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← The Albacore Gospel Hall Trust

2025-04-05-accounts

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

Charity Registration No: 1159958

The Albacore Gospel Hall Trust

Report of the trustees and audited financial statements Year ended 5 April 2025

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

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Contents

Pages
Reference and administrative details 3
Report of the trustees 4-7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Statement of Cash Flows 11
Notes to the financial statements 12-18

2

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2025

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 examiner Simon Bell
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2025

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2025. 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 2025 (2024: £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. 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 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

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

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 Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with the 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 under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance 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.

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

During the year the sale of the Gospel Hall fell through so the prepaid income has been redesignated as an asset held for sale as the expected sale proceeds are expected to be at least the value shown.

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

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

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. Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives. 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 2025 the Trust had a small surplus of income over expenditure. (2024: Deficit £399,444)

Total voluntary income received this year was £64,381 compared to £45,670 in the previous year.

All funds held were unrestricted funds.

6

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2025

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 £5,957,873 (2024: £5,951,233). These are high at the moment due to the accrued consideration on sale of the remaining asset which hasn’t yet completed at time of reporting.

Statement of Trustees’ responsibilities

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:

ray & by: 12BCE350720F Raymond Hall Trustee

1/30/2026 Date: .........................................

7

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Independent Examiner’s report to the Trustees For the year ended 5 April 2025

I report to the trustees on my examination of the accounts of The Albacore Gospel Hall Trust for the year ending 5 April 2025.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity’s trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

BASIS OF THE INDEPENDENT EXAMINERS REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; Or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

----- Start of picture text -----
[Bull]
| [Simon] DocuSigned by:
----- End of picture text -----

Simon Bell

1/30/2026

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

8

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Statement of Financial Activities For the year ended 5 April 2025


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
2025
Total
funds
2024
£
£
£
£
0
0
0
0
0
0
0
0
1,740
0
1,740
1,940
435
0
435
485
27,206
0
27,206
43,245
0
0
0
0
35,000
0
35,000
0
12
0
12
14
0
0
0
64,393
0
64,393
45,684
56,173
0
56,173
41,276
1,580
0
1,580
403,852
0
0
0
0
57,753
0
57,753
445,128
6,640
0
6,640
(399,444)
0
0
0
0
6,640
0
6,640
(399,444)
5,951,233
0 5,951,233
6,350,677
5,957,873
0 5,957,873
5,951,233

The notes on pages 12 to 18 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.

9

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Balance Sheet

For the year ended 5 April 2025

2025 2024
Notes £ £
Fixed assets
Intangible assets 0 0
Tangible fixed assets 6 0 0
0 0
Current assets
Debtors 109 237
Asset held for sale 7 5,950,000 0
Prepayments and accrued income 0 5,950,000
Cash at bank and in hand 10,525 17,570
5,960,634 5,967,807 5,967,807
Current liabilities
Creditors: amounts falling due within one year:
Other creditors (361) 4,201
Accruals and deferred income (2,400) (20,775)
Loans 0 0
Net current assets 5,957,873 5,951,233 5,951,233
Total assets less current liabilities 5,957,873 5,951,233 5,951,233
Creditors: amounts falling due after more than one
year:
Loans 0 0
Net assets 5,957,873 5 5,951,233
Funds
Unrestricted income fund 5,957,873 5,951,233 5,951,233
Restricted funds 0 0
Total charity funds 8 5,957,873 5 5,951,233

The unaudited financial statements were approved and authorised for issue by the Trustees of The Albacore Gospel Hall Trust on and signed on their behalf by 1/30/2026

ray & by:

Raymond Hall Trustee

The notes on pages 12 to 18 form part of these financial statements

10

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Statement of Cash Flows For the year ended 5 April 2025

2025
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(7,045)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
0
400,000
Loans made
0
0
Net cash provided by (used in) investing activities
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
Change in cash and cash equivalents in the reporting
period
(7,045)
Cash and cash equivalents at the beginning of reporting period
17,570
Cash and cash equivalents at the end of reporting
period
10,525
Change in cash and cash equivalents in the reporting
period
(7,045)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
6,640
Adjustments for:
Accrued costs of disposal
0
0
(Increase)/decrease in Debtors
128
52
Increase/(decrease) in creditors
4,562
(4,463)
Loss/(profit) on the sale of fixed assets
0
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
(18,375)
(6,360)
Net cash provided by (used in) operating activities
(7,045)
Note B Analysis of changes in net debt
At
06/04/2024
Cashflows
Non cash
changes
Cash
17,570
(7,045)
17,570
(7,045)
0
Total
17,570
(7,045)
0		 2025
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(7,045)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
0
400,000
Loans made
0
0
Net cash provided by (used in) investing activities
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
Change in cash and cash equivalents in the reporting
period
(7,045)
Cash and cash equivalents at the beginning of reporting period
17,570
Cash and cash equivalents at the end of reporting
period
10,525
Change in cash and cash equivalents in the reporting
period
(7,045)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
6,640
Adjustments for:
Accrued costs of disposal
0
0
(Increase)/decrease in Debtors
128
52
Increase/(decrease) in creditors
4,562
(4,463)
Loss/(profit) on the sale of fixed assets
0
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
(18,375)
(6,360)
Net cash provided by (used in) operating activities
(7,045)
Note B Analysis of changes in net debt
At
06/04/2024
Cashflows
Non cash
changes
Cash
17,570
(7,045)
17,570
(7,045)
0
Total
17,570
(7,045)
0		 2025
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities(Note A below)
(7,045)
Cash flows from investing activities:
Proceeds from the sale of property, plant & equipment
0
400,000
Loans made
0
0
Net cash provided by (used in) investing activities
0
Cash flows from financing activities:
Net cash provided by (used in) financing activities
0
Change in cash and cash equivalents in the reporting
period
(7,045)
Cash and cash equivalents at the beginning of reporting period
17,570
Cash and cash equivalents at the end of reporting
period
10,525
Change in cash and cash equivalents in the reporting
period
(7,045)
Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities
Net income/(expenditure) for the reporting period
6,640
Adjustments for:
Accrued costs of disposal
0
0
(Increase)/decrease in Debtors
128
52
Increase/(decrease) in creditors
4,562
(4,463)
Loss/(profit) on the sale of fixed assets
0
0
(Increase)/decrease in prepayments
0
0
Increase/(decrease) in accruals
(18,375)
(6,360)
Net cash provided by (used in) operating activities
(7,045)
Note B Analysis of changes in net debt
At
06/04/2024
Cashflows
Non cash
changes
Cash
17,570
(7,045)
17,570
(7,045)
0
Total
17,570
(7,045)
0		 2024
£
(410,215)

400,000
0
(10,215)
27,785
17,570
(10,215)

(399,444)
(410,215)
At
05/04/2025
10,525
17,570
(7,045)
0
10,525
17,570
(7,045)
0
10,525

11

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

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.

12

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

1.6 Tangible fixed assets and depreciation There are no fixed assets in the Trust.

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 trust’s charitable objects.

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 Going concern

The Trustees consider that there are no material uncertainties about the charity’s 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 carrying amounts of assets and liabilities within the next reporting period.

1.11 Post Balance Sheet events

Since the year end it has become clear that completion will not take place on the sale of the hall, but the deposit monies will be retained, and the Trustees are still actively engaged in pursuing the sale of the hall.

2. Trustees’ remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2024: None).

3. Wages and salaries

There are no employees (2024: none).

13

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

4. Donated services

Donated from:
Manor Gospel Trust
5.
Resources expended
Current year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Prior year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs		 Meeting rooms
£
4350
9806
60
13,927
0
0
28,030
0
0
56,173
Meeting rooms
£
2336
12156
60
14,670
0
0
12,054
0
0
41,276		 Other charitable
activities
£
0
0
0
0
0
0
0
0
1,580
1,580
Other charitable
activities
£
0
0
0
0
400,000
0
0
0
3,852
403,852		 2025
2024
£
£
27,206
43,245
27,206
43,245
2025
£
4,350
9,806
60
13,927
0
0
28,030
0
1,580
57,753
2024
£
2,336
12,156
60
14,670
400,000
0
12,054
0
3,852
445,128		 2024
£
43,245
43,245

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

Governance costs of £1,580 (2024: £2,880) in respect of independent examiner’s fees

14

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

6. Fixed assets

Cost
B/f at 06/04/2024
Additions
Disposals
At 5 April 2025
Depreciation
B/f at 06/04/2024
Charge for the year
Impairment
Disposals
At 5 April 2025
Net book value
At 5 April 2025
At 5 April 2024		 Freehold
Property
See Below
0
0
0
0
0
0
0
0
0
0
0		 Equipment
0
0
0
0
0
0
0
0
0
0
0		 Total
0
0
0
0
0
0
0
0
0
0
0

7. Asset held for sale

During the year the sale of the Gospel Hall fell through so the prepaid income has been redesignated as an asset held for sale as the expected sale proceeds are expected to be at least the value shown.

15

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

8. Analysis of net assets between funds

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
5,960,634
(2,761)
0
5,957,873
Unrestricted
funds
£
0
5,967,807
(16,574)
0
5,951,233		 Restricted
funds
£
0
0
0
0
0
Restricted
funds
£
0
0
0
0
0		 Total
£
0
5,960,634
(2,761)
0
5,957,873
Total
£
0
5,967,807
(16,574)
0
5,951,233

16

Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

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
2024
£
0
5,951,233
5,951,233
Balance
at 6 April
2022
£
0
6,350,677
6,350,677		 Incoming
resources
£
0
64,393
64,393
Incoming
resources
£
0
45,684
45,684		 Resources
expended
£
0
(57,753)
(57,753)
Resources
expended
£
0
(445,128)
(445,128)		 Realised/
unrealised
gains and
losses
£
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0		 Balance at
5 April
2025
£
0
5,957,873
5,957,873
Balance at
5 April
2024
£
0
5,951,233
5,951,233

10. Transactions with related parties

There were also gifts during the year totalling £720 from trustees and persons connected to the trustees. (2024: £720)

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.

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Docusign Envelope ID: B0AE443A-CD17-433B-8309-7F2D9E7A35F2

The Albacore Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

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
2024
£
£
£
0
0
0
0
0
0
1,940
0
1,940
485
0
485
43,245
0
43,245
0
0
0
0
0
0
14
0
14
0
0
45,684
0
45,684
41,276
0
41,276
403,852
0
403,852
0
0
0
445,128
0
445,128
(399,444)
0
(399,444)
0
0
0
(399,444)
0
(399,444)
6,350,677
0
6,350,677
5,951,233
0
5,951,233

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