REGISTERED CHARITY NUMBER: 1172773
Report of the Trustees and Unaudited Financial Statements for the Year ended 31 August 2022 for HERTFORDSHIRE CHRISTIAN CENTRE
HERTFORDSHIRE CHRISTIAN CENTRE
Contents of the Financial Statements for the Year ended 31 August 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statements of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statements of Financial Activities | 9 |
HERTFORDSHIRE CHRISTIAN CENTRE
Report of the Trustees for the Year ended 31 August 2022
The trustees presents their report with the financial statements of the charity for the year 1 September 2021 to 31 August 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1172773
Registered office
417 Shenley Road Borehamwood Herts WD6 1TW
Trustees
John Adebogun Akinola Komolafe Atawa Aryee (Mrs)
Secretary
C P Igbokwe
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Hertfordshire Christian Centre is a Charitable Incorporated Organisation. It is governed by a Memorandum and Articles of Association and controlled by the Directors for the purpose of company law.
Principal Activity
The principal activity of the Charity in the year under review was the advancement of the Christian religion.
Risk management
The trustees have addressed the major risks to which the charity is exposed, in particular those relating to specific operational areas of the charity and its finances. The trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity has one main objective:
The advancement of the Christian religion.
It pursues this objective through the establishment of a Christian worship centre, based presently at Hertswood Academy premises in Borehamwood, Hertfordshire - where Sunday meetings are held.
Plans for the future
The charity will continue to share the gospel to its members and congregations and support them spiritually, emotionally and any other way necessary. HCC will continue to explore opprtunities and ways of reaching out and spreading the gospel of Christ in an effective manner locally, nationally and internationally including supporting existing activities and initiating new programmes and activities.
Page 1
HERTFORDSHIRE CHRISTIAN CENTRE
Report of the Trustees
for the Year ended 31 August 2022
Community Programme
We are delighted that we were able to host both our, now annual indoor and outdoor Community Carol Service, including providing refreshment for all attendees in 2021.
In addition, we also held an outdoor Community Summer Worship Service in 2022 at Borehamwood Shopping Park. During this session, we gave away almost 100 Christian literature to the community.
In response to the pandemic, we were able to successfully move our activities on-line but resumed communal services in July 2021. However we have continued to air our services including Bible study and prayer meeting online. We also introduced a monthly online teaching ministry (The Mind of Christ), which helped HCC expand its reach and impact beyond its membership.
Family Programme
We have continued to provide family programme through our services and "The Mind of Christ" services and activities. As part of our Family Life programme we continue to mark Mother's Day and Father's Day with a series of teaching on family life including supporting families with relevant literature to support godly and effective family life. We also continue to support our members, families and friends with pastoral care as and when necessary.
Thanks And Appreciation
We are particularly thankful to the congregation and volunteers of Hertfordshire Christian Centre for the sacrificial contributions of time, efforts and finances to the ongoing work, to see lives touched and changed for the better locally and beyond to the glory and praise of our Lord and Saviour Jesus Christ.
Approved by order of the board of trustees on 9 June 2023 and signed on its behalf by
Atawa Aryee (Mrs) - Trustee
Page 2
HERTFORDSHIRE CHRISTIAN CENTRE
Statements of Financial Activities for the Year ended 31 August 2022
| Notes INCOME AND ENDOWMENTS FROM Donations, Gifts, Grants and legacies 2 Investment Income Total EXPENDITURE ON Raising funds 4 Charitable activities Total NET (EXPENDITURE)/INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2022 2021 Unrestricted Restricted Total Total fund fund funds funds £ £ £ £ 54351 1500 55851 64546 - - - - |
|---|---|
| 54351 1500 55851 64546 1800 0 1800 1600 52951 1500 54451 33930 |
|
| 54751 1500 56251 35530 |
|
| (400) - (400) 29016 63552 - 63552 34536 |
|
| 63152 - 63152 63552 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities
The notes form part of these financial statements
Page 4
HERTFORDSHIRE CHRISTIAN CENTRE
Balance Sheet At 31 August 2022
| Balance Sheet At 31 August 2022 |
||
|---|---|---|
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 2021 Unrestricted Restricted Total Total fund fund funds funds £ £ £ £ 186 - 186 373 - - - 1000 64051 - 64051 63314 |
|
| 64237 - (1085) - |
64237 64687 (1085) (1135) |
|
| 63152 - |
63152 63552 |
|
| 63152 - |
63152 63552 |
|
| 63152 - |
63152 63552 |
|
| 63152 63552 - - |
||
| 63152 63552 |
The financial statements were approved by the board of Trustees on 9 June 2023 and were signed on its behalf by
Atawa Aryee (Mrs) - Trustee
Page 5
HERTFORDSHIRE CHRISTIAN CENTRE
Notes to the Financial Statements
for the Year ended 31 August 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared 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.
The charity constitutes a public benefit entity as defined by FRS 102
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost 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.
Equipment 20% on cost- straight line
Taxation
The charity is exempt from corporation 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 statements.
2. ACTIVITIES FOR GENERATING FUNDS
| Tithes and offerings Gifts Gifts Aid Claims Grants - [Govt CJRS] Other Income |
2022 2021 £ £ 39843 38450 0 0 10238 0 1500 24000 4270 2096 |
|---|---|
| 55851 64546 |
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HERTFORDSHIRE CHRISTIAN CENTRE
Notes to the Financial Statements for the Year ended 31 August 2022
| 3. INVESTMENT INCOME Deposit account interest 4. RAISING FUNDS Raising donations and legacies Visiting ministry cost Support costs 5. TRUSTEE'S REMUNERATION AND BENEFITS There were no trustee's expenses paid for the year ended 31 August 2022. 6. STAFF COSTS Administration The average monthly number of employees during the year was as follows: 7. TANGIBLE FIXED ASSETS Cost At 1 September 2021 Additions At 31 August 2022 Depreciation At 1 September 2021 Charge for year At 31 August 2022 NET BOOK VALUE At 31 August 2022 At 31 August 2021 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors |
2022 2021 £ £ - - 2022 2021 £ £ 1800 1600 54451 33930 2022 2021 £ £ - - 2022 2021 £ £ 42937 26096 1 1 Equipment Fixtures & Totals Fittings £ £ £ 934 - 934 - - |
2022 2021 £ £ - - |
|---|---|---|
| 2022 2021 £ £ 1800 1600 54451 33930 |
||
| 2022 2021 £ £ - - |
||
| 2022 2021 £ £ 42937 26096 |
||
| 934 934 |
||
| 561 - 561 187 - 187 |
||
| 748 - 748 |
||
| 186 - 186 |
||
| 373 - 373 |
||
| 2022 2021 £ £ - 1000 |
Page 7
HERTFORDSHIRE CHRISTIAN CENTRE
Notes to the Financial Statements
for the Year ended 31 August 2022
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and Social security Accruals and deferred income |
2022 2021 £ £ 435 435 650 700 |
|---|---|
| 1085 1135 |
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted fund Building fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Grants TOTAL FUNDS |
Net Transfers movement between At 01.09.21 in funds funds At 31.08.22 £ £ £ £ 63552 (400) - 63152 - - - - |
Net Transfers movement between At 01.09.21 in funds funds At 31.08.22 £ £ £ £ 63552 (400) - 63152 - - - - |
|---|---|---|
| 63552 (400) - 63152 |
||
| Incoming Resources Movement resources expended in funds £ £ £ 54351 (54751) (400) 1500 (1500) - |
||
| 55851 (56251) (400) |
11. RELATED PARTY DISCLOSURES
There are no related party transactions for the year ended 31 August 2022
Page 8
HERTFORDSHIRE CHRISTIAN CENTRE
Detailed Statement of Financial Activities for the Year ended 31 August 2022
| INCOME AND ENDOWMENTS Tithes and offerings Gifts Gift Aid Claim Grants -[Govt CJRS] Other Income EXPENDITURE Raising donations and legacies Visiting ministry cost Charitable activities Benevolence/giving Hall hire Telephone Printing, postage & stationery Books & other resources Travel Insurance Hire of equipment Support costs Management Bank charges Depreciation Human Resources Wages Social security Others Refreshments Governance costs Legal & professional fees Total Resources expended Net (expenditure)/income |
2022 2021 £ £ 39843 38450 0 0 10238 0 1500 24000 4270 2096 |
|---|---|
| 55851 64546 |
|
| 1800 1600 |
|
| 1800 1600 1526 1494 4318 1059 741 485 43 316 1590 2889 152 0 220 220 457 96 |
|
| 9047 6559 0 0 187 187 |
|
| 187 187 38667 24000 4270 2096 |
|
| 42937 26096 600 201 |
|
| 600 201 1680 887 |
|
| 1680 887 |
|
| 56251 35530 |
|
| (400) 29016 |
Page 9
HERTFORDSHIRE CHRISTIAN CENTRE
Independent Examiner's Report to the Trustees
I report on the accounts for the year from 1 September 2021 to 31 August 2022 set out four to nine.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedure laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) ; and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
O Obidipe Independent Examiner
10 June 2023
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