2024-04-05-accounts

Charity Registration 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 2024

BRACKLEY FOX LANE GOSPEL HALI TRUST REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2024 CONTENTS SECflON I Pages 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 2024 CHARITY NAME Brackley Fox Lane Gospel Hall Trust REGISTERED CHARITY NUMBER 1159758 TRUSTEES Mr. Toby Campion Mr. Scott Douglass Mr. S. Laurence H. Gardner {Chairl Mr. Mark Leonard Reeves Mr. simon P. Wells TREASURER Mr. Toby Campion PRINCIPAL ADDRESS CIO Mr. Toby Campion, Firgo. Hinton Road. Brackley, Northants, NN13 7EQ. AUDITOR Lyndsay Nicholson ACA CTA, Statutory Auditor. Riverside Accountancy, Second Floor, 26 St. Georges Quay, Lancaster. Lancashire, LAI IRD. ACCOUNTANT Keith F. Pavey, Broadoak Accounting Services, 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 HAIL TRusr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 YH The Trustees present their Report along with the Financial Statements of the Charity for the Year Ended th 5 April 2024. 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 Trust. and constitutes an Unincorporated Charity. Brackley Fox Lane Gospel Hall Trust is constituted by a Deed of Trust dated 8 March 1979, subsequent th amending Deeds, and most recently by a Deed of Variation dated 8 August 2014. The Trust wa5 registered with the Charity Commission for England and Wales on 2. January 2015 under Charity Registration Number: 1159758. Recruitment and A ointment 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 has operated two Gospel Halls in the year, 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 Trustees of similar Charities with a view to pooling 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. Risk Mana ement 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. Ob"ectives and activities Ob"ectiyes 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 Testarnents of the Holy Bible as followed by those Christians forming part of the world-wide fellowship know as the Plymouth Brethren Christian Church (the 'Brethren"l 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 summari5ed in two schedules to the Trust Deed. Publlc 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.

Page 3 BRACKLEY FOX LANE GOSPEI HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED S" APRIL 2024 CONTINUED Main Activities and achievements The Trust provides and maintains two 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 their website- www. mouthbrethrenchristianchurch.or and in the schedules to the Trust Deed. The Trust's main achievement5 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 meetin8 Hall at High Cross, Syresham, which th was completed after the year end and brought into use from 8 May 2024. It has taken steps towards the sale in due course of the Fox Lane Gospel Hall and adjacent bungalow as further stated under"Plans for Future Periods and Activity since the Year End" It has also contributed to the running costs of Halls owned by the Cherwell Gospel Hall Trust, which has parallel objectives. Meetin Meetings normally held at the Gospel halls include the Lord's Supper (Communion). Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 450 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 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 main hall and V15itors are free to help themselves. readin the G05 el messa e 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 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. Members of the congregation have also supported a separate Charity, the Rapid Relief Team, and this has included supplying over 500 meals for staff at the Horton Hospital. Banbury; supplying 200 meals for a Search and Rescue training exercise with grab bags also donated,. and supplying 500 meals for the Fire Service and Volunteers at a major incident training exercise. SmartRRT bars and food boxes were also donated to Waynflete School in Brackley. A Public Benefit 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 living a Christian Life'.-

PaBe 4 BRACKLEY FOX LANE GOSPEL HALL TRUST TW REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 CONTINUED readin the Gos el me55a e and the life of a Christian Continued We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren). in accordance with the teachings of Holy 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 (including former Brethren) in order to present eternal salvation. available to all men by faith in Jesus Christ.12 Tim 4-2). We seek as members of the public to lead Christian lives as husbands and wives. parents, children, employers. employees and neighbours. {Col 3.22-25. Col 4'.1}. The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. IP5alm 127=3-51. The elderly are valued members of the community, for whom both their family and the wider community are expected to care. Holy Scripture commands us to be good neighbour5 to others. and deal with all other people lincluding former Brethren) openly, honestly and fairly and consistent with these principles, we should give our time, talents and money to assist those in need in the wider community. in so far as 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. Fundin Funding is sought through gifts and donations frorn the congregation. Grants are sometimes received from other charitable trusts with complementary objectives. Gift aid is also claimed on relevant gifts. Financial review Financial 05ition th In the Year ended 5 April 2024 the Trust had a surplus amounting to £258,933 of Incoming Resources against Resources Expended. In addition. a reduction in the value considered to apply to the Freehold Property at Fox Lane, Brackley of £438,240 was deducted from Revaluation Reserve. Total voluntary income received this year was £361,903 compared to £308,352 in the Year to S April 2023. Monies on Bank Account at the year end totalled £39.198. All Funds held were Unrestricted Funds. Reserves oli The Trustees have considered the level of reserves theywish 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 activities and projects. The congregation is kept regularly informed of needs accordingly, including rnatters referred to in the paragraphs below. Free reserves at the year end were £Nil, but Finance was substantially available through the Loan Finance provided. Plans for Future Periods and Artivi since the Year End The Trust plans to continue all the current activities.

Page 5 BRACKLEY FOX LANE GOSPEI HALL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5- APRIL 2024 CONTINUED Plan5 for Future Periods and Artivi since the Year End The construction of the new Gospel Hall at High Cross, Syresham has been completed on 8 May 2024 and brought into use from that date. Costs for that project of a further £132,000 approximately have been invoiced subsequent to these Accounts, and are subject to some further final accounting. An offer for the sale of the Fox Lane Gospel Hall with adjacent bungalow is currently under consideration. Pending such sale. repayment of the loan of £1,4(KI,LX)O from Central G.H. Trust commenced in August 2024 in accord with the loan agreement schedule, and funded by ongoing donations from Congregation Members. As stated under "Meetings" the Trust intends to continue using its Halls. as conditions permit, 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 a going concern. Statement of Trustees. Res onsibilities The Trustee5 are responsible for preparing the Report of the Trustees and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practice). 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 unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charity (Accounts and Reportsl 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: Toby Campion Trustee Date: 17th January 2025

PaEe 6 AUDITORS REPORT TO THE TRUSTEES OF BRACKLEY FOX LANE GOSPEL HALL TRUST TH FOR THE YEAR ENDED 5 APRIL 2024 Opinion WÈ have audited the financial statements of Brackley Fox Lane Gospel Hall Trust Ithe'charitWI for the year ended 5 April 2024 which comprise Statement of financial posf(Fon. statement of financial actrvities. cashflow statement and notes to the financial statements. including signffjcant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republicof Ireland {Untted Kingdom General￿ Accepted Accounting PractKe). In our opinion the financial Statements: give a true and fair view of the state of the charivs affairs as at 5 April 2024 and of its incoming re- sources and application of resources. including tts income and expenditure, 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 Charities Act 2011. Basis for opinion We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS (UK)) and applicable law. Our responsibilitie5 under those standards are further described in the auditor responsibilities for the audit of the financial ststements 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 ftjlfilled our other ethical reswnsibilities in accordance with these reqU1￿MentS. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Condu5ions relating to going Con￿rn 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 approprkate. Based on the work we have perfom)ed, we have r)ot identified any material uncertainties relating to events or conditions that, individually or collectivety. may cast signrficant doubt on the charivs ability to continue as a going concem fora period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the res￿nSibIlitieS of the trustees with respect to going con￿rn a￿ described in the relevant sections of this report. Other infomiation The other information comprises the infomation induded in the trustees, annual report, other than the financial statements and our auditorfs report thereon. The trustees are reswnsible for the other information. Our opinion on the financial statements does not cover other infomiation and we do not express any fom) of assurance conclusion thereon. 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 course of the audit or otherwise appears to be materialty misstated. If identfy such material inconsistencies or apparent material misstatements, we are required to determine whetherthis grves rise to a material misststement in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by e￿ption We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2(JJ8 require us to report to you rf. in our opinion: the infomation gNen in the tn￿tee5, rep)rt is inconsistent in any material respect with the financsal statements: or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records,. or we have not recerved all the information and explanatK)ns we require for our audit.

PaEe 7 AUDITORS REPORT TO THE TRUSTEES OF BRACKLEY FOX LANE GOSPEL HALL TRUST TH FOR THE YEAR ENDED S APRIL 2024 ReSpOr￿1b1lities of trustees As explained more fully in the trusteeg respK)nsibilities statement set out on page 6, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detemiine is 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 trustees are responsible for assessing the charitys ability to continue as a going concern, disclosin& as applicable, matters related to going concern and using the going con￿rn basis of accounting unless the trustees either intend to liquidate the charFty or to cease operations, or have no realistic alternative but to do so. Auditor responsibilities for the audit of the financial ststements We have been aPF)ointed as auditor under sertion 144of the Chartties Act 2011 and rep)rt in accordan￿ wÈth the Act and relevant regulations made or having effect thereunder. Our objertives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs rewrt that includes our opinion. Reasonable assuran￿ is a high level of assurance, bLrt is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when tt exists. Misstatements can arise from fraud or error and are considered material rf, indtvidualW or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Ilrregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibiltties, outlined above, to detect material misstatements in respert of irregularities, including fraud. The extent to which our procedures are capable of detecting ir￿gu￿arIties, including fraud is detailed below: Review of trustees minutes and review of nominal postings for legal and professional fees en- sured we identified any regulatory compliance issues and laws that charity must follow in the vear and to the date of signing the financial statements. The a55e55ment of fraud wa5 consider as low due to the segregation of duties seen, the low levels of cash handled. A review of journal entries and consideration of their appropriateness was carried out through the audit. During the audit we speak to trustees, test the systems and speak to various members of the finance function to understand the entity its processes and the nature of trade to assist in de- termining if the financial statements are true and fair. Challenging assumptions made by management in making their significant accounting esti- mates. Reviewing financial statement disclosure and testing to supporting documentation to assess compliance with applicable laws and regulations. Legacies and Donations are reviewed to ensure no restriction on funds are required to be allo- cated differently from the common funds. Because of the inherent limttations of an audTt, there is a risk that we will not detett all irregularities, including those leading to a material MI￿tateMent in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refleLted in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities oCCu￿1ng due to frdud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

Page 8 AUDITORS REPORT TO THE TRUSTEES OF BRACKLEY FOX LANE GOSPEL HALL TRUST FOR THE YEAR ENDED 5" APRIL 2024 As part of an audtt in accordance wtth ISAS IUKI. we exercise professM)nal judgment and maintain professional scepticism throughout the aLKlit. We also: Identify and assess the risks of material misstatement of the financial statements. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audtt evi- dence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higherthan forone resulting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override of internal con- trol. Obtain an understanding of intemal control relevant to the audÉt in order to design audit procedures that are appropriate in the circumstances, but not for the purwjse of expressing an opinion on the effectiveness of the charivs intern31 control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting esti- mates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtsined, whether a material uncertainty exists related to events or con- ditions that may cast significant doubt on the chariivs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorf5 report to the related disclosures in the financial statements or. rf such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to cease to continue as a going concem. Evaluate the overall presentation, strurture and content of the financial statements, including the dis- closures. and whether the financial statements represent the undedyin8 transactions and events in a manner that achieves fair presentation lie. gives a true and fairviewl. We communicate wtth those charged wtth governance ￿garding, among other matters, the planned scope and timing of the audit and signifKant audit findings. induding any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made Sole￿ to the charitys trustees, a5 a body. in accordance WFth Part 4 of the Charities {Accounts and ReF)0rts) Regulations 2(X)8. Our audit work has been undertaken so that we might stste to the charitvs trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charity and the charWs trusteesas a Ix)dy, forourauditwork, forthis report, orforthe opinions we have fomied. Lyndsay Nicholson ACA Foran on behalfof Riverside Accountonry Lancoster Limited CharteredAccountants & StatutoryAuditor Second Floor Riverside Offices 26 St Georges Quoy Lancaster LAI IRD 201oilz025.

Page 9 BRACKLEY FOX LANE GOSPEL HALL TRUST STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 5 APRIL 2024 TH Year to 05.04.2024 Total Yearto 05.04.2023 Total ALL ITEMS RELATE TO UNRESTRicfED FUNDS INCOME FROM Contributions from the Congregation Gift-Aid Donations Income Tax Repayable on Gift-Aid Payroll Giving Other Donations and Sundry Legacies 39,0(X) 81.474 20,369 41,640 74,321 18,580 1641 172,875 220,060 I,CK)O TOTAL INCOMING RESOURCES 361,903 308,352 EXPENDITURE ON PROPERTY RUNNING COSTS Council Tax, Water and Sewerage Light and Heat Repairs. Maintenance and Security Cleaning and Consumables Telephone and Broadband Insurance Training Professional Costs Interest Payable Sundry Depreciation 1,843 13,958 4.022 1,190 1,126 2.988 1,163 1,564 975 102 6,590 1,050 3,029 5,541 112 883 2,738 35 975 195 522 35.521 15.080 OTHER CHARITABLE AcfiviTIES Congregation Support Congregation - Covid test kits Costs in view of disposal of Fox Lane Hall Conference Costs Donated Services GOVERNANCE Costs Accountancy Audit Professional Support Costs 2,400 10.942 12.216 9,726 23,634 900 22.754 Note 8 10.728 3,230 4,164 3,041 2,995 3,150 4,429 TOTAL RESOURCES EXPENDED Note 9 102,970 61,940 NEf SURPLUS FOR THE YEAR 258,933 246,412 FUNDS BROUGHT FORWARD (Excluding Revaluation Reserve} REVALUATION RESERVE- Page 10 2,497,223 2.250,811 444,933 883,173 TOTAL FUNOS CARRIED FORWARD 3,201,089 3.380,396 The notes on pages 12 to 16 form a part of these Financial Statements. The above activities are classed as continuing. In addition to the gains or losses included above, there was a reduction in the Revaluation Reserve which is stated on the next page.

Page 10 BRACKLEY FOX LANE GOSPEL HALL TRUST TH REVALUATION RESERVE AS AT 5 APRIL 2024 Asat 05.04.2024 Asat 05.04.2023 REVALUATION RESERVE Relating to Uplift in Value over Cost of the Freehold Property at Fox Lane. Brackley Value Brought Forward 883,173 983,173 Reduction in the Valuation for the Year (438,240} {1(K),C￿OI As at the Year End 444,933 883,173

Page 11 BRACKLEY FOX LANE GOSPEL HAIL TRUST BALANCE SHEET AS AT 5" APRIL 2024 Asat 05.04.2024 Asat 05.04.2023 Notes TANGIBLE FIXED ASSETS Freehold Pro Per Schedule Meeting Hall & Southview, Fox Lane. Brackley Meeting Hall at Mallard Drive, Buckingham Hall under construction at High Cross. Syresham 1.5&2 1,475, 148,764 2.710.741 1,913,240 152,870 1,255,685 4,334,505 537,252 3.321.795 1,566 Plant, Fittings and Equipment TOTAL FIXED ASSETS 4,871,757 3,323,361 INVESTMENT In Unistrutt Limited CURRENT A55ETS Debtors Prepayments Bank Accounts 20,369 39.277 39.198 18.580 126,248 135,743 98,844 280,571 LESS: CURRENT UABILITIES Amounts Fallin Due Within One Year Creditors Accruals Unsecured Loans {153,4701 17,5441 {379,5001 {8,290) {6,748) {208,5(KJ} (540,5141 {223.538} CURRENT ASSETS LIABILITIES 1441,6701 57,033 TOTAL ASs￿s LESS CURRENT LIABIUTIES 4,430,089 3,380.396 LESS LIABILITIES DUE AFTER MORE THAN ONE YEAR Unsecured Loan {1.229.OCK)) NET ASSETS 3.201,089 3,380,396 Represented by:_ GENERAL UNRESTRicfED FUND REVALUATON RESERVE 2,756.156 444.933 2.497,223 883,173 TOTAL FUNDS 12 3,201,089 3,380.396 The audited Financial Statements were approved and authorised for issue by the Trustees of Brackley Fox Lane Gospel Hall Trust on the undermentioned date, and were signed on their behalf by Toby Campion l Trustee Date ir, January 2025 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 2024 ACCOUNTING POLICIES 1.1 Basis of Financial Statements The Financial Statements have been prepared in accordance with Accountin8 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 {FRS 102} issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021. and UK Generally Accepted Accounting Practice. The functional currency of the Charity is Sterling l£}. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant accountinE policv notes. 1.2 Incomin Resources Donations are recognised in the Year in which the Charity is entitled to and certain of receipt and the amount can be measured with reasonable certainty. Income isonly deferred when the charity has to fulfil conditions before becoming entitled to itorwhere the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donations 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 is considered to be equal to market value which would be paid were the service formally procured. This includes services paid to or by otherTrusts. Investment Income is accounted for on a receivable basis. 1.3 Resources Ex ended Expenditure is included on an accruals basis. Liabilities are recognised as soon as there 15 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 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 as stated in Note 9 ofthese Financial Statements. 1.5 Tan ible Fixed Assets and De Freehold Pro The Freehold Property at Fox Lane, Brackley, had been revalued at 5 April 2023 with an uplift over cost to that date of £883,173 having been credited to Revaluation Reserve. A reduction in the realisable value now reciation th th expected of £438.240 has been dedurted therefrom at 5 April 2024. From this year depreciation at 4% per annum has been charged in respect of the Meeting Hall at Mallard Drive. Buckingham. The resultant values in each case reflect the opinion of the Trustees supported by informal advice by qualified Property Agents. The Property at High Cross, Syresham is stated at cost in view of its ongoing development, completed subsequently. Plant Fittin sandE ment These items incorporated into the New Hall at High Cross, Syresham will not be depreciated until brought into use. The remaining items are depreciated at 25% per annum on a reducing balance basis. 1.6 Taxation The Trust is a registered 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.

Page 13 BRACKIEY FOX LANE GOSPEL HAII TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2024 CONTINUED ACCOUNTING POLICIES - CONTINUED 1.7 Funds 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. 1.8 Goin Concern The Trustees considerthat there are no material uncertainties about the charitys abilityto 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 carrying amounts of assets and liabilities within the next reporting period. 2. TANGIBLE FIXED ASSETS a. These comprise Plant, Fittings and ui Freehold Pro Total COST OR VALUATION As at 06.04.2023 Additions in Year Reduction in Valuation in Year 3,321.795 1,457.148 1438,2401 17.238 536,078 3,339,033 1,993,226 (438,2401 As at 05.04.2024 4,340,703 553,316 4.894,019 DEPRECIATION AND IMPAIRMENT As at 06.04.2023 Charge for Year 15.672 392 15,672 6,590 6.198 As at 05.04.2024 6,198 16,064 22,262 NET BOOK VALUE At 05.04.2024 4,334.505 537,252 4,871,757 At 05.04.2023 3,321,795 1.566 3.323,361 b. FREEHOLD PROPERTY Comprises'.- Meeting Hall & "SoUthvie￿. Fox Lane Brackle Hall under construction High Cross resham Meeting Hall, Mallard Drive Buckin ham Total COST OR VALUATION As at 06.04.2023 Additions in Year Reduction in Valuation in Year DEPRECIATION- For Year 1.913,240 152,870 2,092 1,255.685 1,455,056 3,321,795 1,457,148 1438,2401 (6,1981 1438.240) 16,1981 As at 05.04.2024 1,475.00) 148,764 2,710,741 4.334,505 The historic cost of the Freehold Property at Fox Lane, Brackley comprises'.- Original cost of Meeting Hall Cost of addition of "Southview" in 2022 516,827 513,240 The Meeting Hall and the Property"Southviev/' at Fox Lane are considered to now comprise one site. which is offered for sale.

Page 14 BRACKLEY FOX LANE GOSPEL HAIL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2024 CONTINUED c. HALL UNDER CONSTRUCTION- HIGH CROSS SYRESHAM Total Costs to 05.04.204 are: Freehold Property Plant, Fittings and Equipment therein 2,710,741 536.078 3.246,819 d. The Land Registry Title Numbers of Freehold Property Owned are: Meeting Hall. Fox Lane, Brackley-. NN136036 Property- Southview. Fox Lane. Brackley: NN276763 Meeting Hall, Mallard Drive, Buckingham: BM390826 and BM433898 Property and Land. High Cross. Syresham- HN15568; HNI59￿ and NN352917 3. INVESTMENT: IN UNISTRucf LIMITED The Trust holds 2 £1 Ordinary Shares in Unistruct Limited, being the entire 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. UNSECURED LOAN th As at S April 2024 Unsecured Loans include the following from Central G.H. Trust, which is a Gospel Hall Trust with wider geographic objectives. Current Liabilities Amount falling due Within One year 171,000 Liabilities Due after more than One Year Due within Year 2 Due within Years 3-5 Due after Year 5 223.2(J) 806,600 199.200 1,229,OC Owed to Central G.H. Trust as at 05.04.2024 1,400,OCK) In the event of the sale of the Fox Lane Gospel Hall the sum of £1,2(X).O(X) is repayable within one month of completion, and the remaining £2LJ).LM) within 10 months of completion, (or the respective outstanding balances, if less) 5. 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. 6. EMPLOYEES The Trust had no Employees in this year or the preceding year.

Page IS BRACKLEY FOX LANE GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5- APRIL 2024 CONTINUED 7. VOLUNTEERS The Trust relies on volunteers to carry OLJt Management. Administration and certain Maintenance work. 8. DONATED SERVICES These were: Yearto 05.04.2024 Year to 05.04.2023 To Cherwell Gospel Hall Trust For Meeting Hall Running Expenses 22,754 10.728 9. RESOURCES EXPENDED PER STATEMENT OF FINANCIAL AcfiviTIES Year to 05.04.2024 Property Other Charitable Runnin Costs Activities Year to 05.04.2023 Totals Direct Costs Support Costs Governance Costs 35,521 2,21JJ 5.345 57.014 841 2,049 92,535 3.041 7,394 51,366 4.429 6,145 43,066 59,904 102,970 61,940 Governance and Support Costs are allocated on the basis of relevant involvement 10. AUDIT AND INDEPENDENT EXAMINER'S FEES These were: Year to 05.04.2024 Year to 05.04.2023 Audit Fees 4.164 3,150 11. POST BALANCE SHEET EVENTS AND CAPITAL COMMITMENTS th The construction of the new Gospel Hall at High Cross, Syresham has been completed on 8 May 2024 and brought into use from that date. Costs for that project of a further £132,lJ)O approximately have been invoiced subsequent to these Accounts, and are subject to some further final accounting. An offer for the Sale of the Fox Lane Gospel Hall with adjacent bungalow is currently under consideration. Pending such sale, repayment of the loan of £1.4￿,[￿￿) from Central G.H. Trust commenced in August 2024 in accord with the loan agreement schedule. No fresh capital commitments have been entered into up to the date of signing these Accounts.

Page 16 BRACKLEY FOX LANE GOSPEL HALI TRUST TH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 CONTINUED 12. MOVEMENT IN FUNDS Opening Balance Incoming Resources Resources Ex ended Closing Balance TH YEAR TO 5 APRIL 2024 Unrestricted Funds General Fund Revaluation Reserve 2.497,223 883,173 361,903 {102,970) {438.240) 2,756,156 444.933 Total Funds 3.380.396 361,903 {541,210) 3,201,089 YEAR TO 5- APRIL 2023 Unre5trirted Funds General Fund Designated Fund Revaluation Reserve 2.250.811 305.952 2,400 (59.540) I2.4￿)} {I(KI,OQKJ} 2,497,223 983.173 883,173 Total Funds 3.233.984 308.352 {161.940) 3,380.396 th The former Designated Fund ceased during the year to 5 April 2023. There were No Restricted Funds at any time in the 2 Years to 5, April 2024. 13. RELATED PARTY TRANSAcfioNS The following transactions are reported..- Asat 05.04.2024 Asat 05.04.2023 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) Loan bearin Interest IY2% er annum By immediate relative of Trustee las defined) 100,c I￿,000 65,OCM) 65,OCX) 165.000 165.000 Interest Paid on the latter mentioned borrowing was £975 in the Year to 05.04.2024; and £975 in the Year to 05.04.2023. Ibl Donations Received Donations were received from Trustee5. and parties connected thereto, in the following totals:_ Year to 05.04.2024 Year to 05.04.2023 101.248 97.916 ments to Unin5truct Limited (See Note 3) Costs incurred relating to Meeting Hall construction were-. Year to 05.04.2024 Year to 05.04.2023 1,972,124 244,372 Deposits towards future costs of £37.3IXI were also included in Prepayments at 05.04.20241£123,3QKI at 05.04.2023).

Brackley Fox Lane Gospel Hall Trust Public Benefit and Outreach 2023/24

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

Summary;
Place	SUM of No. Preachers	SUM of No. Tracts	SUM of Interested Persons
Banbury	5	5	0
Brackley	469	517	8
Buckingham	238	140	0
Grand Total	712	662	8

Contact and support

Some members of our Congregation assisted the Rapid Relief Team charity in the following work. This outreach work was majorly curtailed due to the Covid Pandemic. However we did take part in the 4 events below:

7[th] September 2023

500 meals across breakfast and lunch for Fire service and volunteers at a Major incident training exercise at Wescott.

17[th] July 2023

Supported a Search & Rescue training Exercise with breakfast and lunch – 200 meals. As well as grab bags donated for the final day of the exercise

5[th] July 2023 –

Meals for all staff at the Horton Hospital, Banbury, as part of a staff appreciation day at the hospital – over 500 meals served

December 2023 –

SmartRRT bars and food boxes donated to Waynflete School in Brackley