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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1084577

OPEN HEAVENS CHRISTIAN CENTRE

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2023

Stan Kelly & Co Chartered Certified Accountants Suite 2, Wenta Business Centre 1 Electric Avenue Enfield EN3 7XU

OPEN HEAVENS CHRISTIAN CENTRE

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

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17

OPEN HEAVENS CHRISTIAN CENTRE

Reference and Administrative Details for the Year Ended 31 December 2023

Pastor (Mrs) Remi Balogun - Chair Pastor Bamishaiye A Daniel - Secretary Mr Wale Ladapo - Member Mrs Adebimpe Adekunbi - Member

Independent Examiner:

Dr Emmnauel Oloke, FCCA

PRINCIPAL ADDRESS

194 - 198 Broadfields Avenue Edgware Middlesex HA8 8TF

REGISTERED CHARITY NUMBER 1084577

INDEPENDENT EXAMINER

Stan Kelly & Co Chartered Certified Accountants Suite 2, Wenta Business Centre 1 Electric Avenue Enfield EN3 7XU

Page 1

OPEN HEAVENS CHRISTIAN CENTRE

Report of the Trustees

for the Year Ended 31 December 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Page 2

OPEN HEAVENS CHRISTIAN CENTRE

Report of the Trustees

for the Year Ended 31 December 2023

OBJECTIVES AND ACTIVITIES

Objectives of the Charity, Principal activities and Organisation of our work

The Open Heavens Christian Centre is a parish of the Redeemed Christian Church of God. RCCG Open Heavens Christian Centre is constituted as a charity in its own right and is therefore governed by the charities Act 1993.

We have laid out RCCG Open Heavens Christian Centre Objectives under five themes:

Development, activities and achievements this year:

The Charity continues to thrive in our core objectives of furthering the Christian faith, alleviating the sufferings of people generally for the public benefit irrespective of race, background, sex or faith.

This year we have been successful in organising activities, events and meetings to promote the Christian faith through teaching, courses and the conduct of pastoral work that help people develop biblical principles that build up their confidence, character and self esteem. The various support provided, enables them to identify their talents and gifts, be highly productive and to fulfil their purpose in life thereby reducing crime and social vices in the society.

The church continues to build healthy relationships in the community by organising activities and forums that enhance stronger family values, inspire young people to engage and excel in their character, behaviour and intellectual achievements.

In line with these, we organised Community family seminars, couple's dinners where parents are encouraged in such areas as effective communication in courtship and marriage, resolving personal conflict and bringing up Godly children. The young adults activities also provide opportunity to mentor and guide young people in setting goals, pursuing their dreams and having a Godly Vision.

We operate the Edgware Job Club, Community counselling unit and advisory sessions in partnership with other organisations to offer support to both members and the local community on matters of coaching and returning to work, pre-marital counselling, good parenting, healthy and productive engagement of young family members, managing life challenges and offering support for career progression to teenagers and young adults.

We continued to support and encourage young people by providing a Youth Church where teenagers meet on Sundays under a caring, supportive and encouraging atmosphere. Our activity also included the organisation of leadership seminars for the benefit of the community where youths and other matured individuals are encouraged to take up leadership roles within the community.

The Edgware Food bank, a food distribution service in partnership with Edgware District Churches and the Broadfields resource centre was set-up in response to those in need in the community and currently operates from our premises in Broadfields estate, Edgware. London.

During the year the women's ministry organised monthly breakfast clubs for the benefit of the vulnerable and elderly in the community to discuss a number of issues affecting the community including loneliness, divorce, immigration, emotional issues. The Home church groups also organised Christmas carols for the elderly to enhance their well-being.

Page 3

OPEN HEAVENS CHRISTIAN CENTRE

Report of the Trustees

for the Year Ended 31 December 2023

In terms of donations we partnered or supported a number of charities and organisations involved in "spreading Christmas cheers", "Christmas Lunch on Jesus"in our community and giving relief materials and other emergency support around the world. These includes strong and active support to the African mission, an aid relief Agency to underprivileged people in Africa, the World Evangelical Mission, which aims at furthering the Christian faith all over the world and various mission activities in Bulgaria and Czechs Republic.

Overall, this year trustees consider that the performance of the parish has been satisfactory both in terms of advancement of the Christian faith, helping the poor and in generating needed resources.

Volunteers

Many volunteers give up their time to help at the church, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their continued commitment and support to the organisation.

FINANCIAL REVIEW

Investment policy and objectives

The charity is an unincorporated charity whose aim is to promote religious activities. It has fixed assets in the form of equipment, furniture and building. The current financial policy is to use whatever asset that may be acquired, and the income generated by the asset to further the objects of the charity.

In order to guide the investment strategy the board of trustees adopted the following:-

Transactions and financial position:

The financial statements as set out have been prepared implementing the 2005 SORP for charities and in accordance with the Financial Reporting Standard for Smaller Entities ( effective January 2007).

Overall, the trustees consider the financial performance by the charity during the year to have been satisfactory.

Reserves policy

The trustees resolved to establish reserves to provide for future activities, and to provide funding for expected expenditure for three months ahead in the sum of £50,000.

The policy on reserves is that the existing assets are retained to produce income which is wholly utilised to support existing activities. There are no intentions in the long term to reduce the reserve significantly below £50,000. The policy is justified and necessary to preserve income at the present levels in order to maintain the activities of the charity.

FUTURE PLANS

We hope to increase our involvement with community through social inclusion by further strengthening our sessions, counselling developing biblical principles, organising leadership seminars, economic empowerment, impacting entrepreneurship skills, legal advice, career counselling, provision of welfare and housing advice, providing basic medical advice etc

Financial results and future activities.

The statement of the financial activities shows net used resources for the year of £58,828 ( Year to 31 December 2022, £60,285) and our resources stand at £1,192,254 (31 December 2022, £1,133,426).

In light of the growth in the congregation size, the level of financial support of the church from the donors for the year (£334,845) increased as compared to last year's level (£297,201). This has enabled the church to support quite a good number of Christian organisations and charities as well as meeting other charitable objectives.

The present level of funding is adequate to support the continuation of the charity's objectives.

Page 4

OPEN HEAVENS CHRISTIAN CENTRE

Report of the Trustees

for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is an unincorporated association governed by a trust deed. Eligibility for members of charity and members of board of trustees is governed by the trust deed.

There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.

Recruitment and appointment of new trustees

Trustees are appointed by strict spiritual guidelines and biblical qualities that mirror Christ like attributes.

Appointments are subject to final approval by RCCG - Open Heavens Christian Centre leadership and its members.

Organisational structure

The chief executive officer to whom day to day management of the charity is delegated by the trustees is :-

Pastor Daniel Akhazemea

Approved by order of the board of trustees on 15 July 2024 and signed on its behalf by:

Pastor-Mrs R Balogun - Trustee

Page 5

Independent Examiner's Report to the Trustees of OPEN HEAVENS CHRISTIAN CENTRE

Independent examiner's report to the trustees of OPEN HEAVENS CHRISTIAN CENTRE

I report to the charity trustees on my examination of the accounts of OPEN HEAVENS CHRISTIAN CENTRE (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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 Emmanuel Oloke, FCCA

Stan Kelly & Co Chartered Certified Accountants Suite 2, Wenta Business Centre 1 Electric Avenue Enfield EN3 7XU

15 July 2024

Page 6

OPEN HEAVENS CHRISTIAN CENTRE

Statement of Financial Activities

for the Year Ended 31 December 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
EXPENDITURE ON
Charitable activities
3
Charitable
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
334,845
227,167
48,850
276,017
58,828
1,133,426
1,192,254		 Restricted
fund
£
-
-
-
-
-
-
-		 31.12.23
Total
funds
£
334,845
227,167
48,850
276,017
58,828
1,133,426
1,192,254		 31.12.22
Total
funds
£
297,201
170,324
66,592
236,916
60,285
1,073,141
1,133,426

The notes form part of these financial statements

Page 7

OPEN HEAVENS CHRISTIAN CENTRE

Balance Sheet

31 December 2023

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
1,821,675
34,998
27,658
62,656
(49,817)
12,839
1,834,514
(642,260)
1,192,254		 Restricted
fund
£
-
-
-
-
-
-
-
-
-		 31.12.23
Total
funds
£
1,821,675
34,998
27,658
62,656
(49,817)
12,839
1,834,514
(642,260)
1,192,254
1,192,254
1,192,254		 31.12.22
Total
funds
£
1,820,943
17,370
24,030
41,400
(47,785)
(6,385)
1,814,558
(681,132)
1,133,426
1,133,426
1,133,426

The financial statements were approved by the Board of Trustees and authorised for issue on 15 July 2024 and were signed on its behalf by:

R Balogun - Trustee

The notes form part of these financial statements

Page 8

OPEN HEAVENS CHRISTIAN CENTRE

for the Year Ended 31 December 2023

Notes to the Financial Statements

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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 resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Taxation

The charity is exempt from tax on its activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 9

OPEN HEAVENS CHRISTIAN CENTRE

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

2. DONATIONS AND LEGACIES

Offerings and donations
Tithes
Thanksgiving
Gift aid receipts
Other income
Hall hire
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable
110,597		 31.12.23
£
45,996
147,130
10,252
44,304
31,752
55,411
334,845
Support
costs
£
116,570		 31.12.22
£
49,738
124,421
14,565
35,671
24,874
47,932
297,201
Totals
£
227,167

3. CHARITABLE ACTIVITIES COSTS

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

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

5. STAFF COSTS

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

31.12.23 31.12.22
Administrative staff 2 2

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

continued...

Page 10

OPEN HEAVENS CHRISTIAN CENTRE

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

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
297,201
EXPENDITURE ON
Charitable activities
Charitable
170,324
Other
66,592
Total
236,916
NET INCOME
60,285
RECONCILIATION OF FUNDS
Total funds brought forward
1,073,141
TOTAL FUNDS CARRIED FORWARD
1,133,426
7.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 January 2023
1,818,687
Additions
-
At 31 December 2023
1,818,687
DEPRECIATION
At 1 January 2023
-
Charge for year
-
At 31 December 2023
-
NET BOOK VALUE
At 31 December 2023
1,818,687
At 31 December 2022
1,818,687		 Restricted
fund
£
-
-
-
-
-
-
-
Plant and
machinery
£
161,905
-
161,905
159,869
-
159,869
2,036
2,036		 Total
funds
£
297,201
170,324
66,592
236,916
60,285
1,073,141
1,133,426
Fixtures
and
fittings
£
14,445
-
14,445
14,285
-
14,285
160
160

continued...

Page 11

OPEN HEAVENS CHRISTIAN CENTRE

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

7.
TANGIBLE FIXED ASSETS - continued
Motor
vehicles
£
COST
At 1 January 2023
79,085
Additions
-
At 31 December 2023
79,085
DEPRECIATION
At 1 January 2023
79,075
Charge for year
-
At 31 December 2023
79,075
NET BOOK VALUE
At 31 December 2023
10
At 31 December 2022
10
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 11)
Trade creditors
Taxation and social security
Other creditors		 Computer
equipment
£
10,297
976
11,273
10,247
244
10,491
782
50
31.12.23
£
34,998
31.12.23
£
46,254
168
321
3,074
49,817		 Totals
£
2,084,419
976		 Totals
£
2,084,419
976
2,085,395
263,476
244
263,720
1,821,675
1,820,943
31.12.22
£
17,370
31.12.22
£
46,254
170
250
1,111
47,785
47,785

continued...

Page 12

OPEN HEAVENS CHRISTIAN CENTRE

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

10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 11)
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Mortgage loan within 1 year
Amounts falling between one and two years:
Bank loans - 1-2 years
Mortgage loan -1 -2 years
Amounts falling due between two and five years:
Mortgage loan- 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Mortgage loan -over 5 years
12.
SECURED DEBTS
The following secured debts are included within creditors:
Bank loans
Barclays bank has first legal charge over the charity's land and buildings.		 31.12.23
£
642,260
31.12.23
£
46,254
68,460
98,126
166,586
245,320
230,354
31.12.23
£
688,514		 31.12.22
£
681,132
31.12.22
£
46,254
68,460
98,126
166,586
245,320
269,226
31.12.22
£
727,386

continued...

Page 13

OPEN HEAVENS CHRISTIAN CENTRE

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

13. MOVEMENT IN FUNDS

At 1.1.23
£
Unrestricted funds
General fund
1,133,426
TOTAL FUNDS
1,133,426
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
334,845
TOTAL FUNDS
334,845
Comparatives for movement in funds
At 1.1.22
£
Unrestricted funds
General fund
1,073,141
TOTAL FUNDS
1,073,141
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
297,201
TOTAL FUNDS
297,201		 Net
movement
in funds
£
58,828
58,828
Resources
expended
£
(276,017)
(276,017)
Net
movement
in funds
£
60,285
60,285
Resources
expended
£
(236,916)
(236,916)		 At
31.12.23
£
1,192,254		 At
31.12.23
£
1,192,254
1,192,254
Movement
in funds
£
58,828
58,828
At
31.12.22
£
1,133,426
1,133,426
Movement
in funds
£
60,285
60,285
60,285

continued...

Page 14

OPEN HEAVENS CHRISTIAN CENTRE

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

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.1.22
£
1,073,141
1,073,141		 Net
movement
in funds
£
119,113
119,113		 At
31.12.23
£
1,192,254
1,192,254

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

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
632,046
632,046		 Resources
Movement
expended
in funds
£
£
(512,933)
119,113
(512,933)
119,113		 Resources
Movement
expended
in funds
£
£
(512,933)
119,113
(512,933)
119,113
119,113

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023 ( 31 December 2022).

Page 15

OPEN HEAVENS CHRISTIAN CENTRE

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Offerings and donations 45,996 49,738
Tithes 147,130 124,421
Thanksgiving 10,252 14,565
Gift aid receipts 44,304 35,671
Other income 31,752 24,874
Hall hire 55,411 47,932
334,845 297,201
Total incoming resources 334,845 297,201
EXPENDITURE
Charitable activities
World evangelical mission 19,185 21,766
Honorariums -guest ministers 1,700 950
Missions 1,000 4,300
Volunteers' expenses 10,012 8,227
Repairs and maintenance 26,408 2,400
Christmas cheer 1,059 -
Marriage ministry 1,114 -
Mortgage 50,119 29,881
110,597 67,524
Other
Children ministry 5,769 2,879
Donation 8,690 6,180
Travel and subsistence 9,488 4,279
Church office expenses 5,009 8,716
Retreats and training 7,189 9,486
Technical and multimedia 1,000 9,810
Sundries 2,328 1,916
Ministerial services 7,000 -
Administrative expenses 2,133 -
Plant and machinery - 22,594
Fixtures and fittings - 499
Computer equipment 244 204
48,850 66,563
Support costs

This page does not form part of the statutory financial statements

Page 16

OPEN HEAVENS CHRISTIAN CENTRE

Detailed Statement of Financial Activities
for the Year Ended 31 December 2023
31.12.23 31.12.22
£ £
Support costs
Management
Insurance 5,440 7,000
Telephone 3,407 2,815
Postage and stationery 3,436 1,553
Pastor's Stipend and allowance 24,000 24,000
Pastor's rent allowance 12,000 12,000
48,283 47,368
Finance
Bank charges 1,140 789
Other
Rates and water 829 774
Light and heat 7,060 9,393
7,889 10,167
Other 2
Advertising 740 774
Music and worship ministry 28,915 16,634
29,655 17,408
Other 3
Cleaning expenses 4,738 4,129
Governance costs
Wages 17,750 16,850
Social security 1,070 418
Pensions 345 -
Book keeping and payroll cost 4,800 4,800
Independent examiner's fees 900 900
24,865 22,968
Total resources expended 276,017 236,916
Net income 58,828 60,285

This page does not form part of the statutory financial statements

Page 17