2021-12-31-accounts - World Harvest Christian Centre

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WORLD HARVEST CHRISTIAN CENTRE

Financial Accounts Directors and Trustees Report 31[st] December 2021

Charity No. 1048925

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

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

Dr .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 2021

TRUSTEES’ REPORT 2021

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 £93,952 (2020 year 90,672) leading to a total funds carried forward of £ 1,203,030 as at 31st December 2021.

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:

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

MANCHESTER BRANCH

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 Saturdays’ 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.

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

OLUWASEGUN AKINOLA OLANIREGUN

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

Trustee 21ST October 2022 Director ------------------------------------------------------- /Trustee

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

ACCOUNTANTS’ AND INDEPENDENT EXAMINER’S REPORT

I report on the accounts of the charity for the period ended 31December 2021 as are set out on pages 6 to 14.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act

Independent examiner’s statement

I am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants (ACCA) and Fellow of the Association (FCCA).

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dr Olu Olasode FCCA Chartered Certified Accountant TL First Accountants Limited TL First Limited

Date:

Date

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Incoming Resources Incoming Resources from Generated Funds Voluntary Income Grant 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	2021 2021 2021 2020 Manchester South-end Bolton Restricted Unrestricted Total Total 59,846 14,642 7,464 - 81,952 81,952 76,572 5,000 5,000 5,000 - - - - - - - - - - - - - - - - 7,600 7,000 - - - 7,000 7,000 6,500
	71,846 14,642 7,464 - 93,952 93,952 90,672 23,586 5,097 1,600 - 30,282 30,283 27,738 38,042 4,078 7,599 - 49,720 53,119 55,625
	61,628 9,175 9,199 - 80,002 80,002 83,363 10,218 5,468 -1,736 - 13,950 13,950 7,309
	10,218 5,468 -1,736 - 13,950 13,950 7,309 925,302 263,778 1,189,080 1,181,772
	925,302 277,728 1,203,030 1,189,081

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

2021 £ 399,069 906,455 28,178	2021 £ (3,968) (95,065)	2020 £ 406,176 905,955 18,263	2020 £ (35,309)
934,633 930,665		924,218 888,909
			(106,004)
	1,234,669		1,189,081
	925,302 309,367		925,302 263,779
	1,234,669		1,189,081

For the financial year 31 December 2021, 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 2021 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.

21ST October 2022

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

OLUWASEGUN AKINOLA OLANIREGUN

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

Director ------------------------------------------------------- /Trustee

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2021

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 2015)

(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 2021

NOTES TO THE FINANCIAL STATEMENTS – 31 DECEMBER 2021

2. TANGIBLE FIXED ASSETS

2. TANGIBLE FIXED ASSETS
COST: AT 01/01/2021 At 31/12/2021 DEPRECIATION: At 01/01/2021 Disposal Charge for the year At 31/12/2021 NET BOOK VALUE: At 31/12/2021 At 31/12/2020	Freehold Properties £ 452,138 452,138 56,300 4,521 60,821 391,317 395,838	Office Equipment £ 47,680 47,680 43,286 1,099 44,385 3,296 4,394	Musical Equipment £ 31,932 31,932 31,764 42 31,806 126 168	Furniture £ 29,655 29,655 23,880 1,444 25,324 4,331 5,775	TOTAL
					£ 561,405
					561,405
					155,230 7,106
					162,336
					399,069
					406,175

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	2021 2020 £ £ - 31,641 700 700 2,768 2,768 500 200
	3,968 35,309
	2021 2020 £ £ 79,065 90,004 16,000 16,000
	95,065 106,004

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

5. DEBTORS Debtors (Property) Command Prayer Other Debtors Detailed Statement of Financial Activities £ Voluntary Income Tithes and Offerings Gift Aid Grant Saving Income COVID Grant 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 Insurance Travel and accommodation Depreciation Mortgage & Loan interest Bank charges	2021 2020 £ £ 898,155 898,155 4,000 4,000 4,300 3,800 906,455 905,955 2021 2020 Manchester South-end Bolton Total Total £ £ £ £ £ 59,846 14,642 7,464 81,952 65,589 - - - 10,983 5,000 5,000 - - - - - 7,600 7,000 7,000 5,000 - - - - 1,500 - - - - -
	71,846 14,642 7,464 93,952 90,672 - - 15,200 4,000 1,500 20,700 19,015 2,400 327 - 2,727 5,500 1,150 700 100 1,950 270 - - - 4,836 70 - 4,906 2,913 - - - 40
	23,586 5,097 1,600 30,283 27,738 - - - - - 1,000 - 1,000 12,283 - - - - - - - - - - - - - 1,583 - 1,583 1,085 4,824 - 4,824 6,077 1,161 - 1,161 629 2,532 90 - 2,622 2,071 5,734 994 377 7,105 7,967
	15,834 2,084 377 18,295 30,112
	2,211 - - 2,211 4,090 1,983 93 79 2,155 897
	4,194 93 79 4,366 4,987

WORLD HARVEST CHRISTIAN CENTRE STATUTORY FINANCIAL STATEMENTS AND TRUSTEES REPORT YEAR ENDED 31 DECEMBER 2021

Others Repairs & Renewals Printing, Postage & Stationery Sundry Council Tax Rent Equipment Admin / Office expenses Total Resources Expended Net Income/ Expenditure	11,745 - - 11,745 9,112 - - - - 31 442 100 - 542 941 - - 1,500 6,970 8,470 5,470 1,194 - - 1,194 138 4,633 300 174 5,107 4,834 18,014 1,900 7,144 27,059 20,526
	61,628 9,174 9,200 80,002 83,363
	10,218 5,468 -1,736 13,950 7,309