**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:
- Examine the accounts under section 145 of the Charities Act
- To follow the procedures laid down in the general Direction given by the Charity Commissioners under section 145 (5)(b) of the charities Act
- 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:
- 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
- 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**|
|---|---|
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**
1. These accounts have been prepared on a R **eceipts and Payments** basis and in accordance with Section 133 Charities Act 2011.
2. 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.
3. 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.
4. Office Equipment is not capitalised but expensed upon purchase.
5. 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.
6. 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**|
|---|---|
10. 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:
- 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.
- 10.3 The church also owns a portacabin, valued in the accounts at £7,091, based on the insured value.
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