Lime Walk Gospel Hall Trust
Report and Financial Statements
Year ended 5 April 2021
Charity number: 1159751
Lime Walk Gospel Hall Trust Report and Financial Statements Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Report of the Trustees | 2 - 4 |
| Report of the Independent Examiner | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Cashflow statement | 8 |
| Notes forming part of the financial statements | 9 - 13 |
| Additional information | 14 |
Lime Walk Gospel Hall Trust Legal and administrative information
Trustees
Mr H B Robertson Retired as Chairman and Trustee 4 May 2021 Mr M J Hearn Mr S Hill Mr I Lawrence Appointed as Trustee 4 May 2021 Mr N Silcock Mr S Robertson Appointed Chairman 4 May 2021
Title to all freehold properties was held jointly at the report approval date by Messrs M Hearn, S Hill, S Robertson, and N Silcock.
Correspondence address
Orchard House Wantage Road Rowstock Didcot Oxfordshire OX11 0JU
Independent examiner
Dr J R Ayling BSc FCA 8 Troutbeck Avenue Leamington Spa Warwickshire CV32 6NE
Bankers
Barclays Bank plc 4 Pound Way Templars Square Cowley Oxford OX4 3XT
Solicitors
Challenor & Son Stratton House Bath Street Abingdon OX14 3LA
Wace Morgan Tomleys 31 Market Street Newtown Powys SY16 2PG
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Lime Walk Gospel Hall Trust Report of the Trustees for the year ended 5 April 2021
The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 and 10, and comply with the Trustee Deed and applicable law.
Structure, Governance and Management
Governing document
Lime Walk Gospel Hall Trust is an unincorporated trust constituted by a Deed of Trust dated 27 March 1992, amended 12 August 2005 and 8 August 2014, and was registered with the Charity Commission for England and Wales on 2 January 2015.
Recruitment and appointment of new trustees
The Trustees who have served during the year and since the year end are set out on page 1. No trustees received remuneration or expenses from the Charity in the year ended 5 April 2021 (2020: none).
The Trust operates five 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. New Trustees 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 works closely with Foxhall Gospel Hall Trust (FGHT) which has similar aims and objectives. Regular donations are made by Lime Walk Gospel Hall Trust to cover the maintenance and running expenses of FGHT.
Risk management
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to 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. During the year, members of our Congregation assisted the Rapid Relief Team charity in their work of supporting those in time of need. LWGHT personnel have assisted with the supply of food parcels to schools in the local area to support families who were in need of additional care.
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.
Main activities and achievements
The Trust provides and maintains five Gospel halls in Didcot, Wallingford and the surrounding area, 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.
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Lime Walk Gospel Hall Trust Report of the Trustees for the year ended 5 April 2021
Main activities and achievements (continued)
The Trust’s main achievement this year has been to open the halls to the congregation and visitors when able to do so.
The trustees have also established an Emergency Needs fund for the duration of the current COVID-19 pandemic and any resultant economic downturn. This fund provides 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.
Plans for Future Periods
From 18th March 2020, LWGHT ceased using the five gospel halls, which it operates. This was as a result of the global COVID-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use these 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.
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 45 and 600 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
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, when lockdowns are not in place, members of the congregation regularly volunteer to help in charitable activities and to assist local community needs as they arise. These activities are encouraged by the Trust.
The life of a Christian
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:
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1 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 Scripture (1 Tim. 2:2).
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2 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 order to present eternal salvation to all men by faith in Jesus Christ. (2 Tim. 4:2).
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3 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. 4:1).
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4 The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127:3-5). The elderly are valued members of the community, for whom both their family and the wider community are expected to care.
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Lime Walk Gospel Hall Trust Report of the Trustees for the year ended 5 April 2021
The life of a Christian (continued)
- 5 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 wider community, in so far as is reasonable given our abilities and available resources. (Matt. 7:12, Matt. 22:39, Eph. 4:28).
Financial review
In the year ended 5 April 2021, the Trust had a modest deficit of incoming resources over resources expended, due to a combination of reduced voluntary income and increased outgoing donations. Total voluntary income received this year was £103,854 compared to £171,668 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 Trustees have decided to adopt a policy of maintaining sufficient reserves to cover day to day expenditure and any capital expenditure needs that may arise. 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 5 April 2021 were £76,518 (5 April 2020: £25,082).
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
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select suitable accounting policies and then apply them;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and 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.
All transactions have been reviewed and approved by two trustees.
Approved by the Trustees and signed on their behalf by:
12/1/2022
Mr S Robertson - Trustee
Date
4
Independent examiner's report To the Trustees of Lime Walk Gospel Hall Trust
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2021 which are set out on pages 6 to 13.
Responsibilities and basis of report
As the Charity’s Trustees you 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 Charity’s accounts carried out under section 145 of the 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.
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:
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(1) accounting records were not kept in respect of the charity as required by section 130 of the Act;
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(2) the accounts do not accord with those records; or
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(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 fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
12 January 2022
Dr J R Ayling BSc FCA (Fellow of the ICAEW)
8 Troutbeck Avenue Leamington Spa CV32 6NE
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Lime Walk Gospel Hall Trust Statement of Financial Activities for the year ended 5 April 2021
| Notes Income and endowments from: Donations and legacies 3 Other Sharps Yard overage 4 Secure Systems Ltd refund 5 Sundry Expenditure on: Charitable activities 6 Total funds brought forward 12 Total funds carried forward 12 Net (expenditure) / income being net movement in funds |
Year ended 5 April 2021 5 April 2020 £ £ 103,854 171,668 - 20,000 10,850 - 21 33 114,725 191,701 137,268 124,293 (22,543) 67,408 5,039,734 4,972,326 5,017,191 5,039,734 Year ended |
|---|---|
There were no recognised gains and losses for the Charity for the current or prior years other than those included in the statement of Financial Activities. All income and expenditure arises from continuing activities. All funds are unrestricted.
6
Lime Walk Gospel Hall Trust Balance Sheet as at 5 April 2021
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Unrestricted funds 12 Total assets less current liabilities being total net assets |
5 April 2021 5 April 2020 £ £ 4,940,673 5,014,652 4,537 13,789 74,006 46,076 78,543 59,865 (2,025) (34,783) 76,518 25,082 5,017,191 5,039,734 5,017,191 5,039,734 |
|---|---|
Approved by the Trustees and signed on their behalf by:
Mr S Robertson - Trustee
12/1/2022 Date
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Lime Walk Gospel Hall Trust Cash flow statement for the year ended 5 April 2021
| Cash flows from operating activities Net (expenditure) / income Adjustments for: Depreciation Decrease in debtors (Decrease) / increase in creditors Net cash provided by operating activities Cash flows from investing activities Purchase of fixed assets Net cash used in investing activities Change in cash and cash equivalents in the year Cash and cash equivalents brought forward Cash and cash equivalents carried forward Analysis of cash and cash equivalents Cash at bank Analysis of changes in net debt At start of year £ Cash 46,076 |
Year ended Year ended 5 April 2021 5 April 2020 £ £ (22,543) 67,408 73,979 76,048 9,252 374,566 (32,758) 27,793 27,930 545,815 - (626,208) - (626,208) 27,930 (80,393) 46,076 126,469 74,006 46,076 74,006 46,076 Cash flows At end of year £ £ 27,930 74,006 |
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Lime Walk Gospel Hall Trust Notes forming part of the financial statements for the year ended 5 April 2021
1 Accounting policies
{a} General information and basis of preparation
Lime Walk Gospel Hall Trust is constituted by a Deed of Trust dated 27 March 1992, amended 12 August 2005 and 8 August 2014, and is registered with the Charity Commission for England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The principle activity of the Charity is to provide and maintain Gospel halls in Didcot, Wallingford and the surrounding area for the religious activities of Christians often referred to as ‘Brethren’.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
{b} Funds Structure
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds may include designated funds where the Trustees, at their discretion, have created a fund for a specific purpose.
{c} Income recognition
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Collections are recognised upon receipt. Donations are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.
Grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).
{d} Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note {f} below.
{e} Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
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Lime Walk Gospel Hall Trust Notes forming part of the financial statements for the year ended 5 April 2021
1 Accounting policies (continued)
{f} Allocation of support and governance costs
All support costs have been attributed to charitable activities.
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
{g} Fixed assets and depreciation
Tangible fixed assets are capitalised above a threshold of £2,500 per asset and are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Freehold land No depreciation Freehold buildings 2% straight line Plant & machinery 10% straight line Office equipment 25% reducing balance
{h} Fixed assets and depreciation
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
2 COVID-19 and going concern
Between March 2020 and July 2021, the Trust did not use the gospel halls it operates due to the global COVID-19 pandemic and the restrictions imposed by the UK government. The trustees do not consider that the COVID-19 pandemic will have any significant adverse financial effect on the charity, but an accurate estimate of the impact cannot be made.
| Income and endowments from donations and legacies Collections Gift aid donations Gift aid tax recoverable Grant income |
Year ended Year ended 5 April 2021 5 April 2020 £ £ 89,670 115,403 11,347 42,651 2,837 10,614 - 3,000 103,854 171,668 |
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3 Income and endowments from donations and legacies
Included within collections is a sum of £35,800 (2020: £nil) which the Trustees have designated to the Emergency Needs Fund, see note 12.
4 Sharps Yard overage
Sharps Yard is a property sold by the Trust in the year ended 5 April 2017. The sale contract included an overage clause, triggered if planning permission was obtained by the purchaser after the sale. During the year ended 5 April 2020 the Trust agreed to waive enforcement of the clause upon receipt of a gross fee of £20,000.
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Lime Walk Gospel Hall Trust Notes forming part of the financial statements for the year ended 5 April 2021
5 Secure Systems Ltd refund
Other income includes £10,850 (2020: £nil) in respect of a financial contribution received from Secure Systems (UK) Ltd towards the cost of moving a high voltage cable at the Woodway Road hall.
6
| Expenditure on charitable activities Donations made Meeting rooms running costs Insurance Light and heat Repairs and maintenance Cleaning Telephone Support costs (note 7) |
Year ended Year ended 5 April 2021 5 April 2020 £ £ 36,761 2,743 1,657 2,349 8,043 13,822 8,889 19,568 576 4,455 1,094 1,024 20,259 41,218 80,248 80,332 137,268 124,293 |
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Donations made include £36,165 (2020: £nil) in respect of the designated Emergency Needs Fund (see note 12) and £596 (2020: £2,455) donated to Foxhall Gospel Hall Trust to cover its maintenance and running expenses.
7 Allocation of support costs
All support costs associated with charitable activities are allocated to the sole charitable activity of the Charity being the provision and maintenance of Gospel Halls for the local Brethren community.
| Bank charges Legal fees Depreciation Governance costs Support cost |
Year ended Year ended 5 April 2021 5 April 2020 £ £ 52 64 4,192 2,225 73,979 76,048 2,025 1,995 80,248 80,332 |
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Governance costs include an independent examiner's fee of £2,025 (2020 : £1,995). No other fees were payable to the independent examiner (2020: £nil).
8 Trustee remuneration and staff costs
No trustees received remuneration or reimbursement of expenses from the Charity in the year ended 5 April 2021 (2020: none). The Charity employs no staff (2020: none).
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Lime Walk Gospel Hall Trust Notes forming part of the financial statements for the year ended 5 April 2021
| 9 Tangible fixed assets At 6 April 2020 Additions At 5 April 2021 Depreciation At 6 April 2020 Annual charge At 5 April 2021 Net book value At 5 April 2021 At 5 April 2020 Cost |
£ 5,687,894 - 5,687,894 695,727 71,013 766,740 4,921,154 4,992,167 Freehold land and buildings |
£ 24,621 - 24,621 9,850 2,463 12,313 12,308 14,771 Plant & machinery |
£ £ 11,365 5,723,880 - - 11,365 5,723,880 3,651 709,228 503 73,979 4,154 783,207 7,211 4,940,673 7,714 5,014,652 Total Office Equipment |
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Included within freehold land and buildings at 5 April 2021 and 5 April 2020 is land at a cost of £2,137,260 which has not been depreciated.
| 10 Debtors Prepayments and accrued income Other debtors No debtors are due after more than one year. 11 Creditors: amounts falling due within one year Trade creditors Accruals and deferred income Other creditors |
5 April 2021 5 April 2020 £ £ 4,537 11,419 - 2,370 4,537 13,789 5 April 2021 5 April 2020 £ £ - 28,288 2,025 2,225 - 4,270 2,025 34,783 |
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Lime Walk Gospel Hall Trust Notes forming part of the financial statements for the year ended 5 April 2021
12 Funds
| General fund Designated fund: Emergency Needs Fund |
Balance at 6 April 2020 5,039,734 - 5,039,734 |
Income 78,925 35,800 114,725 |
(101,103) (36,165) (137,268) Expenditure |
Transfer Balance at 6 April 2021 (365) 5,017,191 365 - (124,293) 5,017,191 |
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The Emergency Needs Fund was established by the Trustees to provide grocery vouchers to families in need as a result of the Covid-19 pandemic. There are no restricted funds.
| Fixed assets Current assets Current liabilities Fund balance |
Unrestricted Funds £ 4,940,673 78,543 (2,025) 5,017,191 |
Restricted Funds Total £ £ - 4,940,673 - 78,543 - (2,025) - 5,017,191 |
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13 Related party transactions
Donations of £5,090 (2020: £10,915) were made to the charity by related parties in the year ended 5 April 2021. These donations were made to the general fund on the same basis as all other donors. There were no other related party transactions during either the year ended 5th April 2021 or the year ended 5th April 2020 that require disclosure.
14 Controlling party and ultimate controlling party
The controlling party and ultimate controlling party of the Charity is the Board of Trustees of Lime Walk Gospel Hall Trust.
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Lime Walk Gospel Hall Trust Additional information which does not form part of the financial statements for the year ended 5 April 2021
1 Analysis of freehold land and buildings
| Didcot Road Cost £ At 6 April 2020 266,058 Additions - Disposals - At 5 April 2021 266,058 Depreciation At 6 April 2020 37,732 Annual charge 5,321 Disposals - At 5 April 2021 43,053 Net book value At 5 April 2021 223,005 At 5 April 2020 228,326 |
High Road £ 3,721,989 - - 3,721,989 620,508 46,440 - 666,948 3,055,041 3,101,481 |
Station Road £ 630,940 - - 630,940 20,814 8,704 - 29,518 601,422 610,126 |
£ 539,231 - - 539,231 10,175 4,784 - 14,959 524,272 529,056 Dunsomer Hill |
Woodway Road £ £ 529,676 5,687,894 - - - - 529,676 5,687,894 6,498 695,727 5,764 71,013 - - 12,262 766,740 517,414 4,921,154 523,178 4,992,167 Total |
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Land registry references: Didcot Road: BK123069 High Road: ON248874 and ON282044 Station Road: ON281565 Dunsomer Hill Church & Gospel Hall ON327820 Woodway Road Church: ON345758
2 Fund movements for the prior year
Balance Balance at 6 April at 6 April 2019 Income Expenditure Transfer 2020 General fund 4,972,326 191,701 (124,293) - 5,039,734
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