Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Charity Registration No: 1160172 Manor Gospel 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.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Contents Pages Reference and administrative details Report of the Trustees Independent auditorfs report 9-11 Statement of financial activities 12 Balance sheet 13 Statement of Cash Flows 14 Notes to the financial statements 15-22
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Reference and Administrative Details For the year ended 5 April 2025 Charity name Manor Gospel Trust Registered charity number 1160172 Trustees Anthony Hazell (Chair) Paul Brown Dean Ellis Garth Woodcock Treasurer (Non Trustee) Derek Hall Principal address The Brethrens Meeting Hall Leydenhatch Lane Swanley Kent BR8 7PS Independent auditors Saffery LLP 71 Queen Victoria Street London EC4V 4BE Accountant T B Tax Seniices Accountants Bridge House Pattenden Lane Marden Kent TN12 9QJ Bankers Barclays 1-2 Copperfields Dartford DAI 2DE
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel 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 forthe year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 15-16 and comply with the Trust Deed and applicable law. Structurefft governance and management Governing document The Charity is an unincorporated trust constituted by a Deed of Trust dated 17 March 1992, most recently amended by Deed of Variation dated 13 August 2014. The Trust was registered with the Charity Commission for England and Wales on 27 January 2015 under Charity Registration Number- 1160172. 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 from the Charity in the year ended 5 April 202512024- £nill other than that disclosed in the related party transaction note. 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 Albacore Gospel Hall Trust and the Cheviot Trust 1976, with which it shares members of its congregation. The Trust is the sole shareholder of Cheviot Construction Ltd which was engaged to manage the construction of the new Gospel Hall. Risk management The Trustees have identified the major risks to which the charity is exposed, and these include Health & Safety connected to the running of a large public building and significant falls in income. They have established systems and procedures to mitigate these risks by consulting appropriate professionals and remaining engaged with all members of the community.
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Report of the trustees (continued) For the year ended 5 April 2025 Objectives and activities Objectives and aims The charitable purposes of the Charity are the advancementof the Christian religion forthe 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. 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 when planning the activities of the Charity. Main artivities 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. mouthbrethrenchristianchurch.or 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- Many of the congregation support a separate charity. the Rapid Relief Team {RRT) in helping the emergency services, the homeless and other local charities. During the year members of the congregation participated in litter picks in the area and also made donations to food banks. The Trust has continued carried out some improvements to the facilities and car parking of the new hall in anticipation of being able to use them for larger events. Plans for Future Periods The trustees remain committed to maintaining and preserving the gospel halls for use by the congregation. Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern. 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 800 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 welcomesvisitors 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.
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor fjospel Trust Report of the trustees (continued) For the year ended 5 April 2025 Objectives and activities (continued) 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- We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy Scripture11 Tim 2.21. We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage with the wider community (including former Brethren) in order to present eternal salvation, available to all men by faith in Jesus Christ. {2 Tim 4.21. We seek as members of the public to lead Christian lives as husbands and wives, parents, children, employers, employees and neighbours. {Col 3.22-25, Col 4.11. The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. {Psalm 127.3-51. The elderly are valued members of the community. for whom both their family and the wider community are expected to care. Holy Scripture commands us to be good neighbours to others, and deal with all other people (including former Brethren} openly, honestly and fairly and consistent with these principles. we should give our time, talents and money to assist those in need in the wider community, in so far as reasonable given our abilities and our available resources. (Matt 7.12, Matt 22.39, Eph 4.28). Fundraising 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.
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Report of the trustees (continued) For the year ended 5 April 2025 Financial review Financial position In the year ended 5 April 2025 the Trust had a deficit of incoming resources over resources expended excluding depreciation. With the depreciation charge of £391,295 (2024: £403,494) there is an overall deficit of £554,843. 12024: £1,156,138). During the year interest was paid on loans to the Trust and there were also grants to made to Cheviot Trust in support of its objectives. Total voluntary income received this year (excluding Gift Aid refunds and donated services) was £565,784 compared to £157,716 in the previous year. During the year further loans were received in order to assist The Cheviot Trust 1976 with the purchase of further gospel halls. During the year work continued on the Gospel Hall including external landscaping works. The total unrestricted funds as at 5 April 2025 were £3,875,35712024: £4,042,952}. The Trust had designated funds of £16,569,02512024: £16,956,273). 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 Trust aims to hold sufficient funds in a current account to cover day to day expenditure, plus an allowance for any urgent repairs and capital expenses that may arise. 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. Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern. Free reserves at the year end were {£1,644,348112024- (£1,483,929)), primarily due to the classification of certain loans as short-term liabilities. This accounting presentation results in a deficit on free reserves but does not reflect a lack of available cash or an inability to meet the Charit5 financial commitments as they fall due. The Trustees have carefully reviewed the Chariws financial position, cash flows and future income expectations. They are satisfied that, notwithstanding the negative free reserves, the Charity has sufficient resources, reliable income streams and appropriate controls in place to continue operating and to meet its obligations. On this basis, the Trustees remain confident in the Chariws ongoing financial sustainability, and therefore continue to adopt the going concern basis in preparing the financial statements. The Trustees continue to monitor reserve levels closely.
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Report of the trustees (continued) For the year ended 5 April 2025 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 requires 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 select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP (FR5102); make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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: sign by.. ÈtWLIL D4ABCAE391 IC4BB.. Anthony Hazell Trustee Date: 05/02/2026
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Independent Auditors, report to the Trustees For the year ended 5 April 2025 Opinion We have audited the financial statements of Manor Gospel Trust for the year ended 5 April 2025 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: give a true and fair view of the state of the charitvs affairs as at 5 April 2025 and of its incoming resources and application of resources for the year then ended- have been properly prepared in accordance with United Kingdom GenerallyAccepted Accounting Practice; and 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 {UKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs 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 in the UK, including the FRC'S Ethical Standard, and we have fulfilled ourother ethical responsibilities 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 concluded that the trustees, use of the going concern basis of 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, individually or collectively, may cast significant doubt on the chariws ability to continue 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 the annual report, other than the financial statements and our auditorfs report thereon. Our 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.
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Independent Auditors, report to the Trustees (ConYd} For the year ended 5 April 2025 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: the information given in the Trustees, Annual Report is inconsistent in any material respect with the financial statements; or the charity has not kept sufficient accounting records- or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement set out on page 8, 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 preparing the financial statements, the trustees are responsible for assessing the charity's ability to 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. Auditors. responsibilities for the audit of the financial statements 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 whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditors, report 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 IUKI 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: We assessed the susceptibility of the charitvs financial 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. 10
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Independent Auditors, report to the Trustees (ConYd} For the year ended 5 April 2025 Auditors, responsibilities for the audit of the financial statements (convd) Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the Charities (Accounts and Reports) Regulations 218 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 the charity's records of breaches of laws and regulations, minutes of meetings and correspondence with relevant authorities to identify potential material misstatements arising. We discussed the charitvs policies 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 audit, the engagement partner's review included ensuring that the team had approached their work with 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 non-compliance 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 our responsibilities is available on the Financial Reporting Council's website at: www.frc.or -uk a uditorsres onsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charity's 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 the trustees those matters we are required to state to them in an auditorfs report and for 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. DocuSkJned by.. LLr 0510212026 3DDD93F6O34cG... Saffery LLP Statutory Auditors 71 Queen Victoria Street London EC4V 4BE Saffery LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Statement of financial activities For the year ended 5 April 2025 Unrestricted funds Designated funds Total funds 2025 Total funds 2024 Notes Income and endowments from: Donotions and legacies.. Collections Contributions from the congregation Gift Aid donations Income tax refunds Donated services- Albacore Gospel Hall Trust Payroll giving Grants from other Trusts 348,159 217,625 53,990 348,159 217,625 53,990 149,800 7,818 1,955 98 22,377 22,377 437,339 Investments Rental income Bank interest Other- Interments 1,700 1,700 130 31,CK)O 31,000 16,500 Total 674,851 674,851 613,640 Expenditure on: Charitable activities Running meeting rooms Other charitable activities Cost of donated services 763,650 204,413 261,631 763,650 204,413 261,631 763,747 827.950 178,081 Total 1,229,694 1,229,694 1,769,778 Net expenditure (554,8431 1554,843) 11,156,138) Gains/llosses} on sale of fixed assets Transfers between funds 12 387,248 1387,248) Net movement in funds (167,595) 1387,248) (554,843) 11,156,138) Reconciliation of funds Total funds brought forward 4.042.952 16,956,273 20,999,225 22,155,363 Total funds carried forward 12 3,875,357 16,569,025 20,444,382 20,999,225 The notes on pages 15 to 22 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. A full comparative statement of financial activities is shown at note 14. 12
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Balance sheet As at 5 April 2025 2025 2024 Notes Fixed assets Investments Tangible fixed assets 22,643,465 23,030,713 22,643,467 23,030,715 Current assets Debtors Loans 42,569 iO,OCK) 1,696 25,000 17,759 152,739 Prepayments and accrued income Cash at bank and in hand 98,793 151,362 197,194 Current liabilities Creditors Other creditors Accruals and deferred income Loans 37,397 18,584 15.612 1,742,699 15,120 1,647,417 io 1,795,710 {1,644,348) 1,681,123 {1,483,929) Net current assets Total assets less current liabilities 20,999,119 21,546,786 Creditors.. amounts falling due after more than one year.. Loans io 554,737 547,561 Net assets 20,444,382 20,999,225 Funds Unrestricted income fund Designated funds 3,875,357 16,569,025 4,042,952 16,956,273 Total unrestricted and charity funds li 20,444,382 20,999,225 The aiAditp.d finanr.ial statements were approved and authorised for issue by the Trustees of Manor Gospel Trust on 05/0212026 and signed on their behalf by Signed by.. ÈtA*dL D4ABCAE3911C4BB.. Anthony Hazell Trustee The notes on pages 15 to 22 form part of these financial statements 13
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Statement of cash flows For the year ended 5 April 2025 2025 2024 Cash flows from operating activities: Net cash provided by (used in) operating activities (Note A below) {iio,ooi) (621,063) Cash flows from investing activities: Purchase of property, plant & equipment (4,047) Net cash provided by {used in) investing activities (4,047) Cash flows from financing activities.. Cash inflow from new loans Loans repaid Loa n interest paid Repayment of loan receivable 765,000 1697,497) (22,401) 15,000 355,000 1205,1031 120,696} Net cash provided by {used in) financing activities 60,102 129,201 Change in cash and cash equivalents in the reporting period (53,9461 (491,862) Cash and cash equivalents at the beginning of reporting period Cash and cash equivalents at the end of reporting period 152,739 98,793 644,601 152,739 Change in cash and cash equivalents in the reporting period (53,9461 1491,862) Note A Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/{expenditure) for the reporting period Adjustments for: Depreciation charges Loan transferred to gift Loa n interest paid {Increasel/decrease in Debtors Increase/{decreasel in creditors {Increasel/decrease in prepayments Increase/{decrease) in accruals {554,8431 11,156,138) 391,295 (1,700) 59,056 (40,873) 18,813 17,759 492 403,494 72,947 70,839 3,172 15,819) 19,558) Net cash provided by (used in) operating activities {iio,ooi) 1621,063) At 06104124 Non cash changes At 05104125 Note B Analysis of changes in net debt Cashflows Cash 152,739 153,946} 98,793 152,739 153,946) 98,793 Borrowings Short term liabilities Long Term liabilities (1.647.417) 1547.561) 195,282} 17,176} 0 11,742.6991 (554,7371 (2.194,978) {102,4581 0 12,297,436) Total (2,042,239) {156,404) 0 (2,198,643) 14
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Accounting policies 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) second edition and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and UK Generally Accepted Accounting Practice. 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). The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern and subsequently the financial statements have been prepared on this basis. The functional currency is Sterling. Monetary amounts in these financial statements are rounded to the nearest £1. 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. 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 Manor Gospel 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. 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 and support costs Governance and support costs are allocated to charitable activities on the basis of capacity used. Going concern The Trustees consider that there are no material uncertainties about the charit(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. 15
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Tangible fixed assets and depreciation The Trust has a capitalization policy whereby all capital assets with a cost of £3,000 or more will be capitalized, while items below this de minimis threshold will be expensed in the period incurred. This policy will be reviewed yearly to ensure compliance with accounting standards and the organization's financial goals. Tangible fixed assets are stated at cost less depreciation. 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: Land Residential Buildings Buildings Plant & Machinery Equipment Fixtures & Fittings Not Depreciated See Below 50 years Straight Line 10 years Straight Line 5 years Straight Line 5 years Straight Line No depreciation is provided on residential buildings as the Trustees consider the residual value of the buildings to be no less than the cost at which the residential buildings are held. Investment in Cheviot Construction Ltd The Trust holds shares in the subsidiary which are valued at cost. The majority of transactions undertaken by the subsidiary are already reflected in the accounts of the Trust through recharges. On this basis consolidated accounts for the year ended 5 April 2025 have not been prepared. 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. Funds The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust's charitable objects. Designated funds are those funds set aside by the Trustees for a particular purpose and are explained further in Note 12. i.io Financial Instruments The Trust only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate. The Trust did not have any bank loans in the year. i.ii Judgements and uncertainties In application of the Trust's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other relevant factors and reviewed on an ongoing basis. Actual results may differ from these estimates. The trustees consider the most significantjudgement to be the useful economic life of 50 years over which the building is depreciated. Trustees, remuneration No Trustees received any remuneration or other benefits from an employment with the charity12024: None). See related party note 13 for other transactions with Trustees. 16
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Wages and salaries There are no employees {2024: none). Investment The Trust is the sole shareholder of Cheviot Construction Ltd, a Ltd Company set up to manage construction projects, which has share capital of £2 and reserves at 5 April 2025 of £{3,0921 (2024: £1326)). Contributions from the congregation 2025 2024 Donations from individuals Donations from businesses Loan re Mrs Ives written off 148,158 198,301 1,700 135,500 14,300 348,159 149,800 Donated Services (Paid out) 2025 2024 Cheviot Trust 1976 Albacore Gospel Hall Trust 234,425 27,206 134,836 43,245 261,631 178,081 Expenditure Current year Meeting rooms Other charitable artivities 2025 Direct costs: Insurance Repairs & Maintenance Interment expenses Utilities Donations to other Trusts Activity costs Loan Interest Lega I fees Depreciation Governance costs 35,649 226,705 35,649 226,705 20,530 iio,ooi 35,000 26,730 59,056 23,350 391,295 39,747 968,063 261,631 1,229,694 20,530 iio,(x)i 35,OCKJ 26,730 59,056 23,350 391,295 39,747 204,413 261,631 466,044 763,650 Donated services (see note) 763,650 17
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Prior year Meeting rooms Other charitable activities 2024 Direct costs: Insurance Repairs & Maintenance Interment expenses Utilities Donations to individuals Activity costs Loa n I nterest Lega I fees Depreciation Governance costs 18,333 230,792 18,333 230,792 18,099 111,128 675,000 4,348 72,947 21,658 403,494 35,898 1,591,697 178,081 1,769,778 18,099 111,128 675,000 4,348 72,947 21,658 403,494 35,898 827,950 178,081 1,006,031 763,747 Donated services (see note) 763,747 Governance costs include £10,410 (2024: £9,900} in respect of auditors fees. Fixed assets Residential Properties Total Leydenhatch Breakdown below Land Equipment See Below See Below Cost B/f at 06/04/2024 Additions 20,631,184 4,047 4,356,135 1,718,305 63,480 26,769,104 4,047 At 5 April 2025 20,635,231 4.356,135 1,718,305 63,480 26,773,151 Depreciation B/f at 06/04/2024 Charge for the year 3,674,911 391,295 63,480 3,738,391 391,295 At 5 April 2025 4,066,206 63,480 4,129,686 Net book value At 5 April 2025 16.569.025 4.356.135 1.718.305 22,643,465 At 5 April 2024 16,956,273 4,356,135 1,718,305 23,030,713 Land Title Deed Nos: Residential Title Deed Nos: K749456, K617649. K150370. K751061, Th24602 15985. K484042, K478003. K752515 18
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Leydenhatch Gospel Hall Brought into use December 2017 Plant & Machinery Fixtures & Fittings Buildings Equipment Total Cost B/f at 06/04/2024 Additions 19,385,145 25,193 472,317 748,529 4,047 20,631,184 4,047 At 5 April 2025 19,385,145 25,193 472,317 752,576 20,635,231 Depreciation B/f at 06/04/2024 Charge for the year 2,441,227 385.820 15,954 2,358 472,317 745,413 3,117 3,674,911 391,295 At 5 April 2025 2,827,047 18,312 472,317 748,530 4,066,206 Net book value At 5 April 2025 16,558,098 6,881 4,046 16,569,025 At 5 April 2024 16,943,918 9.239 3,116 16,956,273 Loans out 2025 2024 Cheviot Construction Ltd 10,000 25,0(X) TOTAL 10.000 25.000 io. 10.1 Loans repayable Loans repayable within one year 2025 2024 Private Loans 1,742,699 1,647,417 TOTAL 1.742.699 1.647.417 10.2 Loans repayable after one year 2025 2024 Central G H Trust {1-2 years) Private loans11-2 years) Loan re Mrs Ives {over 5 years) 304,737 250,000 295,861 250,000 1,700 TOTAL 554,737 547,561 19
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 ii. 11.1 Analysis of net assets between funds Current yeor Unrestricted funds Designated funds Total Fixed assets Current assets 6,074,442 151,362 11,795,710) (556,4371 16,569,025 22,643,467 151,362 11,795,710) {556,4371 Current liabilities Long term liabilities Total funds 3.875.357 16,569,025 20,444,382 11.2 Prior year Unrestrirted funds Designated funds Total Fixed assets 6,074,442 197,194 (1,681,123) 1547,561) 16,956,273 23,030,715 197,194 11,681,123) {547,5611 Current assets Current liabilities Long term liabilities Total funds 4,042,952 16,956,273 20,999,225 12. Movement in funds 12.1 Current yeor Balance at 6 April 2024 Balance at 5 April 2025 Incoming resources Resources expended Transfers Designated funds- Buildings Unrestricted funds 16,956,273 4,042,952 1387,248) 387,248 16,569,025 3,875,357 674,851 {1,229,694) Total funds 20,999,225 674,851 (1,229,694) 20,444,382 20
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 Movement in funds (cont'd) 12.2 Prior year Balance at 6 April 2023 Incoming resources Resources expended Balance at 5 April 2024 Transfers Designated funds- ENF Designated funds- Buildings Unrestricted funds 4,550 21,443,077 707,736 {4,5501 14,486,804) 4,486,804 16,956,273 4,042,952 613,640 {1,765,228) Total funds 22.155.363 613.640 {1.769.778} 20.999,225 Following practical completion of the major capital project, the Trustees have decided to continue to designate the net book value of the building to reflect that it is integral to their charitable activities. Designated fund 2025 2024 NBV of Leydenhatch 16,569,025 16,956,273 TOTAL 16,569,025 16,956,273 13. Transactions with related parties During the year donations totalling £117,627 (2024- £2,250) were made to the Trust from trustees, related parties, and businesses controlled by them. During the year £157 (2024- £4421 was paid to CMT Equipment (a business controlled by Anthony Hazell, Trustee) for goods supplied, £4,596 (2024- £25,844) was paid to Valley Provincial {of which Paul Brown, Trustee, is a director), for cemetery and landscaping expenses. All transactions were at arms length. During the year a loan of £70,000 was received from Valley Provincial LLP lof which Paul Brown, Trustee, is a director), and a loan of £25,000 was received from Garth Woodcock, Trustee. Both loans are interest free. During the prior year a loan of £35,000 from the parents of one of the Trustees was converted into a donation. At the year end Cheviot Construction Ltd owed £lO.(X)O to the Trust {2024: £25,(x)o). 21
Docusign Envelope ID.. 7171 BDDF-B9APA75I>86EFl B43EB2FB1 Manor Gospel Trust Notes to the Financial Statements For the year ended 5 April 2025 14. Full comparison of Statement of Financial Activities Unrestricted funds Designated funds Total funds 2024 Notes Income and endowments from: Donations und legacies.. Collections Contributions from the congregation Gift Aid donations Income tax refunds Donated services- Albacore Gospel Hall Trust Payroll giving Grants from other Trusts Investments 149,800 7.818 1,955 149,800 7,818 1,955 98 437,339 98 437,339 Bank interest Other- Interments 130 16,500 130 16,500 Total 613,640 613,640 Expenditure on: Charitable activities Running meeting rooms Other charitable activities Cost of donated services 763,747 823.400 178,081 1,765,228 763,747 827,950 178,081 1,769,778 4,550 Total 4,550 Net income/(expenditure) 11,151,588) (4,550) 11,156,138) Gains/llosses} on sale of fixed assets Transfers between funds 12 4,486,804 (4,486,804) Net movement in funds 3,335,216 (4,491,354) 11,156,138) Reconciliation of funds Total funds brought forward 707,736 21,447,627 22,155,363 Total funds carried forward 12 4,042.952 16,956,273 20,999.225 15. Volunteers Manor Gospel Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees. In accordance with Charities SORP IFRS 1021, the value of volunteer time is not recognised in the financial statements. 22