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|Contents||Page|
|---|---|---|
|Annualreport||1-13|
|Independent
auditor's|report|14-17|
|Statement offinancial|activities|18|
|Balance sheet||19|
|Cash flow statement||20|
|Notes to the financial|statements|21 -34|
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|No.|Potential
Risk Impact and Cause|Potential
Risk Impact and Cause|Potential
Risk Impact and Cause||Mitigation||
|---|---|---|---|---|---|---|
||Loss ofconfidence
by stakeholders||due||Organisational
values are clearly defined|and|
||to the behaviour
ofsenior leadership||||regularly
communicated.||
||or staff members.||||Prayer and worship are central to life at HTB.||
||||||Oversight
and governance
structures
are|in|
||||||place for senior leaders and staff.||
||Harm comes to those in our|care due|||Safeguarding
at HTB is overseen
by a PCC||
||to lack ofappropriate
and compliant||||Safeguarding
Officer and an experienced||
||child and vulnerable
adult||||Safeguarding
advisor employed
by HTB.||
||safeguarding
procedures||||HTB works closely with the Diocese of London||
||||||to ensure that it models best practice in||
||||||safeguarding.||
||Harm comes to visitors or staff due||to||Internal
and external
H&S advisors
monitor||
||lack ofappropriate
and compliant||||and report on risk areas identified.||
||Health &Safety procedures||||Regular
H&S reporting
takes place at senior||
||||||management
and PCC meetings.||
||||||Staff training
in key H&S procedures
is||
||||||ongoing.||
||Future ofthe organisation
jeopardised||||Succession planning
is under continual
review||
||due to lack ofadequate
succession||||for key senior roles in the organisation.||
||planning
for key senior roles||||Recent smooth
and successful transition|to a|
||||||new Vicar of HTB.||
||Poor decision-making
and breach of||||PCC meetings
and structures
are compliant||
||regulatory
requirements
due|to weak|||with Charity Commission
and church
law||
||or non-compliant
governance||||requirements.||
||structures.||||Care is taken to ensure each group entity|has|
||||||a suitable
number ofindependent
trustees.||
||||||Conflicts ofinterest are handled||
||||||appropriately,
approved
by the PCC, and|fully|
||||||disclosed
in the Annual
Accounts.||
||Inability to operate
in the event of a|||~|Significant
investment
has been made in||
||disaster due to lack ofadequate||||upgrading
digital and technology
systems,||
||business
continuity
planning.|Business|||including
moves to largely cloud-based||
||continuity
compromised
or critical||||systems
which has increased
resilience. We||
||data lost through
cyber-attack.||||demonstrated
during the pandemic
our ability||
||||||to respond
flexibly and quickly
in a crisis to||
||||||organisational
needs.||
||Cyber security
risks continue|to||~|Continuous
review of risks, education
ofstaff||
||increase rapidly with changes|in|||and ongoing investment
in technology||
||technology,
creating
risk ofdata||||solutions
which counter this risk.||
||security breaches, impacting|our ability|||||
||to operate and potential
significant||||||
||financial loss.||||||
||Donations are lower than required||to||HTB relies on God's provision
and the||
||meet financial
and cashflow||||generosity
ofthe congregation
to meet its||
||obligations.||||financial
needs, and core members
ofthe||
||||||congregation
could be approached
to||
||||||underwrite
in the event ofa shortfall.||
||||||HTB currently
holds more than three months'||
||||||working capital.||
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|||||||||2021|
|---|---|---|---|---|---|---|---|---|
||||||2022|||( Restated)|
|||||Unrestricted|Restricted|Endowment|Total|Total|
||||Notes|funds|funds|funds|funds|funds|
|||||E|E|E|E|E|
|INCOME FROM:|||||||||
|Donations
and legacies|||3a)|8,372,926|1,108,100||9,481,026|9,655,590|
|Income from charitable|activities||3 b)|94,832|||94,832|71,620|
|Property and other investment||income|3c)|265,128|6,056||271,184|217,403|
|Other Income|||3d)|||||105,275|
|TOTAL INCOME||||8,732,886|1,114,156||9,847,042|10,049,888|
|EXPENDITURE ON:|||||||||
|Charitable
activities|||4to7|7,977,231|1,030,442||9,007,673|8,793,635|
|Grants and Mission Giving||||659,795|231,390||891,185|765,155|
|Raising funds||||278,875|||278,875|233,634|
|Property management|costs||10|34,612|||34,612|12,161|
|TOTAL EXPENDITURE||||8,950,513|1,261,832||10,212,345|9,804,585|
|NET (EXPENDITURE)/INCOME
INVESTMENT LOSS||BEFORE||(217,627)|(147,676)||(365,303)|245,303|
|(Loss)/Gain
on investment||||||(17,084)|(17,084)|3,579|
|NET (EXPENDITURE)/INCOME||||(217,627)|(147,676)|(17,084)|(382,387)|248,882|
|NET MOVEMENTS
IN FUNDS||||(217,627)|(147,676)|(17,084)|(382,387)|248,882|
|FUNDS BROUGHT FORWARD||AT 1JANUARY||3,985,599|404,653|108,336|4,498,588|4,249,706|
|FUNDS CARRIED FORWARD AT31DECEMBE|||21|3p767p972|256p977|91p252|4p116p201|4498 588|
##
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||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|||||
|FIXEDASSETS|||||||
|Intangible
assets||14||65,490||4,100|
|Tangible assets||15||546,761||623,583|
|Investments||16||91,252||108,336|
|Total fixed assets||||703,503||736,019|
|CURRENT ASSETS|||||||
|Stock of books|and publications||26,283||28,178||
|Debtors||17|1,129,073||1,643,270||
|Cash at bank and in hand||18|3,385,849||3,348,353||
|Total current assets|||4,541,205||5,019,801||
|Less: liabilities|falling due within one year|19|(979,228)||(1,160,754)||
|Net current assets||||3,561,977||3,859,047|
|||||4,265,480||4,595,066|
|Less: liabilities|falling due in more than one year|20||(149,279)||(96,478)|
|NET ASSETS||||4,116,201||4,498,588|
|FUNDS|||||||
|Unrestricted||||3,767,972||3,985,599|
|Restricted||22||256,977||404,653|
|Endowment||23||91,252||108,336|
|TOTAL FUNDS||||4,116,201||4,498,588|
##
||||2022|2022||2021||
|---|---|---|---|---|---|---|---|
|||Notes|f|||||
|NET (DEFICIT)/SURPLUS
FOR THE YEAR||||(382,387)|||248,882|
|Adjustments
for:||||||||
|Depreciation
and amortisation||14,15|496,414||493,796|||
|Unrealised
loss / (gain) from investments|||17,084||(3,579)|||
|Decrease
in stock|||1,895||4,955|||
|Decrease/(Increase)
in debtors|||514,197||(268,044)|||
|Decrease
in creditors|||44,631||17,133|||
|||||1,074,221|||244,261|
|NET CASH INFLOW FROM OPERATING ACTIVITIES||||691,834|||493,143|
|CASH FLOWS FROM INVESTING ACTIVITIES||||||||
|Purchase oftangible fixed assets|||(407,968)||(278,285)|||
|Purchase of intangible
fixed assets|||(73,014)||(4,691)|||
|||||(480,982)|||(282,976)|
|CASH FLOWS FROM FINANCING|ACTIVITIES|||||||
|Finance Lease Payments|||(173,356)||(172,743)|||
|||||(173,356)|||(172,743)|
|INCREASE IN CASH IN THE YEAR||||37,496|||37,424|
|NET CASH FUNDS AT 1JANUARY||||3,348,353|||3,310,929|
|NET CASH FUNDS AT31DECEMBER||||3,385,849|||3,348,353|
|NET FUNDS RECONCILIATION|||1January||Other|31|December|
||||2022|Cash flows|movements||2022|
|Cash at bank and in hand|||3,348,353|37,496|||3,385,849|
|Finance leases||19,20|(221,597)|(29,127)|||(250,724)|
|Net funds|||3,126,756|8,369|||3,135,125|
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||||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||||f|f|
|INCOME|||||||||
|Donations
and legacies|||||8,440,819|1,214,771||9,655,590|
|Income from charitable|activities||||71,620|||71,620|
|Property and other investment|||income||217,403|||217,403|
|Other Income|||||105,275|||105,275|
|TOTAL INCOME|||||8,835,117|1,214,771||10,049,888|
|EXPENDITURE|||||||||
|Charitable
activities|||||7,298,380|1,495,255||8,793,635|
|Grants|||||739,407|25,748||765,155|
|Fundraising
costs|||||233,634|||233,634|
|Investment
management||costs|||12,161|||12,161|
|TOTAL EXPENDITURE|||||8,283,582|1,521,003||9,804,585|
|NET INCOME BEFORE INVESTMENT GAINS|||||551,535|(306,232)||245,303|
|Gain on investment|||||||3,579|3,579|
|NET (EXPENDITURE) / INCOME|||AND MOVEMENTS|IN FUNDS|551,535|(306,232)|3,579|248,882|
|Transfer from Unrestricted||to Restricted Funds|||(305)|305|||
|NET MOVEMENTS
IN FUNDS|||||551,230|(305,927)|3,579|248,882|
|FUNDS BROUGHT FORWARD AT 1JANUARY 2021|||||3,434,369|710,580|104,757|4,249,706|
|FUNDS CARRIED FORWARD AT|||31DECEMBER 2021||3,985,599|404,653|108,336|4,498,588|
##
|3.|INCOME|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted||Restricted||Endowment|||||Total|Total|
||||||||funds
E||funds
E|||funds
f||||2022
f|2021 ( Restated)
f|
|a)|Donations|and legacies||||||||||||||||
||Gift-aided|||||||||||||||||
||One-off||||||1,751,082|||316,969||||||2,068,051|2,351,162|
||Regular giving||||||2,449,946|||44,925||||||2,494,871|2,701,725|
||Reversed donation*||||||||(100,000)|||||||(100,000)||
||Income tax|recovered**|||||1,050,260|||90,474||||||1,140,734|1,263,225|
||||||||5,251,288|||352,368||||||5,603,656|6,316,112|
||Not gift-aided|||||||||||||||||
||Offerings||||||69,505|||10,478||||||79,983|24,098|
||Donations|and legacies|||||1,694,422|||413,929||||||2,108,351|1,958,931|
||Regular giving||||||1,357,711|||60,323||||||1,418,034|1,234,350|
||Other grants
(Incl regrant)|||||||||271,002||||||271,002|122,099|
||||||||8 372926||1|108100||||||9481026|9655 590|
|b)|Income from charitable|||activities||||||||||||||
||HTB events|and courses|||||55,862|||||||||55,862|37,132|
||Occasional|and other|services||||33,943|||||||||33,943|33,048|
||Bookshop and cafe||||||5,027|||||||||5,027|1,440|
||||||||94832|||||||||94892|71620|
|c)|Investment|income||||||||||||||||
||Property||||||254,853|||1,412||||||256,265|212,361|
||Bank interest
82 investment||||||10,275|||4,644||||||14,919|5,042|
||||||||265 128|||6056||||||221184|217403|
|d)|Other Income|||||||||||||||||
||Coronavirus|Job Retention|||Scheme||||||||||||105,275|
||||||||||||||||||105,275|
||*Specified|donation|received|||in 2021 being redirected to other|||entities
in HTB group||||as requested|||by the donor.||
||**Included|in the income|||tax|recovered amount|is retrospective||gift aid to the value||||off60,156.|||||
|4.|EXPENDITURE|||||||||||||||||
||Expenditure|analysed|by staff|||costs, other direct costs, depreciation||||and including||allocated|||support costs. Prior||year numbers|
||have been|reclassified|and||refer to note 5for further detail.|||||||||||||
|||||||Notes|Salaries*|Other costs*|||Depreciation
and
amortisation|||||Total
2022|Total
2021(Restated)|
|||||||||||||f||||||
||Charitable|activities||||||||||||||||
||Ordinary
ministry ofthe|||church|||4,286,646||3,862,316|||480,450||||8,629,412|8,024,410|
||Development
ofsites||||||39,038|||322,635||||||361,673|766,323|
||Bookshop and cafe||||||9,415|||7,173||||||16,588|2,902|
||||||||4,335,099||4,192,124|||480,450||||9,007,673|8,793,635|
||Grants and|mission giving|||||18,903|||868,752|||3,530|||891,185|765,155|
||Fundraising|costs|||||207,924|||59,105||11,846||||278,875|233,634|
||Property management|||costs||10|33,976|||||||588||34,612|12,161|
||Total expenditure||||||4,595,902||5|120029||496||414|10212 945||9804 585|
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|8.|GRANTS AND MISSION|GRANTS AND MISSION|GIVING||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|2022|2021 (Restated)|
||||||f||f|f|
||Gifts and regrants to|Connected||Entities|||||
||Alpha International||||250,000|171,356|421,356|283,032|
||Church
Revitalisation|Trust|||253,550|53,950|307,500|271,098|
||St Paul's Theological|Centre||||||5,404|
||St Luke's Redcliffe Gardens||||50,000||50,000|105,000|
||||||553,550|225,306|778,856|664,534|
||Gifts to other UK beneficiaries||||||||
||Crosslight||||39,084||39,084|43,900|
||New Wine Trust||||30,000||30,000||
||Focus Bursaries||||14,463||14,463||
||Individuals*||||4,575||4,575|7,700|
||World Vision||||3,376|423|3,799|12,974|
||Christian
Solidarity International||||2,000||2,000||
||Glass Door Homeless|Charity||||1,711|1,711|5,188|
||Bishop of Kensington's||Fund||1,734||1,734|2,149|
||A Rocha|||||1,435|1,435|500|
||Power the Fight|||||1,435|1,435|780|
||London Diocesan Fund||Kensington||1,250||1,250||
||Bishop of London Discretionary|||Fund|1,205||1,205||
||Bridge the Gap|||||||5,000|
||Patrick 5 Diane Regan|||||||2,000|
||Wings of Healing|||||||2,000|
||Light (Lindz West)||||1,000||1,000||
||Other gifts||||3,116|783|3,899|11,670|
||||||101,803|5,787|107,590|93,861|
||Gifts for overseas mission||||||||
||Jacqueline
Pullinger|(INT)||||||1,025|
||Equip and Empower|Ministries||||||1,024|
||Other gifts|||||297|297|830|
|||||||297|297|2,879|
||Support costs allocated||||4,442||4,442|3,881|
||||||659,795|231,390|891,185|765,155|
##
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|11.|SUPPORT COSTS|SUPPORT COSTS||||||
|---|---|---|---|---|---|---|---|
||The following
support costs||(all out ofunrestricted|funds) have been apportioned|to fundraising|and charitable
activities|in|
||proportion
to the numbers||ofstaff in each department.|||||
|||||||2022
2021 (Restated)||
|||||||f|f|
||IT|||||544,913|540,242|
||Finance|||||272,593|262,520|
||Human
Resources|||||440,500|428,212|
||Executive and
legal|||||391,153|384,087|
|||||||1,649,159|1,615,061|
|11a)|Support Costs apportionment|||||2022|2021|
||Ordinary
Minstry ofChurch|||||1,586,348|1,560,051|
||Fundraising|||||58,073|50,897|
||Grants and Mission Giving|||||4,442|3,881|
||Property
and Investment|Management||||296|232|
|||||||1,649,159|1,615,061|
|12.|AUDIT COSTS, DEPRECIATION AND AMORTISATION|||||||
|||||||2022|2021|
||Provision for the current|year||||21,250|16,980|
||Auditor's
remuneration|-other services|||||487|
|||||||21,250|17,467|
||Depreciation
and amortisation|||||496,414|493,796|
##
|13.|REMUNERATION|REMUNERATION|2022|2021|
|---|---|---|---|---|
||Wages and sa|laries|3,987,156|3,594,097|
||Social security|costs|395,576|359,485|
||Contributions|to pension schemes|213,170|206,690|
||||4,595,902|4,160,272|
##
##
|ese empl|oyees
fell into th|e following|brack|
|---|---|---|---|
|||2022|2021|
|f60,001|tof70,000|2|4|
|f70,001|tof80,000|4|4|
|f80,001|tof90,000|0|0|
|f90,001|tof100,000|2|2|
##
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|14.|INTANGIBLE FIXEDASSETS|||||||
|---|---|---|---|---|---|---|---|
||||||||Computer|
||COST||||||software|
||Balance as at 1stJanuary 2022||||||117,767|
||Additions||||||73,014|
||Disposals||||||(14,285)|
||Balance as at 31st December 2022||||||176,496|
||AMORTISATION|||||||
||Opening
balance 1stJanuary 2022||||||113,667|
||Charge for 2022||||||11,624|
||Disposals||||||(14,285)|
||Closing balance 31st December 2022||||||111,006|
||NET BOOK VALUE|||||||
||At 31st December 2021||||||4,100|
||At 31st December 2022||||||65,490|
|15.|TANGIBLE FIXED ASSETS|||||||
|||||Computer|Other|Furniture||
|||||equipment|equipment|and fittings|Total|
|||||f|f|f|f|
||COST|||||||
||Opening
balance 1stJanuary 2022|||1,731,473|1,721,135|547,136|3,999,744|
||Additions|||311,147|80,669|16,152|407,968|
||Disposals|||(246,057)|(5,667)|(1,920)|(253,644)|
||Closing balance 31st December 2022|||1,796,563|1,796,137|561,368|4,154,068|
||DEPRECIATION|||||||
||Opening
balance 1stJanuary 2022|||1,463,407|1,415,722|497,032|3,376,161|
||Charge for 2022|||278,549|173,480|32,761|484,790|
||Disposals|||(246,057)|(5,667)|(1,920)|(253,644)|
||Closing balance 31st December 2022|||1,495,899|1,583,535|527,873|3,607,307|
||NET BOOK VALUE|||||||
||At 31st December 2021|||268,066|305,413|50,104|623,583|
||At 31st December 2022|||300,664|212,602|33,495|546,761|
||The net book value includes:|||||||
||f191,500(2021:f112,214)ofcomputer|equipment||held under finance leases.||||
||f66,163(2021:f124,390)ofother equipment||held|under finance leases.||||
|||||||2022|2021|
|||||||f|f|
|16.|INVESTMENTS|||||||
||Valuation
at start ofyear|||||108,336|104,757|
||Increase/(Decrease)
in value of investments|||||(17,084)|3,579|
||Investments
at end ofyear|||||91,252|108,336|
##
|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|17.|DEBTORS|||||||||||
||Prepayments
and accrued income|||||||||579,365|520,475|
||Gift aid|||||||||405,451|598,369|
||Church
Renewal Trust|||||See note 25||||100,274|370,910|
||Alpha International|||||See note 25||||5,361|44,484|
||Debtors for goods and||services|||||||9,931|42,713|
||Church
Revitalisation||Trust|||See note 25|||||24,769|
||St Paul's Theological|Centre||||See note 25||||25,520|17,641|
||St Luke's Redcliffe Gardens|||||See note 25|||||15,856|
||Payroll loans to staff|||||||||3,171|8,053|
|||||||||||1,129,073|1,643,270|
||The Church
Renewal|Trust intercompany||debtor in 2022||is a long term debtor expected||to|be settled after|more than one year.||
|18.|CASH AT BANK AND|IN HAND||||||||||
||Unrestricted
funds|||||||||3,123,084|2,972,641|
||Restricted funds|||||||||262,765|375,712|
|||||||||||3,385,849|3,348,353|
|19.|LIABILITIES FALLING|DUE WITHIN ONE YEAR||||||||||
||Creditors for goods and services|||||||||416,355|337,836|
||Accruals and deferred||income|||||||270,696|552,023|
||Taxation and social security|||||||||158,246|145,776|
||Finance lease liability|||||||||101,445|125,119|
||St Luke's Redcliffe Gardens|||||||||9,409||
||Church
Revitalisation||Trust|||See note 25||||23,077||
|||||||||||979,228|1,160,754|
||Future minimum
finance lease payments|||(including|interest) due in less than a year are F117,037(2021:F132,828), due in one to five years|||||||
||are f144,205(2021:99,824), and no amounts are due in|||||more than five years (2021:EO).||||||
||DEFERRED INCOME|||||||||||
||Deferred income comprises donations|||and booking|fees received for future financial|||periods.||||
||Balance at 1January|||||||||254,848|229,310|
||Amount
released to||income|||||||(254,848)|(35,370)|
||Amount
deferred
in||year|||||||9,060|60,908|
||Balance at 31December|||||||||9,060|254,848|
||Analysis:|||||||||||
||Release within one|year||||||||9,060|254,848|
|20.|LIABILITIES FALLING|DUE IN MORE THAN ONE YEAR||||||||||
||Finance lease liabilities|||||||||149,279|96,478|
|21.|ANALYSIS OF NET ASSETS BYFUND|||||||||||
|||||||Unrestricted|Restricted||Endowment|Total|Total|
|||||||funds|funds||funds|2022|2021|
|||||||f||||F.|E|
||Investments||||||||91,252|91,252|108,336|
||Fixed assets|||||612,251||||612,251|627,683|
||Stock and debtors|||||1,155,356||||1,155,356|1,671,448|
||Cash at bank and in hand|||||3,123,084|262,765|||3,385,849|3,348,353|
||Current
liabilities|||||(973,440)|(5,788)|||(979,228)|(1,160,754)|
||Non-current
liabilities|||||(149,279)||||(149,279)|(96,478)|
||Fund balance|||||3,767,972|256,977||91,252|4,116,201|4,498,588|
||COMPARATIVES FOR||ANALYSIS OF NET ASSETS BYFUND|||||||||
||||||||Unrestricted||Restricted|Endowment|Total|
||||||||funds||funds|funds|2021|
||||||||E|||E|E|
||Investments|||||||||108,336|108,336|
||Fixed assets||||||596,744||30,939||627,683|
||Stock and debtors||||||1,671,448||||1,671,448|
||Cash at bank and in hand||||||2,972,641||375,712||3,348,353|
||Current
liabilities||||||(1,158,756)||(1,998)||(1,160,754)|
||Non-current
liabilities||||||(96,478)||||(96,478)|
||Fund balance||||||3,985,599||404,653|108,336|4,498,588|
##
||||||||||||||Transfer from|Transfer from||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Opening
balance|Income|Expenditure|Unrestricted
Restricted|to|Closing
balance|
|||||||||||2022|2022|2022|2022||2022|
|22.|MOVEMENT|ON RESTRICTED FUNDS|||2022|||||||||||
||Church Planting - funding
towards
HTB's|||||vision for||planting|churches||15,560|(15,560)||||
||Social Transformation||—gifts for Caring for Prison Leavers and homeless shelter|||||||101,594|649,788|(679,207)|||72,175|
||Global Alpha|Teams|- funds towards||Alpha training|||overseas||25,903||(25,903)||||
||Focus||||||||||115,205|(115,205)||||
||Ministry
—gifts for HTB Alpha, Leadership
ministries|||||College London and other HTB||||58,145|239,037|(224,865)|||72,317|
||Capital - gifts|for capital works||at HTB||||||199,889|(624)|(98,276)|||100,989|
||HTB Dalgarno
Way Bishop's|Way-
Mission|Income and Expenditure
Order||||related to the||St Francis Dalgarno|10,403|70,114|(73,305)|||7,212|
||Other specified gifts|||||||||8,719|25,076|(29,511)|||4,284|
|||||||||||404,653|1,114,156|(1,261,832)|||256,977|
||||||||||||||Transfer from|||
|||||||||||Opening
balance|Income|Expenditure|Unrestricted
Restricted|to|Closing
balance|
|||||||||||2021|2021|2021|2021||2021|
||MOVEMENT|ON RESTRICTED FUNDS|||2020|||||||||||
||Church Planting
—funding
towards
HTB's|||||vision for||planting|churches||19,912|(19,912)||||
||Social Transformation||—gifts fo Caring for Prison Leavers and homeless shelter|||||||523,145|790,901|(1,212,451)|||101,595|
||Global Alpha|Teams|—funds towards||Alpha training|||overseas||25,903|||||25,903|
||Focus||||||||||26,488|(26,488)||||
||Ministry - gifts for HTB Alpha, Leadership
ministries|||||College London and other HTB||||47,206|129,367|(118,428)|||58,145|
||Capital
—gifts|for capital works||at HTB||||||86,075|197,203|(83,389)|||199,889|
||HTB Dalgarno
Way Bishop's|Way-
Mission|Income and Expenditure
Order||||related to the||St Francis Dalgarno|19,533|43,456|(52,891)||305|10,403|
||Other specified gifts|||||||||8,718|7,444|(7,444)|||8,718|
|||||||||||710,580|1,214,771|(1,521,003)||305|404,653|
|||||||||||Opening
balance|Income|Expenditure|Loss on
investment||Closing
balance|
|||||||||||2022|2022|2022|2022||2022|
|||||||||||E|E|E|E||E|
|23.|MOVEMENT|ON ENDOWMENT||FUND||||||||||||
||StAugustine,|Queen's|Gate, choir fund|||||||108,336|||(17,084)||91,252|
|||||||||||Opening
balance|Income|Expenditure|Gain on
investment||Closing
balance|
|||||||||||2021|2021|2021|2021||2021|
|||||||||||E|E|E|E||E|
||MOVEMENT|ON ENDOWMENT||FUND||||||||||||
||StAugustine,|Queen's|Gate, choir fund|||||||104,757|||3,579||108,336|
|24.|COMMITMENTS|||||||||||||||
||At the end of|the year HTB had||the following|||commitments||(mainly leases on clergy|accommodation):||||||
||||||||||||||2022||2021|
||||||||||||||E||E|
||Up to one year||||||||||||475,489||403,122|
||Between one|and five years|||||||||||261,690||158,513|
||||||||||||||737,179||561,635|
##
|25.|RELATED PARTIES|RELATED PARTIES|RELATED PARTIES||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||The following|trustees|||or key management
personnel
(KMP) were directors or|||members|ofrelated entities or were connected to people or organisations|in|
||receipt ofpayments|||from HTB:|||||||
||TRUSTEE OR|KMP|||RELATED TRUSTEESHIPS||||RELATED PARTY TRANSACTIONS||
||||||St Paul's Theological
Centre;||||||
||Andrew
Brydon||||Alpha International
(member
only);
Church
Revitalisation
Trust (member||only)||Sandy Millar (father
in law) was a trustee ofAlpha International
during 2022 and is paid a retainer
by HTB and Al.||
||||||Alpha International
(also a member);||||||
||||||St Paul's Theological
Centre|(also a member);|||Sam Coates (wife) is employed
by HTB. Her employment
was||
||Archie Coates~||||Church
Renewal
Trust (also|a member);|||subject to scrutiny
and approval
by the HTB PCC in accordance||
||||||Church
Revitalisation
Trust|(also a member)|||with the Church Representation
Rules.||
||||||St Mellitus
College (SMC)||||||
||||||St Peter's Brighton
(until 31Aug 2022)||||||
||Issie Dewes||||None||||Polly Keeling (Sister), is on the ACC.||
||||||||||David Gardner (husband)
is a trustee ofAlpha International.||
||Eli Gardner||||None||||Eli is a trustee of Kids Matter that was paid 6500 during 2022 by||
||||||||||HTB.||
||Nicky Gumbel||~||Alpha International
(also a member);
St Paul's Theological
Centre (also a member
until
August 2022);
Church
Renewal
Trust (also a member);
Church
Revitalisation
Trust (also a member
until
August 2022)
St Luke's Redcliffe Gardens
(until August 2022).||||Nicky Gumbel was Vicar of HTB until 31stAugust 2022. Pippa
Gumbel
(wife) is employed
by HTB. Nicky continues to be licensed
to HTB as a curate. Both Nicky and Pippa are seconded to Al and
CRT carrying out work that supports the HTB Group's vision and
mission. These arrangments
were subject to detailed
review and
approval
by the HTB PCC.||
||David Kay-Shuttleworth||||Church
Revitalisation
Trust|(member)|||||
||Gus Kennedy||||St Paul's Theological
Centre|(member)|||Emilie Kennedy (wife), is on the HTB ACC.||
||||||St Paul's Theological
Centre|(trustee)|||||
||Genevieve
Mensah||||Church
Renewal
Trust (trustee)
Church
Revitalisation
Trust (member||only)||Bernard Mensah
(husband)
is a trustee ofAlpha International.||
||||||Alpha International
(member
only)||||||
||||||||||Jacob has been employed
by HTB on a short-term
contract
in the||
||||||||||Creative team since January 2023. His employment
was subject|to|
||Jacob Riddall||||None||||review and approval
by the HTB PCC in accordance
with the||
||||||||||requirements
ofthe Church
Represenataion
Rules.||
||||||||||Yasmin
Riddall (wife) is on the HTB ACC.||
||Emma Watson||||Holy Trinity Malshanger
Trust||||Alexander
Watson (husband)
is on the HTB ACC.||
||||||St Paul's Theological
Centre;||||||
||Angus Winther||||Church
Revitalisation
Trust;
St Mellitus
College;
Alpha International
(member
only)
Ecclesiastical
Insurance
Office PLC
(Director) and Ecclesiastical
Insurance
Group
PLC (Director)||||Ecclesiastical acts as insurers tothe HTB Group. HTB paid
Ecclesiastical f165,067(2021:f163,520)for its services during
2022. HTB paid Hiscox through
SEIBInsurance
Brokers Ltd E45,922
for providing
insurance
for Focus in 2022 on CRT's behalf. Angus
Winther
had no involvement
in any ofthese transactions.||
||||||Hiscox Syndicates
Ltd ( Director).||||||
||Cathy Butcher"||||Restored
Lives trustee
St Luke's Redcliffe Gardens|Treasurer|||Jessica Butcher (daughter)
was employed
by HTB on a short term
contract
until August 2022.||
||Mark-Elsdon|Dew"|||None||||Also employed
by the Church
Revitalisation
Trust||
||Fiona Sellers"||||None||||Isobel Sellers (daughter)
was paid for temporary
work for HTB in
November
2022.||
||*Ex-officio members||||ofthe PCC.||||||
||"Key Management|||Personnel ofCentral Services and HTB.|||||||
##
##
##
|Entity|Entity|HTB payments|HTB payments|Amounts|due to
HTB|or (from)|Notes|
|---|---|---|---|---|---|---|---|
|||2022|2021|2022||2021||
|Alpha
International|('Al')|421,356|273,000|5,361|||HTB makes an annual
grant to Al.
Al bears a share of Central Services costs charged
by HTB (see note 13).|
|St Paul's Theological
Centre ('SPTC')||||25,520||17,641|SPTC bears a share ofCentral Services costs charged
by HTB (see note 13).|
||||||||In 2017a gift off250,000 was given to contribute to the costs ofthe work on|
||||||||the spire at StJude's, Courtfield
Gardens. The spire costs in 2018exceeded|
|The Church
Renewa
ITrust||262,000||100,274||370,910|the amount ofcash held by The Church
Renewal Trust which resulted
in a
large intercompany
balance at year end. This amount
will be paid offover 10|
||||||||years from SMC/SPTC college operations.
I-ITBalso underwrote
two loans|
||||||||from the
I ondon Diocese to the value ofE450,000for spire costs, the details|
||||||||ofwhich are shown
in note 26.|
||||||||HTB makes an annual
grant to the Church
Revitalisation
Trust.|
|The Church
Revitalisation|Trust|307,500|250,000|(23,077)||24,769|CRT bears a share of Central Services costs charged
by I-ITB (see note 13).
CRT bears the cost ofoff-Common
Fund clergy who form part of CRT's
planting
pipeline
and undergo their training at HTB 2022; E801,249 (2021:|
||||||||E685,340).|
||||||||The LDF receive HTB's contribution
to its Common
Fund and re-imbursement|
|London Diocesan
Fund ('LDF')||1,529,263|1,353,607||||for the employment
costs ofoff-Common
Fund clergy.
In addition, the PCC of HTB underwrote
two loans totalling f450,000 (refer
note 26) from the LDFto The Church
Renewal Trust which were for the sole|
||||||||purpose ofthe repairs at St Jude's, Courtfield
Gardens.|
||||||||The Malshanger
Trustees have agreed that, effective 1January 2023, the|
|The Holy Trinity
Malshanger
Trust|||1,440|||78,409|charity
will be dissolved
and the remaining
assets will be allocated to a
restricted
fund
in HTBfor use on Malshanger.
HTB will now work directly with|
||||||||the Colmans to enable the use ofthe house for mission.|
||||||||St Luke's commenced
as a new partnership
with
HTB during 2021.St Luke' s|
||||||||retains its own PCC, but operates
in many ways as a sixth HTB site with the|
|St Luke's Redcliffe
Gardens||50,000|105,000|15,856||15,856|Vicar of HTB also vicar of St Luke's and Dave Matthews,
an HTB curate, as
Associate Vicar. During 2022 HTB granted f50,000towards
its operational|
||||||||costs. In addition,
HTB has committed to a 3-year production
equipment|
||||||||lease for equipment
at St Luke's at a cost off69,960.|