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2021-12-31-accounts

(GLOOAL NAfftV@Sf OUTfftfiACN . fftv@Sf rfftoJs Ros (Cfve]trOty t￿10. f] 08850V ¢Y 11

Content

Charity Information

Trustee Report

Balance Sheet

Income & Expenditure Statement

Independent Examiner’s Report

Notes to Financial Statements

Accounting Policies & Notes to the Accounts

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Charity Information

Global Harvest Outreach (GHO) and Christ Harvest Centre (CHC) is a Christian based charity organisation. The GHO (Ministry Arm) is run by the Trustees while the CHC (church Arm) has been put under the apostolic oversight of the ELIM Pentecostal Churches (EPC) UK. The local church (CHC) is run by the Pastors, group of Elders and Departmental leaders under the constitution of the EPC, while GHO is run by the Trustees via the Trust document.

Charity Registration Number: 1088581
Postal Address: C/O 17 High Road
Wormley,
Broxbourne
London EN10 6HT
Worship Centre: CHC - The Royal Store House 258
Langham Road
South Tottenham
(Opposite Turnpike Lane Tube Station)
London N15 3HT
Current Serving Trustees: Kenny O. Victor Macarthy MBA FCCA (Lead
Minister)
Bolanle Macarthy BA PGCE MA
Remi Alabi BA LLB BL (Chair)
Dr Dag Lawale - (Canada)
Francesca Smidile BA
Yemisi Abrahams LLB BL - (Canada)
Board of Elders: Pastor Wale Grillo (Pastoral Care)
Elder Joshua Onozutu (EOM)
Elder T Ogunsan (CMS)
Rev. Cyril Okere (Chair)
Elder Patricia Balogun

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Hon. (Mrs) F.T. Akinwale Key Departmental Heads. Moriayo Ogunsan (Children & Special Projects) Tai-Tai Oronsaye (Youth) Weruche Opia (Executive Assistant & Special Projects) Helen Ogbemudia (Counselling & Safeguarding) Marjorie Clark (Evangelism & Outreaches) Enitan Modupe (Church Management Services) Legal Advisor/ Secretary to the Trust: Mr. A. O. Modupe BA LLB BL Trustee Accountant: Nina Deugoue Leonce ACCA Bankers: HSBC Plc Edmonton Green Branch Edmonton London N9 INDEPENDENT EXAMINER AE Accountax Ltd (Office Address) 5[th] Floor Kingsgate House 62 High St, Redhill RH1 1SH 100 Spencer Way (Registered Office Address) Redhill RH1 5DQ

Other working Names/Ministries: Hearts for Nations (HfN); Elders Forum (EF) & The Harvest Army (THA)

Trustees’ Report

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Main Objectives of the Charity

  1. THE ADVANCEMENT OF THE CHRISTIAN FAITH IN ACCORDANCE WITH THE TEACHINGS OF THE BIBLE

  2. THE ADVISE AND RELIEF OF THE POOR, AGED, SICK AND THOSE IN CONDITIONS OF HARDSHIP OR DISTRESS; AND

  3. SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.

  4. COMMUNITY WORK – Targeting youths and families.

  5. INTERNATIONAL MISSION WORK – Revivals, Outreaches, Medical Missions, Training & Empowerment, Partnering and Networking

Development During the year 2019

During the year 2019 we carried out the following activities in line with our charity objectives:

5

The Future: Our Main Plans for the year 2020

Other Matters:

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Global Harvest Outreach & Christ Harvest Centre (An Elim Pentecostal Church) Annual accounts for the period

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To 31/12/2021

01/01/2021

Section A Statement of financial activities

Recommended categories by
activity
Incoming resources (Note 3)
Charitable activities
Offering
Tithes
Seed
Other- R2R
Bank Interest
Gift Aid from HMRC
Other- Community Usage of Hall
Other- Donation
Total
Resources expended (Note 6)
Expenditure on:
EPFG (ELIM HQ)
Legal & Professional fees
Honorarium
Mission
Rates & Utilities
Rent & Rates
Repairs & Renewals
Telephone / Phone Cards &
Internet
Church Reception & Entertainment		 Unrestricted
funds
£
F01		 Restricted
income
funds
Endowment
funds
£
£
F02
F03		 Restricted
income
funds
Endowment
funds
£
£
F02
F03		 Total funds
Prior year
funds
£
£
F04
F05		 Total funds
Prior year
funds
£
£
F04
F05
5,172
-		 - 5,172 5,544
23,730
-		 - 23,730 23,796
922
-		 - 922 390
- - - - -
0
-		 - 0 3
3,705
-		 - 3,705 3,716
10,750
-		 - 10,750 13,650
-
-
-
-
-
44,280
-
-
44,280
47,099
4,144
-		 - 4,144 4,580
252
-		 - 252 204
2,148
-		 - 2,148 1,600
1,919
-		 - 1,919 1,500
1,300
-		 - 1,300 1,302
18,000
-		 - 18,000 18,000
2,820
-		 - 2,820 365
1,120
-		 - 1,120 1,533
1,591
-		 - 1,591 245
- - - -
908
-		 - 908 903
- - - -
1,220 - - 1,220 221
4,144
-		 - 4,144 4,580
252
-		 - 252 204
2,148
-		 - 2,148 1,600
1,919
-		 - 1,919 1,500
1,300
-		 - 1,300 1,302
18,000
-		 - 18,000 18,000
2,820
-		 - 2,820 365
1,120
-		 - 1,120 1,533
1,591
-		 - 1,591 245
- - - -
908
-		 - 908 903
- - - -
1,220 - - 1,220 221

Church Reception & Entertainment R2R Praise 18 / Convention Printing, Stationery& Postage Sundry Expenses Transport & Travelling

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Subscriptions

Charitable donations & Love Gifts Advertising

Equipment Hire & Waste Disposal Equipment Purchase Depreciation Bank Charges

Admin & Office costs Property Maintenance Laundry & Dry Cleaning Website Hosting Computer software & Parts HP Costs

Training

Total Resources Used

419
-		 - 419 273
1,776
-		 - 1,776 1,225
660
-		 - 660
-
425
-		 - 425 1,066
655
-		 - 655
-
207
-		 - 207 208
248
-		 - 248
-
196
-		 - 196 245
1,873
-		 - 1,873 4,483
61
-		 - 61 200
- - - -
1,469
-		 - 1,469 208
- - - -
350 - -
350		 300
43,761
-		 -
43,761
38,661

Governance Cost

Independent Examination Insurance Total Governance Cost

Total

Net income/(expenditure) before investment gains/(losses)

Net gains/(losses) on investments Net income/(expenditure) Extraordinary items

Transfers between funds

Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use …Behold I come quickly…Rev. 22:12

552
-		 - 552 485
2,029 - -
2,029		 2,475
2,581
-		 -
2,581
2,960
46,341
-		 -
46,341
41,621
-2,061 - - -2,061 5,478
- - - - -
-2,061 - - -2,061 5,478
- - - - -
- - - - -
- - - - -

9

Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 - -
-
-
-
-2,061 - - -2,061 5,478
- 27,526 -
-
- 27,526		 -33,004
- 29,587 -
-
- 29,587		 - 27,526

Section B Balance sheet

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Fixed assets
Intangible assets
Tangible assets (Note 6)
Heritage assets
Investments
Total fixed assets
Current assets
Stocks
Prepayments
Investments
Debtors
Cash at bank and in hand (Note 8
)
Total current assets		 Unrestricted
funds
£
F01		 Restricted
income
funds
Endowment
funds
Total
this year
Total last
year
£
£
£
£
F02
F03
F04
F04		 Restricted
income
funds
Endowment
funds
Total
this year
Total last
year
£
£
£
£
F02
F03
F04
F04		 Restricted
income
funds
Endowment
funds
Total
this year
Total last
year
£
£
£
£
F02
F03
F04
F04		 Restricted
income
funds
Endowment
funds
Total
this year
Total last
year
£
£
£
£
F02
F03
F04
F04
- - - -
2 - - 2 209
- - - -
- - - -
2 - - 2 209
- - - - -
- - - - -
- - - - -
700
5,011 - - 5,011 9,749
5,711 - - 5,711 10,449
Creditors: amounts falling due
within one year (Note 7)
Accruals		 8,737 - - 8,737 11,737
804 - - 804 689

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Net current assets/(liabilities)

Total assets less current liabilities

Creditors: amounts falling due after one year

-3,830 - - -
3,830		 -1,976
-3,828 - - -
3,828		 - 1,767
- - - - -
- - - - -

Provisions for liabilities

Total net assets or liabilities

-3,828 - - -
3,828		 - 1,767

Funds of the Charity

Endowment funds

Restricted income funds Unrestricted funds Revaluation reserve

Total funds

- - -
- - - -
- - - -
- 3,828 -
3,828
- 1,767
-
-		 -
3,828
-3,828 - - -
3,828		 -1,767

Financial Standing, Performance Measures & Explanatory Statement:

These summary financial statements summarise the information in GHCO's annual accounts for the year ended 31st Dec 2021

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As at of 31st December 2021, the Income & Expenditure shows a deficit of £2061.47, i.e., expenditure is above income. This has resulted in a further depletion of the reserves. To ensure continuity of the Charity Trust it will need to ensure they are having surpluses in the coming years i.e., the expenditure needs to be less than the income from various sources.

These accounts were approved by the Trustee of GHCO and signed on behalf of the Church.

Signed by one or two trustees on
behalf of all the trustees		 Print Name Date of
approval
dd/mm/yyyy
Victor Kenny Macarthy Member
Board of
Trustee
Pastor Wale Grillo Board of
Elders
Elder Toyin Ogunsan Board of
Elders

GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE…an ELIM PENTECOSTAL CHURCH INDEPENDENT EXAMINER’S REPORT TO THE

BOARD OF DIRECTORS/TRUSTEES YEAR ENDED 31st December 2021

I report on the accounts of the Charity or the year ended 31st December 2021, which are set out on …Behold I come quickly…Rev. 22:12

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pages 8 to 14.

Respective responsibilities of trustees and examiner

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 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:

to keep accounting records in accordance with section 130 of 2011 Act; and to prepare accounts which accord with the accounting records comply with the accounting requirements of 2011 Act and with the methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities have not been met; or

Signed: Date: Bim Ewetade BA (HONS) Accounting & Finance, AFA MIPA/AFTA Incorporated Financial Accountant AE Accountax Ltd 100 Spencer Way Redhill, Surrey. RH1 5DQ

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
a different or additional policy has been adopted then this is detailed in the box below.
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;

· it is more likely than not that the trustees will receive the resources; and
Yes No
N/a
• the monetary value can be measured with sufficient reliability.
✓


Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
YesNo
N/a
✓


Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No
N/a

✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Yes No
N/a

✓
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No
N/a

✓
Government grants
The charity has received government grants in the reporting period
YesNo
N/a

✓
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Yes No
N/a
✓


YesNo
N/a		 Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
a different or additional policy has been adopted then this is detailed in the box below.
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;

· it is more likely than not that the trustees will receive the resources; and
Yes No
N/a
• the monetary value can be measured with sufficient reliability.
✓


Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
YesNo
N/a
✓


Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No
N/a

✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Yes No
N/a

✓
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No
N/a

✓
Government grants
The charity has received government grants in the reporting period
YesNo
N/a

✓
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Yes No
N/a
✓


YesNo
N/a		 Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
a different or additional policy has been adopted then this is detailed in the box below.
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;

· it is more likely than not that the trustees will receive the resources; and
Yes No
N/a
• the monetary value can be measured with sufficient reliability.
✓


Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
YesNo
N/a
✓


Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No
N/a

✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Yes No
N/a

✓
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No
N/a

✓
Government grants
The charity has received government grants in the reporting period
YesNo
N/a

✓
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Yes No
N/a
✓


YesNo
N/a		 Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
a different or additional policy has been adopted then this is detailed in the box below.
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;

· it is more likely than not that the trustees will receive the resources; and
Yes No
N/a
• the monetary value can be measured with sufficient reliability.
✓


Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
YesNo
N/a
✓


Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No
N/a

✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Yes No
N/a

✓
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No
N/a

✓
Government grants
The charity has received government grants in the reporting period
YesNo
N/a

✓
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Yes No
N/a
✓


YesNo
N/a		 Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where
a different or additional policy has been adopted then this is detailed in the box below.
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;

· it is more likely than not that the trustees will receive the resources; and
Yes No
N/a
• the monetary value can be measured with sufficient reliability.
✓


Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
YesNo
N/a
✓


Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Yes No
N/a

✓
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Yes No
N/a

✓
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Yes No
N/a

✓
Government grants
The charity has received government grants in the reporting period
YesNo
N/a

✓
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
Yes No
N/a
✓


YesNo
N/a
Recognition of
income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Grants and
donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.		 Yes
✓
No
N/a

Yes No
N/a
✓
Yes

Yes

Yes

Yes

Yes
✓
Yes
No
N/a
✓
No
N/a
✓
No
N/a
✓
No
N/a
✓
No
N/a

No
N/a

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Contractual income
and performance
related grants
This is only included in the SOFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to
be the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated services
and facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes
✓		 ✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a
✓
No N/a

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Income from
interest, royalties
and dividends
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
Income from
membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Settlement of
insurance claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Investment gains
and losses
This includes any realised or unrealised gains or losses on the sale of investments
and any gain or loss resulting from revaluing investments to market value at the end of
the year.
2.2 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Governance and
support costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
Grants with
performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once
the recipient of the grant has provided the specified service or output.		 Yes

Yes

Yes

Yes

Yes

Yes
✓
Yes
✓
Yes
✓
Yes

Yes		 No
N/a		 No
N/a
✓
No
N/a
✓
No
N/a
✓
No
N/a
✓
No
N/a
✓
No
N/a

No
N/a

No
N/a

✓
No
N/a
✓
No
N/a

…Behold I come quickly…Rev. 22:12

17

Grants payable
without
performance
conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for
liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs
11.17 to 11.19, FRS102 SORP.
2.3 ASSETS
Tangible fixed
assets for use by
charity
These are capitalised if they can be used for more than one year, and cost at least
They are valued at cost.
The depreciation rates and methods used are disclosed in note 6.2.
Intangible fixed
assets
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in
note 9.5
They are valued at cost.
Heritage assets
Yes
✓
Yes
✓
Yes
✓
Yes

Yes

Yes
✓
Yes

Yes

Yes		 ✓
No
N/a

No
N/a

No
N/a

No
N/a
✓
No
N/a
✓
No
N/a
500

No
N/a
✓
No
N/a
✓
No
N/a

…Behold I come quickly…Rev. 22:12

18

The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The
depreciation rates and methods used as disclosed in note 9.6.1.4.

They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot
be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable
value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be
received.
Current asset
investments
The charity has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes
rather than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
Yes

Yes

Yes
 ✓
No
N/a
✓
No
N/a
✓
No
N/a
✓
Yes No
N/a
✓
Yes No
N/a
✓
Yes No
N/a
✓
Yes No
N/a
✓
Yes No
N/a

Yes
 ✓
No
N/a
✓

…Behold I come quickly…Rev. 22:12

19

POLICIES
ADOPTED
ADDITIONAL TO
OR DIFFERENT
FROM THOSE
ABOVE		 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out
and have remained unchanged from the previous year, and also have been consistently applied
within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention. Tangible fixed assets and
depreciation
Tangible assets are included at cost less depreciation.
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives:
Other Plant & Machinery -25% of cost
Fixtures & fittings -25% of cost
Presentation currency
The accounts are presented in £ sterling.

…Behold I come quickly…Rev. 22:12

20

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 3 Analysis of income
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations and
legacies:
Donations andgifts
-
-
-
-
-
Gift Aid
3,705
-
-
3,705
3,716
Legacies
-
-
-
-
-
General grants provided by
government/other charities
-
-
-
-
-
Membership subscriptions and
sponsorships which are in substance
donations
-
-
-
-
-
Donatedgoods,facilities and services
-
-
-
-
-
Other
-
-
-
-
-
Total
3,705
-
-
3,705
3,716
Charitable
activities:
Use of Community Hall
10,750
-
-
10,750
13,650
Tithes, Offerings,Seed &pledges
29,824
-
-
29,824
29,730
-
-
-
-
-
Other: R2R etc
0
-
-
-
-
Total
40,574
-
-
40,574
43,380
Other trading
activities:
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Other
-
-
-
-
-
Total
-
-
-
-
-
Donations and
legacies:
Charitable
activities:
Other trading
activities:		 Analysis Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations andgifts - - - - -
Gift Aid 3,705 - - 3,705 3,716
Legacies - - - - -
General grants provided by
government/other charities		 - - - - -
Membership subscriptions and
sponsorships which are in substance
donations		 - - - - -
Donatedgoods,facilities and services - - - - -
Other - - - - -
Total 3,705 - - 3,705 3,716
Use of Community Hall 10,750 - - 10,750 13,650
Tithes, Offerings,Seed &pledges 29,824 - - 29,824 29,730
- - - - -
Other: R2R etc 0 - - - -
Total 40,574 - - 40,574 43,380
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -

…Behold I come quickly…Rev. 22:12

21

Income from
investments:
Separate
material item
of income:
Other:
TOTAL INCOME		 Interest income 0 - - 0 3
Dividend income - - - - -
Rental and leasingincome - -
Other - - - - -
Total 0 - - 0 3
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into
income		 - - - - -
Gain on disposal of a tangible fixed asset
held for charity's own use		 - - - - -
Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of
intellectualpropertyrights		 - - - - -
Other - - - - -
Total - - - - -
44,280 - - 44,280 47,099
Other information:
All income in the prior year was unrestricted except for: (please
provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
…Behold I come quickly…Rev. 22:12 22

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -		 Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
Analysis
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total
funds
Prior year
£
£
Expenditure on
raising funds:
Incurred seeking donations
- - - - -
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - -
Operating membership schemes and social
lotteries
- - -
Staging fundraising events
- - -
Fudraising agents
- - -
Operating charity shops
- - -
Operating a trading company undertaking non-
charitable trading activity
- - -
Advertising, marketing, direct mail and
publicity
- - - -
-
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs
- - - - -
Expenditure on
raising funds:		 Analysis Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total
funds
£		 Prior year
£
Incurred seeking donations - - - - -
Incurred seeking legacies - - - - -
Incurred seeking grants - - -
Operating membership schemes and social
lotteries		 - - -
Staging fundraising events - - -
Fudraising agents - - -
Operating charity shops - - -
Operating a trading company undertaking non-
charitable trading activity		 - - -
Advertising, marketing, direct mail and
publicity		 - - - - -
Start up costs incurred in generating new
source of future income		 - - - - -
Database development costs - - - - -

…Behold I come quickly…Rev. 22:12

23

Expenditure on
charitable
activities		 Other trading activities Other trading activities - - -
Investment management costs: - - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice - - - - -
Investment administration costs - - - - -
Intellectual property licencing costs - - - - -
Rent collection, property repairs and
maintenance charges		 - - - - -
- - - - -
Total expenditure on raising funds - - -
Independent examination 552 552 485
Accommodation & Subsistence - - - - -
EPFG (Elim HQ) 4,144 - 4,144 4,580
Legal and Professional fee 252 252 204
Books,Audio Visual and Tapes - -
Honorarium & External Ministries 2,148 2,148 1,600
Mission 1,919 1,919 1,500
Insurance 2,029 2,029 2,475
Website Hosting 660 660 -
Rent. Rates & Utilities 19,300 19,300 19,302
Property Renewals &
Maintenance		 4,693 4,693 4,483

…Behold I come quickly…Rev. 22:12

24

Separate
material item of
expense		 Telephone/ Phone cards &
Internet		 1,120 1,120 1,533
Church Receptions &
Entertainment		 1,591 1,591 245
Printing, Stationery & Postage 908 908 903
Sundryexpenses - -
Transport & Travelling 1,220 1,220 221
Subscriptions 419 419 273
Charitable donations & Love
gifts		 1,776 1,776 1,225
Seminars, Training &
Conferences		 350 350 300
Equiment Hire (Card machine
etc.)		 425 425 1,066
Depreciation 207 207 208
Bank charges 248 248 -
Hire Purchase Costs - -
Admin & Office Costs 196 196 610
Laundry and Cleaning 61 61 200
Computer Software and Parts 1,469 1,469 208
Equipment (Non F A) 655 - - 655 -
R2R Praise - -
Total expenditure on charitable activities 46,341 - -
46,341		 41,621
- - - - -
- - - - -

…Behold I come quickly…Rev. 22:12

25

Total
Other
Total other expenditure
TOTAL EXPENDITURE
Other information:
Analysis of expenditure on charitable activities		 - - - - -
- - - - -
Total - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
46,341 - - 46,341 41,621
Activity or
programme		 Activities undertaken directly Grant
funding
of
activities		 Support
Costs		 Total this
year		 Total
prior
year
£ £ £ £ £
Activity 1
Activity 2
Other
Total
Prior year expenditure on charitable activities can be
analysed as follows:

…Behold I come quickly…Rev. 22:12

26

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)

----- Start of picture text -----
Section C Notes to the accounts
(cont)
Note 5 Details of certain items of expenditure
5.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of
accounts and other services provided by your independent examiner. If Last
nothing was paid please enter '0' in the appropriate box(es). This year year
£ £
Independent examiner’s fees
552 485
Assurance services other than audit or independent examination
Tax advisory fees
Other fees (for example: financial advice, consultancy, accountancy services)
paid to the independent examiner 252 204
----- End of picture text -----

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27

Section C Notes to the accounts (cont)

Note 6 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

6.1 Cost or valuation

At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year		 Freehold
land &
buildings
£		 Other land &
buildings
£		 Plant,
machinery
and motor
vehicles
£		 Fixtures,
fittings and
equipment
£		 Total
£
- - -
6,645		 6,645
- - -
-
- - - -
-
- - - -
-
- - - -
-
-
-
-
6,645		 6,645

**Basis SL or RB SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")

…Behold I come quickly…Rev. 22:12

28

* Rate
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers
At end of the year
6.3 Net book value**
Net book value at
the beginning of the
year
-
-
-
209		 209
Net book value at
the end of the year		 -
-
-
2		 2

…Behold I come quickly…Rev. 22:12

29

Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
(cont)
Note 7 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
7.1 Analysis of creditors
Amounts falling due
within one year
Amounts falling due
after more than one
year
This year
Last year
This year
Last year
£
£
£
£
Accruals for grants payable
- - - -
Bank loans and overdrafts
- - - -
Trade creditors
- - - -
Payments received on account for contracts or
performance-related grants
- - - -
Accruals and deferred income
804
689
- -
Taxation and social security
- - - -
Other creditors
8,737
11,737
Total
9,541
12,426
-
-
Amounts falling due
within one year		 Amounts falling due
after more than one
year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - - -
- - - -
804 689 - -
- - - -
8,737 11,737
9,541 12,426 -
-

…Behold I come quickly…Rev. 22:12

30

Section C Notes to the accounts (cont)
Note 8 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand
Other
Total		 This year
Last year
£
£
-
-
-
-
5,011
9,749
5,011
9,749
Section C Notes to the accounts
(cont)
Note 9 Transactions with trustees and related parties
9.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from
an employment with theircharity or a related entity (True or False)		 TRUE

NO RESTRICTED FUND

…Behold I come quickly…Rev. 22:12

31