2023-04-05-accounts

Charity Registratlon No: 1159758 BRACKLEY FOX LANE GOSPEL HALL TRUST Re ort of the Trustees and Audited Financial Statements th For the Year Ended 5 A ril 2023

BRACKLEY FOX LANE GOSPEL HALL TRUST REPORT OFTHE TRUSTEES AND AUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 5- APRIL 2023 CONTENTS SECTION I Page5 Reference and administrative details Report of the Trustees Report of the Auditor Statement of Financial Activities Revaluation Reserve io Balance Sheet li Notes to the Financial Statements 12-16 SEcfioN 2 Public Benefit and Outreach Report

Page I BRACKLEY FOX LANE GOSPEL HALL TRUST REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 5- APRIL 2023 CHARITY NAME Bratkley Fox Lane Gospel Hall Trust REGISTERED CHARITY NUMBER 1159758 TRUSTEES Mr. Toby Campion Mr. Scott Douglass Mr. S. Laurence H. Gardnef Ichairl Mr. Mark Leonard Reeve5 Mr. Simon P. Wells TREASURER Mr. Toby Campion PRINCIPAL ADDRESS CIO Mr. Toby Campion, Firgo. Hinton Road. Brackley, Northants, NN13 7EQ AUDITOR Pareto Analysis Limited, 23 Wadham Street, Weston-super-mare, BS23 IJZ ACCOUNTANT Keith F. Pavey, Broadoak Accounting Service5. 6 The Oaks, Wembdon Rise, Bridgwater, Somerset. TA6 7QL. BANKERS Barclays Bank Plc, 32 Bridge Street, Banbury. Oxon, OX16 5PN.

Page 2 BRACKLEY FOX LANE GOSPEL HALL TRUST REPORT OFTHE TRUSTEE5 FOR THE YEAR ENDED 5- APRIL 2023 The Trustees present their Report along with the Financial Statements of the Charity for the Year Ended 5, April 2023. The Financial Statements have been prepared in accordance with the accounting policies set out on pages 12- 13 and comply with the Trust Deed and applicable law. Structure Governance and Mana ement Governin Document The Charity is controlled by a Deed of Tnjst. and constitutes an Unincorporated Charity. Brackley Fox Lane Gospel Hall Trust is constituted by a Deed of Trust dated 8, March 1979, subsequent amending Deeds, and most recently by a Deed of Variation dated 8 August 2014. The Trust was registered with the Charity Commission for England and Wales on 2. January 2015 under Charity Registration Number= 1159758. Recruitment and A olntment of New Trustees The Trustees who have served during the year and since the year end are set out on page l. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the Year, nor in the preceding financial year. The Trust operates two Gospel Halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustee5 or by the congregation and must be appointed by unanimous re501ution of the conEre8ation. They are selected atcordirsg to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees, eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees. who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance. Wider Network The Trustees maintain informal links with Trustees of similar Charities with a view to poolinE experience considered useful in pursuing the objects of the Charity- The Charity also maintains particular links with Cherwell Gospel Hall Trust. with which it shares members of its congregation. Rlsk Mana ement The Trustee5 have idenlified 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. Ob ectives and artivitles Ob ectives and alms 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 forrning part of the world-wide fellowship know 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 undèr gertion 4 of the Charitie5 Act 2011 to have due regard to the Charity Commission's general guidance to charities on public benefit.

Page 3 BRACKLEY FOX LANE GOSPEL HALL TRUST REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2023 CONTINUED Main Activities and achievements The Trust provides and maintains two Gospel Halls where religious meetin8s are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on their website - www. mouthbrethrenchristianchurch.or and in the schedules to the Trust Deed. The Trust's main achievements this year have been to maintain the Gospel Halls for the continuing use of the congregation and visitors. It has also encouraged works by the congregation, as described below. It has also continued to progress the construction of a new meeting Hall at High Cross, Syresham. which Is expected to be completed in early 2024. A bungalow adjacent to the Fox Lane Gospel Hall was acquired in the year to facilitate the eventual sale of that Hall and site. The Trustees had also established an Emergency Needs fund for the duration of the current pandemic and any resultant economic downturn. This provided 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 andlor welfare of members of the household. This fund has been discontinued during 202212023. as its purpose was considered fulfilled. Meetin Meetings normally held at the Gospel halls include the Lord's Supper (Communion), Gospel preachin8S, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting. between 30 and 450 people normally attend these occasion5. 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 times of Gospel preaching5, along with a telephone number for those seeking further information or help. Gospel tracts. which are distributed by street preachers. also display this infomiation. Bibles and an extensive range of other Christian reading material are on display at the main hall and visitors are free to help themselves. With the easing of the previous Coronavirus restrictions, the use of the Gospel Ha115 wa5 largely re5urned. Subject to ongoing care as to the necessary safety consideration5. readin the Gos el messa e and the life of a Christian The Gospel Ha115 are a base from which the regular congregation and othèrs who attend the meetin8S are encouraged to spread the Christian Gospel, in word and deed. Members of the congfegation normally participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers and to be handed out to interested members of the public. Such preachings had been curtailed due to the Covid pandemic but were restarted from 28 March 2023 and onward. Members of the congregation have also supported a separate Charity, the Rapid Relief Team, and this included serving 1,5CQ meals to Horton Hospital staff in June 2022, serving I,SW meals to the public at Aylesbury Fire Station Open Day in September 2022, and providing 250 meals to emergency services, students and staff at a Westcott Major incident-university of Buckingham in the same month. A full Public Benefit and Outreach Report is attached. 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 livirbg a Christian Life:_

BRACKLEY FOX LANE GOSPEL HALL TRUST Page 4 TH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2023 CONTINUED readin the 05 el messa e and the life of a Christian Continued We seek and afe 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 Scripture11 Tim 2=21 We regularly go out from our homes to preach on the streets. to distribute Christian literature and engage with the wider community lincluding former Brethren) in order to present eternal salvation, available to all men by faith in Jesu5 Christ.12 Tim 4.21. We seek a5 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}. The preservation and protection of the family unit is fundamental and children are prized 35 a blessing from God. (Psalm 127'.3-51. The elderly are valued members of the community. for whom both their family and ihe wider community are expected to care. Holy Scripture commands us to be good neighbours to others. and deal with all other people lincluding former Brethrenl openly, honestly and fairly and consistent with these principles, we should give our time, talent5 and money to assist those in need in the wider community, in so far as reasonable given our abilities and our available resources. (Matt 7=12, Matt 22..39, Eph 4.281. Volunteers Brackley Fox Lane Gospel Trust relies on volunteers to carry out the management, administration and, where appropriate, general maintenance work. The Trust has no paid staff or paid Trustees. Fundln Funding is sought through gifts and donations from the congregation. Grants are sometime5 received from other charitable trusts with complementary obiecttves. Gift aid is also claimed on relevant gifts. Financial review Flnanclal In the Year ended 5, April 2023 the Trust had a surplus amounting to £246,412 of Incoming Resources against Resources Expended on General Fund; and a Nil surplus on Designated Fund which wa5 closed in the year. A reduction in the value conside￿d to apply to the Freehold Property at Fox Lane, 8rackley of £IOO,O(XJ was deducted from Revaluation Reserve. Total voluntary income received this year was £308,352 compared to £3S2.355 in the Year to 5 April 2022. Monies on Bank Account at the year end totalled £135,743. 05ition All Funds held were Unrestricted Funds. Reser¥es The Trustee5 have considered the level of rese￿e$ they wish to retain. appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees have a programme of raising further funds by way of donations and collections, and if necessary loans, in order to fund intended projects, including that referred to below. The congregation is kept regularly informed of needs accordingly, including matters referred to in the paragraphs below. Free reserves at the year end were £57,033. ns for Future Periods The Trust plans to continue all the current activities.

Page 5 BRACKLEY FOX LANE GOSPEL HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5-APRIL 2 23 CONTINUED Plans for Future Period5 continued The construction of a new Gospel Hall at High Cross, Syresham has continued with completion expected in early 2024, and at a total cost of construction (additional to the c05t of the site originally) of between £1,800,00 and £1,900,0(KJ. The overall funding will be achieved by raising further funds by donations and collections as stated above, and by the sale of Fox Lane Gospel Hall and adjacent bungalow following that completion. Meanwhile £1.200,000 has been borrowed, interest free and on a short term basis pending such sale, from Central G.H. Trust, a charity with comparable objectives nationwide. Further borrowing from the same source 15 available as required. As stated under "Meetings" the Tmst intends to continue using its Halls. as conditions pemiit, and despite increased costs of energy and other overheads, the Trustees do not believe that any factors will impact on the ability of the charity to continue as 3 going concern. Statement of Trustees. Res 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). onsibilities The law applicable to charities in England and Wales, the Charities Act 2011, Charity IAccounts 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 select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent,. prepare the Financial Statements on the going concern basis unles5 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 finantial position of the Charily and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two Trustees. On behalf of the board.. Finance Trustee Date.. 26th January 2024

Page 6 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRACKLEY FOX LANE GOSPEL HALL TRUST FOR THE YEAR ENDED 5-APRIL 2023 Opinion We have audited the financial statements of Brackley Fox Lane Gospel Hall Trust for the year ended 5 April 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charity's affair5 as at 5 April 2023 and of its incoming resources and application of resources. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Charitie5 Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast signifrcant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Infomiatlon The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements doe5 not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the avdit or otherwise appears to be materially mi5Stated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselve5. If, based on the work we have performed. we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard.

Pa8e 7 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRACKLEY FOX L4NE GOSPEL HALL TRUST TM FOR THE YEAR ENDED 5 APRIL 2023 Matters on which we are required to report by exception We have nothing to report in respect of the following matters Whe￿ the Charities IAccounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements,. or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records and returns: or we have not received all the information and explanations we require for ovr audit. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities. the trustees are responsible for the preparation of the financial statements which give o true and fair view, and for such internal control as the trustees determine 15 necessary to enable the preparation of financial Statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trvstees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements We have been appointed a5 auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a hi8h level of assurance, but is not a guarantee that a audit conducted in accordance with 15A5 IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of deterting Irregularltles, Includlng fraud Is detalled below: We assessed the susceptibility of the ch3ritVs financial statement5 to material misstatement and how fraud might occur. including through discussions with the trustees. discussions Wlthin our audit team planning meeting, updating our record of internal controls and ensurinB these controls operated as intended. We evaluated possible incentives and opportunities for ffaudulent manipulotion of the financial statements. We identified laws and regulations that are of significance in the context of the charity by discussions with trustees and updating our understanding of the sector in which the charity operates. Laws and regulations of direct Significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and fleportsl Regulations 2(K18 and guidance issued by the Charity Commission for England and Wales.

Page 8 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF BRACKLEY FOX LANE GOSPEL HALL TRUST TH FOR THE YEAR ENDED 5 APRIL 2023 Our approach was as follows: We considered the extent of compliance with these laws and regulations as part of our audit procedures on the related financial statement items including a review of financial statement disc105ures. We reviewed the charity's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify F)Otential material misstatements arising. We discussed the charity's policie5 and procedures for compliance with laws and regulations with members of management responsible for compliance. We enquired of management whether they were aware of any instances of non-compliance with laws and reEulation5 or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management override of controls by testing the appropriateness of journal entries and identifying any significant transactions that were unusual or outside the normal course of business. We assessed whetherjudgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the audit. the engagement partnerfs review included ensuring that the team had approached their work with appropriate professional sceptlclsm and thus the capacity to identify non-compliance with laws and regulations and fraud. There are inherent limitations in the audit procedures described above and the ftjrther removed non- compliance with laws and regulations is from the events and transactions reflected in the financial Statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud 15 higher than the risk of not detecting one resulting from error, as fraud mav involve deliberate concealment by, for example, forgery or intentional misrepresentations or through collusion. A further description of our responsibilitie5 for the audit of the financial statements Is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use ofour report Thi5 report is made solely to the charity's trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2CKJ8. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to an other than the charity and the charity's trustees as a body, for our audit work. for this report, or rth pinions we have form Pa iam John Senior tutory Auditor Pareto Analysis Ltd Statutory Auditor Parkview 23 Wadham Street We5ton-super-Mare Somersèt B523 IJZ

Page 9 BRACKLEY FOX LANE GOSPEL HALL TRUST F FINAN IA AcfiviTIE5 FOR THE YEAR ENDED STATEMENT APRIL 2023 r to 05.04.2023 Designated Fund Year to 05.04.2022 Total ALL ITEMS RELATE TO UNREsTRl￿ED FUNDS General Fund Total INCOME FROM Contributions from the Congregation Gift-Aid Donations Income Tax Repayable on Gift-Aid Payroll Giving Other Donations and Sundry Legacies 39.240 74.321 18,580 1641 172,875 2.400 41.640 74.321 18.580 1641 172.875 52,890 74,056 18,514 188.245 18,650 TA IN MIN RE 305,952 2,400 308,352 352,355 EXPENDITURE ON PROPERTY RUNNING COSTS Council Tax, Water and Sewerage Light and Heat Repairs. Maintenance and Security Cleaning and Consumables Telephone and Broadband Insurance Bank Charges Sundry Interest Payable Depreciation 1.050 3,029 5,541 112 883 2.738 102 128 975 522 1,050 3,029 5,541 112 883 2.738 102 128 975 522 1,240 2.363 2,248 98 35 975 696 15.080 15,080 8,217 OTHER CHARITABLE AcfiviTIES Congregation Support Congregation- Covid test kits Costs in view of disp0531 of Fox Lane Hall. Brackley Donated Services GOV£RNANCE COSTS Accountancy Audit Professional Support Costs 2.400 2,400 10,942 23,400 10.942 12.216 10.728 12,216 10,728 21,318 1,353 Note 7 2,995 3,150 4.429 2.992 3.150 4,429 2.598 2,250 2.492 TOTAL RESOURCE EXPENDED Note 8 59.S40 2,4 61,940 61,628 NETSUR LU FOR THE YEAR 246.412 246,412 290,727 FUNDS BROUGHT FORWARD IExcluding Revaluation Reserve) 2.250,811 2.250,811 1,960.084 REVALUATION RESERVE- Page 9 883.173 883,173 983,173 TOTAL FUNDS CARRIED FORWARD 3.380.396 3.380.396 3,233,984 The notes on pages 12 to 16 form a part of these Financial Statements. The above activities are classed as continuing except for those of the Designated Fund which has now ceased. In addition to the gains or losses included above, there was a reduction in the Revaluatiorh Reserve which is stated on the next page.

Page 10 BRACKLEY FOX LANE GOSPEL HALL TRUST REVALUATION RESERVE AS AT 5- APRIL 2023 Asat 05.IVI.2023 As3t 05.04.2022 REVALUATION RESERVE Relating to Uplift in Value as at 5 April 2018 of the Freehold Meeting Hall at Fox Lane, Brackley 983.173 983,173 Reduction in the Valuation of the above Property for the year to 5 April 2023 IICK),OC(JI A5 3tthe Year End 883,173 983,173

Page 11 BRACKLEY FOX LANE GOSPEL HALL TRUST BALANCE SHEEfAS AT 5-APRIL 2023 Asat 05.04.2023 Asat 05.04.2022 Notes TANGIBLE FIXED ASSETS Freehold Pro ert Per Schedule Meeting Hall at Fox Lane, Brackley Meeting Holl at Mallard Drive, 8uckingham Property and Land at High Cross, Syresham Property- Southview, Fox Lane. Brackley 1.5&2 1,400,OCK) 152,870 1,255,685 513,240 I,500.0￿) 152,870 1.104,563 3.321,795 1,566 2.757.433 2.088 Furniture Fittings and Equipment TOTAL FIXED ASSETS 3,323,361 2.759.521 INVESTMENT In Unistruct Limited CURRENT ASSETS Debtors Prepayments Bank Accounts 18,580 126,248 135.743 18.514 21,545 721,561 280,571 761.620 LESS.. CURRENT LIABILITIES Amounts Fallin Due Within One Year Creditors Accruals Unsecured Loans 18.2901 16,7481 1208,5001 18,2981 15,3611 1273,5(K)I 1223,5381 1287,1591 NET CURRENT ASSETS 57.033 474.461 NET ASSETS 3,380,396 3.233,984 Represented by=" FUNDS- UNRESTRICTED FUNDS General Fund Designated Fund 2.497,223 2,250,811 2,497.223 2,250,811 REVALUATON RESERVE 883,173 983,173 TOTAL FUNDS 12 3.380.396 3,233,984 The audited Financial Statement5 were approved and authorised for issue by the Trustees of Brackley Fox Lane Gospel Hall Trv5t on the undermentioned date, and were signed on their behalf by.. Toby Campion Finance Trustee Date .' 26th January 2024 The Notes on Pages 12 to 16 form a part of these Financial Statements.

Page 12 BRACKLEY FOX LANE GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 TH ACCOUNTING POLICIES 1.1 Basis of Financial Statements The Financial Statements have been prepared in accordance wilh Accounting and Reporting by Charities.. Second edition of the 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 IFRS 1021 i55ued in October 2019. the Financial Reporting Standard applicable in the Ufiited Kingdom and Republlc of Ireland IFRS 1021. and UK Geneially Accepted Accounting Practice. The functional currency of the Charbty 15 Sterling 1£). The Charity meets Ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recogni5ed at historical cost or tfan5aCtion value unle55 Otherwise stated in the relevant accounting policy notes. 1.2 In min Resource5 Donations are recognised in the Year in which the Chariiy is entitled to and certain of receipt and the amount can be measured with reasonable certainly. 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 futvre year. Gift aid Is added to the value of the donations to which it relates. Donated services are fetoenised a5 Incoffle and expendituie In the financial statements when or8anisations or individuals offer their services and support pro bono. The value of these donated services is considered to be equal to market value which would be paid were the service formally procured. This include5 services paid to or by other Trusts. Investment Income is accounted for on 3 receivable ba51S. 1.3 Reso rces Ex ended 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 actsvities compiise those costs directly attributèble to the fulfilment of the Charitable objects. 1.4 Governance 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 reqvirernents. Governance and support cost5 are allocated a5 Stated in Note 8 of these Financial Statements. 1.5 Tan Ible Fixed Asset Ffeehold Pro ert The Freehold Property owned at Fox Lane. Brackley. had been Tevalued at S April 2018 in accord with inforrnal advice from Profession31 Valuers and the uplift in a sum of £983.173 had been credited to Revaluation Reserve. A reduction in the realisable value now expected of £IOO,O(X) ha5 been (Jeducied ai S, April 2023. The Valuation of Other Freehold Property hès been reviewed. but no change thereto is deemed necessary, and is stated at C05t to date. The Property at High Cross. Syresham is srated at C05t includin8 professional fee5 Wlth a view of the ongoing development. The Freehold Bungalow at Southview, Fox Lane. Brackley, acquiTed In the year is stated at cost which is considered to remain realisable. ndDe reciation Furnit sandE ment These are stated in the 8alance Sheei at Cost less depreciation. DepreC￿atIOn 15 charged at 25% per annum on the reducing balance basis. 1.6 Taxation The Trust is a re81Stered Charity and is not liable to United Kingdom taxation on charitable activities, provided Income falls within the Charitable exemptions and is Spent on charitable purposes. 1.7 Fund All Funds are General Unrestricted Funds and are free for the Trustees to use for any purpose in furtherance of the Trust's charitable objects. A Designated Fund had been established for which figures are stated on page 8 , but which was discontinued during the year.

Page 13 BRACKLEY FOX LANE GOSPEL HALL TRUST NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 TH CONTINUED ACCOUNTING POLICIES- CONTINUED 1.8 Goin Concern The Trustees consider that there are no material uncertainties about the charit(5 ability to continue as a going concern. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carryin8 amounts of asset5 and liabilities within the next reporting period. 2. TANGIBLE FIXED ASSETS a. These comprise Furniture, Fittings and ui ment Freehold Pro ert Total COST OR VALUATION As at 06.04.2022 Addition5 in Year Reduction in Valuation in Year 2,757,433 664,362 1100,0001 17,238 2,774,671 664,362 Iicx),0001 As at 05.04.2023 3,321,79S 17.238 3,339,033 DEPRECIATION As at 06.04.2022 Charge for Year 15,150 522 15,150 522 As at 05.04.2023 15,672 15,672 NET BOOK VALUE At 05.04.2023 3.321,795 1,566 3,323,361 At 05.04.2022 2.757,433 2.088 2,759,521 b. FREEHOLD PROPERTY Comprises'.- Property Southview Fox Lane Brackle Meeting Hall, Fox Lane. Brackle Meeting Hall, Mallard Drive Buckin ham Property & Land. High Cross resham Total COST OR VALUATION As at 06.04.2022 Addifions in Year Reduction in Valuation in Year 11(K),QMX)} 1,500.000 152,870 1,104,563 151,122 2.757,433 664,362 1100,CN)01 513,240 As at 05.04.2023 1,400,1J)) 152.870 1,255,685 513.240 3,321,795 The historic cost of the Meetin8 Hall at Fox Lane. Brackley is £516.827.

Page 14 BRACKLEY FOX LANE GOSPEL HALL TRUST NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENOED 5- APRIL 2023 CONTINUED The Land Registry Title Numbers of Freehold Property Owned are: Meeting Hall, Fox Lane. 8rackley'. Meeting Hall, Mallard Drive, 8uckingham.' Property and Land. High Cross. Syresham= Property- Southview, Fox Lane, Brackley= MN136036 BM390826 and BM433898 HN15568,. HN159W and NN352917 NN276763 3. INVESTMENT: IN UNISTRucf LIMITED The Trust holds 2 £1 Ordinary Shares in Unistruct Limited. being the entlfe Issued Share Capital. This Company has been formed for the purpose of undertaking the construction of the New Meeting Hall at High Cross, Syresham. 4. TRUSTEES. REMUNERATION AND EXPENSES No Trustees received any remuneration for services rendered. Expenses incurred were reimbursed, if applicable, at cost, with no benefit whatsoever arising to the recipient. 5. EMPLOYEES The Trust had no Employees in this year or the preceding year. 6. VOLUNTEERS The Trust relies on volunteers to carry out Management. Administration and certain Maintenance work. 7. DONATED SERVICES These were:. Yearto 05.04.2023 Year to 05.04.2022 To Cherwell Gospel Hall Trust For Meeting Hall Running Expenses (net of amount receivedl 10,728 1,353 8. RESOURCES EXPENDED PER STATEMENT OF FINANCIALACTIVITIES Year to 05.04.2023 Property Other Charitable Runnin Costs Activities Year to 05.04.2022 Tot315 Dirert Costs Support Cost5 Governance Costs 15,080 1,617 2.243 36.286 2.812 3,902 51,366 4,429 6,145 54,288 2492 4,848 18,940 43.(KKI 61.940 61,628 Governance and Support Costs are allocated on the basis of relevant involvement 9. AUDIT AND INDEPENDENT EXAMINER'S FEES These were: Year to 05.04.2023 Year to 05.04.2022 Audit Fees 3,150 2,250

Page 15 BRACKLEY FOX LANE GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2023 CONTINUED 10. POST BALANCE SHEET EVENTS AND CAPITAL COMMITMENTS The construction of a new Gospel Hall at High Cr05s. Syresham has continued with completion expected in early 2024. and at a total cost of construction (additional to the cost of the sile originallyl of between £1,800,00 and £1,900,000. The overall funding will be achieved by raising further funds by donations and collections as stated above, and by the sale of Fox Lane Gospel Hall and adjacent bungalow following that completion. Meanwhile £1,200,000 has been borrowed, interest free and on a short term basis pending such sale, from Central G.H. Trust, a charity with comparable objectives nationwide. Further borrowing from the same source is available as required. 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Unrestricted Fund Designated Fund Total Funds TH AS AT 5 APRIL 2023 Tangible Fixed Assets Investment Current Assets Current Liabilities 3.323.361 3,323,361 280.571 1223.5381 280,571 1223,5381 Total Funds 3,380,396 3,380,396 TH AS AT 5 APRIL 2022 Tangible Fixed Assets Investment Current Assets Current Liabilities 2.759,521 2.759,521 761,620 1287.1591 761,620 1287,1591 Total Funds 3.233.984 3.233,984 The Designated Fund ceased during the year to sih April 2023. There were No Restricted Funds at any time in the 2 Year5 to 5th April 2023. 12. MOVEMENTS IN FUNDS Opening Balance Incoming Resources Resourtes Ex ended Closing Balance YEAR TO 5" APRIL 2023 Unrestricted Funds General Fund Designated Fund Revaluation ReseTve 2,250,811 305,952 2.400 159,540} 12,4001 11(KJ,Cx)01 2,497,223 983,173 883.173 Tot81 Funds 3,233,984 308,352 1161.9401 3,380,396 YEAR TO 5- APRIL 2022 Unrestricted Funds General Fund Designated Fund Revaluation Reserye 1,959,334 750 983.173 329,705 22.650 138,228} 123.4001 2,250,811 983,173 Total Funds 2,943,257 352,355 161.6281 3,233,984 The Designated Fund ceased during the year to 5th April 2023. There were No Restricted Fund5 at any time in the 2 Year5 to 5 April 2023.

Page 16 BRACKLEY FOX LANE GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2023 CONTINUED 13. RELATED PARTY TRANSAcfioNS The following transactions are reported=. Asat 05.04.2023 Asat 05.04.2022 lal Loans to the Trust- Interest free unless otherwise stated By Probox Systems L.L.P. lof which Mr. Simon P. Wells is a Partner) Loans bearin Interest 1%% erannum By immediate relatives of Trustees las defined) 100.LK)O 100,000 65,000 65,000 165,C(JO 165,000 Interest Paid on the latter mentioned borrowing was £975 in the Year to 05.04.2023,' and £975 in the Year to 05.04.2022. Ibl Donatlons Received Donations were received from Trustees during their period of office, and parties connected thereto, in the following totals= Yearto 05.04.2023 Year to 05.04.2022 97.916 85,627 ments to Uninstruct Limited (See Note 31 Costs incurred, which are preliminary to Meeting Hall construction were= Yearto 05.04.2023 Year to 5.04.2022 244.372 59,235 Deposits towards future costs of £123.300 were also in¢luded in Prepayment5 at 05.04.2023 and of £20,000 at 05.04.2022.

Brackley Fox Lane Gospel Hall Trust Public Benefit and Outreach 2022/23

One of the Trust's principal activities that furthers its objects is providing a facility for the coordination of "outreach" work into the wider community.

The Trust continues to maintain its outreach activities. This report includes some of the things we have been engaged in.

Members of the Congregation, acting under the directions of the trustees and with their full and active encouragement, have continued with the "outreach" work which they have carried out for many years.

Gospel tracts and literature available from the Gospel Hall

The Trust maintains a display of gospel tracts, literature and Bibles in the foyer of its principal Gospel Hall and this fact is advertised on the Sign Board at the street entrance

Street preaching's and tract distribution

During 2020/21/22 we have been unable to maintain the long standing committal to the open air preaching due to Covid related restrictions. It is however our intentions to restart

Contact and support

Some members of our Congregation assisted the Rapid Relief Team charity in the following work:

June 2022 - Horton Hospital – RRT served 1500 meals to Hospital staff

Sept 2022 - Aylesbury Fire Station Open Day – RRT served 1500 meals to the public

September 2022 - Westcott Major Incident – University of Buckingham. RRT provided 250 meals to emergency services, medical students and staff.

Upcoming RRT events

• Supplying schools with Early Bird Learning Kits and RRT Breakfast Bars

• Providing meals to Northants Fire Service when they are doing a intense 2 day training course.

We are open to further suggestions from the congregation which we will review and then put forward for approval at one of our regular trustee meetings.