REGISTERED CHARITY NUMBER: 1052184
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | ||
|---|---|---|
| Report of the Trustees | 1 | to2 |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to the Financial Statements | 6 | to 11 |
| Detailed Statement of Financial Activities | 12 | to 13 |
BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
Once again, the month of January was dedicated for fasting, prayer and intercession followed by weekly prayer ministry, and a night prayer vigil.
A Restoration and Deliverance revival and prophetic conference were held. Leaders and ministers training and development to empower the Fellowship continued.
OBJECTIVES AND ACTIVITIES
Objectives and aims
a) To advance the Christian faith in accordance with the Statement of Beliefs appearing the Schedule hereto in Greater London and in such other parts of the United Kingdom or the world as Trustees may from time to time think fit.
b) To relieve persons who are in condition of need or hardship or who is aged or sick to relieve the distress caused thereby in Greater London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
c) To promote and fulfil such other charitable purposes beneficial to the community in Greater London and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
Significant activities
The Fellowship re-dedicated the month of January each year for fasting, prophetic conference, weekly prayer ministry, and Bible study.
Our annual Conference was well attended and supported by local leaders in the United Kingdom. Friday night was set apart for celebration and Thanksgiving with (High Praise) supported with musicians from other local ministry.
Our weekly mission outreach at the (Age UK) supporting the elderly residence with a hot meal and a high light for those elderly persons who would be having meals on wheels instead continues.
A well-deserved fellowship celebration dinner was held for the members and friends of the community.
We continued to involve and support other ministries in the UK by attending conferences, revivals, prayer ministry, empowering Women 4 Women and other activities.
"A Helping Hand that cares" Christmas celebration party was held for people in our Community of Fulham and Hammersmith was a great success. Gift Aid donations including food were given to those from the community who were in real need.
Public benefit
The chanty has continued to provide benefits to the public in the manner describe below.
-
Organising Sunday Service for religious worship and teaching
-
Organising Community outreach events and Evangelism
-
Provision of welfare and support for members
FINANCIAL REVIEW
Reserves policy
The Commission requires charities to determine and explain their policy for reserves. The trustees have reviewed its free reserve policy and have turned its entire free unrestricted fund into an emergency fund to enable Barclay Hall Christian Fellowship to meet its obligations in event of a shortfall in income or sudden upturn in expenditure.
Furthermore, the trustees meet quarterly to review their reserve level. If the value of the reserves falls below a level unacceptable to the trustees, then appropriate action will be taken immediately to rectify the situation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Page 1
BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1052184
Principal address
Effie Road Fulham London SW6 1TB
Trustees
MRS C V ASANTE A ASANTE K STEWART I STONE MS B RANDALL
Independent Examiner
NF Financial Solutions Ltd C/O Good to Give Ltd The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
Approved by order of the board of trustees and signed on its behalf by:
…………………………………………………………..
Trustee
1/22/2024
Date:………………………………………………..
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
Independent examiner's report to the trustees of BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
I report to the charity trustees on my examination of the accounts of BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts 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 of the accounts to be reached.
Date : 22 January 2024
NF Financial Solutions Ltd C/O Good to Give Ltd The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Notes 2023 Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 39,727 Investment income 86 Total 39,814 EXPENDITURE Charitable activities Governance Costs 34,148 1,440 Total 35,588 NET INCOME/(EXPENDITURE) 4,226 RECONCILIATION OF FUNDS Total funds brought forward 125,280 TOTAL FUNDS CARRIED FORWARD 129,506 |
2022 Total funds £ 52,235 - |
|---|---|
| 52,235 44,550 1,440 |
|
| 45,990 | |
| 6,245 119,034 125,280 |
The notes form part of these financial statements
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
BALANCE SHEET 31 MARCH 2023
| 20223 | 2022 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 3 | 50,928 | 17,917 |
| CURRENT ASSETS | |||
| Prepayments and Other Debtors | 1,234 | 2,455 | |
| Cash at bank | 79,523 | 106,386 | |
| CREDITORS Amounts falling due within one year |
4 | 80,757 (2,179) |
108,841 (1,478 ) |
| NET CURRENT ASSETS | 78,578 | 107,363 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 129,506 | 123,280 | |
| NET ASSETS | 129,506 | 123,280 | |
| FUNDS | 5 | ||
| Unrestricted funds | 129,506 | 125,280 | |
| TOTAL FUNDS | 129,506 | 125,280 |
The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf by:
…………………………………………….
Trustee
1/22/2024
Date: ………………………………….
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 costs 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.
Improvements to property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer & Musical Instruments - 25% on reducing balance
Taxation
The charity is exempt from 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. Restrictions arise 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 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
3 TANGIBLE FIXED ASSETS
| Improvements to Plant and property £ machinery £ COST At 1 April 2022 24,346 8,004 Additions 36,155 - At 31 March 2023 60,501 8,004 DEPRECIATION At 1 April 2022 9,322 7,899 Charge for year 2,559 26 At 31 March 2023 11,881 7,925 NET BOOK VALUE At 31 March 2023 48,620 79 At 31 March 2022 15,024 105 |
Fixtures And Fittings £ 8,890 - |
|---|---|
| 8,890 | |
| 7,502 208 |
|
| 7,710 | |
| 1,180 1,388 |
TANGIBLE FIXED ASSETS - continued
| Computer Motor and musical vehicles £ equipment £ COST At 1 April 2022 14,638 6,734 Additions - - At 31 March 2023 14,638 6,734 DEPRECIATION At 1 April 2022 14,475 5,498 Charge for year 41 309 At 31 March 2022 14,515 5,807 NET BOOK VALUE At 31 March 2023 123 927 At 31 March 2022 164 1,236 |
Totals £ 62,612 36,155 98,767 44,695 3,143 47,838 50,928 17,917 |
|---|---|
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4.
5.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Wages Control Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS |
At 1.4.22 £ 125,280 **125,280 ** |
2023 £ - 2,179 - 2,179 Net movement in funds £ 4,226 4,226 |
2022 £ 1,478 - - 1,478 At 31.3.23 £ 129,506 129,506 |
|---|---|---|---|
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BARCLAY HALL CHRISTIAN FELLOWSHIP TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| INCOME AND ENDOWMENTS 2023 £ Donations and legacies Offering and Donations 36,694 HMRC-Gift Aid – Charity 3,033 39,727 Investment income Bank Interest 86 Total incoming resources 86 EXPENDITURE Salary Cost 24,155 Printing, Books & Stationery 950 Motor, Travel & Transport - Light and Heating Telephone 3,549 1,096 Rates and Water 217 Insurance - Accountancy 1,440 Donations & Charitable Giving Miscellaneous Expenses Interest and Bank charges Depreciation - Improvements to Property 800 237 - 2,559 Depreciation - Plant and Machinery 26 Depreciation - Fixtures and Fittings 208 Depreciation - Motor Vehicles 41 Depreciation - Computer Equipment 309 35,588 Net (expenditure)/income 4,226 |
2022 £ 47,356 4,879 52,235 - 52,235 32,056 77 100 1,076 932 234 5,813 1,440 1,980 710 34 791 35 245 55 412 45,990 6,245 |
|---|---|
This page does not form part of the statutory financial statements
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