COMPANY REGISTRATION NUMBER: 01739222 CHARITY REGISTRATION NUMBER: 514184 Hebron Hall Limited Company Limited by Guarantee Financial Statements 31 March 2024 GORDON DOWN & PARTNERS Accountants & statutory auditor 144 Walter Road Swansea SA15RW
Hebron Hall Limited Company Limited by Guarantee Financlal Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members Statement of financial activities (including income and expenditure account) 11 Statement of financial position 12 Statement of cash flows 13 Notes to the financial statements 14 The following pages do not forni part of the financial statements Detailed statement of financial activities 24 Notes to the detailed statement of financial activities 26
Hebron Hall Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 31 March 2024 The trustees. who are also the dirèctors for the purposes of company law. present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and admlnlstrative detai18 Registered charlty name Hebron Hall Limited Charity rggistration number 514184 Company registration number 01739222 Principal office and registered Hebron Hall Christian Centre office Cross Common Road Dinas Powys Vale of Glamorgan CF64 4YB The trustees J. Haines A. McGhee V. Pici T.P. Trotman D.M. Rees A. Curtis (appointed 6 February 2024) Auditor Gordon Down and Partners Accountants & statutory auditor Temple Court 13a Cathedral Road Cardiff CF119HA Bankers Lloyds Bank Solicitors Hugh James Two Central Square Cardiff CH10 1FS
Hebron Hall Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 Structure, govemance and management Governing document The organisation is a charitable company limited by guarantee and was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association. Recruitment and Appointment of Management Committee The directors of the company are also charity trustees for the purpose of charity law. The Board has the power to appoint additional trustees as it considers appropriate. The charity 15 organised so that the Board meet regularly to manage its affairs. None of the trustees are involved in the day-to-day management of the charity. The responsibility for the running of the charity, the preparation of management accounts, fiscal due diligence and operational control is delegated to suitably qualified staff. under the direction of an experienced Chief Executive Officer. These full-time employees, manage the day-to-day administration of the charity and further its objectives. Through regular communication, reporting and board meeting attendance, the CEO is held accountable by the trustees who are consulted on a regular basis. Objectlves and activities The company's principal objective is the promotion and advancement of the Christian faith by proclaiming the Gospel of Jesus Christ. In order to futfil its objectives. the charity operates principally a four-strand provision of services. These are indivisible and integral to the raison d'etre of the organisation and the pursuance of its stated objectives. These activities in outline are: (1) The provision of residential accommodation to the elderly and infirm, and to provide to those resident5 the finest care and dedication in accordance with Biblical principles. (2) The provision of Conferen facilities and related accommodation and services to organisations which share the company's objective of advancing the Christian faith. (3) The provision of educational. recreational and leisure facilitie5 to enhan the physical and spiritual wellbeing of persons of all ages. (4) The provision of 15 assisted living dwellings, owner occupied. which are managed on a leasehold basi5 to provide an interim facility for older people. who wish to live independently and who do not yet require the facilities of the care home. These dwe15ings subject to the contractual agreement that the occupiers must be in sympathy with the charity's Chrisitan ethos and values. Each of these services are not separately provided, as stated they are part of the integrated vison and objectives of the charity, each providing a conjoined and deliberate part that makes up the whole of the organisation's activities. Locafed on an enclosed seven-acre campus. they share infrastructure, utilities and facilities. which provide'an integrated provision in furtherance of the primary objectives. Employed staff are contractually interchangeable across each of these services, with the obvious exception of key specialised and qualified personnel where such knowledge is required. The administration. finance and operational oversight is centrally located and provides financial, payroll, HR. IT, operational and executive management across all these services.
Hebron Hall Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 Charitable activitles and publlc benofit The Board. when developing the strategies for the achievement of the company's objectives, have considered and had regard to the Charity Commission's guidance on public benefit and the available guidance to charities on the development of religion. The company has sought to make available modern and relaxing facilities to enable, in particular, churches and church leaders to enhance the spiritual knowledge of those under their pastoral care. The company makes available Christian worship services to residents of the care home. the conference ntre attendees and the residents of the sheltered accommodation complex. The leisure facilities are made avallable to the public and to associations of all backgrounds. The Board of trustees have been mindful of the necessity of providing facilities fit for the purpose of making available conference facilities suitable for the modern age. Financial review The Charity's net income for the year amounted to £205,049 (compared to £54.739 in 2022123). The total unrestricted funds at the end of the year represent the Charity's free reserves and amounted to £5.939,428 {£4.798,567 - 2022123). Achievements and performance The charity had a strong year. with turnover exceeding £2 million for the first time. A surplus of £205,048 was recorded which will fund the continued investment in infrastructure and the delivery of services in line with the charity's stated objects. The increase in growth was accomplished by the improvements made to the administrative and financial structures. and improved governance of the organisation across all of its sectors. Investment was made in infrastructure and renewals to future proof a number of the fixed assets where previous lack of investment had resulted in deterioration and short temi repairs. As a result. the fabric of the charity's buildings has been improved to better service the needs of the charity going forwards. In addition, the balan sheet has been strengthened through a revaluation of the freehold land and buildings on the 7.5 acre campus from which the charity operates and £1.2 million was added to the balance sheet as a result. Bethel House Care Horne through efficiencies and good management not only improved its financial performance during the period and remains at the heart of the charity in clearly delivering its objects as stated. The daily act of worship in the style of a Thought for the Day was held each morning for residents in the care home led by staff and incoming speakers. In addition, the Sunday act of worship welcomed invited speakers and church leaders for those who are unable to attend their own place of worship. Message Wales, the Wales branch of The Messag8 charity is based at Hebron Hall. It is a Christian charity undertaking programmes of social action in deprived areas and within the prison population across Wales. Their work includes rehabilitating offenders and assisting those with substance abuse issues. Cardiff Street Pastors also work from the Centre providing voluntary support to those who need
Hebron Hall Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 help on the streets of Cardiff late at night when nightclubs close. The swimming pool was opened to the public during the week as a community facility at a nominal charge. The watertemperature is warmer than local leisure centres and as a consequence is particularly popular with older people and mother and baby groups. Sessions are also held in the swimming pool for young people and adults with physical or mental disability who are unable to attend public pools. This indudes students from local Beechwood College and the National Autistic Society. The pool is used each evening. on Saturday mornings and in school holidays to provide swimming lessons for children from across the local area. Thousands of children have learnt to swim at Hebron Hall with hundreds currently attending each week. The sports hall is used through the week by community groups including table tennis for older people, badminton, children's football and keep fit groups. The Cabin was also used by community groups including Slimming World and children's dance classes. In all, Hebron continues to welcome around 1,000 members of the local community per week when full open, across the range of Community led activities run. Hebron Hall continued to make grants to other organisations to encourage them in their respective Christian ministries. Staff continue to meet each week to pray for the work of the Centre and the continued advancement and promotion of the Christian faith by proclaiming the Gospel of Jesus Christ. Plans for future perlods A submission is currently going through the Local Authority planning process to extend an internal road allowing a one-way system to operate and the provision of additional on-site car parking. The charity is buying back the leases of the Kings Court on site development as these leasehold properties come up for sale which will strengthen the balan sheet and allowfor a better assisted living provision going forwards. Extensive internal refurbishment will be undertaken during the next financial year to further improve the facilities at the charity to provide some future proofing to the ongoing programmes that are on offer. including a complete refurbishment of the main kitchens.
Hebron Hall Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 Trustees. responslbilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources. including the income and expenditure. for that period. In preparing these financial statements. the trustee5 are required to.. select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charitie5 SORP; make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charty's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltor Each of the persons who is a trustee at the date of approval of this report confirms that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and they have taken all Steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 12 December 2024 and signed on behatf of the board of trustees by.. J. Haines Trustee
Hebron Hall Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Hebron Hall Limited Year ended 31 March 2024 Opinlon We have audited the financial statements of Hebron Hall Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account). statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended,. have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. have been prepared in accordan with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identrfied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Hebron Hall Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Hebron Hall Limited (continued) Year ended 31 March 2024 Other infomiation The other information comprises the information included in the annual report, other than the financial Statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicit]y stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identffied material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made. or we have not reiVed all the information and explanations we require for our audit- or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report.
Hebron Hall Limited Company Limited by Guarantee Independent Auditor's Report to the Members of Hebron Hall Limited (contlnued) Year ended 31 March 2024 Responsibilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit Conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Our audit procedures included, but were not limited to". discussing with the trustees and management their policies and procedures regarding laws and regulations., remaining alert to any indications of non-compliance throughout our audit. considering the risk of acts by the Charity which were contrary to applicable laws and regulations. including fraud. making inquiries of the trustees and management on whether they had knowledge of any actual. suspected or alleged fraud., gaining an understsnding of the intemal controls established to mitigate the risks related to fraud addressing the risks of fraud through management override of Gontrols by performing joumal entry testing. As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also- Identfy and assess the risks of material misstatement of the financial statements. whether due to fraud or error, design and perform audit procedures responsive to those risks. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion. forgery, intentional omissions. misrepresentations, or the oveIde of internal control.
Hebron Hall Limited Company Limited by Guarantee Independent Auditorfs Report to the Members of Hebron Hall Limited {contlnuedJ Year ended 31 March 2024 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, rf such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However. future events or conditions may cause the charity to cease to continue as a going cOnrn. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acpt or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work. for this report, or for the opinions we have formed. L S Cohen (Senior Statutory Auditor) For and on behalf of Gordon Down & Partners Accountants and Statutory Auditor 144 Walter Road Swansea SA1 5RW 12 December 2024 10
Hebron Hall Limited Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Unrestricted funds Total funds Total funds 2023 Note . Income and endowments Donations and legacies other trading activities Investment income Other income 115 2.066.795 33.065 115 2,066,795 33,065 1.018 1.638.145 5.084 74.396 Total Incom8 2,099.975 2,099,975 1,718,643 Expenditure Expenditure on charitable activities Total expenditure 9,10 1,894.928 1,894,928 1.663.904 1,894,928 1,894,928 1.663.904 Net income and net movement In funds 205,049 205,049 54,739 Reconciliation of funds Total funds brought forward Total funds carried forward 5,734,379 5.734,379 5,939,428 4,743,827 5,939.428 4,798.567 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 22 form part of these financial ststements. 11
Hebron Hall Limited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 15 4,654,397 3.491,609 Current assets Debtors Cash at bank and in hand 16 24,122 1,495,222 1,519,344 24,040 1.379.243 1,403,283 Creditors: amounts falling due within one year Net current assets 17 234,313 96,326 1,306,957 1,285,031 Total assets less current liabilities 5,939,428 4,798,566 Net assets 5.939,428 4.798.566 Funds of the charity Unrestricted funds: Revaluation reserve Other unrestricted income funds 3,022,958 2,916,469 2,087.145 2,711,422 Total unrestricted funds 5,939,427 4.798,567 4,798,567 Total charity funds 20 5,939,427 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial ststements were approved by the board of trustees and authorised for issue on 12 December 2024 and are signed on behalf of the board by.. J Haines Trustee The notes on pages 14 to 22 form part of these financlal statsments. 12
Hebron Hall Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng actlvities Net income 205,049 54,739 Adjustments for." Depreciation of tangible fixed assets Other interest receivable and similar income Accrued expenses 43,285 (33.065) 86,100 21,019 (5,084) 6,373 Changes in.. Trade and other debtors Trade and other creditors (82) 51,887 11.378 {26,064) 62.361 Cash generated from operations 353,174 Interest received 33,065 5,084 Net cash from operating activities 386,239 67,445 Cash flows from investing actlvltles Purchase of tangible assets Proceeds from sale of tangible assets Net cash used in investing activities {270,823) 563 (36,420) {270.260) (36,240) Net increase in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and cash equivalents at end of year 115.979 1,379.243 31,025 1.348,218 1,495.222 1.379,243 Tho notes on pages 14 to 22 form part of these financial ststements. 13
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General inforniation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Hebron Hall Christian Centre, Cross Common Road, Dinas Powys, South Glamorgan, CF64 4YB. Statement of compllance These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting pollcles Basis of preparation The financial statements have been prepared on the historical cost basis with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmatlon uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eannarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes: restricted income funds or endowment funds. 14
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (conunugd) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specrfic policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the grfi, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is estsblished. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent. in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classrfied under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activtties includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governan of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct COSts attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. 15
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Revaluation of Property During the financial year, the directors undertook a revaluation of the company's property. The property was professionally revalued by an independent valuer in accordan with the guidance set out in the Royal Institution of Chartered Surveyors (RICS) Valuation - Global Standards 2021 (the"Red Book.). The basis of valuation adopted was Market Value. which is defined as: "The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller in an arm's length transaction after proper marketing and where the parties had each acted knowledgeably. prudently and without compulsion.. Having regard to the recognised bases for property valuations referred to in the 2022 International Valuation Standards Framework, the trustees have adopted a more cautious approach, placing less emphasis on the trading potential of the property and instead focusing on its existing use and present condition as a fully equipped operational entity. This approach reflects the trustees, intention to ensure that the property is valued prudently and fairly, aligning with professional valuation standards and accounting principles. The resulting revaluation has been incorporated into the financial statements, with gains or losses recognised in accordance with the company's staled accounting policies on tangible fixed assets. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures & Fittings Motor Vehicles Equipment 1 OQ/o Straight line 20 % straight line 10 % straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it Is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets 16
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (ntInued} Year ended 31 March 2024 that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnancial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Currentassets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Flnancial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense In the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the 17
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmited by guarantee The company is limited by guarantee and does not have a share capital. The liability of the members in the event of the company being liquidated is limited to £1 per member. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations and Gifts 115 115 1,018 1,018 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bethel House Fees Residential Rents Conference Centre Fees Leisure Centre Fees Sheltered Accommodation Income. Rental Income Sundry Income 1,553,570 50,024 317,825 111,899 30,151 1,299 2,027 1,553,570 50,024 317,825 111,899 30,151 1,299 2,027 1,190,804 49,502 277,857 104,468 13,132 1,687 695 1.190,804 49,502 277,857 104,468 13,132 1,687 695 2,066,795 2,066,795 1.638.145 1,638,145 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 33,065 33,065 5,084 5.084 Other income Unrestrlcted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Other exceptional income 74,396 74,396 18
Hebron Hall Limited Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 March 2024 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Expenditure in furtherance of the charitable activities Management and administration costs Support costs 1,639,572 240,904 14,450 1.639,572 240,904 14.450 1.472,130 181,846 9,928 1.472.130 181.846 9.928 1.894.926 1,894,926 1,663.904 1.663.904 10. Expenditure on charitable activitlgs by activity type Activities undertaken directiy Support Total funds costs 2024 Total fund 2023 Expenditure in furtherance of the charitable activities Management and administration costs Governance costs 1,639.572 240.904 1.639.572 240,904 14,450 1,472,130 181,846 9,928 14,450 1,880,476 14,450 1,894,926 1.663,904 11. Not income Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 43.285 18,286 12. Auditors remuneration 2024 2023 Fees payable for the audit of the financial statements 5,040 4,820 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Employer contributions to pension plans 1,248,493 62.990 1,181,447 60.888 1,311.483 1,242,335 The average head count of employees during the year was 56 (2023". 60). The average number of full-time equivalent employees during the year is analysed as follows-. 2024 No. 2023 No. Number of employees 56 One employee received employee benefits of more than £60,000 during the year (2023: Nil). 19
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements {contlnued) Year ended 31 March 2024 14. Trustge remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustee5. 15. Tangible fixed assets Land and Fixtures and buildings fittings Motor vehicles Equipment Total Cost At 1 April 2023 Additions Disposals Revaluations 3.318,933 194.987 98,534 15,715 2,917 16,250 281,553 43,871 (34.820) 3,701,937 270,823 (34,820) 935,813 935.813 At 31 March 2024 4,449,733 114.249 19.167 290.604 4,873,753 Depreciation At 1 April 2023 Charge for the year Disp05als At 31 March 2024 52.217 10,919 2,804 2,800 155.307 29,566 (34.257) 150,616 210,328 43,285 (34,257) 219,356 63,136 5,604 Carrying amount At 31 March 2024 4,449,733 51,113 13.563 139,988 4,654,397 3,491,609 At 31 March 2023 3,318,933 46,317 113 126,246 16. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 5,635 17,279 1,208 24,122 5,142 15,166 3,732 24,040 17. Creditors: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other tsxes Other credttors 42,985 158,572 26,392 6,364 234,313 9,505 65,640 16,539 4,642 96,326 18. Deferred Income 2024 2023 Amount deferred in year 41,045 34,213 20
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 19. Pensions and other post retlremgnt benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £62.990 (2023: £60,888). 20. Analysis of charitable funds Unrestricted funds At 1 April 2023 At Transfers 31 Mar 2024 Income Expenditure General funds Revaluation reserve 2,711,421 2,087.145 2.099.975 (1,894,9276) 2,916,469 3,022,958 935.813 4.798.566 2.099,975 (1,894.926) 935.813 5,939.427 At 31 March 202 At 1 April 2022 Income Expenditure Transfers General funds Revaluation reserve 2,656.682 2,087,145 1,718,643 (1,663,904) 2,711,421 2,087.145 4.743,827 1,718.643 (1,663,904) 4.798.566 21. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 4.654,397 4,654,397 1.519,344 1,519.344 (234,313) (234,313) 5.939,428 5.939,428 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3.491,609 1,403,283 (96,326) 4,798,566 3.491,609 1.403,283 (96,326) 4.798,566 21
Hebron Hall Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 22. Analysls of changes in net debt At At 1 Apr 2023 Cash f]ows 31 Mar 2024 Cash at bank and in hand 1,379.243 115,979 1,495.222