2023-03-31-accounts - Harmony Christian Ministries

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CONSOLIDATED
STATEMENT OF FINANCIAL	ACTIVITIES		2023	2023	2023	2022
			Restricted	Unrestricted	Total	Total
INCOMING RESOURCES
Grants and Donations (including		Gift Aids)		753,100	753,100	254,684
Investment income				30,824	30,824	25,518
Other Incoming Resources				33,754	33,754
Total Incoming Resources				817,678	817,678	550,202
RESOURCES EXPENDED
Costs ofActivities in Furtherance		ofthe
Company's Objects
Charitable Activities				646,500	646,500	413,070
Governance Costs				166	166	7,167
Total Resources Expended				646,666	646,666	420,237
Net Incoming / (Outgoing)	Resources			171,012	171,012	129,965
Total Funds Brought Forward				835,760	835,760	705,675
Reserves Adjustments						120
Total Funds Carried Forward				1,006,772	1,006,772	835,760

CONSOLIDATED
BALANCE SHEET	2023	2023	2022	2022
FIXED ASSETS (Note 5)		1,625,427		1,664,793
Investment		16,564
CURRENT ASSETS
Debtors	24,673		14,077
Cash and Bank	440,632		284,828
CURRENT LIABILITIES
Creditors - within one year (Note 7)	(21,712)		(10,369)
NET CURRENT ASSETS		443,593		288,536
Creditors —More than one year (note 8)		(1,078,812)		(1,117,569)
NET ASSETS		1,006,772		835,760
CAPITAL AND RESERVES
Restricted Funds
Unrestricted Funds		1,006,772		835,760
Reserves
NET ASSETS		1,006,772		835,760

	There has been no offsetting ofassets and liabilities, or income and expenses,
Offsetting	unless required or permitted by the FRS 102SORP or FRS102.
Grants. and.	Grants. and donations are only. included, in.the SoFA when the general
donations	income recognition criteria are met (5.10to 5.12FRS102SORP).
	In the case of performance related grants, income must only be
	recognised to the extent that the charity has provided the specified goods
	or services as entitlement to the grant only occurs when the performance
	related conditions are met (5.16FRS102SORP).
Legacies

Income from	Income from
interest,		This is included in the accounts when receipt is probable,	and the amount
royalties and		receivable can be measured reliably.
dividends
Income from
membership subscriptions		Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
		Membership subscriptions which give a member the right to buy services
		orother benefits are recognised as income earned from the provision		of
		goods and services as income from charitable activities.
Settlement	of	Insurance claims are only included in the SoFA when the	general income
insurance	claims	recognition criteria are met (5.10to 5.12 FRS102SORP) and are included
		as an item ofother income in the SoFA.
Investment		This includes any realised or unrealised gains or losses on the sale of
gains and	losses	investments and any gain or loss resulting from revaluing	investments	to
		market value at the end ofthe year.

Liability		Liabilities are recognised where it is more likely than not that	there is a
recognition		legal or constructive obligation committing the charity to pay	out
		resources and the amount ofthe obligation can be measured	with
		reasonable certainty.
		Support costs have been allocated between governance costs	and other
Governance	and	support. Governance costs comprise all costs involving public
support costs		accountability ofthe charity and its compliance with regulation	and good
		practice.
		Support costs include central functions and have been allocated to activity
		cost categories on a basis consistent with the use of resources,	eg
		allocating property costs by floor areas, or per capita, staff costs by the
		time spent and other costs by their usage.
Grants with		Where the charity gives a grant with conditions for its payment	being a
performance conditions		specific level ofservice or output to be provided, such grants are only recognised in the SoFA once the recipient ofthe grant has provided the
		specified service or output.
Grants payable without		Where there are no conditions attaching tothe grant that enables the
performance conditions		donor charity to realistically avoid the commitment, a liability funding obligation must be recognised.	for the full
Redundancy	cost	The charity made no redundancy payments during the reporting period.

Analysis of Resources Expended	Cost	ofCharitable	Governance	Total 2023	Total 2022
		Activities	Cost
Direct Costs:
Services & Events		84,527		84,527	52,911
Depa rtmenta I/Project Support
Evangelism & Missions		125,415		125,415	61,688
Staff Costs		130,897		130,897	116,977
		340,839		340,839	231,576
Indirect Costs:
Office and Admin Costs		116,137		116,137	59,547
Rent		11,982		11,982	5,243
Professional and Consultancy		42,565		42,565	16,770
Maintenance		25,887		25,887	19,551
Bank charges and Interest		48,288		48,288	22,032
Depreciation		60,802		60,802	58,351
Governance Cost			166	166	7,167
		305,661	166	305,827	188,661
Total Resources Expended		646,500	166	646,666	420,237
5.FIXEDASSETS
	Land &	Plant&	Fixtures&	Motor	Computer
	Building	Machinery	Fittings	Vehicle Equipment Total
	f	f	f
COST
At 1April 2022	2,335,928	137,823	149,188	48,879	21,592 2,693,410
Additions			1,000		20,436 21,436
Disposals
At 31March2023	2,335,928	137,823	150,188	48,879	42,028 2,714,846
DEPRECIATION
Accumulated Depreciation	706,030	130,761	126,348	48,879	16,599 1,028,617
Charge for the year	46,719	1,766	5,960		6,357 60,802
At 31March 2023	752,749	132,527	132,308	48,879	22,956 1,089,419
NET BOOK VALUE
At 31March 2023	1,583,179	5,296	17,880	0	19,072 1,625,427
At 31March 2022	1,629,898	7,062	22,840	0	4,993 1,664,793

	2023	2022
	E	f
Fixed Assets
Investment	16,563
Current Assets
Debtors
Cash 5 Bank
Tota I Current Assets
Creditors within one year
NET Current Assets
Creditors within more than one year	16,563
NET ASSETS
FINANCED BY
Ordinary Share Capital
Reserves
NET ASSETS

	2023	2022
		f
Fixed Assets
Office Equipment	15,327
	15,327
Current Assets
Debtors
Cash 5 Bank	20,887	21259
Total Current Assets	20,887	21,259
Creditors within one year	(3,012)
NET Current Assets	17,875	21,259
Creditors within more than one year
NET ASSETS	33,202	21,259
FINANCED BY
Ordinary Share Capital
Reserves	33,202	21,259
	33,202	21,259

Year ended 31March 2023	Year ended 31March 2023		2023	2023	2023	2022
			Restricted	Unrestricted	Total	Total
Incoming Resources
Grants and Donations (including		Gift
Aids)				578,319	578,319	524,684
Investment Income				30,824	30,824	25,518
Other incoming resources				33,754	33,754
Total Incoming Resources			0	642,898	642,898	550,202
Resources Expended
Cost ofActivities in Furtherance		ofthe
Company's Objects
Charitable activities			0	483,663	483,663	413,070
Governance costs			0	166	166	7,167
Total Resources Expended				483,829	483,829	420,237
Net Incoming/(Outgoing)	Resources			159,069	159,069	129,965
Net Movements forthe Year				159,069	159,069	129,965
Total Funds Brought Forward				814,501	814,501	684,416
Reserves Adjustments						120
Total Funds Carried Forward				973,570	973,570	814,501

BAlANCE SHEET
	2023	2023	2022	2022
	E	E	E	E
Fixed Assets
Tangible Fixed Assets (Note 2)	1,610,100		1,664,793
CURRENT ASSETS
Other Debtors (Note 5)	24,673		14,077
Cash and Bank	419,745		284,828
	444,419		298,905
CREDITORS - Within one year (Note 3)	(18,701)		(10,369)
NET CURRENT ASSETS		425,718		288,536
CREDITORS - Due after one year (Note 4)		(1,062,248)		(1,117,569)
NET ASSETS		973,570		835,760
FINANCED BY
Restricted Funds				(26,982)
Unrestricted Funds		973,570		862,742
		973,570		835,760