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2021-04-05-accounts

REGISTERED NUMBER: 1159430

FAVELL GOSPEL HALL TRUST

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 05 APRIL 2021

Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW

FAVELL GOSPEL HALL TRUST

REPORT AND FINANCIAL STATEMENTS

CONTENTS

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Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 12
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Page 1

FAVELL GOSPEL HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 05 APRIL 2021

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CHARITY NAME: Favell Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1159430
TRUSTEES: Mr Richard Calder
Mr Owen Ford
Mr Robert Devenish
Mr Russell Calder
Mr Grant Clarke
TREASURER: Mr Richard Calder
PRINCIPAL ADDRESS: 464 Billing Road East
Northampton
NN3 3LF
INDEPENDENT EXAMINER: Kerry Taylor
Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: Lloyds Bank
George Row Northampton Branch
Lloyds TSB Bank plc
PO Box 1000
BX1 1LT
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Page 2

FAVELL GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021

The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page ten and comply with the Trust Deed and applicable law.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is an unincorporated trust constituted by a Deed of Trust dated 19 June 2000, most recently amended by Deed of Variation dated 08 August 2014. The Trust was registered with the Charity Commission for England and Wales on 01 December 2014 under Charity Registration Number: 1159430

Recruitment and appointment of new trustees

The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).

The Trust operates 5 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 Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with Nene Valley Gospel Hall Trust and Wantage Gospel Hall Trust, with which it shares members of its congregation.

Risk management

The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems 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.

2020 panned out to be a year like no other with individuals, businesses and charities alike facing unique challenges unparalleled in our lifetime. In some way shape or form COVID 19 has had a profound impact on all our lives.

The trustees and the regular congregation members were determined to continue their public benefit works and we have found this year has demanded even more resource as we support people and communities around our places of worship. Members have been involved in helping at reactive events including a major flooding event at Billing Aquadrome and a fire at on the Brackmills Industrial Estate serving a total of over 280 meals to emergency responders. Members have also been involved in the packing and distribution of family food boxes with the Rapid Relief Team, a charity which supports local communities and charities in time of need. During this year, food boxes have been distributed to a number of local charities who support the homeless and needy, including the Northampton Hope Centre and Home-Start Northampton.

Page 3

FAVELL GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021

Plans for future periods

From 18th March 2020, Favell Gospel Hall Trust ceased using the gospel halls which it operates. This was as a result of the global Covid-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use the gospel halls again once the general lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

Main activities and achievements

The Trust provides and maintains 5 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 trustees have also established an Emergency Needs fund for the duration of the current pandemic and any resultant economic downturn. This is providing limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household. The trust has appointed a Local Welfare Panel to manage the application process and to administer the vouchers to qualifying applicants.

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 25 and 500 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 halls and visitors are free to help themselves.

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 addition to street preaching, members of the congregation has contact with prison chaplains to provide gospel tracts and bibles as required. The Trust also operates a programme of providing regular packs of nutritious food and gospel literature to homeless and needy persons through local charities or homeless societies.

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:

Page 4

FAVELL GOSPEL HALL TRUST REPORT OF THE TRUSTEES

FAVELL GOSPEL HALL TRUST

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 2021, the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £151,116 compared to £229,326 in the previous year.

All funds held were unrestricted funds.

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 have decided to adopt a policy of maintaining no significant reserves. 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 £270,529.

Page 5

FAVELL GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021

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 to 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.

On behalf of the board:

Mr Richard Calder (Trustee)

Date

Page 6

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE FAVELL GOSPEL HALL TRUST FOR THE YEAR ENDED 05 APRIL 2021

I report to the trustees on my examination of the accounts of the Favell Gospel Hall Trust for the year ended 05 April 2021.

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’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

BASIS OF THE INDEPENDENT EXAMINER'S 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 of 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 statements 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:

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 faire 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.

K Taylor Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW 02 December 2021

Page 7

FAVELL GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 05 APRIL 2021

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Payroll giving
Other Donations
Investments:
Bank interest
Other
Interments
Other interest
Other income
Total
Expenditure on:
Charitable activities
Running meeting rooms
5
Cost of donated services
4
Congregation Support
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds bought forward
Total funds carried forward		 Unrestricted
Designated
Restricted
Total funds
Total funds
Funds
Funds
Funds
2021
2020
£
£
£
£
£
10,170
-
-
10,170
52,650
25,000
8,160
-
33,160
97,890
67,488
-
-
67,488
34,750
16,872
-
-
16,872
16,138
4,036
-
-
4,036
3,483
19,390
-
-
19,390
24,415
-
-
-
-
-
2,200
-
-
2,200
5,700
23
-
-
23
33
15,000
-
-
15,000
-
160,179
8,160
-
168,339
235,059
61,606
-
-
61,606
78,240
14,854
-
-
14,854
6,063
-
3,750
-
3,750
-
76,460
3,750
-
80,210
84,303
83,719
4,410
-
88,129
150,756
-
-
-
-
-
83,719
4,410
-
88,129
150,756
1,168,048
-
-
1,168,048
1,017,292
1,251,767
4,410
-
1,256,177
1,168,048

The notes on pages 10 to 12 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.

Page 8

FAVELL GOSPEL HALL TRUST BALANCE SHEET

AS AT 05 APRIL 2021

Notes
£
£
Fixed Assets
Tangible assets
6
1,060,630
Current Assets
Prepayments and accrued income
12,556
Cash at bank and in hand
91,261
Work in progress
90,653
Loan to Oneform Ltd
93,564
Gift Aid Receivable
33,697
321,731
Current liabilities
Creditors: amounts falling due within one
year:
Loan Baca Safety Ltd
(50,000)
Accruals and deferred income
(1,202)
Net current assets
270,529
Total assets less current liabilities
1,331,159
Creditors: amounts falling due after
more than one year:
Loans
74,980
Net assets
1,256,177
Funds
Restricted funds
-
Unrestricted income fund
1,256,177
Total unrestricted funds
8
1,256,177
2021		 £
£
1,022,449
2,161
99,140
100,643
103,554
16,825
322,323
(50,000)
(1,752)
270,571
1,293,020
124,972
1,168,048
-
1,168,048
1,168,048
2020

The unaudited financial statements were approved and authorised for issue by the Trustees of Favell Gospel Hall Trust on …………………..……….and were signed on its behalf by

Mr Richard Calder (Trustee)

The notes on pages 10 to 12 form part of these financial statements

Page 9

FAVELL GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

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 Favell Gospel Hall 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.

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.

Tangible fixed assets (costing more than £100) 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: Freehold buildings 2.5% straight line Fixtures and fittings 10% reducing balance Property improvements 3% straight line

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.

1.8 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.

From 18th March 2020, Favell Gospel Hall Trust ceased using the gospel halls which it operates, due to the global Covid-19 pandemic and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

Page 10

FAVELL GOSPEL HALL TRUST

FOR THE YEAR ENDED 05 APRIL 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

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 (2020: None).

3. WAGES AND SALARIES

There are no employees (2020: none).

4. DONATED SERVICES

Donated to:

Donated to:
Wantage Gospel Hall Trust
Nene Valley Gospel Hall Trust
RESOURCES EXPENDED
Direct costs
Repairs and maintenance
Landscaping and waste
Insurance
Water rates
Light and heat
Conference costs
Telephone and broadband costs
Legal and professional
Postage and stationery
Burial ground
Depreciation
Public outreach work
Bank charges
Governance		 Year ended
05 April 2021
£
13,194
1,660
14,854
Meeting
rooms
£
17,098
925
2,105
1,155
2,240
-
1,078
8,496
392
443
26,798
-
-
876
61,606		 Other charitable
activities
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Year ended
05 April 2020
£
1,431
4,632
6,063
Year ended
05 April 2021
£
17,098
925
2,105
1,155
2,240
-
1,078
8,496
392
443
26,798
-
-
876
61,606		 Year ended
05 April 2020
£
17,860
7,056
2,863
800
14,645
175
608
5,710
551
739
25,626
731
-
876
78,240
  1. RESOURCES EXPENDED

Governance costs include £180 (2020: £180) in respect of independent examiner’s fees.

Page 11

FAVELL GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

6. TANGIBLE FIXED ASSETS

Cost
At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020
Cost
At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020		 Freehold land &
buildings - Billing
Road East
£
643,102
-
-
643,102
268,355
16,211
284,566
358,536
374,747
Property
Improvements -
Orchard Hill
13,068
-
-
13,068
772
392
1,164
11,904
12,296		 Freehold land &
buildings - Bedford
Road
£
303,606
-
-
303,606
24,196
5,776
29,972
273,634
279,410
Fixtures, fittings &
equipment
75,296
-
-
75,296
49,933
2,661
52,594
22,702
25,363		 Freehold land
and buildings -
Northampton
Road
£
13,079
13,229
-
26,308
1,644
418
2,062
24,246
11,435
Totals
1,367,664
64,979
-
1,432,643
345,215
26,798
-
372,013
1,060,630
1,022,449		 Freehold land and
buildings - Moulton
Lane
£
319,513
51,750
-
371,263
315
1,340
1,655
369,608
319,198

Land registry titles of the above property held are NN309391, NN42245, NN262398, NN232261 and NN231604.

Page 12

FAVELL GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

7. ANALYSIS OF NET ASSET BETWEEN FUNDS

7.1
Current year
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
7.2
Prior year
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
8.
MOVEMENT IN FUNDS
8.1.
Current year
Restricted funds
Unrestricted funds
Total funds
8.2.
Prior year
Restricted funds
Unrestricted funds
Total funds		 Fund balance
At 06 April 2020
£
-
1,168,048
1,168,048
Fund balance
At 06 April 2019
£
-
1,017,292
1,017,292		 Unrestricted
funds
£
1,060,630
321,731
(51,202)
(74,980)
1,256,179
Unrestricted
funds
£
1,022,449
322,323
(51,752)
(124,972)
1,168,048
Incoming resources
£
-
168,339
168,339
Incoming resources
£
-
235,059
235,059		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-
Resources
expended
£
-
(80,210)
(80,210)
Resources
expended
£
-
(84,303)
(84,303)		 Total
funds
£
1,060,630
321,731
(51,202)
(74,980)
1,256,179
Total
funds
£
1,022,449
322,323
(51,752)
(124,972)
1,168,048
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2021
£
£
-
-
-
1,256,177
-
1,256,177
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2020
£
£
-
-
-
1,168,048
-
1,168,048

9. TRANSACTIONS WITH RELATED PARTIES

During the year donations totalling £19,255 have been received from related parties of the trustees.

10. VOLUNTEERS

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

Page 13

FAVELL GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

10. PRIOR PERIOD ERROR

The prior period error was for the year ended 05/04/2018. The error was a loan of £50,000 from R M Denny that was repaid in the year, but wasn't accounted for in the 2018 accounts. This correction has been made in the opening balances in the 2020 comparative figures decreasing the loan amount owing to Mr R M Denny to nil.

Page 14

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