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2023-04-05-accounts

Charity Registration No: 1159958

The Albacore Gospel Hall Trust

Report of the trustees and audited financial statements Year ended 5 April 2023

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

The Albacore Gospel Hall Trust

Contents

Pages
Reference and administrative details 3
Report of the trustees 4-7
8-10
Statement of financial activities 11
Balance sheet 12
Statement of Cash Flows 13
Notes to the financial statements 14-20

2

The Albacore Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2023

Charity name The Albacore Gospel Hall Trust
Registered charity number 1159958
Trustees Mr Bruce Hazell (Chair)
Mr Garth Woodcock
Mr Jonathan Woodcock
Mr John Glass
Mr Raymond Hall
Treasurer Mr Raymond Hall
Principal address Unit 1 The Teardrop Centre
London Road
Swanley
Kent
BR8 8TS
Independent auditors Saffery LLP
71 Queen Victoria Street
London
EC4V 4BE
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

The Albacore Gospel Hall Trust

Report of the Trustees 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 page 12 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

The charity is controlled by a deed of trust and constitutes an unincorporated charity.

The Charity is an unincorporated trust constituted by a Deed of Trust dated 21 June 1983, most recently amended by Deed of Variation dated 13 August 2014. The Trust was registered with the Charity Commission for England and Wales on 15 January 2015 under Charity Registration Number: 1159958.

Recruitment and appointment of new trustees

The names of the Trustees who served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2023 (2022: £nil).

The Trust operates a Gospel Hall and Trustees are chosen from among the regular congregation of the hall. 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. eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also maintains particular links with the Manor Gospel Trust, and during the year the Charity paid expenses on behalf of the Trust, and vice versa, as shown in the donated services note.

Risk management

The Trustees have identified and reviewed the major risks to which the Charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.

4

The Albacore Gospel Hall Trust

For the year ended 5 April 2023

Objectives and activities

Objectives and aims

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth 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 under section 4 of the Charities Act 2011 to charities on public benefit.

Main activities and achievements

The Trust provides and maintains a Gospel Hall where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

During the year contracts were exchanged on the sale of the Gospel Hall and the sale is recognised in this year. Once completion has taken place the Trust will become dormant.

The Trust has continued to engage with the congregation and encouraging good works by them which benefit the wider community, as described below.

Plans for future periods

The Trust is actively engaged in selling the Gospel Hall and once it has been sold it will become dormant.

Meetings

Meetings held at the Gospel hall include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 300 people normally attend these occasions.

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information.

Bibles and an extensive range of other Christian reading material are on display at the hall and visitors are free to help themselves.

5

The Albacore Gospel Hall Trust

Report of For the year ended 5 April 2023

Spreading the Gospel message and the life of a Christian

The Gospel Hall is a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.

Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

Funding

The Trustees take their responsibility under the Charities (Protection and Social Investment) Act 2016 seriously and have considered the implications on their activities. The Trust raises funds from within the Brethren community. The Trust does not use professional fundraisers nor does it actively fundraise from the general public and therefore the trustees do not consider it necessary to have a formal fundraising policy in place. The trustees confirm that in the current financial year there have been no complaints in respect of fundraising.

Financial review

Financial position

In the year ended 5 April 2023 the Trust had a large surplus of incoming resources over resources expended. This was due to the recognition of the sale of the gospel hall.

Total voluntary income received this year was £51,671 compared to £30,512 in the previous year.

All funds held were unrestricted funds.

6

The Albacore Gospel Hall Trust

For the year ended 5 April 2023

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. The Trustees aim to ensure that the charity has sufficient reserves to continue to fulfil its charitable objectives.

The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustees aim to ensure that the Charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure, by raising a funds appeal to the congregation.

Free reserves at the year-end were £6,350,677 (2022: £40,889).

The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two Trustees.

On behalf of the Board:

Raymond Hall Trustee Date: ..........................................

7

The Albacore Gospel Hall Trust

For the year ended 5 April 2023

Opinion

We have audited the financial statements of the Albacore 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 significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements:

have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and 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 lities 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 conclu accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that,

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 information

The trustees are responsible for the other information. The other information comprises the information included in th opinion on the financial statements does 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.

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 materially misstated. 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 themselves. 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.

8

The Albacore Gospel Hall Trust

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 in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

7, 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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In prepa 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.

We have been appointed as auditors under the Charities Act 2011 and report in accordance with regulations made under that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud are detailed below.

Identifying and assessing risks related to irregularities:

l statements to material misstatement and how fraud might occur, including through discussions with the trustees, discussions within our audit team planning meeting, updating our record of internal controls and ensuring these controls operated as intended. We evaluated possible incentives and opportunities for fraudulent manipulation 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.

9

The Albacore Gospel Hall Trust

For the year ended 5 April 2023

Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and guidance issued by the Charity Commission for England and Wales.

Audit response to risks identified:

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 disclosures. We reviewed f breaches of laws and regulations, minutes of meetings and correspondence with and procedures for compliance with laws and regulations with members of management responsible for compliance.

During the planning meeting with the audit team, the engagement partner drew attention to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instances of non-compliance with laws and regulations 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 whether judgements made in making accounting estimates gave rise to a possible indication of management bias. At the completion stage of the a appropriate professional scepticism 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 further removed noncompliance 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 is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of o www.frc.org.uk/auditorsresponsibilities. This description forms part of our au

Other matters

The financial statements of the charity for the year ended 5 April 2022 were unaudited as the charity took advantage of relevant exemptions from audit.

Use of our report

trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Saffery LLP 71 Queen Victoria Street
Chartered Accountants London
Statutory Auditors EC4V 4BE

Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

10

The Albacore Gospel Hall Trust

Statement of Financial Activities For the year ended 5 April 2023

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the
congregation
Gift Aid donations
Income tax refunds
Donated services
Payroll giving
Grants from other Trusts
Investments
Bank interest
Other - Gain on sale of assets
Total
4
Expenditure on:
Charitable activities
Running meeting rooms
Other charitable activities
Cost of donated services
Total
5
4
Net income/(expenditure)
Gains/(losses) on sale of fixed
assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
funds
2023
£
Total
funds
2022
£
Unrestricted
funds
Restricted
funds
£
£
0
0
0
0
0
0
0
16,000
2,030
507
47,634
0
1,500
0
0
0
0
0
2,030
507
47,634
0
1,500
3,445
861
10,206
0
0
1
5,113,254
0
1
5,113,254
0
0
5,164,926
0
5,164,926
30,512
464,308
9,201
0
0
0
0
464,308
9,201
0
39,026
2,830
1,800
473,509
0
473,509
43,656
4,691,417
0
4,691,417
(13,144)
0
0
0
0
4,691,417
0
4,691,417
(13,144)
1,659,260
0
1,659,260
1,672,404
6,350,677
0
6,350,677
1,659,260

The notes on pages 12 to 20 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

11

The Albacore Gospel Hall Trust

Balance Sheet For the year ended 5 April 2023

Notes
Fixed assets
Intangible assets
Tangible fixed assets
6
Current assets
Debtors
Loans
7
Prepayments and accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors
Accruals and deferred income
Loans
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one
year:
Loans
Net assets
Funds
Unrestricted income fund
Restricted funds
Total charity funds
8		 0
0		 2023
£
0
6,350,677		 0
1,618,371		 2022
£
1,618,371
40,889
289
0
6,350,000
27,785		 172
28,000
0
15,006
6,378,074
(262)
(27,135)
0		 43,178
(849)
(1,440)
0
6,350,677
0		 1,659,260
0
6,350,677 1,659,260
6,350,677
0
6,350,677		 1,659,260
0
1,659,260

The audited financial statements were approved and authorised for issue by the Trustees of The Albacore Gospel Hall Trust on and signed on their behalf by

Raymond Hall Trustee

The notes on pages 12 to 20 form part of these financial statements

12

The Albacore Gospel Hall Trust

Statement of Cash Flows For the year ended 5 April 2023

2023
2022
£
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(415,221)
(12,426)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
400,000
0
Loans made
28,000
0
Net cash provided by (used in) investing activities
428,000
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
0
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Cash and cash equivalents at the beginning of reporting period
15,006
27,432
Cash and cash equivalents at the end of reporting
period
27,785
15,006
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
4,691,417
(13,144)
Adjustments for:
Depreciation charges
0
1,009
Accrued cost of disposal
(18,375)
(Increase)/decrease in Debtors
(117)
(41)
Increase/(decrease) in creditors
(587)
(250)
Loss/(profit) on the sale of fixed assets
(5,113,254)
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
25,695
0
Net cash provided by (used in) operating activities
(415,221)
(12,426)
Note B Analysis of changes in net debt
At
06/04/2022
Cashflows
Non
cash
changes
At
05/04/2023
Cash
15,006
12,779
27,785
15,006
12,779
0
27,785
Total
15,006
12,779
0
27,785		 2023
2022
£
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(415,221)
(12,426)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
400,000
0
Loans made
28,000
0
Net cash provided by (used in) investing activities
428,000
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
0
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Cash and cash equivalents at the beginning of reporting period
15,006
27,432
Cash and cash equivalents at the end of reporting
period
27,785
15,006
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
4,691,417
(13,144)
Adjustments for:
Depreciation charges
0
1,009
Accrued cost of disposal
(18,375)
(Increase)/decrease in Debtors
(117)
(41)
Increase/(decrease) in creditors
(587)
(250)
Loss/(profit) on the sale of fixed assets
(5,113,254)
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
25,695
0
Net cash provided by (used in) operating activities
(415,221)
(12,426)
Note B Analysis of changes in net debt
At
06/04/2022
Cashflows
Non
cash
changes
At
05/04/2023
Cash
15,006
12,779
27,785
15,006
12,779
0
27,785
Total
15,006
12,779
0
27,785		 2023
2022
£
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(415,221)
(12,426)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
400,000
0
Loans made
28,000
0
Net cash provided by (used in) investing activities
428,000
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
0
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Cash and cash equivalents at the beginning of reporting period
15,006
27,432
Cash and cash equivalents at the end of reporting
period
27,785
15,006
Change in cash and cash equivalents in the reporting
period
12,779
(12,426)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
4,691,417
(13,144)
Adjustments for:
Depreciation charges
0
1,009
Accrued cost of disposal
(18,375)
(Increase)/decrease in Debtors
(117)
(41)
Increase/(decrease) in creditors
(587)
(250)
Loss/(profit) on the sale of fixed assets
(5,113,254)
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
25,695
0
Net cash provided by (used in) operating activities
(415,221)
(12,426)
Note B Analysis of changes in net debt
At
06/04/2022
Cashflows
Non
cash
changes
At
05/04/2023
Cash
15,006
12,779
27,785
15,006
12,779
0
27,785
Total
15,006
12,779
0
27,785		 2022
£
(12,426)
0
0
(12,426)
27,432
15,006
(12,426)
(12,426)
At
05/04/2023
27,785
15,006 12,779
0		 27,785
15,006 12,779
0		 27,785

13

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

1. Accounting policies

1.1 Basis of financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Going concern

Having considered the future plans of the charity, the Trustees consider the going concern basis of preparation to be appropriate.

1.3 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to The Albacore Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

1.4 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

1.5 Governance and support costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

14

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

1.6 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £1000) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Fixtures and Fittings

25% reducing balance

1.7 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

1.8 Funds

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the

Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

1.9 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

2. remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2022: None).

3. Wages and salaries

There are no employees (2022: none).

15

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

4.
Donated services
Donated to:
Manor Gospel Trust
Donated from:
Manor Gospel Trust		 2023
£
0
0
2023
£
47,634
47,634		 2022
£
1,800
1800
2022
£
10,206
10,206

5. Resources expended

Current year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs		 Meeting
rooms
£
787
20,607
60
11,371
400,000
0
31,483
0
0
464,308		 Other
charitable
activities
£
0
0
0
0
0
0
0
0
9,201
9,201		 2023
£
787
20,607
60
11,371
400,000
0
31,483
0
9,201
473,509

During the year a donation of £400,000 was made to Manor Gospel Trust, a trust with similar objectives.

Prior year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
Utilities
Legal fees
Depreciation
Governance costs		 Meeting
rooms
£
1,758
9,069
0
9,088
18,102
1,009
0
39,026		 Other
charitable
activities
£
0
0
0
0
0
0
2,830
2,830		 2022
£
1,758
9,069
0
9,088
18,102
1,009
2,830
41,856

Governance costs include £6360 (2022: £1440) in respect of auditors fees (2022: fees.)

16

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

6. Fixed assets

Cost
B/f at 06/04/2022
Additions
Disposals
At 5 April 2023
Depreciation
B/f at 06/04/2022
Charge for the year
Impairment
Disposals
At 5 April 2023
Net book value
At 5 April 2023
At 5 April 2022
Property Details
Beckenham Hill Road
7.
Loans made
Other loans
TOTAL		 Freehold
Property
See Below
1,618,371
0
(1,618,371)
0
0
0
0
0
0
0
1,618,371
Title No
TGL305128
TGL42903		 Equipment
Total
0
1,618,371
0
0
0
(1,618,371)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,618,371
2023
2022
£
£
0
28,000
0
28,000		 Equipment
Total
0
1,618,371
0
0
0
(1,618,371)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,618,371
2023
2022
£
£
0
28,000
0
28,000
28,000

17

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

8. Analysis of net assets between funds

8.1 Current year

Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds
8.2
Prior year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds		 Unrestricted
funds
£
0
6,378,074
(27,397)
0
6,350,677
Unrestricted
funds
£
1,618,371
43,178
(2,289)
0
1,659,260		 Restricted
funds
£
0
0
0
0
0
Restricted
funds
£
0
0
0
0
0		 Total
£
0
6,378,074
(27,397)
0
6,350,677
Total
£
1,618,371
43,178
(2,289)
0
1,659,260

18

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

9. Movement in funds

9.1
Current year
Restricted funds
Unrestricted funds
Total funds
9.2
Prior year
Restricted funds
Unrestricted funds
Total funds		 Balance
at 6 April
2022
£
0
1,659,260
1,659,260
Balance
at 6 April
2021
£
0
1,672,404
1,672,404		 Incoming
resources
£
0
5,164,926
5,164,926
Incoming
resources
£
0
30,512
30,512		 Resources
expended
£
0
(473,509)
(473,509)
Resources
expended
£
0
(43,656)
(43,656)		 Realised/
unrealised
gains and
losses
£
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0		 Balance at
5 April
2023
£
0
6,350,677
6,350,677
Balance at
5 April
2022
£
0
1,659,260
1,659,260

10. Transactions with related parties

There were also gifts during the year totalling £720 from trustees and persons connected to the trustees. (2022: £1,985)

11. Volunteers

The Albacore Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

19

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2023

12. Comparative Statement of Financial Activities

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Donated services
4
Payroll giving
Grants from other Trusts
Investments
Bank interest
Other - Gain on sale of assets
Total
Expenditure on:
Charitable activities
Running meeting rooms
5
Other charitable activities
Cost of donated services
4
Total
Net income/(expenditure)
Gains/(losses) on sale of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Restricted
funds
Total funds
2022
£
£
£
0
0
0
16,000
0
16,000
3,445
0
3,445
861
0
861
10,206
0
10,206
0
0
0
0
0
0
0
0
0
0
0
30,512
0
30,512
39,026
0
39,026
2,830
0
2,830
1,800
0
1,800
43,656
0
43,656
(13,144)
0
(13,144)
0
0
0
(13,144)
0
(13,144)
1,672,404
0
1,672,404
1,659,260
0
1,659,260

20