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← Dereham Gospel Hall Trust

2024-04-05-accounts

Charity registration number 1166843

DEREHAM GOSPEL HALL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

DEREHAM GOSPEL HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr Heber Cook (Appointed 20 March 2024) Mr Clive Barnes (Chair) (Appointed 20 March 2024) Mr David Davis (Appointed 20 March 2024) Charity number 1166843 Principal address Penhill Bush Lane Etling Green Dereham NR20 3EY Independent examiner Sotos Christophi FCCA Aston Shaw Limited Chartered Certified Accountants The Union Building, 51-59 Rose Lane Norwich Norfolk England NR1 1BY Solicitors Leathes Prior 74 The Close Norwich Norfolk NR1 4DR

DEREHAM GOSPEL HALL TRUST

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8 - 11

DEREHAM GOSPEL HALL TRUST

TRUSTEES REPORT FOR THE YEAR ENDED 5 APRIL 2024

The trustees present their annual report and financial statements for the year ended 5 April 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)" (effective 1 January 2019).

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.

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.

The Trust’s main achievements this year have been to improve hall facilities including a longer term project for better safer vehicle access of the highway, this requires transport and access statements obtain from highways and is an ongoing project. We have also connected with local residents and are working on community benefits schemes.

We have maintained the entrance to the public common land in grass cutting and ditch maintenance and highway repairs to the unadopted road.

We have also made the ‘trust house’ available for 2 households for short term rent whilst they are constrained housing circumstances.

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.

Financial review

A Gospel hall at Penhill, Bush Lane, Etling Green, Dereham, Norfolk, NR20 3EY has been transferred from Swaffham Gospel Hall, a Charity which it maintains particular links with and shares members of its congregation. The transfer was completed on the 19th March 2024 at no cost to Dereham Gospel Hall Trust

Plans for future periods

Ongoing provision for the advancement of the Christian religion for the public benefit through the community and building herewith. This would include the provision of the house for ‘need’ in the community.

Structure, governance and management

Governing document

The Charity is an unincorporated trust constituted by a Deed of Trust dated 18th November 1982, most recently amended by Deed of Variation dated 20th March 2024. The Trust was registered with the Charity Commission for England and Wales on 18th November 1982 under Charity Registration Number: 1166483

DEREHAM GOSPEL HALL TRUST

TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

The trustees who served during the year and up to the date of signature of the financial statements were: Mr Heber Cook (Appointed 20 March 2024) Mr Clive Barnes (Chair) (Appointed 20 March 2024) Mr David Davis (Appointed 20 March 2024)

Recruitment and appointment of trustees

The names of the Trustees who 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 5 April.

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.

Meetings

Meetings held at the Gospel halls would normally 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 20 and 60 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. Gospel tracts, which are distributed by street preachers, also display this information.

Bibles and an extensive range of other Christian reading material are on display at the hall[s] 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 addition to street preaching, members of the congregation there is an extended program of outreach work conducted including maintaining links with prison chaplains to provide Christian literature, work with Rapid Relief, provision of food packs etc.

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:

DEREHAM GOSPEL HALL TRUST

TRUSTEES REPORT (CONTINUED)

FOR THE YEAR ENDED 5 APRIL 2024

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.

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 Swaffham 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 or procedures to manage and mitigate those risks.

Financial position

In the year ended 5 April 2024, the Trust received £500,233 incoming resources. Total voluntary income received this year was £500,233 relating to a transfer of a gospel hall trust from Swaffham Gospel Hall Trust. Total incoming resources in the previous year ended 5 April 2023 was £0. All funds received during the year ended 5 April 2024 were unrestricted.

Reserves policy

The Trust works closely with Swaffham Gospel Hall Trust a charity which it shares particular links with and shares members of its congregation. Swaffham Gospel Hall Trust pays all expenditure for Dereham Gospel Hall Trust. The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs, based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and 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 to the congregation.

The trustees have adopted a policy of putting aside funds for future Gospel Halls.

Free reserves at the year end were £500,233.

All transactions have been reviewed and approved by two trustees.

The Trustees report was approved by the Board of Trustees.

.............................. Mr Clive Barnes (Chair) Trustee

Date: .............................................

DEREHAM GOSPEL HALL TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DEREHAM GOSPEL HALL TRUST

I report to the trustees on my examination of the financial statements of Dereham Gospel Hall Trust (the charity) for the year ended 5 April 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) 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.

I understand that this has been done in order for 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 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Sotos Christophi FCCA

Aston Shaw Limited Chartered Certified Accountants The Union Building, 51-59 Rose Lane Norwich Norfolk NR1 1BY England

Dated: .........................

DEREHAM GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 5 APRIL 2024

Unrestricted
funds
2024
Notes £
Income from:
Donations and legacies 3 500,233
Total income 500,233
Net income and movement in funds 500,233
Reconciliation of funds:
Fund balances at 6 April 2023 -
Fund balances at 5 April 2024 500,233

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DEREHAM GOSPEL HALL TRUST

BALANCE SHEET

AS AT 5 APRIL 2024

2024
Notes
£
Fixed assets
Tangible assets
6
Net assets excluding pension liability
The funds of the charity
Unrestricted funds		 2023
£
£
500,233
500,233
500,233
500,233		 £
-
-
-
-

The financial statements were approved by the trustees on .........................

.............................. Mr Clive Barnes (Chair) Trustee

DEREHAM GOSPEL HALL TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024

2024
Notes
£
£
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
9
500,233
Investing activities
Purchase of tangible fixed assets
(500,233)
Net cash used in investing activities
(500,233)
Net cash used in financing activities
-
Net increase in cash and cash equivalents
-
Cash and cash equivalents at beginning of year
-
Cash and cash equivalents at end of year
-		 2023
£
-		 £
-
-
-
-
-
-

DEREHAM GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

Charity information

Dereham Gospel Hall Trust is a unincorporated charity controlled by a deed of trust.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

DEREHAM GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property 2% on cost Penhill, Bush Lane

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donated goods and services 500,233 -

4 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

DEREHAM GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

5 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

6 Tangible fixed assets

Tangible fixed assets
Property
Penhill, Bush
Lane
£
Cost
Additions 500,233
At 5 April 2024 500,233
Carrying amount
At 5 April 2024 500,233

Property, Penhill, Bush Lane, Etling Green

On the 19th March 2024, the freehold property at Penhill, Bush Lane, Etling Green, Dereham, Norfolk, NR20 3EY was transferred from Swaffham Gospel Hall Trust from Swaffham Gospel Hall Trust as agreed by the board of Trustees.

Land Registry Title Number:

Property, Penhill, Bush Lane, Etling Green - NK273274

7 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 6 April Incoming At 5 April
2023 resources 2024
£ £ £
General funds - 500,233 500,233
8 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
9 Cash generated from operations 2024 2023
£ £
Surplus for the year 500,233 -
Cash generated from/(absorbed by) operations 500,233 -

DEREHAM GOSPEL HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024

10 Analysis of changes in net (debt)/funds

The charity had no material debt during the year.