Charity registrdtion number.. 1159468 Cardiff Gospel Hall Trust Annual Report and Financial Statements for the Year Ended 5 April 2024 Hinton Abbott Accountants
Cardiff Gospel Hall Trust Contents Reference and Administrallve Details Trustees, Report 2to6 Independent Examinefs Report Si&lement of Financial Activiiies 8t09 Balan¢¢ Sh¢et io Notes to the Financial Ststemenls Ilto16
Cardiff Gospel Hall Trust Reference and Administr4tive Details ChainD*n Gr8[ Davis Chief Exec11¥t O(fK¢r Alex Nunn Trustees Grant Hcwison Alex Nunn Bruce Robins . resigned on 22 May 2024 Graham Davis Timothy Swanw Barry George Thompson. appointed on 22 May 2024 Principal The HatOrn$ St. 13rid¢s-Sutw-Ely Cardiff CF5 6EY Charity RegistratioA Number 1159468 Bankers Lloyd5 Bank plc 25 Gr¢sharn Strcct London EC2V 7HN Indep¢Dd¢Dt Examiner Hinion AbEK)ll Accountants 2 Kin8sdowtL Or¢hard H)'de Road S%'indon WiltshÈre SN2 7RR Page I
Cardiff Gospel Hall Trust Trustees, Report The trustees present the annual report together with the financial ststements of the charity for the year ended 5 April 2024. The financial statements have been prepared in accordan¢e with th¢ acwuntsng policie5 set out on page 13-14 and comply with the Trust Deed and applicable law. Struc¢urfy goverDaDce and management Governing documenl The Cardiff Gosp¢l Hatl Tn1 is an uninrPOraled trust wnstituted by a Deed of Trust dated 12 August 1991, most recently amended by Deed of Variation dated 5 August 2017. The Trust was r¢gistered with th¢ Charity Commission for England and Wales on 3 December 2014 under Charity Registration Number.. l 159468. The nam¢ of the Irusi was Changed from Hirwaun Road Trust to Cardiff Gospel Hall Trust.This was approved by the congregation on 4th August 2017. Recruitmen¢ and appoinlmenl ollruslttf The names of the Trustees who have served during the year and since the year end are set out on page l. None of th¢ TNstees, nor any person connected with thern, received any remuner10 or expenses from the Charity in the year ended 5 April 20241202)-.£nil) The Trust operates a Gospel Hall and Trustees are chosen from among the regular congregation of the hall. New Trustee5 are nominated b). the existing Trustees or by the Congregation and must be apph)int¢d by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objccts of thc Charity. Checks are madc to ensure the Tru5tees' eligibility to act and incoming Trust5 ar¢ made aware of thcir responsibilities by the existing Trustees, ensure that new Trustees read the Trust Deed and r¢l¢vant Charity Commission guidan¢¢. Wider nrhvork The Trustees maintain infom]al links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Chariry. The Charity also mainiains particular links with the Ashgrove Trusc with which it shares members of its congregation. Risk management The Trustees hav¢ identified and reviewed the major risks to whi¢h the Charity is ¢xpos¢d and ¢onfirn] that they have estsblished systems or pedureS to manage and mitig4te those risks. Objectives and activities Objectives and aims The ChItable purFrf)ses of the Charity are the advancement of the Christian religion for the public benefit, including by the ¢arying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians fomiing part of the world-wide fellowship known &$ the Plymouth Brethren Christian Church (the "Brethr¢n") and any other charitable purposes connected with Brethren. The eore doctrine of the Btethren and proper prathice5 in furtheranre of rertain asperts of d(Ktrin¢ are summarised in two h¢duleS to th¢ Tiust Deed. Public benefit The Trustees confirni that thry have complied with their duty under section 4 of the Chariti¢$ A¢t 201 I to have du¢ regard to the Charity Commission's general guidance to charities on public benefit. Page 2
Cardiff Gospel Hall Trust Trustees, Report (continued) Charitable Benefit Report for Cardiff Gospel Hall Tn Overvi¢w The Cardiff Gospel Hall Trusi has proudly supported the Raptd Relief Team (RRTI throughout the past year. facilitating numerous charitable activities aimed ai uplifting our local communities. This report highlights key initiatives undertaken by ihe RRT (a seperale charirty). which we supported by providing the personnel. showc&sing our commitment to s¢rving those in need in Newwrt and Cardiff. Key Activities l. Meal for the Homeless in Cardiff Dat¢." Saturday 2 1st January 2023 Location.. Huggard Homeless Shelter Catdiff Dethi15.' On a Saturday morning, the RRT hosted another medl for homeless individuals at one of Cardiffs k¢y shelters. This iniliative aimed to ensure that vulnerdble citizens received a warni rneal and compassionate care. 2. Doddie Weir 555 Foundation Sponsored Bike Ride Breakfast Date". 9th FebFuary 2023 Location.. Principality Stadium. Cardiff Details: In a t¢stsm¢nt lo our commirmenl to health and rommunity spirit, the RRT organized a breakfast event for participants of the Doddie Weir 555 Foundalion sponsored bike ride. Serying an impressive 400 breakfasts at the i¢onic Principality Stadium. this initiative aimed to fuel the riders while rdising awareness for the vital work of the Doddie Weir Foundation. whi¢h supwrts resear¢h into moior neurone disease. This event not only provided nourishment but also fostered camaraderie among participants, show¢asing our dedi¢aiion to h¢alth-r¢laled ¢aus¢s. 3. Meal for the Homeless An Newport Date.. Saturday 26th August 2023 Location-. High Street. Newport Details.. The RRT organized a community meal for homele5S Citizens, successfijlly serving 190 meals. This event not only provided nourishment but also fosiered a sense of wmmunity and SUprt for those facing challenging Circumstances. 4. Support for Ernergen Services Trninlng Date.. September and October 2023 Lo¢ation: C¥rdiff White Water Centre Details.. The RRT collaborated with local emergency services io support their two key training exercises. This partnership not only strengthened Community relations bui also ensured our emergency responders are well-prepared for real-life scenarios. 5. Support During Live Fire Situation5 Date: De¢¢mber 2023 Location.. Near the City Meeting Room and10¢o1 brethren business premises Details.. The RRT provided viial supw)rt to emergency services during live fire situations. This assistance was ¢ru¢ial in managing the safety of the community and ensuring effe1ve resnSeS to emergencies. Impact The activities undertaken by the Cardiff Gospel Hall Trust have significantly impacted the lives of many individuals within our ¢ommunity. By providing meals and supp)rt lo the homeless. we have helped alleviat¢ some of the immediate hardships they face. Additionally, our collaboration with emergency services enhances ¢ommunty safety and preparedness, showcasing our dedication to the welfare of all citize. Acknowl¢dgm¢nis We would like to extend our heartfelt grntiwde to all volunteers, and community m¢mb¢rs WIK) ¢ontributed their time and resources to mak¢ thes¢ inilAativ¢s possible. Your support is invaluabl¢ in helping us achieve our mission. Page 3
Cardiff Gospel Hall Trust Tru5tees' Report (continued) Main gctivities and g¢hievements The Trust provides and maintains [a Gospel hall] [xx Gospel halls] where religious meetings are held by the local Brethren community. Ddails of the origin5, tea¢hing5 and way of life of the Brethrcn can be found on the websiie - vww.plymouthbrethrenchristian¢hur¢h.org and in the schedules lo the Trusi Deed. As a ¢haritable Chrimian OTganisation, we ¢¥rry oui a number of tssks to ossisi mankind in various ways. Both time and money are given to provide a benefit to those around us in need. In nornial circumstances this is carried out in a variety of ivays, from litter picking, providing park benches to serving hot meals to emergency services in times of crisis. As with many organisations. the pandemic has had a profound effect on our ability lo operate our nom)al activities but where there h&8 been opportunity, we have done what we can. Most of ihls work is carried out through members of the congretgation volunteering for the RRT (Rapid Rclief Team 15 a scparate charity). All work is Carried oui voluntarily. More detsils of th¢se activities can be found in the appendix attached to these accounts. Plans for Future Period5 Despite the increased c05t of energy. the trustees feel that these increased costs are not Significantly impacting on the ability of the charity lo coniinu¢ as a going ¢on¢¢m. The Cardiff Gospel Hail Trusl remains ¢ornmitted to SUp)rting the Rapid Relief Team in its charitable endeavor5. Together, we will continue to make a positive impact on our local communities, offering assistance and hope to those who need it most. Meetings Meetings held at the Gospel hall include the Lord's Supper (Communion), Gospel pteachings, Bible readings and Bible addresses. There is a strnctured weekly schedule of meetings held in one or more of the gospel halls. Depending on the particular mttting. between 40 and 600 people nornially attend these occasion5. The meetings are attended by the regular congregation and most are open to other properly dispos¢d visitors. Tbe notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with telephone number for those seeking further inforniatson or help. Gospel tracts. which are distributed by street PTea¢hers. a150 display thi5 infoTmalion. Bibles and an ¢xl¢nsiv¢ rang¢ of other Christian reading material are on display at the ball and visitors are free to help themselv¢s. Sprèading the Cosptl mtSS*Ee #nd thè lift of a Christia The Cardiff Gospel Ha]1 is a base fmm which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel. in word and deed. Member5 of the congregation participate in a progrdmme of street preaching everyday Monday- Friday. This is held at midday on Queen Street in Cardiff and would be attended by a minimwn of 2-3 persons who would preach the name of Christ. Gospel tra¢ts are provided free of charg¢ by the Charity to such preachers to be handed out to interested members of the public. Tracts and gospel cards are available for collection from the main gospel hall and any enquires received by the trustees or made the central office are followed up fvlly. and where applicable people have been d1cted to the following website (wwryv.christiandoctrineandgospelpublishAng.org) where lilerature can be purchased or downloaded for reading in multiple languages. In addition to street preaching, the tnt also keeps in 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 hom¢less and needy penS through local charities or hom¢less societi¢s. In earrying out this work, the congregation considers itself to be living out its faTth Tn practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life.. Page 4
Cardiff Gospel Hall Trust Trustees, Report (continlled) We seek and are encouraged to live exemplary lives in all our relationships with others in th¢ wider Community (including fonner Brethren). in accordan¢¢ with th¢ ieachings of Holy Scripture (l Tim 2..2). We regularly go out from our homes to preach on the streets, to distribute Chrisiiati literature and engage with thc wider community {including fornier Brethren) in order to present eternal salvation, available to all men by faith in J¢sus Christ. (2 Tim 4..2). We seek as members of the public to lead Christian lives •s husbands and wives. parents, Childre employers, employees and neighbours. (Col 3..22-25. Col 4..1). . The preservation and protection of the famtly unit is fimdamentsl &nd children are prized as a blessing from God. (Psalm 127..3-51. The elderly are valued membeTS of the community. for whom both their family and the wider Community ar¢ experted to care. Holy siptUre commands us to be good neighbours to others. and deal with all oth¢r p¢opl¢ {in¢luding fornier Brethren) openly. honestly and fairly and ¢onsistent with these principles. we should give our time, talents and money to assisi those in need in the wider community. in so far &$ re&8onable given our abililies and our available resourc¢s. (Matt 7.12, Matt 22.)9. Eph 4..28). Funding Funding is sought through gifts from the congregatton and Gift Aid is claimed on eligible donations. Funding is sometimes re¢¢iv¢d from other charitable trusts with Cotnplementary objectives. Finantial review Financi41posiiion In the year ended 5 April 2024 the Trnst had a SUTplus of £41.113 of incoming resources over resources exp¢nd¢d. Total voluntary income received this year was £316,995 compared to £155,592 in the previous year. All funds held were unrestrtcted funds. Re5ervespotiry The Trustees bave considered th¢ level of resery¢s they wish to rela1 appropriate to the charity's n¢ed& based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. In line with the obj¢¢tive5 of the charity we are building up reserves within the fiEnd in order to be able to purchase another gospel hall to provide for a possible increase in attend¢¢s and worshippers in new ncarby arcas. The congregation is kept regularly infornied as to particular needs for fid5. and other relevant matters and the Trwtees aim to ensure that the Charity will be able to continue to fulfil its charitable obJective5 even if there is a temporary shortfall in income or unexpe¢trd ¢xp¢nditure. by raising a fimds app¢al to the congregation. Free reserves ai the year end were £423.959. {2023: £351,674) Siatement of TrnMees' Responsibilities The trustees are respK)nsible for preparing the trustees, report and the financial statements in accordan¢e with th¢ United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Page S
Cardiff Gospel Hall Trust Trustees, Report (contlnued) The law applicable to charities requires the trustees to prepare financial slatements for each financial year which give a tNe and fair view of the state of affairs of the charity and of the inco1ng resourr¢5 and application of resources of the charity for thai period. In preparing these f&nancial statements, the tnjstees are required to.. select suitable accounting policies and then apply them consist¢ntly; observ¢ the methods and principles in the Charities SORP. make judgements and estimaies that are reasonable and prudent: state whether applicable accounting Mandards hav¢ been followed. subject to any maierial departures disclosed and explained in the financial ststements: and prepare the financial statements on the going concern b1$ unless Tt is inappropriate to presume that the charity will Continue in business. The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accurdcy at any time the financial position of the charity and enabl¢ them io ¢nsure that the financial statement5 wmply with the Charities Ad 2011, Ihe Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. The trustees 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 have been reviewed and approved by two trusiees. The Iruslees are responsible for the maintenance and integrity of the cory)orate and financial infonnation in¢luded on the charitabl¢ company's web51te_ Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jwisdictions_ The annual report was approved by th¢. behalf by.. J7, Irf1 :} ) ¢¢5 of the charity on ..................................................... and Signed on its Graham Davis Chairnian and trustee Page 6
Cardiff Gospel Hall Trnst IDdependent ExamiDer's Report to the trustees of Cardiff Gospel Hall Trust I report to the trustees on my examination of the wiunts of the Cardiff Gospel Hall Trust for the year ended 5 April 2024. Responsibilities #nd basis of report The charity's trustee5 are responsible for the preparation of the accounts in ?Ordance 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{5Mb) of the Act. B*sis of the Independend examiner'5 report My examiThation was carri¢d out in accordan¢¢ with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a mparISOn of the accounts presented with those re¢ords. It a150 includes con5iderdtion of any unusual items or disclosures in the accounts, and seeking of explanations from you as Truste¢s concerning any su¢h matters. Th¢ procedures undertaken do not provid¢ all th¢ eviden¢¢ that would be required in an audiL and consequently no opinion is given as to wheth¢r th¢ accounts present a Irue and fair view ' and the report is limited to those matters Set out in the statements below. IndepeTrdent eLqrniner's Statement The Charity'5 gross income exceeded £250,(KIO and I am qualified to undertake the examination by being a qualified member of AAT. I have completed my examination. I confim) that no material matt$ have Come to my attention in connection with the ¢xaminalion giving me cause to believe that in any malerial respect: l. Accounting records re not kept in respect of the Trust as required by section 130 of the Act. or 2. The aountS do not accord with those records: or 3. The accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities IAccounts and Repons) 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 An this Few)rt in order to enable a proper understanding of the accowjts to be reached_ Ewa Radzikowska 2 Kingsdown Owhard Hyde Road Swindon Wiltshire SN2 7RR D&te'. Page 7
Cardiff Gospel Hall Trust Statement of Financial Activities for the Year Ended 5 April 2024 Unrestrieted funds 2024 Note Income and Endowments from". Donations and legacies Investment income 316.997 5.492 316.997 5.492 Total income 322.489 322.489 Expenditure on: Raising funds Charitable activities (1.267) (280.107) 11,267) (280.107) Total expenditure 12 (281.374) 281,374) Nel income 41,115 41,115 Net mov¢ment in fiwds 41.115 41.115 Reconciliation of funds Total funds brought fonvard 1,788,179 1,788,179 Total furtds Carried forward 1,829,294 1,829,294 The notes on pages I I to 16 forni an integral part of these financial statements. Page 8
Cardiff Gospel Hall Trust StatemeDt of Financial Activities for the Year Ended 5 April 2024 (continued) Unrestricted funds Total 2023 Note IDcome and Endojvments from: Donations and legaci¢s Investment income Other in¢om¢ li 1 $5,592 534 513 155,592 534 513 Total in¢om¢ 156.6J9 156.639 Expenditure on". Raising funds Charitabl¢ activities 199,4)1 Total expenditsjre 12 199.4iO 199.4JO Net expenditure {42,791) {4?,7911 N¢t mov¢ment in ndS (42,791} (42.7911 Recollciliation of fuDd$ Total fiinds brought forward 1,830.970 1,830.970 Total funds carried forward 1.788.179 1.788.179 All of the ch8rity's artivities derive from continuing operations during the abov¢ two periods. The funds breakdown for 2024 and 2023 is shown in note 7. The notes on pages I I to 16 forni an integral part of thes¢ financial statements. Page 9
Cardiff Gospel Hall Trust Olegistration number: 1159468) Balance Sheet as at 5 April 2024 2024 2023 Note Fixed assets Tatkgibl¢ asscts .405,333 ,436,505 Curreiit *55ets DeOrS Cash at bank and in hand 3.798 497,969 33,753 321,662 501,767 355,415 Creditors: Amounts lalling due withfill one yeAr (77,806) (3,741) Net eurrent assets 423.961 351.674 Net assets 1,829,294 1.788,179 Fund5 of the thrity. Unre5trieted income funth Unrestricr¢d funds 1,829,294 1,788,179 Tot41 fynd5 1,829,294 1,788,179 The financial ststemenls on pages 8 to 16 were approved by the tTUStees, and authorised for issue on '.....1¥.5......................... ..... and signed on theirbehalf by.. Graham Davi5 Chairnian and trustee The notes on pages I I to 16 forn) all integral part of these fjnancial 5tsternents. Page 10
Cardiff Gospel Hall Trnst Not to the Financial Statements for the Year Ended 5 April 2024 l Accounting policies Basis of preparation financial statements The financial statements have been prepared in accordanc¢ with Accounting and Reporting by Charities". Second edition of the Statement of Recommended Practice applicable to chtirities pr¢paring their accounts in accordance with the Financial Reporting Sthndard applicable in the LTK and Republic of Ireland (FRS 102) issu¢d in October 2019, Ihe Financial Reporting Standard applicable in the Unitsd knngdom and Republic of Ireland IFRS 102}, and UK Generdlly Accepted Practice. The fimctional currency of th¢ charity is sterling (£). The Trust meels the definition of a public benefit entlty under FRS 102. Assets and liabilities ar¢ initially recognised at historical cost or transaaion value uftle otherwise stated in the Televant accounting poli¢y nofr(s). Income and endowments Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be rneasured with reasonable certainty. Income is only deferred when the chariry has to fulfil conditions before becoming entitled io li or where the donor has specified that the income is to be expended in a firtur¢ y¢ar. Gift aid is added to the value of the donation to whirh it relates. Donated services are recognised as income and expenditure in the financial stat¢m¢nts when organisations or individuals offer their services and support pro bono. The value of these donated services to Cardiff Gospel Hall Trust is considered to bc cqual to mark¢t value which would be paid were the service fornially procured. This includes services paid for by other trusts. Investment tncome is accounted for on a receivable basis. Expenditure Expenditure is included on an accrnals basis. Liabilities are r¢eognised as soon as ther¢ is # l¢gal or eon5tru¢tive obligation committing the charity to pay oul resources. Charitable activities comprise those costs directly atsributable to th¢ fulfilment of the charitabl¢ obj¢¢ts. Gov¢rnante 4nd sUPPOrt costs Support costs hav¢ been allocated between governance costs and other support costs. Governance costs comprise all cosls involving the public accountability of the charity and costs related to ststutory requirements. Governance and support costs are allocated to charitsble activities on the basis of ¢apa¢iry used. T2xAtion The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable a¢tivities, provided income falls within the charitable exemptions and is spent on charitable purposes. Pagell
Cardiff Gospel Hall Trust Notes to the FinaDci21 Statements for the Year Ended 5 April 2024 (continued) Tngible filed 1s5ets Individual fi.xed assets costing £100.00 or more are tnitially recorded at COsL less any subsequent a¢cumuled depreciation and subsequent accumulat¢d impaimient losses. Depre¢i4tion and amortisation Depreciation is provided on tsngible fixed assets so as lo write off the cost or valuation. les5 any estimated residual value. over their expected useful economic life as follows.. Asstt elass Freehold land Freehold buildings Fixlur¢s and Fittings Depreciation method and rate not depreciated 20/0 Straight Line 100/9 Strnight Line Fund structhre The general unrestricted fund is free for th¢ Trustees use for any purw)ses in furtherance of the trust's charitabl¢ objects. Re51ri¢ted funds arise from donations to the tnLsL which are made for a specific purpose. Restricted funds can only be used for the purpose for which fjjnds were given. Designakd ndS are unrestricted funds set aside foi sp¢iifir purpos¢s at th¢ di5rr¢tioll of th¢ trustees. Prepr#tion of consolidated financial $tstements The Charity does not have a trading subsidiary and there is TAO requirement to prepare ¢onsolidat¢d a¢rounts. Going ¢oneern The Trustees consider that there are no material nrtaintieS about the charity's ability to continue as a going concem. Signifieant estimates #nd judgements The trustees do not consTrd¢r thai th¢re are any sources of estimation uncertainty at the reporting date that have a significant risk of Causing a material adjustmenl lo the carrying amounts of assets and liabilities within the Trext reporting period. 2 Trnstees, remuneration #thd expettses Trustees, remMtter*tion and expenses No tru5t¢es Teceived any remuneration or other benefits from an employment with the chlty and Expenses reimbued are mentioned in note 18. Page 12
Cardiff Gospel Hall Trust Notes to the Flnancial Statements for the Year Ended 5 April 2024 (continued) 3 Wages and salaries There are no employees (2023: none). 4 ADalysis of governance and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements Legal fees 2.220 1,373 2,220 1.373 Total for 2024 3,593 3,593 Total for 2023 5.669 5.669 5 Tangible fixed assets Land gnd buildings Furniture and equipment Tot81 Cost At 6 April 2023 1,938,448 13,378 ,951,826 At 5 April 2024 1.938,448 13.378 1,951,826 Depreciation At 6 April 2023 Charge for the year 507.189 29,834 8.133 1,337 515,322 31,171 At 5 April 2024 537.023 9.470 546,493 Iyet book value At 5 April 2024 1.401.425 3.908 1,405.33) At 5 April 2023 1,4)1,259 5,245 1.436,504 Land Registry Number WA460226 Page 13
Cardiff Gospel Hall Trust Notes to the Finaneial Statements for tbe Year Ended 5 April 2024 {contlDued) 6 Creditors: amounts falliDg due within one year 2024 2023 Other creditors Accruals 75.000 2.806 3,741 77,806 3,741 7 Movement ill Funds Balan¢t at 6 Apiii 2023 Incoming resources Resources expended Balance 8t S April 2024 Transfers Unrestrieted funds General General D¢signated 1.782.679 5,500 310.581 (263.968) 1,829,292 (5,500 (5.5001 1,788,179 JIO.581 (263,968) 1.829,292 Balanee at 6 April 2022 Incoming resources Resources expended Bglanee at 5 April 2023 Unrestricted funds General General 1.825245 5,725 146.119 {188,685) 12251 1,782,679 5.500 tksignat¢d 1,830,970 146.119 {188.910) 1,788,179 Page 14
Cardiff Gospel Hydll Trust Notes to the FiDancial Statements for the Year Ended 5 April 2024 (continued) 8 Allglysis of net assets belwetn funds Unrestrieted funds General Total funds 91 5 April 2024 Tangible fixed assets Current assets Curr¢nt liabilities 1.405,3J3 501,767 77,806) 1,405,333 501,767 77.806) Total net assets 1.829.294 1.829.294 Unrestricted funds General Tot41 ndS at S April 2023 Tangible fixed assets Current assets Current liabilities .436.505 355.415 (3.741) 1,436,505 355.415 (3,741) Total net assets 1,788,179 1.788,179 9 Relted party trnnsctions During the year £1.140 were received as donations from reled parties. 10 Volunteers Cardiff Gospel Hall TnLSt relies entirely on volunteers to carry out the maDagernenL administrntion and generaI tnaiFLtenance work. 11 Income from donatiotts ttd legcits Unrestrieted fund5 Gener#1 Totsl funds Donations and Segacies.. Non Gift aid Donations Gift aid Donations Gift aid Teclaimed 305,010 9,590 2,397 305,010 9,590 2,397 Totsl for2024 316,997 316,997 Totsl for 2023 155,592 155.592 Page 15
Cardiff Gospel Hall Trust Notes to the Financial Statements for the Year Ended 5 April 2024 (continued) 12 Net incomingloutgoiDE resources Net incominglloutgoing) resources for the year in¢lud¢: 2024 2023 Depreciation of fixed assets Donated Services to A5hgrove Insurance Repairs & ManTntenance Charitable Donations Congregation support Sundry Expenses Cleaning Independent Examiners F¢¢s L¢gal & Professional lees Comrni55ion payable G&s & Electricity & water Telephone C05t of Publi¢ events Total 31.172 17.406 2,907 163.232 34239 31.172 10.520 1,644 11.800 108.127 225 I,soo 239 2,640 3,029 2220 2.566 1267 15.345 649 7.006 281.374 13,567 602 14.367 199.431 Poge 16