REGISTERED CHARITY NUMBER: 518785
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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 2025
----- Start of picture text -----
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 18
----- End of picture text -----
HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30 September 2025. 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:
-
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.
-
The relief of persons who are in conditions of need, hardship, distress or who are aged or sick.
-
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 2025
ACHIEVEMENTS 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 twelve 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.
During the year, we reviewed our pastoral structure to ensure it better supports community, connection and spiritual growth. As part of this process, Life Groups were replaced with four geographically based Districts covering the whole of Leicestershire.
Each District is led by an Elder couple supported by a small leadership team, providing a clear and accessible pastoral framework. This structure enables us to respond more effectively to the diverse needs of a growing congregation representing a wide range of backgrounds, cultures and life experiences.
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 two 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 55 to 60 children in attendance. The older group aged 16-30, called The Pulse, continue to meet on Saturday evenings and attract between 30 to 35 young people. Both groups have a programme of music and worship, games and Bible teaching.
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.
We have introduced Connect Groups to strengthen community life within the church. These groups bring together individuals with shared interests or life stages, creating opportunities to build relationships, enjoy fellowship and offer encouragement and support.
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.
Page 2
HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
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
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.
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.
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:
-
Ministers Fellowship West Indies
-
Light of Life Full Gospel Church (Toronto, Canada)
-
Life Church (Osaka, Japan)
-
Iga Ueno Gospel Christ Church (Iga, Japan)
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.
On 1 February 2025, the church transitioned to become a Charitable Incorporated Organisation (CIO). The trustees undertook this change following careful consideration to ensure that the charity's legal structure appropriately supports its ongoing activities, governance responsibilities and future growth.
As part of the transition, all assets and liabilities were formally transferred to the newly established CIO, which operates under the same name. This provided continuity of operations while placing the charity within an incorporated structure, thereby offering limited liability protection for trustees and strengthening the overall governance framework.
At the date of transfer, total assets amounted to £1,251,376 and total liabilities were £36,044.
Page 3
HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
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.
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 4
HARVEST CITY CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025
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) Mr JRN Willock (Treasurer)
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 May 2026 and signed on its behalf by:
Mr INW Ekanayake - Trustee
Page 5
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 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
2 June 2026
Page 6
HARVEST CITY CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 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 9 Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 223,579 3,735 2,312 229,626 208,267 1,214,719 1,422,986 (1,193,360) 1,193,360 - |
Restricted fund £ - 1,200 - 1,200 1,800 613 2,413 (1,213) 1,213 - |
2025 Total funds £ 223,579 4,935 2,312 230,826 210,067 1,215,332 1,425,399 (1,194,573) 1,194,573 - |
2024 Total funds £ 537,613 15,528 4,776 557,917 667,018 - 667,018 (109,101) 1,303,674 1,194,573 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 7
HARVEST CITY CHURCH
BALANCE SHEET 30 SEPTEMBER 2025
| Notes FIXED ASSETS Tangible assets 13 CURRENT ASSETS Stocks 14 Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ - - - - - - - - - |
Restricted fund £ - - - - - - - - - |
2025 Total funds £ - - - - - - - - - - - - |
2024 Total funds £ 427,244 9,241 46,812 752,654 808,707 (41,378) 767,329 1,194,573 1,194,573 1,193,360 1,213 1,194,573 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 May 2026 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 8
HARVEST CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
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.
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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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.
continued...
Page 9
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
1. ACCOUNTING POLICIES - continued
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price.
Going concern
The Trustees made the decision to incorporate the charity and as such all trade has been transferred to Harvest City Church CIO on 1 February 2025 with all assets and liabilities being transferred during the year to 30 September 2025. The financial statements have therefore been prepared on a basis other than going concern.
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 |
2025 £ 160,329 63,250 223,579 2025 £ 2,312 2025 £ 670 - 765 1,200 1,130 432 738 4,935 |
2024 £ 450,276 87,337 537,613 2024 £ 4,776 2024 £ 1,826 26 3,488 3,600 2,578 1,031 2,979 15,528 |
|---|---|---|
continued...
Page 10
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
| 5. CHARITABLE ACTIVITIES COSTS Direct Costs (see note 6) £ Advancement of Christian faith 153,047 6. DIRECT COSTS OF CHARITABLE ACTIVITIES Trustees' remuneration Staff costs Ministry expenses Teaching and bookshop Hospitality and refreshments Children and youth work Royalties payable Events Tech and audio 7. GRANTS PAYABLE Advancement of Christian faith The total grants paid to institutions during the year was as follows: Ministers Fellowship Global Manna International Inc. OSAKA Ministers Fellowship International Portland Bible College |
Grant funding of activities (see note 7) £ 10,271 |
Support costs (see note 8) £ 46,749 2025 £ 73,285 61,081 - 982 3,417 2,148 351 6,516 5,267 153,047 2025 £ 10,271 2025 £ 4,815 1,800 3,176 - - 9,791 |
Totals £ 210,067 2024 £ 219,128 167,170 12,398 7,300 11,385 6,300 149 12,834 22,042 458,706 2024 £ 41,994 2024 £ 4,156 3,600 21,363 4,443 4,051 37,613 |
|---|---|---|---|
Grants payable to individuals amount to £480 (2024: £4,381).
continued...
Page 11
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
8. SUPPORT COSTS
| Governance Management costs £ £ Advancement of Christian faith 42,511 4,238 Support costs, included in the above, are as follows: Management 2025 Advancement of Christian faith £ Rent of premises 7,584 Insurance 1,317 Light, heat and water 3,020 Travel and transport 9,616 Postage, stationery and telephone 3,132 Publicity 3,544 Sundries 2,835 Repairs and maintenance 1,963 Depreciation of tangible assets 9,500 Loss on sale of tangible fixed assets - 42,511 Governance costs 2025 Advancement of Christian faith £ Professional expenses 154 Accountancy and legal fees - Independent examiners remuneration 3,975 Bank charges 109 4,238 |
Totals £ 46,749 2024 Total activities £ 25,124 2,865 7,287 55,701 9,941 3,256 11,692 12,699 31,688 (381) 159,872 2024 Total activities £ 1,482 720 3,750 494 6,446 |
|---|---|
continued...
Page 12
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
9. OTHER
| Donations to CIO Support costs |
2025 £ 1,215,332 46,749 1,262,081 |
2024 £ - 166,318 166,318 |
|---|---|---|
Donations relate to the transfer of all assets and liabilities to Harvest City Church CIO.
10. TRUSTEES' REMUNERATION AND BENEFITS
| Trustees' salaries Trustees' social security Trustees' pensions paid |
2025 £ 57,580 6,691 9,014 73,285 |
2024 £ 172,261 20,006 26,861 219,128 |
|---|---|---|
Trustees' remuneration is made up of salaries paid to Rev AP Kawalsingh £27,045 (2024: £81,135), Mr I Mann £16,309 (2024: £48,670) and Mr T Kandi £14,226 (2024: £42,456).
Trustees' social security is made up of contributions of £3,314 (2024: £9,941) for Rev AP Kawalsingh, £1,832 (2024: £5,461) for Mr I Mann and £1,545 (2024: £4,604) for Mr T Kandi.
Trustees' pension is made up of contributions of £6,220 (2024: £18,559) for Rev AP Kawalsingh, £2,429 (2024: £7,216) for Mr I Mann and £365 (2024: £1,086) 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 2025 nor for the year ended 30 September 2024.
11. STAFF COSTS
| 2025 |
2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 108,938 | 316,692 |
| Social security costs | 11,592 | 29,501 |
| Other pension costs | 13,836 | 40,106 |
| 134,366 | 386,299 | |
| The average monthly number of employees during the year was as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| Salaried staff - charitable activities | 8 | 7 |
During the year, the charity employed 8 staff members for a period of 4 months. Following the transfer of the trade to Harvest City Church CIO, these staff members continued to be employed within the charity.
continued...
Page 13
HARVEST CITY CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
11. STAFF COSTS - continued
Staff costs include salaries paid to related parties of £25,829 (2024: £77,364).
Pension costs include contributions for related parties of £4,292 (2024: £11,779).
Total remuneration in relation to Key Management Personnel, included within the figures above, amounts to £73,285 (2024: £199,122).
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 537,613 Charitable activities Advancement of Christian faith 11,928 Investment income 4,776 Total 554,317 EXPENDITURE ON Charitable activities Advancement of Christian faith 663,418 NET INCOME/(EXPENDITURE) (109,101) RECONCILIATION OF FUNDS Total funds brought forward 1,302,461 TOTAL FUNDS CARRIED FORWARD 1,193,360 |
- 30 SEPTEMBER 2024 Restricted Total fund funds £ £ - 537,613 3,600 15,528 - 4,776 3,600 557,917 3,600 667,018 - (109,101) 1,213 1,303,674 1,213 1,194,573 |
|---|---|
continued...
Page 14
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
13. TANGIBLE FIXED ASSETS
| Freehold property £ COST At 1 October 2024 450,124 Disposals (450,124) At 30 September 2025 - DEPRECIATION At 1 October 2024 129,619 Charge for year 2,419 Eliminated on disposal (132,038) At 30 September 2025 - NET BOOK VALUE At 30 September 2025 - At 30 September 2024 320,505 14. STOCKS Stocks 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Income tax recoverable Accrued income |
Furniture and equipment £ 364,509 (364,509) - 257,770 7,081 (264,851) - - 106,739 2025 £ - 2025 £ - - - |
Totals £ 814,633 (814,633) - 387,389 9,500 (396,889) - - 427,244 2024 £ 9,241 2024 £ 43,406 3,406 46,812 |
|---|---|---|
continued...
Page 15
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes Other creditors Accruals and deferred income 17. 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 1.10.24 £ 1,193,360 1,213 1,194,573 Incoming resources £ 229,626 1,200 230,826 |
2025 £ - - - - Net movement in funds £ (1,193,360) (1,213) (1,194,573) Resources expended £ (1,422,986) (2,413) (1,425,399) |
2024 £ 8,866 14,884 17,628 41,378 At 30.9.25 £ - - - Movement in funds £ (1,193,360) (1,213) (1,194,573) |
|---|---|---|---|
continued...
Page 16
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Manna Ministries fund TOTAL FUNDS Comparative net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds Manna Ministries fund TOTAL FUNDS |
At 1.10.23 £ 1,302,461 1,213 1,303,674 follows: Incoming resources £ 554,317 3,600 557,917 |
Net movement in funds £ (109,101) - (109,101) Resources expended £ (663,418) (3,600) (667,018) |
At 30.9.24 £ 1,193,360 1,213 1,194,573 Movement in funds £ (109,101) - (109,101) |
|
|---|---|---|---|---|
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.
18. EMPLOYEE BENEFIT OBLIGATIONS
The charity contributes to a personal pension scheme in respect of certain employees. The total costs payable in the period were £13,836 (2024: £40,106).
continued...
Page 17
HARVEST CITY CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2025
19. RELATED PARTY DISCLOSURES
Related party transactions are detailed under staff costs. There were no further related party transactions for the year ended 30 September 2025.
20. GOING CONCERN
The financial statements have been prepared on a basis other than going concern due to the Trustees making a decision to incorporate the charity and as such all trade was transferred to Harvest City Church CIO on 1 February 2025 with all assets and liabilities being transferred during the year to 30 September 2025. The Trustees therefore consider the going concern basis to be inappropriate in preparing the financial statements to 30 September 2025, as such the financial statements have been prepared on the break-up basis.
Page 18