## **Waterlooville Gospel Hall Trust** **Charity Registration No: 1159124** **Report of the trustees and unaudited financial statements Year ended 5 April 2024** ## Waterlooville Gospel Hall Trust ## Contents ||Pages| |---|---| |Reference and administrative details|3| |Report of the trustees|4-7| |Independent Examiner’s report|8| |Statement of Financial Activities|9| |Balance sheet|10| |Notes to the financial statements|11-17| 2 Waterlooville Gospel Hall Trust Reference and administrative information For the year ended 5 April 2024 |**Charity name**|Waterlooville Gospel Hall Trust| |---|---| |**Registered charity number**|1159124| |**Trustees**|Mr T Knight (Chair)| ||Mr K Reynolds - Treasurer| ||Mr A S Reynolds| ||Mr D Turner| ||Mr D Stone| |**Bankers**|CAF Bank| ||25 Kings Hill Avenue| ||Kings Hill, West Malling| ||Kent ME19 4JG| |**Principal address**|Brethren Gospel Hall| ||Havant Road| ||Horndean| ||Waterlooville| ||Hampshire| ||PO8 0DR| |**Independent examiner**|Z Derbak| ||Independent Examiners Limited| ||Unit 2 The Broadbridge Business Centre| ||Delling Lane| ||Bosham| ||West Sussex| ||PO18 8NF| 3 Waterlooville Gospel Hall Trust Report of the trustees For the year ended 5 April 2024 The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2024. The financial statements are set out on page 9 and 10 and have been prepared in accordance with the accounting policies 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 material remuneration or expenses from the Charity in the year ended 5 April 2024 (2023: None). The Trust operates a Gospel Hall 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 Charity also maintains particular links with Portsdown 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. ## **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. 4 Waterlooville Gospel Hall Trust Report of the trustees For the year ended 5 April 2024 ## **Main activities and achievements** The Trust provides and maintains a Gospel hall 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 -ww.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed. The Trust donates food every week to Waterlooville Food Bank – a registered charity (number 1043869) that supports families from lots of different walks of life that have found themselves in hard times. Please also see Public Benefit Report 2023-24 found on our website. ## **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 would normally 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 and location, between 30 and 700 people normally attend these occasions. The meetings are attended by the regular congregation and most are open to other properly disposed visitors. The notice board outside the Hall welcomes visitors and displays the times of Gospel preachings, along with a telephone number for those seeking further information or help. Gospel tracts, which are distributed by street preachers, also display this information. Bibles and an extensive range of other Christian reading material are on display at the main hall and visitors are free to help themselves. ## **Spreading the Gospel message and the life of a Christian** The Gospel hall is a base from which the regular congregation and others who attend the meetings are encouraged to spread the Christian Gospel, in word and deed. 5 Waterlooville Gospel Hall Trust Report of the trustees For the year ended 5 April 2024 ## **Spreading the Gospel message and the life of a Christian (continued)** 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 work with Rapid Relief Team - a separate registered charity - which delivers hope and relief to people across the globe. Whether it be fire, flood or humanitarian need, RRT expands their support services to meet the need at hand, see more here https://rrtglobal.org/gb/ 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: - 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). - 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 faith in 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. ## **Financial review** ## **Financial position** In the year ended 5 April 2024, the Trust had a deficit of £284,609 incoming resources over resources expended, which was mainly due to non-cash expenses such as purchase of Gospel Hall and depreciation. Total voluntary income received this year increased significantly, this year it was £232,789 compared to £94,293 in the previous year. All funds held were unrestricted funds. 6 Waterlooville Gospel Hall Trust Report of the trustees For the year ended 5 April 2024 Reserve5 pollcy The Tru5tee5 have considered the level of reserves they wish to retaln, appropriate to the charity's needs, based on Its slze and the level of its financial commitments. The Trust has no employees and its regular outgoings are minimal. Accordingly, the Trustees have declded 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 it5 charitable objectlves even if there is a temporary shortfall In Income or unexpected expendlture, by raising a funds appeal to the congregation. Free reserves at the year end were £103,930, Thls includes £71,510 In the Gold account from legacy and sale of property, which Is held in reserve for copital expenditure. ststement ot Trustee￿ re5pon51bllltles The Trustees are responsible for preparing the Report of the Trustees and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standards Iunited KinBdom Generally Accepted Accounting Practlcel. 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 stète of affairs of the Charity and of the incoming resourtes and application of resources, including the Income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are req¢Jlred to.. select suitable accounting policies and then apply them ¢on515tently,' observe the methods and principles in the Charlty SORP,. make judgements and estimate5 that are reasonable and prudent. prepare the flnanclal statements on the going concern basis unless it Is Inappropriate to presume that the charity will continue in business. The Trustees are responsible for keeping proper accounting records which dlsclose with reasonable accuracy at any time the financlal posltion of the Charity and enable them to ensure that the financial statements comply with the Charities Att 2011, the Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguardin8 the assets of the Charity and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. All transactlons have been reviewed and approved by two trustees. On behalf of the Board.. Date.. Mr K Reynolds, Trustee Waterlooville Gospel Hall Trust Independent examiner's report to the trustees Report of the trustees I report to the trustees on my examination of the accounts of the Waterlooville Gospel Hall Trust for the year ended 5th April 2024. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **BASIS OF THE INDEPENDENT EXAMINER'S REPORT** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking of explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. ## **INDEPENDENT EXAMINER'S STATEMENT** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2 The accounts do not accord with those records; or - 3 The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Zita Derbak MAAT AATQB Sign: Independent Examiners Limited Unit 2 The Broadbridge Business Centre Date: 19.12.2024 Delling Lane Bosham West Sussex PO18 8NF 8 Waterlooville Gospel Hall Trust Statement of Financial Activities Report of the trustees **----- Start of picture text -----**
Unrestricted Restricted Total funds Total funds
Income and endowments from: Notes funds funds 2024 2023
£ £ £ £
Donations and legacies:
Contributions from the congregation 124,351 0 124,351 65,554
Gift Aid donations 82,525 0 82,525 20,357
Income tax refunds 20,631 0 20,631 5,089
Payroll giving 1,103 0 1,103 1,241
Bank interest 4,179 0 4,179 2,052
Total 232,789 0 232,789 94,293
Expenditure on:
Charitable activities 5
Running meeting rooms 34,792 0 34,792 58,507
Depreciation 18,490 0 18,490 18,318
Other charitable expenditure 4,145 0 4,145 10,800
Donated services 4 458,921 0 458,921 5,514
Fixed Asset Donation 5 & 6 0 0 0 817,956
Raising Funds
Bank charges 60 0 60 111
Governance
Independent Examiners Fees 990 0 990 912
Total 517,398 0 517,398 912,118
Net income/(expenditure) -284,609 0 -284,609 -817,825
Gains/(losses) on revaluation of fixed assets 0 0 0 0
Net movement in funds -284,609 0 -284,609 -817,825
Reconciliation of funds:
Total funds brought forward 1,073,236 0 1,073,236 1,891,061
Total funds carried forward 788,627 0 788,627 1,073,236
**----- End of picture text -----**
The notes on pages 11 to 17 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. 9 Waterlooville Gospel Hall Trust Balance Sheet As at 5 April 2024 2024 2023 Flxed assets Tanglble fixed assets 684 697 703 187 Current assets Debtors.. Gift aid tax recoverable Cash at bank and in hand land equivalents) 20,631 5,089 365 872 Current Ilabllltles Creditor5'. amounts falling due wlthln one year.. Loans A¢crL¢als and deferred income 990 912 Net current asset5 103,930 370 049 Total assets less ¢urrefit Ilabllitles 788,627 1,073,236 Creditor5.' amounts falllng due after more than one year.. Loans Net assets 788 627 1073 236 Funds Unrestricted income funds Restricted funds 788,627 1,073,236 Tot•1 unrestrirted funds 788 627 1073 236 The unaudited financial statements were approved and authorlsed for issue by the Trustee of Waterloovllle Gospel Hall Trust on....J.'.7..'1 .IJ.QLkM￿L2o24 and signed on their behalfby.. Mr K Reynolds Trustee The note5 on pages 11 to 17 form part of these financial statements io Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees 1.4 ## **1. Accounting policies** ## 1.1 Basis of financial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Second edition of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and UK Generally Accepted Practice. The functional currency of the charity is sterling (£). The Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## 1.2 ## Income Donations are recognised in the year in which there is entitlement and probability of receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future year. Gift aid is added to the value of the donation to which it relates. Donated services are recognised as income and expenditure in the financial statements when organisations or individuals offer their services and support pro bono. The value of these donated services to 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. ## 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. ## 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. 11 Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees ## 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 the previous 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. 1.8 Preparation of consolidated financial statements The Charity does not have a trading subsidiary. 1.9 Going concern The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. 1.10 Significant estimates and judgements 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. 12 Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees ## **2 Trustees’ remuneration and expenses** No Trustees, or related parties received any remuneration or other benefits from an employment with the charity and no Trustees were reimbursed for expenses (2023: None). ## **3 Wages and salaries** There are no employees in 2024 (2023: none). ## **4 Donated services** ## _**Received from :**_ None Received in 23/24 (2023: None). |**_Donated to:_**
Portsdown Gospel Hall Trust
**5**
**Resources expended**
**Direct costs**
- Donations and Gifts
- Repairs and Maintenance
- Insurance
- Light and heat
- Telephone
- Depreciation
- Legal and professional costs
- Fixed Asset Donation
- Donated services
**Support costs**
- Covid Test kits, H&S
**Governance**
- Independent Examiners Fees
**Raising Funds**
- Bank charges|**2024**
**2023**
**£**
**£**
458,921
5,514
458,921
5,514
**Meeting**
**rooms**
**Other**
**charitable**
**activities**
**Total**
**2024**
**Meeting**
**rooms**
**Other**
**charitable**
**activities**
**Total**
**2023**
**£**
**£**
**£**
**£**
**£**
**£**
0
4,145
4,145
0
10,800
10,800
19,042
0
19,042
31,928
0
31,928
3,300
0
3,300
3,026
0
3,026
0
0
0
12
0
12
1,005
0
1,005
998
0
998
18,490
0
18,490
18,318
0
18,318
4,113
0
4,113
4,372
0
4,372
0
0
0
817,956
0
817,956
458,921
0
458,921
5,514
0
5,514
7,332
0
7,332
18,171
0
18,171
990
0
990
912
0
912
60
0
60
111
0
111
513,253
4,145
517,398
901,318
10,800
912,118| |---|---| 13 Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees ## **6. Tangible Fixed Assets** |**Cost**
Brought forward at
Additions
**At 5 April 2024**
**Depreciation**
Brought forward at
Charge for the year
**At 5 April 2024**
**Net book value**
**At 5 April 2024**
**At 5 April 2023**
06-Apr-23
06-Apr-23|**Freehold**
**Property and**
**Refurbishment**
**£**
866,027
0
866,027
169,291
17,321
186,612
679,415
696,735|**Furniture,**
**fixtures &**
**fittings**
**£**
11,953
0
11,953
5,502
1,169
6,671
5,282
6,452|**Total**
**£**
877,980
0
877,980
174,793
18,490
193,283
684,697
703,187| |---|---|---|---| ## **Property Details:** Land registry titles of the above properties held at 5th of April 2023 is HP449353. |**7**
**Analysis of net assets between funds**
_7.1_
_Current year_
**funds**
**£**
Tangible fixed assets
684,697
Current assets
104,920
Current liabilities
-990
**Total funds**
788,627
**Unrestricted**|**funds**
**£**
0
0
0
0
**Restricted**|**Total**
**funds**
**£**
684,697
104,920
-990
788,627| |---|---|---| 14 ## Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees **----- Start of picture text -----**
7.2 Prior year
Unrestricted Restricted Total
funds funds funds
£ £ £
Tangible fixed assets 703,187 0 703,187
Current assets 370,961 0 370,961
Current liabilities -912 0 -912
Total funds 1,073,236 0 1,073,236
8 Movement in funds
8.1 Current year Realised/
unrealised Transfers
Balance at Incoming Resources gains and between Balance at
6 April 2023 resources expended losses funds 5 April 2024
£ £ £ £ £ £
Restricted funds 0 0 0 0 0 0
Unrestricted general funds 1,073,236 232,789 -517,398 0 0 788,627
Unrestricted designated funds 0 0 0 0 0 0
Total funds 1,073,236 232,789 -517,398 0 0 788,627
9.2 Prior year Realised/
unrealised Transfers
Balance at Incoming Resources gains and between Balance at
6 April 2022 resources expended losses funds 5 April 2023
£ £ £ £ £ £
Restricted funds 0 0 0 0 0 0
Unrestricted general funds 1,892,261 94,293 -912,118 0 -1200 1,073,236
Unrestricted designated funds -1,200 0 0 0 1200 0
Total funds 1,891,061 94,293 -912,118 0 0 1,073,236
**----- End of picture text -----**
15 **10** Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees ## **9 Transactions with related parties** During this financial year, the following transactions took place: There were no loan transactions during the year (2022: None). During the year the Trust received unconditional donations from trustees and other related parties totalling £11,880 (2023: donations totalled £9,063). There have been no other related party transactions during this reporting period that require disclosure (2023: 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. 16 Waterlooville Gospel Hall Trust Notes to the financial statements Report of the trustees ## **11 Comparative Statement of Financial Activities** |**Notes**
**Income and endowments from:**
**_Donations and legacies:_**
Collections
Contributions from the congregation
Gift Aid donations
Income tax refunds
Payroll giving
**_Investments_**
Bank interest
**_Other_**
**Total**
**Expenditure on:**
**_Charitable activities_**
Running meeting rooms
Depreciation
Other charitable expenditure
Cost of donated services
**4**
Fixed Asset Donation
**_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**
**funds**
**funds**
**2023**
**£**
**£**
**£**
65,554
0
65,554
20,357
0
20,357
5,089
0
5,089
1,241
0
1,241
2,052
0
2,052
0
0
0
94,293
0
94,293
58,507
0
58,507
18,318
0
18,318
10,800
0
10,800
5,514
0
5,514
817,956
0
817,956
111
0
111
912
0
912
912,118
0
912,118
-817,825
0
-817,825
0
0
0
-817,825
0
-817,825
1,891,061
0
1,891,061
1,073,236
0
1,073,236| |---|---| 17