2023-06-30-accounts

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HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022 – 2023

ANNUAL REPORT

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

2022-23 ANNUAL REPORT

Halifax Bible Believers Fellowship

(A Charitable Incorporated Organisation)

Annual Report and Financial Statements For the Year Ended 30 June 2023

Charity Number: 1152719

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

	TABLE OF CONTENTS
1.	Legal and Administrative Information	4
2.	Report of the Board of Trustees	5
3.	Independent Examiner’s Report	8
4.	Statement of Financial Activities	9
5.	Balance Sheet	10
6.	Notes to the Financial Statements	12

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 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

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 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 2023. 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:

To advance the Christian faith for the benefit of the members and the public in accordance with the Bible.
The advancement of the Gospel of Christ through preaching, teaching, listening of messages, broadcasting and evangelical outreaches.
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.
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 £331,422 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 £26,346 of our funds went towards charitable activities, £201,376 was expended on support costs and £14,671 went towards governance costs throughout the financial year.

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

Throughout the year, we hosted several events including Easter meetings, August convention, as well as other activities such as weddings, birthday parties and baptismal services. 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 2024. 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

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

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, 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. Gary Harris & Co Chartered Accountants have completed their independent examination of these accounts and their report is 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:

select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
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 2022-23 ANNUAL REPORT

	Halifax Bible Believers Fellowship

	Statement Of Financial Activities
	For the year ended 30th June 2023

		2023
	Notes	Unrestricted
		Funds
		£

INCOMING RESOURCES

Incoming resources from generated funds
Voluntary income 2		307,849
Gift Aid		48,128


Total incoming resources		355,977


RESOURCES EXPENDED

Charitable activities 3
Other charitable activities		26,346
Support cost 4		201,443
Governance costs 5		1,853

Total resources expensed		229,642


NET INCOMING RESOURCES		126,335

Interest payable		(15,326)

NET INCOME FOR THE YEAR		111,009


CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 ANNUAL REPORT

Halifax Bible Believers Fellowship

		Balance sheet		2022 Unrestricted funds £ 495,067 3,012 26,305 (25,778)
	For the year ended 30th June 2023
			2023 Unrestricted funds £ 516,395 2,360 44,133 24,555 (30,514)

		Notes



FIXED ASSETS
Tangible assets		7

CURRENT ASSETS
Cash at bank
Debtors (Member Loans)
Other Debtors (HMRC)		10

CREDITORS
		8

NET CURRENT ASSETS			40,534	3,539

			556,929	498,606
TOTAL ASSETS LESS CURRENT LIABILITIES

CREDITORS

Amounts falling due after one year			(219,585)	(272,271)



NET ASSETS			337,344	226,335

FUNDS

Unrestricted funds		9	337,344	226,335


TOTAL FUNDS			337,344	226,335

The financial statements were approved by the Board of Trustees on 05/02/2024 and were signed on its behalf by:

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 ANNUAL REPORT

R M Tizora	S G Murape	T Bero
……………….	……………….	……………….
R M Tizora	S G Murape	T Bero
Pastor/CEO	Trustee	Trustee

ON BEHALF OF THE BOARD

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 ANNUAL REPORT

Halifax Bible Believers Fellowship

Detailed Statement of Financial Activities For the year ended 30th June 2023

								2023



								307,849
	Gift Aid							48,128

	Total incoming resources RESOURCES EXPENDED Charitable activities Honorarium Evangelism & Missionary Governance costs Accountancy Bank charges Support costs Pastoral Allowance Employment Costs Pensions Premises costs Equipment Hire Subscriptions Insurance Repairs Depreciation Phone Motor & travel expenses Storage Sundry Expenses							355, 977




	Honorarium							4,308
								22,038
								26,346


								1,853
								67
								1,920


								23,054
								29,579
	Pensions							320
								18,454
								905
								622
	Insurance Repairs							6,001
								5,088
								19,213
	Phone							752
								93,461
	Storage							2,802
								1,125
								201,376
	Interest payable							15,326

	Total resources expended							244,968

	Net income							111,009

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 ANNUAL REPORT

Halifax Bible Believers Fellowship

Notes to the Financial Statements For the year ended 30th June 2023

1. ACCOUNTING POLICIES

Accounting convention

The finanacial statements have been prepared under the historical cost convention and in accordance with the 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 of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011

Financial reporting standard 1

Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under the 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings Motor vehicles

20% reducing balance - 20% reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

statements.

2. VOLUNTARY INCOME
	2023
	£

Tithes & offerings	307,849
Gift Aid	48,128
	355,977

3. CHARITABLE ACTIVITIES COSTS
	Direct	Governance	Support	Total
	costs	Costs	costs	costs
			(see note 5)
	2023	2023	2023	2023
	£	£	£	£
Other charitable activities	26,346	-	-	26,346
Support cost	-	-	201,443	201,443
Governance cost	-	1,853	-	1,853
	26,346	1,853	201,443	229,642

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

4. SUPPORT COSTS

Support cost

Management Finance Totals £ £ £ - 201,376 201,376 201,376 - 201,376

5. GOVERNANCE COSTS

Accountancy fees

2023 £ 1,853

1,853

6. TRUSTEES EXPENSES

There were no Trustees' expenses paid for the year 30th June 2023

7. TANGIBLE FIXED ASSETS

COST At 1st July 2022 Additions Disposals At 30th June 2023 DEPRECIATION At 1st July 2022 Depn sold asset Charge for the year At 30th June 2023 NET BOOK VALUE At 30th June 2023 At 1st July 2022	Land & Fixtures & Motor Total buildings fittings Vehicles £ £ £ 406,504 88,563 495,067 29,465 11,076 - 40,541 - - - -
	435,969 99,639 - 535,608
	- - - - - - - - 19,213 - 19,213
	- 19,213 - 19,213
	435,969 80,426 - 516,395
	406,50488,563 - 495,067

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022-23 ANNUAL REPORT

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE 8. YEAR

HMRC PAYE Members Loan Other creditors	HMRC PAYE Members Loan Other creditors			2023 £ 1,569 26,574 2,371 30,514


9 MOVEMENT IN FUNDS
		As at	Net movement	As at
		01/07/2022	in funds	30/06/2023
		£	£	£

Unrestricted funds
General fund		226,335	111,009	337,344

TOTAL FUNDS		226,335	111,009	337,344


Net movement in funds, included in the above are as follows:

		Incoming	Resources	Movement
		resources	expended	in funds
		£	£	£

Unrestricted funds
General fund		355,977	244,968	111,009

TOTAL FUNDS		355,977	244,968	111,009


10 GIFT AID
	£
Jun-23	24,555


	24,555

HALIFAX BIBLE BELIEVERS FELLOWSHIP 2022-23 ANNUAL REPORT

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

HALIFAX BIBLE BELIEVERS FELLOWSHIP

2022 – 2023

ANNUAL REPORT

Halifax Bible Believers Fellowship

TABLE OF CONTENTS

REPORT OF THE BOARD OF TRUSTEES

Introduction

Aims and Objectives

Financial review

Structure, governance and management

Governing Document

Appointment of the Board of Trustees

Risk Management

Accountants and Auditors

Trustees’ responsibilities for the financial statements

Plans for Future Periods

Halifax Bible Believers Fellowship

ON BEHALF OF THE BOARD

Halifax Bible Believers Fellowship

Detailed Statement of Financial Activities For the year ended 30th June 2023

1. ACCOUNTING POLICIES

Accounting convention

Financial reporting standard 1

Incoming resources

Resources expended

Tangible fixed assets

Taxation

Fund accounting

4. SUPPORT COSTS

5. GOVERNANCE COSTS

6. TRUSTEES EXPENSES

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE 8. YEAR