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REGISTERED COMPANY NUMBER: SC363808 (Scotland)
REGISTERED CHARITY NUMBER: SC040749
















Harvest Bible Chapel Glasgow

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2023

Harvest Bible Chapel Glasgow






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Report of the Trustees 1

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 8

Harvest Bible Chapel Glasgow (Registered number: SC363808)

Report of the Trustees
for the Year Ended 31 March 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are as follows:

To advance the Christian faith in accordance with the Statement of Purpose, Doctrine and Values in Glasgow and also throughout Scotland and in the rest if the World by all means consistent with the teachings of the Christian Bible including worship, ministry, mission, evangelism, prayer, witness, education, training and mentoring, counselling and support, community service and the support of agencies and individuals and other charitable organisations involved in Christian missionary work, church planting/building and the relief of poverty or other social needs.

The charity's memorandum and articles of association instruct the Trustees to use the income in promoting these objects and allows the Trustees to also use the capital where appropriate.

Establish and populate Sunday services with a view to engaging attendees in Christian service and supporting activities through charitable giving. Form partnerships with organisations working in compassion ministry and seek areas to serve those organisations. Develop relationships with similar organisations internationally with a view to serving in other countries as we are resourced to do so. Provide a programme that incorporates mentoring, Christian education and promotes Christian growth.

Public benefit
The charity meets the definition of a public benefit entity under FRS 102.

Grantmaking
Grants are payable to institutions and individuals at the discretion of the Trustees.

Volunteers
Our activities are entirely dependent on volunteers though not for income generation. They have opportunity to volunteer and serve in whatever particular projects we are investing in at the time. Most of these projects are one off projects so volunteering is on a project by project basis. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the financial statements.


Harvest Bible Chapel Glasgow (Registered number: SC363808)

Report of the Trustees
for the Year Ended 31 March 2023

ACHIEVEMENT AND PERFORMANCE
Charitable Activities
In many ways this past year has been a year of re-establishing activities and connections post Covid. This involved a return to a number of activities that had been impossible or curtailed by
isolation and distance.

Our second Rooted Conference was a great success. Building on a discipleship and church planting theme it was well attended and was a major boost as the event became something of a gathering point for our vision. This financial year has also seen Rooted Churches established as a church planting network and as an SCIO. This will now facilitate church planting to be done in partnership with other churches of shared conviction. Mark Boys came onto the team to serve as Training Pastor with a view to helping develop a network and framework for church planting in Scotland.

High Five made a welcome return in a more full format. Again this was very well attended and we were able to invite and welcome a number of children from the local community. This, alongside re-establishing connection with Mosspark Primary School is of high value to us. Our Ministry Apprentice programme benefitted from adding two further people. Heidi Boyle has added significant administrative benefit and was key in the conference organisation as well as handling matters around the property and leading Harvest Kids. Lynsey Doran is giving a day
per week to help us serve International families in the community. In addition to them Michael Alford continued in his development with theological training through Crosslands and in taking on more preaching responsibility.

An extension of this learning in community aspect of our aims was the introduction of Deeper Classes. This allowed around 30 people in our church to experience lay level theological education. They covered a number of modules including Church History, Doctrine and Reading and Understanding your Bible.

FINANCIAL REVIEW
Annual Review of Activities
The financial statements show the overall position of the charity at the period end together with the income and expenditure for the period. The financial statements are presented for the 12 months to 31 March 2023.

Income received during the year totalled £287,022 (2022 - £231,597) and expenditure totalled £208,452 (2022 - £198,660). A surplus in funds of £78,570 was generated compared to a surplus of £31,364 in 2022.

Reserves policy
It is the policy of the charity to maintain sufficient funds to support the charity's current activities. The general fund had reserves totalling £135,487 (2022 - £143,915) which are available for available for general purposes. The restricted building fund has reserves totalling £125,770 (2022 - £121,622) as at balance sheet date. The restricted building fund reserves are only distributable on the sale of the assets.The restricted salary fund has reserves totalling £75,377 (2022 - £Nil). The restricted Church Planting fund has reserves of £7,473 (2022 - £Nil).

FUTURE PLANS
These include a women’s retreat event, a church leadership training day as well as an expansion of the Deeper Classes. We continue to play our part in Rooted Churches and aim to have a church planting resident in place come September 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Harvest Bible Chapel Glasgow is a registered company limited by guarantee. The charity was formed under a Memorandum and Articles of Association which established its objects and powers and is governed under its Articles of Association. The Articles of Association was renewed by special resolution on 8th November 2017. The charity was incorporated on 11 August 2009, in Scotland, with company number SC363808 and was registered with OSCR as having charitable status from 13 August 2009, with the charity number being SC040749.

Recruitment and appointment of new trustees
The Memorandum and Articles of Association place no limit on the maximum number of Trustees the charity must have but do limit the minimum number of Trustees to 3. The policies of the charity for the recruitment and appointment of Trustees are set by the Memorandum and Articles of Association. All Trustees must subscribe and adhere to, in belief and lifestyle, the Statement of Beliefs as recorded in the Articles of Association.


Harvest Bible Chapel Glasgow (Registered number: SC363808)

Report of the Trustees
for the Year Ended 31 March 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The day to day running and management of the Trust is the ultimate responsibility of the Trustees who are supported by volunteers and remain in regular contact with each other. All financial decisions concerning charitable activities are made by the Trustees collectively.

Key management remuneration
S G Hamilton being the Senior Pastor and Trustee of the charity is entitled to remuneration under article 5.3 of the Memorandum and Articles of Association.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC363808 (Scotland)

Registered Charity number
SC040749

Registered office
167 Ashkirk Drive
Glasgow
G52 1LA

Trustees
R Hamilton
S G Hamilton
M Hardy

Independent Examiner
Alastair Stewart BA (Hons) CA
Gillespie & Anderson
147 Bath Street
Glasgow
G2 4SN

Bankers
Barclays Bank Plc
1 Churchill Place
London
E14 5HP



This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 13 November 2023 and signed on its behalf by:





S G Hamilton - Trustee

Independent Examiner's Report to the Trustees of
Harvest Bible Chapel Glasgow (Registered number: SC363808)

I report on the accounts for the year ended 31 March 2023 set out on pages five to seventeen.

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's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 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 the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as 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 connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Alastair Stewart BA (Hons) CA
The Institute of Chartered Accountants of Scotland

Gillespie & Anderson
147 Bath Street
Glasgow
G2 4SN

13 November 2023

Harvest Bible Chapel Glasgow

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 142,363 131,099 273,462 231,584

Charitable activities
Main charitable activity 443 - 443 -

Investment income 3 333 - 333 13
Total 143,139 131,099 274,238 231,597

EXPENDITURE ON
Charitable activities 4
Main charitable activity 125,334 72,118 197,452 200,233

NET INCOME 17,805 58,981 76,786 31,364
Transfers between funds 19 (15,233 ) 15,233 - -
Net movement in funds 2,572 74,214 76,786 31,364

RECONCILIATION OF FUNDS
Total funds brought forward 143,915 121,622 265,537 234,173

TOTAL FUNDS CARRIED FORWARD 146,487 195,836 342,323 265,537

Harvest Bible Chapel Glasgow (Registered number: SC363808)

Balance Sheet
31 March 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 7,441 244,287 251,728 257,864

CURRENT ASSETS
Stocks 13 500 - 500 500
Debtors 14 25,983 - 25,983 15,435
Cash at bank 141,339 70,066 211,405 148,886
167,822 70,066 237,888 164,821

CREDITORS
Amounts falling due within one year 15 (28,776 ) (10,043 ) (38,819 ) (38,630 )

NET CURRENT ASSETS 139,046 60,023 199,069 126,191

TOTAL ASSETS LESS CURRENT
LIABILITIES

146,487

304,310

450,797

384,055

CREDITORS
Amounts falling due after more than one year 16 - (108,474 ) (108,474 ) (118,518 )

NET ASSETS 146,487 195,836 342,323 265,537
FUNDS 19
Unrestricted funds:
General fund 146,487 143,915
Restricted funds:
Building fund 125,770 121,622
Salary fund 62,593 -
Church planting fund 7,473 -
195,836 121,622
TOTAL FUNDS 342,323 265,537

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.



Harvest Bible Chapel Glasgow (Registered number: SC363808)

Balance Sheet - continued
31 March 2023

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 November 2023 and were signed on its behalf by:





S G Hamilton - Trustee

Harvest Bible Chapel Glasgow

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Presentation currency
The financial statements are presented in pound sterling (£) which is the functional currency of the company.

Going concern
The financial statements are prepared on the going concern basis of accounting as, in the opinion of the Trustees there are no matters of material uncertainty which cast doubt on the charity's ability to continue.

Despite the ongoing issues of the Covid-19 pandemic and the lockdown restrictions, the management have continued operations throughout this period in compliance with covid regulations. They have accessed all available support which has been available at local and national levels. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
The Trustees have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Trustees estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Income
All income is recognised when the charity is entitled to the income, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income:

Donations and legacies income is received by way of grants, donations, gifts and is included in full in the Statement of Financial Activities when the charity is entitled to the goods or services, receipt of the goods or services is probable and the value of the goods or services can be measured reliably. Grants where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.

Other trading activities include any fundraising events held to generate funds and the sale of merchandise. Income is included when receivable and can be measured with reasonable certainty.

Investment income is included when receipt is probable and the amount can be measured reliably, and consists solely of bank interest.

Volunteers
In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the financial statements due to inaccurate measurement bases.

Expenditure
Expenditure has been classified under the headings that aggregate all costs 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 the resources.

Expenditure is recognised on an accrual basis when a legal liability is incurred, payment of the liability is probable and the amount can be measured reliably. The amount includes any VAT which cannot be fully recovered. VAT is reported as part of the expenditure to which it relates.

Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Expenditure

Charitable activities comprise all resources expended undertaking work to meet the charity's charitable objectives. Such costs include the direct costs of charitable activities approved by the charity and all support costs relating to these activities. Governance costs include direct resources expended in the general running of the charity and are primarily associated with constitutional and statutory requirements. These costs are allocated entirely to charitable activities.

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.

Support costs
Support costs are allocated wholly to charitable activities. Whilst the Trustees recognise that a small part of some items of expenditure included in support costs do relate to indirect governance costs, they are of the opinion that the time and costs involved in performing such an analysis outweigh the potential benefits arising from any such work.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write of the cost less estimated residual value of each asset over its estimated useful life.

Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

It is the policy of the charity not to consider items of expenditure less than £500 for capitalisation.

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 corporation tax on its charitable activities.

Fund accounting
The charity consists of one unrestricted general income fund which is available for the use at the discretion of the Trustees in furtherance of the general objectives of the charity and one restricted fund being the building fund which is to receive all income raised by the charity for the financing of a new church building.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Employment Benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors, and creditors.

Cash and cash equivalents comprise cash at bank and on hand and bank overdrafts. A bank overdraft would be shown within current liabilities.


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Financial instruments
Debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, other debtors are stated at cost less losses for bad debts.

Creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, creditors are stated at cost.

Provisions for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

2. DONATIONS AND LEGACIES
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Donations 119,288 131,099 250,387 207,487
Gift aid 23,075 - 23,075 24,097
142,363 131,099 273,462 231,584

3. INVESTMENT INCOME
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Deposit account interest 333 - 333 13

4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 7) Totals
£    £    £   
Main charitable activity 195,459 1,993 197,452


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£    £   
Trustees' remuneration etc 44,842 44,216
Staff costs 61,033 49,298
Other operating leases - 2,188
Rates and water 1,275 280
Insurance 5,189 6,099
Light and heat 15,648 15,403
Telephone 4,803 6,512
Print, postage and stationery 241 485
Advertising 1,487 1,562
Sundries 4,798 9,690
Equipment 15,468 19,396
Events and conferencing 8,923 6,565
Religious expenses 582 2,150
Legal expenses - 1,767
Staff training 5,211 2,250
Travel 6,561 292
Cleaning 2,594 -
Depreciation 11,219 13,921
Interest payable and similar charges 5,585 5,330
195,459 187,404

6. GRANTS PAYABLE
2023 2022
£    £   
Main charitable activity - 11,256


7. SUPPORT COSTS
Governance
costs
£   
Main charitable activity 1,993

Support costs, included in the above, are as follows:

Governance costs
2023 2022
Main
charitable Total
activity activities
£    £   
Examination fee 1,993 1,573


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 11,220 13,921
Other operating leases - 2,188

9. TRUSTEES' REMUNERATION AND BENEFITS

During the period under review S G Hamilton, who is a Trustee, received remuneration of £38,346 (2022 - £37,966) and employer pension contributions of £2,247 (2022 - £2,231) for providing his services as Senior Pastor.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.


10. STAFF COSTS
2023 2022
£    £   
Wages and salaries 90,238 79,846
Social security costs 10,269 8,801
Other pension costs 5,368 4,867
105,875 93,514

The average monthly number of employees during the year was as follows:

2023 2022
Senior Pastor 1 1
Admin 1 2
2 3

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 231,584 - 231,584

Investment income 13 - 13
Total 231,597 - 231,597

EXPENDITURE ON
Charitable activities
Main charitable activity 189,403 10,830 200,233


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
NET INCOME/(EXPENDITURE) 42,194 (10,830 ) 31,364
Transfers between funds (14,601 ) 14,601 -
Net movement in funds 27,593 3,771 31,364

RECONCILIATION OF FUNDS
Total funds brought forward 116,322 117,851 234,173

TOTAL FUNDS CARRIED FORWARD 143,915 121,622 265,537

12. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 274,997 32,657 9,758 317,412
Additions - 5,084 - 5,084
At 31 March 2023 274,997 37,741 9,758 322,496
DEPRECIATION
At 1 April 2022 25,209 25,600 8,739 59,548
Charge for year 5,501 4,703 1,016 11,220
At 31 March 2023 30,710 30,303 9,755 70,768
NET BOOK VALUE
At 31 March 2023 244,287 7,438 3 251,728
At 31 March 2022 249,788 7,057 1,019 257,864

13. STOCKS
2023 2022
£    £   
Stocks 500 500


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 23,075 15,176
Prepayments 2,908 259
25,983 15,435

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 17) 10,044 9,649
Other creditors 23,246 21,462
Accrued expenses 5,529 7,519
38,819 38,630

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 17) 108,474 118,518

17. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Other loans 10,044 9,649
Amounts falling between one and two years:
Other loans - 1-2 years 10,461 10,044
Amounts falling due between two and five years:
Other loans - 2-5 years 33,973 32,658
Amounts falling due in more than five years:

Repayable by instalments:
Other loans more 5yrs instal 64,040 75,816

The above loan is repayable over 15 years at 4% interest per annum.


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

18. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 118,518 128,167

Stewardship Services (UKET) Limited holds a standard security, delivered on 6 February 2018, over the property at 167 Ashkirk Drive, Glasgow.

19. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 143,915 17,805 (15,233 ) 146,487

Restricted funds
Building fund 121,622 (11,085 ) 15,233 125,770
Salary fund - 62,593 - 62,593
Church planting fund - 7,473 - 7,473
121,622 58,981 15,233 195,836
TOTAL FUNDS 265,537 76,786 - 342,323

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 143,139 (125,334 ) 17,805

Restricted funds
Building fund - (11,085 ) (11,085 )
Salary fund 123,626 (61,033 ) 62,593
Church planting fund 7,473 - 7,473
131,099 (72,118 ) 58,981
TOTAL FUNDS 274,238 (197,452 ) 76,786


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£    £    £    £   
Unrestricted funds
General fund 116,322 42,194 (14,601 ) 143,915

Restricted funds
Building fund 117,851 (10,830 ) 14,601 121,622

TOTAL FUNDS 234,173 31,364 - 265,537

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 231,597 (189,403 ) 42,194

Restricted funds
Building fund - (10,830 ) (10,830 )

TOTAL FUNDS 231,597 (200,233 ) 31,364

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£    £    £    £   
Unrestricted funds
General fund 116,322 59,999 (29,834 ) 146,487

Restricted funds
Building fund 117,851 (21,915 ) 29,834 125,770
Salary fund - 62,593 - 62,593
Church planting fund - 7,473 - 7,473
117,851 48,151 29,834 195,836
TOTAL FUNDS 234,173 108,150 - 342,323

Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 374,736 (314,737 ) 59,999

Restricted funds
Building fund - (21,915 ) (21,915 )
Salary fund 123,626 (61,033 ) 62,593
Church planting fund 7,473 - 7,473
131,099 (82,948 ) 48,151
TOTAL FUNDS 505,835 (397,685 ) 108,150

Purposes of funds

Unrestricted funds

General fund - To receive the normal income and pay the normal running expenses of the charity.

Restricted funds

Building fund - To receive the income raised by the charity for the financing of a new church building.

Salary fund - To receive the income raised by the charity for the financing of staff salary, NIC and pension expenditure.

Church planting fund - To receive the income raised by the charity for the financing of future church planting.

Transfers between funds

During the year to 31 March 2023, the sum of £15,233 was transferred from the unrestricted General Fund to the restricted Building Fund.

20. RELATED PARTY DISCLOSURES

During the period under review S G Hamilton, who is a Trustee, received remuneration of £38,346 (2022 - £37,966) and employer pension contributions of £2,247 (2022 - £2,231) for providing his services as Senior Pastor.

Trustees' donations

During the period, the aggregate amount of donations made by Trustees was £15,930 (2022 - £16,060).