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2025-03-31-accounts

Harvest Christian Fellowship

Trustee’s Annual Report and Accounts

Year Ended 31 March 2025

Peter Hall Finance & Accounting Certified Public Accountant UK 10227712A

Harvest Christian Fellowshi p

Contents of the Accounts for the Year Ended 31 March 2025

Page
Church Information 1
Report of the Trustees 2 - 5
Report of the Independent Examiner 6
Statement of Receipts and Payments 7
Statement of Balances 8
Notes to the Accounts 9 - 14

Harvest Christian Fellowshi p

Church Information for the Year Ended 31 March 2025

Principal Address

Harvest Christian Fellowship Scottish Registered Charity SC033866 5 Rowan Grove Hamilton ML3 7TT

Web Site: www.harvesthamilton.org.uk

Bankers

Bank of Scotland 9 Brandon Street Hamilton ML3 6BZ

Independent Examiner

Peter Hall Finance & Accounting Solutions Accountants and Business Advisers Tillicoultry, Clackmannanshire FK13 6DR Fellow Certified Public Accountant 10227712A

Solicitors

Dentons UKMEA LLP 1 George Square Glasgow G2 1AL

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Harvest Christian Fellowshi p

Trustees’ Annual Report for the Year Ended 31 March 2025

The Trustees are pleased to present their report and Accounts for the year ended 31 March 2025.

Status of Charity and Governing Document

Harvest Christian Fellowship (“the church or Assembly”) is established by Constitution and is affiliated with the “Assemblies of God, Great Britain”. (“Assemblies of God” is a company limited by guarantee (No. 2873415) registered in England, having its registered office at No.1-2 The Cottages, Deva Centre, Salford, Manchester, England, M3 7BE, and is also a registered charity (No. 1032245).

Constitutional form date: 30[th] November 2002

Charitable Objectives

The objectives of the church are:

Trustees and Office Bearers

The church is governed by a Leadership team known as the Assembly Council comprising the church’s Pastor and Elders who are also the church’s Trustees. The Trustees, Office Bearers and staff who served voluntarily during the year and to the date of this report were as follows:-

Under the terms of the Constitution, the Assembly Council (i.e. the Management Trustees) have the power to appoint members of the church as Holding Trustees for the purpose of holding land and buildings owned by the church. The Holding Trustees are

.

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Harvest Christian Fellowshi p

Trustees’ Annual Report for the Year Ended 31 March 2025

Appointment of Trustees

New Trustees are nominated for appointment by the existing Trustees. There is no fixed term for Trusteeship. Prior to their appointment, new Trustees would have served the church for some time in various roles and would be familiar with the church’s values, its aims and objectives as well as its day-to -day operations. As part of their induction programme, new Trustees are required to understand their statutory responsibilities.

Achievements and Performance

Having concluded the purchase of a property in Keith Street Hamilton we have now finished the refurbishment project and this building is now our permanent church address. It is located in the centre of Hamilton and so affords us with lots of opportunities to develop a presence right at the heart of our community.

We held our first service in our new church building in Keith Street Hamilton on 17 December 2023! This building was purchased in February 2019 and work was carried out in two initial phases: late March 2020 to 30 June 2020 and 8 October 2020 to February 2021.

Then there was a pause to allow further fundraising and working with , a Hamilton based architect with extensive experience of working on church building projects we commenced discussions with Go-Wright Ltd and work commenced on 5 June 2023. This was a monumental task – and only made possible by the generosity and sacrificial giving of so many of our members and friends of Harvest Church.

As well as all the hard work since last year’s report in getting the building open we have seen encouraging numerical growth in the church over the past 12 months. Here is an insight to Harvest by Numbers; Sunday attendance has continued to grow. The average Sunday attendance January to March 2024 was 171, up from 116 the same period last year. That is an increase of 48%.

We have added 100 adults to our database. In addition, we have added

  1. 22 new adult members (+21%) +removed 21 (long time inactive) (-20%)

  2. 34 under 18s registered in our ChurchSuite database (+36%)

  3. and we now have 117 adults in life groups - a massive 52% increase in a year.

  4. We have seen 8 people baptised this year and the premises witnessed our first wedding.

In August 2023 we said goodbye to

from our staff team. It is very

appropriate that we recognise the very significant contribution that has been made by them over many years.

Other significant highlights events and developments of note in the year include the following;

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Harvest Christian Fellowshi p

Trustees’ Annual Report for the Year Ended 31 March 2025

Financial review

Overview

The financial year ending 31 March 2025 has been a period of continued growth and stability for Harvest Christian Fellowship, following the successful opening and operational use of our permanent church premises in Keith Street, Hamilton. With encouraging growth in attendance and engagement, the financial stewardship of the church has remained robust, aligned with our mission and strategic goals.

Income

Total income for the year amounted to £207,183.76, including:

This marks a continuing trend of generosity from the congregation and external supporters, especially in designated gifts for capital development.

Expenditure

Total expenses for the year were £215,467.81, spanning across key areas of ministry and operations:

A significant item within property-related expenditure was building work at Keith Street totalling £30,761.18, representing the church's investment in improving and maintaining the new premises.

Loan Interest

As part of our financial obligations, the church made interest payments on its existing loans:

Total Interest Paid: £14,957.91

These loans are secured against the church’s assets and were crucial in enabling the acquisition and development of the Keith Street building.

Net Position

The net operating result for the year, excluding restricted income, showed a modest operating deficit of £8,284.05, offset by restricted income for the Building Fund. After accounting for all income,

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including restricted funds, the church recorded a net income of £87,179.90, reflecting prudent financial management and effective allocation of resources.

Summary

The Trustees are satisfied that the church has maintained a sound financial footing throughout the year, with appropriate use of both general and restricted funds. The significant investment into the Keith Street building has positioned the church well for future ministry growth, while the responsible management of loans and expenditure ensures sustainability.

We continue to be grateful for the faithfulness and generosity of our congregation, and we remain committed to financial transparency, stewardship, and kingdom impact.

Reserves Policy

It is the policy of the church to maintain unrestricted funds, i.e. funds not committed or invested in fixed assets, at a level which equates to approximately three months’ unrestricted expenditure. This allows sufficient funds to enable the ongoing work of the church to be maintained.

Grant Making Policy

The church makes grants from its tithes and offerings to individuals and organisations that are generally known to the Trustees and the church. The beneficiaries are involved in activities or ministries compatible with the church’s objectives.

Going Concern: As at the date of approval of this report, and the financial accounts, the Directors have assessed, in compliance with paragraph 25 of IAS 1 (International Accounting Standards), that the accounts of “Harvest Christian Fellowship” has been prepared on a “Going Concern” basis. The Trustees have no intention of liquidating the charity’s assets or to cease operating.

Statement of Trustees’ Responsibilities

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the charity’s financial position and enable them to ensure that the Accounts comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the provisions of the charity’s Constitution. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This Report was approved by the Trustees on 6[th] June 2025 and signed on their behalf by

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Harvest Christian Fellowshi p

Independent Examiner’s Report to the Trustees of Harvest Christian Fellowship

I report on the Accounts of the charity for the year ended 31 March 2025 which are set out on pages 6 to 13.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and

  3. to prepare Accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

  1. to which in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.

Peter Hall Finance & Accounting Tillicoultry, Clackmannanshire. Certified Public Accountant 10227712A

Date: 14[th] October 2025

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Harvest Christian Fellowshi p

Statement of Receipts and Payments for the Year Ended 31 March 2025

Receipts:
Voluntary income
Donations & Grants
Missions
Investment Income
Income tax on Gift Aid
Total Receipts
Payments:
Charitable activities
Governance
Ministry Costs
Operational Costs
Property Costs
Staff Costs
Total Payments
NET RECEIPTS/(PAYMENTS)
Transfers between funds
Total Funds Bought Forward
Total Funds Carried Forward		 Unrestricted
Funds
Restricted
funds
Total
funds
2025
2024
Notes
£
£
£
£
256,246
256,246
295,315
100
179
179
774
46,223
46,223
31,774
302,648
302,648
327,963
1,059
1,059
338
4
15,240
2,803
18,042
26,864
5,9,10
15,416
15,416
21,316
6
78,378
78,378
31,604
7
102,573
102,573
85,086
8
212,665
2,803
215,468
165,279
89,982
(2,803)
87,180
162,684
(2,803)
2,803
24,706
487,531
512,237
349,552
111,885
587,532
599,416
512,23615,16

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Harvest Christian Fellowshi p

Balance Sheet for the Year Ended 31 March 2025

Fixed Assets
Buildings
Current Assets
Bank – Treasury
Bank – Savings
Pleo
Petty Cash
Creditors
Amounts falling due within one year
Net Current Assets
Total Assets less Current Liabilities
Creditors – non current
Amounts falling due after more than one year
Net Assets (liabilities)
Funds
General Fund
Restricted Fund
Total Funds		 2025
2024
696,259
696,259
11
46,274
11,694
12,899
12,380
1,452
581
51
51
61,126
24,706
8,392
54,348
12
52,734
(29,643)
748,993
666,616
149,576
154,380
13
599,416
512,236
111,885
24,706
15
487,531
487,531
16
599,416
512,236

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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).

For the period ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts were approved by the Trustees on 6[th] June 2025 and signed on its behalf by:

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

1. Basis of Accounting

Basis of Preparation

The financial statements have been prepared on the accruals basis of accounting. This means that income and expenditure is recognised in the period to which they relate, rather than when cash is received or paid. The accruals basis provides a more accurate reflection of the church’s financial performance and position, particularly in light of our income exceeding the £250,000 threshold which requires charities in Scotland to adopt this approach.

The accounts have been prepared under the historical cost convention unless otherwise stated in the accounting policies, and in compliance with all applicable legal and regulatory reporting requirements relevant to charitable companies operating in Scotland.

The Trustees have assessed that the charity continues to operate as a going concern, and there are no material uncertainties regarding its ability to continue in operational existence for the foreseeable future.

Funds

For the purpose of the Statement of Receipts and Payments (page 7) and the Balance Sheet (page 8), Funds are defined as follows:

Unrestricted funds comprise grants and other income received for the objects of the church without further specified purpose and are available as General funds.

Restricted funds comprise income which has been received for the objects of the church and specified for a restricted purpose within these objects by the donor.

The purpose of the Restricted Funds as shown in Note 10 on page 12 are as follows:

Missions Fund: represents gifts received to support the church’s ministry in missions. Building Fund: represents gifts received to finance the development of the church’s building.

VAT

The church is not registered for VAT and accordingly, expenditure includes VAT where appropriate.

2. Charitable Expenditure

Comprises the following:

Ministry Costs represents expenditure on the church’s weekly activities and ministries, including sustenance payments to missionaries that the Church may support from time to time.

Operational Costs represents expenditure on the operations of the Charity.

Property Costs represents expenditure (including interest) on the church’s building.

Staff Costs represents the employment costs of the church’s staff team.

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

3. Fixed Assets

A building was purchased in Hamilton. Expenditure on improving the building once purchased has been added to the value of the asset as the “cost base” in the Balance Sheet.

4. Governance
Legal & Professional
Other
5. Ministry Costs
Hospitality
Ministry Costs – Other
Ministry Costs – Special Events
Missions giving
Sunday Morning Catering		 Unrestricted
Funds
Restricted
funds
2025
2024
Notes
£
£
£
£
1,059
1,059
338
1,059
1,059
338
Unrestricted
Funds
Restricted
funds
2025
2024
Notes
£
£
£
£

528
528

5,598
5,598
11,289
1,164
1,164
4,254
2,803
2,803
4,503
6,928
6,928
6,439
14,217
2,803
17,020
26,484

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

6. Operating Costs
Bank Charges
Insurance
Internet
Interest
Literature & Resources
Operating Costs
7. Property Costs
Bourne Street Expenses
Keith Street Expenses
Repairs & Maintenance
8. Staff Costs
Staff Costs		 Unrestricted
Funds
Restricted
funds
2025
2024
Notes
£
£
£
£

50
50

282
27
27
125
1,262
1,262
829
180
180
292
13,896
13,896
19,789

15,416
15,416
21,316
Unrestricted
Funds
Restricted
funds
2025
2024
Notes
£
£
£
£

9,698
9,698
11,259
66,261
66,261
19,628
2,419
2,419
717

78,378
78,378
31,604
Unrestricted
Funds
Restricted
funds
2025
2024
Notes
£
£
£
£

102,573
102,573
85,156

102,573
102,573
85,156

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

9. Gifts Gifts totalling £1,022 (£380 in previous year) were awarded to various individuals during the year for hardship payments for the poor and sick.

10. Payee/Beneficiary
Lighthouse Church
The Haven Rehab
Families in need		 Unrestricted
funds
Restricted
funds
2025
2024
£
£
£
£
100
100
200
700
700
4,200
300
300
103
103
103
1,500
1,500
203
203
2,803
2,803
4,503
11. Tangible Fixed Assets
Cost
At 1st April 2024
Improvements
Revaluation - Buildings
Disposals
At 31st April 2025
Depreciation
At 1stApril 2024
Charge for the period
Depreciation on disposals
At 31st March 2025
Net Book Value
At 31st March 2025
At 31st March 2023		 Buildings
Other
Total
696,259
696,259
-
-
696,259
696,259
696,259
696,259
696,259
696,259
696,259
696,259

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

12. Creditors Falling Due Within One Year

Accruals (Q4 PAYE)
Creditors (Bounce Back Loan)
Private loans
reditors Falling Due After One Year
Bounce Back Loan
Triodos loan		 2025
2024
£
£
2,183
6,209
6,348
48,000
8,392
54,348
2025
2024
£
£
22,032
26,835
127,545
127,545
149,576
154,380

13. Creditors Falling Due After One Year

The loans are secured over the assets of the charity.

The average number of employees during the year was 4 (2024 – 4)

There was one employee who received remuneration over £20,000 during the year. The Pastor received a salary of £34,198.

14. Trustees’ Remuneration and Related Party Transactions

No Trustee received any remuneration or was reimbursed expenses during the year (2023 – nil) in their capacity as Trustee.

15. Unrestricted Funds

Unrestricted Funds
At 1st April 2024
Transfers
Incoming resources
Resources expended
At 31st March 2025		 General
Total
24,706
24,706
(2,803)
(2,803)
302,648
302,648
(212,665)
(212,665)
111,885
111,885

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Harvest Christian Fellowshi p

Notes to the Accounts for the Year Ended 31 March 2025

16. Restricted Funds

Restricted Funds
Restricted Missions Total Missions Total
Funds
At 1st April 2024 487,532 487,532
Revaluation Reserve
Transfers (2,803) (2,803)
Incoming resources
Resources expended 2 2,803 2,803
At 31st March 2025 487,532 - 487,532

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