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2024-04-05-accounts

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Charity Registration No: 1161692

Hertford Gospel Hall Trust

Report of the trustees and audited financial statements for the year ended 5th April 2024

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Hertford Gospel Hall Trust Contents

Pages

  1. Reference and administrative details

2.-5. Report of the trustees 6.-8. Independent auditor's report 9. Statement of financial activities

  1. Balance sheet 11. Cashflow statement

12.-16. Notes to the financial statements

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Hertford Gospel Hall Trust Reference and administrative details for the year ended 5th April 2024

Charity name: Hertford Gospel Hall Trust
Registered charity number: 1161692
Trustees: Mr David Fox
Mr Antony Price (Chair)
Mr Clive A Roberts
Mr Glen J Stacey
Mr Guy Walton
Treasurer: Mr Antony Price
Principal address: 9 Coulter Close
Cuffley
Herts.
EN6 4RR
Independent auditor: David Brown FCA
Brown Warner LLP
38 Northgate
Newark-on-Trent
Nottinghamshire
NG24 1EZ
Bankers: HSBC
Howardsgate
Welwyn Garden City
Herts.
AL8 6BH

Page 1

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust

Report of the trustees for the year ended 5th April 2024

The trustees present their report along with the financial statements of the Charity for the year ended 5th April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 12 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

Hertford Gospel Hall Trust is an unincorporated trust constituted by Deed of Trust dated 12th March 2007, most recently amended by Deed of Variation dated 8th August 2014. The Trust was registered with the Charity Commission for England and Wales on 15th May 2015 under Charity Registration Number: 1161692.

Recruitment and appointment of new trustees

The names of the Trustees who have served during the year and since the year end are set out on page 1. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2024 (2023: £nil).

The Trust operates a Gospel hall and Trustees are chosen from among the regular congregation of the hall. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity.

The charity also maintains particular links with; East Herts, Enfield, and Mays Lane Gospel Hall Trusts with which it shares members of its congregation.

Risk management

The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems or procedures to manage and mitigate those risks.

Objectives and activities

Objectives and aims

The trust has the following charitable purposes:

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with the Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Page 2

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust

Report of the trustees for the year ended 5th April 2024

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.

Members of the congregation preach in local town centres and tracts are handed out as well as to neighbours and people in need. The Trust has been involved in supporting several events run by a separate charity; The Rapid Relief Team (RRT). Members of the congregation have volunteered to assist RRT with the packaging of food boxes that have been sent to Ukraine, to help those who have been affected by the current war in that country.

Main activities and achievements

The Trust provides and maintains a Gospel hall where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

Plans for future periods

The Trust plans to continue all the current activities.

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, approximately 40 to 700 people would normally attend these occasions.

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. Gospel tracts, which are distributed by street preachers would have contact details to help any wishing to be aware of meeting times.

Bibles and an extensive range of other Christian reading material are on display at the hall and visitors are free to help themselves.

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:

  1. 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 Scripture (1 Tim 2:2)

  2. 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 4:2).

Page 3

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust

Report of the trustees for the year ended 5th April 2024

Objectives and activities

Spreading the Gospel message and the life of a Christian contd.

  1. 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 4:1).

  2. The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127:3-5). The elderly are valued members of the community, for whom both their family and the wider community are expected to care.

  3. 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).

Funding

Funding is sought through gifts and donations from the congregation. Grants are sometimes received from other charitable trusts with congruent objectives. Gift aid is also claimed on relevant gifts.

Financial review

Financial position

In the year ended 5 April 2024 the Trust had a deficit of incoming resources over resources expended. This was due to using funds for an affiliated trust to purchase a new hall and also due to a high depreciation charge i.e. non cash item. Total voluntary income received this year was £281,177.00 compared to £117,000.00 in the previous year.

The trust has converted a property it owned into two houses which were marketed for sale. One was sold during the year and the second is expected to take place in 24/25. This second house will yield the trust around £850,000.

The trust also expects a further £1,000,000 to be granted from an affiliated trust for a property it sold in 2018/19 that awaits succesful permission being obtained by the buyer.

The trust received funds totalling £5,060,000 from the Mays Lane Gospel Trust who sold their hall in the year. These funds are being held on behalf of Mays Lane Gospel Trust and the trust will distribute the funds on behalf of Mays Lane Gospel Hall Trust according to their wishes. Any interest received from the bank on this sum will be added to the funds held for Mays Lane Gospel Hall Trust.

All funds held were unrestricted funds.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The Trustees aim to ensure that the charity will be able to continue to fulfill its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure.

Free reserves at the year end were £ 0 (2023 £0).

Page 4

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust

Report of the trustees for the year ended 5th April 2024

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report 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 & Wales 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 of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 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:

22 January 2025 | 10:04:31 GMT Antony Price Date

Page 5

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust INDEPENDENT AUDITOR'S REPORT TO THE HERTFORD GOSPEL HALL TRUST

Opinion

We have audited the financial statements of Hertford Gospel Hall trust (the ‘the trust’) for the year ended 5 April 2024 which comprise the statement of financial activities, the balance sheet, and the notes to the financial statements, including a summary of 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 accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the the trust 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 our other 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

6

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE HERTFORD GOSPEL HALL TRUST

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:

Responsibilities of trustees

As explained more fully in the statement of trustee's responsibilities, 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 the trust’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 cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 extent to which

7

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Hertford Gospel Hall Trust INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE HERTFORD GOSPEL HALL TRUST

To address the risk of fraud through management bias and override of controls, we:

Auditor's responsibilities for the audit of the financial statements contd.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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 (UK) 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: http://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matter

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2016.

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 charity's trustees those matters we are required to state to them in an auditors' 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 charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Dated:

21 January 2025 | 12:45:

David Brown, Brown Warner LLP, 38 Northgate, Newark-on-Trent, Nottinghamshire, NG24 1EZ Chartered Accountants and Statutory Auditor

Brown Warner LLP is eligible for appointment as auditor of the the trust by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

8

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Hertford Gospel Hall Trust Statement of financial activities (including income and expenditure account) for the year ended 5th April 2024

NOTES
Incoming and endowments from:
Donations and legacies:
Collections
Contributions from the congregation
Gift Aid donations
Other donations
Income tax refunds
Donated services
4.
Payroll giving
Grants received affiliated trusts
5.
Legacies received
Investment income and interest
Rents receivable
Bank interest
Other income
Other
Total
Expenditure on:
Charitable activities
Running of meeting halls
6.
Wider community outreach
Congregation support
Cost of donated services
4.
Transfers to affiliated trusts
5.
Other costs
Governance and support costs
Computer costs
Printing, postage and stationery
Legal & professional costs
Independent Examiner's fee/Audit fees
Bank charges
Depreciation- Office equipment (Admin)
Profit/Loss on sale of assets (Admin)
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Funds at 6th April 2023
Total funds at 5th April 2024
8.		 Unrestricted
Funds
£
120,000
-
-
32,600
-
-
-
128,577
-
-
5,054
-
286,231
262,170
767
3,594
321,517
100
-
3,414
-
7,000
4,800
60
52
-
603,474
317,243
-
-
317,243
-
7,979,267
7,662,024		 Unrestricted
Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2024
£
120,000
-
-
32,600
-
-
-
128,577
-
-
5,054
-
286,231
262,170
767
3,594
321,517
100
-
3,414
-
7,000
4,800
60
52
-
603,474
317,243
-
-
317,243
-
7,979,267
7,662,024		 Total Funds
2023
£
117,000
-
-
-
-
-
-
-
-
4,030
-
-
121,030
58,520
-
20,215
926,054
-
-
1,216
-
11,257
1,000
60
67
-
1,018,389
897,359
-
-
897,359
-
8,876,626
7,979,267

The notes on pages 12 to 16 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.

Page 9

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Balance sheet As at 5th April 2024

NOTES
Fixed assets
Tangible fixed assets
7.
Current assets
Debtors:
Sundry loans
Prepayments & accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors and loans
10.
Accruals and deferred income
Net current assets
Total assets less current liabilities
Net assets
Funds
Unrestricted income fund
Restricted funds
Total Funds
9.
Creditors: amounts falling due after more than one year:		 £
£
8,463,780
8,463,780
16,820
6,824
5,310,102
5,333,746
6,125,164
10,338
6,135,502
801,756
-
7,662,024
-
£
7,662,024
7,662,024
-
£
7,662,024
2024		 2023
£
£
9,129,373
9,129,373
114,964
2,732
572,333
690,029
1,834,000
6,135
1,840,135
1,150,106
-
7,979,267
-
£
7,979,267
7,979,267
-
£
7,979,267		 2023
£
£
9,129,373
9,129,373
114,964
2,732
572,333
690,029
1,834,000
6,135
1,840,135
1,150,106
-
7,979,267
-
£
7,979,267
7,979,267
-
£
7,979,267
9,129,373
1,150,106
-
7,979,267
-
7,979,267
7,979,267
-
7,979,267

The unaudited financial statements were approved and authorised for issue by the Trustee of Hertford Gospel Hall Trust on / / and signed on their behalf by 22 January 2025 | 10:04:31 GMT

Antony Price Trustee

The notes on pages 12 to 16 form part of these financial statements

Page 10

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819

Hertford Gospel Hall Trust Detailed statement of financial activities Cashflow Statement for the year ended 5th April 2024

NOTES
Cash flows from operating activities:
Net income/(-) expenditure for the
reporting period (as per the statement of
financial activities)
Adjustments for:
Depreciation charges
(-) Gains/losses on investments
Dividends, interest and rents from investments
Loss/(-) profit on sale of fixed assets
(-) Increase/decrease in stocks
(-) Increase/decrease in debtors
Increase/(-) decrease in creditors
Net cash provided by (-) used in operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Proceeds from sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
Net cash provided by (-) used in investing activities
Cash flows from financing activities:
Repayments of borrowing
Cash inflows from new borrowing
Receipt of endowment
Net cash provided by (-) used in financing activities
Change in cash and cash equivalents in the reporting
period
Cash and cash equivalents at the beginning of the
reporting period
Cash and cash equivalents at the end of the
reporting period		 Unrestricted
Funds
£
317,243
-
145,194
-
-
-
-
94,052
5,195,367
5,117,370
-
800,000
-
279,601
-
-
520,399
-
900,000
-
-
900,000
4,737,769
572,333
5,310,102		 Unrestricted
Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2024
£
317,243
-
145,194
-
-
-
-
94,052
5,195,367
5,117,370
-
800,000
-
279,601
-
-
520,399
-
900,000
-
-
900,000
4,737,769
572,333
5,310,102		 Total Funds
2023
£
897,359
-
140,183
-
-
-
-
5,644
-
716,202
46,618
-
-
1,543,736
-
427,224
-
-
1,116,512
-
555,000
-
-
555,000
514,894
57,439
572,333

Page 11

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Notes to the accounts for the year ended 5th April 2024

1. Accounting policies

1.1 Basis of financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Hertford Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

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.

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

Tangible fixed assets (costing more than £150) are stated at cost less depreciation. Freehold land is not depreciated. 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:

New build costs 2%- Straight line method Building refurbishments 20%- Reducing balance method Equipment 25%- Reducing balance method

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.

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.

Restricted funds arise from donations to the trust which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts.

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.10 Significant estimates and judgements

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.

Page 12

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Notes to the accounts for the year ended 5th April 2024

2. Trustees' remuneration and expenses

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2023: None).

3. Wages and salaries

There are no employees (2023: none).

4. Donated services

Income
Expenditure
Grants
Grants from affiliated trusts:
Goffs Oak Gospel Hall Trust
Molewood Gospel Hall Trust
Grants to affiliated trusts:
Goffs Oak Gospel Hall Trust
East Herts Gospel Hall Trust
Molewood Gospel Hall Trust
East Herts Gospel Hall Trust
Enfield Gospel Hall Trust
Barnet Gospel Hall Trust
Mays Lane Gospel Hall Trust		 2024
£
-
-
2024
£
-
309,663
300
7,224
3,940
390
321,517
2024
£
128,453
124
128,577
100
100		 2023
£
-
-
2023
£
10,830
908,258
288
1,911
1,010
3,757
926,054
2023
£
-
-
-
-
-

5. Grants

Running of meeting halls and trust property
Repairs and maintenance of buildings
Grounds maintenance
Maintenance- Recording equipment
Light and heat
Rates and water rates
Telephone & broadband at hall(s)/trust property
Conference costs
Insurance- Public liability
Legal & professional- specific to halls
Cleaning
Sundry
Depreciation- Freehold property
Depreciation- Equipment
Profit(-)/loss on sale of assets		 Meeting
rooms
£
18,233
11,214
-
44,665
582
739
-
4,578
17,702
12,109
-
143,444
1,698
-
254,964		 Other
charitable
activities
£
-
-
-
-
-
-
7,206
-
-
-
-
-
-
-
7,206		 2024
£
18,233
11,214
-
44,665
582
739
7,206
4,578
17,702
12,109
-
143,444
1,698
-
262,170		 2023
£
21,809
17,697
314
30,288
35
774
-
3,831
565
4,907
-
137,852
2,264
161,816
-
58,520

6. Running of meeting halls and trust property

Page 13

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Notes to the accounts for the year ended 5th April 2024

7. Tangible fixed assets

Tangible fixed assets
Freehold
Property* and
Refurbishment
£
Cost
At 6th April 2023
9,639,776
Disposals
800,000
Additions
279,601
At 5th April 2024
9,119,377
Depreciation
At 6th April 2023
517,396
Disposals
-
Charge for the year
143,444
At 5th April 2024
660,840
Net Book Value
At 5th April 2024
8,458,537
At 6th April 2023
9,122,380		 Equipment
£
21,727
-
-
21,727
14,734
-
1,750
16,484
5,243
6,993		 Total
£
9,661,503
800,000
279,601
9,141,104
532,130
-
145,194
677,324
8,463,780
9,129,373
8.
Analysis of net assets between funds
8.1 Current year
Tangible fixed assets
Currents assets
Current liabilities
Total funds
8.2 Prior year
Tangible fixed assets
Currents assets
Current liabilities		 Unrestricted
Unrestricted
Designated
funds
funds
£
£
8,463,780
-
5,333,746
-
6,135,502
-
7,662,024
-
Unrestricted Unrestricted
funds
Designated
£
funds
£
9,129,373
-
690,029
-
1,840,135
-
7,979,267
-		 Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-
-		 Total
funds
£
8,463,780
5,333,746
6,135,502
7,662,024
Total
funds
£
9,129,373
690,029
1,840,135
7,979,267

Total funds

9. Movement in funds

Restricted funds Fund Designated funds Unrestricted funds

Total funds

Balance at
6 April
2023
£
-
-
-
7,979,267
7,979,267		 Incoming
resources
£
-
-
-
286,231
286,231		 Resources
expended
£
-
-
-
603,474
603,474		 Realised/
unrealised
gain and
losses
£
-
-
-
-
-		 Balance at 5
April 2024
£
-
-
-
7,662,024
7,662,024

Page 14

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Notes to the accounts for the year ended 5th April 2024

9. Movement in funds contd.

Restricted funds
Fund
Designated funds
Unrestricted funds
Total funds		 Balance at
6 April
2022
£
-
-
-
8,876,626
8,876,626		 Incoming
resources
£
-
-
-
121,030
121,030		 Resources
expended
£
-
-
-
1,018,389
1,018,389		 Realised/
unrealised
gain and
losses
£
-
-
-
-
-		 Balance at 5
April 2023
£
-
-
-
7,979,267
7,979,267

10. Loans received

The short term loans have no fixed date for repayment. Interest is only payable on the monies held on behalf of Mays Lane Gospel Hall Trust.

11. Transactions with related parties

A donation was received from Enfield Safety Supplies Ltd of which Glen J Stacey, Trustee, is a director for £5,000 (2023- £ Nil). A donation was received from Tilgear which is connected to Glen J Stacey, Trustee, for £1,600 (2023- £ Nil). Clive Roberts is a director of East Herts Developments Limited to which company the Trust has advanced £28,050.13 (2023: £ 430,751.00) during the period to fund the development of new halls/developments, set against construction invoices for work completed during the period amounting to £98,144.48 (2023: £527,772.34) and leaving a balance at the year end of £0.00 (2023: £98,144.48). Rent is owed to the trust from Clive Roberts, trustee for £16,820 (2023 - £16,820). Purchases were made from Bible and Gospel Trust of which Glen J Stacey is a Trustee for £432.00 (2023- £ Nil). Purchases were made from Filtrex Global Ltd of which David Fox, Trustee, is a director for £445.68 (2023 £ Nil).

12. Volunteers

Hertford Gospel Hall Trust relies on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

Page 15

Docusign Envelope ID: 84CB6278-F011-446E-9892-71966A7DB819 Hertford Gospel Hall Trust Notes to the accounts for the year ended 5th April 2024

13 Full comparison of Statement of Financial Activities

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
Investment income and interest
Rents receivable
Bank interest
Other income
Other
Total
Expenditure on:
Charitable activities
Running of meeting halls
Wider community outreach
Congregation support
Cost of donated services
Transfers to affiliated trusts
Other costs
Governance and support costs
Computer costs
Printing, postage and stationery
Legal & professional costs
Independent Examiner's fee/Audit fees
Bank charges
Depreciation- Office equipment (Admin)
Profit/Loss on sale of assets (Admin)
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
117,000
-
-
-
-
-
-
-
-
4,030
-
-
121,030
58,520
-
20,215
926,054
-
-
1,216
-
11,257
1,000
60
67
-
1,018,389
897,359
-
-
897,359
-
8,876,626
7,979,267		 Unrestricted
Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2023
£
117,000
-
-
-
-
-
-
-
-
4,030
-
-
121,030
58,520
-
20,215
926,054
-
-
1,216
-
11,257
1,000
60
67
-
1,018,389
897,359
-
-
897,359
-
8,876,626
7,979,267

Page 16