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← Hereford Gospel Trust

2025-04-05-accounts

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Charity Registration No: 1159428

Hereford Gospel Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2025

T B Tax Services Bridge House Pattenden Lane Marden Kent TN12 9QJ

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Contents

Pages
Reference and administrative details 3
Report of the trustees 4-7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11-16

2

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Reference and Administrative Details For the year ended 5 April 2025

Charity name Hereford Gospel Trust
Registered charity number 1159428
Trustees Mr Adrian Tennent
Mr Jeremy Knappett
Mr Philip Boyman
Mr Garth Knappett
Mr Mark Doouss (Chair)
Treasurer Mr Garth Knappett
Principal address 5 Beacon Road
Rotherwas Industrial Estate
Hereford
HR2 6JF
Independent examiner Simon Bell
T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ
Bankers Lloyds Bank
19 Eastgate Street
Gloucester
GL1 1NU

3

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Report of the Trustees For the year ended 5 April 2025

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 11 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

The charity is controlled by a deed of trust and constitutes an unincorporated charity.

The Charity is an unincorporated trust constituted by a Deed of Trust dated 7 October 2004, most recently amended by Deed of Variation dated 28 February 2014. The Trust was registered with the Charity Commission for England and Wales on 1 December 2014 under Charity Registration Number: 1159428.

Recruitment and appointment of new trustees

The names of the Trustees who served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2025 (2024: £nil).

The Trust operates four Gospel Halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity.

Risk management

The Trustees have identified and reviewed the major risks to which the Charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.

Objectives and activities

Objectives and aims

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Public benefit

The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.

4

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

Main activities and achievements

The Trust provides and maintains Gospel Halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

The Trust has continued to engage with the congregation and encouraging good works by them which benefit the wider community, as described below.

Members of the congregation volunteered for the Rapid Relief Team, a separate registered charity in the work that they do. Work done by the RRT includes providing food boxes and essential supplies to the people of Ukraine displaced by the war, and providing support to homeless shelters in the provision of blankets and warm clothing. During the year £6949 was donated to the local food bank charity and 2 defibrillators were donated and installed to the town for public use.

Plans for future periods

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern.

Meetings

Meetings held at the Gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 300 people normally attend these occasions.

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information.

Bibles and an extensive range of other Christian reading material are on display at the hall and visitors are free to help themselves.

5

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

Spreading the Gospel message and the life of a Christian

The Gospel Halls are a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.

Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

Funding

Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.

Financial review

Financial position

In the year ended 5 April 2025 the Trust had a small deficit of incoming resources over resources expended. This was due to some extra repairs carried out during the year to the halls.

Total voluntary income received this year was £141,963 compared to £198,638 in the previous year, all funds held were unrestricted funds.

6

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees aim to ensure that the charity has sufficient reserves to continue to fulfil its charitable objectives.

The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.

Free reserves at the year-end were £50,376 (2024: £70,384).

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions are approved by two Trustees.

On behalf of the Board:

[Doouss] |[Mark] DocuSigned by:

Mark Doouss Trustee

2/3/2026

Date: .........................................

7

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Independent Examiner’s report to the Trustees For the year ended 5 April 2025

I report to the trustees on my examination of the accounts of Hereford Gospel Trust for the year ending 5 April 2025.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

BASIS OF THE INDEPENDENT EXAMINERS REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; Or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

[Bull] |[Simon] DocuSigned by: BB7F736B5F08407... ……………………………………… T B Tax Services

2/2/2026

Bridge House Pattenden Lane Marden Kent TN12 9QJ

8

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Statement of Financial Activities For the year ended 5 April 2025

Notes
Income and endowments from:
Donations and legacies:
Gift Aid donations
Contributions from the congregation
Other donations
Gift Aid recovered
Donations from other Trusts
Payroll giving
Investments
Bank interest
Other - Wayleave receipts
Total
Expenditure on:
Charitable activities
Running meeting rooms
Other charitable activities
Cost of donated services
Total
4
Net income/(expenditure)
Gains/(losses) on sale of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
7		 Unrestricted
funds
Designated
funds
Total
funds
2025
Total
funds
2024
£
£
£
£
840
0
840
32,855
109,000
0
109,000
82,019
31,913
0
31,913
75,550
210
0
210
8,214
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
141,963
0
141,963
198,638
153,401
0
153,401
132,857
8,777
0
8,777
16,141
0
0
0
0
162,178
0
162,178
148,998
(20,215)
0
(20,215)
49,640
0
0
0
0
(20,215)
0
(20,215)
49,640
3,314,962
0 3,314,962 3,265,322
3,294,747
0 3,294,747 3,314,962

The notes on pages 11 to 16 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

9

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Balance Sheet For the year ended 5 April 2025

2025 2024
Notes £ £
Fixed assets
Intangible assets 0 0
Tangible fixed assets 5 3,244,371 3,244,578
3,244,371 3,244,578
Current assets
Debtors:
Loans 0 0
Prepayments and accrued income 3,821 7,599
Cash at bank and in hand 52,689 69,602
56,510 77,201
Current liabilities
Creditors: amounts falling due within one year: 0
Other creditors (4,334) (5,017)
Accruals and deferred income (1,800) (1,800)
Loans 0 0
Net current assets 50,376 70,384
Total assets less current liabilities 3,294,747 3,314,962
Creditors: amounts falling due after more than one
year:
Loans 0 0
Net assets 3,294,747 3,314,962
Funds
Unrestricted income fund 3,294,747 3,314,962
Designated fund 0 0
Restricted funds 0 0
Total charity funds 6 3,294,747 3,314,962

The unaudited financial statements were approved and authorised for issue by the Trustees of Hereford Gospel Trust on 2/3/2026 and signed on their behalf by

[Doouss] |[Mark] DocuSigned by:

Mark Doouss Trustee

The notes on pages 11 to 16 form part of these financial statements

10

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

1. Accounting policies

1.1 Basis of financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Hereford Gospel Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

1.3 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

1.4 Governance and support costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £1,000) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

25% reducing balance

Fixtures and Fittings

11

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

1.6 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

1.7 Funds

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.

Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2. Trustees’ remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2024: None).

3. Wages and salaries

There are no employees (2024: none).

12

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

4. Resources expended

Current Year
Direct costs:
Insurance
Repairs & Maintenance
IT costs
Utilities
Donations
Activity costs
Publications
Legal fees
Depreciation
Governance costs

Prior Year
Direct costs:
Insurance
Repairs & Maintenance
IT costs
Utilities
Donations
Activity costs
Publications
Legal fees
Depreciation
Governance costs
 Meeting rooms
£
4,885
61,872
0
35,633
0
30,702
0
20,101
208
0

153,401
Meeting rooms
£
5,448
48,996
0
32,967
0
21,311
0
23,858
277
0

132,857		 Other
charitable
activities
£
0
0
0
0
0
7,217
0
0
0
1,560
8,777
Other
charitable
activities
£
0
0
0
0
8,703
5,698
0
0
0
1,740
16,141		 2025
£
4,885
61,872
0
35,633
0
37,919
0
20,101
208
1,560
162,178
2024
£
5,448
48,996
0
32,967
8,703
27,009
0
23,858
277
1,740
148,998

Governance costs include £1,560 (2024: £1,740) in respect of independent examiner’s fees.

13

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

5. Fixed assets

Cost
B/f at 06/04/2024
Additions
Disposals
At 5 April 2025
Depreciation
B/f at 06/04/2024
Charge for the year
Disposals
At 5 April 2025
Net book value
At 5 April 2025
At 5 April 2024
Land Registry title deed numbers:
Tillington Road
Aylestone Hill
Ross Road
Allensmore		 Beacon Road
HE29873
1,872,474
0
0
1,872,474
0
0
0
0
1,872,474
1,872,474
HW134400
HE45910
HE48302
HE34921/2/3
HE35557		 Subdivisional
Halls
See below
1,371,273
0
0
1,371,273
0
0
0
0
1,371,273
1,371,273
Cost
142,812
318,350
567,937
342,174
1,371,273		 Equipment
3,500
0
0
3,500
2,669
207
0
2,876
624
831		 Total
3,247,247
0
0
3,247,247
2,669
207
0
2,876
3,244,371
3,244,578
6.
Analysis of net assets between funds
6.1
Current year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds		 Unrestricted
funds
£
3,244,371
56,510
(6,134)
0
3,294,747		 Designated
funds
£
0
0
0
0
0		 Restricted
funds
£
0
0
0
0
0		 Total
£
3,244,371
56,510
(6,134)
0
3,294,747

14

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

6.2
Prior year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds
7.
Movement in funds
7.1
Current year
Restricted funds
Designated funds
Unrestricted funds
Total funds
7.2
Prior year
Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance at
6 April
2024
£
0
0
3,314,962		 Unrestricted
funds
£
3,244,578
77,201
(6,817)
0
3,314,962
Incoming
resources
£
0
0
141,963
141,963
Incoming
resources
£

0

0

198,638

198,638		 0
0
0
0
0
Resources
expended
£
0
0
(162,178)		 Restricted
funds
£
0
0
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0		 Restricted
funds
£
0
0
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0		 Total
£
3,244,578
77,201
(6,817)
0
3,314,962
Balance
at 5 April
2025
£
0
0
3,294,747
3,294,747




Balance
at 5 April
2024

£

0
0

3,314,962

3,314,962		 Total
£
3,244,578
77,201
(6,817)
0
3,314,962
Balance
at 5 April
2025
£
0
0
3,294,747
3,294,747




Balance
at 5 April
2024

£

0
0

3,314,962

3,314,962		 Total
£
3,244,578
77,201
(6,817)
0
3,314,962
Balance
at 5 April
2025
£
0
0
3,294,747
3,294,747




Balance
at 5 April
2024

£

0
0

3,314,962

3,314,962











3,314,962 (162,178) 0
Balance at
6 April
2023
£
0
0
3,265,322
3,265,322		 Resources
expended
£
0
0
(148,998)		 Realised/
unrealised
gains and
losses
£
0
0
(148,998) 0 3,314,962

15

Docusign Envelope ID: F2B9F2B0-DE0F-45D0-AD14-0DA8CE3DD938

Hereford Gospel Trust

Notes to the Financial Statements For the year ended 5 April 2025

8. Transactions with related parties

During the year there were donations of £10,599 (2024: £58,300) from related parties.

9. Volunteers

Hereford Gospel Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

10. Comparative Statement of Financial Position

Notes
Income and endowments from:
Donations and legacies:
Gift Aid donations
Contributions from the congregation
Other donations
Gift Aid recovered
Other - Wayleave receipts
Total
Expenditure on:
Charitable activities
Running meeting rooms
Other charitable activities
Cost of donated services
Total
4
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Designated
funds
Total
funds
2024
£
£
£
32,855
0
32,855
82,019
0
82,019
75,550
0
75,550
8,214
0
8,214
0
0
0
198,638
0
198,638
132,857
0
132,857
16,141
0
16,141
0
0
0
148,998
0
148,998
49,640
0
49,640
49,640
0
49,640
3,265,322
0
3,265,322
3,314,962
0
3,314,962

16