LLP FILE (>P y BRAITHWArrE GOSPEL TRUST FLYANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRtL 2025 REGISTERED CHARJTY NUMBER: 263644 Coulld &. Co LJ.P Chartered Accounl4nts I Collri R(J)'al Il'ai i21)0T0uEh IRirs LEII 5XR Ttl: 015 2141
BRAITHIYAITE GOSPEL TRUST REP()RT AND FINANCIAL STATENIEN15 FOR THE IT.AR ENDED 5 APRtL 2025 CONTENTS Reportof the Trustees IndepetthTLI Examinets. Rep Staiemcni olFinancial AciiYitie5 Balance Sheei Notts forniing part of the financial statements. 12 tktailed stamen1 of FJnancia] Adiviti&q foi the year ended 5 April 21)25.
BRAITHIVAITE GOSPEL TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED >,tPRIL 20?5 The Tn]stees preseni their retth with the financial steMeMS of the ch7, foithe yeat ended 5th April 2025. The Trll%tcc% hdve adopted the provisions olAccounting a1 Reporting by Charities". Suiemtnt o(Recofftmended Praciice applicable to Charilies PTep2ring a¢coutTrts in w>rdance Hith the Financial Rerffjjng Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeciiye Isi Jartuarj. 20151. OBJE'Es AND AcrivlEs Objective5 and Airns The objects ofthe chariry a5 Set out in De arc". (al IhE advattcetnent of religion (bl Ihe re]ief ofpoverty Icl the advancement of education In Carrying out a¢iivilies in furthcrdnet of thcsc objects. Trustees have hwj regard to the guidancc issued by the Charity Commission on publat benefit. Si2nific&nt ACtitieS As a chariry that mainly provides ho8iel facilitie5. Ststhetn Lodge. fw the llse of other charities, grOll dnd ()Tg8nisaiions, the Braiihwaite. GOSFI Trusi has a duty io engu thai tht facilitie5 are used within the aiffls of Ehe Trnst Deed. The Brd1thwal Gospel Trusi is coniinuing lo ass151 and sobsidise other charitjLS, oroijp% and organisalion5 lo allow use of the facilities by many denominations of the Christian faith. The naiure of acliviiies undertaken at thc facilities allow many individuals io gain knowledgt and undet5tsnding ol the Chrisiian faith and also to enjoy on countrysidc lor their recreational use. During a Thortrlal year over one ihtyjsand individuals are able partakc in a wide variety of evenrs. The facilitie% are 2vailable to all who visii Chrislian led organisaiiws. The Braithwaiie Gospel Tnjsi owns various properties uscd on & FTMancnt basis by otherchariiies and therefore broadeD4 the effectivene&s of its %¢ts to othei public benefji, areas. The otr¢hatIeS are". Dovc Cottage Day Hi>spiec (charity number 10579411 The Faith Mission (charity nuTnlKT SC(M)51191 The Valley Chri81ian F¢llow%hip (charity number 11477201 The Braithwaiie Gospel Tru continues io Lssisi. financially and othen44se. ltta] Christian individua]s, groups and churches io cnablc many Lo gain spirilval. emoiional and physical ryite. ACHIEVEMENT AND PERFORMAINCE Charitsble Aetiyiti The main achievemertts during the yearended ttsthe 5th A]wil 2025 were: la) continuirtg to meet eurrentHealth and Safety regiilatlons. Ibl maint2ining a building thaLean accotnm(NJate up to 70 people lself4aiering}.
BRAtTHW.41TE GOSPEL TRUST REPORT OF THE TRUSTEES FOR THE IAR ENDED 5 APRIL 2025 ACHIEVEMENT AND PERFORMknYCE ICONllNUEDI CharSlablÈ A¢tlvities IConiiDuedl {¢) maintaining our ¢tr pft)perties for continuing use by other charities. including upjating long tem) leases with those charities. FtNANCIAL REVtEW Principal FulldiDg Sources The siaiement of financial aciiviiies on page 5 and the ba]aTKe Sheet on page 6 refieth the transactions for the year ended 5rh April 2025 and Ihe assets and liabilities as at that dt. The were nei ov(going resource5 for ihe year of £5.37412024.. Surplus £94521. Reserves Policv Wc iDtend to hold a cash reserye 01£25.IXKI. The Trum owns $ignif¥cant land h]ch could be sold or tM>rrowed again%t to tover most unforesttable. Worst-cl enarioS. STRUCIURE GOVERNANCE AND MANAGEhlENT Governing Document Thc Charity is controlled by ils goveming d(otment, 2 Erll deed, aTKI cOTlIu1Cs uthin¢orporated ehariry. The Chatiiy is consiituied u]xicra ttus¢ deed dad Isi Novemlxr 1971. a]ong wkth the Ttubt Deed ofAmefidmenl dated 9th Jllly 2015. The Trnsiees ajy responsible for holdÉng the rdpital and iKoTnc of theTwsi fuMI and applying li for the objects of the The Trllsiees who 5erv¢d during the yearaTE outon page 3. Recruitrnent AndAppointment of New Trusttts The meih(xJs adopied for the re¢rui¢meni and 4)W)it)tment of new tnJMces are.. la} to approach itldividuals who have a particular iniercsi in seeiny that t objects ol the are carrled out., Ibl iooc¢asiona]ly advertise a trustee w)giti(bn wentsal trllsteLs by word ol mouth: lel to give a poMtia] trslee the tc&Sary infomiioo regarding resrM)nsibiliti&s io assisL in their decision ITh becoming a
BRAETHII'AITE COSPEL TRUST REPORT OF THE TRUSTEES FOR THE IEAR ENDED 5 APRtL 2025 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity 263644 Principal Addrtss Dove Cotlage Canal Lane Siaihe L elton Mowbrdy Leicestershire LE144EX Trustee5 MrJ L E Jesson fvfr P Cio%by IChair} Mr.M For(1 MT9 G Sandhu Mr 13 Jlaguley Independent Examiner D R Gradon Cound and Co LLP Chartered Accountants Prince5 Court Ray21 Way Loll8hborough izieq. LEII 5XR SolicitOTS Ro>'ihornc% Lid Enterprise Way Pinchbeck Spalding Lincolnshire PEII 3YR Bankers HSBC UK PIC 17 High Streei Melton Mowbray Leic¢51ershir LE13 iyry Approved by order of the Board oftru5ttts on 8 octoir 2025 and signed on khalf of theTNsiees by.. J L E Jess0Th
INDEPENDENT EXAMINER'S REIX)RT TO THE TRUSIEES OF Bk41THWAITE GOSPEL TRUST I report to the charity .%ree$ on my examinaiion of the llnts of the chan.iy for the year cndcd 5 April 202.5. which a set out on Pae$ 6 10 13. ResponslbÈlitits and basi5 ofreport A% thc charitv's rrusiees you a resp(KTrsible for the of the accounts in XCOTdancc with the requirements of the Charities Aci 2011 I'tht A¢t'l. I rerK>rt in SpeCt of my exaThination of the cltariiy's accounts carried out under section 145 of the Aa and in carrying oui my examination I have followed all thc dpplicablt Direction% Ven by the ChaTit! Commission under se¢tion 14i15llb} of the Act. Independent examinets. siattment I have completed my examination. I confinn rK> mala1 matters have come my attention in connection with the examinaiion givinu Jlle to believe ihai in any marerial re-wi.. 11 accounting record5 were lloi kept in reScl of the chariiy as required by wtion 130 of thc ACL or 21 the accounts do not accord with tho.r rccords. or 31 Ihe accounts do not cntnply with ihe applicable requiTenrnts concerninn rhe form and conient of accounts sei out in the Charities (Accounts and Re[s} Regulauons 2(M)8 other than an) requirement thai the accounts gil'e a 'tNc and fair vieiv, which i% not 2 matter con%idtred as part of an independent examination. I hav¢ no concern5 aJ)d have COTne across no oiher matrtrs in cOnr[lOn with theexaminaiiotl 10 which attention should be drawn in this report in order to enable a proFr understanding of the accounts io Et re8ched. D R Gradon MA FCA Cound & Co LLP Chanered ACCOUnLts I Princes Court Royal Way Loughborough L¢iG LEI15XR 8 O¢tober 2025
BRArrEIIIAITE GOSPEL TRUST srA TEMEKf OF FIN.4NCLIL AcfiviTIES FOR THE YEAR ENDED i APRIL 2025 2025 UnSInc[ed Fund 2025 Rcstritied Fund5 2025 Toial Funds 2024 Total Funds INCOME AND F.NDOWMEt+TIS FROM Donaiions and legacics Lnve8tment l]JcoTne Renewable Heat Incentive 37570 43287 9201 46771 43287 52918 43281 6916 Total 51 9201 96705 103115 EXPENDITURE ON Raising lunds 2535 2535 2535 Charffttable Activitie5: Staff Costs Administration Esidblishtnent Gifts and Donations 18273 3340 65130 9201 27474 25844 4024 57660 36(M) 65130 T(btal 92 9201 102079 93663 NET tNCOMFIIEXPENDJTURE) 15374} (5374) 9452 Ntt movement in ftsnds (53741 (53741 9452 RECONCILIATION OF FUNDS Total funds brou%h¢ ronrd 2973747 2973747 2964295 TOTAI. FUNDS CARRIED FORM'ARD 2968373 2968373 2973747
BRAITHWAITE GOSPEL TRUST BALANCF. sHEr A.S AT S APRIL 2025 2025 2025 Resiricled Fund 2025 Total 2024 Total Funds Unresiricted Funds N¢ Tangible AsStts Social Investments 1252103 1659188 1252103 1659188 1252103 1659508 2911188 2911291 2911611 CURRENT ASSETS Debior8 Cash ai Bank and in Hand 34 5i(A6 9034 53646 4281 66103 626) 62680 70384 REDIT AmounL* llllltng due within one year 5598 5598 8248 57082 57082 62136 TOTAL ASSETS LESS CURRLIABILrrlES 2968373 2968373 2973747 CREDrroRS Amounts falling due after more than one y& NET ASSETS 2968373 2968373 2973747 Unrestricted Fundi Reslricled fiinds io 10 2968373 2968373 2973747 TOTAL FUNDS 2908373 2968373 2973747 The Financial st3Ments ¢)n pges 6 to 10 were approved by the Board of TTusiees on 8 (ktober 225 al signcd ott their behalf by.. .0 -f_ Mr J L E 5tssott- Trustee Mr P Crosby- TN%tee
BRAlTHwAE GOSPEL TRUST NOTES TO THE FINANCtAL STATEhlENfs FOR THE YEAR ENDED 5 APRII. 2015 ACCO G POLJCIES al B&si% of Pre aration of Financial SwemcnL The charity consiItuies a pllblie benefit eniiiy as defined by fRS 102. These fjnancial statemenis hai'e been prepared In actordante th Ateallntjng and Reporting by Chariiils". Ststement ol Recommcndcd Praciicc applicable to charities preparing their a¢counis in a¢¢ordantt wilh the Finan¢ial Reporting Standard 2pplicable in Ihc UK and Republic of Irclartd i&%ued in Ociober2019. Financial R478 sidard dpplicable in the Uniied Kingdom and Republic of Ireland {FRS 1021. the Charities Aa ?01 l atMI UK Generally Accepted Accounting Praciice. A%sets and liabilitie% are iniiially recogn2£ed at historical cost or rransaciional i'aiue unles5 otheN'ise siaied in the relevant ac¢ounling tK)li¢y notc and ihe financial statements are prepared 00 a going toncern b&sis. Thc financial statcment8 are prepared in %ierling. which is the financial currency of the charÉty and tour)ded 10 Ihe oearest £1. The significant accounting policies applied tn the wep3TatTh of these financial stamenL$ arc %ci oui below. These policies have been ¢onsistenily applied 10 all years pr£%ented otherwisc sthied. bl Fund Accountin Undesignated general funds are unrestricted fiinds whith are available for Se at the discretion of the iNstees in furttlerancc of the general objectives of the chari(y and which have not been designated for other purtK>scs. Eiestricted funds are futt(]s which ¥Je io be used in a¢cordaD¢e wtth spxific resrrictions iM$¢d by donoT& or which have been raised by the charity for parricular pul. The al of exh rEstri¢d lund is sei oui in the notes to the financial slatemenLg. ¢1 Ineomin Resources All incotning sOur5 are Included In tht SOFA when the charity is legall). eniiTled io the income after performance conditions have been met. the amount can he me&%ured reL%onablJ atyj il is probable Ihat the income will bc rcccivcd. No amount is included in ihe finan¢i&il sthiements for volunieer lime in liThe with SORP (FRS1021. dl Re.wurces Ex nded Liabi12ties aTt recogni8 expenditute as as there is a kgaj or consthicuve obligaiion committing the ¢harity to thai expendiiure. li ig piobable th settlement ill requi]Ed and thc anx)uni of the ob12gaiion can k Jneasured reliably. All expendiluie is a¢¢ouThied foron an a¢¢rllals basis. Granis payable are ihar£ed in the year when the offer is Tnade excq)i in th cases whete the olTer is condilional. such grant% being recognised as expenditure when the condiiions attached aTe folfilled. ible Fjxed A%ers and De iaiion Ikpieciaiion is provided at cal¢ulaied to wri* off the cost le&$ r£%idllal valuc of cach asset over its ex1cd usclul life as follows.. Freehold Prot EquipTnent noi provided 12.5% on co No depreciation has been provided for on freehold land and buildings. ThGse a&sel4 have and will IK gulaY wTraintsined 10 3 high and therefore any depreciation charge would be immaterial. They are subje¢t to impaimlent leWS ai the end of each reportin8 period in accordance with ihc requiremenT5 of FRS 102. Taxatio The Charity is exempt froTll on its ¢haTitable adtYib¢S.
BRAITHWArrE GOSPEL TRUST NOTKS TO THE FANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRtL 2025 NVESTMEwr tNCOMF. 2025 2024 RenL4 recesved Wayleave 43150 137 43150 43287 43281 RATStNG FUNDS Invesimeni Mdrtagementcosts 2025 2024 Reni Collection 2535 2535 TRUSTEES, REMUmflONi AND BENEFs There were no trllMeLs' remllE)ettOtt orother nefItS for th year ended 5 Apnl 202i12024.. £nil) There were no trnsiees. expenses paid for the year ended 5 April 202512024: £nill. Any issue thai amse during discussions which created a ¢onfli¢t of inier&st lor any sle£(s) 'aS discussed atld decided upon wilh Ihe trusieelsl being absent. The appropriaie infotmarion, e_g. estiMatQu0 were given due considtr&tion for th¢ dcLisiotJ% to Ir ]ngde irt an infornied matt. MT J.L.E. Je%son carried out propcrtv #Dd equipmtni maintenance 2t)d supplied equiprneni and compulcr software to ihe Tru.%1 at Clk$15 of £22618 (2024.. £254731. The caJtied out by MrJessott duting the year as a building and mainienance conrraaor was considered by Ihe tTU8te¢s 1(} he SnTne 1.5% th 20% less than other contrdclors. The ivork carried oui was varied in nawre and at limes ttIkd doing ifflrnediately. In some cases The work required instant On-si decision makiThg thai had the bcsi inLere5ts of the Trusi in n]it¥J the(Orc Costs were kew io a minimllm. STAFF COSTS The average m)thlY numberof employees during the year was as follows: 2025 2024
BRAITHWAITE GOSPEL TRugr NOTES TO THE FANCIAL sT,TEIENTs FOR THE YEAR ENDED S APRIL 21125 TANGIBLE FIXED ASS FTcehold Prortny Equipment Totsls COST AI 6 ApTiI 2024 AddilTon& in the year 1252103 42362 1294465 A5 al 5 Aptil 2025 1252103 42362 1294465 DEPRECIATtON At 6 April 2024 Charge foT year 42362 42362 At 5 April 2025 42362 42362 NET BOOK V ALUE At 5 Apnl 2025 1252103 1252103 Ai S April 2024 1252103 1252103 SOCIAL [NVESTIV[s Programmc related ini'estments tA)ans Property Tothls MARKET VALUE At 6 April 2024 Disposals 1637448 1659508 1320} 13201 A5 ai 5 April 2tr25 21740 1637448 1659188 ,NEt B(X)K VALUE At 5 April 2025 21740 1637448 1659188 At 5 April 2024 1637448 1659508 Invcsimcnis have ien staled at markti value as ai 5 April 2025 in accordance wilh rhe provisions of ihe Sraiement of Recommended Practitt on Accounting by Ch"tIeS IFRS 1021. Jnvesuneni properties largely comprise ienallieLI farni land 3thd buildings. In the opJnioTh ofthe Trustees the m2tet value of ihe prorth, is reasotlably slated.
Jo- BRAlTHIV..IITE GOSPEL TRUST NOTES TO THE FINANCIAL STATEMENTS TrR THE YEAR FJ4DF.D 5 APRIL 2025 DEBTORS.. AMOLryTS FALLLNG DUE wrrHJN ONE YFAR 2025 2Q24 Trade Dcbtors PPa>.TcnL 3177 1104 1570 )34 4281 DrroRS.. AM uNr FALU,NG DUE WITHIN OINE YEAR 2025 2024 TTade Creditors Ta.Kation and social %e¢uTity Other Creditors 2246 959 2393 51K)5 956 2284 5598 8248 10 STAT&MEwf OF FUNDS 2024 Income Ex ndiwre Trdnsfers 2025 Unresiri¢ied Fun¢ls Restricted Funds 2973747 875 9201 (928781 {92011 2968373 Total Funds 2973747 96705 {102079) 2968373 Re5trictcd Fund5 are repffsenied by.. BIFwd ai wdat 2024 IE)¢ome tlditurc Transfers 2025 Valley Chrisiiall Fellowship 9201 (9201) 9201 C92011
li BRAITHWATfE GOSPEL TRUST NOTES TO THE Fif4ANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 I I ANALY rs OF NEf ASSEfs BEfwEENL FUNDS Fund ba12t)ces ai 5 April 2025 are represent by.. Uthrestricied Resiricied Funds Total Fixed A%ser8 Currcnt A%sets Current Liabilities 2911291 62680 {55981 2911291 62680 (55981 Total Nei AsRts 2968373 2968373 Fllnd ba12n¢¢% at 5 April 21r24 a reprtYrti&l by.. Fixed Assers Current Ass¢L% Cutrent Liabilitie5 2911611 70384 (8248} {82481 Total Net Assets 2973747 2973147
12- BRAlTHWAfTE COSPEL TRUST DETAILED STATEP¥IEr OF FbYANCIAL Acfii'ITIFS FOR THE YEAR ENDED 5 APRIL 2025 2025 2024 INCOMF. AND END01vprS Donations and I Donation% cies 46771 52918 Yestent Income Rents ieceiied Wayleave 43150 137 43150 43287 43281 Renewable Heat Ineenitve 6916 Total Ineoming Resourc 96705 F,XPENDITURE Investment Mana Rent Colle¢(ion ejnent C&sts 2535 2535 Charttablc Activities Wages Empltsyec Expenses RateE and Watrr Insurance Light and Heat Telephone Posiage and Stationery Cleaning Repairs and Prffjtrty mainletet Gifts and Donalion5 26872 793 ?5273 880 4470 4258 7935 345 345 3544 6575 326 204 3836 46864 36957 36(M) 96925 88103 CTOS'ernan¢¢ Costs Pensjons Accountancy and t£gal Ftts frf)2 2017 571 2454 2619 3025 Total Re8ourees Lxpended 102079 93663 Net Inrome (53741 9452