## **Harringay United Church Baptist** **Church Charity No. 1131950** **Trustees' Report and Unaudited Accounts** **31 March 2023** Harringay United Church Baptist CONTENTS Pages Truslees, Annual Report Independent Examiner's Report statement of Financial Aclivities 10 Balance Sheet 11 Notes to the Accounts Page 1 **Harringay United Church Baptist** ## **TRUSTEE’S ANNUAL REPORT** The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023. They have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** The principal objective of the church is the advancement of Christian faith according to the principles of the Baptist denomination. In furtherance of this the Church may arrange public and other meetings of worship, praise, evangelism, teaching, study, encouragement and prayer. In adherence to its objectives, the Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world. ## **Public Benefit** The trustees have referred to the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning its future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives of the Charity. ## **Charitable Activities** In fulfilling the purpose the Church engaged in a range of Activities either on its own or with others that varies from time to time with Activities being initiated, expanded, or closed, as appropriate. The Leadership has reviewed the year so far to see where we are now as a church family and share future plans as we continue to seek GOD’s face for the way forward for our communities, our families, and our church. During the year, at the Women’s Fellowship meetings, held every first Saturday of the month, the women of HUCB discussed women’s issues and women whose stories are told in the Old and New Testament. The women ensured they had a fun time amongst them while learning a lot about the Bible’s women at the same time. The women were encouraged to overcome their cultural limitations or obstacles and to embrace and play their own part in the things of God. The women had their annual anniversary in July 2022 where they had the opportunity to give thanks and express gratitude to God for all He has done in their lives all through the year; the celebrations that followed was a joyous occasion. Similarly, the men also met monthly where they discussed issues concerning men and their role not only in the church but also in their individual homes. They had a wonderful anniversary celebration as well. We had weekly online meetings comprising of our Prayer meetings and Bible Studies; these continued throughout the year. Although there were small numbers logging in to our Bible study, we learned a lot as we studied God’s word. During office hours, people from our community dropped by for a chat and prayer and we ministered to several people who do not normally worship with us during our onsite meeting time mostly on Sundays. We had three funerals during the year to say, “goodbye”. For one of them although the Service of Songs was held in HUCB, the funeral was not conducted in HUCB. Page 2 ## **Harringay United Church Baptist** We had five people welcomed into the membership, which was such a blessing to our church. From October, we introduced new programmes for our Sunday services. We started with our “Prayer, Communion and Anointing” service which is held during the last Saturday of the month. This encouraged members to come together to pray and seek spiritual solutions to any challenges they may be going through. Many have said of this programme to be awe inspiring and beneficial to them in their faith in God who is able to meet them at their various points of need. In November, we introduced another monthly programme entitled “why I am a Christian.” This programme seeks to challenge members to reflect on why we are Christians, to share our experiences with others in order to encourage hearers on the reasons why we strongly believe and have faith in God. This has been well received by church members. Many are coming forward to share their experiences on why they are convinced of their faith. We pray that this programme continues to build people up in their faith. We are happy that we are making connections to our local community. In December 2022, the church was invited to participate in the local council’s “Carols in the Community” event in front of our local pub “Salisbury pub”. This was part of the Council’s annual event of switching on the Christmas lights in Green Lanes. This was well attended by the community. Members of the church music team and church members turned up in good numbers and sang beautiful traditional festive carols. It was a wonderful evening, and a lovely way to reach out to our community. We were notified by Council representative afterwards that we will be required to do same again in December 2023. We are happy that our Local Community Safety Partnership (LCSP) continue to use our building facilities for their regular community meetings with invitation to the local council and Police on a regular basis to discuss how to improve safety of our community. ## **Local Mission Activities** ## **Highway of Holiness Homeless Project** This is one of the projects that give assistance to the homeless in our community that we have been giving ongoing support for the work they do. ## **International Mission Activities** We support other Christian and Charitable causes both within and outside UK. The organisations to be supported are decided during our Annual General Meeting (AGM). ## **Baptist Association and Union/ Wider Church Network** The Church continues to be part of London Baptist (formerly known as London Baptist Association) and the Baptist Union of Great Britain and we support them financially, prayerfully and in human resources by releasing our members to minister and serve the association and other churches that have no minister. We are also part of the Evangelical Alliance. ## **Building Extension/Repairs** We did some electrical works and refurbishment work to some of our facilities, for example our baptistery. Our Estate agent, Brian Thomas, has continued to manage the 115 Allison Road property very well and the property is giving the Church good returns. The Church continues to allow Eagle Nursery Ltd to operate a nursery school on Church premises and people in the community are benefiting because of this and it also brings in income to the Church. Page 3 **Harringay United Church Baptist Investment Policy** We continue to follow up our investments guided by the policy that ensures that we do not put the Church’s money at risk and monitor that we do not invest un-ethically. A copy of this policy is available for viewing, should anyone be interested to have a read. ## **Risk Management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. These duties are taken seriously. Having regard to the scale and nature of the Church’s operations, there are systems of controls to ensure that the operations are effective and working appropriately: 1. All volunteers are required to undergo a Disclosure and Barring Screening (DBS) checks. This is to ensure protection of children and vulnerable members. 2. The Church has its own Health and Safety policy which is readily available to all the trustees and volunteers of the charity. 3. The Church’s Child Protection Policy is made available to all volunteers working with children and is available to any interested party within the organisation. All workers, voluntary and paid have had training and their DBS checks are up to date with some coming up for renewals soon. 4. The Disability Discrimination Act Policy is available to all volunteers on how to relate to disabled members and interested party within the organisation. ## **Volunteers** During the year, all team leaders and trustees except the pastor of the Church continued to give their services on a voluntary basis towards achieving the objectives of the Church. The Church is grateful for the sacrificial contribution of time and effort from all volunteers. Training has also been provided for awareness of autism to the Sunday school teachers and the trustees, officers and other volunteers who are not elected officers of the Church. ## **Investment performance** Our savings account with the London Baptist Property Board [LBPB] has continued to grow steadily. ## **Reserves Policy** The Charities Commission recommend that all Charities should maintain reserves to meet potential liabilities and to cover fluctuations in income. In complying with this recommendation, the trustees have set up reserve funds as shown in the accounts. Other reserves of the organisation are unrestricted. It is the policy of the charity to retain unrestricted funds at a level, which equates to approximately 3 months of its committed expenditure. This provides sufficient funds to cover the organisation's regular overheads in its various branches, and to meet other committed ministry gifts. The remainder of the reserves is expended on the objectives of the organisation. Page 4 **Harringay United Church Baptist Principal Funding Sources of the Ministry** The principal funding source remains the general offerings and donations of members to whom the trustees are very thankful for their generosity. Many of these donors are on the gift aid scheme which enables the Church Treasurer to recover some tax rebate. The other source of income are the donations to the “future ministry funds” introduced after commencement of my ministry here specifically to enable the Church easily fund ongoing maintenance and remedial works that keeps Church premises and buildings in a good standard. We also receive income from renting out the Church owned flats and hall. ## **Plans for developments for the year 2024** We want to continue the process of renovating our premises. We have identified areas where remedial work is needed to continue to modernise and bring our property to modern standards. To this extent we want to refurbish our church hall and make it available for hire by individuals and other organisations. We want to deepen our evangelism work by holding more seminars. We will be inviting outside speakers and trainers to facilitate this. We want to introduce new programmes that will help the spiritual health of our congregation. We want to do all these in the power and strength of our Lord and Saviour, Jesus Christ. We continue to pray for God’s leading and guidance as we continue the work on the affairs of His people and His Church under my ministry at HUCB. May His blessings rest on us all. Page 5 **Harringay United Church Baptist** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** The charity is governed by the constitution adopted on 16 August 2009 as amended on 30 July 2017 and constitutes an unincorporated charity. ## **Appointment and Removal of Trustees** The Church members’ appoint Charity Trustees to be responsible for the governance of the Church and where there is a Minister would be a Charity Trustee because of their role and responsibilities. Subject to any specific or general directions of the Church Members’ Meeting and the provisions of the Constitution the control, management and administration of the Church is carried out by the Charity Trustees, save that the Charity Trustees are not required to do anything that would cause them to be in breach of the Constitution or any trustee duty placed upon them as a result of this role. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1131950** ## **Registered Office** Hammond House, London, N8 0RG ## **Trustees** The following Trustees, served during the year: Rev Frederick Onwuchekwa Mr Kayode Taiwo Ojuri Ms Nneka Keazor Mr Deighton Komora Mr Franck Behi Miss Monique Mckenzie ## **Accountants** Vicom Accountancy Services Ltd 128 City Road London EC1V 2NX Page 6 Harringay United Church Baptist STATEMENT OF TRUSTEES, RESPONS181LITIES The charity trustees aTe responsible for preparing a Iruslees. anrbual rep)rt and financial ststemenls in accordance with applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted AccounlingPraclicel. The law applicable locharilies in England and Wales requires the charitylrusleesloprepare financial slalementsloreachyearwhichgive alrueandfairviewoflhe stateofaffairsoflhe charity and oflhe incoming resour¢es and application olresources, ollhe charilyforlhalperiod. In preparing Ihe financial statements. the trustees are required lo= selectsuilable accounting policies and then applythem consislently.. obseNe the methods and principles in the applicable Charities SORP., makejudgemenls and estimates thatare reasonable and pvudenl- slalewhelherapplicab1eac￿Un1Ing standards have been followed, subjeclloanymalerial departures disclosed and explained in the financial sialements., prepare Ihefinancial slalemenls onlhegoingconcern basis unlessitis inappropriate lo presume Ihalthe Charilywill continue in business. Thelrusleesareresponsiblefof keeping properaccounknng recordslhaldisclosewilh reasonable a¢¢uracyatanylimethefinancialposilionoflhecharilyandloenablelhemtoensurelhalthefinancial slalemenls Comply with the Charities Act 2011, the applicable Charities (Accounls and Reports} Regulations, and the provisionsollheTrusldeed. Theyaiealsoresponsiblelorsafeguardinglheassels of the charity and laking reasonable slepsfor the prevention and delecknn olfraud and other The Iruslees are responsible foTlhe maintenance and inlegrrty ollhe charTty and financial information included on the charity's websile Legislation in the United Kingdom governing the preparation and dissemination of financialstalemenls maydifferfrom legislation inotherjurisdiclions. AppToval- Signed on behalf of the board of Tfuslees- Signature.... Date.. 16 January 2024 Name: Mr Deighton Komora Position:Trustee Page 7 Harringay United Church Baptist Independent Examinerfs Report to the trustees of Harringay United Church Baptist I have examined thefinancial statements, which comprise the financial activities. the balancesheel, the related notes and the accounting policies for the Year Ended 31 sl March 2023 onpages 9 10 16. Respective responsibilities of trustees and independent examiner The Church'struslees are responsible forthe preparation of the accounts. The church's Iruslees considerthat an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to- examine the accounts (under section 145 of the Charities Act), to follow the procedures taiddowninthe General 01￿ctIonsglVenbYthe Charity Commission (under section 145(5){b} ofthe Act, and to slate whether particular matters have (x)me to my attention. Basis of Independent Exarnin¢rfs Report My examination was carried out in accordance with general Directions given by the Charty Commission. Anexamination includes a reviewof the accounting records keptbythecharityanda comparison ofthe accounts presented wrth those record5.11 a150 indudes consideration of any unusual itemsordisclosure5 inlheaccounts, andseekingexplanalionsfromlrusleesconcerning anysuch matters. Theproceduresundertakendonolprovidealltheeviden￿thatbe required in all audit, and consequently noopinion isgiven astowhethertheaccounts presents a'trueandfai¢ viewandthe report is limited to those matters set out in the slalement below. Independent Examiner's Statement In the course of my examination. no matter has come to my attention.. 1. which gives me reasonable cause to believe that in. any material respect. the requirements a. to keep accounting records in accordan￿ with sectK)n 130 ofthe Charities Acl., and b. lo prepare accounts which accord with the accounting records and comply with the accounting requirements ofthe 2011 Act- have not been met. or 2. which, inmyopinion. attentionshou1dbedrawninordertoenat￿eapropefUnderstsn￿lng ofthe accounts to be reached. Independent Examiner. Date: 19th January 2024 Victoria Onayemi {BA (Honsl. FMAAn Vicom Accountancy SeNices Lld 128 City Road, London. EC1V 2NX. VICOklACCGUNTANCY SERVICES LTD 128 CITY ROAD LONDON ECIV2NX 0207 708G033 Page 8 **Harringay United Church Baptist** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2023** |**INCOMING RESOURCES**
Investment Income
Donations & Legacies
Other Income
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable Activities
Governance Cost
**Total Resources Expended**
**Net Loss On Investments**
**Net Movement in funds**
**Reserves Brought Forward**
**Total Funds Carried Forward**|**Notes**
**2**
**3**
**4**
**5**|**Unrestricted**
**Fund**|**Restricted**
**Fund**|**2023**
**Total**|**2022**
**Total**| |---|---|---|---|---|---| |||**£**
-
79,491
10,377|**£**
60,533
-
1,000|**£**
60,533
79,491
11,377|**£**
33,529
85,955
39,299| |||**89,868**|**61,533**|**151,401**|**158,783**| |||135,469
8,853|48,009
205|183,478
9,058|196,788
13,003| |||**144,322**|**48,214**|**192,536**|**209,791**| |||**-**|**(12,313)**|**(12,313)**|**1,100**| |||(54,454)
**1,814,573**|1,006
**208,525**|(53,448)
2,023,098|(49,908)
**2,073,006**| |||**1,760,119**|**209,531 **|**1,969,650**|**2,023,098**| The notes form part of these financial statements Page 9 Harringay United Chuich Baptist BALANCE SHEET AS AT 31 MARCH 2023 Notes Unrestricted Fund Restricled Fund 2023 Total 2022 Total FIXED ASSETS Tangible Assels Inveslmenls 1,777,039 1.777.039 95,388 1,798,072 107,701 95.388 1 777 039 95.388 1,872,427 1,905.773 CURRENT ASSETS Debtor Cash in hand and al bank 9.115 958 8.157 9.115 113,185 122.300 8,636 124,719 133,355 114.143 114,143 CURRENT LIABILITIES Creditors & Ac¢ruals'. Amounls due within 1 year 25.077 25,077 16.030 NET CURRENT ASSETS 16,920 114,143 97,223 117,325 NET ASSETS 1.760.119 209,531 1.969,650 2,023,098 FUNDS 1.760.119 209.531 1,969,650 2,023,098 Thefinancial stslementswere approved bylhe Board of Truslees 16 January2024 and signed on ils behalfty.. Signature..... Dale.. 16￿ January 2024 Name.. Mr Deighton Komora Posilion.- Trustee The noles form part of these linanaal slalemenls P8ge 10 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## **for the year ended 31 March 2023** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2019) - the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Freehold property 2% on cost Equipment 10% on cost Fixtures & fittings 5% on cost Page 11 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Pension Costs and Other Post-Retirement Benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Investments** Investment income This includes bank and building society interest, dividend, gross rental from investment properties and any related tax credit reclaimable. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 12 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## **1 Accounting Policies - continued** ## Investments This includes the cost of managing an investment portfolio, obtaining investment advice, administration of investments, rent collection, investment property repairs and maintenance charges. ## **2 Investment income** |



Rental income
Investments
Deposit account interest


**3 Income from donations & legacies**

Donation & Legacies
**4 Other income**
**Unrestricted**
**funds**
**2023**
**£**
Gift Aid
10,177

Other income
200
10,377|



Rental income
Investments
Deposit account interest


**3 Income from donations & legacies**

Donation & Legacies
**4 Other income**
**Unrestricted**
**funds**
**2023**
**£**
Gift Aid
10,177

Other income
200
10,377|**Restricted**
**funds**
**2023**
**£**
55,041
4,320
1,172

60,533
**Unrestricted**
**funds**
**2023**
**£**
79,491
79,491
**Restricted**
**funds**
**2023**
**£**
-
1,000
1,000|




|**Total**
**funds**
**2023**
**£**
55,041
4,320
1,172|**Total**
**funds**
**2023**
**£**
55,041
4,320
1,172|





| |---|---|---|---|---|---|---| |||||||| |||||
60,533|





|| ||10,377|||||| |||||||| |||||||| ## **5 Expenditure on charitable activities** |
**Expenditure on charitable activities**|||||| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|||| ||**funds**|**funds**|**Total funds**|**Total funds**|| ||**2023**|**2023**|**2023**||**2022**| |_Expenditure on charitable_|**£**|**£**|**£**||**£**| |_activities_|||||| |Church activities & outreach|135,469|48,009|183,478||179,532| |_Governance costs_|8,853|205|9,058||6,093| ||||||| ||144,322|48,214|192,536||209,791| ||||||| ||||||| Page 13 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## 6 **Trustees' remuneration and benefits** |



Trustees’ salaries
Trustees’ social security
Trustees’ pensions paid|**Restricted**
**funds**
**2023**
**£**
24,750
-
4,388|**Total**
**funds**
**2023**
**£**
24,750
-
4,388|





|**Total**
**funds**
**2022**
**£**
28,523
2,871
16,649
**48,043**| |---|---|---|---|---| ||**29,138**|**29138**||| |||**,**||| ## 6 **Trustees' remuneration and benefits – continued** ## **Trustees' expenses** Included in the Ministerial expenses were rental and relocation costs paid to the pastors as trustees, during the year ended 31 March 2023. ## 7 **Staff costs** The average number of employees during the year was 2 (2022: 0). No employee received emoluments in excess of £60,000. |**a.Tangible fixed assets**
**Freehold**
**Property**
**Cost or revaluation**
At 1 January 2023
Additions
At 31 March 2023
**Depreciation and**
**impairment**
Depreciation charge
for the year
At 31 March 2023
**£**
1,752,520
-
1,752,520
17,162
17,162
**Net book values**
At 31 March 2023
1,735,358
At 31 March 2022
1,752,520|**Fixtures,**
**fittings and**
**equipment**
**£**
45,552
1,223
46,775
5,104
5,104

41,671

45,552|**Total**

**£**
1,798,072
1,223| |---|---|---| |||1,799,295| |||22,266| |||22,266
1,777,039| |||1,798,072| |||| Page 14 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** |**b. Investments**
**Market Value @ 1st April 2022**
Disposal
**Total Cost**
**Net Book Value @ 31st March 2023**
**Net Book Value @ 31st March 2022**
**c. Creditors:**
amounts falling due within one year
Accruals and other creditors
**d. Debtors:**
Other debtors
**e. Movement in Funds**
Unrestricted funds
Restricted funds||**Investment**||| |---|---|---|---|---| |||**£**||| |||107,701
12,313|
|| |||**95,388**||| |||**£95,388**||| |||||| |||**£107,701**||| |||
**Balance at**
**01.01.2023**
**£**
1,814,573
208,525
2,023,098||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Page 15 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## 8 **Analysis of Net Assets between Funds** ## **As at 31 Mar 2023** |**As at 31 Mar 2022**
Fixed Assets
Current Assets
Current liabilities
Fixed Assets
Current Assets
Current liabilities|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total at**
**31.12.2022**
**£**
**£**
**£**
1,798,072
107,701
1,905,773
(75,170)
208,525
133,355
(16,030)
-
(16,030)
1,706,872
316,226
2,023,098
**Unrestricted**
**Restricted**
**Total at**
**Funds**
**Funds**
**31.12.2023**
**£**
**£**
**£**
1,777,039
95,3881,872,427
8,157
114,143
122,300
(25,077)
-
(25,077)
1,760,119
209,531
1,969,650|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total at**
**31.12.2022**
**£**
**£**
**£**
1,798,072
107,701
1,905,773
(75,170)
208,525
133,355
(16,030)
-
(16,030)
1,706,872
316,226
2,023,098
**Unrestricted**
**Restricted**
**Total at**
**Funds**
**Funds**
**31.12.2023**
**£**
**£**
**£**
1,777,039
95,3881,872,427
8,157
114,143
122,300
(25,077)
-
(25,077)
1,760,119
209,531
1,969,650| |---|---|---| |||| |||**Total at**
**31.12.2022**
**£**
1,905,773
133,355
(16,030)
2,023,098| ## **10 Related party transactions** Mr Ojuri, a trustee, is the husband of Mrs Ojuri who is the owner and director of Eagle Nursery Ltd. Eagle Nursery is a tenant of the church, using the church hall. Reverend Frederick Onwuchekwa is the church pastor and is also a trustee of the charity. His numeration and pastoral expenses are paid by the church. There were no other related party transactions for the year ended 31 March 2023. ## **11 Charitable Causes in Mission with Local & International Charities:** In accomplishment of the objects of the charity, the Church supports other charities’ mission both home and abroad. A total of £1,500 was paid out in the Financial Year while £14,701 represented by accrual in note 7(c) was paid out within one month of the year end. ## **12 Comparatives** The year 2022 comparative figures are being reclassified in line with the new format of 2023 financial report. Please refer to the detailed statement of financial activities on pages 17 and 18 on the report. Page 16 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ||**Detailed Statement of Financial Activities**||| |---|---|---|---| ||**FOR THE YEAR ENDED 31 MARCH 2023**||| |||31.3.23|31.3.22| |||£|£| |**INCOME**AND**ENDOWMENTS**|||| |**Donations and legacies**|||| |Tithes & offerings||79,491|76,760| |Gift aid tax refund||10,177|11,798| |Legacies||-|9,195| |||89,668|97,753| |**Investment income**|||| |Rents received||55,041|28,625| |Investments||4,320|4,904| |Deposit account interest||1,172|
1| ||||| |||60,533|33,530| |**Other income**|||| |Other income||1,200|27,500| ||||| |**Total incoming resources**||151,401|158,783| |**EXPENDITURE**|||| |**Raising donations and legacies**|||| |Visiting ministry cost||1,140|1,400| |**Investment management**|||| |**costs**|||| |Property repairs||57,071|41,389| |Equipment expenses|||| |||-|7,816| |Insurance||6,492|
5,905| |Telephone||2,799|
2,585| |Postage and stationery||2,989|
1,779| |Affiliation fee, licence & sub||1,214|
2,782| |Photocopying & rentals||4,684|
4,216| |Training||1,515|
4,233| |Missiongiving||16,201|
7,933| |Social gilt||475|
1,900| ||||| |||36,369|
39,149| Page 17 **Harringay United Church Baptist NOTES TO THE ACCOUNTS** ## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2023** |**Detailed Statement of Financial Activities**
**FOR THE YEAR ENDED 31 MARCH 2023**|||||||||| |---|---|---|---|---|---|---|---|---|---| ||31.3.23|||||31.3.22|||| |**Support costs Management**|£|||||£|||| |Rates and water|3,392|||||4,844|||| |Light and heat|9,000|||||8,924|||| |Travel|116|||||213|||| |Freeholdproperty - depreciation|17,162|||||17,162|||| |Fixtures and fittings - depreciation|2,708|||||2,708|||| |Computerequipment - depreciation|2,396|||||2,273|||| ||||||||||| ||||||||||| ||34,774|||||36,124|||| |**Finance**|||||||||| |Bank charges
|301|||||64|||| |**Human resources**|||||||||| |Trustees'salaries|24,750|||||28,523|||| |Trustees' social security|-|||||2,871|||| |Trustees' pensions paid|4,388|||||16,649|||| |Wages|432|||||13,880|||| |Socialsecurity|-|||||858|||| |Redundancy|-|||||5,700|||| |Pensions|-|||||250|||| |Sundries|93|||||1,968|||| ||29,663|||||70,699|||| |**Other**|||||||||| |Refreshments|5,791|||||4,384|||| |Junior Church Activities|2,405|||||212|||| |Ministerial & Manse expenses|22,757|||||9,336|||| ||||||||||| ||30,953|||||13,932|||| |**Governance costs**|||||||||| |Auditors' remuneration for non audit work|-|||||4,530|||| |Independent examiner fee|2,265|||||-|||| |Legal & professional fees|-|||||2,504|||| ||||||||||| ||||||||||| ||2,265|||||7,034|||| ||||||||||| ||||||||||| |**Total resources expended**|192,536|||||209,791|||| ||||||||||| ||||||||||| |**Net expenditure before gains and losses**|(41,135)|||||(51,008)|||| |**Realised recognised gains and losses**|||||||||| |Realised gains/(losses) on fixed asset investments
|(12,313)|||||1,100|||| ||||||||||| ||||||||||| |**Net (expenditure)/income**
|(53,448)|||||(49,908)|||| Page 18