OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-02-28-accounts

Avery Hill Charitable Trust

Report and Accounts Year ended 28th February 2023

AVERY HILL CHARITABLE TRUST

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2023

Working Names

Avery Hill Christian Fellowship Bexley Foodbank

Trustees

Ms L Adewole Mr P Piper Mrs W Taylor Mrs A Walton

Company Secretary

Mr P Piper

Key Staff

Mr J Coates Mrs G Bates

Governing Document

Memorandum and Articles of Association dated 10th February 2004

Company Registration Number

5039769

Charity Registration Number

1103393

Principal Address

Southspring Sidcup Kent DA15 8EA

Registered Office

As above

Independent Examiner

Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

Santander 21 Prescot Street London E1 8TN

Barclay Bank plc 167 High Street Orpington Kent BR1 1NL

Contents Page
Company Information 1
Trustees' Annual Report 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cashflow Statement 11
Notes to the Accounts 12-19
Detailed Statement of Financial Activities with Comparatives 20

Page 1

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

a) To promote and advance the Christian faith throughout the world generally including the worship of God, the instruction and edification of Christians; and the care and Christian instruction of young people

and children and the evangelisation of non-Christians.

b) To relieve poverty, hardship, sickness and distress among all peoples of the world

c) To promote education and training

d) To support such other charities and charitable purposes as the trustees shall decide.

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Avery Hill Christian Fellowship; its trustees, leadership team and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Greenwich and Bexley come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

The church is based at Southspring, on the Avery Hill estate in Southeast London.

Meetings include a Sunday morning worship service, Sunday school and youth in the shed. Other meetings held at the church include after school clubs, ladies group and a parent and toddler group - Springlets. The N40's group consisting of retirees and those not working during the week enjoy a programme of visits and activities in the area. While the Wednesday evening midweek prayer and bible study remained on Zoom for the majority of the year, the morning meeting covering the same topics continued to meet in the church. Since the beginning of 2023 a number of the Wednesday evening meetings have been held at the church.

During the year the main church hall was substatially refurbished with modern lighting, carpeting, and blinds installed and repainted with a modern colour scheme. New chairs were also purchased. The disabled toilet was upgraded with the aid of a grant from Greenwich Council with modern fixtures and fittings and redecorated. These refurbishments together with the previous upgrades to the toilets, entrance hallway and community room result in the church being more welcoming and fit for purpose for all users of the building from church members to foodbank volunteers and clients.

Page 2

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

Over the course of the year there were teaching prgrammes and opportunites for the church to worship together and learn more about Jesus. Fellowshipping together was encouraged for people to rebuild relationships with each other following the various coronavirus restrictions being lifted. In addition, a number of family services were held with the aim of making the Gospel available to those in the community. As a result two baptismal servces for new Christians were held during the year. A new midweek group commenced at the end of the year for those people who wish to explore the basic of Christian Faith. with members of the local community attending.

Following the change in role of the children, youth and family worker as reported last year a part time youth and community worker, Catherine Bell was recruited during the year and she commence work in August 2022. Cat has taken on the responsibilty for Youth on a Sunday morning and at the beginning of 2023 commenced a youth drop in on a Thursday evening.

The Bexley Foodbank, part of the Trussell Trust network, continued to operate from four distribution centres at the church premises, New Community Church in Sidcup, Queen Street Baptist church in Erith and Trinity Baptist Church in Bexleyheath. During the year, following a request from Bexley Council the storage facility at Homeleigh in Erith was relocated to the council's former data centre in Bexleyheath. The premises are being rented from the council for a peppercorn. The charity is grateful to Bexley Council for their continued support.

As inflation in the UK increased so have the use of foodbanks. As a result demand from clients rose 60% from the previous year. Some 13,900 clients were provided with groceries and other essential items totalling 126,300 kg. Donations of food and other groceries increased over the previous year by 7% to 112,600 kg. Despite this increase shortages of certain items required the purchase of 14.9kg of goods from supermarkets.

As part of the strategy to reduce the usage of foodbanks, the charity received a grant from the Trussell Trust in respect to the provision of advice to clients on benefits, debt, housing and other financial matters. This grant for financial inclusion is for a period of two years with an optional extension for one year. The advice is provided by an employee of Bexley Borough Citizens Advice who attends each of the distribution centres to meet with clients. The scheme has been in operation since November 2022 and in its first three months some 282 clients have met the advisor resulting in increased benefits and debt written off.

The church continued to support local charities whose operations meet the objects of the charity. Those supported comprised Christian Resources in Bexley Schools (CRIBS) and Lark in The Park. In addition, the church supported Reach London, an initiative to galvanise churches in London to mission through prayer, training and mutual support of church leaders.

Cross cultural mission is supported by the church through iNet, a charity that provides financial and spiritual guidance, training and information to missionaries based overseas and those working cross culturally in the UK. Direct financial support was provided to three families, two of which are working overseas in Bulgaria and the Lebanon and one in the UK. The church also supports the work of Open Doors mainly through prayer for those persecuted for their faith

Most the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 3

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

Volunteers

The church makes significant use of volunteers for its operation. This includes people leading meetings, preaching, teaching in the Sunday school together with people who lead and help with events during week such as Springlets, after school clubs and youth events. In adition many others help with the provision of refreshments after meetings which help to provide the friendly and welcoming nature of the church. Four out of six members of the leadership team are volunteers

With only one employed person the foodbank relies upon its volunteers for the collection, storing and distribution of food and other essential items. The volunteers seek to serve the clients of the foodbank in a welcoming and friendly manner. Over 100 people volunteer at the the various foodbank locations as well as those who help to transport food to and from the storage facity.

Structure, Governance and Management

Avery Hill Charitable Trust is a charitable company limited by guarantee, incorporated on 10th February 2004 and registered as a charity on 26th April 2004. Church activities are carried out under the name of Avery Hill Christian Fellowship while that of the foodbank under the name of Bexley Foodbank. The company was established under a Memorandum of Association, which set the objects and powers of the charitable company and is governed under its Articles of Association. Membership is open to those over 18 who subscribe to the Statement of Beliefs contained in the Memorandum and Articles of Association and are accepted by the Board of trustees. There are eight members (eight in 2022) of the Company, each of whom agrees to contribute £1 in the event of the charity winding up.

In accordance with the Articles of Association the minimum number of Trustees is three. Each year one third of the Trustees are to retire and be available for election at the AGM. No person may be appointed a Trustee unless over the age of eighteen years of age and subscribes to the Statement of Beliefs. It is expected that new Trustees will be appointed from within the church. Potential trustees are invited to attend a trustee meeting, meet with the chairman of trustees and the other trustees prior to being invited onto the board by a majority of trustees.

The board of trustees currently consist of four people who meet on a regular basis to administer and oversee the activities of the charity. They are responsible for all financial matters of the charity including setting budgets, approving expenditure above £500, reviewing policy and procedures and employmeny of staff. The pastor and foodbank manager join the meetings as required.

In addition to the trustees, a Leadership Team comprising six people (including one trustee) are responsible for the spiritual oversight and practical running of the church and Foodbank. Day to day activities are managed by paid staff, volunteers and members of the leadership team.

The salaries of key paid staff are set by the trustees with reference to salaries paid for similar roles in London and the Home Counties taking into account similar level of benefits.

Page 4

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

Financial review

During the year income increased by £270,034, to £643,581 and expenditure increased by £107,484, to £452,891. As a result the surplus for the year increased by £162,550, to £190,690 and the charity's net assets increased by the same amount, to £603,308. Net current assets increased by £158,330, to £561,830.

While donations from those attending the church remained similar to the previous there was a significant increase in donations to the foodbank. This included some £130,000 from Bexley Council as well as many smaller donations of cash as well as food and other essential goods. These donations were very welcome given the increasing demand for foodbank grants and the need to purchase food.

Due to the sigicant donations received during the year which far exceeded expenditure there was a significant increase in the Bexley Foodbank fund. With demand expected to continue to rise in the next few years the surplus will be utilised to meet the expected shortfall in donated goods over and above those granted to clients.

Investments

The charities investment policy is to hold surplus funds in current and deposit accounts at the bank as long term investments are not considered appropriate due to the exopected usage of surplus reserves.

With the recent increases in interest rates it is planned to investigate increased usage of deposit accounts.

Fundraising

All major fundraising has been undertaken by the treasurer and foodbank manager. A budget is set each year for raising funds for the foodbank as well as donations for church activities. Church donations were close to budget with that for the foodbank significantly above budget due to donations from Bexley Council, companies and charity donations as well as grant income for financial inclusion.

Pension liabilities

As the charity's pension arrangements for paid staff are all defined contributions there are no pension liabilities.

Funds in deficit

There are no funds in deficit

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £64,000 (which equates to about 3 months' of unrestricted expenditure plus 2.5 years rent) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £137,576 and the charity is complying with its reserves policy.

Going concern

There are no going concern issues.

Page 5

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

The trustees have identified a significant shortfall in donations either from church members or to the foodbank as the most significant risk. This is mitigated by the reserving policy. Loss of key staff or volunteers is also a significant risk which is mitgated by annual reviews of performabce and salaries and by succession planning. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects.

Plans for the future

The church plans to continue to seek ways to serve the local community and thus introduce them to the saving grace of Jesus Christ. Activities planned for the coming year include the following: Weekly worship services Family friendly services Midweek prayer and bible study meetings Seeker friendly discussion groups exploring the bible Chidren and youth meetings Parent and Toddler group N40's activities A community lunch to celebrate the Kings coronation

The foodbank plans to continue the provision of food and other essential supplies to those in need primarily in the London Boroughs of Bexley and Greenwich. In addition, the provision of advice to clients will continue in partnership with Bexley Borough Citizens Advice to reduce foodbank usage in the future. It is planned to employ a part time volunteer coordinator to better utilise the skills of volunteers.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 6

AVERY HILL CHARITABLE TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 28 FEBRUARY 2023

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Paul Piper

_______ Paul Piper

Date: 26th September 2023

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

AVERY HILL CHARITABLE TRUST ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2023 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages12 to 13.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Archie McDowell

Archie McDowall BA CA Member of the Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 28th September 2023

Page 8

AVERY HILL CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
113,633
307
-
113,940
106,252
106,252
7,688
161,502
169,190		 Restricted
Funds
£
528,782
58
801
529,641
346,639
346,639
183,002
251,116
434,118		 Total
Funds
2023
£
642,415
365
801
643,581
452,891
452,891
190,690
412,618
603,308		 Total
Funds
2022
£
372,995
552
-
373,547
345,407
345,407
28,140
384,478
412,618

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 10-19 form part of these accounts.

Page 9

AVERY HILL CHARITABLE TRUST

BALANCE SHEET

AS AT 28 FEBRUARY 2023

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Stock
9
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Total assets less current liabilities
Provisions for liabilities
13
Net assets / (liabilities) excluding
pension asset / (liability)
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
36,143
36,143
-
4,770
137,576
142,347
(1,300)
141,047
177,190
(8,000)
169,190
169,190
169,190
169,190
-
169,190		 Restricted
Funds
£
13,335
13,335
93,713
2,290
325,830
421,834
(1,050)
420,784
434,118
-
434,118
434,118
-
-
434,118
434,118		 Total
Funds
2023
£
49,478
49,478
93,713
7,060
463,407
564,180
(2,350)
561,830
611,308
(8,000)
603,308
603,308
169,190
169,190
434,118
603,308		 Total
Funds
2022
£
17,118
17,118
90,816
5,811
309,183
405,810
(2,310)
403,500
420,618
(8,000)
412,618
412,618
161,502
161,502
251,116
412,618

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Paul Piper

--------------------------------------Paul Piper Date: 26th September 2023

Company number: 5039769

Charity number: 1103393

The notes on page 10-19 form part of these accounts.

Page 10

AVERY HILL CHARITABLE TRUST

FOR THE YEAR ENDED 28 FEBRUARY 2023

CASH FLOW STATEMENT

Note
2023
£
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
a
195,733
Cash flows from investing activities:
Proceeds from the sale of property, plant and equipment
9,176
Purchase of property, plant and equipment
(50,685)
Proceeds from sale of investments
Purchase of investments
Net cash provided by/(used in) investing activities
(41,509)
154,224
b
309,183
-
b
463,407
Analysis of changes in net debt:
At start of
At end of
year
Cash-flows
year
£
£
£
Cash
309,183
154,224
463,407
Total net funds / (debt)
309,183
154,224
463,407
Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2023
£
190,690
Adjustments for:
Depreciation charges and provisions for impairment
9,950
Loss/(profit) on the sale of fixed assets
(801)
(Increase)/decrease in stocks
(2,897)
(Increase)/decrease in debtors
(1,249)
Increase/(decrease) in creditors
40
Net cash provided by (used in) operating activities
195,733
Note b: Analysis of cash and cash equivalents
2023
£
Cash at bank with immediate access
463,407
Notice deposits (with a term of three months or less)
-
Petty cash
-
Total cash and cash equivalents
463,407
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)
Cash and equivalents at the beginning of the year
Change in cash and equivalents due to exchange rate movements
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 2022
£
34,074
(5,933)
(5,933)
28,141
281,042
-
309,183
2022
£
28,140
9,900
-
(4,882)
(918)
1,834
34,074
2022
£
309,183
-
-
309,183

Page 11

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

As income exceeded £500,000 in the reported year, the charity's expenditure has been analysed by business activity in note 6. The previous year's expenditure has been recategorised into the same cost items. There was no impact on resrves.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities, particularly the Bexley Foodbank activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from grants and church retreats and other events.

Other income comprises gains arising from the disposal of tangible fixed assets.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Page 12

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £2,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements 5 years Equipment & vehicles 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

h) Pension scheme arrangements

i) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

k) Critical accounting estimates and areas of judgement ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

Page 13

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

3 Donations and legacies

ations and legacies
Donations of cash and similar
Donations in kind
Grants from London Borough of Bexley
Grants from Trussell Trust
Other grants receivable
Income tax recoverable		 2023
£
168,839
270,775
135,000
48,830
6,168
12,803
642,415		 2022
£
145,984
205,791
10,000
-
-
11,220
372,995

Donations in kind comprise items donated to the Bexley Foodbank for distribution to clients.

4 Income from charitable activities

Income from charitable activities
Church retreats and events
Community outreach programs
Use of Hall by Third Parties
Other income
Gains on disposal of:
tangible fixed assets		 2023
£
107
59
200
365
2023
£
801
801		 2022
£
498
54
-
552
2022
£
-
-

5 Other income

6 Charitable expenditure


People
Cost of Activities
Property
Equipment & Software
Grants made
Governance		 Church
activities
57,368
5,044
27,619
3,153
14,448
1,050
108,681		 Bexley
Foodbank
49,275
26,015
5,944
759
261,167
1,050
344,210		 Total
Charitable
Expenditure
2023
106,643
31,058
33,563
3,913
275,614
2,100
452,891
People
Cost of Activities
Property
Equipment & Software
Grants made
Governance		 Church
activities
58,194
3,128
32,800
551
12,500
870
108,043		 Bexley
Foodbank
28,995
5,202
14,452
401
187,384
930
237,364		 Total
Charitable
Expenditure
2022
87,189
8,330
47,252
952
199,884
1,800
345,407

The fee payable to the independent examiner for examining the accounts was £2,100 (2022: £1,800); in addition the charity paid £837 (2022: £804) to Stewardship for payroll bureau services.

Page 14

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

Grants payable

Grants payable
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for the relief of poverty
Grants for education, including ministry training
The charity's principal grants to institutions comprised:
Bexley Citizens Advice
iNet Trust
Christian Resources in Bexley Schools
Grants to institutions for less than £1,000 each		 Institutions
£
4,770
6,742
1,200
12,712
Institutions
£
3,150
-
1,550
4,700		 Individuals
£
8,478
254,424
-
262,902
Individuals
£
7,800
187,384
-
195,184
2023
£
6,742
2,720
1,200
2,050
12,712		 2023
£
13,248
261,167
1,200
275,614
2022
£
10,950
187,384
1,550
199,884
2022
£
-
2,400
1,200
1,100
4,700

The charity has taken advantage of an exemption conferred by the Charities SORP and has not disclosed the names of some grant receiving institutions as they operate in territories where Christians are persecuted; the disclosure of this information would be prejudicial.

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration

Gross wages and salaries
Social security
Pension costs
Other employment benefits		 2023
£
78,537
1,630
7,182
-
87,349		 2022
£
77,987
2,565
7,129
-
87,681

The average monthly number of employees during the year was 5.5 (2022: 5). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

During the year key management received employment benefits totalling £64,371 (2022: £62,886).

No trustees received employment benefits in either the current or preceding year.

Page 15

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

8 Tangible fixed assets

Cost
At 1 March 2022
Additions
Disposals
At 28 February 2023
Accumulated depreciation
At 1 March 2022
Charge for the year
Eliminated on disposal
At 28 February 2023
Net book value
At 28 February 2023
At 28 February 2022		 Leasehold
Improvements
£
61,779
30,368
-
92,147
54,233
6,726
-
60,960
31,187
7,546		 Fixtures,
fittings and
equipment
£
-
9,905
-
9,905
-
990
-
990
8,914
-		 Vehicles
£
11,965
10,413
(11,965)
10,413
2,393
2,233
(3,590)
1,037
9,376
9,572		 Total
2023
£
73,744
50,685
(11,965)
112,465
56,626
9,950
(3,590)
62,987
49,478
17,118

The above net book value for vehicles includes £0 (2022: £0) for assets held under finance leases.

9 Stock

Donated goods
Debtors
Falling due within one year:
Trade debtors
Tax recoverable
Prepayments and accrued income
Total debtors
Cash at Bank and in Hand
Cash at bank with immediate access
Creditors: liabilities falling due within one year
Trade creditors
Accruals
Stock comprises donated goods to the Bexley Foodbank held at the end of the year.		 2023
£
93,713
93,713
2023
£
-
3,498
3,562
7,060
2023
£
463,407
463,407
2023
£
2,100
250
2,350		 2022
£
90,816
90,816
2022
£
-
2,870
2,941
5,811
2022
£
309,183
309,183
2022
£
1,860
450
2,310

10 Debtors

11 Cash at Bank and in Hand

12 Creditors: liabilities falling due within one year

Page 16

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

13 Provisions

Provisions
Provisions brought forward
Movement in year:
New provisions
Provisions carried forward		 2023
£
8,000
-
8,000		 2022
£
5,000
3,000
8,000

Provisions are for the electricity provided to the church building at Southspring. Electricity is being provided but not charged by the supplier. Attempts to obtain a bill from the supplier have proved difficult and so the timing of any payment due is uncertain.

14 Pension commitments

During the year employer’s pension contributions totalling £5,670 (2022: £5,628) were payable to defined contribution personal pension schemes.

15 Funds

During the year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Bexley Foodbank
Humanitarian
Missionary
Parent & Toddler Group
Property
Youth
Aggregate of funds		 Opening
balance
2023
£
161,502
161,502
248,593
506
778
797
-
442
251,116
412,618		 Incoming
resources
2023
£
113,940
113,940
522,502
430
700
59
5,950
-
529,641
643,581		 Outgoing
resources
2023
£
(106,252)
(106,252)
(344,210)
(250)
(778)
-
(967)
(434)
(346,639)
(452,891)		 Closing
balance
2023
£
169,190
169,190
426,885
686
701
856
4,983
8
434,118
603,308

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Provisions for liabilities		 General
Restricted
funds
funds
£
£
36,143
13,335
-
93,713
4,770
2,290
137,577
325,830
(1,300)
(1,050)
(8,000)
-
169,190
434,118
Unrestricted Funds		 2023
£
49,478
93,713
7,060
463,407
(2,350)
(8,000)
603,308

Page 17

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Bexley Foodbank
Humanitarian
Missionary
Parent & Toddler Group
Youth
Aggregate of funds		 Opening
balance
2022
£
155,873
155,873
226,777
480
3
903
442
228,605
384,478		 Incoming
resources
2022
£
113,239
113,239
259,179
300
775
54
-
260,308
373,547		 Outgoing
resources
2022
£
(107,610)
(107,610)
(237,363)
(274)
-
(160)
-
(237,797)
(345,407)		 Closing
balance
2022
£
161,502
161,502
248,593
506
778
797
442
251,116
412,618

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Provisions for liabilities		 General
Restricted
funds
funds
£
£
7,546
9,572
-
90,816
4,491
1,320
158,845
150,338
(1,380)
(930)
(8,000)
-
161,502
251,116
Unrestricted Funds		 2022
£
17,118
90,816
5,811
309,183
(2,310)
(8,000)
412,618

Bexley Foodbank : A Trussell Trust foodbank which ibcludes donations received and grants made in kind of food and other items. Humanitarian: Donations received and grants made for the relief of poverty.

Missionaries: A fund for the support of three missionary families

Parent & Toddlers : A fund in relation to the Springlets group run by the church.

Property & Equipment: A fund to meet the costs of improving the church building and the purchase of equipment. Youth: A fund to provide equipment and to subsidise events for the youth meeting at the church.

16 Operating lease commitments

The charity has an operating lease for its church building. The minimum amount payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:

the potential effect of future rent reviews) in respect of this lease is as follows:
Within one year
Between one and five years
After five years
Payments falling due:		 2023
£
14,130
18,840
-
32,970		 2022
£
14,130
32,970
-
47,100

During the year the charity was charged £14,130 (2021: £14,130) for its operating lease.

Page 18

AVERY HILL CHARITABLE TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

17 Transactions with related parties During the year the charity:

During the year the charity also made payments to Andre Taylor who is closely related to Wendy Talor who is a trustee was paid £5,102 for building services. One of the trustees, Paul Piper is also a trustee of iNet Trust Limited a missions agency. During the year the charity made donations totalling £2,400 (2022: £2400).

18 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 19

AVERY HILL CHARITABLE TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 28 FEBRUARY 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 General
Restricted
2023
2023
£
£
113,633
528,782
307
58
-
801
113,940
529,641
106,252
346,639
106,252
346,639
7,688
183,002
161,502
251,116
169,190
434,118
Unrestricted funds		 Total
2023
£
642,415
365
801
643,581
452,891
452,891
190,690
412,618
603,308		 General
Restricted
2022
2022
£
£
112,741
260,254
498
54
-
-
113,239
260,308
107,610
237,797
107,610
237,797
5,629
22,511
155,873
228,605
161,502
251,116
Unrestricted funds		 Total
2022
£
372,995
552
-
373,547
345,407
345,407
28,140
384,478
412,618
General
2023
£
113,633
307
-
113,940
106,252
106,252
7,688
161,502
169,190		 General
2022
£
112,741
498
-
113,239
107,610
107,610
5,629
155,873
161,502

Page 20