HGBCHURCH CIO Registered Charity: 1203704 Trustees’ Annual Report & Accounts For the Period 23rd June 2023 to 31[st] March 2024
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HGBCHURCH CIO Registered Charity: 1203704 Trustees’ Annual Report & Accounts For the Period 23rd June 2023 to 31[st] March 2024
1. CONTENTS
Report of the Trustees Examiner’s Report Statement of Financial Ac9vi9es Charity Balance Sheet Notes to the Accounts
2. LEGAL & ADMINISTRATIVE INFORMATION
Trustees Registered/Principal Office Property/Custodian Trustees Bankers Independent Examiner
3. HGBCHURCH TRUSTEES REPORT 2023-2024
Date of AGM Period Covered Introduc9on
4. OBJECTIVES & ACTIVITIES
Worship Services Outreach and Evangelism Youth and Children’s Ministry Life Groups and Discipleship Community Engagement
5. ACHIEVEMENTS & PERFORMANCE Membership Growth Community Impact
6. FINANCIAL REVIEW
Income Expenditure Reserves
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7. GOVERNANCE & STRUCTURE
- Trustees Risk Management
8. LOOKING AHEAD
9. CONCLUSION
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HGBCHURCH CIO Registered Charity 1203704 Trustees' Annual Report & Accounts For the Period 23rd June 2023 to 31st March 2024
1. CONTENTS
Report of the Trustees Examiner's Report Statement of Financial Ac9vi9es Charity Balance Sheet Notes to the Accounts
2. LEGAL & ADMINSTRATIVE INFORMATION
Trustees (Minister, Elder and Deacons) Rev. Honesty Kachidza Minister Richard Leach Elder Pamela Palmer Treasurer Lorraine Alexander Deacon MaThew Leach Deacon
HGBCHURCH CIO Hither Green Bap9st Church Theodore Road London SE13 6HT
Property/Custodian Trustees
The London Bap9st Property Board Unit C2 15 Dock Street London E1 8JN
The Trust Company holds the deeds of the following property: HGBCHURCH CIO Hither Green Bap9st Church Theodore Road London SE13 6HT
No property valua9on has been undertaken in recent years, and the value shown in the accounts is the insured value.
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Bankers Barclays Bank
Independent Examiner Mar9n Pringle
3. HGBCHURCH TRUSTEES REPORT 2023-2024
Date: 27 November 2024 Period Covered: 23 June 2023 – 31 March 2024
Introduc^on
The trustees of HGBCHURCH are pleased to present this report for the financial period 23 June 2023 to 31 March 2024. Though HGBCHURCH registered in June 2023, active financial operations commenced in February 2024, following the transfer of assets. This brief period marks the beginning of a new chapter for our ministry, grounded in the mission to advance God’s Kingdom, transform lives, impact communities, and empower every generation.
4. OBJECTIVES & ACTIVITIES
The primary objec9ve of HGBCHURCH is to promote the Chris9an faith in alignment with biblical principles. In addi9on, the church seeks to advance educa9on and engage in other charitable ini9a9ves both within the UK and interna9onally. Key ac9vi9es ini9ated since February include:
Worship Services
Weekly worship remains central, with services every Sunday at 10:30 a.m. Special seasonal services like our Easter Sunrise gathering have welcomed community par9cipa9on, helping to spread the gospel locally.
Outreach and Evangelism
A pancake fundraiser for Mission Bulgaria on 13[th] February 2024, and our Easter Sunrise Service on 31[st] March 2024, have helped strengthen community connec9ons. These ini9a9ves encourage local engagement and support for global missions.
Youth and Children’s Ministry
Programmes for young people include Kingdom Youth (ages 11-16) and Kingdom Light (ages 5-11), offering biblical teaching, fellowship, and community. Each group provides structured opportuni9es for growth, focusing on topics like prayer and the miracles of Jesus.
Life Groups and Discipleship
March, all Life Groups gathered for a Lent study with themes centred around crea9on, fostering connec9on and spiritual growth.
Community Engagement
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Our Kingdom Tots playgroup meets on Mondays, providing a suppor9ve environment for young children and their carers.
5. ACHIEVEMENTS & PERFORMANCE
highlights include:
Membership Growth
We welcomed new members as part of our commitment to making disciples.
Community Impact
Outreach events like the pancake fundraiser and Easter Sunrise Service have fostered community rela9onships.
6. FINANCIAL REVIEW
transparency:
Income
Expenditure
Total expenditure was £15,703, directed towards founda9onal church expenses.
Reserves
The church holds reserves of £25,000 as of March 31[st] , in line with policy to ensure future sustainability.
7. GOVERNANCE & STRUCTURE
HGBCHURCH is governed by a board of trustees responsible for overseeing the strategic direc9on, financial management, and legal obliga9ons of the church.
Trustees
| Trustees | |
|---|---|
| Rev. Honesty Kachidza | Minister |
| Richard Leach | Elder |
| Pamela Palmer | Treasurer |
| Lorraine Alexander | Deacon |
| MaThew Leach | Deacon |
Risk Management
Trustees have conducted an ini9al risk assessment and have measures in place to mi9gate poten9al risks, ensuring alignment with HGBCHURCH’s mission.
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8. LOOKING AHEAD
As we move forward, our priori9es remain focused on expanding our community outreach, strengthening discipleship for our youth and young adults, and inves9ng in key facility improvements. We trust that God will faithfully guide us as we con9nue advancing His Kingdom both within our community and beyond.
We’re eagerly an9cipa9ng the Kingdom Kidz Conference in April, an exci9ng opportunity to sow into the lives of our children. Addi9onally, we look forward to taking our Kingdom Youth to Satellites, a 9me of fellowship, growth, and spiritual renewal. And of course, we are thrilled to celebrate our fathers together at the upcoming Father’s Day BBQ!
9. CONCLUSION
faithfulness and dedica9on. We look forward to witnessing God’s work in and through HGBCHURCH in the coming year.
This report has been prepared for presenta9on at the next AGM.
Signed:…………………………………………………. Date:27[th] November 2024 Rev. Honesty Kachidza (On behalf of HGBCHURCH Trustees)
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HGBCHURCH CIO
LEGAL AND ADMINISTRATIVE INFORMATION
START OF FINANCIAL PERIOD 23rd June 2023 END OF FINANCIAL PERIOD 31st March 2024
CUSTODIAN TRUSTEE
The Baptist Union Corporation Ltd.
CUSTODIAN TRUSTEE ADDRESS
PO Box 44 129, Broadway Didcot Oxfordshire OX11 8RT
TRUSTEES Rev'd Honesty Kachidza - Chair Richard Leach - Elder Pam Palmer - Treasurer Lorraine Alexander Matthew Leach
GOVERNING INSTRUMENT
The church is governed by its own constitution and rules as approved at the church members' meeting.
LEGAL STATUS
Association CIO
OBJECTIVES
VISION
A Kingdom-Advancing Church MISSION Every Life Transformed by God's Kingdom. Every Community Impacted by His Love. Every Generation Empowered for Eternity.
ADDRESS Theodore Road Lewisham SE13 6HT PRIMARY BANKERS Barclays Bank Plc 93 Lewisham High Street SE13 6BB INDEPENDENT EXAMINER Martin Pringle MDCP Accountancy 25 Merton Road Seven Kings Greater London IG3 8PB
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Independent Examiner’s Report on the Accounts
Report to the trustees of HGBCHURCH CIO on the accounts for the period ended 31 March 2023-24.
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 of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts under section 145 of the Charities Act
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To follow the procedures laid down in the general Direction given by the Charity Commissioners under section 145 (5)(b) of the charities Act
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To state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commissioners. 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 disclosures in the accounts, and seeking explanations from the 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 present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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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 Charities Act and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Martin D C Pringle Professional qualifications: FIAB
Address: 25 Merton Road, Seven Kings, Greater London, IG3 8PB Date: 2nd December 2024
HGBCHURCH CIO
STATEMENT OF RECEIPTS & PAYMENTS (SUMMARY) FOR THE PERIOD 23RD JUNE 2023 TO 31ST MARCH 2024
| RECEIPTS Donations and Tax Refunds Other Incoming Resources TOTAL RECEIPTS PAYMENTS Costs of Activities in Furtherance of the Charity's Objects Resources expended on Managing and Administering the Charity TOTAL PAYMENTS RECEIPTS / (PAYMENTS) |
Unrestricted Funds £ 20,274 147 20,421 14,521 1,182 15,703 4,719 |
Designated Funds £ 1,956 0 1,956 0 0 0 1,956 |
Restricted Funds £ 1,561 - 1,561 0 - 0 1,561 |
Total 2023-24 £ 23,791 147 23,938 14,521 1,182 15,703 8,235 |
|---|---|---|---|---|
There are no material uncertainties about the charity's ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.
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HGBCHURCH CIO
STATEMENT OF RECEIPTS & PAYMENTS (DETAILED)
FOR THE PERIOD 23RD JUNE 2023 TO 31ST MARCH 2024
| Notes RECEIPTS DONATIONS AND TAX REFUNDS Building Fund - Manse General Fund TV Fund Mission Bulgaria 2024 Kingdom Kidz Kingdom Tots Total Donations & Tax Refunds OTHER RECEIPTS Hall Hire Total Other Receipts TOTAL RECEIPTS PAYMENTS FURTHERANCE CHARITY'S OBJECTS Minister's Stipend, Staff Salary & PAYE 3 Pension Costs 6 Manse Rental 3 Council Tax Heat and Light Equipment & Supplies 4 Computer & Software Total Furtherance Charity's Objects MANAGING/ADMINISTERING CHARITY 2 Insurance & Rates Repairs & Maintenance Telephone, Broadband & Website Printing, Photocopying & Stationery Subscriptions Legal Fees Total Managing/Administering Charity TOTAL PAYMENTS NET RECEIPTS / (PAYMENTS) FOR THE PERIOD |
Unrestricted Funds £ 20,160 114 20,274 147 147 20,421 8,908 554 2,400 322 2,134 15 188 14,521 116 269 266 17 171 343 1,182 15,703 4,719 |
Designated Funds £ 1,956 1,956 0 1,956 0 0 0 1,956 |
Restricted Funds £ 1,041 500 20 1,561 0 1,561 0 0 0 1,561 |
Total for Period £ 1,041 20,160 500 1,956 20 114 23,791 147 147 23,938 8,908 554 2,400 322 2,134 15 188 14,521 116 269 266 17 171 343 1,182 15,703 8,235 |
|---|---|---|---|---|
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HGBCHURCH CIO STATEMENT OF ASSETS & LIABILITIES AT 31ST MARCH 2024
| ASSETS BANK & OTHER CASH BALANCES Hither Green BC Current Account Hither Green BC Savings Account HGBCHURCH CIO Current Account HGBCHURCH CIO Savings Account London Baptist Property Board Deposit Cash in hand OTHER MONETARY ASSETS Debtors Prepayments TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Creditors Accruals NET CURRENT ASSETS LONG TERM LIABILITIES Loans NET ASSETS CAPITAL AND RESERVES Notes UNRESTRICTED FUNDS 7 DESIGNATED FUNDS Mission Bulgaria 2024 8 RESTRICTED FUNDS Building Fund - Manse 9a Streaming Equipment 9b Kingdom Camp 2023 9c Kingdom Kidz 9d Kingdom Kidz Merchandise 9e Satellites 9f TV Fund 9g TOTAL ASSETS RETAINED FOR CHARITY'S OWN USE Buildings 10.1 Church Contents 10.2 Portacabin 10.3 |
2024 £ 5,722 856 17,210 40 114,651 17 138,497 0 0 138,497 (1,702) 0 (1,702) 136,795 (6,000) 130,795 62,410 7,329 62,245 (3,957) 2,418 252 (316) (87) 500 61,055 130,795 1,043,313 85,169 7,091 1,135,573 |
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The notes on page 5 are an integral part of these financial statements.
The financial statements on pages 3 to 4 were approved by the Trustees on 30th November 2024 and signed on its behalf by:
Honesty Kachidza
30th November 2024
Rev. Honesty Kachidza Pastor and Chair of the Trustees
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HGBCHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 23RD JUNE 2023 TO 31ST MARCH 2024
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These accounts have been prepared on a R eceipts and Payments basis and in accordance with Section 133 Charities Act 2011.
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Managing / Administering the Charity represents direct expenditure incurred in the management of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to volunteers for their service.
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The Minister acts as one of the church's trustess and receives remuneration and other benefits in respect of his services as Minister, including the provision of manse accommodation rented by the church at a cost of £1200 per month.
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Office Equipment is not capitalised but expensed upon purchase.
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The custodian trustee of the church is the Baptist Union Corporation Limited which is a registered charity (number: 249635), and which is controlled by the Baptist Union Council. The church is also a member of the Baptist Union of Great Britain, and the London Baptist Association.
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The church pays pension contributions for its Minister to a Private fund (Standard Life), which is a defined contributions scheme and not contracted out of the State Second Pension. The church also pays pension contributions for its Administrator to Nest Pensions, which is also not contracted out of the State Second Pension.
7. Unrestricted Funds
| 7. Unrestricted Funds General Funds 8. Designated Funds Mission Bulgaria 2024 9. Restricted Funds Notes Building Fund - Manse 9a Streaming Equipment 9b Kingdom Camp 2023 9c Kingdom Kidz 9d Kingdom Kidz Merchandise 9e Satellites 9f TV Fund 9g |
Balance Tfrs to Balance 23-Jun-23 Income Restricted Expenditure 31-Jan-24 £ £ £ £ £ 57,692 20,421 0 15,703 62,410 57,692 20,421 0 15,703 62,410 Balance Trfs Between Balance 23-Jun-23 Income Funds Expenditure 31-Jan-24 £ £ £ £ £ 5,373 1,956 0 0 7,329 5,373 1,956 0 0 7,329 Balance Trfs Between Balance 23-Jun-23 Income Funds Expenditure 31-Jan-24 £ £ £ £ £ 61,204 1,041 0 0 62,245 (3,957) 0 0 0 (3,957) 2,418 0 0 0 2,418 232 20 0 0 252 (316) 0 0 0 (316) (87) 0 0 0 (87) 0 500 0 0 500 59,495 1,561 0 0 61,055 |
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The church is the beneficial ownder (subject to the relevant trusts) of the following assets, the legal title to which is held by the church's custodian trustee, the London Baptist Property Board Ltd:
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10.1 Church premises at Theodore Road, London SE13 6HT, valued in the accounts at £1,043,313, based on the insured value. 10.2 The church owns fixtures, furnioture and equipment with an insured value of £85,169.
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10.3 The church also owns a portacabin, valued in the accounts at £7,091, based on the insured value.
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