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|||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|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|||
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||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|
##
||||||Notes|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||||||
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|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|
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