CHARITY NUMBER: 1082083 HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pages Trustees, Annual Report 2-6 Independent Examiner's Report ReiptS and Payment Accounts Statement of Assets and Liabilities Notes to the Financial Statements 10-11
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATION DETAILS: CHARITY NAME: House of Hope Calvary Christian Centre REGISTERED CHARITY NO: 1082083 TRUSTEES: Rev Olufemi Oyewusi Babatola (Chair) Christiana Adanri Temitope Awolaja Taiyelolu Oyinlola Oyedeji Ishola CHURCH TREASURER: Mrs C.0. Adanri PRINCIPAL ADDRESS: 56 Hartville Road Plumstead London SE18 1DQ BANKERS.. Barclays Bank PLC INDEPENDENT EXAMINER: Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Ltd 20-22 Wenlock road London N17GU STRUCTURE, GOVERNANCE AND MANAGEMENT The Charitable Organisation was registered on 18 August 2000 and is govemed by Constitution.
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT FOR THE PERIOD 01 APRIL 2024 to 31 MARCH 2025 (continued) The Church Trustees present their annual report and the accounts for the period 12 months from 01 April 2024 to 31 Mar 2025. OBJECTIVES AND ACTIVITIES OBJECTIVES The objective of this charity is to advance the Christian Faith for the benefit of the public by the pronouncement of the gospel of Jesus Christ and the provision of religion services to the public in accordance with the statements of belief of the House of Hope Calvary Christian Centre. PRINCIPAL ACTIVITIES The church operated as a Charitable Organisation offering religious seminars and administration in the period under review. The Church is governed by the Board of Trustees that is responsible for policies, strategies, activities and setting out the administrative structure for running the Charity. The Trustees continued to meet during the year and reviewed the strategy for the church going forward. Works for the refurbishment of the church have progressed with just a few left to be completed in the coming year. The delay was due to a response because of an inspection action which was outstanding and should be remedied soon. It is good to note that external works to improve the security of the church building was commissioned and completed during the year. This has reduced further anti-social behaviour since then. The spiritual focus of the Church has continued to be based on a 4-stage model which the Lord gave to us few years ago. The stages are". 1. Growth 2. Consolidation I strengthening I structure (putting things in pla to sustain the healthy growth) 3. Maturity (Spiritually and emotionally) 4. Release (Sending people on missions and other release) We are currently in between stages two & three to promote healthy and sustainable growth. There has been more focus on being healthy and mature in this season. We continue to have our services in a hybrid model with both physical and online attendan on zoom. Weekday meetings are held online only as this is enabling more brethren to attend as they do not have to travel physically to attend these meetings.
The structure we have is to promote healthy growth, conversations, and contributions and to get to where God wants us to be. By God's gra we look forward to starting weekly meetings in 2029. As we continue to live stream our services, we are looking at our digital strategy to increase our presence on social media but with a difference so as to reach out more to the community. Despite the difficult and challenging economic teain due to cost-of-living crisis etc, income in total from tithes and offering and gift aid increased by 20h from £70,428 in 2023-24 to £71,721 in 2024-25. There was a 700k decrease in expenditure from £159.423 in 2023-24 to £47.177 in 2024-25. We continue to dream and look fopward to all that God is doing and will do in and through His Church. Reserves The Board of Trustees considers that there are sufficient reserves held at the year end to mitigate any downturn in future income. Both positive movements in income and expenditure have contributed to a net increase of £24,545 to the resep4es in 2024-25. The total unrestricted reserve at year end was £155,396 which is an increase of £24,544 from the period previous (£130,850). It is also good to note that the church has continued to remain debt free this year. Trustees also consider that the Charity has adequate resources to continue in operation for the near future. We thank God for what he has done for us. what he is doing and what the future holds. To God be all the Glory. TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Report and Financial Statements in accordance with applicable law and regulations. In preparing these financial ststements. the trustees are required to.. a) select suitable accounting policies and then apply them consistently. b) observe the methods and principles in the Charities SORP, c) make judgements and accounting estimates that are reasonable and prudent; d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements" and e) prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Church will continue in operation.
that the financial St8teffnts cornpty ¥th the Chaiities Ads 2011. They are also reSpoNe for safeguarding the assets of the Chanty and hence f¢x tsking reasonaNe s for the prevention and detedion of fraud end otlw irregularthes. Aoproved by the Board ofTnkn on Lt- e i- giij prsned By: Rev Olufemi (U51 Babatola (Chair) On behalfof TfUSt8es of of Hope Cvary Christlaft Centre
INDEPENDENT EXAMINER'S REPORT Independent Examiner's Report to the trustees of The House of Hope Calvary Christian Centre Charity no. 1082083. I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2025. Responsibilities and basis of report The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the above charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement (11 I have completed my examination. I confirm that no material matters have come to my attention which in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act" or the accounts do not accord with the accounting records. (2) I have no concems 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. Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Limited 20-22 Wenlock Road, London Nl 7GU Date: 29 January 2026
HOUSE OF HOPE CALVARY CHRISTIAN cwfRE RECEIPTS ANO PAYIIENTS ACCOUNTS FOR THE YEAR ENDED 31 IdARCH 2Q25 Toi81 Unresutted F Fund5 Y•ar Ended 31 IAar 2025 31 Mar 2024 RECFJprs Grft M (fax Refimd) 56,135 13.572 1014 $4.661 14.118 1.649 Tlxai R•ce•pts 71.721 70.428 PAYIEKrs 12.600 1427 1180 581 2.702 3.789 3.700 Rent & R* Gtfts Light. Heal and Water Tltrbe of Tths 3.$90 &052 47.171 4.321 S.313 45297 -114.127 Purchas• of Fixed Assets otal Payffjeiits 47.1n -159.424 Net &Jrplwl(Delklt> oft AGKvkkn) 24644 Cash fuNts last year bm la062 219,848 Cash funds thi5 perd eff 15S.398 130.852
HOUSE OF HOPE CALVARY CHRISTIAN CEKfRE STATEMENT OF ASSEfs AND UABILMES FOR THE YEAR ENDED 31 MARCH 2025 TiyfL 4•t31 Mw2024 Il¢tss A•at3111¥202S 8.252 149.144 123.558 eudtr 1250.730 1278.049 11447 Told FIK•d A•wts Approved by the Board ofTntstees on X? (- XL Signed By: Rev Olufemi Babatola Chalr Mrs C O Adanri ¢hurch Treasurnr
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of accountin The Financial Statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the requirements of the Charities Act 2011 using the Receipts and Payments basis. Cash Flow The accounts do not include a Cash Flow Statement because the organisation as a small reporting entity is exempt from the requirement to prepare such statement under the Financial Reporting Standard l-CashFIow Standard. Tan ible Fixed Assets Depreciation is provided on all tangible fixed assets at rates calculated to write off the difference between cost and it's expected residual value over its estimated useful life as follows.. Office equipment Fixtures, Furniture & Fittings Musical Equipment Motor Vehicle Building -15 % Straight Line -100A Straight Line -15 % Straight Line -150k Straight Line -5 % Straight Line 2 FUNDS All funds in the period are Unrestricted. 3 COLLECTION & VOLUNTARY OFFERINGS Collection from tithes, and voluntary offering accounted for the whole of Total Income. 4 TAX RECLAIM (GIFT AID) £13,572 Gift Aid Tax has been claimed in the year under review (2024 £14,118). 5 SURPLUSI(DEFICIT) OF INCOME OVER EXPENDITURE The accounting year ended 31 March 2025. income exeded expenditure by £24,544 (2023 Deficit £88,996). No Depreciation charge included in year ended 31 March 2025 & 2024 as the Church accounts using Receipts & Payment Basis. io
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 6. GOING CONCERN All the Charity operations are classed as continuing. 7. FIXED ASSETS FurnIre and Office Musical Buildlng Fittings Equiprnent Equipment Total 1,365,959 4.111 24.330 3,277 1,397,677 Cost Balan P£qusibons Disposalsmrite Offs Balante Date 0110412024 3110312025 1.365.959 4.111 24,330 3.277 1.397,677 cumulated Depreaalion Balance Disposalslwrite Offs Charge for the Year Balance 0110412024 87,910 4.111 11,883 489 104.393 27.319 115.229 3.650 15.533 492 31,460 981 135,853 3110312025 Net Book Value Net Book Value 3110312025 3110312024 1.250,730 1.278.049 8.798 12,447 2.296 1.261,824 2.788 1.293,284 li
CHARITY NUMBER: 1082083 HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pages Trustees, Annual Report 2-6 Independent Examiner's Report ReiptS and Payment Accounts Statement of Assets and Liabilities Notes to the Financial Statements 10-11
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATION DETAILS: CHARITY NAME: House of Hope Calvary Christian Centre REGISTERED CHARITY NO: 1082083 TRUSTEES: Rev Olufemi Oyewusi Babatola (Chair) Christiana Adanri Temitope Awolaja Taiyelolu Oyinlola Oyedeji Ishola CHURCH TREASURER: Mrs C.0. Adanri PRINCIPAL ADDRESS: 56 Hartville Road Plumstead London SE18 1DQ BANKERS.. Barclays Bank PLC INDEPENDENT EXAMINER: Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Ltd 20-22 Wenlock road London N17GU STRUCTURE, GOVERNANCE AND MANAGEMENT The Charitable Organisation was registered on 18 August 2000 and is govemed by Constitution.
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT FOR THE PERIOD 01 APRIL 2024 to 31 MARCH 2025 (continued) The Church Trustees present their annual report and the accounts for the period 12 months from 01 April 2024 to 31 Mar 2025. OBJECTIVES AND ACTIVITIES OBJECTIVES The objective of this charity is to advance the Christian Faith for the benefit of the public by the pronouncement of the gospel of Jesus Christ and the provision of religion services to the public in accordance with the statements of belief of the House of Hope Calvary Christian Centre. PRINCIPAL ACTIVITIES The church operated as a Charitable Organisation offering religious seminars and administration in the period under review. The Church is governed by the Board of Trustees that is responsible for policies, strategies, activities and setting out the administrative structure for running the Charity. The Trustees continued to meet during the year and reviewed the strategy for the church going forward. Works for the refurbishment of the church have progressed with just a few left to be completed in the coming year. The delay was due to a response because of an inspection action which was outstanding and should be remedied soon. It is good to note that external works to improve the security of the church building was commissioned and completed during the year. This has reduced further anti-social behaviour since then. The spiritual focus of the Church has continued to be based on a 4-stage model which the Lord gave to us few years ago. The stages are". 1. Growth 2. Consolidation I strengthening I structure (putting things in pla to sustain the healthy growth) 3. Maturity (Spiritually and emotionally) 4. Release (Sending people on missions and other release) We are currently in between stages two & three to promote healthy and sustainable growth. There has been more focus on being healthy and mature in this season. We continue to have our services in a hybrid model with both physical and online attendan on zoom. Weekday meetings are held online only as this is enabling more brethren to attend as they do not have to travel physically to attend these meetings.
The structure we have is to promote healthy growth, conversations, and contributions and to get to where God wants us to be. By God's gra we look forward to starting weekly meetings in 2029. As we continue to live stream our services, we are looking at our digital strategy to increase our presence on social media but with a difference so as to reach out more to the community. Despite the difficult and challenging economic teain due to cost-of-living crisis etc, income in total from tithes and offering and gift aid increased by 20h from £70,428 in 2023-24 to £71,721 in 2024-25. There was a 700k decrease in expenditure from £159.423 in 2023-24 to £47.177 in 2024-25. We continue to dream and look fopward to all that God is doing and will do in and through His Church. Reserves The Board of Trustees considers that there are sufficient reserves held at the year end to mitigate any downturn in future income. Both positive movements in income and expenditure have contributed to a net increase of £24,545 to the resep4es in 2024-25. The total unrestricted reserve at year end was £155,396 which is an increase of £24,544 from the period previous (£130,850). It is also good to note that the church has continued to remain debt free this year. Trustees also consider that the Charity has adequate resources to continue in operation for the near future. We thank God for what he has done for us. what he is doing and what the future holds. To God be all the Glory. TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Report and Financial Statements in accordance with applicable law and regulations. In preparing these financial ststements. the trustees are required to.. a) select suitable accounting policies and then apply them consistently. b) observe the methods and principles in the Charities SORP, c) make judgements and accounting estimates that are reasonable and prudent; d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements" and e) prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Church will continue in operation.
that the financial St8teffnts cornpty ¥th the Chaiities Ads 2011. They are also reSpoNe for safeguarding the assets of the Chanty and hence f¢x tsking reasonaNe s for the prevention and detedion of fraud end otlw irregularthes. Aoproved by the Board ofTnkn on Lt- e i- giij prsned By: Rev Olufemi (U51 Babatola (Chair) On behalfof TfUSt8es of of Hope Cvary Christlaft Centre
INDEPENDENT EXAMINER'S REPORT Independent Examiner's Report to the trustees of The House of Hope Calvary Christian Centre Charity no. 1082083. I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2025. Responsibilities and basis of report The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the above charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement (11 I have completed my examination. I confirm that no material matters have come to my attention which in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act" or the accounts do not accord with the accounting records. (2) I have no concems 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. Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Limited 20-22 Wenlock Road, London Nl 7GU Date: 29 January 2026
HOUSE OF HOPE CALVARY CHRISTIAN cwfRE RECEIPTS ANO PAYIIENTS ACCOUNTS FOR THE YEAR ENDED 31 IdARCH 2Q25 Toi81 Unresutted F Fund5 Y•ar Ended 31 IAar 2025 31 Mar 2024 RECFJprs Grft M (fax Refimd) 56,135 13.572 1014 $4.661 14.118 1.649 Tlxai R•ce•pts 71.721 70.428 PAYIEKrs 12.600 1427 1180 581 2.702 3.789 3.700 Rent & R* Gtfts Light. Heal and Water Tltrbe of Tths 3.$90 &052 47.171 4.321 S.313 45297 -114.127 Purchas• of Fixed Assets otal Payffjeiits 47.1n -159.424 Net &Jrplwl(Delklt> oft AGKvkkn) 24644 Cash fuNts last year bm la062 219,848 Cash funds thi5 perd eff 15S.398 130.852
HOUSE OF HOPE CALVARY CHRISTIAN CEKfRE STATEMENT OF ASSEfs AND UABILMES FOR THE YEAR ENDED 31 MARCH 2025 TiyfL 4•t31 Mw2024 Il¢tss A•at3111¥202S 8.252 149.144 123.558 eudtr 1250.730 1278.049 11447 Told FIK•d A•wts Approved by the Board ofTntstees on X? (- XL Signed By: Rev Olufemi Babatola Chalr Mrs C O Adanri ¢hurch Treasurnr
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of accountin The Financial Statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the requirements of the Charities Act 2011 using the Receipts and Payments basis. Cash Flow The accounts do not include a Cash Flow Statement because the organisation as a small reporting entity is exempt from the requirement to prepare such statement under the Financial Reporting Standard l-CashFIow Standard. Tan ible Fixed Assets Depreciation is provided on all tangible fixed assets at rates calculated to write off the difference between cost and it's expected residual value over its estimated useful life as follows.. Office equipment Fixtures, Furniture & Fittings Musical Equipment Motor Vehicle Building -15 % Straight Line -100A Straight Line -15 % Straight Line -150k Straight Line -5 % Straight Line 2 FUNDS All funds in the period are Unrestricted. 3 COLLECTION & VOLUNTARY OFFERINGS Collection from tithes, and voluntary offering accounted for the whole of Total Income. 4 TAX RECLAIM (GIFT AID) £13,572 Gift Aid Tax has been claimed in the year under review (2024 £14,118). 5 SURPLUSI(DEFICIT) OF INCOME OVER EXPENDITURE The accounting year ended 31 March 2025. income exeded expenditure by £24,544 (2023 Deficit £88,996). No Depreciation charge included in year ended 31 March 2025 & 2024 as the Church accounts using Receipts & Payment Basis. io
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 6. GOING CONCERN All the Charity operations are classed as continuing. 7. FIXED ASSETS FurnIre and Office Musical Buildlng Fittings Equiprnent Equipment Total 1,365,959 4.111 24.330 3,277 1,397,677 Cost Balan P£qusibons Disposalsmrite Offs Balante Date 0110412024 3110312025 1.365.959 4.111 24,330 3.277 1.397,677 cumulated Depreaalion Balance Disposalslwrite Offs Charge for the Year Balance 0110412024 87,910 4.111 11,883 489 104.393 27.319 115.229 3.650 15.533 492 31,460 981 135,853 3110312025 Net Book Value Net Book Value 3110312025 3110312024 1.250,730 1.278.049 8.798 12,447 2.296 1.261,824 2.788 1.293,284 li
CHARITY NUMBER: 1082083 HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pages Trustees, Annual Report 2-6 Independent Examiner's Report ReiptS and Payment Accounts Statement of Assets and Liabilities Notes to the Financial Statements 10-11
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATION DETAILS: CHARITY NAME: House of Hope Calvary Christian Centre REGISTERED CHARITY NO: 1082083 TRUSTEES: Rev Olufemi Oyewusi Babatola (Chair) Christiana Adanri Temitope Awolaja Taiyelolu Oyinlola Oyedeji Ishola CHURCH TREASURER: Mrs C.0. Adanri PRINCIPAL ADDRESS: 56 Hartville Road Plumstead London SE18 1DQ BANKERS.. Barclays Bank PLC INDEPENDENT EXAMINER: Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Ltd 20-22 Wenlock road London N17GU STRUCTURE, GOVERNANCE AND MANAGEMENT The Charitable Organisation was registered on 18 August 2000 and is govemed by Constitution.
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE TRUSTEES, ANNUAL REPORT FOR THE PERIOD 01 APRIL 2024 to 31 MARCH 2025 (continued) The Church Trustees present their annual report and the accounts for the period 12 months from 01 April 2024 to 31 Mar 2025. OBJECTIVES AND ACTIVITIES OBJECTIVES The objective of this charity is to advance the Christian Faith for the benefit of the public by the pronouncement of the gospel of Jesus Christ and the provision of religion services to the public in accordance with the statements of belief of the House of Hope Calvary Christian Centre. PRINCIPAL ACTIVITIES The church operated as a Charitable Organisation offering religious seminars and administration in the period under review. The Church is governed by the Board of Trustees that is responsible for policies, strategies, activities and setting out the administrative structure for running the Charity. The Trustees continued to meet during the year and reviewed the strategy for the church going forward. Works for the refurbishment of the church have progressed with just a few left to be completed in the coming year. The delay was due to a response because of an inspection action which was outstanding and should be remedied soon. It is good to note that external works to improve the security of the church building was commissioned and completed during the year. This has reduced further anti-social behaviour since then. The spiritual focus of the Church has continued to be based on a 4-stage model which the Lord gave to us few years ago. The stages are". 1. Growth 2. Consolidation I strengthening I structure (putting things in pla to sustain the healthy growth) 3. Maturity (Spiritually and emotionally) 4. Release (Sending people on missions and other release) We are currently in between stages two & three to promote healthy and sustainable growth. There has been more focus on being healthy and mature in this season. We continue to have our services in a hybrid model with both physical and online attendan on zoom. Weekday meetings are held online only as this is enabling more brethren to attend as they do not have to travel physically to attend these meetings.
The structure we have is to promote healthy growth, conversations, and contributions and to get to where God wants us to be. By God's gra we look forward to starting weekly meetings in 2029. As we continue to live stream our services, we are looking at our digital strategy to increase our presence on social media but with a difference so as to reach out more to the community. Despite the difficult and challenging economic teain due to cost-of-living crisis etc, income in total from tithes and offering and gift aid increased by 20h from £70,428 in 2023-24 to £71,721 in 2024-25. There was a 700k decrease in expenditure from £159.423 in 2023-24 to £47.177 in 2024-25. We continue to dream and look fopward to all that God is doing and will do in and through His Church. Reserves The Board of Trustees considers that there are sufficient reserves held at the year end to mitigate any downturn in future income. Both positive movements in income and expenditure have contributed to a net increase of £24,545 to the resep4es in 2024-25. The total unrestricted reserve at year end was £155,396 which is an increase of £24,544 from the period previous (£130,850). It is also good to note that the church has continued to remain debt free this year. Trustees also consider that the Charity has adequate resources to continue in operation for the near future. We thank God for what he has done for us. what he is doing and what the future holds. To God be all the Glory. TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Report and Financial Statements in accordance with applicable law and regulations. In preparing these financial ststements. the trustees are required to.. a) select suitable accounting policies and then apply them consistently. b) observe the methods and principles in the Charities SORP, c) make judgements and accounting estimates that are reasonable and prudent; d) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements" and e) prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Church will continue in operation.
that the financial St8teffnts cornpty ¥th the Chaiities Ads 2011. They are also reSpoNe for safeguarding the assets of the Chanty and hence f¢x tsking reasonaNe s for the prevention and detedion of fraud end otlw irregularthes. Aoproved by the Board ofTnkn on Lt- e i- giij prsned By: Rev Olufemi (U51 Babatola (Chair) On behalfof TfUSt8es of of Hope Cvary Christlaft Centre
INDEPENDENT EXAMINER'S REPORT Independent Examiner's Report to the trustees of The House of Hope Calvary Christian Centre Charity no. 1082083. I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2025. Responsibilities and basis of report The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the above charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement (11 I have completed my examination. I confirm that no material matters have come to my attention which in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act" or the accounts do not accord with the accounting records. (2) I have no concems 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. Chaweevan Williams FCCA Chartered Certified Accountant Verdant Accountants Limited 20-22 Wenlock Road, London Nl 7GU Date: 29 January 2026
HOUSE OF HOPE CALVARY CHRISTIAN cwfRE RECEIPTS ANO PAYIIENTS ACCOUNTS FOR THE YEAR ENDED 31 IdARCH 2Q25 Toi81 Unresutted F Fund5 Y•ar Ended 31 IAar 2025 31 Mar 2024 RECFJprs Grft M (fax Refimd) 56,135 13.572 1014 $4.661 14.118 1.649 Tlxai R•ce•pts 71.721 70.428 PAYIEKrs 12.600 1427 1180 581 2.702 3.789 3.700 Rent & R* Gtfts Light. Heal and Water Tltrbe of Tths 3.$90 &052 47.171 4.321 S.313 45297 -114.127 Purchas• of Fixed Assets otal Payffjeiits 47.1n -159.424 Net &Jrplwl(Delklt> oft AGKvkkn) 24644 Cash fuNts last year bm la062 219,848 Cash funds thi5 perd eff 15S.398 130.852
HOUSE OF HOPE CALVARY CHRISTIAN CEKfRE STATEMENT OF ASSEfs AND UABILMES FOR THE YEAR ENDED 31 MARCH 2025 TiyfL 4•t31 Mw2024 Il¢tss A•at3111¥202S 8.252 149.144 123.558 eudtr 1250.730 1278.049 11447 Told FIK•d A•wts Approved by the Board ofTntstees on X? (- XL Signed By: Rev Olufemi Babatola Chalr Mrs C O Adanri ¢hurch Treasurnr
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basis of accountin The Financial Statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the requirements of the Charities Act 2011 using the Receipts and Payments basis. Cash Flow The accounts do not include a Cash Flow Statement because the organisation as a small reporting entity is exempt from the requirement to prepare such statement under the Financial Reporting Standard l-CashFIow Standard. Tan ible Fixed Assets Depreciation is provided on all tangible fixed assets at rates calculated to write off the difference between cost and it's expected residual value over its estimated useful life as follows.. Office equipment Fixtures, Furniture & Fittings Musical Equipment Motor Vehicle Building -15 % Straight Line -100A Straight Line -15 % Straight Line -150k Straight Line -5 % Straight Line 2 FUNDS All funds in the period are Unrestricted. 3 COLLECTION & VOLUNTARY OFFERINGS Collection from tithes, and voluntary offering accounted for the whole of Total Income. 4 TAX RECLAIM (GIFT AID) £13,572 Gift Aid Tax has been claimed in the year under review (2024 £14,118). 5 SURPLUSI(DEFICIT) OF INCOME OVER EXPENDITURE The accounting year ended 31 March 2025. income exeded expenditure by £24,544 (2023 Deficit £88,996). No Depreciation charge included in year ended 31 March 2025 & 2024 as the Church accounts using Receipts & Payment Basis. io
HOUSE OF HOPE CALVARY CHRISTIAN CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued) 6. GOING CONCERN All the Charity operations are classed as continuing. 7. FIXED ASSETS FurnIre and Office Musical Buildlng Fittings Equiprnent Equipment Total 1,365,959 4.111 24.330 3,277 1,397,677 Cost Balan P£qusibons Disposalsmrite Offs Balante Date 0110412024 3110312025 1.365.959 4.111 24,330 3.277 1.397,677 cumulated Depreaalion Balance Disposalslwrite Offs Charge for the Year Balance 0110412024 87,910 4.111 11,883 489 104.393 27.319 115.229 3.650 15.533 492 31,460 981 135,853 3110312025 Net Book Value Net Book Value 3110312025 3110312024 1.250,730 1.278.049 8.798 12,447 2.296 1.261,824 2.788 1.293,284 li