2021-12-31-accounts

		Page
Legal and Administrative	Information
Trustees' Report		3to 7
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet		10
Statement ofCash Flows
Notes to the Financial Statements		12to 17

Constitution	Constitution	Constitution		Harvest Church	London	London	is a company	is a company	is a company	limited	by guarantee	and	has no share	has no share
				capital. The liability		of	each	member		in the event of winding-up			is limited	to
				F10.
				The company is	a registered			charity	governed		by its Memorandum		and Articles
				of Association which		establishes			the	objects and powers		of	the charitable
				company
Trustees				Paul Naughton (Director)
				Temi Ewuosho (Director)
				Tim Collins (Director)
				Nana Anaman (Director)
				Ibironke Jegede	(Secretary)			resigned		1 June	2021
				Roseline Osam-Duodu			(Secretary)		appointed		3June 2021
Company		Number		05131178
Charity	Number			1104220
Registered			Office	Leadership Training		Centre
				40-43 North End	Road
				Wembley
				Middlesex
				HA9 OAT
Principal		Office		Leadership Training		Centre
				40-43 North End	Road
				Wembley
				Middlesex
				HA9 OAT
Independent			Examiner	Neil Heyes FCA
				Rayner Essex LLP
				Faulkner House
				Victoria Street
				StAlbans
				Herts AL1 3SE
Solicitors				Wellers Law Group
				65 Leadenhall Street
				London
				EC3A 2AD
Bankers				HSBC
				133Regent Street
				London
				W1B4HX

					2021	2020
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes	8	8		8
Incoming resources:
Tithes &offerings			424,014		424,014	461,676
Rental Income						3,965
Bookshop sales			1,809		1,809	1,303
Cafe Sales			2,853		2,853	2,516
Gift Aid			134,767		134,767	52,252
Investment Income			192		192	91
Sundry Income			1,040		1,040	2,514
Government grant						7,090
Total incoming resources			564,675		564,675	531,407
Resources expended
Costs ofgenerating	funds		157,925		157,925	172,234
Charitable activities			232,553		232,553	242,748
Total resources expended			390,478		390,478	414,982
Net incoming resources before
other recognised	gains and losses		174,197		174,197	116,425
Other recognised	Gains and Losses
Net movement in	funds		174,197		174,197	116,425
Reconciliation of	funds
Fund Balances Brought Forward		10	1,510,148		1,510,148	1,393,723
Transfers between	funds	10
Fund balances carried forward		10	1,684,345		1,684,345	1,510,148

			Notes	2021		2020
				6		F
Fixed Assets
Tangible assets					1,610,208		1,597,674
Current Assets
Stock				10,616		10,975
Investment				26,000		21,000
Debtors						17,596
Cash at bank and	in hand			171,092		113,169
Total Current Assets				207,708		162,740
Creditors: Amounts		Falling Due
within One Year				(133,571)		(44,640)
Net Current Assets					74,137		118,100
Total Assets Less Current					1,684,345		1,715,774
Liabilities
Long Term Liabilities							(205,626)
					1,684,345		1,510,148
The Funds ofthe	Charity
Reserves			10		1,684,345		1,510,148
Total Funds					1,684,345		1,510,148

				2021f	2020 F
Cash flows from operating activities
Net income (expenditure) for the year				174,197	116,425
Adjustments for:
Depreciation				16,423	10,139
Loss of disposal offixed assets
Investment income				(192)	(91)
(Increase)/reduction in stock				359	(1,832)
(Increase)/reduction in debtors				17.596	(17,596)
Increase/(reduction) in creditors				(116,695)	(164,633)
Net cash provided/ (used)	in operating	activities		91,688	(57,588)
Cash flows from investing	activities
Purchase oftangible fixed assets				(28,957)	(22,154)
Sale oftangible fixed assets
Purchase of investments				(5,000)	(6,000)
Investment income				192	91
Net cash (used in) investing activities				(33,765)	(28,063)
Net increase / (decrease) in equivalents	cash and cash			57,923	(85,651)
Cash and cash equivalents year	at the beginning		ofthe	113,169	198,820
Cash and cash equivalents	at the end ofthe		year	171,092	113,169
Cash and cash equivalents	is made up ofthe
following:
Cash at bank and in hand				171,092	113,169
Total				171,092	113,169
The notes on pages 12to 17	form part ofthese financial statements.

Total re	sources	expended
			Costs of		2021	2020
			~Generatin	Charitable	Total	Total
			Funds	Activities	funds	Funds
Costs directly allocated to		activities
Staff Salaries (inc	pension)			150,334	150,334	144,226
Support to Other Ministries				41,227	41,227	44,507
Conference costs				650	650	11,935
Books etc.				1,992	1,992	431
Cafe Purchases				5,313	5,313	2,466
Foodstuffs for events				4,318	4,318	977
Pastoral care				19,131	19,131	28,800
Travels Hotels				2,708	2,708	4,494
PR (Literature 8 Brochures)			6,328		6,328	1,142
Subscriptions				2,128	2,128	2,230
			6,328	227,801	234,129	241,208
Support Costs allocated to		activities
Telephone				3,845	3,845	2,243
Office Stationery				907	907	439
Light and Heat			11,002		11,002	13,202
Premises Running	Expenses		14,093		14,093	14,474
Repairs and Renewals			33,293		33,293	48,732
Office Expenses			2,949		2,949	1,787
Bank Charges			2,264		2,264	1,633
Loan Interest Paid			3,345		3,345	5,889
Equipment 8 accessories			4,623		4,623	5,537
Insurance			2,791		2,791	2,637
Miscellaneous
Depreciation			16,423		16,423	10,139
Examination 8.accountancy		fees	6,942		6,942	3,870
Professional fees			53,872		53,872	63,192
			157,925	232,553	390,478	414,982

Net Movement	ln Funds
The movement	offunds	is stated after charging	or (crediting):
				2021	2020
Depreciation	ofowned	assets		16,423	10,139
Independent	Examiner's	remuneration		3,870	3,870

			2021	2020
				6
Wages and	salaries		135,213	128,658
Employers'	national	insurance	9,763	10,254
Employers'	pension	costs	5,358	5,314
			150,334	144,226

he year w	as as follow
2021	2020
Number	Number

Direct charitable	activities
Management and	administration

7.	Tangible Fixed Assets	Tangible Fixed Assets	Freehold	Freehold	Fixtures	Fixtures	&	Office	Total
			property		Fittings			Equipment
	Cost
	At 1"January 2021		1,567,255			32,908		105,234	1,705,397
	Additions							28,957	28,957
	At 31"December 2021		1,567,255			32,908		134,191	1,734,354
	Depreciation At 1"January 2021					30,567		77,156	107,723
	Charge for the year					780		15,643	16,423
	As at 31 December 2021					31,347		92,799	124,146
	Net Book Value
	At 31 December 2021		1,567,255			1,561		41,392	1,610,208
	At 31 December 2020		1,567,255			2,341		28,078	1,597,674
The	open market value ofthe property			is believed	by	the directors to be between			F5m and f7m
8.	Debtors							2021	2020
								E
	Other debtors								17,596
									17,596
9.	Creditors: Amounts	Falling within one year
								2021	2020
								6	F
	Accruals							3,720	3,720
	Short term loans							125,369	40,920
	Other creditors							4,482
								133,571	44,640
10	Creditors: Amounts	falling due		after more	than one
	year							2021	2020
								E	E
	Interest free loan
	Bank loan								205,626
									205,626

	Total re	sources ex	pended
			Costs of		2020	2019
			~Generatin	Charitable	Total	Total
			Funds	Activities	funds	Funds
Costs directly allocated to		activities
Staff Salaries (inc	pension)			144,226	144,226	133,943
Support to Other Ministries				44,507	44,507	97,704
Conference costs				11,935	11,935	18,015
Books etc.				431	431	2,123
Cafe Purchases				2,466	2,466	3,765
Foodstuffs for events				977	977	3,163
Pastoral care				28,800	28,800	21,418
Travel 8 Hotels				4,494	4,494	36,878
PR (Literature 8 Brochures)			1,142		1,142	6,394
Subscriptions				2,230	2,230	454
			1,142	240,066	241,208	323,857
Support Costs allocated to		activities
Telephone				2,243	2,243	3,044
Office Stationery				439	439	2,001
Light and Heat			13,202		13,202	8,805
Premises Running	Expenses		14,474		14,474	17,406
Repairs and Renewals			48,732		48,732	21,001
Office Expenses			1,787		1,787	1,540
Bank Charges			1,633		1,633	8,128
Loan Interest Paid			5,889		5,889	10,406
Equipment 8 accessories			5,537		5,537	1,499
Insurance			2,637		2,637	2,510
Miscellaneous						865
Depreciation			10,139		10,139	6,136
Examination 8 accountancy		fees	3,870		3,870	3,840
Professional fees			63,192		63,192	62,581
			172,234	242,748	414,982	473,619