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



_Page 2_ 



**Class and code** 

**This year Last year** 

## **Balance sheet** 

## **Description** 

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



## **Statement of assets and liabilities** 

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



_Page 3_ 



## **Analysis of income and expenditure** 

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



_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 2023** 

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

**Mobile: 07710 456376** 

**E-mail: luke-silver@puresilver.org.uk** 



## **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: 0121 503 0464 

**Kevin Hartle** , 16 St Kenelms Avenue, Halesowen, West Midlands. B63 1DW Tel:0121 550 5714 

**Jeremy Howell,** 2c Bournes Hill, Halesowen, West Midlands. B63 4DZ Tel: 0121 501 2851 

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



23 March 2024 

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