Trustees Report & Audited Financial Statements Stafford Gospel Hall Trust For the year ended 5 April 2024 Contents Legal and Administrative Information Report of the Trustees Independent auditor's report to the Trustees of Stafford Gospel Hall Trust li Statement of Financial Activities 12 Balance Sheet 13 Notes forming part of the Financial Statements 21 Analysis of Net Assets- Currentyear 22 Analysis of Net Assets- Prioryear 23 Movement in Funds- Current Year 24 Movement in Funds- Prior Year 25 Comparative Statement of Financial Activities Trustees Report&Audited FinanclalStat&ments Stafford Gospel Hall Trust 30 Jan 2025 Page 2 of 25 Legal and Administrative Information Stafford Gospel Hall Trust For the year ended 5 April 2024 Charity Name: Stafford Gospel Hall Trust Registered Charity Number: 1159523 Trustees: Mr Keith Brewer (Chairl Mr Gerrard Gates (Resigned 18.09.20241 Mr Robin Mcmullan (Resigned 18.09.20241 MrAdrian Pittock Mr Grant Godwin Mr Rolf Mcmullan (Appointed 18.09.20241 Mr Bruce Bricknell (Appointed 18.09.20241 Trustees holdingtltleto property belonglng to the charity: Adrian Pittock, Grant Godwin. Keith Brewer, Robin Mcmullan, Gerrard Gates Treasurer: Mr Keith Brewer Principle Addre55: Brethren Gospel Hall, New Road, Hixon, Stafford, ST18 OPJ Auditors: Dr Joanna Ayling Dr J R Ayling BSC FCA 8 Troutbeck Avenue Leamington Spa CV32 6NE Accountant: Oldfield Advisory LLP 1120 Elliott Court Coventry CV56UB Bankers: National Westminster Bank Plc, 41 Greengate Street. stafford, Staffordshire. ST16 2JA Trustses Report&Audited Financial Statements Stsfford Gospel MallTru5t 30 Jan 2025 Page3of25 Report of the Trustees Stafford Gospel Hall Trust Forthe year ended 5 April 2024 The trustees present their report along with the financial statements of the Charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page5 13-14 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 25 March 1983, most recently amended by Deed of Variation dated 08 August 2014. The trust was registered with the Charity Commission for England and Wales on 08 December 2014 under Charity Registration Number: 1159523 Recruitment and appointment of new Trustees The Trustees who have 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 2024. 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. The Charity asso maintains particular links with Chase Gospel Hall Trust with which it shares members of its congregation. Chase Gospel Hall Trust has no income but incurs expenses relating to the maintenance of its property- Stafford Gospel Hall Trust pays these expenses by way of donated seNices to Chase Gospel Hall Trust. Risk Management The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established 5yStems 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 forthe 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 Ithe"Brethren"l 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 Twstees 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. Trustee5 Report&Audited Finan¢lalStatements Stafford Gospel HallTrusf 30 Jan 2025 Page4of25 Report oftheTrustees During the year, Stafford Gospel Hall Trust had members of the congregation take part in a number of public benefit activities. These included donating Gospel tracts to Stafford Prison for distribution to prisoners and having members of the congregation attend regular open air preachings. Members of the congregation have also worked closely with a separate charity, the RRT, in providing food boxes to those in need, as well as volunteering at RRT events which have provided meals to emergency services. Details of public benefit activities carried out by the Stafford Gospel Hall Trust can be found in the appendix to this report. Main activities 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 Dn the webslte- www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed. The Trust's main activities and achievements in the year included the completion of the hall at the Hixon site for use by members of the congregation. 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 350 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 displaythis 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 carrying out this work, the congregation considers itself to be living out its faith in practice, 35 particularly exemplified in the following extractfrom the schedule to the Trust Deed on living a Christian life.. We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy Scripture11 Tim 2-21. We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage with the wider community (including former Brethren) in orderto present eternal salvation, available to all men by faith in Jesus Christ. 12 Tim 4-21. We seek as mernbers 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 protection of the family unit is fundamental and children are prized as a blessing from God. IPsalm 127-3-51. The elderly are valued members of the community, for whom both theirfamily 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 former 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 widercommunity, in 50 far as reasonable given our abilities and our available resources. Imatt 7.12, Matt22'.39, Eph4'.281. Trustees Report&Audited Financial Stateinènts Stafford Gospel Hall TN5t 30Jan 2025 Pagès of 25 Reportof the Trustees Funding Funding 15 sought through gifts from the congregation and GiftAid is claimed on eligible donations. Funding is sometimes received from other charitable tnjsts with complementary objectives. The Charity had received restricted funds which had arisen as a result of a funds appeal for the purpose of purehasing land and constructing a new gospel hall at New Road, Hixon, Stafford, from which it will continue to carry out its charitable purposes. The construction of the new gospel hall has been completed and has utilised restricted funds resulting in the restricted fund being reduced to £nil at the year end. Financial Review In the year ended 5 April 2024 the Trust had a surplLts of incoming resources over resources expended. Total voluntary income received this year was £450,395 compared to £50,329 in the previous year. At the end ofthe reporting period. the trust had total funds of £2,329,03412023'. 2,992,883,) I're-stated. see note 21. Reserves Policy The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees aim for the Charity to hold approximately £25,000 in a current account to meet the day to day expenses, plus an allowance for any urgent repairs and capital expenses. The Trustees will endeavour not to set aside funds unnecessarily although the Trustees are accumulating reserves for the ongoing landscaping and ground works. Free reseryes accumulated in excess of the minimum will be used at the discretion of the Trustees for the strategic development of Stafford Gospel Hall Trust. 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. Free Reserves at the year end were £8,51012023.' £1,047,166.) I're-stated, see note 21 Fund-raising standards Information The charity does not carry out significant fundraising activites. Trustees Report&Audited Financial Staternents Stafford Gospel HallTwst 30 Jan 2025 Page6 Of 25 ReportoftheTrusEees Statement of Trustees Responsibilities The trustees are responsible for preparingthe Report of the Trustee5 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 yearwhich give a tme and fair view of the state of affairs of the Charity and Of the incoming resources and application of resources, includingthe income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently> observe the methods and principles in the Charity SORP IFRS 1021., makejudgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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 the b03rd'. Mr Keith Brewer (Trusteel Date TwsteesReptsrt&Audited Financialstaternents Stafford Gospel Mall Trust 30 Jan 2025 Page 7 of25 Independent auditor's report to the Trustees of Stafford Gospel Hall Trust Stafford Gospel Hall Trust Forthe year ended 5 April 2024 Opinion I have audited the financial statements of Stafford Gospel Hall Trust I'the charity'l forthe year ended S April 2024 which comprise the statement of financial activities, the balance sheet, and notes to the f1nancial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practicel. In my opinion, the financi31 statements: give a true and fair view of the state of the charity's affairs as at5 April 2024 and of its incoming re50urce5 and application of resources for the year then ended. have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting Practice. and have been prepared in accordance with the requirements ofthe CharitiesAct 2011 Basis for opinion I conducted my audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. My responsibilities underthose standards are further described in the Auditor's responsibilities forthe audit of the financial statements section of my report. l am independent of the charity in accordance with the ethical requirements that are relevant to my audit of the financial statements in the UK, including the FRC'S Ethical Standard and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe thatthe audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Other matter I draw attention to the fact that the financial statements for the year ended S April 2023 are unaudited. My opinion is not modified in respect of this matter. Conclusions relating to going concern In auditing the financial statements, I have concluded thatthe trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties re13tingto events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. My responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report, including the trustees, report, other than the financial statements and my auditor's report thereon. The trustees are responsible forthe other information contained within the annual report. My opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly ststed in my report, I do not expre55 any form of assurance conclusion thereon. My responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or my knowledge obtained in the course of the audit. or otherwise appears to be Trustees Report&Audited Financlal Statements 5tafford Gospel Hall Trust 30Jan 2025 PagÈ8of 25 IndepQndentaUd￿01's reporttotheTrusteès of Stèfford Gospel Hall Trust materially misstated. If i identify such material inconsistencies or app3rent material misstatements, l am required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work I have performed, I conclude that there is a material misstatement of this other information. l am required to report that fact. I have nothing to Teport in this regard. Matters on which l am required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, I have not identified material misstatements in the tTUStees' report. I have nothingto report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require me to report to you if, in my opinion: the information given in the trustees, report is inconsistent in any material respect with the financial statements,. or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records,. or I have not received all the information and explanations I require for my audit. Responsibilities of trustees As explained more fully in the tru5tees' responsibilities statement set out on page 7, the trustees are responsible forthe preparation of the financial statements and for beingsatisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial staternents that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operatlOn5, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements I have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi5Statement, whether due to fraud or error, and to issue an auditor's repDrtthat includes my opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. I design procedures in line with my responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extentto which my procedures are capable of deteeting irregularities, including fraud is detailed below: l obtained an understanding of the legal and regulatory frameworks within which the charity operate5, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosure in the financial statements. The laws and regulations I considered in this context were The Charities Act 2011 and the Charities SORP IFRS10212019.1 assessed the required compliance with these laws as part of my audit procedures on the related financial statement items. l identified the greatest risk of material impact on the financial statements from irregularitie5, including fraud, to be from the timing of donated income, the accounting treatment of the restricted fund and tangible fixed assets, and the override of controls by management includingthrough significant estimates and judgements. Trustses RÈport&Audlfed FlThancial Statèments 5tafford Gospel HallTrust 30 Jan 20 Page9 of25 Independentauditor's reportta theTrustees of Stsfford Gospel Hall Trust My audit procedures to respond to these risks included enquiries of management, sample testing on the posting of invoices and journals, evaluating accounting treatments of material areas, reviewing accounting estimates and judgements for biases and reading minutes of meetings for those charged with governance. Because of the inherent limitations of an audit. there is a risk that I will not detect all irregularities, including those leadingto a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as I will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation. A further description of my responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of my auditor's report. Use of my report This report is made solely to the charity's trustees, as a body> in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My audit work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my audit work. for this report, or for the opinions I have formed 31 January 2025 DrJoanna Ayling. Statutory Auditor Dr J R Ayling Bsc FCA 8 Troutbeck Avenue Leamington Spa Warwickshire CV32 6NE Date DrJ RAyling BSC FCA is eligible for appointment as auditor of the charityby virtue of its eligibilityforappointment fls auditor ofa compuny undersection 1212 olthe CompaniesAct2005. Trustees Report&Audited FlnancSalStattments stsfford Gospel Hall Trust 30 Jan 2025 Pagelo of 25 Statement of Financial Activities Stafford Gospel Hall Trust Forthe year ended 5 April 2024 TOTAL 2023 I'RE-STATEO, 140TE UNRESTRICTED FUND5 DESIGNATED FVNDS RESTRICTED FUNDS TOTAL2024 Income and endowments: Donations and Le acies Contributions from the Congregation Donations received- Gift Aid 50,550 50,550 28,568 42,961 42,986 7,724 Donations received- Non-Gift Aid 29.133 24L,280 270,413 9,250 Payroll giving Income Tax refunds 699 699 3.100 10,740 10.747 1,687 Grants Received (note 31 Totsl Donations and Legacies 75.000 370,680 75.000 450,395 Investments Interest Received Total Investrnents 2,892 2,892 2,892 2,892 1,725 other Income Miscellaneous Income Total Other Income 32 32 102 32 102 Total Income and endowments: 82,639 370,680 4S3,319 S2,156 enditure: Meeting room5 & othercharitable activities (note 41 Cost of donated seNices (note 51 Total Expenditure: 83,455 15.4231 78,032 83,455 72,926. 7,550. 80,476. 15,4231 78,032 Net IncomellExpenditurel 4,607 370.680 375.287 128,3201. Other Movements Tran5fer5 between funds (note 16.11 Othergains I Ilossesl- Impairment (note 61 370,680 11.039.136> 1370,6801 11,039,136) 9.573. Net Movement In Funds 1663,8491 1663,8491 118,7471" TOTAL 1023 I'RE-STATED, NOTE UNRESTRICTED FVNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL2024 Reconciliation of funds (note 151 Total Funds bought forward las ￿-Stated, note 21 Net movement in funds 2,992.883 1663,8491 2,329,034 2,992,883. 1663,8491 2,329,034 3,OLL,630' 118.7471. 2,992,883. Total Fund5cartled forward The note5 on page 13- 25 form part of these financial statements. Trustees Report&Audited Financialstatements Stsfford Gospel Hall Trust 30Jan 2025 Page li of 25 Balance Sheet Stafford Gospel Hall Trust As at 5 April 2024 2023 I'RE-STATEO, NOTE 2024 Fixed Assets Yangible assets (note 61 Investrnents (note 71 Total Fixed knsets 2,320,522 1,945,715" 2,320,524 1,945,717. Current assets Amounts owed by group and associated undertakings (note 81 Prepayrnents and accrued income (note 81 Cash at bank and in hand 21.668* 5,704 11,951° 82,715 1.030.483 Total Current assets 88,419 1,064,102. Creditors: amounts fallin Trade creditors due within one ear note 9 6,300" Atnounts owed to group undertakings Accrua15 and deferred income 59,941 9,848 2,201 8.501" Total Creditors: amounts falling due within orte year (note 91 69,789 Net current assetsllliabilitiesl 18,630 1,055,601* Total assets less current liabilitie5 2.339,154 3,001,318" Provisions note 101 Provi5i0ns 10,120 8,435" 8,435. rotal Provisions (note 101 10,120 Net Assets 2,329,034 2,992,883. Funds (note 151 Unre5tritted funds 2,329,034 2,992,883" Total Funds 2,329,034 2,992,883* The unaudited ina tatements were approved and authorised for issue by the Trustees of Stafford Gospel Hall Trust on .and were signed on its behalf by.. Mr Keith Brewer (Trusteel The notes on pages 13- 25 form partof thesefiThancial statements. Trustees Report&Audited Flnantlalstatements 5tafford Gospel HallTrust 30Jan 2025 Page12of25 Notes forming part of the Financial Statements Stafford Gospel Hall Trust For the year ended 5 April 2024 I. 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 IFRS 1021 issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practice and the Charities Act 2011. The functional currency of the charity is sterling (£1. The Trust meets the definition of a put)lic benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless OtheNise stated in the relevant accounting policy notelsl. 1.2 Income Contributions from the congregation and 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 orwhere the donor has specified thatthe income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates. Grant income is recognised as income in the financial statements when the trust receives halls orother grant income from related charities. 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. The cost of charitable activities is those costs directly attributable to the fulfilment of the charitable objects. 1.4 Governance and support costs Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Support costs are allocated to the primary activity of the trust beingthe provision of meeting halls. 1.5 Tangible fixed assets and depreciation Tangible fixed assets (costing more than £IOOI are stated at cost less depreciation. Freehold land and asset5 under construction are 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 follow5: Freehold buildings 2% straight line Property improvements 2% straight line Fixtures and Fittings IO% reducing balance Computer equipment IO% reducing balance Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such an indication exists, the recoverable amount of the asset is estimated and compared to the tarrying amount. Where the carrying amount exceeds its recoverable amount, an impairment10ss is recognised in the Statement of Financial Activities unless the a55et is carried at a revalued amount where the impairment loss is a revaluation decrease. TrusteesReport&Audited Financial Statements 5tafford Gospel Hall Trust 30 Jan 2025 Page 13 of 25 Notesforming partofthe Financial Statements 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 abovt the charity's ability to continue as a going concern. 1.9 Significant estimates and judgements The followingjudgements (apart from those involving estimatesl have been made in the process of applying the above accounting policies that have had the m05t significant effect on amounts recognised in the financial statements. The trustees have had the properties of the trust revalued which has fesulted in signficant impairments losses that have resulted in material adjustments to the carrying amounts of the assets. 1.10 Provisions Provisions are recognised where the trust deems there to be a likely obligation to settle an amount that can be estimated reliably. Provisions are assessed as of each reporting date. 1.11 Debtors Debtors are recognised atthe settlement amount due. Prepayments are valued at the amount prepaid, and accrued income is included at the best estimate of the amounts receivable at the balance sheet date. 1.12 Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will likely result in the transfer of funds to a third party, and the amount due to settle the obligation can be estimated reliably. 1.13 Investments Investments are recognised at theirtransaction value. Where the investment consists of shares in the trading subsidi3ry, the investments are carried at cost. 2. PRIOR YEARADJUSTMENTS A number of figures previously reported in the financial statements for the yearended 5 April 2023 have been re-stated as follows.. Previously reported expenditure on meeting rooms and other charitable activities of £72,036 omitted to include a provision for utilities not being billed for the Acton Gate property. These have been included at a value of £1,690 for the year ended 5 April 2023. There were also two amounts related to repairs and maintenance and health and safety totalling £5,541 relating to 2023 expenditure which were omitted. Depreciation has been re-stated at £21,138 due to reclassification of the Hixon site as an asset under construction in the year ended 5 April 2023. Previously reported donated services of £6,790 omitted to include a transaction of £760 that had been recognised in the following year but which related to 2023. Restated donated services are £7,550. Total expenditure has been re-sLited at £80,476 Ipreviously £78,826). Trustee5 Report&Audited Flnancial Staternènts Stafford Gospel HallTrust 30 Jan 20 Page 14of25 Notes Forming partofthe Flnancial Statements Other movements were previously omitted. These included a restatement of restricted funds in the year ended 5 April 2018 and all subsequent years to reflect the funds having been used for their intended purpose in the period and therefore the balance of restricted funds beingtransferred to unrestricted funds at the year end. The impact on restricted funds at 5 April 2023 was a restatement of £nil (previously £954,786). Also included under other movements is other gains I Ilossesl on impairment restated as £9.573 reflecting an impairment reversal for the Acton Gate property. The net impact of the above changes is a re-statement of the net movement in funds to a deficit of £18,747 Ipreviously a deficit of £26.6701. Total funds brought forward from year ended 5 April 2022 have been restated to reflect a number of corrections. These are as follows.. The inclusion of the value of investments in subsidiaries of £2 to reflect beneficial interest of shares held by the trust in Greenmere Ltd The reversal of depreciation charged on the Hixon site as it was not in use in the prioryears. amount of £15,650 The inclusion of a provision for utility costs relating to Acton Gate which are yet unbilled1£6,7451 An impairment adjustment relating to Acton Gate. amount of £264,939, following valuation of the site These adjustments totaled £256.032 leaving a re-stated funds brought forward figure of £3,011,630 Ipreviously £3,267,662). The net effect of the above re-statements is a funds carried forward balance at 5 April 2023 of £2,992,883 (previously £3,240,992). Tangible assets as at 5 April 2023 have been restated to reflectthe above mentioned changes made in 2022, in addition to the reversal of depreciation previously recogniseé on the Hixon site which wasn't yet in use, amount of £6,340. The tangible assets have been re-stated as £1,945,715 Ipreviously £2,189,091). The amount of £21,668 owed to group undertakings has been re-classified as such on the balance sheet (previously L¢nder Other Debtors). Prepayments and accrued income have been restated as £11,951 Ipreviously £1,951) due to the inclusion of a £10,000 impairment provision relating to the kntswn increase in value on the Acton Gate site. Total current assets are therefore re-stated as £1,064,102. Trade creditors have been restated as £6,300 (previously £Nill to reflett invoices dated and received pre year end. Provisions have been reststed as £8,435 to reflect provision for utilities forthe Acton Gate property. Utilities are not currently being billed due to the absence of a contract with an energy and water provider (previously £Nill. Total liabilities are re-stated as £16,936. The net effect of the balance sheet re-statements detailed above, is a re-statement of total assets less current liabilities as £2,992,883 (previously £3,240,9921. 2024 2023 3. Grants: Grants Recelved from.. Central Gospel Hall Trust Total Grants Received: 75.000 TrusteesReport&Audited Financial Ststements Stafford Gospel Hall Trust 30 Jan 2025 Page 15 of Notesforming part of the financial Statements 2023 I'RE-STATED, NOTE 2014 4. Resources Ex ended Runnin meetin rooms Runnin meetin rooms Premises C05ts- repair5 and maintenance Premises costs- heat, light and power Telephone Health & Safety 6,028 11,445* 30,415 2,443 14.589* 2,226 8,239 12.847* Insurance 2,877 1,799 42,906* Total Runnlng meetlng rooms Su ort costs Legal and professional Depreciation Governance 4,008 23,423 6,170 21,138* 950 5,718 33,149 Total Support costs 28,258* Total Running meeting rooms 83,151 71,164* Public outreach expenses Total Resourees Expended 304 l.762 83,455 72,926* Governance costs include £2,95012023.' £nill in respect of the audit fee. No other fees were payable to the auditor12023- £nill. Governance costs for 2023 include £180 in respect of the independent examiners, fees. Other fees payable to the independent examiner in 2023 were £946. 5. Donated Services The donated services balance for the yearended 5 April 2024 is the net of donated seryices to a value of £3,166 less an electricity refund of £7,830. 2023 I'RE-STATED, NOTE 2024 Donated Services Donated To: Chase Gospel Hall frust Total Donated Seryices.. 15,4231 15,4231 7.550" 7,550* Analysis provide5 understanding of nature of activities of projects beingfunded. May be based on projects or programmes ndertaken or by type of activity or geographical location of the project being funded. Trustees Report&Auditsd FSnancialStatements stafford Gospel HallTrust 30 Jan 2025 Page l6of25 Notesformingpart ofthe Financial Statements 6. Tangible Fixed Assets Freehold Land & Buildings ('re-stoted, note 21 Asset under construction ['re-stated, note2) l Fixtures & Fittings Computer Equipment Totals ('re-stated. note 2) At 6 April 2023 1,199.681* 1,126,203* 546 2,360,464 Additions 1,425,025 2,340 1,427,365 Disposals Transfer 2,551,228 112.551,2281 At 5 April 2024 3.750,909 34,034 2,886 3,787,829 At 6 April 2023 132,531" 16,605 249 149,385. Current Year Depreciation 21,645 1,743 35 23,423 Eliminated on disposals At 5 April 2024 154,176 18,348 172,808 At 6 April 2023 265,364" 265,364" Increase in the year 1,048,708 1,048,708 Decrease in the year 119,5731 119,5731 At 5 April 2024 1,294,499 1,294,499 At 5 April 2024 2,302,234 15,686 2,602 2,320,522 At S April 2023 801,786. 1,126,203° 17,429 297 1,945,715. Land registrytitles of the above property held are Eccleshall Road SF541897 Baswich SF615852 Hixon SF498322 Acton Gate SF337138 Trustees Report&Audited Financial Statements 5tafford Gospel HallTrust 30 Jan 2025 Page17 of25 Notesformingp3rtof the FinanclalStatÈments 6.1 Fixed Asset Analysis Freehold Land & Building5 Cost Eccleshall Road Acton Gate Baswich Lane Hixon f'as re-st(Tted, see note 2) Totals I'as re-stated, note 21 At 6 April 2023 1 307,707 574,368 317,606 1,199,681 Additions 2,551,228 2,551,228 At5Apri12024 307,707 574,368 317,606 2,551,228 3,750,909 Depreciation At 6 April 2023 36,835 69,004 26,692 132,531. Current Year 4,154 9,573 5,398 2,520 21,645 At 5 April 2024 40,989 78,577 32,090 2,520 154,176 Impalrment At 6 ApTiI 2023 265,364" 265,364. Gains 119,5731 119,5731 Losses 1,048,708 1,048,708 At 5 April 2024 245,791 1,048,708 1,294,499 Net Bookvalue At 5 April 2024 266,718 250,000 285,516 1,500,000 2,302,234 At 5 April 2023 270,872 240,000 290,914 801,786" Freehold land & buildings at 5 April 2024 includes £587,86712023: 232,3881 in respect of land not depreciated. In January 2025 the Trustees undertook professional IRICSI valuations of all theirfreehold properties as at 5 April 2024, 5 April 2023 and 5 April 2022. An impairment loss was subsequently recognised for the Hixon and Acton Gate meeting halls. The loss for Hixon was fully recognised in the year ending 5 April 2024 as the building was not operational at the earlier dates. Forthe Acton Gate hall an impairment10ss of £289,937 was recognised in the year ended 5 April 2022 and £25,000 of impairment reversal income accrued. In the year ended 5 April 2023, impairment losses of £24,573, comprising the depreciation charged in the year ended 5 April 2023 and the release of £15,000 of the income accrued at 5 April 2022, were reversed. These adjustments have been made by way of prior period adjustments, see note 2. The impairment reversal in the year ended 5 April 2024 comprises the depreciation charged in the year plus the release of the remaining £10,000 impairment reversal income accrued. 7. INVESTMENTS The trust holds 100% of voting rights in its subsidiary by virtue of holding IQO% of share capital. 2923 I'RE-STATED, NOTE 2024 Investments Greenmere Ltd Total Investments Trustees Report&Audited Financialstaternents Stafford Gospel HallTrnst 30 Jan 2025 Page 18 of 25 Notesformingp3rtofthe Financial Statements Greenmere Ltdy year ended 5 April 2024 Gross Assets 375,471 Gross Liabilities 1350,3331 Net assets 25,138 Gross income 1,426,248 Cost of sales 11,381,758) Gross Profit 44,490 Admin expenses 152,8861 ILossllProfit forthe year 18,3961 Of the gross income of Greenmere Ltd. £1,425,026 was from Stafford GHT. 8. DEBTORS 2023 I'RE-STATED, NOTE 2024 Debtors Amount5 owed by group and associated undertakirigs Prepayments and accrued income Total Debtors 21,668* 11,951 5,704 5,704 33,619* 9. CREDITORS 2023 I'RE-STATED, NOTE 2024 Creditors: amount5 fallin Trade Creditors due within one ear 6,300 Amountsowed to group undertaking5 Accruals 59,941 9,848 2.201 Total Creditors.. amounts falling duewithin one year 69.789 8.501 Tru5tee5 Report&Audited Financial Statements Stsfford Gospel Hall Trust 30 Jan2025 Page 19 of 25 Notesfomiing part ofthe Financial Statements 10. PROVISIONSAND FUNDING COMMITMENTS A provision has been included for utilities for the property at Acton Gate. This has been included on the basis that there is an ongoing case with National Grid where the electricity meter forthe property is not registered on the national database. neither is the property in a contract with a water provider. il Reconciliation Carrying amount at 6 April 20231're-stated, note 21 8.435" Additions 1,685" Amounts charged against the provision during the period Unused amounts reversed during the period Provision at 5 April 2024 10,120" ill The trust is looking to wot* with the National Grid and Severn Trent to formalise connections within the coming year. Iiil As of the end of the year, the trust had no contract in place with an energy provider orwater provider and therefore it is uncertain when repayments will occur. iv) There are no amounts of expected reimbur5ernent and no asset recognised. 11. TRUSTEES, REMUNERATION AND EXPENSES No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses12023.' none). 12. WAGES AND SALqRIES There are no employees12023'. nonel 13. TRANSACTIONSWITH RELATED PARTIES During the financial year, aggregated donations from related parties of the Trustees of £103,22612023'. £7,502) were received. The trust made no reimbursements to related parties12023: Nonel. The trust also provided support in the form of donated seNices to Chase Gospel Hall Trust of whith Mark Mcmullan Ibrother to Rolf Mcmullan la Trustee) and Robin Mcmullan la previous Trusteell is a trustee. The amount of donated services was-£5,42312023.' £7,550.) I're-stated, note 21. 13.1 TRANSACTIONS WITH GROUP ENTITIES Fixed asset investments of £2 reflect beneficial interest of shares held by the trust in Greenmere Ltd, a trading subsidiary. There is an outstanding balance of £59,941 on a loan from Greenmere Ltd, the charity's trading subsidiary of which Keith Brewer, a trustee, is a director12023'. £21,668 due to Greenmere Ltd). Stafford Gospel Hall Trust procured construction services in respect of their new gospel hall from Greenmere Ltd totalling £1,425,02612023: £460,017) 13.2 CONTRACTUAL COMMITMENTS On 3 March 2020, Greenmere Ltd was contracted by Stafford Gospel Hall Trust to design and build a new meeting hall in Hixon. The contract had no fixed value. Costs incurred under this contract after 5 April 2024 were £82,994 Ic05ts after 5 April 2023- 1,508,019). This commitment will be funded by donations from the congregation received for use on the Hixon project. 14. VOLUNTEERS stsfford 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. Trustees Report&AudSted Financlal Statements stafford Gospel HallTrust 30 Jan 2025 Page 20 of 25 Analysis of Net Assets- Current year Stafford Gospel Hall Trust For the year ended 5 April 2024 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 15.1 Currentyear UNRESTRICTED FUNDS DESIGNATED FVNDS RESTRICTED FUNDS TOTAL FUNDS 2024 Funds Fixed Assets 2,320,524 2.320,524 CurrentAssets 88,419 179,9091 88,419 179,9D91 2,329,034 Total Funds 2,329,034 Trustees Report&Auditsd Flnancialstatements Stafford G05pèI Hall Trust 30Jan 2025 Page21 of25 Analysis of Net Assets- Prioryear Stafford Gospel Hall Trust For the year ended 5 April 2024 15.2 Prior Year UNRESTRICTED FUNDS I'RE-STATED, NOTE RESTRICTED FUNDS I'RE-STATED, NOTE TOTA< FUNDS 2023 I'RE-STATED. NOTE DESIGNATED FVNDS Funds Fixed Assets 1,945,717 1,945,717 1.064,102* 116,9361" 2,992,883 CurrentAssets 1,064.102* 116,9361° 2,992,883 Current Liabilities Total Funds Trustees Report&Auditsd Flnancial Statements Stafford Gospel HallTrust 30Jan2025 Page22of 25 Movement in Funds- Currentyear Stafford Gospel Hall Trust For the year ended 5 April 2024 16. Movement in Funds 16.1 Movement in funds- currentyear UNRESTRICTÉD FUNDS I'RE-STATED. NOTE RESTRicfED FUNDS I'RE-STATED, NOTE TOTAL FUNDS 2024 I'RE.STATED. NOTE DESIGNATED FV14DS Movement in Funds Total fund5 bought forward Incoming resources Resources expended Tr3n5fer5 between funds 2,992,883" 92,211 2.992,883" 462,891 370,680 11,L26,7401 370,680 11,126.7401 1370,6801 Total funds carried fomard 2,329,034 2,329,034 The restricted funds arose as a result of a funds appeal for the purpose of constructing a new gospel hall at New Road, Hixon. As the funds were used forthe intended purpose, the balance of the restricted funds was transferred to unrestricted funds. Trustee5 Report&Audited Financialstatpments Stafford Gospel Hall Trust 30 Jan 2025 Page23of25 Movement in Funds- Prioryear Stafford Gospel Hall Trust Forthe year ended 5 April 2024 16. Movement in Funds 16.2 Movement in funds- Prioryear RESTRICTED FUNDS I'RE-STATED. NOTE 21 TOTAL FUNDS 2023 I'RE-STATED, NOTE UNRESTRICTED FUNDS I'RE-STATED, NOTE DESIGNATED FVhJOS Movement in Funds Total funds boughtforward Incoming re50urce5 Resources expended Transfers between Funds 2.725,004 286,626" 21,761 3,011,630" 61,729" 180,4761" 39,968* 180,4761 308,387 * 2,992,883 1308,3871" Total funds carried forward 2,992,883" The restricted funds ar05e as a result of a funds appeal forthe purpose of constructing a new gospel hall at New Road, Hixon. As the funds were used for the intended purpose, the balance of the restricted funds was transferred to unrestricted funds. Trustees Report&Audited Financialstatements 5tsfford Gospel Hall Trust 30Jan 2025 Page24of25 Comparative Statement of Financial Activities Stafford Gospel Hall Trust For the year ended 5 April 2024 TOTAL FUNOS 2023 I'RE.5TATED, SEE NOTE VIIft￿RIcTE FUt40S DES16NA7£0 FUNOS RESfftlCTEO FUNDS Income and endowments: Donations and Lt acies Contributions Irorn the Congregation Donations received-Gift Aid 28,568 28.568 7,724 7,724 Donation5 received- Non-GiftAid 9.250 9.250 3,100 Payroll giving IncomeTax refunds Total Donation5 and Legacies 3,100 L,687 1.687 Investments Interest Receivèd 1,725 1,725 1.725 Total Investments other Income Miscellaneou5 Incorne Totalother Income 102 102 102 102 Totsl Income and endowments: 30,395 21,761 52,156 enditure: Meeting rooms&other charitable activitie5 (note 41 Cost of donated services (note 51 Total Expenditure: 72.926* 7,550" 80,4T6" 72,926 7,550* 80,476 Net Incomel{Expenditurel 150,0811" 21,761 128.3201. Other Movements Transfer5 between funds (note 16.21 Othergainsl Ilos5esl- Impairrnent Inote 61 308.387* 9,573" 1308.3871. 9,573 Net Movement In Funds 1348,8951 330,148 118,7471" TOTAL FUNDS 2023 I'RE-STATED, SEE NOTE UNRESTRICTEO FUNDS I'Rf-5TATED, NOTE RESTRICTED FUNDS I'RE-STATED, NOTE 21 DESIGNATED FUNDS Reconciliation of funds (note 15) Total Funds bought forward Net movernent in funds 2,725,004 286,626 3,OLL.630" 118,7471" 2,992,883" 267.879 1286.6261 Total Fund5 carried forward 2.992,883 Trustees Report&Audited FinancialStatement$ Stafford GospelHallTwst 30 Jan 2025 Page 25 of25 Stafford Gos el Hall Trust Public Benefit Re ort - YE 0510412024 July 2024 One of the Trust's principal activities that furthers its objects is providing a facility for the coordination of "outreach. work into the wider community Members of the congregation, acting under the directions of the trustees and wilh their full active encouragement, have continued with "outreach" work which they have carried out for many years 2024 Summa The trustees of the Stafford Gospel Hall Trust confimi that they have compiled 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. Street Preachin s&S readin the Word of God There has been regular open air preachings in Stafford since at least the mid 20 Century, sharing the message of Gods heart of love to mankind. Any enquiries received by the trustees or made to central office have been followed up fully, and where applicable people have been directed to the following website where literature can be purchased or downloaded for reading in multiple languages htt s.//christiandoctrineand os el ublishin .or Advancing Biblieal Teaching for all chri￿la￿a Wozldwide 202314 statistics Total tracts given out Total Street Preaching sessions Total Street Preachings given 821no. 112no. 256no. Stafford Prison - A ril 2024 Christian tracts have been donated to Stafford prison for distribution to prisoners for their pastoral care. RRT Foodboxes As a charity, we have distributed RRT Family Food Boxes which we donated to various local needs such as homeless and vulnerable shelters, schools, parishes etc. The RRT Food Boxes are designed to feed a family of 4 for up to 4 days and bring some relief and joy to households during their time of pressure and crisis. The boxes often get distributed to the local police or councils who are in touch with these needy situation, who will distribute them to individuals. We have donated the below'.- 5 'red tent events, serving hot food to the emergency service planned events. .143no. food boxes.to.the Staffordshire poli￿ force and councils to give to persons in need 4no. care kits to the police force 500no. Decontamination wipes to the fire service 4 Janua 2024 Macari Food Box Donation 25 Janua 2024 Newcastle Under Lyme Borough Council Foodbox Donation 11 HfiTFOOTr th 12 March 2024 Feeding 70 Fire crew in Hanley Stoke on Trent 17"A ril 2023 Serving 50 Firemen from Staffs Fire and Rescue Service at a Chemical Emergency exercise. aflii 11!,: I;,. 8°Ma 2023 Food boxes for Stsfford Police 31" Ma 2023 Comfort Snack boxes delivered to Newcastle U Lyme council Homeless support 9°Ma 2024 Serving 80 Fire fighters at fire in Cannock poif Clockwise order: Longton police. Newcastle Police, Stafford Police, Burton Police. It L*¥ RRT Red Tent Events ril 2023 Event for Staffordshire fire service training exercise in Stoke on Trent rAoqq Oct 2023 Event over 2 days at the officers. forum for Staffordshire fire service at MOD Stafford Froni: Adam Priestlry < nestle Sent: Wednesday, October 18, 2023 7:31 PM To: l RRT UK