**----- Start of picture text -----**
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR
ENDED
30 SEPTEMBER 2021
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**CHARITY REGISTRATION No: 1054394** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ## **HAMPDEN CHAPEL** ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Page 4|Independent Examiners Report to the Trustees| |Pages 5 to 7|Trustees Report| |Page 8|Statement of Financial Activities| |Page 9|Balance Sheet| |Pages 10 to 17|Notes to the Financial Statements| 2 ## **HAMPDEN CHAPEL** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**CHARITY NUMBER**|1054394|| |---|---|---| |**START OF FINANCIAL YEAR**|1 October 2020|| |**END OF FINANCIAL YEAR**|30 September 2021|| |**TRUSTEES AT 30 SEPTEMBER 2021**||| |Holding Trustee|Assemblies of God Property|Trust, registered charity number 251550| ||Trustees of above:|| ||R O Anekwe|B C Niblock| ||Rev T W Bedward Jones|Rev Canon D E Shearman| ||Rev A Butcher|Rev K P Thorpe| ||R J Hyde|| |Managing Trustees|John Onelum|| ||Maureen Polin|| ||Olajide Abodunrin|| ||Eva-Blessing Onyeulo|| The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument. ## **LEGAL STATUS** Unincorporated charity registered at the Charity Commission 9 April 1996 **GOVERNING INSTRUMENT** Constitution and Trust Deed adopted 16 June 2006 **AFFILIATIONS** Hampden Chapel is a member of the Assemblies of God and the Evangelical Alliance **OBJECTS** to advance the Christian faith in accordance with the Statement of Faith of the Assemblies of God; to relieve sickness and financial hardship and to promote good health by the provision of funds, goods or services of any kind including through the provision of counselling and support; to advance education in such ways and in such parts of the United Kingdom or the World as the Church Council from time to time may think fit **CORRESPONDENCE ADDRESS** Lauriston Road Hackney London E9 7EU **PRIMARY BANKERS** HSBC 283 Mare Street Hackney London E8 1PG **INDEPENDENT EXAMINER** Independent Examiners Limited Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS** Report to the Church Council of Hampden Chapel on the accounts for the year ended 30 September 2021 set out on pages 8 to 17. ## **Respective responsibilities of trustees and examiner** The Church Council is responsible for the preparation of the accounts. The Church Council consider that an audit is not required for this year (under section 144 of the Charities Act 2011) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 145 of the Act); - follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Act); and - state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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 the Church Council 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** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act - have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent Examiners Limited Unit 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF > Dated: 27th April 2022 4 ## **HAMPDEN CHAPEL** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2021** The church has two classes of church council as follows: **Holding Trustees** - are responsible for holding the Church's land and buildings on trust for the benefit of the Church. **Managing Trustees** - are members of the Church Council. The Church Council is responsible for the day to day management of the Church's business in accordance with the objects of the Church. The Church Council comprises the Pastor together with such persons as the Pastor shall nominate and the Church Council shall from time to time appoint. The minimum number of Church Council Members shall be three. The Church Council meets approximately 4 times per year. None of the Church's officers, with the exception of the Pastors, receive remuneration. The induction process for any church member newly appointed as a Managing Trustee comprises an initial meeting with the Minister(s) and receipt of copies of: - the Church Constitution - the most recent financial statements - the Charity Commission's guidance 'the Essential Trustee' ## **Church Members** In accordance with the Church Constitution, Church Membership is open to those who: - by grace have exhibited saving faith in the Lord Jesus Christ, and - desire to worship and serve God in the context of the statement of faith of the Assemblies of God; and - are committed to promoting the objects of the church Church Members share in the responsibility for the finances, administration, maintenance and activities of the Church. Church Members meet once per year for business meetings and receive reports from the Church Council. ## **Risk Management** The Church's primary concern and objective is the glory of God. Whilst it is the Church's policy to trust wholly in the Lord that He will work out His purpose to this end, the Church also acknowledges that it has a responsibility both as individual members and as a body of members, for the identification and proper management of risks faced by the church in achieving its primary aim. The Church Council has therefore assessed the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with regular monitoring of financial data and the annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks that they face and confirm that they have established systems to mitigate the significant risks. The charity relies on volunteers to assist with the ongoing administration and maintenance of the Church, and this year the Trustees would like to extend their appreciation to the approximately 5 volunteers that have given up their time. ## **Activities** Hampden Chapel is an independent church and is affiliated to Assemblies of God - Great Britain and Ireland. The congregation is drawn from a wide range of cultures and caters for all age groups. The Church Council has given due regard to the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Notwithstanding the COVID-19 restrictions on places of worship, during the year the Church continued to carry out the following activities in order to promote the Gospel in the local neighbourhood: - Sunday Worship - Midweek discipleship classes 5 ## **HAMPDEN CHAPEL** ## **TRUSTEES REPORT (CONTINUED)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **Achievements and Performance** As a church we give thanks to God that He has seen fit to continue to bless our activities. In this financial period we have been able to continue to deliver and develop prior agreed projects throughout the year. We pray that God will enable us to be good stewards of the gifts and resources entrusted to us through the body of people who are the church family and the wider community. ## **Financial Review** The Statement of Financial Activities and Balance Sheet are on pages 8 and 9 respectively. The Church had a deficit of income over expenditure of £25,903 during the year. However, of this deficit £16,333 is due to depreciation charged against fixed assets (2020/19: deficit of £31,094 and depreciation charged of £26,094). The balance sheet at 30th September 2021 shows net assets of £2,475,049 (At 30 September 2020: net assets of £2,500,952). Included in the total funds are amounts totalling £12,860 (2020/19: £13,708) which are restricted. These monies have either been raised for and their use restricted to, specific purposes, or they comprise donations subject to donor imposed conditions. Full details of the restricted funds together with an analysis of movement can be found in note 10 of these accounts. ## **Reserves Policy** The Church Council has examined the requirements for free reserves, i.e. Those unrestricted funds not invested in tangible fixed assets and programme related investments. The Church Council consider that, given the nature of the church's work, free reserves should be equivalent to approximately 6 months routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The Church Council is of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 30 September 2021 the church had net free reserves (excluding property) as follows: |Unrestricted funds
Net Current Assets
**Free Reserves**|2021/20
2020/19
£
£
44,611
53,333
44,611
53,333| |---|---| ## **Investment Policy** The church deposits spare funds on short term cash deposits on the basis that free reserves may be required at short notice. ## **Grants Policy** In any given financial year, the church may make grants up to approximately 10% of its incoming resources annually to support missionary endeavours both in the UK and abroad. The policy of the church is to give grants on the basis that they are subject to annual review and only renewed on the basis of meeting set criteria. In addition, the church also has a hardship fund to support those in need. ## **Statement regarding the impact of COVID-19 on the church** During the period of the lock-down this year, Sunday worship and mid-week services were hosted in accordance with UK Government guidelines. Donors had also been encouraged to make donations via internet banking and the Givt app. As a church, we have been very fortunate to have healthy reserves, which has helped to cover ongoing expenses during this period. Payments to creditors have been made via bank transfers during this period. ## **Plans for the future** With the removal of the remaining COVID-19 restrictions imminent, we plan to resume the in-person activities that help us to achieve our objectives. 6 HAMPDEPI CHAPIL TRIJSTEES REPORT ICQNTIMUED) FOR THE YEAR ÈNDeD 30 SEPTEMBER 2021 TN•t••• Re•pon•lblllti The ChuTch Coun(il are ￿spons1b18 ft>r prepadng the Report of the Trustees and the finandal 5t&tements h accord)nce wlth applICab￿ law )nd Un((ed Kingdom Accounting Stsndards lun￿d K1ngdom Generally Accepted Accour}￿n9 Practkel. The law applltable to charft* In Engiind and Wales, the Ch4rbt1es Act 2011, Chadty (Accounts and Rewrtsl RegUla￿on5 Jnd the prOv￿lon5 of the trust deed require5 the trustees t¢ prepare flnanclal $tatements fDr each flnancI31 year whlch give a true and fa view Of the state of affairs of the charlty and of the incoming resources and application of resources, Includlng the incorne and expendf(ure, of the cha￿ty for that perfod. In preparlng those flnanclal statements, the trustsès are requlred to.. Sekrt 5ultable accountlno pollcks and apply them con51stentlv Make ludgemenLS and e5tlmates thjt are reasonable an¢ prudeni Prep)re finonclal $tatemenrs on the golng toncern bJsI5 unkss It Is Inapproprbate to pre$ume that the t￿j$t wlll contlnue in exlstence. Observe the methods 8nd prkndty1es In the Charfry SORP.. The Chureh Coundl Is responslble for keepln9 proper occaUn￿nq record$ wblch d￿close wlth reasonab￿ atturacy Jt any tlme the Ilnjnciil p0s￿On of the chatlty and to enable them to ensure that the nnaDclal statements comply wlth the Chadr￿S AL* 2011, the Charfty (Accounts and Report51 Fiegulatlons and Ihe provlslons ol the Trust Deed. They are al$0 respon$lble for safeguarflng the S5ets ol the charfty and ttenc¢ for takln9 rea￿Dable 5tÈp$ for the preventlon and detertlon of fraud and other Irregularltles, The chU￿b Councll 1$ responslble for the rnaintenance 2nd Integrlty of the charfty tnd flnancial Informauon Induded In the charhty, w•bslt8. Slgned on behDtr of the Church cauThcII by xy /,gl Date..... ## **HAMPDEN CHAPEL** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2021** |Notes
Donations and Legacies
**2a**
Raising Funds
**2b**
Investments
**2c**
Charitable Activities
**2d**
Other
**2e**
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable Activities
**3a**
Other
**3b**
**TOTAL EXPENDITURE**
**NET INCOME/EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**Reconciliation of funds:**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**INCOME AND ENDOWMENTS FROM:**|Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
31,736
0
82
31,818
35,438
200
0
0
200
0
0
0
0
0
275
0
0
0
0
1,000
26
0
0
26
2
**31,962**
**0**
**82**
**32,044**
**36,715**
57,017
0
930
57,947
67,809
0
0
0
0
0
**57,017**
**0**
**930**
**57,947**
**67,809**
**(25,055)**
**0**
**(848)**
**(25,903)**
**(31,094)**
(25,055)
0
(848)
(25,903)
(31,094)
2,487,000
244
13,708
2,500,952
2,532,046
**2,461,945**
**244**
**12,860**
**2,475,049**
**2,500,952**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 10 to 17 form part of these financial statements. 8 IIAMPDEN CNAPEL BALANCE SMEET S AT 30 SEPTEMNER 2021 Unre$trfet8d Funds Oeslonoted Funds Aests1rted 30wSep21 Funds Totol 304èp-20 Total Fix•d Ao••ts Tonglble Bs5ets 2,417.334 2.417,334 2.433.667 Curr•nt AMet# Debtors Cash ar bank and In hand Tot•1 Curr•nt A•••ts 6,341 6,341 5,043 244 Credltor•'. amounts falllng due wlthln one yoJr 976 600 1,576 831 Nrr CVRRINT ASSErJ 44.611 244 12,860 57,715 67,285 TOTAL A$SÉTS le55 Cyr￿n1 l￿bIlIt*S 2,401,945 244 12,880 2,475,049 2.500,951 NIT AMETS 2 461 945 244 12800 24 2 JQII gS2 pund• of th• Ch•rlty General Funds Restrlth Funds DE51QF)ated Funds Revalua￿0￿ Re￿￿ve 971,945 971,945 12,860 244 L.490,000 997,orxi 13,708 244 1,490.000 12,B60 li 244 1,490,000 Tot•1 Fund• 2 461 945 12 2 475 049 2 500 952 Approved by th¢ Church Councll ......... 8nd Slghed on thelr ￿hall by ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **Basis of preparation:** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) 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 Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. There are no material uncertainties about the charity's ability to continue in operation as a going concern. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. ## **1. ACCOUNTING POLICIES Income** ## Recognition of Income These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees believe it is probable they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## Income with related expenditure Where income has related expenditure (as with fundraising or contract income) the income and related expenditure are reported gross in the SOFA. ## Grants and Donations Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## Tax reclaims on Donations and Gifts Income from tax reclaims are included in the SOFA during the same period as the gift to which they relate. ## Gifts in Kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income when receivable. ## Donated Services and Facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## Volunteer Help The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. ## Investment Income This is included in the accounts when receivable. ## **Expenditure and liabilities** ## Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## Governance Costs Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## Support Costs Support costs are those that assist the work of the charity but do not directly represent charitable activities, including office costs and administrative payroll costs if any. They are incurred directly in support of expenditure on the objects of the charity and are all directly attributable to the general church operational activities. 10 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## Pensions The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. The charity is under no further obligation to make any extra payments irrespective of how that pension fund performs. ## Assets Tangible fixed assets for use by the charity These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows: Fixtures, Fittings and Equipment 25% Buildings 1% (from 1st October 2019) Land 0% Prior to financial year 2017/16, the property was included in the financial statements at its 2009 market value. At the date of transition to FRS102, the Trustees opted to state the property at its revalued amount being that property's current market value, as calculated by Foxtons Agents in July 2017. The value of the land element of the property is deemed to be one third of the total carrying value. 11 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021** |**2. INCOME**
**a) Donations and Legacies**
Gift aid tax recoverable
Offerings and donations
**b) Raising Funds**
Lettings and Hall Hire
**c) Investments**
Bank interest
**d) Charitable Activities**
Training Income
**e) Other**
HMRC Credit Interest
Sundry income|Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
1,976
0
0
1,976
5,443
29,760
0
82
29,842
29,995
**31,736**
**0**
**82**
**31,818**
**35,438**
200
0
0
200
0
**200**
**0**
**0**
**200**
**0**
0
0
0
0
275
**0**
**0**
**0**
**0**
**275**
0
0
0
0
1,000
**0**
**0**
**0**
**0**
**1,000**
21
0
0
21
0
5
0
0
5
2
**26**
**0**
**0**
**26**
**2**| |---|---| 12 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **3. EXPENDITURE** |**a) Charitable Activities**
**Minister:**
Employer pension
Gross salary
**Church activities:**
Affiliation Fees
Benevolence
Books and magazines
Catering and refreshments
Children and youth
Gifts and donations
Materials
Missions
Training and conferences
Travel
Visiting speakers
Worship
**Office and support costs:**
Accountancy and payroll
Administration and office expenses
Equipment Expensed
Legal and professional fees
Printing, postage and stationery
Professional subscriptions and licences
Professional memberships, support and advice
Telephone
Website and internet
**Premises costs:**
Cleaning and premises costs
Depreciation of fixed assets
Insurance
Manse repairs
Manse rent and rates
Repairs and maintenance
Utilities
**Governance costs:**
Independent examination and accounts preparation *
Safeguarding
Professional Fees
**b) Other**
Sundry expenses
**Details of certain items of expenditure**
**Included in Accountancy and Payroll**
Bookkeeping Fees
Payroll Fees
Taxation Services|Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2021/20
2020/19
£
£
£
£
£
729
0
0
729
729
24,284
0
0
24,284
24,284
1,050
0
0
1,050
1,145
0
0
0
0
203
7
0
0
7
3
227
0
0
227
412
0
0
0
0
36
100
0
0
100
0
52
0
0
52
345
180
0
0
180
180
25
0
930
955
209
19
0
0
19
76
0
0
0
0
300
32
0
0
32
0
3,784
0
0
3,784
2,501
154
0
0
154
182
20
0
0
20
0
405
0
0
405
324
94
0
0
94
59
474
0
0
474
233
25
0
0
25
25
322
0
0
322
686
561
0
0
561
440
540
0
0
540
300
16,333
0
0
16,333
26,142
2,050
0
0
2,050
3,093
240
0
0
240
384
2,469
0
0
2,469
2,062
1,122
0
0
1,122
1,630
513
0
0
513
1,048

1,020
0
0
1,020
585
186
0
0
186
193
0
0
0
0
0
**57,017**
**0**
**930**
**57,947**
**67,809**
0
0
0
0
0
**0**
**0**
**0**
**0**
**0**
TOTAL
TOTAL
2021/20
2020/19
£
£
3,120
2,011
520
490
144
0
**3,784**
**2,501**| |---|---| * Note 2021/20 Independent Examination fees shown also includes half of the 2020/19 fee (£330). 13 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **4. STAFF COSTS AND NUMBERS** |Gross Wages and Salaries
Employer's National Insurance Costs
Employers Allowance Claimed
Pension Contributions
Employees who were engaged in each of the following activities:
Activities in furtherance of organisation's objects|**2021/20**
**2020/19**
£
£
24,284
24,284
2,135
2,150
(2,135)
(2,150)
729
729
**25,013**
**25,013**
**2021/20**
**2020/19**
TOTAL
TOTAL
1
1| |---|---| No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system. Employer pension contributions totalling £729 were paid on behalf of one employee. ## **5. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to Holding Trustees. One Managing Trustee (Pastor John Onelum) received no remuneration for acting as a Trustee, but he received remuneration for his services a Church Pastor as disclosed below. The Church also paid employer pension contributions on his behalf. Pastor John Onelum was also provided with manse accommodation in accordance with a formal tenancy agreement. As the landlord, the Church paid the management charges, service charges and repairs and maintenance relating to the Manse. |Name of Trustee|Legal authority|Amounts paid or benefit value|| |---|---|---|---| |Pastor John Onelum|Governing document|Remuneration
Employer NI
and Pension
£
£
24,284
729|**2021/20**
**2020/19**
Total
Total
£
£
25,013
25,013| |||**24,284**
**729**|**25,013**
**25,013**| |One Trustee received reimbursement of expenses incurred whilst on||church business as detailed below|| |Amount reimbursed:||**2021/20**
**2020/19**|| |Travel||£ £
19
76|| |Subsistence||28
255|| |Total amount paid|£|47
331|| The Trustee Board agreed to make a small one-off payment in the form of a gift voucher of £100 to Pastor John Onelum as a Christmas gift in December 2020, which represented a gesture of appreciation from the Trustees and Church members. Pastor Onelum was not involved in this decision. In 2021/20 a related party to Trustee S. Lewis received no payments for cleaning services provided to the church (2020/19: a related party received £300). Note: Trustee S. Lewis resigned as a Trustee in February 2020. In July 2020 the Board of Trustees agreed to support AoG Minister in Training Certification for one of the Trustees Eva Blessing Onyeulo. The commitment is a three course charged at £120 per month. The Church has agreed to contribute 75% of the overall cost. For the financial year ending 30th September 2021 the amount payable by the Church was £600. This was paid in January 2022. Apart from reimursement of purchases made on behalf of the Church that totalled £1,403 (2020/19: £1,847), no other payments were made to trustees or any persons connected with them during this financial period. 14 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **6. TANGIBLE FIXED ASSETS** |Cost
01-Oct-20
Additions
Cost at
30-Sep-21
Depreciation
01-Oct-20
Charge
Depreciation at
30-Sep-21
Net Book Value 30-Sep-21
Net Book Value 30-Sep-20|Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Unrestricted
Total
Freehold
Freehold
Leasehold
Leasehold
Fixtures
Refurbishment
Land
Buildings
Land
Buildings
Fittings &
Costs
Equipment
Title No. 249700
Title No. 249700 Title No. EGL172683 Title No. EGL172683
The Church
The Church
The Manse
The Manse
£
£
£
£
£
£
£
500,000
1,000,000
316,667
633,333
20,857
38,083
2,508,940
0
0
0
0
0
0
0
500,000
1,000,000
316,667
633,333
20,857
38,083
2,508,940
0
10,000
0
6,333
20,857
38,083
75,273
0
10,000
0
6,333
0
0
16,333
0
20,000
0
12,666
20,857
38,083
91,606
**500,000**
**980,000**
**316,667**
**620,667**
**0**
**0**
**2,417,334**
500,000
990,000
316,667
627,000
0
0
2,433,667| |---|---| Fixed assets are used for charitable purposes. The Trustees are of the opinion that the value of the two freehold properties held (The Church, 30 Christchurch Square and The Manse, Lauriston Road) is not materially different to the valuation provided by Foxtons Agents in July 2017 and as stated above. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 30 September 2021: None 30 September 2020: None ## **7. DEBTORS AND PREPAYMENTS** |Gift Aid Tax Recoverable
**8. CASH AT BANK AND IN HAND**
HSBC Current Account
HSBC Deposit Account
Cash in Hand|Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**30-Sep-21**
**30-Sep-20**
£
£
£
£
£
6,341
0
0
6,341
5,043
**6,341**
**0**
**0**
**6,341**
**5,043**
Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**30-Sep-21**
**30-Sep-20**
£
£
£
£
£
22,411
244
13,460
36,115
46,238
16,507
0
0
16,507
16,507
328
0
0
328
328
**39,246**
**244**
**13,460**
**52,950**
**63,073**| |---|---| ## **9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Accountancy Fees
Independent Examiners Fees
Minister in Training Course
Pension Contributions|Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**30-Sep-21**
**30-Sep-20**
£
£
£
£
£
509
0
0
509
365
325
0
0
325
325
0
0
600
600
0
142
0
0
142
141
**976**
**0**
**600**
**1,576**
**831**| |---|---| 15 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **10. RESTRICTED FUNDS** |Current year
Cosmo Club
Missions
Street Work
Girls Brigade
Youth Ministry
Ministry Training
English for Non Speakers
Previous year
Cosmo Club
Missions
Street Work
Girls Brigade
Youth Ministry
Ministry Training
English for Non Speakers|Balance
Balance
01-Oct-20
Income
Expenditure
Transfers
30-Sep-21
£
£
£
£
£
561
0
0
0
561
6,236
41
0
0
6,277
4,239
0
0
0
4,239
240
0
0
0
240
954
41
0
0
995
1,453
0
930
0
523
25
0
0
0
25
13,708
82
930
0
12,860
Balance
Balance
01-Oct-19
Income
Expenditure
Transfers
30-Sep-20
£
£
£
£
£
511
50
0
0
561
6,236
0
0
0
6,236
4,239
0
0
0
4,239
240
0
0
0
240
282
708
36
0
954
1,453
0
0
0
1,453
25
0
0
0
25
12,986
758
36
0
13,708| |---|---| **The Cosmo Club** fund relates to funds raised by and for the Cosmo Club. **The Missions Fund** relates to funds raised specifically for missionary causes. **The Street Work** fund relates to funds raised for work amongst the homeless. **The Girls Brigade Fund and Youth Ministry Fund** relates to giving for these specific activities. It includes costs for refreshments, materials and special events and activities. **The Ministry Training funds** pertain to the church's education and ministry training program for adults. **The English for Non Speakers (ESOL) funds** pertain to the ESOL classes delivered at Hampden Chapel in partnership with the Hackney Learning Trust. ## **11. DESIGNATED FUNDS** |Current year
Building Fund
Previous year
Building Fund|Balance
Balance
01-Oct-20
Income
Expenditure
Transfers
30-Sep-21
£
£
£
£
£
244
0
0
0
244
244
0
0
0
244
Balance
Balance
01-Oct-19
Income
Expenditure
Transfers
30-Sep-20
£
£
£
£
£
194
50
0
0
244
194
50
0
0
244| |---|---| 16 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2021** ## **12. RECONCILIATION OF FUNDS HELD AND MOVEMENT DURING THE CURRENT YEAR** ||Balance|Opening|||||Balance| |---|---|---|---|---|---|---|---| ||01-Oct-20|Bal Adjust|Income
Gains/Losses|Expenditure||Transfers|30-Sep-21| ||£||£
£||£|£|£| |Unrestricted funds|2,487,000|0|31,962|0|57,017|0|2,461,945| |Designated funds|244|0|0|0|0|0|244| |Restricted funds|13,708|0|82|0|930|0|12,860| ||2,500,952|0|32,044|0|57,947|0|2,475,049| |**13. RECONCILIATION OF FUNDS HELD**||**AND MOVEMENT DURING THE PREVIOUS**|||**YEAR**||| |Unrestricted funds|Balance
01-Oct-19
£
2,518,866|Opening
Bal Adjust
£
0|Income
Gains/Losses
£
£
35,907|Expenditure
£
0
67,773||Transfers
£
0|Balance
30-Sep-20
£
2,487,000| |Designated funds|194|0|50|0|0|0|244| |Restricted funds|12,986|0|758|0|36|0|13,708| ||2,532,046|0|36,715|0|67,809|0|2,500,952| ## **14. PUBLIC BENEFIT** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 17