ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
CHARITY REGISTRATION No: 1054394
Independent Examiners Ltd
Unit 2 The Broadbridge Business Centre
Delling Lane
Bosham PO18 8NF
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| HAMPDEN CHAPEL | |
|---|---|
| CONTENTS | |
| Page 3 | Legal and Administrative Information |
| Page 4 to 5 | Trustees Report |
| Pages 6 | Independent Examiner's Report to the Trustees |
| Page 7 | Statement of Financial Activities |
| Page 8 | Balance Sheet |
| Pages 9 to 16 | Notes to the Financial Statements |
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HAMPDEN CHAPEL
LEGAL AND ADMINISTRATIVE INFORMATION
| CHARITY NUMBER | 1054394 | ||||||
|---|---|---|---|---|---|---|---|
| START OF FINANCIAL YEAR | 1 October 2022 | ||||||
| END OF FINANCIAL YEAR | 30 September 2023 | ||||||
| TRUSTEES AT 30 SEPTEMBER 2023 | |||||||
| 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 | Rev John Onelum | ||||||
| Maureen Polin | |||||||
| 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
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HAMPDEN CHAPEL
TRUSTEES REPORT
FOR THE YEAR ENDED 30TH SEPTEMBER 2023
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.
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:
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the Church Constitution
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the most recent financial statements
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the Charity Commission's guidance 'the Essential Trustee'
Church Members
In accordance with the Church Constitution, Church Membership is open to those who:
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by grace have exhibited saving faith in the Lord Jesus Christ, and
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desire to worship and serve God in the context of the statement of faith of the Assemblies of God; and
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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. During the year, the Church continued to carry out the following activities in order to promote the Gospel in the local neighbourhood:
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Sunday Worship
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Midweek discipleship classes
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Street Evangelism
Achievements and Performance
As a church, we give thanks to God, who has continued to bless our activities.
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 £24,462 during the year. However, of this deficit £16,570 is due to depreciation charged against fixed assets (2021/22: deficit of £29,386 and depreciation charged of £16,375). The balance sheet at 30th September 2023 shows net assets of £2,420,211 (At 30 September 2022: net assets of £2,445,663).
Included in the total funds are amounts totalling £12,056 (2021/22: £12,460) 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. Note 10 of these accounts provides full details of the restricted funds together with an analysis of movement.
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HAMPDEN CHAPEL
TRUSTEES REPORT[(] CONTINUED) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
Reserves Polley
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 pro[j] ects, 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 2023 the church had net free reserves[(] excluding property[) ] as follows:
| Unrestricted funds | 30-Sep-23 | 30-Sep-22 |
|---|---|---|
| £ | £ | |
| Net Current Assets Free Reseres |
23 314 23 314 |
31 401 31 401 |
Investment Polic[y ]
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 sub[j] ect 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 ob[j] ectives. These include delivering more activities and programmes that support the spiritual formation of our members and working In partnership with other parachurch agencies and churches in the Borough of Hackney to serve the wider Christian community.
Trustees Resoonsibllitles
The Church Council are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards[(] United Kingdom Generally Accepted Accounting Practice[)] .
The law applicable to charities in England and Wales, the Charities Act 2011, Charity[(] Accounts and Reports[) ] Regulations and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
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Select suitable accounting policies and apply them consistently
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Make[j] udgements and estimates that are reasonable and prudent
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Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
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Observe the methods and[p] rinciples in the Charity SORP[; ]
The Church Council is responsible for keeping pro[p] er accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity[(] Accounts and Reports[) ] Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Church Council is responsible for the maintenance and integrity of the charity and financial Information included in the charity's website.
Signed on behalf of the Church Council by
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HAMPDEN CHAPEL
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the Church Council of Hampden Chapel on the accounts for the year ended 30 September 2023 set out on pages 7 to 16.
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:
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examine the accounts (under section 145 of the Act);
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follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Act); and
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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:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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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.
Zita Derbak MAAT AATQB
Independent Examiners Limited Signed: Unit 2 Broadbridge Business Centre Delling Lane Bosham Dated: 08.06.2024 PO18 8NF
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HAMPDEN CHAPEL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2023
| 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 Transfers between funds Fixed Assets Capitalised 16 Gains and losses on revaluation 15 of fixed assets for the charity's own use 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 2022/23 2021/22 £ £ £ £ £ 36,317 0 193 36,510 31,709 40 0 0 40 0 202 0 0 202 99 0 0 0 0 0 906 0 0 906 12 37,465 0 193 37,658 31,820 61,466 0 654 62,120 61,206 0 0 0 0 0 61,466 0 654 62,120 61,206 (24,001) 0 (461) (24,462) (29,386) -57 0 57 0 0 0 0 - 0 0 0 0 - 0 0 (24,058) 0 (404) (24,462) (29,386) 2,432,959 244 12,460 2,445,663 2,475,049 2,408,901 244 12,056 2,421,201 2,445,663 |
|---|---|
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 9 to 16 form part of these financial statements.
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023
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.
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023
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.
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
| 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 Sundry income |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ 3,965 0 0 3,965 4,345 32,352 0 193 32,545 27,364 36,317 0 193 36,510 31,709 40 0 0 40 0 40 0 0 40 0 202 0 0 202 99 202 0 0 202 99 0 0 0 0 0 0 0 0 0 0 906 0 0 906 12 906 0 0 906 12 |
|---|---|
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
| 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 Children and Youth Office and support costs: Accountancy and payroll Administration and office expenses Legal and professional fees Printing, postage and stationery Professional subscriptions and licences Telephone Website, computer and internet Premises costs: Church repairs and maintenance Cleaning and premises costs Depreciation of fixed assets Hall hire Insurance Manse repairs and maintenance Manse service and management charges Utilities Governance costs: Independent examination and accounts preparation Safeguarding b) Other Sundry expenses |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2022/23 2021/22 £ £ £ £ £ 729 0 0 729 729 24,284 0 0 24,284 24,284 0 0 0 0 286 0 0 0 0 13 1,293 0 0 1,293 939 200 0 200 400 100 73 0 0 73 125 50 0 256 306 938 2,077 0 0 2,077 2,707 0 0 0 0 12 0 0 198 198 0 3,323 0 0 3,323 3,310 406 0 0 406 332 0 0 0 0 260 70 0 0 70 6 1,971 0 0 1,971 896 587 0 0 587 491 0 0 0 0 478 3,900 0 0 3,900 1,839 560 0 0 560 480 16,570 0 0 16,570 16,375 0 0 0 0 200 2,157 0 0 2,157 1,969 6 0 0 6 575 1,219 0 0 1,219 2,206 978 0 0 978 759 780 0 0 780 720 233 0 0 233 177 61,466 0 654 62,120 61,206 0 0 0 0 0 0 0 0 0 0 |
|---|---|
*In 2023 some expenditure items have been re-categorised in the published accounts and so the corresponding 2022 items have been restated to ensure like for like comparatives. There is no change to the total figure of expenditure which remains at £61,206 for 2022. The individual changes are: Training and conferences cost originally stated as £1,026, now restated as £2,707. Hall Hire cost originally stated as £1,881, now restated as £200.
| Details of certain items of expenditure Included in Accountancy and Payroll Bookkeeping Fees Payroll Fees Taxation Services |
TOTAL TOTAL 2022/23 2021/22 £ £ 2,640 2,640 528 526 0 144 3,168 3,310 |
|---|---|
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30TH SEPTEMBER 2023
| 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 |
2022/23 2021/22 £ £ 24,284 24,284 2,112 2,135 (2,112) (2,135) 729 729 25,013 25,013 2022/23 2021/22 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 2022/23 was £25,013 (2021/22: £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 Pastor John Onelum |
Legal authority Governing document |
Amounts paid or benefit value Remuneration Employer NI 2022/23 2021/22 and Pension Total Total £ £ £ £ 24,284 729 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: Travel Subsistence Accommodation for training Total amount paid £ |
2022/23 2021/22 £ £ 88 12 55 502 249 0 392 514 |
|---|---|
The Trustee Board agreed to make a small one-off payment in the form of a gift voucher of £150 to Pastor John Onelum as a Christmas gift in December 2022, which represented a gesture of appreciation from the Trustees and Church members. Pastor Onelum was not involved in this decision (2021/22: £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 was a three-year course charged at £120 per month. The Church agreed to contribute 75% of the overall cost, with Eva contributing the remainder. For the financial year ending 30th September 2023 there were no cost due to the suspended training. (2021/22: £720).
Apart from reimbursement of purchases made on behalf of the Church for items such as licences, stationery, postage etc that totalled £2,386 (2021/22: £1,462), no other payments were made to trustees during this financial period. £228 was paid for training costs and reimbursed expenses to a related party of trustee, Eva-Blessing Onyeulo in this financial year. (2021/22: Nil).
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
6. TANGIBLE FIXED ASSETS
| Cost 01-Oct-22 Additions Cost at 30-Sep-23 Depreciation 01-Oct-22 Charge Depreciation at 30-Sep-23 Net Book Value 30-Sep-23 Net Book Value 30-Sep-22 |
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. EGL172683Title No. EGL172683 The Church The Church The Manse The Manse £ £ £ £ £ £ £ 500,000 1,000,000 316,667 633,333 21,456 38,083 2,509,539 0 0 0 0 599 0 599 500,000 1,000,000 316,667 633,333 22,055 38,083 2,510,138 0 30,000 0 18,999 20,899 38,083 107,981 0 10,000 0 6,333 237 0 16,570 0 40,000 0 25,332 21,136 38,083 124,551 500,000 960,000 316,667 608,001 919 0 2,385,587 500,000 970,000 316,667 614,334 557 0 2,401,558 |
|---|---|
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 2023: None 30 September 2022: None
| 7. DEBTORS AND PREPAYMENTS Gift Aid Tax Recoverable 8. CASH AT BANK AND IN HAND Current Account Deposit Account Cash in Hand |
Unrestricted Designated Restricted Total Total Fund Fund Fund 30-Sep-23 30-Sep-22 £ £ £ £ £ 1,789 0 0 1,789 791 1,789 0 0 1,789 791 Unrestricted Designated Restricted Total Total Fund Fund Fund 30-Sep-23 30-Sep-22 £ £ £ £ £ 4,181 0 0 4,181 14,558 18,266 244 12,056 30,566 30,365 0 0 0 0 87 22,447 244 12,056 34,747 45,010 |
|---|---|
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-23 30-Sep-22 £ £ £ £ £ 0 0 0 0 144 780 0 0 780 720 0 0 0 0 690 142 0 0 142 142 922 0 0 922 1,696 |
|---|---|
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
| 10. RESTRICTED FUNDS Current year Cosmo Club Missions Street Work Girls Brigade Youth Ministry Ministry Training English for Non Speakers Syria Earthquake Appeal Turkey Appeal Previous year Cosmo Club Missions Street Work Girls Brigade Youth Ministry Ministry Training English for Non Speakers |
Balance Balance 01-Oct-22 Income Expenditure Transfers 30-Sep-23 £ £ £ £ £ 561 0 0 0 561 5,877 0 256 0 5,621 4,239 0 0 0 4,239 240 0 0 0 240 995 0 198 0 797 523 0 0 0 523 25 0 0 0 25 0 50 0 0 50 0 143 200 57 0 12,460 193 654 57 12,056 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 |
|---|---|
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.
Syria Earthquake Appeal
Turkey Earthquake Appeal
| 11. DESIGNATED FUNDS Current year Building Fund Previous year Building Fund |
Balance Balance 01-Oct-22 Income Expenditure Transfers 30-Sep-23 £ £ £ £ £ 244 0 0 0 244 244 0 0 0 244 Balance Balance 01-Oct-21 Income Expenditure Transfers 30-Sep-22 £ £ £ £ £ 244 0 0 0 244 244 0 0 0 244 |
|---|---|
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HAMPDEN CHAPEL
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2023
12. RECONCILIATION OF FUNDS HELD AND MOVEMENT DURING THE CURRENT YEAR
| Unrestricted funds Designated funds Restricted funds |
Balance Balance 01-Oct-22 Income Gains/Losses Expenditure Transfers 30-Sep-23 £ £ £ £ £ £ 2,432,959 37,465 0 61,466 -57 2,408,901 244 0 0 0 0 244 12,460 193 0 654 57 12,056 2,445,663 37,658 0 62,120 0 2,421,201 |
|---|---|
13. RECONCILIATION OF FUNDS HELD AND MOVEMENT DURING THE PREVIOUS YEAR
| Unrestricted funds Designated funds Restricted funds |
Balance Balance 01-Oct-21 Income Gains/Losses Expenditure Transfers 30-Sep-22 £ £ £ £ £ £ 2,461,945 31,790 0 60,776 0 2,432,959 244 0 0 0 0 244 12,860 30 0 430 0 12,460 2,475,049 31,820 0 61,206 0 2,445,663 |
|---|---|
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.
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