**----- Start of picture text -----**
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR
ENDED
30 SEPTEMBER 2022
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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 2021| |**END OF FINANCIAL YEAR**|30 September 2022| |**TRUSTEES AT 30 SEPTEMBER 2022**|| |Holding Trustee|Assemblies of God Property Trust, registered charity number 251550| ||Trustees of above:| ||Rev Kristian Paul Thorpe| ||John Tyrell| ||Julie Turner| ||Rev David Ernest Shearman| ||Remi Anekwe| |Managing Trustees|John Onelum| ||Maureen Polin| ||Olajide Abodunrin (until 25th April 2022)| ||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 2022 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: 26th April 2023 4 ## **HAMPDEN CHAPEL** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 30 SEPTEMBER 2022** 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 12 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 2022** ## **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 conduct services throughout the year despite the COVID-19 lockdowns and restrictions. 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 £29,386 during the year. However, of this deficit £16,375 is due to depreciation charged against fixed assets (2021/20: deficit of £25,903 and depreciation charged of £16,333). The balance sheet at 30th September 2022 shows net assets of £2,445,663 (At 30 September 2021: net assets of £2,475,049). Included in the total funds are amounts totalling £12,460 (2020/19: £12,860) 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 2022 the church had net free reserves (excluding property) as follows: |Unrestricted funds
Net Current Assets
**Free Reserves**|30-Sep-22
30-Sep-21
£
£
31,401
44,611
31,401
44,611| |---|---| ## **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. ## **Plans for the future** We plan to develop those activities that help us to achieve our objectives. These include hosting a public engagement, delivering more activities and programmes that support the spiritual formation of our members and working in partnership with other churches in the Borough of Hackney to serve the wider Christian community. 6 HAMPDEN CHAPEL TRUSTEES REPORT (CONTINiItD) VOR T*II YEIR E•IDED 30 SEPTEMBER 2022 Tn￿t￿* R•ipoMlbllltle• The Church COU￿11 Jre ￿P0n￿ty￿ for preporfno the Report of the Trustees and the flnanclal statements In accordance wth appllcabk law Un￿d Klngdom Accountlng Stsndard$ lun5￿ Kltvjdom Genern￿V Accepted Accounyng Prnrtkel. The Law èppllcable to chart￿es In England and Wales, the Chadtyes Acr 2011, Charfty (Accounts and Reports) liegukHtiorLS ind the provlslons of the trust deed requlres the twstees to prepare fina￿181 ststements for e)ch financijl Year which glve a true ind f•lr of the stste of èffalrs or the charfty and of the Incomhg resources and •pplICa￿On of resources. Including the Income Ind POnd￿￿re. of ch•rty for th4t perbDd. In prepJrlng those flrwneial Statem￿ts, tht trustees are requlre(J io.. Selett sultatrAe xcounUn9 wlldes znd app￿ them con515tently M?ke ludgeTrents ond est￿ateS that are reasonab￿ and prudent Prepare financlal 5taternents on the golw curtem bas& unless r( ￿ Inèppmprfate to presume that the trnst wlll In exlstertce. ObseNe the mtihods and Drlnclples In the Chat1ty SORP.. The Church Councll Is responslble for keepin9 proper accounting records whlth dlselose with re8son8ble accyrw 4t any tlme the finandal po$ltbn of the charfty and tr> enable them to ensur¢ that the flnanckryl statements comply wlth the char￿¢5 Act zoii. the Ch4rty (Aecounts Bnd Rtportsl Re9ulatbns and the prov151ons of the Trust Deed. They are ¥lJo responslble for safegu4rdSng the 9gets of the charfty and hence for taklry reasonab￿ Steps for the preventlon and detectkin Of fraud and other Irregularltles. The Church Councll th le6pon￿ts￿ for tha mdntshan￿ and llltagrlty of thé thèrtty •nd fln•nel•l Infm)tbn In¢lud•d ln th• tharfty's web￿te. S￿ned on bthall OF the Chyrch Coundl by ## **HAMPDEN CHAPEL** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022** |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
2022/21
2021/20
£
£
£
£
£
31,679
0
30
31,709
31,818
0
0
0
0
200
99
0
0
99
0
0
0
0
0
0
12
0
0
12
26
**31,790**
**0**
**30**
**31,820**
**32,044**
60,776
0
430
61,206
57,947
0
0
0
0
0
**60,776**
**0**
**430**
**61,206**
**57,947**
**(28,986)**
**0**
**(400)**
**(29,386)**
**(25,903)**
(28,986)
0
(400)
(29,386)
(25,903)
2,461,945
244
12,860
2,475,049
2,500,952
**2,432,959**
**244**
**12,460**
**2,445,663**
**2,475,049**| |---|---| 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 AS AT JO SEPTB•btR 202Z S•p22 3tr$2*21 Total Tot•1 FuThts Funds TJnglble 8ssets 2001.558 ZAOI.5S8 2,417 J34 Current AM•ts Debtors Cash at ￿nk and In hand Tot41 Curr•nt 791 791 6,341 244 244 CMdIto￿ Jmounts due wlthln one year 1.576 IIIT CURRe14Y A￿tT$ 31,401 244 12.460 44,105 57.715 YOTAL ASSETS 115$ Ilabllth• Wl•S9 244 2A73049 Nrr 939 Pund• of th• thIr￿Y General Funds Restrlcted Fundi Des*nated Funds Revèluatlon Re8er¥e 942,959 942,959 12,460 244 1.490.0 971,945 12,860 244 1,490,0Th) 12,460 Al 244 1,490.000 T•t•l Pund• 244 Approved by ihe Church Cwnd........ ........... Slgn•d on th•lr b•h•lf bv ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **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 accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)). 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 2022** ## 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 2022** |**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
2022/21
2021/20
£
£
£
£
£
4,345
0
0
4,345
1,976
27,334
0
30
27,364
29,842
**31,679**
**0**
**30**
**31,709**
**31,818**
0
0
0
0
200
**0**
**0**
**0**
**0**
**200**
99
0
0
99
0
**99**
**0**
**0**
**99**
**0**
0
0
0
0
0
**0**
**0**
**0**
**0**
**0**
0
0
0
0
21
12
0
0
12
5
**12**
**0**
**0**
**12**
**26**| |---|---| 12 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2022** |**3. EXPENDITURE**
**a) Charitable Activities**
**Minister:**
Employer pension
Gross salary
**Church activities:**
Affiliation Fees
Books and magazines
Catering and refreshments
Gifts and donations
Materials
Missions
Training and conferences
Travel
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, computer and internet
**Premises costs:**
Church repairs and maintenance
Cleaning and premises costs
Depreciation of fixed assets
Insurance
Manse repairs and maintenance
Manse service and management charges
Utilities
**Governance costs:**
Independent examination and accounts preparation *
Safeguarding
**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
2022/21
2021/20
£
£
£
£
£
729
0
0
729
729
24,284
0
0
24,284
24,284
286
0
0
286
1,050
13
0
0
13
7
939
0
0
939
227
100
0
0
100
100
125
0
0
125
52
508
0
430
938
180
1,026
0
0
1,026
955
12
0
0
12
19
0
0
0
0
32
3,310
0
0
3,310
3,784
332
0
0
332
154
0
0
0
0
20
260
0
0
260
405
6
0
0
6
94
896
0
0
896
474
0
0
0
0
25
491
0
0
491
322
478
0
0
478
561
1,839
0
0
1,839
1,122
480
0
0
480
540
16,375
0
0
16,375
16,333
1,969
0
0
1,969
2,050
575
0
0
575
240
2,206
0
0
2,206
2,469
759
0
0
759
513

720
0
0
720
1,020
177
0
0
177
186
**60,776**
**0**
**430**
**61,206**
**57,947**
0
0
0
0
0
**0**
**0**
**0**
**0**
**0**
TOTAL
TOTAL
2022/21
2021/20
£
£
2,640
3,120
526
520
144
144
**3,310**
**3,784**| |---|---| * Note: the 2021/20 Independent Examination fees of £1,020 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 2022** ## **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|**2022/21**
**2021/20**
£
£
24,284
24,284
2,135
2,135
(2,135)
(2,135)
729
729
**25,013**
**25,013**
**2022/21**
**2021/20**
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. Key Management Personnel are considered to be the Trustees. One Trustee received remuneration for their role as Church Pastor as disclosed in note 5. Therefore, the total benefits paid to key management personnel in 2022/21 was £25,013. ## **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|**2022/21**
**2021/20**
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:||**2022/21**
**2021/20**|| |Travel||£ £
12
19|| |Subsistence||502
28|| |Total amount paid|£|514
47|| 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 2021, which represented a gesture of appreciation from the Trustees and Church members. Pastor Onelum was not involved in this decision (2021/20: £100 gift). 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-year course charged at £120 per month. The Church has agreed to contribute 75% of the overall cost, with Eva contributing the remainder. For the financial year ending 30th September 2022 the 75% share payable by the Church was £1,080. Apart from reimbursement of purchases made on behalf of the Church for items such as licences, stationery, postage etc that totalled £1,462 (2021/20: £1,403), 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 2022** ## **6. TANGIBLE FIXED ASSETS** |Cost
01-Oct-21
Additions
Cost at
30-Sep-22
Depreciation
01-Oct-21
Charge
Depreciation at
30-Sep-22
Net Book Value 30-Sep-22
Net Book Value 30-Sep-21|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
599
0
599
500,000
1,000,000
316,667
633,333
21,456
38,083
2,509,539
0
20,000
0
12,666
20,857
38,083
91,606
0
10,000
0
6,333
42
0
16,375
0
30,000
0
18,999
20,899
38,083
107,981
**500,000**
**970,000**
**316,667**
**614,334**
**557**
**0**
**2,401,558**
500,000
970,000
316,667
614,334
0
0
2,401,001| |---|---| 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 2022: None 30 September 2021: 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-22**
**30-Sep-21**
£
£
£
£
£
791
0
0
791
6,341
**791**
**0**
**0**
**791**
**6,341**
Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**30-Sep-22**
**30-Sep-21**
£
£
£
£
£
15,712
244
12,460
28,416
36,115
16,507
0
0
16,507
16,507
87
0
0
87
328
**32,306**
**244**
**12,460**
**45,010**
**52,950**| |---|---| ## **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-22**
**30-Sep-21**
£
£
£
£
£
144
0
0
144
509
720
0
0
720
325
690
0
0
690
600
142
0
0
142
142
**1,696**
**0**
**0**
**1,696**
**1,576**| |---|---| 15 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **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-21
Income
Expenditure
Transfers
30-Sep-22
£
£
£
£
£
561
0
0
0
561
6,277
30
430
0
5,877
4,239
0
0
0
4,239
240
0
0
0
240
995
0
0
0
995
523
0
0
0
523
25
0
0
0
25
12,860
30
430
0
12,460
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| |---|---| **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-21
Income
Expenditure
Transfers
30-Sep-22
£
£
£
£
£
244
0
0
0
244
244
0
0
0
244
Balance
Balance
01-Oct-20
Income
Expenditure
Transfers
30-Sep-21
£
£
£
£
£
244
0
0
0
244
244
0
0
0
244| |---|---| 16 ## **HAMPDEN CHAPEL** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2022** ## **12. RECONCILIATION OF FUNDS HELD AND MOVEMENT DURING THE CURRENT YEAR** |Unrestricted funds
Designated funds
Restricted funds|Balance
Opening
Balance
01-Oct-21
Bal Adjust
Income
Gains/Losses
Expenditure
Transfers
30-Sep-22
£
£
£
£
£
£
2,461,945
0
31,790
0
60,776
0
2,432,959
244
0
0
0
0
0
244
12,860
0
30
0
430
0
12,460
2,475,049
0
31,820
0
61,206
0
2,445,663| |---|---| ## **13. RECONCILIATION OF FUNDS HELD AND MOVEMENT DURING THE PREVIOUS YEAR** |Unrestricted funds
Designated funds
Restricted funds|Balance
Opening
Balance
01-Oct-20
Bal Adjust
Income
Gains/Losses
Expenditure
Transfers
30-Sep-21
£
£
£
£
£
£
£
2,487,000
0
31,962
0
57,017
0
2,461,945
244
0
0
0
0
0
244
13,708
0
82
0
930
0
12,860
2,500,952
0
32,044
0
57,947
0
2,475,049| |---|---| ## **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