Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
ANNUAL REPORT AND FINANCIAL STATEMEwr
FOR THE YL4R ENDED 31 DECEMBER 2024
PRAISE HARVEST COMMUNTfY CHURCH
CHARrrY REGISTRATION NUMBEIL. 1091412

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
TRUSTEES
Nana Agyeman Asare
Samuel Ankrah
Margaret Awuah
REGISTERED OFFICE
454 High Road
Tottenham
London
N179JD
CHARITY REGISTERED NUMBER
1091412
BANKERS
HSBC
ACCOUNTANTS
DANED FINANCIAL SERVICES LTD
55 ST. PETERS HOUSE
QUEENS ROW, LONDON
SE17 2PU

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
CONTENTS
Pages
Trustees, Report
Accountant's Report
Statement of Financial Activities
Balance Sheet
10
Notes to the Financial Statements

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
REP
RT
FTHETR
TEE
R THE YEAR ENDED
IDE
EMBER 2
24
Governing Document
Praise Harvest Community Church is a charity constituted by a Deed of Trust and is registered
with the Charity Cornmission.
Aims and Objectives
PHCC was created in 2002 to provide facilities for worshipping God and to advance the
Christian Faith. This is achieved through evangelism, fellowship with each other, baptizing and
teaching the word of God from the Bible.
The objectives among others are
The advancement of the Christian Faith.
Worshipping and Praying to God through Jesus Christ.
Evangelizing locally, regionally and internationally.
Expressing God's love to the community by organizing charitable activities in the local
communities as well as sponsoring a needy organization abroad.
Activities
Outreach programs were organized to witness to the members of the public on
Saturdays.
Inter church sports activities were held.
Fund raising activities were organized to raise funds for a school in South Africa.

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
TRUSTEES, RESPONSIBIUTIES
The Charity Act 1993 requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the charity's financial activities during the year and of
its financial position at the end of the year. In preparing these financial statements, the trustees
are required to:
l ) Select suitable accounting policies and then apply them consistently.
2) Make judgements and estimates that are reasonable and prudent.
3) Prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
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 1993.
The charity's policy is to retain reserves, in the forn] of unrestricted funds, to a level where they
equate in value approximately 12 months expenditure. This should provide a reasonably secure
financial base on which to plan future projects and commit to related expenditure, before
external funding has been fully secured. At this level, PHCC would be able to continue its
current level of activities in the event of a significani drop in funding.
This report has been prepared in accordance with the Statement of Recommended Practice,
Accounting and Reporting by Charities (issued March 2005) and in accordance with the
Charities Act 1993.
The Tnisteeq declare that they have approved the Trustees report above.
Signed on behalf of the charity's trustees
Nana Agyeman Asare
Trustee
Date: 2511012025

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
IA
I rqK)rt on the accounts of the Charity for the year ended 31 D￿ernber 2024, which are set out
on the following pagts which have been prepared b&sed on the accounting policies shown An
the corresponding pag&8.
Respectsve rwnsibilities of trustets and examiner
The trustees of the chty are respK)ffjible kn the FryaMion of xcthmts: Ily ciwider that
the audit rquirement under section 43{2) of the Charitie3 Act 1993 (the 1993 Act)), does not
apply. It is my responsibility to:
Examme the ¥xounts under scclion 43{3) of the 1993 ACL
Follow the pr(K&lur&s laid down in the General Directions given by the Charity Commissioners
m* under scction 43(7Xb) of the 1993 ACL and
State whether particular matlers have come to my attention.
BASIS OF114DEPENOENT EXAMINERS REPORT
My examination was carried out ID accordance with the General Direction ￿Ven by the Chan'ty
Commissioner's. An examination included a revicw of the accounting records kepL It also
includds consideration of any Un￿SUal items of disclosures in the accounts. And sceking
examinatioLs from you as trustees concerning any matt¢T5.
The procedures undertaken do not provide all the evidence that would be required in an audi(
and as a rcsult I do noi express an auth't opinion on the view given by the accounts.
INDEPENDEKf EXAMINEIYS sfATEMENT
In accordancc with my examinatioTL no matter h&$ come to my attention:
Which ￿V¢S me a reasonable cause to believe that in any mat¢Tial reSp￿t the
requirements
) keep accounting record in accordance with scction 41 of the J 993 Act and
to preparc which accord with the a¢￿u￿(Ing reconls and to comply with the accounting
requjrements of thc 1993 ACL
Have not been met
2. To which. in my opinion. attention should be dTawn lo enable a proper understanding
of the accounts to ￿ reachuL
DY Amo.
oyte
Accounta41
Msc.PGCert.eAIHcn?s,ACCA

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMMBER 2024
Unrestricted Restrirted Total this Total last
Income Fund
Fund
2024
2024
year
2024
year
2023
Notes
Incoming Resources
Voluntary Income
£227,290
£0 £227,290 £307,800
Totsl Incoming Resources
£227,290
£0 £227,290 £307,800
Resources Expended
Charitable Activities
Governance Cost
Total Resources Expended
£202,639
£0
£202,639
£0 £202,639 £280, 741
£0
£0
£0
£0 £202,639 £280,741
Net Incoming Resources Fc
Transfer between funds
£24,651
£0
£0 £24,651 £27,058
£0
£0
£0
Net Incoming Resources For this year
£24,651
£0 £24,651 £27,058
Totsl Funds Brought Forward
£639,199
£0 £639,199 £612,141
Totsl Funds Carried Forward
£663,851
£0 £663,851 £639,199

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
BALAN
HEET A
AT
IDE
EMBER 2
24
Total
2024
Total
2023
Notes
Fixed Assets
Tangible Assets
£1,251,628
£1,323,790
Current Assets
Prepayment
Debtors
Cash at bank and in hand
Unrestricted
Restricted
£59.992
£27.522
£111,021
£0
£105.281
£0
£171.013
£132.803
Current Liabilities
Amounts falling due within one year
Net Current Assets
£92,367
£78,646
£92.367
£40,436
Long term liabilitles
Amounts falling due after one year
Net A55ets
£927,675
£402,599
£986,078
£378.148
Reserves
Reserves
£402.599
£378.148
£402,599
£378,148
Approved by the Trustees on 25/1012025 and signed on its behalf by
Nana Agyeman Asare
Trustee

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting Policies
Basis of Accounting
The financial statements have been prepared under the hislorical cost convention.
The accounls have been prepared in accordance with applicable accounting standards.
Charities SORP2005 (Accounting and Reporting by Charities) and comply with the
Charities (Accounts and Reports) Regulations 20085 issued under the Charities Act 1993
(as amended Charities Act 2006)
Incoming Resources
Voluntary incomes are received by way of donations and are recognised as incoming
resources when receivable, except insofar as they are incapable of financial measurement.
These are included in the Statemenl ol Financial Activities (SOFA) when:
the charity b¢¢om¢s entitl¢d to lh¢ resources.
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability.
Where incoming resources have related expenditure (as with fundraising or contract
income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants and donations are only included in the SOFA when the charity has unconditional
entitlement to the resources.
Incoming resources from tax reclaims are included in the SOFA at the same time as the
gift to which they relate.
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in kind are accounted for at a reasonable eslimate of iheir value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold
or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when
receivable.
Tangible Fixed Assets and Depreciation
These are capitalised if they can be used for more than one year, and cost at least £500.
They ar¢ valu¢d at cost or a r¢asonabl¢ value on r¢¢¢ipt.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost less estimated residual value of each asset over its
expected useful life as follows with residual value assumed £0.00:
Instruments:
250/0 Straight Line
Fixtures, Fittings and Office Equipment-
250/0 Straight Line
Vehicle..
250/0 Straight Line
Building
40/0 Straight Line

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
NOTES TO THE FINANCIAL STATEMNTS FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure and Liabilities
Liabilitv recognition: Liabilities are recognised as soon as there is a legal or
constructive obligation committing the charity to pay out r¢sources.
Governanee eosts: Include costs of the preparation and examination of statutory
accounts, the costs of trustee meetings and cost of any legal advice to
Irustees on governance or constitulional mallers.
Grants with performance conditions: Where the charity gives a grant with
conditions for ils paymeni being a specific level of service or oulput to be
provided, such grants are only recognised in ihe SOFA once the recipient of the
grant has provided the specified service or output.
Grants pavable without performance conditions: These are only recognised in
the accounts when a commitment has been made and there are no conditions to
b¢ met r¢lating to th¢ grant which remain in th¢ control of the charity-
Support Costs: 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.
io-

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
TE
THE FINAN
IAL
TATEMNT
R THE YEAR ENDED
IDE
EMBER 2
24
Incoming Resources
2024
2023
East Branch
Incoming Resources
£225.410
£231.974
Milton Keynes Branch
Incoming Resources
£0
£74,857
Interest
£1,880
£969
TOTAL
£227,290
£307,800
li-

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
TE
THE FINAN
IAL
TATEMNT
R THE YEAR ENDED
IDE
EMBER 2
24
Resources Expended
Charftable Actlvltles
2024
2023
East Branch
MK Branch
Total
East Branch
MK Branch
Total
Rent
11,017
11,017
51.231
51231
Welfare
250
250
i￿?
IL
Interest Paid
30,676
30.676
34.952
34,952
Petty Cash
Love Offering
Vol Allawance
31
3t
6,650
6,650
34A55
4,￿5
4,t￿5
41,957
34,455
41,957
Phone & Internet
4,070
4.070
3,986
851
4,837
Business Rates
133
1,588
1.722
850
850
1,621
1,621
Conference Costs
5.837
s￿37
2,1
7.825
9,925
Adrnin Costs
4,062
4062
2,772
3.026
Loan Repayment
Property Managetnent
5,717
5.717
2.576
1576
In5urancÈ
7,924
7.924
15,017
15,017
Departmental Costs
Missions
5,900
Travel Cost
1.5
Summer Camp
9,200
4,658
4,658
Building works
Profe55i0nal Fees
3.486
Depreciation
Total
77.012
Illl
77.0
85,074
2fj6,X34
85,074
280,741
192,603
IIAI17
Z03,620
74.iX18
12-

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
TE
THE FINAN
IAL
TATEMNT
R THE YEAR ENDED
IDE
EMBER 2
24
Tangible Fixed Assets
At Cost
Bulldlng
Building
Improvement
Audio Visual
Equlpment
Instruments. Fixtures
& Equlpments
Totsl
Bal Blfwd
Additions
£1,500,000
£59,516
£3,189
£88,993
£3,869
£0
£92,862
1,651,699
£3,869
£0
£1,655,568
Disp055315 or WIOff
Bal Ufwd
£0
£1,500,000
£0
£59,516
£0
£3,189
Depreciation Calculation
Basis
SL
SL
4%
SL
25%
SL
25%
Depreciation
Bal Blfwd
Charge for year
Disposals or W/Off
Bal Clfwd
£240,000
£60,000
£0
£300,000
£9,391
£2,381
£0
£11,772
£3,189
£0
£0
£3,189
£76,297
£14,631
£0
£90,928
£328,876
£77,012
£0
£405,888
Net Book Value
Bal Blfvid
Bal Clfwd
£1,260,01)0
£1,200.000
£50,126
£47.745
£0
£0
£12,697
£1,935
£1,322,822
£1.249,679
13-

Praise Harvest Community Church
Report and Financial Statements
For Year Ended 31 December 2024
Current Liabilities
2024
2023
£74.157
£6.210
£12,000
£92.367
Mortgage payable
Business Bounce Back Loan
Loan Repayment
Balance Carried Forward
£74,157
£6,210
£12,000
£92.367
Long term liabilities
2024
£810,250
£27.991
£89,434
£927.675
2023
£854,613
£33.318
£98,146
£986,078
Mortgage payable
Business Bounce Back Loan
Loans Acquired in Refurbishing Church
Balance Carried Fonward
14-