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2021-04-05-accounts

REGISTERED NUMBER: 1159547

LEAMINGTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 05 APRIL 2021

Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW

LEAMINGTON GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS

CONTENTS

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Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
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Page 1

LEAMINGTON GOSPEL HALL TRUST LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 05 APRIL 2021

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CHARITY NAME: Leamington Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1159547
TRUSTEES: Darren Cox
James Ellis
Malcolm Hoggins
James Matthews
Paul Gardner
TREASURER: Malcolm Hoggins
PRINCIPAL ADDRESS: 4 Montrose Avenue
Leamington Spa
Warwickshire
CV32 7DT
INDEPENDENT EXAMINER: Angus Brewer
Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: HSBC Bank plc
PO Box 88
Leamington Spa
Warwickshire
CV32 4BU
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
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Page 2

LEAMINGTON GOSPEL HALL TRUST REPORT OF THE TRUSTEES

YEAR ENDED 05 APRIL 2021

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

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is an unincorporated trust constituted by a Deed of Trust dated 03 March 1979, most recently amended by Deed of Variation dated 12 August 2014. The Trust was registered with the Charity Commission for England and Wales on 09 December 2014 under Charity Registration Number: 1159547

Recruitment and appointment of new trustees

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

The Trust operates 2 Gospel halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with Avonvale Gospel Hall Trust, with which it shares members of its congregation.

Risk management

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

OBJECTIVES AND ACTIVITIES

Objectives and aims

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

Public benefit

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

Plans for future periods

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

Page 3

LEAMINGTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES

YEAR ENDED 05 APRIL 2021

Main activities and achievements

The Trust provides and maintains 2 Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

During the year, a number of communicants have been involved in helping out the Rapid Relief Team (a charity which helps communities and charities in time of need). These events have included packing food boxes to distribute to people in need.

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

Meetings

Meetings held at the Gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 40 and 500 people normally attend these occasions.

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

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

Spreading the Gospel message and the life of a Christian

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

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

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

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

Page 4

YEAR ENDED 05 APRIL 2021

LEAMINGTON GOSPEL HALL TRUST REPORT OF THE TRUSTEES

Funding

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

FINANCIAL REVIEW

Financial position

In the year ended 5 April 2021, the Trust had a modest surplus of incoming resources over resources expended. Total voluntary income received this year was £57,863 compared to £117,330 in the previous year.

All funds held were unrestricted funds.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.

Free reserves at the year end were £110,692.

Page 5

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

STATEMENT OF TRUSTEES RESPONSIBILITIES

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

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

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

On behalf of the board:

17th June 2021

Mr M Hoggins (Trustee)

Date

Page 6

REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEES OF THE LEAMINGTON GOSPEL HALL TRUST FOR THE YEAR ENDED 05 APRIL 2021

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

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

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

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

BASIS OF THE INDEPENDENT EXAMINER'S REPORT

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

INDEPENDENT EXAMINER'S STATEMENT

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

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

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

A Brewer (CIMA Cert BA) Oldfield Advisory Santis House Curriers Close Coventry CV4 8AW 24 May 2021

Page 7

LEAMINGTON GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 05 APRIL 2021

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Grants received
Investments:
Bank interest
Other
Interments		 Unrestricted DesignatedRestricted Total funds
Total funds
Funds
Funds
Funds
2021
2020
£
£
£
£
£
3,200
-
-
3,200
31,845
40,363
14,300
-
54,663
32,741
-
-
-
-
35,020
-
-
-
-
9,224
-
-
-
-
8,500
1
-
-
1
2
26,900
-
-
26,900
19,800
Total 70,464
14,300
-
84,764
137,132
Expenditure on:
Charitable activities
Running meeting rooms
5
Cost of donated services
4
Congregation support		 90,014
-
-
90,014
95,456
9,135
-
-
9,135
8,550
-
5,850
-
5,850
-
Total 99,149
5,850
-
104,999
104,006
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds bought forward		 (28,685)
8,450
-
(20,235)
33,126
-
-
-
-
(28,685)
8,450
-
(20,235)
33,126
1,458,338
-
-
1,458,338
1,425,212
Total funds carried forward 1,429,653
8,450
-
1,438,103
1,458,338

The notes on pages 10 to 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

Page 8

LEAMINGTON GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021

Notes
£
£
Fixed Assets
Tangible assets
6
1,327,411
Current Assets
Prepayments and accrued income
1,180
Cash at bank and in hand
110,331
111,511
Current liabilities
Creditors: amounts falling due within
one year:
Other creditors
-
Accruals and deferred income
(819)
Net current assets
110,692
Total assets less current liabilities
1,438,103
Creditors: amounts falling due after
more than one year:
Loan
-
Net assets
1,438,103
Funds
Restricted funds
-
Unrestricted income fund
1,438,103
Total unrestricted funds
8
1,438,103
2021		 £
£
1,389,453
1,745
68,752
70,497
-
(1,612)
68,885
1,458,338
-
1,458,338
-
1,458,338
1,458,338
2020

The unaudited financial statements were approved and authorised for issue by the Trustees of Leamington Gospel Hall Trust on …………………..……….and were signed on its behalf by17.06.2021

Mr M Hoggins (Trustee)

The notes on pages 10 to 13 form part of these financial statements

Page 9

LEAMINGTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

  1. ACCOUNTING POLICIES

1.1 Basis of financial statements

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

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

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

1.2 Income

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

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

Investment income is accounted for on a receivable basis.

1.3 Expenditure

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

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

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £100) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Freehold buildings 4% straight line Property improvements 4% straight line Plant and equipment 15% Reducing balance Office equipment 15% and 25% Reducing balance

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

1.7 Funds

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

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

1.8 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

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

2. TRUSTEES' REMUNERATION AND EXPENSES

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2020: None).

  1. WAGES AND SALARIES

There are no employees (2020: none).

Page 10

LEAMINGTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

4. DONATED SERVICES

Donated to:
Avonvale Gospel Hall Trust
5.
RESOURCES EXPENDED
Direct costs
Repairs and maintenance
Conference costs
Insurance
Light and heat
Telephone and broadband costs
Legal and professional
Burial ground
Depreciation
Public outreach work - tracts
Support costs
Bank charges
Governance		 Year ended
05 April 2021
£
9,135
Meeting
rooms
£
13,645
-
1,579
5,075
804
1,558
4,416
62,042
-
69
820
90,008		 Other charitable
activities
£
6
6		 Year ended
05 April 2020
£
8,550
Year ended
05 April 2021
£
13,645
-
1,579
5,075
804
1,558
4,416
62,042
6
69
820
90,014		 Year ended
05 April 2020
£
18,978
561
831
3,824
888
3,185
5,195
60,698
416
60
820
95,456

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

6. TANGIBLE FIXED ASSETS

Cost
At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020		 Sandy Lane
£
100,000
-
100,000
-
-
-
100,000
100,000		 Sandy Lane -
improvements
£
1,197,236
-
1,197,236
203,473
47,889
251,362
945,874
993,763		 Common Lane
£
250,000
-
-
250,000
46,667
6,667
53,334
196,666
196,666		 Common Lane -
improvements
£
102,204
-
-
102,204
31,378
4,088
35,466
66,738
70,826

Page 11

LEAMINGTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020		 Plant and
equipment
£
31,722
-
31,722
19,697
1,804
21,501
10,221
12,025		 Office Equipment
£
15,397
-
15,397
5,891
1,594
7,485
7,912
9,506		 Totals
£
1,696,559
-
-
1,696,559
307,106
62,042
-
369,148
1,327,411
1,389,453

Property Details:

Land registry titles of the above property held are WK270833, WK352398 and WK459293.

7. ANALYSIS OF NET ASSET BETWEEN FUNDS

Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
7.2
Prior year
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
8.
MOVEMENT IN FUNDS
8.1.
Current year
Restricted funds
Unrestricted funds
Total funds		 Fund balance
At 06 April 2020
£
-
1,458,338
1,458,338		 Unrestricted
funds
£
1,327,411
111,511
(819)
-
1,438,103
Unrestricted
funds
£
1,389,453
70,497
(1,612)
-
1,458,338
Incoming resources
£
-
84,764
84,764		 Restricted
funds
£
-
-
-
-
-
Restricted
funds
£
-
-
-
-
-
Resources
expended
£
-
(104,999)
(104,999)		 Total
funds
£
1,327,411
111,511
(819)
-
1,438,103
Total
funds
£
1,389,453
70,497
(1,612)
-
1,458,338
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2021
£
£
-
-
-
1,438,103
-
1,438,103

Page 12

LEAMINGTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

8.2. Prior year

Restricted funds
Unrestricted funds
Total funds		 Fund balance
At 06 April 2019
Incoming resources
Resources
expended
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2020
£
£
£
£
£
-
-
-
-
-
1,425,212
137,132
(104,006)
-
1,458,338
1,425,212
137,132
(104,006)
-
1,458,338

9. TRANSACTIONS WITH RELATED PARTIES

Donations totalling £0 have been received from related parties of the trustees (2020: £43,995).

10. VOLUNTEERS

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

Page 13

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