2025-04-05-accounts

Charity number: 700960

HORSFORTH GOSPEL HALL TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS Year ended 5 April 2025

Brown Butler Chartered Accountants Leeds

Horsforth Gospel Hall Trust

Contents

	Pages
Reference and Administrative Details	2
Report ofthe Trustees	3-6
Independent Auditor’s Report	7-9
Statement of Financial Activities	10
Balance Sheet	11
Cash flowstatement	12
NotestotheFinancialStatements	13—20

4

Horsforth Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2025

Charity Name	Horsforth Gospel Hall Trust
Registered Charity Number	700960
Trustees	Mr C V Anderson
	Mr R Harding
	Mr LArmstrong
	MrN Christie (Chairman)
	Mr D W Stutterheim
Treasurer	MrR Harding
Principal Address	Horsforth Gospel Hall
	Brownberrie Lane
	Horsforth
	Leeds
	LS18 5HE
Statutory Auditor	Brown Butler
	Chartered Accountants
	Leigh House
	28-32 St Paul’s Street
	Leeds
	LS1 2JT
Bankers	NatWest
	PO Box 955
	First Floor
	1 Humber Quays
	Wellington StreetWest
	Hull
	HU12BN

2

Horsforth Gospel Hail Trust

Report of the Trustees For the year ended 5 April 2025

The Trustees present their report and the financial statements of Horsforth Gospel Trust (“the Charity’) for the year ended 5 April 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 13-15 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 1 May 1982, most recently amended by Deed of Variation dated 8 January 2015. The Trust was registered with the Charity Commission for England and Wales on 8 December 1988 under Charity Registration Number: 700960.

Recruitment and appointment of new trustees

The Trustees which 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 5 April 2025 (2024: £nil).

The Trust operates two 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 Charity. The Charity also maintains particular links with Ashley Gospel Hall Trust and Victoria 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 or procedures 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. A full report on the public benefit activities during the year is available as a separate report.

Public benefit

The Trustees confirm that they have complied with their duty under section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance to charities on public benefit.

Main activities and achievements

The Charity provides and maintains two 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 — vay. ily? poulhbrethrenatwistspchurcn.erg and in the schedules to the Trust Deed.

The trusts main activities this year have been the maintenance and running of 8 Gospel Hall facilities in Leeds, in addition we made a grant to an affiliated trust fo support the purchase of a new site. We have also continued to engage in outreach donations to persons in need.

3

Horsforth Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2025

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.

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 600 people normally attend these occasions. °

The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice boards outside. the Halls welcome visitors and display 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 encouragedto 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 addition to street preaching, members of the congregation actively support the work of the Rapid Relief Team (RRT), which is a-separate charity, in their support of local charities and people in need. The Charity also provide storage space for their equipment.

• In carrying out this work, the congregation considers itself to be living out its faith in practice, as particularily 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 Scripture (1 Tim 2:2).

• e We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage with the wider community (including former Brethren) in order to present eternal salvation, available to all men by faithin Jesus Christ (2 Tim 4:2).

• ° We seek as members of the public to lead Christian lives as husbands and wives, parents, children, employers, employees and neighbours (Col 3:22-25, Col 4:1).

• ° The preservation and protection of the family unit is fundamental and children are prized as a blessing from God (Psalm 127:3-5). 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 assist those in need in the wider community, in so far as reasonable given our abilities and our available resources (Matt 7:12, Matt 22:39, Eph 4:28).

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.

4

Horsforth Gospel Hall Trust

Report of the. Trustees For the year ended 5 April 2025

Financial review

Financial position

In the year ended 5 April 2025, the Charity had a deficit of incoming resources over resources expended. Total income received this year was £402,359 compared to £1,095,523 in the previous year. Total income includes investment interest of £33,538 (2024: £3,879). After depreciation and a property impairment loss totalling £186,519, there was a deficit of incoming resources over resources expended of £743,642 (2024: surplus £599,763). The deficit has arisen primarily due to grants paid to an affiliated trust as detailed in note 8. ,

The Charity carries forward unrestricted reserves of £2,141,833 and restricted reserves of Enil.

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 Charity has no employees and its regular outgoings are minimal. Accordingly, the Trustees have decided to adopt a policy of maintaining no significant reserves other than funds being accumulated to facilitate the purchase of additional Gospel halls. 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 £Nil (2024: ENil).

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 and the provisions of the trust deed requires 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 of the Charity for.that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• ~ follow applicable accounting standards and the Charities SORP disclosing and explaining any departure in the financial statements;

• make judgements and estimates that are reasonableand prudent; _

• • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

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 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.

5

Horsforth Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2025

Disclosure of information to the auditors

So far as the Trustees are aware, there is no information relevant to the audit of which the Charity’s auditors are unaware. The Trustees have taken.the necessary steps to ensure that they themselves are aware of all relevant audit information and made sure that the Charity’s auditors are also aware of that information.

Approved by the Trustees and signed on behalf of the Board by:

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Trustee
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12 January 2026

6

Horsforth Gospel Hall Trust

Auditor’s Report to the members of Horsforth Gospel Hall Trust

eee We have audited the financial statements of Horsforth Gospel Hall Trust (the ‘Charity’) for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the notes to the financial statements, 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 Financial Reporting Standard 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 5 April 2025 and of its incoming resources and its application of resources for the year then ended:

• ~ have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• • have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

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 Auditor's 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.

Conclusion 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 performed, we have not identified 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.

Other information °

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 explicitly 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 information 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 weidentify 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.

Continued on next page

7

Horsforth Gospel Hall Trust

Independent Auditors Report to the members of Horsforth Gospel Hall Trust

Continued from previous page

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, inour[opinion:]

• the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or

• sufficient accounting records have not been kept; or

• the financial statements are'‘not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 5, the Trustees 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.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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.

A further description of our responsibilities for.the audit of the financial statements is located on the Financial Reporting Council's website at: htth://www.fre.org.uk/auditorsresponsib'iies, This description forms part of our auditor's report.

Continued on next page

8

Horsforth Gospe! Hail Trust

Independent Auditor’s Report to the members of Horsforth Gospel Hall Trust

Continued from previous page

Capability of the audit in detecting irregularities, including fraud 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 key laws and regulations we have considered in this context included the Charities Act 2011, pension and tax legislation together with the Charities SORP FRS102 (October 2019). In addition, we have considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity’s ability to operate or to avoid a material penalty. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• e Using our sector experience and through discussions with the Trustees, we identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements as well as those arising from Trustees” own assessment of the risks that irregularities may occur either as a result of fraud or error.

• e We examined the Charity’s regulatory and legal correspondence and discussed with the Trustees any known or suspected instances of fraud or non-compliance with laws and regulations.

• e We communicatedand discussed identified laws and regulations and potential fraud risks with all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

• e In addressing the risk of the Trustees override of controls; we tested the appropriateness ofjournal entries. We also challenged assumptions and judgements made by Trustees the preparation of the financial statements. We also discussed related party relationships and transactions involving them.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of our report

This report is made solely to the Charity’s members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 accept 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.

rm rown Butler , Chartered Accountants Leigh House 28-32 St Paul's Street Leeds LS1 2JUT

12 January 2026

9

Horsforth Gospel Hall Trust

Statement of Financial Activities For the year ended 5 April 2025

		Unrestricted	Restricted	Totalfunds	Total funds
		funds	funds	2025	2024
	Notes	£	£	£	£
Income
Donations and legacies
Maintenance fund	4	84,000	-	84,000	94,000
Donations— gift aid	§	30,950	-	30,950	38,854
Donations ~ non-gift aid	5	253,871	-	253,871	333,790
Grants from affiliated trust		-	-	-	625,000
Investment income		33,538	-	33,538	3,879
Total income		402,359	-	402,359	1,095,523
Expenditure
Charitable activities	6	346,001	-	346,001	420,760
Grants to affiliated trust	8	175,000	625,000	800,000	75,000
Total expenditure		521,001	625,000	1,146,001	495,760
Net (expenditure)/income fortheyear		(118,642)	(625,000)	(743,642)	599,763
Reconciliation offunds
Total funds broughtforward		2,260,475	625,000	2,885,475	2,285,712
Totalfundscarriedforward		2,141,833	-	2,141,833	2,885,475

All of the above activities are classed as continuing and there are no gains and losses other than those included above.

The notes on pages 13 to 20 form part of these financial statements.

10

Horsforth Gospel Hall Trust

Statement of Financial Activities As at 5 April 2025

				(restated)
			2025	2024
	Note		£	£
Fixed assets
Tangible fixed assets	9		3,474,654	3,652,365
Current assets
Debtors	10	8,656		14,224
Cash at bank and in hand		318,345		737,362
		327,001		751,586
Creditors: amounts falling due within
one year	11	809,822		205,400
Net current (liabilities)/assets			(482,821)	546,186
Total assets less current liabilities			2,991,833	4,198,551
Creditors: amounts falling due after
more than one year	11		(850,000)	(850,000)
Netassets			2,141,833	2,885,750
Funds
Unrestricted income fund			2,141,833	2,260,475
Restricted funds			-	625,000
Totalfunds	12		2,141,833	2,885,475

Approved and authorised for issue by the Trustees of Horsforth Gospel Hall Trust on.12 January 2026 and signed on their behalf by:

Finding vleetieeseees Trustee

.

The notes on pages 13 to 20 form part of these financial statements.

114

Horsforth Gospel Hall Trust

Cash Flow Statement As at 5 April 2025

				(Restated)	(Restated)
			2025		2024
			£		£
Cash flows from operating activities
Net (expenditure)/income			(743,642)	599,763
Adjustments for:
Depreciation of tangible assets			186,519	115,467
Decrease in debtors			5,568	~	925
Decrease in creditors			-		(5,138)
Investment income			(33,538)		(3,879)
Netcash (used in)/from operating activities			(585,093)	707,138
Cash flows from investing activities
Purchase oftangible assets			(8,808)	(13,663)
Investment income			33,538		3,879
Netcash provided by/(used in) investing activities			24,730	(9,784)
Cash flows from financing activities
Repayment of borrowing			-	(190,000)
Proceeds from new borrowing			141,346		-
Netcash provided by/(used in) financing activities			141,346	(190,000)
Net (decrease)/increase in cash and cash equivalents			(419,017)	507,354
Cash andcash equivalents atthe beginning ofyear	year		737,362	230,008
Cash and cash equivalents atthe end ofyear			318,345	737,362
	(Restated)
Analysis ofchange in net debt	At 6	April	Cash		At5 April
	2024		flows Other		2025
		£	£ £		£
Cash	737,362		(419,017)		318,345
	737,362		(419,017)		318,345
Loans falling due within one year	(200,000)		(141,346) (463,076)		(804,422)
Loans falling due afterone morethan year	(1,313,076)		- 463,076		(850,000)
	(1,513,076)		(141,346) -		(1,654,422)	*
Total	(775,714)		(560,363) -		(1,336,077)

12

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

1. Accounting policies

1.1. Basis of preparation and going concern

The financial statements have been prepared under the historical cost convention modified, where appropriate, to include certain items at fair value and in accordance with applicable accounting standards, 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 (Charities SORP FRS 102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The presentation currency is £ sterling and the financial statements have been rounded to the nearest £1.

The Charity meets the definition of a public benefit entity under FRS 102.

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

• 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 Horsforth Gospel Hal! 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.

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 directly attributable to the fulfilment of the charitable objects.

14 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 on the basis of charitable activity.

13

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

1. Accounting policies - continued

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Freehold Jand 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 and refurbishment 5% straight line Fixtures and fittings 15% straight line

Freehold property and refurbishment includes a property purchased during a prior year which is undergoing conversion into a Gospel Hall and as such is not in use. No depreciation has been charged on this asset during the year.

• 1.6 Taxation

The Charity 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 Charity’s charitable objects. ,

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

• 1.8 Cash at bank and in hand

Cash at bank and in hand include cash in hand and deposits held at call with banks.

• 1.9 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pretax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/expenditure for the year.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately.

14

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

1. Accounting policies - continued

1.10 Financial instruments

Short term debtors and creditors are not interest bearing and are stated at original invoiced amounts. charitableThe Charityobjectives.has receiveda number of concessionary loans which are for the furtherance of its

Concessionary loans repayable on demand are included in creditors falling due within one year and.are stated at transaction-price.

Concessionary loans which are not repayable on demand and which the Charity has no reasonable expectation to repay within twelve months from the balance sheet date are included in creditors falling due after more than one year and are stated at the amount received adjusted for any repayments.

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 (2024: none).

1. Wages and salaries

There were no employees during the year (2024: none).

• 4, Maintenance fund

4,	Maintenance fund
		2025	2024
		£	£
	Contributions to running costs	84,000	94,000
5.	Donations
		2025	2024
		£	£
	Donations— restricted	-	-
	Donations — unrestricted	284,824	372,644
		284,821	372,644
	Donations— gift aid	30,950	38,845
	Donations — non-gift aid	253,871	333,790
		284,821	372,644

15

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

6.	Charitable activities
				2025	2024
				£	£
	Depreciation and impairment			186,519	115,467
	Hall running costs			130,811	241,477
	Hall running costs— Ashley Gospel Hall Trust			11,938	44,854
	Support costs (see note 7)			3,018	1,879
	Governance costs (see note	7)		13,715	17,083
				346,001	420,760
	Analysis offund
	Unrestricted funds			346,001	420,760
	Restricted funds			-	-
				346,001	420,760
7	Support costs
		Support costs	Governance costs	2025 Total	2024 Total
		£	£	£	£
	Telephone	2,617	-	2,617	1,582
	Bank charges	401	-	401	297
	Legal and professional	-	8,315	8,315	12,283
	Auditors remuneration	-	5,400	5,400	4,800
	Total	3,018	13,715	16,733	18,962

8. Affiliated trust grants

For the year ended 5 April 2025, grants totalling £800,000 (2024: £75,000) were made to the Ashley Gospel Hall Trust. The. Ashley Gospel Hall Trust is a registered charity under charity number 700672. The Horsforth Gospel Hall Trust and the Ashley Gospel Hall Trust have the same objectives and aims and share members of the same congregation.

During the year ended 5 April 2024 a restricted grant of £625,000 was received from: Ashley Gospel Hall Trust. This amount has been included in the grant of £800,000 for the purchase of a gospel hall within Ashley Gospel Hall Trust.

16

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

9. Tangible fixed assets

Tangible fixed assetsassets
	Freehold		(Restated)
	property and	Furniture, fixtures
Cost	refurbishment Eg	and fittings £	Total g
At 6 April 2024	5,390,155	25,483	5,415,638
Additions	8,808	-	8,808
At 5 April 2025	5,398,963	25,483	5,424,446
Depreciation
At 6 April 2024	1,739,702	23,571	1,763,273
Charge for the year	115,533	375	115,908
Impairment loss	70,611	-	70,611
At.5 April 2025	1,925,846	23,946	1,949,792
Net book value
At 5 April 2025	3,473,117	1,537	3,474,654
At5April2024	3,650,453	1,912	3,652,365

All fixed assets are utilised by the Charity in furtherance of its charitable activities.

Included in freehold property is Horsforth Gospel hall included at land registry under title number WYK510540, Creskeld Drive WYK289157 and Bramhope Park Hall under tithe numbers WYK268813 and WYK479696. These titles are registered under the names of the Trustees on behalf of the Charity.

As part of their impairment review at the year end, the Trustees included a review of the carrying value of the freehold property at Creskeld Drive WYK289157 in light of the agreed sale of the property after the year end.” |

The sale price indicated that the property’s recoverable amount at the reporting date was lower than its carrying value. Accordingly, an impairment loss of £70,611 has been recognised within expenditure on charitable activities in the Statement. of Financial Activities.

Following the adjustment, the carrying amount of the property at 5 April 2025 is £392,464.

10.	Debtors
		2025	2024
		F	£
	Gift aid recoverable	3,895	7,611
	Prepayments	4,761	6,613
		8,656	14,224

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:

Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

11. Creditors

			2025	2024
Amounts falling		due within one year	£	£
Loans to trust	-Thornfield	Thornfield Gospel Hall Trust (i)	200,000	200,000
Loans to trust—G & F Christie (ii) Loans to trust—-E &SASoulsby (ii)			231,538 231,538	- -
Loans to trust	—Ashley	Ashley Gospel Hall Trust	141,346	-
Creditors and	accrued expenses		5,400	5,400
			809,822	205,400
Amounts falling		due after more than one year
				(Restated)
			2025	2024
			£	£
Loans to trust—	—G	G & F Christie (ii)	-	231,538
Loans to trust—	—	E & SA Soulsby (ii)	-	231,538
Loans to trust—	—	Oakleigh Trust (“OT”) (iii)	212,500	212,500
Loans to trust—	—	Pointer Group Ltd (“PG.Ltd”) (iii)	‘212,500	212,500
Loans to trust	-	Hazel Products UK Limited (“HP Ltd”) (iii)	212,500	212,500
Loans to trust	-RNEJ Holdings Limited (“RH Ltd”) (iil)		212,500	212,500
			850,000	1,313,076

• (i) The ‘Loans to trust - Thornfield Gospel Hall Trust’ has been received by the Charity with the express provision that these funds.are used strictly in the furtherance of its stated charitable purposes. The lender reserves the right to recall all or the remaining balance of the loan at any time, giving 3 months notice in writing.

• (ii) The ‘Loans to trust - G & F Christie and E & SA Soulsby’ relate to the acquisition of the Creskeld Drive WYK284157 in a prior year. Subsequent to the year end, the Charity completed the sale of the- property for £392,464. In accordance with the related loan agreements, the sale proceeds were applied in repayment of the loans, and the lenders waived the remaining balance of £70,611.

The waivers occurred after the year end and will be recognised as income in the following year’s Statement of Financial Activities.

• (iii) The ‘Loans to trust’ owed to OT, PG Ltd, HP Ltd and RH Ltd relate to the acquisition of the Bramhope Park Hall site in a prior year. These loans are repayable on the earlier of the disposal of the Bramhope Park Hall site or within 25 years.

These loans are interest free.

• All loans to the Charity have been accounted for as concessionary loans.

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Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

12. Analysis of net assets between funds

		Unrestricted	Restricted	Total funds	(Restated) Total funds
		funds	funds	2025	2024
		£	£	£	£
	Tangible fixed assets	3,474,654	-	3,474,654	3,652,365
	Current assets	327,001	-	327,001	751,586
	Currentliabilities	(809,822)	-	(809,822)	(205,400)
	Creditors: amounts falling
	due after more than oneyear	(850,000)	-	(850,000)	(1,313,076)
	Total funds	2,141,833	-	2,141,833	—-2,885,475
13.	Movement in funds
		Balance at	Incoming	Resources	Balance at
	2025	6 April 2024	resources	expended	5 April 2025
		£	£	£	£
	Restricted funds	625,000	-	(625,000)	-
	Unrestricted funds	2,260,475	402,359	(521,001)	2,141,833
	Total funds	2,885,475	402,359	(1,146,001)	2,141,833
		Balance at	Incoming	Resources	Balance at
	2024	6 April 2023	resources	expended	5 April 2024
		£	£	£	£
	Restricted funds	-	625,000	-	625,000
	Unrestricted funds	2,285,712	470,523	(495,760)	2,260,475
	Totalfunds	2,285,712	1,095,523	(495,760)	2,885,475

14: Transactions with related parties

During the year ended 5 April 2025 aggregate donations from related parties amounted to £174,251 (2024: £157,500). In addition, cleaning products were purchased from a business of a Trustee amounting to £868 (2023: £711).

Included within creditors falling due after more than one year are loans of £425,000 (2024: £425,000) from entities in which trustees are directors and have a shareholding interest.

15. Volunteers

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

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Horsforth Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2025

16 Prior period adjustment

During the year, the Trustees identified that a freehold property and the corresponding liabilities amounting to £463,076 had been omitted from the prior years’ financial statements. The error has been corrected by recognising both the freehold property and the related liabilities in the comparative figures in these financial statements.

Effect of the restatement on the balance sheet:

	5April 2024		5 April 2024
	As previously		AS
	reported	Adjustment	restated
	£	&€	£
Tangible fixed assets	3,189,289	463,076	3,652,365
Creditors: amounts falling due after
more than one year	(850,000)	(463,076)	(1,313,076)
Netassets	2,885,475	-	2,885,475

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