Charity re8lStration number.. 1161973 Maidstone Gospel Hall Trust Annual Report and Financial Statement5 for ihe Y¢ar Ended S April 2024
Maidstone Gospel Hall Trust Contenls (continu¢d) Reference and Adtnini5trative Dctails Trust¢e5' Report 2to6 Siatement of Trust¢es' Responsibilities 7t08 ITLdependent ExaTniner'$ Report Staten]ent of Financial Acliviiics 10 Balanc¢ Sbeer Notes lo the Financial Statements 12to 17
Maidstone Gospel Hall Trust Ref¢renee and Administrative Details Chairrnhn Mr Martin Fleck Trustees Mr Charles Hathorn Mr Martin Fleck MT Timoihy Bo Mr Robert Sautbderson Mr Randall Paul Mallinson 1161973 Charity RegistrAtlon Nurnber Prlncipal Offiee Gospel Hall Heath Road Linto Maidstone ME174HT Indepethdent Examiner Hinton Abbott Accountants 2 Kingsdown Orchard Hyde Road Swindon SN2 7tui Page I
Maidston¢ Gospel Hall Trust Trustees, Report The trustees present the annual report tO8ether with the fJnanci81 statements of the charity for the yeaT ended 5 April 2024. Slriicliire, goveriifjiice ftndiii¢Ti1fflgeiJfvt Governing document The charity is controlled by a deed of trust, and constih]tes an unittcorporated charity. The Maidstone Gospel Hall Trnst is constituied by a Deed of Trust dated 28th September 2004, amended by various Deeds and iiiost rccehtly by Deed of Variation dated 10th of Deceniber 2014. The Tiust was re8jStered with the Charity Commission for England aiid Wales on 3 Jllne 2015 under Charity Registration Number. 1161973. Recruitment and appoiniment of new trusiees The names of the fruste¢s who served during ihe year aiid since the year end are sel oui on page l. None of ihe In15tee5. nor any persoll connected with them, received any remuE)¢ration or expens¢s fiDtn tlie Charity in the year eThded S April 2024 {2023.. £Nil). The Trust operate5 one Gospel halls and Trusle¢s are chosen from among the regular conggallon of the halls. New Tnistees are Thonilliated by the existii)g TTUStees or by the congregaiion and must be appoiiited by Ullanimous resolution of the ¢ongregalion. They are selected according to their skills and expericncc alld are expected to Use both in furthering the objecis of the Charity. Checks are made 10 ensure the Trusiees, eligibility to act and iiicomuig Trustees are tnade awar¢ of their responsibilities by the exisiing Truylees, who enbure Ihal t]ew Trustces read th¢ Trust Deed and relevant Charity Conimis5ion guidance. Wider J)¢twork Tht Trustees maintain informal links Wlth ssmilar ¢harities with a view to pooling experien¢¢ Considered usefvl in PUT5uing the objects of the Charity. The Charity also maintains pani¢ular liuks with the Invicta Gospel Hall Trust. with which it shares members of its congTegation. Risk management The Trustees have idetitified and reviewed the tllajor risks to which the charity is exposed and confllm that they have established systems or procedures to manage and miiigat¢ those rthsks. Page 2
Maidstone Gospel Hall Trust Trustees, Report (continued) Objectives and activities Oble¢tives and The ¢haYit8ble PilTposes of the Charity are lh¢ advancemenl of tlie Christian reliBion for Éh¢ public benefit. including by the canying on of the service of God iii accordance wilh the Old and New Te$tamcnt8 of the Holy Bible as followed by those Christians forming parl of ihe wvrld-wide fellowship known a5 the Plymouth Brethren Christian Church Iihe "Breihreii") and ally other ¢h4ritable putposes ¢onne¢ted with Brethren. The Core docirine of the Breihreii and proper practices in fi]rtherance of certain aspects of doctrille are SUmnl.iSed in two schedule5 10 the -I'ru5t Deed. Publle benefit The TTusi¢es conf tliai they have cotnplied with their duty uttder section 4 of the Charities Act 2011 to have due r¢gard tt> the Charity Con}1$910n'S general guidatyce to charities on publi¢ benefit. Maln ActlVLties The Trust Pfovsdes and Tnaintains a Gospel hall where religious meeting5 are held by the local B¥ethren comniunity. Details of the origins. teachings atid way of life of the Breihren can be lound on the website www.ptymouihbJtthrenchristiEnehurch.OTg and iti the schedules to the Trust Deed. SoJThe of th¢ ¢ommunity eiigag¢menLlbenefit work undertaken by the charity inLludes'. Cliur¢h Hill hall car park .. We lend this to the nesghbouring Boughton Monchtlsea pritnary school free of charse when the School holds P8Tet)t5' evening mectlllgs. b. Free Bibles.. W¢ give away pockei-sized Bibles. Streei preaching.. there is a preaching in the ¢entre of Maidstone at 12.45 every Monday and W¢dnesday and an IGHT communicant attend5. d. Gospel leafleis ('tracts')'. thousands are purchased and given away. ¢. Food packs.. We give food packs to a hostel for homeless persons. f. Hampers.. We give a hamper every Chrismias to the neighbour of our War¢ Sireet hall, lo express appreciation of hi5 keeping a watchfi]l eye on the hall and environs. g. Letter% of neighbours, appre¢iation.' We Succeeded in getting a letter from the neighbour of each of our three halls, expressi2]g their appreciation of us as neighbours. The trustees have also established an Eynergency Needs fund for the duration of the current pandemic atld any rcsultant e¢onomic downtUTn. This 15 providing limited fanCial assistance by the way of gTorery vouchers to households, who have experienced a recent and signifi¢wit decrease in income due to the pandemsc, such Ihot it l5 likely to irnpaet on the health alldlor welfar¢ of members of ihe household. Th¢ trust has appointed a Local Welfar¢ Panel to manage the application process and ro athniijister the voueliers to quhlifying applicants. Plans for Future Periods Despite the increased cost of energy. the tn]stees feel thai these increased costs are not signifi¢antly itnpacting on the ability of the charity lo continue as a going con¢¢rN. Meefings Meetiiigs held ai ihe Gospel halls include the Lord's Supper (Communion}, Gospel preachings, Bible readings and Bible addresses. There is a slrL]ctud weekly schedule of meeting5 and, depend8 on ihe particul. i#eetiD between 400 )d 450 people ttom)ally attelid thes¢ occasions. Page 3
Maidstone Gospel Hall Trust Trustees, Report (continued) The meetings are attended by the regular congregation and most are open to other properly disposed visitors. Th¢ noii¢e board ou15ide the Hall welcomes visitor5 and displays the IunES of Gospel preachiiigs, along with a telephone uniber for those seekin8 fijither informatioti or lielp. Gospel ira¢ts, which are distributed by street preachers. also display this llifoirnaiion. Bibles and an ¢Xt¢n5ive rdnge of other Christian reading mateTial are on digplay ai lh¢ halls and visitor5 are free to help themselves. SpreadRng the Gosp¢l message and the life of A Christia The Gospel hall is a base from wliich the regular congiEgation and oth¢rs who attend ihe meing$ ar¢ encouraged lo spread the Christian Gospel, in word and deed. Members of the ¢onwgation participa[¢ it) a programme of street preaching ajjd Gospel tracts are provided free of ¢harge by the Charity to sueh preachers to be handed out (o int¢Tested members of the public. ln addition to street preachin& members of the Conwgation usually work with Rapid Relief Team (Charity Registration No 1161586) for provisiob) of food packs for homeless. In canying out this work, the congregation considers itself to be living out ils faith in practice. as particularjy exemplifi¢d it) the following extra¢È froni the schedule to the Trust Deed on living a Christian life.. We seek aiid ar¢ eThcoiira8ed Éo live exemplary live5 in all our relationships with others in the wider community lincludillg foTmer Brelhrcnl, in accoTdan¢e with the teaehinss of Holy S¢ripthre11 Tiln 2..2). We regularly go out fiDm our homes to PTea¢h on the streets. to distribute Christian literature and engage with the wider ¢ommuniry {including fomier Br¢thren) in order io pres¢Jit eternal salvation, available to all n]en by faith in JeslJ5 Chrisi. {2 Tim 4..2). We seek as TThemb¢rs of the public to lead Christian lives as hu8band$ and wives, pèrents, children, employers, employees and n¢i8hbours. (Col 3..22-25, Col 4'.1). The pre5erYation and PlDtection of the family unit is fundamental aiid chilth'en are prized as a blessing frotn God. (Psalrn 127..3-5}. The elderly are valued members of the commut]ity. for whom both their f&mily and the wider community are expecied io ¢ar¢. Holy Scripture Commands u5 to be good neighbour5 to others, and deal with all other people {includll)g fomier Brethren) openly. honestly and fairly and Consistent with th¢5e principles, we should ¥ive our time. talents and oney to SiSt those in need in the wider community, in so far a5 reasonable given our abililies and our availabl¢ resources. (Mail 7..12, Matt 22.39, Eph 4..28}. Funding Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donatSOlls. Funding is sometimes reeeived from other chariliible trusts willi coniplementary L)bjeclives. Finan¢i#l review In the year ejided 5 April 2024, the Trust had a surplus of £27,285 of incoming Tesource5 over resources expeDd¢d. Total voluntary income received this year wa5 £73.924 compared to £74,484 in th¢ pr¢vious year. All funds held were unrestri¢ted funds. Page 4
Maidstone Gospel Hall Trust Tru$tee5' Report (continthed) Polley oil rerveS The Trust¢es have coiisidered the level of reserves they wssh tcp retain, appropriaie to the chariws needs, based on ils sizc and the lev¢1 of its fsnanLial coMmittls. The Trust has no ¢mployecs. Accordingly, th¢ Trllstees have decidcd to adopt a policy of maintaining iw¢lve months expeThditures a5 reserves.The congregation is kept regularly informed as tu paTliLular needs for funds, atid other relevant matters and the Trustecs aitn io ensure that the Chaiity will be able to coiititlue 10 tiiifil its ¢harilable objcctives even if there is a remporary shortfall in income or unexp¢ct¢d expenditure, by rAising a fi]nds appeal io ihe congregaiioii. Free reserve5 at the year end w¢re £975,532 which con51iluieS loan of £946,176 given to liivicta Gospel Hall Trust. Page 5
Maidstone Gospel Hall Trust Trustees, Report (continued) The aruiual report was approved by the tru5tee5 of the ¢harily on.......21.- 0 (- 2015..................... and signed on its behalf by.. Mr Charle5 Hathorn TNS Mrmarti eck Chaimian and trustee Mr Titnothy Boyt Truste Mr Robert Saunderson Trustee Mr Randall Paul Mallitison Trustee Pag¢ 6
Maidstone Gospel Hall Trust Siatement of Trustees, Responsibilitie5 The tNstees are responsible for preparing the tNstees' report and the fulancial slatenient5 in &ccordan¢e with the United Kingdom Ac¢ountitig Standards (United Kin8dotn Generally Accepted Accounting Practice) and applicable law and re8ulalions. The law applicabl¢ to Charitie5 requires the trustees to prepare fitiancial siatemenis for each fitlancial year which give a true and fair view of the slate of affairs of the charity ajid of the incotning resourccs aiid application of resour¢es of the charity for thai period. In preparing these fancial Statements, the trusie¢5 are required to.. select 5Ultable a¢¢ounling policie5 and Ihen apply thtm consisiently- observe th¢ methods and prin¢ipl¢s in the Charities SORP. make judgetnent5 and eslimates that are Teasonable and prudeni., state whether applicable aecouiiting siandards have been followed, subject to any material departures disclosed and explaincd in ihe financial stalernents., and prepar¢ the financial statenients on th¢ going concem basis unless it is inappropriat¢ to presume that the eharity will coiitinue in business. The trustees are r¢spot)sible for keeping proper accounting records that disclose with reasonable ac¢uracy at atly tllne the fjiiancial position of the charity and enable them to ensur¢ that the financial stalemcnt5 comply wkth the Charities Act 2011, the Charities (Accounts and R¢ports) Regulations 2008, and the provisions of the Constitution. Thr trustees are also SponSIble for safegu8rding Ihe assets of the Charity ad hellce foT iaking reasonable steps for the preventiort and detection of fraud and othcr irre8iilariii¢s. The trustees are responsibl¢ for the maintenance and integrity of the corporate and financial infonnation included on the charitable coinpany's wtbsite. Legislatiot) goveining the prepatation and dissemlliation of financial statemenis may differ from l¢gislation in other jurisdiction5. All transactions have been reviewed and approved by two Irustees. Approv the trustees ofthe charity on .... 17.-. 01.-.2oZ.S............................. . and signed on ils beholf by.. Mr Charles Haihorn Trustee Mr M)rli]i Flec Chaimian and tn]stee Mr Timothy Boyt Tmstee Page 7
Maid8tone Gospel Hall Trust Statement of Trustees, R¢sponsibilitie5 (continued} Mr Rob¢rt Saunderson Trustee Mr Randall Paul Mallinson Trustee Po8¢ 8
Maidstone Gospel Hall Trust Independent Examiner's Report to the tru5tee8 of Maidstone Gospel Hall Trust report to th¢ trusiees on my examination of the accounts of Maidstone Gospel Hall Tn]st for the y¢ar endEd 5 April 2024. Rt$ponsibilitlt$ and bgsis of report As the Charity tnjstees of Maidslone Gosp¢l Hall Trust you are responsible for the pr¢pATation of th¢ accounts in acrdance with the requirements of the Chai'ities Act 2011 ('Ihe Act,). I IEPOrt in respect of my examinatioii of the Maidstone Gospel Ilall Tnist's accounts carried out under section 145 of the 2011 Act and carrying out my examination I have followed all ihe applicable DirectlOn5 giv¢n by the Ch&i'ity Con)mi5sson under section 145(5)(bl of the Act. Basis of the Independ¢nt ex#mlner'$ report My exatnii)ation was carried oiit in accordance with the G¢neral Direciions given by the Charity Con)mission. A Cxaniiiiatioii i]icludes a review of Ihe accounting r¢¢ords kepi by the charity and a coiiiparison of the a¢¢ounts presented with those records. li a150 lrttludes conssderation of any unusual item5 Or disclosure5 In the accouE)ts, and seeking of explanations from you a5 Trustees ¢onceming aiiy such malters. The proccduros undcnak¢n do not provide all the evidence that would be required in ali audit, and consequently no opinion is given as tts wheih¢r the accounts present a,1e and fair view, aiid the repori is limited to those matters sei out in the biai¢ni¢nts below. Independent examiner's statement I have conipleted my examination. l confirm that no material matter5 have come to my attention in connectiOD Wlth the ¢xaminatLOII Siving me cause to beli¢ve that in ajiy material rrspect.. l. a¢¢ounting records were not kept in respect of Maidstone Gosp¢l Hall Tmst as required by $¢¢tEon 130 of the 2. Ihe aocounis do not accord with those T¢cords' or 3. the a¢¢ounts do not Compty with the a¢counting requirements concerning the form and cothtent of accoullls sei out in the CharlieS (Accounts and Reports) Regulations 2008 other than any requirement that ihe a¢¢ounts give a 'ttue and fair view, which is iiot a matier cotisidered as part of independent examination. I have no concerns and have Come across no odier mati¢rs in ¢ollnection with the Examination to whi¢h attention Should be drawn in this report in order to ¢nable a proper und¢r5t4Ddit]g of the a¢¢ounts to be rea¢hed. Chris Pittock- Senior Partner Hinton Abbott ALLountaiits 2 Killgsdown Orchard Hyde Road Swindon SN2 7RR Date.. Page 9
Maidstone Gospcl Hall Trust Statement of Finaneial Activities for the Year Ended 5 April 2024 Unr¢5tritted funds Gener41 Toial 2024 Note Income and Endowments from,. Donations Jnd legacies Investtnent in¢ome 73,924 1.487 73,924 1.487 Total Income 75,411 75.411 Expenditure on: Charitable activities 48,126 48,126 Total Expenditure 48,126) (48.126} Net income 27,285 27.285 Nei movement in funds 27,285 27,285 R¢¢oncillation of funds Total funds brought fonvard Total funds Carrhed f0Thrd 2,720,172 2,720,172 2,747,457 Urtre5tract¢d funds Designated GeTrer*l 2,747,457 Tot81 2023 Note Income and Endowmtnts trofft-. Donatiorts and legacies 74,484 74.484 Total Income 74,484 74.484 Expenditure on.. Charitable a¢livities 81,315) 81,315) Total Bxpenditure 81,315) 181.31S) Net expenditure Net movemenl in fund5 {6,831 6,831) 16,831) 16,831) Reeon¢iliAtion of funds Total funds brousht foNard Total funds canied forward 7,605 2,719.397 2,712,566 2,727.002 7,605 2,720.171 All of the charity's activities derive from conliiiuing operations durin8 the abov¢ two p¢riod5. The funds breakdowji for 2023 and 2022 are shown ID nol¢ 6. The notes on pa8¢5 12 to 17 fomi an iiiiegral part of iliese finatL¢ial slalement5. Page 10
Maidstone Gospel Hall Trust (Registration number: 1161973) Balance Sh¢¢t AS at S April 2024 2024 2023 IYot¢ Fixed assets 'rangible assets 1,777,925 1,779.995 Current assets Debtors Cash at bank and in hand 750,776 226,557 752,682 196,495 977,333 949,177 Creditors: Amounts f8lliTrg due within oDe year 1,801} 13,001 Net current assets 975,532 946.176 Total assets less current Ilabilit1¢5 2,753.457 (6,000) 2,726,171 Creditors.. Amount5 (alllDg due after more than ont year 6,000) Net a5setJ 2.747.457 2,720,171 Fullds of the charlty: UDrestrieted Ineome funds U]westricted funds 2.747,457 2,720 171 Totsl funds 2,747,457 2,720.171 The financial statement5 on pages 10 to 17 were approved by the trustee5, aiid authorised for issue on and signed on iheir behalf by.. Mr Martlll Fle Chairman and trustee The not¢s on pages 12 10 17 fonn ali it}tez] parl of these r)nantial statements. Page 11
Maidstone Gospel Ilall Trust Notes to the FinantlAI Stalements for the Year Ended 5 April 2024 l Accounting policies statement of complignee 'll)e financi81 siatemcnts have been prepared in accordaiicc with the Slatemellt of Recommended Practi¢e'. Accounting and Reporting by Chariti¢s pi'eparing their a¢counts iji accordan¢e with the Financial Reporting Stadard applicable ID the UK and R¢publi¢ of lirland {FRS 102} isgued on 16 July 2014. and incorporaiing updaie bulletins l and 2, and tlie Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102} and UK Generally Accepted AccouniiDg Pra¢ti¢e. The fllnciional curren¢y of the charity is sierling (£). Ba$1$ of preparation Maidslune Gospel Flall Trust meets the definition of a public benefjt entity under FRS 102. Asseis and liabiliti¢s are initially recognised at historical cost or Iransliciion value unless otherwise Stated the rel¢vant ac¢owiting policy ot¢5. Incomin% Re$ourte5 Donations are recognised iii the year in which there is elltitlem¢nt and probability of receipt and tl)e am()unt can be measured with reasonable certainty. Income is only deferred when the tharity has to fulfil ¢onditions before becoming entitled to it or where the donor has SprIed that the income ss to be expended in a fuiure y¢ar. Gift )id is added to the value of the dlination to which it relates. Donated service5 are recols¢d as income and expenditure in the financial statenient5 when organisations or individuals offer their services and sypport pro b¢)no. The value of these donated servi¢es to Maidstone Gospel Hall Trusi is cotjsidered lo be equal to market value which would be paid weve ihe service formaSly procured. This ncludes services paid for by other trusts. Inv¢stment in¢¢)mc is a¢counted for on a receivable basis. Re50ur£es ExpeNded Expenditure is included on an accruals basis. Liabilities are recognised as 500n as there 15 a legal or coNstsu¢tive obligation committing the charity to pay out resources. Charitable activities Comprise those costs dire¢tly attributable 10 th¢ fiilfi]ment of the ¢haTltable objects. Governance Smpport costs Support costs have been allocated betw¢en governaiice costs and other support Costs. Governaiice cosis conipTjS¢ all ¢05t5 lrtvolving th¢ public accountability of the charity alid costs related to statytory requiren)enls. Govemaiice and support cosis are allo¢ated to ¢harilable activitie5 on the basi5 of Capacity used. Page 12
Maidstone C05pcI Hall Trust Notes to the Financial Stat¢menls for the Year Ended 5 April 2024 (continued) Taxation The Trust l5 a registei'ed charity and is not liable ro United Kingdom income or corporatioii tax on ¢hariiable activities, provided income falls within the charitable ex¢mpiions and i5 speni on chai'ilable purposes. Tangible fixed #sKt$ 9nd depreciatio Tangibl¢ fixed assets (c051ng m(>r¢ than £250) are stated at C05t less depreciation. Fre¢hold lai)d is not depreciated. Depreciation 15 piovided at rates cal¢ulalcd to writt tsff the cost, less estimated residual value, of each asset over ils expected useful life. Depreciatlon and amortisation Depreciation 1% provided on iangible flxed assets so as to write off the c05t or valuation, less any estimated Tesidual value. over their expected useful e¢on0[n¢ life as follows.. Asstt Class Funjiture and equipments Lond and buildings Depreciation method and rate 20ts/D oil reducing balaiice method 20/D Straight line Fulld 5trueture The general unrestricted fund is fr¢e for the Trustees Io use for any purpD5¢S in furtherane¢ of the trust's charitable objects. Resiricied fijnds irise from donatior15 to the tn]s¢ which are made for a specifi¢ purpose. R¢stri¢ted fidS Can only be used for the purp05¢ for which fund5 were given. Golllg ¢onc¢r Tlie Trustees Consider Ihat there are no tnaterial uncertainties about the charity's ability to continue as a going eonceTn. Si%nlfi¢gDI estimates and judgemtnts The Irusie¢s do llot consider Ihat theiy lire any sources of Estimation uncertainty at the repoTting date that have a significatht risk of causing a material adju51tnent to the carryitsg amounts of &t$ and liabilities within the n¢xi reporting period. Trustee5 rtmun¢rgtion exp¢nse5 No Trustees r¢ceived at]y muneratIon or other benefits frotn an employment with the charity and no Trustees were r¢imbursed for expenses (2023.. None). Wages Ind salaries There are no employees {2023'. None). Page 13
Maidstont Gospel Hall Trust Notes to the Financial Statements for the Y¢ar Ended 5 April 2024 (continued) 2 DoDgtions Unrestricted funds GenerAI Total funds Donations and legacie5'. Donations Gift aid reclaimed 70,669 3,255 70,669 Total for 2024 73,924 73.924 Total for 2023 Gift Aiilable donations were £14,029 (2023 -. £12,520). 74,484 74,484 3 Re50urce$ expended Nei outgoing resources for the year include.. 2024 2023 Depreciaiion of Furniture and Equipment Gas/Electricity Iwater Insurance Repairg & Maiiitenan¢e Expense -relephone & Fax Office Expenses Poverty Donations lrtvi¢ta Gospel HalVDonated Services Cleaning Water Accountancy Fees Legal & Professional fees Sulldry Community Welfare Depreciaiion of Land and Buildings 966 12,400 2,739 6,553 1,175 5,470 3,413 9,460 1,620 966 13,811 3,239 21.811 4,248 2,281 500 16,262 4,672 35 1,920 2,190 1,675 6,600 1.105 81,315 2,51J 360 352 1.105 48,126 Donated Service$ BÉlls paid on behalf of Invicta Gosp¢l Hall frust £9,460 (2023.. £16,261.56) Page 14
Maidstone Gospel Hall Trust Notes to the Financial Statem¢nt5 for the Year Ended 5 April 2024 {¢ontinued) 4 TaDglble flxed se¢S Land buildings FurDlture And equipment Tot21 Cost At 6 April 2023 1,775,775 10,826 1,786,601 Al 5 April 2024 1,775.775 10,826 1.786.601 Depveeiatio Ai 6 April 2023 Revaluations Charge for the year At 5 April 2024 1,105 1,105 5,501 6,606 1.105 965 965 2.210 6.466 8,676 Net book volue At 5 April 2024 1.773,565 4,360 1,777,925 At 5 April 2023 1,774,670 5,325 1.779.995 Property Detail5: Latjd gistry tit1¢5 of the above PTop¢rty held is K142779. 5 Debtor$ 2024 2023 Prepayments Other debtors 2.600 748,176 1.439 751,243 750 776 752,682 oiher Debtors include £744,669, interest free loat) given to Invicta Gospel Hall Tru5l. Page 15
Maidstone Gospel Hall Trust Notes ¢0 the Financial Statements for the Year Ended 5 April 2024 (eontinued) 6 Funds Balance at 6 April 2023 1coming resource5 Resource5 expended Balance at 5 April 2024 Unrestricted funds uwre51rlcledgeiier8ifiiiids General fi]nds 2,720.172 75,411 {48,126 2.747,457 Unrestrleted funds Ba19nce at 6 April 2022 Incoming r¢sourees R¢8ources expended Balance at 5 April 2023 Unrestricted funds General 2,719.397 74,484 2,712,566 Designated 7.605 7,605 Total fund5 2.727.002 2,720,171 7 Related party tr4ns8CtI0115 Donations r¢ceived from r¢lat¢d parties during ihe year were £6,029. 8 Volunteers Maidsion¢ Gospel Hall Tiusi relies entirely on volunteers to cany oul the managemellt, adtninislration and 8eE)eral maiiitenance work. The trust has no paid staff or paid Truslees. Page 16
Maidstone Gospel Hall Trust Notes to tbe Financial Statements for the Year Ended 5 April 2024 (continued) 9 ANaly5is of nel as$¢ts between funds Unrestricted runds Ceneral fund5 TDtal funds Tangible fixed assets Currejit asscls Current liabiliti¢s Creditors over l year 1,777,925 994,402 13,0001 (6,000) 1,777,925 994,402 (3.000} (6.000) Total iiet assets 2,763,327 2,763,327 Total funds #t 5 April 2023 Unrestrieted funds Gen¢r81 Design8l¢d Tangible red assets Current assets Current liabilities Creditors over l year 1,779,995 941.572 (3,0011 (6,000 1,779.995 949,177 (3,UOII 16.000 7,605 Total net Dssets 2.712,566 7.605 2.720,171 Page 17