## **COMMUNITY CHURCH HARLESDEN** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023** **CHARITY REGISTRATION No: 1121958 COMPANY REGISTRATION No: 6370416** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF 1 ||**COMMUNITY CHURCH HARLESDEN**| |---|---| ||**(A COMPANY LIMITED BY GUARANTEE)**| ||**CONTENTS**| |Page 3|Legal and Administrative Information| |Pages 4 to 5|Report of the Directors| |Page 6|Statement of Financial Activities| |Page 7|Balance Sheet| |Pages 8 to 17|Notes to the Financial Statements| |Page 18|Independent Examiners Report| 2 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2023** **CHARITY NUMBER** 1121958 **COMPANY REGISTRATION NUMBER** 6370416 **START OF FINANCIAL PERIOD** 1 April 2022 **END OF FINANCIAL PERIOD** 31 March 2023 **TRUSTEES THAT SERVED DURING THE YEAR TO 31ST MARCH 2023** Mr Paul Gladwell **(ALSO DIRECTORS UNDER COMPANY LAW)** Mrs Charlotte Thackery Mrs Elizabeth Hollow Mr Andrew Cooper Mr Andrew Hart Mr Albert Howard Mrs Sonakshi Anand (appointed 12th September 2022) **COMPANY SECRETARY** Mrs Elizabeth Hollow **REGISTERED ADDRESS** 53 Burns Road London NW10 4DT **DATE OF INCORPORATION** 13th September 2007 **DATE REGISTERED AS A CHARITY** 12th December 2007 **GOVERNING DOCUMENT** Memorandum and Articles of Association **BANKERS** The Co-operative Bank Business Customer Services PO Box 250 Skelmersdale Lancashire WN8 6WT **INDEPENDENT EXAMINER** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF **OBJECTS** a.) To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule to the articles here to in Harlesden and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit and other such purposes which are exclusively charitable work of the charity. b.) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of Harlesden, the United Kingdom or the World. c.) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life in such parts of Harlesden, the United Kingdom and the World as the trustees may from time to time think fit. 3 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2023** ## **Achievements and performance, and how expenditure supports key activities of the charity** CCH is home church to approximately 50 people with an increasing number of children. All are supported in some way through relationships within the church, including through Sunday meetings and mid-week groups. This was the first full year without COVID-19 restrictions, which enabled the church to return to usual rhythms of meeting together. ## **Worship, prayer and pastoral support** Sunday meetings included sung worship, prayer, Bible teaching, communion and a ‘life slot’, where a church member shares about their life, providing an opportunity for support and encouragement. Now that COVID restrictions have lifted, the church was able to have several external speakers come to join the Sunday meetings which was very encouraging. The church continued to meet in small groups mid-week, in prayer triplets and for worship evenings throughout the year. These meetings were an opportunity for individual church members to receive prayer and discipleship. ## **Community activities** The church continued giving to causes promoting its aims. This included grants to John Keble School to help them provide support to children and families and to FER Productions to develop a film exploring friendships between people with and without cognitive disabilities. The church has run fewer projects this year as it takes stock on how best to support the local community. It is expected that, once The Lighthouse is available for use, the church will start running more of its own activities again. The church also gave 12 grants from its Hardship Fund to support local individuals in acute need. Most of these grants were alongside support from partner organisations, such as Refugee Education UK, Harlesden Mutual Aid and the Harlesden Salvation Army. A number of members of the church serve as governors of the local Church of England primary school, John Keble, where several children from the church attend. The church employs an administrative assistant one day per month, to assist with church administration and coordinating church activities. ## **Partnerships** The church continues to partner with other charities to enrich the life of the church community and help fulfil the church’s vision to bring the peace and hope of Jesus Christ to our local area of Harlesden, as well as London and the wider world. Our partnership with Refugee Education UK (REUK) continued and a number of church members continued their voluntary support of REUK. Members of the church have provided theological teaching at King’s School of Theology, and the church has given to support the School as it is in a period of transition. Regular support was also given to individuals running projects in the UK, Europe, Africa and Central Asia to relieve poverty and/or spread the Christian faith. The low operating costs of the church continue to facilitate a high level of external giving including to causes such as rewilding and tackling racism (on a local and national level). ## **Financial Review** The church is in a good financial position. Its income was not significantly impacted by COVID. COVID did impact projects, and associated costs, leading to a reduction in running costs. However, the church has been able to partner with ongoing and new organisations to deploy much of these funds. The church now has a strong level of reserves; it expects that the building will provide new opportunities for projects which these funds will be used towards, once the building opens in 2024. The Trustees report a surplus of income over expenditure of £18,756 in this financial year compared to a surplus of £6,868 in the previous financial year. Total reserves at 31st March 2023 were £161,497 of which £550 were represented by restricted funds. 4 civIMuiirrY QIVRCH IIARIESOEN {ACOMPANY LIMrrED BYGIIARANTE) FOR THEYEAR￿lDED3X PIARCH 2023 B￿ldIng Purthase In 2019, Church tD U5p a Iwge prrwrkn of its wing5 to oyrtrfrjute to the purthase of an b3nk bullding in th& centrE H￿e5den. The bu1￿1￿9 is TrVfflEd try REUK a[￿, WEnovaivJ. i% io te u*J ès a 9xwI Impocr hub. It will provide olfices for REUK. CCH and Iwal No￿1$al￿5. and Ihe thurth alms to v5e thc buildiny fur ￿tI￿r attiv￿e$ Idudin9 thIldr￿'S prtsJps, tOmmUn￿ o¥ents and SufKlay Ik ÈB hoped thai CCH tse abk to Start U51ng The ghthOU￿ ItDrn early 2024. The Cha￿tI¥ Aa oThY the Cornp&n*5 Act reuulre the ODJrd of Tnjths tD r(epare si4twnents ￿ each finanual yèar whith give J and fair of the state of attairs thartty as at the end r*the finanrial y&4r and d the 5urpkn5 or dEfitit OF the tharty. In p￿parIng finandal statemertts the Board LS rtqfffjed to :. - SE￿ct accounting pol1cv￿5 and Ehén appty them Can￿SEen￿v,. . rnèke jud4ements and estwiièies that are afvj ￿￿t. and - wepare the financ￿1 *a*ments m the gtyrrtj bass unless ti 15 I￿pr￿or￿￿e to pre￿rne that tho charity wll cllnbnuE in bJsifiess. state applitaNe accountirffj standards and statemenis of recorNTreTrJgJ prwx*e ha¥e been lo1￿¥*@￿,.SUbjQtr to anv m4teftal disdosed and exp1ak4ed kn the fin￿03[ Statements,. The fru5tees are re5pun5ibk for ￿t￿intaining adequats tEcryd5 which ar an¥ tirne the positiDn of the chanty and"kn*itTh are sufficient tts ènd thÈ tharity's trènsathtsns and e￿ble them to ensure thaf the finanaal stat￿nentS comply with the C￿npaTh￿ and with regulabDn5 made uThJer the Chèrities Att. They are a*0 respwsible tr safe9￿3rding ttre 85%ers rf the thatity aTrd hen(E fllr t3￿n9 rpA5llnabk st8P5 fDT preventi￿￿ vFfrtud Notes
**INCOMING RESOURCES**
Donations and Legacies
2a
Charitable Activities
2b
Other Trading Activities
2c
Investments
2c
Other
2d
**TOTAL**
**RESOURCES EXPENDED**
**Expenditure on:**
Raising Funds
3a
Charitable Activities
3b
Other
3c
**TOTAL**
**NET INCOME/(EXPENDITURE) BEFORE**
**INVESTMENT GAINS/(LOSSES)**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
Extraordinary items
Transfers between funds
13
**Other recognised gains/(losses):**
Gains and losses on revaluation of fixed assets
for the charity's own use
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**Income and Endowments from:**|Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023/22
2022/21
£
£
£
£
£
58,906
0
29,434
88,340
69,233
123
0
0
123
2,346
0
0
0
0
0
18
0
0
18
4
0
0
0
0
0
**59,047**
**0**
**29,434**
**88,481**
**71,583**
0
0
0
0
0
40,445
0
29,277
69,722
64,715
3
0
0
3
0
**40,448**
**0**
**29,277**
**69,725**
**64,715**
**18,599**
**0**
**157**
**18,756**
**6,868**
**18,599**
**0**
**157**
**18,756**
**6,868**
0
0
0
0
0
(1)
0
1
0
0
0
0
0
0
0
**18,598**
**0**
**158**
**18,756**
**6,868**
142,349
0
392
142,741
135,873
**160,947**
**0**
**550**
**161,497**
**142,741**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 8 to 17 form part of these financial statements. 6 COMMiIMrrY CTrRIRCN IIAAiE5DEN (A CQMPAIIV inlfTED •YGUIMI•Tff) ASAT JI X113 31-Mar-22 Toial Fur Total Flxed Agsets Tangl￿e a55&ts 303 De￿or$ Cash & bank an¢ in io 9.382 6,713 16,095 23,276 Creditilrs.. atnounts ralling due V4tthin year 12 1313 113 2.426 1.368 w￿cURR￿￿ ASSETS 61.194 41,936 Secured Loan to chartty 10(a) IQQ ODD loo,000 iooooo TOTALASSEfs kn cu[r￿t liabl1t￿5 164*47 161.497 141741 Credltors: falling 4Jue [￿e year 16ffj947 161 97 14 741 Fundy olth¢ G￿n￿raj Fun Re5tnttEd Fund5 Designatoj FuThts 16Q,917 160.947 142,349 392 13 14 550 TOtsI 16Q,94? 550 IfjIAY7 141741 Dlrecror5' RespOn￿b[lItte%. The charftab￿ cornpany's financpl swemaits prÈParÈd the w0¥￿On5 abrlkable to companies sthjett to ihe small cowrdes wime. Tr* DirE¢iois con5idEY that the ¢)ynppny Is enritied to ety￿P￿￿n the tEquifErnEnt to friave an athit the prov&lons of 5ECtiun 477 of the CoThpan￿5 Att 2￿s I"Il* Acr) aTrJ M*m￿rS have ntst tÈouifEd the tsxnFany tD ￿taITr ar audlt for the Year In quesoon In Kc¢Yd8nce wlth secuoD 476 c¢ Att. Hgwvrfer. in ￿ance 145 rl the ChJnves Act 2011, the accounts have been by an Indepe[￿ent ExaminerW￿@ rEptwt apFe6r5 on X8. The thrfitor5 thBir reS￿nsIbl￿t* fty ￿Tth the the kt wth rYSPECt to accOUntir￿ rerords d the prepa￿￿0￿ (*fiD8Dual 5tst•nents. Approved by the Diteciots on the.. gned ￿ thelr behayby Otrth............. Print NamÈ= ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Basis of preparation:** The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102 Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. The charity has opted to prepare its accounts using natural categories. ## **Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period ## **Material prior period errors and changes to previous accounts** No material prior year errors have been identified in the reporting period. ## **1. ACCOUNTING POLICIES** The particular accounting policies adopted are set out below. ## **INCOME** ## _**Recognition of Income**_ These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the income; - it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability. ## _**Offsetting**_ There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. ## _**Grants and Donations**_ Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). ## _**Tax Reclaims on Donations and Gifts**_ Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. ## _**Gifts in Kind**_ Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. 8 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## _**Legacies**_ Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. ## _**Government Grants**_ The charity has not received any government grants in the reporting period. ## _**Donated goods**_ Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report. ## _**Income from interest, royalties and dividends**_ This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## _**Insurance claims**_ Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA. ## _**Income from membership subscriptions**_ Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 9 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Expenditure and liabilities** ## _**Liability Recognition**_ Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. ## _**Governance and Support Costs**_ Support costs represent the cost of central functions, for example governance costs, payroll administration, information technology. Governance costs are those support costs which relate to public accountability of the charity and its compliance with regulation and good practice. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. ## _**Employee benefits**_ Short term benefits including holiday pay are recognised as an expense in the period in which the service is received. ## _**Redundancy cost**_ The charity made no redundancy payments during the reporting period. ## _**Deferred income**_ No material item of deferred income has been included in the accounts. ## _**Creditors**_ The charity has creditors which are measured at settlement amounts less any trade discounts. ## _**Provisions for liabilities**_ A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. ## **Legal status of the charity** The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## _**Fixed Assets**_ These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over 5 years from the month they are purchased. ## _**Investments**_ Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. ## _**Stocks and work in progress**_ Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. ## _**Debtors**_ Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. 10 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** |**2. ANALYSIS OF INCOME**
**a) Donations and Legacies**
**b) Charitable Activities**
Church Weekend Away
Other Income
**c) Investments**
Bank and Other Interest
Gift Aid
Donations and gifts|Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2023/22
2022/21
£
£
£
£
£
50,073
0
23,767
73,840
58,394
8,833
0
5,667
14,500
10,839
**58,906**
**0**
**29,434**
**88,340**
**69,233**
0
0
0
0
2,344
123
0
0
123
2
**123**
**0**
**0**
**123**
**2,346**
18
0
0
18
4
**18**
**0**
**0**
**18**
**4**| |---|---| 11 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **3. ANALYSIS OF EXPENDITURE** ||Notes|Unrestricted|Unrestricted|Designated|Restricted|TOTAL
TOTAL| |---|---|---|---|---|---|---| ||||Funds|Funds|Funds|2023/22
2022/21| ||||£|£|£|£
£| |**a) Raising Funds**|||0||0
0|0
0| ||||**0**||**0**
**0**|**0**
**0**| |**b) Charitable Activities**
**Community Projects**||||||| |Charitable Giving|||8,802||0
300|9,102
15,895| |Church Weekend Away|||0||0
0|0
3,380| |Community Projects|||14,190||0
0|14,190
395| |Computer Costs|||0||0
0|0
18| |Creative Arts Funding|||0||0
0|0
5,000| |Depreciation of Fixed Assets|||502||0
0|502
643| |Grants|||0||0
28,627|28,627
16,865| |Hardship Fund|||1,913||0
350|2,263
1,911| |Hospitality/Events|||534||0
0|534
363| |Modular Contracts|||0||0
0|0
980| |Mission Partners|||8,300||0
0|8,300
3,500| |Pastoral Oversight|||1,600||0
0|1,600
910| |Rent (of Deskspace)|||0||0
0|0
300| |Speakers|||774||0
0|774
0| |Telephone|||142||0
0|142
228| |Training|||252||0
0|252
1,592| |Wages and Salaries *|6||655||0
0|655
7,994| |**Administration**||||||| |General Administration|||1,004||0
0|1,004
1,084| |Wages and Salaries|6||0||0
0|0
850| |**Governance**||||||| |Independent Examiners Fees|||1,080||0
0|1,080
960| |Legal and Professional Fees|||697||0
0|697
1,847| ||||**40,445**||**0**
**29,277**|**69,722**
**64,715**| |**c) Other**||||||| |Miscellaneous Expense|||3||0
0|3
0| ||||**3**||**0**
**0**|**3**
**0**| |**4. DETAILS OF CERTAIN TYPES OF EXPENDITURE**||||||| |Independent examiner’s fees||||||2023/22
2022/21
£
£
1,080
960| |Assurance services other than audit or independent||examination||||0
0| |Tax advisory fees||||||0
0| |Other fees (for example: financial advice, consultancy, accountancy services) paid to the||||||0
0| |independent examiner||||||| |||||||1,080
960| 12 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. GRANTMAKING** Analysis of grants paid (included in cost of charitable activities) **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2023/22|TOTAL|TOTAL| |Analysis|Grants to institutions|Grants to individuals|2023/22|2022/21| |£|£|£|£| |Refugee Education UK|9,000|0|9,000|9,000| |S Jupe (Youth with a Mission Norway)|0|4,763|4,763|4,762| |FER|12,713|0|12,713|12,315| |Total|21,713|4,763|26,476|26,077| |6. STAFF COSTS AND NUMBERS| |2023/22|2022/21| |£|£| |Gross Wages and Salaries|513|8,252| |Employer's National Insurance Costs|0|180| |Employer's Pension Contributions|26|412| |Adjustment for PAYE and NI offset by HMRC|116|0| |655|9,256| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system, and also contract staff invoice the charity for their services. In this financial year the amount invoiced by contract staff was £0 (2022/21: £980). The total amount paid to key management personnel (includes trustees and senior management) for their services to the charity was £539 (2021/20: £703). Employees who were engaged in each of the following activities: **----- Start of picture text -----**
|||| |---|---|---| |2023/22|2022/21| |TOTAL|TOTAL| |Activities in furtherance of organisation's objects|0|1| |Management and administration|1|1| **----- End of picture text -----**
## **7. PENSION SCHEME** The charity operates a government backed defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. The amount of employer contributions payable in the financial year end 31st March 2023 was £26 (31st March 2022: £412). The charity is under no further obligation to make any extra payments irrespective of how that pension fund performs. ## **8. TRUSTEES AND OTHER RELATED PARTIES** ## **Payment to Trustees** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Name of Trustee|Legal authority|Amounts paid or benefit value| |Remuneration Employer NI|TOTAL|TOTAL| |& Pension|2023/22|2022/21| |£|£|£|£| |E Hollow|Governing document|513|26|539|850| |513|26|539|850| **----- End of picture text -----**
In 2023/22 as shown in the table above, the charity has paid one trustee remuneration and employer pension contributions totalling £539 for their role as administrator and company secretary. In 2023/22 One Trustee was asked to forward a payment of £150 as an expression of thanks to her mother for a talk she had given to the Church on a Sunday. Her mother lives overseas, so payment was made to the Trustee to handle the onward payment. In 2023/22 One Trustee was reimbursed a total of £294 for purchases made on behalf of the charity (2022/21: One Trustee. £5) 13 ## **COMMUNITY CHURCH HARLESDEN (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **Donations from Trustees** Six Trustees donated an aggregate total of £17,292 to the charity during this financial year (2022/21: Five Trustees. £15,612). There was no Church Weekend Away in 2023/22. Therefore no Trustees contributed towards the cost in this financial year (2022/21): Five Trustees contributed £1,023 towards the cost of the Church Weekend Away). ## **Payments to Related Parties** The following related party transactions occurred: |**Refugee Education UK- charity number 1132509**||| |---|---|---| ||2023/22
2022/21|| ||£
£|| |Gifts|9,000
9,000|| |Donations via Hardship Fund|222
628|| |Rental of Deskspace|0
300|| ||9,222
9,928|| |**Name of Related Party**|**Related to**|**Relationship**| |D Hollow (Trustee of Refugee Education UK)|E Hollow (Trustee of Community Church Harlesden)|Spouse| |C Gladwell (CEO of Refugee Education UK)|E Hollow (Trustee of Community Church Harlesden)|Sister in law| |C Gladwell (CEO of Refugee Education UK)
**FER Production CIO- charity number 1190679**
Gifts|P Gladwell (Trustee of Community Church Harlesden)
2023/22
2022/21
£
£
12,713
16,100|Brother in law| ||12,713
16,100|| |**Name of Related Party**|**Related to**|**Relationship**| |D Hollow (Trustee of FER Production CIO)|E Hollow (Trustee of Community Church Harlesden)|Spouse| |C Gladwell (Trustee of FER Production CIO)|E Hollow (Trustee of Community Church Harlesden)|Sister in law| |C Gladwell (Trustee of FER Production CIO)
**John Keble School**
Gifts|P Gladwell (Trustee of Community Church Harlesden)
2023/22
2022/21
£
£
5,000
0|Brother in law| ||5,000
0|| |**Name of Related Party**|**Related to**|**Relationship**| |Pete Gladwell (Parent Governor of John Keble School)|P Gladwell (Trustee of Community Church Harlesden)|Brother| In financial year 2022/21 a payment of £120 was also made to related party D Hollow (spouse of Trustee E Hollow) for his attendance on behalf of Community Church Harlesden, at Forge (a group of churches in the South East). ## **Donations from Related Parties** In financial year 2023/22 one related party donated a total of £15,000 to Community Church Harlesden (2022/21: One Related Party £15,000). 14 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** |**9. TANGIBLE FIXED ASSETS**
EQUIPMENT
Cost
01-Apr-22
Additions
Cost at
31-Mar-23
Depreciation
01-Apr-22
Charge
Depreciation at
31-Mar-23
Net Book Value
31-Mar-23
Net Book Value
31-Mar-22
**10. DEBTORS AND PREPAYMENTS**
Tax Recoverable
Trade Debtors
Statutory HMRC Payments - Credit Balance Held
**10a). NON CURRENT ASSETS**
Secured Loans to other charities|Unrestricted
Restricted
TOTAL
£
£
2,512
0
2,512
0
0
0
2,512
0
2,512
1,707
0
1,707
502
0
502
2,209
0
2,209
**303**
**0**
**303**
805
0
805
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
8,833
5,667
14,500
21,960
348
1,046
1,394
0
201
0
201
316
**9,382**
**6,713**
**16,095**
**22,276**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
100,000
0
100,000
100,000
**100,000**
**0**
**100,000**
**100,000**| |---|---| In February 2020 Community Church Harlesden entered into a loan agreement with Refugee Education UK (formerly known as Refugee Support Network) registered charity number 1132509, whereby the charity loaned an amount of £100,000 to Refugee Education UK to assist with the purchase of new premises. There is a separate usage agreement between the two charities detailing how they intend to work in partnership to ensure effective usage of the building. Any loan repayment is subordinated to the first lender Charity Bank. The loan provided by Community Church Harlesden may only be repaid in accordance with permitted payments or with prior written consent of the first lender (Charity Bank), provided this consent is not granted before 20 years have lapsed The Secured loan is against the building situated at 60-62 High Street, London NW10 4LL. |**11. CASH AT BANK AND IN HAND**
Current Accounts
Savings Accounts
Independent Examiners Fees
Charitable Giving
Wages and Salaries
Pension Contributions
**12. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE**
**WITHIN ONE YEAR**|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
51,651
(6,050)
45,601
19,123
1,924
0
1,924
1,905
**53,575**
**(6,050)**
**47,525**
**21,028**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Mar-23**
**31-Mar-22**
£
£
**£**
**£**
1,080
0
1,080
960
1,233
113
1,346
212
0
0
0
152
0
0
0
44
**2,313**
**113**
**2,426**
**1,368**
| |---|---| 15 ## **COMMUNITY CHURCH HARLESDEN** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **13. RESTRICTED FUNDS** **----- Start of picture text -----**
CURRENT REPORTING PERIOD
Balance Balance
01-Apr-22 Income Expenditure Transfers 31-Mar-23
£ £ £ £ £
Disaster Relief and Disaster Appeals 0 300 300 0 0
Mission Partners 0 17,262 17,413 0 (151)
Hardship Fund 0 150 150 0 0
FER Production CIO 392 11,522 11,213 0 701
Gift Card 0 200 201 1 0
392 29,434 29,277 1 550
PREVIOUS REPORTING PERIOD
Balance Balance
01-Apr-21 Income Expenditure Transfers 31-Mar-22
£ £ £ £ £
Disaster Relief and Disaster Appeals 5 62 67 0 0
Mission Partners 0 4,763 4,763 0 0
Hardship Fund 1,908 0 1,911 3 0
FER Production CIO 700 11,794 12,102 0 392
2,613 16,619 18,843 3 392
**----- End of picture text -----**
**Moria Appeal:** Donation for Disaster Relief. ## **Disaster Appeal** : DEC Appeal India **Money Advice Project** : this is a project that has been running for about a decade, initially Harlesden Money Advice and now called Let's Talk Money. Two main services are offered: money advice workshops for local organisations; and money mentoring, helping individuals put together budgets, access other support etc. Further detail is provided in the Directors Annual Report. **Mission Partners:** Funds were received to financially support individuals involved in training others to advance the Christian Faith. **Hardship Fund:** this fund is used to help those in times of hardship. **FER Fund:** FER is an organisation that communicates Christian faith through contemporary artworks. It was started by two people within the church; it was decided to support it as a project through the stage before it gained charity status in July 2020 (charity number 1190679). **Gift Card Fund:** Members of the church hosted an individual from Ukraine who had moved to escape the war. She had been unable to bring any of her things with her at the time, so various individuals donated to give her a Giftcard so that she could purchase new items. ## The 2023/22 transfers represent: |Shortfall on restricted spending topped up from general funds
The 2022/21 transfers represent:
Shortfall on restricted spending topped up from general funds|£
1
1
£
3
3| |---|---| ## The restricted funds are represented by: |Cash at bank
Debtors - Gift Aid
Debtors - Other
Creditors - FER
Creditors - Vosses|31-Mar-23
31-Mar-22
Total
Total
£
£
(6,050)
(5,188)
5,667
5,792
1,046
0
0
0
(113)
(212)
550
392| |---|---| 16 ## **COMMUNITY CHURCH HARLESDEN (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **14. DESIGNATED FUNDS** The charity did not hold any designated funds during this or the previous financial year. ## **15. EVENTS AFTER THE END OF THE REPORTING PERIOD** No events have occurred after the end of the reporting period but before the accounts are authorised, which relate to conditions that arose after the end of the reporting period. ## **16. RISK ASSESSMENT** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **17. RESERVES POLICY** The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **18. PUBLIC BENEFIT** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. ## **19. CONTINGENT ASSET** As disclosed in note 10 of these accounts, Community Church Harlesden loaned Refugee Education UK (registered charity number 1132509) the sum of £100,000 in February 2020 towards purchasing a building which is to be used as a social impact hub, in conjunction with a usage agreement on how the two charities will make effective use of the building. The loan is repayable at the point of sale of the building. It was further agreed that the value of the loan will be adjusted in proportion to the sale price of the building. The building has not yet been revalued, therefore it is not possible to ascertain the potential future sale price and subsequent potential future value of the loan. The Trustees best estimate of the total value of the building at the date of signing these financial statements is £1,075,167. It is envisaged that a formal valuation will take place when the building is occupied and fully operational in early 2024. At that point it should be possible to calculate a more accurate estimate of the loan value attributable to Community Church Harlesden. 17 ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** I report to the trustees on my examination of the accounts of Community Church Harlesden for the year ended 31st March 2023. ## **Responsibilities and basis of report** As the charity’s trustees of the charitable company (who are also the directors of the company 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 charitable company are not required to be audited for this year 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 have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: - accounting records were not kept in accordance with section 386 of the Companies Act 2006; or - the accounts do not accord with such records; or - the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 - the accounts have not been prepared in accordance with the Charities SORP (FRS102). 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. Signed: > Date: 30th October 2023 Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF 18