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2023-09-30-accounts

REGISTERED CHARITY NUMBER: 518785

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 2023

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Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 22
Detailed Statement of Financial Activities 23 to 24
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HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 30 September 2023. 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 Church as laid down in the Declaration of Trust dated 27 March 1987 are:

  1. 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.

  2. The relief of persons who are in conditions of need, hardship, distress or who are aged or sick.

  3. 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, including children and youth groups, and regular groups running activities for older people. The Church also has members coming from many different cultural backgrounds and is recognised as a Church promoting multicultural understanding.

Page 1

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

ACHIEVEMENT AND PERFORMANCE Charitable activities General Church Activities

The Church meets every Sunday morning in person. Our congregation includes people from over twenty different nations of 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 twenty-six 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.

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 twenty people of varying ages and cultural backgrounds. Life Groups are a good opportunity to develop new friendships with people from different backgrounds, cultures and experiences. There are 12 (FY22: 11) of these groups meeting in various homes all over the city.

To make our meetings more accessible to a wider audience we provide a livestream broadcast of our Tuesday services and a recorded version of our Sunday services via YouTube.

Children and Youth Work

This is the largest department in the work of the Church.

A parent and toddler group 'Cafe Mama', meets every week in our Church premises and enjoys a varied programme of informal meetings and outings.

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 40 to 50 children in attendance. The older group aged 16-30, called The Pulse, continue to meet on Saturday evenings and attract between 20 to 30 young people. Both groups have a programme of music and worship, games and Bible teaching.

Page 2

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 other activities like shopping trips or theatre outings.

There is also a group called 'Dare' for people who have progressed from the youth groups. 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

In July 2023, 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.

Other care for the sick and elderly in the congregation and outside is carried out informally by Life 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.

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.

Page 3

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

Our pastor has written a number of books for church teaching. These include: 'Answering Anxiety', 'Giants Will Fall', 'Formation Leadership', 'An Extra Shot', 'God, a Mocha and Me', and 'Partnership Guide'. Other materials include prayer cards - 'Fruits of the Spirit', 'Battle for the Mind', and 'Hope' - and a series of booklets called 'Essentials' on the basics 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:

FINANCIAL REVIEW

Overview of finances

The Church remains in a healthy financial position. We own our own Church premises in St John Street Leicester and also hire an additional meeting hall at Judgemeadow College on Sunday mornings to accommodate increasing congregation numbers.

We currently have over £793,201 saved and have approximately £39,368 in our bank current account.

Page 4

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

FINANCIAL REVIEW

Reserves policy

The Reserves shall be segregated into the following categories however shall remain unrestricted to give the flexibility, if and when required, to provide sufficient funds to finance expenditure on charitable activities and governance costs.

Emergency Fund (nine months at £30,000 per month): £270,000 New Building Fund: £400,000 Investment and New Business Fund: £30,000 Unrestricted Fund: £90,000

It is the policy of the trustees to maintain the above targeted categories to strategise future growth and investment.

On 30 September 2023, the total funds held were £1,303,674 (FY22: £1,410,159). This includes £448,817 (FY22: £432,232) in tangible fixed assets and £1,213 (FY22: £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.

KEY EVENTS

Harvest City Church celebrated a 20-year milestone as a Church in October 2022, with friends of the Church attending from local and international church congregations. This celebration reflects how far the Church has come. The celebration event cost £31,181 in total (split across FY23: £13,222; FY22: £17,959).

SIGNIFICANT EQUIPMENT SPEND

The purchase of five computers in July 2023 for a sum of £8,000 as replacements for existing computers which had reached end-of-life. A comparison of rental and lease agreements for new computers had been undertaken due to the relatively low number computers required, rental and lease agreements were not financially viable.

The purchase of a new wireless microphone system and associated accessories for a sum of £9,000. The lifespan of the new system is predicted to be greater than 10 years (subject to suitable maintenance and calibration).

The Church's existing wireless microphone system had reached end-of-life after over 12 years of weekly use. Part of the Church's growth strategy is moving services on to digital platforms as well as live environments. As such the microphone quality needed to be improved. With limited capability to increase the number of microphones in use, and the deterioration of both vocal quality and the reliability of the system, the decision was made to purchase new microphones and relevant accessories to attain a better recording quality and improve longevity by being able to expand the system.

FUTURE PLANS

The Church seeks to further achieve its charitable objectives during the forthcoming year. It is anticipated that the income and activities of the Church will continue to expand.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Church 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.

Page 5

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

Overall responsibility for the Church lies with the trustees - of whom there are nine - with the elders 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 formulating and implementing policies designed to further the objectives of the Church.

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 nine 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 trustees duties.

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 Mr JRN Willock and the Church secretary is the trustee Mr INW Ekanayake.

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 five office staff: four full-time and one 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'.

Related parties

Details of related parties and transactions with them are given in the notes to the financial statements.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

518785

Page 6

HARVEST CITY CHURCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2023

Principal address

Unit 1 St Margaret's Business Centre 14 St John Street Leicester LE1 3WL

Trustees

Rev AP Kawalsingh (Chair) Mr LP Venning Mrs T Goffin Mr I Mann Mr N Gallagher Mr J Johnston Mr T Kandi Mr INW Ekanayake (Secretary) (appointed 4.2.2023) Mr JRN Willock (Treasurer) (appointed 4.2.2023)

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 29 April 2024 and signed on its behalf by:

Mr INW Ekanayake - Trustee

Page 7

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 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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

30 April 2024

Page 8

HARVEST CITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
£
499,035
12,486
3,114
514,635
618,338
2,802
621,140
(106,505)
1,408,966
1,302,461		 Restricted
fund
£
-
3,620
-
3,620
3,600
-
3,600
20
1,193
1,213		 2023
Total
funds
£
499,035
16,106
3,114
518,255
621,938
2,802
624,740
(106,485)
1,410,159
1,303,674		 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

The notes form part of these financial statements

Page 9

HARVEST CITY CHURCH

BALANCE SHEET 30 SEPTEMBER 2023

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
£
448,817
11,221
50,535
831,412
893,168
(39,524)
853,644
1,302,461
1,302,461		 Restricted
fund
£
-
-
-
1,213
1,213
-
1,213
1,213
1,213		 2023
Total
funds
£
448,817
11,221
50,535
832,625
894,381
(39,524)
854,857
1,303,674
1,303,674
1,302,461
1,213
1,303,674		 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

The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2024 and were signed on its behalf by:

Rev AP Kawalsingh (Chair) - Trustee

Mr JRN Willock - Trustee

The notes form part of these financial statements

Page 10

HARVEST CITY CHURCH

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
£
(104,437)
(750)
(105,187)
(47,617)
-
3,114
(44,503)
(149,690)
982,315
832,625		 2022
£
29,963
(488)
29,475
(52,706)
2,842
2,108
(47,756)
(18,281)
1,000,596
982,315

The notes form part of these financial statements

Page 11

HARVEST CITY CHURCH

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
2023
£
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
(106,485)
Adjustments for:
Depreciation charges
31,033
Interest received
(3,114)
Interest paid
750
Decrease in stocks
633
(Increase)/decrease in debtors
(3,205)
(Decrease)/increase in creditors
(24,049)		 ACTIVITIES
2022
£
(93,645)
31,508
(2,108)
488
71
53,961
39,688
Net cash (used in)/provided by operations
(104,437)		 29,963

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.22
£
Net cash
Cash at bank and in hand
982,315		 At 1.10.22
£
Net cash
Cash at bank and in hand
982,315		 Cash flow
£
(149,690)		 At 30.9.23
£
832,625
982,315 (149,690) 832,625
Total 982,315 (149,690) 832,625

The notes form part of these financial statements

Page 12

HARVEST CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All 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.

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||| |---|---| |Freehold property|- 2% straight-line basis excluding land| |Furniture and equipment|- 20% on reducing balance|

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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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 13

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES - continued

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

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|||| |---|---|---| |2023|2022| |£|£| |Tithes and offerings|413,713|375,013| |Gift aid - income tax recoverable|85,322|78,517| |499,035|453,530|

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3. INVESTMENT INCOME

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|||| |---|---|---| |2023|2022| |£|£| |Bank interest receivable|3,114|2,108|

----- End of picture text -----

continued...

Page 14

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

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
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Advancement of Christian faith
410,575
DIRECT COSTS OF CHARITABLE ACTIVITIES
Trustees' remuneration
Staff costs
Ministry expenses
Teaching and bookshop
Hospitality and refreshments
Children and youth work
Events		 Grant
funding of
activities
(see note
7)
£
43,602		 2023
£
270
165
1,017
3,620
6,559
705
3,770
16,106
Support
costs (see
note 8)
£
167,761
2023
£
186,564
168,634
9,918
6,106
16,686
1,694
20,973
410,575		 2022
£
974
67
842
3,704
6,981
8,024
1,837
22,429
Totals
£
621,938
2022
£
170,482
165,870
3,050
5,193
6,200
1,384
27,010
379,189

5. CHARITABLE ACTIVITIES COSTS

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

continued...

Page 15

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. GRANTS PAYABLE

Advancement of Christian faith
The total grants paid to institutions during the year was as follows:
Ministers Fellowship West Indies
Manna International Inc.
OSAKA
Franco
Grants payable to individuals amount to £13,399 (2022: £11,584).		 2023
£
43,602
2023
£
7,000
3,600
17,787
1,816
30,203		 2022
£
36,408
2022
£
3,500
3,840
9,946
7,538
24,824

8. SUPPORT COSTS

Governance
Management
costs
£
£
Advancement of Christian faith
162,122
5,639
Support costs, included in the above, are as follows:
Management
2023
Advancement
of
Christian
faith
£
Rent of premises
18,376
Insurance
3,118
Light, heat and water
2,877
Travel and transport
58,274
Postage, stationery and telephone
7,918
Publicity
8,216
Sundries
26,918
Repairs and maintenance
5,392
Depreciation of tangible assets
31,033
162,122		 Totals
£
167,761
2022
Total
activities
£
17,340
2,483
7,754
39,424
7,649
1,674
27,468
13,993
31,508
149,293

continued...

Page 16

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. SUPPORT COSTS - continued Governance costs

2023
Advancement
of
Christian
faith
£
Professional expenses
1,347
Accountancy and legal fees
490
Independent examiners remuneration
3,052
Bank charges
750
5,639
9.
TRUSTEES' REMUNERATION AND BENEFITS
2023
£
Trustees' salaries
161,681
Trustees' pensions paid
24,883
186,564		 2022
Total
activities
£
858
630
2,519
488
4,495
2022
£
146,925
23,557
170,482

Trustees' remuneration is made up of salaries paid to Rev AP Kawalsingh £75,827 (2022: £72,678), Mr I Mann £45,854 (2022: £44,321) and Mr T Kandi £40,000 (2022: £29,926).

Trustees' pension is made up of contributions of £17,440 (2022: £16,416) for Rev AP Kawalsingh, £6,430 (2022: £6,430) for Mr I Mann and £1,013 (2022: £711) 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 2023 nor for the year ended 30 September 2022.

continued...

Page 17

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. STAFF COSTS

2023 2022
£ £
Wages and salaries 289,359 274,273
Social security costs 26,508 25,400
Other pension costs 14,448 13,121
330,315 312,794
The average monthly number of employees during the year was as follows:
2023 2022
Salaried staff - charitable activities 7 7

The emoluments of one (2022: one) member of staff are within the range of £70,000 to £79,999.

Staff costs include salaries paid to related parties of £72,482 (2022: £77,470).

Pension costs include contributions for related parties of £12,023 (2022: £11,317).

Total remuneration in relation to Key Management Personnel, included within the figures above, amounts to £161,681 (2022: £146,925).

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 30 SEPTEMBER 2022

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)		 Unrestricted
fund
£
453,530
18,725
2,108
474,363
565,544
2,327
567,871
(93,508)		 Restricted
fund
£
-
3,704
-
3,704
3,841
-
3,841
(137)		 Total
funds
£
453,530
22,429
2,108
478,067
569,385
2,327
571,712
(93,645)

continued...

Page 18

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 30 SEPTEMBER
continued
Unrestricted
Restricted
fund
fund
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
1,502,474
1,330
TOTAL FUNDS CARRIED FORWARD
1,408,966
1,193
12.
TANGIBLE FIXED ASSETS
Furniture
Freehold
and
property
equipment
£
£
COST
At 1 October 2022
450,124
310,437
Additions
-
47,617
At 30 September 2023
450,124
358,054
DEPRECIATION
At 1 October 2022
115,314
213,015
Charge for year
7,152
23,880
At 30 September 2023
122,466
236,895
NET BOOK VALUE
At 30 September 2023
327,658
121,159
At 30 September 2022
334,810
97,422		 2022 -
Total
funds
£
1,503,804
1,410,159
Totals
£
760,561
47,617
808,178
328,329
31,032
359,361
448,817
432,232

Included in cost or valuation of land and buildings is freehold land of £92,500 (2022 - £92,500) which is not depreciated.

continued...

Page 19

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

----- Start of picture text -----
13. STOCKS
2023 2022
£ £
Stocks 11,221 11,854
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 1,722 -
Income tax recoverable 35,929 37,915
Accrued income 12,884 9,416
50,535 47,331
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Social security and other taxes 8,451 8,285
Other creditors 16,671 38,729
Accruals and deferred income 14,402 16,559
39,524 63,573
16. MOVEMENT IN FUNDS
Net
At movement At
1.10.22 in funds 30.9.23
£ £ £
Unrestricted funds
General fund 1,408,966 (106,505) 1,302,461
Restricted funds
Manna Ministries fund 1,193 20 1,213
TOTAL FUNDS 1,410,159 (106,485) 1,303,674
----- End of picture text -----

continued...

Page 20

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

16. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
514,635
Restricted funds
Manna Ministries fund
3,620
TOTAL FUNDS
518,255
Comparatives for movement in funds
At
1.10.21
£
Unrestricted funds
General fund
1,502,474
Restricted funds
Manna Ministries fund
1,330
TOTAL FUNDS
1,503,804
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
474,363
Restricted funds
Manna Ministries fund
3,704
TOTAL FUNDS
478,067		 Resources
expended
£
(621,140)
(3,600)
(624,740)
Net
movement
in funds
£
(93,508)
(137)
(93,645)
Resources
expended
£
(567,871)
(3,841)
(571,712)		 Movement
in funds
£
(106,505)
20
(106,485)
At
30.9.22
£
1,408,966
1,193
1,410,159
Movement
in funds
£
(93,508)
(137)
(93,645)

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.

continued...

Page 21

HARVEST CITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2023

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 £39,331 (2022: £36,678).

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 2023.

Page 22

HARVEST CITY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

INCOME AND ENDOWMENTS
Donations and legacies
Tithes and offerings
Gift aid - income tax recoverable
Investment income
Bank interest receivable
Charitable activities
Teaching and bookshop
Hospitality and refreshments
Children and youth work
Donations - Manna Ministries
Events
Room Hire Income
Miscellaneous
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' salaries
Trustees' pensions paid
Salaries
Social security
Pensions
Ministry expenses
Teaching and bookshop
Hospitality and refreshments
Children and youth work
Events
Grants to institutions
Grants to individuals		 2023
£
413,713
85,322
499,035
3,114
270
165
1,017
3,620
6,559
705
3,770
16,106
518,255
161,681
24,883
127,678
26,508
14,448
9,918
6,106
16,686
1,694
20,973
30,203
13,399
454,177		 2022
£
375,013
78,517
453,530
2,108
974
67
842
3,704
6,981
8,024
1,837
22,429
478,067
146,925
23,557
127,349
25,400
13,121
3,050
5,193
6,200
1,384
27,010
24,824
11,584
415,597

This page does not form part of the statutory financial statements

Page 23

HARVEST CITY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023

Charitable activities
Other
Hire of plant and machinery
Support costs
Management
Rent of premises
Insurance
Light, heat and water
Travel and transport
Postage, stationery and telephone
Publicity
Sundries
Repairs and maintenance
Depreciation of freehold property
Depreciation of furniture and equipment
Governance costs
Professional expenses
Accountancy and legal fees
Independent examiners remuneration
Bank charges
Total resources expended
Net expenditure		 2023
£
2,802
18,376
3,118
2,877
58,274
7,918
8,216
26,918
5,392
7,152
23,881
162,122
1,347
490
3,052
750
5,639
624,740
(106,485)		 2022
£
2,327
17,340
2,483
7,754
39,424
7,649
1,674
27,468
13,993
7,152
24,356
149,293
858
630
2,519
488
4,495
571,712
(93,645)

This page does not form part of the statutory financial statements

Page 24