Charity Reglstration No: 1199276 Exeter & Honiton Gospel Hall Trust Report of the trustees and unaudited financial statements Year ended 5 April 2024
Exeter & Honiton Gospel Hall Trust Contents Pages Reference and administrative details Report of the trustees Independent examinerfs report statement of financial actlvitles Balance sheet Notes to the financial statements 10-16
Ex@ter & Honiton Gospel Hall Trust Report of the Trustees For the year ended 5 Aprll 2024 Charity name Exeter & Honiton Gospel Hall Trust ReÈistÈred charity number 1199276 TNstees Mr AR Parson M r RD Welrh (Chairl MrTShort Treasurer Mr AR Parson Principal address 55 Winslade Park clyststmary Exeter EX5 IDB Bankers CAF Bank 25 King5 Hill Avenue King5 Hill WEST MALLING ME1941Q Solicitors Tozers SolScltors Broadwalk House Southernhay West EXETER EXI IUA
Exeter & Honitoll Gospel Hall Trust Report of the Trustees For the year ended S Aprll 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 wlth the accounting policies set out on page l(kll and comply with the Trust Oeed and applicable law. Structure. governance and manaEement Governing document The Charity is an unificorporated trust cc>nstituted by a Deed of Trust dated 21, June 1982, most recentlv amended by Deed of Variation dated 5 September 2014. The Trust was registered with the charity Cornmission for England and Wales on 13th June 2022 under Charity Registration Number: 1199276 Rètruitment and appolntment of new trustees The name5 of the Trustees who Seed during the year and since the year end are set out ON Page 2. None of the Trustee5, nor any person connecled with them, received any remuneration or expenses from the Charity in the year ended 5 April 202412023: £nill. The Trust operates 2 Gospel Halls. New Trustee5 are chosen from among the regular congregation of the halls. New Trustees are nomlnated by the existing Trustee5 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 eXtIng Trustees, who ensure that new Trustees read the Tm5t Deed and rolevanl Charity Commission guidance. Wider network The Trustees maintaln informal lin with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The Charity also maintains partitular links with Quarry Gospel Hall Trust, with which it shares members of it5 congregation. Risk management The Trustees have identified and reviewed the major rlsks to which the Charity is exposed and confirm that they have established systems or procedures to manage and mitigate those r15ks. Objectlve5 and activitie5 Objectives and aims The charitable purposes of the Charity are the advancernent of the Christian religion for the publlc 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 bythose Christian5 forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the 'Brethren"l and any other charitable purposes conner.ted with Brethren. The core doctrine of the Breihren aiid proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed. Publi¢ beneflt The Trustees confirm that they have complled with their duty under section 4 of the Charitie5 Art 2011 to have due regard to the Charity Commission's general guidance to charities on publlc benefit.
Exeter & Honiton Gospel Hall Trust Report of the Trustees For the year ended S April 2024 Main activities and achievements The Trust provides and maintains 2 Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, tea¢hings and way of life of the Brethren can be found on the website- www. I mouthbrethrenchristianchurch.or and In the schedule5 to the Trust Deed. The Trust's rnain achievements this year have been to continue to open the hall to the congregation and visitors and encouraging good works by them which benefit the wider community, as described below. Plan5 for Future Periods Despite the increased cost of energy, the trustees feel that these increased costs are not significantlv impacting on the ability of the charity to continue as a going concern. Meetings Meetings held at the Gospel halls would normally include the Lord's Supper Icornmunionl, Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and 50 people normally attend these occasion5. 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 tirlles of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preacher5, 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 Christlan 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 tract5 are provided free of charge by the Charity to such preachers to be handed out to interested members of the public. The trust supports a separate charity, Rapid Relief Team, by providing volunteers from the congregation to do the following activities on behalf of the Rapid Relief Team. Giving food boxes to several schools in the area including the Cornerstone academy for whl¢h they have been extrernely grateful. They also continued to donate Frontline snack packs to the South West Ambulance Service and donate Comfort packs to Devon & Cornwall Police. They supplied a hot breakfast to the Julian house 51eepout event and a water stop for the Chlldrens Hospice South West Charity cycle ride event. In carrying out this work, the ¢ongreEation considers itself to be living out its faith in practlce, as particularlv exemplified in the following extract from the schedule to the Trust Deed on living a Christian life: We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy 5cripture11 Tim 2'.21.
Exeter & Honiton Gospel Hall Trust Report of the Trustees For the year ended 5 April 2024 We regularly go out from our homes to preach on the streets, to distributp. Christian literature and engage with ihe wider community lin¢luding former Brethren) in order to present eternal salvation, available to all men by faith in jesus Christ.12 Tim 4'.21. We seek as members of the public to lead Christian lives as husbands and wives, parents, chlldren, employers, employee5 and nelghbours. Icol 3'.22-25, Col 4'.11. The prÉservation and protectlon of the family unit is fundamental and Chlldren are prized as a blessing from God. (Psalm 127'.3-51. The elderly are valued n)embers of the community, for whom both their family and the wider community are expected to care. Holy Scripture commands us to be good neighbours to others, and deal with all othÈr people lincluding former Brethrenl openly, honest5y and fairly and consistent wlth these principles, should give our tlme, talents and money to assist those in need In the wider community, in so far a5 reasonable given our abilities and our available resottrces. (Matt 7.12, Matt 22.39. Eph 4-.281. Funding FLJnding is sought through gifts from the congregation and Gift Aid is tlaimed Dll eligible donations. Funding Is sometimes received from other charilable trusts with complernentary objectives. Financial review Financial poslt5on In the year ended 5 April 2024, the Trust had a surplus of incoming resources over rourceS èxpended due to the grants received from Quarry gospel Hall Trust and the increased don3ted services frorn Quarry Gospel Hall Trust. Total voluntary income received this year wa5 £359,592 compared to £28,165 in the previou5 year. All funds held were unr@%tricted funds. Reserves policy The Trustees have considered the level of re5eNe5 they wish to retaln, 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 congregatlon is kept regularly informed as to particular needs for funds, and other relevant matters and the Trustee5 aim to ensure that the Charity will be able to continue to fulfil its chèrllèble objectives even if thère is a temporary Shortfall in income or Ljnexpected expenditure, by raising a funds appeal to the congregation. Free rÈse¥ves at the year-end were £1,90612023.. £1,963) Statement of Trustee5' responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom AccoLJnting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales require5 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 tl)e incoming resources and application of resources of the charity forthat period. In preparing these financial statements, the trustees are required to..
Exeter & Honiton Gospèl Hall Trust Report of thè Trustees For the year ended 5 April 2024 select suitable accounting policies and then épply them consistently,. observe the methods and principles in the Charities SORP IFRS 1021; make judgemènts and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial 5tatements- prepare the financial statements on the going Concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustegs are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financiBI position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charitie5 (Accounts and Reports) Regulations 2008 and the provisions of thè trkjst deed. They ale also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and oiher irregularities. All transactions have been reviewed and approved by two trustees. On behalf of the Board: Andrew Parso Trustée Date.. 281112025
Exeter & Honlton Gospel Hall Trust Repoyt ttf the Independent Examiner For the year ended 5 April 2024 I repvrt to the trustees on my examination of the accounts of the Exeter & Honiton Gospel Hall Trust for the year ended 5 April 2024. Respectlve responsibillties of Trustees and Examiner The charity's trustees are responsible for the preparation of the accoun15 in accordance with the requlrements of the Charities Act 20111'the Act'l. 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 undÈr section 14515llbl of the Act, Basis of Independent Examiner's Report My examination was carried out in accordance with the General Direction5 given by the charity Commission. An examination include5 a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also InclLJdes consideratlon of any unusual items or disclosures in the accounts, and seeking of explanations from you a5 Trustees collcerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 15 given as to whether the aCCDunts present a 'true and fair view, and the report is limited to those matters set out In the statement5 below. Independent Examiner'5 Statement I have completed my examination. I confirm that no material matters have come to my atlerbtion in connection with the examination giving me cause to believe that in any material respect.. l. Ac(ountinB 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 requirement5 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regul8tions 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 exarnination. I have no concerns and have come across no othei matters in connection with the Èxamination to which attention should be drawn In this report in order to enable a proper understanding of the account5 to be reached. Sandra Thurgood FCCA, FMAAT, ATT, BSC, ILSPA, A.NALP 3 Dells Lane Biggleswade Bed5 SG18 SLP 0110212025
Exeter & Honiton Gospel Hall Trust Statement of financial activÉties For the year ended 5 April 2024 Llnrestrictèd Fund5 De51gnated Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 las restated) ote5 Inwme and endowments trow: DoJ7Utions uftdlegtrcles.. Collections Contributlons from the congregation Gift Ald donations Income t8x refunds Donated 5ervlcÈs Payroll Eiwng LegaciÈs Grants Investments ank intorest other Profit on sale of &55ets 184,8 184,818 36,165 174,774 174,774 2000 Total 359,596 359,596 36,168 Expendltuie on.. Clwrituble uctivities RunnlDg meeting rooms 44.158 44,158 47,664 C05t oldoTrated Services Total 44.158 44,158 47,564 Net IncornellexpÈndlturel 315,438 315,438 19,4971 G2ins/llossesl on revaluatlon of flxed assets Net movemet)t In lunds 315,438 315,438 19,4971 Reconclllation ol fund5 Toial funds brought forward 1,247,293 1,247,293 1,256.790 Total funds cariledforward 1,562,731 1,562.731 1,247,293 The notes on pages 10 to 15 form part of these financial statements. All of the above activities are classed a5 continuing and there are no gains and losses other than those Included above.
Exeter & Honlton Gospel Hall Trust Balance sheet As at 5 Aprll 2024 2024 2023 la5 restated) Notes Fixed a55etS Tangible fixed assets 1,560,824 1,245,330 1,560.824 1,245,330 Current assets Debtors-. Prepayments and accrued income Cash at bank and in hand 1,90S 1,963 1,906 1,963 Current liabilities Creditors.. amount5 falling due within one year.. other creditors Accruals and deferred income Net current assets 1,906 1,963 Total assèts less current liablllties 1,562,731 1,247,293 CrttOrS- amount5 falling dije after rnore than one year: Loan Net assets 1,562,731 1,247,293 Funds Unrestricted income fund Restricted funds 1,562,731 1,247,293 Total funds 1,562,731 1,247,293 The unaudited financial statement5 were approved and authorised for issue by the Trustee of Exeter & Honiton Gospel Hall Trust on 28 January 2025 and signed on their behalf by Andrew Parson Trustee The notes on pages 10 tts 16 form part of these financial statements
Exeter & Honiton G95pel Hall Trust Notes to the fjnancial statements For the year ended 5 Aprll 2024 Accounting policios Basis of preparation finon¢i81 statements The financial statements have been prepared in accordance with Accounting and Reporting bv Charities.. Second edition of the Statement of Recommended Practice applicable tD charities preparing ther accounts in accordance with the Financial Reporting Standard applicable In ihe UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applitable in the United Kingdom and Republic of Ireland IFRS 1021, and UK Generally Accepted Practice. The functional currency of the charity 15 Sterling (£1. The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless otherwise stated in the relèvant accounting policy notelsl. 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 charitv has to fulfil conditions before becoming entitled to it or where the donor ha5 specified that the income is to be expended En a future year. Gift aid is added to the value of the donation to which it relates. Donated servlces are recognised as incorne and expenditLEre in thè financial statements when orEanisations or individuals offer their services and 5UPPOrt pro bono. The value of these donated Services to Exeter & Honiton Gospel Hall Trust 15 considered to be equal to market value which would be paid were the seNice formally procured. This includes service5 paid fc>r by other tru5t5. Investment Income is accounted for on a receivable bas15. Expenditure Expenditure Is included on an accruals basis. Liabilitie5 are recognised as soon as there is a legal or constructive obligation committing the chaiity to pay out resources. Charitable activities Comprise those costs directly attributable to the fulfilment of the charitable objects. Governance and support Costs Support costs have been allDcated between governance costs and Dther support costs. Governance costs comprise all costs involvirig the public accountability of the charity and costs related to statutory requirements. Govérnance and support costs are allocated to charitable activities on the basis of capacity used. Tangible fixed assets and dèpreciation Tan8ible fixed assets Icosting more than £3501 are stèted at cost Sess dèpreciation, Freehold land Is not depreciated. Depreciation is provided at rates calculated to write off the Cost, less estirnated residual value, of each a55et over its expetted useful life as follows.. Freehold buildings Temporary buildings Fixtures and Fittings 2% straight line 20% 5tTaiBht line IO% straight line 10
Emeter & Honlton Gospel Hall Trust Notes to the financial statements For the year ended 5 April 2024 Taxation The Trust is a registered charity and is not liable to Unlted Kingdom income or corporation tax on charitable aclivities, provided income falls within the charitable exernptions and is spent on haritable purposes. Funds The general unrestricted fund is free forthe Trustees to use for any purposes in furtherance of the trust's charitable object5. Restricted funds arise from donation5 to the trust, whith are made for a specific purpose. Restricted funds can only be used for the purpose for which fund5 were given. Preparation of consolidated financial statements The Ch2rity does not have a trading subsidièry and there 15 no requirement to prepare consolidaled accounts. 1.9 Going concern The Trustees consider that there are no material uncertainties about the charitvs ability to continue as a going concern. 1.10 Significant e5tlmate5 and judgements The trustees do not considerthat there are any SOUrS of estimation Ljncertainty at the reporting date that have a significant risk of causing a material adjuktment to the carrying amounts of assets and liabilities within the next reporting period. Trustees, remuneration and expenses No Trustee5 received any remuneration or other benefit5 from an employment with the charity and no Trustees were reimbursed for expenses12023'. Nonel. Wages and salaries There are no emplDyees12023: none). Donated Services & Grants Re¢elvedArom.' 2024 2023 las restated) Quarry Gospel Hall Trust 359,592 36,165 359,592 36,165
Exeter & Honiton Gospel Hall Trust Notes to the financial statements For the year ended 5 Aprll 2024 Donated to.. 2024 2023 las restated) ResoLsrces expended Meeti Other ng charitable rooms activitie5 Meeting Rooms Other charitab 2023 las le restated activitle 2024 Direct costs Repairs and Maintenance Insurance Rates Light and heat Washroom Supplles Health & Safety Depreciation Landscaping & Waste Audlo & Amplification Legal & Professlonal Fees Telephone Bank Charges 3,424 4,079 2,780 6,967 603 147 24,436 1,042 3,424 4,079 2,780 6,967 603 147 24,436 1,042 3,885 2,388 3,19Q) 13,468 3,8S5 2,388 3,190 13,468 1,025 17,637 640 328 4,352 711 40 1.025 17,637 640 328 4,352 711 40 620 620 60 60 Support cost5 GDvernance 44,158 44,158 47,664 47,664 12
EJ(eter & Honiton Gospel Hall Trust Notes to the flnancial 5tatÈments For the year ended 5 April 2024 Tangible fixed assets Freehold Property Property Improvemènts Furniture. fittings Total Cost Brought forward at 6 April 2023 Additions 1,315,184 339,930 1,315,184 339,930 At 5 April 2024 1,655,114 1,655,114 Depreclatlon rought fonKard at 6 April 2023 Charge for the year Impairment Disposals 69,854 24,436 69,854 24,436 At 5 April 2024 94,290 94,290 Net l)ook value At 5 April 2024 1,560,824 1,560,824 At 5 April 2023 1,245,330 1,245,330 Property Details: Land registry titles of the above pmperty held are DN637745, DN260996 and DN524093. 13
Exeter & Honiton Gospel Hall Trust Notes to the financial statements For the year ended 5 April 2024 Analysis of net assets between fund5 Cuffenl year Unrestricted Funds Restrirted Fund5 Total Funds Tangible fixed assets Current as5et5 Current liabilities 1,560,824 1906 1,560,8?4 1906 Total funds 1,562,731 1,562.731 7.2 Prioryear Unrestricted funds Restricted funds Total Funds Tangible fixed assets Current assets Current liabilitles 1,245,330 1963 1,245,330 1963 Total funds 1,247,293 1,247,293 Movement in funds Current year Reallsèd/ unrealised galns and Balance at 5 losses April 2024 Balance at 6 April 2023 Incoming resources Resources expended Restricted funds Fund A Fund DÈsignated Funds Unrestricted funds 1,247,293 359,596 144,1581 144,1581 1,562,731 Total funds 1.247,293 359,596 1,562,731 14
Exeter & Honiton Gospel Hall Trust Note5 to the financial 5tatementS For the year ended 5 April 2024 Prior year Reali5ed/ unreallsed gains and Balance at 5 losses April 2023 Balance at 6 Apr51 2022 Incomin8 resoLtrces Resources expended Restricted funds FundA Fund 8 Designated Fund5 Unrestricted funds 1,256,790 38,168 147,6641 1,247,293 Total funds 1.256.790 38,168 147,6641 1.247,293 Transactions wlth relatecl parties No related party transactions12023'. nill io. Volunteers Exeter & Honiton Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. Thè Trust ha5 no paid staff or paid Trustee5. 15
Exeter & Honlton Gospel Hall Trust Notes to the financial statements For thè year ended 5 April 2024 11. Comparatlve Statement of Financial Activitles Unrt5tricted Funds Desighated Funds Re5trlcled Funds Total Fvnds 2023 Noles Income and endDwments from.. Donotlons ondlegucles.. Contributions from the tongregarlon GiftAid donatlons Income tax refund5 Donated services Payroll glvlng LeÉacies Grants Investments Bank Interest Other Profit On sale of assets 36,L65 36,L65 2000 2000 Tetal 36,168 26,168 Expendlture on.. Churltable attlvltles Runnlng meeting rooms 47,664 47,664 C05t of donated service5 Total 47,664 47,664 Net incornellÈxpendliurel 19.497 19.497 Galnslllossesl on revaluation of fixed assets Net rnovement In lunds 19,497 19,497 Recondliation of fund5 Total htnds brought forwa 1,256,790 1,256,7 Total *unds tarrled forward 1,247,293 1.247,293 16