Charity Registratlon No: 115951YJ ST. AUSTELL GOSPEL TRUST Re ort of the Trustees and Una dited Financial Statements Fort th e Year Ended 5 A ril 2021
ST. AUSTELLGOSPEL TRUST TH YEAR ENDED 5 APRIL 2021 CONTENT5 Pages Reference and administrative details Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financiol Statements 9-13
Page I ST. AUSTELL GOSPEL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5 APRIL 2021 TH CHARITY NAME St. Austell Gospel Trust REGISTERED CHARITY NUMBER 1159509 TRUSTEES Mr. Karl Glazebrook Mr. Kenneth A. Glazebrook Mr. Bruce Munn Mr. Nathan Prisgrove Mr. Nigel M. Welch (Chair) TREASURER Mr. Nigel M. Welch PRINCIPAL ADDRESS C/0 Mr. Karl Glazebrook Rievaulx, Biscovey Road, St. Blazey, Cornwall, PL24 2HW. INDEPENDENT EXAMINER Keith F. Pavey, Broadoak Accounting Services, 6 The Oaks, Wembdon Rise, Bridgwater, Somerset, TA6 7QL. BANKERS Lloyds Bank P.l.c., Unit 14, White River PLC Shopping Centre, St. Austell, Cornwall, PL25 5AZ. SOLICITORS Coodes LLP., Solicitors, 8 Market Street, St. Austell, Cornwall, PL25 4BB.
Page 2 ST. AusfELL GOSPEL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2021 The Tru5tee5 present their Report along with the Financial Statements of the Charity for the Year Ended 5, April 2021. The Financial Statements have been ppared in 3ctor(lance with the accounting policies set out on pages 9- 10 and comply with the Trust Deed and applicable law. Structur vernan e and Man ement Governin Document The Charity is controlled by a Deed of Trust, and constitutes an Unincorporated Charity. The St. Austell Gospel Trust is constttuted by a Deed of Trust dated 16 April 1982, subsequent amending Deeds. and m05t recently by a Deed of Variation dated 19 August 2014. The Trust was registered with the Charity Commissiorb for Englarbd and Wales on 5 December 2014 under Charity Registration Number- 1159509. Recruftment and A olntment of New Trustees The Trustees who have seNed during the year and since the year end are set out on page l. None of the Trustees, nor any person connected with them. received any remuneration or expenses from the Charity in the Year, nor in the preceding financial year. The Trust operates four Gospel Ha115 and Trustees are chosen from among the gUlar 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 experted to use both in fvrthering the objects of the Charity. Cheeks are made to ensure the Tru5tees' eligibility to act and incoming Trustees are made aware of their responsÉbilities by the existingTrustees, who ensvrethat newTrnstees read theTrust Deed and relevartcharity Commission guidance. Wider Network The Trustees maintain informal links wfch Trustees of similar CharÉties With a view to pooling experience considered useful in pursuing the objects of the Charity Rlsk Mana The Trustees have identified and reviewed the major risk5 to which the charrty is exposed and confirm that they have established systems or procedures to manage and mitigate those risks. ement Ob'ectives and activities Ob ectives and aims The charttable purposes of the Charityarethe advancement of the Christian religion forthe public benefft, including by the carrying on of the 1VICe 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 know as the PMouth Brethren Christian Church Ithe "Brethn") and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practi5 in bjrtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed. Publi¢ benefit The Trustees confirm that they have complied with their duty under settion 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance to charities on public benefrt.
Page 3 ST. AusfELL GOSPEL TRu¥r REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED Main Actfvitles and achievements The Trust provides and maintains four 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 their website- www. mouthbrethrenchristianchurch.or and in the schedLsles to the Trust Deed. The Trusf s main achievements this year have been to repay further amounts of borrowing and to maintain the Gospel Halls pending the lifting of the Covid-19 restrictions as further stated below. It has also encouraged works by the congregation, as described below. The Trustees have also established an Emergency Needs fund for the duration of the current pandemic and any resultant economic downturn. This is providing limtted financial assistance by the way of grocery vouchers to household5, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health andlor 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 qualwfying applicarbts. Meeti Meetings normally held at the Gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structUd weekly Schedule of meetings and. depending on the particular meetin& between 30 and 250 people nornially attend these occasions. The meetings are attended by the regular ConggatIon and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays times of Gospel preachings, along with a telephone number for those seeking further infomiation 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 themseives. As stated further in this Report, the use of the Halls has been temporarily suspended from 18 March 2020, due to the Covid-19 pandemic. with consequent amendment for the time being of arrangement5 described under this heading. readin the Gos I messa e and the Ilfe 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 normally participate in a programme of street preachin8 and Gospel tracts are provided free of charge by the Charity to such preachers and to be handed out to interested member5 of the public. Such preachings previously took place twice a week. but have been of necessity curtailed due to the pandemic, and will be fully resumed when conditions permit. In addition, members of the congregation have, made a donation of food boxes to a local Housing Association to assist with persons in need. An expansion of public benefit artniities may be anticipate(I when the conditions from the pandemic ease. In carrying out this work, the congregation considers Itself to be Iwing out its faith in prartice, as particularly exemplified in the following extrart from the schedule to the Trust Deed on living a Christian Lrfe-. We seek and are encouraged to live exemplary lives in all our relationships with others in the wider communty lincluding former Brethren). in accordance with the teachings of Hoty Scripture11 Tim 2:21 We regularly go out from our homes to preach on the streets, to (listribute Christian literature and engage with the wider community (including former Brethren) in order to present eternal salvation, available to all men by faith in Jesus Christ.12 rim 4=21.
Page 4 ST. AUSTELL GOSPEL TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED readin theG el messa e and the life of a Christian Continued We seek as members of the public to lead Christian lives as husbands and wives, parents, children. employers, employees and neighbours. (Col 3-22-25. Col 4.11. The preservation and protertion of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127.3-51. The elderly are valued members of the communwty, for whom both their family and the wider community are expected to care. Holy Scripture commands us to be good neighbours to others, and deal with all other people (including fomier Brethren) openly, honestly and fairly and consistent with these principles, we should give our time. talents and money to assist those in need in the wider community. in so far as reasonable given our abilities an(1 our available resources. (Matt 7.12, Matt 22-39, Eph 4.281. Volunteers St. Austell Gospel Trust relies on volunteers to carry out the management, administration and, where appropriate. general maintenance work. The Trust has no p3id staff or paid Trustees. Fundin Funding is sought through gtfts and donation5 from the congregation. Grants are sometimes received from other charitable trusts with complementary objectives. Grft aid is also claimed on relevant gifts. Financial review Financlal osltion In the Year ended 5 April 2021 the Trust had a surplLES amounting to £19,564 of Incoming Resources against Resources Expended on General Fund (after Depreciation charged of £94,566),. and a further surplus of £15,465 on the Designated Fund. Total voluntary Income reiVed this Year was £204,884 compared to £109,225 in the Year to 5 April 2020. Monies held on Bank Accounts at the year end totalled £281,646. All Furt(Is held were Unrestricted Funds. Reseryes The Trustees have considered the level of reservestheywi5h to retain, appropriate to the charity'5 need5. This is based on the charity's size and the level of financial commitments. The Trustees have a programme of raising further funds by way of donations and collertions, and if necessary loans, in order to fund intended projects. and to facilitate repayment of existing lending. The congregation is kept regularly informed of needs accordingly. Free reserves at the year end were £252,055. Plans for Future Periods The Trust plan5 to continue all the current activtties. At the Par Moor Road site, there are proposals, subject to planning pennission, for the provision of a further permanent Local hall at a budgeted cost of approximatety £250.000, and of possible development which will come under further consideration. This would be scheduled over the next several years. Also, the construction of a permanent Meeting Hall is envisaged on Land at Tre-wyn, Treverbyn Road, St. Austell, which is budgeted to cost in the region of £300,000. and Tnay now be considered over a 5 year time scale. In the longer term. the Hall at Robartes Place. St. Austell may also be considered for sale. From 18 March 2020. St. Austell Gospel Trust ceased using the Halls, which it operates. This was a SuIt of the global Covid-19 pandemic and the general lockdown imposed by the Government on 23 March 2020. The Trust aims to use the Gospel Halls again once the general lockdown is lifted and it is deeTned safe to do so. The Trustees do not considerthatthe Covid-19 pandemic will have any effect on the ability of the Trust to continue as a going concern.
Page 5 ST. AUSTELL GOSPEL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED Statement of Trusteeg Res nsibilitie5 The Trustees a 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 Prarticel. The law applicable to charities in England and Wales. the Charitie5 Act 2011, Charty (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 sOUrceS and application of resources. including the income and expenditure, of the charty for that period. In preparing those Financial Statements. the Trustees are required to select suitable accounting policies and then apply them consistently: obseNe the methods and principles in the Charity SORP: make judgements and estimates that are reawnable and prudent. prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charty will continue in business. The Trustees are responsible for keeping proper atcourrting records which disclose with reasonable accuracy at any time the financial posstion of the Charity and to enable them to ensure thatthe Financial Statements comply with the Charities Act 2011, the Chartty (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also sponsIble 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- Trustee 20th September 2021
Page 6 THE INDEPENDEMf EXAMINER'S REPORTTO THETRUSTEES OF ST. AUSTELL GOSPEL TRUST TH FOR THE YEAR ENDED 5 APRIL 2021 I report to the Trustee5 on my examination of the accounts of St. Austell Gospel Trust forthe year ended 5 April 2021, which are set out on pages 7 to 13, and on the Trustees, Report for the year comprising Pages 2to S. RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Charivs Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ltthe Act'l. I report in respert of my examination of the TrusY5 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 14515llbl of the Act. BASIS OFTHE 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 charwty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disc105ures in the accounts, and seeking explanati011s from you as Trustees Conrning any such matters. The procedures undertaken do not provide all the evidence that would be requrred in an audit and ¢onsequently no opinion is given as to whether the accounts present a 'true and fair vieW and the report is limited to those matters set OLrt in the statements below. INDEPENDENT EXAMINER'S STATEMEl+lT I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination giving me cause to believe that in any material respert: 11 Aecounting records were not kept in respect of the Trust as required by sertion 130 of the Art,- or 21 The accounts do not accord with those records; or 31 The accounts do not comply with the applicable reqU1MentS concerning the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than anv requirementthatthe account5 give a 'true and fairVie which is not a matter considered at part of an independent examination. I have no concern5 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 account5 to be reached. Keith F. Pavey, Broadoak Accounting Services, 6 The Oaks, Wembdon Rise, Bridgwater, SomerseL TA6 7QL. Date.. lkn 2oZI
Page 7 ST. AUSTELL GOSPEL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5- APRIL 2021 Year to 05.04.2021 Designated Fund Year to 05.04.2020 Total ALL ITEMS RELATE TO uNREsTRlED General Fund Total INCOME FROM Collections and Donations (Excl. Gift-Aidedl 33,855 Contributions from the Congregation 23,500 Gift-Aid Donations 28,656 Tax Refunds on Gift-Aid 7,164 Payroll Giving 5.049 Gifts- Other Church Gatherings Legacy Burial Fees Interest Received 5CKJ 20,265 5,000 1,250 34.355 43,765 33.656 8,414 5,049 32.180 29,525 33,409 8,352 3,559 2,200 79,645 4.400 43 79,645 4,400 43 10,550 76 TOTAL INCOMING RESOURCES 182.312 27,015 209,327 119,851 RESOURCES EXPENDED mEING HALL RUNNING cosrs Water and Sewerage Light and Heat Repair5, Cleaning and Consumables Equipment Renewal Telephone and Internet Insurance Professional Expenses Burial Ground Costs Sundry Expenses Depreciation 567 6.154 16,863 31.058 996 1.928 1,569 1.659 357 94.566 567 6,154 16.863 31,058 996 1.928 1,569 1.659 357 94,566 464 16,094 25,122 1,318 1,890 2,976 3.586 240 96.400 155.717 155,717 148,090 OTHER CHARITABLE AcnviTIES Congregation Support Trarts and Publications 11,550 11,550 357 GOVERNAN AND SUPPORT cosrs Accountancy and Independent Examiner Book-Keeping Professional Support Stationery and Computer Costs 2,145 1,414 1,470 2,002 2,145 1,414 1,470 2.LK)2 2.295 2,316 1,250 1.937 TOTAL RESOURCES EXPENDED 162,748 11,550 174,298 156,245 NET SURPLU DEFICI FOR THE YEAR 19,564 15.465 35,029 136,3941 TOTAL FUhlDS BROUGHT FORW RD 1,931,447 1,931,447 1,967,841 TOTAL FUNDS CARRIED FORWARD 1,951,011 15,465 1.966.476 1,931,447 The notes on pages 9 to 13 form a part of these Financial Statements. All of the above artivities are classed as continuing an(1 the a no gains or losses other than those iftcluded above.
Page 8 ST. AUSTELL GOSPEL TRusr TY BALANCE SHE AS AT 5 APRIL 2021 Asat 05.04.2021 Asat 05.04.2020 Notes TANGIBLE FIXED ASss Freehold Pro and Land At Por Moor Road, St. Austell At Robartes Place, St. Austell At Tre Wyn, Treverbyn Road, St. Austell Portacal>in Buildin 1.5&2 1,523,875 216,227 72.770 1.602,715 221,943 75,057 15,539 17,759 Furniture rrttin andE ui ment 16,510 22.013 Totsl Flxed Assets 1,844,921 1,939.487 CURREf+JT ASSETS Stock of Fuel Debtor5 Prepayments Bank Accounts 750 12.161 4,212 281,646 1,049 9,681 3,887 198,463 298,769 213,080 LESS: CURRENT LIABILITIES- Due within One Year Creditors Accruals Unsecured Loan 1,964 3,150 41,6 7,650 3,420 33,000 46,714 44,070 NET CURRENT ASSErs 252.055 169,010 TOTAL ASSEtS LESS CURRENT LIABILME 2,096,976 2,108,497 LESS: UABILrriES DUE AER MORE THAN ONE YEAR Unsecured Loan 1130,5001 1177,0501 NET ASSErs 1,966.476 1.931,447 Represented by:_ FUNDS- UNREsfRicfED FUNDS General Fund Designated Fund 1.951,011 15,465 1,931,447 Closin Balance 1.966,476 1.931,447 The Unaudited Financial Statements were approved and authorised for issue by the Trustees of St. Austell Gospel Trust on the undermentioned date, and were signed on their behalf by Trustee Date The Note5 on Pages 9 to 13 form a part of these Financial Statements.
Page 9 sr. AusfELL GOSPEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 ACCOUNTING POLICIES 1.1 Basis of Financial Statements The Financial Statements have been prepared in accordance with the Statement of Recommended Prartice.. Accounting and Reporting by Chartties preparing their Accounts in accordance wrfch the Financial Reporting Standard applicable in the UK and Republic of I13nd IFRS 1021 issued on 16, July 2014, and incorporating update bulletins l and 2: and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practice. The functional currency of the Charity is Sterling 1£). The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transartion value unless otherwise stated in the relevant accountirig policy notes. 1.2 Incomin Resources Donations are recognised in the Year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. IncorDe is only deferred when the Charity has tofulfil conditions befo becoming entitled to it or where the donor has specified thatthe income isto be expended in a future vear. Gift-aid is added to the value of the donations to which it relates. Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offertheirservices and support pro bono. The value of these donated seNices tothe St. Austell Gospel Trust 15 considered to be equal to market value which would be paid were the services formal procured. Investment Income is accounted for on a receivable basis. 1.3 Resources Ex ended Expenditure is included on an accruals basis. Liabilitie5 are recognised as soon as the is a legal or constructive obligation committing the charity to pay out resources. Charitable activities comprise those costs directty attributable to the fulfilment of the Charitable objects. 1.4 Governance and Su ort costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountabiltty of the Chartty and costs related to statutory requirements. Governance and support costs are allocated to charitable artivities on the basis of capacity used. 1.5 Tan ible Fixed Assets and De Freehold Pro Tangible Fixed Assets are stated at cost less depciation. Freehold Land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over Tts expected useful life as follows:_ reciation Freehold Property- Par Moor Road 5% per annum- Straight line basis Robartes Place 3% per annum- Straight line basis Treverbyn Road IIYA per annum- Straight line basis Portacabin Building 20% per annum-straight line basis Furniture, Fittings and Equipment 25% per annum- Reducing balance basis 1.6 Taxation The Trust is a registered Chartty and is not liable to United Kingdom taxation on charitable activrties, provided Income falls wtthin the Charitsble exemptions and is spent on charitable purposes.
Page 10 sr. AusfELL GOSPEL TRU NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED ACCOUNTING POLiaES 1.7 Funds The General Unrestricted Fund is free for the Trustees to use for any purpose in furtherance of the Trusvs charitable objects. A Designated Fund has also been established for which relevant figures are stated on page 7. There are no funds restricted to specific purposes. 1.8 Goin Concern The Trustees consider that there are no material uncertainties about the charitvs ability to continue as a going concert). 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 liabilitie5 Wlthin the next reporting per40d. From 18 March 2020, theTrustteMporarilyaSed using the Gospel Halls which is operates, due tothe global Covid-19 pandemic. and the general lockdown imposed by the Government. The Tmstees do not consider that the Covid-19 pandemic will have any effect on the ability of the Tnjst to continue as a going concern. 2. TANGIBLE FIXED ASSErs lal Thi5 Comprises:_ CONTINUED Freehold Land and Pro Furniture, Fittings and ui Portacabin Buildin Total COST As at 06.04.2020 Additions in Year 2,518,409 22.199 154,224 2,694,832 As at 05.04.2021 2,518,409 22.199 154,224 2,694,832 DEPRECIATION As at 06.04.2020 Charge for Year 618,694 86,843 132,211 5.503 755,345 94.566 2,220 As at 05.04.2021 705,537 6,660 137,714 849,911 NET BOOK VALUE As at 05.04.2021 1.812,872 15,539 16,510 1,844,921 As at 05.04.2020 1,899,715 17,759 22,013 1,939,487 Ibl The Book Value of Freehold Land and Pro is summarised Meeting Hall Par MoorRoad. St. Austell Meeting Hall Meeting Hall Robartes Place, Treverbyn Road St. Austell St. Austell Total COST As at 06.04.2020 and As at 05.04.2021 2,174,952 250.523 92,934 2.518,409 DEPRECIATION As at 06.04.2020 Charge for Year 572,237 78.840 28,580 5.716 17,877 2,287 618,694 86,843 As at 05.04.2021 651,077 34,296 20,164 705,537 NET BOOK VALUE As at 05.04.2021 1,523,875 216,227 72.770 1,812,872 A5 at 05.04.2020 1.602,715 221.943 75,057 1,899,715
Page 11 sr. AUSTELLGOSPEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED Icl Land Re "st Te Numbers of the Freehold Pro owned are as follow5: Par Moor Road, St. Austell: CL248188; CL252468 and CL245568 Robartes Place. St. Austell: Number not currently allocated. Treverbyn Road, St. Austell: CL310364 (The Hall at this site is currently of a temporary nature) 3. LIABILITIES- UNSECURED LOAN The Trust has received an interest free Loan as below. The Central G.H. Trust 15 a charitable Trust with parallel objectives. but seNing a wider geogrdphic area. The Loan comprise5- At 05.04.2021 At 05.04.2020 Central G.H. Trust 172,100 210.050 The above lendin issu ectt re ntas Ilows Within One Year In Years 2 to 5 After More than 5 Years 41,600 130,500 33,000 132,000 45,050 172,100 210.050 4. TRUSTEES. REMUNERATION AND EXPENSES No Trustee recewed any remuneration or other beneffts for services rendered in this year or in the preceding period. Expenses incurred were reimbursed. if applicable, at cost. with no benefrt whatsoever arising to the recipient. 5. EMPLOYEES The Trust had No Employees in this year or the preceding year. 6. VOLUNTEERS The Trust relies on volunteers to carry out Management, AdministratiorF and certain Maintenano work. 7. INDEPENDETr EXAMINER'S FEES Year to 05.04.2021 Yearto 05.04.2020 These were: 2.145 2,295 8. t)ONATED SERVICES There were no donated services expended in this year or the preceding year. 9. RESOURCES EXPENDED These were: Year to 05.04.2021 Other Charitable Artivities Meeting Hall Running Costs Year to 05.04.2020 Total Direct Costs Support Costs Governance Costs 155,717 4,886 2,145 11,550 167,267 4.886 2,145 148.447 5,503 2,295 162.748 11.550 174,298 156,245 Full Detsil is gtven on Page 7
Page 12 ST. AusfELL GOSPEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED 10. ANALYSIS OF NET ASSEfs BEfwEEN FUNDS General Unrestricted Fund Designated Fund Total Funds AS AT 5- APRIL 2021 Tangible Fixed Assets Current Assets Current Liabilities Liabilities Due after More than One Year 1,844,921 283,304 146,7141 1130,5CK)I 1,844,921 298,769 146,7141 1130.5001 15,465 Total Funds 1.951,011 15,465 1.966,476 AS AT 5- APRIL 2020 Tangible Fixed Assets Current Assets Current Liabilities Liabilities Due after More than One Year 1,939,487 213,080 144.0701 1177.0501 1.939,487 213,080 144,0701 1177,0501 Totsl Funds 1.931,447 1,931,447 There were No Designated Funds at S April 2020. There were No Restricted Funds at any time in the 2 Years to 5 April 2021. 11. MOVEMENTS IN FUNDS Opening Balance Incoming Resources Resources ended Closing Balan YEAR TO 5- APRIL 2021 Unrestricted Funds General Fund Designated Fund 1.931.447 182,312 27,015 1162.7481 111,5501 1,951,011 15,465 Total Funds 1.931A47 209.327 1174,2981 1,966,476 YEAR TO 5- APRIL 2020 Unrestricted Funds General Fund 1,967,841 119.851 1156,2451 1,931,447 Total Funds 1,967,841 119,851 1156,2451 1,931.447 There were No Designated Funds in the Yearto 5 April 2020. There were No Restricted Funds at any time in the 2 Years to 5 April 2021.
Page 13 ST. AUSTELL GOSPEL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2021 CONTINUED 12. posr BALANCE SHEET EVENTS. CAPITAL COMMtrMENTS AND FUTURE PLANS No significant Post Balance Sheet Events have arisen, and no Capf(al Commitments have been entered into. At the Par Moor Road site. there are proposals. subject to planning permission, for the provision of a further permanent Local hall at a budgeted cost of approximately £250.000, and of possible development which will come under further consideration. This would be scheduled over the next several years. Also. the construttion of a permanent Meeting Hall is envisaged on Land at Tre-wyn. Trevelyan Road. St. Au5tell, at a budgeted cost of £300,000 approximately, and may now be considered over a 5 year time scale. In the longer temi, the Hall at Robartes Place St. Austell may also be considered for sale. 13. RELATED PARTY TRANSAcfioNS Payments were made as follows.- Yearto 05.04.2021 Year to 05.04.2020 To the Business of In which the following Trustee was a artici ator'.- A.C. Global Ltd Mr. Kenneth A. Glazebrook Cornish Industrial Supplies Ltd Mr. Bruce Munn Kernow Fixings Ltd Mr. Nathan Prisgrove Nine Group International Mr. Karl Glazebrook 79 71 359 773 3,143 342 91 799 The above expenses were provided at cost by the Businesses concerned. wrthout any Profft element. Expenses were also reimbursed as stated in Note 4. Donations were received from Trustees and parties connected thereto. in the following totals: Year to 05.04.2021 Year to 05.04.2020 31.542 29,260