Charity registration number 1089367 DERBY HALL CHRISTIAN ASSEMBLY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
DERBY HALL CHRISTIAN ASSEMBLY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev S Akwaka Mr L Okraku Ms Mamello Ntsisi Charity number 1089367 Principal address 32-36 Clarendon Road London N8 ODJ Independent examiner Kirk Rice LLP Victoria House 178-180 Fleet Road Fleet Hampshire GU514DA
DERBY HALL CHRISTIAN ASSEMBLY CONTENTS Page Trustee's report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 10-16
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and financial ststements for the year ended 31 December 2024. The financial ststements have been prepared in accordance wth the accounting policies set out in note 1.1 to the financial statements and comply with the Chantable Incorporated Organisation's constitution and Trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019)" Objectives and activities The objectives of the Charity are= al Advancement of the Christian Faith in the United Kingdom and abroad. bl The relief of the persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom and abroad. c} To advance education in such ways and in such parts of the United Kingdom or the wodd as the {UrCh Council from time to time may think fit. The principal activities of the Charity are worship and the involvement of various ministries in txopagating Christian tenets to both members and non-members of the ministry. at various meetings. Public Benefit In carrying out the review of activities during the year, the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advanment of religion for public benefit. The trustees consider that the following activities below provided benefit to members of the church, the local and international community. Worship, Teaching and Prayer We provide and maintain a church building for regular meetings of worship and teachings of the Christian faith where we seek to bring people to a faith in Jesus Christ and encourage them to contribute meaningfully to their community. We also have supplementary rooms for children and young people to worship. Worship and teaching occurred at meetings on 14Vednesday. Friday and Sundays. Over the year there were various extemal speakers from the UK and abroad who were invited to inform and encourage worshippers. Youth Activities The church continued to develop a number of initiatives to enhance the youth group. We organised activities directed at encouraging young people both wthin and ouiside the church family to leam life transforming principles. Pastoral Care As part of our pastoral care our ministry team and the Pastor look after the spiritual wellbeing of the members and the attendants at the Church and this includes regular marriage ceremonies, dedication of babies and funerals. The ministry team and the Pastor make general and specific visits to people who are sick, bereaved and on other occasions. As noted in the Church's policy. sometimes it becomes necessary to administer financial support to members of the congregation, who are in dire financial need. The following Church services and events we provide are available to everyone in the community Bereavement counselling, hospital visits, welfare provision. prayer support. men's meeting events, women's meetings events, youth meetings, pre-marital counselling. singles. seminars. marriage seminars. child dedication, Sunday schools, and a foodbank.
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 OurAchievements include the following Attendance to Wednesday InterssIon has remained steady. Children and youth ministry continue to experien transfomiation and growth and more volunteers involved now. Sunday servi$ are lively and reinvigorated. Men and women ministry are organizing prayer breakfast meetings to encourage one another. We partnered wth Compassion UK and are sponsoring children in Ghana. We successfully partnered with Morrisons and Sainsbury's in feeding the community. We continued our partnership with the Evangelical Allian sharing in their fostering and adoption works around the country. In this same partnership we are helping the Facilitation the Christian voice in the UK to an estimated 20 million people through the evangelical Alliance's activities. Through our Bible a month dub with the Bible society, more bibles were donated to needy Christians in far flung corners of the globe. Owing to their success, the established food bank needs more volunteers and donors to run. Financial review Transactions and Financial position The financial accounts are set out on pages 8-16. The trustees consider the finanaal performance by the charity during the year has been satisfactory. The Statement of Financial Activities show gross reSoUrS for the year of a revenue nature of £62,471. Total resources expended were £86,012 and hence a total of £23,541 was realised as a net deficit. Reserves at the year-end after the realised surplus stand at £340,952. Members are, nonetheless, being encouraged to increase their giving. Reserves Policy ReseNes left at year end were £340,952. These reserves are earmarked chiefly for future building projects including Manse and building projects and other undertakings of capital nature. Trustees as part of the yearly budget review decide what reseeS for the year ending are to be used for. Specific changes in fixed assets Changes in fixed assets are shown in detail in the notes to the accounts. There were no additions in the year. There were no revaluations of the freehold land and buildings in the year. Availability and adequacy of assets of each of the funds The board of trustees is satisfied that the charity's assets a available and adequate to fulfil its obligations. Effectiveness of fundraising policies and Principal funding sources The charity relies on the offerings, tithes and various donations from the members as identified n the accounts, whose support is greatly valued.
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Other areas of sources of funds are: Covenant Gift Aid (from the HM Revenue & Customs) and bank investment interests. These funds enabled the Charity to carry out its obligations during the year. sin COVID-19. regular rental income from nursery and French church is no longer available and Charity is looking to generate exira funds by encouraging members to give generously to support the charrty whilst expenditure is managed effectively. These are the short to medium term strategic goals forthe Charity:. To plant a daughter church in the UK and expand into Africa. Europe and America Build a larger church complex Christian Leadership and Education Various forms of tuition being provided by individuals currently this would expand to become Young Leaders Institute to also teach music and IT skills. Revival meetings As a means of nourishing members and enhancing their spiritual, social and emotional well-being our regular Monday and Thursday online meetings continue to be success and vibrant wilh members actively particpating after we moved to online meeting during Covid-19. Risks 1. Financial The charity is open lo the usual financial risks of any organisation, and the charity has intrOdUd controls to minimize these risks, such as by requiring signatures for payments made from the bank account. There is also stringent vetting of all gift aid claims. 2. Fraud No evidence of fraud was found in the charity's operations. 3. Other Work with children and vulnerable adults are open to risks. The policy is that visitations, counselling and any work involving children are done in pairs. New volunteers to the children ministry are recruited on the basis of AOG policy for the recruitment of volunteers for children's ministry which are in line with the Government policy. Structure, governance and management The charity is controlled by its goveming documerrt. a deed of trust. and constitutes an unincorporated charity. The pastor and the partners retain oversight of matters spiritual. The Trustees who served and are responsible for the Charity during the year and up to the date of signature of the finanaal statements were.. Rev S Akwaka Mr L Okraku Ms Mamello Nlaisi
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Senior Minister shall nominate and the Church Council shall from time to time appoint= The names and addresses of the members of the Church Council shall be entered in the Church records. The minimum number of members of the Church Council shall be three. The Officers of the Church shall be the Chairperson. Secretary and Treasurer. The Chairperson shall be the Senior Minister of the Church from time to time unless the Church Council (in the absence of a Minister or if the Minister declines) shall resolve OtheiSe. The Secretary and the Treasurer shall be appointed by the Church Council but need not be members of the Church Council. Every member of the Church Council after appointment or election or reappointment must sign a declaration of Ilingness to be on the Church Council and to act in the charitable trusts ofthe Church before he or she may vote at any Church Council meeting. The Church Council shall meet at least four times in each Year and shall regulate its own proceedings and may make regulations to deal wth the appointment of ministers. elders, deacons, other appointees and church staff. A quorum of a meeting of the Church Council shall be three, or one third of its members whichever is the higher number. A meeting of the Church Council may be held either in person or by suitable electronic means agreed by the Church Council in which all participants may communicate with all other participants. The Chairperson or {if the Chairperson is unable or unwilling to do so) some other member of the Church Council chosen by the Church Council members present presides at each meeting of the Church Council. Every issue must be determined by a simple majority of the votes cast at a meeting of the Church Council but a resolution which is in writing and is signed by all members of the Church Council is as valid as a resolution passed at a meeting, and for this purpose the resolution may be contained in more than one document and will be treated as passed on the date of the last signatu. A member of the Church Council is not entitled to vote by proxy. 1. A procedural defect of which the Church Council is Unawa at the time does not invalidate decisions taken at a meeting of the Church Council. 2. Vlthenever a member of the Church Counal has a personal interest in a matter to be discussed at a meeting of the Church Council or a commrttee , he or she must.. l. declare an interest before the meeting or at the meeting before discussion begins on the matter; 11. be absent from that part of the meeting unless expressly invited to remain in order to provide information- 111. not be counted in the quorum for that part of the meeting- IV. be absent during the vote and have no vote on the matter. Trustees must sign a dedaration of willingness to serve and complete an MLC2 form for money laundering purposes. Trustees will receive an induction pack and attend regular scheduled trainings.
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Who we are: We are a family where everyone belongs through fellowship and friendship. We are a local church with a global outlook. serving our community and praying for the transfomiation of peoples into the kingdom of God. We're committed to raising Disciples of Christ to do the works of ministry. In obedience to God wll be a prophetic voice to the nations and establish daughter Churches as God grants us grace. We're a missionally focused church as we believe in the equipping of the saints for the works of ministry. Ouryear OfAdvancement We started the year with our theme as advanment based on Joshua 18'.3: And Joshua said unto the children of Isrnel, how long a ye slack to go to possess the land, which the LORD God of your fathe hath given you? We studied and prayed with this scripture for our seasons to change because seasons determine haNest.
DERBY HALL CHRISTIAN ASSEMBLY TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Responsibilities of the Trustees: The trustees are responsible for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the Charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements, the trustees are required to= select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will Continue in operation. The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy at any time the financial position of the charity and 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 ofthe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustee's report was approved by the Board of Trustees. Rev S Akwaka Trustee 29/Lo/2025 Dated:.........................
DERBY HALL CHRISTIAN ASSEMBLY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DERBY HALL CHRISTIAN ASSEMBLY I report to the trustees on my examination of the financial statements of Derby Hall Christian Assembly {the charity} for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the CharitiesAct 2011 (the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared financial statements in aCcOrdae with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no 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 charity as required by section 130 of the 2011 Act,. or 2} the financial statements do not accord those records" or 3} the financial statements 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 COnrnS 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 financial statements to be reached. Kirk Rice LLP Timothy David Neale FCA Victoria House 178-180 Fleet Road Fleet Hampshire GU514DA 2911012025
DERBY HALL CHRISTIAN ASSEMBLY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Unrestricted funds 2023 Notes Income from: Donations and legacies Other trading activities Investments 53,088 4,244 70 41,739 9,610 932 Total income 57,402 52,281 Expenditure on: Charitable activities Charitable expenditure 72,057 63.841 Other expenditure 11 13,955 8.836 Total expenditure 86,012 72,677 Net expenditu and movement in funds 128,610) {20,396) Reconciliation of funds: Fund balances at 1 January 2024 364,493 384,889 Fund balances at 31 December 2024 335,883 364,493 The statement of financial activities indudes all gains and losses recognised in the year. All Irome and expenditure derive from continuing activities. All funds are unrestricted, meaning that no ath'vity is subject to liabilities if they do not follow the funding restrictions stated.
DERBY HALL CHRISTIAN ASSEMBLY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 12 313,151 315,054 Current assets Debtors Cash at bank and in hand 13 17,453 22,044 21,589 42,509 39.497 64,098 Creditors: amounts falling due within one year 14 (16.765) (14.659) Net current assets 22,732 49,439 Total assets less curnt liabilities 335,883 364,493 Net assets excluding pension liability 335,883 364,493 The funds of the charity Unrestricted funds 335.883 364.493 335.883 364.493 2911012025 The financial ststements were approved by the twstees on ......................... Rev S Akwaka Trustee
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Derby Hall Christian Assembly is a Charitable Inrporated Organisation under the Charities Act registered in England and Wales. The registered office is 32 Clarendon Road, London, N8 ODJ. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's constitution and Trust deed, the Charities Act 2011 and "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)" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Updats Bulletin 1 not lo prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports} Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling. which is the fijnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical Cost convention. The principal a¢UntIng policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trleeS continue to adopt the going cOnM basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their Charitable objectives. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 1.5 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 wll 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. 10-
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Freehold property Improvements to property Plant and machinery Equipment Motor vehides NIA 200A on cost 100A on cost 20 % on reducing balance 20 % on reduang balance The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indution exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss {if any). 1.8 Retirement benefits Payments to defined contribution rets'rement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounling estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts other 48,938 4,150 39.739 2.000 53,088 41,739 11
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 GiftAid income 4,244 9,610 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Rental income Interest receivable 900 32 70 70 932 Expenditure on charitable activities Charitable Charitsble expenditure expenditure 2024 2023 Direct costs Staff costs Welfare donations Conferences Events Subscriptions 24,766 5,980 999 870 4,072 24,951 3.620 1.382 500 5.072 36,687 35,525 Share of support and governance costs (see note 7) Support Governance 30,969 4,401 25,164 3,152 72,057 63,841 Analysis by fund Unrestricted funds 72,057 63.841 12-
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities Support costs 2024 Support Governance costs costs 2023 2023 Total 2023 Depreciation Bank loan interest Insurance Musical services Telephone Photocopiers Refreshments Licenses Building project and legal fees Accountancy 3,141 153 1,164 6,232 374 1,618 563 549 11,370 3,141 153 1.164 6.232 374 1,618 563 549 11,370 3,152 1.227 5.800 1.471 763 350 250 18,376 4.401 549 11,370 3,152 35.370 25,164 15,071 28,316 Governance costs includes payments to the Independent Examiners of £3,264. Trustees During the year ended 31 Dember 2024, wages of £23,892 {2023'. £23,892) were paid to Pastor S Akwaka and pension contributions of £1,05912023'. £1,059) on his behalf. This was for pastoral duties carrEd out for the charity. Pastor S Akwaka is permanently employed by the Charity as a Senior Minister, hence his remuneration. In addition, it's one of the requirements as Head Pastor to serve the board as a trustee. During the same period. L Okraku received payments for accountancy services provided of £500 (2023: £500), drummer serVIS provided of £3,060 (2023. £2,620), and hospitality servi$ provided of £350 {2023: £550). Trustee's expenses During the year ended 31 December 2024. expenses were reimbursed to S Akwaka to the value of £7.236 12023= £5,854), to L Okraku to the value of £3,598 (2023.. £2,369), and to M Ntaisi to the value of £Nil {2023: £556) All reimbursed trustees, expenses relate to business expenses paid personally. Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 13-
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees Icontinued) Employment costs 2024 2023 Wages and salaries Other pension costs 23,707 1,059 23,892 1.059 24,766 24.951 No employee received emoluments in ex$$ of £60,000. 10 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11 other Unrestricted Unrestricted funds funds 2024 2023 other office expenses Establishment costs 1,877 12,078 2.742 6,094 13,955 8,836 14-
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Tangible fixed assets Freehold Improvements property to property Plant and machinery Equipment Motor vehicles Total Cost At 1 January 2024 Additions 302,748 3.773 12,374 42,766 762 2,000 363.661 762 At 31 December 2024 302,748 3,773 12,374 43,528 2,000 364,423 Depreciation and impairment At 1 January 2024 Depreciation charged in the year 3,773 11,603 31,230 2,000 48,606 257 2,409 2,666 At 31 December 2024 3.773 11,860 33,639 2,000 51,272 Carrying amount At 31 December 2024 302,748 514 9,889 313.151 At 31 December 2023 302,748 770 11,536 315,054 13 Debtors 2024 2023 Amounts falling due within one year: Prepayments and accrued income 17,453 21,589 14 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 16,765 14,659 15 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 1,059 1,059 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fvnd. 15-
DERBY HALL CHRISTIAN ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended At31 December 2024 General fvnds 364.493 57.402 (86.012) 335.883 PVIouS year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 384,889 52,281 (72,677) 364,493 17 Related party transactions There were no disdosable related paty transactions during the year other than those disclosed in note 8. 16-