IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3638082023-03-31SC3638082024-03-31SC3638082023-04-012024-03-31SC3638082022-03-31SC3638082022-04-012023-03-31SC3638082023-03-31SC363808ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC363808ns15:PoundSterling2023-04-012024-03-31SC363808ns11:FRS1022023-04-012024-03-31SC363808ns11:IndependentExaminationCharity2023-04-012024-03-31SC363808ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC363808ns11:FullAccounts2023-04-012024-03-31SC363808ns11:CharitiesSORP2023-04-012024-03-31SC363808ns16:EnglandWales2023-04-012024-03-31SC363808ns11:RegisteredOffice2023-04-012024-03-31SC363808ns0:Trustee22023-04-012024-03-31SC363808ns0:Trustee12023-04-012024-03-31SC363808ns0:Trustee32023-04-012024-03-31SC363808ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC363808ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC363808ns0:Activity82023-04-012024-03-31SC363808ns0:Activity8ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC363808ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC363808ns0:Activity82022-04-012023-03-31SC363808ns0:TotalUnrestrictedFunds2023-03-31SC363808ns0:TotalRestrictedIncomeFunds2023-03-31SC363808ns0:TotalUnrestrictedFunds2024-03-31SC363808ns0:TotalRestrictedIncomeFunds2024-03-31SC363808ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC363808ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-03-31SC363808ns10:WithinOneYear2024-03-31SC363808ns10:WithinOneYear2023-03-31SC363808ns0:TotalUnrestrictedFundsns10:AfterOneYear2024-03-31SC363808ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-03-31SC363808ns10:AfterOneYear2024-03-31SC363808ns10:AfterOneYear2023-03-31SC36380812023-04-012024-03-31SC36380822023-04-012024-03-31SC36380832023-04-012024-03-31SC36380812023-04-012024-03-31SC36380812022-04-012023-03-31SC363808ns10:OwnedAssets2023-04-012024-03-31SC363808ns10:OwnedAssets2022-04-012023-03-31SC363808ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC363808ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC363808ns0:Activity8ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC363808ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC363808ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC363808ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-31SC363808ns10:PlantMachinery2023-03-31SC363808ns10:FurnitureFittings2023-03-31SC363808ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-04-012024-03-31SC363808ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-04-012024-03-31SC363808ns10:PlantMachinery2023-04-012024-03-31SC363808ns10:FurnitureFittings2023-04-012024-03-31SC363808ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-03-31SC363808ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-03-31SC363808ns10:PlantMachinery2024-03-31SC363808ns10:FurnitureFittings2024-03-31SC363808ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-03-31SC363808ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-03-31SC363808ns10:PlantMachinery2023-03-31SC363808ns10:FurnitureFittings2023-03-31SC363808ns10:WithinOneYear2022-03-31SC363808ns10:BetweenOneTwoYears2024-03-31SC363808ns10:BetweenOneTwoYears2023-03-31SC363808ns10:BetweenTwoFiveYears2024-03-31SC363808ns10:BetweenTwoFiveYears2023-03-31SC363808ns10:Secured2024-03-31SC363808ns10:Secured2023-03-31
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 2024

Harvest Bible Chapel Glasgow






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1

Independent Examiner's Report 5

Statement of Financial Activities 6

Balance Sheet 7

Notes to the Financial Statements 9

Harvest Bible Chapel Glasgow (Registered number: SC363808)

Report of the Trustees
for the Year Ended 31 March 2024


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 2024. 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 2024

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 2024.

Income received during the year totalled £199,365 (2023 - £274,238) and expenditure totalled £202,124 (2023 - £197,452). A deficit in funds of £2,759 was generated compared to a surplus of £76,786 in 2023.

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 £160,964 (2023 - £146,487) which are available for general purposes. The restricted building fund has reserves totalling £130,314 (2023 - £125,770) 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 £Nil (2023 - £17,711l). The restricted Church Planting fund has reserves of £7,473 (2023 - £7,473). The restricted Church house fund has reserves of £40,813 (2023 - £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 2024


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




Harvest Bible Chapel Glasgow (Registered number: SC363808)

Report of the Trustees
for the Year Ended 31 March 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Harvest Bible Chapel Glasgow for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner
Independent Examiner, Alastair Stewart BA(Hons) CA, of Gillespie & Anderson, Chartered Accountants, has expressed a willingness to continue in office.

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 22 November 2024 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 2024 set out on pages six to eighteen.

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

22 November 2024

Harvest Bible Chapel Glasgow

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 201,411 (9,112 ) 192,299 273,462

Charitable activities
Main charitable activity - - - 443

Investment income 3 2,188 - 2,188 333
Total 203,599 (9,112 ) 194,487 274,238

EXPENDITURE ON
Charitable activities 4
Main charitable activity 169,894 27,352 197,246 197,452

NET INCOME/(EXPENDITURE) 33,705 (36,464 ) (2,759 ) 76,786
Transfers between funds 18 (19,228 ) 19,228 - -
Net movement in funds 14,477 (17,236 ) (2,759 ) 76,786

RECONCILIATION OF FUNDS
Total funds brought forward 146,487 195,836 342,323 265,537

TOTAL FUNDS CARRIED FORWARD 160,964 178,600 339,564 342,323

Harvest Bible Chapel Glasgow (Registered number: SC363808)

Balance Sheet
31 March 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 6,416 283,001 289,417 251,728

CURRENT ASSETS
Stocks 12 500 - 500 500
Debtors 13 25,350 - 25,350 25,983
Cash at bank 138,105 64,094 202,199 211,405
163,955 64,094 228,049 237,888

CREDITORS
Amounts falling due within one year 14 (9,407 ) (70,482 ) (79,889 ) (38,819 )

NET CURRENT ASSETS 154,548 (6,388 ) 148,160 199,069

TOTAL ASSETS LESS CURRENT
LIABILITIES

160,964

276,613

437,577

450,797

CREDITORS
Amounts falling due after more than one year 15 - (98,013 ) (98,013 ) (108,474 )

NET ASSETS 160,964 178,600 339,564 342,323
FUNDS 18
Unrestricted funds:
General fund 160,964 146,487
Restricted funds:
Building fund 130,314 125,770
Salary fund - 62,593
Church planting fund 7,473 7,473
Church house fund 40,813 -
178,600 195,836
TOTAL FUNDS 339,564 342,323

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.



Harvest Bible Chapel Glasgow (Registered number: SC363808)

Balance Sheet - continued
31 March 2024

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 22 November 2024 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 2024

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 Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about the charity's ability to continue, and the Trustees believe the going concern basis of accountancy appropriate in preparing the annual 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 2024

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.

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.

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.

Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

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
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Donations 176,830 (9,112 ) 167,718 250,387
Gift aid 24,581 - 24,581 23,075
201,411 (9,112 ) 192,299 273,462

3. INVESTMENT INCOME
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Deposit account interest 2,188 - 2,188 333

4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£    £    £   
Main charitable activity 195,313 1,933 197,246

5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Trustees' remuneration etc 46,697 44,842
Staff costs 53,530 61,033
Rates and water 3,292 1,275
Insurance 5,978 5,189
Light and heat 8,333 15,648
IT & Telephone 6,326 4,803
Print, postage and stationery 194 241
Advertising - 1,487
Sundries 6,111 4,798
Equipment 8,307 15,468
Events and conferencing 16,173 8,923
Religious expenses 640 582
Staff training 2,250 5,211
Travel 6,353 6,561
Cleaning - 2,594
Carried forward 164,184 178,655

Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued
2024 2023
£    £   
Brought forward 164,184 178,655
Mission expenditure 13,433 -
Bank charges 165 -
Depreciation 10,299 11,219
Interest payable and similar charges 7,232 5,585
195,313 195,459

6. SUPPORT COSTS
Governance
costs
£   
Main charitable activity 1,933

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

Governance costs
2024 2023
Main
charitable Total
activity activities
£    £   
Examination fee 1,933 1,993

7. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 10,298 11,220

8. TRUSTEES' REMUNERATION AND BENEFITS
2024 2023
£    £   
Trustees' salaries 42,016 38,346
Trustees' social security 2,186 4,249
Trustees' pension contributions to money purchase schemes 2,495 2,247
46,697 44,842

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. STAFF COSTS
2024 2023
£    £   
Wages and salaries 87,670 90,238
Social security costs 7,279 10,269
Other pension costs 5,278 5,368
100,227 105,875

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

2024 2023
Senior Pastor 1 1
Admin 1 1
2 2

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

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 142,363 131,099 273,462

Charitable activities
Main charitable activity 443 - 443

Investment income 333 - 333
Total 143,139 131,099 274,238

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

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

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

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


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2023 274,997 - 37,741 9,758 322,496
Additions - 44,213 3,774 - 47,987
At 31 March 2024 274,997 44,213 41,515 9,758 370,483
DEPRECIATION
At 1 April 2023 30,710 - 30,303 9,755 70,768
Charge for year 5,499 - 4,799 - 10,298
At 31 March 2024 36,209 - 35,102 9,755 81,066
NET BOOK VALUE
At 31 March 2024 238,788 44,213 6,413 3 289,417
At 31 March 2023 244,287 - 7,438 3 251,728

12. STOCKS
2024 2023
£    £   
Stocks 500 500

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 24,581 23,075
Prepayments 769 2,908
25,350 25,983

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 16) 10,461 10,044
Social security and other taxes 2,435 -
Other creditors 3,413 23,246
Accrued expenses 63,580 5,529
79,889 38,819


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 16) 98,013 108,474

16. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Other loans 10,461 10,044
Amounts falling between one and two years:
Other loans - 1-2 years 10,877 10,461
Amounts falling due between two and five years:
Other loans - 2-5 years 35,362 33,973
Amounts falling due in more than five years:

Repayable by instalments:
Other loans more 5yrs instal 51,774 64,040

The above loan is repayable over 15 years at 7.5% interest per annum.

17. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 108,474 118,518

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

18. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.23 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 146,487 33,705 (19,228 ) 160,964

Restricted funds
Building fund 125,770 (12,732 ) 17,276 130,314
Salary fund 62,593 (62,593 ) - -
Church planting fund 7,473 - - 7,473
Church house fund - 38,861 1,952 40,813
195,836 (36,464 ) 19,228 178,600
TOTAL FUNDS 342,323 (2,759 ) - 339,564

Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

18. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 203,599 (169,894 ) 33,705

Restricted funds
Building fund - (12,732 ) (12,732 )
Salary fund (47,973 ) (14,620 ) (62,593 )
Church house fund 38,861 - 38,861
(9,112 ) (27,352 ) (36,464 )
TOTAL FUNDS 194,487 (197,246 ) (2,759 )


Comparatives for 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

Comparative 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 2024

18. MOVEMENT IN FUNDS - continued

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

Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.24
£    £    £    £   
Unrestricted funds
General fund 143,915 51,510 (34,461 ) 160,964

Restricted funds
Building fund 121,622 (23,817 ) 32,509 130,314
Church planting fund - 7,473 - 7,473
Church house fund - 38,861 1,952 40,813
121,622 22,517 34,461 178,600
TOTAL FUNDS 265,537 74,027 - 339,564

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 346,738 (295,228 ) 51,510

Restricted funds
Building fund - (23,817 ) (23,817 )
Salary fund 75,653 (75,653 ) -
Church planting fund 7,473 - 7,473
Church house fund 38,861 - 38,861
121,987 (99,470 ) 22,517
TOTAL FUNDS 468,725 (394,698 ) 74,027

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.

Church house fund - To receive income for purposes of restoring, refurbishing, or altering the church house.


Harvest Bible Chapel Glasgow

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

18. MOVEMENT IN FUNDS - continued

Transfers between funds

During the year to 31 March 2024, a sum of £17,276 was transferred from the unrestricted General Fund to the restricted Building Fund. A further £1,952 was transferred from the unrestricted general fund to the Church house fund.

19. RELATED PARTY DISCLOSURES

During the period under review S G Hamilton, who is a Trustee, received remuneration of £42,016 (2023 - £38,346) and employer pension contributions of £2,495 (2023 - £2,247) for providing his services as Senior Pastor.

Trustees' donations

During the period, the aggregate amount of donations made by Trustees was £15,955 (2023 - £15,930).