Charity No. 1099227 Company No. 04815977 Harvest Fields Community Church HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) web: www.hfcLorg.uk email: office@hfcc.org.uk UNAUDITED FINANCIAL STATEMENTS YEAR ENDED 3 1st DECEMBER 2024 Independent Examiner. Peter Saltiel Church & Charity Accounts Service Ltd
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) CONTENTS Year Ended 31 st Decembèr 2024 Page Church Informatlon Report of the Trustees (Leadershlp Team) (Includlng Directors, Report) Independent Examlner's Report Statement of Flnanclal Actlvltles and Income and Expendltsjre Account Balance Sheet Notes to the FSnanclal Statements 9-14
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) CHURCH INFORMATION Charlty Nam HaThest Flelds Communlty Church Reglstered Charlty Number. 1099227 (England & Wale5) Company number. 04815977 (En8land & Wale5) Governlng Document Memordndum and Artlc1¢5 of Assoclation Incorporated 30th June 2003 Trustees {Leadtnhlp Team): Janet Gilmour Linda Port Edward Robinson Susan Roblnson Prlnclpal Offlce & Correspondence Addresv. Harvest Field5 Cen¢r¢ Harves¢ Field$ Way Sutton Coldfield West Mldlands B75 5TJ Bankers: Barclay5 Bank Lelcester LE87 2BB Cambrldge & Counrles Bank Urnlted Charnwood Court New Walk Lelce5ter LEI 6TE Indopendent Examlner. Peter Saltlel Church & Chariw Accounts Servlce Ltd 7 Planchadeau 23460 Salnt-Plerre-Bellevue Frdnce
HARVEST FIELDS COMMUNITY CHURCH (A company Ilmited by guarantee) REPORT OF THE TRUSTEES (INCLUDING DIRECTORS, REPORT) 2024 The trustees. who are the Leadership Team and director5 of the company for the purposes of company law, present their report and financial statements together with the independent examinerfs report for the period ended 31 December 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT As a church we started meeung together regularly ¢)n ndaY mornlngs from Easter 1999 buL a¢ that $ts8e. we did not hive a statutory constitution. The charity was established by memordndum and anicles of assocration under company number 4815977 on 30th June 2003 and VAS recognised as a tharity on 2nd Sepcunber 2003. The principal offlce Is Harvest Flelds cent Harvest Flelds Way, Sutton Coldfield. B75 STJ. Each member of the Leaderthip Team held office throuzhouc the year and to the date of thls reporL No member ol the Leadershlp Team has received any remuneratlon from the church. Detail$ of the related party transaction and associared party transac¢lons are set out in notes 16 and 17. The power of appointing new Leadership Team members is vested In the members ¢)n n¢)mlnatlon by the existlng Leadershlp Team. As part ol the inductlon process for new members of the Leadershlp Team Ir has been agreed that they should familiarlse themselve5 vAth the responsibiliry of chthty trus¢ee4 read the Char6ty Commlsslon booklet ¢)n the subjectand carefully read the Memornndum and Arricles olAssoclatlon, our policies and procedures and our latest fin¢1 sutements. Declslons rerdrdlng the vlslon, overall dlrecflon and splrltual Ilfe of the thurth are taken by the Léadershlp Team. The detailed dellvery of the Is deleDted to the ¥proprnte staff member. volunteer or member of the Leadership Team. The Leadershlp Team perlodicaily revlew risks and take steps to rnlnlmls• them where prncticable. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT The church's oblect Is to advance the ChrIsti faidL and as an expreSl)n of Christian wimess love and concern'.- ro relieve the age& the poor, the sick and tho$e in cono&tions of need trth$hlp and distress, to provide andlor support training* education and pastoral c, and to provide andlor support facilitles in the interests of SOCI welfare or recreauon vAth the object of improvlng the condlttons of life for the local community. The Leadershlp Team has taken account of the Chartty Commission's genernl guIdae relating to publlc benefit issues vthen reviwNing the church's objettives. ac¢lvltles and athievements (see below). The churth takes seriousty its responslblllcy to nUrnI protect arKI safward the welfare of children and teenagers entrusced to it and accordingly. we have a Child Protection Policy wh05e implementation Is formally reviewed by the Leadership Team.
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee> REPORT OF THE TRUSTEES, continued We are a small church based within a local community. The majority of our member5 Ilve on the Harvest Field5 devdopment and in the adlacent roads. Most of our meetings and events are held at the Harvest Fields Centre which is sltuated rlght at the centre of the estate. The vision has aNYays been that we would not be a'commuter church" but one where m05t attendees could wnlk to our meetlngs. H¥vest Fields Communlty Church Is an ewangellcal charismatlc church rhat subscribes to rnaln5rream Chrlstian bellefs. We believe that God ha5 called each individual member ¢0 be a positive and Godly inftuence on thelr famille$, friends, work colleague5 and nelghbours by reflectln8 the life and love of Jesus In every aspec¢ of thelr Ilves. Thls Involves sharlng our Ilves at a level much above the superf¢lal normal. Our hope is that rhose Ilving at Harvest Fields and in the surroundlng road5 would Come ro know God and HIS Ilfe changlng love. We therefore seek to love. seThe and meet the n¢¢ds of our communl¢y In a varlety of ways, some of which are detalled below. ACHIEVEMENTS AND PERFORMANCE Thls year the church has contlnued Irs work Inw our lo¢al community in Ydrlous ways: Our weekly parent and toddler group ("Harvest Tots") vns appreclated by the farnllles who attended throughout the year. The new purchase5 for the group have been a grea¢ addltlon. We rnn anoiher two blble 5rudy course$ C'Nourlsh") thi5 year. Both were well received and en¢ouraged rnember5 In thelr personal falrh. Our monthly chlldren'$ groups {"HF Kld$" and "HF Blg Kids,) provlded a fun after-s¢hool space for ¢hlldren from wirhin rhe ¢ornmunlry aged S- I l. Boch groups Increased In number5 Within the year. We have contlnued to enjoy a good relatlonshlp wSth the local prlmary School - leadlng school assemblles every half term and Yisltlng Individual classes when invited. We also welcomed rhe entlre school over to che Centre at Christmas for • puppet nativlty service. Over the summer. we parcnered wlth the Centre to offer ac¢lvltles for the famlly to enjoy during the holldays. 'Traln Tots" The All Age Marlo Kart Cup" HF Bakes" and the "Puzzle Popin" were all grntefully recelved by our communlry. We held five quiz nlghts durlnz the year. Including one speclal fundralser for a local family. Each evenlng was very well attended and enloyed by the communlty. We have contlnued to support Harvesr Flelds Centre in rheir comrnunicy efforr5 - with children's acclyities at their Chrlstmas fayre, the "Drakeford" concerr. and rhe ongoing "Elevense5" srotsp. We delivered Chrisrmas cards and chocolares to every home across the estate durlng December and our"Carols on Christmas Eve" event once again loved by our local Communlry. Finally. we have contlnued to meet each Sunday morning for worship at the Harvest Flelds Centre. Our 5ervice5 are modern, relevant and accessible for all ages and all walks of life. We ¢elebrd¢ed one believer'5 baptism chis year and continued to share communion monthly. Our monthly prdyer meeting ("Seek First") provided a great space for people to come and pray for the community and the life and work of the church.
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) REPORT OF THE TRUSTEES, contlnued Public Benefit The Leadership Team conslder that the church's achievements and perforniance contlnue to meet the public benefit te5L The presence of the church has created an atmosphere of peace and security for all local residents. The prdyers for the community have been of huge benefrt and the lack of Yandali5m bears testimony to thaL Those members of the public who opt into specific church activities obviously benefit more. FINANCIAL REVIEW The principal funding source for the church remalns from member5. The inc¢Jrne for the year wa5 £96,779 {2023.' £90.604). The expenditure for the year was £74,681 {2023.' £63.051). This left a surplus on the year of £21098 (2023: surplus of £27.553), which has been added fo the surplus brought forward and balance carried foTh•wd. A full breakdown of these figures can be seen in the Notes. Investment Policy The Leadership Team ha5 the power to invest in such sets as it sees fit and places funds with Barclay5 Bank plc and Cambrldge & Counties Bank Limited. Reserves The church relies on regular continuing income to meet its monthly commitments. It would be hoped that the undesignated reserves should always exceed three months undeslgnated expenses excludinggifts in kind and tithe allocation. We are pleased to report that at the end of 2024 we have achleved this with our undesignated reserves totalling £115,669 (see note 12). Given that we have been building up funds that will be needed In the future (when we expett our expenses to increase significantly). we kept our irbvesunent of £35,000 In a 95 day notice account and 50 this. plus interest eamed (of £7,704). is a designated fund. RESPONSIBILITIES OF THE LEADERSHIP TEAM Company law requires the Leadership Team to prepare financial stacements for each financial year which give a true and fair view of the stste of affairs of the chariry and of the surplus or defici¢ of the charfty for the year. In preparing those financial statements, the Leadership Team are requlred to:. Select suitable accountlng policies and then apply them consistentlyi Make judgements and estimates that are reasonable and prudent: Comply with applicable accounting standards subject to any materbal deparwres disclosed and explained in the financial statements., and Prepare the financial statements on the going concern basis unless 1¢ is inappropria* to presume that the thariw will continue operating.
HARVEST FIELDS COMMUNITY CHURCH (A company Ilmited by guarantee) REPORT OF THE TRUSTEES. contlnued The Leadership Tearn are responsible for malntaining proper accounting records which disclose. with reasonable ac¢urncy ac any rime. the financi position of the churth and to enable them to ensure that the flnancHI starements comply with the Cornpanie5 Att 2006. They are also responslble for safeguardlng the assets of the church and hence for taking reasonable steps for the prevenrion and detection of fraud and other irregularltle In preparing rhis repo the Leadersh$+ Team have taken adyantage of the Small companies exemptlons provided by section 415A of the Companie5 Acc 2006 and Section IA of the FRSI OZ AUDIT EXEMPTION The church Is exempt from the requirernenrs to have lu financHI STatwnen¢5 audiced. However. as Its Income is above £25.000. Peter Saklel of Church & Charity Accounts SeThlce Ltd vns appointed by the members as its Indyndent Examlner whose report Is on pw 6. Approved by the Trustees {Leadershlp Tethi) l Dlrectors on 16th Juty 2025 and sied by thelr order. Susan Roblnson Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESIDIRECTORSI MEMBERS OF HARVEST FIELDS COMMUNITY CHURCH ON THE ACCOUNTS FOR THE YEAR ENDED 31" DECEMBER 2024 an No: 4815 I report on the accounts of Harvest Flelds Community Church for the year ended 31st December 2024 which are set out on pages 7 to 14. Responslbllltles and basls of report As the chariws trustees of the Company Iwho are also the directors of the company for the purposes of company lawl, you are responslble forthe preparation of the accounts in accordance wlth the requlrements of the Companles Act 20061"the 2006 Act"). Havlng satisfied myself that the accounts of the Company are not requlred to be audlted for this year under Part 16 of the 2006 Act and are ellBlble for Independent examlnatlon, I report in respect of my examlnatlon of your charlvs accounts as carrled out under sectlon 145 of the Charltles Act 2011 {"the 2011 ACVI. In carryin8 Out myexamlnation, I have followed the Direttlons 8lven by the Charlty Commlsslon lundersectSon 14515llbl of the 2011 Act. Independ•Thl examlnee$ statement I have completed my examlnatlon. I confimi that no materlal matters have come to my attentlon whlch gives me cause to belleve that: accountlng records were not kept In accordance wlth sectlon 386 of the Companles Act 2006; or the accounts do not accord wlth such records,. or the account5 do not comply wlth relevant accounting requlrements under sectlon 396 of the Companies Act 2006 other than any requlrement that the accounts give a 'true and fairf view which Is not a matter consldered as part of an Independent examlnation,. or the accounts have not been prepared In accordance wlth the Charltles SORP {FRS1021. I have no concerns and have come acmss no other matter5 In connectlon wlth the examlnation to whlch attentlon should be drawn in thls report In order to enable a proper understandlng of the accounts to be reached. Peter Saltlel Church & Charlty Accounts Servlce Ltd 7 Planchadeau 23460 Salnt-Pierre-Bellevue France fvrmerly. 69 Portland Place Greenhlthe, Ken¢ DA9 9FE Dated 20, July 2025
HARVEST FIELDS COMMUNITY CHURCH (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT Year Ended 31 st December 2024 Notes Unrestrlcted & Totsl Funds 2024 Unrestricted & Toral Fund$ 2023 In¢om¢ from: Donatlons 63,880 62.598 Charltabie 4¢riviries 29,732 26,225 Other Invesrment Income 3,167 1,781 Total Income 96,779 90,604 ExPendIrn on: Charltable acdvltyes 74.681 63,051 Net Income and Net Movements In Funds 22.098 27.553 Total fvnds brought for*Ard 137,669 Total funds carrled fornvd 12 159,767 137,669 The Statement of Flnanclal Activities includes all pins and lo$ recognised in the year. All the incoming and expended resources were unrestricted fvnds and derived from contlnulng a¢VItIes. The notes on pages 9 to 14 fomi pfft of these financial xatemenrs.
HARVEST FIELDS COMMUNITY CHURCH (A company Ilmited by guarnntee) BALANCE SHEET At 315t December 2024 Notes 2024 2023 Non-current Assets Loan receIable (due after more than one year) 20,000 Current Assets Debtors and prepaymenu Cash at bank & In hand 2,785 141,092 3,990 136,632 143,877 140.662 Current Liabilltles Creditors and accruals (4.110) P,953) Net Assets 159.767 137.669 Represented br.- Designated tlthe fund Designated - Investment fund 1 & 12 1 & 12 1,394 42.704 2,035 40.860 Deslgnated fundi 44,098 42,895 Unde51gnated (general) lunds 1& 12 15,669 94.774 Total Charlty Funds 159.767 137,669 The trustees (who are also the directors of the compwy for the purposes of Company law> conflrm that for the year ended 31 st December 2024.. the company was entltled to exemptlon from audlt under sectlon 477 of the Companies Act 2006. member5 have not requlred the company to obtaln an audlt of Its accounts for the year in questlon in accordance with seccion 476 of the Act. The accounts have been examlned by an independent examlner who$e reporr appears on page 6. The trustees acknowledge thelr respon51bilities for complying with the requlrements of the Act with respecc to accounting records and the preparntion of accounts. The Note5 on pages 9 to 14 form an Integrdl part of thes¢ accounts. These xcounts, whl¢h have been prepared In accordance wlth the provlslons In the Companles Act 2006 relafing to small companies. were approved by the trustees on 16th July 2025 and signed on their behalf by.. Susan Roblnson Company No. 04815977
HARVEST FIELDS COMMUNITY CHURCH (A company Ilmlted by guarantee) Notss to the Financial Statements Year Ended 31 st December 2024 BASIS OF PREPARATION 1.1 Basls of accountlns These accounts have been prepared under the hIsr01 cost convwffion with irem5 recogni5ed at cost or transaction Value unless otherwlse srnted in the releyant nore(s) to these accounts. accordance wlth the Statement of Recommended Pracuce: Accounung and Reporting by Charlties preparing their accounts in accordance with the Companies Act 2006 and the Financial Reporting Stsndard appllcable In the UK and Republic of Ireld (FRS 102) issued on 16 July 2014 and with the Financial Reportlng Standard appllcable In the United Kingdom and Republic of Ireland (FRS 102). The accounts present a true and fir vlew and no changes In the b#sl$ of accoundng have been made during the year. There have also been no thanges ro the previous accounts during the finthI year. The church con$citu¢es a public benefit enuty as defined by FRS 102. 1.2 Goln8 Concern The Ludershlp Team are ofa vlew tha¢ there are 5uffident rnserrfe5 to Kyure the i¢dIate firtur¢ of the chur¢h Jnd on that basi5 the chari¢y Is a going concern. 1.3 Change of Accountlng Pollcy The accounts present a true and falr view and thern Imve been no ehanze5 have been mad• to the accounEin8 policies adopted In note I 1.4 Cash Flow Exemptlon A Statement of Cash Flows has n¢X been produced Since the thurch 1$ within the small Company and charlty threshold& ACCOUNTING POLICIES 2.1 Fund Accountlng Unresrricted fvnds are donadons and other income received or generated for the oblects of the charity without speclfic purpose and are a4allable as general fund5. In accordance with the policy agreed by the members twenty percent of all general income 15 designated co be given (called the nthe Fund). the fund balance is the amount designated not sriyen aaY by the year end. The Investment Fund is rnoney eamiarked for investrnenL There are no restrtcted funds. 2.2 Income Donations of equipmenr are recogni5ed at their e5txnated value at the time the donated ae¢S are received. In accordance with the FRS 101 the Tnlue of the church's rent free entitlement w use the Harvest Field5 Centre ha5 been estimated and is included as income receryed and as an expense used (see note 5}. No value ha5 been recognised in these Financlal Statements of the considerable wark underd(en by volunTrer5 - most of vthom are church members. Other donation5 are included on a cash received basis.
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) Notes to the Flnanclal Statements Year Ended 31 st December 2024 (cont'd) There would be no materlal dlfference If an accruals basi5 were adopted. Tax recoverable is included In the year to which the glft generadng the tax recovery relates (the accruals basis). The Sncome and result for the year are attrlbuted to the prlndpal activlty as set out in the report of the Leldershlp Team. The whole of the Income is derlved from the U 2.3 Expenditure Grants, whSch are all subject to regular review, are normalEy accounced for In the year when they are pald as they are generally paid out of income as 1¢ arises. Other expenditure Is Included on an accrua15 basi5 when Incurred. Costs relating w More than one category are apportioned based upon estlrnated usage. 2.4 Flxed Tanglble Assets - Programme Rélated Investment- Interniedlate Lease The long Intermedlate lease of the HaThest Flelds Centre Is a programme related Investment (an Investment primarily made for what it will achleve rdther than l¢s investment performance) and therefore, In accordance wlth the SORP, as the churth dld not pay anychlng for 1¢ no capl¢al value has been recognlsed. 2.5 Other Flxed Tan8lbl• Assets- Equlpment etc Donated Items and Items purchased out of restricted dona¢ion$ recelved for that purpose are fully expensed upon a¢qui51tlon, Other purchas¢5 01 Indfvldual iterns of equSpment over £2.000 wlll be capltallsed,, other Items are expens¢d when incurred In the SOFA. 2.6 Net ¢urr•nt Assèts Current assets are cash at bank wlth Immedlate access and debtors. There are no flxed assets. Current Ilabilitles are obligatlons ¢0 pay for seryices wlthln one year. 2.7 Depre¢latlon Equlpment costlng over £ I SOO Is capltalised and depreciation wlll be provld•d at rates calculated wrlte off the cost of each asset on a stralght line ba51s over three years 2.8 Judgem•nts and Estlmations The Leadership Team has not made any slgnlfflcant judgements In the proces$ of applylng the accountlng policies and there are no areas of estlmation uncertainty that have a $ignificant rlsk of causlng a materlal adjustment to the carrylng amounts of assets and liabllltles. 10
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) Notes to the Financial Statements Year Ended 31 st December 2024 (cont'd) ANALYSIS OF VOLUNTARY INCOME 2024 2023 Note5 Donations - in money including tax recoverthe Donatlon In klnd . rent free use of Harvest Fields Centre 29,775 34,105 28,493 34.105 %17 63.880 62.598 ANALYSIS OF INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Notss Charlrable rental Income from HFCentre Income Irom Children's actlvides & events 17 20.791 8.941 19.099 7.126 29.732 26.225 CHARITABLE ACTIVITIES Dlrectly Grant Support Notu uTrdertak¢n fundlnz costs 2024 Total 2023 Total Propery: Value of rent free use of HFCentre Serlice Charge Houstrkeepinz 2&17 17 34,105 11685 530 34,lOS 11685 530 34,105 11,715 789 47,320 47,320 46,609 Chltdren's work Ch¥itable grants Publiary & evangelism Equlpment purchased Resources & trdining Governance costs Other charitable costs 6.238 6.238 17.405 1.155 172 618 709 1.064 3.738 10,276 1,034 17,405 1.155 618 69 498 827 709 625 439 55.942 17,405 1.334 74.681 63,051
HARVEST FIELDS COMMUNITY CHURCH (A company limlted by guarantee) Notes to the Flnancial Statements Year Ended 31 st December 2024 (coned) STAFF COSTS As there were no employees. no ernkn was paid more £60.0 per annum. GRANTS There are three categories of granu given from unrestrfcted Income - first ou¢ of the twenty percent of general income deslgnaced to be given avrdy (the rithe fund). second ou¢ of the ten rcent of"Harves¢ Tots" Income (which is decided on by the team) and third, on some occaslons. at the dlscretion of the Leadership Team. from the geI funds in the maln accounL The total amount glven adY over the year Ll 7.405 v*hlch comprised of £10.754 from the tithe fund. £722 from the Harvest To¢$ Income. and four further one-off glfts totalllng £5.929. Of this total £ I 5.188 was gr¥en to elght or8anisadon¥ and £1217 was given to three individua15. Detalls of grants to organisations of over £ 1.000 in the year are avallable from the princlpal office. At 31 st December 2024 there were commirrnents for regular. mostly monthly. grants at the annual fdte of £7.8¢)O which, In accordance with our accountlng pollcy. have not been provided for (slnce they wlll be payable from the regular income received the followln8 year). GOVERNANCE COSTS Thls comprlses the Independenc E¥aminer's fee of £675 (2023: £485) and Companles Hou$e filing fee of £34 P023.. £13). DEBTORS (DUE WITHIN TWELVE MONTHS) 2024 2023 Tax Reclasm Servlce Charge refund Other debtors 2.255 3,562 285 143 530 2,785 12
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) Notes to the F•nancial Statements Year Ended 31 st December 2024 (coned) 10. NON-CURRENT ASSEfs (DUE AFTER TWELVE MONTHS) During the year. the church made a loan to Haryest Fields Centre totaS1ing £20,000. This was assist the Cen¢re with the purchase of "the Hut at Harve5c Fields" This was an interest-free loan and vns not repardble upon dffnand. It was expected to be repald as and vAien Harvest Fields Centre had adequate funds. At the year-end the full amount vras Still outstandin& After the year end and balance sheet daty the trustees and rnembers met and weed to convert this 2024 loan into a donation in 2025. This decision will be rdected in the 2025 financial statements. CREDITORS AND ACCRUALS 2024 2023 Credthrs (due to suppllers etc) Accruals (Service Charge due) Governan¢e 2.750 685 675 2,468 485 4.110 2,953 12. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Other Current Assets (l¢Js Llabllltles) Cath at banklhand Total Deslgnated - tlthe fund Deslgnated - Investmenr fund Unr¢stricred - (gen¢rnl) funds 1.394 41704 1,394 42.704 15.669 18.675 Total Unrestrlrted Funds 141.092 18,675 159,767 13. TAXATION The church Is a rstered charity and. as all Its Income will be applied for charitable purposes. no liability to tax arlses In respxt of the year. 14. SHARE CAPITAL The church is a cornpany limited by gwantee and hs no share capiral. Each member ofthe church has undertaken to contribute a sum. not exceeding £1. to the thurth's a55ets rf it 15 wound up whilsr that PEf50n is a mernber or wtthin one year after ceasing to be a manber. 13
HARVEST FIELDS COMMUNITY CHURCH (A company limited by guarantee) Notes to the Flnancial Statements Year Ended 31 st December 2024 (coned) 15. LEADERSHIP TEAM None of the Leadership Team has received any remunerntion from the church for servlces rendered. Defails of reiated parry transartions and associated party transactlons are set out in noces 16 and 17 below. Although the Leadership Team are relmbursed for purchases they have made for the church at cosL the thurch has not reimbursed any trdvellln8 or other expenses to any of the Leadershlp Team. 16. RELATED PARTY TRANSACTIONS There Vre no refated party Crans during th* year. 17. ASSOCIATED PARTY TRANSACTIONS The church Is the sole m•))ber of Harves¢ Relds Centre Limtred (HFCL) whith is itself a r¢gi$tered charlty and is assoctated by rea50n of the church's Leadership Team belng t4YO of Its dlre¢wrs. The church does not recerve dfvidends or any surplus HFCL achieves. However. the Church as owner of the Intermediate lease of the Harvesr Field5 Centr¢ in 2024 recelved renr of £20.791 (2023: £19,099) from HFCL Provided there are no br•xht5 In the lease temis. the thurch Is only Ilable to pay a peppercorn ground renL The church uses the Harvest Relds Centre operdted by HFCL on a rent free basis {estlma¢ed value £34.105> but contribu$ x cost to the utllltles and seThicin8 eXpendire - Its sh¥e in 2024 was £12.685 {2023: £11,71 S). Whlls¢ the church, through Its Leadershlp Team. is entided to appointlre-elect HFCL'S dlrectors in accordance wirh HFCL'S Arucles of Association. they do so from nomlnations by HFCL'S exiscing board. Desptte this connettlon. the church is not the parent charity {in Companies Act ternis "the parent undenaklng.) of HFCL Accordlngly. HFCL'S figures are not consolidated or otherwise Incorporated into the church's own Financial Ststements. HFCL'S Financial Sratements are aYailabl¢ from its regiseered office. whlth is the same as the church's. F5rdly. as described in the Trustees. Report and shown Sn note 10. the church loaned funds Chis year to Haptt Flelds Centre (ro assist in the purchase and fitting out of "The Hut ar Harvest Fields.). This was an interest-free loan, was not reparable upon demand and k is nored hern due to the two common truxee& 17. FINANCIAL COMMITMENTS At 31 December 2024 the church cornmitted to paylng no rent for its occupation of the Centre but Is committed to paying serrice charge based upon the costs incurred for its entr¢lement to use the Centre. This entitlemenr expires after more than a hundred years. For 2025 the sernice charge Is estimaced to cos¢ the thurch £14.000. 14