HALIFAX BIBLE BELIEVERS FELLOWSHIP 2023- 2024 ANNUAL REPORT FELLOIVSHIP And this gospel of the kingdom shall be preached in all the world for a wilness unlo all nations.. and then shall the end come.
HALIFAX BIBLE BELIEVERS FELLOWSHIP ' 2023-24 ANNUAL REPORT Halifax Bible Believers Fellowship (A Charitable Incorporated Organisalion) Annual Report and Financial Statements For the Year Ended 30 June 2024 Charlty Number: 1152719
HAUFAX BIBLE BEUEVERS FELLOWSHI 2023-24 ANNUAL REPORT TABLE OF CONTENTS 1 . Legal and Administrative Information 2. Report of the Board of Trustees 3. Independent Examinerfs Report 4. Statement of Financial Activities 5. Balan Sheet 10 6. Notes to the Financial Statements 12
HALIFAX 818LE BELIEVERS FELLOWSHI 2023-24 ANNUAL REPORT Charity Name: Halifax Bible Believers Fellowship Charlty Registration Number: 1152719 Registered l Operating Office: Halifax Bible Believers Tabemacle stead Street Halifax West Yorkshire HX15AN Pastorlchlef Executive Officer: Mr R M Tizora Board of Trustees: Mr R M Tizora Mr S G Murape Mr E M Tizora MrTKBero Independent Examlners: GAHarris&CoLtd Chartered Accountants & Registered Auditors Brulimar House, Jubilee Road, Middleton. Manchester, M24 2LX Bankers: Barclays Bank plc 39147 Commercial Street Halifax West Yorkshire HX1 1BG
HALIFAX BIBLE BELIEVERS FELLOWSHI 2023-24 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 2024. The Board has adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting for Charities" issued in 2005 in pParIng the annual report and financial statements for the charity. Halifax Bible Believers Fellowship (HBBF) became a registered Charitable Incorporated Organisation (CIO or charity) with registered number 1152719 on the 4th 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 advan 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 communtty. We VIeW our aims, objectives and achievements each year. This review looks at what we achieved and the outcomes ofourwork in the previous year. The review looks at the success ofour 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 guidan 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 2024, we received £227,099 of Voluntary income, primarily from our members. We also received £50,786 through other income such as grants, rebates and gift aid. A total of £29,557 of our funds went towards charitable activities, £175,845 was expended on operating costs and £1 ,990 went towards govemance costs throughout the financial year.
HALIFAX BIBLE BELIEVERS FELLOWSHI 2023-24 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 evenls. 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 Sunday School superintendent and teachers, the trustees, the song leaders, the musicians and all the members who tirelessly worked and devoted their all - financially, materially. physically and spiritually to contribute to the work in the house of the Lord. 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 well- being in this world, and most important, etemal 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 re- election at the next Annual General Meeting in early 2025. The PastorlCEO 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 PastorlCEO give their time voluntarily and reiVed no benefrts from the charity. The Pastor, who is also the Chair of the Board of Trustees, is employed by the charity, and also plays the role of the Chief Executive Officer (CEO). The CEO is responsible for ensuring that the charity delivers the ServIS 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.
HAUFAX BIBLE BEUEVERS FELLOWSHI 2023-24 ANNUAL REPORT 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 leasl annually. Where appropriate, systems or proCedUS have been established to mitigate Ihe risks the CIO fas. Significant risks relating to meeting its day-lo-day obligations due to funding constraints exist, and the Trustee Board is looking at ways of cutting costs. Internal control risks are minirnis8d by the implementation of procedures for authorisation of all financial transactions and key projects and costs. Procedures are in place to ensure Complian with health and safety regulations relating to members and visitors to the church premises. Accountants and Audltors The Trustee Board has agreed to re-appoint G A Harris & Co Ltd as the CIO'S Accountants and Independent Examiners. Due to our Income levels rising beyond the £25,000 threshold, we are required to appoint independent examiners under the Charity Cornmission guidelines. G A Harris & Co Ltd have completed their independent examination of these accounts and their report is incorporated in this Annual Report, Trustees, responslbilities for the financial statements The Trustees are responsible for preparing the Trustees, Annual Report and the Financial Statements in accordan with the United Kingdom's Generally Accepted Accounting Practices and Charities Act, 2011. The Charities Commission and the applicable laws require Ihe 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, subjecl to any material departures disclosed and explained in the financial statements, and prepare the financial ststements 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 and members of the community. The Pastor and the Board of Trustees would like to express their sincere gratitude to all the members, donors, volunteers and other stakeholders for Iheir invaluable contributions. support and commitment throughout the last financial year. R M Tizora Pastor/CEO S G Murape Trustee T Bero Trustee ON BEHALF OF THE BOARD Signed on the 4th April 2025
HAUFAX BIBIE BEUEVERS FELLOWSHI 2023-24 ANNUAL REPORT INDEPENDENT EXAMINER REPORT I report on the accounts for the year ended 30 June 2024 set out on the following pages. The Gharily's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period (under Section 144{2) of the Chartties Act 2011 (the 2011 Act)) and that an independent examination is required. 11 is my responsibility to- examina the accounts under Section 145 of the 2011 Act to follow the procedures laid down in Ihe General Directions given by the Charily Commission {under Section 145151(b} of Ihe 2011 Act). and to slate whether particular matters have corne lo my altenlion. Basis of the independent examiner's repart My examination was carried oul in acGordance with the General Dlrections given by the Charity Commission. An examination Includes a review of Ihe accounting records kept by the charity and a comparison of the accounts presented with Ihose recoids.11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matter5. The procedures undertaken do not provide all the eviden Ihat would be required in an audit, and consequenlly no opinion is given as to whether the ac¢ounts present a 'true and fair view, and the report is limiled lo those matters set out in the 5talemenis below, Independent examiner's slatement In connection with my examination, no matter has come to my attenlion-. (11 which gives me reasonable cause to believe that, in any material respect. the requir8m8nts to keep accounting records in accordan wilh Section 130 of th8 2011 Act-, and lo prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act Have not been mat- or 12) To which, in my opinion, attention should be drawn in order to ènable a proper understanding of Ihe accounts to be reached. Gary A Harris G A Harris & Co Ltd Chartered Accountants & Registered Auditors Brulimar House Jubilee Road Middleton Manchesler M242LX Dale.. /4
HALIFAX BIBLE 8EUEVERS FELLOWSHI 2023-24 ANNUAL REPORT Statement Of Financial Activitles For the year ended 30th June 2024 2024 Unrestricted Funds 2023 Unrestricted Funds Notes INCOMING RESOURCES Incoming resources from generatèd funds Voluntary income Gift Aid 227.099 50.786 307.849 48,128 Total Incoming resources 277.885 355 977 RESOURCES EXPENDED Charitable activities Other charitable activities (29.557) {26,346) Operating costs Governance costs (175.845) (1,990} {201,443) {1,853) Total resources expensed 207.392 NET INCOMING RESOURCES 70,493 126,335 Inlerest receivable Interest payable Other Income 102 (16,839) 8,050 <15.326) NET INCOME FOR THE YEAR 61.806 111,009 CONTINUING OPERATIONS All incoming resources and resources expended arise from conlinuing activitles.
HAUFAX 818LE BELIEVERS FELLO 2023-24 ANNUAL REPORT Halifax Blble Believer3 Fellowship Balance sheet as at the 30th of Juna 2024 2024 2023 Notes Unrestricted funds Unrestricted funds FIXED ASSETS Tangible assets 508,991 516,395 CURRENT ASSErs Cash at bank 21,178 2.360 Debtors 113,589 68,688 134,767 71,048 CREDrroRS Amounts falling due within one year (34,690) (30.514) NET CURRENT ASSETS 100,077 40.534 TOTAL ASSETS LESS CURRENT LIABILrriES 609,068 556.929 CREDITORS Amounts falling due after one year (209,918) {219,585) NEf ASSErs 399.150 337.344 FUNDS Unrestricted funds 399,150 337,344 TOTAL FUNDS 399,150 337,344 10
HALIFAX BIBLE BEUEVERS FELLOWSHI 2023-24 ANNUAL REPORT The financial statements were approved by the Board of Trustees on 0410412025 and were signed on its behalf by: s4 R M Tizora P8Stor/CEO S G Murape Trustee T Bero Trustee ON BEHALF OF THE BOARD
HALIFAX BIBLE BEUEVERS FELLOWSHI 2023-24 ANNUAL REPORT Halrfax Bible Believers Fellowshlp Notes to the Flnancial Statements For the year ended 30th June 2024 ACCOUNTING POLICIES Accounting conventlon The finanacial statements have been prepared under the historical cost convention and in accordan 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 wilh the Charities Act 2011. Financial Reporting Standard Numbor 1 Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity. In¢omlng resources All incoming resources are included on the Statement of Flnancial Activitles when the charity is legally entitled to the income and the amount can be quanlrfied with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classrfied under the headings that aggregate all costs related lo the category. Where Gosts cannot be directly attributed to particular headings they have been allocated to activities on a basis conslstent with the use of resources. Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provide(l on all tangible fixed assets, other than freehold land. al raies calculated to write off the cost, less estimated residual value. of each asset evenly over its expected useful life. as follows.. Freehold buildings.. Leasehold land and buildings.. Plant and machinery.. Fixtures, fittings, tools and equipment.. over 50 years over the lease term over 5 years over 5 years D•btors Short t8rm debtors are measured at transaction price (which is usually the invoice price). less any impairment losses for bad and doubfful debts. Loans and other financial assets are initially recognised at transaclion price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are m8asured at transaction price (which is usually the invoice pri). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured al amortised cost determined using the effedive interest method. Provisions Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it 15 probable that economic benefrt will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. 12
HALIFAX BIBLE BELIEVERS FELLOWSHI 2023-24 ANNUAL REPORT Leased Assets A lease is classified as a finance lease rf it transfers substantially all the risks and rewards incidental lo ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities al amounts equal to the fair v8lue of the leased assets or, rf lower, the present value of the minimum lease payments. Minimum lease payments ar8 apportioned between the finance charge ané the reduction in the outstandlng liability using the effectrve interest rate method. The finance charge Is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible ftxed assels. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on 8 straight-line basis over the lease lerm. Pensions Contributions to defined contribulion plans are expensed in the period to whiGh they relate. Taxation The charity is exempt from tax on its charitable activities. Fund a¢¢ountlng 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 fun(is are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial siatements. VOLUNTARY INCOME 2024 Tithes & offerings 227,099 Gift Aid 50.786 277,885 13
HAUFAX BIBLE BEUEVERS FELLOWSHIP 2023-24 ANNUAL REPORT 3. OPERATING EXPENSES 2024 2023 Cost of sals Chantable Actiyities Honordrium 21,997 7,560 29,557 22,038 4,308 28.346 Admlnlstratlve axpenp•es Employee costs. Wages and salaries Pensions Casual Wage Employers Nl Pastoral allowance Travel and subslstence Motor expenses 30,000 525 1,015 19,500 320 9,120 959 23.054 77,282 16,179 146,414 31,744 45,566 13.672 122,522 Premises Gosts: 2,130 12,136 14,266 1,429 17,025 18.454 Ught and heat Gèneral administr8tlv,8 expènses: Tphone and internet Storage Subscrlptions BK charges Insurance Equipment hire Repalrs and maintenance Depreciatlon Sundry expenses 803 4,195 492 752 2,802 622 67 6,001 905 5,088 19,213 1.125 36,575 5.310 9,200 801 39,057 Legal and professional costs: Accountancy fees Other legal and professlonal 1,253 737 1,990 1,853 177,835 203,296 Note8: a) Cost of sales relate to Charitable Activilies Cosls. b) Adminislralion Expenses relate to Operating Expenses. c) Legal and professional fees relate to Governance Expenses. 14
HAUFAX 81BLE BELIEVERS FELLOWSHI 2023.24 ANNUAL REPORT 7. TRUSTEES EXPENSES There were no Trustees, expenses paid for the year ended 30lh June 2024. 8. TANGIBLE FIXED ASSETS Plant and machlnery etc Land and bulldings Total Cost At l July 2023 Additions 435,969 99,639 10,852 110,491 535,608 10,852 546,460 At 30 June 2024 435.969 Doproclatlon At 1 July 2023 Charge for the year At 30 June 2024 19.213 18,256 37,469 19,213 18,256 37,469 Net IK•ok value At 30 June 2024 435.969 73.022 508.991 At 30 June 2023 435,969 80,426 516,395 9. MOVEMENT IN FUNDS Net movement in funds Asat 0110712022 As8l 3010612023 Unrestrlcted funds General fund 337,344 61,806 399,150 TOTAL FUNDS 337,344 61,806 399,150 16
HALIFAX BIBLE BELIEVERS FELLOWSHI 2023-24 ANNUAL REPORT Net movement in funds, included in the above are 88 follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 277,885 216,079 61,806 TOTAL FUNDS 277.885 216 079 61.806 Approved by the Board of Trustees and signed on its behalf by: R M Tizora Pastor/CEO S G Murape Trustee TKBero Trustee Signed on the 4th April 2025 17