## Avery Hill Charitable Trust
Report and Accounts Year ended 29th February 2024
## **AVERY HILL CHARITABLE TRUST**
## **COMPANY INFORMATION**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **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**
## **Governing Document**
Mr J Coates Mrs G Bates Memorandum and Articles of Association dated 10th February 2004
**Company Registration Number**
5039769
**Charity Registration Number**
**Principal Address**
1103393 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 29 FEBRUARY 2024**
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. Midweek meetings include prayer and bible studies held twice on a Wednesday either in person or on Zoom. The new Tuesday group for those seeking to explore the Christian faith and would not normally attend a traditional church service on a Sunday has grown over the year from small beginnings. Other meetings held at the church include after school clubs, ladies and men's groups 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.
Over the course of the year the church experianced growth in attendance on a Sunday as well as at the Tuesday group. Two Baptisms were held over the course of the year in addition to the Christmas and Easter services. The Christmas service included participation from the children attending the after school clubs resulting in a full church. There were also teaching programmes and opportunites for the church to worship together and learn more about Jesus. In addition, a number of family services were held with the aim of making the Gospel available to those in the community. Community events included holding the Big Lunch and pancake evening.
Page 2
## **AVERY HILL CHARITABLE TRUST**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
The children's and youth work continues to grow from a small base, notwithstanding our youth and community worker going on maternity leave during the course of the year and our children's worker leaving the role. The programmes continue for both and children and youth being fulfilled by volunteers from the church. Some 5 youth attended a summer camp at North Cotes in Yorkshire led by the youth and community worker.
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. The charity is grateful to Bexley Council for their continued support in the provision of storage facilities and grants from the Household Support Fund.
For the first time since opening, donations of food and household items to the foodbank reduced from the previous year, down by 17% to 93,323 kg. While grants of food and household items was similar to the previous year, down 1% at 124,845 kg, grants of supermarket vouchers were also made equivilent to some 15,136 kg. Funding for the vouchers was provided by Bexley Council. Some 14,250 clients were provided with groceries, other household items or supermarket vouchers, an increase of 350 over the previous year. The shortfall of items donated to those granted together with shortages of certain items required the purchase of 25,213 kg of goods from supermarkets. Overall, the value of grants of food, household items and supermarket vouchers increased 23% to £312,097 while donated and purchased goods reduced 6% to £260,089.
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. During the year, over 450 clients have met the advisor resulting in increased benefits and debt written off totalling £110,000. This has also resulted in a number of clients not requiring grants from the foodbank in the future.
A volunteer development officer was recruited in May 2023 for the foodbank funded by a grant from the Trussell Trust. Since commencing the role, Kate Harris has been invaluble in providing support to Gill Bates the Foodbank manager and in seeking to utilise the full skills of our wonderful volunteers.
The church continued to support local charities whose operations meet the objects of the charity. Those supported comprised Christian Resources in Bexley Schools (CRIBS), Lark in The Park and the Bexley WInter Shelter. 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 and Good News for Everyone.
At the end of the year the church joined the Pioneer Network ("Pioneer"), a group of evangelical churches in the UK and overseas. The values of Pioneer (relational, missional, charismatic and kingdom orientated) closely match those of the church. The church has already benefitted from input from Pioneer in the form of training and mentoring of leaders in the church.
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
Page 3
## **AVERY HILL CHARITABLE TRUST**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
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.
## **Volunteers**
The church makes significant use of volunteers for its operation. This includes people leading meetings, preaching, teaching in the Sunday school and youth shed, 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 two employed people, 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 facility.
## **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 29 FEBRUARY 2024**
## **Financial review**
These accounts include some rounding errors but do not materially affect the accounts.
During the year income reduced by £63,331, to £580,250 and expenditure increased by £74,301 to £527,192. As a result the surplus for the year decreased by £137,633, to £53,057 and the charity's net assets increased by the same amount, to £656,366. Net current assets increased by £60,222, to £622,053.
The reduction in income was mainly attributable to the decrease in donations to the foodbank both gifts in kind (£49,670) and cash grants and donations (£8,443). Bexley Council continued to support the foodbank with donations totalling £100,000 during the year. Support was also received from Greenwich Council and many individuals, churches, companies and other charities. Donations from those attending the church remained similar to the previous year.
Despite the lower donations to the foodbank and the need to purchase food and other items the Bexley Foodbank fund increased by some £49,391. Church funds, including unrestricted reserves increased by £3,667. With demand expected to continue to rise in the next few years the foodbank 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 expected 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 the foodbank volunteer development officer.
## **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 £65,250 (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 in excess of £135,000 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 29 FEBRUARY 2024**
## **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 mitigated by annual reviews of performannce 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 Ladies and Men's meetings Parent and Toddler group N40's activities Growing the relationship with Pioneer
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.
## **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).
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
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
Page 6
## **AVERY HILL CHARITABLE TRUST**
## **TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
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 J Piper Paul J Piper (Sep 18, 2024 21:02 GMT+1) _____________________________________ Paul Piper
Date: Sep 18, 2024
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 2024 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 McDowall
Archie McDowall (Sep 23, 2024 13:47 GMT+1)
Archie McDowall BA CA Member of the Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Sep 23, 2024
Page 8
## **AVERY HILL CHARITABLE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
|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
£
115,023
1,482
1
116,506
112,064
112,064
4,441
169,191
173,632|Restricted
Funds
£
463,739
5
-
463,744
415,128
415,128
48,616
434,117
482,734|Total
Funds
2024
£
578,762
1,487
1
580,250
527,192
527,192
53,057
603,308
656,366|Total
Funds
2023
£
642,415
365
801|
|---|---|---|---|---|
|||||643,581|
|||||452,891|
|||||452,891|
||||||
|||||190,690
412,618|
|||||603,308|
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 12-19 form part of these accounts.
Page 9
## **AVERY HILL CHARITABLE TRUST**
## **BALANCE SHEET**
## **AS AT 29 FEBRUARY 2024**
|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
£
31,709
31,709
-
6,205
145,206
151,412
(1,488)
149,923
181,632
(8,000)
173,632
173,632
173,632
173,632
-
173,632|Restricted
Funds
£
10,604
10,604
86,401
2,587
384,383
473,371
(1,241)
472,130
482,734
-
482,734
482,734
-
-
482,734
482,734|Total
Funds
2024
£
42,313
42,313
86,401
8,792
529,589
624,782
(2,729)
622,053
664,366
(8,000)
656,366
656,366
173,632
173,632
482,734
656,366|Total
Funds
2023
£
49,478|
|---|---|---|---|---|
|||||49,478|
|||||93,714
7,060
463,407|
|||||564,181
(2,350)|
|||||561,831|
||||||
|||||611,308
(8,000)|
|||||603,308|
|||||603,308|
|||||169,190|
|||||169,190
434,118|
|||||603,308|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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 directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities
- ([fo] a)[r: ] ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 J Piper (Sep 18, 2024 21:02 GMT+1)Paul J Piper --------------------------------------Paul Piper Date: Sep 18, 2024
Company number: 5039769
Charity number: 1103393
The notes on page 12-19 form part of these accounts.
Page 10
## **AVERY HILL CHARITABLE TRUST**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **CASH FLOW STATEMENT**
|Note
2024
£
**Cash flows from operating activities:**
**_Net cash provided by/(used in) operating activities_**
a
70,550
**Cash flows from investing activities:**
Proceeds from the sale of property, plant and equipment
-
Purchase of property, plant and equipment
(4,368)
Proceeds from sale of investments
Purchase of investments
**_Net cash provided by/(used in) investing activities_**
(4,368)
66,182
b
463,407
-
b
529,589
**Analysis of changes in net debt:**
At start of
At end of
year
Cash-flows
year
£
£
£
Cash
463,407
66,182
529,589
Total net funds / (debt)
463,407
66,182
529,589
**Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities**
2024
£
53,057
**Adjustments for:**
Depreciation charges and provisions for impairment
11,533
Loss/(profit) on the sale of fixed assets
-
(Increase)/decrease in stocks
7,313
(Increase)/decrease in debtors
(1,732)
Increase/(decrease) in creditors
379
Other
(1)
**_Net cash provided by (used in) operating activities_**
70,550
**Note b: Analysis of cash and cash equivalents**
2024
£
Cash at bank with immediate access
529,589
Notice deposits (with a term of three months or less)
-
Petty cash
-
**Total cash and cash equivalents**
529,589
**_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_**|2023
£
195,733|
|---|---|
||9,176
(50,685)|
||(41,509)|
||154,224
309,183
-|
||463,407|
||2023
£
190,690
9,950
(801)
(2,897)
(1,249)
40
-|
||195,733|
||2023
£
463,407
-
-|
||463,407|
Page 11
## **AVERY HILL CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **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:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value. These comprise donations to the Bexley Foodbank on the basis of the value of average donation per kilogramme multiplied by the total number of kilogrammes received.
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 29 FEBRUARY 2024**
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.
- g) Leased assets Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).
- h) Pension scheme arrangements
- The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
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.
j) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
- 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:
- i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
- ii) The value of donated food and food grants are based upon the estimated value of weighed goods. If the valuation of the price per KG changed it would have a material impact on the accounts and value of stock.
Page 13
## **AVERY HILL CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **3 Donations and legacies**
|**ations and legacies**|||
|---|---|---|
|Donations of cash and similar
Donations in kind
Grants from London Borough of Bexley
Grants from London Borough of Greenwich
Grants from Trussell Trust
Other grants receivable
Income tax recoverable|2024
£
166,375
221,105
100,000
5,697
71,578
-
14,007
578,762|2023
£
168,839
270,775
135,000
5,700
48,830
468
12,803|
|||642,415|
Donations in kind comprise items donated to the Bexley Foodbank for distribution to clients.
## **4 Income from charitable activities**
|Church retreats and events
Youth Camp Fees
Sale of Cakes for Youth Camp
Community outreach programs
Use of Hall by Third Parties
**Other income**
Gains on disposal of:
tangible fixed assets
Interest|2024
£
145
450
387
5
500
1,487
2024
£
-
1
1|2023
£
107
-
-
59
200|
|---|---|---|
|||365|
|||2023
£
801
-|
|||801|
## **5 Other income**
## **6 Charitable expenditure**
|People
Cost of Activities
Property
Equipment & Software
Grants made
Governance|Church
activities
54,378
7,989
32,051
810
16,717
1,050
112,995|Bexley
Foodbank
84,482
8,230
6,262
2,130
312,043
1,050
414,197|Total
Charitable
Expenditure
2024
138,860
16,219
38,313
2,940
328,760
2,100|
|---|---|---|---|
||||527,192|
|||||
|People
Cost of Activities
Property
Equipment & Software
Grants made
Governance|Church
activities
57,368
5,044
27,619
3,153
14,447.500
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|
|||||
The fee payable to the independent examiner for examining the accounts was £2,100 (2023: £2,100); in addition the charity paid £949 (2023: £837) to Stewardship for payroll bureau services.
Page 14
## **AVERY HILL CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **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:
iNet Trust
Christian Resources in Bexley Schools
Grants to institutions for less than £1,000 each|Institutions
£
4,650
100
1,200
5,950
Institutions
£
4,770
6,742
1,200
12,712|Individuals
£
10,713
312,097
-
322,810
Individuals
£
8,478
254,424
-
262,902
2024
£
2,400
1,200
2,350
5,950|2024
£
15,363
312,197
1,200|
||||328,760|
||||2023
£
13,248
261,167
1,200|
||||275,614|
||||2023
£
2,400
1,200
9,112|
||||12,712|
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|2024
£
90,272
2,148
6,817
-
99,237|2023
£
78,537
1,630
7,182
-|
|---|---|---|
|||87,349|
The average monthly number of employees during the year was 6.3 (2022: 5.5). 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 £62,032 (2023: £64,371).
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 29 FEBRUARY 2024**
## **8 Tangible fixed assets**
|Cost
At 1 March 2023
Additions
Disposals
At 29 February 2024
Accumulated depreciation
At 1 March 2023
Charge for the year
Eliminated on disposal
At 29 February 2024
Net book value
At 29 February 2024
At 28 February 2023|Leasehold
Improvements
£
92,147
4,368
-
96,515
60,960
7,479
-
68,439
28,076
31,187|Fixtures,
fittings and
equipment
£
9,905
-
-
9,905
990
1,981
-
2,971
6,934
8,914|Vehicles
£
10,413
-
-
10,413
1,037
2,073
-
3,110
7,303
9,376|Total
2024
£
112,465
4,368
-|
|---|---|---|---|---|
|||||116,833|
|||||62,987
11,533
-|
|||||74,520|
|||||42,313|
|||||49,478|
The above net book value for vehicles includes £0 (2023: £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.|2024
£
86,401
86,401
2024
£
-
5,215
3,577
8,792
2024
£
529,589
529,589
2024
£
2,454
275
2,729|2023
£
93,714|
|---|---|---|
|||93,714|
|||2023
£
-
3,498
3,562|
|||7,060|
|||2023
£
463,407|
|||463,407|
|||2023
£
2,100
250|
|||2,350|
## **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 29 FEBRUARY 2024**
## **13 Provisions**
|Provisions brought forward
Movement in year:
New provisions
Provisions carried forward|2024
2023
£
£
8,000
8,000
-
-
8,000
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 £6,817 (2023: £5,670) 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
2024
£
169,190
169,190
426,885
686
700
856
4,983
8
434,118
603,308|Incoming
resources
2024
£
116,506
116,506
463,588
95
-
5
-
56
463,744
580,250|Outgoing
resources
2024
£
(112,064)
(112,064)
(414,197)
(153)
(700)
-
(19)
(59)
(415,127)
(527,192)|Closing
balance
2024
£
173,632|
|---|---|---|---|---|
|||||173,632|
|||||476,276
628
0
861
4,964
5|
|||||482,734|
|||||656,366|
## **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
2024
£
£
£
31,709
10,604
42,313
-
86,401
86,401
6,205
2,587
8,792
145,206
384,383
529,589
(1,488)
(1,241)
(2,729)
(8,000)
-
(8,000)
173,632
482,734
656,366
Unrestricted Funds|
|---|---|---|
|||General
funds
£
31,709
-
6,205
145,206
(1,488)
(8,000)
173,632|
||||
Page 17
## **AVERY HILL CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
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
Property
Youth
Aggregate of funds|Opening
balance
2023
£
161,502
161,502
248,593
506
778.00
797
-
442
251,116
412,618|Incoming
resources
2023
£
113,940
113,940
522,502
430
700.00
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
700
856
4,983
8|
|||||434,118|
|||||603,308|
## **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
2023
£
£
£
36,143
13,335
49,478
-
93,714
93,714
4,770
2,290
7,060
137,577
325,830
463,407
(1,300)
(1,050)
(2,350)
(8,000)
-
(8,000)
169,190
434,118
603,308
Unrestricted Funds|
|---|---|---|
|||General
funds
£
36,143
-
4,770
137,577
(1,300)
(8,000)
169,190|
||||
_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:
|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:|2024
£
14,130
4,710
-
18,840|2023
£
14,130
18,840
-|
|||32,970|
During the year the charity was charged £14,130 (2023: £14,130) for its operating lease.
Page 18
## **AVERY HILL CHARITABLE TRUST**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 29 FEBRUARY 2024**
## **17 Transactions with related parties** During the year the charity:
- a) received donations totalling £62,032 (2023: £66,481) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) No expenses (2023: £0) were paid to, or for, the trustees.
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 (2023: £2,400).
## **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 29 FEBRUARY 2024**
|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
2024
2024
£
£
115,023
463,739
1,482
5
1
-
116,506
463,744
112,064
415,128
112,064
415,128
4,441
48,616
169,191
434,118
173,632
482,734
Unrestricted funds|Total
2024
£
578,762
1,487
1
580,250
527,192
527,192
53,058
603,308
656,366|||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
169,191
434,118
Unrestricted funds|Total
2023
£
642,415
365
801
643,581
452,891
452,891
190,690
412,618
603,308|
|---|---|---|---|---|---|---|---|
|||General
2024
£
115,023
1,482
1
116,506
112,064
112,064
4,441
169,191
173,632||||||
Page 20