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← Community Church Harlesden

2024-03-31-accounts

COMMUNITY CHURCH HARLESDEN

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

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 2024

CHARITY NUMBER 1121958 COMPANY REGISTRATION NUMBER 6370416 START OF FINANCIAL PERIOD 1 April 2023 END OF FINANCIAL PERIOD 31 March 2024 TRUSTEES THAT SERVED DURING THE YEAR Mr Paul Gladwell TO 31ST MARCH 2024 Mrs Charlotte Thackery (resigned 21 November 2023) (ALSO DIRECTORS UNDER COMPANY LAW) Mrs Elizabeth Hollow Mr Andrew Cooper Mr Andrew Hart Mr Albert Howard Mrs Sonakshi Anand COMPANY SECRETARY Mrs Elizabeth Hollow REGISTERED ADDRESS The Lighthouse 60-62 High Street London NW10 4LL 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 2024

Achievements and performance, and how expenditure supports key activities of the charity

CCH is home to approximately 50 people, with a high proportion being children and young adults. This year marked the first year the church was meeting in The Lighthouse building that CCH helped REUK to buy in 2019, with the renovations concluding in January 2024.

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. This structure has remained the same for several years, but with moving into The Lighthouse building, we expect to be able to kick-off regular worship evenings with the first scheduled for the summer 2024.

Mid-week small groups and prayer triplets continued this year, with the pastoral team seeking to find opportunities for new members to participate. These are an opportunity for church members to receive prayer and discipleship.

Community activities

The church continued giving to causes promoting its aims. This included grants to John Keble CE Primary 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 gave 16 grants from its Hardship Fund to support local people in acute financial need. These were mostly done alongside partner organisations.

A number of members of the church serve as governors of the local Church of England primary school, John Keble, where the majority of school-aged 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. The church also continues to support John Keble Church of England Primary School.

Members of the church have received and provided theological teaching at King’s School of Theology, and the church has given financial support to KST as it remains 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 continues to be in a good financial position. Income dropped a little, by 15%, but expenditures also dropped by around 13%. The church did not begin significant new activities this year, with many plans being held until The Lighthouse building opened in early 2024. We expect activity to pick up in 2024. The church grew its reserves a little this year, which continues to put it in a strong position to explore new activities in the building in 2024 and beyond.

The Trustees report a surplus of income over expenditure of £14,539 in this financial year compared to a surplus of £18,756 in the previous financial year. Total charity assets at 31st March 2024 were £176,036 of which £87 were represented by restricted funds. Free Reserves as represented by unrestricted net current assets were £75,949.

4

COMMUNITY CHURCH HARLESDEN (A COMPANY UMITED BY GUARANTEE) REPORT OF THE DIRECTORS

iFOR THE YEAR ENDED 31 MARCH 2024

Building Purchase

-

pick up old ones that were paused when the COVID-19 brought our midweek children's groups to a halt.

Tnis momerit i'las biggeted the start oi me interest-pa)ling pe;ioo for the ioan CCri p.-uvided to Ri:UK, offset a1,-..i nst !ISclge by CCH, which has worked as expected.

The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

The truste s are responsible for maintaining adequate accounting records which disdose with reasonable accuracy at any time the financial position of the chari[ty ] and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statem,ents comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also respon ible fur[safeguam] iflg the assets of the charity aoo henre fur taking reasoflable steps for the[p] revention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustees' report, and the responsibili[ty ] of the independent examiner in relatien tD 1.tle trosti:!eS' rt •s timited to -examini g tne -report ant! ensuring tt>at, -on 1.tle face of tne[report] , there are no Inconsistencies with the figures disclosed in the financial statements.

These accounts have been prepared in accordance with the provisions applicable to companies sub[j] ect to the small companies regime.

I approve the attached statement of financial activiti have made available al! mfor-mation n[ecessary ] far its '[P]

ce sheet for the year ended 31 March 2024, and confirm that I

Si[g] nature .....

PRINT NAME.' ....

5

COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2024

Incorporating income and expenditure account
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
2024/23
2023/22
£
£
£
£
£
58,303
0
12,562
70,865
88,340
3,959
0
0
3,959
123
0
0
0
0
0
36
0
0
36
18
0
0
0
0
0
62,298
0
12,562
74,860
88,481
0
0
0
0
0
46,042
0
14,275
60,317
69,722
4
0
0
4
3
46,046
0
14,275
60,321
69,725
16,252
0
(1,713)
14,539
18,756
0
0
0
0
0
16,252
0
(1,713)
14,539
18,756
0
0
0
0
0
(1,250)
0
1,250
0
0
0
0
0
0
0
15,002
0
(463)
14,539
18,756
160,947
0
550
161,497
142,741
175,949
0
87
176,036
161,497

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

commu￿ CHURCH HARLESDEN {A COMPANY UMrrED BY GUARANTEE) AS AT 31 MARCH 2024 Unre5trtLted Re5trfcted 31414Tr24 Funds Funds Tot•t 31￿￿￿23 Total ThThJlble atsets J03 Current Asgets Debtors Cash at bank and lft hand Tot•1 Curmht A•wts io li 10.215 1,392 9S5 437 11,6D7 16,095 12 2.426 NFf CURRENT ASSETS 75.949 87 76,036 61.194 Non Currettt A>Jets 10(a) Total I4￿ Curr•nt &•AMts loo 000 ToTAL￿Er$ less ljabllkfes 174036 161,497 Cyedltorn: amounts fallng due In more than one year 174036 161 Fund of the Chttrlty General Funds Restrtcied Funds Desrgnated Funds 175,949 17S,949 87 160,947 550 13 14 87 87 176 036 16XA97 The chèrltable company's ftnanclal statements have b••n prèpared In accordarKe wlth tho prO￿s1onS appllcable to compènle5 subject to the sfflall compan% reglme. se¢tlon 477 of the Companies Art 2006 (7he Art'l and rnembe￿ have not iequlred the CoM￿nY to obtaln an audit for the year In questyon In ac£ordance wlth sertlon 476 of the Att However, In a¢￿￿Jan￿ wlth 5ectSon 145 of the charl￿eS Att 2011, the The Direthrs acknowkdge thelr responslbilitles for complylng wlth the requ1￿ments of the Art wlth respect to a¢counilng rewrd5 aThJ the preparatlon of nnanclal ststements. i3liilwiLt Signed on thelr behalf by Dérector............ Vrfrnt Tlwnt..

COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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. Some minor changes have been made to the classification of prior year expenditure to ensure meaningful comparison with the current year. There is no effect on overall figures.

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;

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 2024

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 2024

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 2024

2. ANALYSIS OF INCOME
a) Donations and Legacies
b) Charitable Activities
Church Weekend Away
Other Income
c) Investments
Bank and Other Interest
Donations and Gifts
Gift Aid		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2024/23
2023/22
£
£
£
£
£
48,550
0
11,170
59,720
73,840
9,753
0
1,392
11,145
14,500
58,303
0
12,562
70,865
88,340
3,660
0
0
3,660
0
299
0
0
299
123
3,959
0
0
3,959
123
36
0
0
36
18
36
0
0
36
18

11

COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. ANALYSIS OF EXPENDITURE

Notes
a) Raising Funds
b) Charitable Activities
Community Projects
Charitable Giving:
Anti-Racism
Choir Gift
Disaster Relief
Environment
FER
John Keble School
Kings School of Theology
Refugee Education UK
Church Weekend Away
Community Projects
Creative Arts Funding
Depreciation of Fixed Assets
Grants
5
Hardship Fund
Hospitality/Events
Insurance
Mission Partners
Pastoral Oversight
Speakers
Telephone
Training
Administration
General Administration
Wages and Salaries
6
Governance
Independent Examiners Fees
Legal and Professional Fees
c) Other
Miscellaneous Expense		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2024/23
2023/22
£
£
£
£
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,000
500
0
0
500
0
2,400
0
0
2,400
602
0
0
0
0
1,000
0
0
0
0
1,500
6,000
0
6,250
12,250
5,000
6,000
0
0
6,000
5,000
9,000
0
0
9,000
9,000
6,693
0
0
6,693
0
0
0
0
0
120
1,500
0
0
1,500
0
303
0
0
303
502
0
0
6,825
6,825
28,627
2,779
0
0
2,779
2,333
1,027
0
0
1,027
534
527
0
0
527
607
3,600
0
1,200
4,800
8,300
1,680
0
0
1,680
1,600
427
0
0
427
774
0
0
0
0
142
552
0
0
552
252
739
0
0
739
1,004
1,043
0
0
1,043
655
1,170
0
0
1,170
1,080
102
0
0
102
90
46,042
0
14,275
60,317
69,722
4
0
0
4
3
4
0
0
4
3

4. DETAILS OF CERTAIN TYPES OF EXPENDITURE

Tax advisory fees
Assurance services other than audit or independent examination
Other fees (for example: financial advice, consultancy, accountancy services) paid to the
independent examiner
Independent examiner’s fees		 2024/23
2023/22
£
£
1,170
1,080
0
0
0
0
0
0
1,170
1,080

12

COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. GRANTMAKING

Analysis of grants paid (included in cost of charitable activities)

Analysis
Grants to institutions
£
S Jupe (Youth with a Mission Norway)
0
FER
1,513
Total
1,513
6. STAFF COSTS AND NUMBERS
Gross Wages and Salaries
Employer's National Insurance Costs
Employer's HMRC Allowance
Employer's Pension Contributions
Employer's Pension Contributions (for previous year)
Adjustment for PAYE and NI offset by HMRC
2024/23		 Grants to individuals
£
5,312
0
5,312
2024/23
2023/22
£
£
986
513
0
0
0
0
57
26
0
0
0
116
1,043
655		 TOTAL
TOTAL
2024/23
2023/22
£
£
5,312
17,413
1,513
11,214
6,825
28,627

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 (2023/22: £0).

The total amount paid to key management personnel (includes trustees and senior management) for their services to the charity was £1,043 (2023/22: £539).

Employees who were engaged in each of the following activities:

2024/23 2023/22 TOTAL TOTAL Management and administration 1 1

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 2024 was £57 (31st March 2023: £26). 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

Name of Trustee
E Hollow		 Legal authority
Governing document		 Remuneration Employer NI
TOTAL
TOTAL
& Pension
2024/23
2023/22
£
£
£
£
986
57
1,043
539
986
57
1,043
539
Amounts paid or benefit value

In 2024/23 as shown in the table above, the charity has paid one trustee remuneration and employer pension contributions totalling £1,043 for their role as administrator and company secretary.

In 2024/23 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 (2023/22: One Trustee £150)

In 2024/23 One Trustee was reimbursed a total of £170 for purchases made on behalf of the charity (2023/22: One Trustee. £294)

13

COMMUNITY CHURCH HARLESDEN (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Donations from Trustees

Three Trustees donated an aggregate total of £9,768 to the charity during this financial year (2023/22: Six Trustees. £17,292). There were no conditions attached to these donations.

Three Trustees contributed a total of £862 towards the cost of the Church Weekend Away in this financial year (2023/22: None).

Payments to Related Parties

The following related party transactions occurred:

Refugee Education UK - charity number 1132509

Gifts to Refugee Education UK
Donations via Hardship Fund to Refugee Education U
Name of Related Party
D Hollow (Trustee of Refugee Education UK)
C Gladwell (CEO of Refugee Education UK)
C Gladwell (CEO of Refugee Education UK)		 K


 2024/23
2023/22
£
£
9,000
9,000
889
222
9,889
9,222
Related to
Relationship
E Hollow (Trustee of Community Church Harlesden)
Spouse
E Hollow (Trustee of Community Church Harlesden)
Sister in law
P Gladwell (Trustee of Community Church Harlesden)
Brother in law

In February 2020 the charity also entered into a loan agreement with Refugee Education UK (charity number 1132509) , whereby Refugee Education UK borrowed an amount of £100,000 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. The loan is repayable at the point of sale of the property, however the lender is entitled to trigger a release clause after 17 years has elapsed that compels the borrower to repay the loan within 3 years. Any loan repayment is subordinated to the 1st lender Charity Bank.

FER Production CIO - charity number 1190679

Gifts to FER
Grants to FER
Name of Related Party
D Hollow (Trustee of FER Production CIO)
C Gladwell (Trustee of FER Production CIO)
C Gladwell (Trustee of FER Production CIO)
John Keble School
Gifts to John Keble School
Name of Related Party
Pete Gladwell
(Parent Governor of John Keble School)


2024/23
2023/22
£
£
0
1,500
1,513
11,213
1,513
12,713
Related to
Relationship
E Hollow (Trustee of Community Church Harlesden)
Spouse
E Hollow (Trustee of Community Church Harlesden)
Sister in law
P Gladwell (Trustee of Community Church Harlesden)
Brother in law
2024/23
2023/22
£
£
12,250
5,000
12,250
5,000
Related to
Relationship
P Gladwell (Trustee of Community Church Harlesden)
Brother

Other Related Parties

The Church supports the costs of spiritual retreat to benefit the development of the person who attends and support the ongoing links with other churches they are linked with. In 2024/23 D Hollow (spouse of Trustee E Hollow) attended retreat. The amount paid by the Church towards these costs was £178.

Donations from Related Parties

In financial year 2024/23 five related parties to Trustees (spouse or sibling) donated a total of £22,522 to Community Church Harlesden (2023/22: 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 2024

9. TANGIBLE FIXED ASSETS
EQUIPMENT
Cost
01-Apr-23
Additions
Cost at
31-Mar-24
Depreciation
01-Apr-23
Charge
Depreciation at
31-Mar-24
Net Book Value
31-Mar-24
Net Book Value
31-Mar-23
10. DEBTORS AND PREPAYMENTS
Tax Recoverable
Trade Debtors
Statutory HMRC Payments - Credit Balance Held
Prepayments
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
2,209
0
2,209
303
0
303
2,512
0
2,512
0
0
0
303
0
303
Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
9,753
1,392
11,145
14,500
324
0
324
1,394
0
0
0
201
138
0
138
0
10,215
1,392
11,607
16,095
Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
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-24
31-Mar-23
£
£
£
£
65,002
(955)
64,047
45,601
1,960
0
1,960
1,924
66,962
(955)
66,007
47,525
Unrestricted
Restricted
Total
Total
Fund
Fund
31-Mar-24
31-Mar-23
£
£
£
£
1,170
0
1,170
1,080
0
350
350
1,346
53
0
53
0
5
0
5
0
1,228
350
1,578
2,426

15

COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. RESTRICTED FUNDS

----- Start of picture text -----
CURRENT REPORTING PERIOD
Balance Balance
01-Apr-23 Income Expenditure Transfers 31-Mar-24
£ £ £ £ £
Disaster Relief and Disaster Appeals 0 1,287 1,200 0 87
Mission Partners (151) 5,463 5,312 0 0
Hardship Fund 0 0 0 0 0
FER Production CIO 701 812 1,513 0 0
Children's Work 0 5,000 6,250 1,250 0
550 12,562 14,275 1,250 87
PREVIOUS 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
392 29,234 29,076 0 550
----- End of picture text -----

Disaster Relief and Disaster Appeal : for supporting disaster relief projects

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 a charity (number 1190679) that communicates Christian faith through contemporary artworks. It was started by two people within the church.

Children's Work Fund: represents money given through the church to support additional therapy support for children at John Keble School.

The 2024/23 transfers represent:

£ Shortfall on restricted spending topped up from general funds 1,250 1,250 The 2023/22 transfers represent: £ Shortfall on restricted spending topped up from general funds - -

The restricted funds are represented by:

Cash at bank
Debtors - Gift Aid
Debtors - Other
Creditors - Vosses		 31-Mar-24
31-Mar-23
Total
Total
£
£
(955)
(6,050)
1,392
5,667
0
1,046
(350)
(113)
87
550

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COMMUNITY CHURCH HARLESDEN

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 with certainty 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. The building first became occupied and operational in the first quarter of 2024, and it is envisaged that a formal valuation will take place within the coming months. At that point it should be possible to calculate a more accurate estimate of the loan value attributable to Community Church Harlesden.

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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 2024.

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:

Signed: J Irvinesmith FCIE

Date: 16 December 2024

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

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