2022-12-31-accounts

										FINANCIAL REVIEW Reserves policy
Briefstatement ofthe charity's policy on reserves									The Charity's financial position:
										The Charity is working towards achieving a reserve cover oftwo years' operating						costs.
										The Charity is also working towards acquiring more properties from	which		the community
										can be better served.
										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 is through		members'			voluntary
										contributions and donations.
										Cross Boarder Activity:
										The cross-border activity refers only to the branch in Scotland with	estimated			12.5'/o 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 1 '/o to 8234,444 in			2022		as
~	the charity's			principal		sources		of		compared to F232,907 in 2021.
~	funds (including any fundraising); how expenditure has supported key objectives ofthe charity;								the	The total resources expended increased by about 42.57'/o to F187,849 in compared to F131,755 in 2021.			2022			as
~	investment		policy and objectives							The net surplus decreased by to F46,595 in 2022 as compared to F101,152 in 2021.
	including	any		ethical		investment
	policy adopted.									Total reserves for the year under review increased by about 12.32 '/o		to F424,838 in 2022
										as compared to F378,243 in 2021.
										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'/o ofthe whole activities ofthe Harvest		Chapel Intemational-
										UK.

			~ ~ ~ ~ 0
Report to the trustees/ members of			,,".". 'Ii'y NR .4i'. Harvest Chapel International - UK
On accounts for the year			Charity no	1164948/SC047001
		ended	31 December 2022 (ifany)
Set out		on pages	1 - 9
			I report to the trustees on my examination ofthe accounts ofthe above
			charity ("the Trust")for the year ended 31/12/2022
Responsibilities		and	As the charity's trustees, you are responsible for the preparation ofthe
basis ofreport			accounts in accordance with the requirements of the Charities Act 2011
			("the Act").
			I report in respect of my examination ofthe Trust's accounts carried out
			under section 145ofthe 2011Act and in carrying out my examination,		I
			have followed all the applicable Directions given by the	Charity Commission
			under section 145(5)(b)ofthe Act.
Independent			[The charity's gross income exceeded f250,000 and I am qualified to
examiner's	statement		undertake the examination by being a qualified member	ofACCA.
			I have completed my examination. I confirm that no material matters have
			come to my attention in connection with the examination	(other than that
			disclosed below *) which gives me cause to believe that in, any material
			respect:
			~ the accounting records were not kept in accordance with section		130
			ofthe Charities Act; or
			~ the accounts did not accord with the accounting	records; or
			~ the accounts did not comply with the applicable requirements
			concerning the form and content ofaccounts 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 ofthe accounts to be reached.
			*Please delete the words in the brackets ifthey do not	apply.
		Signed:	Date:	01/10/2023
		Name:	Johnson Akpebu
Relevant professional
qualification(s)		or body	Fellow —Association ofChartered Certified Accountant	- FCCA
		(ifany):

Harvest Chapel	international	- UK	Chant	No		1164948/SC047001	1164948/SC047001
			Corn	an	No	CE005919
	Annual accounts for the					eriod
Period start date		01/01/2022				Period end date,	31/12/2022

					0Z
					8C		Restricted
Recommended categories			by activity			' Unrestricted, funds	income funds	'	Endowment, funds, f	Total funds f.	.	Prior year funds
Income (Note 3)						F01	F02		F03	F04	I	F05
Income and endowments		from:
Donations and legacies					~'S01	234,444						232,907
Charitable activities					S02
Other trading activities					S03
Investments					S04
Separate material item ofincome					S05
Other					S06
Total					S07	234,444				234,444		232,907
Expenditure (Notes 6)
Expenditure on:
Raising funds					S08	41,606						16,857
Charitable activities					S09	48,333				48,33.3		34,472
Separate material expense	item				S10	61,288				61,288		45,869
Other					S11	36,622				36,622		34,557
Total					S12	187,849				187,849		131,755
Net income/(expenditure)				before tax for
the reporting period					S13	46,595				46,595		101,152
Tax payable					S14
Net income/(expenditure)			after tax
before investment	gains/(losses)				S15	46,595						10'I,152
Net gains/(losses) on
investments					S16
Net income/(expenditure) Extraordinary items					S17 S18	46,595				46,595		101,152
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
Reconciliation of
funds:
Total funds brought forward					S23	378,243						277,091
Total funds carried forward					S24	424,838						378,243

				~ ~ ~ ~
Note 2				Accounting policies
2.2 INCOME
Recognitlon	ofincome			These are included in the Statement of Finanaal Activities (SoFA) when.
				~ the charity becomes entitled to the resources; I ~ 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 reliabiTity
				iThere has been no offsetting ofassets and liabilities, or income and expenses, unless			Yes*	i	No				N/a*
				',required or permitted by the FR S 102SORP or FRS 102.
Grants and	donations			Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10to 5.12FRS102SORP).			Yes'		No*				N/a*
				In the case of performance related grants, income must only be recognised to the extent -ithat the charity has provided the specified goods or services as entitlement to the grant			, Yes'		No*				N/a*
				I only occurs when the performance related conditions are met (516FRS 102 SORP).
				i I egacies are included in the SOFA when receipt is probable, that is, when there has
Legacies				Ibsen grant of probate, the executors have sstabkshed that there are sufficient assets in the estate and any conditions attached to ths legacy ars either within the control ofthe			, Yea*		No*				N/a*
				Icharity or have been met.
							'Yes*		No*				N/a'
Government			grants	, Ths charity has received government grants in the reporting period
Tsx reclaims			on	Gift Aid receivable is included in income when there is a valid declaration from ths donor Any Gift Aid amount recovered on a donation is considered to be part ofthat gift and is		'	'Yes*,		No*				N/a*
donations	and gifts			, treated ss an addition to the same fund as the initial donation unless the donor or the
				terms ofths appeal have specified otherwise.
Contractual performance		income and related		I This is only included in the SoFA once the chanty has provided the related goods or services or met the performance related conditions.			'Yes*	'	No		'		N/a
grants
							;Yes"		No'		'		bulla*
Donated goods				Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
				The cost of any stock ofgoods donated for distribution to beneficiaries is deemed to be			'iYes*		No'				N/a*
				the fair value ofthose gifts at the time of their receipt and they are recognised on receipt.
				In the reporting period in which the stocks are distnbuted, they are recognised as an
				expense at the carrying amount of the stocks at distnbution.
				Donated goods for resale sre measured at fair value on initial recognition, which is the , expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading actwities' 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 ars recognised as tangible fixed assets			Yes*		No*				N/a*
				iand included in the SoFA as incoming resources when receivable.
				Gifts in kind for use by the chanty ars included in the SoFA as income from donations			Yes*		No*				N/a*
				when receivable.
Donated services and				Donated services and facilities are included in the SOFA when recewed at the value	of		Yea*		NO*				N/a*
facilities				the gift to the charity provided the value of the gift can be measured reliably
				Donated services and facilities that are consumed immediately are recognised ss income			Yes*		No*				N/a
				with an equivalent amount recognised as an expense under the appropriate heading	in
				the SOFA
							.Yes*		No'				N/a*
Supportcosts				The charity has incurred expenditure on support costs.
Volunteer	help			The value of any voluntary help received is not included in the accounts but is described in the trustees' annual repoh.			, Yes'		No,				N/a*
Income from			interest,	This is included in the accounts when receipt is probabls and the amount receivable	can		Yes*	'	No*				N/a*
royalties and			dividends	'be measured reliably.
Income from			membership	'Membership subscriptions received in the nature ofa gift are recognised in Donations			Yes*		No*			'	N/a*
aubscrlptlons				and Legacies.
				Membership subscriptions which gives a member the right to buy sennces or other			Yes*		No*				N/a*
				benefits are recognised as income earned from the provision ofgoods and services as
				, income from charitable actwities
Settlement claims	ofinsurance			Insurance claims are only included in the SoFA when the general income recognition cntena are met (5 10to 5.12FRS102SORP) snd are included as an item of other income in the SoFA.			'Yea*		No				N/a*
Investment losses	gains and			This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the			Yes*		No*				N/a*
				year

2.3EXP	E	N	DITURE		AND LIABILITIES
											— -+
					Liabilities are recognised where it is more kkely than not that there is a legal or				'	Yes*	No*		Nla'
Liability	recognltlon			i constructive obligation committing the charity to pay out resources and the amount obligation can be measured with reasonable certainty		ofthe		'	,
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'	'	N/a*
					compliance vnth regulation and good practice.
					Support costs inaude central functions and have been allocated to activity cost
					categories on a basis consistent with the use of resources, eg allocating property costs					Yes*	No		N/a*
					by floor areas, or per capita, staff costs by the time spent and other costs by their usage
Grants with performance					Where the charity gives a grant with conditions for its payment being a specific level of
conditions					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 speafied service or output
Grants payable without performance conditions					Where there are no conditions attaching to the grant that enables the donor charity realistically avoid the commitment, a liability for the full funding obligation must be	to			iYes*,		No*		N/a'
					recognised.
Redundancy		cost			The charity made no redundancy payments dunng the reporting penod				'Yes*		No*	I	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'		N/a
Provisions	for		liabilities		iA liability is measured on recognition at its historical cost and then subsequently measured at the best estimate ofthe amount required to settle the obligation at the					Yes*	No*		N/a*
				, ,reporting date
Basicfinancial instruments					iThe chanty accounts for basic finanaal instruments on initial recognition as per paragraph 10.7 FRS102SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,FRS102SORP.					Yes*	No*		N/a*
2.4ASSETS
Tangible fixed			assets for		These are capitalised if they can be used for more than one year, and cost at least
use by charity										Yes*	No*		Nla*
					They are valued at cost.
					The depreciation rates and methods used are disclosed in note 14.
Intangible	fixed assets				The chanty has intangible fixed assets, that is, non-monetary assets that do not have 'physical substance but are identifiable and are controlled by the charity through custody					Yes*	No*		N/a*
					or legal rights. The amortisation rates and methods used are disclosed in note 15
					They are valued at cost.					Yes*	No*,		N/a*
Heritage assets				The charity has heritage assets, that is, non-monetary assets with histonc, arbstic, scientific, technological, geophysical or environmental qualities that are held and l maintained pnnapally for their contribution to knowledge and culture The depreciation					,'Yes*		No*		N/a'
				'	rates and methods used as disdosed in note 16.
									,Yea'		No'		Nla'
					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				i	Yes	No*		N/a
					end. The same treatment is appked to unsated investments unless fair value cannot be
				i	measured reliably in which case it is measured at cost less impairment.
					investments held for resale or pending their sale and cash and cash equivalents with a				i	Yes	No',		N/a"
				imatunty date of less than 1 year are treated as current asset investments
Stocks and	work in				Stocks held for sale as part of non-chantable trade are measured at the lower or cost or					Yes'	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 the 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'	'	N/a*
				,	contract.
					Debtors (including trade debtors and loans recewable) are measured on initial
Debtors					recognition at settlement amount after any trade discounts or amount advanced by the					Yes'	No*		N/a'
					charity. Subsequently, they are measured at the cash or other consideration expected to
					be received.
Current asset					The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit		i		Yes*		No*		Nla*
investments					and cash equivalents with a maturity 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*
					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	I
													'	Unrestricted	income	'	Endowment
						Analysis of			income					funds	funds		funds	Total funds	Pdor year
																		K
Donations			Donations		and ifts									369,625					232,907
and legacies:			Gift Aid
			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	369,625				369,625	232,907
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 disposal of a tangible									fixed asset held
			for charit		's own use
			Gain on		disposal ofa programme								related
			investment
			Royalties		from the		exploitation					of	intellectual
			ro ert		ri	hts
			Other
													Total
TOTAL INCOME														369,625				369625	232907
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		income funds'		,	Endowment funds,	~	Total funds	i Unrestricted funds	i '	income funds	~ l	Endowment funds	'	Total funds
Expenditure		on raisin		funds:
Incurred seeking donations								41,606						41,606	16,857						16,857
Total	expenditure		on raising funds					41,606						41,606	16,857		.				16,857
Expenditure		on charitable			activities:
Charitable activities								48,333						48,333	34,472						34,472
Total	expenditure		on charitable			activities
								48333						48,333	34472						34,472
Separate material			item	ofexpense
Separate material			item ofexpense					61,288						61,288	45,869						45,869
Total								61,288						61,288							45,869
Other
De reciation								21,387						21,387	23,606						23,606
Loan	Interest							14,734						14,734	10,451						10,451
Accountanc		fee						500						500	500						500
Total	other expenditure							36,622
TOTAL EXPENDITURE								187,849						187,849	131,755						131,755
Other	information:
Analysis of		expenditure		on charitable			activities
									This		year						Last		year
	Activity		or programme				Activities undertaken directly		Grant funding of activities			Support Costs		year	Activities undertaken directly		Grant funding of activities		Support Costs		Total last year
Activit	1
Activit	2
Other
Total

Note 10.1 Fees for examination	ofthe
Please provide details ofthe amount paid for
		This	Last
		year	year
Independent examiner's fees		500	500
Assurance services other than	independent
Tax advisory fees
Other fees (for example: financial advice,

Note 14		Tangible fixed	assets	assets	assets
Please complete this	note ifthe charity has a~n				tangible fixed assets
14.1 Cost or valuation
	Freehold land 8		Other land			6		Plant,		machinery		and	Fixtures, fittings and				Total
		buildings		buildings					motor		vehicles		equipment
At Ihe beginning of		500,000												68,029
the year
Additions		225,000												20,623
Revaluations
Disposals
Transfers
At end ofthe year
14.2Depreciation and	impairments
**Baaia	SL Or RB(Straight				SLor RB					SL	or RB		SLor RB			SLor RB
	Line or Reducing
		Balance)
"Rate		2%											20%
At beginning ofthe		30,000												54,216
year
Dispossis
Depreaaiion		14,500												6,887
Impairment
Transfers*
At end ofthe year
14.3Net book value
Nei book value at the		470,000
beginning ofthe year																'	'
Nei book value at the		. 680,500												27;84S	.		708,04SS
end of the year
14.4 Impairment
This year: Please provide s description			ofthe events			and
circumstances that led		to the recognition	or	reversal		ofan
impairment loss.
Last yesrr Please provide a descrtption			ofthe events			and
circumstances that led		to the recognition	or	reversal		ofan
impairment loss.
14.5 Revaluation
ifan accounting policy		ofrevaluation is	adopted, please provide:										This year		'	Last year
the effective date of	the revaluation
the name ofindependent		valuer, ifapplicable
the methods applied	snd significant assumptions
the carrying amount	that would have been recognised had						I
the assets been cerned		under the cost model.
14.6 Other disclosures
													This year			Last year
(if Please state the amount ofborrowing			costs,ifany, capitalised							in	the
construction oftangible		fixed assets and the		capitalisation			rate		used.
(gJ Please provide the		amount ofcontractual			commitments			for	the acquisition
oftangible fixed assets.
(fii) Details ofthe existence and carrying amounts ofproperty,									plant		and
equipment to which the		charity has restricted			title or	that are		pledged			ss
securtty for liabilities.
* The "transfers" row is for movements between					fixed asset categories
Pleaseindicate the method ofde reciation 5				deietin		the method			nota		licabie	SL	= sirai hi(inc	RB = reducin		balance. Also

		~	~	~
Note 20 Creditors	and	accruals
Please complete this noteif the charity		has	any creditors oraccruals.
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				40,980		20,400	435,669			305,832
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				26,900				305,832
20.2 Deferred income
Please complete this note ifthe charity		has	deferred
				This year				Last year
Please explain the reasons why income		is
deferred.
Movement in deferred income account							This year		Last year
										E
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	Last year
Short	term cash investments	(less than 3months
Short	term deposits
Cash	at bank and on hand		193,939	221,162
Other
Total