CharNy reglslratlon number 1104220 (England and Walesl Company r8gislration number 05131178 HARVEST CHURCH LONDON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Faulkner House Victoria Street st Albans Hertfordshire AL13SE Rayner Essex LLP Chartered Accountants HARVEST CHURCH LONDON LEGAL AND ADMINISTRATIVE INFORMATION Board Of Trustees Mr P J Naughton Mr T A Ewuosho Mr T Collins Ms N Anaman Mrs R Osam-Duodu Secretary MTS R Osam-DuiJdu Charity number (England and Wales) 1104220 Company number 05131178 Prlnclpal addr85S Leadershlp Training Centre 4043 Ntyth End Road Wembley Middlesex HA9 OAT Registsred office Leadership Training Cenlre 4043 Norih End Road Wembley Middlesex HA9 OAT Independent examiner Neil Heyes FCA Rayner Essex LLP Faulkner House Vicloria Street St Albans HertsAL13SE Bankers HSBC 133 Regent Street London W18 4HX SollcltOTS Wellers Law Group 65 Leadenhall Street London EC3A 2AD HARVEST CHURCH LONDON CONTENTS Page Trustees, report Slalement of trustees, responsibililies Independent examinerfs rewt Slatement of financial aclivities Balance sheet Slat8mant of cash flows Noles to the financial slatements 9-17 HARVEST CHURCH LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The board of trustees present Iheif annual report and financial stalements for Ihe year ended 31 December 2024. The financial stat8m8nts have be￿ prepw8d in ac£xJrdan￿ *ith th8 acc(wnting ￿l(￿e5 Sat out in not8 1 to th8 financial $tat8ments and comply with the charitls govemiro documont. th8 Companies Act 2006, FRS 102 °The Financial Rep¢yling Standard applicable in Ihe UK and Républ￿ of Irèland. and the Charities SORP "Accounling and Reporting by Charities.. Slatement of Recommended Praclice applicab18 to charilies preparing their accounts in accordanc8 vilh the Financial R8porting StarKlard appI￿abl& in the UK and Republi¢ of Ireland {FRS 102)" Objectlves and actlvltles Our main oblectives are to advance the ChrLsllan faith and to rel￿ pers(￿S who are In conditbns of n88d and hardshlp or slck and io relieve the distres5 caused thereby. The prindpal activity of the ch8TIty durlng the ￿TIOd was to advance Ihe Chrlstlan falth In L(JKlon and oth8r parts of the world and to relieve poverty and hardship. We ar8 a muttFcultural organisalion and our members Include ex addicts. single parents aThJ peop18 Ilving in povety &8 well as doclors. lawyers and dlplomats. Spacifically HaN8St Church's aims ara to: Reach out lo peopla In Ihe UK and b&yorMJ. offeri￿ spwilual. emotion￿ fftical support Nurture and support ￿ople in life and in their faith Train and equip potential leaders . Rdease p8ople into service and ministry We achieve our alms by offering a range of 8divities inC￿dIng. A ne￿ork of around 40 small groups which offer support, mentorM￿ and frlendshlp Personal development and Inner healing weekerKIs A 30 week leadership development programmè Multi-cultural and outreach days Infomial c￿nSellIng and F￿aCtical swtM)rt . National and Int8matKJfHI cfflferer￿s and Mission HARVEST CHURCH LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlgvemonts and performance Significant activities and achiev8m8nts against otygctiv8S HaTV8St Church has continued to serve the interests of Its membeTS. donors. and the wlder communlty through its established programmes. We provide community outreath activities lo reach out to our cornmunities with God's message of love and healing. Through our n8twork of ￿￿eklY men, wijmen, youth and children's cells, we train, coach and equip budding leaders at all levels. The charity is Committed lo training and developing its volunteers and continues its programme of both fom)al and informal training for volunteers In its various deparlments. Thls year the charity has ¢onlinued its outreach and evangelisffl activities to the wider community. These include.. Harvest Soup Kllchen - wo look our fortnightly soup kitchen for ihe homeless a step further. Tha team overseeing the soup kitchen now also take cooked food to the hungry outside ow premises. Impact - we provide mentoring and support for the youth and young adults Ihrough a variety of programmes and events. Food Pantry- we provid8 a variety of fwd items for people in crisis every Saturday. Local Outreach- buildlng rela￿onshIps, befriending and prayer for local people in WeTnb18y ar8a. Deep - a meellng for students in their late teens. mid4wenties which enccwrages social parlicip8tion. 8 l&arning. caring, giving and investing cullure for participant Church on Wheels - we conduct our services to care homes. The Trustees confimi that in Ihe exercise of their powers as charity irustees. they have had due regard to the publlshÉd guldance from Ihe Charitles Commission on the operallon of the public benefit requlremanls and Ihe aims of the ch8rity are carried out for the public ben8fiL Durlng the year: The achievements in year are detailed in the attached Annual Report sUl￿PageS following the Trustees Report. Financial review Th8 financial stat8m8nts have been prepared in accordance wilh the Companies Act 2006 the Ststement of Recommended Practice: Accounting and Reporting by Charities (issued March 2005), FRS102 and the Charity's gov8ming documenls. The surplus for the year of £127.753 is rellected in Ihe reserves. which now stand at £2.138,194. Resarvas policy It is the poll¢y of the charity that unrestrtcted funds which have not been designated for a speGlfic use should be maintained al a level equNalenl to 12 month's expenditure. The board of trustees consider that re58rv8s al this level will ensure that, in the event of a significant drop in funding, they will be able to continue th8 charity's current activltie5 while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Investment pollcy Olher Ihan retaining a level of funds to [￿et the reserve policy of Ihe charity. most of the funds 3fB to be utilised in meeting the main objectives of Harvest Church London. The Iruslees consider it to be prudent to ulilise part of the runds in investing in its own freehold property which has since increased in value and more importantly provided a p&mianent base for all its activities. In the Cur￿n1 period an opportunlty arose to invest in a Company owning premlse5 whlch méet our eXpanSic￿ of premises requirements. As available funds Increase over and above the amount requlred by the reserve pollcy the trustees will revi8W the investment policy to ensure that the returns Ha￿est Church London receive5 is maximised whilsl not detracling funds from Its main objecliv8S. HARVEST CHURCH LONDON TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Structu￿, govamance and management The charity is a company limited by guarante& and has no shar8 (xprtal. The liability of each member in the avent of winding-up is limited to £10. HaNest Church London was incorporated on 18 May 2004 and registered as a charity on g June 2004. The board of trustees, who are also the directors for the purpose of company law, and who SeFved during th8 year and up to the date of signature of the finan(ial stat8ments were: Mr P J Naughton Mr T A Ewuosho MrT Collins Ms N Anaman Mrs R Osam-Duodu ReGruitment and appoinlment of tmstees The directors of the chayilable company are its tru8tees for th8 purpose of charity law and throughout this ￿port are collectively referr8d to as trustee5. Th@ truslees are appoinled from the complement of 24 leader5, all of whom volunleer their services lo tha charity. Full meelings of the truste8s are held quarterly, wilh Meeti￿ of sub. Instead of hatnpers, we delivered £30 Tesco vouchers and a box of chocolates to 140 familles within the Brent and ncighboring boroughs. Our recipients were very grateful. although most of them voiccd a preference for the hampers they had received in previous years. We appreciate all who donated funds to th¢ Christmas Gift from Jesus vision and our voluntccrs who supported us in d¢livering the vouchers and sharing the vision. Cells Winning Souls For Jesus We staited 2024 with a 12-day consecrntion alongside the M16 Revival team (CFAN Evangelists), setting ourselves apart in prayer and fastlDg as we prepar¢d for the vftctories and challengcs of thc ycar. This year also saw Annette, one of our active menthers, travel to Orlando to be fully trained as an evangelist wilh CFAN. We engaged in much more evangelism and outreach to our comrnunity throughout the year, including the Tesidential area near the LTC (Empire Way) and "treasure bunting" or prophetic evangelism in the Wembley area. Our Food Panty and Soup Kitchen outreach has expanded, and we now have a Romanian outreach team, We have sccn many Polish and Spanish speakers Come to the Lord (especially those in the Holiday Innlwembley) who have sinc¢ joined the church and are being followed up by our capable Spanish team. * In March, we partnered with other churches at Capstone Church in IlfordlEast London for an Evangelism Conftrence as we took the gospel to th¢ "Eastern" gale of the city of London. We also partneied with the Brent Family of Chuirhes (a group of evangelist teams from the Brent area) to preach on the streets of North London. * In Jiine. we had our Evangelisrn Conference at the LTC with Kristian Lythe and the Ml 6 Revival team, featuiing gucst ministers Daniel Chand and Olly Goldenberg. It was a powerful time of ministy. challenging us to shinc forth with the gospel and getting our children involvcd in preaching alongside adults on the Streets. We joined the M16 Revival team and other evangelists to preach the gospel at all 334 train stations in London as part of "Opcration l 00." We personally took on 17 stations along the M¢tropolitan and Jubijee lines, from our '￿, at Wemblcy Park to places that had never heard the gospel preached on their streets. It was exciting to see Harvesters who had never preached the gospel-on a train or on the streets with a mic-step out boldLy, win souls, and lay hands on the sick for healing. * In July? we joined the Global Church in London for the Holy Ghost & Fire Conference with Dr. Rodney Howat'd-Browne, where the streets of London werc filled with believers sent out to pi'each the gospel, and buntheds wcre lcd to the Lord. Invite A Friend At the LTC, we beld moTe Guest Services in 2024, where Harvesters invited their not-yct-saved friends who came to the Lord, and we have diligently followed up with them. Chui'ch on Wheels was a great success. as many joined us to take Ha￿est Church to a Care Centre. We saw people, including famili¢s of thc r¢sidents. come to the LA)rd, and we saw th¢ powcr of God touch residents, as some who were sick showed some improvement. We ended the year with an j11Vitation from the Care Centre to celebrate Christh]as with them. Reaching Spiritual Seekers Our Spirit Encounter outreach saw us step more into New Age festivals. such as Olympia and Alexandra Palace, and a new place, Vegfest (ministering to the Vegetarian community at their festival), as well as Pret-a-manger restauranl New Rcading Cards, and Meditation Encounters. We saw many touched by the Lord and continue to be discipled. We also started a new type of outreach called a Dreain Party (online), which encouraged the team to invite their unsaved friends to share thcir dreams for inte￿retatiOll with a trained group of b¢lievers. Finally, in December, we partn¢i"ed ivith believers in the UK via NDOPW (National Day of Prayei. & Worship) for Shine Your Light. Harvesters took Christmas carols to the streets of Wembley with the choir wcarillg red robes, gave out chocolates, preached thc word, and saw pcople visibly touched by the Lord. A huge thank you to everyone on the team. 2024 was indeed our Year of Glorious Shining (Isaiah 60.1-3) as we continued to step out as a team and a church, partnering witb others in the community and the wider Body of Cllrist. Our vision is Luke 5.4: "Launch out into the deep and Ict down your n¢ts for a catch." RAising Champions - Harvest's Children's MinAStry We have an amazing team of volunteers who prepa￿ and exrxute each lesson in fun and engaging ways. We began 2024 by leaching the children a series of lessons on bravery rooted in God's love. They learned about Esther. who was brave enough to speak out. Paul, who boldly pmclaimed tlie gospel. Ehud, who was an uneXpeC￿d hero; and Stephcn, who was fearless in perseculion. During the Evangelists cOnf¢r¢n￿ in March. we were privilcged to have closc to 20 children attcnd a Masterclass Workshop on evangelism held by Pastor Olly Goldenberg. These sessions were fun. interactive, and truly impactful. Jn the morning, the children leamed how to share the gospel and were encouraged to completc several challenges. These ranged from proclaiming blessings over pas.8ers-by, sharing sweets, praying for healing, and woIEhiping God in public. In the aftei'noon. when the children wcnl out to the streets of Weinbley, they all enjoyed canying out th¢ different challenges. Not only did they dance and worship God in public, but many of them also shared the gospel on a one-to-one basis. A few of the children preached on the loudspeaker. powerfully pleading with the public to repent of their sins and surrender their liv¢s to Jesus. Transformed By Jesus In the weeks leading up to Easter, the chilthen were reminded of how Jesus accomplished salvation for His people through FIIS suffering, death, and rcsurrection. He endurcd it all becaubc of His love for us. In May? we had a Children's Encounter attended by 35 children. They were taught to bring negative emotions to Jesus, and many stated that they felt p¢ace after we prayed for them individually. In the final quarter of the year, the children were taught to recognize and be grat¢ful for God's blessiiigs in their lives. They were also encouraged to look to nature during the beautiful autumnal weeks as a witness to God's handiwork in creation. In the last few weeks before Chrislrnas, children gained a deepcr understanding of God's plan for the salvation of humankind through the prophecies about Jesus, who He was, and why He camc. The younger children were delighted to sing two songs that glorificd Jesus during the Christmas Youth Servkce. Young And Dedicated The youth ministiy truly flourished in 2024, with two dedicated events that marked Important Spllitual mom¢nts for our young people. * Summer Special: Our summer event was a vibrant gathering that brought the yoiith together to connect, worship, and gmw in faith. It provided a relax¢d but purposefvl space to strengthen friendships and ¢n¢ouragc spiritual ￿OWth. * Winter Takeover: At our winter event, Zan]ira lcd worship with a reinarkable anointing. It was clear she wasn't just performing with a great voice but leading from a place of deep personal worship> which moved and inspired all of us. Daisy shared an incredible message on planning the year ahead through vision boards. She shared testimoni&8 of how this practice had worked for her, including how she went on holiday to Kenya and met ￿allY of her relatives, including her grandmothcr, in person-a truly special moment. The Poiver Of Vision Boards Every year, our longest-serving youth leadcr helps the youth prayerfully set goals and seek God's direction for the yeai. ahead by creating vision boards. At the ¢nd of the year, we are always flooded with testimonies of God's faithfulness. Some highlights from this year include: I put on my vision board that I wanted to move up to the higher orchestra and receive more advanced bassoon l¢ssons. In September, I was placed in the higher orchestra and given lessons with talented musicians, which really helped me impiDve." * Youth wcnt on holidays they once only dreamed about, to destinations like Barbados and Kenya. * They achieved higher grades in difficult and important subjects lik¢ Matbs and English. * Youi'h receiv¢d clear direction from God about which path to take next. *" Some received healing in a￿aS they nevcr thought possible. * One was accepted into an advanced maths school after a highly competitive process with over 1,000 students and two interview stages, securlng one of only 70 plaLes offered. Growlllg Impact As a result of our vision board tradition, Daisy's preaching at the youth service, and the many encouraging tcstitllonies, we inspired the wider church to host its r￿St-ever Women's Vision Board Paty, Womcn gatheied to crcatc their own vision boards for the year ahcad-a new initiative we are very proud to see birthed from the youth ministry. Life Changers Bible Academy (LCBA) Life Cliangers is a power packcd part-time, one-ycar acadcrny held onlinc on Saturday morniiigs. It is designed to prepare you for your destiny and revolutionize your relationship with God. Its purpose is to help you grow in faith and love so that you can live out His plan for your life. Life Changer8 was given to us as a church by God. Within minutes of waking from a divinely inspired dream, Pastor Paul Naughton had received th¢ entire cuniculum. It transfonns traditional education subjects into revelation fiDm God. For example, a math lesson is about financial prosperity. biology is about multiplying as a cell group. and history is about God's ach]￿ementS in the Old and New Testaments. giving us the faith to change things. We had the honor of seeing seven brilliant students graduate in December 2024, and we want to start the new ycar of Life Changers as soon as possible with more pupils who are hungry to giasp God's wol'd and apply it to their lives. The national lockdowns during the pandemic forced us to move the entire course onliiie. It's a model we have decided to keep because it enablcs anyone in the world with an internet connection to join Life Cliangers, not just those who can get to Wembley on a Saturday moiTring. One week we as teacherq always treasure is when students prepare and deliver prcs¢ntations on i'evivalists such as Smith Wigglesworth and Maria Woodworth-Etter. Every prescntation delivcrcd high-quality revelation and was a foretaste of the type of ministy that will come from our undergraduates in th¢ future. Those who have been on the course bave testified to the skills and gifting it bas given them to fulfill thcir destiny. It has been a real blessing for both stud¢nts and teachers. If you think you'd like to join this year, pleasc see Tim and Sarah. We'd love to welcome you (o Lifc ChaDgers! Tender Lovlng Care 2024 saw the Tendcr Loving Care (TLQ team arise and shine. We Prayed for, wept with, visitcd, and wrapped our arms around Harvcslers and their families wbose loved ones had gone home to be with the Lord. We also honored and celebrated the graduation to glory of one of God's generals and a father of the housc. Dr. Jerry Savell4 who went home to be with the Loid on April 15, 2024. W¢ saw God's hand bring bealing to a fractured knee, people recover after inajoI surgery, and more! It's the Lord's doing and marvclous in our eyes. Joining the Harvest Famlly Our membcrship class¢s, renamed "Joining tbe HaTV¢St Family," spallllcd the months of Septembcr and October. A total of nine Harvesters completed the classes and joined the family. Some seized th¢ opportunity to deepen and reaffimi their commitsnent to serve the Lord and His house, whilc others were getting to know Harvest and understanding our values for the first time. It was wonderful to see God's people coJ]]mittcd to seeing their lives changed and destinies shaped for His kingdom's sakc. Baptised Into Christ Harvest's 2024 water baptism service in September was a truly wonderful time in the prcscnce of God. We had the honor and privilege of baptizing 15 Harvesters (8 adults and 7 young people). Each person shared d personal testimony of their salvation and why they We￿ T¢ady to be baptized. Witnessed by family members, their cell leaders, and fricnds, the heavens wer¢ opene( and the Father's pleasure was palpable as His childreD weiE baptized. It was a WODderful day, and heaven and Harvest rejoiced! Shine Conference This year's conference was truly on another level. Apostle Duane Swilley opened on Friday with an eye-opening teaching and illustration depicting ihe five different levels of covenant relationships: * Our primary covenant with God. * Our covenant with our spouse or people God has joined to us. * Our covenant with other believers. * Our covenant with those we mentor or disciple. * Our covenant with those in tbe world who do not yet know Jesus. We are in covenant with God for the world, not with the world. Prophet Deborah continued on Satuyday rnorning with a heart-stirring teaching on why we must shine and how to i'elease our shine to those in the woild around us. We are the light of the world; we must shinc for the glory of God. Compassion must rnove us to shine our light on those we meet> just as it moved Jesus. We shine by going, by giving, by smiling, and by speaking words of affirmation over others. Wc air to look for opportunities lo shine and must enter every situatioii with compassion, expecting to make an impact. On SatUTday evening, Apostle Duane brought further insights on each 1￿cl of covenant relatioiiship. He spelled out fiv¢ key covenant killers to watch out for. He opened our eyes to our individual responsibility to be mentored and Éo mcntor othe￿. He revealed how giving out what you have ircciv¢d and learned opens the channel for God to giv¢ you even morc. Sunday was crowned with a tag-team teaching from both Apostle Duane and Prophet Deborah to ¢rnpower us to shine using our new knowledge and understanding of covenant relationships. They r¢rninded us that th¢ Harv¢st Church family has been givcll a mandate by God to bc one and to share the same heart-His heart. It is thc pure in heart who see God, and without seeing God, wc cannot shine. We get God's heart by honoring our Level I covenant relationship with Him and then carrying it through tb¢ other foul levels, shining for Him as wc go. Your shin¢ is ￿lOW you, above you, and within you. We all left truly equipped and empowered to shine with compassion in our city, neighborhoods, workplaces, schools, and families for the glory of God. Visiting PreAchers We were honored with visits from Dr. Jesse Duplantis, Nicky Van Der Westhuizen, and Prophet Nana in 2024. * Dr. Jesse Duplantis brought a powerful word on faith. He said that to get in touch with God, you have to use His language: If you want something. you have to say SOiTJething. Instead of becoming mountain climb¢TS," we should be "mountain dissolvc￿,, saying to the mountain. Be moved." The spirit of faith does not have the word "guess" in it. Faith expands our way of thinkin belicving, and living, causing expectation. We must belicve what God said and not somconc clsc's expeiience, and we must not let sorneone clse's snMII tbinking affect our big thinking. Faith and worry arc incompatible. we must never n]ix faith and time, bwausc time will becorne our enemy. * Apostle Nlcky Van Der Westhuizen spoke on the benefits of the anointing. He cited the followillg: * The anointing of God brings supernatural elevation. When it comes upon your life, it lift% you up (Psalm 45.7-8). You will b¢ anointed with the oil of gladness, more than your companions. It 18 impossible to stay at the bottom when the anointing is upon you. You will aiise above the obscw'ity and limitations of youi. life. * The anointing of the Holy Ghost brings favor. It is a fragrance of favor (Psalm 45.8). Your g￿"MentS are scented, carrying a fragrance of the anointing. * Th¢ anointing of God is the secret to fruitfulness. He prayed that the next 12 months would be months of fruitfulness and thal every area of the ministry and every mcmbcT of the church would become frnitful (Psalm 92.10-14). "My horn you have anointed with fresh oil. the iighteous shall floui'lsh like a palm tree." * Speaking on faith, Prophet Nana said that when you have faith, you move God to act, and every mountain will be leveled. He prophesied that we are crossing the line of attack. and once the attack is over, the glory of the Loid will be revealed. There are years that ask questions. but there are years that answer them. He statcd that 2025 is going to answer a lot of questions. Hc said 2024 had been a year of battles and warfare, and that there is no victory without a battle, so we must be ready to fight. Hc reminded us that we need the battle for promotion and that we must keep our faith iiitact. We have become targets of hell, and there are "monitoring spirits" around us. God answers prayei" even if Satan makcs it look like our praycrs are not being answere(L a lot is happening in the spirit realm. We are about to see a manifestation of our prayeiE. He said that faith won't move anything until it moves you, and thc f]rst part of you that faith will move is your rnouth. Tn 2025, we should stop saying that things are hard, because our voice is our address in the spirit. He concluded by saying, "You can lose your marriage, you can lose your job, you can lose your education, but make sure you do not lose your faith. All these things, if you lose tl)em and your faAth is Antact, faith will bring them back.- Touchlng The Natlons Despite the attacks of th¢ enemy, PP and PJ were used by God to bring His glory to His people in many nations. PJ ministered in Houston in January for Joan Hunter, the daughtcr of the famous h¢aling evangelists, the Happy Hunters. At the cnd of the same month, PP and PJ travelled togethcr to Dubai, bringing the glory and healing love of the Ix)rd to King's Revival Church. In February, PJ ministered around Florida. In March. our pastors were joined by Terry & Viv Jackson, Tobi Balogun, Nana Anaman, Amy Djang and Karen May in Houston foi" a powerful family restoration conference. Ministering at Apostle Tomi's church. the Lord used the tsam to bring healing and freedom to adults, t¢eIvaEers alld children. Restoring Women Affected By Trafficklng Later in March, PJ ministered at a conference in Fort Myers for women who had been subjecled to trafficking. The release of healing was phenomenal as broken lives were restored. PP minist¢r¢d at a thriving Latino church in Cape Coyal. also in Florida. There was a mighty breakthrough in the church as PP ministcred undcr a strong prophetic anointing. May saw PJ travcl to Rome, Italy to a church in genuine revival. There was a release of salvalions, healings and great freedom. LAves were transforn]ed by the power of God. God's Glory in Guatamala Latei the same month, PJ ttaveled to Guatamala where a massive Dome was filled with women hungry for a touch of God. One of the oth¢T conference speakers was one of PJ'S heroes! She wa delighted to gct to spend time with Lisa Bevere. June marked a new season as PP and PJ ￿inistered tog¢ther at two breakfasts foT a group of pastois and govcrnment officials. God showed up in His glory. In September. PJ traveled with Amy Djang to Johannesburg in South Africa to minister at a phenomenal women's conference. Hosted by th¢ Vander West Hauzffl]'s, God forever chang¢d the lives of His daught¢rs. PJ'S final trip of the year was back to Houston. Texas where God moved in great power. Two of the other conference speakers shared that they had bccn supernaturally healed of incuL%ble cancer. an encouragement! Together Women's Ministry 'For such a time as this!)? When the Lord impressed on Pastoi. Jo's heart a vision and desire to spend quality time with the women in Harvest Church, the Togcthcr Women s Ministy was birthed. This ministy is dedicated to supporting women in spiritual growth, personal dcvelopment, and godly fellowship. We arc passionate about creating a space where women are empowered. equipped, and strengthened under th¢ guidance of our spiritual mother, prophctess. and pastoi., Pastor Jo. The inaugural Women's Breakfast Meeting in October spread like wildfire. 119 women signed up, and 89 wcrc in attcndance. The LTC was transfonned into a b¢autiful space with floral d¢coi, and the buzz of expectation and physical aDd spiritual hunger was evident. A delicious, mouth-watering banquet was prepared, catering to all needs, from vegan and gluten-free coconut cream porridge to bacon and egg omelet muifins. exotic fruit platters. and so much mor¢. Pastoi" Jo ministered deeply from Esther 4.14, "For such a time as this." She reflected on her p¢rsonal journey of surrender and disappointment. Her testirnony resonated profoundly with the attend¢es, igniting a renewcd faith and a sense of divine purpose among them. The Holy Spirit moved powerfully, bringing healing, dcliverance. encouragement and unity. The succ¢ss of our first meeting was a testament to th¢ preparation that took place behind the scenes. Thc team met forinightly to plan. Pfdy, and execute the vision cncapsulated in Psalm 133.1, "How good and pleasant it is when God's people live together in unity." Testimonies of supernatural provision-including donated foo(L catering equipmenL bcautiful gift bags, and floral arrangementS-w￿¢ furthci conflrniation of God's faithfuln¢ss and heart for His piccious daughters. Every element of the day was visibly and tangibly infused with excellence and love. One attendee remarked, . . The moment I stepped in, I was Surrounded by warnith, love, and encourag¢ment. The message from Pastor Jo was life-changing! It felt like God turned on a switch in the room... I left feeling lighter, as if I had been spiritually renewed. On Monday morning, I told my colleagues all about it, and now they all want to come." The Women's Breakfast Meeting of 2024 was a resounding success, laying a strong foundation for ture events. A special thanks to all the volunteers. Thank you for taking ownership of the ministry alld poiwing out your hearts and prayers! Jn 2025, we n]ove in str¢ngth, and we GO with Joy, Gfiving to God's People Around the World Through our partnerships with other ministries and donations, Harvest bas heard and witnessed countless miracles, church plantings, Ctt￿ades, and the raising of pastors. We have also helped the poor and needy acioss nations such as India, Ghana, Uganda, and Kenya. Harvest raised over £20,000 to fund a water project in Talek, Kenya. For the first time, Talek now has access to 18,000 liters of fresh water per hour. In the last major drought, communities lost their livelihoods, and children drank from the same puddles as animals. Today, the Lord has made fan]inc in Talck history. Below are some examples of what God is doing througb these partnerships. The Rhema Ministy Flies Hlgh Founded by Ewan Denny, Th¢ Rhema Ministry was bom because of a prophetic word spoken to Ewan Denny at Harvest Church. The Rhema Bible School teaches courses desiwied by Ewan to thousands of students in 31 I branches in 33 countries. Rhema Bibl¢ Churches Inteinational has over 42,000 members in 823 branches. The minigty feeds the poor and the hungry with breakfast progi'ams in different countries. It also manages businesses like chicken and dairy farn)ing, groccry shops. and medical clinics to generate funds to build towns. The Rhema Primary School for orphans in Uganda reccivcd Tccognition for being the top school in tbe district. PIaDS ar¢ underway to build a high school as well. TEAMS- Uganda TEAMS (The East African Missionary Society) works with local churches and charities like Harvest that contribute financially to providing t￿lDing programs that enable people to cscape povcrty by developing a new skill or business. Proj¢cts include: * Education: More than 30 oryhans in Northern Uganda have passed through their care in the last 13 years. TEAMS pays school fees for these children and contributes to their upkeep, paying for school items and providing an allowance for food. soap, and other essentials. * Scwing: A two-year part-time coursc that includes practical and thcory, with additional English and health-related lessons. For years, students have sat for Uganda's National Department of Industrial Training exams, and we havc had some ￿eat results. There are very few opportunities for women to learn a skill in Northern Ugallda. and they are frequently undervalued. We offcr a chance for many to gain a life skill while also aiming to build their s¢lf-esteem. * H¢alth: TEAMS provides rural collllnunities with basic health education tbrougb tt'aining programs. The training has enabled some locals to use their qualifications to pursue higher education in pharniacy and to qualify as clinical officeTS. Supporting Persecuted Christians in the UK The Christian Legal Centre safeguards the fr¢eth>m of Christians to live and speak for J¢sus Christ and provides legal support for those taking a stand for Jesus and the truth that flows from Him. Joshua Sutcliffe is a maths teacher with an exemplary record, popular with s¢nior management, parents, and pupils alike. But in 2017, Joshua made headlines after being dismissed for a]legedly "misgendering" a pupil at his school. His dismissal was believed to be the first time a teacher had been banned from teaching for refusing to use preferred pronouns. In 2019. Joshua was forced to resign from another school over views he posted and tall(ed about on his personal YouTube channel critiquing Islam. In May 2023, the Teaching Regulation Agency (TRA) gave Joshua an indefinite ban from the teaching profession, ruling that he was guilty of unpmfessional conduct. In January 2024, it was announced that Joshua's lawyers had appealed the TRA ruling and were pursuing a Judicial Revi¢w of the dccision to ban him. However, on July 25, 2024, a High Court judge rul¢d that Joshua should continue to be banned from the piofession indefinitely. The Christian Legal Centre will continue to support Joshua in his fight for justice. Andrea Williams, chief executive of the Clwistian Legal Centre, said. 'We create a turbulcnt environment in schools when facts are tLmied on their head against the teacher in a context where children are identifying as the opposite sex. Teachers are treading on cggshells for fe￿. of saying the wiong thing. Thc teaching profession is not a safe placc to navigate for Clllistiall tcachers. Expressing long-held c￿lStAan beliefs on marriage and gender can get you suspended, invcstigated, and barred. We will continue to support Joshua for as long as it tak&s to secure justice." AKWO Harvest has been a long-time friend and supporter of Ampiah Kwofi World Outreach (AKWO). Rev. Ampiah Kwof) leads this ministry. which is committed to ttwisfomiing lives in Ghana and beyond. AKWO has taken the gospel to many African coulltries through crusades. Many who arc afflicted with various ailments are healed and delivered from demonic oppression during these crusad¢s. The ministry also trains and empowers church leaders to be mighty men of God. Harvest supports the great work AKWO is doing. India- Bringlng Hope to The Hopeless Founded by Pastor Paul Nadhan], Pr¢mswaroop Ministri¢s continues to shin¢ its light in som¢ of the darkest, most dangerous, and deprived places in India. They are not only meeting physical needs but also the spiritual needs of rnany. The ministry reached over 3,000 villages and 120,000 people with the Gospel in 20241 They started 40 house groups and distributed over l 0,000 bibles. This is a r¢markable achievem￿lt for a place where the persecution of Christians is rampant and where hunger, poverty, and discase stalk the majority of tbe population. Below are some outstanding achievements in 2024 alone: * Gospel tracts distributed: 140,000 * People committed for instant baptisms: 476 * Old Tcstaments distributed: 35 * Families who received flood rejief: 250 * Families who rec¢ivcd groceries: 2,096 * Cooked foods distributed: 900 * Patients who received fruit in hospitals: 2,050 * People who received medical supplies: 2,760 * New Bible schools started: 9 * Students who graduated: 350 * Women trained through sewing centers: 306 * Women who reccived embi'oidery training: 58 * Children & youth who received the gospel and stationery: 15,232 * BlaTth¢ts distributed: 500 * Megaphones given to gospel teams: 4 • House groups planted: 40 Finance Financlal Overvie Buildlng His Kingdom Our great¢st achievements for the year have been paying down our debt on the s￿/0 equity we own on The Grange, our beautiful building in Neasden. We are Currently leasing it to a wonderfi]I special needs services provider, headed by a dear Harvester. We currently owe approximately £425,000 on our 500/0 sharcholding, The second achievement was the complete revamp of the platform area into a mor¢ modern, usable, and interactive space for worship, pi'eaching, and prayer. The feedback has been wonderful, and even though it cost £40,000 to complete, it will last and last. The upgrading of our facilities in the industTial kitchen to accommodate our growing food bank and soup kitchen w¢ighed in at approxiniately £20,000. This vitsl ministry within the church is precious to so many needy families in one of the most in-need boroughs in our nation. Our Year of Go has started wonderfully, with ministy opportunities already fulfilled in America in "the corridors of the mighty." which was the most amazing experience. Oiir joint Harvestlwhole Heart Ministries mission this coming November in Hyderabad, India. is taking shape with a budget of approximately £13,000. The opportunity to touch tndia in such a way will have eternal consequenc¢s. God richly blcss you as your tithes, offerings, seeds. and sacrifices are put to use in our Father's house and beyond. Thank You HARVEST CHURCH LONDON INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF HARVEST CHURCH LONDON I report lo the board of trustees on my examinalion of the financial ststemenls of Harvest Church London (the charily) for the year ended 31 December 2024. Respon$lbllllles and basls of report As the board of trusteas of the charity land also Its dlrectors for the purposes of company lawl. you are responsible for th8 preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself thal the financial statements of the charily are nol required lo be audited under Part 16 of the Compani8s Act 2006 and are eligible for Independent examinatlon. I report In respect of my examination of the charity's flnan¢lal statements carrled out under section 145 of Ihe Charities Act 2011. In carrylng out my examlnatlon I have followed the Directlons given by the Charlty Commlssknn under s8Ction 145(5)(b) of Ihe Charllles Act 2011. Independent examlnerfs statemènt Since the charivs gross income exceeded £250.OCK). thè independent examiner musl be a member of a body listed in section 145 of th8 Charilies Act 2011.1 conffirm that l am qualified to undertake lh8 8xamination because l am a member of the Inslitute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examinalion. I covffirm that rK> matters have come to my att8nlion in connection with the 8xaminalion givlng me cause to believe thal in any material respect accounting records were not kept In respect of the charlly as require(I by section 386 of the Cornpanles Act 2006. the financial stalements do nol aCc￿d with those records: or th8 financial stat8ments do not Comply with the ac¢ounting requirements of saction 396 of the Companies Act 2006 other Ihan any r8quirement that the financial stslements give a true and fair vi8w. which is not a matter considered as part of an independent examination: or the financial stat8ments have not been prepared in ac(x)rdanc8 with the methods and principles of the Statement of Recommanded Practic8 for accounting and reporting by charitl8s applicable to charities preparing thelr financial siatemènls In accordance with the Financial Reporting Standard applicable in the UK and RepUb￿C of Ireland (FRS 102). I hav8 no concerns and have come across no other malters in connection with the examinallon to which attention should be drawn in this report in order to enable a proper undetstanding of th8 financial staternenis to be reached. Nell Heyes FCA Rayner Essex LLP F8ulkn8r House Victoria Stfeet Sl Albans Herts AL13SE 18 September 2025 HARVEST CHURCH LONDON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Unrastrlcted funds fvnds 2024 2023 Note6 Income and endovments from: Tithes and offerlngs Event Income Gift Aid Bookslw sales Cafe sales 523.213 10.725 97.729 2.260 7.259 538,566 6.174 106.732 3,211 8.288 Investment incoma Sundry in(x)m8 1,085 18.003 595 14.021 Total Income 660.274 677,587 Expendlture on: Raising funds Charitable actlvitles 205,005 327.516 167,813 298,203 Total expèndlturo 532,521 466.016 Net income and niovement In funds 127.753 211,571 R•concillatlon of lunds: Fund balances at 1 Jarwary 2024 2,010,441 1,798,870 Fund balances at 31 December 2024 2.138,194 2,010.441 Tha statement of fin8ncial adivitses indudes all gains and frJss8s recognised in the year. Al income and expenditure derfve from contlnulng 8cliwties. HARVEST CHURCH LONDON BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 13 1.634.907 1,590,361 Current assets stocks Investments Cash at bank and in hand 15 7.880 895.400 37,194 8,083 895.400 108.115 940.474 1,011.578 Crodilors: amounts falling due wlthln one year 18 (21.280) {51,245) Nel current assets 919.194 960,333 Total assets less Current Ilabllltles 2.554,101 2.550,694 Creditors: amounts falllng duo aftar more than one year 19 (415.907) (540.253) Net assets 2.138,194 2,010,441 The funds of the charlty Unreslricted funds 20 2.138,194 2.010.441 2.138,194 2.010.441 The company is entitled to the exemptlon from the audit requirement corrtained in secuon 477 of Ihe Companl8s Act 2006, for lh6 year ended 31 December 2024. The directors acknowledge their responsibilities for complying with the requifements of the Companies Act 2006 with respe¢t to accounting records and the preparation of financial statements. Tha memb8rs have not required thè company to obtain an audit of its financial statements for th8 year In question In a¢¢ordance with section 476. These flnancial statements have been prepared in accordance wlth the wovisions applicable to companies subject to the small companies regime. The financial stalements were approved by the board of trustees on 18 September 2025 ,Mr.P J Naughton i)Irector Company regislralion number 05131178 (England and Wales} HARVEST CHURCH LONDON STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Cash flows from operatlng aGtlvllles C8sh generated from operations 149.441 127,267 Investing a¢llvitles Purchase of tangib18 fixed assets Purchase of Investments Investment in¢ome received (67.101 } (2,329) 29,400 595 1.085 Net ¢ash (used In)Igenerated from Invesling activilies (66,016) 27.666 Financing actlvltles Repayment of bank loans {154,346) (140.657} Net cash used in finan¢lng actfvitles (154.346) (140.657) Net Idecrease)linerea89 In cash and cash equivalents (70,921) 14,276 Cash and cash equivalents at beginning of year 108.115 g3,839 Cash and cash equlvalents at end of year 37.194 108,115 HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng polici88 Charity information Harvest Church London is a private company Ilmiled by guarantee incorporated in England and Wales. Th6 reglstered office Is Leadership Tralning Centre, 41H3 North End Road. Wembley. Middlesex, HA9 OAT. 1.1 Basis of proparalion The financial statements have been prepared in a¢¢ordance with lh8 charivs goveming do¢umenl, the Companies Act 2006. FRS 102 "The Financial R8POrting Slandard applicable in the UK and Republic of Ireland and the Charities SORP 'Accounting and Reporting by Charities: Stalemenl of Recommended Practice applicable to charilles preparing iheir accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland {FRS 102)°. The charity is a Publi¢ Benefit Entity as defined by FRS 102. The financial slatements are prepared in sterling. is the fundional currency of th8 charity. Monetary amounts in these financial statements are rounded to the near8sI £. The financial statements have been prepar8d uTrJer the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Charitable funds Unrestricted funds are available for us8 at the disc￿￿(￿ of the board of trust8es in furtherance of thelr charilabla objectives. Reslri¢ted funds aT8 subject to speclfic conditions by donors or grantors as lo how Ihey may be used. The purposes and uses of the restricted funds are set out in Ihe notes to lh8 financlal 5tstements. 1.3 Income Income is recognised when the charlty Is legally entitled to il after any performance conditions have been met, the amounls can b8 measured rellably. and it Is probable that income wll be recelved. Cash donalions ar8 recognised on receipt. Olher donalions are recognis8d once the charity has been notified of the donation. unless perfom)ance condilions require deferral of the amount. Income tax recoverable in relation to donations recerved under Gift Aid or deeds of covenant is recognised at Ihe time of the donalion. The following speclfic pollcles are applied to particular CAtegorles of Sncome: Income from Trth8s & Offerings 15 fully recx)gnis8d in th8 year it 15 received. Café & Bookshop incom8 is recognis8d when the items are sold. Rental income is recc¥Jnised in tha year wh8n invoiced. 1.4 Expendlture Expenditure is réco9nised once there is a legal or conslructive obligation lo Iransfer economic benefit to a third pariy, it Is probable Ihat a transfer of economic benefiis will be required in s8itlement. and the amount of the obligation can be measured reliably. HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles Icontlnuad) All expenditure is accounted for on an aoyuals basis as a liability is incurred. Expenditure exdudes VAT where it is recoverable. Costs of g8nerating funds comprise lh8 costs as8(￿lated with the Maintenan￿ of our premises and the production of PR lit&rature. Charitable expendilure comprises those cosls incurred by the charity in achieving ils objectives including the holding or supporting of conferences and events, pasloral care and support lo other Ministries. 11 includes both costs Ihat can be allocated diredly to such activitigs and those costs of an indirect nature necessary to support thern. Govemance cosls include those costs associated wilh meeting the constitutional and statutory requirements of Ihe charily and indude Ihe audit fees and costs linked lo the strategic managemenl of Ihe charity. All costs are allocated beiween the expendilure categoTies of the Statement of Flnancial Aclivities on a basls designed to refiect Ihe use of the resource. Costs relating to a particular acllvty are allo¢ated dlreclly, other costs are apportioned on an approw1ate basls. 1.5 Tangible flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost 01 valu81ion, net of depreciation and any impaiiment losses. Depre¢iatlon is recognised so as to write off the ¢osl or valuation of assets less their residual values over their useful lives on the following bases.. Freehold property Computer equlpment Officé equipment No depreciation. Land value exceeds propety cost. 25% stralght Ilne 25% straight line Thè galn or loss arising on the dlsposal of an asset is determined as the differen￿ between the sale proceeds and the Ca￿Kn9 value of the ass8t, arKI is TerA)gnised wi the stal8ment of financial activities, 1.6 Impalrmenl of flxed assets At 8ach reporting end date. lh8 charity reviews the carrying amounts of its langibl8 8SS8ls to determine whether there is 8ny indication that those ass8ts have suffered an impairment loss. If any such indication exists, the recoverabla amount of th8 assel is estimated in ordar to determine the extent of the impairment loss (if any). 1.7 Stocks Stocks are slated at Ihe lower of Cost and eslimated selling price less Costs to complete and sell. Cost comprises direct materials and. where apdicable. direcl labour costs and those overheads that have been incurred in bringing the stocks to Ihoir presenl thation and ¢ondilion. Items held for distribution at no or nomlnal consideration are measured the lower of replacement wst and cost. Net r8alisable value is the estlmated selling pric8 less 8118slimated costs of completion and costs to be incurred in markating, selling and distfibution. 1.8 Cash and cash gqulvalents Cash and cash equivalenls include cash in hand. deposits held at call with banks, other short-lerm liquid investmenls wilh Original maturiti8s of three months or less. and bank overdrafts. Bank overdrafts are shown wilhSn borrowings in current liabilitles. 10- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 A¢¢ountlng poll¢les (Continued) 1.9 Financlal inslruments The ch8rity has elected to apply the provlslons of Section 11 'Basic Financial Instruments, and Sectlon 12 'Other Flnancial Instruments Is&LJ8S' of FRS 102 to all of Its flnanclal Instruments. Flnancial instrnments are recognlsed In the charity's balance sheet when the charity becomes party to the contractual provlslons of th8 instrument. Financial assets and liabilities are offset, with the net armunts presented in the financial slatements, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to Settle on a n8t basi5 Qr to realise the asset and sattle the liability simultaneously. Baslc flnan¢lal assets Basic financial assels, which include dobtors and cash and bank balances, are initially measured al transaction price including transaclion cost5 and are subsequenlly carrieL18l amortised cost using the effective interest melhod unless the arrangement constitutes a financing transaction. where the transactlon is measured at the presenl value of the future receipts discounted 8t a market rate of Interest. Financial a&8ets classified as r8ceivable within one year are not amortlsed. Basic financial liabilitles Basic financÈal liabilities, induding crèditors and bank loans are initially recognised at transaction pri￿ unless the arrangem8nt constitutes a financing trans8clion. where the debt instrument is measured at the present value of the future paymenls discount8d at a market rate of interest. Financial liabilities classlfied as payable within on8 year ara not amortised. Debt instruments are subsequenlly carried 8t amortised (a)st. using Ihe effective interest rate method. Trad8 ¢r8dltors are obligations to pay for goods or services that have been acquired in the Ofdinary Gourse of operations from suppliers. Amounts payable are classified as current Ilabillties if payment is due withln one year or t8ss. Ir not, they are presented as nonpar&nt from other sourcès. The estimates and associated assumplions ar6 basad on historical exp8rience and olher faclors that are Considered to be relevanl. Actual resulis may differ from these estimates. The estimates and underlying assumptions are rewewed on an ongoing basis. Rewsions to accounting estimates are re¢ognised in Ihe period in which Ihe estimale is revised where Ihe ravision affecis only that period, or in Ihe period of the revision and future periods where the revision affects both Current and fulure periods. 11 HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from tlth98 and offerings Unre8trlcted Unrestrlcted funds funds 2024 2023 Donations and gifts 523,213 S38,566 Income from charltable activluos Unrestrfcled Unrestrl¢ted funds fund8 2024 2023 Evenl Income Sales of seNices 10,725 6,174 Glft Aid Sales of services 97,729 106,732 Bookshop salos Sale of goods 2,260 3.211 Cafo sa Sale of goods 7,259 8,288 117,973 124,405 Income from investment Incom• Unrestrlcted Unre$trlcted funds funds 2024 2023 Other income 1.085 595 Sundry Incom• Unrestrlcted Unr05tr1cted funds funds 2024 2023 Olher income 18,003 14,021 12- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expondtturè on raising funds Unrestrlcted Unrestricted funds funds 2024 2023 Fundralslng and publicity PR (Literature and brochures) 4.137 4,677 Support ¢osts Office expenses Equlpment and accessories Premises running expenses Depreciation and impairment Llght and heat Repairs and renewals Insuranc8 Bank charges Loan Interest paid Examination 8nd accountancy fees Professional fees Consultancy fees Mlscellaneous 679 2,658 16,069 22,556 23,894 26,423 3,519 6.923 36,371 8.178 1.736 7,219 14.013 7.708 11,608 7.208 3,144 5.908 44,082 6,482 9,305 43.161 1,562 53,328 270 200,868 163,136 Total costs 205,005 167,813 13- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charltable activities 2024 2023 Dlr8cl costs Staff costs Support to other ministries Conference costs Books el Cafe purchas8S Bulldlng costs Foodstuff for evenls PaslDral care Trav81 and hotels Subscriptions 173.893 88,474 9.315 4,024 8.382 7,780 3,800 21,345 3,327 814 176,551 63,610 2.757 7.430 9.155 17.083 13.543 2.086 321,154 293.009 Support and governan￿ costs Telephone Office stationery 4,560 1,802 4,142 1,052 327,516 298.203 Analysls by fund Unrestricted funds 327,516 298.203 Net movement in fund8 2024 2023 The net mvement in funds Is stated after charglngl(crediting): Fees payable for the independent examination of Ihe chartvs financial st81ements Depreciation of owned langible fixed assets 5,100 22,556 4,740 7,709 10 Board Of Trustees None of the board of trustees (or any persons connected with them) r8ceiv8d any r8mun8ration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 14- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Employees (Contlnuedl Employment costs 2024 2023 Wages and salaries 7.598 6,485 There were no 8mployees whose ￿nUal remuneratlon was more than £60,000. Remuneration of key management personnel Th8 remuneration of key management personnel was as follows: 2024 2023 Aggregata compensation 92.867 55,229 12 Taxatlon The charity Is ex8mpt from taxation on its athit*s because ail its income is applied for charitable purposes. 13 Tanglblo flxed assets Fr8&hold property Computsr equlpment Offlc• &qulpmenl Totsl Cost At 1 January 2024 Additions 1.567,255 33.038 137.530 1.737,823 67.101 67,101 At 31 December 2024 1,567,255 33,038 204.631 1.804.924 Depr8cialion and Impaimient Al 1 January 2024 Depreciation charged tn the year 32.070 246 115,391 22,310 147,461 22.556 At 31 D8C8mber 2024 32.316 137.701 170.017 Carrying amount At 31 Decefflber 2024 1,567,255 722 66.930 1,634,907 At 31 December 2023 1.567,255 967 22.139 1,590.361 14 Financial instruments 2024 2023 Carrylng amount of financial assets Instruments measured at fair value through profjt or loss 895,400 895,400 15- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 15 Stocks 2024 2023 Cafe and bookshop 7.880 8,063 16 Currant as50t investments 2024 2023 Unllsted investments 895.400 895.400 17 Loans and overdrafts 2024 2023 Bank loans 431,805 S86,151 Payable within one year Payable after one year 15,898 415,907 45,898 540,253 The bank loan 55 secured against Ihe Charitys property. 18 Credltors: amounls falllng due wlthln one year 2024 2023 Notes Bank loans Other Creditors Accruals and defer￿d Income 17 15.898 982 4.400 45.898 1.627 3.720 21,280 51.245 19 Credilors: amounts falllng due after more than one year 2024 2023 Notes Bank loans 17 415,907 540,253 16- HARVEST CHURCH LONDON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Unrestricted funds The unrestricled funds of the charity LX)mprise the unexpended balancès of donations and grants which are not subject to Specific conditions by donors and gTantors as to how Ihey may b& used. These include designated fsjnds which have b88n set aside of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incomlng Resources fesources expended At31 December 2024 General funds 2.010.441 660.274 (532.521) 2,138,194 Previous year: At 1 January 2023 Incomlng ResoU￿e$ resources expended At31 December 2023 General funds 1.798,870 677.587 (466,016) 2.010.441 21 Related party transactlons The following related party transacti(x)s occurred in the year. The Trustees have made donations to the charity during ihg year amounting in 8ggregate to £42,253 (2023: £23.819). The charity purchased from Mrs J Naugmon, wlfe of dlrector Mr P Naughton. books for resale amounllng to £571 (2023 - £410) and h8r company. Healed for Life Lld, was paid £53,136 {2023; £42,804) In respect of the provision of consultsncy services rendered In the area of marketing. public relations, media managem8nl, management trainlng, staff coaching and strateg1¢ goal achievement on behalf of Harvest Church London. Ruth Djang. a member of Harvest Church London. who also Provides accounlancy seNices lo the company. holds a 50Yo shareholdlng in the company in which Harvest Church London also held a 500A shareholding. 17-