2022-03-31-accounts - Eden International

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HARVESTSPRINGS INTERNATIONAL

Charity No. 1150363

Trustees' Report and Unaudited Accounts

31 March 2022

HARVESTSPRINGS INTERNATIONAL

Contents

	Pages
Trustees' Annual Report	2
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6 to 12
Statement of Cash flows	13
Detailed Statement of Financial Activities	14 to 15

Page 1

HARVESTSPRINGS INTERNATIONAL

Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1150363

Principal Office

Unit A4, Broomsleigh Business Park, Sydenham, London, SE26 5BN

Trustees

The following Trustees served during the year:
Patricia Ivan
Samuel Adeniji
Vince Perri
Omotayo Richards

Accountants

Marie-Andree Scott

OBJECTIVES AND ACTIVITIES

Missions and outreach work
Community work
Faith education

Page 2

HARVESTSPRINGS INTERNATIONAL Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Due to the impact of COVID-19, activities have remained largely limited to the provision of sustenance for our children. Ensuring they have 3 meals a day, clothes including school uniforms and educational materials.

We have experienced significant delays in the release of the NGO registration certificate by the Kenya government Non-Governmental Charity board. We are now investigating the root cause of the delay as the certificate should have been issued in February 2022.

The board of trustees believe it is prudent to limit further infrastructural investments in Kenya until an administrative trip can be completed to put in place a more robust assurance process including establishing the root cause for the delay or non-issue of the NGO certificate.

Assurance and adequate governance remain key issues that international charities experience and must manage when they have operations based in remote Africa.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

P.O. Ivan Trustee 31 March 2022

Page 3

HARVESTSPRINGS INTERNATIONAL Statement of Financial Activities

for the year ended 31 March 2022

Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Total funds 2021 £ 35,331
37,113 1,732 17,917	2,962 13,624 -	40,075 15,356 17,917	35,331 9,349 17,663
19,649 -	13,624 -	33,273 -	27,012 -
17,464 -	(10,662) -	6,802 -	8,319 -
17,464	(10,662)	6,802	8,319
17,464 16,690	(10,662) (1,586)	6,802 15,104	8,319 15,104
34,154	(12,248)	21,906	15,104

Page 4

HARVESTSPRINGS INTERNATIONAL

Balance Sheet

at 31 March 2022

Charity No. 1150363 Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds Restricted income funds 10 Unrestricted funds 10 General funds Reserves 10 Total funds	2022 £ 3,285 3,285 18,823 18,823 (202) 18,621 21,906 21,906 21,906 2,791 2,791 19,115 19,115 21,906	2021 £ 3,914
		3,914 11,393
		11,393 (203)
		11,190 15,104
		15,104
		15,104
		3,121
		3,121 11,983
		11,983
		15,104

Approved by the trustees on 31 March 2022

And signed on their behalf by:

P.O. Ivan Trustee 31 March 2022

Page 5

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of income Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure expenditure is reported gross in the SoFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services and These are only included in income (with an equivalent amount in facilities expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to revaluation of fixed market value at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising These comprise the costs associated with attracting voluntary income, funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Ministry Equipment 10% Straight Line Fixtures & Fittings 10% Straight Line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

HARVESTSPRINGS INTERNATIONAL Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total Funds b/forward Total funds c/ forward 3 Income from donations and legacies Tithes Offerings Gift Aid Donations to the Ministry Retreat Funds 4 Expenditure on charitable activities Expenditure on charitable activities Youth Ministry Kenya Missions Governance costs	Unrestricted £ 22,148 6,128 8,837 - - 37,113 Unrestricted £ 1,732 - 1,732	Unrestricted funds 2021 £ 31,535 31,535 246 17,663 17,909 13,626 Restricted £ - 3,292 - - (330) 2,962 Restricted £ - 13,624 13,624 13,626 13,626 3,064 16,690	Restricted funds 2021 £ 3,796 3,796 9,103 - 9,103 (5,307) (5,307)	Total funds 2021 £ 35,331 3,796 9,349 16,922 27,012 8,319 Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349 8,319 8,319 6,785 15,104	Total funds 2021 £ 35,331 3,796 9,349 16,922 27,012 8,319 Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349 8,319 8,319 6,785 15,104




			(5,307) 3,721		8,319 6,785
			(1,586)		15,104
			Total 2022 £ 22,148 9,420 8,837 - (330) 40,075 Total 2022 £ 1,732 13,624 15,356		Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349

Page 9

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

5 Other expenditure

Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets At 31 March 2021 Net book values At 31 March 2022 At 31 March 2021 Cost or revaluation At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charge for the year	Unrestricted £ 88 15,600 629 1,301 299 17,917 2022 £ 629 Ministry 2,725 2,726 3,271 Equipment £ 5,451 - 5,451 2,180 545	Total 2022 £ - 88 15,600 629 1,301 299 17,917 Fixtures & 279 559 643 Fittings £ 838 - 838 195 84		Total 2021 £ - 70 15,600 628 1,085 280 17,663 2021 £ 628 Total 3,004 3,285 3,914 £ 6,289 - 6,289 2,375 629

Page 10

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

9 Creditors:

amounts falling due within one year

				2022				2021
				£				£
	Bank loans and overdrafts			10				10
	Other loans			-				-
	Other creditors			192				193
	Accruals and deferred income			-				-
				202				203
10	Movement in funds
				Incoming
				resources
				(including		Resources		At 31 March
		At 1	April	other (gains/losses	)	expended		2022
			2021
				£			£	£
	Restricted funds:
	Restricted income funds:
	Offerings - Kenya		-	3,292		(3,292)		0
	Offerings - Other		-	-				-
	Retreat	3,121				(330)		2,791
	Retreat		-	-		-		0
	Total	3,121		3,292		(3,622)		2,791
	Unrestricted funds:
	General funds	11,983		36,783		(29,651)		19,115
	Revaluation Reserves:
	Total funds	15,104		40,075		(33,273)		21,906
	Purposes and restrictions in	relation to the funds:
	Restricted funds:
	Offerings - Kenya	For Kenya Missions
	Retreat	Retreats

11 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted funds £ 3,285 15,033 18,318	Restricted funds £ - 3,588 3,588	Total £ 3,285 18,621
			21,906

Page 11

HARVESTSPRINGS INTERNATIONAL Notes to the Accounts

12 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Borrowings Bank loans Net debt	At 1 April 2021 £ 11,393 11,393 - (10) (10) 11,383	Cash flows £ 7,430 - - 0 7,430	At 31 March 2022 £ 18,823
			18,823 - (10)
			(10)
			18,813

Page 12

HARVESTSPRINGS INTERNATIONAL Statement of Cash flows

for the year ended 31 March 2022

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Other gains/losses (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Cash flows from financing activities Repayment of borrowings Net cash (used in)/from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2022 £ 6,802 628 - - 7,430 - - - - 7,430 11,393 11,393 18,823 18,823	2021 £ 8,319 628 - -
		8,947 -
		-
		(824)
		(824)
		8,123 3,270
		11,393
		11,393
		11,393

Page 13

HARVESTSPRINGS INTERNATIONAL Detailed Statement of Financial Activities

for the year ended 31 March 2022

Restricted funds 2022 £ - 3,292 - (330) 2,962 2,962 - - 13,624 13,624 - - - - - - - - - - - - - - 13,624	Total funds 2022 £ 22,148 9,420 8,837 (330) 40,075 40,075 1,732 - 13,624 15,356 - - - 88 - 88 15,600 15,600 545 84 182 62 - - 15,356	Total funds 2021 £ 20,348 9,273 6,310 (600)
2,962	40,075	35,331
2,962 - - 13,624	40,075 1,732 - 13,624	35,331 - 55 9,103
13,624	15,356	9,158
- - - - - - - - - - - - - - 13,624	- - - 88 - 88 15,600 15,600 545 84 182 62 - - 15,356	- - - 70 - 70 15,600 15,600 545 83 227 - 191 191 9,349

Page 14

HARVESTSPRINGS INTERNATIONAL Detailed Statement of Financial Activities Stationery and printing

Page 15

HARVESTSPRINGS INTERNATIONAL

Detailed Statement of Financial Activities

Subscriptions General expenses Postage Subsistence Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	383 269 45 274 86 1,930 299 299 17,917 19,649 - 17,464 17,464 - 17,464 16,690 34,154	- - - - - - - - 13,624 - (10,662) (10,662) - (10,662) (1,586) (12,248)	383 269 45 274 86 1,930 299 299 17,917 33,273 - 6,802 6,802 - 6,802 15,104 21,906	171 - 365 100 204
				1,245
				281
				281

				17,663
				27,012 -
				8,319
				8,319 -
				8,319
				6,785
				15,104

Page 16

HARVESTSPRINGS INTERNATIONAL

Charity No. 1150363

Trustees' Report and Unaudited Accounts

31 March 2022

HARVESTSPRINGS INTERNATIONAL

Contents

	Pages
Trustees' Annual Report	2
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Accounts	6 to 12
Statement of Cash flows	13
Detailed Statement of Financial Activities	14 to 15

Page 1

HARVESTSPRINGS INTERNATIONAL

Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1150363

Principal Office

Unit A4, Broomsleigh Business Park, Sydenham, London, SE26 5BN

Trustees

The following Trustees served during the year:
Patricia Ivan
Samuel Adeniji
Vince Perri
Omotayo Richards

Accountants

Marie-Andree Scott

OBJECTIVES AND ACTIVITIES

Missions and outreach work
Community work
Faith education

Page 2

HARVESTSPRINGS INTERNATIONAL Trustees Annual Report

ACHIEVEMENTS AND PERFORMANCE

Assurance and adequate governance remain key issues that international charities experience and must manage when they have operations based in remote Africa.

Statement of trustees' responsibilities in relation to the financial statements

Signed on behalf of the charity's trustees

P.O. Ivan Trustee 31 March 2022

Page 3

HARVESTSPRINGS INTERNATIONAL Statement of Financial Activities

for the year ended 31 March 2022

Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Unrestricted Restricted funds funds Total funds 20221 20221 2022 £ £ £ 37,113 2,962 40,075 37,113 2,962 40,075 1,732 13,624 15,356 17,917 - 17,917 19,649 13,624 33,273 - - - 17,464 (10,662) 6,802 - - - 17,464 (10,662) 6,802 17,464 (10,662) 6,802 16,690 (1,586) 15,104 34,154 (12,248) 21,906	Total funds 2021 £ 35,331
37,113 1,732 17,917	2,962 13,624 -	40,075 15,356 17,917	35,331 9,349 17,663
19,649 -	13,624 -	33,273 -	27,012 -
17,464 -	(10,662) -	6,802 -	8,319 -
17,464	(10,662)	6,802	8,319
17,464 16,690	(10,662) (1,586)	6,802 15,104	8,319 15,104
34,154	(12,248)	21,906	15,104

Page 4

HARVESTSPRINGS INTERNATIONAL

Balance Sheet

at 31 March 2022

Charity No. 1150363 Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 9 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds Restricted income funds 10 Unrestricted funds 10 General funds Reserves 10 Total funds	2022 £ 3,285 3,285 18,823 18,823 (202) 18,621 21,906 21,906 21,906 2,791 2,791 19,115 19,115 21,906	2021 £ 3,914
		3,914 11,393
		11,393 (203)
		11,190 15,104
		15,104
		15,104
		3,121
		3,121 11,983
		11,983
		15,104

Approved by the trustees on 31 March 2022

And signed on their behalf by:

P.O. Ivan Trustee 31 March 2022

Page 5

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 6

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Ministry Equipment 10% Straight Line Fixtures & Fittings 10% Straight Line

Freehold investment property

Stocks

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Page 7

HARVESTSPRINGS INTERNATIONAL Notes to the Accounts

Trade and other creditors

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 8

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total Funds b/forward Total funds c/ forward 3 Income from donations and legacies Tithes Offerings Gift Aid Donations to the Ministry Retreat Funds 4 Expenditure on charitable activities Expenditure on charitable activities Youth Ministry Kenya Missions Governance costs	Unrestricted £ 22,148 6,128 8,837 - - 37,113 Unrestricted £ 1,732 - 1,732	Unrestricted funds 2021 £ 31,535 31,535 246 17,663 17,909 13,626 Restricted £ - 3,292 - - (330) 2,962 Restricted £ - 13,624 13,624 13,626 13,626 3,064 16,690	Restricted funds 2021 £ 3,796 3,796 9,103 - 9,103 (5,307) (5,307)	Total funds 2021 £ 35,331 3,796 9,349 16,922 27,012 8,319 Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349 8,319 8,319 6,785 15,104	Total funds 2021 £ 35,331 3,796 9,349 16,922 27,012 8,319 Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349 8,319 8,319 6,785 15,104




			(5,307) 3,721		8,319 6,785
			(1,586)		15,104
			Total 2022 £ 22,148 9,420 8,837 - (330) 40,075 Total 2022 £ 1,732 13,624 15,356		Total 2021 £ 20,349 9,273 6,310 - (600) 35,331 Total 2021 £ 55 9,103 191 9,349

Page 9

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

5 Other expenditure

Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 6 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 7 Staff costs No employee received emoluments in excess of £60,000. 8 Tangible fixed assets At 31 March 2021 Net book values At 31 March 2022 At 31 March 2021 Cost or revaluation At 1 April 2021 Additions At 31 March 2022 Depreciation and impairment At 1 April 2021 Depreciation charge for the year	Unrestricted £ 88 15,600 629 1,301 299 17,917 2022 £ 629 Ministry 2,725 2,726 3,271 Equipment £ 5,451 - 5,451 2,180 545	Total 2022 £ - 88 15,600 629 1,301 299 17,917 Fixtures & 279 559 643 Fittings £ 838 - 838 195 84		Total 2021 £ - 70 15,600 628 1,085 280 17,663 2021 £ 628 Total 3,004 3,285 3,914 £ 6,289 - 6,289 2,375 629

Page 10

HARVESTSPRINGS INTERNATIONAL

Notes to the Accounts

9 Creditors:

amounts falling due within one year

				2022				2021
				£				£
	Bank loans and overdrafts			10				10
	Other loans			-				-
	Other creditors			192				193
	Accruals and deferred income			-				-
				202				203
10	Movement in funds
				Incoming
				resources
				(including		Resources		At 31 March
		At 1	April	other (gains/losses	)	expended		2022
			2021
				£			£	£
	Restricted funds:
	Restricted income funds:
	Offerings - Kenya		-	3,292		(3,292)		0
	Offerings - Other		-	-				-
	Retreat	3,121				(330)		2,791
	Retreat		-	-		-		0
	Total	3,121		3,292		(3,622)		2,791
	Unrestricted funds:
	General funds	11,983		36,783		(29,651)		19,115
	Revaluation Reserves:
	Total funds	15,104		40,075		(33,273)		21,906
	Purposes and restrictions in	relation to the funds:
	Restricted funds:
	Offerings - Kenya	For Kenya Missions
	Retreat	Retreats

11 Analysis of net assets between funds

Fixed assets Net current assets	Unrestricted funds £ 3,285 15,033 18,318	Restricted funds £ - 3,588 3,588	Total £ 3,285 18,621
			21,906

Page 11

HARVESTSPRINGS INTERNATIONAL Notes to the Accounts

12 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents Borrowings Bank loans Net debt	At 1 April 2021 £ 11,393 11,393 - (10) (10) 11,383	Cash flows £ 7,430 - - 0 7,430	At 31 March 2022 £ 18,823
			18,823 - (10)
			(10)
			18,813

Page 12

HARVESTSPRINGS INTERNATIONAL Statement of Cash flows

for the year ended 31 March 2022

Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Other gains/losses (Decrease)/Increase in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Cash flows from financing activities Repayment of borrowings Net cash (used in)/from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2022 £ 6,802 628 - - 7,430 - - - - 7,430 11,393 11,393 18,823 18,823	2021 £ 8,319 628 - -
		8,947 -
		-
		(824)
		(824)
		8,123 3,270
		11,393
		11,393
		11,393

Page 13

HARVESTSPRINGS INTERNATIONAL Detailed Statement of Financial Activities

for the year ended 31 March 2022

Restricted funds 2022 £ - 3,292 - (330) 2,962 2,962 - - 13,624 13,624 - - - - - - - - - - - - - - 13,624	Total funds 2022 £ 22,148 9,420 8,837 (330) 40,075 40,075 1,732 - 13,624 15,356 - - - 88 - 88 15,600 15,600 545 84 182 62 - - 15,356	Total funds 2021 £ 20,348 9,273 6,310 (600)
2,962	40,075	35,331
2,962 - - 13,624	40,075 1,732 - 13,624	35,331 - 55 9,103
13,624	15,356	9,158
- - - - - - - - - - - - - - 13,624	- - - 88 - 88 15,600 15,600 545 84 182 62 - - 15,356	- - - 70 - 70 15,600 15,600 545 83 227 - 191 191 9,349

Page 14

HARVESTSPRINGS INTERNATIONAL Detailed Statement of Financial Activities Stationery and printing

Page 15

HARVESTSPRINGS INTERNATIONAL

Detailed Statement of Financial Activities

Subscriptions General expenses Postage Subsistence Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	383 269 45 274 86 1,930 299 299 17,917 19,649 - 17,464 17,464 - 17,464 16,690 34,154	- - - - - - - - 13,624 - (10,662) (10,662) - (10,662) (1,586) (12,248)	383 269 45 274 86 1,930 299 299 17,917 33,273 - 6,802 6,802 - 6,802 15,104 21,906	171 - 365 100 204
				1,245
				281
				281

				17,663
				27,012 -
				8,319
				8,319 -
				8,319
				6,785
				15,104

Page 16

ADE SHONIBARE

Certified Accountant

18 CAVOUR HOUSE, ALBERTA ESTATE, LONDON, SE17 3QD Mobile: 07958 681 542

Email: Adeshonibare@gmail.com

Independent examiner’s report to the trustees of HavestSprings International (Charity No: 1150363)

I report to the trustees on my examination of the accounts of HavestSprings International (the Charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts 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 have completed by examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

i. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
ii. the accounts do not accord with those records; or
iii. the accounts 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Ade Shonibare BSc. Hons FCCA

Date: 26 January 2023