OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-04-05-accounts

Charity Registration No. 1160169

THORNFIELD GOSPEL HALL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2021

THORNFIELD GOSPEL HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Marcus Johnston (Treasurer)
Mr Ian Cowie
Mr Adrian James (Chair)
Mr Antony James
Mr Robin Evershed
Charity number 1160169
Principal address Brethren's Meeting Hall
Gypsy Lane
Nunthorpe
Middlesbrough
TS7 0DY
Accountants Azets
Bede House
3 Belmont Business Park
Durham
United Kingdom
DH1 1TW
Bankers HSBC
60 Albert Road
Middlesbrough
North Yorkshire
TS1 1RS
Correspondence address 12 Maltby Road
Thornton
Middlesbrough
TS8 9BU
enquiries@tght.org.uk
Solicitors Watson Watson Solicitors
Mercury House
Shrewsbury Business Park
Shrewsbury
SY2 6LG
Independent examiner Azets
Bede House
3 Belmont Business Park
Durham
DH1 1TW

THORNFIELD GOSPEL HALL TRUST

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the accounts 8 - 13

THORNFIELD GOSPEL HALL TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report and financial statements for the year ended 5 April 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)".

Objectives and activities

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 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.

Spreading the Gospel message 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 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 addition to street preaching, members of the congregation work with the RRT charity.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particular

THORNFIELD GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Main activities

Meetings held at the Gospel halls include the Lord's Supper (Communion), Gospel preaching’s, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 160 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 preaching’s, 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 halls and visitors are free to help themselves.

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 links with Nunthorpe Gospel Hall Trust, with which it shares members of its congregation.

Funding

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.

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.

THORNFIELD GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

Achievements and performance

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 the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

The Trust’s main achievement this year has been working with Middlesbrough brough council and Nunthorpe Parish council in view of purchasing land from the council for a new hall facility. This work has included meetings with the local community, attending main council and parish meetings, discussions with key personnel regarding how TGHT could improve, enhance public areas through hall development.

The trustees have also established an Emergency Needs fund for the duration of the current pandemic and any resultant economic downturn. This is providing limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household. The trust has appointed a Local Welfare Panel to manage the application process and to administer the vouchers to qualifying applicants.

Plans for Future Periods

From 18th March 2020, Thornfield Gospel Hall Trust ceased using the two gospel halls, which it operates. This was as a result of the global COVID-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to use these Gospel Halls again once the general lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

Financial review

In the year ended 5 April 2021, the Trust had a modest surplus of incoming resources over resources expended of £9,011 (2020: £6,400). Total voluntary income received this year was £39,735 compared to £29,000 in the previous year.

All funds held were unrestricted funds.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees has no employees, and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. The congregation is kept 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 £3,554,836 (2020 - £3,544,113). The reserves held are high due to the potential for a future land purchase and construction of a new gospel hall.

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.

Structure, governance and management

THORNFIELD GOSPEL HALL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

The charity is constituted by a deed of trust dated 31st August 1982 amended by various Deeds and most recently by Deed of Variation dated 12th August 2014. The Trust was registered with the Charity Commission for England and Wales on 27th January 2015 under Charity Registration Number: 1160169.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mr Marcus Johnston (Treasurer)

Mr Ian Cowie Mr Adrian James (Chair) Mr Antony James Mr Robin Evershed

None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2021 (2020: £nil).

The trust operates two gospel halls and Trustees are chosen from among the regular congregation of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to skills and experience in specialised fields and are expected to use both in furthering the objects of the Trust. 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 the new Trustees read the Trust deed and relevant Charity Commission guidance.

The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Transactions other than the normal utilities / running costs are signed off by the trust. Capital spend over £5,000 is submitted to the PBCC asset services global panel for consideration.

The Trustees' r eport was approved by the Board of Trustees.

Mr Marcus Johnston (Treasurer)

Trustee Dated: 31 January 2022

THORNFIELD GOSPEL HALL TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THORNFIELD GOSPEL HALL TRUST

I report to the Trustees on my examination of the financial statements of Thornfield Gospel Hall Trust (the Charity) for the year ended 5 April 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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

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 financial statements to be reached.

David Nairn (FCA & CTA) Azets Bede House 3 Belmonth Business Park Durham DH1 1TW United Kingdom

Dated: 31 January 2022

THORNFIELD GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2021

Unrestricted Designated
2021
2021
Notes
£
£
Income from:
Donations and legacies
2
31,000
8,735
Investments
3
2,389
-
Total income
33,389
8,735
Expenditure on:
Raising funds
-
-
Charitable activities
4
25,523
7,590
Total expenditure
25,523
7,590
Net income for the year/
Net movement in funds
7,866
1,145
Fund balances at 6 April 2020
4,798,675
-
Fund balances at 5 April 2021
4,806,541
1,145		 Total
2021
£
39,735
2,389
42,124
-
33,113
33,113
9,011
4,798,675
4,807,686		 2020
£
29,000
13,372
42,372
-
35,972
35,972
6,400
4,792,275
4,798,675

The notes 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.

THORNFIELD GOSPEL HALL TRUST

BALANCE SHEET

AS AT 5 APRIL 2021

Notes
Fixed assets
Tangible assets
7
Programme related investments
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Total assets less current liabilities
Income funds
Designated funds
Unrestricted funds		 2021
£
£
752,850
500,000
1,252,850
253,537
3,304,038
3,557,575
(2,739)
3,554,836
4,807,686
1,145
4,806,541
4,807,686		 2020
£
£
754,562
500,000
1,254,562
239,301
3,311,891
3,551,192
(7,079)
3,544,113
4,798,675
-
4,798,675
4,798,675

The financial statements were approved by the Trustees on 31 January 2022

Mr Marcus Johnston (Treasurer) Trustee

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

Charity information

Thornfield Gospel Hall Trust is governed by a trust deed dated the 12th August 2014. The trust was registered with the Charity Commission for England and Wales on 27th January 2015 under Charity Registration Number : 1160169.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: 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) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

From 18th March 2020, Thornfield GHT ceased using the two gospel halls, which it operates, due to the global COVID-19 pandemic and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

1.3 Charitable 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.

1.4 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.

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

Investment income is accounted for on a receivable basis.

1.5 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.

Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Nil depreciation Plant and machinery 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Land is not depreciated. The buildings are not depreciated as the residual value is estimated to be higher than the cost.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10 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.

1.11 Concessionary loans

Concessionary loans are initially recognised and measured at the amount received or paid out, with the carrying amount adjusted in subsequent years to reflect repayments and any accrued interest and adjusted if necessary for any impairment.

2 Donations and legacies

Unrestricted D esignated
funds
funds
£
£
Donations and gifts
31,000
8,735
For the year ended 5 April 2020
29,000
-		 2021
£
39,735		 2020
£
29,000
29,000

All unrestricted in both 2021 and 2020.

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

3 Investments

2021 2020
£ £
Interest receivable 2,389 13,372

All unrestricted in both 2021 and 2020.

4 Charitable activities

Unrestricted Designated
2021
2021
£
Running meeting rooms:
Depreciation and impairment
1,712
-
Thornfield Upkeep
4,999
-
Utilities
6,943
-
Insurance
1,187
-
IT and data software
289
-
Phone
596
-
Bank charges
78
-
Legal and professional fees
1,740
-
Other charitable activities:
Food Donations
-
7590
Donations to Nunthorpe Gospel Hall Trust
6,119
-
Governance costs
1,860
-
25,523
7,590		 Total
2021
£
1,712
4,999
6,943
1,187
289
596
78
1,740
7,590
6,119
1,860
33,113		 2020
£
2,141
11,445
11,105
1,199
1,046
324
71
1,634
-
5,027
1,980
35,972

All unrestricted costs in both 2021 and 2020.

Included in governance costs are Independent examination fees of £650 (2020 - £850)

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

6 Employees

The average monthly number of employees during the year was:

Total
7
Tangible fixed assets
Cost
At 6 April 2020
At 5 April 2021
Depreciation and impairment
At 6 April 2020
Depreciation charged in the year
At 5 April 2021
Carrying amount
At 5 April 2021
At 5 April 2020
8
Programme related investments
At 6 April 2020 and at 5 April 2021		 Land and
buildings
£
746,000
746,000
-
-
-
746,000
746,000		 2021
2020
Number
Number
-
-
Plant and
machinery
Total
£
£
31,923
777,923
31,923
777,923
23,361
23,361
1,712
1,712
25,073
25,073
6,850
752,850
8,562
754,562
Concessionary
Loan
£
500,000

During the 2018 year end a concessionary loan was made to Springwell Gospel Hall Trust for £500,000. This was used to purchase a hall which is to be used to spread the gospel message to the wider community. This loan is interest free over a period of three years.

THORNFIELD GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021

9
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
10
Creditors: amounts falling due within one year
Accruals and deferred income
11
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
2021
2021
£
£
Fund balances at 5 April 2021 are represented
by:
Tangible assets
752,850
-
Programme related assets
500,000
-
Current assets/(liabilities)
3,553,691
1,145
4,806,541
1,145		 2021
2020
£
£
200,000
200,000
53,537
39,301
253,537
239,301
2021
2020
£
£
2,739
7,079
TotalUnrestricted
funds
2021
2020
£
£
752,850
754,562
500,000
500,000
3,554,836
3,544,113
4,807,686
4,798,675

12 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Emergency Needs Fund Balance at
6 April 2020
£
-
-		 Movement in funds
Incoming
resources
Resources
expended
£
£
8,735
7,590
8,735
(7,590)		 Balance at
5 April 2021
£
1,145
1,145

13 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .