2022-04-05-accounts - Quarry Gospel Hall Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference and administrative	information
Report ofthe Trustees		3-5
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements		9-11
Comparative statement offinancial activties		12

CHARITY NAME:	CHARITY NAME:	Quarry Gospel	Hall Trust
REGISTERED	CHARITY NUMBER:	1170199
TRUSTEES:		Mr SJ Bell	(Chair)
		Mr G Ellis
		Mr M Bristow
		Mr R Parson
		Mr A Welch
TREASURER:		Mr SJ Bell
PRINCIPAL ADDRESS:		Brethren Gospel	Hall
		Tiverton Road
		Cullompton
		EX151LP
INDEPENDENT	EXAMINER:	Leon Taylor
		Oldfield Advisory	LLP
		Santis House
		Curriers Close
		Coventry
		CV4 8AW
ACCOUNTANT:		Oldfield Advisory	LLP
		Bantus House
		Curriers Close
		Coventry
		CV4 8AW

	FO	R THE Y	EAR ENDED 05	APRIL 2022
			Unrestricted	Designated	Restricted	Total funds	Total funds
			Funds	Funds	Funds	2022	2021
		Notes	6		6	6
Income and endowments	from:
Donations snd legaclesr
Collections			28,005			28,005	22,000
Contributions from the congregation				2,995		2,995	14,180
Gift Aid donations			3,840			3,840	8,210
Donations			1,033			1,033	4,850
Income tax refunds			960			960	2,053
Legacies			116,540			116,540
Investments:
Bank interest			41			41	34
Total			150,419	2,995		153,414	51,327
Expenditure on:
Charitable activities
Running meeting rooms			44,240	4,800		49,040	57,982
Cost ofdonated services			21,728			21,728	8,876
Total			65,968	4,800		70,768	66,858
Net income/(expenditure)			84,451	(1,805)		82,646	(15,531)
Gains/(losses) on sale offixed assets							50,000
Net movement in funds			84,451	(1,805)		82,646	34,469
Reconciliation offunds
Total funds bought forward		8	1,698,818	1,805		1,700,623	1,666,154
Total funds canted forward			1 783269			1 783269	1 700 623

					2022		2021
Fixed Assets
Tangibie assets						1,269,614		1,293,558
Current Assets
Debtors							5,495
Prepayments and	accrued			income	3,774		3,078
Cash at bank and	in hand				517,321		401,254
					621,095		409,828
Current liabilities
Creditors: amounts		falkng		due within
one year.
Loans
Accruals and deferred			income		864		2,763
Other creditors
					7,440		2,763
Net current assets						613,656		407,065
Total assets less	current			liabilities		1,783,269		1,700,623
Creditors: amounts		falkng		due after
more than one yean
Net assets						1,783,269		1,700,623
Funds
Restricted funds
Unrestricted income		fund				1,763,269		1,700,623
Total unrestricted		funds				1,783,269		1,700,623

	UA OSPEL	HALL TR T
	NOTES F A T	FINANCIAL STATEMENTS
	F YE	D05APRI 20	2
1.	ACCOUNTING POUCIES
I I	Basis offinancial statements
	The finenrtal statements have been prepared in acconfance vnth the Statement ofRecommended				Precbce:			Accounting			and			Rsporbng		by
	Charities preparing their accounts in accordance with the Finarxxal Reporbng Standard applicable				in the	LIK and Republic						of		ireland (FRS 102)
	issued on 16July 2014, and incorporafing update bufiefins I end 2, and	the Financial Reporting Standard					applicable			in the		United			Kingdom		snd
	Republic of Ireland (FRS 102)and UK Generally Accepted Accounting Practica
	The funchonal currency ofthe charity is sterling (5)
	The Trust meets the definitlon ofs public benefit errtlty under FRS 102.Assets and liebilrbes ars inihefiy					recognised				at historical cost or
	trartsacbon value unless otherwiss stated m the relevant accounfing poficy note(s).
I 2	Income
	Donations are recognised in the year in which there is entltlemerrt and probebifity of recept end the				emourrt			can be	measured					with	reasonable
	certairrty Income is only deferred when ths charity has to fufiii conditions	before becoming entrtled			to it or		where the			donor		hss spec)fied that the
	Income Isto be expended in a future year. Gift aid is added toths value	ofthe donation to which		it	relates
	Donated services are recognised as income and expenditure in the finanr)et statements		when organisabons					or indiwduals				olfer their services and
	support pro bono. The value ofthese donated services to Quarry Gospel Hall Trust is considered			to be		equal to market					value			which would			be
	paid were the service formally procured This mrtudes services paid for	by other trusts.
	charity
	Investment Income Is accounted for on a receivable basis.
1.3	Expenditure
	Expenditure is Inrtuded on an accruals basis Uablfitles ere recognised	as soon as them	is a legal		or constructwe				obligabon				committing			the
	t pay out resources
	Chartteble acbvibes corn pnse those costs directly altnbutabls to the fuffilment ofthe charitable objects.
1.4	Governance and support costs
	Support costs have been allocated between governance costs and other	support costs	Governance		costs		compnse			afi costs				involving		the	pubic
	eccourrtebilrty ofthe cherrty end costs related to statutory requirements	Governance end support			costs	ere		allocated to			charitable				sctrvrbes		on
	the basis of capadty used.
I 5	Tangible fixed assets and depreciation
	Tangible fixed assets (costing more than 5100)are stated at cost less depreciation. Freehold land			is not		dspreaated				Depreciation					ls provided			at
	rates calculated to vmte off the cost, less estimated residual value, of each asset over rts		expected		useful	Irfe as follows
	Pmperty Improvements					5%		Straight		Une
	Foctures and Rttlngs					10%Straight				Line
I 6	Taxatfori
	The Trust Is 6 rag wtered charrty 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 chartteble purposes.
I 7	Funds
	Tha general unmstrktad fund isfree for the Trustees to use for any purposes In furtherance ofthe			trust'5		charitable			objects.
	Restncted funds ense from donabons to the trust, which ars made for a specfftc purpose.		Restricted		funds		cen only		be used			forthe			purpose		for
	which funds were gwen
I 5	Preparation ofconsogdated financial statements
	The Charfty does not have 6trading subadiary and there is no requirement to prepare consolidated				accounts
I 9	Going concern
	The Iiustees consider that there are no material uncertainties about tha	charity'5 ability to conlinua			as 5	going crmcem.

Donated tor		Year ended		Yearended	Yearended
		06Ape 2022 5		05Aprg L	2021
Exeter 5 Honiton Gospel Hall Trust		21,728			8,876
RESOURCES EXPENDED		Meeting	Other charitable	Yearended		Year ended
		roours	activities	05 Aprg	2022	05 Aprg	2021
		5	5	5		5
Dlnlct costs
Rates and Water		1,350			1,350		1,287
Gas and stectrldty		7,541			7,541		3,516
Repairs and Mwntsnence		2,992			2602		901
Insurance		1,627			1,627		1,776
Ielephone snd broadband	costs	784			784		1,645
Legal end professional		1,304			1,304		8,387
Depmdatlon		27,235			27,235		27,094
Congregation support			4,800		4,800		12,375
Bank charges							18
Support costs
Other Pubgc Outreach		423			423
Governance		984			984
		44,240

ANGIBLE FIXEDASSETS
		Fixtures,
	Freehold	fittings	&
	Property	equipment		Totals
Cost
At 06 Apnl 2021	1,340,710		11,546	1,352,256
Addrbons			3,290	3,290
Dispose(a
At 05 Aprg 2022			14836	1 355546
Deprecladon
At 06 April 2021	51,898		6,600	58,698
Charge forthe year	25,949		1,286	27,235
Depmdatlon on dlsposals
At 05Apnl 2022			8 086	85 933
Net booK value
At 05 Aprg 2022	1,262,884		6,750	1,269,614
At 05 Apnl 2021	1,288,812		4,746	1,293558


7.	ANALYSIS	OF NETASSET	BETWEEN FUNDS
	Current veer
			Unrestricted	Designated	Restricted	Tots I
			fUit de E	furids 6	funds 6	fundsf
	Tangible fixed assets		1,269,614			1,269,614
	Current assets		519,290	1,805		521,096
	Current liabilrtles		(7,440)				(7,440)
	Non-current	babilrties
	Total funds		1,7ii1,464	I 805
7.2	Prior year
			Unrestricted	Designated	Restricted	Total
			funds	funds	fU rills	funds
			E	E	E	E
	Tangible fixed assets		1,293,558			1,293,558
	Current assets		408,023	1,805		409,828
	Current liadfihes		(2,763)				(2,763)
	Non-current	fiabfilUes
	Iotal funds		I 698818	1 805		1700623
8	MOVEMENT	IN FUNDS
8 1	Current veer
			Fund balance		Resources	Reagsed	gains	Fund balance
			At 06 Apdl 2021 f	Incoming resources E	expended E	and losses k		At 05 Aprg E	2022
	Restncted funds
	Designated funds		I 805	2995	4 800
	Unreshided	funds	1,698,818	150,419	(65,968			1,783,269
	Total funds		1,700,623	153414	0,768			1,783,269
8.2	prior vear
			Fund balance		Resources	Reagsed	gains	Fund balance
			At 06Aprg 2020	Incoming resources	expanded	and losses		At 05 Aprg	2021
			E	E	E	6		E
	Restricted IUnds
	Designated funds			14,180	12375				1,805
	Unrestrlded	funds	I 666 154	37 147	54483			I 698818
	Total fUrids		1,666,154	51,327			50,000	I 700623

						E	1'OF FIN	1'OF FIN	DIAL ACTIIRTIEE
					FOR THE YEAR	ENDED		APRIL 2021
					Unrestrtcted Designated				Restricted	Total funds
					Funds Funds				F nds	2021
					8 8				6	6
Income and endowments				from:
Doneffons and fegaclesr
Cofiectlons					22,000					22,000
							14,180			14,180
					8,210					8,210
					4,850					4,850
					2,053					2,053
Investm errtsr
Total					37 147		14 180			51 327
Expendtture	on:
Cnarnaofe acdvldes
Running		meeting	mome		45,607		12,375			57,982
Cost of		donated serwces			8 876					8,876
Total					54 483		12375			66 858
Net Income/(expenditure)					(17,336)		1,805			(I5,531)
Gains/(losses)		on sale of fixed assets			50,000					50,000
Net movement		In funds			32,664		1,805			34,469
Recondfietlon		offunds
Total funds bougM forward					1,666,154					1,666,154
Total funds carried forward					I 698 818		I 805			I 700 623