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2021-04-05-accounts

Charity Registration No: 1159124

Waterlooville Gospel Hall Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2021

Waterlooville Gospel Hall Trust

Contents

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Pages
Reference and administrative details 3
Report of the trustees 4-9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13-18
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Waterlooville Gospel Hall Trust

Reference and administrative information For the year ended 5 April 2021

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Charity name Waterlooville Gospel Hall Trust
Registered charity number 1159124
Trustees Mr T Knight (Chair)
Mr K Reynolds
Mr J Spencer
Mr P Woodcock
Mr R Albon
Treasurer Mr K Reynolds
Principal address 94 Downhouse Road
Waterlooville
Hampshire, PO8 0TY
Independent examiner J Irvinesmith
Independent Examiners Limited
Unit 2 The Broadbridge Business Centre
Delling Lane
Bosham
West Sussex PO18 8NF
Bankers CAF Bank
25 Kings Hill Avenue
Kings Hill, West Malling
Kent ME19 4JG
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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 12 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 5 June 1982, most recently amended by Deed of Variation dated 15 August 2014. The Trust was registered with the Charity Commission for England and Wales on 7 November 2014 under Charity Registration Number: 1159124.

Recruitment and appointment of new trustees

The names of the Trustees who 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 2021 (2020: £nil).

The Trust operates three Gospel Halls (located in Waterlooville, Denmead and Horndean) and Trustees are chosen from among the regular congregation of the hall. New Trustees are nominated by the existing Trustees or by the congregation and must be appointed by unanimous resolution of the congregation. They are selected according to their skills and experience and are expected to use both in furthering the objects of the Charity. Checks are made to ensure the Trustees’ eligibility to act and incoming Trustees are made aware of their responsibilities by the existing Trustees, who ensure that new Trustees read the Trust Deed and relevant Charity Commission guidance.

Wider network

The Trustees maintain informal links with similar charities with a view to pooling experience considered useful in pursuing the objects of the Charity. The trust pays the bills for the maintenance of two smaller Gospel Hall Trusts within the local geographical area; the Portsdown Gospel Hall Trust (registered charity number 1166831 – 2 halls) and the Cowplain Trust (2 halls).

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.

The Trust has a contract with Citation in connection with health and safety management

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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

Objectives and activities

Objectives and aims

The charitable purposes of the Charity are the advancement of the Christian religion for the public benefit, including by the carrying on of the service of God in accordance with the Old and New Testaments of the Holy Bible as followed by those Christians forming part of the world-wide fellowship known as the Plymouth Brethren Christian Church (the “Brethren”) and any other charitable purposes connected with Brethren. The core doctrine of the Brethren and proper practices in furtherance of certain aspects of doctrine are summarised in two schedules to the Trust Deed.

Public benefit

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

Main activities and achievements

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

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

Plans for future periods

From 18th March 2020, Waterlooville GHT ceased using the gospel halls, which it operates. This was as a result of the global COVID-19 pandemic and the general lockdown imposed by the government on 23rd March 2020. The Trust aims to fully use these Gospel Halls again once the general lockdown is lifted and it is deemed safe to do so. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

Meetings

In normal times, 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 25 and 800 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 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 hall[ s ] and visitors are free to help themselves.

Spreading the Gospel message and the life of a Christian

The Gospel halls are a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed.

Members of the congregation participate in a programme of street preaching and Gospel tracts are provided free of charge by the Charity to such preachers to be handed out to interested members of the public.

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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

The Trust’s main achievement this year has been to support the Rapid Relief Trust:

As a trust, they purchased RRT Family Food Boxes which we donated to various local needs such as homeless and vulnerable shelters, schools, parishes etc. The RRT Food Boxes are designed to feed a family of 4 for up to 4 days and bring some relief and joy to households during their time of pressure and crisis.

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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

Members of the congregation volunteered for RRT when they had a call out to help late on a Monday night, following a fire at a large thatched cottage fire in Petersfield, Hampshire. RRT were called to help by the Hampshire Fire and Rescue Service where they had over 80 personnel battling the blaze in sub-zero temperatures. RRT were on site from early morning serving teas, coffee, soft drinks, crisps and snack/chocolate bars, and a BBQ breakfast for the morning shift.

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

Funding

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

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Waterlooville Gospel Hall Trust

Report of the trustees For the year ended 5 April 2021

Financial review

Financial position

In the year ended 5 April 2021, the Trust had a surplus of £209,019 incoming resources over resources expended. Total voluntary income received this year was £285,451 compared to £365,367 in the previous year.

All funds held were unrestricted funds.

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 a reserve of £50,000 where possible. 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 £365,030.

Statement of Trustees’ responsibilities

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

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. All transactions have been reviewed and approved by two trustees.

23/12/2021

On behalf of the Board:................................................................. Date: ...........................................

Mr K Reynolds, Trustee

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Waterlooville Gospel Hall Trust

Independent examiner's report to the trustees For the year ended 5 April 2021

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

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

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

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of The Association of Charity Independent Examiners.

BASIS OF THE INDEPENDENT EXAMINER'S REPORT

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

INDEPENDENT EXAMINER'S STATEMENT

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

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

….................................Signed, date 7th January 2022

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Waterlooville Gospel Hall Trust

Statement of Financial Activities For the year ended 5 April 2021

Notes
Income and endowments from:
Donations
Contributions from the congregation
Contributions from Portsmouth Meeting Room
Gift Aid donations
Grant from Portsdown Gospel Hall Trust
Income tax
Donated services
4
Payroll giving
Legacies
Grants
Investments
Bank interest
Other
Total
Expenditure on:
Charitable activities
Running meeting rooms
Depreciation
Other charitable expenditure
Cost of donated services
4
Raising Funds
Loan interest and bank charges
Governance
Independent Examiners Fees
Total
5
Net income/(expenditure)
Gains/(losses) on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total funds
Total funds
funds
funds
2021
2020
£
£
£
£
37,970
0
37,970
29,995
0
0
0
0
29,397
0
29,397
46,175
0
0
0
275,431
7,349
0
7,349
11,544
0
0
0
0
1,991
0
1,991
2,222
208,744
0
208,744
0
0
0
0
0
67
0
67
94
0
0
0
0
285,518
0
285,518
365,461
15,483
0
15,483
28,938
37,538
0
37,538
37,468
19,350
0
19,350
22,892
3,198
0
3,198
7,022
69
0
69
554
861
0
861
861
76,499
0
76,499
97,735
209,019
0
209,019
267,726
0
0
0
0
209,019
0
209,019
267,726
1,727,702
0
1,727,702
1,459,976
1,936,721
0
1,936,721
1,727,702

The notes on pages 13 to 18 form part of these financial statements. All of the above activities are classed as continuing and there are no gains and losses other than those included above.

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Waterlooville Gospel Hall Trust

Balance Sheet As at 5 April 2021

Notes
Fixed assets
Tangible fixed assets
6
Current assets
Debtors:
Gift aid tax recoverable
Cash at bank and in hand (and equivalents)
Current liabilities
Creditors: amounts falling due within one year:
Accruals and deferred income
Net current assets		 2021
2020
£
£
1,571,691
1,608,561
7,349
11,544
358,542
108,458
861
861
365,030
119,141
Total assets less current liabilities
Creditors: amounts falling due after more than one year:
Loans		 1,936,721
1,727,702
0
0
Net assets 1,936,721
1,727,702
Funds
Unrestricted income funds
Restricted funds		 1,936,721
1,727,702
0
0
Total unrestricted funds
7		 1,936,721
1,727,702

The unaudited financial statements were approved and authorised for issue by the Trustee of Waterlooville 23rd December Gospel Hall Trust on…........................................2021 and signed on their behalf by:

…...............................................................................

Mr K Reynolds Trustee

The notes on pages 13 to 18 form part of these financial statements

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1.2

1.3

1.4

Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

1. 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 (FRS 102) issued on 16 July 2014, and incorporating update bulletins 1 and 2, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally Accepted Accounting Practice.

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

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

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 Waterlooville Gospel Hall Trust is considered to be equal to market value which would be paid were the service formally procured. This includes services paid for by other trusts.

Investment income is accounted for on a receivable basis.

Expenditure

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.

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.

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1.8

1.9

Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

1.5 Tangible fixed assets and depreciation

Tangible fixed assets costing more than £1,500 are stated at cost less depreciation. Freehold land is not depreciated. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:

Freehold buildings 2% straight line Fixtures and Fittings 10% straight line

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.

The designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. There is one unrestricted designated fund that was established by the trustees in this financial year, the Emergency Needs Fund, which was created to provide limited financial assistance by the way of grocery vouchers to households, who have experienced a recent and significant decrease in income due to the pandemic, such that it is likely to impact on the health and/or welfare of members of the household.

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.

Preparation of consolidated financial statements

The Charity does not have a trading subsidiary.

Going concern

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

From 18th March 2020, Waterlooville GHT ceased using the three gospel halls, which it operates, due to the global COVID-19 pandemic and the general lockdown imposed by the government. The trustees do not consider that the Covid-19 pandemic will have any effect on the ability of the trust to continue as a going concern.

14

Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

2 Trustees’ remuneration and expenses

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

3 Wages and salaries

There are no employees (2020: none).

4 Donated services

None Received (2020: None)

Donated to:
Portsdown Gospel Hall Trust
Cowplain Trust
5
Resources expended
Direct costs
- Events/Community Outreach
- Donations and Gifts
- Repairs and Maintenance
- Insurance
- Light and heat
- Telephone
- Depreciation
- Legal and professional costs
Support costs
- Administration
- Maps and Booklets
Governance
- Independent Examiners Fees
Raising Funds
- Loan Interest and bank charges		 2021
£
137
3,061
3,198
Meeting
Other
rooms
charitable
activities
2021
£
£
£
0
0
0
0
19,350
19,350
4,608
0
4,608
2,212
0
2,212
5,367
0
5,367
926
0
926
37,538
0
37,538
2,370
0
2,370
0
0
0
0
0
0
861
0
861
69
0
69
53,951
19,350
73,301		 2020
£
4,764
2,258
7,022
2020
£
395
22,497
9,475
1,973
14,538
742
37,468
1,176
70
964
861
554
90,713

Governance costs include £861 (2020: £861) in respect of independent examiner’s fees.

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Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

6.[Tangible Fixed Assets]

Cost
Brought forward at
Additions
At 5 April 2021
Depreciation
Brought forward at
Charge for the year
At 5 April 2021
Net book value
At 5 April 2021
At 5 April 2020
Property Details:
06-Apr-20
06-Apr-20		 Freehold
Property and
Refurbishment
£
1,822,098
0
1,822,098
220,772
36,445
257,217
1,564,881
1,601,326		 Furniture,
fixtures &
fittings
£
10,260
668
10,928
3,025
1,093
4,118
6,810
7,235		 Total
£
1,832,358
668
1,833,026
223,797
37,538
261,335
1,571,691
1,608,561

Land registry titles of the above properties held are HP449353, HP467419, HP796526.

7 Analysis of net assets between funds 7.1 Current year

funds
£
Tangible fixed assets
1,571,691
Current assets
365,891
Current liabilities
-861
Long term liabilities
0
Total funds
1,936,721
Unrestricted		 funds
£
0
0
0
0
0
Restricted		 Total
funds
£
1,571,691
365,891
-861
0
1,936,721

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Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

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7.2 Prior year
Unrestricted Restricted Total
funds funds funds
£ £ £
Tangible fixed assets 1,608,561 0 1,608,561
Current assets 120,002 0 120,002
Current liabilities -861 0 -861
Long term liabilities 0 0 0
Total funds 1,727,702 0 1,727,702
8 Movement in funds
8.1 Current year
Realised/
unrealised Transfers
Balance at Incoming Resources gains and between Balance at
6 April 2020 resources expended losses funds 5 April 2021
£ £ £ £ £ £
Restricted funds 0 0 0 0 0 0
Unrestricted general funds 1,727,702 265,868 -57,149 0 0 1,936,421
Unrestricted designated funds 0 19,650 -19,350 0 0 300
Total funds 1,727,702 285,518 -76,499 0 0 1,936,721
8.2 Prior year
Realised/
unrealised Transfers
Balance at Incoming Resources gains and between Balance at
6 April 2019 resources expended losses funds 5 April 2020
£ £ £ £ £ £
Restricted funds 0 0 0 0 0 0
Unrestricted funds 1,459,976 365,461 -97,735 0 0 1,727,702
Total funds 1,459,976 365,461 -97,735 0 0 1,727,702
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10

Waterlooville Gospel Hall Trust

Notes to the financial statements For the year ended 5 April 2021

9 Transactions with related parties

During this financial year, the following transactions took place:

There were no loan transactions during the year (2020: Loans totalling £43,000 were repaid to Trustee J Spencer; at 5 April 2020 the loan was fully repaid).

During the year the Trust received unconditional donations from trustees and other related parties totalling £22,962 (2020: donations totalled £35,865).

There have been no other related party transactions during this reporting period that require disclosure (2020: None).

Volunteers

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

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