2020-12-31-accounts - World Harvest Christian Centre

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WORLD HARVEST CHRISTIAN CENTRE

Financial Accounts Directors and Trustees Report 31[st] December 2020

Charity No. 1048925

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

ADDRESS

WHCC

Cobden Road London SE25 5NX

REGISTERED CHARITY NUMBER 1048925

TRUSTEES

Deaconess Damaris James Pastor Adegboyega Carew Brother Oluwasegun Akinola Olaniregun Minister Edward Olabode

PASTOR AND MINISTER-IN-CHARGE

Rev Wale Babatunde

BANKERS

HSBC Bank The Royal Bank of Scotland Plc 47 Rye Lane 62/63 Threadneedle Street London London SE5 8RP EC2R 8LA

ACCOUNTANTS

O Olasode BSc MSc MBA AIPSM FCCA PhD Chartered Certified Accountant 1 Copers Cope Road Beckenham London BR3 1NB

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

TRUSTEES’ REPORT 2020

Status and Administration

The Charity is constituted and registered with the Charity Commission under charity number 1048925.

The trustees confirm that the annual report and financial statements comply with the current statutory requirements, the requirements of the governing document and the provisions of the Financial Reporting Standards and applicable accounting standards.

Charitable Objects

The objects are:

The advancement of the Christian Faith in accordance with the Statement of Beliefs
To relieve person who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby
To advance education of such means as the Trustees may consider appropriate Governance and Internal Control

Trustees serve for a year period and may be re-elected. The trustees meet regularly during the year including week-end meeting to review the strategy and performance and to set the operating plans and budgets.

Financial Activities and Results

The total incoming resources for the year amounted to £90,672 (2019 year 73,774 ) leading to a total funds carried forward of £ 1,189,081 as at 31st December 2020.

Investment Powers, Policy and Performance

The memorandum and articles of association, which states clear guidelines on investments policy, governs the directors’ and trustees’ investments powers.

Reserves

The trustees have forecast the level of free reserves ( that is those funds not tied up in fixed assets, and designated as restricted funds) that the charity will require to sustain its operations over the period when it is anticipated that some of the income generating activities will be further funded to gather more income.

Volunteers

The Charity is grateful for the unstinting effort of its volunteers who are involved in service provision. Members are given the free will, without any form of coercion, to determine their form and level of support, manually or financially to the charity.

Grant Making Policy

1) The Organisation works in the UK continues in the following places -LONDON, MANCHESTER, SOUTHEND ON SEA, AND BOLTON. Apart from the above, the same period outreaches were conducted in different parts of the UK, sometimes in collaboration with other Charities and individuals.

2) Work in CANADA continues.
3) MISSION TO ABUJA WAS PERHAPS OUR MOST STRATEGIC WORK. WE ESTABLISHED A CHURCH. WE HAD REGULAR RADIO AND TELEVISION PROGRAMMES AND INTERVIEWS. WE HAD SEVERAL NATIONAL TRANSFORMATION PROGRAMMES AND LEADERSHIP DEVELOPMENT INITIATIVES.

The Organisation was regularly distributing materials including ESSENTIALS CLOTHING AND FINANCIAL EMPOWERMENT TO INDIVIDUALS. With the help of one of our Trustees and 805 Restaurant in Abuja, we fed the less privileged every week.

4) WHCC Outreaches are Missions and Leadership Development took place in Ghana, India, USA, C'ote D' Ivoire during the year.
5) The Organisation embarked on Outreach to Tertiary Institutions both in Nigeria and Ghana

The organisation continues to support the Education in Liberia and as at today, we have a Landed Property which is being shared by the Church and the School.

The following arms of the Ministry in the UK also carried out some activities as stated below:

MANCHESTER BRANCH

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

We also run a back-to-work Scheme as an Empowerment Programme in Manchester.

On daily basis we run coffee Morning activities in our Manchester Branch. Part of our obligations is the visiting of Elderly Homes.

Some Communities activities that Manchester Branch engaged with were as follows:

1) Marriage enrichment programme and Marriage discipleship Programme with bible based outline aimed at strengthen and restoration marriages

2). Back to work program ran in conjunction with Forever Manchester.

Programme helped unemployed people back to work, by helping them with their CVs, job search and basic computer skills.

3). Youth Club - we operated a local youth recreation centre. Where we provided table tennis and badminton games.

4) Operated a few Saturday supplementary school for grammar school entrance exam and GSCE exams.
5) Our Centre host the East Manchester mental health peer to peer support group every Monday of which most of them were done virtually due Covid-19 lockdown.
6) Community Food Bank.

Saturday School (Supplementary School for 11 plus preparation classes and Mathematics and Science classes for High School Students.

SOUTH NORWOOD BRANCH :

Ø Food bank on a fortnightly basis every month (Every Two weeks). Feeding on average 110 clients every month. This is a service provided not only for members within the 5 mile radius of the church, we also support other ministries by apportioning them some of our produce to give to those within their community within the SE1 5QH vicinity, an area that is outside of the 5mile radius of our branch

Ø Pastoral service to those within the community who are not members of the church. Duties such as counselling, burial services, etc.

Ø Providing items of clothing to the Abuja branch in Nigeria for distribution to Internally Displaced People (IDPs)

Ø During the summer of 2021, we had a week of summer school, whereby we provided summer schooling for members with the community and provided lunch for them.

Ø Financial sponsorship for a child in Abuja to attend school.

SOUTHEND AND BOLTON BRANCHES

The two arms of the Ministry also did their regular mid-week and Sunday services which were online and few online outreach programmes were observed in order to keep the faith during the lockdown.

Duties

Some of the strategies adopted to meet our objectives include:

Regular planning meeting of the trustees
Regular meetings with the members of the church
Evangelism and Training
Holding events in the communities (youth programmes)
Reaching out to the less-privileged through donations to worthwhile courses in the community • Support, caring and nurturing the
members of the church. O A OLANIREGUN

Approved by the directors on ………………………………….. and signed on its behalf by:

Name of Person ----------------------------------------------------- 30th October, 2021 Director -------------------------------------------------------

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

ACCOUNTANTS’ AND INDEPENDENT EXAMINER’S REPORT

I report on the accounts of the charity for the year ended 31[st] December 2020, as are set out on pages 6 to 11.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 43 of the 1993 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

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 386 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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.

O Olasode BSc MSc MBA AIPSM FCCA PhD Chartered Certified Accountant

Date

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

Incoming Resources Incoming Resources From Generated Funds Voluntary Income Investment Income Interest income COVID Grant Other incoming resources Total Incoming Resource Resources Expended Cost of generating funds Charitable activities Governance costs Total Resources Expended Net Incoming/(Outgoing) Resources Net Movements for the Year Total Funds Brought Forward Total Funds Carried Forward	2020 2020 2020 2019 Manchester South-end Bolton Restricted Unrestricted Total Total £ £ £ 60,029 9,936 6,607 - 76,572 76,572 67,448 - - - - - - - - - 7,600 - - - 7,600 7,600 6,500 - - - 6,500 6,500 6,326
	74,129 9,936 6,607 - 90,672 90,672 73,774 16,841 10,877 20 - 27,738 27,738 18,205 45,558 5,366 4,701 - 55,625 55,625 42,545
	62,399 16,243 4,721 - 83,363 83,363 60,750 11,729 -6,307 1,886 - 7,309 7,309 13,024
	11,729 -6,307 1,886 - 7,309 7,309 13,024 - 1,181,772 1,181,772 1,168,748
	- 1,189,081 1,189,081 1,181,772

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

CONSOLIDATED BALANCE SHEET

2020 £ 406,176 905,955 18,263	2020 £ 106,004	2019 £ 414,143 903,455 14,932	2019 £ 883,078 115,449
924,218 35,309		918,387 35,309
888,909
	1,189,081		1,181,772
	1,189,081		1,181,772
	1,189,081		1,181,772

For the financial year 31 December 2020 the company was entitled to exemption from audit 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 year 31 December 2018 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.

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

Approved by the Board of Directors and Trustees on ……………………………………….. and signed on their behalf

Name of Person ----------------------------------------------------Director -------------------------------------------------------

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(A) Accounting Convention & Compliance These accounts have been drawn up on the basis of a going concern and the financial statements prepared under the historical cost convention in accordance with applicable Standards, Financial Reporting Standards and the Charities Acts 1992 & 1993. The statements comply with best practice and reflect the requirements of the revised Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005)

(B) Recognition of Income and Expenditure Income and Expenditure are recognised on an accrual basis. Donations and legacies are accounted for as received and accrued only when a value can be established before payment is received. Resources expended for both charitable activities and governance costs are apportioned 85% to charitable activities and 15% to governance costs.

General Fund

Revenue grants and other income and expenditure associated with the general operations of the charity and its international projects are dealt with in the General Fund.

Restricted Fund

These comprise donations, legacies or other income, the use of which has been specified by the donor. There is currently no restricted fund. Endowment Fund There is currently no endowment fund. (C) Depreciation All fixed assets over £1,000 are capitalised. The charge for depreciation is calculated to write off the cost of the fixed assets over their useful lives on the following bases:

Office & Musical Equipment	25% on the reducing balance
Furniture & fittings	25% on the reducing balance
Freehold Office	1% on the Straight Line Method

Assets are depreciated from the time at which they are brought into use.

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2020

2. TANGIBLE FIXED ASSETS

COST: AT 01/01/2020 At 31/12/2020 DEPRECIATION: At 01/01/2020 Disposal Charge for the year At 31/12/2020 NET BOOK VALUE: At 31/12/2020 At 31/12/2019	Freehold Properties £ 452,138 452,138 51,779 4,521 56,300 395,838 400,359	Office Equipment £ 47,680 47,680 41,821 1,465 43,286 4,395 5,859	Musical Equipment £ 31,932 31,932 31,708 56 31,764 168 224	Furniture £ 29,655 29,655 21,955 1,925 23,880 5,775 7,700	TOTAL
					£ 561,405
					561,405
					147,263 7,967
					155,230
					406,176
					414,143

3. CREDITORS- Within one year Wellers Law Group Ajoku E.C. Accruals and deferred income Trade Creditors 4. CREDITORS- Due after one year Mortgage Loans - 2 - 5 years Architects Building Drawing	2020 2019 £ £ 31,641 31,641 700 700 2,768 2,768 200 200
	35,309 35,309
	2020 2019 £ £ 90,004 99,449 16,000 16,000
	106,004 115,449

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

5. DEBTORS

5. DEBTORS
Command Prayer Debtors (Property) Other Debtors Detailed Statement of Financial Activities £ Voluntary Income Tithes and Offerings Gift Aid Saving Income COVID Grant Investment Income Rent received Insurance Other Income Total Incoming Resources Resources Expended Charitable Activities Transfer Donations and Welfare Missions Honorarium Project Events Media ¤ Governance Cost Legal and professional fees - Support and Management Costs Salaries and wages PAYE NEST Pastor allowance Rent and rate Telephone and Internet Lighting and heating Entertainment & Hospitality Insurance Travel and accommodation Depreciation	2020 2019 £ £ 4,000 4,000 898,155 898,155 3,800 1,300 905,955 903,455 2020 2019 Manchester South-end Bolton Total Total £ £ £ £ £ 49,046 9,936 6,607 65,589 67,448 10,983 - - 10,983 - 7,600 - - 7,600 - 5,000 - - 5,000 6,000 1,500 - - 1,500 - - - - - 326
	74,129 9,936 6,607 90,672 73,774 - - 10,970 8,045 - 19,015 16,155 3,900 1,600 - 5,500 - 250 - 20 270 2,050 - - - 1,680 1,232 - 2,913 - 40 - 40 -
	16,840 10,877 20 27,738 18,205 - - - - 10,983 1,300 - 12,283 - - - - - - - - - - - - - - 1,085 - - 1,085 1,075 6,077 - - 6,077 11,584 - - - - 629 - - 629 1,400 2,030 41 - 2,071 2,785 6,429 1,115 422 7,967 11,434
	27,234 2,456 422 30,112 28,278

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2020

Finance Mortgage & Loan interest Bank charges Others Repairs & Renewals Printing, Postage & Stationery Computers & Consumables Sundry Council Tax Rent Equipment Admin / Office expenses Total Resources Expended Net Income/ Expenditure	4,090 - - 4,090 3,581 670 148 79 897 476
	4,760 148 79 4,987 4,057 9,112 - - 9,112 2,850 31 - - 31 - - - - - - 593 298 50 941 147 - - 1,790 3,680 5,470 6,605 40 98 - 138 436 3,788 576 470 4,834 173 13,564 2,762 4,200 20,526 10,211
	62,399 16,243 4,421 83,363 60,750
	11,729 -6,307 1,886 7,309 13,024