CHARITY REGISTRATION NO: 1161694
MOSTYN GOSPEL HALL TRUST
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS
YEAR ENDED 05 APRIL 2021
Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW
MOSTYN GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS
CONTENTS
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Page
Reference and administrative information 2
Report of the Trustees 3 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
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MOSTYN GOSPEL HALL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 05 APRIL 2021
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CHARITY NAME: Mostyn Gospel Hall Trust
REGISTERED CHARITY NUMBER: 1161694
TRUSTEES: Mr P J Fear
Mr A M White
Mr R Burke
Mr D J Abernethie (Appointed 09/06/2021)
Mr C J Dallow (Appointed 09/06/2021)
TREASURER: Mr P J Fear
PRINCIPAL ADDRESS: Brethren's Meeting Room
190 Station Road
Ratby
Leicestershire
LE6 0JP
INDEPENDENT EXAMINER: Amanda Groombridge
Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: HSBC
9 Leicester Road
Wigston
Leicestershire
LE18 1NR
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MOSTYN GOSPEL HALL TRUST
REPORT OF THE TRUSTEES
YEAR ENDED 05 APRIL 2021
The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. 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 an unincorporated trust constituted by a Deed of Trust dated 23 October 1978, most recently amended by Deed of Variation dated 19 August 2014. The Trust was registered with the Charity Commission for England and Wales on 15 May 2015 under Charity Registration Number: 1161694
Recruitment and appointment of new trustees
The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).
The Trust operates 2 Gospel halls 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 Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with Knighton Park Gospel Hall Trust, 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 to manage and mitigate those risks.
OBJECTIVES AND ACTIVITIES
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 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.
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MOSTYN GOSPEL HALL TRUST
REPORT OF THE TRUSTEES
YEAR ENDED 05 APRIL 2021
Main activities and achievements
The Trust provides and maintains 2 Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.
The Trust’s main achievements this year have been to provide and maintain the Gospel halls, which it operates, during the COVID-19 pandemic in view of resuming religious meetings once government restrictions permit and it is safe to do, as well as moving the sale of the Mostyn Street room through to completion.
During the year members of the congregation also supported another charity, the Rapid Relief Team, with the following events: - Packing of food boxes on three separate occasions
- Delivery of approx. 40No. food boxes to families in the New Parks area
The trust is committed to carrying out maintainance and renovation works to the Peckleton Lane (Desford) gospel hall in the near future.
Plans for Future Periods
From 18th March 2020, Mostyn Gospel Hall Trust ceased using the gospel halls, which it operates. This was as a result of the global COVID-19 pandemic and the general lockdown imposed by the government on 23rd March 2020.
The Trust aims to use these Gospel Halls again once the general lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.
Meetings
Meetings held at the Gospel halls 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 40 and 200 people normally attend these occasions.
The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help.
Spreading the Gospel message and the life of a Christian
The Gospel halls are a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.
Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.
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MOSTYN GOSPEL HALL TRUST REPORT OF THE TRUSTEES
YEAR ENDED 05 APRIL 2021
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:
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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).
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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).
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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).
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The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127:35). The elderly are valued members of the community, for whom both their family and the wider community are expected to care.
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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 from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.
FINANCIAL REVIEW
Financial position
In the year ended 05 April 2021 the Trust had a surplus of incoming resources over resources expended. Total voluntary income received this year was £21,162 compared to £18,902 in the previous year.
All funds held were unrestricted funds.
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MOSTYN GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021
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 for the Charity to hold reserves sufficient to meet the day to day expenses, plus an allowance for any urgent repairs and capital expenses. The Trustees will endeavour not to set aside funds unnesessarily.
Free reserves accumulated in excess of the minimum will be used at the discretion of the Trustees for the strategic development of Mostyn Gospel Hall Trust 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.
Free reserves at the year end were £ 186,954
These have increased fairly significantly due to a profit made on the sale of the Mostyn Street gospel hall.
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 require 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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
STATEMENT OF TRUSTEES RESPONSIBILITIES - continued
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.
On behalf of the board:
Mr P J Fear
Date
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REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF THE MOSTYN GOSPEL HALL TRUST
FOR THE YEAR ENDED 05 APRIL 2021
I report to the trustees on my examination of the accounts of the Mostyn Gospel Hall Trust for the year ended 05 April 2021.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's 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 THE INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 items or disclosures in the accounts, and seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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 EXAMINER'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:
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1.Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2.The accounts do not accord with those records; or
3.The accounts do not comply with 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.
Amanda Groombridge Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW 03 February 2022
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MOSTYN GOSPEL HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 05 APRIL 2021
| Notes Income and endowments from: Donations and legacies: Collections Contributions from the congregation Gift Aid donations Income tax refunds Payroll giving Investments: Bank interest Other Profit on Sale of Assets Total Expenditure on: Charitable activities Running meeting rooms 5 Total Net income/(expenditure) Gains/(losses) on revaluation of fixed assets Net movement in funds Reconciliation of funds Total funds bought forward 8 Total funds carried forward |
Unrestricted Designated Restricted Total funds Total funds Funds Funds Funds 2021 2020 £ £ £ £ £ 12,418 - - 12,418 8,326 - - - - 200 6,755 - - 6,755 8,060 1,689 - - 1,689 2,016 300 - - 300 300 12 - - 12 39 125,057 - - 125,057 - 146,231 - - 146,231 18,941 37,095 - - 37,095 26,119 37,095 - - 37,095 26,119 109,136 - - 109,136 (7,178) - - - - - 109,136 - - 109,136 (7,178) 831,077 - - 831,077 838,255 940,213 - - 940,213 831,077 |
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The notes on pages 10 - 13 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.
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MOSTYN GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021
| Notes £ £ Fixed Assets Tangible assets 6 753,259 Current Assets Debtors - Prepayments and accrued income 10,152 Cash at bank and in hand 206,875 217,027 Current liabilities Creditors: amounts falling due within one year: Loans 25,000 Other creditors 4,317 Accruals and deferred income 756 30,073 Net current assets 186,954 Total assets less current liabilities 940,213 Creditors: amounts falling due after more than one year: Loans - Net assets 940,213 Funds Restricted funds - Unrestricted income fund 940,213 Total unrestricted funds 7 940,213 - 2021 |
£ £ 830,341 - 8,397 21,115 29,512 - 25,000 2,924 852 28,776 736 831,077 - 831,077 - 831,077 831,077 2020 |
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The unaudited financial statements were approved and authorised for issue by the Trustees of Mostyn Gospel Hall Trust on …………………..……….and were signed on its behalf by
Mr P J Fear
The notes on pages 10 to 13 form part of these financial statements
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MOSTYN GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2021
- 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 Mostyn 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.
- 1.3 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.
1.4 Governance and support costs 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.
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1.5 Tangible fixed assets and depreciation Tangible fixed assets (costing more than £100) 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:
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Freehold Land No Depreciation Freehold Buildings 2% Straight line Fixtures and Fittings 10% Straight line
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1.6 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.
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1.7 Funds The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.
Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.
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MOSTYN GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2021
1.8 Preparation of consolidated financial statements
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. 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.
From 18th March 2020, Mostyn Gospel Hall Trust ceased using the gospel hall which it operates, due to the global COVID-19 pandemic and the general lockdown imposed by the government.
The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.
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 (2020: None).
3. WAGES AND SALARIES
There are no employees (2020: none).
4. DONATED SERVICES
| Donated to: RESOURCES EXPENDED Direct costs Heat Light and power Rates and water Repairs and maintenance Insurance Telephone and broadband costs Legal and professional Sundry expenses Depreciation Support costs Bank charges Loan interest Governance |
Year ended 05 April 2021 £ - Meeting rooms £ 5,916 2,934 2,006 431 433 12,474 3 12,137 5 756 37,095 |
Other charitable activities £ - - - - - - - - - - - - |
Year ended 05 April 2020 £ - Year ended 05 April 2021 £ 5,916 2,934 2,006 431 433 12,474 3 12,137 5 - 756 37,095 |
Year ended 05 April 2020 £ 3,637 2,366 739 612 415 6,056 38 11,470 30 - 756 26,119 |
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- RESOURCES EXPENDED
Governance costs include £180 (2020: £180) in respect of independent examiners fees
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MOSTYN GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
6. TANGIBLE FIXED ASSETS
| Cost At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 Cost At 06 April 2020 Additions Disposals At 05 April 2021 Depreciation At 06 April 2020 Charge for the year Depreciation on disposals At 05 April 2021 Net book value At 05 April 2021 At 05 April 2020 |
Freehold Property - Leicester Road Freehold Property - Mostyn Street Freehold Property - Peckleton Lane Freehold Property - Hinckley Road Property Improvements - Peckleton Lane £ £ £ £ £ 135,000 80,000 401,425 296,890 32,073 - - - (80,000) 135,000 - 401,425 296,890 32,073 23,950 14,127 63,010 11,424 6,580 1,100 930 5,352 3,959 641 (15,057) 25,050 - 68,362 15,383 7,221 109,950 - 333,063 281,507 24,852 111,050 65,873 338,415 285,466 25,493 Property Improvements - Hinckley Road Fixtures and Fittings Totals £ £ £ 3,598 857 949,843 - - - - (80,000) 3,598 857 869,843 139 275 119,502 72 85 12,139 (15,057) 211 360 116,584 3,387 497 753,259 3,459 582 830,341 |
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Property Details:
Land registry titles of the above property held are LT103728, LT283690 and LT244054.
7. ANALYSIS OF NET ASSET BETWEEN FUNDS
| 7.1 Current year Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds 7.2 Prior year Tangible fixed assets Current assets Current liabilities Non-current liabilities Total funds |
Unrestricted funds £ 753,259 217,027 (30,073) - 940,213 Unrestricted funds £ 830,341 29,512 (28,776) - 831,077 |
Restricted funds £ - - - - - Restricted funds £ - - - - - |
Total funds £ 753,259 217,027 (30,073) - 940,213 Total funds £ 830,341 29,512 (28,776) - 831,077 |
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MOSTYN GOSPEL HALL TRUST NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2021
8. MOVEMENT IN FUNDS
8.1 Current year
| Restricted funds Designated funds Unrestricted funds Total funds Prior year Restricted funds Unrestricted funds Total funds |
Fund balance At 06 April 2020 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2021 £ £ £ £ £ - - - - - - - - - - 831,077 146,231 (37,095) - 940,213 831,077 146,231 (37,095) - 940,213 Fund balance At 06 April 2019 Incoming resources Resources expended Realised/ unrealised gains and losses Fund balance At 05 April 2020 £ £ £ £ £ - - - - - 838,255 18,941 (26,119) - 831,077 838,255 18,941 (26,119) - 831,077 |
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8.2 Prior year
9. TRANSACTIONS WITH RELATED PARTIES
During the financial year, aggregate donations totalling £4,030 were received from related parties of the trustees.
10. VOLUNTEERS
Mostyn Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.
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