ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
COMPANY REGISTRATION No: 06591864 CHARITY REGISTRATION No: 1124965
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
1
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
CONTENTS
| Page 3 | Legal & Administrative Information |
|---|---|
| Pages 4 to 7 | Report of the Directors |
| Page 8 | Independent Examiner's Report |
| Page 9 | Statement of Financial Activities |
| Page 10 | Balance Sheet |
| Pages 11 to 16 | Notes to the Financial Statements |
2
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1124965 COMPANY REGISTRATION NUMBER 06591864 DATE OF INCORPORATION 13th May 2008 START OF FINANCIAL YEAR 1st September 2023 END OF FINANCIAL YEAR 31st August 2024 DIRECTORS AT 31ST AUGUST 2024 J. Quintanilla (Chair) J.Hien N Parkinson (resigned April 2024) L Harris (joined April 2024) COMPANY SECRETARY S. Quintanilla
GOVERNING DOCUMENT Memorandum and Articles of Association incorporated 13th May 2008 as amended by special resolution dated 20th June 2008.
OBJECTS
A) To advance the Christian Faith in accordance with the statement of beliefs in the schedule to the articles hereto attached in such ways and in such parts of the West Midlands, the United Kingdom or the world as the trustees from time to time may think fit.
B) Such other charitable purposes as the trustees shall decide.
REGISTERED ADDRESS 15 Primrose Drive Bedworth Coventry Warwickshire CV12 0GL BANKERS CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ INDEPENDENT EXAMINER K Gomes Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF
3
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST AUGUST 2024
The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report for the year ended 31 August 2024.
Structure, Governance and Management
a) Governing Document
The organisation is a charitable company limited by guarantee, incorporated on 13[th] May 2008 and registered as a charity on 14[th] July 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
b) Appointment of Trustees
The directors of the company are also the Trustees for the purposes of Charity Law. Trustees are appointed by resolution of existing trustee body, upon the Senior Pastor’s approval.
c) Trustee Training
All Trustees given Training Manual, and Trustees & Administrators Toolkit produced by Independent Examiners. Additionally Trustees completed online training during lockdown.
d) Risk Management
The Trustees periodically review risk concerning Health and Safety procedures during Sunday Services including children's work, appropriate Public Liability Insurance and DBS screening for those working with children to ensure they meet the needs of the charity. The charity is a member of the Churches Child Protection Advisory Service and operates within their policies and guidelines. The Charity hires professional Fire Services and a weekly fire check of alarms and emergency lighting is carried out in addition to an annual audit by the Fire Services Contractors. A monthly inspection is also undertaken by the ‘in-house’ Fire Wardens. Processes have been put in place to ensure compliance with GDPR.
e) Organisational Structure
The Trustees provide strategic and visionary leadership to the organisation. All the Trustees are familiar with the charity’s organisation and operations. Rev John Quintanilla oversees the day to day running of the charity and a Leadership Team that manages volunteers to ensure the effective discharge of responsibilities. The Leadership Team usually meets every month or two. He networks with other similar charitable organisations in both Coventry and the UK.
Objectives and Activities
The company’s objects and principle activities are to:
i) Advance the Christian faith in accordance with the Statement of Faith of the charity.
ii) Other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.
Strategies for Achieving Objectives
Sunday Services (including Children’s Church) Bible College, Mid-Week meetings and special events, Small Groups, Men’s/Women’s Ministry, Evangelism Outreach Programme, Youth Meetings, Foodbank, Media, Bookshop.
4
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST AUGUST 2024
Achievements
Hebron Christian Faith Church
We purchased the building that we have been leasing for the past 10+ years and began renovations in the spring. The first phase included the entrance, the toilets, the kitchen and the installation of a lift.
This year has seen a steady increase in attendance. We now average approximately 230 weekly.
We held men’s and women’s meetings throughout the year which are always successful and well attended.
Our children’s church is also growing and we have increased the number of helpers. We also began Revive Kids, a twice yearly event held on a Saturday morning. Weekly youth meetings continue on Friday’s for those over the age of 12. These are well attended and numbers are continuing to increase. They attended a conference together with hundreds of other young people in Manchester.
The Young Adults group continues to meet on a monthly basis.
We always encourage people to get involved in the various service teams we have within the church. This gives people the opportunity to get to know one another whilst undertaking some type of service in the church.
Once again at Christmas, we distributed around 140 toiletry hampers to 5 local old age homes in the community. The church now holds monthly services for the old people in two of these homes.
We continue to build up our Community Fund which exists to financially support selected needs within the Community.
The church continues to broadcast the Sunday services on the Faith UK television network twice weekly.
Nigel Parkinson stepped down from the board of trustees in April 2024 and Laurence Harris has joined. Laurence has undertaken a three hour trustee training course.
The charity continues to financially support a number of other Christian charities and missions, including:
| Metro World Child | Open Doors |
|---|---|
| Christians United for Israel | Jesus Alive Ministries/Life Outreach |
| Joseph Storehouse | Hope for Israel |
| United Christian Broadcasters | Christian Concern |
| Christian Institute | British Pakistani Christian Association |
| Foodbank | Mark Hankins Ministries |
| Kenneth Copeland Ministries | World Compassion |
The charity acknowledges the faithful contributions of numerous volunteers in various arms of the church ministries – overseers, children's and youth workers, deacons, ushers, musicians, sound engineers, cleaners, mini-bus drivers, media, hospitality. They are crucial to the successful and effective running of the charity.
Coventry Bible College
The Bible College continues to maintain good numbers. To date we have around 50 students in attendance from Coventry and the surrounding areas representing at least 16 different churches.
We have two student intakes annually, one in March and a second in September. The college operates on a part time basis as this makes learning more accessible to people from a wide variety of churches across the Midlands and beyond.
The curriculum for both levels is set and each run on a two year rolling basis which enables new students to slot in at any point with ease. We have increased our team of U.K based lecturers again this year.
We have had several guest lecturers join us throughout this year from various parts of the world bringing their specific field of expertise .
We held our Coventry Bible College Graduation this summer which saw many of our Level 1 and Level 2 students graduate.
5
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST AUGUST 2024
Financial Review
The principle source of funding of the charity is from the contributions of its members who support its objectives in the form of tithes and offerings.
Reserves
There is no reserves policy in place at this time as all income is put towards developing the ministry. However the trustees regularly review the finances of the ministry and agree that the minimum level of reserves aimed for should be the equivalent of three months fixed costs.
Future Plans
Hebron Christian Faith Church
We envisage continued, steady growth in the church as we continue to become more established in the community with more people becoming aware of our presence here.
We plan to complete the second phase of renovations to the building. The electrics need some attention and we are going to enclose the auditorium and create a larger café/welcome area.
We also plan to design a studio to record interviews and discussions for our TV programme in addition to the broadcasting of our Sunday Services.
We are looking to start Sunday evening services on a monthly basis to begin with.
The charity will continue to financially support various Christian Ministries with similar objectives. We are seeking out additional ways to be a benefit to our local community and are planning to create a goodwill fund for activities within the community. We will also continue with the Christmas project to old age homes given the success of each year.
Outreach into the City Centre is planned for Easter, again we are reliant upon permission from the city council. We plan to take the worship team and do some drama.
Coventry Bible College
A number of the Level 1 and Level 2 students will graduate in July with the remainder continuing the second part of their respective courses. New students will be joining in both September and February of this coming year.
We will continue to do periodic Facebook Ad and Google Ad Campaigns to raise awareness of the Bible College this coming year which, along with word of mouth, will assist in the growth of CBC.
We will continue to aim to bring in top quality lecturers within their own respective fields to teach the students from across this nation and nations further afield.
6
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST AUGUST 2024 Statement of Dir¢ctor5' Responsibilities: The Charities Act and the Companies Art require the Board of Trustees to prepare financial statements for each financial year which give a true alld fair view of the state of affairs of the charity as at the end of the financial year and of the surplu5 or deficit of the charity. In prepartng those financial statetnents the Board is required to select suitable accounting policies and then apply them consistentlys b) make judgements and estlmates that are reasonable anij prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charlty wlll contlnue in business; d) state whether applicable accounting standards and statements of recommended practi have been followed subjett to any material departures disclosed and explained in the f1nan¢ial ststements. The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any tlme the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial staternents comply with the Companies Att 2006 and comply w(th glatIonS made under the Charities Act. They are also spOnsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. The Dlrectors a a150 responsible for the contents of the Director5, port, and the SponsIbl11ty trf the independent examiner In relation to the Directors. report is limited to examinin9 the report and en5urifjg that on the face of the report. there are no inconsistencies with the figures disclosed in the financial statements. These accounts have been prepared In accordance wlth the provlslons applScable to companles subject to the Small companies regime. l approve the attached statement of financial activStles and balan sheet for the year ended 31st August 2024 and confirm that J have made available all information necessary for its pparatIOn. Appmved by the D1CtOrS on the ...... Signed on their behalf by Direttor........ Printed Name.. Mr J. Quintanilla
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31st August 2024 set out on pages 9 to 16.
Respective responsibilities of trustees and examiner
As the charity’s Trustees of Hebron Christian Faith Ministries (and also its directors 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 Hebron Christian Faith Ministries 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
Since Hebron Christian Faith Ministries gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, 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:
-
accounting records were not kept in respect of Hebron Christian Faith Ministries as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Date : 21.5.25
Signed :
K Gomes FCIE MAAT Independent Examiners Ltd Unit 2, The Broadfields Business Centre Delling Lane Bosham West Sussex PO18 8NF
8
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024
(Incorporating Income and Expenditure Account)
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations & Legacies 3a Investment Income 3b Activities for Generating Funds 3c Charitable Activities 3d Other Incoming Resources 3e TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable Activities 4a Governance Costs 4b TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES Transfer between funds Balance Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 329,707 17,260 346,967 334,243 377 - 377 807 245 16,645 16,890 20,112 73,475 - 73,475 77,846 1,489 - 1,489 1,096 |
|---|---|
| 405,293 33,905 439,198 434,105 |
|
| 378,292 - 378,292 331,690 3,655 - 3,655 3,520 |
|
| 381,947 - 381,947 335,209 |
|
| 23,346 33,905 57,251 98,896 89,127 (89,127) 427,064 55,222 482,286 383,391 |
|
| 539,537 - 539,537 482,286 |
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 11 to 16 form part of these financial statements.
9
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARAhlTEE) BALANCE SHEET FOR THE YEAR ENDED 31ST AUGUST 2024 Unrestricted Funds Restricted Funds 31-Aug-24 31-Aug-23 Total Total P4ote FSxed Assets Tan9ible Assets 1,160,070 1,160,070 Current Assets Debtors & Prepayments Cash at Bank and in Hand 9,248 73,329 9,248 73,329 23,486 462,725 Total Current Assets 82.577 82.577 486 210 reditors: amounts falling due wlthln one year Nrf CURRENT ASSETS 3,110 3,110 3,924 79,467 79,467 482,286 TOTAL ASSETS less current liabSlltles 1,239,537 1,239,537 482.286 Credors. amounts falling due in more than one year io 700,000 700,000 NET ASSETS 539.537 539.537 482,286 Funds of the Charity General Funds Restricted Funds 539,537 539,537 427,064 55,222 Totsl Funds 539.537 539,537 482.286 Directors. Responsibilities: The directors are satisfied that for the year ended on 31st August 2024 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no mernber or members have quIred the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Art. However, in accordance with section 145 of the Charities Act 2011, the accounts have been exèmlned by an Independent Examiner whose report appears on page 16. The directors acknowledge their responsibility ft>r complying with the requirements of the Companies Act 2006 with respect to accounting records anil the preparation of account5. The accounts have been prepared in accordance wlth the provision5 in Part 15 of the Companies Art 2006 applicable to companies subject to the small companies reglme and in accordantr with the Financial Reporting Standard for Smaller Entities (effective April 20081. The directors acknowledge their responslblllty for ensuring that the company keeps proper accountlng records whlch comply with section 386 of the Art and for preparing financial statements whlch glve a true and fair view of the State of affairs of the company as at the end of the financial year and tf its profit and loss for the financlal year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 latig to accounts, so far as applicable to the Company. Approved by the D1CtorS on the Ssgned on their behalf by Dirertor ..... . Printed Name: Mr J. Quintanilla io
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the Directors are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.
Investment Income
This is included in the accounts when receivable.
11
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES (Continued)
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.
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.
Changes in Accounting Policies and Previous Accounts
There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the charity on receipt.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value.
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:
Equipment, Fixtures and Fittings 25% - Reducing Balance Basis Motor Vehicles 25% - Straight Line Basis
| 2. TANGIBLE FIXED ASSETS Cost 01-Sep-23 Additions Cost at 31-Aug-24 Depreciation 01-Sep-23 Charge Depreciation at 31-Aug-24 Net Book Value 31-Aug-24 Net Book Value 31-Aug-23 |
Equipment Building & Fixture & Motor 2023/24 Renovations Fittings Vehicles Total £ £ £ - 4,974 8,300 13,274 1,146,192 18,504 - 1,164,696 |
|---|---|
| 1,146,192 23,478 8,300 1,177,970 |
|
| - 4,974 8,300 13,274 - 4,626 - 4,626 |
|
| - 9,600 8,300 17,900 |
|
| 1,146,192 13,878 - 1,160,070 |
|
| - - - - |
The purchase price of the Building was £750,000 November 2023 and renovation costs of £396,192.
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2023 : Arval Vehicle Partners £5,495
12
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
3. INCOMING RESOURCES
| a) Donations & Legacies Gifts, Tithes & Offerings Gift Aid Grants b) Investment Income Interest c) Activities for Generating Funds Property Income Café Income d) Charitable Activities Activities & Events Coventry Bible College e) Other Incoming Resources Books & Publications |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 274,190 11,630 285,820 274,003 55,517 2,980 58,497 60,239 - 2,650 2,650 - |
|---|---|
| 329,707 17,260 346,967 334,243 |
|
| 377 - 377 807 |
|
| 377 - 377 807 |
|
| - 16,645 16,645 19,642 245 - 245 470 |
|
| 245 16,645 16,890 20,112 |
|
| 44,227 - 44,227 51,856 29,248 - 29,248 25,990 |
|
| 73,475 - 73,475 77,846 |
|
| 1,489 - 1,489 1,096 |
|
| 1,489 - 1,489 1,096 |
13
HEBRON CHRISTIAN FAITH MINISTRIES (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
4. RESOURCES EXPENDED
| a) Charitable Activities Note Advertising & Publicity Books & Publications Building Costs Café Expenses Charitable Missions Media Children's Church Conference Costs Depreciation Expenses Equipment Costs Evangelism Costs Graduate Expenses GSF Costs Hearing of Faith TV Helps Appreciation Event Homegroups Hospitality Costs Insurance Costs Ladies Ministry Legal Fees Licenses & Subscriptions Ministry Costs Mortgage Costs Motor Leasing Costs Motor Vehicle Costs Office Costs Pastoral Services Refunds & Reimbursements Rent & Rates Salaries & N.I 10 Service Charges Sunday Services Sundry Expenses Teaching & Training Costs Telephone Travel & Subsistence Utility Costs Worship Team b) Governance Costs Bank Charges Trustees Expenses Independent Examiners Fee |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023/24 2022/23 £ £ £ £ 932 - 932 226 2,282 - 2,282 5,543 13,589 - 13,589 13,328 1,380 - 1,380 674 64,528 - 64,528 62,643 286 - 286 - 973 - 973 529 5,699 - 5,699 9,459 4,626 - 4,626 - - - - 2,568 22 - 22 360 682 - 682 700 2,052 - 2,052 2,387 10,905 - 10,905 11,369 3,738 - 3,738 3,382 - - - 25 1,262 - 1,262 1,716 11,202 - 11,202 11,576 468 - 468 1,005 7,792 - 7,792 1,224 1,953 - 1,953 1,367 916 - 916 963 41,576 - 41,576 - 9,850 - 9,850 5,496 7,987 - 7,987 3,580 4,228 4,228 3,483 2,270 - 2,270 2,022 1,045 - 1,045 2,150 50,397 - 50,397 86,665 76,340 - 76,340 54,237 15,332 - 15,332 15,332 3,508 - 3,508 3,031 3,246 - 3,246 4,920 7,338 - 7,338 6,320 449 - 449 335 1,603 - 1,603 893 15,995 - 15,995 9,733 1,734 - 1,734 2,448 |
|---|---|
| 378,292 - 378,292 331,690 |
|
| 2,036 - 2,036 2,053 119 - 119 116 1,500 - 1,500 1,350 |
|
| 3,655 - 3,655 3,520 |
14
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
5. RESTRICTED FUNDS
| 5. RESTRICTED FUNDS | |
|---|---|
| Current year Building Fund Prior year Building Fund |
Balance Balance 01-Sep-23 Income Expenditure Transfers 31-Aug-24 55,222 33,905 - 89,127 - - |
| 55,222 33,905 - 89,127 - - |
|
| Balance Balance 01-Sep-22 Income Expenditure Transfers 31-Aug-23 48,908 19,642 13,328 55,222 |
|
| 48,908 19,642 13,328 - 55,222 |
A building was purchased in November 2023 which was partly funded through donations and partly by a bank loan. The terms of these donations were met once the asset had been acquired, therefore allowing the charity to use the asset on an unrestricted basis for any charitable purpose.
The restricted funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.
6. CASH AT BANK AND IN HAND
| Cash at Bank and in Hand 7. DEBTORS AND PREPAYMENTS Gift Aid |
Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 73,329 - 73,329 462,725 |
|---|---|
| 73,329 - 73,329 462,725 |
|
| Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 9,248 - 9,248 23,486 |
|
| 9,248 - 9,248 23,486 |
8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals Creditors |
Unrestricted Restricted Total Total Fund Fund 31-Aug-24 31-Aug-23 £ £ £ £ 1,500 - 1,500 1,350 1,610 - 1,610 2,574 |
|---|---|
| 3,110 - 3,110 3,924 |
15
HEBRON CHRISTIAN FAITH MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2024
| 9. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR Mortgage - Interest only payments over 30 years. |
TOTAL 2023/24 £ |
|---|---|
| 700,000 |
10. STAFF COSTS AND NUMBERS
| 2023/24 £ Gross Wages and Salaries 64,507 Employer's National Insurance Costs 5,393 Pension Contributions 6,440 76,340 Employees who were engaged in each of the following activities: 2023/24 TOTAL Management & Administration 4 |
2022/23 £ 48,711 - 5,526 |
|---|---|
| 54,237 | |
| 2022/23 TOTAL 4 |
11. DIRECTORS AND OTHER RELATED PARTIES
During the financial year Trustees Mr John Quintanilla received £18,391(£14,402 22/23) in salary related payments and £3000 in Pension Contributions in his capacity as pastor of Hebron Christian Faith Church in furthering the Charity's objects.
During the financial year Mrs Sally Quintanilla (Spouse to Trustee Mr John Quintanilla) received £10,176(£11,181 22/23) in salary related payments and £864 in pension contributions in her capacity as administrator in further the Charity's objects. Joshua Quintanilla (son to Trustee Mr John Quintanilla) works for the ministry and received £19,341 (£15,577 22/23) in salary related payments and £1766 in pension contributions this year.
No other payments were made to directors or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
12. 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.
16