HALIFAX BIBLE BELIEVERS FELLOWSHIP
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2021 – 2022
ANNUAL REPORT
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And this gospel of the kingdom shall be preached in all the world for a witness unto all nations; and then shall the end come. (Matthew 24 v 14)
HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
Halifax Bible Believers Fellowship
(A Charitable Incorporated Organisation)
Annual Report and Financial Statements For the Year Ended 30 June 2022
Charity Number: 1152719
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
TABLE OF CONTENTS
| TABLE OF CONTENTS | ||
|---|---|---|
| 1. | Legal and Administrative Information |
4 |
| 2. |
Report of the Board of Trustees |
5 |
3. |
Statement of Financial Activities | 8 |
4. |
Statement of Financial Position | 9 |
5. |
Notes to the Financial Statements | 10 |
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HALIFAX BIBLE BELIEVERS FELLOWSHIP 2021-22 ANNUAL REPORT
LEGAL AND ADMINISTRATIVE INFORMATION
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
Charity Name: |
Halifax Bible Believers Fellowship |
|---|---|
Charity Registration Number: |
1152719 |
Registered / Operating Office: |
Halifax Bible Believers Tabernacle |
| Stead Street | |
| Halifax | |
| West Yorkshire | |
| HX1 5AN | |
Pastor/Chief Executive Officer: |
Mr R M Tizora |
Board of Trustees: |
Mr R M Tizora |
| Mr S G Murape | |
| Mr M F Zava | |
| Mr M Taruvinga | |
| Mr J Kinanvuidi | |
| Mr E M Tizora | |
| Mr T K Bero | |
Accountants: |
Gary Harris & Co Chartered Accountants |
| Brulimar House, Jubilee Road, | |
| Middleton, | |
| Manchester, | |
| M24 2LX | |
| Bankers: |
Barclays Bank plc |
| 39/47 Commercial Street | |
| Halifax | |
| West Yorkshire | |
| HX1 1BG |
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HALIFAX BIBLE BELIEVERS FELLOWSHIP 2021-22 ANNUAL REPORT
REPORT OF THE BOARD OF TRUSTEES
Introduction
The Board of Trustees of Halifax Bible Believers Fellowship CIO are delighted to present its Annual Report and Financial Statements for the year ended 30 June 2022. The Board has adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting for Charities” issued in 2005 in preparing the annual report and financial statements for the charity. Halifax Bible Believers Fellowship (HBBF) became a registered Charitable Incorporated Organisation (CIO) with registered number 1152719 on the 4[th] of July 2013.
Aims and Objectives
The CIO’s purposes and core objectives, as set out in the objects contained in the constitution and articles of association, are to:
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To advance the Christian faith for the benefit of the members and the public in accordance with the Bible.
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The advancement of the Gospel of Christ through preaching, teaching, listening of messages, broadcasting and evangelical outreaches.
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To advance the Christian religion in the United Kingdom for the benefit of the members and public through the holding of prayer meetings, sermons, Sunday School, conventions and distribution of literature to enlighten others about Christianity.
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Promoting social integration, religious tolerance, peace, love and harmony within the community.
We review our aims, objectives and achievements each year. This review looks at what we achieved and the outcomes of our work in the previous year. The review looks at the success of our main activities and the benefits they have brought to our members and the community. The review also helps us ensure our aim, objectives and activities remain aligned to our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, we consider how our planned activities will contribute to our aims and objectives.
Financial review
Our work is dependent on the dedication, commitment and generosity of our members, who are our principal donors. In the financial year ended 30 June 2021, we received £172,189 of voluntary income, primarily from our members. We also received £43,090 through other income such as grants, rebates and gift aid. A total of £31,420 of our funds went towards building improvements and £14,671 went towards acquisition of various items of property, plant and equipment throughout the financial year.
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
Throughout the year, we hosted several events including church conventions and weddings. We would like to give our soon coming Lord Jesus Christ, all the glory and honour for helping us to host successful events. We also had the privilege of enjoying the ministration of the Word from several visiting ministers from all over the world, who were a tremendous blessing.
We would like to express our sincere gratitude to all the members of HBBF for their commitment and continuous support through attendance, financial support and active participation in all the services, activities and events. We would also want to mention our special thanks to the Pastor, the ministers, the deacons, the elders, the trustees, the song leaders, the musicians and all the members who tirelessly worked and devoted their all - financially, materially and physically to contribute to the work at the tabernacle. May the Lord richly bless you for all your efforts and sacrifices, which we are certain will be rewarded both in this world and in the world to come.
We sincerely believe those who attend our services and events benefit spiritually, emotionally and physically, which also in turn leads to better life outcomes, health and wellbeing in this world, and most important, eternal life beyond the curtain of time. Through our sermons, Sunday school, fellowships and counselling services we have impacted numerous souls for the glory of God.
Structure, governance and management
Governing Document
The organisation is a charitable incorporated organisation, registered on the 4th of July 2013, with registered number 1152719.
Appointment of the Board of Trustees
The trustees are elected to serve for a period of one year after which they must be re-elected at the next Annual General Meeting. All the trustees, being eligible, offer themselves for reelection at the next Annual General Meeting in early 2023. The Pastor/CEO is an executive trustee, who is not elected but a permanent member of the Board of Trustees.
All member of the Trustee Board, apart from the Pastor/CEO give their time voluntarily and received no benefits from the CIO. The Pastor, who is also the Chair of the Board of Trustees, is employed by the CIO, and also plays the role of the Chief Executive Officer (CEO). The CEO is responsible for ensuring that the CIO delivers the services specified and that key performance indicators are met and also has the responsibility for the day-to-day operational management of the charity, its staff, members and other related responsibilities.
Risk Management
The Trustee Board has conducted a review of the major risks to which the CIO is exposed. A risk register has been established and is updated at least annually. Where appropriate,
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
systems or procedures have been established to mitigate the risks the CIO faces. Significant risks relating to meeting its day-to-day obligations due to funding constraints exist, and the Trustee Board is looking at ways of cutting costs. Internal control risks are minimised by the implementation of procedures for authorisation of all financial transactions and key projects and costs. Procedures are in place to ensure compliance with health and safety of members and visitors to the church premises.
Accountants and Auditors
The Trustee Board has elected Gary Harris & Co Chartered Accountants as the CIO’s Accountants and Independent Examiners. Due to our Income levels rising beyond the £25,000 threshold, we are required to appoint Auditors or independent examiners under the Charity Commission guidelines. Once Gary Harris & Co Chartered Accountants have completed their independent examination of these accounts their report will be incorporated in this Annual Report.
Trustees’ responsibilities for the financial statements
The Trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with the United Kingdom’s Generally Accepted Accounting Practices and Charities Act, 2011. The Charities Commission and the applicable laws require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources of the CIO for that period. In preparing the financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in operation.
Plans for Future Periods
The CIO plans continuing its ongoing charitable activities outlined above in the forthcoming years subject to satisfactory funds becoming available. We are also continually working on our building to maintain it to the required standards befitting a place of worship and to improve the usage and enjoyment by all members.
The Pastor and the Board of Trustees would like to express their sincere gratitude to all the members, donors, volunteers and other stakeholders for their invaluable contributions, support and commitment throughout the last financial year.
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
| Notes Incoming Resources Voluntary Income Donations & Grants - Unrestricted Funds 2 Donations & Grants - Restricted Funds 2 Income from charitable activities 3 Total Incoming Resources Resources Expended Costs of generating funds 4 Charitable activities 5 Governance Costs 6 Total Resources Expended Operating Surplus Finance Costs 7 Surplus before Tax Taxation 8 Surplus for the year Total Comprehensive Income for the Year Statement of Comprehensive Income for the year |
2022 2021 £ £ 172,189 186,537 43,090 75,590 - - ended 30 June 2022 |
|---|---|
| 215,279 262,126 - - 42,741 31,212 99,243 83,312 |
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| 141,984 114,524 73,295 147,602 13,487 7,893 59,808 139,709 - - 59,808 139,709 59,808 139,709 |
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HALIFAX BIBLE BELIEVERS FELLOWSHIP 2021-22 ANNUAL REPORT
Statement of Financial Position as at 30 June 2022
| ASSETS Non-Current Assets Land & Buildings Property, Plant & Equipment Investments - Total Non-Current Assets Current Assets Inventories Sundry Debtors Cash & Cash Equivalents Current Liabilities Creditors: Amounts falling due within one year Net Current Assets TOTAL NET ASSETS RESERVES & LONG-TERM LIABILITIES Reserves Unrestricted Reserves Restricted Reserves Total Reserves Non-Current Liabilities Creditors: Amounts falling due after one year TOTAL RESERVES & LONG-TERM LIABILITIES |
2022 2021 £ £ 406,504 397,737 88,563 80,596 - - |
|---|---|
| 495,067 478,333 1,172 2,321 25,134 20,310 3,012 2,469 -25,778 -18,717 3,539 6,383 |
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| 498,606 484716 |
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| 221,163 195,023 75,590 75,590 |
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| 296,753 270,613 201,853 214,104 |
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| 498,606 484,716 |
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HALIFAX BIBLE BELIEVERS FELLOWSHIP 2021-22 ANNUAL REPORT
Notes forming part of the Financial Statements for the year ended 30 June 2022
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice: Accounting for Charities 2005 as well as in accordance with Financial Reporting for Smaller Entities 2008.
(b) Fund accounting
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i) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.
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ii) Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.
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iii) Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy. The following policies are applied to particular categories of income:
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i) Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
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ii) Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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iii) Incoming resources from charitable trading activity are accounted for when earned.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
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i) Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity’s shop.
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ii) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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iii) Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity.
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iv) All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.
(e) Fixed assets
Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Property, Plant & Equipment Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 5 years. Buildings are depreciated over 50 Years. Impairment reviews are carried out as and when evidence comes to light that that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factors.
2. Donations
| Unrestricted |
Restricted | Total | |
|---|---|---|---|
| Donations & Grants | £172,189 | £43,090 |
£215,279 |
| 3. Income from charitable activities | |||
| Unrestricted |
Restricted | Total | |
| £0 | £0 |
£0 | |
| 4. Resources expended: Cost of generating funds | |||
| Unrestricted |
Restricted | Total | |
| £0 | £0 |
£0 |
5. Resources expended: Charitable activities
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
£ Total Charitable Activities 42,471 This includes: Ministerial Expenses Member Support Services & Charitable Donations
6. Resources expended: Governance costs
£ Total Governance Costs 99,243 This includes: Food & Refreshments Transport costs Insurance Mortgage Professional & Legal Fees Subscriptions & Memberships Telephone & Internet & IT Travelling & Accommodation Utilities & Rates Salaries and Wages Repairs & Maintenance Motor Vehicle Expenses Pension
7. Trustee Remuneration & Related Party Transactions
In this financial year, the Pastor/CEO has earned a remuneration of £11,498. No other members of the Trustee Board received any remuneration during the year. No trustee or other person related to the CIO had any personal interest in any contract or transaction entered into by the charity during the year.
8. Taxation
As a CIO, Halifax Bible Believers Fellowship is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the CIO.
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HALIFAX BIBLE BELIEVERS FELLOWSHIP
2021-22 ANNUAL REPORT
9. Tangible Fixed Assets Land & Buildings 406,504 Property, Plant & Equipment 88,563 Total Tangible Fixed Assets 495,067 10. Creditors: amounts falling due within one year Unrestricted Restricted Total Current Liabilities £25,788 £0 £25,788 Approved by the Board of Trustees and signed on its behalf by: R M Tizora S G Murape T K Bero ………………. ………………. ………………. R M Tizora S G Murape T K Bero Pastor/CEO Trustee Trustee
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