## **Harringay United Church Baptist**
**Church Charity No. 1131950**
**Trustees' Report and Unaudited Accounts**
**31 March 2024**
**Harringay United Church Baptist**
## **CONTENTS**
||Pages|
|---|---|
|Trustees' Annual Report|2|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Accounts|10|
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 2024. 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**
We started the year with members being trained on evangelism, titled “Confident Christianity”. The course was organised to equip members on how to be confident in carrying out local mission work. This is based on our firm belief that we exist to carry out mission work especially in our local community. We want to reach out to them and show them the love of Christ through our evangelistic efforts.
During the year, we had the Women’s Fellowship meetings, held every first Saturday of the month, the women of HUCB discussed women’s issues that were important to them. Their theme was “learning and growing”.
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.
We are grateful that God spared our lives but sadly we had two funerals during the year to say “good bye”; one was a member and the other was the son of one of our members.
We had five people welcomed into the membership, which was such a blessing to our church and two returning members.
We continued our other innovative programmes such as “why I am a Christian.” This programme seeks to challenge members to reflect on why we are Christians, to share their experiences with others in order to encourage hearers on the reasons why we strongly believe and have faith in God.
We also carried out our annual evangelism outreach in front of our church premises with carol singing. Members of the public were offered refreshments as part our outreach program for the year.
Page 2
**Harringay United Church Baptist**
**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 give away 10% of our income to other Christian and Charitable causes both within and outside UK in line with our Church policy. The organisations we support are mostly 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.
## **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
Page 3
**Harringay United Church Baptist**
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 at an estimated amount of £36,000. 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.
## **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 other areas of our church premises that require refurbishment and make it available for hire by individuals and other organisations.
We want to deepen our evangelism work by working with other Christian organisations that specialises in outreach evangelism. To this effect, we will be inviting these organisations and outside speakers and trainers to facilitate this objective.
We want to continue to innovate and 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 4
**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, that person 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 (left June 2023)
## **Accountants**
Vicom Accountancy Services Ltd 128 City Road London EC1V 2NX
Page 5
**Harringay United Church Baptist**
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Approval:**
Signed on behalf of the board of Trustees:
## Fred Onwuchekwa
**Signature………………………………** Fred Onwuchekwa (Jan 13, 2025 15:42 GMT)
**Name: Rev Fred Onwuchekwa**
**Date: 25[th] November 2024 Position: Chairperson**
Page 6
**Harringay United Church Baptist**
## **Independent Examiner's Report to the trustees of Harringay United Church Baptist**
I have examined the financial statements, which comprise the financial activities, the balance sheet, the related notes and the accounting policies for the Year Ended 31st March 2024 on pages 9 to 16.
## **Respective responsibilities of trustees and independent examiner**
The Church's trustees are responsible for the preparation of the accounts. The church's trustees consider that 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 laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act, and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement With Exception**
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 accordance with section 130 of the Charities Act; and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met; or
2. which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Except for the lapses found in the area of expenditure approval and related party transactions but the Trustees were quick to rectify the issues and necessary measures are now in place.
## **Independent Examiner:**
## **Date: 27[th] November 2024**
**Victoria Onayemi {BA (Hons), FMAAT}**
Vicom Accountancy Services Ltd 128 City Road, London, EC1V 2NX.
Page 7
**Harringay United Church Baptist**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] MARCH 2024**
|**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**|**2024**
**Total**|**2023**
**Total**|
|---|---|---|---|---|---|
|||**£**
-
62,439
11,815|**£**
66,637
-
-|**£**
66,637
62,439
11,815|**£**
60,533
79,491
11,377|
|||**74,254**|**66,637**|**140,891**|**151,401**|
|||94,140
10,485|39,480
-|133,620
10,485|183,478
9,058|
|||**104,625**|**39,480**|**144,105**|**192,536**|
|||**-**|**(822)**|**(822)**|**(12,313)**|
|||(30,371)
**1,760,119**|26,335
**209,531**|(4,036)
1,969,650|(53,448)
2,023,098|
|||**1,729,748**|**235,866**|**1,965,614**|**1,969,650**|
The notes form part of these financial statements
Page 8
**Harringay United Church Baptist**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**FIXED ASSETS**
Tangible Assets
Investments
**CURRENT ASSETS**
Debtor
Loan to Members
Cash in hand and at bank
**CURRENT LIABILITIES**
Creditors & Accruals: Amounts due
within 1 year
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**|**Notes**
**7**
**7**
**7**|**Unrestricted**
**Fund**|**Restricted**
**Fund**|**2024**
**Total**|**2023**
**Total**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
|||1,755,365|94,566|1,777,039
95,388|1,777,039
95,388|
|||**1,755,365**|**94,566**|**1,872,427**|**1,872,427**|
|||30,634
7,450
(43,572)|-
-
141,300|30,634
7,450
97,728|9,115
-
113,185|
|||**(5,488)**|**141,300**|**135,812**|**122,300**|
|||20,129|-|20,129|25,077|
|||**(25,617)**|**141,300**|**97,223**|**97,223**|
|||**1,729,748**|**235,866**|**1,965,614**|**1,969,650**|
|||||||
|||**1,729,748**|**235,866**|**1,965,614**|**1,969,650**|
The financial statements were approved by the Board of Trustees 25[th] November 2024 and signed on its behalf by
## Fred Onwuchekwa
Signature……………………………… Fred Onwuchekwa (Jan 13, 2025 15:42 GMT)
Name: Rev Fred Onwuchekwa
Date: 25[th] November 2024 Position: Chairperson
The notes form part of these financial statements
Page 9
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## **for the year ended 31 March 2024**
## **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 10
**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 11
**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**
Gift Aid
Other income|**Re**
**fun**
**20**
56,
6
3
66,
**Unr**
**fun**
**20**
6
62
**Unrestricted**
**Re**
**funds**
**2024**
**£**
7,025
4,790
|**stricted**
**ds**
**24**
**£**
974
,112
,551|**Total Total**
**funds funds**
**2024 2023**
**£ £**
56,974 55,041
6,112 4,320
3,551 1,172
66,637
60,533
**Total**
**Total**
**f u n d s f u n ds**
**2024**
**2023**
**£ £**
62,439
79,491
62,439
79,491
**Total Total**
**funds funds**
**2024**
**2023**
**£**
**£**
7,025 10,177
4,790 1,200
11,815
11,377|
|---|---|---|---|
|||637||
|||
**estricted**
**ds**
**24**
**£**
2,439|
**Total**
**f u n d s**
**2024**
**£**
62,439
62,439
**Total**
**funds**
**2024**
**£**
7,025
4,790|
|||,439||
|||**stricted**
**funds**
**2024**
**£**
-
-||
|||||
||11,815|~~-~~|11,815|
|||||
## **5 Expenditure on charitable activities**
|**U**
_Expenditure on charitable_
_Activities:_
Church activities & outreach
_Governance costs_
|**nrestricted**
**funds**
**2024**
**£**
94,140
|**Restricted**
**funds**
**2024**
**£**
40,302
|**Total funds Total funds**
**2024**
**£**
**2023**
**£**
134,442
183,478
|**Total funds Total funds**
**2024**
**£**
**2023**
**£**
134,442
183,478
|**Total funds Total funds**
**2024**
**£**
**2023**
**£**
134,442
183,478
|
|---|---|---|---|---|---|
||10,485
104,625|-
42|10,485
1442||9,058|
||||,|||
||||1442||192,536|
|||0,30|
,9|||
|||||||
Page 12
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## 6 **Trustees' remuneration and benefits**
|||**Unrestricted**|**Unrestricted**|**Total**|**Total**|||
|---|---|---|---|---|---|---|---|
|||**funds**||**funds**|**funds**|||
|||**2024**||**2024**|**2023**|||
|||**£**||**£**|**£**|||
||Trustees’ salaries|25,300||25,300|24,750|||
||Trustees’ pensions paid|3,675||3,675|4,388|||
|||**28,975**||**28,975**|
**29,138**|||
|||||||||
## 6 **Trustees' remuneration and benefits – continued**
## **Trustees' expenses**
Included in the Ministerial expenses were amounts paid in keeping up the office of the pastors and trustees during the year ended 31 March 2024.
## 7 **Staff costs**
The average number of employees during the year was 1 (2023: 2). No employee received emoluments in excess of £60,000.
|**a.Tangible fixed assets**
**Cost or revaluation**
At 1 January 2024
Additions
At 31 March 2024
**Depreciation and**
**impairment**
Depreciation charge
for the year
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023|**Freehold**
**Property**
**£**
1,735,358
-
1,735,358
17,162
17,162
1,718,196
1,735,358|**Fixtures,**
**fittings and**
**equipment**
**£**
41,671
2,345
44,026
6,857
6,857
37,169
41,671|**Total**
**£**
1,777,039
2,345|
|---|---|---|---|
||||1,779,384|
||||24,019|
||||24,019
1,755,365
1,777,039|
Page 13
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
|**b. Investments**
**Market Value @ 1st April 2023**
Disposal
**Total Cost**
**Net Book Value @ 31st March 2024**
**Net Book Value @ 31st March 2023**|**Investment**|
|---|---|
||**£**|
||95,388
822|
||**94,566**|
||**94,566**|
|||
||**95,388**|
|**c. Creditors:**
amounts falling due within one year
Accruals and other creditors
**d. Debtors:**
Other debtors
Loan to Members
**e. Movement in Funds**
Unrestricted funds
Restricted funds|
**Balance at**
**01.01.2024**
**£**
1,760,119
209,531|**2024**
**2023**
**£**
20,129
**£**
25,077
20,129
25,077
**2024**
**2023**
**£**
30,634
**£**
9,115
7,450
-
38,084
9,115
**Income**
**Expenditure**
**Balance at**
**31.12.2024**
**£**
**£**
**£**
74,254
104,6251,729,748
66,637
40,302235,866
140,891
144,927
1,965,614|
|---|---|---|
||1,969,650||
||||
Page 14
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## **8 Analysis of Net Assets between Funds**
## **As at 31 Mar 2023**
|**s at 31 Mar 2023**||||
|---|---|---|---|
|**As at 31 Mar 2024**
Fixed Assets
Current Assets
Current liabilities
Fixed Assets
Current Assets
Current liabilities|**Unrestricted**
**Funds**
**£**
1,755,365
(5,488)
(20,129)
1,729,748
**Unrestricted**
**Funds**
**£**
1,777,039
8,157
(25,077)
1,760,119|**Restricted**
**Funds**
**Total at**
**31.12.2024**
**£**
**£**
94,566
1,849,931
141,300
135,812
-
(20,129)
235,866
1,965,614
**Restricted**
**Total at**
**Funds**
**31.12.2023**
**£**
**£**
95,3881,872,427
114,143
122,300
-
(25,077)
209,531
1,969,650||
|||||
|||||
|||||
|||||
||||**Restricted**
**Funds**
**£**
94,566
141,300
-
235,866|
|||||
Page 15
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## **9 Related party transactions**
- i. Mr Ojuri, 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. The unpaid reviewed rent outstanding at the end of the year was £11,080 and a repayment agreement has been reached.
- ii) Reverend Frederick Onwuchekwa is the church pastor and is also a trustee of the charity. His renumeration and pastoral expenses are duly approved and paid by the
- church.
- iii) The following people took a repayable loan during the financial year:
Mr Deighton Komora - £3,000 Mr Franck Behi - £3,000
The full amount has been repaid.
There were no other related party transactions for the year ended 31 March 2024.
## **10 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 £1,700 was paid out in the Financial Year while £13,387 represented by accrual in note 7(c) was paid out within one month of the year end.
Page 16
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024**
|**Detailed Statement of Financial Activities**
**FOR THE YEAR ENDED 31 MARCH 2024**|||
|---|---|---|
||31.3.24|31.3.23|
||£|£|
|**INCOME**AND**ENDOWMENTS**|||
|**Donations and legacies**|||
|Tithes & offerings|62,439|79,491|
|Gift aid tax refund|7,025|10,177|
|Legacies
|-|-|
||69,465|89,668|
|**Investment income**|||
|Rents received|56,974|55,041|
|Investments|6,112|4,320|
|Deposit account interest
|3,551|1,172|
||||
||66,637|60,533|
|**Other income**|||
|Other income
|4,790|1,200|
||||
|**Total incoming resources**|140,891|151,401|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Visiting ministry cost|855|
1,140|
|**Investment management**|||
|**costs**|||
|Property repairs
|21,311|57,071|
|Equipment expenses|||
||-|
-|
|Insurance|7,239|
6,492|
|Telephone|4,665|
2,799|
|Postage and stationery|3,606|
2,989|
|Affiliation fee, licence & sub|1,350|
1,214|
|Photocopying & rentals|3,862|
4,684|
|Software|398|
-|
|Training|600|
1,515|
|Missiongiving|15,087|
16,201|
|Social gilt|200|
475|
||||
||37,007|
36,369|
Page 17
**Harringay United Church Baptist NOTES TO THE ACCOUNTS**
## **Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 MARCH 2024**
|**Support costs Management**
Rates and water
Light and heat
Travel
Freeholdproperty – depreciation
Fixtures and fittings – depreciation
Computerequipment – depreciation
**Finance**
Bank charges
**Human resources**
Trustees'salaries
Trustees' pensions paid
Wages
Sundries
**Other**
Refreshments
Junior Church Activities
Ministerial & Manse expenses
**Governance costs**
Independent examiner fee
Legal & professional fees
**Total resources expended**
**Net expenditure before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net (expenditure)/income**|31.3.24
31.3.23
3,064
3,392
9,906
9,000
1,371
116
17,162
17,162
2,708
2,708
4,149
2,396
38,360
34,774
-
301
25,300
24,750
3,675
4,388
-
432
1,154 93
30,129
29,663
2,371
5,791
5,477 2,405
5,349
22,757
13,197
30,953
2,814
2,265
432
-
3,246
2,265
144,105
192,536
(3,214)
(41,135)
(822) (12,313)
(4,036)
(53,448)
£
£|
|---|---|
Page 18
## HUCB 31-03-2024 (5)
Final Audit Report
2025-01-13
Created: 2025-01-13 By: Vicom Accountancy (vicomtax@vicomgroup.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAhP8fKPlNk4wsoCyZ_rGQi2c4meOBjyo8
## "HUCB 31-03-2024 (5)" History
- Document created by Vicom Accountancy (vicomtax@vicomgroup.co.uk) 2025-01-13 - 1:20:21 PM GMT
Document emailed to pastor@hucb.london for signature
2025-01-13 - 1:21:17 PM GMT
- Email viewed by pastor@hucb.london
2025-01-13 - 3:38:32 PM GMT
- Signer pastor@hucb.london entered name at signing as Fred Onwuchekwa 2025-01-13 - 3:42:51 PM GMT
- Document e-signed by Fred Onwuchekwa (pastor@hucb.london) Signature Date: 2025-01-13 - 3:42:53 PM GMT - Time Source: server
## Agreement completed.
2025-01-13 - 3:42:53 PM GMT