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← Long Leys Gospel Hall Trust

2024-04-05-accounts

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Charity Registration No: 1159753

Long Leys Gospel Hall Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2024

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

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2024

Charity name Long Leys Gospel Hall Trust
Registered charity number 1159753
Trustees Nicholas Turner
Robert Green – Chairman
Timothy Haughton (Resigned 22/04/2023)
Stephen Green (Resigned 22/04/2023)
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
13 Plantation Way
Whitehill
Hants
GU35 9HD
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Report of the Trustees For the 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 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 2024 (2023: £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, with whom it shares members of its congregation, 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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2024

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 in the annexed report.

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. During the year contracts were exchanged on the sale of the Long Leys Road hall and work continued on the building of the new hall at Deepdale.

Plans for future periods

Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity 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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2024

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 2024 the Trust had a good surplus of incoming resources over resources expended. This was due in part to some loans to the Trust being written off and the profit on the sale of the Long Leys Road Gospel Hall.

Total voluntary income received this year was £492,941 compared to £336,471 in the previous year.

All funds held were unrestricted funds.

6

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Report of the trustees (continued) For the year ended 5 April 2024

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 building a new hall.

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 £863,736 (2023: £815,398).

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:

(rater59EE82B80843497... by: Robert Green Trustee 1/14/2025 Date: ...........................................

7

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Independent examiner’s report to the trustees For the year ended 5 April 2024

I report to the trustees on my examination of the accounts of the Long Leys Gospel Hall Trust for the year ending 5 April 2024.

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 1/9/2025

Sherlocks Chartered Accountants 13 Plantation Way Whitehill Hants GU35 9HD

8

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Statement of financial activities For the year ended 5 April 2024

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
Profit on sale of fixed asset
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
Total
funds
2024
Total
funds
2023
£
£
£
£
348,285
0
348,285
257,361
62,675
0
62,675
50,185
65,585
0
65,585
23,140
16,396
0
16,396
5,785
0
0
0
0
0
0
0
0
0
0
0
0
0
5,235
0
5,235
2,337
170,839
0
170,839
0
669,015
0
669,015
338,808
75,981
0
75,981
75,929
23,176
0
23,176
25,677
68,932
0
68,932
40,155
168,089
0
168,089
141,761
500,926
0
500,926
197,047
0
0
0
0
500,926
0
500,926
197,047
2,681,325
0 2,681,325
2,484,278
3,182,251
0 3,182,251 2,681,325

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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Balance sheet As at 5 April 2024

2024 2023
Notes £ £
Fixed assets
Intangible assets 0 0
Tangible fixed assets 6 2,318,515 1,865,927
2,318,515 1,865,927
Current assets
Debtors:
Debtors 685,000 0
Prepayments and accrued income 16,396 10,673
Cash at bank and in hand 746,996 865,665
1,448,392 876,338
Current liabilities
Creditors: amounts falling due within one year:
Other creditors 0 0
Accruals and deferred income (4,656) (1,440)
Loans (580,000) (59,500)
Net current assets 863,736 815,398
Total assets less current liabilities 3,182,251 2,681,325 2,681,325
Creditors: amounts falling due after more than one
year:
Loans 7 0 0
Net assets 3,182,251 2 2,681,325
Funds
Unrestricted income fund 3,182,251 2,681,325 2,681,325
Designated fund 0 0
Restricted funds 0 0
Total charity funds 8 3,182,251 2 2,681,325

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 1/14/2025

cSigned by:

Robert Green

Trustee

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

10

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Statement of Cash Flows For the year ended 5 April 2024

2024
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(345,420)
Cash flows from investing activities:
Dividends, interest and rents from investments
0
0
Proceeds from the sale of property, plant & equipment
673,759
0
Purchase of property, plant & equipment
(967,508)
(124,249)
Net cash provided by (used in) investing activities
(293,749)
Cash flows from financing activities:
Cash inflow from new loans
580,000
0
Loans repaid
(59,500)
(112,000)
Net cash provided by (used in) financing activities
520,500
Change in cash and cash equivalents in the reporting period
(118,669)
Cash and cash equivalents at the beginning of reporting
period
865,665
Cash and cash equivalents at the end of reporting period
746,996
Change in cash and cash equivalents in the reporting period
(118,669)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
500,926
Adjustments for:
Depreciation charges
12,000
23,180
(Increase)/decrease in Debtors
(685,000)
0
Loss/(profit) on the sale of fixed assets
(170,839)
0
(Increase)/decrease in prepayments
(5,723)
(5,786)
Increase/(decrease) in accruals
3,216
0
Net cash provided by (used in) operating activities
(345,420)
Note B Analysis of changes in net debt
At
06/04/2023
Cashflows
Non cash
changes
Cash
865,665
(118,669)
865,665
(118,669)
0
Borrowings
Short term liabilities
(59,500)
(520,500)
0
(59,500)
(520,500)
0
Total
806,165
(639,169)
0		 2024
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(345,420)
Cash flows from investing activities:
Dividends, interest and rents from investments
0
0
Proceeds from the sale of property, plant & equipment
673,759
0
Purchase of property, plant & equipment
(967,508)
(124,249)
Net cash provided by (used in) investing activities
(293,749)
Cash flows from financing activities:
Cash inflow from new loans
580,000
0
Loans repaid
(59,500)
(112,000)
Net cash provided by (used in) financing activities
520,500
Change in cash and cash equivalents in the reporting period
(118,669)
Cash and cash equivalents at the beginning of reporting
period
865,665
Cash and cash equivalents at the end of reporting period
746,996
Change in cash and cash equivalents in the reporting period
(118,669)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
500,926
Adjustments for:
Depreciation charges
12,000
23,180
(Increase)/decrease in Debtors
(685,000)
0
Loss/(profit) on the sale of fixed assets
(170,839)
0
(Increase)/decrease in prepayments
(5,723)
(5,786)
Increase/(decrease) in accruals
3,216
0
Net cash provided by (used in) operating activities
(345,420)
Note B Analysis of changes in net debt
At
06/04/2023
Cashflows
Non cash
changes
Cash
865,665
(118,669)
865,665
(118,669)
0
Borrowings
Short term liabilities
(59,500)
(520,500)
0
(59,500)
(520,500)
0
Total
806,165
(639,169)
0		 2024
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(345,420)
Cash flows from investing activities:
Dividends, interest and rents from investments
0
0
Proceeds from the sale of property, plant & equipment
673,759
0
Purchase of property, plant & equipment
(967,508)
(124,249)
Net cash provided by (used in) investing activities
(293,749)
Cash flows from financing activities:
Cash inflow from new loans
580,000
0
Loans repaid
(59,500)
(112,000)
Net cash provided by (used in) financing activities
520,500
Change in cash and cash equivalents in the reporting period
(118,669)
Cash and cash equivalents at the beginning of reporting
period
865,665
Cash and cash equivalents at the end of reporting period
746,996
Change in cash and cash equivalents in the reporting period
(118,669)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
500,926
Adjustments for:
Depreciation charges
12,000
23,180
(Increase)/decrease in Debtors
(685,000)
0
Loss/(profit) on the sale of fixed assets
(170,839)
0
(Increase)/decrease in prepayments
(5,723)
(5,786)
Increase/(decrease) in accruals
3,216
0
Net cash provided by (used in) operating activities
(345,420)
Note B Analysis of changes in net debt
At
06/04/2023
Cashflows
Non cash
changes
Cash
865,665
(118,669)
865,665
(118,669)
0
Borrowings
Short term liabilities
(59,500)
(520,500)
0
(59,500)
(520,500)
0
Total
806,165
(639,169)
0		 2023
£
214,441

(124,249)
(112,000)
(21,808)
887,473
865,665
(21,808)
197,047
214,441
At
05/04/2024
746,996
865,665
(59,500)
(118,669)
0
(520,500)
0
746,996

(580,000)
(59,500) (520,500)
0
(580,000)
806,165 (639,169)
0
166,996

11

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

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.

2. Trustees’ remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and there were some reimbursements shown in note 10 (2023: None).

3. Wages and salaries

There are no employees (2023: none).

4. Donated services

Lincoln Gospel Hall Trust 2024
£
68,932
68,932		 2023
£
40,155
40,155

13

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

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
£
3,891
14,671
0
20,940
0
0
21,989
12,000
2,490
75,981
75,981
Meeting rooms
£
2,808
18,390
0
25,126
0
0
5,135
23,180
1,290
75,929
75,929		 Other
charitable
activities
£
0
0
0
0
5,181
17,995
0
0
0
23,176
68,932
92,108
Other
charitable
activities
£
0
0
0
0
7,920
17,757
0
0
0
25,677
40,155
65,832		 2024
£
3,891
14,671
0
20,940
5,181
17,995
21,989
12,000
2,490
99,157
68,932
168,089
2023
£
2,808
18,390
0
25,126
7,920
17,757
5,135
23,180
1,290
101,606
40,155
141,761

Governance costs include £1,940 (2023: £1,440) in respect of independent examiner’s fees.

14

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

6. Fixed assets

Cost
B/f at 06/04/2023
Additions
Disposals
At 5 April 2024
Depreciation
B/f at 06/04/2023
Charge for the year
Impairment
Disposals
At 5 April 2024
Net book value
At 5 April 2024
At 5 April 2023
Property details:
Long Leys Road Land - Disposed
Long Leys Road Buildings - Disposed
High Leas
Saxilby		 Church Halls
See below
1,324,587
0
(570,000)
754,587
103,080
6,000
0
(67,080)
42,000
712,587
1,221,507
Cost
£ 11,000
£ 559,000
£ 300,000
£ 245,000
£ 1,115,000		 Deepdale
244 LLR
LL367477
LL17480
380,420
300,000
967,508
0
0
0
1,347,928
300,000
0
36,000
0
6,000
0
0
0
0
0
42,000
1,347,928
258,000
380,420
264,000
Title
LL23779/LL16409
LL219520
LL304700		 Total
2,005,007
967,508
(570,000)
2,402,515
139,080
12,000
0
(67,080)
84,000
2,318,515
1,865,927

7. Creditors – Amounts falling due within one year

Business loans
Central Gospel Hall Trust
TOTAL		 2024
£
80,000
500,000
580,000		 2023
£
59,500
0
59,500

15

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

8.
Analysis of net assets between funds
8.1
Current year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds
8.2
Prior year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds		 Unrestricted
funds
£
2,318,515
1,448,392
(584,656)
0
3,182,251
Unrestricted
funds
£
1,865,927
876,338
(60,940)
0
2,681,325		 Designated
funds
0
0
0
0
0
Designated
funds
0
0
0
0
0		 Restricted
funds
£
0
0
0
0
0
Restricted
funds
£
0
0
0
0
0		 Total
£
2,318,515
1,448,392
(584,656)
0
3,182,251
Total
£
1,865,927
876,338
(60,940)
0
2,681,325

9. Movement in funds

Current year
Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance at
6 April
2023
£
0
0
2,681,325
2,681,325		 Incoming
resources
£
0
0
669,015
669,015		 Resources
expended
£
0
0
(168,089)
(168,089)		 Realised/
unrealised
gains and
losses
£
0
0
0
0		 Balance
at 5 April
2024
£
0
0
3,182,251
3,182,251

16

Docusign Envelope ID: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

9.1 Prior year

Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance at
6 April
2022
£
0
2,580
2,481,698
2,484,278		 Incoming
resources
£
0
0
338,808
338,808		 Resources
expended
£
0
(2,580)
(139,181)
(141,761)		 Realised/
unrealised
gains and
losses
£
0
0
0
0		 Balance
at 5 April
2023
£
0
0
2,681,325
2,681,325

10. Transactions with related parties

During the year there were donations totalling £421,877 (2023: £249,010) from Trustees, related parties, and businesses controlled by the Trustees. Included in this was £59,500 of loans written off.

During the year £10,384 (2023: 6,531) was paid to trustees and related persons to Trustees in reimbursement of costs incurred on behalf of the Trust.

During the year the Trust paid £967,508 (2023: £102,800) to Heathtop Construction Ltd, 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: F3ECE02A-C419-4532-ABD4-C37DCFFCCECA

Long Leys Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2024

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
Profit on sale of fixed asset
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
Total funds
2023
£
£
£
257,361
0
257,361
50,185
0
50,185
23,140
0
23,140
5,785
0
5,785
0
0
0
0
0
0
0
0
0
2,337
0
2,337
0
0
0
338,808
0
338,808
75,929
0
75,929
23,097
2,580
25,677
40,155
0
40,155
139,181
2,580
141,761
199,627
(2,580)
197,047
0
0
0
199,627
(2,580)
197,047
2,481,698
2,580
2,484,278
2,681,325
0
2,681,325

18