2023-04-05-accounts - Reading Gospel Hall Trust

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CONTENTS
			Pages
Reference and administrative		details
Report ofthe Trustees			2-5
Auditor's Report			6-8
Statement of Financial	Activities		9- 10
Balance Sheet
Notes to the Financial	Statements		12 - 17

~cd	ii				Reading Gospel	Hall Trust	Hall Trust
Re	istered		charit	number	1159954
Trustees					Richard James Hearn
					Roger David Humphreys
					Andrew Keith Parsons		(Chair)
					Howard Tennent
					Charles Andrew	White
Treasurer					Charles Andrew	White
~di	i	i	dd		C/0 Charles Andrew White,
					62 Wokingham	Road,
					Crowthorne,
					Bracknell,
					Berkshire
					RG45 7OA.
Accountant					Keith F. Pavey,
					Broadoak Accounting		Services,
					6The Oaks,
					Wembdon Rise,
					Bridgwater,
					Somerset,
					TAB 7'.
Auditor					Pareto Analysis	Limited,
					23 Wadham Street,
					Weston-super-Mare,
					BS231JZ.
Bankers					Lloyds Bank,
					Broad Street,
					Reading,
					Berkshire,
					RG1 2BT.

				Year to	05.04.2023		Yearto
ALL ITEMS RELATE TO UNRESTRICTED				General Designated			05.04.2022
FUNDS				Fund f	Fund f	Tota If	Totalf
INCOME FROM
Company Donations				152,460		152,460	151,560
Contributions from the Congregation				98,150	850	99,000	84,000
Gift-Aid Donations				57,870		57,870	64,005
Income Tax Repayable				14,468		14,468	16,001
Other Donations and Sundry				1,295		1,295	1713
Payroll Giving				1,477		1,477	1,482
Gifts Received from Other	Trusts			0		0	1,800
Bank Interest Received				2,755		2,755	103
Overage Receipt- previous	property		sale	0		0	29,411
Surplus on Disposal of Property				101,798		101,798	0
TOTAL INCOMING RESOURCES				430,273	850	431,123	350,075
EXPENDITURE ON
MEETING HALL RUNNING	COSTS
Rates and Water				305		305	(532)
Light and Heat				16,248		16,248	12,953
Repairs and Maintenance				19,276		19,276	13,477
Maintenance ofGrounds				6,943		6,943	6,154
Cleaning and Consumables				5,217		5,217	1,854
Telephone and Broadband				947		947	596
Insurance				3,605		3,605	3,389
Health and Safety Costs				5,900		5,900	1,383
Profess iona I Expenses				35		35	35
Equipment Hire				834		834	0
Sundry				282		282	60
Depreciation				180,941		180,941	220,531
				240,533		240,533	259,900
OTHER CHARITABLE ACTIVITIES
Congregation Covid Test Kits				14,753		14,753	0
Congregation Support				0	300	300	4,152
Tracts and Publications				135		135	0
Other Charitable Payments				5,449		5,449	4,843
Professional Expenses —Potential		projects		20,546		20,546	0
DONATED SERVICESTO
SARUM HILL GOSPEL HALL TRUST
Special Grant to acquire Property				1,496,659		1,496,659	0
Other Services				32,564		32,564	5,674
GOVERNANCE COSTS
Audit				3,540		3,540	3,480
Accountancy and Book-keeping				7,685		7,685	4,596
Professional Support Costs				5,976		5,976	3,420
TOTAL RESOURCES EXPENDED				1,827,840	300	1,828,140	286,065
NET SURPLUS DEFICIT ON
INCOMING RESOURCES			(1,397,567)		550	(1,397,017)	64,010
The Statement of Financial	Activities		is continued	on the next page.

					Year to 05.04.2023		Yearto
				General	Designated		05.04.2022
				Fund	Fund	Total	Total
				f	f	f	f
NET SURPLUS	DEFICIT		ON
INCOMING RESOURCES			B/fwd	(1,397,567)	550	(1,397,017)	64,010
NET MOVEMENT		IN FUNDS-
S~URPLUS DEFICIT				(1,397,567)	550	(1,397,017)	64,010
RECONCILIATION		OF FUNDS —Note 12
TOTAL FUNDS	BROUGHT FORWARD			8,297,284	(550)	8,296,734	8,232,724
TOTAL FUNDS	CARRIED		FORWARD	6,899,717	0	6,899,717	8,296,734

		As at	As at
		OS.04.23	05.04.22
TANGIBLE FIXEDASSETS Freehold Land and Buildings Fittings, Furniture &Equipment	Note 2	5,564,422 184,864	7,072,348 251,046
		5,749,286	7,323,394
CURRENT ASSETS Debtors and Prepayments Bank Accounts	Note 3	21,286 1,147,787	34,906 951,005
		1,169,073	985,911
ESS:CURRENT LIABILITIES DUE WITHIN ONE YEAR Creditors and Accruals	Note 4	(18,642)	(12,571)
		(18,642)	(12,571)
NET CURRENT ASSETS		1,150,431	973,340
NETASSETS		6,899,717	8,296,734
Represented by:-
RESERVES
Unrestricted Funds -General Funds -Designated Fund		6,899,717 0	8,297,284 (550)
		6,899,717	8,296,734

TANGIBLE FIXEDA These Comprise	SS	ET	S
							Freehold		Fittings,
							Land and	Furniture gt
							~Buildin s		Mtti tt	Total
COST OR VALUATION							f		f	f
As at 06.04.2022							7,853,683		726,773	8,580,456
Additions in Year							0		1,694	1,694
Disposals at Cost							(1,477,499)		(43,534)	(1,521,033)
As at 05.04.2023							6,376,184		684,933	7,061,117
DEPRECIATION
As at 06.04.2022							781,335		475,727	1,257,062
Charge for Year							134,724		46,217	180,491
Written back on Disposals							(104,297)		(21,875)	(126,172)
As at 05.04.2023							811,762		500,069	1,311,831
NET BOOK VALUE
As at 05.04.2023							5,564,422		184,864	5,749,286
As at 05.04.2022							7,072,348		251,046	7,323,394
FREEHOLD LAND AND		BUILDINGS COMPRISE:-
Land Registry (LR.)Title			Nos. are as below
									Surplus/
					As at	Depreciation	Disposal Proceeds		(Deficit)	As at
					06.04.2022	for Year	Y		~Di I	tl6.04.2023
NET BOOK VALUE						f	f		f	f
.MMti I ~ II Ch	h	4
Three Mile Cross,	Reading				5,284,700	(122,783)			0	5,161,917
LR.Title No: BK292607
~Mti H II 269A Nl			Mtl		Rld,
Finchampstead					414,446	(11,941)			0	402,505
LR.Title No: BK261557				82
BK461063
~Mti II II 9707		dR			d,
Wokingham					382,208	0	(500,000)		117,792
L.R.Title No: BK56270
MMti IH II 7	7		6
Spencers Wood					426,033	0	(475,000)		48,967
LR.Title No: BK473069
~Mti II II Ylt	I	R		d,
Mortimer					564,961	0	(500,000)		(64,961)
LR.Title No: BK43967
					7,072,348	(134,724)	(1,475,000)		101,798	5,564,422

DEBTORS AND PREPAYMENTS		As at	As at
These comprise:—		05.04.2023 f	05.04.2022 E
Debtor - Tax Repayable		14,468	15,922
Other Debtors		1,477	123
Prepayment —Costs for Potential	Hall	0	16,126
Other Prepayments		5,341	2,735
		21,286	34,906
CREDITORS AND ACCRUALS
DUE WITHIN ONE YEAR		As at	As at
These comprise:-		05.04.2023 f	05.04.2022 E
Creditors		5,339	1,299
Accruals		9,303	7,272
Receipt in Advance		4,000	4,000
		18,642	12,571

7	AUDITOR'5 FEES	Year to	Yearto
		05.04.2023	05.04.2022
		E	f
	Fees payable for the audit ofthe Financial Statements	3,540	3,480
8	DONATED SERVICESAND GIFTS
	These were to another Gospel Hall Trust, with
	Parallel objectives, as follows:-	Yearto	Yearto
		05.04.2023	05.04.2022
	Sarum Hill Gospel Hall Trust
	-Special Grant to acquire Property	1,496,659	0
	-Other Services	32,564	5,674
		1,529,223	5,674

RESOURCES	EXPENDED	Year to 05.04.2023	Year to 05.04.2023
These were:-		Meeting Hall	Other
		Running	Charitable		Year to
		Costs	Activities	Total	05.04.2022
		f	f	f	f
Direct Costs		240,533	1,570,406	1,810,939	274,569
Support Costs		3,984	1,992	5,976	3,420
Governance	Costs	7,484	3,741	11,225	8,076
		252,001	1,576,139	1,828,140	286,065

		General
		Unrestricted	Designated	Total
		Fund	Fund	Funds
AS AT05.04.2023		f	f	f
Tangible	Fixed Assets	5,749,286	0	5,749,286
Current	Assets	1,169,073	0	1,169,073
Current	Liabilities	(18,642)	0	(18,642)
Total Funds		6,899,717	0	6,899,717

AS AT 05.04.2022
Tangible Fixed Assets	7,323,394	0	7,323,394
Current Assets	985,911	0	985,911
Current Liabilities	(12,021)	(550)	(12,571)
Total Funds	8,297,284	(550)	8,296,734

MOVEMENTS IN FUNDS	MOVEMENTS IN FUNDS	Opening	Incoming	Resources	Closing
Year Ended	05.04.2023	Balance	Resources	~Ex ended	Balance
		f	f	f	f
Unrestricted	Funds
General Funds		8,297,284	430,273	(1,827,840)	6,899,717
Designated	Fund	(550)	850	(300)	0
Total Funds		8,296,734	431,123	(1,828,140)	6,899,717
Year Ended	05.04.2022
Unrestricted	Funds
General Funds		8,230,922	348,275	(281,913)	8,297,284
Designated	Fund	1,802	1,800	(4,152)	(550)
Total Funds		8,232,724	350,075	(286,065)	8,296,734

RELATED PARTY TRANSACTIONS
The following transactions took place:-		Yearto	Year to
		05.04.2023	05.04.2022
(a) With Redlands Construction Limited, a company	in
which two ofthe Trustees are Directors
—For preliminary professional costs towards Meeting	Halls		12,000
(b) Miss1Tennent, sister of Howard Tennent, a Trustee,
was paid for regular and detailed book-keeping services
on a clear commercial basis and rate amounting to:		3,540
(Her family had also made donations to the Trust to an
Amount substantially in excess ofthis figures and included
in (c)below).
(c) Donations were received from Trustees and from
parties connected thereto, in the followings totals:		122,519	118,781