Trustees Report & Unaudited Financial Statements Park Hill Gospel Hall Trust Forthe year ended 5 April 2024
Contents Legal and Administrative Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities io Balance Sheet li Notes forming part ofthe Flnancial Statements 15 Resource5 Expended 16 Analysis of Net A5sets- Current year 17 Analysls of Net Asset5- Prioryear 18 Movement in Funds- Currentyear 19 Movement in Funds- Prioryear 20 Comparative Statement of Financial Activlties Trustees Report&Unaudited Financsal Ststements Park Hlll Gospel HallTrust 23 Jan 2025 Page 2 of 20
Legal and Administrative Information Park Hill Gospel Hall Trust For the year ended 5 April 2024 Charity Name: Park Hill Gospel Hall Trust Registered Charity Number: 1166845 Trustees: Richard Ball (Chairl Marcus Clarke Nick CaNell Treasurer: Marcus Clarke Prfnclple Address: Standerton, Camp Road, Sutton Coldfield, B75 5QZ Independent Examiner: Sandra Thurgood FCCA 3 Dells Lane Biggleswade Beds SG18 8LP Accountant: Oldfleld Advlsory LLP 1120 Elliot Court Herald Avenue Coventry CV56UB Trustees Report &Unaudlted Flnanclal statements PathHIII Gospel HallTiust 23 Jan 2025 Page 3 of2
Report of the Trustees Park Hill Gospel Hall Trust For the year ended 5 April 2024 The trustees present thelr report along with the financial statements ofthe Charity for the year ended 5 Aprll 2024. The financial statements have been prepared in accordance wlth the accounting policies set out on page 10 and comply with the Trust Deed and applicable law. Structure, Governance and Management Governing Document The Charlty Ss an unincorporated trust constltuted by a Deed of Trust dated 02 April 2003, most recently amended by Deed of Variation dated 29 August 2014. The trust was registered with the Charlty Commlssion for England and Wales on 29 April 2016 under Charlty Registration Number.. 1166845 Recruitment and appointment of new Trustees The Trustees who have Seed during the year and slnce the year end are set out on page 2. None of the Trustees, nor any person connected wlth them, received any remuneratlon or expenses from the Charity In the year ended 5 April 2024. The Trust operates two Gospel halls and Trustee5 are chosen from among the regular congregatlon of the halls. 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 skllls and experience and are expected to use both Sn 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 similarTrusts with a view to pooling experience considered useful in pursuing the objects of the Trust, The Trust atso maintains particular links Wlth Grosvenor Gospel Hall Trust with which it shares members of its congregation. Risk Management The Trustees have identified and reviewed the major risk5 to which the charity is exposed and confirm thatthey have established systems to manage and mitigate those risks. Objectlves and Activities Objectives and Alms The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the seNice of God In accordance with the Old and New Testaments of the Holy Bible as followed bythose Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church Ithe'Brethren°l 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 Trustee5 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 guldance to charities on public benefit. Trustees Report & Unaudited Flnantlal Stètements Park HIIIGospe5 HallTrust 23Jan 2025 Pa8e4of20
Report oliheTrustees Maln activities and achievements The Trust provides and maintains two 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 web5ite- www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed. Plans forfuture periods Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern Meetings Meetings held at the Gospel halls include the Lord's Supper Icommunionl, Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 40 and 120 people normally attend these occasions. The meetings are attended bythe 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 atthe halls and visitors are free to help themselves. Trustees Report & Unatydited Flnan£lalStatements ParkHSllfjospel HallTiust 23 Jan 2025 Page 5 of 20
ReportoftheTrustees Spreading the Gospel message and the life of a Christian The Gospel ha115 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 would usually participate in a programme of street preaching where Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public. Due to the Covid-19 pandemic this ha5 not been possible during the financial year, but the congregation aim to continue this once it 15 safe to do so. 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: We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community lincluding former Brethren), in accordance with the teachings of Holy Scripture11 Tim 2.21, 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 orderto present etemal salvation, available to all men by faith in Jesus Christ. 12 Tim 4.21. We seek as members of the public to lead Christian live5 as husbands and wives, parents, children, employers, employees and neighbours. (Col 3.22-25, Col 4.11. The preservation and protertion of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127.3-51. The elderly are valued members of the community, for whom both theirfamily and the wider community are expected to care. Holy Scripture commands us to be good neighbours to others, and deal with all other people (including former Brethren) openly, honestly and falrly and consistent with these principles, we should give ourtime, talents and money to assist those in need in the widercommunity, in so far a5 reasonable given our abillties and our available resources. (Matt 7..12, Matt 22.39, Eph 4.281. Funding Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometime5 received from other charitable trusts with complementary objectives. Financial Review In the year ended 5 April 2024 the Trust had a surplus of incoming resources over resources expended. This is due to the trust receiving a room, donated to it from an affiliated trust. Total voluntary income received this year was £307,741 compared to £10,822 in the previous year. All funds held were unrestricted funds. Reserves Policy The Trustee5 have considered the level of reseNes they wish to retain, appropriate to the charlty's needs, based on its 55ze and the level of its financial commitments, The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no signiflcant reserves. The congregatlon 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 contlnue to fulfll its charitable objectives even if there is a temporary shortfall In Income or unexpected expenditure, by raising a funds appeal to the congregatlon. Free Reserves atthe year end were £Nil12023.' £NIII Trustees Report&Unavdlted Finontlal Statements Park Hlll Gospel HallTnJst 23 Jan 2025 Page 6 of 20
ReportoflheTrustees statement of Trustees Responslbilities The trustee5 are responsible for preparing the Report of the Trustees and the financial statements in accordance with applScable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to charitie5 in England and Wales, the Charities Act 2011, Charity (Accounts and Reports} Regulation5 and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fairview of the state of affairs of the Charity and of the incoming resources and application of resource5, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them con51Stently,' obselve the methods and principles in the Charity SORP IFRS 1021. makejudgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial 5tatements,' prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose wlth 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 (Account5 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 preventlon and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustee5. On Behalf ofthe b Mr M Clarke (Trusteel ITrusteel .1. IY'LS Date Trustees Report& Unèudlted Flnanclal Ststements Park Hlll Gospel HallTrust 23 Jan 2025 Page70120
Report of the Independent Examiner Park Hill Gospel Hall Trust For the year ended 5 April 2024 I reportto the trustee5 on my examlnE4tlon of the account5 of the Park Hill Gospel Hall Trust lorthe yearen¢Jed S April 2024. Respective responsibilities of Tru5tee5 ond Éxaminer The charfiy's trustees ale responsiblÈ forthe preparation of the Accounis In (Itcordaneewlth the requlre.ments of the Charities Att 2011 I'the Act'l. I report In respert ol my examinatlon ol the Trust's accoynts Carr} out under sectlon 145 of the 2011 Act and In carryingout my èxaminatlon I havefollowed all the appllcable Dlrections glvet) by Ehe Charlty Commlsslon under sectlon 145151{bl oftheAcL Basls of Independent Examiner's Report My examlnation was carried tsut IN accoTdance wltl) the General Directions given bythe Charlty Commission, An examlnatlon Includ¢$ IJ review of the accountlng records kept by the charity and a comparlson of the accounts presented wlththose records. 11 a150 includ@s ¢or+sld@ratlon of any unusual Items or disclosures In the accouiits, and seeklng of explanations from you as Trustees concernirbg bny sucl) matters. Tlie procediires vndertaken do not PfDvlde all the evldence thatwould be requlred in an audit, and Gon¥¢quently no tsplnlon Is givÈn as to whethei the accounts present a'ti'ue and faly view, aild the reporl is limited t(J those matters set L)Ut in the statements below. Ihdependent Examlner's Statement I have ¢otWTpleted myèxhmit)ailort. l ¢Onfirm that no material rnatters have <oMeto my attèntlon In connectlon wlth the examliiation giving n)e cause to believe tliat iii any matèrlal respect.. Accounting records wwe not kept in respect ofthe Trust as required by5ection 130 of tlieAct' Of The accotsnts do iiot accord wlth Ihose records, or The accounts du not complywith the applicable iequlrements concerning the f¢)rm and content of accounts set out in thè Charities IAccDunt5 and Reportsl RttÈul2tlons 2008 otherthan any requirement that the accotsnts gi¥e a'true Jnd fairview. i¥hich is not a Matter coiigldered as paft of an Independent examination. I have no concerns and have eomÈ acr055 noother mattors in connection wlth the examination to which attentlon should be drawi) Inthls repDrt I ordEfto enable a pyoper undeistandlngofthe accounts to b@ re3ched. Sandra Thurgood FCCA Y Dells Lane Bsgleswade Beds SGI& 8LP 2J January 2025 -tyJtth*$Riport& Urtrauditod fin4n¢ldlSldlemEnrs P1160$PÈ13II Trust 2JJan1025 P&8120
Statement of Financial Activities Park Hill Gospel Hall Trust For the year ended 5 April 2024 UNRESTRICTED FUND5 RESTRICTED FUNDS TOTAL FUND5 2024 TOTAL FUNDS 2023 Income and endowments: Donatlons and Le acies: Grants Recelved Intste 61 Donated SeNices (note 51 Total Income and endowments: 300,000 7,471 307.471 300,000 7,471 10,822 307,471 10,822 Ex enditure: Running Meeting Rooms Inote 101 Total Expenditure: 18,518 18,518 18,518 7,835 7,835 18,518 Net Incomel(Expenditurel 288,953 288,953 2,987 Net Movement In Funds 288,953 288,953 2,987 UPIRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2024 TOTAL FUNDS 2023 Reconciliation of funds (note 111 Total Funds bought forward Net movement in funds 77,379 77,379 74,392 288,953 288,953 366.332 2,987 77,379 Total Funds carrled forward 366,332 The notes on page 11- 20 form part of these financlal statements. Trustees Report& Unaudlted Flnancialstatements Park Hlll Gospel HallTrust 23 Jèn 2025 Page9 of20
Balance Sheet Park Hill Gospel Hall Trust As at 5 April 2024 2014 2023 Fixed Assets Tangible a55ets (note 61 Total Flxed Assets 367,115 77,829 367,115 77,829 Creditors: amounts fallin Accruals and deferred income due within one ear 784 450 Total Credltors: amounts falling due within one year 784 450 Net current assetsllliabilitiesl 17841 14501 Total assets less current Ilabilities 366,332 77,379 Net Assets 366,332 77,379 Funds note 101 Unrestrlcted funds 366.332 77,379 77,379 Total Funds 366,332 The unaudited financial statements were approved and authorised forlssue by the Trustees of Park Hill Gospel Hall Trust on d were signed on its behalf by.. Mr M Clarke (Trusteel ITrusteel The note5 on pages 11- 20 form part ofthese flnanclal Statements, Trustees Report& Llnaudited Flnanci315tatements Park Fllll Gospel HallTrust 23J3n 2025 Page 10 of20
Notes forming part of the Financial Statements Park Hill Gospel Hall Trust For the year ended 5 April 2024 I. ACCOUNTING POLICIES 1.1 Basis of financial statements The financial statements have been prepared in accordance wlth the Statement of Recommended Practice: Accounting and Reporting by Charities preparSngtheir accounts In accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014, and incorporating update bulletins l and 2, and the Financial Reportlng Standard applicable in the Unlted Klngdom and Republic of Ireland (FRS 1021 and UK Generally Accepted Accountlng Practice. The functional currency of the charSty Ss sterling (£1. The Trust meet5 the defSnition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactlon value unless otherwise stated in the relevant accounting policy notelsl. 1.2 Income Donations are recognised in the year in which there is entStlement and probability of recelpt and the amount can be measured wSth 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 ofthe donation to which It relates. Donated service5 are recognised as income and expenditure in the financial statements when organisations or indivldua15 offer thelr seNlces and support pro bono. The value of these donated seNices to Park Hill Gospel Hall Trust is considered to be equal to market value which would be paid were the SeiCe formally procured. This includes SeiCe5 pald for by other trusts. Investment income is accounted for on a receivable basis. 1.3 Expenditure ExpendSture is included on an accruals basis. Liabilltles are recognised as soon as there is a legal or constructive obligation committing the charltyto pay out resources. Charitable activities comprise those costs directly attributable to the fulfilrnent 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 involvingthe public accountability of the charity and costs related to statutory requirements, Governance and support costs are allocated to charitable activitles on the basis of capacity used. 1.5 Tanglblefixed assets and depreciation Tanglble fixed assets Icosting more than £IOOI 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: Freehold bulldlngs 2% straight line Property improvements 2% straight line Fixtures and Fittings IO% reducing balance Trvstees Report & Unoudlted Flnartclal Ststernents Park Hlll Gospel Hall Trust 23Jan 2025 Page 11 of20
NotesformlnE part ofthe Financlal Statements 1.6 Taxatlon The Trust is a registered charity and15 not liable to United Kingdom income or corporation tax on charitable activitie5, provided income falls within the charitable exemptions and is spent on charitable purposes. 1.7 Funds The general unrestricted fund is free forthe 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. 1.8 Preparation of consolidated financial statements The Charity does not have a trading subsidiary. 1,9 Going Concern The Trustees considerthat there are no material uncertainties about the chaflty's ability to continue as a going concern. 1.10 Significant estimates and judgements The trustees do not considerthat there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustmentto the carrying amounts of assets and liabilities within the next reporting period. The trustees do not considerthat the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern. 2. PRIOR PERIOD ADJUSTMENTS In the prior period and period5 proceeding it, a gospel hall which was donated to the trust on 1411212021 was erroneou51y excluded from the financial statements, as the trustees were unaware that the transfer of the room had been completed. The room has now been included in the accounts at market value. Itwas impractical for the trustto obtain a formal valuation so the trustees have opted to Use an informal valuation, which in the opinion of the trustees, reflects realistic values. The resultSng effect of the above error5 was that the comparatives on the prior period accounts Incorrectly excluded the donation of the halls, meaningthat the prioryear income of the trust was understated, and the depreciation expense was understated. The prioryear figures have not been adjusted and the necessary adjustments have been made in the current period. Llne Item Value excluded from prior period accounts, adjusted for In current period £300,000 additional income Income- grants received Depreclation Expense £5,235 additional depreciation £294,765 increase made up of £300,000 cost less £5,235 increased depreciatlon Fixed Assets 3. TRUSTEES, REMUNERATION AND EXPENSES No Trustees received any remuneratlon or other benefits from an employmentwlth the charlty and no Trustee5 were reimbursed for expenses12023: none) 4. WAGESAND SALARIES There are no employees {2023: none) 5. Donated Seniices TNstees Report&Unaudlted Flnanclal Statements Park Hlll Gospel HallTrust 23 Jan 2025 Page 12 of 20
Noles formlngpart ofthe Flnantlalstatements 2024 2023 Donated Services Recelved From: Donated services from GrosvenorGHT Total Received: 7.471 7,471 10,822 10,822 6. Grants 2024 2023 Grants: Grants Re¢elved from: Granlsfrom Walmley Hlll GHT Total Grants Recelved: 300,000 300,000 7. Tangible Fixed Assets Freehold Property- Manor Freehold Property- Highbridge Road Fixtures & Fittings Totals At 6 April 2023 £80,186 £4,097 £84,283 Additions OpeningAdlustments £300,000 £300,000 Disposals At 5 April 2024 £80,186 £300,000 £4,097 £384,283 At 6 April 2023 £6,413 £40 £6,454 Current Year Depreciation £1,069 £4,000 £410 £5,479 Depreciation Adjustments relating to prior year £5,235 £5,235 Eliminated on dlsposals At 5 April 2024 £7.483 E9,235 £450 £17,168 At 5 April 2024 £72,703 £290,765 £3,647 £367,115 At 5 April 2023 £73,773 £4.056 £77,829 Land registry titles of the above property held are WM448027 & WK162767. 8. TRANSACTIONS WITH RELATED PARTIES Trustees Report& Unaudlted Fin3nclalStatements ParkHIIIGospelHallTnfst 23 JHrs2025 Pa£* 13 of20
Notes formingpartolthe Fln3rtcS3l Stètements During the financial year, aggregated donations of £Nil12023: £Nill were received. 9. VOLUNTEERS Park Hill Gospel Hall Trust relie5 entirely on volunteers to carry out the management, administration and general maintenance work. The Trust ha5 no paid staff or paid Trustees. Trustees Report& Unaudited Flnan¢lèlStaternents Park Hill Gospel Hall Trust 23 Jan 2025 Page140120
Resources Expended Park Hill Gospel Hall Trust For the year ended 5 April 2024 10. Resources Expended OYHER CHARITABLE ACTIVITIES OTHER CHARITABLE ACTIVITIES TOTALCOSTS 2023 MEETING ROOMS TOTALCOST5 2014 MEETING ROOMS Direct Costs Premises costs- repaSrs and maintenance Premises ctssts- heat, light and power Depreciation Insurance 2.848 2.848 5,583 5,583 2.547 181 2.547 10.714 10.714 I,iio I,iio 438 970 970 438 Internet 321 321 GoveTnance 1,117 1,117 713 713 Ttstal Dlrect Costs 18,518 18,518 7,835 7,835 Governance costs include £250 Iprioryear: £180} in respect of independent examiners fees. Trustees Report& Unaudlted Flnartclal Statements Pèrk Hill Gospel HallTrust 23 Jan 2025 Page 15of20
Analysis of Net Assets- Current year Park Hill Gospel Hall Trust For the year ended 5 April 2024 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS 11.1 Current Year UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUND5 2024 Funds Tangible Fixed Assets Current Liabilities 367,115 17841 367,115 17841 Total Funds 366,332 366,332 TNstees Report&UnaudSted Financial Statrments Path Hill GospÈl HallTrust 23Jan 2025 Page 16 of20
Analysis of Net Assets- Prioryear Park Hill Gospel Hall Trust Forthe yearended 5 April 2024 11.2 Prior Year VNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 Funds Tangible Fixed Assets Cuffent Liabilities 77,829 14501 77,379 77.829 14501 77,379 Total Funds TTUSteÈs Report&Unaudlted Flnancial Statements Patl(Hill Gospel Hèll Trust 23Jan 2025 Page 17 of 20
Movement in Funds- Current Year Park Hill Gospel Hall Trust For the year ended 5 April 2024 12. Movement in Funds 12.1 Movement Sn funds- current year UNRESTRICTED FUNDS RESTRICTED FUMDS TOTAL FUNDS 2024 Movement in Funds Total funds bought forward Incoming resources Resources expended Total funds carried forward 77.379 77379 307,471 118,5181 366,332 307,471 118,5181 366,332 Trustees Report &Un3udlted Flnantlal Statements Park Hlll Gospel Hall Trust 23 Jan 2025 Page 18of20
Movement in Funds- Prioryear Park Hill Gospel Hall Trust For the year ended 5 April 2024 12. Movement in Funds 12.2 Movement in funds- PrSor year UNRESTRICTED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 Movement in Funds Total funds boughtforward Incoming re50ur¢es Resources expended Totalfunds carried forward 74,392 10,822 74,392 10,822 17.8351 77,379 17,8351 77,379 TrusteesReport&Unaudlted Flnènclal Statements Park Hlll Gospel HallTru5t 23 Jan 2025 Page 19 of 20
Comparative Statement of Financial Activities Park Hill Gospel Hall Trust For the year ended 5 April 2024 UNRESTRICTED FUNDS RESTRICTED FUTrIDS TOTAL FUNDS 2023 Income and endowments: Donations and Le acles,. Donated Services Inote 41 Total Income and endowments.. 10,822 10,822 10,822 10,822 Ex enditure: Running Meeting Rooms Inote 91 Total Expendlture: 7,835 7,835 7,835 7,835 Net In¢omel(Expenditure) 2,987 2,987 Net Movement In Funds 2,987 2,987 UNRESTRICTED FiJNDS RESTRICTED FUNQIS TOTALFUNDS 2023 Reconciliation of funds Total Funds boughtforward Net movement in funds note 11) 74.392 2,987 77,379 74,392 2,987 Total Funds carrled forward 77,379 TTUStees Report&UnaudltÈd Flnanci41 Statements PathHIII Gospel W411 Trust 23Jan 2025 Page 20 of20