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2023-03-31-accounts

HCJB-UK Limited

Report and Financial Statements 2022-2023

The Directors present their report covering the financial year 1[st] April 2022 to 31[st] March 2023

Company number: 6140067 Charity number: 1119403

HCJB-UK Limited

Contents

For the Year ended 31[st] March 2023

Pages
Directors’ report 2 - 14
Statement of Trustees Responsibilities 15
Independent Examiners’ Report 16
Statement of financial activities 17
Balance sheet 18
Notes to the financial statements 19 - 24
Statement of Cashflow 25

1

HCJB-UK Limited

Directors Report For the Year ended 31[st] March 2023

Reference and Administrative Details of the Company, its Directors and Advisors

Company Name and Number

The name of the company is HCJB-UK Limited, company number 6140067. The company was incorporated on 6[th] March 2007 and commenced activities on 19[th] September 2007. The company uses the business name ‘Reach Beyond’.

Charity Registration details

HCJB-UK Limited was registered as a charity in the United Kingdom on 25[th] May 2007. Its charity number is 1119403.

Registered Office Address

The address of the charity is Millside House, 131 Grattan Road, Bradford, West Yorkshire, BD1 2HS.

Directors

The Directors, who are also Trustees, who served during the year, were:

Mr Ian Hutchinson (Chair) Mr Peter Martin Cooper (Vice Chair) Mr David Dykes (Treasurer) Mrs Anne Hilton Mr James Hockney Miss Ruth Steele Mrs Samantha O’Brien

Senior Officers

The Chief Executive Officer of HCJB-UK Limited is Mr Colin Lowther. Mr Lowther is also the Company Secretary.

Bankers

The Bankers for HCJB-UK Limited are the Cooperative Bank plc, PO Box 250, Skelmersdale, WN8 6WT.

Accountants

The accountants for HCJB-UK Limited are Torevell Dent Ltd T/as Clarkson & Co, Chartered Certified Accountants, Centre of Excellence, Hope Park, Trevor Foster Way, Bradford, BD5 8HH.

Structure, Governance and Management

Governing Document

HCJB-UK Limited is a charitable company limited by guarantee and not having a share capital. It was incorporated on 6[th] March 2007.

2

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Recruitment and Appointment of New Directors

Directors are recruited on the basis of providing a wide range of skills and experience that will enhance and add to the charity’s existing skills base. The process of appointing new Directors is as follows:

1) Details of suitable candidates are put forward by the present Directors.

2) Discussion and prayer take place within a Board meeting about those persons, looking at their past work and experience and whether they have the right qualities required to develop the work of HCJB-UK Limited.

3) Suitable candidates are then approached and asked to consider and pray about becoming Directors. They receive a presentation of current activity, meet representatives of the current Directors and are given the opportunity to ask questions. They are also given our information leaflet ‘Could you be a Director with HCJB-UK?’ together with an application form allowing them to confirm that they are not prohibited from acting as company directors.

4) If the person accepts the role, then a vote is taken at the next Board meeting to accept the candidate.

Induction and Training of New Directors

Most new Directors will already be familiar with the work of the charity and will be provided with copies of minutes and accounts from the past year to help them understand the current issues and topics under discussion.

All new Directors are provided with a copy of ‘The Essential Trustee: What You Need to Know’ (document CC3 from the Gov.uk website). They are also sent an information pack which outlines the role of a Director at HCJB-UK Limited.

Organisational Structure

The charity is structured with a Board of Directors making decisions about policy, overall direction and strategy, finalising senior personnel decisions and overseeing financial matters. The Directors normally meet four times each year with an AGM in the spring. During this year they met in May, August, November, December, and January as well as a number of electronic meetings to discuss the business and work of the charity.

The Directors have appointed a Chief Executive Officer who manages the day-to-day work of the charity and who reports back to the Directors at their quarterly meetings. The Chief Executive Officer is responsible for day-to-day financial decisions, managing staff and planning current projects. The Chief Executive Officer also acts as Company Secretary to administer the work of the company. The Chief Executive is Mr Colin Lowther. During the year in question there were 34 staff and volunteers working for the charity.

Related Parties

The charity was incorporated on 6[th] March 2007 to support the work of the World Radio Missionary Fellowship Inc. which operated under the name HCJB Global until January 22[nd] , 2014. It then began using the business name of ‘Reach Beyond’. Reach Beyond is a fully registered not-for-profit entity based in the state of Colorado, USA.

Reach Beyond is an organisation that operates medical and media projects around the world. The medical work includes mobile medical clinics, community development, water projects and disaster relief. The media work includes operating radio stations and producing programmes as well as facilitating local community FM stations and helping to train those who work in them. Reach Beyond is focused on five regions around the world – Europe/Eurasia, Asia-Pacific, North Africa/Middle East, Latin America and Sub-Saharan Africa – and has workers in each location.

Relationship with Related Parties

Our working relationship with Reach Beyond in the US includes: recruiting vocational staff to work in the various regions where Reach Beyond operates; raising funds via our UK supporters for Reach Beyond projects overseas; and helping with training and IT-related projects at Reach Beyond operational sites.

3

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

HCJB-UK Limited and Reach Beyond in the US have together signed an Affiliate Agreement which covers areas such as: a definition of how we co-operate together; the overall strategy and vision of the co-operative projects; guidance on cooperative project funding; the management structure for UK personnel who are transferred to work in a Reach Beyond region; guidelines for communication and reporting structures; representation of the work in the US and the UK; spiritual commitments required; use of the Reach Beyond name and logo.

Donations to overseas bodies such as the Reach Beyond offices in the US, Australia and the Netherlands are occasional, and it is a policy of the directors to review all such relationships before any payment is authorised. The directors place a high degree of importance upon existing relationships and full knowledge of the activities of the partner agencies. Appropriate checks are conducted to ensure that the agencies´ activities are charitable in respect of the law in England and Wales.

Risk Management

The Directors have considered the major risks to which the charity is exposed and have established systems and procedures to manage those risks.

The Risk Register of the company has been reviewed during this period. The Register highlights areas where risks have been identified, the nature and level of the risk (low, medium, high), and the policies adopted to manage these risks and to reduce their impact. Here are the latest retained or ‘net’ risks of the charity after control procedures have been implemented:

High Risks

Medium Risks

4

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Low Risks

Objectives and Activities

The Objects of the Charity

The advancement of the Christian faith by 1) modern methods of communication (such as radio and the Internet) in all parts of the world; 2) the relief of poverty and the improvement of the conditions of life in socially and economically disadvantaged communities in all parts of the world; 3) the relief of sickness and the preservation of health among people in all parts of the world; and by such other means being charitable as the Association may determine.

Public Benefit

HCJB-UK Limited is involved with a wide range of activities in pursuance of its charitable aims and the Directors are always vigilant to ensure that the projects we undertake are in line with these objectives. The Directors have paid due regard to the Charity Commission’s guidance on public benefit in deciding what activities the charity should undertake. The Directors consider that these activities, which are summarised below, provide benefit to the public.

Medical Work Overseas: The charity sends out and supports workers (long and short term) serving in clinics and mobile medical facilities in South America and in Central Asia.

Community Development Overseas: The charity sends out and supports workers (long and short term) serving through clean water projects, hygiene and community development in South America, Sub-Saharan Africa, Central Asia and Europe.

Humanitarian Aid: The charity sends out teams to bring humanitarian aid and support to refugees on the Greek Islands.

Community Development in the UK: The charity runs a community centre in a disadvantaged part of Bradford, in order to serve vulnerable people with helpful services and activities so that their lives may be improved. Beneficiaries include the homeless, refugees and asylum seekers, the unemployed and those with mental health problems.

Media Training: The charity offers quality training in all aspects of media production to members of the public in the UK as well as other charities. We are also involved with radio training in Europe, Eurasia and Sub-Saharan Africa.

Media Production in the UK: The charity produces creative material for mainstream commercial radio stations with a spiritual emphasis, promoting the Christian faith in a way that appeals to all listeners, not just those with an interest in religion. We also produce a specialised English radio programme to help individual members of the public who are learning English both in the UK and overseas.

5

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

The Main Objectives for the Year and Strategies Employed to Achieve those Objectives

Objectives

We had 4 main objectives for this period:

Strategies

MOBILISATION

DIRECT MINISTRY

Refugee Response

Community Development

6

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

CHURCH PARTNERSHIP

THE MILLSIDE CENTRE

Our Millside Projects

MEDIA PROJECTS

7

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

SHARE ENGLISH

FUNDRAISING AND MARKETING

Significant Activities for the Year

Supporting Vocational Workers Based Overseas and in the UK

HCJB-UK Limited continued to support our 6 vocational workers overseas and the 4 vocational workers serving in the UK. During this period we carried out regular member care activities for our vocational workers, updated the new operations manual for our mobilisation processes, took part in a number of online webinars to grow our knowledge of the mobilisation process, had conversations with a number of people who were interested to apply to work in the UK and overseas, and interviewed and accepted a new couple to serve in Ecuador as engineer and doctor.

Community Development Overseas

Two of our team continued to be involved in member care for those running medical teams and clean water projects in the Europe/Eurasia region.

Refugee Response

We started to send out short term teams again to serve in Greece. The refugee response team was re-structured, and the UK office are now taking the lead globally on all Reach Beyond projects relating to refugees. This included a new emphasis on teams’ procedures, risk assessment and data security. We are now working closely with the US office in these areas of ministry.

The Share English Project

Share English audio programmes continue to be produced with the help of our team. They consist of a 15-minute radio programme using a specialised form of English for people learning or wanting to practise their English. During this period we saw encouraging growth in our social media presence and in downloads of our podcast and mobile

8

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

app, reached the milestone of 250,0000 subscribers on YouTube, and continued the process of launching a new website for club leaders. Our Share English staff member continues to struggle with Long Covid symptoms and is now working with us as a freelancer.

The Millside Centre

This community centre in Bradford is dedicated to helping some of the most vulnerable people in our locality such as asylum seekers, refugees and the homeless. During this period we introduced a number of new services which included a new signposting and advice service, an out-of-hours service for those struggling with their mental health, and a breadmaking group for women who were survivors of domestic abuse. We also transitioned our Welcome Café to a twoday a week service with plant-based food on Thursdays and were nominated for the Queens Award for Voluntary Service.

UK Radio Production

HCJB-UK Limited’s radio department is involved in radio production and training for UK local radio. During this period we produced short spoken word poetry spots for BBC local radio, shared poems on Facebook and Instagram, distributed audio material to several UK community radio stations, and produced Christmas and Easter radio commercials for local radio in West Yorkshire.

Volunteers

HCJB-UK Limited makes use of several local volunteers in the areas of administration, community outreach and programme production. Their help is invaluable in the smooth running of the charity. We had 34 regular volunteers this year in the Millside Centre and the HCJB-UK office.

Fundraising and Publicity

The charity signed up with the Fundraising Regulator in Spring 2017 and we aspire to have the highest standards when it comes to raising funds from the public.

In this period, the majority of the fundraising work was carried out by the CEO and others within the existing team, as well as with an external fundraising consultant. This has included help with writing copy for appeal letters, social media posts and preparing material for churches to use in their services.

This period we have continued to raise funds for the various Reach Beyond medical and media ministries located worldwide. This was done through mailings via post and email, deputation meetings in churches physically and via Zoom calls, and contacting grant making trusts. Our mailing regime consisted of three magazines and a monthly prayer update by email, as well as three project-focused letters in the 12-month period.

The trustees monitor closely the fundraising activities of the charity, regularly receiving updates on the current strategy and making suggestions. They ask for a quarterly fundraising report from the CEO which includes an update on recent activity.

The charity is bound by the standards of the Fundraising Regulator. There have been no failures to comply with the standards of these two organisations during this period, and there were no complaints received by the charity regarding its fundraising activities. The charity has done everything possible to protect vulnerable people and other members of the public from unreasonable intrusion into their privacy, from unreasonable and persistent approaches to procure money, and from placing undue pressure on individuals to make donations. This was done by communicating only to people who had asked to receive fundraising materials, and by carefully wording appeals and sending them out infrequently.

Sustainability

During this period the charity became Carbon Net Zero, reducing our carbon usage wherever we could and offsetting the rest through the charity Climate Stewards.

9

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Achievements and Performance

Performance Achieved against Objectives Set

Strategies

MOBILISATION

DIRECT MINISTRY

Refugee Response

Community Development

CHURCH PARTNERSHIP

10

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

THE MILLSIDE CENTRE

Our Millside Projects

MEDIA PROJECTS

SHARE ENGLISH

FUNDRAISING AND MARKETING

Plans for Future Periods

Top level objectives:

Mobilisation - to engage more people in short term mission, long term mission or on placements.

Direct Ministry – to see our UK-based workers involved in direct ministry projects, e.g., refugee initiatives, community development or media projects.

11

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Church Partnership - to connect with new UK churches and practically re-engage existing churches, to build strong partnerships that will contribute to our work financially, in prayer and through mobilisation.

Fundraising - to implement a fundraising plan which will reduce the deficit by 50% and enable the Millside Centre to break even.

Other plans:

To take out 4 church teams to serve refugees in Greece and elsewhere.

To finalise our new procedures for short terms missions teams.

To re-structure and grow our Mobilisation team.

To send out a new couple to serve in Ecuador as engineer and doctor.

To publicise 20 specific roles as opportunities for service with Reach Beyond during the year.

To communicate appropriately with individual prayer supporters and donors, so that they know that we appreciate them and would like to see them more fully involved in the work.

To improve the care and communication for our overseas field staff so that they feel adequately supported by the UK office.

To sell our building along with the Millside Centre, and move to a new office space in Bradford.

To manage a smooth transition for the Millside Centre from Reach Beyond to Hope Housing.

To invest in more funding streams so that we can be financially sustainable.

Now that we have achieved carbon neutrality, we want to continue to promote the efficient use of resources through the minimisation of waste, encouraging reduction in what we buy, re-using and recycling where possible, and committing to continual improvements through the setting of regular sustainability targets and monitoring our progress on these.

Financial Review

We believe the Financial Statement gives a fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing the Financial Statements we believe that we have:

We believe that we have kept proper accounting records which disclose with reasonable accuracy the financial position of this charity. We have safeguarded the assets of the charity and have taken reasonable steps to prevent and detect fraud or any other irregularities.

Gifts designated for particular workers or projects are set aside for that purpose and treated as “restricted funds” as defined by the Charity Commissioners.

Statement of Financial Activities

The total income for the year ending 31st March 2023 was £563,763 (2022 was £414,006) and total expenses for the year were £621,769 (2022 was £479,279). The loss on investments was £10,787, compared to a prior year gain of £1,563.

Our net outging resources for the year were £68,793 (in 2022 the Net outgoing resources were £63,710). The charity’s net assets are worth £657,175 compared to £725,968 at the previous period end.

12

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Reserves

  1. The purpose of our Reserves Policy is to:

  2. Give confidence to funders by demonstrating good stewardship and financial management

  3. Demonstrate the charity’s sustainability and capacity to manage unforeseen financial difficulties

  4. Give voluntary funders, such as grant-makers, an understanding of why funding is needed to undertake a particular project or activity

  5. Give assurance to lenders and creditors that the charity can meet its financial commitments

  6. Manage risk to the charity’s reputation from holding substantial unspent funds at the year-end without explanation

  7. HCJB-UK Ltd is currently dependent on donations and grants to sustain its activities. If these existing sources of income are depleted or lost, it is crucial to ensure that there are sufficient reserves to tide the charity over while further fundraising is carried out, or to allow the charity to wind up while meeting its obligation to staff and service users. The main concerns of the board are to ensure:

  8. That UK-based staff can continue working, primarily to secure new funding for the charity

  9. That overseas workers can be supported if the charity should go through a time of financial instability

  10. It is the policy of the Directors to maintain reserves sufficient to cover all the Restricted Funds and three month’s operating costs. These reserves should be built up from the unrestricted income.

  11. If the charity has excess reserves, then the board will consider how these funds could be best used and make this clear by designating funds for future expenditure.

  12. If significant resources are held in reserves, then the board may consider investing some of these funds to obtain a financial return for the charity, as stated in our Investment Policy. In making these decisions, the board will consider the likelihood that some or all the reserves held may need to be accessed at short notice.

  13. If the charity has excess reserves, the board will ensure that the organisation does not misrepresent the urgency or need for funds with donors.

  14. The level of reserves should be calculated and monitored every 3 months by the Treasurer.

  15. This policy shall be reviewed annually and whenever there are significant changes in staff hours, staff numbers or new projects.

Payment Policy

We do not seek or take extended credit from our suppliers, working, in effect, on a cash basis and paying all bills within 30 days.

Investment Policy

The Directors have established a policy where surplus funds, which are not required for the day to day running of the charity, may be invested in a deposit account with the charity’s bankers or in an investment portfolio with a ‘cautious to moderate’ risk. This policy will be reviewed annually or when needs dictate.

13

HCJB-UK Limited

Directors Report (continued) For the Year ended 31[st] March 2023

Conclusion

The Directors express their gratitude for the faithfulness of staff and volunteers who have worked unselfishly during the past year. Acknowledgement is made also to the many supporters who, with prayer or finance, have enabled the ministries to continue.

Above all, the Directors are grateful to God for His faithful provision and guidance during the past year; to Him be all the glory.

…………………………………

Ian Hutchinson Chair of Directors

10th July 2023

14

HCJB-UK Limited

Statement of Trustees’ Responsibilities For the Year ended 31[st] March 2023

The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

The trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

15

’ - Independent Examiners Report to the Trustees of HCJB UK Limited Charitable Company

For the Year ended 31[st] March 2023

I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purpose 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

I confirm that I am qualified to undertake the examination because I am member of ACCA, 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.

………………………

Samantha J Sutcliffe FCCA Torevell Dent Limited Chartered Certified Accountants Centre of Excellence Hope Park Trevor Foster Way Bradford BD5 8HH

Date 10[th] July 2023

16

HCJB-UK Limited

Statement of Financial Activities For the Year ended 31[st] March 2023

Total Total
Unrestricted Restricted Year ended Year ended
Funds Funds 31.03.2023 31.03.2022
Income Note £ £ £ £
Income and endowments from:
Donations and Legacies 67,624 317,954 385,578 324,138
Community Centre/ Grant Funding 94,341 59,551 153,892 75,765
Other Trading Activities 24,148 - 24,148 14,080
Investment Income
Interest Received 145 - 145 23
_ _ _ _
TOTAL 2 186,258 377,505 563,763 414,006
Expenditure
Expenditure On:
Raising Funds 3 15,417 - 15,417 14,617
Charitable Activities 4 145,748 458,797 604,545 462,494
Other Costs 4 1,807 - 1,807 2,168
_ _ _ _
TOTAL 162,972 458,797 621,769 479,279
Net (Expenditure)/Income before
Investment Gains/(Losses) 23,286 (81,292) (58,006) (65,273)
Net Gains/(Losses) on
investments		 6 (10,787) - (10,787) 1,563
_ _ _ _
Net Income/(Expenditure) 12,499 (81,292) (68,793) (63,710)
Transfers between Funds (53,173) 53,173 - -
_ _ _ _
Net Movement in funds (40,674) (28,119) (68,793) (63,710)
Reconciliation of Funds:
Total funds brought forward 569,475 156,493 725,968 789,678
_ _ _ _
Total funds carried forward 528,801 128,374 657,175 725,968

The notes on pages 19 to 24 form part of these financial statements

17

HCJB-UK Limited

Balance sheet For the Year ended 31[st] March 2023

Notes
Fixed Assets
Tangible fixed assets
5
Investments
6
Current Assets
Debtors
7
Cash at bank and in hand
Creditors: amount falling due
within one year
8
Net Current Assets
Total
Funds of the Charity
General funds
9
Restricted funds
Year ended
31.03.2023

£
£
403,320
190,926
594,246
5,905
67,515
73,420
(10,491)
62,929
657,175
528,801
128,374
657,175
Year ended
31.03.2022
£
£
414,945
201,713
616,658
4,022
109,493
113,515
(4,205)
109,310
725,968
569,475
156,493
725,968
Year ended
31.03.2022
£
£
414,945
201,713
616,658
4,022
109,493
113,515
(4,205)
109,310
725,968
569,475
156,493
725,968

616,658
109,310

725,968
569,475
156,493

725,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Charities SORP (FRS 102) (effective January 2015).

The financial statements were approved by the Board of Trustees on 10 July 2023 and were signed on its behalf by:

…………………………….

Ian Hutchinson Trustee

The notes on pages 19 to 24 form part of these financial statements

18

HCJB-UK Limited

Notes to the Financial Statements For the Year ended 31[st] March 2023

1. ACCOUNTING POLICIES

Basis of Accounting

The financial statements have been prepared under the historical cost convention, in accordance with the Charities Act 2015 and the Companies Act 2006, and also in accordance with applicable accounting standards and the Charities SORP (FRS102)(effective January 2015).

Income and endowments

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Taxation

The charity is registered with the Charities Commission and is not subject to taxation on its normal activities.

Capital Expenditure

All expenditure of a capital nature is capitalised in the balance sheet.

Fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Audio visual & studio: 15% straight line basis Office equipment: 15% straight line basis Computer equipment: 15% straight line basis Fixtures & fittings: 2% straight line basis Freehold buildings: 2% straight line basis

19

HCJB-UK Limited

Notes to the Financial Statements (cont) For the year ended 31[st] March 2023

ACCOUNTING POLICIES Continued

Funds Structure

The charity has a number of restricted income funds to account for situations where a donor requires that a donation must be spent on a part on a particular purpose or where funds have been raised for a specific purpose.

All other funds are unrestricted income funds and are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

2. INCOMING SOURCES ANALYSED BETWEEN PROJECTS

Project
Income
£
Community
Centre Grant
Income
£
Community
Centre
General
Income
£
Ministry
Fund
£
General
Funds
£
140,740 59,566
94,326
177,214 91,772
Summary of incoming resources
Incoming resources as detailed above
Interest received per Statement of Financial Activities
 Total
£
563,618
£
565,618
145
563,763

3. COSTS OF GENERATING VOLUNTARY INCOME

COSTS OF GENERATING VOLUNTARY INCOME
Year ended Year ended
31.03.23 31.03.22
£ £
Fundraising and Publicity
Conference and Exhibitions 3,399 166
Advertising & Magazine
 12,018 14,451

15,417 14,617

20

HCJB-UK Limited

Notes to the Financial Statements (cont) For the year ended 31[st] March 2023

Year ended Year ended
31.03.2023 31.03.2022
4. COST OF ACTIVITIES £ £
IN FURTHERANCE OF
THE CHARITY’S OBJECTS
Rent and Rates 1,014 2,619
Insurance 4,439 4,533
Light and Heat 5,622 4,695
Staff Salaries 87,936 89,211
Staff Pensions 2,954 3,516
Staff Training and Recruitment 1,229 1,717
Printing and Stationery 3,387 953
Books and Journals 15 54
Postage and Shipping 2,132 3,156
Telephone 1,575 1,765
Travel and Deputation 1,016 1,426
Bank Charges 1,640 895
Subscriptions 35 435
Housekeeping 14,092 13,946
Depreciation 11,625 11,625
IT Costs 7,037 5,577
One Household Ministry ~~-~~ 424
145,748 146,547
Ministry Fund Expenses 168,622 136,917
Project Fund Expenses 163,334 101,832
Community Centre Grant Expenses 126,841 77,198
_ _
604,545 462,494
Year ended Year ended
31.03.2023 31.03.2022
£ £
OTHER COSTS
Legal and Professional 253 614
Accountancy charges 1,554 1,554
1,807 2,168

21

HCJB-UK Limited

Notes to the Financial Statements (cont) For the Year ended 31[st] March 2023

5. TANGIBLE FIXED ASSETS

Studio/
Audio
Freehold Visual Computer Fixtures &
Office
Building Equipment Equipment Fittings
Equipment		 Total
£ £ £ £
£		 £
Cost
As at 1stApril 2022 380,000 17,323 32,597 152,753
49,950		 632,623
Additions - - - -
-		 -
Disposals - - - - - -
As at 31 March 2023 380,000 17,323 32,597 152,753 49,950 632,623
Depreciation
As at 1stApril 2022 92,466 17,323 31,143 26,796
49,950		 217,678
Charge for Year 7,600 - 970 3,055
-		 11,625
Eliminated on
Disposals - - - - - -
As at 31 March 2023 100,066 17,323 32,113 29,851 49,950 229,303
Net Book Value
As at 31 March 2023 279,934 - 484 122,902
-		 403,320
As at 31 March 2022 287,534 - 1,454 125,957
-		 414,945
6. FIXED ASSET INVESTMENTS Year ended Year ended
31.03.2023 31.03.2022
£ £
Quoted Investments
Market value at 1stApril 2022 201,713 200,150
Addition - -
Net unrealised investments gain/(loss) (10,787) 1,563
Sale proceeds - -
Market Value at 31 March 2023 190,926 201,713
Historical cost 200,000 200,000
7. DEBTORS Year ended Year ended
31.03.2023 31.03.2022
£ £
Trade Debtors 3,443 -
Gift Aid
 2,462 4,022
7,905 4,022

22

HCJB-UK Limited

Notes to the Financial Statements (cont) For the year ended 31[st] March 2023

8. CREDITORS DUE WITHIN ONE YEAR


CREDITORS DUE WITHIN ONE YEAR
Year ended Year ended
31.03.2023 31.03.2022
£
 £
Accruals 1,554 1,554
Credit Card 2,684 -
Trade Creditors 6,253 2,651
10,491 4,205

9. UNRESTRICTED FUNDS

Balance
1st April 2022
£
Incoming
Resources
£
Outgoing
Resources
£
Investment
Movement
£
Unrestricted
Funds
General
569,475
91,917
(73,092)
(10,787)
Community
Centre General
Fund
-
94,341
(89,880)
-
569,475
186,258
(162,972)
(10,787)		 Transfer
£
(53,173)

-

(53,173)
 Balance 31st
March 2023
£
524,340
4,461
528,801

10. RESTRICTED FUNDS

£
Restricted Funds
Ministry Funds
Project Funds
Community Centre
Grant		 Balance
1st April
2022
Incoming
Resources
£
Outgoing
Resources
£
Investment
Movement
£
68,033
177,214
(168,622)
-
20,212
140,740
(163,334)
-
68,248
59,551
(126,841)
-
156,493
377,505
(458,797)
-		 Transfer
£
Balance 31st
March 2023
£
(24,881)
51,744
28,172
25,790
49,882
50,840
53,173
128,374

23

HCJB-UK Limited

Notes to the Financial Statements (cont) For the year ended 31[st] March 2023

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted

£ £
Fund balances at 31st March 2023 are represented by:
Tangible fixed assets
274,946 128,374
Investment
190,926
-

Current assets
73,420 -
Liabilities(10,491) -
Total net assets
528,801 128,374		 Total
£
403,320
190,926
73,420
(10,491)
657,175

12. REMUNERATION AND EXPENSES PAID TO TRUSTEES

During the year there was no remuneration paid to the trustees of the charity. Trustees received expenses totalling £NIL (2022: £NIL).

13. STAFF COSTS

13. STAFF COSTS
Year ended Year ended
31.03.2023 31.03.2022
£ £
Salaries and National Insurance 87,936 89,211
The average number of full time equivalent staff employed
by the charity during the year was 8 8

24

HCJB-UK Limited

Statement of Cashflow

For the Year ended 31[st] March 2023

tement of Cashflow
r the Year ended 31st March 2023
Year ended Year ended
31.03.2023 31.03.2022
Funds Funds
£ £
Cash flows from operating activities:
Net cash provided by (used in) operating activities as below (41,978) (54,555)
Cash flows from investing activities:
Purchase of property, plant and equipment - -
Proceeds from sale pf property, plant and equipment - -
Additions from investments (net) - -
Net cash provided by (used in) investing activities - -
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period (41,978) (54,555)
Cash and cash equivalents at the beginning of the reporting
period 109,493 164,048
Cash and cash equivalents at the end of the reporting period 67,515 109,493
Reconciliation of net income/(expenditure) to net cash flow
from operating activities:
Net income/(expenditure) for the reporting period (as per the
statement of financial activities) (68,793) (63,710)
Adjustments for:
Depreciation charges 11,625 11,625
Unrealised gains 10,787 (1,563)
(Increase)/decrease in debtors (1,883) (2,301)
(Decrease)/increase in creditors 6,286 1,394
Net cash provided by (used in) operating activities (41,978) (54,555)

25