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2023-12-31-accounts

Annual Accounts and Report for the Year End 31st December 2023

GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Contents 1

Administrative Information 2

Report of the trustees 3-6

Independent Examiner 7

Statement of Financial Activities 9

Balance Sheet 10

Notes to the Financial Statements 11-12

Detailed Statement of Financial Activities 13

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Report of the Trustees for the Year End 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 the Statement of Recommended Practice (SORP)'Accounting and Reporting by Charities' issued in March 2005.

CHARITY ADMINISTRATIVE DETAILS Registered Charity number 1088581

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 (Executive Ministers) under the

Charity Registration Number: 1088581

C/O 17 High Road, Wormley. Broxbourne. London EN10 Postal Address: 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)

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

TRUSTEE REPORT – 2023

The Trustees of Global Harvest Outreach and Christ Harvest Church are pleased to present their Annual Report with the independently examined accounts for the year ended 31 December 2023.

FINANCIAL REVIEW

The results of the year’s operations are set out in the financial statements below. The net movement in funds for 2023 amounted to a surplus of £11,108. In 2022, this was £1,057as in the restated accounts.

Trustees’ Report

Main Objectives of the Charity.

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

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

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

  4. COMMUNITY WORK – Targeting youths and vulnerable families.

  5. HARVEST SCHOOL OF MINISTRY (HSoM) – Training for the Christian Ministry

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

Development During the year 2023

During the year 2023 we carried out the following activities in line with our charity objectives:

❖ ➢ MISSIONS OUTREACHES & EVANGELISM

Local Evangelism & Outreaches

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

International Missions & Outreaches:

❖ ➢ THE APOSTOLIC & THE PROPHETIC

The Apostolic & Prophetic Declarations in July (Mid-Year) and December (12for12)

❖ ➢ THE HARVEST FOUNDATION (Helping the underprivileged)

❖ ➢ PASTORAL CARE

The Church holds regular monthly pastoral care meetings for youth, women and men fellowship. Seminars and conferences were held by the church and ministries associated with the church and ministry.

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

❖ ➢ GOVERNANCE

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

There are currently no restricted funds, and none is being anticipated.

STATEMENT OF BOARD OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements

in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 31st October 2024 and signed on its behalf by:

Victor Kenny Macarthy- Trustee

31/10/2024

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST

(The Harvest Army)

(Charity No. 1088581

Independent Examiner's Report to the Trustees of Global Harvest Outreach & Christ Harvest Centre Trust

I report on the accounts for the year ended 31 December 2023 set out on pages three to ten.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's 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 required.

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:

Basis of the 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, 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 statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signature---------------------------- /10/2024

Bim Ewetade FCCA, B A (Hons) Accounting & Finance, AFA ,MIPA/AFTA. Independent Examiner

31/10/2024

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Statement of financial activities

Notes
Unrestric-
ted funds
Incoming resources
£
Donations & Legacies
2
37,456
Other Incoming Resource
Other (interests etc.)
5
Gift Aid
1,902
Rental Income
12,950
Total
52,312
Resources expended (Note
Expenditure on:
Charitable activities
39,670
Support Costs
2,592
Total
42,261
Net income/(expenditure)
before investment
10,051
Net gains/(losses) on
Net income/(expenditure)
10,051
Net movement in funds
10051
Reconciliation of funds:
Total funds brought forward
1,057
Total funds carried forward
11,108
CONTINUING OPERATIONS
Restricted
funds
£
0
0
0
0
0
0
Yr 2023
£
37,456
5
1,902
12,950
52,312
39,670
2,592
42,261
10,051
10,051
10051
1,057
11,108
Total Funds
Yr 2022
£
41,210
6,670
47,880
39,495
3,075
42,570
5310
5310
5310
-4,253
1,057

All incoming resources and resources expended arise from continuing activities.

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Balance sheet as at 31 December 2023

Restricted
Notes Unrestricted
funds
income
funds
2023 Adjusted
2022
£ £ £ £
Fixed assets 5871 5,871 3662
Current assets 300 300 300
Cash at bank and in hand 6 8,864 8,864 3,889
Total current assets 15,035 0 15,035 7,851
Creditors: amounts falling due
within one year 3 940 940 1,056
Net current
assets/(liabilities) 14,095 0 14,095 6,795
Total assets less current
liabilities 14,095 0 14,095 6,795
Creditors: amounts falling due
after one year -2,987 - -2,987 -5,737
Provisions for liabilities - - -
Total net assets or liabilities 11,108 0 11,108 1,057
Funds of the Charity
Restricted income funds 0 0 -
Unrestricted funds 11,108 11,108 1,057
Revaluation reserve -
Total funds 11,108 11,108 1,057

The financial statements were approved by the Board of Trustees on 31st October 2024 and were signed on its behalf by:

Victor Kenny Macarthy- Trustee

Date

31/10/2024

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended.

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 headings, they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs-Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Charity. These include both directly attributable costs and apportioned support costs. Governance costs

Governance costs are the costs associated with the strategic direction of the Charity and with meeting regulatory responsibilities.

Tangible fixed assets

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

Church Equipment 25% straight line basisi Office Equipment 25% straight line basisi

Taxation

The charity is exempt from tax on its charitable 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

The Charity does not presently hold restricted funds.

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Total
Gift Aid
Donations & Legacies
Incoming resources
2.
Special Offering
Tithes
Bank interest
Rent
Other Incoming Resource
Offering
Seed
y
Hall
Unrestric-
ted fund
26,552
10,154
200
360
12,590
5
1,902
51,762
Restric-
ted Fund
550
-
-
550
Yr 2023
550
26,552
10,154
200
360
12,590
5
1,902
52,312
Yr 2022
1,300
26,121
8,147
2,729
6,670
2,913
47,880

CREDITORS

This represents the amount accrued as professional fees for independent examination and professional charges on annual accounts and reports.

Independent
Examination and
Accountancy Fees
2023
2022
580
696
360
360
940
1,056

Trustees Remuneration & Benefits

The following amounts were paid to trustees for various services provided to the cha

2023 2022 £610

The payments are solely related to their services to the charity and are not related to their trustee duties.

Trustees' expenses

Expenses paid to trustees were refunds for expenses they had made on behalf of the charity or travel costs.

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST

(The Harvest Army) (Charity No. 1088581

6. CASH IN HAND & AT BANK

Current Account 1
Current Account 2
Petty cash
Savings
2023
2022
4,031
1,398
4,472
2,332
100
100
261
58
8,864
3,889

7. There were no employees during the year.

8. Prior year adjustment

Adjustsments were made to the financial statement of the year ended 31st December 2022. It was identified that certain income and expenditure of the past years were not properly accounted for. Nature of adjustment

The adjustment pertain to:

a) a repayment of debt to the charity, which was previously reported as offering. (£400)

b) a repayment to a creditor, but previously reported as an expense. (£1500)

c) a reduction in the accruals from £1860 but was £1056.

The above were corrected to ensure accurate representation of the financial position and performance of the charity.

This resulted in increase of the net assets of the charity by £1904.

The above adjustments do not have any cashflow impact and were made to present a true view of the charity's financial statement.

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GLOBAL HARVEST OUTREACH & CHRIST HARVEST CENTRE TRUST (The Harvest Army) (Charity No. 1088581

Detailed Statement of Financial Activitiesfor the Year Ended 31 December 2023

Incoming Resources
Non-Profit Income
Tithes
Offering
Gift Aid
Special Giving
Special Project
Total Non-Profit Income
Other Income Rent Received
Interest Received
Total Income
Resources Expended
Accommodation & Subsistence
Accountancy Fees
Admin and Office costs
Advertising
Bank Charges
Bank Interest
Charitable Donation
Church Entertaining
EFGA Tithes & Charges
Equipment Hire
Honorarium & External Ministries
Cleaning
Miscellaneous Expenses
Missions
Other Miscellaneous Service Cost
Printing, Postage & Stationery
Property Maintenance
Protective Clothing
Purchase of equipment
Sundry
Rent
Rents, Rates & Utilities
Repair and Maintenance
Software Expenses
Subscriptions & Membership Fees
Telephone
Telephone/Phonecards, Internet
Training Costs
Travel Costs
TV Licence
Vehicle Running Costs
Website hosting
Depreciation
Resources Expended
Governance
Insurance
Independent Examination
Total Expenditure
Unrestricted
Fund
£
26,552
10,154
1,902
200
550
39,357
12,950
5
52,312
360
100
75
148
0
303
1,150
3,838
0
3,650
100
66
1,350
610
925
349
145
18,000
3,402
220
525.32
1210
23
170
159
427.79
2363
39,670
2,012
580
42,261
Restricted
Fund
£
0
0
0
0
Total
£
26,552
10,154
1,902
200
550
39,357
12,950
5
52,312
360
100
75
148
0
303
1,150
3,838
0
3,650
0
100
66
1,350
610
925
349
0
0
145
18,000
3,402
220
525
0
1,210
23
0
170
159
0
428
2,363
0
39,670
2,012
580
42,261
2023
2022
£
26,121
7,897
2,913
4,279
41,210
6,670
47,880
157
360
129
25
127
230
1,210
4,468
300
1,350
1,310
1,305
833
481
20
712
18,000
1,780
1,556
419
685
494
441
1584
300
1220
39,495
2,379
696
42,570

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