|||||Harvest Chapel! nternattrfnal|Harvest Chapel! nternattrfnal|- UK|Charit|No||1164948!SC047001|1164948!SC047001|1164948!SC047001|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||Corri|an|No|CE005919|||| ||||||Annual|accounts for the||||eriod|||| |||||Period start date|01/01/2021||To|||Period end
date||31/12/2021|| |||||||||||~|~||| |~
~
~|||||||||||||| ||||||||Restricted||||||| |Recommended
categories||||by activity|Unrestricted
funds||income
funds|||Endowment
funds||Totalfunds|Prior year
funds| |Income (Note 3)||||||F01|F02||||F03|F04|F05| |Income and endowments|||from||||||||||| |Donations
and legacies
Charitable
activities|||||~ S01
S02|232,907||||||232,907|166,934| |Other trading
activities|||||' S03||||||||| |Investments|||||' S04||||||||| |Separate material
item ofincome|||||S05||||||||| |Other|||||S06||||||||| |Total
Expenditure
(Notes||6)|||S07|||||||232,907|166,934| |Expenditure
on:|||||||||||||| |Raising funds
Charitable
activities
Separate material expense
Other
Total|item||||S08
S09
S10
S11
S12|16,857
34,472
45,869
34,557
131,755||||||16,857
34,472
45,869
131,755|16,218
25,565
28,893
34,468
105,144| |Net income/(expenditure)||||before tax for|||||||||| |the reporting
period|||||S13|101,152||||||101,152|61,791| |Tax payable|||||S14||||||||| |Net income/(expenditure)||||after tax|||||||||| |before investment
Net gains/(losses)
on|gains/(losses)||||S15|101,152||||||101,152|61,791| |investments|||||S16||||||||| |Net income/(expenditure)
Extraordinary
items|||||S17
S18|||||||101,152|61,791| |Transfers
between||funds|||S19||||||||| |Other recognised|gains/(losses):||||||||||||| |Gains and losses on revaluation|||offixed assets for the||||||||||| |charity's
own use|||||S20||||||||| |Other gains/(losses)|||||S21||||||||| |Net movementin
funds|||||, S22|||||||101,152|61,791| |Reconciliation of|||||||||||||| |funds:|||||||||||||| |Total funds brought
forward
Total funds carried||forward|||S23
S24|277,091
378,243||||||277,091
378,243|215,300
277,091| |||||~
~
~||||| |---|---|---|---|---|---|---|---|---| |Note 2||||Accounting
policies||||| |2.2 INCOME||||||||| |Recognltlon||ofincome||These are included
in the Statement
of Financial
Activities (SoFA}when.||||| |||||I ~
the charity becomes entitled to the resources,||||| |||||~
it is more likely than not that the trustees
will receive the resources;|Yes*||No*|N/a*| |||||i ~
the monetary
value can be measured
with sufficient
reliability.||||| |Offsetting||||, There has been no offsetting
ofassets and liabilities, or income and expenses,
unless
irequired or permitted
by the FRS 102SORP or FRS 102.|Yes*||No*|N/a*| |||||I||||| |Grants and donations||||',Grants and donations
are only induded
in the SoFA when the general
income
recognition
critena are met (5.10to 5.12FRS102SORP)|Yes*||No*|N/a'| |||||In the case of performance
related grants,
income must
only bs recognised
to the extent
that the charity has provided
the specified goods or services as entitlement
to the grant|Yes||No*|N/a*| |||||only occurs when the performance
related conditions are mst (5.16FRS 102SORP).||||| |||||Legacies are included
in the SOFA when receipt is probable,
that is, when there has||||| |Legacies||||'been grant of probate, the executors have established
that there are sufficient assets in
the estate and sny conditions attached to the legacy are either within the control ofthe|Yes*||No*|N/a| |||||'charity or have been mst||||| |Government||grants||The charity has received
government
grants
in the reporting
penod|Yes*||No*|N/a*| |||||Gift Aid receivable
is included
in income when there is a valid declaration
from the donor.||||| |Tsx reclaims on
donations
and gifts||||Any Gift Aid amount
recovered
on a donation
is considered
to be part ofthat gift and is
(treated as an addition to the same fund as the initial donation
unless the donor or the|Yea*||No'|N/a*| |||||, terms ofths appeal have speciTied othenvise.||||| |Contractual
performance||income and
related||,This is only included
in the SoFA once the charity has provided
the related goods or
services or met the performance
related conditions.|Yes*|'|No*|N/a'| |grants||||||||| |Donated|goods|||Donated goods are measured
at fair value (the amount for which the asset could be
exchanged)
unless
impractical
to do so.|Yes*||No'|N/a*| |||||iThe cost of any stock ofgoods donated
for distribution
to beneficiaries
is deemed to be
ithe fair value ofthose gifts at the time of their receipt and they are recognised
on receipt|Yes*||No*|N/a'| |||||, in the reporting
period
in which ths stocks are distributed,
they are recognised as an||||| |||||expense at the carrying
amount
of the stocks at distribution.||||| |||||Donated goods for resale are measured
at fair value on initial recognition,
which is the||||| |||||expected proceeds from sale less the expected costs ofsale, and recognised
in 'Income
from other trading
activities'
with the corresponding
stock recognised
in the balance|Yes*||No*|N/a'| |||||sheet.
On its sale the value of stock is charged
against 'Income from other trading||||| |||||activities' and the proceeds from
sale are also recognised as 'Income from other trading||||| |||||activities'.||||| |||||Goods donated
for on-going use by the charity are recognised as tangible fixed assets|Yes*||No*|N/a'| |||||and included
in the SoFA as incoming
resources when receivable.||||| |||||Gifts in kind for use by the chanty are included
in the SoFA as income from donations|Yea*||No'|N/a'| |||||when receivable.||||| |Donated services and
facilities||||Donated services and facilities are included
in the SOFA when received at the value of
'the gift to the charity provided
the value of the gift can bs measured
reliably.|Yes*||No'|N/a*| |||||Donated services and facilities that are consumed
immediately
are recognised as income|Yes*||No|N/a*| |||||iwith an equivalent
amount
recognised as an expense under the appropriate
heading
in||||| |||||the SOFA.||||| |Support costs||||The chanty has incurred
expenditure
on support costs.|Yes*||No*|N/a'| |Volunteer|help|||'The value of any voluntary
help received
is not included
in the accounts but is descnbed
,'in the trustees'
annual
report.|Yes*||No*|N/a*| |Income from||interest,||This is included
in the accounts when receipt is probable
and the amount
receivable can|Yes*||No*|N/a*| |royalties and||dividends||be measured
reliably.||||| |Income from
subscrlptlons||membership||Membership
subscriptions
received
in the nature ofa gift are recognised
in Donations
and Legacies.|Yes*||No*|N/a'| ||||"|, Membership
subscriptions
which gives a member the right to buy services or other|Yes*||No'|N/a*| |||||ibenefits are recognised as income earned
from the provision
ofgoods and services as||||| |||||income from charitable
activities.||||| |Settlement
claims|ofinsurance|||Insurance
claims are only inctuded
in the SoFA when the general
income recognition
criteria are met (5.10to 5.12FRS102SORP) and are included as an item of other|YeS*||No*|N/a'| |||||income
in the SoFA.||||| |Investment
losses|gains and|||This includes
any resksed or unrealised
gains or losses on the sale of investments
and
any gain or loss resulbng
from revaluing
investments
to market
value at the end of the|Yes*||No*|N/a'| |||||year.||||| |2.3 EXPENDITURE AND LIABILITIES|2.3 EXPENDITURE AND LIABILITIES|2.3 EXPENDITURE AND LIABILITIES|2.3 EXPENDITURE AND LIABILITIES|||| |---|---|---|---|---|---|---| |Liability rscognltlon|||iLiabilities are recognised
where
it is more likely then not that there is a legal or
constructive
obligation
committing
the charity to pay out resources and the amount
of ths|Yes*|No*|N/a*| ||||obligation can be measured
with reasonable
certainty|||| |Governance
costs||and support|Support costs have been allocated between
governance
costs and other support.
Governance
costs comprise
all costs involving
public accountability
of the charity and its|Yes*|No'|Nla*| ||||compliance
with regulation
and good practice.|||| ||||Support costs Include central functions
and have been allocated to actwity cost|||| ||||.categories on a basis consistent
with the use of resources, eg allocating
property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage|Yes*|No|Nla*| |Grants with performance,
conditions|||Where the charity gives a grant with conditions
for its payment
being a specific level of
service or output to be provided,
such grants are only recognised
in the SoFA once the|Yes*|No"|N/a'| ||||recipient of the grant has provided
the specified service or output|||| |Grants payable without
performance
conditions|||Where there are no conditions
attaching
to the grant that enables the donor charity to
realistically
avoid the commitment,
a liability for ths full funding
obligation
must be|Yes*|No*|N/a'| ||||recognised.|||| |Redundancy|cost||, The charity made no redundancy
payments
during the reporting
period|Yes'|No*|Nla'| |Deferred income|||No material
item of deferred income has been included
in the accounts.|Yes*|No*|N/a*| |Creditors|||The charity has creditors which are measured
at settlement
amounts
less any trade
discounts|YeS*|No*|Nla'| |Provisions for liabilities|||A liability is measured
on recognition
at its historical cost and then subsequently
measured
at the best estimate of the amount
required
to settle the obligation at the|Yes'|No'|N/a*| ||||reporting
date|||| |Basicfinancial
instruments|||The charity accounts for basic financial
instruments
on initial recognition as per
,paragraph
10.7FRS102SORP
Subsequent
measurement
is as per paragraphs
11.17
,'to 11.19, FRS102 SORP.|Yes|No'|Nla*| |2.4ASSETS||||||| |Tangible fixed
use by charity||assets for|These ars capitalised
if they can be used for more than one year, and cost at least|||| ||||They are valued at cost.|Yes*|No*|N/a'| ||||The depreciation
rates and methods
used are disclosed
in note 14|||| |intangible
fixed assets|||The charity has intangible
fixed assets, that is, non-monetary
assets that do not have
physical substance
but are identifiable
and ars controlled
by the charily through
custody|Yes|No*|N/a*| ||||or legal nghts.
The amortisation
rates and methods
used are disclosed
in note 15|||| ||||iThey are valued at cost|Yes*|No*|N/a*| |Heritage assets|||iThs charity has heritage assets, that is, non-monetary
assets with historic, artistic.
scientrfic, technological,
geophysical
or environmental
qualities
that are held
and
maintained
principally
for their contribution
to knowledge
and culture.
The depreciation
',rates and methods
used as disclosed
in note 16.|Yes*|No*|Nla'| |||||Yes*|No*|N/a'| ||||They are valued at cost.|||| ||||'Fixed asset investments
in quoted shares, traded bonds and similar investments
are|||| |Investments|||valued at initially at cost and subsequently
at fair value (their market
value) at the year
,'end.
The same treatment
is applied to unbated
investments
unless fair value cannot be|Yes*|No'|Nla*| ||||:measured
reliably
in which case it is measured
at cost less impairment|||| ||||tInvestments
held for resale or pending
their sale and cash and cash equivalents
with a|Yes*|No'|Nla*| ||||maturity
date ofless than
1 year are treated as current asset investments|||| |Stocks and work in|||Stocks held for sale as part of non-charitable
trade are measured
at the lower or cost or|Yea*|NO*|Nla'| |progress|||net realisable
value.|||| ||||Goods or services provided as part ofa charitable
activity are measured
at net realisable|Yes*|No*|Nla*| ||||value based on ths service potential
provided
by items ofstock.|||| ||||Work in progress
is valued at cost less any foreseeable
loss that is likely to occur on the|Yes*|No*|Nla*| ||||contract.|||| ||||Debtors (including
trade debtors and loans receivable) are measured
on initial|||| |Debtors|||recognition
at settlement
amount
after any trade discounts or amount
advanced
by the
charity.
Subsequently,
they are measured
at the cash or other consideration
expected to
be received|Yes'|No*|Nla*| |Current asset
investments||,|The chanty has investments
which
it holds for resale or pending
their sale and cash and
cash equivalents
with a maturily
date less than one year
These include cash on deposit
and cash equivalents
with a matunty
of loss than one year held for investment
purposes
rather than to meet short-term
cash commitments
as they fall due.|Yes*|No|N/a'| |||||Yes*|No*|N/a*| |||They are valued at fair value except where they qualify as basic financial
instruments.||||| |POLICIES ADOPTED||||||| |ADDITIONAL TO OR||||||| |DIFFERENT FROM||||||| |THOSE ABOVE||||||| |||||||||||||~|'||~||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Note 3|||||Income||||||||||||||||| |||||||||||||||||||, Restricted|||| |||||||Analysis|||of||income||||||, Unrestricted
funds,|income
funds|' Endowment
funds|Total funds|Prior year| |||||||||||||||||||||E|E| |Donations
and legacies:|||Donations
Gift Aid|||and|ifts||||||||||232,907|||232,907|166,934| ||||Le acies||||||||||||||||||| ||||General|grants provided||||||by||government/other|||||||||| ||||charities||||||||||||||||||| ||||Membership|||subscriptions|||||and sponsorships||||||||||| ||||which are||in substance||||donations||||||||||||| ||||Donated||oods,||facilities|||and|||services||||||||| ||||Other||||||||||||||||||| |||||||||||||||||Total|232,907|||232,907|166,934| |Charitable|||Charitable||activities||||||||||||||||| |activities:|||||||||||||||||||||| ||||Other||||||||||||||||||| |||||||||||||||||Total|||||| |Other trading|||||||||||||||||||||| |activities:|||||||||||||||||||||| ||||Other||||||||||||||||||| |||||||||||||||||Total|||||| |Income|from||interest|income|||||||||||||||||| |Investments:||Dividend||income|||||||||||||||||| |||Rental and||||leasin||income|||||||||||||| |||Other|||||||||||||||||||| |||||||||||||||||Total|||||| |Separate|||||||||||||||||||||| |material|item||||||||||||||||||||| |of income|||||||||||||||||||||| |||||||||||||||||Total|||||| |Other:||Conversion||||ofendowment|||||funds|||into income|||||||| |||Gain on
for charit||disposal of a tangible
's own use|||||||||fixed asset|||held|||||| |||Gain on||disposal|||of|a programme|||||||related||||||| |||investment|||||||||||||||||||| |||Royalties||from the exploitation|||||||||of|intellectual|||||||| ||||ro ert|ri|hts||||||||||||||||| |||Other|||||||||||||||||||| ||||||||||||||||Total||||||| |TOTAL INCOME|||||||||||||||||232907|||232 907|166934| |Other information:|||||||||||||||||||||| |All income in the|||prior year||was unrestricted||||||except||||for:||||||| |(please provide||description|||and amounts)||||||||||||||||| |Where any endowment
fund||||||is converted|||into|||income in the|||||||||| |reporting|period,||please give|||the reason for|||||the||conversion.||||||||| ||||||*|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||~||~
~||~||||||| |Note 6||Expenditure||||||||||||| |||||||||This|year|||Last|year|| |||||||||Restricted||||Restricted||| ||Analysis|||||Unrestricted
funds|i|income
fuffds|Endowment
funds,|Total funds|Unrestricted
funds|income
funds|Endowment
funds|Total funds| |Expenditure
on raisin||funds:||||||||f||||| |Incurred seeking|donations|||||16,857||||16,857|16,218|||16,218| |Total expenditure|on|raising funds||||16,857||||16,857|16,218|||16,218| |Expenditure
on charitable activities:||||||||||||||| |Charitable
activities||||||34,472||||34,472|25,565|||25,565| |Total expenditure|on charitable||activities|||||||||||| |||||||||||||||25565| |Separate material|item ofexpense|||||||||||||| |Separate material|item|ofexpense||||45,869||||45,869|28,893|||28,893| |Total||||||45,869||||45,869|28,893|||28,893| |Other||||||||||||||| |De reciation
Loan Interest
Accountanc
fee||||||23,606
10,451
500||||23,606
10,451
500|23,145
10,400|||23,145
10,400| |Total other expenditure
TOTAL EXPENDITURE||||||34,557
131,755||||34,557
131,755|33,545
104,221|||33,545
104,221| ||L|||||||||||||| |Other information:||||||||||||||| ## |Analy|sis|ofexpend|itu|re
on charitable|activities||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||This||year|||Last|year|| |||Activity|or|programme|Activities
undertaken
directly|Grant
funding
of
activities||Support
Costs|Total this
year|Activities
undertaken
directly|Grant
funding of
activities|Support
Costs|Total last
year| |Activit|1||||||||||||| |Activit|2||||||||||||| |Other|||||||||||||| |Total|||||||||||||| ## |accounts and other services provided by y
was paid please enter '0'in the appropriate|our independ
box(es).|ent
examine|r.
Ifnothing||| |---|---|---|---|---|---| |||||This year
f|Last year| |Independent
examiner's
fees||||500|500| |Assurance services other than independent|examination||||| |Tax advisory fees|||||| |Other fees (for example: financial advice, consultancy,
to the independent
examiner||accountancy|services) paid||| |Note 14|Tangible
Axed assets|Tangible
Axed assets|Tangible
Axed assets||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Please complete this note ifthe charity has|||any tangible fixed assets||||||||||| |14.1 Cost or valuation|||||||||||||| ||Freehold land a,||Other land a||Plant,|machinery||snd|Fixtures, fittings and||Total||| ||buildings||buildings||motor vehicles|||||equipment|||| |At the beginning
of
the year|500,000|||||||||65,725||56,725|| |Additions||||||||||2,304|||,304| |Revaluations|||||||||||||| |Disposals|||||||||||||| |Transfers
*|||||||||||||| |At end ofthe year||||||||||68,029||56|029| |14.2 Depreciation
and|impairments||||||||||||| |**Basis SLor RB (Straight|||SLor RB|||SL or RB||||SLor RB|SLor|RB|| ||Line or Reducing||||||||||||| ||Balance)||||||||||||| |'*Rate|2%|||||||||20%|||| |At beginning
of the|20,000|||||||||40,610||60, 10|| |year|||||||||||||| |Disposals|||||||||||||| |Depreciation|10,000|||||||||13,606||23,606|| |Impairment|||||||||||||| |Transfers|||||||||||||| |At end of the year||||||||||54,216||64,2 6|| |14.3Net book value|||||||||||||| |Net book value at the
beginning
ofthe year||||||||||25,115||505,115|| |Net book value at the
end ofthe year|470,000|||||||||13,813|||| |14.4 Impairment|||||||||||||| |This year. Please provide adescription ofthe events and|||||||||||||| |cimumstances
that led|to the recognition|or|reversal ofan||||||||||| |impairment
loss.|||||||||||||| |Last year: Please provide adescription ofthe events and|||||||||||||| |circumstances
that led|to the recognitlon|or|raversat ofsn||||||||||| |impairment
loss.|||||||||||||| |14.5 Revaluation|||||||||||||| |ffan accounting
policy|ofrevaluation is adopted, please provide:|||||||||This year|Last year||| |the effective date ofthe revaluation|||||||||||||| |the name ofindependent|valuer, ifapplicable||||||||||||| |the methods applied and significant
assumptions|||||||||||||| |the carrying amount that would have been mcognised had
the assets been carried under the cost model.|||||||||||||| |14.6 Other disclosures|||||||||||||| |||||||||||This year|Last year||| |(i) Please state the amount ofbormwing
construction
oftangible fixed assets and||costs,ifany, capitalisedin
the capitalisation
rate used.|||||the||||||| |(ii) Ptease provide the
oftangible fixed assets.|amount ofcontractual||commitments|forthe acquisition|||||||||| |(fiick
Details ofthe existence and carrying amounts ofproperty,
plant
equipment
to which the charity has restricted title ortliat are pledged
security fortisbi%ties.|||||||snd
as||||||| |* The "transfers" row is for movements
between|||lixed asset categones.||||||||||| |Pleaseindicate
the method ofde rogation||b|deletin
the method||nota||i/cable|SL =|strai|ht line' RB = redudn|balance|A/so|| ## |20.1 Analysis ofcreditors|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||Amounts|falling due|Amounts|falling due after|| ||||||within|one year|more than||one year| ||||||This year|Last year|This year||Last year| |Accruals for grants payable|||||||||| |Bank loans and overdrafts|||||20,400|22,800|305,832||315,700| |Trade creditors|||||||||| |Payments
received on account for contracts|||||||||| |or performance-related
grants|||||||||| |Accruals and deferred
income|||||500|500|||| |Taxation and social security|||||||||| |Other creditors|||||||||| ||||Total||20,900|23,300|305,832||315,700| |20.2 Deferred income|||||||||| |Please complete this noteifthe charity has||||deferred|||||| ||||||This|year|Last year||| |Please explain the reasons|why income is||||||||| |deferred.|||||||||| |Movementin
deferredincome||account|||||This year||Last year| |Balance at the start ofthe reporting|||period||||||| |Amounts
added
in current period|||||||||| |Amounts
released to income|from previous|||periods|||||| |Balance at the end ofthe reporting|||period||||||| |Note|24
Cash at bank and|in hand||||| |---|---|---|---|---|---|---| ||||||This year
f|Last year| |Short|term cash investments|(less than 3months|maturity|date)||| |Short|term deposits|||||| |Cash|at bank and on hand||||221,162|110,975| |Other||||||| |Total|||||22,1|| ## ## |||The objects ofthe Church are for the benefit ofthe Public:|The objects ofthe Church are for the benefit ofthe Public:|The objects ofthe Church are for the benefit ofthe Public:||| |---|---|---|---|---|---|---| |||~|The objectives ofthe charity are to advance the Christian
faith in accordance|||| ||||with the statement
of beliefs in the United
Kingdom
and in such||other parts of|the| ||||world as the charity may from time-to-time
think fit and such other purposes|||| ||||which are exclusively
charitable
according to the law of England||and Wales and|| |||||relate to the charitable
work ofthe charity.||| |||~|To advance the Christian
faith in such ways and
in such parts ofthe United|||| |||||Kingdom
or the world as the Trustees
from time to time may think fit||| |Summary
ofthe objects ofthe
charity set out in its governing
document||~||To relieve sickness and financial
hardship
and to promote
and preserve
good
health
by the provision
offunds, goods or services of any kind, including
through
the provision ofcounselling
and support
in such parts ofthe United
Kingdom
or||| |||||the world as the Trustees
from time to time may think
fit||| |||~||To advance education
in such ways and
in such parts ofthe United
Kingdom||or| |||||the world as the Trustees from time to time may think
fit||| |||Summary||of main Activities||| |||~||The Charity provides services on Sundays
(and other days) to|enable a safe|| |||||place for worship,
celebration,
fellowship,
and learning.||| |||~||Enable meetings
for prayer and fellowship,
to combat isolation|and loneliness.|| |||||To enhance
the lives offamilies and offer support
and guidance|in helping to|| |||||build a friendly
and well-integrated
society.||| |Summary
ofthe main activities
undertaken
for the public benefit in
relation tothese objects (include||~||Provide a safe place and offer support to help transform
lives ofthose who
attend.||| |within this
declaration|section the statutory
that trustees
have had|~||Promote visitation
ofhospices and sponsorship
oftraining
for returners
to work||| |regard to the guidance
issued by the
Charity Commission
on public||~||Provide Counselling
and leadership
training||| |benefit)||~||Provide support for after school club in the community||| |||~||The celebration
of public worship,
the teaching ofthe Christian|faith, mission,|| |||||and evangelism.||| |||~||Pastoral work, including
visiting the sick and bereaved, the provision
offacilities||| |||||with a Christian ethos for the local community,
including
(but not restricted to)||| |||||the elderly, the young and other groups
with special needs.||| |||~||The support ofother charities
in the UK and overseas.||| |Additional|details ofobjectives and activities||(O|ptional
information)||| |Summary|ofthe main achievements|ACHIEVEMENT
AND PERFORMANCE|||||||| |---|---|---|---|---|---|---|---|---|---| |ofthe charity during the year||Charitable
activities Reaching out to the communities:|||||||| |||Harvest Chapel
International-UK
is committed
to the development||||and well-being
of|||its| |||members as well as its communities
through
its programmes||ofevents which||||made|| |||tremendous
impact
in the communities.
Despite the impact of||the||pandemic|the charity||| |||managed
to achieve
all of its objectives.|||||||| |||Investment
Performance|||||||| |||The Charity despite the difficulties the covid-19 pandemic|presented
managed|||||to keep all|| |||mortgage
up to date.|||||||| |||In the course ofthe year the charity missed an opportunity|to|purchase a permanent|||||| |||place for the Bedford branch due to inability to mobilise funds.|||||||| |||Internal
and external factors|||||||| |||Factors relevant to achieving
objectives:|||||||| |||Factors relevant to achieving
objectives: Voluntary
contributions||||were affected||negatively|| |||in some branches as some contributors
lost their jobs. The inability to change||||||all cash|| |||contributions
to online payments
was also a contributing|factor||||||| |||Plans for the Future|||||||| |||The Charity
is working
towards
acquiring
more properties|from||which the community||||can| |||be better served.|||||||| |||To ensure and provide
all the required
Government
measures|||and advice||in all Churches||| |||against Coronavirus
(Covid 19)|||||||| |||||||||FINANCIAL REVIEW Reserves policy|FINANCIAL REVIEW Reserves policy|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Briefstatement
ofthe charity's
policy on reserves||||||||The Charity's
financial
position:||||||||| |||||||||The Charity is still working
towards
acquiring|||more properties||from which the community|||| |||||||||can be better served.||||||||| |||||||||The charity's
financial
position is now being|||meticulously
built||carefully
keeping costs|||to| |||||||||the minimum,
without
compromising
the||quality of services||rendered||at approximately||the| |||||||||same level ofincoming
resources generated.||||||||| |||||||||Principal
funding sources. The charity's||principal
funding
continues to be members'||||||| |||||||||voluntary
contributions
and donations||||||||| |||||||||Cross Boarder Activity:||||||||| |||||||||The cross-border
activity refers only to the branch
in Scotland|||||with estimated
12.5%|||of| |||||||||the whole activities ofthe Harvest Chapel International-UK.||||||||| ||||||||||Risk Management:|||||||| ||||||||||The trustees
have a duty to identify and|review the risks to which the charity is exposed||||||| ||||||||||and to ensure appropriate
controls are in place to provide|||reasonable||assurance|against|| ||||||||||fraud and error.|||||||| ||||||||||The trustees
confirm that considerations|have been given||to the major risks to which||||the| ||||||||||charity is exposed and that systems
have been designed
'|||and|established
to mitigate|||| ||||||||||those risks|||||||| |Details ofany|||funds materially||||in|||||||||| |deficit||||||||||||||||| |Further financial||||review|details||(Optional||information)|||||||| |You|may choose|||to include||additional|||Financial
Review:|||||||| |information,||where||relevant||about:|||The total incoming
resources has increased||by about 39.5%to F232,907 in 2021 as|||||| |~|the charity's||principal||sources||of||compared
to F166,934 in 2020.|||||||| |~|funds (including
any fundraising);
how expenditure
has supported
key objectives ofthe charity;|||||||the|The total resources expended
increased
compared
to F105,144 in 2020.|by|about 25.3%|to F131,755 in 2021 as||||| |~|investment||policy and objectives||||||The net surplus
increased
by 63.7%to|F101,152as compared
tof61,791 in 2020||||||| ||including
any ethical
policy adopted.||||investment||||Total reserves for the year under review|increased
by about 36.5%||||to F378,243|in 2021|| ||||||||||as compared to F277,091 in 2020|||||||| ||||||||||The Charity's
financial
position: This is now||being meticulously||built|carefully keeping||| ||||||||||costs to the minimum,
without
compromising||the quality ofservices rendered
at|||||| ||||||||||approximately
the same level of incoming resources generated.|||||||| ||||||||||Principal
funding sources. The charity's|principal
funding||continues
to be members'||||| ||||||||||voluntary
contributions
and donations|||||||| ||||||||||CROSS BORDER ACTIVITY The cross-border
activity refers||||only to the branch||in|| ||||||||||Scotland with estimated
12.5%ofthe whole||activities ofthe Harvest|||Chapel International-||| ||||||||||UK.|||||||| ## ##