2021-12-31-accounts

Hasbury Christian Fellowship

End of Year Financial Statements

Year ending 2021

• Introduction

• During 2021, the church’s activities were still significantly impacted by Covid restrictions. Therefore 2021 was not a typical year and financial turnover was significantly reduced.

• Income is down by £1496 over the previous year. Expenditure increased by £685 over the previous year. This was due to extra one off gifts to Paul Chandran and Hands At Work in response to specific difficulties arising from the pandemic impact in India and Africa.

• No depreciation has been applied to the minibus this year due to the increased value of used vehicles as a result of high demand and limitations in the supply of new vehicles.

• We have continued to give or increased our regular financial support for

• Joy Howell and her work in Hasbury and Halesowen

• Paul Willmott and his work in local schools;

• Paul Chandren and his work in Karola, South India;

• Richard Chalklen and his work in South Africa;

• Rachel Newby and her work in the Democratic Republic of Congo;

• Hand At Work and their work in Africa.

• Mission Aviation Fellowship.

• Room hire- Income generated totaled £2454 as room hire started to recover towards the end of the year. This is down on a typical annual income of around £6000.

Overall, the year has seen a deficit of £3,140

• Conclusion

Overall, income is lagging behind spending and capital reserves are being depleted.

Current cash reserves are 162% of annual income which is adequate for safe operation, but we are mindful of the continuing trend of falling income over the recent years and potential impact of this on reserves. Moves are in place to avoid the possibility of future deficits.

This report dated: May 2022

Page 1

Hasbury Christian Fellowship

Accounts

Year ending 2021

Statement of Financial Activities

Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds	Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds
Income and endowments from:
Donations, Legacies and similar incoming resources	27,063 955 — 28,018 27,580
Investments	62 — — 62 130
Other income	2,454 — — 2,454 4,320
Total income	29,579 955 — 30,534 32,031
Expenditure on:
Activities in furtherance of the charity's objects	33,675 — — 33,675 35,681
Total expenditure	33,675 — — 33,675 35,681
Net income / (expenditure) resources before transfer	(4,095) 955 — (3,140) (3,650)
Transfers
Gross transfers between funds - in	100 — — 100 —
Gross transfers between funds - out	(100) — — (100) —
Other recognised gains / losses
Gains / losses on investment assets	— — — — —
Gains on revaluation, fxed assets, charity's own use	— — — — —
Net movement in funds	(4,095) 955 — (3,140) (3,650)
Total funds brought forward	554,061 342 — 554,404 558,054
Total funds carried forward	549,966 1,297 — 551,263 554,404
Represented by
Unrestricted
General fund	82,589 — — 82,589 86,467
Designated
Lunch Club	478 — — 478 599
Fixed Assests	466,643 — — 466,643 466,643
Thursday at 2	255 — — 255 351
Restricted
Fixed Assests	— (227) — (227) (227)
Hands At Work	— 1,525 — 1,525 570

Page 1

Balance sheet

Class and code Description	This year Last year
Fixed assets
1301 Minibus Ford 2004	— —
1303 Buildings	445,338 445,338
1304 Contents	26,995 26,995
1305 Minibus Peugeot 2019	24,227 24,227
1306 Minibus Peugeot 2016	— —
Total Fixed assets	496,560 496,560
Current assets
1401 HSBC Acc 20388106	13,576 16,116
1403 Cash in hand	76 164
1406 HSBC Business deposit acc	10,802 10,801
1407 Stewardship Deposit	30,863 30,801
Total Current assets	55,318 57,883
Liabilities
6699 Agency collections	615 40
Total Liabilities	615 40
Net Asset surplus(defcit)	551,263 554,404
Reserves
Excess / (defcit) to date	(3,140) (3,650)
Z01 Starting balances	554,404 558,054
Z02 Gains/(losses) on investment assets	— —
Total Reserves	551,263 554,404
Represented by funds
Unrestricted	82,589 86,467
Designated	467,376 467,594
Restricted	1,297 342
Endowment	— —
Total	551,263 554,404

Statement of assets and liabilities

year	GeneralDesignatedRestrictedEndowmentThis year Last
Fixed assets - Tangible assets
Minibus Ford 2004 - Hasbury Christian Fellowship	(3,504) 3,732 (227) — — —
Buildings - Hasbury Christian Fellowship	— 445,338 — — 445,338 445,338
Contents - Hasbury Christian Fellowship	— 26,995 — — 26,995 26,995
Minibus Peugeot 2019 - Hasbury Christian Fellowship	— 24,227 — — 24,227 24,227
Minibus Peugeot 2016 - Hasbury Christian Fellowship	10,000 (10,000) — — — —
Totals	6,495 490,293 (227) — 496,560 496,560
Current assets - Cash at bank and in hand
HSBC Acc 20388106 - Hasbury Christian Fellowship	34,331 (22,895) 2,140 — 13,576 16,116
Cash in hand - Hasbury Christian Fellowship	97 (20) — — 76 164
HSBC Business deposit acc - Hasbury Christian Fellowship	10,802 — — — 10,802 10,801
Stewardship Deposit - Hasbury Christian Fellowship	30,863 — — — 30,863 30,801
Totals	76,094 (22,916) 2,140 — 55,318 57,883
Liabilities - Agency accounts

Page 2

Agency collections - Hasbury Christian Fellowship	— — 615 — 615 40
Totals	— — 615 — 615 40
Grand total	82,589 467,376 1,297 — 551,263 554,404

Fund movement by type

Opening Incoming Outgoing TransfersGains/losses Closing

	Opening Incoming Outgoing TransfersGains/losses Closing
HAW - Hands At Work
Restricted	570 955 — — — 1,525
Sub-total for HAW	570 955 — — — 1,525
Thurs-at-2 - Thursday at 2
Designated	351 — 96 — — 255
Sub-total for Thurs-at-2	351 — 96 — — 255
General - General fund
Unrestricted	86,467 29,308 33,286 100 — 82,589
Sub-total for General	86,467 29,308 33,286 100 — 82,589
Property - Fixed Assests
Designated	466,643 — — — — 466,643
Restricted	(227) — — — — (227)
Sub-total for Property	466,415 — — — — 466,415
Lunchclub - Lunch Club
Designated	599 271 292 (100) — 478
Sub-total for Lunchclub	599 271 292 (100) — 478
Grand total	554,404 30,534 33,675 — — 551,263

Analysis of income and expenditure

Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations, Legacies and similar incoming resources Cash gifts 2,737 — — — 2,737 941 Gift Aid Cash 50 — — — 50 — Gift Aid SO 9,214 — — — 9,214 13,612 Misc gifts 11,165 — — — 11,165 10,025 Tax Refund 3,504 — — — 3,504 936 special appeal collection — — — — — — Lunch Club Gifts — 271 — — 271 228 Little Fishes Gifts 120 — — — 120 327 Gifts for Hands at Work — — 955 — 955 1,510 Total 26,791 271 955 — 28,018 27,580 Investments Interest 62 — — — 62 130 Total 62 — — — 62 130 Other income Room hire 2,454 — — — 2,454 2,365 Quidco — — — — — — Solar Feed in tarif — — — — — 1,955 Other incme — — — — — —	Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations, Legacies and similar incoming resources Cash gifts 2,737 — — — 2,737 941 Gift Aid Cash 50 — — — 50 — Gift Aid SO 9,214 — — — 9,214 13,612 Misc gifts 11,165 — — — 11,165 10,025 Tax Refund 3,504 — — — 3,504 936 special appeal collection — — — — — — Lunch Club Gifts — 271 — — 271 228 Little Fishes Gifts 120 — — — 120 327 Gifts for Hands at Work — — 955 — 955 1,510 Total 26,791 271 955 — 28,018 27,580 Investments Interest 62 — — — 62 130 Total 62 — — — 62 130 Other income Room hire 2,454 — — — 2,454 2,365 Quidco — — — — — — Solar Feed in tarif — — — — — 1,955 Other incme — — — — — —
	— — 955 — 955 1,510
	26,791 271 955 — 28,018 27,580
	62 — — — 62 130
	62 — — — 62 130 2,454 — — — 2,454 2,365 — — — — — — — — — — — 1,955
	— — — — — —
Total	2,454 — — — 2,454 4,320

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INCOME TOTAL 29,308

271 955 —

30,534 32,031

EXPENDITURE

Activities in furtherance of Catering Cleaning Electricity Gas Insurance - church Phone,Post,Stationer Water Mini bus fuel Minibus general Building maint & rep Support L Hardwick Support R. Chalklem Support Rachel Newby Other Speakers Equipment Sunday school Other Gifts Sundry Expenses Admin and Management bank charges Christian Child Protect Agency Support Paul Chandran Support Paul Willmot Lunch Club Expenditure Hands At Work Support Mission Aviation Fellowship Youth, Children's & Outreach depreciation Net Salaries NI - Employee NI - Church Income Tax Pension Payments - Employee Pension Payments - Church	the charity's objects 187 — — — 187 327 137 — — — 137 212 732 — — — 732 896 1,524 — — — 1,524 19 1,730 — — — 1,730 1,633 441 — — — 441 397 121 — — — 121 119 55 — — — 55 124 1,267 — — — 1,267 1,140 1,027 — — — 1,027 1,676 — — — — — — 960 — — — 960 840 720 — — — 720 720 — — — — — — 53 — — — 53 2,133 — — — — — — 2,009 158 — — 2,167 3,746 1,184 — — — 1,184 527 612 — — — 612 662 10 — — — 10 2 129 — — — 129 193 2,765 — — — 2,765 860 780 — — — 780 690 — 230 — — 230 188 3,750 — — — 3,750 3,150 960 — — — 960 860 74 — — — 74 62 — — — — — 2,691 9,215 — — — 9,215 9,063 279 — — — 279 276 — — — — — — 2,188 — — — 2,188 1,986 163 — — — 163 212
	204 — — — 204 265
Total	33,286 388 — — 33,675 35,681
EXPENDITURE TOTAL	33,286 388 — — 33,675 35,681
GRAND TOTAL	(3,978) (117) 955 — (3,140) (3,650)

Page 4

HASBURY CHRISTIAN FELLOWSHIP

26 ALBERT ROAD

HALESOWEN

WEST MIDLANDS

B63 4SW

Registered Charity No 1140466

STATEMENT OF ACCOUNT

AND

INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Luke Silver Accountancy & Taxation Services 12 Oliver Street Pontypridd Mid Glamorgan CF37 2RD

Mobile: [phone]

E-mail: [e-mail]

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Receipts and Payments Accounts

Report to the trustees/members of Hasbury Christian Fellowship

Registered Charity number 1140466

On the accounts for the year ended 31 December 2021

Set out on the following pages

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

• Examine the accounts (under section 145 of the 2011 Act;

• To follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and

• State whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that in any material respect the requirements

• to keep accounting records in accordance with section130 of the 2011 Act; and

• 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) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed L A Silver

Date: 14 June 2022

Luke Silver HNC Business & Finance / Accountancy Practitioner

• 12 Oliver Street, Pontypridd, Mid Glamorgan. CF37 2RD

HASBURY CHRISTIAN FELLOWSHIP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

ACTIVITIES REVIEW

The financial results are set out in the enclosed accounts.

The principal activity throughout the year under review was that of the advancement of the Christian faith and the extension of the Kingdom of God

TRUSTEES

Kevin Hartle , (Chairman) 16 St Kenelms Avenue, Halesowen, West Midlands. B63 1DW Tel:[phone]

David Morris, 38 St Margarets Avenue, Halesowen, West Midlands, B63 4BX Tel: [phone]

Leslie Morris, 10 Longmore Road, Halesowen, West Midlands. B63 1AW Tel: [phone]

Jeremy Howell, 2c Bournes Hill, Halewowen, West Midlands. B63 4DZ Tel: [phone]

STATEMENT

We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief.

SIGNED ON BEHALF OF THE TRUSTEES

Please print name _____ Date ____

INDEPENDENT EXAMINER’S REPORT TO TRUSTEES

INTRODUCTION

Thank you for submitting the accounts for independent examination.

CHARITY LAW AND FINANCIAL REGULATIONS

The independent examination has been carried out in accordance with The Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORP)

SIGNING OF ACCOUNTS

I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees and Church Council. A spare copy is enclosed.

CONCLUSION

There are no other matters I feel need to be brought to your attention.

Please do not hesitate to contact me for clarification of for further assistance.

Luke A Silver

14 June 2022