Charity number. 700960 HORSFORTH GOSPEL HALL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS Year 8nded 5 April 2024 Brown Buuer Charted Accountants Leeds
Horsforth Gospel Hall Trust C(rtents Pages Reference and Admlnlstrative Details Report of the TrtteeS Independent Auditorfs Report statement of Flnanclal Aththes 10 Balance Sheet 11 Cash flow statement 12 Notes to th8 Financial Statsments 13-19
H(xsforth Gospel Hall Tnjst Reference and Admknistrative Detslls For the year ended 5 April 2024 Charity Name Hothrth Gospel Hall Trust Registered Charty Number 71)0%0 Trustaes Mr C V Anderson Mr R Harding Mr L Armstrong Mr N Christie (Chaiman) Mr D W Stutt&theim Tr&urer Mr R Harding Principal Address Horsforth Gospel Hall Brownberrie Lane Horsforth Leeds LS18 SHE sLLrtory Auditor Brawn Butler Chartered AcLx>untants Leigh House 28-32 St Paul's Street Leed5 LS12JT Bankers Naiwest PO Box 955 Flrst Floor 1 Humber Quays Welllngton Street West Hull HU12BN
Horsforth Gospel Hall Trust Report of the Trustees For the year ended 5 April 2024 The Trustees present thelr report and the financial statements of Horsforth Gospel Trust (7he Charity.) for the year ended 5 April 2024. The financial statements have been prepared in accordance with the accounting pdicies set out on pages 13-15 and comply vAth the Trust Deed and applicable law. StnA¢ture. governanee and management Goveming document The Charity is an unincorporated trust constituted by a Deed of Trust dated 1 May 1982, mcst recently amended by Deed of Variation dated 8 January 2015. The Trust was Tegistered with the Charlty CommissN)n for Eruland and Wales on 8 Decemter 1988 under Charty Regtstration Number 71))960. ReGruilment and appointment of new trustees The TNstees which have served during the year and since the year end are set out on page 2. None of the Trnstees, nor any person connected with them. received any remuneration or expenses from the Charity in the year ended 5 April 2024 (2023: £nll). The Trust werates two Gospel halls and Trustees are chosen from among the regular Lx)ngregan of the halls. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the 1ngregati0n. They are selected according to their skills and experience and are expeGted to Use both in further the objects of the Charity. Checks are made to ensure the Trustees, ellglbilty to art 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 Inforn links with Similar charMe8 With a view to poollng experience consldered usefjJl In pursulng the obJ8cts of the Charty. The Charty also rnalntalns partlcular Ilnks with Ash Gc>SFfjI H811 Trust and VTCtoria GosFel Hall Trus( wth which It shares members of its (xlngregation. Risk management The Trustees have idenllfied and revlewed the major risks to which the Chartty is exposed and confirm that they have estab15shed systems or prOdures to manage and mltlgate those rlsks. Objectives and activitles Objectives and alms The chariLgble purposes of the Charlty 8re the advancement of the Chrkstian religlon for th8 publtc benefrt, inGlu(fin9 by the carying on of the service of God in accordan with the Old and New Testaments of the Holy Bible as folowed by those Chrislians fomiing part of the worf&wide fellowship known as the Plymouth Brethren Christian Church (the'Brethren) and any other charitable purposes connected wth Brethren. The core doctrine of the Brethren and proper pradices in furtherydn of certain aspects of dfJG*rine are summarised in two schedules to the Trust Deed. A full report on the blic benefft activÈlies during the year is 8V8ilable &s a separate report. Public beneflt The TrLL8tees )nfirn that they have complied with tsir dLty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidan to chaTikies on pth)lic benef
Horsforth Gospel Hall Trust Report ofthe Trustees For the year ended 5 Awil 2024 Main actlvitles and achiovements The Charity provides and maintsins Iwo Gospel halls where relig)uS meetings are held by th8 local Brethren communty. Details of the origins, teachlngs and way of Jlfe of the Brethren can t£ found on the website-www. moulhbr renchristianchurch.or and in Ihe sthedu16S to the Trust Deed. The trusts main activitles thi$ year have been the mainterAnce and runnlng of the 8 Gospel Hall facilitses in Leeds in add5tlon we made a gr8nt to an affillated trust to support the purchase of a new site. We have also continued to eroage in outreach donations to persons in need. Plans for Futuro Periods Despite the increased cost of energy, the trustees feel that these increased Costs are not slgnTfi¢8ntly impacting on the ability of the charity to ¢¢tInUe as 8 going concem. Meetings Meetings he at the Gospel halls inctude the Lord's Supper {Communicfft), Gospel preachirvJs, Bible readlngs and Blble addresses. Ther8 Is a structured weeY schedule of m88tings and, dep8ndlryJ on the parfjcular meeting. between 30 and people n¢)rnally attend thesè occaS)n$. The meethgs are attended by the wular congregation and most ara open to other properly disposed visitors. Th nottce boards outside the Halts welcome visitc8 and display the tSmes of Gospel prea¢hir¥Js. along wlth a teleFthone number for those segking further infomiation or help. Gosp81 tracts. whic* are dlstributed by stre8t preachers. also dlsplay this infomiation. Bib18s and an extsnsivg range of other Christian reading materlal are on display at the halls and vtsitors are free to help theMSee$. Spreading thg Gospel message and the life of a Christlan The Gospel halls are a base from which the regular congregatlon and others who attend the meettngs are encouraged to Spad the Christian Gospel, Èn word and deed. Members of the congregath)n partidpate in a programme of street preaching and Gospel tracts are provided frea of charge by Charty to such preachers to be handed out to interested members of the public. In addition to street preachlng, members of the congregation actively support the work of the Rapid Reltef Team (RRT). whl¢h Is a separate charfty. in their support of local charities and people in need. The Chaiity also provKle storage spa¢e for thdr equlprn8nL In carryirvJ out thls work, the congregali)n ¢onsidors itself to be living out its falth in practice, as particularty exemplffigj in the follng extract from tr sthedule to the Tntst Daed on livirKJ a Christian 1Sfe: Wa seek and are encouraged to Ilve exemplary lives in all our relationships with others in Ihe wider communty Oncludlng fomer Brethren), in actsjrdance with the tea¢hiTV of Holy Scripture (1 Tim 22). We regularly go out from our hcthes to preach on the streets, to distribute Christian lfterature arKI engage wlth the wlder community {induding former Brethren) in order to present eternal salvation. available to all men by faith In Je8us Chrlsl (2 Tirn 4.2). We seek as members of the pubfic to lead Christlan Ilves as husbands and wes. parants, thildren. employers. employees and neighbours (Col 322-25. Col 4.1). The preseNalon and protsction of the f8mlly unit Is fundamental and thikjren are prized as blessing from God (Psalm 127".3-5). The elderty are valued members of the communlty, forwhom both their family and the wlder community are expecled to Care. Holy Scrtpture commands LL8 to be good neighl)ours to others. and deal with all othar people (Including fcfmer Brethn) openly, honestly and fairty and consistent with Ihese prn(xples. wo should gNe our time, tal8nts and mow to assist tho$e in need in the wider ¢ommunty. In so far as reasonable given our abilities and our avallablè resources (Matt 7.12, Matt 22.39, Eph 4.28).
Horsforth Gospèl Hall Trust Report of the TTUStaes Fthe year ended S April 2024 Fundlng Funding Is sought through gifts from the cOnegatiOn and Gift is c4aimed tsn ellgible donatFons. Funding is sornetimes received from other charitable trusts wlth cornplementary objectives. Flnanclal rnview Flnancial position In the year ended 5 April 2024, trje Charity had a surplus of incoming resources over rescwrces expended. Totsl incorne re¢eived this yearwas £1,095,523 compared to £491,031 in the previous year. After depreation of £115.467, there was a surplus of incoming resourc8s over resources expended of £599.768 (2023: £201,749). The Charity carrtes forward unrestricted reserves of £1260.480 8nd restricted reserve5 of £625.000. Reserves policy The Trustees have consldered the level of reser¥ps wish to retain, appropriate to the Charivs needs. based on tis size and the level of its financial commitments. The Chartty has no employees and tts regular outgolngs are minimal. AcGordingly. the Trustees have decided io adopt a policy of rnaintainlng no signrficant reserves cth8r than fund8 being accumulated to facilitate the purchase of an additional Gospel hall in lQngs Road, Bramhop& The congregation is kept regularly infomed as to parbcular needs for funds, and other relevant matters and the Trustees alm to ensure that the Charity will be able to continue to fum Ms charftsble objectives even ff there 1$ a temporary shortfall In Income or unexpected expenditure, by raising a funds appeal to the Congregatn. Free reser4es at the year end were £Nil {2023- £N). Statement of Trustees, responsibilities The Trustees are responsible for preparing the Report of the Trusts8s and the fin8nGlal ststements in acrffilance with applicable law and Unlted Kingdom Actounting Standards (United lfjngdom Generally Accepted Accnn9 Practice). The law appli¢able to charities In England and Wales, the Charities Aot 2011 and the provkslons of the trust deed requlres the Trustees te prepare finanrAal statements for each financial year which g(ve a true and fair view of the state of affairs of the Charty and of the inctming resources and application of resour of the Charity for that period. In prq)arfng these financial statements, the trustees are required to: select suitable accounting pali(ies and then apply them consistently.. follow applicable accounting standards and the Charities SORP disGlosing and XplainIng any d8parture in the financial statements; make judgements and estimates that are reasonable and prudenL prepare the financial statsm8rrts on the gokng concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Tnjstees are responsible for keeping proper accounting records which disclose wilh rea$orAble accuracy at any tim8 the ffinancial position of the Charty and to enable them to ensure thatthe finana21 statements o)mply with the Charitses Act 2011 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taknng reasonable steps for the prevention and detection of fraud and other irregularities. AJI traraCtIonS have been reviewed and approved by tsvo trustees.
Horsforth Gospel Hatl Trust Report of the Trustees For Ihe year ended 5 April 2024 Disclosure of infomiation to the audltors So far as the Trustees are aware, there is no infomiation relevant to the audlt of %thich the Charfty's auditors are unaware. The Trustees have taken the necessary ep$ to ensure that they themgelves are aware of all relevant audit Infomation and made sure Ihat the Charity's audltors are also aware of that irrfomiatlon. Approved by the Trust888 and signed on beha]f of the Board by: R Harding Trustee rl IJOC 2024
Horsforth Gospel Hall Trust Auditorf8 Report to the members of Horsforth Gospel Hall Trust We have audited the ffftandal statements of Horsforth Gospel Hall Trust (the 'Charty') for the year ended 5 April 2024 which comprtse the Statement of Financial Athilies, the Balance Shèet and the notes to the financial sLements. including a summary of significant accountng policies. The financial reporting framewryk that has 8pplied in their preparatJn is applicable law and Unrted lfjngdom Arxounting Standatds, including FinanGial Reporting Stsndard 102 The Tranal Reporting Standard applicable in the UKandRepubfic oflreland{United lfjngdom GenerallyAwted Accounting Practice). In our oplnion. the finanGial statements: - give a true and fair view of the state of the Charity's afrairs as at 5 Aprl 2024 and of (ts incomw resources and its application of resources for the year then ended" - have been prrty prepared in accordance with Untted Kingdom Generally AcLepted Accounting Practice: and - have been ppared in aGLxlrdan with the requirements of the Chartties Pd 2011. Basls for opinion We conducted our audtt in accordance with Intemational Stsndards on Auditing (UK) (ISAS (UIQ) and appllcable law. Our responsibilities under those stsndards are further descrt)pd in the Auditors responsibilities for the audit of the financial ststem8nts Secti of cr report. We are independent of the Charity in accordance with the ethical requ1ments that are relevant to our audit of the financial ststements in the UK including the FRC'S ElhI1 Standard, and we have fulfflled our other ethical respjngbilities In accordance Wbth these r8quirements. We believe that the audit evidence we have obtsined Is sufflclent arKI appropriets to provide a basis tr our opinion. ¢oncluslon relatlng to going con¢oTn In audEtirKJ thè financial ststements, we have conduded that the Trustees. use ol the golrvJ conc8m basls of accounting in the preparat1 of the financial statements is appropriate. Based on the work we have performed. we have not identified any Material uncertainties relating to events or condittons that. indlvldually cf colleGtively, may cast sIgnant doubt on the Charivs abilty to conllnua as a golng concamfor a period of at leasttsjelve months from when thefinancial statements are authorised for issue. Our responsibilities and the responslbi1Stles of thè Trusiaes with respectto golng concem are described In the relevant sethons of this report. Other inforniation The other infomiation Gomprlses the lnfonnatlc includthd In the annual report otherthan the lIrnCIal ststements and our auditorfs report thereon. The Trustees are responsible for the other infomation. Our opini{ on the financiai statements does not cover the other infomiation and, except to the exient otherwise expliatly stated in our reFOrt, we do not express any fonn of assurarrE cOndusn thereon. In conneotion with our auditof thefinancial statements, our responsibilty Is to read the other infonnation and. in doing so. nsider whether the other information is mater(alty iKonsistent Wtth the financial slatements or our knowledge obtsined In the audit or otherwise appears to be mateTially misstated. If we identify such material In0lstenC1es or apparent matsrial misstatements, we are required to determine whether there is a material misstatement In the financial statements or a material misstatement of the other InfomTrtion. If, based on the work we have perfomied, we nClude that there is a material misstatement of thi% other infcrniation. we are required to report Ihat lact. We have nothing to report in thls regard. ConlÉnued on next page
Horsforth G08pel Hall Trnst Independent Auditorfs Report to the member5 of Hoforth Gospel Hall TNst Continued from previous page Mattern on whlch we are requlred to report by &xc8plon We have nothing to report In respect of the ftllowing matters In relatton to which the Charities (Accounts and Reports) Regulations 2008 requlre us to report to you rf, in our oplnlon: - the infLYmation given in the Trustees. report is Inconslstent in any material respect with the financial ststements; or - sufficient accounting reGords have not been kep¢ or - the financial statements are not in agreement with the accountlng records: or - we have not recelved all the infomiatk)n and explanalrons we require for our audit. Responslbllltiès of trustees As explained more fully in the statennI of Trustee8' Responslbllities set OLrt on pag8 5, the Trustees are responsible for the preparation of the financial statéments and for b8ing salisfied that Ihey giv8 a tru8 and falr vlew. and for such intemal control as the Trustees detemlne is neSSary to on8b the preparation of financial statements that are free from materfal mi$staterrEnt whether due to fraud or In preparing the financtal statsments. the Trustees are responsible for assessirYJ the Charlty's ability to CorSnue as a golng conrn, diSc]0ng, as applicable, matters related to golng concern and using the going concem basls of accountlng unless the Trustees dther Intend to liquidate the Charity or to cease operations. or have no realislic altemattve but to do so. Audltorfs responslblltlies for the audlt of the financlal statemgnts We have been appoinled as auditor under se¢tion 144 of the Charities Act 2011 and report in accordan with the Act and relevant regulations made or having effect thereunder. Our oblectlves are to obtaln reasonable assurance abwt whether the financlal stslements as a whole are free from material misstatement vthether due to frdud or error. and to Issue an auditorfs report that includes our opinion. Reascfflable assurance is a high levd of assurance. but Is not a guarantee that an audit conducted in a¢¢ordartt ISAS (UK) will ahvays detect a matÈri81 misstatement when it exlsts. Misstatements can arÉse from fraud or error and are cOrldered matsrial rf. indlvldualty or in the aggregate, thèy could reasonably be expected to infiuence the ewnomic declslons of users taken on Ihe basi$ of these finandal $tatsments. A fvrther descripticfft of our responsibilities for the audit of the finala1 statements is I0ed on the Financial Reporting Council's website at: htto:lknv.frc.o .uklaudi forms part of OUT auditovs reporL onslbilities. This descripti Continued on next page
Horsforth Gospel Hall Tnjst Independent Auditorfs Report to the members of Horsforth Gospel Hall Trust Continued from previous pag8 Capablllty of the audlt In d8tsGting Irregularhles, Includlng fraud Irr8gulaiities, including fraud, are instsnce5 of nonwcompliance with laws and regulatlons. We design procedures In Ilne with our responsibilities, (Krtlhied abDve, to detect material mlsstatements in respect of irregulartties, including frnud. The k8y laws and gUlatIonS we have considered in thi5 context Induded th2 Charities Act 2011, pensh)n and tax legislation together the Charitses SORP FRS102 (Qctober 2019). In addition. we have considered provisions of other laws and regulalions that do nol have a direct effect on the financial statements bul compliance with which may be fundamental to the Charitys abilty to operate or to avoid a material penalty. The e*£ent to which our procodures are capable of detecting irregularities. including fraud is detailed below: U5irvJ our sector experience and through thscussions with the Trustees, we identified areas of laws and regulations that LX)uld reasonably be expected to have a material effect on the financial statements as well as those ari8ing from TTUStees' own assessment of the risks that iegUlar1tieS rnay occur either as a result of fraud or error. We examined the ChartV8 regulatory and legal coThespondence and discwsed with the Trustees any knovm or suspected instances of fraud or non40mplEan with laws and regulatlons. We cornmunicated and dlscussed Identlfied Saws and regulalons and potential fraud risks With all engagement team members and remained alert t¢ any indlrAtions of fraud or nonkncomplianco With laws and regulations throughout the audTL In addressing the risk of the Trusts8s ov8rrtde of controls, we tested the approprlateness of Joumal entries. We asc thallenged assumpt•)ns andiudgements made by Trustees the pparatIon of the finandal statements. We 8130 dusd related paty relationship$ and transactions involving Ihern. There are Inherent Ilmitatians in the audit prOdureS desubed above and the fijrther removed non- compllan¢e with laws and regulations is from the events and transadons refiectsd in the financlal statements, the less likely we would become aware of IL Also. the risk of not detecting a m8terial misststsment due to fraud Is hlgher than the rfsk of not detecling one from error, as fraud may involve deliberats conwdlment by. for example, forgery or intenltonal misrépresentations, orthrough collusion. Use of our report This pOrt is made Sole to th8 Charitys members, as a body, in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2008. Our audit work has been unéertaken so that we might state to the Charl$ members those matiers we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibiltyto anyone other than the Charty and the Charitys members as a body, for our alt work, for this report. or tor the opinions we have formed. Ghartered Acowntants Leigh House 28-32 St Paul's Street Leeds LS12 (t- 2024
Horsforth Gospel Hall Trust ststement of Financial A¢tivitl8S For the year ended 5 April 2024 Unrestricted Restrl¢ted Total funds Total funds fijnds fvnds 2024 Notes [rCIne DonatnS end legacles Maintenance fvnd Donations- gfft aid Donatlons- nonn% aid Grarts from affiliatad trust Investrnents 94.000 3854 333.790 94.0 38,854 333,7gO 625.000 3,879 95,000 30,957 3eA.098 625,000 3,879 976 Total income 470,523 625,000 1,095,523 491.031 Expenditure CharitafAe adivitiÈs Donations Grants to affiliated tnjst 420,760 420,760 275,222 14.060 75.000 75,000 Total expenditure 495.760 495,760 289.282 Net irKcnel(expenditure) for the year (25.237) 625,000 599,763 201,749 RecOrlallOn of fvnds Total funds brought fopward 2.285.712 2,285,712 1083,963 Total funds carried forward 2.260.475 625,1)00 2,885,475 2,285.712 All of the above actiwties are dassed as ntinUIng and there are no gains and losses other than those included above. The notes on pages 13 to 19 fomi part of these ffnanoal stat6ments. 10
Horsfoth Gospel Hall Trust Balance Sheet As at 5 April 2024 2024 2023 Fixed as8ets Tangible fixed assets 10 3,189,289 3,291,093 Current assets Debtors Cash at bank and In hand 14,224 737,362 15.149 230,008 751,586 245,157 Credltors: amounts fallln9 due wlthin one year 12 205.41X) 400,538 Net curr8M assetsl(IlabllHies) 546,186 (155,381) Tolal assets less current liabilities 3.n5,475 3,135.712 Creditors: amounts falling due after more than one year 12 (850,1)00) (850,000) Total net assets 2,885,475 1285.712 Funds Unrastricted income fund Restricted funds 2.260.475 625,() 2.285,712 Totsl fvnds 13 2.885,475 2285.712 Approved and authorised for issue by the TTUStees of Horsfuth Gospel Hall Trust on and signed on their behalf by: 2024 R Harding Trustee The notes on page5 13 to 19 fomi part of these firrancial statements. 11
Hornfoth GosFel Hafi Trust Cash Flow Statement As at 5 April 2024 2024 2023 Cash flows from operating a¢Ovities Net ing)me Adjustsnents for: DepcIat[on of tangible assets Decreasel{increase) in other debtors (Decreaseyincrease in trade and other creditors 599,763 201,749 115,467 925 (5,138) 114.678 (4.357) 1,199 Net Cash frornl(used inl operating acbvities 711.017 313.269 Cash tTows from investing activÉlies Repayrnents of loans Cash Inflow from new loan Purchase of tsngible assets (190,000) (390,000) 190.OC(I (89,565) (13.663) Net cash used In Inveir0 a¢tswties (203,663} (289,565) Change In cash and G3sh equtvalents n the year 507,354 23,704 Cash and cash equivalents at the beginning of year 230,008 206.304 Cash and cash equlvalents at the end of year 737,362 230.008 Analysis of changes In n&t debt At 6 Apfjl 20Z3 Cash flows At5Apr 2024 Cash 230,008 507,354 737.362 230.008 507,354 737.362 Loans falling dLJe within one year Loans falling due after more than one year (390,000) (850.000) 190,000 (2CK).000) [850.0) (1,240,000) 190,000 {1.050,000) Total (1,009,992) 697.354 (312.638) The Th)tes on pages 13 to 19 form part of these Ilnandal statements. 12
Horsforth Gospel Hall Trust Notes to the Financial Statements For the year eThJed 5 April 2024 Accounting policies 1.1 Basis of PreParat)n and going wncern The financial statements have been prepared under the historical cost conventlon modffied, where appropriats. to include certain Items at fair valué and in accordance wlth applicable accountlng standards. the Statement of Recommended Pradlce: Accountlng and Reportng by Charitles prewing their accounts in accordance with the FlnanciaS Reporting Standard applicable in the UK and Republic of Ireland (Chaiitses SORP FRS 102) (effe¢tivè 1 January 2019) and the FinancEal Reporting Standanl applicable n the United KIT¥Jdom and Republic of Ireland (FRS 102} and the Chariiies Act 2011. The presentstion currency is £ sterfing and the financiat ststements have be rounded to the nearest £1. The Charity meets the definibon of a public benefit entSty under FRS 102. The Trustees consider that Ihere are no material uncatslnlles about the charl1$ ability to ¢onlnue as a golng concern. 1.2 Inccffie Donations are recounlsed In the year in vthich there is entitlement and probabllity of recelpl and the amount can be measured wth reasonable certalnty. Income is only deferred when the Charity has to fvlfil conditions before bemIng entitled to it or thre the donor has speCifd that the Income Is to be exp8nded in a future year. Gift aid is added to the value of the donation to wh5ch it relates. Donated services are recognised as income and expendthre in the financial statsments when organisations or individuals offertheirservlces and support pro bono. The value of these donated servsces to Hor5forth Gospal Hall Trust is considered to be equal to market value whth would be paid were the seNice fomialty procured. This includes services pald for by other trusts. Investment Income Is a¢Unted for on a re1vable basls. 1.3 Expenditure Expenditur8 Is Included an accruals basis. Liabilities are recogntsed as soon as there bs a legal or construth8 obli9aticn committing the charity to pay out resources. Charitable acttvilies cc*npri8e those costs directly attributable lo the fulfdmenl of the charitabl8 obJacts. 1.4 Goveman¢e and support Cot$ Supp)rt costs hav8 been alloGated betsveen govemance costs and other support Costs. Governan costs comprise all costs Involving tha publi¢ accountabilty of the Chatlty and costs related to statutory requlrements. G0Veman and support costs are allocated on the basis of charitable activlty. 13
Horsforth Gospel Hall Trust Notes to the Flnancial Statements For the ye8r gnded 5 April 2024 ACCOUnng policies - contlnued 1 S Tangible fixed assets and depreoation Tangible fLYed a8sets are ststed at cost less depreciation. Freehold land is not depreciated. Depreciatlon ts provided at rates Calculated to write off Ihe less estimated residual value. of each asset over its expected useful lrfe as follows: Freehold buildings and refvrbishment Fixtures and frtlings 5% straight line 15% straight line Freehotd propty and refurbFshment wKludes a property purthased during a prior year which is undergoing CVerSiOn into a Gospel Hall and as such ts not in use. No depreGiation has been charged on this asset during the year. 1.6 Taxation The CharSty is a reglstered charity and is not riabl8 to United lfjngjom income cr COTporation tsx on charitable activities, provided income falls within the chatitable exernpttons is spent on charitable purposes. 1.7 Funds The general unrestriGted fiJnd is free for the Trustses to usè for any purposes In furtherance of the Charivs charitab18 objects. Restricted funds arise from donations to the Charity, whlch are made for a specific purF¥)S8. Restricted funds can onty be used for the purpose for lch funds wera given. 1.8 Cash at bank and In trAnd Cash at bank and in trnd include cash in hand and d8posits held at call with bank8. 1.9 Impaiment of red assets At each reporting end date, the Ch*ity reviews the carrying amounts of its tangible assets to detemine whetherthere is any indication thatthoso assets hav8 suffered an impairment loss. If any such indication exists. Ihe re¢overable arrKnt of the asset is estimated in orderlo detemiine the extsnt of the impairment loss (rf any). Recov8rable amount is the hrgher of fair vatue less costs to sell and value in use. In assessing value in use. the @stimated future wh flows are diswunted to their present value usiThJ a pr tax discount rate that refiects [rent market ass&ssfflents of the time value of rnoney and the risks specafic to the asset for 1¢h the estimates of fLrtLrre (xsh fiows have not been adjusted. tfthe recoverdble amount of an asset is estimated to be lessthan its carrying amount. the carying amount of the asset is reduced to its recoverable amount An impairment loss is recogntsed immediately in incomelexpenditure for the year. RecOgnEs impalmient losses are reversed rf. and only rf. trie reasons for the impalrment Ioss have ceased to appty. Where an impainient loss subsequently reVee$. Ihe cang amount of the asset is increased to the r8vlsed estimate of Its recoverable amount. but so that the increased carrying amount d08s r))t exceed Ihe carrying amount that would have been detemined had no impalnnent loss been recogni8ed for tt)e assel in prior years. A reversal of an impalnnent loss is re¢ognlsed immediately. 14
Horsfoth Gospel Hall Tnjst Notes to the Financtal Stst8ments For the year ended S April 2024 Accounting poll¢ies- Gontinued 1.10 Financial instrurnents Short temi debtors and creditors are not irrterest bearing and are stated at orpJinal Invoiced amounts. The Charity has recewed a number of concesstonary loans which are for the fUrtIranCe of its charitable objectlves. Con¢essionary loans repayable on demand are inckjded In edItorS falling du8 wilhin one year arKI are sLed at transaction price. Concessionary loans which are not repayable on demand and which the Charity has no reasonable expectation to repay within te1ve months from the balance sheet date are included in credltDrs falling due after more than one year and are statsd at the amount received adjustsd for any repayments. Trustees. remuneration and expenses No Trustees recéived any remuneration or other benefrts from an employment with the Charity and no Trustees were reimbursed expenses (2023: none). Wages and salaries There were no employees duTing the year {2023: none). Maintenance fijnd 2024 2023 Contiibutlons to runnlng c08ts 94,000 95,000 Donations 2024 2023 Donations- restricted Donallons- unrestrktsd 372,644 394,655 372.644 395.055 Donatlons- 9Tft ald Donatlons- nonfft aid 38,854 333,790 30.957 364.098 372,644 395,055 15
Horsfarth Gospel Hall Trust Notes to the Fnancial Statements For the year ended 5 April 2024 Charltable a¢tivriies 2024 2023 Depwlation and impalment Hall running sts Hall runnir@ costs~ hshley Gospel Hall Tru8t Hall runnlro costs- Vlctoria Gospel H811 Supp)rt costs ($88 note 7) Govemance costs (see note 7) 115,467 241,477 44,854 114,678 83,877 56,866 5.930 1.500 12,371 1,879 17,083 420,760 275,222 Amatysis of fund unrestr fjjnds Restrlcted funds 420,760 275.222 420,760 275.222 Support Costs Support Goveman 2024 Total 2023 Totsl T8lephone Bank charges Legal and prof8sslonal Auditors remuneration 1.582 297 1,582 297 12,283 4,800 1,319 181 6,731 5,640 12,283 4,800 Total 1.879 17.083 18,962 13,871 Donations 2024 2023 Dorbatk)ns to members of the congregatlon- restrlcted fijnds t)onatnns to associated gospel halls- unrestricled fvnds 2,300 11,760 14,060 16
Horsforth Gospel Hall Trust Notes to the Financial Statements For the year ended 5 Aprll 2024 Affiliated trust grants For the year ended 5 Aprl 224. grants lotalling £75.000 (2023: £nl1) were made to the Ashley Gosrel Hall Trust The Ashley Gospel Hall Trust is a registered charity under (knr5ty number 700672. The Horsforth Gospel Hall Trust aNJ the Ashley Gospel Hall Trust have the same objectives and aims and share members of the same t>Jngregation. A restiicted grant of £625.OOOwas rerxived fTDm Ashley Gospel Hall Trust during the year. These funds are retained for any potential gospel hall acquisiiions in the future. 10. Tangible fixed assets Freehold property and eflShnt Furniture. fixtures and fittings Total Cost At 6 4)ri12023 Additions 4,914,478 12,601 24.421 1,062 4.938.899 13.663 At 5 April 2024 4,927,079 25,483 4,952562 Depreciation At 6 April 2023 Charge for the year 1,624.610 115,CL92 23,196 375 1,647,806 115,467 At 5 April 2024 1,739,702 23.571 1,763,273 Net book valua At 5 April 2024 3,187,377 1.912 3,189.289 At 5 April 2023 3,289,868 3,291,093 Ail fixed assets are utiltsed by the Charity in furtherdre of its charitable activitie& Freehotd property and refurbsshment irmaudes a propety purd*sed in a preVicS year which is under90ing conversion into a Gospet hall. As such, this asset has not yet been brought into use and is not beirKJ depreciated. Included in freehold property is Horsforlh Gospel hall included at land registy undertile number WYK510540 and Bramhope Park Hajl under Ésde numbers WYK268813 and WyK4%. These tilles are registsred uTrder the names of the Trustees on behalf of the Chariiy. Debtors 2024 2023 Gift aid recov8rable Prepayments 7,611 6.613 11873 1276 14.224 15,149 17
Horsforth Gospel Hall Trust Nots8 to the Flnancial Ststernents For the year ended 5 Aprfl 2024 12. Credltors 2024 2023 Amounts falling due wlthln one year Loans to trust- Thomfield Gospel Hall Trust (i) Loans to trust- C1 G H Twst Credltor5. accrued expenses and deferred income 200,000 200,1 190,(1(M) 10.538 5,400 205.400 400,538 (i) The 'Loans to trust- Thomfield Gospel Hall Trusf has b88n received by the Charity with the express provisicm that these funds are used strictly in the furtherance of its ststed charitsble purposes. The lerKler reser the right to recall all or the remaning balance of the ban at any time. glving 3 months. notice in writing. Amounts falling due after more than one year 2024 2023 Loans to Irust- Oakleigh TNst (°or) 01) Loans to trust- Pointsr Group Ltd (°PG Ltrf) {111 Loans to trust- Hazel Products UK Ltmlted ("HP Ltd.) (Il) Loans to ttust- RNEJ Holdings Limited ('RH Ltd") (11) 212,500 211500 212.500 211500 212.500 212.500 212.500 211500 850.IXIO 850.000 (li) The 'Loans to trusv owed to OT, PG Ltd, HP Ltd and RH Ltd relate to the acquisition of the Bramhope Park Hall site in a prM)r year. These loans are repayable on the earlier of the disposal of the Bramhope Park Hall site orwithin 25 years. Thes8 loans are interest free. All loans to trp Charfty have been accounted for as ¢oncessionary loans. 13. Analysls of net assets betsve8n fund8 Tolal fiJrKIs 2024 Total funds 2023 Unrestricted funds Restricted funds Tangible fixed agsats Current assets Current liabilities Creditors: amounts falling due after more than one year 3,189289 126,586 {205AOO) 3.189.289 751,586 (205,4QO) 3,291.093 245,157 {400.538) 625.000 (850,OthJ) (850.000) (850.000) Totsl funds 2.260,475 825.000 2,885,475 2,285,712 18
Horsforth Gospel Hall Tru8t Notes to the Fi)ancial Statements For the year ended 5 April 2024 14. Movement in funds Balance at 6 April 2023 IrKoming resources Resource5 Balance at expended 2024 5 Aprd 2024 Restrlcted funds Unrestricted funds 625,000 470.523 625.000 2,260,475 2.285,712 {495.760) Total fvnds 2.285,712 1.095.523 (495.760) 1885.475 Balance at 8 April 2022 In¢omlng ources Resources expended Balance at 5 April 2023 2023 Restricted funds Unrestricted fiJnds 1,900 2,Q82.063 400 490,631 (2.31JO) (28e,982) 2,285,712 Total funds 2,083.963 491.031 (289,2821 Z285,712 15. Transaction8 Wtlh related parties Durfng the year endad 5 April 2024 aggregate donations from related parties amLwnted to £174,251 {2023: £157.500). In acldiknon, cleaning products were purchased from a business of a trustee amounting to £868 {2023: £711). Included withln cr8ditor8 falling due after rTr)re than one year are loans of £425.000 from enfjtles in which trustees are directors and have a sharehddlng Interest. 16. Volunteers HoTsforth Gospgl Hall Trust rèlSes antir8ty on volunteers to cary out the managemen( administraUon end general maintenance work Charity has no paid staff or paid Irustses. 19