Charity Registration No: 1160680 Ivel Gospel Hall Trust Report of the trustees and unaudited financial statements for the year ended 5th April 2025
Ivel Gospel Hall Trust Contents Pages Reference and administrative details Report of the trustees Independent Examiner's report Statement of financial activities Balance sheet 9.-14. Notes to the financial statements
Ivel Gospel Hall Trust Reference and administrative details for the ear ended 5th April 2025 Charity name: Ivel Gospel Hall Trust Reglstered charlty number: 1160680 Trustees: Mr C. Rufus Barter Mr Graeme H. Melvin (Chair) Mr Jake Melvin Mr Lee Hooper Mr Edward J Smith Treasurer: Mr Graeme H. Melvin Principal address: The Brethren's Meeting Room Tintinhull Road Yeovil Somerset BA213NU Independent Examlner: Sandra Martin FCCA 50 Rose Lane Biggleswade Beds. SG18 ONB Page 1
Ivel Gospel Hall Trust Report of the trustees for the year ended 5th April 2025 The truslees present their report along wth the financial statements of the Charity for the year ended 5th April 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the Trust Deed and applicable law. Structure, governance and management Governing document The Charity is controlled by a Deed of Trust. and constitutès an Unincorporated Charity. Ivel Gospel Hall Trust is constituted by a Deed of Trust dated 29th November 1982, subsequent amending Deeds, and most recently by a Deed of Variation dated 15th August 2014. The Trust was registered with the Charity Commission for England and Wales on 27th February 2015 under Charity Registration Number.. 1160680. Recrultment and appolntment of new trustees Th8 Truslees who hav8 served during the y88r and since the y8ar end ar8 S8t out on pag8 1. None of the Trustees, nor any person connected with them, received any remuneration or expenses from Ihe Charity in the year, nor in the pr8c8ding financial year. The Trust operates four Gospel halls and Trustees arè chosen from among thè 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 arè selected according to their skills and experience and are expected lo use both in furthering the objects of the Charity. Checks are made to ensurè the Trustees, èligibility to act and incoming Trustèes are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read Ihe Trust Deed and relèvant Charity Commission guidance. Wlder network The Trustees maintain informal links with Trustees of similar charities with a view lo pooling experience considered useful in pursuing the objects of the Charity. This includes those of the Yeovil Gospel Hall Trust, which also operates Halls in the Yeovil area, and with which it shares members of its congregation. Rlsk management Th8 Trusl88s hav8 id8ntif18d and r8view8d the major risks lo which th8 charity is expos8d and confirm that they have established systems or procedures to manage and mitigate those risks. Oblectlves and actlvltles Objectives and aims The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit. including by the carrying on of the service of God in accordance with the Old and New Testaments of Ihe Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the "Brethren") and any other charitable purposes connected with the Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in Iwo schedules to the Trust Deed. Page 2
Ivel Gospel Hall Trust Report of the trustees for the year ended 5th April 2025 Public benefit The Trustees confirm that they have complied wth their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance to charities on public benefit. Main activities and achievements The Trust have provided and maintained four 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 their website www.plymouthbrethrenchristianchurch.org and in the schedLJles to the Trust Deed. The Trust's main achievements this year have been to maintain the Gospel Halls, for the continuing use of the congregation and visitors, and encouraging works by the congregation which benefit the wider community. In addition a Property has been acquired al Triways, Martock, for the building of a further Gospel Hall in 202512026 subject lo the necessary planning permission. Meetlngs Meetings normally held al the Gospel halls includé Ihe Lord's Supper {Communionl, Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 60 people normally altend these occasions. The meetings are attended by the regular congregation and most are open to olher properly disposed visitors. The noticè board outside the Halls welcomes visitors and displays limes of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which arè distributèd by street preachers. also display this information, During thè financial year, thè Trust was given a gospel hall by an affiliated trust which has been included in the Trust accounts at market value. Spreadlng the Gospel message and the Ilfe of a Chrlstlan The Gospel h811s 8re 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 Ihe public. Jointly with Yeovil Gospel Hall Trust, members of the congregation have undertaken public benefit and outreach work in accord with the Public Benefit Report produced by that Trust which is attached. In carying out this work, the congregation considers itself lo be living out its faith in praclice. as particularly exemplified in the following exlraot from the schedule to the Trust Deed on living a Christian Life.. We seek and are encouraged lo live exemplary lives in all our relalionships with others in the wider community (including former Brethren}, in accordance with the teachings of Holy Scripture (1 Tim 2..21 We regularly go out from our homes to preach on Ihe streets. lo distribute Christian literature and engage with the wder 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. Page 3
Ivel Gospel Hall Trust Report of the trustees for the year ended 5th April 2025 Objectives and activities Spreading the Gospel message and the life of a Christian contd. 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 olhers, 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 commLJnity, in so far as reasonable given our abilities and our available resources. {Matt 7'.12, Matt 22'.39, Eph 4'.28>. Volunteers Ivel Gospel Hall Tnjst relies on volunleers to carry out the management, administration and, where appropriate, g8n8ral main18nance work. Th8 trust has no paid staff or paid Trusle8s. Funding Funding is sought through gifts and donalions from Ihe ¢ongrègalion. Granls are also receiv8d from other charitable trusts with complementsry objectives. Flnanclal revlew Flnanclal posltlon In the year ended 5 April 2025 the Trust had 8 surplus of incoming resources over resources expended. This surplus is due lo a gift of premises from Yeovil Gospel Hall Trust. Total voluntary income received this year was £ 387.422 compared to £ 36.516 in the previous year. All funds held were unreslrieted funds. Reserves pollcy The Trustees have considered the level of reserves they wish to ret8in, appropri81e to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees have a programme of raising further funds by way of donations and collections, and if necessary loans, in ord8r lo fund intend8d projects. Th8 congregation is k8Pt r8gularly inform8d of needs accordingly. It Fre8 reserv8s at the y8ar 8nd wer8 £0.0012024 £.00), bul Y80viI Gospel Hall Trust is committed to providing finance for ongoing costs and intended projets. Events since the Year End and Plans for Future Periods The Trust plans lo continue its present activities. It is intended lo develop the Property acquired last year at Triways, Martock as a furthèr Gospel Hall. subject lo planning permission, in 202512026. Build costs are likely to be £250,000 10 £350,000. The disposal of surplus property at that location should then enable the repayment of loans thereon. Once that proposed Gospel Hall is operational, the existing Hall at "The Avenue. is expected to be sold, again subject to planning permission for development. Page 4
Ivel Gospel Hall Trust Report of the trustees for the year ended 5th April 2025 Statement of trustees. responsibilities The trustees are responsible for preparing the Report of the Trustees and the Financial Statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pted Accounting Practice). The law applicable to charities in England & Wales, the Charities Act 2011, charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees lo prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of reSoUrs, 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., bl observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent; dl prepare the financial statements on the going concern basis unless il is inappropriate to presume that the Charity wll continue in operation. The Trustees are responsible for kèeping proper accounting records which disclose with reasonable accuracy al any time the financial position of the charity and to enable them lo ensure that the Financial Statèmenls comply with the Charities Act 2011, the Charity (Accounls and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of thè Charity and hence for taking reasonablé steps for the prévention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustees. On behalf of the board.. Graeme Melvin 512126 Graeme H. Melvin, Trustee Dale Page 5
Ivel Gospel Hall Trust INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF IVEL GOSPEL HALL TRUST I report to the Trustees on my examination of the accounts of Ivel Gospel Hall Trust for the year ended 5th April 2025, which are set out on pages 7 to 11 and on the Trustees, Report for the year comprising Respective responslbllltles of Trustees and Examlner The Charitvs Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Basis of ind•pendent examlnerfs statement My examination was. carried out in a¢cordan¢e with the General Directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual it8ms or disclosures in the accounts. and seeking explanations from you as Trustees concerning any such rnatters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statements below. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Accounting r8cords were not kept in r8spect of the Trust as required by section 130 of the Act., or The accounts do not accord with those records,. or 3. The accounts do not comply viith the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Sandra Martin FCCA 50 Rose Lane. Biggleswade. Beds. SG18 ONB Page 6
Ivel Gospel Hall Trust statement of financial activities (including income and expenditure accounti for the ar ended 5th ril 2025 Unrestricted Unrestricted Designated Funds Funds Restricted Funds Total Funds 2025 Total Funds 2024 NOTES Incoming and endowments from.. Donations and legacies.. Collections Contributions from the Congregation Gift Aid donations Other donations Income tax refunds Donated services Payroll giving Grants received affiliated trusts Legacies received Burial lees Investment income and interest Bank interest Other income Other 37,422 37,422 36,516 350,000 350,000 Total 387,422 387,422 36,516 Exp8ndlturè on: Charltable actlvltles Running ol meeting halls Wider community outreach Congregation support Cost of donated services Other Costs 43,880 43,880 39,830 Governance and support Costs Computer costs Printing, postage and stationery Legal & professional Costs Ind8P8nd8nl Examiner's leelAudil fees Bank charges Depreciation- Office equipment (Admin) ProfitlLoss on sale of assets (Admin) 1,000 1,000 69S Total 44,880 44,880 40,525 Net incomellexpenditurel 342,542 342,542 4,009 Gainslllossesl on r&valualion of fixed assets Net movement in funds 342,542 342,542 4,009 Reconciliation of funds Funds al 6th April 2024 574,793 574,793 578,802 Total funds at 5th April 2025 917,335 917,335 574,793 The notes on pages 10 10 14 form part of these financial stalemenls. All of the above activities are classed as continuing and there are no gains and losses other than those included above. Page 7
Ivel Gospel Hall Trust Balance sheet As at 5th ril 2025 2025 2024 NOTES Fixed assets Tangible fixed assets 1,516,708 1,176,071 1.516,708 1,176,071 Current a$$¥t$ Dtsblors.. Sundry loans Prepayments & a¢¢rued in¢ome Cash al bank and in hand 2,380 3,158 2,383 3,161 Current liabilities Creditors.. amounts falling due within one year.. Other creditors and loans Accruals and deferred incorne 600,000 1,756 600,000 4,439 601,756 604,439 N&1 ¢urrenl assets 599,373 601,278 Total assfjt$ le$$ ¢urrent Ilabllltlo¥ 917,335 574,793 Cr8dllor8'. amounts lalllng due after more than one year.. N&t ass&ts 917,335 574,793 Funds Unreslrlcled Income fund Reslricled funds 917,335 574,793 Tot81 Funds 917,335 574,793 The LJnaLJdited linanclal statements werg approved and aulhorlsgd for IssLJa by the TrLJStaa of Ivel Gospel Hall Trust on and were slgned on Ihglr behalf by Truslg9 The notes on pages 10 10 14 form part of these financial statements Page 8
Ivel Gospel Hall Trust Detailed statement of financial activities Cashflow Statement for the ar ended 5th ril 2025 Unrestricted Unrestricted Designated Funds Funds Restricted Funds Total Funds 2025 Total Funds 2024 NOTES Cash flows from operating activities.. Net incomell.) expenditure for the reporting period las per the statement of financial activities) 342,542 342,542 4,009 Adjustments for.. Depreciation charges l_l Gainsllosses on investments Dividends, interest and rents from investments Lossll-l profit on sale of fixed assets l_l Increaseldecrease in stocks l_l Increaseldecrease in debtors Increasell_l decrease in creditors 9,363 9,363 9,403 778 2,683 778 2,683 1,692 3,665 Nèt cash provldèd by l.) used In op8rating activities 350,000 350,000 7,367 Cash flows from Inv•stlng aetlvltl•s'. Dividends. interest and rents from investm6nts Proceeds from sale of property, plant and equipmgnl Purchase of property, plant and equipment Proceeds from sale of investments Purchase of Inveslm8nls 350,000 350,000 607,367 N&t cash provlded by l.) used In Inv&stlng a¢tlvltlo8 350,000 350,000 607,367 Cash flows from flnan¢lng actlvltle8: R8paymgnls of borrowlng Cash Inflows from new borrowing Recelpl of endowment 600,000 N&t ¢8$h provlded by l.) us¢d In fin¥n¢lng ¥¢tlvltl&$ 600,000 Change in cash and cash equivalents In the reporting period Cash and ca$h equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period Page 9
Ivel Gospel Hall Trust Notes to the accounts for the ar ended 5th ril 2025 Accounting policies 1.1 Basis of financial statements The finan¢ial slalemenls have been prepared in 8¢¢ordan¢8 with AOUntIng and Reporting by Charities.. Second edition of th8 Statement of Recommended Practice applieAble to charities preparing their Accounts in aecordanee with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 iSSLJed in O¢tober 2019. the Financial Reporting Stsndard applicable in the United Kingdom and Republi¢ of Ireland IFRS 1021, and UK Generally A¢cepted A¢¢ounling Practice. The fvnctional currency of the charity is sterling 1£). The Trust meets the definition of 8 public benefit enlily under FRS 102. Assets and1iabililies are initially recognised al histori¢a1 cost or Irans8clion v8luts unltsss otherwise staled in the relevant a¢¢ounling poli¢y noltss. 1.2 Incoming Resources Donations arts rtscognistsd in the Year in whi¢h Ihtsre is tsnlilltsmtsnl and prtsbability of re¢tsipl and the amount Can be measured with reasonable certainty. Incomts is only dtrlerred when Ihts Charity has lo fulfil conditions btsforts btscoming tsnlilltsd lo il or whertr the donor has specifitsd that the income is lo be expended in a future year, Gift aid is added to the value of the donation lo which il relates, Donated stsrvices are rtscognistsd as income and trxpenditure in thts financial staltsmtsnls when organisalions or individuals offer Ih&ir servic8s and support pro bono. The value ol these donated stsrvices Its Ivel Gosptsl Hall Trust is considered lo be equal lo market valuts which would bts paid wère the servictss formally procur&d. Inv&slmenl incom& is accounted for on a rèceivable basis. 1.3 Resources Expended Expenditure is included for this year on an accruals basis. Liabilitiès aré recognised as soon as thère is a18gal or conslruclivè obligation commilling th8 charity lo pay out resources. Charitable activities comprise those costs directly attributable lo the fulfilmenl ol the charitable objects. 1.4 Governance costs Governance costs comprise all costs involving the public accountability of the charity and costs related to stalulory requirements. 1.5 Tanglble flxgd assgls and depreclallon Freehold Property The Fr88hold Properties al Larf(hill Road, Yeovil, The Avenue, Yeovil and al Triways, Martock are staled al cost plus any imprDvem8nls. No depreciation is charged on these properties as the market value is considered lo be not less than book value. The Freehold Property at St. Michaels Avenu8, Yeovil, is staled at cost including improvements to date. Depreciation has been charged al 4VD per annum on the slraighl line basis on the value excluding the notional value of land, with effect from 6th April 2015. Plant, Equipment and Fittings Oepraclatlon Is ¢harged al 250/0 per annum on Ihg rgduclng balancg basls. 1.6 Taxation The Trust is a registered charity and is not liable to United Kingdom taxation on charitabl8 activities, provided income falls within th8 charitable exemptions and is spent on charitable purposes. 1.7 Funds All funds are General Unrestricted Funds and are free for th8 Truslees to use lor any purpose in furtherance of the Trust's charitable objects. 1.8 Going concern The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The Trustees do not consider that there are any SOLJrces of estimation Ljncertainty at the reporting dale that have a significant risk of causing material adjustment to the carrying amoLJnts of assets and liabilities within the next reporting period. Page 10
Ivel Gospel Hall Trust Notes to the accounts for the ar ended 5th ril 2025 2. Trustees. remuneration and expenses No TrLJStee received any remuneration or other benefits for services rendered in the year, or the preceding year. Expenses incurr8d were reimbLJrsed, if applicable, at cost, with no benefit whatsoever arising. 3. Employees and Volunt••rs The Trust had no employees in this year or the preceding year. The Trust relies on volunteers to carry out Management, Adminislralion and certain Maintenance work. 4. Donated services In¢omo 2025 2024 Yeovil Gospel Hall Trust 37,422 36,516 37,422 36,516 S. Grants 2025 2024 Grants from afflllatad trusts: Yoovil Gospel Hall Trust 350,000 350,000 oth•r charltable actlvltl8s Meeting rooms 6. Runnlng of meet5ng halls and trust property 2025 2024 Repairs and maintenance of buildings Grounds maintenance Maintenance- Recording equipment Light and heal Rates and water ral8S Security and fire control Telephone & broadband al halllslllrusl property Conference Costs Insurance- Public liability Burial Ground CDSts Legal & professional. specific to halls Cleaning Sundry Depreciation- Freehold property Depreciation- Equipment Profitl-llloss on sale ol assets 2,139 10,470 2,139 10,470 2,374 1,86S 4,865 63 363 1,387 4,865 63 363 1,387 8,233 671 3S1 164 4,453 4,453 2,627 11,629 11,629 14,142 9,244 119 9,244 119 9,403 43,880 43,880 39,830 Page 11
Ivel Gospel Hall Trust Notes to the accounts for the ar ended 5th ril 2025 7. Tangible fixed assets Freehold Propertf and Equipment Refurbishment Total Cost Al 6th April 2024 Disposals Additions 1,175,594 477 1,176,Q71 350,000 350,QQQ At 5th April 2025 1.525,594 477 1,526,071 D&pr•clatlon Al 6th April 2024 Disposals Charge for th8 year 9,244 119 9,363 Al 5th April 2025 Ntsl Book Value Al 5th April 2025 9,244 119 9,363 1,516,350 358 1,516,708 Al 6th April 2024 1,175,594 477 1,176,071 Land Registry title numbers are,. ST145770, WS17495, WS25340 and part WS13910 7.2 During the year thè trust recèived a propety al Wesl Coker Road, Yeovil donatèd from Yeovil Gospel Hall Trust al market valué of £350,000 lor nil consideration. 8. Analysls of net a$$ets betwoon funds Unr•strletèd Unr&strlctgd Deslgnat•d funds funds Rostrlctod funds Total fund$ 8.1 Currgnl year Tanglble flxgd assgls Curr8nls assets 1,516,708 2,383 601,756 1,516,708 2,383 601,756 917,335 917,335 Total funds 8.2 Prioryear Unrestrlcted Unrestrlcted funds Dgslgnated funds Restrlcted funds Total fund$ Tangible fixed assets Currents assets Current liabilities 1,176,071 3,161 604,439 1,176,071 3,161 604,439 574,793 574,793 Total funds 9. Movement in funds 9. 7 Current year Realisedl unrealised gain and losses Balance at 6 April Incoming 2024 resources Resources expended Balance at 5 April 2025 Restricted funds Fund Designated funds Unrestri¢led funds 574,793 387,422 44,880 917,335 Total funds 574.793 387.422 44,880 917,335 Page 12
Ivel Gospel Hall Trust Notes to the accounts for the ar ended 5th ril 2025 9. Movement in funds contd. 9.2 Prioryear Realisedl unrealised gain and losses 8alance at 6 April Incoming 2023 resources Resources expended Balance at 5 April 2024 Restrlctèd funds Fund Designated funds Unrestricted funds 578,802 36,516 40,525 574,793 Total funds 578,802 36,516 40,525 574,793 10. Transaetlons wlth r•lat•d partlès As al 5th April 2025, there was an unsecured loan of £250,000 from Mapperton Holdings Limited, a company in which Mr. Jake Melvin, a Trust88, is a participalor. The loan is subject lo review within one year and is interest fre812024 £250,000). 11. Volunteers Ivel Gospel Hall Trust relies entirely on volunteers lo cary out the management, adminislralion and general maintenance work. The Trust has no paid staff or paid Trustees. Page 13
Ivel Gospel Hall Trust Notes to the accounts for the ar ended 5th ril 2025 12. Full comparison of Statement of Financial Activities Unrestricted Unrestricted Designated Funds Funds Restricted Funds Total Funds 2024 Incoming and endowments from.. Donations and legacies.. Collections Contributions from the Congregation Gift Aid donations Other donations Income tax refunds Donated services Payroll giving Grants received affiliated trusts Legacies received Burial lees Investment income and interest Bank interest Other income Other 36,516 36,516 Total 36,516 36,516 Exp&ndlture on: Charltablo aetlvltles Running ol meeting halls Wid&r ¢ommLJnity oulr6ach Congregation support Cost of donated servlc8S Olhgr costs 39,830 39,830 Govornance and support costs Compulgr costs Prlnllng, postag8 and stallonery Legal & prolesslonal costs Ind8p8nd8nl Examlnerfs leelAudil fees Bank charges Depre¢ialion- Office equlpmenl (Admlnl ProflllLoss on sale of assets (Admin) 695 695 Total 40,525 40,525 Nttt incomellexpenditurel 4,009 4,009 Gainslllossesl on r&valualion of fixèd assèts Net movement in fund8 4,009 4,009 Reconciliation of funds Total funds brought forward 578.802 578,802 Total funds carried forward 574,793 574,793 Page 14