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2022-04-05-accounts

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Charity Registration No: 1159753

Long Leys Gospel Hall Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2022

T B Tax Services Bridge House Pattenden Lane Marden Kent TN12 9QJ

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Contents

Pages
Reference and administrative details 3
Report of the trustees 4-7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Statement of Cash Flows 11
Notes to the financial statements 12-18

2

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2022

Charity name Long Leys Gospel Hall Trust
Registered charity number 1159753
Trustees Nicholas Turner
Robert Green – Chairman
Timothy Haughton
Stephen Green
Bruce Haughton
Treasurer Robert Green
Principal address Fen Farm
Burton
Lincoln
LN1 2RE
Bankers Santander UK Plc
301 Vincent Street
Glasgow
G2 5AQ
Investec Specialist Bank
2 Gresham Street
London
Scottish Widows Bank Plc
67 Morrison Street
Edinburgh
Independent examiner Mike Prior FCA
Sherlocks Chartered Accountants
16 Desborough Avenue
Stanground
Peterborough
PE2 8RG
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Report of the Trustees

For the year ended 5 April 2022

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 12-13 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

The charity is controlled by a deed of trust and constitutes an unincorporated charity.

The Charity is an unincorporated trust constituted by a Deed of Trust dated 31 January 1979. The Trust was registered with the Charity Commission for England and Wales on 2 January 2015 under Charity Registration Number: 1159753.

Recruitment and appointment of new trustees

The names of the Trustees who 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 2022 (2021: £nil).

The Trust operates three Gospel Halls (the main one being in Long Leys and two smaller gospel halls in Lincoln maintained by Lincoln Gospel Hall Trust) 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 also maintains particular links with Lincoln Gospel Hall Trust, and during the year the Charity paid expenses on behalf of the Trust, as shown in the donated services note.

Risk management

The Trustees have identified and reviewed the major risks to which the Charity is exposed and confirm that they have established systems or procedures 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.

4

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2022

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. Many of the congregation support another charity, the Rapid Relief Team (RRT) in helping the emergency services, the homeless and other local charities.

Main activities and achievements

The Trust provides and maintains 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.

The Trust has continued to engage with the congregation and visitors and encouraging good works by them which benefit the wider community, as described below.

Members of the congregation volunteered for the Rapid Relief Team, a registered charity, in the work that they do. Work done by the RRT includes providing food boxes and essential supplies to the people of Ukraine displaced by the war, and providing support to homeless shelters in the provision of blankets and warm clothing.

The Trust’s main achievements this year have been to conserve and grow funds as part of the project of replacing our main Gospel Hall. The existing hall is some 40 years old and is due to be replaced by a new Hall on land we have purchased on Deepdale Lane.

The trustees have also operated an Emergency Needs fund for the duration of the coronavirus 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.

Plans for future periods

With the commencement of lockdown restrictions in the UK the trust ceased using the gospel hall it operates. During the financial year, restrictions were eased sufficiently to allow the congregation to use the gospel hall for the Lord’s Supper (Communion). The use of the room was conducted in a manner which always complied with the government guidance, and the trust intends to continue using the room when it is 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 hall 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 300 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 hall and visitors are free to help themselves.

5

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2022

Objectives and activities

(continued)

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, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

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 2022 the Trust had a good surplus of incoming resources over resources expended. During the year some loans that had been made to the Trust were converted into donations and there were some other generous donations towards the projects.

Total voluntary income received this year was £538453 compared to £129956 in the previous year.

All funds held were unrestricted funds.

6

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2022

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 a minimum reserve of £50,000. Current reserves are higher as the Trust is looking to build a new hall in the near future. 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 £890920 (2021: £648518).

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 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.

On behalf of the board:

Robert Green Trustee

12/21/2022 Date: ...........................................

7

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Independent examiner’s report to the trustees For the year ended 5 April 2022

I report to the trustees on my examination of the accounts of the Long Leys Gospel Hall Trust for the year ending 5 April 2022.

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’).

BASIS OF THE INDEPENDENT EXAMINERS 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 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 statement 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:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; Or

  2. The accounts do not accord with those records; or

  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.

Mike Prior FCA 11/8/2022

Sherlocks Chartered Accountants 16 Desborough Avenue Stanground Peterborough PE2 8RG

8

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Statement of financial activities For the year ended 5 April 2022

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the
congregation
Gift Aid donations
Income tax refunds
Donated services
Payroll giving
Grants from other Trusts
Investments
Bank interest
Other
Total
Expenditure on:
Charitable activities
Running meeting rooms
Other charitable activities
Cost of donated services
4
Total
5
Net income/(expenditure)
Gains/(losses) on revaluations
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
2022
Total
funds
2021
£
£
£
£
£
464277
0
0
464277
45570
30340
8500
0
38840
47126
19550
0
0
19550
20575
15786
0
0
15786
16685
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
347
0
0
347
1281
0
0
0
0
530300
8500
0
538800
131237
78864
0
0
78864
65861
75
8925
0
9000
12300
13830
0
0
13830
8586
92769
8925
0
101694
86747
437531
(425)
0
437106
44490
0
0
0
0
0
437531
(425)
0
437106
44490
2044167
3005
0 2047172 2002682
2481698
2580
0 2484278 2047172

The notes on pages 12 to 18 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.

9

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Balance sheet As at 5 April 2022

Notes
Fixed assets
Intangible assets
Tangible fixed assets
6
Current assets
Debtors:
Loans
7
Prepayments and accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors
Accruals and deferred income
Loans
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one
year:
Loans
7
Net assets
Funds
Unrestricted income fund
Designated fund
Restricted funds
Total charity funds
8		 0
1764858		 2022
£


1764858






890920		 0
1653654		 2021
£


1653654






648518
0
4887
887473
0
0
656703
892360
0
(1440)
0		 656703
0
(8185)
0






2655778
(171500)		 2302172
(255000)
2484278 2047172
2481698
2580
0		 2044167
3005
0
2484278 2047172

The unaudited financial statements were approved and authorised for issue by the Trustees of Long Leys Gospel Hall Trust on and signed on their behalf by 12/21/2022

Robert Green Trustee

The notes on pages 12 to 18 form part of these financial statements

10

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Statement of Cash Flows For the year ended 5 April 2022

Cash flows from operating activities:
Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation charges
23180
(Gains)/losses on investments
0
Dividends, interest and rents from investments
0
Loss/(profit) on the sale of fixed assets
954
(Increase)/decrease in prepayments
(4887)
Increase/(decrease) in accruals
(6745)
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
0
Proceeds from the sale of property, plant & equipment
0
Purchase of property, plant & equipment
(135338)
Loans made
0
Loans received
0
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments of borrowing
0
Cash inflows from new borrowing
(83500)
Receipt of endowment
0
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of reporting period
Cash and cash equivalents at the end of reporting period
Change in cash and cash equivalents in the reporting period		 2022
£
437106

26755

0

0

0
0
1020
449608

0

0
(249130)

0

0
(135338)


(59500)
255000

0
(83500)
230770
656703
887473
230770		 2021
£
44490
72265



(249130)

195500
18635
638068
656703
18635

11

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

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 Long Leys 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.

1.4 Governance and support costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £1000) 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 2% straight line Fixtures and Fittings 10% straight line

12

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

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 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.10 Significant estimates and judgements

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.

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 (2021: None).

3. Wages and salaries

There are no employees (2021: none).

4. Donated services

Lincoln Gospel Hall Trust 2022
£
13830
13830		 2021
£
8586
8586

13

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

5. Resources expended

Current Year
Direct costs:
Insurance
Repairs & Maintenance
IT Expenses
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Donated services (see note)
Prior Year
Direct costs:
Insurance
Repairs & Maintenance
IT Expenses
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Donated services (see note)		 Meeting
rooms
£
3188
6160
0
13531
0
0
31244
23180
1561
78864
78864
Meeting
rooms
£
1771
7453
0
15625
0
0
10918
26755
3339
65861
65861		 Other
charitable
activities
£
0
0
0
0
9000
0
0
0
0
9000
13830
22830
Other
charitable
activities
£
0
0
0
0
12300
0
0
0
0
12300
8586
20886		 2022
£
3188
6160
0
13531
9000
0
31244
23180
1561
87864
13830
101694
2021
£
1771
7453
0
15625
12300
0
10918
26755
3339
78161
8586
86747

Governance costs include £1440 (2021: £1200) in respect of independent examiner’s fees.

14

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

6.
Fixed assets
Cost
B/f at 06/04/2021
Additions
Disposals
At 5 April 2022
Depreciation
B/f at 06/04/2021
Charge for the year
Impairment
Disposals
At 5 April 2022
Net book value
At 5 April 2022
At 5 April 2021
Property details:
Long Leys Road Land
Long Leys Road Buildings
High Leas
Saxilby		 Church Halls
See below
1115000
135338
0
1250338
68720
17180
0
0
85900
1164438
1046280
Cost
£ 11,000
£ 559,000
£ 300,000
£ 245,000
£ 1,115,000		 Deepdale
244 LLR
LL367477
LL17480
330420
300000
0
0
0
0
330420
300000
3042
24000
0
6000
0
0
(3042)
0
0
30000
330420
270000
327378
276000
Title
LL23779/LL16409
LL219520
LL304700		 Equipment
4529
0
(4529)
0
533
0
0
(533)
0
0
3996		 Total
1749949
135338
(4529)
1880758
96295
23180
0
(3575)
115900
1764858
1653654
7.
Loans out
Business loans
Private loans
TOTAL		 2022
£
59500
112000
171500		 2021
£
59500
195500
255000

15

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

8.
Analysis of net assets between funds
8.1
Current year
Unrestricted
funds
£
Fixed assets
1764858
Current assets
889780
Current liabilities
(1440)
Long term liabilities
(171500)
Total funds
2481698
8.2
Prior year
Unrestricted
funds
£
Fixed assets
1653654
Current assets
653698
Current liabilities
(8185)
Long term liabilities
(255000)
Total funds
2044167
9.
Movement in funds
9.1
Current year
Balance at
6 April
2021
Incoming
resources
£
£
Restricted funds
0
0
Designated funds
3005
8500
Unrestricted funds
2044167
530300
Total funds
2047172
538800		 8.
Analysis of net assets between funds
8.1
Current year
Unrestricted
funds
£
Fixed assets
1764858
Current assets
889780
Current liabilities
(1440)
Long term liabilities
(171500)
Total funds
2481698
8.2
Prior year
Unrestricted
funds
£
Fixed assets
1653654
Current assets
653698
Current liabilities
(8185)
Long term liabilities
(255000)
Total funds
2044167
9.
Movement in funds
9.1
Current year
Balance at
6 April
2021
Incoming
resources
£
£
Restricted funds
0
0
Designated funds
3005
8500
Unrestricted funds
2044167
530300
Total funds
2047172
538800		 8.
Analysis of net assets between funds
8.1
Current year
Unrestricted
funds
£
Fixed assets
1764858
Current assets
889780
Current liabilities
(1440)
Long term liabilities
(171500)
Total funds
2481698
8.2
Prior year
Unrestricted
funds
£
Fixed assets
1653654
Current assets
653698
Current liabilities
(8185)
Long term liabilities
(255000)
Total funds
2044167
9.
Movement in funds
9.1
Current year
Balance at
6 April
2021
Incoming
resources
£
£
Restricted funds
0
0
Designated funds
3005
8500
Unrestricted funds
2044167
530300
Total funds
2047172
538800		 8.
Analysis of net assets between funds
8.1
Current year
Unrestricted
funds
£
Fixed assets
1764858
Current assets
889780
Current liabilities
(1440)
Long term liabilities
(171500)
Total funds
2481698
8.2
Prior year
Unrestricted
funds
£
Fixed assets
1653654
Current assets
653698
Current liabilities
(8185)
Long term liabilities
(255000)
Total funds
2044167
9.
Movement in funds
9.1
Current year
Balance at
6 April
2021
Incoming
resources
£
£
Restricted funds
0
0
Designated funds
3005
8500
Unrestricted funds
2044167
530300
Total funds
2047172
538800		 Designated
funds

0
2580
0
0
2580

0
3005
0
0
3005
Resources
expended
£

0

(8925)

(92769)

(101694)		 Restricted
funds
£
0
0
0
0
0
Restricted
funds
£
0
0
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0		 Total
£
1764858
892360
(1440)
(171500)
2484278
Total
£
1653654
656703
(8185)
(255000)
2047172
Balance
at 5 April
2022
£
0
2580
2481698



2044167
Incoming
resources
£
0
8500
530300
2047172 538800 0 2484278

16

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

9.2 Prior year

.2
Prior year
Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance at
6 April
2020
£
0
0
2002682
2002682		 Incoming
resources
£
0
15305
115932
131237		 Resources
expended
£
0
(12300)
(74447)
(86747)		 Realised/
unrealised
gains and
losses
£
0
0
0
0		 Balance
at 5 April
2021
£
0
3005
2044167
2047172

10. Transactions with related parties

During the year there were donations totalling £206640 (2021: £10155) from Trustees, related parties, and businesses controlled by the Trustees.

During the year the Trust paid £130000 (2021: £Nil) to Heathtop Construction, a company owned by two of the Trustees, for work done on the new project. The transactions were at arms length and were approved by the other 3 trustees.

During the year there were donated services to Lincoln Gospel Hall Trust, and two of the Trustees of that Trust are related parties to the Trustees of this Trust.

11. Volunteers

Long Leys 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.

17

DocuSign Envelope ID: F131A52E-1FD2-403E-B32F-1E6467778018

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

12. Comparative Statement of Financial Activities

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Donated services
Payroll giving
Grants from other Trusts
Investments
Bank interest
Other
Total
Expenditure on:
Charitable activities
Running meeting rooms
Other charitable activities
Cost of donated services
4
Total
5
Net income/(expenditure)
Gains/(losses) on revaluations
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
2021
£
£
£
£
45570
0
0
45570
31821
15305
0
47126
20575
0
0
20575
16685
0
0
16685
0
0
0
0
0
0
0
0
0
0
0
0
1281
0
0
1281
0
0
0
115932
15305
0
131237
65861
0
0
65861
0
12300
0
12300
8586
0
0
8586
74447
12300
0
86747
41485
3005
0
44490
0
0
0
0
41485
3005
0
44490
2002682
0
0 2002682
2044167
3005
0 2047172

18