Charity's Registered Number: 514595 HUDDERSFIELD CHRISTIAN FELLOWSHIP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
HUDDERSFIELD CHRISTIAN FELLOWSHIP CONTENTS PAGE Trustees, Report Stalement of Trustees, Responsibilities Audrtors. Report Statement of Financial Activities 10-11 Balance She81 12-13 Statement of Cash Flow 14-15 Notes to the Accounts 16-28 Revenue and Trdding Accounts 29-31
HUDDERSFIELD CHRISTIAN FELLOWSHIP Trustees, Report for the Year Ended 31 January 2025 The trustees present their report and accounts for the year ended 31 January 2025. The accounts have been prepared in accordance with the accounting policies note set out in note 1 to the accounts and comply with the Charities Act 2011 and the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts In accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). (a) REFERENCE AND ADMINISTRATIVE DETAILS REGISTERED OFFICE Cathedral House St Thomas Road Huddersfkid HD13LG STATUS Charity governed under Trust Deed Dated 16 November 1983: No $14595 TRUSTEES Mr J Clarkson Mr S Gladslone Mr C Campbell Mr J Sklnner Mr A Smith Mr J Nlchols Mf A Goggins Mr J Lewls Mr M Sidding Mr A Vielra (appolnted 20 October 2024) TRUST SECRETARY Mr J Lewis BANKERS Barclays Bank PIC 17 Market Place HuddersfEld HD12AB AUDITORS Simpson Wood Limited Chartered Accountants Bank Chambers Markel Street Huddersfield HD12EW Page 1
HUDDERSFIELD CHRISTIAN FELLOWSHIP Trustees, Report for the Year Ended 31 January 2025 (bl OBJECTIVES AND ACTIVITIES OF THE CHARITY Objectives The objects of the Fellowship as laid down in the Declaration of Trust, dated 16 November 1983 are: _ The proclamation and furtherance of the gospel of God concerning His Son. Jesus Christ our Lord, and the preaching and teaching of the Christian faith thughOut the Huddersfield area and elsewhere. The furtherance of the Christian work of the Huddersfiekl Christian Fellowship at Huddersfield being that of the believers holding the doctrines of beli8f sel forth in the Schedule to the Declaration of Trust. Details of thi5 doctrinal basis of belief are as follows:. The divine inspiration and infallibility of Holy Scripture (the Bible) as originalty given and its su- preme authority in all matters of farth and Conduct. The unity of the Father. the Son and the Holy Spirit in the Godhead. The universal sinfulness and guilt of human nature since the fall rendering man subject to God's wrath and condemnation. Redemption from Ihe guilt penalty and power of sin only through the sacrifKial death (as our representative and substitute) of Jesus Christ, the incamate Son of God. The resurrection of Jesus Christ from the dead. The necessty of the WOTk of the Hoty Spirit to make the death of Christ effective to the individual sinner. granting him repentance towards God and faith in Jesus Christ. The indwelling and work of the Holy Spirit in the believer. The expectation of the personal feturn of the Lord Jesus Christ. b) d) g) h) The relief of human suffering and poverty consequent upon the effect of p&rsonal. local, national or international disaster. Pollcles to achleve obJec¢lves The policies of the Fellowship are formulated to facilitate the establishment of a local church whKh acts as a positive influence on the local community, and which seeks lo be a benefit to other local churches, both nationally and internationally, in their efforts to spread the gospel of Jesus Christ. We have decided that reaching this goal is the best way lo ensure ihe achievement of the above stated objectives. The following policies are designed to assist the Fellowship in fulfilling its perceived role: 1. The continued development of the Fellowship's Youth programme. 2. The expansion of relationships with churches nationally and internationally. 3. The continued financial support of both individuals and religious organisations. 4. The continued support of Centre Books and Crafts. Activities Youth programme:_ The Fellowship has six youth groups that meet on Saturday evenings with over 300 attending each Saturday night. These groups cover an age range of 7 - 30. There are also five Sunday school groups with an age range of 4 - 13, plus a creche. On a Sunday there are around 250 children in attendan. The Iraining programme for youth 15 slill interested in developing musical. media and serving skills throughout the year and it is pleasing to note thai a number of these young people are still graduating into the main church areas of seing. There is a steady progression in thi5 area. All 3 Youth groups annually sojourn at their respective hostels which prove valuable with the building of relationships within the church for future generations. Muslc and Media'.- The Fellowship has a reputation for musical excellence and the positive impact of a strong worshipping church has been significantly seen across the whole congregation during this past year. Church relationships... Relationships with other churches have further flourished once again this year. Our relationships With churches have resulted in trips to the USA. Tanzania, Kenya, The Netherlands and Ukraine. Page 2
HUDDERSFIELD CHRISTIAN FELLOWSHIP Trust88s' Report for the Year Ended 31 January 2025 Flnan¢lal support.'- The charity has performed remarkabty. The financial year has seen charitable income increase by 14.8OA over the prior year, and net income in resources has increased by £132,000. During the course of the year. the charity has repaid £350.301 against the bank loan and now stands at £3,356,491. (2024 .' £3,706,793) Centre Books and Crafts:. The 2024125 financial year delivered a strong overall perfotmance, with lolal revenue increasing by 12.6°h compared to Ihe previous year. This growth was driven primarily by standout perfomiance from the Coffee Shop . The Coffee Shop performed well, growing by £44.3k {24.00/0) , indicating both customer growth and strong trading. Fizzy Lizard delivered modest but stable groW(h. up £10.9k year-on-year, while the Book Shop saw a slight decline, falling short of both budget and last year's revanu8 by £3.2k. On the bottom line, operating profit worsened by £11,566 Yearn-year. However, direct costs were higher than anticipated. mainly due lo the April increase in the National Living Wage, which impacted all departments. Wrth the three businesses Coffee Shop, Book Shop. and Fizzy Lizard collectively generating a positive operating result. This marks a clear slep in the right direction and creates a solid platform for continued financial improvement. If current trends persist, Ihe organisation is well-POSitioned to achi8va a fully sustainable and profitable year ahead. Cathedral House Care Servlces:_ Cathedral House Care Services (CHCS) remains fully operational and continues to Serve an increasingty elderty generation within the congregation. While the primary focus has been on older members, we are se8ing a growing number of individuals in Iheir 40s and 50s also requiring support. CHCS is commitled to adapting and responding to these evolving needs-both now and into the future. This year turnover was in line with 2024. However, Ihe loss for the financial year increased due to the 2024 grants receivable not being repeated in 2025. Looking ahead, we anticipate a significant improvement in operating profit due to planned financial support through donations from HCF. Wrth this backing, we ar8 confident in CHCS'S continued growth and impact over the coming years, Page 3
HUDDERSFIELD CHRISTIAN FELLOWSHIP Trustees, Report for the Year Ended 31 January 2025 ORGANISATION GOVERNANCE, STRUCTURE AND MANAGEMENT Governance The charity is governed under 8 trusi deed dated the 16trb November 1983. Structure and management Overall responsibility for the Fellowship lies wilh the trustees. of whom there are 9, with a team of elders responsib18 for overseeing the Church and the church's businesses. These two bodies, the trustees and elders while being two distinct groups have a number of common members and between them are responsible for the formulating and implementation of policies designed to further the objectives of the Fellowship. The power for the appointment or removal of trustees lies with the Irustees themselves. Alethod adapted for recruitment and appointment of new trustees The Fellowship's trustees have historically been selected by the existing trustees from within the Fellowship's membership. The criteria for choosing trustees are their commitment to the Fellowship and the usefulness to the Fellowship of thair professional expertise. Policies and procedures adapted for the Introductlon and tralnlng of new trustees New trustees are trained very much 'on the job, with initially very close supervision. All work undertaken. especially by new trustees is closely monitored with regular reporting back to the ChaiNnan of the Trust. Risk managemént The trustees have considered the major risks to which the charity is exposed, in particular those relating lo the operations and finances, and are satisfi'ed that systems are in place to mitigate their exposure to these. Remuneration Policy The Board of Trustees are responsible for approving changes to pay. Staff are in bands and will be remunerated depending on their roles and responsibilities wilhin the organisation. The pay reviews will return to being every year due to the increasing output of the organisation as a whole and the development of each area. FINANCIAL REVIEW OF THE YEAR Relationship with relatod partles The Fellowship owns the entire share capital of Cathedral House Media Ltd, Promised Land Develop- ments Ltd and Cathedral House Care S8rvices Ltd. The results of these subsidiaries have been incorporated in the consolidated figures of the Fellowship. Promised Land Developments Ltd is a property dev81opment company. A refinancing exercise was conducted last year as a result of which the existing loan was repaid on 29th August 2023 and a new loan 5-year facility of £3.75m in the name of Huddersfield Chrisian Fellowship Registered Ch8rily was agreed with Barclays Bank Plc. The loan includes a variable rate contract at a rale of 2.75°/o above base. In addition, a £200.000 overdraft facility in the name of Huddersfield Chrisian Fellowship Registered Charity has now been reduced lo nil as of August 2024. Page 4
HUDDERSFIELD CHRISTIAN FELLOWSHIP Trustees, Report for the Year Ended 31 January 2025 (e) RESERVES POLICY The trustees have a fomial reserves policy which lo set a free cash headroom equivalent to two months of operating costs for the org8nisation as 8 desired level of cash reserve. This cash headroom is a con- tingency in the event of a sudden reduction in income, in order to protect the fulure operation of the organ15ation from the effecls of any unforeseen variations in its income and expenditure. It also provides a cash flow for gifts, grants and contracts thal are paid in arrears. Th8 trust88s continue to b8 confident that the Fellowship's cash flow is such that it is well able to meet all its short term and medium-temi commitments. ifj ACHIEVEMENTS AND PERFORMANCE Cathedral House continues to operatè with a successful local and national profile to a levél higher than the size of the congregation merits. Churches still look towards the Fellowship for guidance and practical assistance and continues to dig deep especially into ils human resources in orderto assist olher churches around th8 world. but it is pleasing lo report that we have nev81 found oUrse8S unable to help those who have looked lo us for a5SlStance. as in previous years. Ig) PLANS FOR FUTURE PERIOD Future plans are basically 'more of Ihe same.. There is, of course, the need to be financially prudent given the large payments that are still being made in repayment of our mortgage. On the other hand, the organisation has plans for development in many areas including community activity, upgrading maint nan areas of the site and staff. However, it would be short sighted to cut back on our core activities as it is these that have brought the Fellowship the level of success il has enjoyed over the years. Financial matters aside. we will continue being pro-&tive in trying to achieve our ultimate aim of taking the.good news. of the Chrtstian Faith to as wide an aud*nce as possible. On behalf of the board of trustees J Lewis Trustee Dated: 21 September 2025 Page 5
HUDDERSFIELD CHRISTIAN FELLOWSHIP Statement of Trustees, Responsibilities for the Year Ended 31 January 2025 The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generalty Accepted Accounting Practice>. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a (rue and fair view of the state of affairs of the charity and of Ihe incoming resources and application of resources of the charity for that pericmj. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistently., obsep4e the methods and principles in the Charities SORP: make judgments and accounting estimates that are reasonable and prudent; state whether applicable accounling standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare Ihe financial stal8ments on the going concem basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial stalements comply with the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Page 6
HUDDERSFIELD CHRISTIAN FELLOWSHIP Independent Auditorfs report to the Trustees of Huddersfield Christian Fellowship for the Year Ended 31 January 2025 Oplnlon We have audited the financial statements of Huddersfield Christian Fellowship (the 'charily') for the year ended 31 January 2025 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Stsndards, including Financial Reporting Standard 102 Th8 Financi8lReporting S18ndard applicable in Ihg UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements.. give a true and fair view of the state of the charitable company affairs as at 31 January 2025 and its incoming resources and application of resources. for the y8ar ended,. and have be8n properly prepared in accordance with United Kingdom General Accepted Accounting Practice. have been prepared in accordance with thè requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance Wlth International Standards on Auditing (UK} (ISAS {UKI) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for Ihe audit of financial statements section of our report. We are independent of the charity in COrdanC8 With the ethical requirements Ihat are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and provisions available for small entilies, and we have fulfilled our other ethical responsibilities in accordance wrth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriat8 lo provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS {UK) require us to report to YOU W8re'. the trustees, use of the going concern basis of accounting in the preparation of the financial slatements is not appropriate- or the trustees, have not disclosed in the financial statements any identified material uncertainties that may cast signifan1 doubt about the charity's ability to continue to adopt the going concern basis of ac¢ounling for a period of at least twelve months from the date when the financial statemenls are authorised for issue. Other Information The truslees are responsible for the other informalion. The other information compri888 lh8 information included in the annual report, other than the financial siatements and our auditor's report thereon. Our opInn on the financial state ments does not cover the other infomiation and we do not express any form of assuran conclusion thereon. In connection with our audrt of the financial statements, our responsibilty is to read the other infomiation and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in Ihe audit or otheise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatemenl in the financial stalements 01 a material misstatement of the other infonnation. If, based on the work we have performed, we conclude Ihat Iheie is a materi81 misslatemenl of this other information. we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception We hav8 nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if. in our opinion: the information given in the financial statements is inconsistent in any material respect with the trustees, report; or sufficient accounting records have not been kept: or the financial statemenls are not in agr8@ment with the accounting records., or have not received all the information and explanation V require for our audit. Page 7
HUDOERSFIELD CHRISTIAN FELLOWSHIP Ind8pendent Auditor's report to lh8 Trustees of Huddersfield Christian Fellowship for the Yeaf Ended 31 January 2025 Responslbllltles of Irustees As explained more fully in the statement of trustees, responsibiliiies, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In ppalIng the financial statements, the trustees are responsible for assessing the Charity's abilty to continue as a going concern, disclosing. as applicable, matters related 10 going concern and using the going concern basis of accounting unless the trust8es either intend lo liquidale the chartty or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audil of the financial statements We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial stalements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audil conducted in accordance with ISAS (UK) will always detect a material misstatemant when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http.1I.frc.ofg.UklaUdrt0rsreSponSlb1lIIles. This description forms part of our auditor's report. Extent to which the audit was considered capable of detecting irregularies including fraud Our approach to Klentifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations. was as follows: we focused on specific laws and regulations which we considered may have a direct malerial effect on the financial slatemenls or the operations of the charity, including Charities Act 2011. Charities (accounls and Reports) Regulation 2008, data protection and anti-bribery legislation; we assessed the extent of compliance with the laws and regulations rdentified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within Ihe audil team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial stalements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where th8y cOnsered theie was susceptibility lo fraud, their knowledge of actual. suspeclad and alleged fraud". considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations and. perfomied analytical procedures to identify any unusual or unexpected relationships. To addrèss the risk of fraud through management bias and override of controls. we: tested joumal entries to identify unusual transactions.. assessed whether judgements and assumplions made in determining the accounting estimates were indicative of potential bias and., investigated the rationale behind significant or unusual transaclions. Page 8
HUODERSFIELO CHRISTIAN FELLOWSHIP Independent Auditor's feport to the Trustees of Huddersfield Christian Fellowship for the Year Ended 31 January 2025 In response to the risk of irregularities and non<ompliance with laws and regulations, we designed procedures which included. but were not limited to.. agreeing financial statement disclosures to underlying supporting documentation- reading the minutes of meetings of those charged with governance and; enquiring of management as to aclual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed thal laws and regulations are from fi'nancial transactions. the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the tiustees and other management and the inspection of regulatory and legal correspondence, rf any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. Use of our report This report is made solety to the charity's trustees, as a body, in accordance with part 4 of the charities (Accounts and ReFX)rts) Regulalion 2011. Our audit work has been undertaken so that we might state to the charty's trustees those matters we are reqUId to slate lo them in an auditors, report and for no other purpose. To the fullest extent penniited by law, we do not accept or assume responsibilty to anyone other than the charty and th8 charity's trustees as a body. for our audit work. for this report, or for the opinions we have fomied. Sukhblnder Khangura BA FCA {Senior Statutory Auditor) For and on behalf of Simpson Wood Limited Chartered Accountants Slalutory Audltor Bank Chambers Market Street Huddersfield HD12EW Dated.. 21 September 2025 Page 9
HUDDERSFIELD CHRISTIAN FELLOWSHIP Consolidated Statement of Financial Activities for the Year Ended 31 January 2025 2025 2024 Income and Expenditure Incom5ng Resources Fund Raising Income Charilable Income Investment Income Other Income 493,207 1,825.090 4,406 184.328 433,879 1,592,238 1.417 169,554 Total Incoming Resources 2,507,031 2,197,088 Resources Expènded Fund Raising Costs Charitable Activities Governance Costs Flnance Costs 503,916 1,414,600 76.732 276.608 442,562 1,323,667 69.695 258.301 Total Resources Expended 10 2,271,855 2,094,225 Net Incoming Resources for Ihe Year 235,176 102.863 Balances brought fop*vard at 1 February 9,821.977 9.719,114 Balances carried forward at 31 January 10,057,153 9.821,977 Page 10
HUDDERSFIELD CHRISTIAN FELLOWSHIP Statement of Financial Activities for the Year Ended 31 January 2025 Note 2025 2024 Income and Expenditure Incomlng ReurCeS Fund Raising Income Charitable Income Investment Income Other Income 493.207 1,825,090 4.406 130,974 433,879 1,592,238 1,417 108.392 Total Incoming Resources 2,453,677 2,135,926 Resources Expended Fund Raising Costs Charitable Activities Governance Costs Finance Costs S03,916 1.364,034 71,382 276,583 442,562 2.776,403 58,753 136,517 Total Resources Expended 10 2,215,915 3,414,235 Net Incomin91{Outgoln9I Resources for the Year 237,762 {1,278,309) Balances brought forward at 1 February 12.563.691 13,842.000 Balances carried forward at 31 January 12 801454 12,563.691 Pag811
HUDDERSFIELD CHRISTIAN FELLOWSHIP Consolidated Balance Sheet at 31 January 2025 Note 2025 2024 Flxed assets Tangible fixed assets Inv8Stments 14 15,636,775 15 15,759,711 Current as5etS Stock Debtors Cash at bank and in hand 16 17 32,702 79,881 429,316 541,899 33,986 112,440 329.768 476,193 Llabllltles: amounts falllng due within one year 18 505,652 559,492 Net Current Assetsl(Liabilitiesl 36,247 183.299) Total Assets less Current Liabilities 15,673,022 1 S.676.412 Llabllttles: amounts falllng due after more than one year 19 3.036,887 3,275,453 Net Assets 12636135 12,400,959 Income Funds Unrestricted Revaluation reserve 10,057.153 2,578.982 12 636,135 9,821.977 2,578,982 12,400,959 These accounts together with the Trustees Report were approved by the Board of Trustees on 21 September 2025 and signed on ils b J6864 &- Inner S Gladstone Page 12
HUDDERSFIELD CHRISTIAN FELLOWSHIP Balance She8t at 31 January 2025 Note 2025 2024 Flxed assets Tangible fixed assets Investments 14 15,635,391 15 106 15,758,072 104 Current assets Stock Debtors Cash at bank and in hand 16 17 32,702 241,488 425.412 699.602 33.986 319.566 325.709 679.261 Llabllftles: amounts falling due withln on8 year 18 496.757 598.294 Net Current Assels 202.844 80,968 Total Assets less Current Llabllltles 15,838,341 15,839.144 Liabilities: amounts falling due after more than one year 19 3,036,887 3,275,453 Net Assets 12,801,454 12,563.691 Income Funds unStricted 12,801,454 12,563,691 These accounts together wilh the Trustees Report were approved by the Board of Trustees on 21 September 2025 and signed on its behalf by.. ner S Gladstone Page 13
HUDDERSFIELD CHRISTIAN FELLOWSHIP Consolidated Cash Flow at 31 January 2025 Note 2025 2024 Cash flow from operallng actlvltles Cash generated from operalions Finance c051s Net cash inflow from operations 25 690,875 276.608 414,266 565,361 258.301 307,060 Investlng actlvltles Purchase of tangible fixed assets Proceeds from sale of fix8d assets Not cash used In Investlng actlvltles (64.418) (57.909) (64,418 (57.909) Finance activities Bank loan introduced Other loan introduced Repaymenl of bank loans (Repayment) of overdraft Repayment of other loans Waiver of olher loans Net cash provlded by (used In) financing activities 3.750,000 250.000 (350,301) (3.666,943) {85,593) {8,000) 150,000 (250.301) (10.536) Net cash increas8 in cash and cash equivalents 99.547 238,615 Cash and cash equivalents at the beginning of the year 329.768 91.153 Cash and cash equivalents at end of year 26 429,316 Page 14
HUDOERSFIELD CHRISTIAN FELLOWSHIP Cash Flow at 31 January 2025 Note 2025 2024 Cash flow from operating activities Cash generated from operations Finance costs Nel cash Inflow from operatlons 25 691,007 276,583 414,423 13,985.805 136,517 13,849,288 Investing activities Purchase of tangible fixed assets (including transfer) Purchase of investments Proceeds from sale of fixed assets Net cash used In Investlng actlvltles {64,418) (17.307,997) (2) (64,420) (17,307.997) Finance activities Bank loan introduced Other loan introduced Repayment of bank loans Repayment of other loans Net cash lused in) providing by financing activilios 3,750,000 250,000 (350,301) 150,000 (250,301) (43,207) 8,000 3,698,793 Net cash increase in cash and cash equivalents 99,702 240.084 Cash and cash equivalents at the beginning of the year 325.709 85.625 Cash and cash equlvalents at end of year 26 425412 325 709 Page 15
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 Accountlng Pollcles Accountlng Conventlon Th8 accounts (financial statements) have been prepared Ltnder the historical cost convenlion with items recognised at cost or transaclion value unless OtheiSe stated in Ihe relevant note{s) to these accounts. The financial ststements have been prepared in accordance with the Statement of Recommencled Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102). The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statemènts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. Donatlons and Glfts Donations and Gifts represents monies receivable on a regular basis from the congregation including relevant tax recovered or r8coverable. Turnover Turnover is derived from individual givinglcollections, income from the coffee shop, bookshop. Fizzy Lizard play gym, providing care-services and h05pilalty and events. Costs Costs are recognised when incurred and are allocated as far as possible to their functional classification. Where 8XP8nditure inVoe$ more than one cost category expenditure is apportioned on a usage basis. Tanglble Ilxed assets Depreciation is provided on all tangible fixed assets, other Ihan land, in order to write off the cost, less estimated residual value of each asset over its expected useful lrfe, at the following annual rates: _ Freehold Building Property Improvements Fixlures. Fittings & Equipment Motorvehicle 1°A on a straight-line basis 15°/o on reducing balance basis 150A on reducing balance basis - 20°h on reducing balance basis Revaluation of fixed assets Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usualty considered to be their Depreciated Replacement Cost Revaluation gains and losses are recognised in other comprehensive income and accumulated in equily, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in the Statement of Financial Activities, or a revaluation loss exceeds the accumulated revaluation gains recognised in equty., such gains and losses are recognised in the Statement of Financial Activities. Impalmient of flxed assets At each reporting period end date, the chaflty reviews the carrying amounts of its tangible assets to detennine whether there is any indication that those assets have suffered an impairment Ios5. If any such indication exisls. the recoverable amount of the asset is estimated in order to detemine the extent of the impaimient 105s (if any). Wher8 It is not possible to estimate lh8 recoverable amount of an individual asset, the charity e51imates the recoverable amount of the cash-generating unit to which the asset belongs. Page 16
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use. the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and Ihe risks specific to the asset for which the estimates of fulure cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) 15 estimated to be less Ihan its carrying amount. the carrying amount of the asset {oi cash-generating unit) is reduced to ils recoverable amount. An impairment loss is recognised immediately in profil or loss, unless the relevant asset is caffied at a revalued amount, in which case the impairmenl loss is trealed as a revaluation decr8ase. Recognised impairmenl losses are reversed if. and only rf, the reasons for the impairment loss have a5ed to apply. Where an impairment loss subsequently reverses, the carrying amounl of the asset {or cash-generating unit) is increased lo the revised estimate of ils recoverable amount, but so that the increased carying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unill in prior years. A reversal of an impairment loss is recognised immediately in profit or bss. unless the relev8nt asset 15 carried at revalued amount, in which case the reversal of the impairment loss is treated as a revaluation in¢ase. Slock stock is valued at the lower of cosl or net fealisable value. Investments Interesls in subsidiaries. associates and jointly controlled enlities are initially measured al cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairmenl losses or reversals of impairment k)sses are recognised irnmedialely in profft or loss. A subsidiary is an entity controlled by the company. Control is the power to govem Ihe linancial and operating policies of the entily so as lo obtain benefits from rts activilies. An associate is an enlty, being neither a subsidiary nor a joint venture, in which the company holds a long-term inlere81 and where the company has signifant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the company has a long temi interest and shares control under a contractual arrangement a ¢lassrfied as jointly controlled entilies. Cash and cash equivalents Cash and cash equivalents are basic financial assets and include cash in hand. deposits held at call with banks. other short-tem liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabililies. Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all ol its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charily becomes party to the contradual provisions of the instrument. Financial assets and liabilities ar8 offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilrty simultaneously. Baslc flnanclal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the fulure receipls discounted at a market rate of interest. Financial assels Classified as receivable within one year are not amortised. Page 17
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 Classification of financial instruments Financial liabilities and equity instruments are classified according to the substance of the contraclual arrangements entered into. An equty instwment is any contract that 8videnc88 a residual interest in the assets of the company after deducting all of its liabililies. Basic financial Instruments Basic financial liabilities. including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction pri unless the arrangement constitutes a financing transaclion. where the debl instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities clas5rfied as payable within one year are nol amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade credrtors are obligations lo pay for goods or services that have been acquired in Ihe ordinary course of business from suppliers. Amounts payable ar8 classrf18d as cuffenl liabilities if payment is due within one year or less. If not, they are presenled as non-currenl liabilities. Trade creditors are cognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financlal Ilabllitles Financial liabilities are derecognised when the company's contractual obligation5 expire or are discharged or cancelled. Eqully Instruments Equty instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equty instruments are recognised as liabilities once they are no longer at the discrelion of lh8 company. Value Added Tax Irrecoveiable Value Added Tax is added on to the levant net expense. Taxatlon As a charty the Fellowship is not liabl8 to corporation taxation olh8r than trading income. which could be potentially taxable. This is assessed on a yearly basis. Recovery is therefore made of lax credits and tax deducted from income and from receipts under Gift Aid. The Fellowship is also able to partially recover Value Added Tax. Government Grants Government grants are recognised at the fair value of the assel received or receivable when there 1$ reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the perfomance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability. Employee Benefits The costs of short-tèrm employee benefits arè recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of slock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employea's Services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed lo terminale the 8mploym8nt of an employe8 or to provide termination benefits. Page 18
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 Foreign Exchange Transaclions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the tiansactions. At each reporting end date, monetary assets and liabilities thal are denominated in foreign currenctes are relranslated at the rales prevailing on the r8POrting end date. Gains and losses arising on translation in the period are included in profit or loss. Judgement and key sources of 88timation and uncertalnty In the application of the charily's accounting policies, Ihe trustees are required to rnake judgements, estimates and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 are based on histoiical experience and other factors that are considered to be relevant. Actual results may differ from Ih8se èslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that peri(xl, or in the period of the revision and future periods where the revision affects both current and fulure periods. Consolidation The Fellowship has three wholly owned subsidiaries, Promised Land Developments Limited, Cathedral House Media Limited and Cathedral House ca Services Limited. These subsidiaries have been consolidated in thes8 financial statemenis. Basls of Consolldation All financial statements are made up to 31 January 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members ofthe group. All intra-group transactions, b81ances and unrealised gains on transactions behv88n group companies are eliminated on consolidation. Unrealised losses are a150 eliminated unless th8 transaction provides evidence of an impaiment of the asset transferred. Subsidiaries are consolidated in the group's financial slatements from the date that control commences until the date that control ceases. Page 19
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 2 Fund Ralslng Income 2025 2024 Catering Centre Books and Crafts 30,055 463.152 493,207 22.653 411.226 433,879 3 Charitable Income 2025 2024 Offèrings and Trthes Donations 1,554,517 270,573 1,825,090 1,571,310 20,928 1,592,238 4 Investment Income 2025 2024 Bank Interest 4.406 1.417 1.417 (Consolidated) 2025 2024 (Charity) 2024 5 Other Income 2025 Rents Received Trips Sundries Domiciliary Care Fees Government Grants 98,765 24,254 7.955 53.354 61,719 43,756 2,917 53,530 7,632 169,554 98.765 24.254 7.955 61,719 43,756 2,917 184,328 130,974 108,392 6 Fund Ralslng Costs 2025 2024 Catering Books and Music Coffee, Book Shop, Fizzy Lizard and Care Services - Cost of Sales Wages and Salaries Training costs and uniform Rates, Water and Insurance Conference Fees and Subscriptions Office costs and repairs Poslage. Stationery and Advertising Bank and Credit Charges Incidenials Depreciation 29.682 14,846 27.129 12.888 172,725 253.657 296 3,484 3,501 7,157 1,435 8,955 727 7,452 503,916 155.461 211.788 228 3,778 2,634 8,994 2,444 9,396 224 7.598 442,562 Page 20
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 (Consolldated) 2025 2024 (Charity 7 Charitable actlvltles 2025 2024 Trustees Remuneration Elders Non-Trustee Remuneration Missions and Outreach Gifts (note 21) Property Running Costs Youth and children's work Trips Wages and Salaries Staff training and uniform Printing. Posts98, Stationery and Advertisins Conference Fees and Subscriptions Events costs IT costs Motor Expensas Cleaning Bank and Credit Charg8S Sundry Expenses Operating Lease Rental Depreciation Lossl(Profit) on disposal of fixed assets Impairment loss on th8 valuation of property 172.823 124.452 42,027 89.530 249.360 2,488 32,463 389,636 170,000 131,625 33,288 70,519 239,428 1,279 41,712 304,839 2.087 6,024 33.629 1.090 19.825 9.249 8,108 11.268 1,927 51.452 158,740 27,577 172,823 124,452 42.027 130.012 247,133 2,488 32,463 303,762 170,000 131.625 33.288 70.519 237,169 1,279 41,712 224,443 7,121 28,058 5,363 29,971 11,902 12,220 7.368 6,369 23,549 175,833 4.067 7,121 25,574 5,363 29,971 12,294 11,956 7,033 6,369 23,549 175,578 4,Q67 5,892 31.212 1.090 19,825 8,989 8,011 3,110 1,901 51,452 80,830 27,577 1626.478 2,776,403 1414,600 1,323.667 1,364 034 (Conso15dated 2025 2024 (Charlty 8 Governance costs 2025 2024 Audit and Accountancy Fees Professional Fees 19.068 57,664 76,732 15,602 54.093 14,371 57,011 71,382 7.965 50,788 58,753 (Consolidated) 2025 2024 (Charlty) 2024 9 Flnance costs 2025 Bank interest on loans Interest on overdue taxation 276,608 258,235 66 258 301 276.583 136,517 276.608 276.583 136.517 10 Total Resources Expended (Consolidated) Staff Costs Dep'n Other Costs Total 2025 Total 2024 Fund Raising and Publicity Charitable Activities Governance Cosls Finance Costs 253,657 686.911 7.452 175.833 242.806 503,916 551,856 1.414,600 76,732 76,732 276.608 276,608 1,148,002 2,271.855 442.562 1,323.667 69.695 258.301 2,094,225 940,568 183,285 Page 21
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 {Consolidat8d) 2025 2024 Staff Costs: Wages and Salaries Social Security Costs Pension costs 858.790 63,675 18,104 940,568 757,693 50.352 10,207 818,252 Higher paid staff The number of employees whose employee benefrts (excluded employers pension cosls and employer national Insurance conlribulions) exceeded £60,000 was: 2025 Number 2024 Number £60,000-£70.000 The average number of employees was: Number 18 24 42 Number 17 19 36 Full Time Part Time Total Resources Expended (Charity) Staff Costs Dep'n Other Costs Total 2025 Total 2024 Fund Raising and Publicity Charilable Activities Governance Costs Finance Costs 253,657 601,037 7.452 175,578 242.806 503,916 587,420 1,364,034 71,382 71,382 276,583 276,583 1,178,190 2,215,915 442,562 2.776,403 58,753 136,517 3,414.235 854 694 183,030 Staff Costs: Wages and Salaries Social Security Costs Pension costs 778.897 59,091 16,707 854,694 683,714 45,261 8,881 737,856 Highèr paid staff The number of employees whose employee benefits (excluded employers pension costs and employer national insurance contributions) exceeded £60,000 was.. 2025 Number 2024 Number £60,000-£70,000 The average number of employees was: Number 17 18 35 Numbèr 16 14 30 Full Time Part Timé 11 Auditorfs remuneration The auditor's remuneration constituted an audit fee of £12,758 (2024 - £15,612). Page 22
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Ststements for the Year Ended 31 January 2025 12 Flnan¢lal Commltments At 31 January 2025 Ihe Charity was committed to make the following payments under non- cancellable operating leases: 2025 2024 Operating lease which expires: Within one year Belween two and five years Over 5 years 52,004 170,468 17,936 56,797 222,472 74,733 13 Transactlons wlth Trustees and Connected Per50ns The Charity has remunerated the following amounts to the Trustees and persons connected to the Trustees: 202S Employers Penslon Gross Total Tru Jonalhan Skinner Stuart Gladstone James Lewis Almir V¢eira Senior Pastor Pastor Pastor Pastor 65.142 49.573 48,273 9,835 172.823 1.036 8,087 1.677 833 11,634 66,178 57,660 49,950 10,668 184,457 2024 Employers Pension Gross Total Truslees Jonathan Skinner Stuart Gladstone James Lewis Almir Vieira 65,000 55,000 50,000 65,000 56,321 51,313 863 173 496 1.321 1,313 170000 3,496 2025 Employers Pension Gross Total Connected ers Benjamin Sidding - being son of M Sidding Layla Goggins- being daughter of A Goggins Rebecca Lewis - being daughter of Colin Campb811 Wendy Skinner- being the wif8 of J Skinner Sharn Vaida- being the daughter of J Skinner Jo Lewis - being wife of J Lewis Kalita Vieira - being wife of A Vi8ira Noah Sidding- being son of M Sidding 9.726 9.726 182 25,000 9.702 22,896 18.147 2,840 88.493 182 25.417 9.778 27,282 19.466 2,840 94,691 417 76 4,386 1,319 6,198 Page 23
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 13 Transa¢llons wlth Trustees and Connected Persons (eontlnued) 2024 Employers Penslon Gross Tolal Conn Benjamin Sidding - being son of M Sidding Layla Goggins - being daughter of A Goggins Rebecca Lewis- being daughter of Colin Campbell Wendy Skinner- being Ihe wife of J Skinner Sharn Vaida - being the daughter of J Skinner Jo Lewis - being wife of J Lewis Kalita Vieira - being wfe of A Wieira Noah Sidding - being son ol M Sidding 8.611 12,336 8,611 12,336 188 25,000 17,566 24,459 375 25,000 17,566 23,928 531 375 87,629 906 88,535 Clay W811 Consullancy Limited was paid consultancy fees of £46.776 Inetl during the year. a company cyJntrolled by Jonathan Nicho1s. a Trustee. No remuneration was made to James Clarkson, Colin Campbell. Adrian Smlth. Mark Sidding or Andrew Goggins in either of the finanGial years. No exp8ns85 Vre reimbursed to the Charity's Trustees. 14 Tanglble Flxed Assels Iconsolldated Flxturas Freehold Property Fittings Property Improvèmènts & Equlp Molor Vehlcle Total Cost Balan al 1 February 2024 Additions Disposal Revaluation Balance at 31 January 2025 15,5W,IJOO 32,918 20.744 787.011 39.394 (16.7601 51.925 4,280 16,371.854 64.418 {16.7601 15 500 01)0 809,645 56,205 16419 $12 A¢cumulaled Depre¢iatlon Balance at 1 February 2024 Charge for Year Disposal Depreciation eliminaled on revaluation Balance at 31 January 2025 7,411 5.275 563,167 30.881 112.692) 41,565 2,130 612,143 183,286 (12,6921 145,OCKI 145,000 12,686 581,356 43,695 782.737 Nèt Book Valuès At 31 January 2025 15355000 228,289 12,510 15636775 At 31 January 2024 A valuation of the building i(K)k place on 2 September 2020 by Sanderson Weatherall. Given the nature and purpose ol the building the Depreaaled Replacement Cost method VBS used as a means of valuing the propety. The report valued the property at £15,500.000. As al the year end 31 January 2024, a view was taken to sh()w the asset at valuation which has led to a revaluation Serve of £2,578,982. 15.500,01)O 25,507 223,844 10.360 15.759.711 The following assets are carried at valvalion. If the assets were measured using the cost model, the carrying amounts would be as foll0v.. Land and Buildings 202S 2024 Cost Accumulaled depreciation Carrying Value 13,548,435 794,952 12.753.483 13,548,435 627,413 12.921.022 Page 24
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 14 Tanglble FIX Assets (Charlty) Flxtures Freehold Property Fittlngs Prop8rty Improvèmènts & Equlp Motor Vehlclè Total Cost Balance at 1 February 2024 Additions Disposal Revaluation Balance at 31 January 2025 15,500.OLM) 32.917 20,744 784,909 39.394 116,760) 51,925 4,280 16,389,751 64,418 (16,760) 15.500,000 53.661 807,543 56,205 16.417.409 Aceumulated Depreclatlon Balance al 1 Febtuary 2024 Charge for Year Disposal Depreaation eliminated on revaluation Balance at 31 January 2025 7.412 5.275 562,702 30,628 (12,692) 41.565 2,130 611,679 183.031 (12,692) 145,000 145,000 12.687 580,636 43.695 782 018 Net Book Values At 31 January 2025 15.355 000 226,907 15,635,391 At 31 January 2024 15,SOO,000 25.505 222 207 10,360 15 758,072 All assets are held for the furtheran of the Charivs objects and are stated at their historic cost, except for freehold property lch is stated al valuation A valuation of the buikliTh3 took Pla on 2 September 2020 by Sanderson Wealhera11. Given the nature and purpose of the buikling the Deprecialed Repla¢ement Cost method was used as a ffleans of valuing the property The report valued the property al £15,5,000 As al the year end 31 January 2024. a viewwas taken lo show the asset al valuation which has led to an Impairment of £1.626.478. The following assets are carried al valuation. If the assets were measured using the c05t model, the carrying amounts would be as follows Land arKI Bulldings 2025 2024 Cost Accumulated dèpreciation 17,753,8 1794,952> 17.753.890 {627.413) carng Value 16.958 938 17,126,477 Page 25
HIJDDERSFIELD CHRISTIAN FELLOWSHIP Notes lo the Financial Statements for the Year Ended 31 January 2025 {Consolidated) 2025 2024 (Charity) 15 Investments in subsidiary companies Cost at 1 February 2024 Additions Cost at 31 January 2025 2025 2024 104 104 1C 104 The investmenl brought forward in subsidiary companies repr8s8nt: The entire share capital of Cathedral House Media Limited of £100. The entire share capital of Promised Land Developments Limited of £2, where 100°h of the beneficial interest is owned. P05t year end the Trustees took the decision to dissolve Promised Land Developments Limited. The directors of Promised Land Developments Ltd are in the process8s of pursuing voluntary strike off of the company Calhedral House Care Services Limited of £2, where 100°/o of the beneficial interest is ¢)wned. Addrtions in the year relates to the purchase of Cathedral Events and Hospitslity Limited of £2. where 1000/0 of the benef181 interest is owned. (Consolldated) 2025 2024 {Charity) 16 Sto¢k5 2025 2024 Bookshop Coffee Shop & Fizzy Lizard 24,804 7,898 32,702 25,948 8,038 33,986 24,804 7,898 32,702 25,948 8,038 33,986 (Consolldated) 2025 2024 (Charlty) 17 Deblors 2025 2024 Trade debtors Taxalion Recoverable Prepayments Amount owed by Cathedral House Care Services Ltd VAT 3,425 15,515 60.941 3,768 17,563 91,109 3,146 15,515 54,342 3,528 17,563 83.581 168,485 168,485 46,410 319,566 79,881 112,440 241,488 (Consolidated) 2025 2024 (Charity) 18 Llabllltles: Amounts due wilhln one year Trade Creditors PAYE VAT Other creditors Accruals Amount Owed due to Promised Land Bank loan 2025 2024 33.030 3,768 13.492 102,470 3,158 6,050 33,030 2.626 13,072 99,977 1,853 35,758 16.474 28,423 12.664 52.460 431.340 419,604 431,340 419,604 505,652 559,492 496,757 598,294 Page 26
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Stalemenls for the Year Endéd 31 January 2025 19 LlabSlltlès:AmountJ falllng due after more than one year Iconsolldated 2025 2024 (Charity) 2025 2024 Within Iwo to five years.. Bank Loan Other Loan 2,936,887 100,000 3,275.453 2,936,887 100,000 3.275,453 In rn0 Ihan fwe years Bank Loan 3,036,887 3,275,453 3,036.887 3,275,453 20 Securlly {Consolidatedl A refinancing exerci88 was conducted last year and as a iesult ol which the exisling loan wa5 repaid on 29th August 2023 and a new loan 5 year lacility of £3.75m in the name of HdersfIeld Chrislian Fellowship Registered Charily was agreed wllh Barclays Bank PIC The loan includes a variable rate conlraca al a rale of 2.75% above base. In addition, a £200,10 overdraft facility In the name of Huddersfield Christian Fellowship Regislered has now been reduced down to nil as ol August 2024. As part of the banking facilities for Huddersfield Christian FellOvhp Reglstered Charily, four of the Trustees have 51gned a non joint personal guarantee for a limited amount. The total aggregata amount guaranleed by all the Trustees amounts to £232,000. 21 Analysis of grants pald Induded in gifts in nole 7 are Ihe following individual and instbtutional grants made No 2025 2024 Indbvidual Institutional ConSolated aOUnts balance Gift lo Cathedral House Care sery1S Limited Charity accounts balance 19 10 54.857 34,673 89,530 40,482 130,012 35 42.719 27.800 70,519 70,519 The following analysis shows grants pald durlng the year amounled lo over £1,000 made lo organisations- Ministers Fellowshlp West Indies River City Church (Hull) Forgel Me Not Trusl (Hudd8rsfi8ldl Hope Church Huddersfiehj Elland Christian Centre Gospel Group of Tanzania (8iblesl 5,000 1,500 1.000 20,000 25,000 2300 27,300 The Fellowship had no charilable commitment at the year end. Page 27
HUDDERSFIELD CHRISTIAN FELLOWSHIP Notes to the Financial Statements for the Year Ended 31 January 2025 (Consolidatsdl 2025 2024 (Charlty) 2025 25 Cash generated from operalions 2024 Profit for the year after lax 235,176 102,863 237,762 (1,278.309) Adjusted for: Finance costs Depreciation of tangible assets Loss on sale of assets Impairment losses 276,608 183.285 4,067 258.301 166,338 27,577 276.583 183,030 4.067 136.517 88,428 27.577 1,626.478 Movement in working capital Decrease in stock Decreasel(increase) in debtors (Decreas8)Iincrease in creditors 1.284 32,559 (42.1051 2,060 {43,296) 51,518 1,284 2.060 78.079 13,268.713 189,799) 114,341 Cash generated from operations 690,875 565,361 691,007 13,985,805 26 Analysls of cash and cash èqulvalents (Consolldated 2025 2024 429,316 329,768 429,316 329,768 Icharlty) 2025 425.412 425,412 2024 325.709 325,709 Cash al bank and in hand Total cash and cash equivalents Page 28
HUDDERSFIELD CHRISTIAN FELLOWSHIP CHARITY Revenue Account for the Year Ended 31 January 2025 2025 2024 INCOME Offerings and Tilhes Taxation Refunds Donations Bank Deposit Interest Sundries Rents Received Trips Catering 1,254,077 300,440 270,573 4.406 7.955 98,765 24,254 30,055 1,334,168 237,142 20,928 1,417 2,917 61,719 43,756 22,653 1,990,525 1,724,700 EXPENDITURE Wages Employers NIC Employers Pension costs Property Running Costs Gifts Books and Music Postage and Stationery Advertising Catering Cleaning Conference, Fees and Subscriptions Youth and Childrens Work Trips Professional Fees Audit and Accountancy Fees Trustees Remuneration Elders Non-Trustee Remuneration Missions and Outreach Events Costs IT Costs Motor Expenses Sundries Operating Lease Rental Bank and Credtt Charges Depreciation Loss on Disposal of Fixed Assets Impairment loss on the valuation of property Bank Interest on Loan and Overdraft 244.411 46.851 12.501 247.133 130.012 14.846 5.302 1.819 29,682 11,956 25.574 2,488 32.463 12,259 10,921 172,823 124,452 42,027 5,363 29,971 12,294 6,369 23,549 7,033 175,578 4,067 173,230 44,025 7,188 237,169 70,519 12,888 4,864 1,028 27,129 8,011 31.212 1.279 41.712 12.385 4,815 170,000 131,625 33.288 1,090 19,825 8,989 1,901 51,452 3,110 80.830 27.577 1.626,478 136,517 276,583 1,708,325 2,970,137 Surplusl(Defi¢itl For The Year 282,200 1245,437 Page 29
HUDDERSFIELD CHRISTIAN FELLOWSHIP CENTRE BOOKSAND CRAFTS Revenue Account for the Year Ended 31 January 2025 Book Shop Coffee Shop Fizzy Lizard 2025 Total 2024 Total SALES 53,425 228,926 180,801 463,152 411,226 PURCHASES Stock Movement 32.207 1,144 94,874 107 44,360 33 171,441 1,284 153.401 2.060 GROSS PROFIT 20,074 133.945 136,408 290,427 255.765 EXPENDITURE Wages Employers NIC Employers Pension Costs Training costs Rates, Water and Insurance Conference & Subscription fees Office costs and repairs Postage Stationery, IT and Advertising Audit and Accountancy Professional Fees Bank and Credit Charges Incidentals 31.612 2,822 1,379 230 509 1,326 1,372 516 1,150 14,917 1,147 43 104.351 5,784 1,829 101,248 3,634 999 66 2.473 479 1,563 790 1.150 14,917 4,414 53 237.211 12,240 4,21 296 3,484 3,501 7,157 1,435 3,450 44,752 8,955 727 208,859 1,236 1.693 228 3.778 2,634 8.994 2,444 3,150 38,403 9,396 224 501 1,696 4,222 129 1.150 14.917 3.394 630 57,022 138.603 131,787 327.413 281,039 (Loss) I Profit Before Depreciation (36.948) (4,658) 4.621 (36,986) (25,274) Less: Depreciation (576) (3,862) (3,015) (7,452) (7.598) (Loss)IProfit FOT The Year 37,523 8,520 1,606 44,43B 32,872 Page 30
HUDDERSFIELD CHRISTIAN FELLOWSHIP PROMISED LAND DEVELOPMENTS LIMITED Revenue Account for the Year Ended 31 January 2025 2025 2024 INCOME Rents Received EXPENDITURE Rent and Rates Legal and Professional Fees Audil and Accountancy Fees Bank and Credil Charges Bank Interest on Loan and Overdraft Interest on Overdue Taxation 77 2,861 3,300 7,858 121,718 24 25 49 135,880 Loss Before Depreciation and profit on transfer of propety (49) {135,880) Less.. Depreciation Add '. Profit on transfer of propety (77,6471 4,205,454 (Loss) I Profit For The Yoar 49 3,991,927 CATHEDRAL HOUSE CARE SERVICES LIMITED Revenue Account for the Year Ended 31 January 2025 2025 2024 INCOME Domicilary Care Fees and Cross chargable income 53.354 53,530 53,354 53,530 DIRECT COSTS Wages Employers NIC Employers Pension costs staff Unrform Mileage Charges 79.893 4.584 1,397 73,979 5,091 1,326 252 254 392 85,482 80.902 ADMIN COSTS Cleaning Insurance Staff Training Professional Fees Audlt and Accountancy Fees Bank and Credit Charges Professional Subscriptions Travelling Expenses Sundry Expenses Stalionery 264 2,227 97 2,182 1.835 444 4,337 300 2,417 653 4,697 311 2,484 26 132 10.636 11,776 OTHER OPERATING INCOME Other amounts received from group companies and associates Government granls 40,482 7.632 40.482 7,632 {Loss) Before Depreciation {2,282) (31,516) Less: Depreciation (Loss) For The Year 255 2,537 263 31,779 Page 31