BRAttHII".4ttE GOSPEL TRL,ST FINAh'CIAL STATEMEYfS S APRIL 2024 Coq•d & Co LLP Ck*rteTed I Prl*¢ts Co#rt Wa IADgkborollg Lelcs LEII 5XR Tel= •1509 214163 REPORT AND FINANCIAL ￿ATEMEy￿s FOR THE ENDED 5.4PRIL 2• 12 cnded 5 Awil ?024. REPORTOF THE TRL,SfEKS FOR THE YEAR EYDED 5 APRIL 2024 clwiiits prqw accounts in accordTrrwith the Rwtin8 StsThlwd appliLxble LIK and RwublTe of belalld (FRS IL?) (cffcctiye l#Jaw2015}. Objeetivu and Aimj The (thjects of the cbarity a5 setoutiN th T¥u5t Deed a￿. (8} the advar￿¢￿￿￿Of religi(K) Ibl rdief of tA)% {c} the adiancement of education In L¥Thingout adivities in furthe￿ Orth￿Obj¢Ct￿ the Tn&e¢s hai'e had r¢g8rd to the guida￿¢ issued bv the Charity Cornm1￿10n on public benefiL As a charirythtt mainlyprowides hostel facilities for theuse ofotheEchaTities, and organisal?ons, the Brdithvrnite Go4KI Tn]st has a dutv to cn5ure tI￿t faciliiiLS arc Thithin th ains of thc Tr￿￿1 Decd. Thc Braithw7itc Gowl Tntsi is continuing to tNd thith.sc ot1KTch￿Itil￿ ￿0up$ aTwJ OTEanI5￿1Ons ￿ allom usc of the fa¢ilil?cs b) nwiy drE￿￿1[￿tionS of the Christian f*"dL The nature of aclii?ties uNicnkn ￿ the facilitics allmi. Tuany ind11,￿u815 tLI ¥ain knO￿ledge and wKItt￿1nE of the ChTiS¢ian faith aTwJ also 10 enjov open rountr)side for ththr recjyaiional use. During a n(Trrnd yedr oi'er ird1wd￿ abk 10 partake in # of•£tttL Tr facilities are available to all ￿sIt V4ith Christian led oreaDis The Ilrdithmqile Gospel Tn￿ vaTiouspropcrties bell¥ u5td on a pCrnW￿ Eqsi5 by ¢Jtherclwitie$ and therefore bmadeos the effeaiveue&s ofAtsasstts wots'wthlit arns. 77* Othertl￿it¢es are." Styth¢rn Lodge Dove Cottage Day H05pice The Faith Mission The Vauey Cbris¢i¥n Feuowshll) The EX)irCottage TearrA￿ll aodcknty. slx The Brdithwaite Gospel T￿￿ c4)DtiDue5 to ￿S]5¢ ruw￿laI￿OIMI Othe￿￿￿. I￿} CbriAian indi%idual& griyups aT¥J ¢hurthes to thuble Tnany to gain spm1￿[ and phy5itsl respile. ACHIEVEMENf PERFOILMAliCE The main a¢hievements yt•r etyjedto ts 5th April 2024 were: (a) coniinuillg to cumi Health & Safw regukni Ibl a building ran a¢comDKth wy ￿ 70 pwlt (seif-¢*fiDg}. BRAIT7111'ArrE GOSPEL TRLST REVORT OF THE TRLTSTEES FOR THE YLIR ENDED 5 APRIL 2024 ACIUEVEUL.￿￿￿D PERFOILMA14CE (coYfLI%UED) ch￿ble Adivfjttes (CothtittMd} cbariiies. FLNLNCLIL REIIEW Prlthtipal Futtding Sourtes 5th April 2024 S￿1 thc Isscts and liabilitics as at that datc. Thcrc Thrrr nct resourc￿ forthc yw of £945212023: £25257). We ioteud to ljold acash 1¢5¢tvc of £25IW. ThvTTu& own55ignificJnt13lldwhTth could 501d oEboTwowed againsl to STRucfuRÈ GOVERNANCE WAGEMEh GDYernizg Documellt The Charity is co￿11￿￿￿ a In￿ deed da*d IA November 1971. Rith the Tnjsi Deaj ofAmenthnent daied *h July 2015. The Tnjstres aft for kn1d0￿ theopithl oftt* TEU5t fitsMI aThl 4ylying li for the objects of the TnLSt. RvTritme4t and Appthtu*mt of NewTrwtees lal to appnM¢h indiiith]als WA￿ hav¢ a p*ts¢ular in¢¢tC* iti seeingthat the objerfs of the Itust ¢aTTied OUL" {cl to give a poteDiia] trustee the ￿CeSsary information regardiog rqM￿l)il1ileS thal a ￿￿￿LTc0￿I￿￿FCd p#rt of iThlcpctht examination. D R GradoTh MA FCA CoLUtd & Co LLP I Ptinces Court Royal Way LEII 5XR 10 (knlxr2024 BRAITHW'ATTE GOSPEL TRiigr FOR THE YEAR LNTIED 5 APRIL 21124 2024 2024 2024 Totsl 2023 Total I%COVE AND EYD01ITr1Th75 FROM Dot￿10￿$ and legacies 44071 43281 8847 52918 47281 40965 42170 6916 6916 6564 13960 tnsurance C13im 103115 103659 EXPEYDITLIIE O Raissn% Funds 2535 2535 2602 Charf¢*blt A¢lhltie5: Staff Ci AdJnini5trdtion &s-tabl].￿hM¢nI Equipment Cosls Gifts and IA)natioL8 25844 4024 57660 24605 3221 44325 49 4024 57060 Totsl 84816 93663 78402 NET INCOMEJ(EXPENDrtURE) 9452 IM52 25257 Net D￿veMent in funds 9452 9452 25257 RECOliCILIATION' OF FUNDS T•tsl brnryht lorw•rd 2964295 2964?95 2939038 TOTAL FUryDS CARRtED FORW'ARD 2973747 2973747 2964295 BAL4NCE SHEET AS AT 5 APRIL 2•24 2024 2024 2024 2023 Total Funds FfxED ASSETS Tanjble.4s5ets 1252103 1&49508 1252103 1659508 125?10.1 1&5¢J988 2911611 2911611 29121J91 Dcblors Cash at and in HaThJ 428 66103 42111 66103 1977 55464 70384 70384 57441 CREDITORS 8248 8248 5237 62136 62136 52204 TOTAL LSSETS LESS CURS￿¥[ LL4BILtnES )7J747 2973747 2964295 REDIT A￿￿￿￿tS fall￿8 aftcr than year NET ASSE 2973747 2973747 2964295 Ur￿estriCted Funds Re5trici41 Fu 10 10 2973747 2973747 2964295 TOTAL FUNDS 2973747 2973747 2964295 The FiJJ8llci81 Swe0￿ on pagts 6 w 10 were approved bythe B03rd ofTnLQees on 10 (ktober 2024 aT¥J Signed oo their ￿half by.. Mr J L E Je&son-Tn]stee MrP Ct05by- Tru5*e OTES TO THE FLXLWCIALST.4TLiILYfs FOR THE YEAR 5 APRIL 2024 ACCOU￿[ The chan.ty ￿1￿%11￿￿eS a public ljenefii athIty&4defi￿d by<S 102. T￿￿e finaoml statywLS ￿ve been prepared Republic ori￿land Tsxrd in (ktober 2019. ￿ Ftnancial Rqkming Strrklard applicablc in thc Unilryj Kingdom ar Republic ofl¥el8nd (FRS 102), th Ctsrities Act 20113nd UK Genaajly Acrcpted Accounting Prd¢UCe. Assets 2nd liabilities are iniliall>"Rcogniscd at histi￿]cal or %?lu¢ ￿1£5$ other4Fise S￿ed in the Tclei'anl accouMin8 ￿lic).￿O[e and the fmancial stsienKnts are prepared on a goin8 conccrn basi5. The fiEWICi81 stakjllents are pryfftl in stetlm& whi¢b is the firJ2Dcial currency of thc charity aTMI rouDdcd io the £1. policies have been consistentlyapplicd ￿ all PTtsfft￿¢d ut)less otherwise wted. b) Fwjd Acco Undcstgnatcd general ftthds a￿Unre$ll1¢¢erf Tr4Ji¢h are ￿￿lIable for use at the discrction ofthe thLSttt5 in rthertsnce of Ihe genernl obj¢¢tives of the chariry and 7Athich hayc bcen d&sig￿led for other purposes. Restric*d are vA]ich arE to be in XCOTdanLT V4ith specific TrStrirfion5 inwed by donors or vthich have been taised bi. thc clwThty ￿￿rticUlarp￿pOSt$. Theaim ofeach rewi¢ied fund is set out in the notes to the c) Jncomin Co1￿1¢10￿5 habe t￿1 tWL thE tall li is probable thai the irthme Iiill rrfeivd. No amowi 1$ incllldLyI in thc rtnanchaj staienmts for v0h￿trtr in line with SORP IFRS102). LiabilÈtÈe5 aTf ￿c0S￿l$ed as £T￿M￿"t￿re as SODn as tkn is a legal orCoD5￿ll"¢ obligaiion committing the cknty to expenditw< is probable that settlement whll be required and the amount of the obligation caD be Measl￿ed rel]ably. .411 exT￿lll￿ is for0llanaccn￿IS basis. Grdnts payable Ire ID tr yearThkn tkoffer is m¥Jeexcept in tIMJse cag5 where the offcr is co[￿lI10￿al. such grants being rt¢ogt)ised as expenditure kn thE conditi￿￿ attxhed arc fidfiltaL le FIxed.4￿5 aTwJ Depreciation isprovvjrd ttTatE5 ¢thuW to MTi* off the com I￿ Tesidual value of &ssct over itsexpected eful lifr as follov4B: EqUIpn￿ 125•/* ORCOSt These assets have and wryu k r¢8￿1￿ a high swthrd aThl thudore ally depreciation charge FI￿ULd rquiremmts ofFRS 102. BRArtHM"AJTE COSPEL TRLTST OTLS TO THE FL%.L%CL4L ￿ATEmE￿7s FOR ThE YLIR L*I>ED 5 APRIL 2024 INVESTX4ENT J ME 202 43150 42039 131 Wayk*vc 43281 42170 RAISIP4(i FUNDS 2024 2023 Rent Collection 2535 2602 TRusfEES' REMUNERATION AND BENEFtrs Th£re ￿TTe InLsi¢es' ￿￿￿￿orother bettfits for th )wr e&led 5 April 2024 (2023: £Dil) There InL*e5' expen5cs paid for the ycaraKlrA 5 Awil 2024 (2023: £ml). Any is$￿ that arose during di￿1￿ crtsted a conft1￿ of iDtere5t frran). tru5ttt(s) dis¢ussed and d¢cid¢d upon with thc tr￿￿C£(sI beitig absthL The &pptopriaie in(orn￿l00 e.& eStIll￿1￿qU0les were given due to the Tnjst ai eosts of £25473 (2023.. £14818). The WO￿ Ca￿1ed out by Mr Jesson dLrin8 thc ycar as a building and ]nainteoance contr8ctor wys coLsid¢red b)'the truO¢¢sto be 50Tne 150kn to ?Ir/. Itss than othcr contrdLiors. The work carried out %7ried ÉD naDJreaT¥J nCe￿ do]￿LT iUUEKdwtrly. ltt son* csses the work tequired it)stsni on-sik dctision makiTr8 that Iwl the best iDtereLs of ￿ Trust in ￿illd th¢refore ¢osts were kept to a minimthn. STAFF COSTS 2024 2023 OTFS TO THE FLY.&NCIAL STATEIIEh7S FOR THE YE4R LYDED 5 APRIL 2024 TANGIBLE FIXED ￿￿.Ts Fred￿ld Totsls COST At 6 Apnl 21J23 Adth"tions in the year 1252103 42362 1294465 As at 5 April 2(r24 1252103 42362 1294465 DEPRECIATION At 6 April 2023 Clwe fory￿r 42362 42362 At 5 April 2024 42362 42362 NFf B(M)K VALUE At 5 April 2024 1252103 1252103 At 5 April 2023 1252103 1252103 SOCIAL INVESTMI EKrs TotsEs Pi4RKET VALUE Ai 6 April 2023 Dispo￿lS 22540 {480) 1637448 1659988 (41to) As at 5 April 2024 221KAI 1637448 1659508 NET B(X>K VALUE At 5 April 2024 1637448 165950% At 5 Awil 2023 22540 1637448 1659988 InveStmeE￿ have been 5th*d at value as at 5 April 2024 in Xc0rd￿ th the pro￿$10n5 ofthe Swen*nt of Ke¢Omn￿ Pr2Cttte on Atcottrtting bj CF&rities IFRS 102). Ini.estMe￿ pmperties largely re&4Trnably slatt¢L io- IIOTLS TO THE FLYLITCIAL sfATEMEhTS FOR THE YEAR L¥DED 5 APRIL 2024 DEBTOILS: AMOUNTS FALL . 2024 3177 1104 1402 575 4281 1977 REDrr Oll￿s FALLING DUF. WTfH 2024 2013 Tradecr￿1110Ts s[￿5 956 1833 923 2481 OthcrCrcditOf5 8248 5237 10 TATEMENT 2023 ￿ltU[e Trdnsfers 2024 Uthrestri¢led Funds Restricted FUEMIS 2964295 94268 8847 {84816) 1¥¥471 2973747 Totsl Funds 2964295 103115 {93663} 2973747 B￿wd at CTrwd at 2024 allei Ckni#ith Fello￿￿1P {8847} 8847 (8847 BKifriiwAITE G(KSPEL TRITST OTES TO THE F￿￿NCIAL STATEME*ryS FOR THE TrEIR LWDED S APRIL 2(124 F hEf kSSETS BETWFEN FLTND Total Funds Fbxed Assets Current A55cts Cutreot Li3biliiies 2911611 70384 {82481 291161 70384 {8248) Totsl Net A55ets 2973747 2973747 Fund balances at 5 April 2023 arerepresen*d by. Fixed Assets Cuntnt Assets Current Liabiliii¢5 2912iWI 57441 (5237) 2912091 57441 (523n Tothl Nct kn¢ts 2964295 2964295 12- BRA￿lI￿VA￿E COSPEL TRITST COME Dona Ds*ndl tios 44071 Rents received Was4eav¢ 43150 42039 43281 42170 JELSU￿nrc ClaiT Reuewable He• JweDtive 13960 6564 6916 Totsl Incomljg Reso¥rces 103115 103659 EXPENDITURE InYestThent an RtDt Collection mtnt Costs 2535 2602 Charlt41bk A¢llvS¢ks Wage5 Employee Expen5&S Rkt&% and Water Insurdnre L3gh( aJMJ Heat TeleptN)ne Postage and Stattottry Cleaning 25273 880 4470 4258 7935 345 345 24070 715 6130 4661 658 282 3441 25928 36957 Gifis aEMI lknalions Dq>reciation of TaD8ible fixcd A55cts 49 88103 73699 Governance Costs P¢zLSSOllS 571 2454 535 1566 3025 2101 TotHI Resources Expended 93663 78402 l¥£¢ 9452 25257