Charlty raglstratlon numbor 1160169 THORNFIELD GOSPEL HALL TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
THORNFIELD GOSPEL HALL TRUST LEGALAND ADMINISTRATIVE INFORMATION Tru$t005 Mr Marcus Johnston (Trttasurerl Mr lan Cowie MIAdT12n James IChslr} MIAntony Jaffles Mr Robln Ever5hed Charlty numb•r 1160169 Principal addr•ss Srelhren's Meetlng Hall Gypsy Lane Nunthorpe Mlddlesbrough TS7 ODY Accountants Azets Bede House Belmont Business Park DURHAM United Kingdom DH1 1TW Bankers HSBC 60Alb8rt Road Middlesbrough North Yorkshire TS1 1RS Corr8spondence address 12 Maltby Road Thornton Middlesbrough TS6 9BU enquldes@tghl.oru.uk Sollcltors Watson Watson Soli¢ilor8 Mercury House Shrewsbury Business Park Shrewsbury SY2 6LG Independent 8Mn*T Azets B6de House 3 Belmont Buslness Park Durham DH1 1TW
THORNFIELD GOSPEL HALL TRUST CONTENTS Page Trust88s' ieport Independent exarninerfs report staternenl of finandal actlvilies Balance sheet No188 to th6 accounts 9-14
THORNFIELD GOSPEL HALL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2022 The Trus18es prgsenl their annu81 rgport and financial statements lor the year ended 5 April 2022. The fill8ncial statom8nts havo boen Prepared in acrnrdance with the accounting policies set out in note 1 to the flnandal statements and comply with the Charlly's governlng document, the Chaiilie5 Act 2011 8nd"Accounling and Reportlng by Charities.. Statement of Recommended Pra¢li¢e appli¢ablg to charities preparing their accounts in ac¢ordance w51h the Flnanclal Reportlng Standard appllcable In thè UK and Rapub11c of Ireland IFRS 1021 leff8cte 1 January 20191" Oblectlves and activities The ehAritable purposes of the Charily 8re the advancement of the Christian r8ligio¥b for th8 public bgnefit, including by th8 c8rrying on of Ihe servlce ol God In awordance wSlh the Old and New Testaments ol the Holy Bible as followed by those Christlans lorming part of the woild-wida fellowshlp known as th8 Plyrnouth BrglhTgn Christian Church Ith8 'Br81hren°l and any other charitable purposes Connected wlth Brethn. The core doctrine of thè brethren and proper pracllces In furtherance of cert8In aspeets ol doctrtne are 8urnm8rfsed in Iwo Schedules to the Trusl D88d. Spreadlng the Gospel message and the1Sfe of a Chrlstlan The Gospel halls are a base frorn which lh8 r8gular congregation and others who allend the meetings are enwurnged lo spread the Chrlstian Gospel, In word and deed. M8fflbers of the Congregallon participate in a programme of street preachlng and Gospel tracts are provlded free of charge by the Chailty to such preachBrs to be handed out to inter&stad Tn6tnbers of th8 public. In addillon to street preachlng, members of the congregatlon work wllh the RRT charity. In ¢8rying out this work, the congregation considers ilsell to be living out its faith in practice, as partlcular We seek and a encouraged lo live exemplary lives in all our relationships with others in the wder eommunlly Ilncluding fomiei Brethren), In accordance wth the teachlngs of Holy Scriplufe11 Tim 2..21. We regularly go out from our homes to preach on the straets. to distrfbute ChrfstSan Iltergtttr8 and 8ngag8 with th8 wid8r community (including formgr BrglhFgnl in order to present et8m81 salvaOn, available to all rnen by faith in Jesus ChrSst.12 4'.2). We seek as rnembers ol the publSc to lead Chrlstlan Ilves as husbands and wlvos. parents. chlldren, employers, employee5 8nd neighbours. {Col 3..22-25, Col 4..11. The preservatSon and protection of the family unit 18 fund8tnent81, and children 8Te prized as 8 blessing Irom God. (Psalrn 127.3-51. The elderly are valued members of the communlly, for whom both thelr famlly and the wider community Are expected to care. Holy Scrlpture commands us to be good nelghbours to others. and deal wlth all other people Ilneludlng foTmw Brelhrenl openly, hone511y and faidy and consis18nt with th8S8 princip18s, we should give our lime, talents and money to assist those in need in the wider communlty. in so far as reasonable given our abililles and our available resources. Imatt 7..12. Mall 22..39, Eph 4..281-
THORNFIELD GOSPEL HALL TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Main activities Meetings held 81 the Gospel halls Include the Lord 6 Supper (Communion), Gospal pr6achlng's, Bible readlngs and Biblo addresses. Th&ro Is a stru¢tured w8ekiy 5ch8du18 01 meetlngs and, depending on the particular meeting, belween 30 and 160 people normally attend these oa$10$. The meetings are attended by the regular congregation, and most ar8 open to other property dlsposed vlsllors. The notice board outside th8 Hall w8lcom8s visitors and displays Ihe times of Gospel pr8aching's. along wilh a telephone number for those seeklng further Information or h91p. Gogpel tracts, whlch are Olstilbuled by stre91 preachers, also dlsplay this information. Bibles and an exl8nsw8 ran98 of oth8T Chrlstlan readiryJ material arè on disp18y at th8 halls and vlsitors are free to help themselves. Wlder network The Trus18es m8inlain informal links ¥th similar Charities with a view to pooling experience considered useful in pursulng the objects of the Charity. The Chailty al50 m8lntalns Ilnks wlth Nunlhorpe Gospgl Hall Tiust, wilh which il sh8r8s In8mb8rs of its congrogallon. Funding Funding is sought through glfts from the congregatlon and Gift Ald Is clalm8d on 8ligiblè donations. Fundlng Is 50rnetimes received from other ¢haril8bl8 trusts with complementary objecte$. Publlc b8n8flt The Trustees confirm that they hav8 cornplled th thelr duty under sgction 4 of th9 Ch8Tltlas Act 2011 tts have duè regard to thè Charity Commlsslon's general guidanc8 to charities on public b8nefit.
THORNFIELD GOSPEL HALL TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Achièvèments and performance The Trust provides and rnainlains two Gospel halls where religious rne8lings are held by the local Brethrers community. D8t8ils of th6 origlns, lea¢hings. and way of lif8 of the brethren can be found on th8 W8b51ta I tnouthbrethTenchri nchurch.o and In the schedules to the Trust D88d. The Trust's main achievement this year has been working with Mlddlesbrough brough council and Nuthtsrpe Parlsh council In view of PUfcha51ng land trom the councll lor a new hall facillty. The trust has been worklng on this for s8V8ral years, including meetings with the local community, attending main council and parish tneetlngs, dlscusslons with kgy ooun881 personnel regardlng how TGHT could impiov8, enhance public areas through hall d8v8lopm8nl, which is important for the trust to be adding value to the local area. Th8 trust has also donated £1250.00 to Tegssid8 hospic8. a local charity supporting peop18 living with cancer and other life limiling illn8588S. The hospice provided specialist palliative care for over 3,000 people during the year meaning that for many of these people without the valuable support of the hospice they would hav8 been facing a life limiting illness alon8, th8 trust 15 pleased to be atle to rnake a difference to the wider communily. The Iruslees hav8 al80 established ari Emergency Need$ fund for the duration of the current panderni¢ and any resultant economlc downturn. This Is provldlng 11rn11ed financlal asslslance by the way of grocery vouchers to households, who have 8xperiericed a rent and significant d8cr8ase iri incotne due to the pandernic, such that it Is likely to Impact on th9 health andlor w8lfar8 ol members ol the household. Th& trust has appolnted a Local Welfare Panel to manage the applleatlon process and lo admini5terthe vouchers to quallfying applicants. Plans for Future Perlods Frorn 18th Mah 2020, Thornf181d Gospel Hall Trust aSed using the fvjo gospel halls, which it operates. Thls was as a result of th8 glob81 COVID-19 pandemic and th8 g8n8ral lockdown Imposed by the governm8llt on 23rd March 2020. Durlng the financial y88r, restrictions We eased sufficiently lo allow the congregation to use the gospel halls for the Lord s supper Icommunionl the use of th8 halls was oonducted In a mann9r whith always complied wllh government guidance, and the trust intends to continue using the ha115 when it is safe to do so. The truste98 do not consid8rthal the Covid-19 pandemic will hav8 any 8ffect on the ability ol the trust to wntinu8 as a going concem. Flnanclal revlew
THORNFIELD GOSPEL HALL TRUST TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 In th6 year end8d 5 April 2022. the Trust had a rnodest surplus of incomlng resources ov8r r8sourees expended of £16,487 12021.. £9.0111. Totsl voSun18ry Income received thls year was £46,900 compared to £39,725 In the prOouS year. All funds held w8ra unreslrlct8d funds. Reserves pollcy The Trustees hav8 considered the lev81 of r85etves they wish to ret8in, approprlale to the charity's needs, based on its size and the level of rts financlal wmmitments. The Trust has no employees. and Its regular oulgolngs are mlnSmal. Awording5y. Ihe Trustees have decided to adopt a policy of maintalning no slgnifieant resgrvesloth8r than a d88ignated fund of £2.500.000.00 which is 88t aslde for future land purchase to build a new facility The congregation is kepl regularfy inform8d as lo particular Heeds for luncjs, and other relevant rnalters and the Trustees alm to ensurg that the Charlly will b8 8b18 to continue to luifil lis charitable objectives even if there is a lemporary shortfall in income or un8xpected expenditur8, by raising a funds app8al to thè Congregation. Free r9s8rv8s at the year end we18 £3,572,69312021 £3,554,638). The r8serves held are high due to the potential foT a future land pu¥chase and construction of a new gospgl hall. The Trustees have identlfied and v1&wed the major risks to whlch Iho charlty 18 8xposod and confirm that they havo establlshed system8 or ProdureS to manage and mitigate those risks. structure, governance and management The ch8ri1y is constiluled 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 regi5tere(J with the Charity Commission for England and Wales on 27th January 2015 under Charity Registration Number.. 1160169. The Tru51ees who served duilng the year and up to the date of $BJnature of the financia18tal8ments were.. Mr Marcus Johnston ITr8a5urerl Mr lan Cowie MrAdrlan James IChalr} MrAntony Jarngs Klr Robln Ever8hgd None of the Truste8s. nor any person connected with th8rn. recaived any r8mun8ratk)n or expgnses from the Charity IR the year ended 5April 202212021.. £nill. Th8 trust tsperates Iwo gospel halls and Trustees are chosen from among the regular congregatlon ol lh8 halls. New TTUSt888 are nominated by thè èxlsllng Truslees or by the congregation and musl be appointed by unanimous r8501utlon of the congregatlon. They are Selected according to skllls and experience In sp6cialised f181ds and are expec18d to use both in furthoring the obleds of lh8 Trust. Checks ar8 made to ensure the Twstees. ellg1billty to a¢1, and In¢oming Trustees are made aware of thelr responslbllltle5 by the exlsfjng Ttustsès, who ensure that the new TTUStees read the Tru8L dead and relevant Charity Commlssion guidance.
THORNFIELD GOSPEL HALL TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Th8 Trust88s' report wa5 approved ty the Board ofTru5tees. aTCUS Johnston ITreasurerl Trustee Date..
THORNFIELD GOSPEL HALL TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THORNFIELD GOSPEL HALL TRUST report to the Trustee5 on my examination of the finBnclal statements of Thornf181d Gosp61 Hall Trust Ithe Charilyl lor the year ended 5April 2022. Responslbllltlos and bas15 of report As the Trustees of the Chaiily you are responslble for th8 pr8pardtion of the financlal statements in accordance with the requlrements of the Charities Act 2011 (the 2011 Act). I report respect of my examination of the Chadty's financial statgrr8nls caiiied out under section 145 of lh8 2011 Act. In carrying out my examlnalSon I have follow8d all the appllcable Directions given by the Charity Commlsslon unrSer section 14515llbl of the 2011 Act. Indèpendent examlnerfs stat8rn8nt Your attention is drawn to the faet that the charity h88 pr8par8d financlal siatements In ac¢ordanc8 With Ac(x)unting and Reporting by Charitl8s preparing their accounts in accordance with the Flnancial Reporting Standard applicablg In the UK and Republic of Ir81and IFRS 1021 In preference lo the Accounting and Reporting by Charitias.. Slalement of R8comm8nded Practi issued Dn 1 April 2005 which is referred to in thg extant regulations but has now been wilhdrawn. l understand that this h8s been done in order ft>r finall081 statements lo provide 8 true and fair vlew In 8cco[dan with Generally Acc8Pted Accountlng Practice effective for reporting perfods beginning on or aft8r 1 January 2015. I have completed my examlnalion. I confirrn that no matters have rne to rny att8ntion In connect1on with the examination giving m8 cause to believe that in any material respect.. accounting r8cords were not kept in resp8Ct of the Charity 8$ requlred by section 130 of th8 2011 Act.. or the financial staternenls do not aord with those record5- or the financial statements do not Comply with the applicable reqU1ments concerning th8 form content of accounts set out in thg Charities (Accounts and Reports) Regulations 2008 other than any requiremenl that th8 account5 give a Iwe and tsir view which 15 not a maller considergd as part of an independenl examlnatlon. I have no ¢oncgrns and have come across no other rnatt8rs in conneclion with the examination to whiGh attention should be drawn in this r¢sX)rt in order to enable a proper und8rstandlng DI the financlal stalements lo be reached. David Nalm IFCA & CTAI Az8ls Bedo House 3 B81monlh Buslness Park DURHAM DHI 1TW United Klngdom Daied- 2 February 2023
THORNFIELD GOSPEL HALL TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022 Curr8ntflnan¢lal year Unrestrlctod De$lgnated funds ftÉnds Total Total 2022 2022 2022 2021 Notes Incom8 fmm.. Donations and legau8S Investmgnts 45,000 330 1.900 46,900 330 39.735 2.389 Total Income 45,330 1.900 47.230 42,124 endlture on.. Runnlng meetlng rooms and other charilablg 8Ctivilies 29,693 1,050 30.743 33,113 N8t income for the yearl Net movement In funds 15,637 850 16,487 9.011 Fund balances al 6 April 2021 4,806,541 1.145 4,807,686 4.798,675 Fund balan¢e$ at 5 Aprll 2022 4,822,178 1.995 4,824,173 4,807,686 The slat8m8nt of financlal actlvities includes all galns and Ioss8s recognised In the year. All in¢om8 8nd expenditure derive frotn wntlnulng a¢livilig8. Prior flnanclal year Unrestrlctad Endowmenl fund5 funds Deslgnated 2021 Total 2021 2021 Notss Incomo from.. Donallons and legacSes Investments 31.000 2,389 8.735 39.735 2.389 Total Income 33,389 8,735 42,124 Ex ond ure on.. Running tn86tlng rooms and other charitable a¢tlvilies 25.523 7.590 33.113 Net Incom$ for the yearl Net movemènt In fund8 7,866 1,145 9,011 Furld balances al 6 April 2020 4,798,675 4,798,675 Fund balances at 5 April 2021 4,806,541 1.145 4,807,886
THORNFIELD GOSPEL HALL TRUST BALANCE SHEET AS AT 5 APRIL 2022 2022 2021 Not65 Flxed ass8ts Tangible ass8ts Programm8 r81at8d Investments 751,480 500,000 752.850 500,000 1.251,480 1,252,850 Currant assets Debtors Cash at b8nk and In hand 262,918 3.313,024 253.537 3.304.038 3.575.942 3.557,575 Credltors- amounts fallln9 due within one year 10 13,2491 12,7391 Net current assets 3.572,693 3.554.836 Total assets less current Ilab115tles 4.824.173 4,807,e86 Income fund5 Deslgn8ted Funds Gen8ral unrestrlcted funds 12 1,995 4,822,178 1.145 4,806,541 4,824,173 4,807,686 OSQ.2S The fflnanclal 813tstn8nts were approved by th8 Trustees on .....-................... Mr Marcus Johnston ITreasurerl Trustee
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Accountlng pollclgs Charlty Informatlon Thomfield Gospel Hall Trust is governed by a trust deed dat8d the 12th August 2014. The trust W85 ieglstered with the Charity Commlsslon for England and WaEes on 27th January 2015 under Charfty Reglslration Number 1160169. 1.1 Accountlng convenllon Thè finandal statem8nls have bpen prepared in accordan wllh the Charilys governing drtument, th8 Charit188 Act 2011. FRS 102 'Th8 Flnancial Rew)rtlng Standard applicable In the UK and Republic of Ireland. I'FRS 102.1 and th8 Charities SORP A¢counting and Reportlng by Charities.. Statement ol Recomrn8nd8d Practlce applicable to charit18s pr8parlng thelr accounts in awordanc6 with the Flnan¢ial Reporting Standard applScable In th8 UK and RepublSc of Ireland IFRS 1021 leffeclive 1 January 20191. The Charty Is a Publi Benefit Entity as dafined by FRS 102. The Charlty has taken advantsg8 of tho pro510n$ Sn thg SORP for Charle$ not lo prgpar8 a Statement of Cash Flows. The financial statements have departed from the Charities IAc¢x)unts and Reports} Regulatv)ns 2008 OlY to the extent requir8d lo provide a twe and fair vi8w. Thi5 departure has involved following the Statement of Recomrnended Practice for charities applying FRS 102 rather than the version of the Stalement of Recommended Practice whlch Is referred lo in th8 R8gulalions but whlch has sinc8 been withdrawn. The flnandal stat8m6nts are prepared In st8rling. whld) Is the functional currency of the Charity. Monetary atnounts In these financial statements are rounded lo th8 1168rest £. The financial slalernents hBve been prep8red undèr the hlslorlcal cost conventlon. The prfndpal accounling polici88 8dopted are set out below. 1.2 Golng concorn At Ihe tlme of approvlng the lin8rrial 51alemenls, lh8 Tru5tee5 have a reasonable exp8c18tion thkt the Charily has adequ8te 80reeS to continu8 In operational exlstence for th8 foreseeAble lulure. Thus the Trustees conllnue to adopt the going concem basis of accounting in preparlng the financio15tatements. The Trustees do not conslder that the COVID 19 p8nd8mic wlll have any ability on th6 trust to continue as a going concern. 1.3 Charltable fund8 The general unre5tr1cted fund Is free for the Tiustees to use for any purpo889 In furtheran of the trust's charitable objects. Restrict9d Yunds arise from donations to the Iru5l, whlch are m8d8 for a 5peclflG purpose. Resliicled funds Gan only be used for the PUTPOSE for which funds w8r8 glven. 1.4 Income Oonattons are recogni8ed In the year In whKti Ih8r8 8ntillemenl and probablllty of r8C8lpt and tho amount can be tneasured with reasonable certainty. Income is only d8f8rred when the charity has to fulfil cormlitions before becomino 8ntitled to It or where Ihg donor hag speoified that Ihe In¢om8 Is lo ba expended In a futur8 y88r. Investment income Is accounted for on a reiV8b1a basls.
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2022 Accounting poll¢les Icontinuedl 1.5 Exp8ndlture Expenditure is Included on an accrua15 basis. Liabilities a recogni5ed as soon as thèie Is a legal or conslwctwe obligation committlng the charily to pay oul rgsourc6S. Charitable actlvilies comprise Ihose costs directly altribulable to the lullllmenl of the charltable objects. Governance eosls comprise au costs Involvlng the publlc 8ccountabllity of the charlty and costs related to statutory quirements. 1.6 Tanglblo flxed assets Tangible fixed assets ar8 initially rneasured al cost and subsequently rn88sured at cost or valuation, net of depreciation and any impairment losses. Depreciation recognised so as lo wrlte off Ihe $t or valuatbn of assets less their resKlual values over their useful Ilves on thg following bases.. Land and buildings Plant and machinèry Nil depreciation 201TrA dUcIng balan Thè galn or1058 8Tising on the disp0581 of an asset is detemilned as Ihe dIffenCe belw88n the sale proceeds and the carrying valu8 of the asset, and Is rècognlsed In net IncomgllexpendStUTel for Ihe year. Land 18 not depTeciat9d. The bulldings are not depTeThated as the resklual valuè Is estimated to be hlgher than the cost. 1.7 ImpaSm)ent of flx8d ass&ts At each reporting end dale, the Charity reviews the carrying 8mouiits 01 its tsngible 8ssets to dgtermine wheth8r Ihere is any indication that those assets have suffereLI an impairm8nt loss. If any such indication 8xists. the rgCOV8iable amounl of th8 asset IS 881imoted in ordgr lo detemiine thg 8Xt8nt ol thg impaiitnenl loss lif any). 1.8 Cash and cash 8qulvalents Cash and cash equivalents Include cash In hand. deposlls held at call wllh banks, oiher short-term Ilquid investments with original maturit18s of three months or less. and bank overdrafts. Bank overdrafts are shown wlthin borrowings In current li8bllitles. 1.9 Flnancial in5trument8 The Charity has elected to apply the provisions of Sectton 11 'Basic Financial Inslfuments, and Section 12 'Olhor FSnancial Instruments Issu85' of FRS 102 to all of its financ181 Inslrumenls. Financial nstrUMentS ar8 r8cognlsed in th8 Charity's bahnce sheet when th9 ChArfly becornes party lo the contractual provisions ol the in8lrurnent. FlnanrAal 88sets and Ilabililies are offsel, wlth th8 nol amounts presented in th8 finan¢ial statements, when there is a legally &nforc8able right to Set off the regnised amounts 8nd thare Is an Intention to settle on a net basis or to alise the as88t and settle th8 li8bilily slmuSian80usIy. Basic financlal 8SS8ts Baslc financial assets. whlch Indudè debtors and cash and bank balances. are init1811y measured at transaction price including Iran5aclion Costs and afe subs8qU8lltly carried al 8rn0rt15ed cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transactlon is measur8d al the present value ol the future recelpls dlswunted at a rnarket rato of Interest. Financlal assets cIBsslfied as re1vable withln one year are nol atnortlsed. 10-
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Accounting polic185 IContlnugd} 8asl¢ IInala1 Ilabllltlès BaslG financlal liabi111188, including creditors and bank108ns are initially recognlsed at transa¢lion price unless the arrangement eonstitutes a financing transactlon. where the debl instrurnenl Is measur6d at the pSent value of the future paym8Tr15 discounled at a marbl ral8 Df Interest. Flnanelal lbilItIeS classified as payable within one year are not Bmortised. Debt instruments are subsequently (arri8d at amortised cost, uslng the effe¢ttv8 int8r6st r&to method. TTade creditors are obligations to pay for goods or services Ihal have b88n acqulred in the ordinary wurs8 of operatlons from SLtppliets. Amounts payable 8r& classified as curnt liabilities il payment is due within one year or less. If not, they are presented as non-current 1Sabililies. Trade creditors are recogni$8d initially 81 transaclion pric8 and subsequently measur8d 8t 8ffl0rti5ed cost using the effective interest method. 1.10 Taxatlon The Trust is a registered charity and is not liable to Unlted Kingdom income OT corporation tax on charitalAe actltIes, provlded Income fall8 whhln the charltable exemptlOn5 and is spont on ¢harftab18 purpJ585. 1.11 Employee bonafits Th8 cost of any unused holiday entitletnent Is recognised in th8 period In whlth the employee'5 8eTViCg8 ar8 received. Tgrrrlnallon benefits are recognlsed immediately a5 an expense when th8 Charity is dewnonslrably commilled to terminate the employrnent of An employee or to provide tertninatlon benefits. 1.12 Con¢Èsslonary loans Concessionary loans are initlally recognised and measured at the amount re¢elv8d or paid out, wlth the carrying amount adlusled In subs8qU8nt years to reflect r8paym8nts and any accrued Inleresl and adjusted rf necessary for any impaimient. Donations and l¢ga¢les Unrostrl¢lgd D8¥lgnat&d fund8 funds 2022 2021 Donatlons and gifts 45.000 1,900 46,900 39.735 For the year ended 5 Aprll 2021 31,000 8,735 39,735 11
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 5 APRIL 2022 Inv8Stmenis 2022 2021 Interest receivable 330 2.389 All unreslricled in both 2022 and 2021. Runnlng meeting rooms and other charltab18 actlvStles Unrestrlcled Deslgnated 2022 2022 Total 2022 Total 2021 Runnlng meeting rooms- Depreciation and impalrment Thornfi81d Upkeep 1,370 4,647 8,158 1,387 320 621 74 2,145 1.370 4.647 8,158 1,387 320 621 74 2,145 1.712 4,999 6,943 1,187 289 596 78 1.740 Insuranc& IT and data software Phone Bank charges Legal and professional fees other charltsble actlvlll88: Food Donations Donations made Donatlons lo Nunlhorps Gospèl Hall Trust Govemance costs 1,050 1,050 1,500 7,371 2,100 7,590 1,500 7.371 2,100 6,119 1.860 29,693 1,050 30.743 33,113 All unr8stric18d costs In both 2022 and 2021. Included In gOvè8nce costs are Indgpend8nl axèmlnation fees of £75012021 £650 Tru$lee$ None of the Tnjstees lor any persons ¢tsnnected wlth them) reCe$d 8ny remLtneratlon or beneflls from th8 Charity durlng the y8ar. 12-
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 5 APRIL 2022 Employees The averag8 monthly number of employees durlng the year was- 2022 Number 2021 Number Total Th8re were no employees whose allnual remuneration was more than £60,000. Tangsble lixed a$gets L•nfl ¥nd bulldlngs Plant and maBhlnory Total Cost At 6 April 2021 746.000 31,923 777.923 At SApril 2022 746.000 31,923 777.923 D8pre¢iatlon and Impairment At 6 April 2021 Depreciation charged In the year 25,073 1.370 25,073 1.370 AI 5April 2022 26,443 26,443 Carrying amount At 5April 2022 746,000 5.480 751,480 At 5 April 2021 746,000 6,850 752,850 Pfogramme related invèstments Conc8S51onary Loan At 6Aprll 2021 and at 5 Aprbl 2022 500,000 DurSng the 2018 y8ar e[ a ncess1Onry loan was made to SpTrngwell Gospel Hall Trust for £500,000. Thls was used to purcha88 8 hall whlch Is lo be used to spread Ihe gospel m8SS8ge to the wlder community. Thls loan is int8resl free over a period of three years. 13
THORNFIELD GOSPEL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 Dablors 2022 2021 Amounts falllng due wlthln ono year: Other debtors Prepayments and accrued Incomg 200,000 62,918 2(X>,000 53,537 262,918 253,537 10 Cr•dltors: amounts falllng dug wlthln ortè y•ar 2022 2021 Accruals and dgferrgd inc0rn8 3.249 2.739 11 Analy$ls of nel ass8t5 b•tw•on funds Unre5trictod De$l9nated funds funds 2022 2022 Total urestcted Deslgnated funds fund8 2021 2021 Total 2022 2021 Fund balances at 5 April 2022 ale represented by., Tangibl8 8ss8ls Programme r81ated a55ets Current asselsllllabllltiesl 751.480 751.480 752.850 752,850 500,000 3.570,698 500,000 500,000 1.995 3.572,693 3,553,691 500,000 3,554.836 1.145 4.822,178 1,995 4,824,173 4,806,541 1.145 4.807,686 12 D85ignat9d funds The Income funds of the charity indud8 the followlng deslgnated fund8 which hav8 b88n S8t aside out of unrestrfcted fvnd5 by the trustees for speallc purtK)SgS'. Movomont In funds In¢omo Exp•ndltthr• Balancp at O April 2021 Balancé al SAprll 2022 Emergency N88ds FLtnd 1,145 1.9(K) 11,0501 1,995 1,145 1,9 11,050} 1.995 13 Rolat•d party transactlons There were no disclosable r81ated party transactions during the yeaT12021 - none). 14-