Trustees Report & Unaudited Financial Statements Sefton Gospel Hall Trust For the year ended 5 April 2024
Contents Legal and Administrative Information Report of the Trustees Report of the Independent Examiner Statement of Financial Activities io Balance Sheet li Notes forming part of the Financial Statements 15 Resources Expended 16 Analysis of Net Assets- Current year 17 Analysis of Net Assets- Prior Year 18 Movement in Funds- Current Year 19 Movement in Funds- Prior Year 20 Comparative Statement of Financial Activities Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 2 of20
Legal and Administrative Information Sefton Gospel Hall Trust For the year ended 5 April 2024 Charity Name: Sefton Gospel Hall Trust Registered Charity Number. 519464 Trustees: Mr D Hutchins (Chairl MrKWells MrSHarvey Mrm Cane MrSBoyt Treasurer: MrKWells Principle Addre55: 160 Sydney Road, CREWE, Crewe. Cheshire. GBR, CWI 5NF Independent Examiner: Sandra Thurgood FCCA Eastway Enterprise Centre 7 Payne5 Park Hitchin Herts. SG5 IEH Accountant: Oldfield Advisory LLP 1120 Elliot Court Coventry CV5 6UB Bankers: National Westminster Bank PIC Crewe Branch The Square Crewe Cheshire CW12HN Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 3 of20
Report of the Trustees Sefton Gospel Hall Trust For the year ended 5 April 2024 The trustees present their report along with the financial statements of the Charity for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 11 and comply with the Trust Deed and applicable law. Structure, Governance and Management Governing Document The Charity is an unincorporated trust corTrstituted 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 appointmentof newTrustees The Trustees who have served during the year and since the year end are set out on page 3. None of the Trustees, nor any person connected with them, received any remuneration or expenses from the Charity in the year ended 5 April 2024. The Trust operates 5 Gospel halls and Trustees are chosen from among the regular congregation of the halls. 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 similar charities with a view to pooling experience considered useful in pursuing the objects of the Trust. Risk Management The Trustees have identified and reviewed the major risks to which the charity is exposed and confirm that they have established Sy5tem5 to manage and mitigate those risks. Objectives and Activities Objectives and Aims The charitable purpose5 of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the seNice 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 Ithe"Brethren"l 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. Details of public benefit activities carried out by Sefton Gospel Hall Trust can be found in the separate appendix to this report. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 4 of20
Reportofthe Trustee5 Main activities and achievements The Trust provides and maintains 5 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. During the year. the trust successfully secured a site for a new meeting room (Heath Road). Plans for future periods Despite the increased cost of energy, the trustees feel that these increased costs are not significantly impacting on the ability of the charity to continue as a going concern. The trust a150 plans to renovate the Heath Road church purchased this yearto make it suitable for use as a meeting room. 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 and 400 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 stieet 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. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 5 of20
Reportofthe Trustee5 Spreadingthe 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. In carrying out this work. the congregation consider5 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- We seek and are encouraged to live exemplary lives in all our relationships with others in the wider community (including former Brethren), in accordance with the teachings of Holy Scripture11 Tim 2.21. We regularly go out from our homes to preach on the streets. to distribute Christian literature and engage with the wider community lincluding former Brethren) in orderto present eternal salvation. available to all men by faith in Jesu5 Christ. 12 Tim 4-21. We seek as members of the public to lead Christian lives as husbands and wive5, parents. children. employers, employees and neighbours. (Col 3=22-25, Col 4=11. The preservation and protection of the family unit is fundamental and children are prized as a blessing from God. (Psalm 127-3-51. The elderly are valued members of the community. for whom both their family and the wider community are expected to care. Holy Scripture commands us to be good neighbours to others, and deal with all other people (including former Brethren) openly, honestly and fairly and consistent with these principles, we should give our time, talents and money to a551St those in need in the wider community, in so far as reasonable given our abilities and our available resources. Imatt 7.'12, Matt 22.39, Eph 4'.281. 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. Financial Review In the year ended 5 April 2024 the Trust had a surplus of £168.896 of incoming resources over resources expended. Total voluntary income received this yearwas £262.473 compared to £53,243 in the previous year. Restricted Funds are being accumulated due to the ongoing refurbishment works on the halls that the trust possesses. Reserves Policy The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. based on its size and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves. The congregation is kept regularly informed as to particular needs for funds, and other relevant matters and 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 to the congregation. Free Reserves at the year end were nil12023= £28.9501 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 6 of20
Reportofthe Trustee5 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 Trustee5 are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charity SORP IFRS 1021- make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial ststements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trLJStees 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 IAccounts 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 reviewed and approved by two trustees. On Behalf of the board.. Mr K Wells (Trusteel Date Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 7 of20
Report of the Independent Examiner Sefton Gospel Hall Trust For the year ended 5 April 2024 I reporttothe trustees on my examination ofthe accounts ofthe Sefton Gospel Hall Trust forthe year ended 5 April 2024. Respective responsibilities of Trustees and Examiner The charity's trustees are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respe¢t of my examination of the Trust's accounts carried out undersection 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of theAct. Basisof 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 tause to believe that in any material respect: Accounting records were not kept in respect of the Trust as required by section 130 of the Act. or The accounts do not accord with those records. or The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation5 2008 otherthan 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 concems 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. Sandra Thurgood FCCA Eastway Enterprise Centre 7 Paynes Park Hitchin Herts. SG5 IEH 2 January2025 Trustees Report&Unaudlted Financial Statements Sefton Gospel HallTru5t Z Jan2025 Page8of20
Statement of Financial Activities Sefton Gospel Hall Trust For the year ended 5 April 2024 UNRESTRICTED FUNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2024 TOTAL FUNDS 2023 Income and endowments: Donations and Le acies- Contributions from the Congregation Gift Aid Donations 47,386 53,386 26,880 75.000 68,270 143,270 12,655 Income Tax refunds 18,750 17,067 35,818 3,036 Congregation Support 30,000 30,000 10,671 Investments Interest Received 20 20 Total Income and endowments: 99.770 162.723 262.493 53,249 Expenditure: Running Meeting Rootns (note 71 Congregation Support (note 71 Total Expenditure: 85,590 528 86,117 56,577 4.438 3.041 7,479 12.532 90.028 3.041 528 93.597 69,109 Net Income/{Expenditurel 9.743 13.0411 162.195 168.896 115,8601 Net Movement In Funds 9,743 13,0411 162,195 168,896 115,8601 UNRESTRICTED FUNDS OESIGNATED FUNDS RESTRICTED FUND5 TOTAL FUNDS 2024 TOTAL FUNDS 2023 Reconciliation of funds {note 91 Total Funds bought fonfifard Net movement in funds 876,656 2,013 124,379 1,003,t)48 1,018,908 9.743 13.0411 162,195 168,896 115,8601 1.003,048 Total Funds carried forward 886.398 11.0281 286.574 1.171.9 The notes on page 11- 20 form part of these financial statements. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 9 of20
Balance Sheet Sefton Gospel Hall Trust As at 5 April 2024 2024 2023 Fixed Assets Tangible assets (note 41 Total Fixed Assets 1,127,705 849.719 1,127.705 849,719 Current assets Prepayments and accnjed income Cash at bank and in hand 37,967 6,906 8,941 149.603 Total Current assets 46.908 156,508 Creditors: amounts falling due within one Accruals and deferred income ear 2,669 3,180 Total Creditors- amountsfallingdue within one year 2,669 3,180 Net current asset51(liabilities) 44,239 153,329 Total assets less current liabilities 1.171,944 1,003,048 Net Assets 1.171.944 1.003,048 Funds {note 81 Restricted Fund5 286,574 124,379 Unrestricted funds 885,370 878.668 Total Funds 1.171.9 1.003,048 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 (Trusteel The notes on pages 11- 20 fomi partof these financial statements. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 10 of20
Notes forming part of the Financial Statements Sefton Gospel Hall Trust For the year ended 5 April 2024 I. ACCOUNTING POLICIES 1.1 Basis of financial statements 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 IFRS 1021 issued on 16 July 2014. and incorporating update bulletins l and 2. and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and UK Generally Accepted Accounting Practice. The functional currency of the charity is sterling 1£). 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 otheise stated in the relevant accounting policy notelsl. 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 organi53tions or individua15 offer their setvices and support pro bono. The value of these donated seNices to Sefton Gospel Hall Trust is considered to be equal to market value which would be paid were the service fomally procured. This includes services paid for by other trust5. Investment income is accounted for on a receivable basis. 1.3 Expenditure 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 dirertly attributable to the fulfilment of the charitable objects. 1.4 Governance and support costs 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. 1.5 Tangible fixed assets and depreciation Tangible fixed assets (costing more than £IOOI are ststed 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 buildings 3(>b straight line Property improvements 2086 reducing balance Tools & Equipment 20% reducing balance Fixtures and Fittings 2096 reducing balance Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 11 of20
Notes fortning part ofthe Financial Statetnents 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. 1.8 Preparation of consolidated financial statements The Charity doe5 not have a trading subsidiary. 1.9 Going Concern The Trustees considerthat there are no material uncertainties about the charity's ability to continue as a going concern. 1.10 Significant estimates andjudgements 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 carying amounts of assets and liabilitie5 Wlthin the next reporting period. 2. TRUSTEES, REMUNERATION AND EXPENSES No Trustees received any remuneration orother benefits from an employment with the charity and no Trustees were reimbursed for expenses12023.' none) 3. WAGES AND SALARIES There are no employees12023'. none) Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 12 of20
Notes fortning part ofthe Financial Statetnents 4. Tangible Fixed Assets Freehold Freehold Property- Sydney Property- Stock Road Lane Freehold Property Freehold -Wheelock Propeity- Chorlton Property Development - Sydney Road At 6 April 2023 443,726 264,290 257,560 204,286 9,100 Additions 7.249 Disposals At 5 April 2024 443,726 264,290 257,560 204,286 16,349 At 6 April 2023 221.952 67360 59.237 17.763 1.207 Current Year Depreciation 11,093 6,607 6,439 4,357 727 Eliminated on disposals At 5 April 2024 233.045 73.967 65.676 22.120 1.934 At 5 April 2024 210,680 190.323 191,884 182,166 14,415 At 5 April 2023 221.773 196.930 198.323 186.523 7.893 Property Development- Chorlton Fixtures Tools and and Fittings Equipment Freehold Property- Heath Road Property development- Wheelock Totals At 6 April 2023 45.743 43.424 1.599 1.269,726 Additions 393 1.954 305.427 342 315.367 Disposals At 5 April 2024 46,136 45.378 1.599 305.427 342 1,585,093 At 6 April 2023 19.886 31.909 693 420,007 Current Year Depreciation 5,202 2,500 181 250 24 37,381 Eliminated on disposals At 5 April 2024 25.088 34.409 874 250 24 457,388 At 5 April 2024 21.048 10.968 725 305.178 318 1.127,705 At 5 April 2023 25.857 11.515 906 849,719 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 13 of20
Notes fortning part ofthe Financial Statetnents Land registry titles ofthe above property held are CH313986. CH600344. CH599785. CH588330. CH596609 and CH696037. 5. TRANSACTIONS WITH RELATED PARTIES During the financial year, aggregated donations of £126.31012023= £65651 were received. 6. VOLUNTEERS Sefton Gospel Hall Trust relies entirely on volunteers to carry out the management, administration and general maintenance work. The Trust ha5 no paid staff or paid Trustees. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 14 of20
Resources Expended Sefton Gospel Hall Trust For the year ended 5 April 2024 7. Resources Expended OTHER CHARITABLE ACTIVITIES MEETING ROOMS TOTALCOSTS 2024 TOTALCOSTS 2023 Direct Costs Premises C05ts- repairs and maintenance 11,242 11,242 2,602 Premises costs- heat. light and power Telephone Health and Safety Legal and professional Bank charges Congregation Support Depreciation 21.976 21,976 8.619 1,156 1,156 2,576 3.706 3,706 5,649 5,649 2,370 310 310 262 4,438 3,041 7,479 12,532 37.381 37,381 37,774 Insurance 2,029 2,029 1,329 Governance 2.669 2,669 1,046 Total Direct Costs 90555 3.041 93.597 69,109 Governance costs include £180 (prior year- £1801 in respect of independent examiners fees. Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 15 of20
Analysis of Net Assets- Current year Sefton Gospel Hall Trust For the year ended 5 April 2024 8. ANALYSIS OF NET ASSETS BETWEEN FUNDS 8.1 Current Year UNRESTRICTED FUNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2024 Funds Tangible Fixed Assets Current Assets 730,886 396,819 1,127,705 80.484 11.0281 132,5481 177,6961 46.908 Current Liabilitie5 75,028 12,6691 Total Funds 88698 11,0281 286,574 1,171,944 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 16 of20
Analysis of Net Assets- Prior Year Sefton Gospel Hall Trust For the year ended 5 April 2024 8.2 Prior Year LINRESTRICTED FUNOS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 Funds Tangible Fixed A55ets CurrentAssets 765,972 83,747 849,719 19,100 2,013 135,396 194,7641 156,508 13,1801 Current Liabilities 91.584 Total Funds 876.656 2.013 124,379 1,003,048 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 17 of20
Movement in Funds- Current Year Sefton Gospel Hall Trust For the year ended 5 April 2024 9. Movement in Funds 9.1 Movement in funds- current year UNRESTRICTED FUNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2024 Movement in Funds Total fund5 boughtforward Incoming resources Resources expended Total funds carried forward 876,656 2,013 124,379 1,003,048 99.TlO 162,723 262.493 190,0281 13,0411 11,0281 15281 193,5971 88698 286,574 1,171,944 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 18 of20
Movement in Funds- Prioryear Sefton Gospel Hall Trust For the year ended 5 April 2024 9. Movement in Funds 9.2 Movement in funds- Prior year UNRESTRICTED FUNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 Movement in Funds Total fund5 boughtforward Incoming resources Resources expended Total funds carried forward 913,042 105,866 1,018,908 32.439 2.238 18,571 53.249 168,8261 12251 1581 169,1091 876,656 2,013 124,379 1,003,048 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 19 of20
Comparative Statement of Financial Activities Sefton Gospel Hall Trust For the year ended 5 April 2024 UNRESTRICTED FUNDS DESIGNATED FUNDS RESTRICTED FUNDS TOTAL FUNDS 2023 Income and endowments: Donations and Le acies- Contributions from the Congregation Gift Aid Donations 24,000 2,880 26,880 12,655 12,655 Income Tax refunds 3,036 3,036 Congregation Support 8,433 2,238 10,671 Investments Interest Received Total Income and endowments: 32.439 2.238 18.571 53,249 Expenditure: Running Meeting Rootns (note 91 Congregation Support (note 91 Total Expenditure: 56,519 58 56,577 12.307 225 12.532 68.826 225 58 69,109 Net Income/{Expenditurel 136.3871 2.013 18.513 115,8601 Net Movement In Funds 136,3871 2,013 18,513 115,8601 UNRESTRicfED FUNDS DESIGNATED FUND5 RESTRICTED FUNDS TOTAL FUNDS 2023 Reconciliation of funds {note 11) Total Funds bought fonfifard Net movement in funds 913,042 105,866 1,018,908 136,3871 2,013 18,513 115,8601 1.003,048 Total Funds carried forward 876.656 2.013 124.379 Trustees Report& Unaudited Financial Statements Sefton G05pei Hall Twst 6 Jan 2025 Page 20 of20