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2022-04-05-accounts

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Charity Registration No: 1159757

Portswood Gospel Hall Trust

Report of the trustees and unaudited financial statements Year ended 5 April 2022

T B Tax Services Bridge House Pattenden Lane Marden Kent TN12 9QJ

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood 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

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Reference and Administrative Details For the year ended 5 April 2022

Charity name Portswood Gospel Hall Trust
Registered charity number 1159757
Trustees Robert Louis Tuffin (Chair)
Mark Fidler
Robin Edward Morton
Samuel Browning
Rueben Mitchell
Treasurer Samuel Browning
Principal address The Brethrens Meeting Hall
301 Chestnut Avenue
Eastleigh
Hants
SO50 9QA
Primary Bankers Lloyds TSB
36 Market Street
Eastleigh
SO50 9QA
Independent examiner Simon Bell
T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ
Accountant T B Tax Services
Accountants
Bridge House
Pattenden Lane
Marden
Kent
TN12 9QJ

3

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Report of the Trustees For the year ended 5 April 2022

The Trustees present their report along with the financial statements of the Charity for the year ended 5 April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 11 and comply with the Trust Deed and applicable law.

Structure, governance and management

Governing document

The charity is controlled by a deed of trust and constitutes an unincorporated charity.

The Charity is an unincorporated trust constituted by a Deed of Trust dated 17 July 1982, most recently amended by Deed of Variation dated 28 February 2014. The Trust was registered with the Charity Commission for England and Wales on 2 January 2015 under Charity Registration Number: 1159757.

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 2022 (2021: £nil).

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 Chandlers Ford Gospel Hall Trust, and Itchen Gospel Hall Trust, and during the year the Charity paid expenses on behalf of those trusts, as shown in the donated services note.

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

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2022

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 - www.plymouthbrethrenchristianchurch.org and in the schedules to the Trust Deed.

The Trust has continued to engage with the congregation and visitors and encouraging good works by them which benefit the wider community, as described below.

Members of the congregation volunteered for the Rapid Relief Team, a registered charity, in the work that they do. Work done by the RRT includes providing food boxes and essential supplies to the people of Ukraine displaced by the war, and providing support to homeless shelters in the provision of blankets and warm clothing.

Members of the community also help out with Food Bank provisions, to local charities such as the Society of St James, with food packages. Members of our community would purchase food, gather it into packages and take to premises in Southampton.

The trustees have also operated an Emergency Needs fund for the duration of the coronavirus 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

With the commencement of lockdown restrictions in the UK the trust ceased using the gospel hall it operates. During the financial year, restrictions were eased sufficiently to allow the congregation to use the gospel hall for the Lord’s Supper (Communion). The use of the room was conducted in a manner which always complied with the government guidance, and the trust intends to continue using the room when it is 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.

Meetings

Meetings held at the Gospel hall 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 300 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 hall and visitors are free to help themselves.

5

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2022

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.

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.

Spreading the Gospel message and the life of a Christian

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.

Financial review

Financial position

In the year ended 5 April 2022, the Trust had a deficit of incoming resources over resources expended due to some extra expenditure on the halls. During the year a loan was repaid along with some interest.

Total voluntary income received this year was £43957 (2021: £60500).

All funds held were unrestricted funds.

6

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Report of the Trustees (Cont’d) For the year ended 5 April 2022

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. The Trustees aim to ensure that the charity has sufficient reserves to continue to fulfil its charitable objectives.

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.

Unrestricted reserves at the year-end were £67659 (2021: £66780).

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.

On behalf of the Board:

Samuel Browning Trustee 1/17/2023

7

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Independent Examiner’s report to the Trustees For the year ended 5 April 2022

I report to the trustees on my examination of the accounts of Portswood Gospel Hall Trust for the year ending 5 April 2022.

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’).

BASIS OF THE INDEPENDENT EXAMINERS 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 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 statement 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.

……………………………………… T B Tax Services 1/17/2023

Bridge House Pattenden Lane Marden Kent TN12 9QJ

8

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Statement of Financial Activities For the year ended 5 April 2022

Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the
congregation
Gift Aid donations
Income tax refunds
Donated services
Payroll giving
Grants from other Trusts
Investments
Interest
Other - Rent received
Total
Expenditure on:
Charitable activities
Running meeting rooms
5
Other charitable activities
Cost of donated services
4
Total
Net income/(expenditure)
Gains/(losses) on sale of fixed
assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
2022
Total
funds
2021
£
£
£
£
£
0
0
0
0
0
43957
0
0
43957
60500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15250
0
0
15250
5
0
0
0
0
0
59207
0
0
59207
60505
77900
0
0
77900
70487
1634
4400
0
6034
17656
17043
0
0
17043
9777
96577
4400
0
100977
97920
(37370)
(4400)
0
(41770)
(37415)
0
0
0
0
0
(37370)
(4400)
0
(41770)
(37415)
1842176
13825
0 1856001 1893416
1804806
9425
0 1814231 1856001

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

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Balance Sheet For the year ended 5 April 2022

Notes
Fixed assets
Intangible assets
Tangible fixed assets
6
Current assets
Debtors
Loans
7
Prepayments and accrued income
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year:
Other creditors
Accruals and deferred income
Loans
8
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one
year:
Loans
Net assets
9
Funds
Unrestricted income fund
Designated funds
Restricted funds
Total charity funds
10		 0
1746572		 2022
£


1746572






67659		 0
1789221		 2021
£


1789221






66780
0
0
0
202294
0
100000
0
100815
202294
0
(2010)
(132625)		 200815
0
(1410)
(132625)







1814231
0		 1856001
0
1814231 1856001
1804806
9425
0		 1842176
13825
0
1814231 1856001

The unaudited financial statements were approved and authorised for issue by the Trustees of Portswood Gospel Hall Trust on 1/17/2023 and signed on their behalf by

Samuel Browning Trustee

The notes on pages 11 to 17 form part of these financial statements

10

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

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).

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 Portswood 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.

1.4 Governance and support costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related to statutory requirements. Governance and support costs are allocated to charitable activities on the basis of capacity used.

11

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

1.5 Tangible fixed assets and depreciation

Tangible fixed assets (costing more than £1500) 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 Land and Buildings 2% straight line Temporary Buildings 2% straight line Refurbishment Costs 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.

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 and there is no requirement to prepare consolidated accounts

1.9 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. 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.

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 (2021: None).

3. Wages and salaries

There are no employees (2021: none).

12

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

4. Donated Services

Donated to:
Donated to:
Chandlers Ford Gospel Hall Trust
Itchen Gospel Hall Trust
5.
Resources expended
Current year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
IT costs
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Cost of donated services (note 4)
Prior year
Direct costs:
Insurance
Repairs & Maintenance
Bank charges
IT costs
Utilities
Donations
Activity costs
Legal fees
Depreciation
Governance costs
Cost of donated services (note 4)		 Meeting
rooms
£
1765
17170
175
850
10662
0
0
3099
42649
1530
77900
17043
94943
Meeting
rooms
£
1366
14732
168
0
7762
0
0
2370
42649
1440
70487
9777
80264		 2022
£
12586
4457
17043
Other
charitable
activities
£
0
0
0
0
0
4400
1634
0
0
0
6034
0
6034
Other
charitable
activities
£
0
0
0
0
0
16675
981
0
0
0
17656
0
17656		 2022
£
12586
4457



2021
£
5267
4510
17043 9777
2022
£
1765
17170
175
850
10662
4400
1634
3099
42649
1530
83934
17043
100977
2021
£
1366
14732
168
0
7762
16675
981
2370
42649
1440
88143
9777
97920

Governance costs include £1410 (2021: £1410) in respect of independent examiner’s fees.

13

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

6. Fixed assets

Freehold
Property
See Below
Cost
B/f at 06/04/2021
1350574
Additions
0
Disposals
0
At 5 April 2022
1350574
Depreciation
2% SL
B/f at 06/04/2021
136370
Charge for the year
27011
Impairment
0
Disposals
0
At 5 April 2022
163381
Net book value
At 5 April 2022
1187193
At 5 April 2021
1214204
Property Details
Title No
301 Chestnut Avenue
HP328931
7.
Loans made
Private loan
TOTAL
8.
Loans received
Loan from Itchen Gospel Hall Trust
TOTAL		 Refurb
Costs
691458
0
0
691458
2% SL
159376
13829
0
0
173205
518253
532082		 Temporary
Buildings
72000
0
0










Equipment
3686
0
0
3686
10% SL
1071
369
0
0
1440
2246
2615
2022
£
0
0
2022
£
132625
132625		 Total
2117718
0
0
2117718
328497
42649
0
0
371146
1746572
1789221
2021
£
100000
100000
2021
£
132625
72000
2% SL
31680
1440
0
0
33120
38880
40320
132625

14

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

9. Analysis of net assets between funds

9.1
Current year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds
9.2
Prior year
Fixed assets
Current assets
Current liabilities
Long term liabilities
Total funds
10.
Movement in funds
10.1
Current year
Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance
at 6 April
2021
£
0
13825
1842176		 Unrestricted
funds
£
1746572
192869
(134635)
0
1804806
Unrestricted
funds
£
1789221
186990
(134035)
0
1842176



Incoming
resources

£

0

0

59207

59207		 Unrestricted
funds
£
1746572
192869
(134635)
0
1804806
Unrestricted
funds
£
1789221
186990
(134035)
0
1842176



Incoming
resources

£

0

0

59207

59207		 Designated
funds
0
9425
0
0
9425
Designated
funds
0
13825
0
0
13825
Resources
expended
£
0
(4400)
(96577)
(100977)		 Restricted
funds
£
0
0
0
0
0
Restricted
funds
£
0
0
0
0
0
Realised/
unrealised
gains and
losses
£
0
0
0
0		 Total
£
1746572
202294
(134635)
0
1814231
Total
£
1789221
200815
(134035)
0
1856001







Balance
at 5 April
2022
£
0
9425
1805406
1814231
1856001 59207

15

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

10.2 Prior year

Restricted funds
Designated funds
Unrestricted funds
Total funds		 Balance
at 6 April
2020
£
0
0
1893416
1893416		 Incoming
resources
£
0
30500
30005
60505		 Resources
expended
£
0
(16675)
(81245)
(97920)		 Realised/
unrealised
gains and
losses
£
0
0
0
0		 Balance
at 5 April
2021
£
0
13825
1842176
1856001

11. Transactions with related parties

The only payments made to the Trustees related to general reimbursement of expenses incurred on behalf of the Charity in furthering the Charity’s objects.

No other payments were made to Trustees or any persons connected with them during the financial year. No other material transaction took place between the charity and a Trustee or any person connected with them.

.

12. Volunteers

Portswood 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

DocuSign Envelope ID: AC624CFA-1CB9-4762-963D-E82822BD0D33

Portswood Gospel Hall Trust

Notes to the Financial Statements For the year ended 5 April 2022

13. Comparative Statement of Financial Activities


Notes
Income and endowments from:
Donations and legacies:
Collections
Contributions from the
congregation
Gift Aid donations
Income tax refunds
Donated services
Payroll giving
Grants from other Trusts
Investments
Interest
Other - Rent received
Total
Expenditure on:
Charitable activities
Running meeting rooms
5
Other charitable activities
Cost of donated services
4
Total
Net income/(expenditure)
Gains/(losses) on sale of fixed
assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
2021
£
£
£
£
0
0
0
0
30000
30500
0
60500
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5
0
0
5
0
0
0
0
30005
30500
0
60505
70487
0
0
70487
981
16675
0
17656
9777
0
0
9777
81245
16675
0
97920
(51240)
13825
0
(37415)
0
0
0
0
(51240)
13825
0
(37415)
1893416
0
0
1893416
1842176
13825
0
1856001

17