The Harvest Centre Financial Statements For the year ended 31 March 2025 Registered charity 1052729 1
The Harvest Centre Index to Financial Statements For the year ended 31 March 2025 Treasurer's Certification Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 2 Page 3 4 5 6 7 to 14
The Harvest Centre Treasurer's Certification For the year ended 31 March 2025 I certify that the books and records, vouchers and information produced to our Independent Examiner, from which the attached accounts have been prepared, contain a full and correct record of our business transactions to the best of my knowledge and belief. Peter Brown FCCA Treasurer Date.... 22/12/2025 3
The Harvest Centre Independent Examiners Report For the year ended 31 March 2025 I report to the trustees on my examination of the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 4 to 12. Responsibilities and basis of report As the Charity's Executive Council Members you 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 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 which gives me cause to believe that, in any material respect: • accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed... R. Scat. L. SCOTT Date 2/12/2025 4
THE HARVEST CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricted Unrestricted income funds funds Note Incoming resources Income from: Tithes and Offerings Charitable activities Investments Total Resources expended Expenditure on: Charitable activities Total Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 2 2 2 126,916 18,613 1,027 146,556 - - - - 3 124,990 124,990 21,566 - - 21,566 - 449,703 471,269 - 5 Total funds 126,916 18,613 1,027 146,556 124,990 124,990 21,566 - 21,566 449,703 471,269 Prior year funds 111,781 15,775 946 128,502 119,944 119,944 8,558 - 8,558 441,145 449,703
THE HARVEST CENTRE BALANCE SHEET AS AT 31 MARCH 2025 Fixed assets Tangible assets Total fixed assets Current assets Debtors Cash at bank and in hand Total current assets Creditors: amounts falling due within one year Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year Total net assets or liabilities Funds of the Charity Unrestricted funds Total funds Note 6 7 8 9 10 Unrestricted funds € Signed by one or two trustees on behalf of all the trustees: OMot If Therman 387,335 387,335 3,994 84,044 88,038 4,104 83,934 471,269 471,269 Restricted income funds - - - - - - - Total this Total last year year € 387,335 387,335 3,994 84,044 88,038 4,104 83,934 471,269 382,283 382,283 - 69,681 69,681 2,261 67,420 449,703 471,269 449,703 471,269 471,269 471,269 471,269 Print Name JAYNE MARTIN. JENNY THURMAN 6 449,703 449,703 Date of approval dd/mm/yyys 21/12/2025 21/12/2025
Note 1 THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES 1.1 Basis of preparing the financial statements These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts 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 with the Charities Act 2011. The format of the Accounts has been updated this year in line with the recommended format in the Charities SORP (FRS102). 1.2 Incoming resources All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income and the monetary amount can be measured with sufficient reliability. The following specific policies have been applied to particular categories of income: Voluntary income by way of grants, donations and gifts are only included in the SoFA when receivable. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these Accounts. Investment income is included when receivable. Income and expenditure is shown on a gross basis. The 2023/24 Accounts have been restated to include £3,188 of income that was previously netted off expenditure. There is no effect on the 2023/24 reported net income/ (expenditure) position. 7
NOTE 1 THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS ACCOUNTING POLICIES (continued) 1.3 Resources expended and liabilities Expenditure is accounted for on an accruals basis. Charitable expenditure comprises the costs incurred by the charity in the delivery of activities and services for its beneficiaries. It includes both the costs that can be allocated directly to such activities and those of an indirect nature necessary to support them Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. 1.4 Tangible Fixed Assets These are capitalised if they can be used for more than one year, and cost at least £5,000. They are valued at cost. Depreciation is provided as follows: Land - Not depreciated Buildings - The Trustees affirm that the church building residual value is likely to be significantly in excess of it's net book value in the Accounts and therefore no further depreciation charge should be made. Fixtures, fittings and equipment - 10% per annum on a reducing balance basis. 1.5 Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objectives of the charity. 8
THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS NOTE 2 ANALYSIS OF INCOME unresticted Restricted income funds Tithes and Offerings: Analysis Tithes and Offerings Gift Aid General grants provided by government/other charities Other Charitable activities: Letting of non- investment property Total Income from investments: Interest income 106,042 16,424 4,450 126,916 18,613 18,613 1,027 1,027 - Total - - Total funds € 106,042 16,424 4,450 126,916 18,613 18,613 1,027 1,027 Total All income in the prior year was unrestricted. Note 2.1 Analysis of Receipts of Government Grants Government grant Grant from other charity Description Norfolk County Council grant towards the cost of food parcels Commercial organisation grant towards shower cubicle for homeless people This year - 4,450 9 Prior year € 88,042 18,739 5,000 111,781 15,775 15,775 946 946 Last year 5,000
THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS NOTE 3 ANALYSIS OF EXPENDITURE This year Come sunde Analysis Expenditure on charitable activities: Staff Costs Premises Costs Utilities Outreach and Ministry Support Support Costs Mission Support and Gifts Printing, Stationery, Telephone & Internet Food Parcels to Homeless Depreciation Total expenditure on charitable activities TOTAL EXPENDITURE All expenditure in the prior year was unrestricted. Unrestricted funds 37,747 35,018 9,159 11,810 - 18,590 5,479 5,244 1,943 124,990 124,990 - Total funds 37,747 35,018 9,159 11,810 - 18,590 5,479 5,244 1,943 124,990 124,990 10 Last year Total Unrestricted funds 34,725 34,205 7,541 14,106 - 13,206 3,905 4,389 7,868 119,944 119,944
THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS NOTE 4 TRUSTEE REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits and expenses for 2024 or 2023 other than the amounts payable to Mr S. Corciulo under contract of employment for his services as Lead Pastor at The Harvest Centre. NOTE 5 STAFF COSTS This year Last year € Salaries and wages (net of tax and NI) Tax and NI payments to HMRC Pension costs (defined contribution scheme Other employee benefits 30,840 5,924 983 Total staff costs 37,747 28,095 5,711 919 34,725 This year costs are in respect of one full-time and three part-time members of staff. Last year there was one full-time and one part-time member of staff. 11
THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS NOTE 6 TANGIBLE FIXED ASSETS Cost This Year Fixtures, At the beginning of the year Additions Disposals At end of the year Depreciation and impairments Basis Rate Freehold land & buildings 376,338 - 376,338 Reducing Balance Buildings 2% 6,487 At the beginning of the year Disposals Depreciation At end of the year Net book value Net book value at the beginning of the year Net book value at the end of the year 95,773 6,994 - 102,767 Reducing Balance 10% 83,341 - 1,943 85,284 Total € 472,111 6,994 479,105 Reducing Balance 89,828 - 1,943 91,770 6,487 369,851 369,851 12,432 17,484 382,283 387,335 12 Last Year Total 455,855 16,256 - 472,111 Reducing Balance 81,960 7,868 89,828 373,895 382,283
THE HARVEST CENTRE YEAR ENDED 31 MARCH 2025 NOTES TO THE ACCOUNTS NOTE 7 DEBTORS This year € Last year € Prepayments and accrued income Total NOTE 8 CASH AT BANK AND IN HAND 3,994 3,994 Short term cash investments (less than 3 months maturity date) Cash at bank and on hand Total NOTE 9 CREDITORS AND ACCRUALS This year 72,017 12,027 84,044 Last year 58,442 11,239 69,681 Other creditors Total NOTE 10 MOVEMENT IN FUNDS Unrestricted funds: As at 1 April Surplus in year As at 31 March Amounts falling due within one year This year Last year € € 4,104 4,104 This year € 449,703 21,566 471,269 2,261 2,261 Last year 441,145 8,558 449,703 13
NOTE 11 HARVEST FOOD PARCELS Included in the 2024/25 income and expenditure of The Harvest Centre are the following amounts in respect of the Harvest Food Parcels food bank activity: Income Grant for shower cubicle for homeless Tithes and donations Expenditure Shower cubicle costs Food and drink, included in Outreach expenditure This year € 4,450 3,165 7,615 4,450 4,998 9,448 14