## **Global Harvest Church (london)** 

**Charity No. 1129288** 

**Company No. 05484475** 

**Trustees' Report and Unaudited Accounts** 

**30 June 2021** 



Global Harvesl Church Llondon)
Contents
Pages
2to4
Trustees, Annual Report
Independent Examlnert Report
Statement of Flnanclal Activities
Summary lftcome and Expendlture Ac¢ount
Balance Sheel
Motes to the Accounls
9t014
Detalled Statement of Financial Actmtles
15to16
Page 1

Global Harvesl Church (london)
Trustees Annual Report
The Trustees, who are also directors of the chartiy for the purposes of the Companles Act 2006,
present thelr report with the unauflited financial stalements of the chartiy for the year ended 30
June 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 05484475
Charlty No.1129288
Principal Office
28 Panyers Gardens
Dagenham Essex RM10 7FG
Essex
RM107FG
Registered Oflice
28 Panyers Gardens
Dauenham
Essex
RM107FG
Olrectors and Trustees
The Dlrectors ol the charitable company are its Trustees tor the purposes ol Charity law.
The followlno.Dlrectors and Trustees seNed during the year:
R.0. Adegbuyi
0.0. Kosoko
O. Osinuga
8.0. Thomas
Key Managemenl Personnel
Pastor In charge
Accountants
Bayo Osinuga
Inlrachartered Ltd
85 Great PortlarKI Stieet
London
WIW 7LT
Bankers
HSBC
53 Hight Street
Grays
Essex
RM176NH
Page 2

Global Harvest Church (london)
Trustees Annual Report
OBECTIVES ANO ACTIVITIES
The purpose of the charlty as set out In its governing document are- The Advance ol the Chrlsllan rellglon and
to relieve poverty and skkness in accordance wlth Chrlstian prlnclples In the Unlted Klngdom and In such
other parts of the worl1 as the Trustees may from lime to time thlnk ltt.
The main activities undertaken in relation to those purpo$e$ included= 1. Provlslon of Weekty Church Services
on Sunday to mlnistei lo the physlcal. spiritual and material needs of the congregants. 2. Provlsion ot Speclal
Events and Meetings to meet the specillc needs of taryet groups In the Church such as Men. Women. Youth
and Children. 3. Working wlth other Christian agencies and Churches In London to advance Ihe preachlng of
the Gospel. 4. Provlslon ot Pastoral Care lor Congregants and other members ot the communlty
How Our ActSvltles Delfver Publlc Benefit
Our main activities and who we try to help are destrlbed below. All our charltable actlvllles focus on Ihe
advancement of the Chrtstlan relhJEon and the relief of poverty and s*kness.
Who used and beneflted from our Services?
Our Church Servlces are presented with both the regular congregant and the vlsitor or seeker In mSnd. We
ffllni5ter to the physical. mental and spiritual needs of the whole man In our seNlces givlng speciflc
conslderatlon lo the seekers or newcomers In our midst who may nol necessarlly have a church background
and as such may not understand the processes and procedures of Chrlstlanlty.
Durlng the year the Charlty was unable to carry on Its operallons as normal due to the UK Government's
Covld-19 lockdown and shelterlng advlce.
Weekty onllne only seNices were held to continue to ministei to to the physlcal. splrftual and materlal needs
of the ¢ongreuants as a result ol the GGveTnments Covbd-19 sheltering guldellnes.
Online personal development and people empowerment progranlmes where held tor Men and Women, as
well as for married couples and for unmarried individual&
The ¢hurcN provided splrltual. emotlonal and physical support to members of the congregatlon that were
adversely aflected by the Covid-19 pandemlc.
ACHIEVEMENTS AND PERFORMANCE
Despite the challenging environment posed by the pandemic the Church conllnued to carryoul Its aclNftles,
¢arrying oul a number of special events catering to dlfferent demography's Includlng men. women. chlldren.
married and unmarried Indlvlduals. ProvH5ing physirAI. spiritual and mateflal Succour durlng the perlod.
FINANCIAL REVIEW
Aualnst the backdrop of the Covkl-19 pandemlc and the dllllcult economtc elimate we have been successful
In raising a total income 01 £37.953. {2020- £52,538) representlng a 28% reductlon In Income.
Page 3

Global Harvest Church (london)
Trustees Annual Report
The Board of Truslees has examlned the Charitys requlrements for reseNes in light of the maln rlsks to the
organisation. It has established a policy whereby the unrestricted funds not Commltted 01 Invested In
tangible flxed assets held by the chaiity should be between 3 and 6 months ot the expenditure. The
expendlture fol Year ended15 £32730.12020'. £45.155) and therefore Ihe targeted reserves should be
between £8183 and £16.365 in general fund&
The reserves are needed to meet Ihe working capital fequlrements of the charlty and the trustees are
confldent that the cuirent levels of reserves at £23.579 is more than sufltcienl to enable the charity to
f ontlnue Its rurrent actlvltles desptte the *nlflcant drop In fundlng.
PLANS FOR FUTURE PERIODS
The Charlty Plans to conllnue the aclfvltles outllned above In the forthcomlng years subject to satlsfactory
funding arrangements. Plans are also belng developed to become more actNe within the Dartlord
communlty
STRUCTURE. GOVERNA14CE AND MANAGEMENT
Governlng Document
The Organtsation is a Charrtable company Ilmited by guarantee. In¢orpofated on 20th June 2005 The
company was established under a Memorandum of Associalion whlch establrihed the obiects and powers of
the chafltable company and 1$ governed under Its Artkles of A&8oclation. In the event of the company wound
up members are required to contrlbute an amount not exceedlno £10.
Recrultmenl and Appointment ol Trustees
The directors of the company are also charity trustees lor the purposes of charlty law and under tlie
company* Articles are known as trustees. Under the requirements of the Memorandvm and Articles of
Assoclatlon. the trustees are elected to serve for a perfod ol Ihree year5 after wttlch they must be re-elected
at the next Annual General Meeting.
All trustees gfve thelr tlme voluntarfty and recefve no benellts from the charlty. Due to the nalure of Church
work. Irustees appointed have been so selected on Ihe basFS ol their faith. strenllih of character, skllls set In
the area of buslness management and growlh and commitment to the v vlslon of the charlty.
T.he Trustees are responslble for keeping proper accounting records thal dlsclose wlth reasonable accuracy at
any tlme the tlnanclal posltlon ot the charity and to enable them lo ensure Iliat the flnanclal statements
cofflpty wlth the Companies Act 201IS. The Trustees are atso responslble for safeguarding the assets of the
charity and hen¢e taking reasonable steps lor the preventlon and delectlon of fraud and other IrTegularitles.
The above report has been prepared in a¢¢ordance wilh the provisions applicable to companles subject to
the small companles regime as set out In Part15 of the Companle$ Act 21x16 al￿ in accordance wlth the
Charities SORP (FRS 102).
stgned on behalf of the board
0.0. K050ko
Trustee
19 March 2022
Paoe 4

Global Harvest Church (london)
Independent Examiners Report
Independenl Examiner's Report to the trustees of Global Harvest Church {london)
report to the charlty trustees on my examlnation of the accounts of Global Harvest Cliurch Ilondoni for the
year ended 30 june 2021 which comprise the Statement of Flnanclal Activlties, the Summary Income and
Expenditure Account. Ihe Balance Sheet and the related notes.
Responslbilities and basis of report
As the trustees of the charlty land atso Its dlrectors forthe purposes ol company law} you are responslble for
the preparation of the accounts In accordance wlth the requlrefflents of the Companies Acl 2006 {'the 2006
ACL
Having satlslled mysell that the accounts ol the charlty are nol required to b& audSted under Part16 of the
2006 Act and are eligible tor independent examination, I report In respect of ffly examlFratlon ol your
charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act'l. In carrying out
my examlnatlon I have lollowed the Directions glven by the Charlty Commisslon under Section 145(5}(b} of
the 2011 Act.
Independent examinerts Statement
I have completed my examlnatlon. I rAll Confimi thal no materlal Matte￿ have tome to my altentlon In
connectlon with the examlnallon gfving me cause lo belleve thal..
• accountlng records were not kept In accordance wSth section 386 of Ihe 2006 Act . or
• the accounts do nol accord with those records- or
the accounts do not compty wlth the accountlno requlrements under sectlon 396 01 the 2006 Act other
than any requlrement that the accounts give a'true and fair view whlch Is not a matter consldered as
part of an Independent examination- or
• the accounts have not been prepared in accordante with the Charitles SORP IFRS 102).
l.have no concerns and have ¢ome acfOSS no other matters In connectloTr wlth the examlnatlon to whlch
attention should be drawn In thls report In order to enable a proper untlerstandlno of the accounts to be
reached.
Oluseye Mabogunje
FFA. FIPA
Intrachartered Ltd
85 Great Portland Street
London
W1W7LT
19Maich 2022
Page S

Global Harvest Church (london)
Statemenl ot Financial Aclivities
for the year ended 30 June 2021
Unrestrided
funds Total funds Total funds
2021
2021
2020
Notes
Incoffle and endowments
Irom-
Donations and leoacles
Investments
37.934
37.934
52.538
Total
37.935
37,935
52.538
Expenditure on-
Charitable acttvities
Other
24.227
8.503
32.730
24.227
8.503
32.730
27.963
17.192
45,155
Total
Net galns on Investmenls
Nel in¢ome
5.205
5,205
7.383
Transfers between lund$
Net in¢ome before other
gainsll10&8es)
5.205
5,205
7,383
Other galNs and losses
Net movement in funds
5.205
5.205
7.383
Reconciliation of funds..
Total funds brought forward
23.759
23,759
16.376
Total funds carried torward
28.964
28.964
23,759
Page 6

Global HaNest Church Llondon}
Summary Income and Expenditure Account
for the year ended 30 June 2021
2021
2020
Income
37.934
52,538
Interest and Investment Incorne
Gross Income for Ihe year
Expendlture
37,935
28.773
52.538
45,155
Oepreciation and charges lor
Impairment of fixed assets
3,957
2,001
Total expenditure lor the year
Net income belore tax loi the year
32.730
5.205
47,156
S.382
Net income for the year
S.205
5,382
Page 7

Global Harvest Church (london)
Balance Sheet
at 30 June 2021
Company No. 05484475
Noles
2021
2020
Flxed assets
Tangible assets
10
9,871
9.871
6.057
6.057
Current assets
Cash at bank and In hand
19.903
19,903
{810)
19,093
28.964
28.964
18.506
18.506
18041
17,702
23,759
23,759
Creditor3.' Amount lalling due wllhln one year
Net current assels
11
Total assets less current liabllltles
Net assels excludlng pension asset or liability
.T.otal net assets
28.964
23.759
The funds ol the charity
Restrlcted funds
Uftrestricted tund$
General funds
12
12
28.964
28.964
23,759
23,759
Reserves
12
Total funds
28.964
23,759
These accounts have been prepaied in accordance with the speclal provtsions of Part15 of the Companles
Act 2006 relatlng to small companies.
For the year ended 30 lune 2021 the company was entitled to exemption under sectlon 477 of the
Companies Act 2006 felatlng to small companies.
The members have not requlred the company to obtaln an audlt in a¢eordance wlth section 476 of the
Companles Act 2006.
The directors acknowledge thelr responslbllities for complying witn the requirements of the Companies Act
2(M)6 wlth respect to accountlng record$ and the preparation ol account
Appio¥ed by the board on 19 March 2022
And signed on its behalf by:
0.0. Kosoko
Trustee
19 March 2022
Page 8

Global Harvest Church (london).
Notes to the Accounts
for the year ended 30 June 2021
1 Accountlng policles
Basls of preparatlon
The financlal statemenls have been prepared In accofdance with Accountlng and Reportlng by Charltles=
Statemenl ol Recommended Practice applicable to charities preparlng ihelr accounts in accordance wit
Ihe Flnanclal Reporting Standard appllcable In the UK and Republk ol Ireland IFRS1021 leffecllve 1
January 20151 (Charities SORP IFRS10211, the Flnanclal Reportlng Standard applicable in Ihe UK and
Elepubltc ol Ireland IFRS 1021 and Ihe Companies Act 2006.
Change in tsasis of accounting or to previous a¢counls
There has been no change to the accounting policles Ivaluatlon rules and method of accounting) slnce
last year and no changes have been made to accounls for Pfevlous years.
Fund accountino
Unrestricted lunds These are avallable for use at the dlscietlon of the tTVStees In furtherance of the
general obiects of the charity.
Desionated lunds
These are unrestrtcted lunds earmarked by the trustees for particular purposes.
Revaluation funds These are unrestrkted funds which include a revaluation reserwe represenllng ihe
iestatement of Investment assets at their market values.
These are available for use subject to restrictions imposed ty the donor or Ihrough
terms of an appeal.
Restrlcted funds
Income
Recoonltlon ol
income
Income Is Included In the Statement ol Financlal Actlvltles (SOFA) wheft the Charlty
becomes entitled to, and ¥lrtualty certain to receive. the Income and the amount of
the income can be measured wilh sulliclent iellablllty.
Income wlth related Where Income has related expenditure the income and related expendlture ts
expenditure
reported gro￿ In the SOF
Donatlons and
legacies
Voluntary In¢orne re¢elved ty way of grants. donatlons and glfts Is Included In the
the SOFA when re¢elvable and only when the Chariiy has uncondilional
entitlement lo the income.
Tax reclalms on
Income from tax reclalms Is included in the SOFA at the same Ilme as the
donations and gifts glftldonalion to whlch it Tel3tes.
Donated 5erviGes
These are onty included in income (with an eqvfvalenl amount In expendlturel
and faclllties
where the benellt to the Charlty Is reasonabty quantifiable, measurable and
matetlal.
Volunteer help
The value of any volunteer help received is not included in the a¢¢ounts.
Investment Income This Is Included in the accounts when recebvable.
Galnslllossesl on
Thts includes any gain or loss iesultlng Iiom revalulng Investments to market value
ievaluation of fixed at the end of the year.
assets
Galnslllosses) on
Investment assets
Thts includes any galn or loss oft Ihe sale of illvestments.
Page 9

Global Harvesl Church (london)
Notes to the Accounts
Expenditure
Recognillon of
expendfture
Expendlture is recognised oft an accruats basls. Expendilure includes any VAT which
cannot be fulty recovered. and Is Teported as part of the expendllure to whlch It
relates.
Expenditufe on
These ¢omprlse the costs associated wltfl attractlng voluntary Income, fundralslno
r31slng funds
trading costs and Investment management Costs.
Expendllure on
These comprise the costs incurred by the Charlty In the delNery of Its actfvitles and
charllable actlvStles servlces in the furtherance of Its objects. including the making of grants and
governance costs.
All grant expendlture Is accounted lor on an actual pakl ba51s plus an accrual for
grant5 that have been approved by the tiustees at the end of the year but not yet
pild.
These Include Ihose costs assoclaled with meeting the ¢onstitutlonal and statutory
requlremenls ot Ihe Charlty. Including any auditlindependent examinatlon fees.
costs Ilnked to the strateglc management of the CharSty. together wSth a share of
other admlnistrallon costs.
Other expendlture These are support costs nol allocated lo a particular activlty.
Grants payable
Governance costs
Taxation
The charlty is exempi from corporatlon lax on its Charitable a¢tlvilies.
Tanglble flxed assets and depreciation
Depreciatlon Is provided al the following annual Tltes In older to wrlle off each asset over Its estlmaled
useful life:
Flxed Assets
25%% Stralght Ilne
Flxed assets (excludlng Investments) are staled at cost less accumulated depreclallon. The
cost ol minor addilions or those costino below £1000 are not capitallsed. Depreciation Is
provlded at lates calculated to write off the cost of each asset over it5 expected useful life,
whlch In all cases Is e5timaled al 4 years.
Trade and other debtor$
Trade and other deblors are recognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepahl net ol any trade dlscounts due.
Cash and cash equivalents
Cash and cash equlvalents cofflprise cash at bank and on hano. demand deposlts wlth banks and other
short.term hlghly Ilquld Investments with original maturities of three months or less and bank overdrafts.
In Ihe statement of Ilnanclal posltlon. bank overdrafts are shown WFthln borrowings OT currenl liabilitles.
In the Statement ol Cash Flows. cash and cash equNalents are shown net of bank overdrafts that are
repayable on demand antl form an Inteural part ol Ihe company* cash management.
Trade and other creditors
Short term credltors are measured at the transactloTr prlce. Other creditors and PTOVi5ions are recognssed
where the charlty has a presenl oblffjation resulting Irom a past event that wlll probabty result In the
transfer of funds to a third paty and the amounl due to settle the obllgatlon can be measured or
estlmaled rellabty. Credftors and provislons are noFmalty recognlsed at thelF settlement amount after
allowino lor any trade dlscounls due.
Page10

Global Harvest Church (london)_
Notes to the Ac¢ount5
2 Company slatus
The company Is a prfvate company liffllted by guaranlee and consequently does not have share capltal.
3 Statement of FinanGial Activities- p,rioi year
Unrestricted
l.unds Total funds
2020
2020
In¢ome and endowments Irom-
Oonatlons and legacles
Total
52.538
52.538
52.538
52.538
Expendlture on:
Ratsing funds
Charltable actlvltles
Other
7.864
27.963
9.328
45.155
7,864
27,963
9.328
Total
45.155
Net income
7.383
7.383
Net income belore other
gèinsl{lossesl
Other gains and losses..
Net movement in funds
7.383
7.383
7.383
7.383
Reconciliation of funds-.
Total Funds brought forward
Tolal tunds carried forward
16.376
23.759
16,376
23.759
4 Income from donatlons and legacies
Unrestri¢ted
Total
2021
Total
2020
Offering
Tithe
13.401
24.533
37.934
13.401
24.533
37.934
52.538
52.538
5 Income from Inveslmenls
Unrestricted
Total
2021
Total
2020
Bank Interest
Page 11

Global Harvest Church (london)
Notes to the Accounts
6 Expenditure on charitable actNities
Unrestricted
Total
2021
Total
2020
Expendlture on charttable
activities
Pastor's Allowance
SeNices, ministry and events
costs
Vislling mlnlstries
Love glfts and donatlons
Govemance costs
Legal and professional costs-
Independent Examination
fees
12.219
12,219
9.158
9.158
18,419
5(M)
1.588
soo
1.588
5.740
3.048
762
762
756
24.227
24,227
27.963
7 Olher expendllure
lJnrestri¢ted
Total
2021
Total
2020
Administrative expenses
premlses costs- Rent
Sundry expenses
Employee costs
Motor and travel costs
Amortlsatlon. depreclation.
impairment. profiUIos5 on
dlsposal of lixed assets
General administrative costs
Legal and prolessional costs
7.862
400
36
331
100
1.261
331
3.957
3.957
2.001
3.244
3.244
535
8,503
5.940
26
17,192
8.503
8 Net Income belore transfers
2021
2020
Thls ts stated after charglng:
Depreciatlon ol owned flxed assets
Independent Examlnefs fee
9 Stall costs
No employee received emoluments In excess 01 £60.(#)O.
3.957
782
2,001
756
Page 12

Global Harvest Church (london).
Noles to the Ac¢ounts
10 Tangible lixed assets
Fixed Assets
Total
Cost or Tevaluation
Al l Juty 2020
Addltlons
At 30 June 2021
Depreciation and
impairment
At 1 July 2020
epreciatlon charge for the
year
At 30 June 2021
Net book values
At 30 June 2021
At 30 June 2020
11 Creditor5'.
amounts fallino due within one year
31.692
7.771
39.463
31.692
7.771
39.463
25.635
25.635
3.957
3.957
29,592
29.592
9.871
6.057
9.871
6.057
2021
2020
Other credlto
810
810
804
804
12 Movement in funds
Incoming
cesources
Oncluding
other
At 1 Juty gainsllosses
2020
Resources At 30 June
expended
2021
Restricted funds-
Unrestricted lunds..
G'eneral funds
Revaluatlon ReseNes-.
23.759
37.935
(32.7301
28.964
Tolal funds
23.759
37.935
{32.7301
28.964
Page 13

Global Harvest Church Ilondonl
Noles to the Accounts
13 Analysis of nel assets between funds
Unrestricted
lunds
Total
F￿ed assets
Net current assets
9.871
19.093
28.964
9,871
19,093
28,964
14 Re¢onclliation of net debt
At1￿lY
2020
At30June
2021
Cash flows
Gash and cash equlvalents
18,506
18.506
1.397
1,397
19,903
19.903
Net debt
18,506
1,397
19.903
15 Related party dlsclosures
Controlllng paty
The company Is Ilmlled by guarantee and has no shale Capital- thus no slngle party ¢ontrols the company.
Page 14

Global Harvest Church Llondonl
Detailed Stalement of Financial Activitles
for the year ended 30 Jjne 2021
Uniestrlcled
lunds Total funds Total funds
2021
2021
2020
Incorne and endowmentsfrorn:
Donations and legacles
Off erlnu
rrthe
13,401
24.533
37,934
13.401
24.533
37,934
52.538
52,538
Investments
Bank Interest
Total Income and endowments
37.935
37.935
52.538
Expendlture on:
Charitable activllies
Pastort Allowance
Setvices. minlstry and events costs
Visitlng mlnlstrles
Love gifts and donatlon$
12,219
9.158
500
1.588
23,465
12,219
9,158
500
1,588
23,465
18,419
5,740
3.048
27,207
Governance Costs
Legal and professlonal costs- Independenl
Examlnation fees
762
756
762
762
762
756
Total of expendfture on charitable activities
Other expenditure
Admlnistratlve expenses premlses costs-
Rent
Sundry expenses
24.227
24,227
27,963
7.862
400
400
400
400
7,864
Employee costs
Stafl tralnlng
36
36
100
100
36
Motor and travel costs
T,ravel and subststence
331
331
331
331
1.261
1.261
General admlnlslratfve costs, Includlng
depreclatSon and afflorti5ation
Depreclatlon ol Fixed A￿ts
3.957
3,957
2,001
Page.15

Global Harvest Church (london)
Detailed Slatement ol Financial A¢tivilies
Bank charges
Equlpment expensed
Informatlon and publlcations
Postage and couriers
Software. IT support and related costs
Telephone. f&x and broadband
308
963
1,922
1,694
1,242
91
1.110
493
7,201
1.242
91
1.110
493
7.201
1.120
177
7,941
Legal and professlonal cosis
Consultancy fees
Other leoal and professional costs
509
26
535
509
26
535
26
26
Tolal of expenditure of other costs
8.503
8,503
17.192
Total expendlture
Net galns on investments
32.730
32,730
45,155
Net in¢ome
5.205
5,205
7.383
Net intome before other qainsl(losses)
Other Galns
5.205
5,205
7.383
Net movement In funds
5.205
5.205
7.383
Reconclllation of funds:
Total funds brought forward
23,759
23,759
16,376
Total funds carried lorward
28,964
28,964
23,759
Page 16