2023-12-31-accounts

Hasbury Community Church

Annual Report

Year ending 2023

• Introduction

• Income has increased over the previous year by £3,530. (A grant of £9,410 for refurbishment work was received in addition to this). Expenditure increased by £3,798 over the previous year. This was due mainly to increased electricity costs and legal costs relating to the updating of the trusts and land registry.

• 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 maintain 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.

• o Mission Aviation Fellowship.

• We have had to reduce our support for Hands at Work as we could no longer maintain the very high level of support previously set up. In July, this reduced from £300 to £150 per month

• Room hire- Income generated totaled £4,360. This is down on the historical typical annual income of around £6,000.

Overall, the year has seen a deficit of £6,077

• Conclusion

Overall, income is lagging behind spending and capital reserves are being depleted. However, half of the current deficit is due to current legal costs relating to trusts and land registry and will not be ongoing. Also, there is an increase in giving which is very encouraging. The underlying trend indicates that capital reserves will start to build up in latter half of 2024 and during 2025. It is anticipated that the improvements to the insulation will reduce fuel costs for 2024 and onwards.

Current cash reserves are 154% of annual income which is adequate for safe operation, but we are mindful of the need to increase income further. Significant capital spending is taking place during 2024 to replace the roof and improving insulation to the rear building, plus additional improvements. This capital project will be fully funded by grants from external trusts and from specific giving by the members. There will be no drain on the capital reserves (other than for temporary cash flow purposes).

This report dated: May 2024

Page 1

Statement of Financial Activities

	Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds
Income and endowments from: Donations, Legacies and similar incoming resources Investments Other income Total income and endowments from: Expenditure on: Activities in furtherance of the charity's objects Total expenditure on: Net income / (expenditure) Transfers Gross transfers between funds - in Gross transfers between funds - out Net income / (expenditure) Other recognised gains / losses Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Lunch Club Fixed Assests Thursday at 2 Restricted Fixed Assests Hands At Work New Building Fund	26,521 1,252 — 27,773 25,017 532 — — 532 53 5,676 9,410 — 15,086 5,380
	32,729 10,662 — 43,391 30,451 39,759 300 — 40,059 36,261
	39,759 300 — 40,059 36,261
	(7,029) 10,362 — 3,332 (5,810) 600 — — 600 400 (600) — — (600) (400)
	(7,029) 10,362 — 3,332 (5,810)
	(7,029) 10,362 — 3,332 (5,810)
	546,845 (1,392) — 545,453 551,263
	539,816 8,969 — 548,785 545,453 72,908 — — 72,908 79,779 9 — — 9 167 466,643 — — 466,643 466,643 255 — — 255 255 — (227) — (227) (227) — (213) — (213) (1,165) — 9,410 — 9,410 —

Page 2

Class and code

This year Last year

Balance sheet

Description

Fixed assets 1303 Buildings 1304 Contents 1305 Minibus Peugeot 2019 Total Fixed assets Current assets 1401 HSBC Acc 20388106 1403 Cash in hand 1406 HSBC Business deposit acc Total Current assets Liabilities 6699 Agency collections Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Z02 Other gains/(losses) Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total	445,338 445,338 26,995 26,995 24,227 24,227
	496,560 496,560 15,423 12,872 469 219 36,372 35,840
	52,264 48,932 40 40
	40 40
	548,785 545,453
	3,332 (5,810) 545,453 551,263 — —
	548,785 545,453 72,908 79,779 466,907 467,066 8,969 (1,392) — —
	548,785 545,453

Statement of assets and liabilities

	General Designated Restricted Endowment This year Last year
Fixed assets - Tangible assets Buildings - Contents - Minibus Peugeot 2019 - Totals Current assets - Cash at bank and in hand HSBC Acc 20388106 - Cash in hand - HSBC Business deposit acc - Totals Liabilities - Agency accounts Agency collections - Totals Grand total	— 445,338 — — 445,338 445,338 — 26,995 — — 26,995 26,995 — 24,227 — — 24,227 24,227
	6,495 490,293 (227) — 496,560 496,560 29,763 (23,572) 9,232 — 15,423 12,872 277 186 5 — 469 219 36,372 — — — 36,372 35,840
	66,413 (23,385) 9,237 — 52,264 48,932 — — 40 — 40 40
	— — 40 — 40 40
	72,908 466,907 8,969 — 548,785 545,453

Page 3

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 2,455 — — — 2,455 1,501 Gift Aid Cash 100 — — — 100 — Gift Aid SO 9,794 — — — 9,794 8,884 Misc gifts 10,089 — — — 10,089 8,830 Tax Refund 1,246 — — — 1,246 2,962 Lunch Club Gifts — 1,341 — — 1,341 837 Little Fishes Gifts 1,495 — — — 1,495 1,090 Gifts for Hands at Work — — 1,252 — 1,252 910 Total 25,180 1,341 1,252 — 27,773 25,017 Investments Interest 532 — — — 532 53 Total 532 — — — 532 53 Other income Room hire 4,361 — — — 4,361 3,595 Solar Feed in tariff 933 — — — 933 1,540 Other incme 381 — 9,410 — 9,791 245 Total 5,676 — 9,410 — 15,086 5,380	Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations, Legacies and similar incoming resources Cash gifts 2,455 — — — 2,455 1,501 Gift Aid Cash 100 — — — 100 — Gift Aid SO 9,794 — — — 9,794 8,884 Misc gifts 10,089 — — — 10,089 8,830 Tax Refund 1,246 — — — 1,246 2,962 Lunch Club Gifts — 1,341 — — 1,341 837 Little Fishes Gifts 1,495 — — — 1,495 1,090 Gifts for Hands at Work — — 1,252 — 1,252 910 Total 25,180 1,341 1,252 — 27,773 25,017 Investments Interest 532 — — — 532 53 Total 532 — — — 532 53 Other income Room hire 4,361 — — — 4,361 3,595 Solar Feed in tariff 933 — — — 933 1,540 Other incme 381 — 9,410 — 9,791 245 Total 5,676 — 9,410 — 15,086 5,380
	25,180 1,341 1,252 — 27,773 25,017 532 — — — 532 53
	532 — — — 532 53 4,361 — — — 4,361 3,595 933 — — — 933 1,540 381 — 9,410 — 9,791 245
	5,676 — 9,410 — 15,086 5,380
INCOME TOTAL	31,388 1,341 10,662 — 43,391 30,451
EXPENDITURE Activities in furtherance of the charity's objects Catering 710 — — — 710 750 Cleaning & Domestic 451 — — — 451 190 Electricity 3,408 — — — 3,408 1,684 Gas 1,006 — — — 1,006 1,216 Insurance - church 2,053 — — — 2,053 1,833 Phone,Post,Stationer 813 — — — 813 479 Water 134 — — — 134 127 Mini bus fuel — — — — — 60 Minibus general 1,875 — — — 1,875 1,352 Building maint & rep 2,958 — — — 2,958 3,011 Support R. Chalklem 960 — — — 960 1,160 Support Rachel Newby 720 — — — 720 720 Other Speakers — — — — — 75 Equipment 147 — — — 147 522 Other Gifts 100 — — — 100 1,247 Sundry Expenses 1,431 — — — 1,431 703 Admin and Management 3,724 — — — 3,724 715 bank charges 111 — — — 111 110 Christian Child Protect Agency 232 — — — 232 276 Support Paul Chandran 960 — — — 960 960 Support Paul Willmot 780 — — — 780 780 Lunch Club Expenditure — 899 — — 899 748 Hands At Work 2,400 — 300 — 2,700 3,600 Support Mission Aviation Fellowship 960 — — — 960 960 Youth, Children's & Outreach 14 — — — 14 — Net Salaries 9,830 — — — 9,830 9,915 NI - Employee 112 — — — 112 197 NI - Church 33 — — — 33 — Income Tax 2,371 — — — 2,371 2,172 Pension Payments - Employee 257 — — — 257 307 Pension Payments - Church 301 — — — 301 384 Total 38,859 899 300 — 40,059 36,261
	38,859 899 300 — 40,059 36,261
EXPENDITURE TOTAL	38,859 899 300 — 40,059 36,261
GRAND TOTAL	(7,471) 441 10,362 — 3,332 (5,810)

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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 2023

Luke Silver Accountancy & Taxation Services 25 Ellicombe Close Minehead Somerset TA24 6DQ

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 2023

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: 25 March 2024

Luke Silver HNC Business & Finance / Accountancy Practitioner

25 Ellicombe Close, Minehead, Somerset. TA24 6DQ

HASBURY CHRISTIAN FELLOWSHIP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

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

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

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

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

Deborah Dean, 62 George Road, Halesowen, B63 4DF

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

25 March 2024

Hasbury Community Church - 1140446

Statement of Financial Activities

For the period from 01 January 2023 to 31 December 2023

	Unrestricted	Restricted	Endowment	Total	Prior year
	funds	funds	funds	funds	total funds
Income and endowments from:
Donations, Legacies and similar incoming resources	26,521	1,252	—	27,773	25,017
Investments	532	—	—	532	53
Other income	5,676	9,410	—	15,086	5,380
Total income	32,729	10,662	—	43,391	30,451
Expenditure on:
Activities in furtherance of the charity's objects	39,759	300	—	40,059	36,261
Total expenditure	39,759	300	—	40,059	36,261
Gains / losses on investment assets	—	—	—	—	—
Net income / (expenditure) resources before transfer	(7,029)	10,362	—	3,332	(5,810)
Transfers
Gross transfers between funds - in	600	—	—	600	400
Gross transfers between funds - out	(600)	—	—	(600)	(400)
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use	—	—	—	—	—
Net movement in funds	(7,029)	10,362	—	3,332	(5,810)
Reconciliation of funds
Total funds brought forward	546,845	(1,392)	—	545,453	551,263
Total funds carried forward	539,816	8,969	—	548,785	545,453

There may be minor discrepancies in the totals if the pence are not being shown

24 March 2024 Page 1

Hasbury Community Church - 1140446

Balance Sheet detailed

		31/12/2023 31/12/2022 As at As at
Fixed assets — 1301: Minibus Ford 2004 — 445,338.00 1303: Buildings 445,338.00 26,995.00 1304: Contents 26,995.00 24,227.71 1305: Minibus Peugeot 2019 24,227.71 — 1306: Minibus Peugeot 2016 — 496,560.71 Total Fixed assets 496,560.71 Current assets 15,423.12 1401: HSBC Acc 20388106 12,872.29 469.23 1403: Cash in hand 219.76 36,372.58 1406: HSBC Business deposit acc 35,840.58 — 1407: Stewardship Deposit — 52,264.93 Total Current assets 48,932.63 Liabilities 40.00 6699: Agency collections 40.00 40.00 Total Liabilities 40.00 548,785.64 Net Asset surplus (deficit) 545,453.34 Reserves 3,332.30 Excess / (deficit) to date (5,810.53) 545,453.34 Z01: Starting balances 551,263.87 — Z02: Other gains/(losses) — 548,785.64 Total Reserves 545,453.34 72,908.40 Unrestricted 79,779.66 466,907.86 Designated 467,066.30 8,969.38 Restricted (1,392.62) — Endowment — Represented by Funds 548,785.64 545,453.34 Total

23 March 2024

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