Trustees Report & Unaudited Financial Statements South Downs Gospel Hall Trust Forthe year ended 5 April 2024 Contents LeBalandAdminislrabktlnlormaI￿n Rep0rtoftheTrL￿tees Report ofthelndependentExamw Statementorrinan¢ialActb¥itie5 io Balance Sheet li Note5 lormine partof thefinanaal Statements 14 Resources Expended 15 AnalysisoltrletAssets-Curyent>tar 16 AnalysisofNetAssets-14iorYear 17 Movementln Funds-currentyear 18 Movementln FVnds-Pri￿y￿ar 19 tomparath*StaiÉmentof FinancialAcbvitieS Trustetsftewt&UnaL¥fjtodFkW￿sEXtn￿lI1 P4è?afJ4 Legal and Administrative Information South Downs Gospel Hall Trust Forthe year ended 5 April 2024 Charlty Namt.. South DownsGo5pel HallTru5t Mèglstered CharftyNumber. 1162400 Trurtees: BroderlckKnappetllChair) Darrell knderson Kevin Styall- Resi8ftedBthJanuary2024 PatrickTennent Shane White Trea5Urti: Biian Anderson PrincipleAddress 5ometwlle, 881idleCk)se. Grayshoit. GU266EA Indep¢nd•ntExamlrtor. LloydTunley Oldfield AdvisoryLLP 5antis HOUSÈ CurriersC105e Coveniry CV48AW AccountsTIt: Oldfleld Advisory LLP Santis House CurriersCIosÈ eo4Èntry CV48AIV Bankers.. Lloyd5 Bank 12 High street Haslemere Suriey GU27 2JG Report of the Trustees South Downs Gospel Hall Trust Forthe year ended 5 April 2024 7he Iwstees presentth¢irreportalonEYllththefi￿nC1aI stattmerttsolthecharitylorthe￿are￿ded SApril 2Q24. ThÈfinancl81 #atemenrshavcbeen propared 5naccordancÉwÈthtt)e )CCOUnbftE ptilicies setouton pa8e 11 and complywiih theTtust Deed and applicable1￿￿. Slrurture. Goveynanceand Management Governlng Document The(harityls artunintorporated trustconsiituted by3 Deed olTrvstdaied 9)une￿I. mosttecentlyamended by Deed ol Variation dated BAu8V5t2014.Thetrustwa5rewsieredwith theChèrityCommisgoD forEngland and Walesort 25June 2015undeTCharityReglstrabM Number.11624txi Rectwitment and app¢¢intmentof newTrustees TheTwsteeswhohaK*¥erveitduringtheyearandsincetheyeareThJaresetoutoD pJEe 3. IloneoftheTrustee% noranyperson connected with Ihem.received aDyiemvneratiortorÈxpenseslromthe Charlty¥Tr theyeaTended 5Apri12024. TheTFUSt ttperate5 opèGospel halland Trustee5arechosen Irom amongtherwiarwnEreeadonofthehall. NewTrustees are nominated bythÈexistingTwstees ortythecongre83tlon and mu51beappointed by unanimou5resolutionoftheconEregation. Thtyareselecled accordin6t0th￿rsknlI$affid£￿F￿e èndareexpecled to useboth in furth¢rinEthe Ob￿Cts of ihecharity. Checksare madeto ensure theTnJstees'di8ibilitytoacE3nd IncomingTrnstees ?￿rnade aware ofthelrresp0n￿bIlltiesbYthe exlstin8Trusiees.whoensurethat n￿TruSt￿esrQad thÉTmttoeed and retefintcharityctsrnmlssionguldance. Wlder Metwork TheTrustees maintain informal liTthswithsimil3rcharitieswith avie*topoolingexperien¢etonsid¢raS useful in pursuingthe obiÈrtsofthe Charity.TheCharllyalso maintains Part￿￿]arlInksMth ParfwayGowlHallTw5t,withwhith itsha￿MeMbe[S of ils congregal¢on. Risk Management TheTiusiees have1denur￿￿ themojorrisk%towhlth thÈthatityise%posed andConfi￿thattheY haveestabllshed temstomanage and rNtigate those risk% Objective5and Actlvities Objectives and Aims Thecharltable purposes oftheCharityaTetheadVa￿emeAt0ftheChristiènfeliEion fDrthe publicbenefit. includinebythe tanyng on oftheserviceofG¢)d in a¢u)rdlrt£È￿th thoOld3n¢J NewTestamentsofthe Holy &bleasfollowed tythose Chrlstians ftsrming part oftheworI(MYide(elloi￿1PknOWThdsth@PtyrnoUth 8rethren Christian Chur¢h Ithe~6r¢threnl and any oEhercharitablÈ wrposesconneded wth Brethren. ThÈt4tedoctrinÈofthe8rethTe*i and woperpraEficesinfurtherdn￿off cert¥tn a5pectsofdoctrSne èresummarised in tsYoxhedulestOlheTYust Deed. Publlc eenellt TheTrusteesconfirm th•ithryhavecomplledkn7th theirthjtyundersecilon 4 oftheCh¥ibesAct20111oh8veduere8ardtothe Charitycomm5ss(on'$8eneral8ulda￿e1othantièsoTrpub1ICbenefIL Detsilsofpubllc benefii aclfvitlescaffledoutlry Soth DownsGospelHailTNst can be foundlnthesepar4teappthdL%tD th15 r¢port. P4¥o4of19 ReporloltlieTNs1tt5 Main activities and achievements ThÈTrustprovidesand maintsins onefjospdhatl￿￿È￿eIY8HML￿Meetsn£SareheIJbythe1O[al BTethren community. Detsi150f theorigins. teachings and wayoflifeofthe8relhren(an be IouDdon theweb￿te-￿v.P￿M0￿thbrethréN￿ri%tia￿ChUrth.orS at)d in thesch¢duiestotheTntsiDeed. Plansforfuture perlods Dèspitethe incre35od cost of ener￿&thetrU5LeesleeIthatthe5e increased coslsaren0tsi￿sfiCant1YlMpèCknnEOntheab1I1tyof th¢iharitytocontinue3sagoffjgconceff Meetings Meetings held 3tthe Gospel h3115 iThcludetheLord's SupperlCommynionl.Gospelpreathings, Bible readingsand Bible ddresses. ThÈre isa 5trucWredv￿k1YsChed￿leo1rneellWaThd.dependlag¢jnthepartI FundTrngissornetimes recep￿d from othertharitabletWSlswithcomplemeTrtaryobjeciw Financial Review IntheyÈorÈrLd¢d 5Apri12024theTrusthadasurplu5011ncomingresourceso¥*rfesourcesoxpended. Tolatvoluntarytncomer￿Wthl$S*arW8$El86￿s6¢OmparÉ￿tr*£9￿s7l InthÈprevi¢usirar. All fundsheldwerEuffirestricted fund5. Reserves PolFCy The Trustees have¢0￿detedthtIevelo1r¢seNtsthty￿7shto retsin,appr0priatetothed￿rflvsTreeds.base1j0n Its Size apd the levelofitsf1ry3rKizl cornmitments.TheTrusthasnoempioJ￿aDd its regularotsQoingsaremlnimal. Funds arécurrenttybeingbuilt upwith lhe￿o￿Of newgoswl halL Thecongregation iskept reEulartyinfomied asto partI￿￿r needsfw lunds.and other rElevantmatters 3ndtheTru5tee5aim toensurethatthetharityi*ill beableto ¢orytinucto luifilit5 charitableobjecuvoseven ifthere ￿3 tempowshortfalllnir￿tsr￿eQ[￿rlexpQLted ewnditurè.byra1sin8afundsa￿1tOthe congregation. Free Re5er%E5attheyeaTend*we £293￿57(2023:£I9s.a19l PaE26clJg statementof Trustees Responsibilities Thetwstees are rÈsportsibiefo.'prep2ringthe Reportoftheyrustees )ndthÈfJn3nci31 statementsinaccoTdarKewithappllcable lawand United Kingdom Accounting StandardslUnite(5 ￿M¢doMGontra1IyA(CeP[ed Accounting Prncticel. Thelawapplicableto¢h3rftiesin Eth8t2nd andWal4thethèritieskl2ts1L. Charity(Att•unts8nd RepNtsI Rwiabon5and the PTOV15ionsoftheT*ust Deed ￿9VIre1heTruSteesi0 proparefinanaalstatementsloreathfinancialyeaiwhlchgive a trueand la1rv5￿ ol tliostateof affaSrsof (hechariiyandof the itLcomin8tesources andèppbcallon olrestyJrces,includingthe incowe andexpenditure.oftheChaiitylorthatperiod.InprepariTh£thosellnandalst31emEnt%theTDJstee5 a￿requIred to: select sutlableaccounlin8poJicie54nd then apptythemconsistently. observethemethodsand principles inthèCharitysoRPIFRS 1021. rnakeludEements ènd esiimatesthatarerea50n3bleand pm(lerttr state whethetapplitablea£countlng St3TrdaTdsh￿ebEeR follwEd.5ybjecl toaryMa￿7a1dep3rt￿resdIsd0Std and explained in the financial statèments proparethe financlalstatementson thegoingwiceffl bH5ksunle5siI is ￿ap￿OPrialetOP￿5umethat¢hethèi1ty￿AI1 continueinwration. Thetnjstees areresponslble forkeepinEpr0peraccountingTecordswl￿th￿IsdOSe￿1lh reasonabieaccuracyatanyUmÉthe finar￿13[ position of ihècharityand toenable thom toensurethai iheflnanaa1stat*n￿tsComP1yWth theChaT*liesArt 2011, theChèriiyIAccounts and Report51 Regulationsand theprO￿￿ens oftheTrustDeed. Theyatealsoresportsible iorsafegu3rdsng the assetsof iheCharitYa￿ hence f0rtakiDgrea￿0ab1e 5tepsforthepfeveiitlonanddete£iionol fraud ond otherirregulatities. Alltransactions have b￿￿ re￿&Ved￿nd approved bytwo tnjst On Beha1fofthtboard: Shanewhile ￿r￿teel Date P#Ke7011S Report of the Independent Examiner South Downs Gospel Hall Trust Forthe year ended 5 April 2024 I report io thetrutteeson myexaminatsoTholtheat¢OLmtsofthe Sjuth D￿$60sPe1 HaIITn￿tI0ltheYearoftded 5Aprf12024. Respectlve responslbllitles ofTrustees and Examiner ThecharltystrJsteQsarerespMsrblefwthewEP3ratM)noltheacc¢)vntsiThaccordancewththe￿uITerneAtsOfthechèrities Att20111'theAct'l- I reportin respertol myexamlnètron oftheTrnsVs8tcryJnf5n its behalfby. 5h2neWhite (frusteel Then0les￿ pagesll.19forffl wtoltheseriThwKi￿￿IIern PoEEIOoflS Notes forming part of the Financial Statements South Downs Gospel Hall Trust Forthe year ended 5 April 2024 I. ACCOUNTING POLICIES 1.18asis ￿fInancIal5t?ternents Yhefinancial statement5 have bEen prepared￿3£CoTdar￿e￿th theStsternentofRttomrnended PiactK¢'.Arcourhtincand Reportlngbychaiitiespreparinglheiracc￿Jrttsin accordancewiih iheFinarKial Reporbng StandardapplicabiÈ intheUKand Republicof Ifeland IFRS1021 issved on 16 July2Q14.and incorporaiin8upd3tebulleiinsl and2.and the Finanaal Reportln8 Stsndardapplitable in theufiited Kingdomand RÈpuNi¢oflretand IFRSJ02land LIKGeneraltyAttepredk£ountlnE Pracdce. Thefunctional£urrÉncyofthe¢harityis stertinglQ. TheT￿st meets thedefinition of a public benefiientltyunderFRS 102. Assetsand 1iabilityesareini￿3lly reco8nised3t historical tostortransartio#valueunléssothéMsestaied inthe rÈlÈv3ntaCcOLIAtyng￿I1rynOrets). 1.2 Income Oonatiansare recognised ¢n theyear4nwhich thereisentitlementand prob3bilityof receiptand theamuunlcanbemèasured wslh reasonablecertainw. Incomeisonlydeferredwhen ltr*charityh3sto lulfilconditiOn5 beloTebecomingentitled toltor whÈrothedor¥Jrhèsspeclfied thattheinceme istobeexpended in a ftstureyear.Giltaid isadded to thevabjeof thedonation to which it relaie& Donated servicesare recognlsed3sirmne3fbd eypenditsjrein thefinanc1a15ta￿M￿tsWhenorg0nIsat[0nSorlndI¥1duèi5Offer thÈirservices and support pra bono. Thevalue uf thÈsedonated sorvictsto South DownsGospel H311 Trust isconsidered lo be equal to marketvaluevth*thwould be paidweretheselwce lorrnaltyprocuTed.n￿5 indudessÈNitéspaid lorbyothertrusts. Inve5tmentin£omeis accountedforona re(eivablebas 1.3 Expenditure penditureis included onano£crualsbasi& Llabli itiÉsarerecognlsedas>)oftasthere Isa ieEalorconstrucUveobllgation ¢ommittlngthecharitytopayou¢ resour Charitab¢eattNStiésCompristthosécost5diretUyal￿ibutsbIetothÈ￿lfi1mentOftheCha¥It3bIe0bJec 1.4 Governanceand support costs Supportcostshavebe£n allocated beiween 80vomance¢05tsandoU￿r￿pp0rtCos1%G0vQrnantÉ(ostseornp￿eal1 tosts iThw)Ivin8the publicacctsur,tatMlityofthe tharityand costsrdètedto statutoryrequirements.GoveTnanceand supportcosts are ali4¢ated 10 charitable activitiesonthe bè*Sof£apaaiy￿s¢d. 1.5fan8iblè fix￿ assèts and dépreciatlon T2n£ible fixed assets Icostingmorethan £IOOI arestated atcostlessdepredallon.Freehold land Js notdepreciated. Depreciaiionis pmwded at rates(al￿13ted towrfteoff Ihernsiless estimated resKlualvalue.ofeach a5setoverltsexpected useful14feasfoliows: Freehold buildin85 i Notdeprecioted Fixture5and Firiings 10%5tsw8htkne Charitsbie equipment ComputerLxuipment . Xthreduongbalan patriid NOtQ51crM￿xpjrtoIl￿FWn￿S1#&Tr¢ftts 1.6Taxatio The Trustba registered ch?rityand Isnot￿abletOvnIttd KingdomincomeoTCOtpor•tlonta¥on chaTitèbleactivities Pro￿ded incotne fallswithin the charit2bleexernptwJnsand ssspenion thaYitabièpurposÈ> 1.7 Funds The8￿e[al￿r}re5trlcted(Und i5fMe l0rtheTn￿teestO useforanypurr•)sesit)furtheranceolthetwst'scharitsbleobject& Restrictedlufidsari5efromdonationsto ¢hetnJsi.*thicharemadefor3specificpurpose. Restrfcted fundscan onlybe used for the puwfor%Yhi£h lund5weTewven. l.È Preparation of consolldatéd finanoa15tatements TheCharityd¢)eswthave o tradingsubsidwry. 1.9 Going Concern Thefrusieesconsiderthat therèare r￿mat￿lEa[￿lKerta1￿lle5ab￿I￿￿C1w[JtyS3bt￿tyIoc￿ltn¥e asa goin8¢oncem. 1.10 SiKnificant estirnates andjudgements The trusteesdo notconsiderth3tthweareanysourcosof ostimalton uTKertaintyatthereportinBdatÈthath3ve a significant risk ofcausinga material a4justmenttotheAteN1￿￿5 5. Tangible Fixed ￿￿etS Freehold Property Fixlures and rittin I Charitable Equipment Comptsier Equiwnenl Totois AI6April2023 849￿7 | 16.701 7.431 4.4V2 86A869 Additions 16089 Disposals AtSApri12024 7.431 4,6YJ | 8&3.758 Deprecijtio At 6April 2023 4.670 4.7B8 ,722 10.180 Cutrentyear t>epreciabon 743 759 1.753 Eliminated onthsposals l_ Al5 April 2024 5.413 5.039 1.482 11.933 At5 April 2024 $66,638 2.018 3.169 871026 A15 April 2023 849.937 1761 251 3,740 856￿89 Land registrytitlesolthe abtbvepropertyheld aTeSH15837. 6. TRANSACTIONSWITH RELATED PARTIES ourin8thef1na￿i31Ye3T. aggregated donatiopsol£fy),240P023.. £16.94191weTe recefv 7.VOLUNTEEkS South DOWIIS Gospel HallTmst reltesentlrelyonvoluntea5tr*effjOLrtthÈmanagemenLadmini5traiion andBeTher21 Maintenancev￿r￿.TheT￿[$t hasnoptiid stètf orpaidTru5¢e I WSep¢x paie13Qt19 Resources Expended South Downs Gospel Hall Trust Forthe year ended 5 April 2024 B. Resources Expended OTHER TO7￿cO5Ts TOT￿£05T$ 2013 A(1t￿lEs Direct Costs Premi5e5W515-repairsand malnleTran Premisescos￿-he3t.llghiaadpo￿ Tolephone Healthand Saftty LeRal$ndpr¢fes$5onal 6ank