Loampit Gospel Hall Trust REPORT & AccouKrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Church Gr0h Trust Limited The Barn Baines Lane, Seaton, Oakham RLrtland LE15 9HP
Loamplt Gospel Hall Trust FOR THE YEAR ENDED 30 SEPTEMBER 2024 LEGAL & ADMINISTRATIVE DETAILS ADDRESS FOR CORRESPONDENCE Church Growth Trust Limited The Barn Baines Lane. Sealon, Oakham Rutland LE15 9HP Declaration of Trust dated 23 Mah 1926 and Charity Commission Scheme sealed on 12 June 1987. GOVERNING DOCUMENT TRUSTEE Church Growth Trust Ltd INDEX Page 1 Legal & Administr8twe Details Pages 2 Trusts8's Report Page 3 Receipts and Payments Account Page 4 Statement of Assets & Liabilllies Page 5 Notes to the Accounts Page 1
Loampit Gospel Hall Trust REPORT OF THE TRUSTEE FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustee has pl8asure in Bubmitting the Report and Accounts for the year. Objects of the charlty The Trust's object5 are to hold property to pemit the Assembly or such other evangelical Christians to US8 th& premises for the purpos8 of Christian religious worship. Additional income to be held for th8 use of the occupying assembly. Governance The policy and operating decisions of the charty rest with tha Trustee who meets regularfy at Church Growth Trust's D1ctors, meetings lo monitor the activities of the TnJ81. Review of Activltlo$ The first and second ftoor flat has been let for the whole year. Any income is held for use of the Assemblv to repair. maintain and improve the Droperty. Major repair WQTk to the chimneys and parapet wall was completed during the year, yth the Trust funds contributing to this work. The occupying assembly contributed £10,OCQ in addition lo £15,000 loan from JW Laing Trust being repaid over 5 years from rent of the flat. In planning the activities the Trustee has applied the guidance given by the Chanty Commission on public benefrt. Trustee's Responslbllttles Chartty law requir88 the Trustee to prepare financial statements for each accounting year which record the reipts and payments of the ohaiiiy for the year. The Trustee is responsible for keeping proper accounting records Ythich disclose with reasonable accuracy at any time the financial position of the charity and enable li to ensure that the financial statements Comply yh the Charities Act 2011. The Trustee also has a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. Approval This r8POrt was approved by the Trustee on 22 July 2025 and signed on lis behalf by Garyl Willis as ornpany Secretary of Church Growth Trust Ltd Page 2
Loampil Gospel Hall Trust RECEIPTS AND PAYMENTS AccouKr FOR THE YEAR ENDED 30 SEPTEMBER 2024 Notes Unrestricted R•strtthd General Funds 2024 2023 Restated Recelpts Voluntary reIpts Grants and gifts received other r8ceipts Invèstrnent income recewed Rent received Buikjing project contribution from Assembly Loan funds from JW Laing Twst Total Receipts 121 11.8 14.400 14,400 10,OC(I 15,OCQ 39,4C4J 10,1)00 15.000 10,ODJ 11,721 Payments Payments in furtherance of the charit$ objectives Direct t8 51,424 10,000 81.424 Grants paid Totsl Payments 1,263 Net Re¢eiptsllPayment51 before transfers {22,0241 (22,024) 10,458 Transfe bethen iijnds Not Movement In Fund8 {22,024) 10.458 Opening balance8 1 October 33,232 33,232 22,774 Clo8lng bal•n¢os 30 S•pt•mber 11,208 11.208 33,232 The notes on pages 5 fomi part of Ihese accounts. Pago 3
APPENDIX I Loampit Gospel Hall Trust STATEMENT OF ASSETS & LIABILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 1. Fixed Assets Value 2024 The value of the assets owned are.. Freehold Building Equipment 691,173 891,173 Th8 valuation is based on the rebuilding cost for insurance purposes, discounted by 451J/o. Propety insured for £1.535,940 Z Bank & Cash Balances 2024 2023 Held on trust by Church Grovrth Trust 33,232 3. Other Assets & Liabilities A&%ets Other monetary assets Li8bilities Laing loan 12,500 12,500 The accounts were approved by the twstee and signed on its behalf by The notes on page 5 fomi part of these accounts Page 4
Loamplt Gospel Hall Trust NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 1. Accountlng Policie8 The accounts have been prepared on a receipts and payments basis th a statement of assets and liabilities. Z Direct costs General Funds Restricted Funds Totsl 2024 Total 2023 Property costs Building project Light, heat. water & Council Tax Insurance Property management Laing loan capital repayrnent Laing loan interest repaym8nt 288 57,706 1,263 47,706 10,000 180 2,500 750 51,424 180 2,500 750 61,424 10,000 1,263 3. Grants Pald Individuals Instrtulions 4. Employee$ The charity has no amployees. No arnounts were paid or are payable to the Trustee or to any person conneded to rf(. Page 5