2025-03-31-accounts - Only Believe Christian Assembly

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Trustees Annual Report

Year ending 31 March 2025

Only Believe Christian Assembly – London, United Kingdom | Charity number: 1104080 | trustees@obca.org.uk

ONLY BELIEVE CHRISTIAN ASSEMBLY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025

Address for Correspondence

Address for Correspondence 29 Lambeth Walk London SE11 6DU Governing Document Declaration of Trust dated 5 February 2004 Charity Registration Number 1104080 Trustees Responsible for Archibald Harold-Brown Managing the Charity Kingston Koraheng Christian Dadson Jesse Harold-Brown Isaac Anoff-Afiakwa Thomas Dadson Emmanuel Yaboi Amugi Bankers Charities Aid Foundation (CAF) Metro Bank Independent Examiner Lily Anoff-Afiakwa, MAAT LBI Accountancy & PA Services 32 Thomas Rider Way Maidstone ME17 4GA

INDEX

Legal & Administrative Information Page 3 Trustees’ Report Pages 4-5 Independent Examiner’s Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Page 8 Notes to the Accounts Pages 9-11

2 © Only Believe Christian Assembly, London, United Kingdom - | Charity number: 1104080 | trustees@obca.org.uk

ONLY BELIEVE CHRISTIAN ASSEMBLY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The Trustees present the report of the Only Believe Christian Assembly (OBCA) in line with the Charity’s Trust Deed, and the Charity Commission for England and Wales reporting requirements.

Our mission, performance and achievements for the year to 31 March 2025 are hereby reported.

About Us

OBCA is founded on the teachings and doctrines of the Holy Bible as taught by Reverend William Marrion Branham. We firmly believe that the Ministry of this Prophet-Messenger is a fulfilment of the Biblical prophecy in Malachi chapter 4:5-6.

Our Legal & Reporting Framework

OBCA is a Christian Church. We are registered as a Charity with the Charity Commission for England and Wales in accordance with the consolidated Charities Act, 2011.

The Annual Report and the accompanying Receipt and Payment accounts comply with applicable UK law and the requirements of the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities".

Our Mission

Our primary goal is to win souls for Jesus Christ, and to provide a spiritual platform to prepare God’s people for the soon second coming of the Lord, The Rapture , as promised in 1 Thessalonians 4:16-18. We believe and practice the sovereignty of the local Church in accordance with the Apostolic doctrine of the Holy Bible.

Our stand for the Word of God, and practice of The Christian Faith is rooted in five principles (“our pillars”) as adopted by the Church. These are;

1) Malachi 4:5-6; Rev. William M. Branham - our absolute on the interpretation of Scripture
2) The Supernatural
3) Sovereignty of the local Church
4) Brotherhood
5) Vision

Governance & Management

OBCA is governed by the Board of Trustees in line with our by-laws and UK Charity law. Trustees are elected to serve a one-year term. Elections are held at the beginning of each calendar year to re-elect serving members or to vote newly nominated officers to the Board. The vote of the General Assembly follows recommendation and vetting of candidates by the Board of Officers.

The Trustees govern the administration of the Charity as a business group. They have a responsibility to safeguard the Church from indebtedness, manage expenditure and undertake fund-raising investments in consultation with the Ministry of the Church. The Ministry appoints ushers, the music director, the song leader and other ‘helps and governments’ for the day-to-day running of the Charity.

3 © Only Believe Christian Assembly, London, United Kingdom - | Charity number: 1104080 | trustees@obca.org.uk

Programmes & Activities

The programmes and activities of OBCA are designed to further our primary mission of winning souls for Jesus Christ. We welcome people from all communities to hear the Gospel, experience the Love of God, and be ready for the soon coming of the Lord. We pursue these goals by the preaching of God’s Word, holding praise and worship services, prayer meetings, Bible study and prayer retreats, outreach programmes, children’s Sunday school and youthoriented activities.

Our calendar of weekly and monthly activities are as follows:

Sunday Worship Service	10:30am - 3:00pm
Friday Prayer Meeting	8:00pm - 10:00pm
Communion Service (first Sunday of the month)	1:00pm - 5:00pm
Youth Talk (once a month, Sunday after main service)	3:00pm - 3:45pm
Annual Retreat (High Leigh Conference Centre)	July-Aug - summer holiday

All activities take place at the ROSE Community Clubroom, 22 Ascalon Street, Vauxhall, London SW8 4JD, UK.

All are welcome.

For any enquiries, the trustees can be contacted by email on: trustees@obca.org.uk

Public Benefit Responsibility

Our programmes and activities are conducted in line with the Charity Commission public benefit guidance, and the Charity’s Trust Deed to benefit the local community and the public.

Performance & Achievements

We continue to stream our Sunday and Friday services online, reaching not only our members but a global community of Christian friends who regularly join us through digital platforms. The adoption of modern technologies enhanced our board and departmental meetings during the year, face-to-face and online to deliver our programmes and activities. This flexible approach has resulted in considerable time savings, improved efficiency, and overall performance gains for the Charity.

Sunday School (Children & Young People Classes)

Our Sunday School department continued to deliver positive outcomes for the children during the year, thanks to the hard work of the Superintendent and teachers (volunteers) of the department. Feedback from the children and parents was positive in all key areas, especially the desire to study the Word of God and discipline during classes. The parents continued to work closely with the teachers to maintain good attendance and to support their children with weekly homework.

Class transitions progressed smoothly during the year. New children joined the 3–6 age group, some moved into the 7–11 class, and young people who turned 18 graduated from the 12– 17 class to join the Adult Sunday School.

Logistics, Equipment & Production Teams

4 © Only Believe Christian Assembly, London, United Kingdom - | Charity number: 1104080 | trustees@obca.org.uk

Our technical teams continued to play the vital roles of providing the set-up, logistics and digital platforms for the smooth broadcast of our services on Fridays and Sundays. The online streaming of our weekly services has become an integral part of delivering the Gospel of Jesus Christ to our members in the UK and service users worldwide.

The Ministry and Board of Trustees are grateful to the members of our resolute technical teams of IT personnel, ushers, helps and governments for their selfless and invaluable contributions to the work of the Charity throughout the year.

Financial Review

At the year-end 31 March 2025, total income was £120,558 compared to £97,055 at the prior year. Expenditure increased by £47,080 to £110,802. The cash held by the charity increased by £9,757 to £706,815 of which £72,697 is unrestricted and can be used to further the charitable objectives of the Charity at the direction of the Trustees.

Reserves Policy

The trustees have determined that, the charity should aim to hold unrestricted cash of no less than £10,000, which represents three months of unrestricted expenditure. This is to ensure the charity can continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of approximately £72,000.

Going Concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources, in line with its reserves policy to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Risk Statement

The charity is exposed to various risks consistent with the work of charities. The trustees review the charity’s activities regularly to identify any significant risks to take appropriate, timely measures to mitigate those risks.

5 © Only Believe Christian Assembly, London, United Kingdom - | Charity number: 1104080 | trustees@obca.org.uk

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ONLY BELIEVE CHRISTIAN ASSEMBLY

I report to the trustees on my examination of the accounts of Only Believe Christian Assembly (“the charity”) for the year ended 31 March 2025.

Responsibilities & Basis of Report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts 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 Act.

Independent Examiner’s Statement

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

accounting records were not kept as required by section 130 of the Act; or
the accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

…………………………………….

Lily Anoff-Afiakwa, MAAT. (Independent Examiner)

LBI Accountancy & PA Services Ltd 10/11/2025

6 © Only Believe Christian Assembly, London, United Kingdom - | Charity number: 1104080 | trustees@obca.org.uk

ONLY BELIEVE CHRISTIAN ASSEMBLY

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes Receipts Donations & Other receipts A.1 Total Receipts Payments Charitable activities A.2 Total Expenditure Net inflow/outflow of funds Funds brought forward 01/04/2024 Funds carried forward@31/03/2025	Unrestricted Funds £ 67,396 67,396 35,931 35,931 31,465 41,232 72,697	Restricted Funds £ 53,163 53,163 74,871 74,871 (21,708) 655,827 634,119	2025 £ 120,558 120,558 110,802 110,802 9,757 697,059 706,815	2024 £
				97,055
				97,055
				63,722
				63,722
				33,333 663,725
				697,059

All amounts relate to continuing activities and have been rounded to the nearest pound {£} The notes on pages 9 to 11 form part of these accounts.

ONLY BELIEVE CHRISTIAN ASSEMBLY STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2025

B1 Cash Funds Cash at Bank Petty Cash Current Account – General Savings account – Outreach Building Fund Account Investment Account B2 Liabilities Church Building Fund B3 Assets retained for charity's own use Lapel Microphone Henry Vacuum Cleaner Speaker Stands Equipment Rack & Mounting Station 1 Equipment Rack & Mounting Station 2 Bluetooth Audio Receiver HDMI Wireless Transmitter & Receiver Camera Chairs	Unrestricted Funds £ (649) 32,254 - 105,105 136,710 - -	Restricted Funds £ - - 20,105 550,000 570,105 644,706 644,706	2025 £ (649) 32,254 20,105 105,105 550,000 706,815 644,706 644,706 £ 798 180 335 478 118 130 170 2,100 752 5,060

ONLY BELIEVE CHRISTIAN ASSEMBLEY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Accounting Policies

The accounts have been prepared on a receipts and payments basis and comprised a statement that shows the charity’s receipts and payments, a statement that summarises the charity’s assets and liabilities and related notes. These have been prepared to comply with the Charity's governing document; the ‘Trust Deed’, applicable U.K law and the requirements of the Statement of Recommended Practice, ‘Accounting and Reporting by Charities’ and the Charities Act of 1993.

Receipt & Payment Accounting

Revenue Recognition:

Under the receipt basis, revenue is recognised when actual cash is received. This means that income is recorded only when the cash/donations or freewill offerings are collected.

Expense Recognition:

Expenses are recognised when payments are made, not necessarily when the goods or services are received. This focuses on actual cash movements and aligns to the principle of recognising transactions when they affect cash flow.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include freewill cash receipts for the charities outreach activities and building fund donations received from fund-raising projects for the purchase of a dedicated place of worship (property) for the charity.

Adjustments to Prior Year Balances

Building fund donations are now recorded in the Receipts and Payments account and also reflected under the Statement of Assets and Liabilities. Accordingly, prior year (2023) balances related to building fund donations and receipts have been restated in the Receipts and Payments account and presented under the Statement of Assets and Liabilities in this year’s report.

Although the building fund is ring-fenced and restricted for the sole purpose of acquiring a property to serve as the Charity’s place of worship, these donations are recognised as cash receipts until the property purchase is completed.

The Charity continues to receive freewill donations towards its building fund. During the financial year ending 31st March 2025, the Charity received a total of £3,014 in building fund donations. Additionally, £3,305 was earned as interest income on the building fund account between 1st April 2024 and 31st March 2025. Both the donations and the interest income have been recorded in the Receipts and Payments account and reflected in the Statement of Assets and Liabilities.

Receipts: A.1 Donations & Other receipts Freewill Offerings General Donations Building Fund Donations Outreach event Receipts Interest Income Payments: A.2 Charitable Activities Bank Fees Entertainment General Expenses Donations IT Software and Consumables Rent Repairs and Maintenance Equipment and Supplies Subscriptions Telephone & Internet Travel expenses Outreach event payments		Unrestricted Funds £ 45,080 2,790 2,916 - 16,610 67,396 Unrestricted Funds £ 184 3,831 2,074 4,800 204 21,739 - 2,022 657 420 - - 35,931		Restricted Funds £ - - - 52,582 581 53,163 Restricted Funds £ - - - - - - - 186 121 - 477 74,087 74,871		2025 £ 45,080 2,790 2,916 52,582 17,190	2024 £
							43,318 1,235 5,612 39,973 6,917
						120,558 2025 £ 184 3,831 2,074 4,800 204 21,739 - 2,208 778 420 477 74,087 110,802	97,055
							2024 £ 351 2,883 2,451 8,485 1,523 11,930 290 5,990 178 419 11 29,211 63,722

Additional Information

Remuneration

The Trustees received no remuneration for their services to the charity during the year.

Approval of Accounts

The Trustees of the Only Believe Christian Assembly acknowledge their responsibility for;

ensuring that, the charity keeps account records consistent with its day-to-day activities,
preparing accounts which, in their opinion give a true and fair view of its activities as of 31 March 2025 in compliance with applicable U.K. law for small and medium charities.

Having acknowledged the above, the combined Trustees’ Annual Report of achievements, performance, and Accounts of the Charity for the reporting period to 31 March 2025 was approved by the Board of Trustees at its general meeting on 27/11/25 and signed on its behalf by:

……………………………………………………….

………………………………………

Rev. Archibald Harold-Brown (Chair)

Br. Christian Dadson (Co-Chair)