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2024-04-05-accounts

Trustees Report & Unaudited Financial Statements

Chichester Gospel Hall Trust For the year ended 5 April 2024

Contents

22 Aug 2024 Page 2 of 19

Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Legal and Administrative Information

Chichester Gospel Hall Trust For the year ended 5 April 2024

Charity Name:

Chichester Gospel Hall Trust

Registered Charity Number:

1195327

Trustees:

Anthony Murray Diplock (Chair)

Stephen Brown

Jonathan Bernard Diplock

Carl Fry

Duane Patrick Barry

Treasurer:

Anthony Murray Diplock

Principal Address: Weyhill Gospel Hall Weyhill Andover SP11 8AJ

Independent Examiner:

Lloyd Tunley Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW

Accountant:

Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Report of the Trustees

Chichester Gospel Hall Trust For the year ended 5 April 2024

The trustees present their report along with the financial statements of the Charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 11 and comply with the Trust Deed and applicable law.

Structure, Governance and Management

Governing Document

The Charity is an unincorporated trust constituted by a Deed of Trust dated 12th August 2014. The trust was registered with the Charity Commission for England and Wales on 28th July 2021 under Charity Registration Number: 1195327

Recruitment and appointment of new Trustees

The Trustees who have served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2024.

The Trust operates four Gospel halls and Trustees are chosen from among the regular congregation 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 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.

Wider Network

The Charity maintains informal links with Trustees of similar Charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also maintains particular links with Lansdowne 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 to manage and mitigate those risks.

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.

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.

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Trustees Report & Unaudited Financial Statements

Chichester Gospel Hall Trust

Report of the Trustees

Main activities and achievements

The Trust provides and maintains four 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 website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

The Trust has continued to engage with the congregation and visitors and encouraging good works by them which benefit the wider community, as described below.

Plans for future 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 (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 600 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 halls and visitors are free to help themselves.

Spreading the Gospel message and the life of a Christian

The Gospel halls 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 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 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:

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Trustees Report & Unaudited Financial Statements

Chichester Gospel Hall Trust

Report of the Trustees

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.

Financial Review

In the year ended 5 April 2024 the Trust had a deficit of incoming resources over resources expended. This is mostly due to non-monetary items such as depreciation.

Total voluntary income received this year was £33,236 compared to £28,120 in the previous year.

All funds held were unrestricted funds.

Reserves Policy

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. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. 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.

Free Reserves at the year end were £359 (2023: £nil)

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Report of the Trustees

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with 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 (Accounts 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 prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustees.

On Behalf of the board:

..................................................................................

Anthony Murray Diplock (Trustee)

..............................................................

Date

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Report of the Independent Examiner

Chichester Gospel Hall Trust For the year ended 5 April 2024

I report to the trustees on my examination of the accounts of the Chichester Gospel Hall Trust for the year ended 5 April 2023.

Respective responsibilities of Trustees and Examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

Independent Examiner's Statement

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

  1. Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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 accounts to be reached.

...................................................................................................

Lloyd Tunley Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW

20 August 2024

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Statement of Financial Activities

Chichester Gospel Hall Trust For the year ended 5 April 2024

Statement of Financial Activities
Chichester Gospel Hall Trust
For the year ended 5 April 2024
Statement of Financial Activities
Chichester Gospel Hall Trust
For the year ended 5 April 2024
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
RESTRICTED
FUNDS
TOTAL FUNDS
2024
TOTAL FUNDS
2023
Income and endowments:
Donations and Legacies:
Donated Services (note 4)
33,236
-
-
33,236
28,120
Total Income and endowments:
33,236
-
-
33,236
28,120
Expenditure:
Running Meeting Rooms (note 8)
47,394
-
-
47,394
45,127
Total Expenditure:
47,394
-
-
47,394
45,127
Net Income/(Expenditure)
(14,158)
-
-
(14,158)
(17,007)
Net Movement In Funds
(14,158)
-
-
(14,158)
(17,007)
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
RESTRICTED
FUNDS
TOTAL FUNDS
2024
TOTAL FUNDS
2023
Reconciliation of funds (note 10)
Total Funds bought forward
1,220,930
-
-
1,220,930
1,237,937
Net movement in funds
(14,158)
-
-
(14,158)
(17,007)
Total Funds carried forward
1,206,772
-
-
1,206,772
1,220,930

The notes on page 11 - 18 form part of these financial statements.

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Balance Sheet

Chichester Gospel Hall Trust As at 5 April 2024

Balance Sheet
Chichester Gospel Hall Trust
As at 5 April 2024
2024 2023
Fixed Assets
Tangible assets (note 5) 1,206,413 1,221,041
Total Fixed Assets 1,206,413 1,221,041
Current assets
Prepayments and accrued income 1,407 885
Cash at bank and in hand 50 50
Total Current assets 1,457 935
Creditors: amounts falling due withinone year
Other creditors 1,098 1,045
Total Creditors: amounts falling due within one year 1,098 1,045
Net current assets/(liabilities) 359 (111)
Total assets less current liabilities 1,206,772 1,220,930
Net Assets 1,206,772 1,220,930
Funds (note 9)
Unrestricted funds 1,206,772 1,220,930
Total Funds 1,206,772 1,220,930

The unaudited financial statements were approved and authorised for issue by the Trustees of Chichester Gospel Hall Trust on .........................................and were signed on its behalf by:

.............................................................................................

Anthony Murray Diplock (Trustee)

The notes on pages 11 - 18 form part of these financial statements.

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Notes forming part of the Financial Statements

Chichester Gospel Hall Trust For the year ended 5 April 2024

1. ACCOUNTING POLICIES

1.1 Basis of financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: 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) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Income

Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with 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 of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Chichester Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

1.3 Expenditure

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment 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 involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £100) 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 property and refurbishments 2% straight line
Fixtures and Fittings 10% reducing balance

1.6 Taxation

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Notes forming part of the Financial Statements

The Trust is a registered charity 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 charitable purposes.

1.7 Funds

The general unrestricted fund is free for the 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 consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

1.10 Significant estimates and judgements

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

2. TRUSTEES' REMUNERATION AND EXPENSES

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2023: none).

3. WAGES AND SALARIES

There are no employees (2023: none)

4. Donated Services

2024
2023
2024
2023
Donated Services
Received From:
Donated services from Lansdowne Gospel Hall Trust
33,236
28,120
Total Received:
33,236
28,120

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Notes forming part of the Financial Statements

5. Tangible Fixed Assets

Cost Freehold Land & Property Fixtures and Fittings Totals
At 5 April 2023 1,273,474 1,577 1,275,051
Additions - - -
Disposals - - -
At 5 April 2024 1,273,474 1,577 1,275,051
Depreciation
At 5 April 2023 53,496 515 54,011
Current Year Depreciation 14,521 106 14,627
Eliminated on disposals - - -
At 5 April 2024 68,017 621 68,638
Net Book Value
At 5 April 2024 1,219,979 956 1,206,413
At 5 April 2023 1,236,951 1,062 1,221,041

Land registry titles of the above property held are HP721611, HP775847, HP666795, and HP93950.

6. TRANSACTIONS WITH RELATED PARTIES

During the financial year, no transactions occurred with related parties of the trustees.

7. VOLUNTEERS

Chichester Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

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Trustees Report & Unaudited Financial Statements

Chichester Gospel Hall Trust

Resources Expended

Chichester Gospel Hall Trust For the year ended 5 April 2024

8. Resources Expended

MEETING ROOMS
OTHER
CHARITABLE
ACTIVITIES
TOTAL COSTS
2023
TOTAL COSTS
2022
MEETING ROOMS
OTHER
CHARITABLE
ACTIVITIES
TOTAL COSTS
2023
TOTAL COSTS
2022
Direct Costs
Other Expenses
Accountancy, Audit and Independent Examination Fees
1,811
-
1,811
2,707
Air Conditioning
612
-
612
10,322
Depreciation
14,627
-
14,627
17,090
Electricity, Gas & Water
21,288
-
21,288
3,712
Insurance
1,588
-
1,588
846
Legal & professional Fees
990
-
990
-
Professional fees (UST)
-
-
-
1,434
Repairs & Maintenance
6,279
-
6,279
8,843
Telephone
199
-
199
173
Total Other Expenses
47,394
-
47,394
45,127
Total Direct Costs
47,394
-
47,394
45,127

Governance costs include £180 (prior year: £180) in respect of independent examiners fees.

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Analysis of Net Assets - Current year

Chichester Gospel Hall Trust For the year ended 5 April 2024

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS

9.1 Current Year
UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS
FUNDS FUNDS FUNDS 2024
Funds
Tangible Fixed Assets 1,206,413 - - 1,206,413
Current Assets 1,457 - - 1,457
Current Liabilities (1,098) - - (1,098)
Total Funds 1,206,772 - - 1,206,772

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Analysis of Net Assets - Prior Year

Chichester Gospel Hall Trust For the year ended 5 April 2024

9.2 Prior Year

UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS
FUNDS FUNDS FUNDS 2023
Funds
Tangible Fixed Assets 1,221,041 - - 1,221,041
Current Assets 935 - - 935
Current Liabilities (1,045) - - (1,045)
Total Funds 1,220,930 - - 1,220,930

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Movement in Funds - Current Year

Chichester Gospel Hall Trust For the year ended 5 April 2024

10. Movement in Funds

10.1 Movement in funds - current year

UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS
FUNDS FUNDS FUNDS 2024
Movement in Funds
Total funds bought forward 1,220,930 - - 1,220,930
Incoming resources 33,236 - - 33,236
Resources expended (47,394) - - (47,394)
Total funds carried forward 1,206,772 - - 1,206,772

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Movement in Funds - Prior Year

Chichester Gospel Hall Trust For the year ended 5 April 2024

10. Movement in Funds

10.2 Movement in funds - Prior year

UNRESTRICTED DESIGNATED RESTRICTED TOTAL FUNDS
FUNDS FUNDS FUNDS 2023
Movement in Funds
Total funds bought forward 1,237,937 - - 1,237,937
Incoming resources 28,120 - - 28,120
Resources expended (45,127) - - (45,127)
Total funds carried forward 1,220,930 - - 1,220,930

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust

Comparative Statement of Financial Activities

Chichester Gospel Hall Trust For the year ended 5 April 2024

Comparative Statement of Financial Activities
Chichester Gospel Hall Trust
For the year ended 5 April 2024
Comparative Statement of Financial Activities
Chichester Gospel Hall Trust
For the year ended 5 April 2024
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
RESTRICTED
FUNDS
TOTAL FUNDS
2023
Income and endowments:
Donations and Legacies:
Donated Services (note 4)
28,120
-
-
28,120
Total Income and endowments:
28,120
-
-
28,120
Expenditure:
Running Meeting Rooms (note 8)
45,127
-
-
45,127
Total Expenditure:
45,127
-
-
45,127
Net Income/(Expenditure)
(17,007)
-
-
(17,007)
Net Movement In Funds
(17,007)
-
-
(17,007)
UNRESTRICTED
FUNDS
DESIGNATED
FUNDS
RESTRICTED
FUNDS
TOTAL FUNDS
2023
Reconciliation of funds (note 10)
Total Funds bought forward
1,237,937
-
-
1,237,937
Net movement in funds
(17,007)
-
-
(17,007)
Total Funds carried forward
1,220,930
-
-
1,220,930

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Trustees Report & Unaudited Financial Statements Chichester Gospel Hall Trust