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2021-04-05-accounts

CHARITY REGISTRATION NO: 519464

SEFTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED 05 APRIL 2021

Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW

SEFTON GOSPEL HALL TRUST REPORT AND FINANCIAL STATEMENTS

CONTENTS

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Page
Reference and administrative information 1
Report of the Trustees 2 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13
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Page 1

SEFTON GOSPEL HALL TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

YEAR ENDED 05 APRIL 2021

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CHARITY NAME: Sefton Gospel Hall Trust
REGISTERED CHARITY NUMBER: 519464
TRUSTEES: Mr K Wells
Mr D Hutchins (Chair)
Mr S Harvey
Mr M Cane
Mr S Boyt
TREASURER: Mr K Wells
PRINCIPAL ADDRESS: 160 Sydney Road
Crewe
Cheshire
CW1 5NF
INDEPENDENT EXAMINER: Amanda Groombridge
Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
ACCOUNTANT: Oldfield Advisory LLP
Santis House
Curriers Close
Coventry
CV4 8AW
BANKERS: National Wesminster Bank PLC
Crewe Branch
The Square
Crewe, Cheshire
CW1 2HN
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Page 2

SEFTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES

YEAR ENDED 05 APRIL 2021

The Trustees present their report along with the financial statements of the Charity for the year ended 05 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page eleven and comply with the Trust Deed and applicable law.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is an unincorporated trust constituted by a Deed of Trust dated 17 October 1987, most recently amended by Deed of Variation dated 09 January 2015. The Trust was registered with the Charity Commission for England and Wales on 27 January 1988 under Charity Registration Number: 519464

Recruitment and appointment of new trustees

The Trustees who have served during the year and since the year end are set out on page 2. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 05 April 2021 (2020: £nil).

The Trust operates five Gospel halls and Trustees are chosen from among the regular congregation of the hall. New Trustees are nominated by the existing Trustees 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 existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with Trustees of similar Trusts with a view to pooling experience considered useful in pursuing the objects of the Trust. The Charity also maintains particular links with Wistaston Gospel Hall Trust, with which it shares members of its congregation.

Risk management

The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established systems to manage and mitigate those risks.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable purposes of the Charity are the advancement of the Christian religion for the public 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 by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Public benefit

The Trustees confirm that they have complied with their duty under section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.

Page 3

SEFTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES

YEAR ENDED 05 APRIL 2021

Main activities and achievements

The Trust provides and maintains five Gospel halls where religious meetings are held by the local Brethren community. Details of the origins, teachings and way of life of the Brethren can be found on the website - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

The Trust’s main achievements this year have been the reciept of the Queen Street property from Wistaston Gospel Hall Trust with a veiw to selling this property. Also the trust purchased land adjacent to the Chorlton gospel hall to improve carparking facilities for the congregation.

The trustees have also established an Emergency Needs fund for the duration of the current pandemic and any resultant economic downturn. This is providing limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household. The trust has appointed a Local Welfare Panel to manage the application process and to administer the vouchers to qualifying applicants.

Plans for Future Periods

From 18th March 2020, Sefton Gospel Hall Trust ceased using the five gospel halls, which it operates. This was as a result of the global COVID-19 pandemic and the general lockdown imposed by the government on 23rd March 2020.

The Trust aims to use these Gospel Halls again once the general lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

Meetings

Meetings held at the Gospel halls include the Lord's Supper (Communion), Gospel preachings, Bible readings and Bible addresses. There is a structured weekly schedule of meetings and, depending on the particular meeting, between 30 and400 people normally attend these occasions.

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 times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, 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 Christian

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 tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

Page 4

SEFTON GOSPEL HALL TRUST REPORT OF THE TRUSTEES YEAR ENDED 05 APRIL 2021

In addition to street preaching, members of the congregation carried out other outreach work and supported the work of a separate charity, the Rapid Relief Team, as detailed in the appendix to this report.

In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularly exemplified in the following extract from the schedule to the Trust Deed on living a Christian life:

Funding

Funding is sought through gifts from the congregation and Gift Aid is claimed on eligible donations. Funding is sometimes received from other charitable trusts with complementary objectives.

Page 5

SEFTON GOSPEL HALL TRUST

REPORT OF THE TRUSTEES

YEAR ENDED 05 APRIL 2021

FINANCIAL REVIEW

Financial position

In the year ended 05 April 2021 the Trust had a surplus of incoming resources over resources expended. Total voluntary income received this year was £173,229 compared to £93,527 in the previous year.

The Trust is committed to ensuring that rooms are safe for the congregation to use again once the Coronavirus restrictions are lifted. The Trust also aim to sell the Queen Street property in the near future.

Reserves policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments. The trust has no employees and regular outgoings are minimal, therefore the trustees have decided to adopt a policy of maintaining no significant reserves. The Trustees will endeavour not to set aside funds unnesessarily.

Free reserves accumulated will be used at the discretion of the Trustees for the strategic development of Sefton Gospel Hall Trust The Trustees aim to ensure that the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure by raising a funds appeal.

Free reserves at the year end were £Nil

£256 208

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require 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 the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to

STATEMENT OF TRUSTEES RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. 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. All transactions have been reveiwed and approved by two trustees.

On behalf of the board:

Mr K Wells

Date

Page 6

REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEES OF THE SEFTON GOSPEL HALL TRUST

FOR THE YEAR ENDED 05 APRIL 2021

I report to the trustees on my examination of the accounts of the Sefton Gospel Hall Trust for the year ended 05 April 2021.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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 under section 145(5)(b) of the Act.

BASIS OF THE INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

3.The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 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 examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Amanda Groombridge Oldfield Advisory LLP Santis House Curriers Close Coventry CV4 8AW 15 November 2021

Page 7

SEFTON GOSPEL HALL TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 05 APRIL 2021

Notes
Income and endowments from:
Donations and legacies:
Contributions from the congregation
Gift Aid donations
Income tax refunds
Donated services
4
Congregation Support
Investments:
Bank interest
Other
Property Donations
7.2
Total
Expenditure on:
Charitable activities
Running meeting rooms
6
Cost of donated services
4
Congregation Support
6
Total
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds
Total funds bought forward
9
Total funds carried forward
Unrestricted
Designated
Restricted
Total funds
Total funds
Funds
Funds
Funds
2021
2020
£
£
£
£
£
26,049
-
2,880
28,929
34,021
-
-
-
-
47,605
-
-
13,270
13,270
11,901
-
-
3,430
3,430
-
-
31,600
-
31,600
-
-
1
-
-
1
3
-
-
96,000
-
-
96,000
-
122,050
31,600
19,580
173,230
93,530
54,580
-
-
54,580
62,646
2,448
-
-
2,448
2,835
-
31,050
31,050
-
57,028
31,050
-
88,078
65,481
65,022
550
19,580
85,152
28,049
-
-
-
-
-
65,022
550
19,580
85,152
28,049
881,105
-
67,256
948,361
920,312
946,127
550
86,836
1,033,513
948,361

The notes on pages 10 - 13 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

Page 8

SEFTON GOSPEL HALL TRUST BALANCE SHEET AS AT 05 APRIL 2021

Notes
£
£
Fixed Assets
Tangible assets
6
1,000,020
Current Assets
Debtors
-
Prepayments and accrued income
4,210
Cash at bank and in hand
30,229
34,439
Current liabilities
Creditors: amounts falling due within
one year:
Other creditors
-
Accruals and deferred income
946
946
Net current assets
33,493
Total assets less current liabilities
1,033,513
Creditors: amounts falling due after
more than one year:
Loan
-
Net assets
1,033,513
Funds
Restricted funds
86,836
Unrestricted income fund
946,677
Total unrestricted funds
8
1,033,513
-
2021
£
£
902,031
-
12,926
34,304
47,230
-
-
900
900
46,330
948,361
-
948,361
67,256
881,105
948,361
2020

The unaudited financial statements were approved and authorised for issue by the Trustees of Sefton Gospel Hall Trust on …………………..……….and were signed on its behalf by

Mr K Wells

The notes on pages 10 to 13 form part of these financial statements

Page 9

SEFTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

The functional currency of the charity is sterling (£).

The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 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 charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates.

Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to Sefton Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable activities comprise those costs directly attributable to the fulfilment of the charitable objects.

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

Tangible fixed assets (costing more than £100) are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Freehold Property 3% Straight Line Fixtures, Fittings and Equipment 20% Reducing Balance Property Development 20% Reducing Balance

Page 10

SEFTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

1.6 Taxation

The Trust is a registered charity and is not liable to United Kingdom income or corporation tax on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes.

1.7 Funds

The general unrestricted fund is free for the Trustees to use for any purposes in furtherance of the trust’s charitable objects.

Restricted funds arise from donations to the trust, which are made for a specific purpose. Restricted funds can only be used for the purpose for which funds were given.

A restricted fund was initiated during the last financial year for the purpose of purchasing and refurbishing the Chorlton gospel hall. The refurbishment has been ongoing during the current financial year.

1.8 Preparation of consolidated financial statements

The Charity does not have a trading subsidiary and there is no requirement to prepare consolidated accounts

1.9 Going concern

The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

From 18th March 2020, Sefton Gospel Hall Trust ceased using the gospel hall which it operates, due to the global COVID-19 pandemic and the general lockdown imposed by the government.

The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

2. TRUSTEES' REMUNERATION AND EXPENSES

No Trustees received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2020: None).

3. WAGES AND SALARIES

There are no employees (2020: none).

4. DONATED SERVICES

Donated to:
Wistaston Gospel Hall Trust
5.
Grants to Affiliated Trusts
6.
RESOURCES EXPENDED
Direct costs
Premises costs Heat, light and power
Premises costs Repairs and Maintenance
Insurance
Telephone and broadband costs
Legal and professional
Congregation support
Depreciation
Governance
Year ended
05 April 2021
£
2,448
Year ended
05 April 2021
£
-
Meeting
rooms
£
11,225
2,595
1,041
714
1,185
-
36,829
991
54,580
Other charitable
activities
£
-
-
-
-
-
31,050
-
-
31,050
Year ended
05 April 2020
£
2,835
Year ended
05 April 2020
£
-
Year ended
05 April 2021
£
11,225
2,595
1,041
714
1,185
31,050
36,829
991
85,630
Year ended
05 April 2020
£
12,191
12,272
734
777
1,272
-
34,455
946
62,647

Governance costs include £180 (2020: £180) in respect of independent examiners fees

Page 11

SEFTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

7.1 TANGIBLE FIXED ASSETS

Cost
At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020
Cost
At 06 April 2020
Additions
Disposals
At 05 April 2021
Depreciation
At 06 April 2020
Charge for the year
Depreciation on disposals
At 05 April 2021
Net book value
At 05 April 2021
At 05 April 2020
Freehold
Property -
Sydney Road
443,726
-
443,726
188,673
11,093
199,766
243,960
255,053
Property
Development -
Chorlton
23,549
7,219
30,768
2,411
5,088
7,499
23,269
21,138
Freehold Property -
Stock Lane
264,290
-
264,290
47,538
6,607
54,145
210,145
216,752
Fixtures and
Fittings
38,048
-
38,048
24,769
2,656
27,425
10,623
13,279
Freehold Property -
Wheelock
£
257,560
-
-
257,560
39,920
6,439
46,359
211,201
217,640
Tools and
Equipment
£
-
1,599
-
1,599
-
183
183
1,416
-
Freehold
Property -
Chorlton
£
174,286
30,000
-
204,286
4,691
4,357
9,048
195,238
169,595
Freehold
Property -
Queen Street
£
-
96,000
-
96,000
-
178
178
95,822
-
Property
Development -
Sydney Road
£
9,100
-
-
9,100
525
228
-
753
8,347
8,575
Totals
£
1,210,559
134,818
-
1,345,377
308,527
36,829
-
345,356
1,000,021
902,032

Property Details:

Land registry titles of the above property held are CH313986, CH600344, CH599785, CH588330, CH596609 and CH696037

7.2

Donation of rooms

During the financal year, Wistaston Gospel Hall Trust donated the following rooms for Nil consideration: Queen Street (Title no. CH596609): £96,000

Page 12

SEFTON GOSPEL HALL TRUST

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 05 APRIL 2021

8. ANALYSIS OF NET ASSET BETWEEN FUNDS

8.1 Current year

Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
8.2
Prior year
Tangible fixed assets
Current assets
Current liabilities
Non-current liabilities
Total funds
Unrestricted
funds
£
936,023
11,599
(945)
-
946,677
Unrestricted
funds
£
875,994
6,012
(900)
-
881,106
Restricted
funds
£
63,997
22,839
-
-
86,836
Restricted
funds
£
26,037
41,219
-
-
67,256
Total
funds
£
1,000,020
34,438
(945)
-
1,033,513
Total
funds
£
902,031
47,231
(900)
-
948,362
  1. MOVEMENT IN FUNDS

9.1. Current year

Restricted funds
Designated Funds
Unrestricted funds
Total funds
Prior year
Restricted funds
Unrestricted funds
Total funds
Fund balance
At 06 April 2020
Incoming resources
Resources
expended
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2021
£
£
£
£
£
67,256
19,580
-
-
86,836
31,600
(31,050)
550
881,105
122,050
(57,028)
-
946,127
948,361
173,230
(88,078)
-
1,033,513
Fund balance
At 06 April 2019
Incoming resources
Resources
expended
Realised/
unrealised gains
and losses
Fund balance
At 05 April 2020
£
£
£
£
£
-
67,256
-
-
67,256
920,312
26,274
(65,481)
-
881,105
920,312
93,530
(65,481)
-
948,361

Restricted funds are held for the purpose of refurbishing the Chorlton Property

10. TRANSACTIONS WITH RELATED PARTIES

Donations totalling £6,380 have been received from related parties of the trustees. No material reimbursements were made.

10. POST BALANCE SHEET EVENTS

Following the financial year end the trust sold the Queen Street property, realising £96,000 proceeds from disposal.

11. VOLUNTEERS

Sefton Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust has no paid staff or paid Trustees.

Page 13

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