THE BROMWICH ROAD MISSION HALL TRUST Financlal Statements Year Ended 5 April 2025 Re£tstered charlty number: 227474
THE BROMWICH ROAD MISSION HALL TRUST Financlal Statements for the year ended 5 Aprtl 2025 Contents Pagè: Reference and admlni5tralTon detail Trustees. and Executive Committee Report Independer)t Examiners Report Statement of Ffnancial Actlvttles Balance Sheet 6-10 Notes to the Flnandal Statements Appendix Reference and admlnlstrat70n detall: Re8lsiered charliy number 227474 Address Bromwich Road. Worcester, Worcestershire, WR2 4BE Banker5 Lloyds Bank, Wortsster Bank. 4 The Cross, Worcester Branth. WRI 3PY Legal advTsers Quality S¢Aitttors Parkinson Wrtght. Haswell House, St Nicholls Street. Worcester, WR1 IUN Investment managers OJJilters. 8th Floor. Two Snowhill, Birmingham, B4 6GA Accountants BDO LLP. Two Snowhill, 8irmlngham, B4 6GA Independent examiner S Hale. Perrys Audit Limited
THE BROMWICH ROAD MISSION HALL TRUST Report uf the frustees for the year end*d S Aprll 2025 The trLSt Is goVerd by a trust deed dated 4 Aprfl 1936. TRu¥fEES The trte&S are. Mr S Gardiner Ars S Yuill MTSS G Gardfner AppoINrMEKf OF TRu¥fEES Tw5ttts are appointed frorn within the ChEFrth J5 and when existing trustees retire. The overall balan of ski115 of the exlstlng trustee botty Is taken Into conslderation when looklng io aPInt new trustees ro ensure that a wide range li Interests and professlonal expertise is available. OBJECThIES AND ACHIEVEMENTS To maintain the Bmmwlch Road Mission Hall and allow it to be used for the purposes of meeLlngs for relIoU5 education, for the carrying on of Home IAission work or to be tk%ed as a school for chlldren or adults or for meetTngs Tn connection with thè Campaigrfers Youth Organisatlon. The trustees have cDnflrme(fj that they have 8lYen consideratlon to the guldance on publlc beneflt publlshed by the Charlty Commlsslon and are satisfied that the objects of the charity conforni to the pubtTC benefit requiretrtents and that the acttvltles carrled out durfns the year t3nu¢d to ift accordance wlth the objective5 aladY Set out. ACHIEVEASENTS AIID PERFORMANCE Totsl income ex£eeded expendTture by £9,533 12024: E4,7991 before gains and losses on frwestments and fnvestment property. The portfolio, managed by Qullters, made ati tEnreaiised lass for the year of £57,857 (21f£4: £85.252) and a rea17sed ualn on the disposals of £27.168 {2024: £9251. Properties at 146-148 Bromwtch Road are held for Snvesttnent and are tarrfed at market value on the balance sheet. The propertTes were revalued on the 26 Novetnber 2025. The trusiees are satfsfied with the fTnaricial pg5Slltsn at the balance sheet date. RESERVES POLICY Given the age of the buildlng and Tts general condition the truste lieve it necessary to maintain reseryes at thelr present level tn order to be able to meet any sfgnlficant repalr or malntenance cosLs which cotsld artse. INVESTAIENTS It fs the polfcy of the charTty to Invest 5urpiu5 fu¥sds ltt a balanced FQrtlollo to achleve a capltal return. VIIthTn the year, all gaTns made on disp)sals of shares were reinvested to ensure maximum retums. Approved on behalf of the trustees on UILL roasurer Trtee
Independent Examiner's Report to the Trustees of the THE BROIAWJCH ROAD MS510N HALL TRU I report on the fTnancial statements of The Bromwtch Road Mlsslon Trust for the year ended 5 Aprll 2025 whlch ore set out on pages 4 to 10. This report fs made solely to the charitrfs trustees. as a b)dy. in accordan with Regulatlon 31 of the Charfe5 (Accounts and Rewrt51 Regulatlons 2C08. Aly work has Fxen undertakn so that I might state to the chariws trustees those matters l am required to state to them in an independent exarniner's repjrt anif for no other purpose. To the fullest extent permllted by law, I do not accept or assume responsiblllty to anyone other than the charitys tnJ5lees as a body for my work, for thfs report, or for the 5taternent I ha¥e made. Respective responsTbllitie5 of trustees and examiner The charfty's trust5 are reSInSTb1e for the preparation of the accounts. The charfiys trustees consfder that an audlt Is not required for this year undèr seciion 144(21 of the Charftle5 Act 2011 (the Charities Act) and that an Independent examinatfr>n TS needed. 11 is my resrx)nsibility". to examlne the accounts funder section 145 of the CharFtTes Act)" to follow the procedures laid down In the general Directions 8sven by the Charity Commi55ion {under Siftlon 14515)Ibl of the Charities Act)," and to state whether particular matters have come to my attention. Basls of Indepondent examlnor'5 report My examination was carrsed out Tn acCtsrdart with the general Dtrectltsfis given by the Charity Commlsslon. An examlnalion Include5 a revlew of the accountlng records kept by the chartty and a CQTnparfson of the a¢¢ounts presented wlh those record5. It atso Includes ¢onsideratlon of any unusual items or d15closure5 Tn the accounts. and seeklng explanatTons from you as trustees concertkfng any such matters. The procedures undertèkèn do not provtde all the evId2e that would be requtred In an audit and consequently no opinlon is glven as to whether the accounts present a'true and fair vieY/ and the reptsrt is l1mld to those matters sei out in the statemen¢ below. Indendent examiner's statement In connectlon with ffly exatnination. no matter has come to ffly attentlon: whlch gives me re&onable cause to belfeve that in, any material resFpct, the requlrements: to keep accourrtlng recor& in accordance wlth section 130 of the Charlties ACL. and to prepare accounts which accord wlth the accounting records and COST]ply with the accountlng requTrements of the Charilies Act have not been met. or to whfch, in my Dpinlon. attention should be drwNn In order to enable a proper understandlng of the accounts to reathed. 121 S Hale Steve Haie FCA,FCCA. on behalf of Perrys Audit Limited Churchd)wn Chambers Bordyke Tonbridge Kent TN9 1NR Date: 3.2.26
THE BROMWICH ROAD MISSION HALL TRUST Staternent of Flnanclal Actfvitles for the year ended 5 Aprfl 2025 Notes 2025 2024 Income from: Investments 51.510 45.548 Total Income 51.510 45,548 Expèndlture on Cost of generatlng funds Charitable actlvitTes Actlvities undertakerfr Support costs 23.677 23,322 17.300 16,427 Total expenditure 41,977 40,749 Net Incoming/loutgoln%) re50urcps 9,533 4,799 Gains/{10ssesJ on". Investment Assets- Realtsed Unreallsed 27.168 (57,857) 925 85,25Z 130,689} 86,177 Property Assets: Reallsed 83,000 Net rnovements In funds 61,844 90,976 Total fun& at 6 Apnl 2024 1.731.295 1.640,319 Total fun& at 5 April 2025 1.793.139 1,731.295 All of the Trust actfvities derfve from continuing operation5 In bjth ffnandal perfods. A statement of total recognised galns losses and IEicome and e.%pendltvre account Is not required as all Eains and tosse5 are included In the statement of financlal aclivitles. The notes on pages 6 to 10 forni part of these financial statements. Approved by the trustees and authorfsed for Issue ¢n and slgned on their bohalf by S Yulll Treasurer
THE BROMWICH ROAD MISSION HALL TRUST Balance Sheet as at 5 April 2025 Note5 2025 2024 FIXED ASSETS Freehold land and pmperty InvestfTtents Investment PrOrtIeS 123,716 1,133,178 503,000 1,759,954 127,801 1,148,294 420.¢X 1,696,095 CURREKf ASSET) Debtors Cash at bank and In hand 10 1.119 39.904 41.OZ3 1,098 41,061 42,159 CURRENT UABILrriES Creditor5 17.838) {6,959) NET CURRENT ASSETS 33.185 35,2ffl TOTAL ASS5 1,793,139 1,731,295 ACCUMULATED FUNDS Unrestricted 1,793.139 1,731,295 The note5 on pages 6 to 10 form part of these flnandal Siaiements. Ap[ed by the trustees and authorf5ed for Issue on and STgned on thetr behalf by /TlsUrer
THE BROMWICH ROAD MISSION HALL TRUST Nrtes to the financial statements for th• y*ar ended 5 Aprll 2025 1 ACCOUNTING POLiaES The finartlal statements have been prepared 1¢7 accordance with appllcable law and Unfted Kinsdom Accouotlns Standards Iunltsd Kingdom Generally Accepted Accountlng Prncticel and comply with the Statement of Recommended Practice ISORPI Accounting and Reporting by awities FRS 102 effective from January 2015. The Financial Statements are prepared under historical cost conventian. Judsments in applyins accntIng polleles and keysources of estFmotlon uncertolnty In preparing these flnanclal rtatements. the Trustees and Directors have made judgements, the detai15 of vthlch are Included in the foltowtng accounting polTdes. Freehold lond ttnd property The Mission Hall and School Hall aré carried at valuation together with subsequent improverneftts at cost and are depreciated overtheir estirnated useful life at 2% perannum using the straight-line ba515. The LndeveloFed tand Is Jlot dppreclated and Is carrled at market Yaiue in 1980 together with Subseqnt improvements at cost. Thls property 15 mafntsined to a sufficient standard so as to maintain its resSdual value and therefore renderany depreciation TmmaterSal. The trustees clmse to capitalise all item5 which are capTtal by natuie regardie55 of value. Inyestment propertles Investment properties are Included In the balance Sheet at theTr faTr value In accordance with the FRS 102 and are not depreclated. Investments The Ilsted investsnents are revalued annually to market valuè. Unrealised sains or losses on quoted investrnents are the difference between th? market value of the Investsnents at the yeai end and their rnarket value at the previous year end or c05t of investment for purchases made in the year. Re8lised gains are the dlffeience belween proceed5 rec¢ived and the market value at the previou5 year end or cost of Investfflent for purchases made dwing the year. Incuniny resources Income from bank deposits is accounted for on the accrua15 basf5. Dividends aro accounted for cr the date they become due for payment. Rént recelvabie Is recognfsed by referen to the period to whlch the rent reEates. Where Income Is received for purposes speclfied by the donor or by thp term5 of appeal under which 11 was ra15. that Tncorne is shovm as restrirted in the Statement of FlnanciaLActivittes. ExFendlture for the specified purposes Is showTk a5 restricted fund expenditrJre. Any tTrnexpended balances at the ba[an Sheet date are carried found as restricted fur5d5. Resources expended Expenditure on charltable actlvlties consists of the direct runnlng and malntenance costs of the properlies. Governance costs cons15t gf admin15tratfon costs and costs whlch are Thncurred in order for the charity to comply with staitstory ieqts5rements. Going Concern The trustee5 conslder that there are no rnaterial Urrta1nt1eS a1ut the abllity to contlnue as a golng concem.
THE BROMWICH ROAD MISSION HALL TRUST Notes to the financ£al statements for th* year ended 5 Aprll 2025 2 INCOME FROM INVESThlEtrrrs 2025 2024 Rent recelvable Dlwdend5 Bank Interest 21.387 29,820 303 19.920 25.151 477 51.510 45,548 3 COST OF GENERATING FUNDS 20Z5 2024 Property management fees Repairs and renewals Inve5tsnent management costs 3.740 5.172 14,765 2,868 8.017 12,437 23.677 4 CHARITABLE AcfivbTIES A¢tfvitièS Undertaken Directly (seè note 5) Support Cost5 (see note 61 Total 2025 Total 2024 General Charltable PurFoses 1.000 17.300 18,300 17,427 5 GK4NTS PAID OR PAYABLE Registed Charity No. 2025 2024 Worcester Foodbank 1128121 1.000 l.QOO
THE BROMWICH ROAD MISSION HALL TRUST Notes to the finaftdal staremerts for the year ended 5 April 2025 6 EXPEMDITURE ON CHARITA8LE AcrNmES 2025 2024 Watèr rates and Insurance Energy C05t CouncTI rates Minlsterial costs Depreciation INote 71 Accountancy fee5- fTrclud3ng independentexamlner5 fees of £1.22912024: £1.1401 795 639 16 7.920 4.025 7.920 4,025 4.536 3.843 17.300 16.427 7 FREEHOLD LAND AND PROPERTY Freehold tand 8nd property on Bromwich Road CompIllS: Uttdeyeloped land & garage Mission Hall School Hall Total Costlvaluation At 6 Aprfl 20Z4 166.232 35.000 13.000 214,232 At 5 April 2025 166.232 35.000 13.000 214,232 DepreciatTon At 6 ApiTI 2024 Charge for year At 5 April 2025 66.831 19,600 86.431 3,325 70,156 700 4.025 20.300 90,456 Net Bgok Value At 5 April 2025 At 6 Aprtl 2024 96,076 14.71JQ 13.01 123.776 99.401 15,400 13,OLh) 127,801 CostlValtEation Valuati<xTr 1980 lrnprovements at cost 166.232 35.1)QO 13,OLK) 214,232 166.231 35.000 13.0 214.232 The properties, above. are carrted at 1980 valuatic plus SSeqUent ImpriwemeNrs at C05t less accurnutated depreciation. A valuation of Mission Hall was conducted on 15 March 2013- this showed a current valuallon of £325.OIXTr as pmduced by Paul vfinter & Co. Thls has been dlscbsed by the trustees to hlghliEht the materlal dlfference between the carrwng value and falr value of the a55eL
THE BROMWICH ROAD MISSION HALL TRUST Notes to the flnandal statements for the year ended 5 Aprll 2025 8 INVESTMEiirs 2025 2024 Valuation Brought forward as at 6 Aprll 2024 AddTtions Dlsposals Uftreallsed galnslllosse51 Reallsed galnslllosses) Carrled forward as at 5 April 2025 1.096,823 189.854 {162,4701 (57.857} 27.168 949,649 146.007 185.010 85.252 25 1,093.518 1.096.823 Unknvested ce5h capital 39,660 51,471 Total Inyestrnents q.133,178 1,148,294 Included in inyestments are the following significant inve5trnentS Tn excess of 5% of the total of ptsrifolio v41ue for each year. 2025 2024 HSBC ETFS PIC S&P 51XI UCITS Schroder Intemational Selection Fd US Large Cap X GBP Dis Unlted Klngdom (Government on 0.875% Snr Bds 2211012029 86,514 96,155 54,897 88.949 97.316 15,288 The market value of tho inve5tsnents comprTr5e5= 20Z5 2024 Ltsted securitles- UK LTSted securlties- Overseas 719,041 374,477 952,766 144.057 Total Ilsted securiLie5 1.093,518 1,096.823 Cash held on dep05ft at the ld manager5 39.660 51.471 1,133,178 1.148.294 Cottages 146.148 BromwEch Road 9 INVESTMEHT PROPERTY Total Brought fOard as at 6 Aprll 2024 Revaluati* durtng the year 420.000 83,000 420.QiX7 503.000 420,0(Y)
THE BROMWICH ROAD MISSION HALL TRUST Notes to the flnandal statements for the year ended 5 Aprll 2025 10 DErfoRS 2025 2024 PrepaytE*nts and accrued IncorTre 1.119 1,098 11 CREDOR5 2025 2024 Amals 7.838 6,959 12 FINANCIAL INSTRUMENTS 2025 2024 Flnandal assèts Cash and cath equlvalents Financial assets that are debt instruments measured at amortised cost 39.904 41.061 1.119 1,098 41.023 42,159 Financtal Ilabllittes Financial 17abilities measured at amartTsed cost (7,8381 16,9591 FinancTal assets measUd al amortised cost comprise prepayrnents. accrued Income and rent artear5. Flnancial Ifabilities measured at amorti5ed c051 cornprise accwals. 3 TRANsAcfioNS WETH THE TRUffEES The tntstees did not rece5ve any remuneratlon or benefits during the year tL024-. £NIII were any expenses relbUrsed to them durtng the year12024: CNill. 14 RELATED PARTY TRANsAloN5 There have beets llo transaction5 wfth persons or entltfes that are c105ely connected to £harlty or its trustees t2024- nonel.