Registered Charity no. 1149238
Harehills Lane Baptist Church Trustees' Annual Report and Accounts
Year Ended 31st December 2023
Harehills Lane Baptist Church
Year Ended 31st December 2023
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Annual Report | 2 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 |
Harehills Lane Baptist Church
Year Ended 31st December 2023
Legal and Administrative Information
Reference
The Charity is called Harehills Lane Baptist Church. The Church is registered with the Charity Commission for England and Wales and was registered on the 5th October 2012. Before this the church was an except charity.
Registered Charity Number
Principal Address
Website
Trustees
Trustee Changes
1149238 13 Hilton Place Leeds West Yorkshire LS8 4HE www.hlbc.org.uk Graeme Dodds Pastor and Team Leader Duncan Moynihan Associate Pastor Elizabeth New Community Worker Bernadette Lynch Judith Moynihan Church Secretary Richard Shonibare Church Treasurer Martin Townshend Richard Shonibare resigned in February 2024
Primary Bankers
Independent Examiner
Virgin Money 1 Briggate Leeds LS1 6EP Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth, Leeds LS25 1AF
1
Harehills Lane Baptist Church
Year Ended 31st December 2023
Trustee's Annual Report
The Trustees present their annual report together with the financial statements of the Trust (“Church”) for the year ended 31 December 2023.
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 (FRS102) (effective 1 January 2019) as detailed in the accounting policies.
Structure, Governance and Management
The Church is a registered charity (number 1149238). The Church registered formally with the charity commission in anticipation of its annual income exceeding the permitted limit of £100,000 which meant that it would no longer qualify as an “excepted charity” which was not required to register. The Constitution dated 17/06/2012 forms its governing document. The Church is a member of the Baptist Union of Great Britain and the Yorkshire Baptist Association.
At the date of registration all existing Trustees were appointed formally as Trustees of the new registered organisation.
The method of appointment of Charity Trustees is set out in the Church Constitution. The membership of the Charity Trustees consists of a minister (Pastor and Team Leader), and a Leadership Team, from within whom the roles of Secretary and Treasurer assigned.
The Pastor, Associate Pastor and Community Worker are permanent roles agreed and appointed by the Church Members’ Meeting. Other Leadership Team are each nominated by two Church members and voted on at a Church Members’ Meeting and serve for a period of 3 years. They may be re-elected for a further period of 3 years after which they must stand down for at least 1 year. The appointing of Trustees is decided within the members of the Leadership Team.
Our Charity Trustee meetings take place monthly, and include prayer, Bible reading, financial matters presented by the Treasurer, along with any other matters that need addressing. Minutes or Trustee meetings are taken by the Secretary, circulated and stored safely for the future.
The Church has two salaried employees, the lead minister and a cleaner; our community worker role is funded through Interserve.
Reference and Administrative Details
The reference and administrative details are shown within the charity information page which forms part of this Trustees Report.
Objectives and Activities
Public Benefit Disclosure
The Trustees have ongoing regard to the guidance issued by the Charity Commission on public benefit both for members of the congregation and people in our local community.
The Church proclaims the Gospel of Jesus Christ. This benefit is available to all who come into contact with the Church in any way. The Charity Trustees of Harehills Lane Baptist Church have the responsibility together with the rest of the Church of seeking the advancement of the Christian faith and the promotion of the whole mission of the Church – pastoral, evangelistic, social and ecumenical.
In line with the model constitution provided by the Baptist Union our governing document states that our principal purpose is the advancement of the Christian faith according to the principles of the Baptist
2
Harehills Lane Baptist Church
Year Ended 31st December 2023
Trustee's Annual Report
denomination to include the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom and the world as the Church shall determine.
Main Activities
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Regular public worship, prayer, Bible study, preaching and teaching, baptism, communion, evangelism and mission.
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Teaching, encouragement, welcome and inclusion of young people (Sunday Club).
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Nurture and growth of Christian disciples.
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Pastoral care.
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Serving our local community e.g. through Courtyard Café and Ladies’ English Drop-in.
Main Achievements of HLBC in 2023
During 2023, HLBC has run a full programme of services and activities. Worship, prayer, preaching, Bible study, children’s Sunday Club activities, house groups, with their pastoral and fellowship functions, have continued throughout the year. A prayer group has continued to run on Zoom, having been found to be highly successful and popular in this format. The Creative Studio arts group, which was begun during Covid restrictions on Zoom, has continued to run successfully both in the church building and online.
Courtyard Cafe on Mondays continued to serve affordable and freshly-cooked food to visitors from across the local community. Customer numbers have increased for both paying lunchgoers and for unwaged/homeless guests who are offered free meals and other food/essentials. As part of Leeds Food Aid Network, the Cafe team have maintained weekly home deliveries of meals to those identified as vulnerable to the Church, gifted regular packages of food and essentials to many local households, and frequently donated additional food resources and surplus to other Leeds organisations. This activity was facilitated by membership of Fareshare Yorkshire and participation in enterprises including Foodiverse.
Our Community Worker continues to run the weekly Ladies’ English Drop-in, serving women of mainly of Asian origin living in the community around the Church.
The Church has increased its rental use over the course of the year, which has benefitted both the community and the Church. Examples of activities hosted include dance classes for OAPs; Aikido classes; circus classes for children; music for toddlers; an amateur orchestra.
We have continued to support external causes through our giving, particularly Operation Mobilisation, Interserve and Tearfund (the latter through a gift day).
Volunteer Contribution
The Church benefits greatly from the contributions made by volunteers from our Church membership, who organise and run the great majority of the activities of the Church. We are also grateful for the contributions made by volunteers from other churches and from the community – this is particularly the case in the Community Café, the English Drop-in and the Creative Studio.
Appropriate training is provided for our volunteers when needed, including Safeguarding Training (working involving children and young people) and Food Hygiene (Courtyard Café).
3
Harehills Lane Baptist Church
Year Ended 31st December 2023
Trustee's Annual Report
Financial Review
During the year total income amounted to £282,627 (2022: £131,661) of which Donations and legacies were the main component and totalled £229,440 (2022: £89,202). Expenditure for the year totalled £95,789 (2022: £80,175), making net income for the year of £186,838 (2022: £51,486). The two main components of expenditure are staff costs and premises costs.
At the balance sheet date, the Church had total funds of £943,478 (2022: £756,640). Uncommitted reserves freely available for Church charitable activities was £100,461 (2022: £69,134).
Thanks largely to a substantial legacy received this year, the Church’s accounts show a much greater surplus than usual. The legacy was left to help the Church improve its buildings to benefit both Church members and the community, and a consultation process has been initiated to enable decision-making regarding this.
Principal Sources of Funding
The Church’s principal source of funds is individual donations, the largest of which this year has been the legacy mentioned above.
Reserve Fund
We hold a ring-fenced reserve to cover the eventuality of needing to notify any employee, principally the Pastor (£20,000).
This report was approved by the Trustees on …………….……………………and signed on their behalf by: 23/10/2024
Chair
Judith Moynihan
4
Harehills Lane Baptist Church
Year Ended 31st December 2023
Independent Examiners Report
I report to the trustees on my examination of the financial statements of Harehills Lane Baptist Church ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I have listed any material matters that have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act, or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
Nigel Wyatt BSC FCA Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
Date: 30/10/2024
5
Harehills Lane Baptist Church
Year Ended 31st December 2023
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 226,088 | 2,952 | 229,040 | 89,202 | |
| Charitable activities | 35,069 | - | 35,069 | 35,901 | |
| Activities for generating income | 8,494 | - | 8,494 | 5,725 | |
| Investment income | 10,024 | - | 10,024 | 833 | |
| Other | - | - | - | - | |
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||
| Total Income | 2 | 279,675 | 2,952 | 282,627 | 131,661 |
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||
| Expenditure | |||||
| Expenditure on charitable activities | 3 | 93,737 | 2,052 | 95,789 | 80,175 |
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| Total Expenditure | 93,737 | 2,052 | 95,789 | 80,175 | |
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||
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| Net Income / (Expenditure) | 185,938 | 900 | 186,838 | 51,486 | |
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||
| Net Income and Net Movement in Funds | |||||
| Total funds brought forward | 11 | 756,640 | - | 756,640 | 705,154 |
| Transfers | 11 | - | - | - | - |
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| Total Funds Carried Forward | 11 | 942,578 | 900 | 943,478 | 756,640 |
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All income and expenditure derive from continuing activities.
6
Harehills Lane Baptist Church
Year Ended 31st December 2023
Statement of Financial Position
| Statement of Financial Position | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| Fixed Assets | |||
| Tangible fixed assets | 8 | 675,678 | 662,939 |
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||
| 675,678 | 662,939 | ||
| Current Assets | |||
| Debtors | 9 | 10,900 | 9,636 |
| Cash at bank and in hand | 258,220 | 84,065 | |
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||
| 269,120 | 93,701 | ||
| Creditors: amounts falling due within one year | 10 | 1,320 | - |
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||
| Net Current Assets | 267,800 | 93,701 | |
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||
| Total Assets Less Current Liabilities | 943,478 | 756,640 | |
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| Net Assets | 12 | 943,478 | 756,640 |
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||
| Funds of the Charity | |||
| Restricted funds | 11 | 4,200 | - |
| Unrestricted funds | 11 | ||
| Unrestricted general | 100,461 | 69,134 | |
| Designated funds | 838,817 | 687,506 | |
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| 939,278 | 756,640 | ||
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| Total Charity Funds | 943,478 | 756,640 | |
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| Trustees' Responsibilities |
These financial statements were approved by the board of trustees and authorised for issue:
Judith Moynihan Name of Trustee: ─────────────────────────────────────────────────── Signed on Behalf of the Trustees: ─────────────────────────────────────────────────── Date of Approval:
23/10/2024
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7
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
1 Accounting Policies
Basis of Preparation
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP FRS102).
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the Church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the Church is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
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Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Resources Expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs 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.
The diocesan parish share expected to be paid over is accounted for when due.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible Fixed Assets
All assets costing more than £750 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time and estimated useful life of the asset.
Fixtures and Fittings 5 - 20 years straight-line
Tangible fixed assets, including buildings and extensions, are stated at cost or, where a reliable market valuation is not available, at a reasonable estimate of fair value. The Church's building, purchased in 1910, and its extension, built in 1929, are classified as tangible fixed assets of significant historical and cultural importance. Due to the absence of a reliable market valuation and the impracticality of obtaining a professional valuation, the trustees have adopted the inflated historical cost method to estimate the fair value of these assets.
This method adjusts the original purchase prices of £5,494 for the Church and £7,750 for the extension for inflation using the Retail Price Index (RPI). As of the 2024 reporting date, the combined value of the Church building and its extension is £362,939, based on RPI adjustments.
The trustees have decided that no depreciation is applied to the building and its extension due to their heritage status and the fact that their value is not expected to diminish over time. The value will be reviewed periodically for impairment, and adjustments will be made if necessary.
Subsequent valuations of the building and its extension will be reassessed regularly. If market conditions allow or professional valuations become feasible, the trustees may consider revising the valuation method in future years.
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Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
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Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
| **2 ** | Analysis of Income | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations and Legacies | ||||
| Donations | 60,751 | 2,952 | 63,703 | |
| Gift aid | 10,132 | - | 10,132 | |
| Legacy income | 145,605 | - | 145,605 | |
| Grants | 9,600 | - | 9,600 | |
| ────────── | ────────── | ────────── | ||
| 226,088 | 2,952 | 229,040 | ||
| Charitable Activities | ||||
| Café income | 4,458 | - | 4,458 | |
| Church room hire income | 30,611 | - | 30,611 | |
| ────────── | ────────── | ────────── | ||
| 35,069 | - | 35,069 | ||
| Activities for Generating Income | ||||
| Flat rental income | 5,400 | - | 5,400 | |
| Flat utilities income | 3,094 | - | 3,094 | |
| ────────── | ────────── | ────────── | ||
| 8,494 | - | 8,494 | ||
| Investment Income | ||||
| Bank interest | 10,024 | - | 10,024 | |
| ────────── | ────────── | ────────── | ||
| 10,024 | - | 10,024 | ||
| Other | ||||
| Other income | - | - | - | |
| ────────── | ────────── | ────────── | ||
| - | - | - | ||
| ────────── | ────────── | ────────── | ||
| Total Income | 279,675 | 2,952 | 282,627 | |
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11
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
2 Analysis of Income (Continued)
| Analysis of Income(Continued) | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations and Legacies | |||
| Donations | 58,085 | 3,940 | 62,025 |
| Gift aid | 19,377 | - | 19,377 |
| Legacy income | - | - | - |
| Grants | 7,800 | - | 7,800 |
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|
| 77,462 | 3,940 | 89,202 | |
| Charitable Activities | |||
| Café income | 2,174 | - | 2,174 |
| Church room hire income | 33,727 | - | 33,727 |
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|
| 35,901 | - | 35,901 | |
| Activities for Generating Income | |||
| Flat rental income | 5,400 | - | 5,400 |
| Flat utilities income | 325 | - | 325 |
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|
| 5,725 | - | 5,725 | |
| Investment Income | |||
| Bank interest | 833 | - | 833 |
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|
| 833 | - | 833 | |
| Other | |||
| Other income | - | - | - |
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|
| - | - | - | |
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|
| Total Income | 119,921 | 3,940 | 131,661 |
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12
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
3 Expenditure on Charitable Activities by Fund Type
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Administration | 4,648 | - | 4,648 |
| Café | - | 100 | 100 |
| Church Activities | 7,493 | - | 7,493 |
| Premises costs | 18,443 | - | 18,443 |
| Flat premises costs | 3,851 | - | 3,851 |
| Manse premises costs | 3,948 | - | 3,948 |
| Missionary and giving | 13,966 | 1,952 | 15,918 |
| Other Mission | 1,400 | - | 1,400 |
| Staff salaries | 39,350 | - | 39,350 |
| Staff related costs | 638 | - | 638 |
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|
| 93,737 | 2,052 | 95,789 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Administration | 4,265 | - | 4,265 |
| Café | 884 | - | 884 |
| Church Activities | 932 | - | 932 |
| Premises costs | 8,310 | - | 8,310 |
| Flat premises costs | 1,354 | - | 1,354 |
| Manse premises costs | 7,186 | - | 7,186 |
| Missionary and giving | 10,404 | 3,855 | 14,259 |
| Other Mission | 2,924 | - | 2,924 |
| Staff salaries | 40,061 | - | 40,061 |
| Staff related costs | - | - | - |
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| 76,320 | 3,855 | 80,175 | |
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4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further details about volunteer contributions to the organisation.
5 Independent Examination Fees
| Fees payable to the independent examiner for | 2023 | 2022 |
|---|---|---|
| £ |
£ | |
| Independent examination and preparation of the financial statements |
1,320 | - |
13
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
6 Staff Costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | |
|---|---|
| £ | |
| Wages and salaries | 32,171 |
| Social security costs | - |
| Employer contributions to pension plans | 7,286 |
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|
| 39,457 | |
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The average headcount of employees during the year was as follows:
| 2023 | |
|---|---|
| Average Headcount | 2 |
Number of employees that received employees benefits of more than £60,000 during the year was as follows:
2023 - More than £60,000
Key Management Personnel
The charity considers its key management personnel to be the Leadership team which is made up of paid staff and unpaid leadership positions. The total employee benefits received by key management were £40,221.
7 Trustee Remuneration, Expenses and Donations
During the year, one trustee received remuneration as an employee of the charity. G. Dodds was employed in a leadership role within the Church and was not compensated for their role as a trustee. The total remuneration received during the year, including employer's National Insurance and pension contributions, was £40,221.
During the year, two trustees incurred out-of-pocket expenses totaling £85, all of which related to the day-to-day running of the charity's activities. These expenses included church running costs, maintenance and repairs, and other charitable activity expenditures.
During the year the total aggregated donations made to the charity by the trustees and associated related parties during the year was £8,540.
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Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
8 Tangible Fixed Assets
| Equipment & | |||
|---|---|---|---|
| Fixtures and | |||
| Buildings | Fittings | Total | |
| £ | £ | ||
| Cost as at 1st January 2023 | 662,939 | - | 662,939 |
| Additions | - | 13,649 | 13,649 |
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|
| Cost as at 31st December 2023 | 662,939 | 13,649 | 676,588 |
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|
| Depreciation as at 1st January 2023 | - | - | - |
| Depreciation charge | - | 910 | 910 |
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|
| Depreciation as at 31st December 2023 | - | 910 | 910 |
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|
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|
| Net book value as at 31st December 2023 | 662,939 | 12,739 | 675,678 |
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|
| Net book value as at 31st December 2022 | 662,939 | - | 662,939 |
This is the first year that the charity has prepared its financial statements in accordance with FRS 102 and the Charities SORP (FRS 102), having transitioned from a receipts and payments basis to an accruals-based accounting framework. As part of this transition, the charity has recognised a significant tangible fixed asset — the Church building and its extension — in the financial statements for the first time.
The Church building was originally purchased in 1910 for £5,494, and an extension was added in 1929 at a cost of £7,750. Due to the building’s historical significance and the specialised nature of the asset, obtaining a reliable market valuation has proven impractical, as no active market exists for comparable buildings and professional valuation could not be obtained within the required time frame.
As a result, the Church building and extension have been valued using the inflated historical cost method, in accordance with FRS 102 Paragraph 17.31, which permits the use of a reasonable estimate of fair value where a reliable market value is not available. The original purchase costs have been adjusted for inflation using the Retail Price Index (RPI), resulting in a combined carrying value of £362,939.
Key assumptions used in this valuation:
1) The RPI index for 1910 was 10.0 and for 1929 was 17.6. The RPI index for 2024 is 356.4.
2) No further adjustments for depreciation have been applied due to the age and status of the building and its extension.
15
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
9 Debtors
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Accounts receivable | 10,900 | 9,636 |
| Prepayments | - | - |
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|
| 10,900 | 9,636 | |
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|
| Creditors: Amounts falling due within one year | ||
| 2023 | 2022 | |
| £ | £ | |
| Accruals | 1,320 | - |
| Loan | - | - |
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|
| 1,320 | - | |
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10 Creditors: Amounts falling due within one year
11 Analysis of Charitable Funds
Unrestricted Funds
| 1 Jan 2023 | Income | Expenditure | Gains/Loses | Transfers 31 Dec 2023 | Transfers 31 Dec 2023 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 69,134 | 118,409 | (87,082) | - | - | 100,461 |
| Designated | ||||||
| J Toner Legacy | - | 151,666 | (355) | - | - | 151,311 |
| J Toner Legacy - Worship |
4,000 | - | - | - | - | 4,000 |
| Reserves | 20,567 | - | - | - | - | 20,567 |
| Asset Fund | 662,939 | - | - | - | - | 662,939 |
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|
| Total Unrestricted | 756,640 | 270,075 | (87,437) | - | - | 939,278 |
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|
| Restricted Funds | ||||||
| Hilton Place Community | - | 1,000 | (100) | - | - | 900 |
| Missionary Fund | - | 1,790 | (1,790) | - | - | - |
| Household Support Fund |
- | 9,600 | (6,300) | - | - | 3,300 |
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|
| Total | - | 12,552 | (8,352) | - | - | 4,200 |
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|
| Total Funds | 756,640 | 282,627 | (95,789) | - | - | 943,478 |
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16
Harehills Lane Baptist Church
Year Ended 31st December 2023
Notes to the Financial Statements
Fund Names
Designated
J Toner Legacy Reserves Asset Fund
Legacy gift to the Church from estate of a Church member. General rereves following the reserves policy of the Church. A fund to hold the balance of the total fixed assets of the Church.
Restricted Funds
J Toner Legacy - Worship
Hilton Place Community
Missionary Fund Special Collections Household Support Fund
Gift of £4000 from the Estate of J Toner in 2022 addressed to 'HLBC Worship and PA Group'.
A donation of £1000 made by a film production company to foster good relations between Church and neighbours in Hilton Place.
Collection over limited period of time from Church members to support a missionary family who were based with the Church. Collections for specific causes/gift days.
Grant income from the Household Support Fund from Leeds City Council, distributed by LCCT for Unity in Poverty Action. Fund used and managed by the Courtyard Cafe Team to support local needs for food and essential household items.
12 Analysis of Net Assets Between Funds
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Fixed assets | 675,678 | - | 675,678 |
| Current assets | 264,920 | 4,200 | 269,120 |
| Creditors less than 1 year | (1,320) | - | (1,320) |
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|
| 939,278 | 4,200 | 943,478 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Fixed assets | 662,939 | - | 662,939 |
| Current assets | 93,701 | - | 93,701 |
| Creditors less than 1 year | - | - | - |
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|
| 756,640 | - | 756,640 | |
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13 Related Party Transactions
No related party transactions took place during the year.
17