Charlty number." 1166831
THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

THE PORTSDOWN GOSPEL HALL TRUST
CONTENTS
Page
Reference and administratlve details of the Charity, its Trustees and advisers
Trustees, report
Independent examiner's report
statement of financial activities
Balance sheet
Notes to the financial stataments
10-20

THE PORTSDOWN GOSPEL HALL TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Lauren Moggach, Chair
Adrian Smallridge, Treasurer
Jared Moggach
Phil Spencer
Roy Stone
Charity registered number
1166831
Principal office
Brethren Gospel Hall
Havant Road
Homdean
Waterlooville
Hampshire
P08 ODR
Accountants
Baldwin Scofield Ltd
Chartered accountants
3 Newhouse Business Centre
Old Crawley Road
Horsham
West Sussex
RH12 4RU
Bankèrs
Lloyds Bank plc
PO Box 1000
Andover
BX1 1LT
Page 1

THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report together with the financial statements of the Charity for the 6 April
2024 to 5 April 2025.
Objectives and activities
• Policles and objectives
The Trust has the following charitable purposes..
1. The advancement of the Christian religion for the public benefit including by the carrying on of the Servi￿ of
God in accordan￿ 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") whose core
dcctrine and whose proper practices in furtheran￿ of some of the aspects of that core doctrine ("Faith in
Practice.) is summarised in the two Schedules to the New Trust Deed which is contained in the Second
Schedule to the Deed of Variation dated 15 August 2014.
2. Any other charitable purposes connected with Brethren
In setting objectives and planning for activities, the Trustees have given due consideration to general guidan
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit= running a
charity (PB2)'.
• Activities undertaken to achleve objectives
The Trust provides and maintains gospel halls for the religious activities of Christians often referred to as
'Brethren'. Details of the origins, teachings and way of life of the Brethren can be found on their website
www.plymouthbrethrenchristianchurch.org. The charity also maintains particular links with Waterlooville Gospel
Hall Trust, with which it shares members of its congregation.
The Trusys main achievement this year has been to open the hall to the congregation and visitors and
encouraging good works by them which benefit the wider community, as described below..
Page 2

THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2025
Objectivos and activities (continued)
Main activities undertaken to further the Charlty's purposes for the public beneflt
The trustees of The Portsdown Gospel Hall Trust confi'm 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, examples being supporting food banks, street preaching in areas local to the meeting halls,
distribution of gospel booklets.
The life of a Chrlstian
The following points are an extract from Schedule 1 of the Trust Deed. They outline the way of life of the
Brethren as supported by the Holy Scriptures and how it contributes to public benefit.
1. 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).
2. We regularly go out from our homes to preach on the streets, to distribute Christian literature and engage
with the wider community (including fomier Brethren) in order to present eternal salvation, available to all men
by faith in Jesus Christ. (2 Tim 4.2).
3. We seek as members of the public to lead Christian lives as husbands and wives, parents, children,
employers, employees and neightours. (Col 3'.22-25, Col 4.'1).
4. The preservation and protection of the family unit is fundamental and children are prized as a blessing from
God. (Psalm 127.'3-51. The elderly are valued members of the community, for whom both their family and the
wider community are expected to care.
5. Holy Scripture commands us to be gocKI 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).
• Wider Network
The Trustees maintain infomial 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 Waterlooville Gospel Hall
Trust, with which it shares members of its congregation.
Page 3

THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES, REPORT {CONTINUED}
FOR THE YEAR ENDED S APRIL 2025
Achievements and performance
• Main activities of the Charity
Meetings
M￿tingS held at the Gospel halls would normally include the Lord's Supper (Communion).
The meetings are attended by the regular congregation and most are open to other properly disposed visitors.
The noti￿ 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 halls and visitors are
fr￿ 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.
In addition to street preaching, members of the congregation volunteer with Rapid Relief Team, another
charity, in support of the emergency services dealing with crisis situations with the provision of food packs etc.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to
adopt the going concern basis in preparing the financial ststements. Further details regarding the adoption of
the going concem basis can be found in the accounting policies.
• Reserves policy
The Trustees have considered the level of reserves they wish to retsin, appropriate to the charity's needs. This
is based on the charity's size and the level of financial cofflmitments. The Trustees consider that no reserves
policy is needed as expenditure is very minimal and infrequent. 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.
Free reserves at the year end were £Nil (2024.. £Nil).
• Financial risk management objectives and policies
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.
Page 4

THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES, REPORT {CONTINUED)
FOR THE YEAR ENDED S APRIL 2025
• Principal funding
In the year ended 5 April 2025 the Trust had a deficit of incoming resources over resources expended
amounting to £27,492 {2024'. surplus £398,978). Total voluntary income received this year was £51,968
compared to £460,291 in the previous year.
All funds held were unrestricted funds.
Structure, governance and management
Constitution
The Portsdown Gospel Hall Trust is a registered charity, number 1166831, and is constituted under a Trust
deed.
The Portsdown Gospel Hall Trust is constituted by a Deed of Trust dated 25 February 1999, amended by
various Deeds and most recently by Deed of Variation dated 15 August 2014. The Trust was registered with the
Charity Commission for England and Wales on 29th April 2016.
• Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees ￿0 are elected and co-opted under the
tems of the Trust deed.
The Trustees who have served during the year and since the year end are set out on page 1. None of the
Trustees, nor any person connected with them, re￿iVed any remuneration or expenses from the Charity in the
year ended 5 April 2024 (2024.. £Nil).
Trustees are selected according to their experience in specialised fields and are expected to use that
experience in furthering the objects of the Trust. Checks are made to ensure that there are no legal or other
barriers to their appointment. New Trustees are nominated by the existing trustees and appointed by
unanimous resolution of the Congregation. Incoming Trustees are made fully aware of their responsibilities by
the existing Trustees who ensure that new Trustees read the Trust Deed and the relevant guidance for trustees
published by the Charity Commission. The Trust has been operating kn Gospel halls with four more added
re￿ntlY and Trustees are chosen from among the regular congregation of the halls.
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 concem.
Page 5

THE PORTSDOWN GOSPEL HALL TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED S APRIL 2025
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally AcTrpted Accounting
Practi￿1.
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial ￿lch give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of resour*s, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and 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 2008 and the provisions of the Trust d*d. 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 at least trNo trustees. The financial statements have been
approved by order of the members of the board of Trustees on 23 January 2026 and signed on their behalf by..
Lauren Moggach
(Chair of Trustees)
Page 6

THE PORTSDOWN GOSPEL HALL TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED S APRIL 2025
Independent examiner's report to the Truste6s of The Portsdown Gospel Hall Trust ('the
Charity,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 5 April
2025.
Responsibilities and basis of report
As the Trustees of the Charity you are Esponsible for the preparation of the accounts i n accordance with the
requirements of the Charities Act 2011 ('the 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed the applicable Directions given by the Charity Commission
under section 145(5){b} of the 2011 Act.
Independent examlner's ststement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting
and Reporting by Charities.. Statement of Recommended Pra￿1￿ applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice
issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those ￿cords. or
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 fairf view which is not a matter considered as part of an independent
examination.
I have no cOn￿mS 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent examinels report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
the Charity an
the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated.. 23 January 2026
Nicholas M Baldwin
BA{Econ) FCA DChA
Page 7

THE PORTSDOWN GOSPEL HALL TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Incom& from:
Donations and legacies
Investments
51,968
51,968
460,291
Total income
51,976
51,976
460,300
Expenditure on:
Charitable activities
79,468
79,468
61,322
Total expenditure
79,468
79,468
61,322
Total transfers
Net movement in funds
(27.492)
(27,492
398, 978
Reconciliatlon of funds:
Total funds brought forward
Net movement in funds
2,789,011
(27,492)
2.789,011
(27,492)
2,390, 033
398,978
Total funds carriod forward
2,761,519
2,761,519
2, 789,011
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 20 form part of these financial statements.
Page 8

THE PORTSDOWN GOSPEL HALL TRUST
BALANCE SHEET
AS AT S APRIL 2025
2025
2024
Note
Fixed assets
Tangible assets
Current assets
2,761.996
2, 789,436
Cash at bank and in hand
783
775
783
775
Current liabilities
Creditors: amounts falling due within one
year
10
(1,260)
(1,200)
Net current liabilities
{477)
(425)
Total net assats
2.761,519
2,789,011
Charlty funds
Restricted funds
Unrestricted funds
12
General funds
12
2,761,519
2,789,011
Total unrestricted funds
12
2,761,519
2.789.071
Total funds
2,761,519
2,789,011
The financial statements were approved and authorised for issue by the Trustees on 23 January 2026 and
signed on their behalf by-
Mo
Lauren Moggach
Chair of Trustees
The notes on pages 10 to 20 form part of these financial ststements.
Page 9

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5APRIL 2025
General information
The Portsdown Gospel Hall Trust is a charity registered with the Charity Commission in England &
Wales. number 1166831, and is constituted under a Trust deed.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SQRP (FRS 102) -
Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102} and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP {FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
The Portsdown Gospel Hall 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 othemise
stated in the relevant accounting policy.
2.2 Income
All income is recognised On￿ the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income ￿e1Vable can be measured reliably.
Where the donated good is a fixed asse( it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic life in accordance with the Charity's
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the Charity ￿lch is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market,. a corresponding amount is then
recognised in expenditure in the period of receipt.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned between those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable 8¢tivities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page10

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accounting policies (continued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charity,. this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.5 Tangible fixod assets and depreclatlon
Tangible fixed assets costing £NIL or more are capitslised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After ￿cognitIon, under the revaluation model,
tangible fixed assets whose fair value can be measured reliably shall be carried at a revalued
amount, being their fair value at the date of revaluation less any subsequent accumulated
depreciation and subsequent accumulated impairment losses.
Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ
materially from that which would be determined using fair value at the end of the reporting date.
Fair values are determined from market-based evidence by appraisal that is normally undertaken by
professionally qualified valuers. If there is no market-based evidence of fair value because of the
specialised nature of the tangible fixed asset and it is rarely sold, except as part of a contributing
business, a Charity may need to estimate fair value using an income or depreciated replacement
cost approach.
Gains and losses on revaluation are recognised in the Statement of financial activities, with a
separate revaluation reserve being shown in the Statement of funds note.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight4ine method.
Depreciation is provided on the following basis..
Freehold property
20h on buildings representing 213 of total proFerty
value
Fixtures and fittings
10/0
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page11

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accounting pollcies (continued)
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best ests'mate of the amounts required to settle the obligation.
Where the effect of the time value of money is material, the provision is based on the present value
of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the
liability. The unwinding of the discount is recognised in the Statement of financial activities as a
finance cost.
2.8 Financlal instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and18gacies
Unrestricted
funds
2025
Total
funds
2025
Donation in kind and donated ServI￿S
51,968
51,968
Unrestricted
funds
2024
Total
funds
2024
Donation in kind and donated services
460, 291
460, 297
Page 12

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Investment income
Unrostricted
funds
2025
Total
funds
2025
Investment income - bank interest
Unrestricted
funds
2024
Total
funds
2024
Investment income - bank interest
Analysis of expenditure on charltable activities
Summary by fund type
Unrestrlcted
funds
2025
Total
202S
Direct costs of charitable activities
79,468
79,468
Unrestricted
funds
2024
Total
2024
Direct costs of charitable activities
67.322
61,322
Analysis of expenditure by activities
Aclivitios
undertaken
directly
2025
Support
costs
2025
Total
funds
2025
Direct costs of charitable activities
78,208
1,260
79,468
Page 13

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysis of expenditure by activities (continued)
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Direct costs of charitable activities
53,241
8,081
61,322
Analysis of direct costs
Mission
halls
2025
Totsl
funds
2025
Depreciation
Telephone
utilities
Airconditioning
Health and safety
Insuran
Repairs and maintenance
Professional fees
Other disbursements
39,440
167
39,440
167
9,204
227
3,953
4,817
13,676
6,623
101
3,953
4,817
13,676
6,623
101
78,208
78,208
Total
funds
2024
Mission halls
2024
Depreciation
Telphone
Utilities
Airconditioning
Health and safety
Insuran
Repairs and maintenance
Bank charges
34,914
322
9,241
456
2,078
5,088
1,117
25
34,974
322
9,241
456
2, 078
5, 088
1.117
25
53,241
53,241
Page 14

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysis of expenditure by activities (continued)
Analysis of dlrect costs (continued)
Analysis of support costs
Support
costs
2025
Total
funds
2025
Governan￿ costs
1,260
1.260
Support
costs
2024
Total
fvnds
2024
Govemance costs
8,081
8,081
Indepondent examlnefs remuneration
2025
2024
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
1,260
1.200
Trustses. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page15

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Tangible fixed assets
Freehold Fixtures and
property
fittings
Total
Cost or valuation
At 6 April 2024
Additions
2,447,148
428.483
2,447.148
440,483
12,000
At 5 April 2025
2,875,631
12.000
2.887,631
Depreciation
At 6 April 2024
Charge for the year
86,195
38,342
86,195
39,440
1,098
At 5 April 2025
124,537
1,098
125,635
Net book value
At 5 April 2025
2,751.094
10,902
2,761,996
At 5 Apnl 2024
2,360,953
2,360,953
The freehold properties owned by the charity at 5 April 2023 were valued by l M Power MRICS of Cyan
Power Limited during July and October 2023. The trustees are of the opinion that the values of the
properties at the year end were not materially different to the professional valuations.
The trustees revalued two other properties of the charity as of 5 April 2023 to a total of £850,000 which
represented a revaluation amount over the net book value at the balance sheet date of £455.148.
The charity purchased a property at 1 Bowes Hill. Rowlands Castle, P09 6BP (Land Registy Title
HP371.101) on 17 November 2023 for a sum of £426.198. The charity also owns 6 other properties with
the Land Registry Titles SH22271, HP246146, HP162316. HP467419, HP796526, and HP866112.
10. Creditors: Amounts falling due within one year
2025
2024
Accruals and deferred income
1,260
1,200
Page 16

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 202S
11. Financial instruments
2025
2024
Financlal assets
Financial assets measured at fair value through income and expenditure
783
775
Financial assets measured at fair value through income and expenditure comprise bank balances.
Page 17

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2025
12. Statement of funds
Statement of funds - current year
Balance at 6
April 2024
Balance at S
April 2025
Income Expenditure
Unrestricted funds
General fund
2.789,011
51,976
(79,468) 2,761,519
Statement of funds - prior year
Balance at
l Apnl 2023
Balance at
Inwme Expenditure 5 April 2024
Unrestricted funds
General fund
Revaluation reseNe
1, 934, 885
455, 148
460.300
(61,322)
2,333, 863
455, 148
2,390,033
460,300
(61,322) 2, 789, Q11
The charity follows the accounting policies adopted by the Plymouth Brethren Christian Church. In prior
years the charity had been depreciating freehold properties at the total value over 50 years. in error. The
standard policy is to not depreciate land which is estimated to be one third of the value of freehold
properties and depreciate buildings over 50 years. Accumulated depreciation has been restated in
accordance with this policy which has resulted in a prior year adjustment of £17,680 representing an
overstatement of depreciation up to 5 April 2022.
Page 18

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
13. Summary of funds
Summary of funds - current year
Balance at 6
April 2024
Balance at S
April 2025
Income Expenditure
General funds
2.789,011
51,976
(79,468)
2.761,519
Summary of funds - prior year
Balance at
l April 2023
Balance af
Income Expenditure 5 April 2024
General funds
2.390, 033
460,300
(61.322) 2. 789,011
14. Analysis of net assets between funds
Analysls of net assets between funds- current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
2,761,996
783
(1,260)
2.761,996
783
11,260)
Total
2,761,519
2,761,519
Analysis of net assets between funds - prior year
Unrestricted Endowment
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
2, 789, 436
775
2, 789.436
7T5
(1,200)
(l,2L￿)
Total
2, 789,011
2,789,011
Page 19

THE PORTSDOWN GOSPEL HALL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
15. Related party transactions
The Charity has not entered into any related paty transaction during the year, nor a￿ there any
outstanding balan￿S owing beLWeen related parties and the Charity at 5 April 2025.
Page 20