Chaiity Ro918tradon No: 1197711 Walden Road Gospel Hall Trust Report of the trustees and unaudited financial statsments for the year ended 5th April 2024
Walden Road Gosp91 Hall Tw8t Contonts Pagos Reference and administralÈ%e detai15 Report of the trustses Independent examinerfs rep(wt Slatemenl of finaal xbvitps Balan sheet 9.-13. Notes lo thè financaal statements
Waldon Road Goswl Hall Tntst Refergn¢• and admini¥trdtive detallB for th9 ar endgd 6th ri12024 Charity name: Wathn Road GosFd Hall Trust Regl8tsred charity number. 1197711 Tru$tse$: MrAdrian W[thJ Mr Daniel Smilh {Charf) Mr James HaNey Treasurer. Mr Danid Smtth Prfn¢lpal address: Chiswells Culkn Green Thed Essex CM6 2QA Indépèndènt •xamii*T: Sandra TIrgo(KI FCCA Eastsvay Enterpri88 Cenlre 7 Paynes Pwk Hitchw) Herts. SG5 1EH Bankors: Bardays Bank UK PLC Leester LE872BB Page 1
Waldèn Road Gospel Hal Trust Report of the trustees for the year ended Sth rf12Q24 twusts85 pr858nl their r8PJrt abrvJ ith the thancial staiomnts of the Chanty for tho year 51h ri1 2024. The financkql statements have en wep81 in Ordan with the actounting policias setout pages 9 and 10 and wmply the Tnjst De&1 and applKabb kw. Structure governon¢¢ and manovnrt Governlng documont Waklen Road Gospel Hall Twu81 an bwsl o)nstiltrted by t)ewJ of TrLtst dated 15th August 2014. Th8 Trust was registered with Ihe Charity CommissiM En9land and Wab5 on 28th January 2022 under Charity RegstralKJn Numtr. 1197111. RocNEtrrnnt ond appolntsn•rtol trust•O8 Th8 names of the Tw$tees ththo have the yr 8fKI thg y8ar •nd are 581 out on page 1. None of the Trustees. nor any person ConTted with them, any r8muwation or expen888 from Ihg Chanty in the yearernled S ApNI 202412023." £nill. Th8 TnJ8t opèrates three &spel halL% and Trustees a chow awnong the regular congregation of the hL. New Trustees are nominated by Ihe exisb.ng Tru$to6s or by tho 0)ngab.on and musl bè ¥pointed by unanimou5 resolutK)n of the Trjrega1In. They are sew accA)r(liry their 5ki115 and exp8ri8nce and are 8XFected to use bDth in furthering Ihe objects of the Charty. Checs a m•Je to ensure Ihe Tru5tee5' elyiblity to act and inrAJmiThJ Tnjslees are made aware of their respon5ibilits"85 by th8 existing TnLsle8s, 8rtsure that rew Truskes read Trust De and relevant Chanty CDrntnission guKlan¢. The Trustees maintsin kiftrmial links wlh 5imibr£arrb&5 ilh a view to w)oliry exFerierK¥ oJnshler8d eful in pursui th8 objects of the thanty. The drity aL%o tnainlains partitsjlar link5 l%ith Ihe BrbJg8foct Go* H1 TNst with whth rt shares members ol rts congrngats"on. Risk managernent Trustees have thnbfEd and reVI8d the rnaior risks io th8 tharity i8 exposed and o)nfinn that they have estsblished syst8tn5 or procwJurBS to manage 8TrJ mitigate Ihose rks. Obioctive8 and acllvlttes obJeCVe$ and lrnslha$ the follo9 tharrtable PUse5.. The chaiitable purposes of Chanty aro thè thjument of the Christi3n 1J10n for the public rfiL kiclwlirg by ts (arrying on of Ihe servte of Gcxl in 8ccorrJan th the Old and New Teslaments of the Holy as followl by those Chrtsiians f(ming patl of Ihe wvrklwride fellohIP known as the Hymoulh Brethren ChrTStiin chth (the "61hren.1 and any otlEr tharilabb purp0585 connected with Brethren. The o)re dothne of the 8thn and prOr pracbce5 in bJrtheranc6 of certain aspects of dootrine are sLThmarBèJ lo ts Tnjst Deed. Page 2
Walden Road Gogpgl Hall Tru8t Report of the trustees for the r ended 5th Aprfl 2024 Publle b8nt Trustees 1xfirM that they have knilh their duty un<ler seciKn 4 of the charib.es Act 2011 to have due regard lo the Charity Comm$1¥ 9gnw4 9Uhlan to dwrities on pubk bO[lL Maln actlyltios and achl8vem?nts The Trust W0ve$ and mainiains three Gospel halls wthere r8lbJK)us MeerS are held by the local Brethw Community. Details of Iha wgins. t8achiThg$ and way of Ire of Ihe Brethren can be found websit8- w•.plymouU)blnch1I$tsarhur.i)[g and in the schedules to the Twst D88d. thjring the finwal year. the Tntsl gwen tx) wspol halls by an affilkqbj In1 which have te8n includ8d in Ihe Tr8t a1Xnts at mathet value. It was inwacbol for Ihe trust to get fL¥mal valuations so the Trustees have opta to use infomial valuations, l¢b in tho of the truste8s represent rea1i5tscva. Plans for future pwiods The Tru$t Pn$ to conbnug al tho oJrr•ntaujM Despite the incxeased cost ol enertyy, Ihe trustees leel that these cos15 are Tr)t s¥Jnrf¥n1ty lnpadvig on the akn.lty ofthe dAnty to te as a goi corThm. meets.ngs held at Ihe gosFd h1 inchjje th8 Lord5 s Icommunionl and Gospel weathing8. Thore is a struLluied klY 5chjU of rne8tiThJs arhj, depe11ThJ lh8 partiujlar [kng. bewn 40 and SQ pe(We normalty atterxl thes8 occasion5. The rn88tings ar8 attended by the Tegular ngregation and mosl a open to olher prop d¢sKX)S V151tor5. The board outside the Hall weknmes visitors and dispk2ys Ihe bmes of Go$rl preachings, along bvith a teleone number fof Ih05e seeking further infornation or help. &isrRI tracts. whi( ara distritHJted by streel weachers, 8150 dkspL3y Ihis inf0mtiOn. Bibles arKY an extsnsi¥e rarvje of other Chrisban readuvJ material are on display at the ha15 and visitors are free to help tsm$e. spadIng the Gospel and the life ofa Chrislian Th8 Gospel ha115 are a base from the reguL8r coTrJregation and others allend the meeungs are encouraged to Spread the Christ'an Gosp81, in and deed. Members ol the congregatJfi P8rliapat8 in 8 progrèMrr of street pre8thiTrJ 8nd i1 trarA8 are prov1 fTre ol tharge by the Charity to weacheF5 to hand8d out to Intested Mernirg of the wbliG In c2rrwrg out this woth. Ihe CongwatK conets itself to be IwiTvJ out its failh in wactiC8, as particulaty exempl in the fdlowng extract fr(xn the Schedu io the Trust Deed on Imng Chri51ian lrf8'. We seek and are er¢ouraged to livg exempbry in al wr rekabonships with others in the wider cnmmunity lindLtdiw fomr Bret1. a1¥11¢e wth the tea¢hin9$ ol Fk)i¥ pture11 Tim 2..21 P•J8 3
Walden Road Gospel Hall Trust Rgport ol the trustees for the oar ended 5th Aprll 2024 Oble¢lves and activibo8 Spr8•Jing the Gospol and the Wrt of a Christian contsL We reguty (wJt Trom tyjr homes to weath on the $tre. to dBlritrAJle Chtian literature orKJage the ccfflmunity linduding fonn8r Brethrenl in ordorlo esent etemal saa"On. avaiLable to all men by lailh in Jesus Christ12 4'.21- We s8ek as m8mbers of Ihe put4¢ to chrlIan INes as h[5 and wve6. parents. chiklren. eryloyers. empk)yees wgN)ours. Icol 3..22-25. Cd 4..11. The pr88ervabon prot8¢tKJn of Ih6famity w)itisfundrntal thibJrBn arg prized as a bkssirg trcm Goj. IPsalm 127..1. The eldÈty are ¥ald membets of the community. for whom boih their famity and the kn¢nmnty a expected to Oz. Hoty scriptrj ¢JJrnrnand5 US to be got1 neightrKJurs to others, and tjeal wth all other people lin¢luding fomer Brpthf8nl openty, honesdy and fairty and consistent vrith these prinoples. shoubJ gNe ts"rne, taknts and money io assist those in need in thewKler mmunity. in so far as reasonablo given our abillS and our availabjg r980wc¢$. (Matt 7..12. M8tt22.'39, Eph 4..281. Fundlng Funding is sought through gns aryl donab"on$ frcm the congwalion. Grants 8Te 50mebmes rNed 0th8r charItae trnsts vmlh coThJruent obj8("ves. Grft axl ts also dairned on l8vant gffts. FSNanelal r•vi8w Financlal postuon In the year ended 5th April 2024 the Trust a surplus of incoming rOsour$ over resourLES expended. The trESsed income thi5 year was to the grant of halls from an affiliated trust. Total vduntary rld thi%y8arvd5 £ 870.375 and £ 5.¢M in prevws year. AJI fund$ hdd re unrestrthd (und FofthcomiTrJ tommitrnents". Th8 trust is ccrnmrttal to rthing and maintsinirNJ ¥)e addonal gosppl halls dated Irom allliated trusts ikn"r¥J financ481 yEar. Resarves policy The TNstee8 have considered Ihe kvel of wervos IW wsh to ro11. 8ppropfiate to Ihe charitys needs, based on its Svie and Ih8 ver of ils finarLial mminents. The TnEt has no ernploy8es and rts regular out90ings are minimal. AccordirpJty. ts Trustees have do(1d to adcyt a poficy of intaining no spjnrficant reseryes. The ojngregabon is kept gulartY infomie(l as to parbojlar for funds, and other eral rnattet5 arKI th8 TrSt08S aim ¢0 ensur8 tw Ihe Charty *ill be ab to rx)ntinue lo fulfil it5 tharitable obiethves even if ttre 15 a temporary shortfall an ¢{] N unoxpedgd eypendrture. by raisiNJ a funds aweal to thE Conalan. Free reserves at the year end £ 3,013 (2023: £3.247). Any shorffal k8 met by Br3&fOOt (knrkl Hall Trust.
Walden Road Gospel Hall Trust Report of the tnvstees for the ear ended 5th Aprll 2024 Stat¥mgnt of trust0. re8pon$lbllfjtl•¥ The trustees are FèspOr1e for WEparin9 the Report ol the Tru5t885 and tho finanoal 5t81grkwnts in accordanc£ with aPIcable lawand Uned OActOuntiry standa18 Iunw lQ"Wcffi Generalty Accepted AcxountiTwJ Piacticl. The Lgw 8ptAKabk to thariliès in EThJL8nd & requires ts Iru5t888 to prepare fina181 $tatemants for e¥h f)anL7a year Ithich a tr arKI fair vi8w ol the sta18 of affr$ ol Iho charity an ol the incomin9 Tr$ourS aTrJ a[[l)n of resource5 of thanty foi that period. In preparing these finaniial $tatements, Ihe trustees are requwed k).. sdect suitable a(tounling porK$ arK1 thèn them thw5t8nty. bl ob58rv8 Ihe method5 8rJ prffjc4) in the Chanty SORP IFRS 1021: rkwke judgemgnts aThY 6Stirnat¢s thatar• rèasonable and dl $tst& fieth8r acclnting Standarrf5 have be foEd. ukniect to any material d8partU ddOSed a1 explained in tts frThancial Ststnts.. Prepa the ffnancial slatennts on fv going basts unkn it is inappropriate to presume that thecharitythll tontinue in busines5. Th8 trustees r88poroibk kwing prer accountiry rEcorts Ihal dtsdosè ith reasonab accuracy at any the finanual p)sitJn of the tharty a1 enab them to ensure that the finarttsal stat8rnents compty wilh lh8 Charib"esAct 2011. tt* Charities IAccounls and Reports) Regulat+ 2008 ar the provisions of the Irust deed. They a also SPOnSIb for safeguarding the assets of the arity and hence for taking reasonab slep$ for the prevenfy.on and dttion of fraud and otr irr8gularities. 1 transactions have been rev1 ar¥J approved by lJust8es. On beham of Ihg board.. Mr Pa9e 5
Walden Road Gospol Hall Tn46t INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMEKrs Report to tho Iru8ts98 ofWald¢n Road Gospel Hall TnMt tho IlTranclal st•monts for th• y•ar•nd•d 5th Aprll 2024 s•t out on pag05 7t0 13. R•Whe r•SpSIbIlItIeS oftrusts•• and •xamln•r r8quwnants crfthè Chati&$ A(a 2011 IYh8 Ace). I report In res1 of myexam1nal)n dlhe Tnjsys accounts out uThaer seLlbJn 145 01 the 2011 Act and in carrykng out my wmknalk)n I have frthwed al Ihe appkabb Dirodw)ns given by the Charity CommlsBlon er8e(ll45(sKbl ofts ACL Bao19 ol Indopond•nt •xamlnorf$ stat•n My 6xamin?tK¥n was carrled OLrt a¢c¢Ydance llh th• General Dir6dKms Charity Commisston. eyaminalion indudès a w8w of the acti)9 rel$ kw by th• ehadty aThJ comparL8on of tho acrolmts pwesented wth I)se Tecords. It dso Incbjdes ccTh%Kloration of unusual ftorn$ or (N5de$ th thè ats, $68klng of from you a8 Tnwtee8 conc8mlng any surh mattors. Thè w¢ethres urbjertaken do Fv18 th8 8vhlenco that wouhj bg q(re h An 8udiL consqquènlty no opinM)n Is as to th81h8r accounts wesent Irue aThJ falrvkn¥' end the rwt is l•hibJ iolhrAe matters set in th• stat8m8 bth. Ind•pendoni •ximin•rf• slat•mert I haw complotgd my ex8mlnabon. I confinn that no materf matters hgvo (me to my in connedon Ailh the 8xarnlrsatrJn ma to tffjH8ve that kn anymatww rsspec£' AccountrJ re0 r¥)t In ofltrA Trust as requked by s1 130 rfl A¢¢ or The aco)unts do not compty 8ppkatrAe rewlrements corKgmiro the forn and content of aUftts set out In the Charldes (Aixwnts and Reports) Rth3ukqtbn$ 2008 olher than any requiremeni Ihttt th8 acc4wnts g6ve a Iru• and falr la nol a I havg no concoms and have come scrc4s rvJ other mattws In connecllon vAth th8 6xamkn8tK)n to wNch httèntlon 8hould b8 draTr li 1hls rewrt lo enabb& a propor WKlorstandlng ol the Nrne: Sandra Thwgcod FCCA Eastsvay Enterprise C8ntr8, 7 Pwes W Hitthin. Herts.. SGS 1EH
Walden Road 1 Trust
Statoment of lltran¢lal acUvWes
Iln¢ludlnB Incoffled exp¢ndlbJts accounl)
forth
•ar•nded 6th
TrXITES
FurKIs
Furwjs
2024
IncomSng and end¢y•Jrnertsfrom".
DonatK)n$ rMI 1ryac.
C108
C¢niribthvs from the (xjigregaw
GiftAKI dorAUons
(XherdonKKIS
Inttthe tsxrdund5
11.375
11.375
PayiDII givkng
Grants r£cd
LatyeS r81¥
Investmènt Incom•And thtteY86t
Bank tereSt
Other In9
Sundry
Total
870.37$
0.376
Exp•ndltur•orL
charkable¥1@s
Runnkng ofmÈebng W15
10.619
10.e49
5.086
Cost of
Bal•n¢tsheot A8 at 5thA rH 2024 Flxed 01 TanoIbfiXed a55ets 572C 9163(A) s7} ppayTrents &&xrtd 11 Ca3h attsr in h 3.247 3247 4.116 3247 Ctsrrnnt Il¥bnltle5 CreLltor5" arnourtsfakng (Je¥%ther r. otherc)IS 3.013 324T Totsi allgots lefys ¢un•rtllxfrti 919.213 80.447 rgdttcrfs.. 8rnOLtrtsialngtheaner nKrfetsn 919.213 60.447 UrYes1(l&l Iwd$ 919.213 60.447 Totsl FurvJ6 919213 80,447 The unalted ffirn wAternereWd Wolden Road Trust TILee
Walden Road Gosw Hal TNst Dglallod 9tstgmèntolflnC actMtI05 Noto¥ tothe accowts ror ihp r•ndod 51hA 1. wlclos Repryting ty Chaii8 tyeng ReyKxtirrfJ SfaThlafd kn th8 UK and RtspuW of Ireknd IFRS 101 16 JY 2014. 8TrJ wdate 2. and Finawai RÈporbtyJ Stsndard the Uniied IFRS 102) aa UK AttrtwjALX))lTA Pi hL%todcal (XÈL8l¥Jn vaue Uncei$9 $11 Iitsrsrtxgv tvAe(sl. 1.2 Irw))ne [aulE0 RaSon& Certaty. IrhJxn• is (fftty vrtl tho Ch•iiy Iw5 to fulN ajndlkns ttfore ttsnir entitled to itorh¥e the domr Irttr ir¥>Jme io LE a ftrtura . CAft is to tl vae0[th&dc3fyon b44Jk4 relS. IAdUaLl offerlherserbl pr SKO Th&vabJedl¢knated ViCeS klrrTh"relW H81 Tr1 seNres pail for tythrtruS. obl9au cornmltbng th•ch¥tylOlWILXrt rewJr 1.4 t>)vwnan(tandwpwriLvsts oroffw theTruse¥ haver8ed to ¥ixel 8Lth to tschErn o)s exrrtttyj useful life asfQM¥". Buldkng r8fu¢ohmetrtS Fith#&rvJ EryAprnu 1.6 Taxati provhJ&l Irwme f81$y11n tr<thatitrabexernkthisaJ is sl0n purrx)S&S. 17 Funds 1.0 GrlrpJ
Wall Road Gospej Hol TN8t DIed $iatementolfln•n¢l¥J actMWo8 Noios toth& a¢¢ounts foriho èrwjqd 5th 1. Ac¢wntlng 11 2. TN8' rèmunenLtk•n •nd•iwnses Waoes sathrfo9 In¢omè 2024 23 BrtdgecGow fnjt 11,375 11.375 Exponlthtsjre ¢3rants re¢eld 23 BrvJefwt Gosw Mal Tl &59.(KKJ 859.oc $. Rèsources expgnd4d Runnlng of mg•tkn9 h•1 2023 Repairs and ma¥)tenm Gn$ mwntsna ntenanc& Rrdkng equ1W ghland I Waterrala$ Te1W0 & br(wJband at Inswarte- PclIrty C1[ 4.339 477 1,194 477 3.279 Sunttry De&¥*MIK. Equ¥ 10.649 10.64 10
WaldoTr Road G05po1 HallTNgt Defallgd $tstomont olftna a¢iMUe6 Note8totho a¢¢ounts for tho rotK19d Sth 12024 7. T£4blollx•d 888 Total Cost At 6thAprU 2023 DIw88 ons 2C 57.2 859.LKKI At 51hAuA 2D24 916. 91e.2rJi Q•prsckql At6th Awl 2023 [sk¥J5aIS Chargeforlhe5vr At 2024 Ilel Book1 At5th A7 2024 916.llX) 918.2 Atfjth Apdl 20TJ 57.2(N) ' LaThl RegBty Iue nb@re.. EX431094. EXBys436. FX9341098rvJ EX83fj395 7.2 htssets a)23 Copthl Lar. Thatht. EX9341C8 $49.( 310.fJX) Analysls of rt assgts bolwi lund9 8.1 fttnd Towibb W 8$9S Current88$8ts CutreDI IiaLNIths terrn 9162fyJ 4.118 916.2fyJ Totsl knds 919.213 Ql9.213 82 Total funds Taw1b1efifj 8s9ets cu1$ a¥*i$ Currenl lhilbe& Lcry temi IWStles 57.200 3.247 3.247 Total lunds .447 60.447 P4911
Walthn Road 00spg1 Hall TruEt DotaTlod statomont of flnanclal ¥ll¥ltl•s Notss io th• a¢¢oun¢8 lorth 12024 9. fund8 9.1 nr 6Awfi Incomlry Rwrc•$ 9•In BalarKeat5 Aprfl Z024 F¢ 870.375 11.e09 919.213 Total .447 870.375 11.609 919.21$ 9.2 R•¥liJ Unre61 galn 6 Re5wrces Balance ats 112023 Fund eo.447 60.447 Total lundB fjO.HT 60.447 10. Tran8•ctloTh8 rl8W part Therewerenord8W pgrtytransakn in tr*iwr(20TJ£O). 11. Volunte8r¥ Waldw Roa# Gospel Hall Tr VDknteers b cwry mana• maintenanceth. Th Trusi pd StaVwFadTrusts. 12
Walden Rttad GO•1 Htl Tiust Detalled statefflentolflnarKlal actrdWe¥ NDtes tothvoccounts forth& arnd8d fjth 12. Full cofflparfson ols1atqmgntolFeIll1y1O Funds 202J In¢omlng re80ur¢oB Ccl[L5 ofithbthlorts frorn tswqregthin Donated seicS Pastydl olwrw) received teg&Es rec8hEd Investment Incoffle Intereyt Bark interest ndry ExpendttuTO on.. Chall)1$ Runnng of methg haiy WidercAynmunitywtreath Cwt ofth)Mled seyvtes OihercoEts Govornanc• Computer(ts Le9al & WLf25svJnai<xb pdentEXankner51ee B&nkcharg85 Oth ProfitlLoss on Gaedassets Netlncofflel{expenthwel Galnsflk)swl on revWm Net rnovement th funds Raconcllllon olfund5 Total routhtfmid 00,447 Total 1undscarrf foThvard 60.447 Py13