REGISTERED CHARITY NUMBER: 518785
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
FOR
HARVEST CITY CHURCH
Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester LE1 7RU
HARVEST CITY CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 19
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
HARVEST CITY CHURCH
The trustees present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Fellowship as laid down in the Declaration of Trust dated 27 March 1987 are:
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The advancement of the Christian Faith in accordance with the doctrines set out in the underwritten Fourth Schedule and the worship of God in the said County and elsewhere by any means whatsoever including (but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of the Christian doctrine and principles and the pastoral care of the Christian people and the printing and distribution of the Bible and Christian literature.
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The relief of persons who are in conditions of need, hardship, distress or who are aged or sick.
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The advancement of education on the basis of Christian principles and without prejudice to the generality of the provision of such education in any educational establishment and if the trustees so decide, the provision of one or more charitable educational establishments for the general education of children or adults on the basis of such Christian principles.
The trustees have had due regard to the guidance published by the Charity Commission on public benefit as required by the Charities (Accounts and Reports) Regulations 2008.
Significant activities
The Church is involved in many programmes for the local community - with children and youth groups, and regular groups running activities for single mothers and older people. The Church also has members coming from many different cultural backgrounds and is recognised as a Church promoting multicultural understanding.
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HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities General Church Activities
The Church meets every Sunday morning in person. Our congregation includes people from all over the world reflecting the diversity of our city.
There is a meeting every Tuesday evening for the purpose of Bible teaching.
Our Partnership classes are for those wishing to join the Church or get baptised. The Classes this year have resulted in adding thirteen new members. The format changed from having classes running alongside our Tuesday night services to having them on a Saturday afternoon. This meant reducing the period of sessions to complete the partnership course was changed from sixteen weeks to three-afternoon sessions over three months. This has proven to be a success for everyone involved and allows us to better engage with people.
An intern programme also continues each year for any Church members who wish to study the Bible in greater depth and is useful for developing people's skills in writing and presenting topics and projects. This is run by one of our trustees and elders Ian Mann.
Small groups called 'Life Groups' meet once a month to enable people to develop closer friendships, help those in need of practical help and support and encourage each other with prayer. These groups typically include up to 20 people of varying ages and cultural backgrounds. These 'Life Groups' are a good opportunity to develop new friendships with people from different backgrounds, cultures and experiences. There are 11 of these groups meeting in various homes all over the city.
During the pandemic, our main services and Tuesday meetings had moved online for LIVE broadcast on YouTube. Since the restraints have been removed by the government, we have met in person again. However, we decided to continue to provide LIVE streamed broadcasts of our Tuesday services and a recorded version of our Sunday services to make our meetings more accessible to a wider audience.
Children and youth work
This is the largest department in the work of the Church.
A parent and toddler group has met every week in our Church premises and enjoyed a varied programme of informal meetings and outings, called Cafe Mama.
All children up to the age of 11 usually attend Junior Church on Sunday mornings and Tuesday evenings (9 and under). There are over one hundred children in this age group divided into 5 groups according to age. They enjoy a varied programme of games, music and Bible teaching. This group includes children with special needs who are assigned, special helpers. The teachers meet regularly to review policies and child safeguarding. The head of the children's work is Mrs Sarah Woods who is herself a special needs teacher.
The youth work includes young people aged 11-30 and is divided into 2 groups. It is open to the wider community and the 11-15 age group, called Ignite, meets on Friday evenings and is expanding in numbers, currently between 20 to 30 children in attendance. The older group aged 16-30, called The Pulse, continue to meet on Saturday evenings and attract between 30 to 40 young people. Both groups have a programme of music and worship, games and Bible teaching.
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HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
Other groups
The men meet in a group called Excel. The group is a wide range of men from different backgrounds that meet for Bible teaching, singing, BBQs, sports and more. The ladies have their own group called 'Shine' that meets once a month for relevant Bible teaching and sometimes other activities like shopping trips or theatre outings.
There is also a group for people who have progressed from the youth groups or are in the right age bracket. This is called 'Dare' and caters for those in their 30s. They meet monthly for meals, walks and various activities together.
Our senior and retired members have an active group called 'New Horizons' which meets every few weeks and has a varied programme of outings, meals, movies, skittles etc.
The Church also runs a group for NHS staff, especially junior medical staff and medical students, which is called 'Medics Corner'. This is mainly supportive in nature and includes discussions on ethics and other topics of relevance as well as sharing up-to-date medical information. It is run by two of our partners who are GPs.
Relationships within the community
Each August Bank Holiday Sunday we usually hold an annual summer fayre at Judgemeadow Community College, something we may reinstate in the future. This includes many activities for children and is free to the local community. It has become an increasingly popular event and attracts families from all cultures and faiths. During 2022, we held a 'Picnic & Praise' celebration instead which was a publicly held outdoor church service event open to all.
Our many groups and activities are open to all of the community and attract regular visitors, especially our youth work. We have an 'Acts of Kindness' initiative to encourage people to donate food to be given to those in need, especially during the Christmas period.
During the pandemic, this has become a much larger part of the work that the Church does and so we have partnered with charities in Leicester to help with giving out food weekly to many people that are in need.
Other care for the sick and elderly in the congregation and outside is carried out informally by Harvest Groups and their members alongside other small groups.
Relationships with other churches
Our senior Pastors, Chip and Sarah Kawalsingh, were trained at the International Bible College in Portland Oregon USA. They regularly visit other Churches in many countries including Canada, the USA, the West Indies, the Netherlands and Japan to encourage and help Pastors and Churches.
Harvest City Church was connected to a group of Churches under the 'Ministers Fellowship Global' (MFG) banner. The Church is no longer associated with this organisation.The church remains in a relationship with Huddersfield Christian Fellowship, Minister fellowship West indies where Rev AP Kawasingh is on the leadership team as Vice President, Also continued relationships with Minister Fellowship International and Portland Bible College, which assist the HCC Eldership team further the advancement of Christian faith and education.
Other Church members including members of our youth group also accompany our Pastors on their ministry trips and benefit from that experience.
Our senior Pastors continue to support other Church leaders both within the UK and internationally.
Our Church has continued to support the work of an orphanage in Hyderabad India.
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HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
Our Pastor has written a number of books and materials for Church teaching. These include 'God, a Mocha and Me', 'An Extra Shot', 'Fruits of The Spirit', 'Battle For The Mind', 'Hope' prayer cards, 'Giants Will Fall', 'Partnership Guide', 'Leadership Guide' and 'Introduction to Systematic Theology'. He has recently released a series of booklets on the essentials of the Christian faith. Many of these materials are also in use in Churches around the UK and internationally.
Our Church supports various Christian ministries as mentioned above. These gifts are always discussed with the trustees and approved by them.
Recipient organisations include:
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Ministers Fellowship West Indies
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Light of Life Full Gospel Church - Toronto
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Freedom Fellowship - El Paso
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Life Church - Osaka
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The Shine Ladies group made a donation to City Link, a Leicester City Council organisation working with the homeless
FINANCIAL REVIEW
Overview of finances
The Church remains in a healthy financial position. We own our own Church premises in St Johns Street Leicester and also hire an additional meeting hall at Judgemeadow College on Sunday mornings to accommodate increasing congregation numbers.
We currently have over £800,000 saved towards the future purchase of larger premises to house our present congregation and plan for future growth.
We currently have approximately £63,879 in our current bank account in order to save towards the future purchase of larger premises to house our present congregation and plan for future growth.
We continue to actively look at possible suitable properties.
Reserves policy
It is the policy of the trustees to maintain the unrestricted fund not committed or invested in fixed assets less related borrowing, at a level which equates with a range of between three to twelve months of unrestricted expenditure, in order to provide sufficient funds to finance expenditure on charitable activities and governance costs.
On 30 September 2022, the total funds held were £1,410,159. This includes £432,232 in tangible fixed assets and £1,193 in restricted funds.
As mentioned above the charity has continued to build its reserves in order to fund a future purchase of a larger premises.
FUTURE PLANS
The charity seeks to further achieve its charitable objectives during the forthcoming year. It is anticipated that the income and activities of the charity will continue to expand.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a Trust Deed dated 27 March 1987 and was formally registered as a charity on 13 May 1987. The charity was formerly known as Beaumont Christian Fellowship.
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HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
Overall responsibility for the Fellowship lies with the trustees of whom there are seven, with an elder responsible for overseeing the Church. These two bodies, the trustees and eldership, while having distinct roles have common members and between them are responsible for the formulating and implementation of policies designed to further the objectives of the Fellowship.
New trustees are appointed under the authority of the existing body of trustees. The induction and training of new trustees are provided by the existing trustees as appropriate to the charity's objectives. The Declaration of Trust provides for a minimum of three trustees with no maximum limit. The trustees meet on a regular basis and are responsible for the overall policy for running the charity and advising on all matters relating to staffing and finance.
Probity and overview
The policies and activities of the Church are currently formulated by a group of 7 trustees. The chairman of the trustees and Church Senior Pastor is Mr Andy Paul Chip Kawalsingh.
The trustees have regular minutes from the meetings and all financial decisions including donations and salaries are discussed and agreed upon prior to implementation. The trustees meet every year to discuss and decide the salaries of our leaders Pastor Chip (Andy) and Sarah Kawalsingh - the decision is made by the other trustees and is based on the work they do and the increase in their responsibilities. It is also influenced by the increase in membership and finances. It is noted that they donate around 20% of their salaries back to the Church in gifts and offerings. Three trustees (Chip Kawalsingh, Ian Mann and Tatenda Kandi) are also employed by the Church but trustees themselves receive no remuneration for being trustees.
The trustees also review the accounts and check all policies are up to date and implemented - this has included the data protection act, all health and safety policies and making sure all Junior Church staff are up to date in child protection training. One of our trustees Ian Mann is in charge of health and safety protocols for the Church and these are reviewed by the trustees every year. These include fire risk assessment, health and safety policy, safeguarding, data protection, and employee complaints policy.
The Church treasurer is the trustee Mrs Tanya Goffin and the Church secretary is the trustee Mr Jim Johnston.
Day to day running of the Church is carried out by Pastor Chip Kawalsingh with the particular help of Mr Ian Mann (trustee employed by the Church) and other trustees as needed. They are assisted by 6 office staff - 5 full-time and 1 part-time.
The music and worship team are led by Mrs Sarah Kawalsingh who is employed full-time by the Church. She oversees the training of new musicians especially from the younger age groups. The ignite and pulse groups have their own music bands. Members of the worship team have written new songs over the last few years and the Church has produced two music CDs 'Salvation is Here' and 'Unveil My Eyes'.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
518785
Principal address
Unit 1 St Margaret's Business Centre 14 St John Street Leicester LE1 3WL
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HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
Trustees
Rev AP Kawalsingh (Chair) Mr LP Venning Mrs T Goffin (Treasurer) Mr I Mann Mr N Gallagher Mr J Johnston (Secretary) Mr T Kandi Mr INW Ekanayake (appointed 4.2.23) Mr JRN Willock (appointed 4.2.23)
Independent Examiner
Mr P Bott FCA Institute of Chartered Accountants in England and Wales Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester LE1 7RU
Bankers
Virgin Money 3 Eastgates Leicester LE1 5YA
Solicitors
Croftons Solicitors LLP The Lexicon 10 – 12 Mount Street Manchester M2 5FA
Freehold Property
Rev AP Kawalsingh, Mrs T Goffin and Mr LP Venning hold title to the Freehold Property on behalf of the charity.
Approved by order of the board of trustees on 4 July 2023 and signed on its behalf by:
Mr J Johnston (Secretary) - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARVEST CITY CHURCH
Independent examiner's report to the trustees of Harvest City Church
I report to the charity trustees on my examination of the accounts of Harvest City Church (the Trust) for the year ended 30 September 2022.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
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.
Use of our report
This report is made solely to the charity's members. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our work, for this report, or for the opinions we have formed.
Mr P Bott FCA Institute of Chartered Accountants in England and Wales Mark J Rees LLP Chartered Accountants Granville Hall Granville Road Leicester LE1 7RU
14 July 2023
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HARVEST CITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 4 Advancement of Christian faith Investment income 3 Total EXPENDITURE ON Charitable activities 5 Advancement of Christian faith Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 453,530 18,725 2,108 474,363 565,544 2,327 567,871 (93,508) 1,502,474 1,408,966 |
Restricted fund £ - 3,704 - 3,704 3,841 - 3,841 (137) 1,330 1,193 |
2022 Total funds £ 453,530 22,429 2,108 478,067 569,385 2,327 571,712 (93,645) 1,503,804 1,410,159 |
2021 Total funds £ 551,030 11,867 3,954 |
|---|---|---|---|---|
| 566,851 | ||||
| 447,126 1,791 |
||||
| 448,917 | ||||
| 117,934 1,385,870 |
||||
| 1,503,804 |
The notes form part of these financial statements
Page 8
HARVEST CITY CHURCH
BALANCE SHEET 30 SEPTEMBER 2022
| Notes FIXED ASSETS Tangible assets 12 CURRENT ASSETS Stocks 13 Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 432,232 11,854 47,331 981,122 1,040,307 (63,573) 976,734 1,408,966 1,408,966 |
Restricted fund £ - - - 1,193 1,193 - 1,193 1,193 1,193 |
2022 Total funds £ 432,232 11,854 47,331 982,315 1,041,500 (63,573) 977,927 1,410,159 1,410,159 1,408,966 1,193 1,410,159 |
2021 Total funds £ 413,876 11,925 101,292 1,000,596 |
|---|---|---|---|---|
| 1,113,813 (23,885) |
||||
| 1,089,928 | ||||
| 1,503,804 | ||||
| 1,503,804 | ||||
| 1,502,474 1,330 |
||||
| 1,503,804 |
The financial statements were approved by the Board of Trustees and authorised for issue on 4 July 2023 and were signed on its behalf by:
Rev AP Kawalsingh (Chair) - Trustee
Mrs T Goffin (Treasurer) - Trustee
The notes form part of these financial statements
Page 9
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
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.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All incoming resources including donations, gifts and grants are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Investment income comprising interest receivable is included when receivable by the charity.
Expenditure
Expenditure is accounted for on an accruals basis inclusive of the attributable VAT which cannot be recovered 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. Costs of charitable activities include those costs incurred in respect of the charity's main activities and providing services for its beneficiaries. Grants payable are accounted for at the earlier of when they are paid or become legally enforceable. Governance costs include those costs incurred in meeting the constitutional and statutory requirements of the charity.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight-line basis excluding land Furniture and equipment - 20% on reducing balance
All tangible fixed assets are capitalised and included at cost.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
continued...
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
HARVEST CITY CHURCH
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity contributes to a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price.
2. DONATIONS AND LEGACIES
| Tithes and offerings Gift aid - income tax recoverable 3. INVESTMENT INCOME Bank interest receivable 4. INCOME FROM CHARITABLE ACTIVITIES Activity Teaching and bookshop Advancement of Christian faith Hospitality and refreshments Advancement of Christian faith Children and youth work Advancement of Christian faith Donations - Manna Ministries Advancement of Christian faith Events Advancement of Christian faith Room Hire Income Advancement of Christian faith Miscellaneous Advancement of Christian faith |
2022 £ 375,013 78,517 453,530 2022 £ 2,108 2022 £ 974 67 842 3,704 6,981 8,024 1,837 22,429 |
2021 £ 466,987 84,043 |
2021 £ 466,987 84,043 |
|---|---|---|---|
| 551,030 | |||
| 2021 £ 3,954 2021 £ 3,079 28 - 3,750 957 - 4,053 |
|||
| 11,867 |
continued...
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 5. CHARITABLE ACTIVITIES COSTS Direct Costs (see note 6) £ Advancement of Christian faith 379,189 6. DIRECT COSTS OF CHARITABLE ACTIVITIES Trustees' remuneration Staff costs Ministry expenses Teaching and bookshop Hospitality and refreshments Children and youth work Events Pot Spoon Café 7. GRANTS PAYABLE Advancement of Christian faith The total grants paid to institutions during the year was as follows: Ministers Fellowship West Indies Voice of Triumph Ministries Manna International Inc. Other OSAKA Chadwick Franco |
Grant funding of activities (see note 7) £ 36,408 |
Support costs (see note 8) £ 153,788 2022 £ 170,482 165,870 3,050 5,193 6,200 1,384 27,010 - 379,189 2022 £ 36,408 2022 £ 3,500 - 3,840 - 9,946 - 7,538 24,824 |
Totals £ 569,385 |
Totals £ 569,385 |
|---|---|---|---|---|
| 2021 £ 161,390 160,783 900 1,562 2,826 2,286 6,328 174 |
||||
| 336,249 | ||||
| 2021 £ 25,199 |
||||
| 2021 £ 2,961 1,480 3,850 4,035 6,500 2,961 1,480 |
||||
| 23,267 |
Grants payable to individuals amount to £11,584 (2021: £1,932).
continued...
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
8. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Governance Management costs £ £ Advancement of Christian faith 149,293 4,495 Support costs, included in the above, are as follows: Management 2022 Advancement of Christian faith £ Rent of premises 17,340 Insurance 2,483 Light, heat and water 7,754 Travel and transport 39,424 Postage, stationery and telephone 7,649 Publicity 1,674 Sundries 27,468 Repairs and maintenance 13,993 Depreciation of tangible assets 31,508 149,293 Governance costs 2022 Advancement of Christian faith £ Professional expenses 858 Accountancy and legal fees 630 Independent examiners remuneration 2,519 Bank charges 488 4,495 |
Totals £ 153,788 |
|
| 2021 Total activities £ 1,356 2,155 5,941 2,997 6,489 7,784 19,454 5,240 25,454 |
||
| 76,870 | ||
| 2021 Total activities £ 5,126 644 2,576 462 8,808 |
||
| 8,808 |
continued...
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
9. TRUSTEES' REMUNERATION AND BENEFITS
| TRUSTEES' REMUNERATION AND BENEFITS | ||
|---|---|---|
| Trustees' salaries Trustees' pensions paid |
2022 £ 146,925 23,557 170,482 |
2021 £ 138,677 22,713 |
| 161,390 |
Trustees' remuneration is made up of salaries paid to Rev AP Kawalsingh £72,678 (2021: £68,000), Mr I Mann £44,321 (2021: £42,177) and Mr T Kandi £29,926 (2021: £28,500).
Trustees' pension is made up of contributions of £16,416 (2021: £15,640) for Rev AP Kawalsingh, £6,430 (2021: £6,430) for Mr I Mann and £711 (2021: £644) for Mr T Kandi.
Remuneration paid to the above Trustees reflects the work performed and their responsibility for the charity.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
10. STAFF COSTS
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 274,273 | 263,082 |
| Social security costs | 29,732 | 22,887 |
| Other pension costs | 16,103 | 13,491 |
| 320,108 | 299,460 | |
| The average monthly number of employees during the year was as follows: | ||
| 2022 | 2021 | |
| Salaried staff - charitable activities | 7 | 8 |
The emoluments of nil (2021: one) member of staff are within the range of £60,000 to £69,999.
The emoluments of one (2021: nil) member of staff are within the range of £70,000 to £79,999.
Staff costs include salaries paid to related parties of £77,470 (2021: £65,000).
Pension costs include contributions for related parties of £11,317 (2021: £10,778).
Total remuneration in relation to Key Management Personnel, included within the figures above, amounts to £187,670 (2021: £177,017).
continued...
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Advancement of Christian faith Investment income Total EXPENDITURE ON Charitable activities Advancement of Christian faith Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
ACTIVITIES - Unrestricted fund £ 551,030 8,117 3,954 563,101 443,276 1,791 445,067 118,034 1,384,440 1,502,474 |
30 SEPTEMBER 2021 Restricted Total fund funds £ £ - 551,030 3,750 11,867 - 3,954 3,750 566,851 3,850 447,126 - 1,791 3,850 448,917 (100) 117,934 1,430 1,385,870 1,330 1,503,804 |
30 SEPTEMBER 2021 Restricted Total fund funds £ £ - 551,030 3,750 11,867 - 3,954 3,750 566,851 3,850 447,126 - 1,791 3,850 448,917 (100) 117,934 1,430 1,385,870 1,330 1,503,804 |
|---|---|---|---|
| 566,851 | |||
| 447,126 1,791 |
|||
| 448,917 | |||
| 117,934 1,385,870 |
|||
| 1,503,804 |
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
12. TANGIBLE FIXED ASSETS
| COST At 1 October 2021 Additions Disposals At 30 September 2022 DEPRECIATION At 1 October 2021 Charge for year Eliminated on disposal At 30 September 2022 NET BOOK VALUE At 30 September 2022 At 30 September 2021 |
Freehold property £ 448,717 1,407 - 450,124 108,161 7,153 - 115,314 334,810 340,556 |
Furniture and equipment £ 262,690 51,299 (3,552) 310,437 189,370 24,355 (710) 213,015 97,422 73,320 |
Totals £ 711,407 52,706 (3,552) 760,561 297,531 31,508 (710) 328,329 432,232 413,876 |
|---|---|---|---|
Included in cost or valuation of land and buildings is freehold land of £92,500 (2021 - £92,500) which is not depreciated.
13. STOCKS
| 13. STOCKS |
||||
|---|---|---|---|---|
| Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Income tax recoverable Accrued income |
2022 £ 11,854 2022 £ - 37,915 9,416 47,331 |
2021 £ 11,925 |
||
| 2021 £ 400 84,003 16,889 |
||||
| 101,292 |
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HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Other creditors Accruals and deferred income 16. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Manna Ministries fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Manna Ministries fund TOTAL FUNDS |
At 1.10.21 £ 1,502,474 1,330 1,503,804 Incoming resources £ 474,363 3,704 478,067 |
2022 £ 8,285 38,729 16,559 63,573 Net movement in funds £ (93,508) (137) (93,645) Resources expended £ (567,871) (3,841) (571,712) |
2021 £ 6,941 12,777 4,167 23,885 At 30.9.22 £ 1,408,966 1,193 1,410,159 Movement in funds £ (93,508) (137) (93,645) |
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.10.20 £ Unrestricted funds General fund 1,384,440 Restricted funds Manna Ministries fund 1,430 TOTAL FUNDS 1,385,870 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 563,101 Restricted funds Manna Ministries fund 3,750 TOTAL FUNDS 566,851 |
Net movement in funds £ 118,034 (100) 117,934 Resources expended £ (445,067) (3,850) (448,917) |
At 30.9.21 £ 1,502,474 1,330 1,503,804 Movement in funds £ 118,034 (100) 117,934 |
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The Manna Ministries fund consists of donations received specifically for the purpose of making subsequent grants to Manna International Inc. for the sponsorship of orphaned children in India.
17. EMPLOYEE BENEFIT OBLIGATIONS
The charity contributes to a personal pension scheme in respect of certain employees. The total costs payable in the year were £36,678 (2021: £36,203).
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
18. RELATED PARTY DISCLOSURES
Related party transactions are detailed under staff costs. There were no further related party transactions for the year ended 30 September 2022.
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