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2023-12-31-accounts

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Charity Number: 1097667
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HIS CHURCH

TRUSTEES' ANNUAL REPORT

AND

CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2023

HPH Chartered Accountants 54 Bootham YORK YO30 7XZ

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees of the Charity (whose details are shown in the reference and administrative section of this report) are pleased to present their Annual Report together with the Financial Statements of the Charity for the year ended 31 December 2023.

The Financial Statements comply with the Charities Act 2011, the Trust Deed and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 1 January 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Charity is a Public Benefit Entity.

OBJECTIVES AND ACTIVITIES

The Charity's principal objectives as set out in its Trust Deed are: -

  1. The public advancement of the Christian religion, in particular, to preach Christ crucified and risen for the salvation and redemption of souls and to baptise those who profess Jesus Christ as Lord.

  2. The pursuit of such purposes as are charitable according to the law of England and Wales, consistent with the expression of the Christian religion, as will demonstrate, augment and further the Christian religion.

The following policies have been adopted in order to further the Charity's principal objectives: -

  1. To hold meetings including worship, prayer, study, teaching, baptism and fellowship.

  2. To supply and maintain appropriate vehicles for the Charity’s Outreach Programmes.

  3. To further the Christian religion by the provision of facilities, resources, training, bible studies, outreach mission work etc. to members of the public.

ACHIEVEMENTS AND PERFORMANCE.

According to the Word of God, genuine faith produces good works, and stipulates specifically in the book of James that to say “keep warm and well fed” without providing the necessities for the body does no good at all! Therefore, at the heart of the Charity’s activity is the distribution of foods, clothing and supplies to those in need both directly and via a network of over 3,000 charitable faith and non-faith partners including food banks, local authorities, football foundations, churches, mosques, refugee camps, schools, hospitals, and a diverse range of community projects including social hubs.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

The majority of the items that the Charity distributes are acquired by providing ethical, sustainable, robustly secure, full transport and logistic solutions for major manufacturers and retailers surplus or residual stock. This stock comes in the form of ambient, chilled, fresh and frozen foods, assorted drinks, a variety of clothing and shoes, supplies such as personal hygiene and domestic cleaning products, sleeping bags, household items and toys. These items are redistributed as humanitarian aid through a network of charitable organisations as described above. Redistribution of surplus items not only provides essential provision for those in vulnerable circumstances, but also helps reduce the effects of climate change to which food waste is a major contributor because of the greenhouse gasses it produces. The Charity highly prizes and aims to cultivate quality partnerships in line with the biblical model set out on Philippians 4:15 “a debit and credit account in giving and receiving” and therefore remains grateful to all the retailers and manufacturers which trust the Charity to redistribute their branded products and are delighted to help those partners achieve their ethical social responsibility and sustainability goals.

FOOD

DEFRA Funded / WRAP Administered Pioneering

Project - The Charity works closely with DEFRA, WRAP, Retailers, Manufacturers and other Charities to provide solutions for “hard to reach” surplus food. This includes food items that have additional barriers to redistribution because of factors such as labelling, time limitations, transport etc. Overcoming barriers to save “hard to reach” surplus food has never been more important, the cost of living crisis means that less people can donate food to foodbanks and demand for help from foodbanks has increased simultaneously and significantly leaving a shortfall in supply. Furthermore, food waste is a major contributor to climate change due to the greenhouse

gasses food waste emits. This year was the second year into a pioneering project that is projected to save an additional 1,400 tonnes of food from going to waste over the course of the project, which equates to around 3,500,000 meals to support people in need.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

The project received £599,095 in UK funding under the Resource Action Fund, provided by DEFRA and administered by WRAP, which has funded the purchase of a 105-pallet capacity drive in freezer, an 11-pallet capacity blast freezer, an automated labelling machine, a forklift, a variety of pallet trucks and three temperature-controlled vehicles, a 26-tonne truck, a trailer and a 7.5-tonne truck. The Project has increased the Charity’s redistribution in three main ways:

Holiday Hunger - Sadly, more children than ever are at risk of hunger during the school holidays, in 2023, His Church continued to support an ever-increasing number of charities who provide meals for children in families classed as “food insecure”. A significant proportion of the meals we provided this year in the holidays were in conjunction with Football Club partners who run HAF (Holiday Activity and Food) Projects. All the projects are structured differently but all children benefit from activities delivered by staff from the Football Club Foundation, and typically receive a breakfast and lunch at the project venue as well as food parcels to take home.

Seasonal Food - The Charity redistributes large volumes of surplus foods which are traditionally eaten at a specific season, but usually after that season. For example, Easter eggs, Halloween sweets, Christmas chocolates and more commonly now items like themed (shaped) pasta and Christmas ready meals are still very much appreciated after the season. However, the Charity works with manufacturing partners, encouraging them to identify before e.g. Easter Sunday or Christmas Day just how much of their stock they estimate will become residual and what can be donated before those celebrations.

This type of redistribution is made possible by an excellent distribution network and logistics capacity, meaning the Charity can redistribute large amounts in a short time and in doing so can help children and families enjoy a seasonal treat that they might have otherwise gone without.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

The Charity is delighted to report that in 2023 thanks to donations from a number of retail and manufacturing partnerships His Church were able to redistribute over 20,000 Easter Eggs to vulnerable children and older people in the UK (many of which were donated as a bulk product, labelled with ingredients using the WRAP Grant equipment). The scale of the emotional benefit to children and families who receive these traditional treats at a time when they might otherwise have had to go without, is hard to quantify but the feedback received from our partners and their grateful recipients indicates that it has a strong and positive impact on both children and parents’ mental health.

Supporting Local Government Food Outreach - Many of these partnerships have continued due to the cost of living meaning that although people can access food it remains more difficult for them to afford it. Through these partnerships, the Charity has distributed in excess of 1.3 million meals to vulnerable people in their communities. The Charity’s partnership with the London Borough of Tower Hamlets Council is a notable example of excellence in distribution and diversity of provision.

Operation Manna - In response to the humanitarian crisis caused by the conflict in Ukraine the Charity launched a Ukraine Crisis Relief Project “Operation Manna” last year. The project name was inspired by the original Operation Manna, which took place in 1945 from several RAF bases in Lincolnshire including RAF Binbrook, now the home of the Charity.

The food and supplies His Church provided were distributed by a number of charitable organisations partnering with His Church who have distribution networks in Ukraine and more widely in the region. His Church provided an additional 265 pallets including over 350,000 meals in 2023.

Continuing to support people in vulnerable situations long after their plight is being broadcast on the news is fundamental to our ethos of providing as much sustained help as possible for as long as it’s needed.

CLOTHING

The Charity continues its established solutions for Trading Standards Organisation’s counterfeit clothing which is debranded and rebranded and distributed to vulnerable people particularly homeless people. The relationships that the Charity has developed with brands including Tommy Hilfiger, Calvin Klein, Phase Eight and Chanel have resulted in genuine clothing from these fashion houses being donated which have been wonderful additions to the Charity’s clothing pallets and projects.

The Charity has also developed partnerships with football teams and sportswear retailers such as Sports Direct and Pro Direct Sport. Receiving football kit and sportswear means we can provide these items to underprivileged young people for whom not having the correct sportswear is a barrier to physical exercise and healthy lifestyles.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

Additionally, the Charity has provided formal wear for homeless and disadvantaged people. His Church has increased and evolved this area of work by supporting employability courses run by charities including football club foundations where young people are mentored. Areas of training include job interview skills as well as other important factors such as personal hygiene awareness and appearance.

ASSISTED LIVING

As well as food and clothing, His Church are donated a whole range of other items. These can be personal care, cleaning products, as well as household items and furniture. The charity has begun preparing ‘Assisted Living’ pallets in the same way as we prepare food, clothing and supplies pallets. Feedback from our partners suggests these pallets will be immensely popular and although they do not sustain life in the way food and clothing does, these pallets will both improve the recipients’ quality of life and the associated emotional benefits.

CHARITY OUTREACH IN PARTNERSHIP WITH FOOTBALL CLUBS

Football Club Charitable Foundations are key partners for His Church due to their unique ability to reach a wide cross section of their community. Such interaction encourages members of the local community to participate in events where His Church can provide practical support to those in need.

Following the success of the previous year, Liverpool FC wanted to bring their Kicks participants to His Church for a tour followed by a tournament arranged with local teams from Grimsby, Hull and Doncaster. The visit brings understanding to the participants about the issues surrounding food waste and the wider work of the Charity, as well as promoting sports participation and social action.

Of particular note, in 2023 His Church supported the Wolverhampton Wanderers Foundation “Feed Our Pack” Initiative in the distribution of approximately 50,000 meals through 20 local charitable organisations.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

SLEEPING BAGS

Collections of sleeping bags from our established partner Tangerine Fields continued this year. These sleeping bags are laundered on our site and ‘baled’ ready for distribution and have proved essential to help vulnerable people. The Charity collected around 2,000 sleeping bags over the course of the festivals season. The Charity donate to homeless outreaches in the UK, to refugee camps or to places where natural disasters may render communities homeless.

In February, the Charity received an appeal for sleeping bags to help with the Kahramanmaras earthquake response. Working in partnership with Arsenal Football Club, the Turkish Police Association, Turkish Cypriot Community Association and Turkish Consulate in London, we were able to provide 1500 sleeping bags. This was a specific request to help save the lives of the significant numbers of displaced people. The collaboration was so successful, it won the ‘Charity Partnership of the Year’ award at the prestigious Third Sector Awards in October.

TOYS

The Charity distributed in excess of 35,000 brand new, ageappropriate toys. The toys were distributed to terminally ill children and those who might not have otherwise received Christmas presents in the UK.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

VOLUNTEERS

Our local ‘Helping Hands’ programme, active through the whole calendar year continues to grow and support volunteer activity for the benefit of all. In addition, the Charity continues to enjoy the benefit of substantial input from both part time and full-time volunteers, whose work and commitment along with the Charity staff provides much needed operational support.

All Helping Hands and volunteers are organised, work and operate in accordance with risk management and Health & Safety policies and under the guidance of a Church Elder, Trustee, staff member or team leader.

OUTREACH / ENGAGEMENT

Due to the location of His Church’s Operations, which are based at former RAF Binbrook, our links with both the RAF and the local community have increased. This meant we were able to host special events such as a Lancaster flyover to commemorate the 80[th] Anniversary of the Dambusters Raid, as well as a Veterans Afternoon Tea in partnership with the RAF Benevolent Fund.

We have also been able to host many visits and tours both online and in person, from charity partners to dignitaries. This is important in the promotion of our

charitable work and education in terms of preventing food waste and to encourage and inspire recipient partners.

In addition to welcoming guests to His Church, we also travel to meet with recipient and donating partners. In particular, our Operations Director Richard Humphrey travels extensively in order to strengthen and develop new and existing relationships. These visits include giving direct feedback on donations, as well as explaining the diverse and creative solutions that His Church provides to their staff. The Charity’s aim is to ensure our solution for residual stock is embedded within our partners’ organisations. In addition, we visit recipient partners as part of our due diligence but also to establish how we can provide them with the most meaningful support. His Church accept many invitations to share our journey and testimony and encourage and inspire diverse organisations in support of their good work.

At the end of 2023 we launched our new website, created by one of our volunteers – www.hischurch.org.uk.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENTS AND PERFORMANCE – continued .

TRUSTEES CLOSING COMMENTS

The Trustees acknowledge that the sheer volume and diversity of donations from both existing and new partners that the Charity received in 2023 has been extraordinary. We are delighted to have built a reputation over the last 20 years as a trusted charitable solution provider with a proven capacity to receive and redistribute surplus items with integrity and transparency.

His Church are particularly grateful for the exceptional volume and diversity of food we received this year, from an extensive and eclectic portfolio of manufacturers and suppliers. This diversity of food (including halal, kosher and vegan food) enables us to provide meaningful, culturally sensitive support to a network of over 3,000 charities incorporating a wide range of faith-based, (including multi-faith) and non-faith organisations. We fundamentally believe that not only should support be given to all those experiencing times of hardship irrespective of ethnicity, sexual orientation, race or religion, but furthermore, that this support should be given in a manner that preserves the dignity of recipients without any compromise to their beliefs or principles.

In conclusion, the Charity would not have been able to reach and assist anywhere near as many people in genuine need without the trust of such a wide and diverse range of partners and the very valuable donations, along with the support and encouragement we have received throughout the year. The Trustees are, as always, sincerely grateful to all our Charity partners for their passion, vision and support in these increasingly turbulent times.

Finally of note, the Trustees were most delighted to be awarded the prestigious Third Sector Awards’ Charity Partnership of the Year Award 2023, especially as the award celebrated such a dynamic collaboration of diverse charitable organisations.

The Trustees are happy that these activities and achievements continue to be consistent with the aims of the Charity.

FUND RAISING ACTIVITIES

With the exception of publicly funded grants from WRAP and in late 2023, Comic Relief, the Charity is not involved in any fundraising activities.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

During 2023 Operations Director confirmed that 2,832T (2022 – 3,349T) of surplus food, clothes and supplies were distributed, of which 6,743,423 (2022 - 6,785,833) meals were provided to food insecure families and also over 35,000 (2022 - 20,000) toys.

Total income increased by 4.3% during the year to £2,098,412 (2022 - £2,011,910), and total expenditure increased by 6.3% to £1,745,867 (2022 - £1,642,954), resulting in net income (surplus) of £352,545 (2022 – surplus - £368,956).

Donations from gifts, tithes and offerings (including the associated gift aid recovery) decreased during the year by £11,090 to £1,527,490 (2022 – £1,538,580) however donations have increased whilst grant income has fallen. Income from charitable activities decreased by £49,357 to £15,760 (2022 - £65,117), due to a large one-off gift received in 2022. The Charity’s trading subsidiary, His Church Limited, donated £400,511 (2022 - £172,383) through corporate gift aid.

Expenditure on charitable activities increased by £173,599 to £1,590,260 (2022 - £1,416,661).

The surplus for the year has been added to the fund balances brought forward resulting in total funds at the year-end of £2,030,648 (unrestricted funds - £2,018,148, restricted funds £12,500) (2022 - £1,678,103 {unrestricted funds £1,678,103, restricted funds £ (nil)}). This level of funds continues to provide the Charity with a firm reserves base to move forward to carry out its work as directed by God’s Will.

Free reserves which are unrestricted funds which can be freely spent on any of its charitable purposes (excluding fixed assets) were £1,368,947 at the year-end (2022 - £965,862).

PLANS FOR THE FUTURE

The Charity is committed by faith to continue the provision of food, clothes and supplies in meeting the needs of vulnerable people, including through our new initiatives and the 4-year programme under the large-Scale WRAP Grant. The partner programmes with donations from national and international food and clothing suppliers continues and remains a firm commitment in the fulfilment of the Charity's plans. We remain committed to the disposal of surplus assets no longer needed and to the acquisition of assets necessary. The Charity remains committed to environmental prudency within its "green policy".

There remains a very real humanitarian need as a result of the Cost-of-Living Crisis and the Energy Crisis, exacerbated by the unfortunate situation in Ukraine. This has had the significant and unfortunate impact upon the very people we serve. Our benefactors, partners, and supporters remain steadfast and active in their support:

a) It is evident that our Operation Manna initiative is continuing with requests for diverse aid.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

PLANS FOR THE FUTURE - Continued

STATEMENT OF PUBLIC BENEFIT

The Charity Trustees confirm that the activities of the Charity are set out in the context of its aims and objectives and the Trustees have shown in practice how the activities have been carried out for the public benefit. Specifically, the activities undertaken directly meet the needs of the communities, both in the United Kingdom and abroad in terms of the supply of food, clothing, assisted living and support.

The Trustees confirm that they have had regard to the guidance on public benefit issued by the Charity Commissioners in accordance with the Trustees’ statutory duty contained in section 17 (5) of the 2011 Charities Act.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

RESERVES POLICY

As a Christian Church, the exercising of Faith in the area of provision is an inherent part of our belief. The necessity to uphold this belief has an impact on our reserves policy. As the primary expression of the Christian Faith is inseparably bound up in giving sacrificially, we do not believe in retaining excessive funds as a safeguard to unrealised adverse financial circumstances. Also, as a body the people belonging to the Church understand the process of faith and faithfulness in giving. It is not the Trustees' intention therefore that the Charity builds up to excessive reserves. However, the Trustees continue to act prudently in the financial management of the Charity. The Charity currently holds £1,368,947 in unrestricted funds, the equivalent of 7-8 months expenditure in free reserves. The Charity holds £649,201 in unrestricted designated funds, in relation to the fixed assets held by the Charity.

INVESTMENT POLICY

The Trustees have considered the most appropriate policy for investing funds and consider that holding funds in a bank deposit account gives some return on capital whilst ensuring funds are available should they be required.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Name: His Church
Charity Number: 1097667
Status: The Charity is an unincorporated association, its governing document being its Trust
Deed.
Trustees: The Trustees who served during the year were: -
Colin Matthews
Natalie Pickering
Keith Wyld
Key Management
Personnel: Pastor - Trevor Cockings MBE
Operations Manager - Richard Humphrey
General Manager - Alan Waller
Correspondence
Address: - Hangar 3
Brookenby Park
Binbrook
Market Rasen
Lincolnshire
LN8 6HF
Bankers: - National Westminster Bank Plc.
501 Silbury Boulevard
Saxon Gate East
Milton Keynes
MK9 3ER
Lloyds Bank Plc
2 George Row
Northampton
NN11 1DJ
Auditor: - HPH
Statutory Auditor and Chartered Accountants
54 Bootham
YORK
YO30 7XZ

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity's governing document is the Trust Deed dated the 27th day of January 2003, a copy of which is before the Charity Commissioners. There have been variations to the Trust Deed being i) a Deed of Retirement and Appointment of Trustees dated 28th June 2009, and ii) a supplemental Trust Deed dated 23 August 2015.

Appointment of Trustees

The appointment, eligibility, determination and vacancies of and for the Trusteeship are clearly set out in the Trust Deed, and are summarised below: -

Trustee Induction and Training

New Trustees will have met with the Chairperson and the existing Trustees prior to recommendation for appointment, during which time they will have had the vision and strategy of the Charity explained to them. New Trustees are provided with a copy of the Charity Commission publication 'The Essential Trustee (CC3)'.

Organisation

The power, chair of Trustees, meetings and voting are clearly set out in the Trust Deed.

In addition, Church Elders (including Key Management Personnel) and staff are invited, where appropriate, to attend meetings of the Charity and are encouraged to comment openly on policies and procedures and matters generally to be considered. All decisions are taken by the Charity Trustees in relation to Charity business and activities. Where expenditure is to be incurred on behalf of the Charity by a member of staff or a volunteer member of His Church a request is made for such expenditure to be approved and confirmed by a Charity Trustee and a Church Elder and signed off accordingly to be in the best interest of the Charity.

The charity has a wholly owned subsidiary, His Church Limited, which donates all taxable profits to the charity.

Remuneration of Key Personnel

The level of pay for employees is set by the Trustees and reviewed by the Board annually.

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT – continued.

Risk Management

The Trustees have assessed the major risks to which the Charity is exposed. Key risks identified are those related to food safety, reputational damage, and operational finances of the Charity. The Trustees are satisfied that systems are in place to mitigate exposure to major risks: -

Related parties

None of the Trustees receive remuneration or other benefit from their Trustee work with the Charity. Any connection between a Trustee or senior employee with a contracted organisation must be disclosed to the full Board of Trustees in the same way as any other contractual relationship with a related party. Details of transactions with related parties are contained within the notes to the accounts.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, our responsibility as Trustees requires us to follow best practice and:

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HIS CHURCH TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity at any time and which enable them as Trustees to ensure that the financial statements comply with the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the Charity and for their proper application, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 4 October 2024 and signed on their behalf by:

……………………………………….

Colin Matthews – Trustee

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HIS CHURCH

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF HIS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of His Church for the year ended 31 December 2023 which comprise consolidated Statement of Financial Activities, consolidated and Charity Balance Sheets, consolidated and Charity Statement of Cash Flows, and notes to the consolidated financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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HIS CHURCH

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF HIS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2023

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 14 to 15, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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HIS CHURCH

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF HIS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2023

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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HIS CHURCH

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF HIS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2023

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

HPH, Chartered Accountants

Statutory Auditor 54 Bootham YORK YO30 7XZ

4 October 2024

HPH Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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Approved by the Trustees on 4 October 2024 and signed on their behalf by:

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The notes on pages 23 to 36 form part of these financial statements.

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The notes on pages 23 to 36 form part of these financial statements.

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a) Legal Entity

His Church is regulated by the Charity Commission for England and Wales, registered number 1097667. The principal office is Hanger 3, Brookenby Park, Binbrook, Market Rasen, Lincolnshire, LN8 6HF.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

His Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

These financial statements consolidate the results of the charity and its wholly owned subsidiary, His Church Limited, on a line by line basis. A separate Statement of Financial Activities for the parent charity itself is not presented because the charity has taken advantage of the exemptions available. The parent charity's surplus for the year was £215,412 (2022 - £363,463).

c) Preparation of the accounts on a going concern basis

The trustees have a reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future. The trustees continue to believe the going concern basis of accounting is appropriate in preparing the financial statements.

d) Income recognition

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

e) Donated goods, services and facilities

Donated goods, services and facilities, are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not financially recognised, reference to the Trustees’ Annual Report provides more information about their contribution.

23

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

1. ACCOUNTING POLICIES (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Costs of charitable activities include those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Costs relating to a particular activity are allocated directly to that activity.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated to expenditure on charitable activities.

g) Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are funds set aside by trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds are funds which are used in accordance with specific restrictions imposed by donors.

h) Tangible fixed assets and depreciation

Individual tangible fixed assets costing £1,000 or more are capitalised and included in the financial statements at their historical cost (in the case of donated assets, at their fair value at the date of acquisition).

Depreciation of tangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles and associated equipment 25% straight line General equipment 20% on reducing balance Audio and video equipment 20% on reducing balance Semi-permanent structures 25% straight line Plant and equipment 25% straight line

i) Intangible fixed assets and amortisation

Intangible fixed assets are included in the financial statements at their historical cost.

Depreciation of intangible fixed assets is provided at the following annual rates in order to write off each asset over its estimated useful life:

Trademark 10% straight line

j) Pension scheme

The charity contributes to a workplace pension scheme with The People's Pension fulfilling its auto enrolment pension obligations. Contributions are charged to the Statement of Financial Activities as incurred.

24

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

1. ACCOUNTING POLICIES (continued)

k) Operating leases

Rentals payable under operating leases are charged on a straight line basis over the lease term.

l) Stocks

The stock of containers is stated at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase and other costs incurred in bringing stock to its present location. At each reporting date, the stock of containers is assessed for impairment. If the stock of containers is impaired, the carrying amount is reduced and the impairment loss is recognised immediately in the statement of financial activities.

Good donated are not for resale and are deemed to have no resale value. It is impractical to measure realiably the fair value of donated items.

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

25

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

2. NET INCOME FOR THE YEAR

----- Start of picture text -----
2023 2022
Net income/(expenditure) for the year is stated after charging: £ £
Depreciation, plus amortisation, less profit on disposals 264,470 208,656
Audit fees 3,600 3,430
Accountancy fees 8,497 7,882
Other fees paid to auditor 1,461 1,361
----- End of picture text -----

3. DONATIONS, LEGACIES AND GRANTS

Tithes and offerings
Gifts and legacies
Gift aid tax recovery
Grants		 Unrestricted
Funds
£
75,887
1,422,837
16,266
-
£ 1,514,990		 Designated
Funds
£
-
-
-
-
£ -		 Restricted
Funds
£
-
-
-
12,500
£ 12,500		 2023
2022
£
£
75,887
69,212
1,422,837
1,259,903
16,266
15,695
12,500
193,770
£ 1,527,490
£ 1,538,580
Total Funds

Donations in kind. The Charity receives donated goods from various donors, which have zero commercial value. The goods are not permitted to be resold and therefore they have no value on the open market. These donations in kind are then distributed via the Charity's outreach programmes.

It is impractical to measure the fair value of the goods donated as they are not for resale and the cost of valuation would outweigh the benefits to the users of the accounts.

4. INCOME FROM CHARITABLE ACTIVITIES

Operation Manna - 2022
Sainsburys Gift
Recycling revenue
Other income		 Unrestricted
Funds
£
-
-
1,062
14,698
£ 15,760		 Designated
Funds
£
-
-
-
-
£ -		 Restricted
Funds
£
-
-
-
-
£ -		 2023
2022
£
£
-
13,124
-
50,000
1,062
1,148
14,698
845
£ 15,760
£ 65,117
Total Funds

26

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

5. INCOME FROM COMMERCIAL TRADING OPERATIONS AND INVESTMENT IN TRADING

The charity owns the whole of the issued share capital of His Church Limited, which is incorporated in the United Kingdom (company number 07260167) and pays its taxable profit to the charity by corporate gift aid. A summary of the trading results which have been consolidated on a line by line basis is shown below.

Summary profit and loss account
Turnover
Cost of sales
Administration expenses
Investment income
Profit for the financial period
Corporate gift aid distribution to parent charity
Corporation Tax
Retained profit brought forward
Retained profit carried forward
The assets and liabilities of the subsidiary were:
Fixed Assets
Current assets
Current liabilities
Aggregate share capital and reserves		 31 December
2023
£
573,720
(92,612)
(80,943)
1,830
401,995
(400,511)
(1,484)
5,493
£ 5,493
45,607
443,375
(483,488)
£ 5,494
£ 5,494		 31 December
2022
£
430,499
(115,074)
(137,574)
25
177,876
(172,383)
-
-
£ 5,493
51,717
219,183
(265,406)
£ 5,494
£ 5,494

After adjusting for intercompany transactions upon consolidation, the income from trading activities was £519,917 (2022 - £398,312) and expenditure was £155,607 (2022 - £226,293).

27

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

6. INVESTMENT INCOME
Bank interest receivable
Loan interest receivable
7. CHARITABLE ACTIVITIES
Costs directly allocated to activities:
Outreach and mission costs
Motor vehicle and travel expenses
Warehouse and storage
Repairs and renewals
Waste and recycling costs
Legal and professional fees
Property - rent, rates, maintenance,
insurance and electricity
Bank charges
Depreciation of tangible fixed assets
(Profit) on disposal of assets
Training costs
Telephone
Outreach
Sundry expenses
Audio, video and design
Audit fees
Accountancy fees
Other accountancy fees
Courier
charges,
postage,
printing
and
stationery
Wages, social security and benefits in kind
Workshop
tools
and
equipment
maintenance		 Unrestricted
Funds
£
4,216
31,029
£ 35,245
Unrestricted
Funds
£
430,606
72,929
341,557
13,974
44,266
9,695
821
5,350
332,196
7,877
11,371
261,472
(3,910)
3,487
6,058
17,686
5,294
18,712
3,600
5,758
1,461
£ 1,590,260		 Restricted
Funds
£
-
-
£ -
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
£ -		 2023
2022
£
£
4,216
308
31,029
9,593
£ 35,245
£ 9,901
2023
2022
£
£
430,606
403,713
72,929
87,274
341,557
352,135
13,974
2,710
44,266
10,389
9,695
8,878
821
86
5,350
27,814
332,196
258,837
7,877
6,373
11,371
10,532
261,472
215,082
(3,910)
(9,250)
3,487
7,375
6,058
8,222
17,686
5,108
5,294
2,789
18,712
8,448
3,600
2,890
5,758
5,895
1,461
1,361
£ 1,590,260
£ 1,416,661
Total Funds
Total Funds

28

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

8. TAXATION

As a registered charity, His Church is exempt from tax on its income and gains falling within sections 521 to 536 of the Income Tax Act 2007 and section 256 of the Taxation of Chargeable Gains Act 1992 respectively. No tax charges have arisen in the charity.

9. STAFF COSTS AND NUMBERS

Staff costs were as follows:
Salaries and wages
Social security costs
Pension costs
Less: recharged to His Church Limited		 2023
£
436,687
31,087
7,292
475,066
(44,461)
£ 430,605		 2022
£
421,783
31,318
3,753
456,854
(53,141)
£ 403,713

No individual employed by the charity received emoluments of more than £60,000.

The average monthly number of full-time equivalent employees during the year was as follows:

Charitable activities
Administration and support		 19
1
20		 18
1
19

The key management personnel of the charity comprise the Trustees, the Pastor, General Manager, and the Operations Director. The total employee benefits of the key management personnel were £154,973 (2022 - £138,394). See note 10 for further details.

His Church is reliant on volunteers to help with the packing and distribution of food and clothes, and the charity's outreach programmes. It is not possible to accurately derive the value of this contribution to the charity.

29

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

10. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS

No trustee received any remuneration during the year for acting in their capacity as trustee.

One trustee (Natalie Pickering) was paid a salary totalling £20,434 (2022 - £18,064) under a contract of employment in connection with their work as Special Projects Co-ordinator.

None of the trustees or other related parties were reimbursed any expenses in the year (2022 - £Nil), in their capacity as a trustee. During the year indemnity insurance was taken out to indemnify the Trustees against damages and legal expenses for mistakes made in the actual running or governance of the organisation at an annual premium of £416 (2022 - £435).

During the year a total of £17,845 (2022 - £21,697) was donated to the charity by the Trustees and those closely related to them.

His Church is the ultimate controlling party of the trading subsidiary His Church Limited. His Church Limited distributed £400,511 (2022 - £205,813) in the year under a corporate gift aid arrangement.

At the accounting year end there is an inter-organisation balance in the charity's debtors relating to His Church Limited amounting to £446,426 (2022 - £262,073). Loan interest of 5% is charged to the subsidiary company on the amount outstanding on the routine inter-organisation loan account at the previous year end. The amount charged this year was £11,432 (2022 - £18,355).

There were no other related party transactions.

11. INTANGIBLE FIXED ASSETS

Consolidated and Charity

Cost:
At 1 January 2023
Additions
At 31 December 2023
Depreciation:
At 1 January 2023
Charge for the year
At 31 December 2023
Net book values:
At 31 December 2023
At 31 December 2022		 Trademark
450
-
450
45
45
90
360
405		 Total
450
-
450
45
45
90
360
405

30

Motor vehicles
Audio
Semi-		 and associated
General
and video
Heritage
permanent
Plant and		 equipment
equipment
equipment
assets
structures
equipment
Total		 £
£
£
£
£
£
£		 Cost: At 1 January 2023
964,763
388,205
37,247
22,000
101,167
145,408
1,658,790		 Additions
89,723
133,402
6,668
-
800
-
230,593		 Disposals
(35,886)
(24,619)
(7,329)
-
-
-
(67,834)		 Reclassifications
(779)
779
-
-
-
-
-		 At 31 December 2023
1,017,821
497,767
36,586
22,000
101,967
145,408
1,821,549		 Depreciation: At 1 January 2023
642,052
230,009
27,699
-
21,675
25,519
946,954		 Charge for the year
167,299
37,631
2,875
-
24,178
36,352
268,335		 Eliminated on disposals
(33,636)
(3,000)
(5,945)
-
-
-
(42,581)		 Reclassifications
(5,670)
5,670
-
-
-
-
-		 At 31 December 2023
770,045
270,310
24,629
-
45,853
61,871
1,172,708		 Net book values: At 31 December 2023
£ 247,776
£ 227,457
£ 11,957
£ 22,000
£ 56,114
£ 83,537
£ 648,841		 At 31 December 2022
£ 322,711
£ 158,196
£ 9,548
£ 22,000
£ 79,492
£ 119,889
£ 711,836		 All fixed assets are held for direct charitable purposes in Designated Funds. VESTMENTS The charity's investment is in its wholly owned trading subsidiary His Church Limited, whose share capital was acquired for £1 on 20 May

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

14. STOCK Consolidated
Charity
2023
2022
2023
2022
£
£
£
£
Stock of containers 6,370
6,370
-
-
£ 6,370
£ 6,370
£ -
£ -
15. DEBTORS
Trade debtors
Prepayments and accrued income
Gift Aid debtor
Other debtors
Amounts due from subsidiary
undertaking		 2023
2022
2023
2022
£
£
£
£
56,389
68,877
537
80
40,099
12,218
40,099
12,218
-
-
446,426
228,643
1,563
2,449
1,563
2,449
518,907
409,350
518,907
409,350
Consolidated
Charity
£ 616,958
£ 492,894
£ 1,007,532
£ 652,740
**16. ** CREDITORS amounts falling due within
Trade creditors
Other taxes and social security costs
Other creditors
Accruals and deferred income
Debtors due after more than 1 year total		 one year
2023
2022
2023
2022
£
£
£
£
55,384
76,173
54,394
68,503
33,742
26,975
-
-
1,995
4,521
1,995
4,521
11,112
9,999
8,783
7,881
£243,590 (2022 - £165,760) included within Loans.
Consolidated
Charity
£ 102,233
£ 117,668
£ 65,172
£ 80,905

16. CREDITORS amounts falling due within one year

32

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

17. CHARITY FUNDS

Consolidated
Restricted funds
Comic Relief Grant
Restricted funds:
Large Scale Food Grant
Operation Manna 2022
Unrestricted designated
funds
Unrestricted undesignated
funds
Unrestricted undesignated
funds
Unrestricted designated
funds		 Balance b/f
At 01/01/23
£
922,846
755,257
-
£ 1,678,103
Balance b/f
At 01/01/22
£
587,916
721,231
-
-
£ 1,309,147		 Income
received
£
2,085,912
-
12,500
£ 2,098,412
Income
received
£
1,805,016
-
193,770
13,124
£ 2,011,910		 Expenditure
£
1,745,867
-
-
£ 1,745,867
Expenditure
£
1,629,830
-
-
13,124
£ 1,642,954		 Transfers
in/out
£
-
-
-
£ -
Transfers
in/out
£
159,744
34,026
(193,770)
-
£ -		 Balance c/f
At 31/12/23
£
1,262,891
755,257
12,500
£ 2,030,648
Balance c/f
At 31/12/22
£
922,846
755,257
-
-
£ 1,678,103

Restricted Funds

Comic Relief Grant - to facilitate the purchase of a refrigerated van so that food can be distributed/collected at multiple temperatures. This will allow deliveries of chilled/frozen food to locations we have so far been unable to reach.

Large Scale Food Grant - supplied through WRAP (Waste Resource Action Plan) for capital funding. The Grant was principally related to the completion of our commercial and chilled/frozen vehicle fleet, the installation of a new walk-in cold store/freezer, a blast freezer and supporting items such as a forklift, labelling and weighing machinery.

Operation Manna 2022 - was set up to bring relief in the form of food, clothing, essential items which will include bedding and medical supplies, to innocent victims of war whose lives are being seriously affected by the crisis in Ukraine.

Unrestricted Designated Funds

The unrestricted designated funds balance represents the net book value of the fixed assets, all held for direct charitable purposes.

33

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

18. ANALYSIS OF FUNDS

Consolidated
Current Year
Unrestricted undesignated funds
Unrestricted designated fund
Restricted funds
Prior Year
Unrestricted undesignated funds
Unrestricted designated fund
Restricted funds
Charity only
Current Year
Unrestricted undesignated funds
Unrestricted designated fund
Restricted funds
Prior Year
Unrestricted undesignated funds
Unrestricted designated fund
Restricted funds		 Tangible
fixed
assets
£
-
649,201
-
£ 649,201
-
712,241
-
£ 712,241
-
603,593
-
£ 603,593
-
660,525
-
£ 660,525		 Net current
assets /
liabilities
£
1,368,947
-
12,500
£ 1,381,447
965,862
-
-
£ 965,862
1,409,059
-
12,500
£ 1,421,559
1,012,085
-
-
£ 1,012,085		 Non current
assets /
liabilities
£
-
-
-
£ -
-
-
-
£ -
-
-
-
£ -
-
-
-
£ -		 31/12/2023
Total
£
1,368,947
649,201
12,500
£ 2,030,648
965,862
712,241
-
£ 1,678,103
1,409,059
603,593
12,500
£ 2,025,152
1,012,085
660,525
-
£ 1,672,610

34

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

19.CONTINGENT LIABILITIES

There are no contingent liabilities of a material amount for which provision has not been made in the accounts.

20.CAPITAL COMMITMENTS

There were no capital commitments at 31 December 2023 (2022 - £Nil).

21. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net cash flow from operating activities
Net movement in funds
Deduct investment income
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
Add back depreciation charge, impairment
of stock and profit/loss on disposals		 2023
2022
£
£
352,545
368,956
287,473
242,086
(35,245)
(9,901)
(124,064)
(215,573)
(15,435)
(50,705)
£ 465,274
£ 334,863
Consolidated		 2023
2022
£
£
352,545
363,463
280,563
205,832
(33,415)
(9,876)
(354,792)
(65,980)
(15,733)
(36,732)
£ 229,168
£ 456,707
Charity only

22.OPERATING LEASE COMMITMENTS

The total of future minimum annual lease payments under non-cancellable operating leases for each of the following periods is:

Not later than one year
Later than one year and not later than five
years		 2023
2022
71,500
£
60,000
£
214,500
£
-
£
Land and buildings		 2023
2022
-
£
-
£
-
£
-
£
Other

The Charity occupied property under a lease with a term of four years from 17 February 2023 to 16 Feburary 2027.

35

HIS CHURCH NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - continued

23. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
General
Funds
Income
£
Donations, legacies and grants
1,344,810
Income from charitable activities
51,993
Income from other trading activities
398,312
Investment income
9,901
Total income
1,805,016
Expenditure
Commercial trading operations
226,293
Charitable activities
1,403,537
Total expenditure
1,629,830
Net income/(expenditure)
175,186
Transfer between funds
193,770
Net movement in funds
368,956
1,309,147
31 December 2022
£ 1,678,103
Total funds carried forward at
Total funds brought forward at
1 January 2022		 Restricted
Funds
£
193,770
13,124
-
-
206,894
-
13,124
13,124
193,770
(193,770)
-
-
£ -		 2022
£
1,538,580
65,117
398,312
9,901
2,011,910
226,293
1,416,661
1,642,954
368,956
-
368,956
1,309,147
£ 1,678,103
Total Funds

36