2021-04-05-accounts - Brackley Fox Lane Gospel Hall Trust

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			Pages
Reference and administrative		details
Report ofthe	Trustees		2-5
Independent	Examiner's Report
Statement of	FinancialActivities
Balance Sheet
Notes to the Financial Statements			9 - 13

				Year to 05.04.2021		Yearto
ALL ITEMS RELATE TO UNRESTRICTED			General	Designated		05.04.2020
FUNDS			Fund	Fund	Total	Total
			E	E	E	6
INCOME FROM
Contributions from the Congregation			35,640	18,075	53,715	33,765
Gift-Aid Donations			49,205		49,205	97,362
Income Tax Repayable on Gift-Aid			12,301		12,301	24,341
Payroll Giving			1,213		1,213	1,788
Other Donations			168,075		168,075	175,180
Legacies			8,000		8,000	0
TOTAL INCOMING RESOURCES			274,434	18,075	292,509	332,436
EXPENDITURE ON
MEETING HALL RUNNING	COSTS
Council Tax Repayment			0		0	(8,007)
Light, Heat, Water			2,027		2,027	6,191
Repairs and Maintenance			4,862		4,862	4,324
Cleaning and Janitorial			0		0	1,018
Telephone and Broadband			507		507	460
Insurance			2,049		2,049	1,966
Professional Expenses			0		0	688
Sundry			104		104	140
Interest Payable			975		975	1,544
Depreciation			928		928	1,237
			11,452		11,452	9,561
OTHER CHARITABLE ACTIVITIES
Congregation Support			0	17,325	17,325	0
Sundry Events			0		0	440
Planning Consultancy —Fox Lane			972		972	1,027
Donated Services		Note 7	5,776		5,776	6,483
GOVERNANCE COSTS
Accountancy and Independent		Examiner	3,930		3,930	3,546
Professional Support Costs			2,370		2,370	1,474
TOTAL RESOURCES EXPENDED		Note 8	24,500	17,325	41,825	22,531
NET SURPLUS FOR THE YEAR			249,934	750	250,684	309,905
TOTAL FUNDS BROUGHT FORWARD			2,692,573	0	2,692,573	2,382,668
TOTAL FUNDS CARRIED FORWARD			2,942,507	750	2,943,257	2,692,573
Note 12

				BRACKLEY FOX LANE GOSPEL HALL TRUST BALANCE SHEET AS AT 5™ APRIL 2021	BRACKLEY FOX LANE GOSPEL HALL TRUST BALANCE SHEET AS AT 5™ APRIL 2021
						As at	As at
					Notes	Q~002	Q5$4.202Q
TANGIBLE FIXED	ASSETS				1.5 Ik 2
Freehold Pro ert	—Per	Schedule
Meeting Hall at Fox Lane,			Brackley			1,500,000	1,500,000
Meeting Hall at Mallard		Drive, Buckingham				152,870	152,870
Property and Land at High Cross,					Syresham	1,038,423	990,458
						2,691,293	2,643,328
Furniture Fittings	and Equipment					2,784	3,712
TOTAL FIXEDASSETS						2,694,077	2,647,040
INVESTMENT
In Unistruct Limited
CURRENT ASSETS
Debtors						12,560	39,460
Prepayments						21,476	1,310
Bank Accounts						504,780	320,440
						538,816	361,210
LESS:CURRENT LIABILITIES
Amounts Fallin	Due Within			One Year
Creditors						(6,724)	(8,222)
Accruals						(4,414)	(3,957)
Unsecured Loans						(278,500)	(303,500)
						(289,638)	(315,679)
NET CURRENT ASSETS						249,178	45,531
NET ASSETS						2,943,257	2,692,573
Represented by:-
FUNDS —UNRESTRICTED			FUNDS
General Fund						1,959,334	1,709,400
Designated Fund						750	0
						1,960,084	1,709,400
REVALUATON RESERVE						983,173	983,173
TOTAL FUNDS					12	2,943,257	2,692,573

date that have a significant risk ofcausing a m within the next reporting period.	date that have a significant risk ofcausing a m within the next reporting period.	date that have a significant risk ofcausing a m within the next reporting period.	aterial adjust	m	ent	tothe carrying amounts ofassets and liabilities	tothe carrying amounts ofassets and liabilities	tothe carrying amounts ofassets and liabilities	tothe carrying amounts ofassets and liabilities
From 18'" March 2020, the Trust temporarily			ceased using		the	Gospel Halls which it operates, due to the globa I
COVID-19 pandemic	and	the generallockdown	imposed by		the	Government. The Trustees do not consider that
the COVID-19 pandemic		will have any effect	on the ability		ofthe		Trust to continue as a going concern.
TANGIBLE FIXEDASSETS
			h tdd			8
		Meeting Hall,	Meeting	Hall,			Property and	Furniture,
COST OR VALUATION		Fox Lane, ~Bracklef	Mallard ~hhi	Drive h			Land, High Cross ~Sresham	Fittings and ~8811	Total f
As at06.04.2020		1,500,000	152,870				990,458	17,238	2,660,566
Additions in Year		0			0		47,965	0	47,965
As at05.04.2021		1,500,000	152,870				1,038,423	17,238	2,708,531
DEPRECIATION
As at 06.04.2020							0	13,526	13,526
Charge for Year							0	928	928
As at 05.04.2021							0	14,454	14,454
NET BOOK VALUE
At05.04.2021		1,500,000	152,870				1,038,423	2,784	2,694,077
At 05.04.2020		1,500,000	152,870				990,458	3,712	2,647,040

	The following t	ransactions	are re	ported:-
					As at	As at
					05.04.2021	05.04.2020
(a)	Loans to the Trust				E	f
	By Probox Systems L.L.P.				100,000	100,000
	(ofwhich Mr. Simon P.Wells is a Partner)
	By immediate	relatives of	Trustees (as defined)		5,000	5,000
	Loans bearin	Interest	1/SS	er annum
	By immediate	relatives of	Trustees (as defined)		65,000	65,000
					170,000	170,000