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2025-06-30-accounts

Global Harvest Church (london)

Charity No. 1129288 Company No. 05484475

Trustees' Report and Unaudited Accounts

30 June 2025

Global Harvest Church (london) Contents

Trustees' Annual Report 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Statement of Cash flows 10
Notes to the Accounts 11 to 17
Detailed Statement of Financial Activities 18 to 19

Global Harvest Church (london) Trustee Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 June 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 05484475 Charity No. 1129288

Principal Office

83 Lime Grove Sidcup England DA15 8PH

Registered Office

83 Lime Grove Sidcup DA15 8PH

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

R.O. Adegbuyi O.O. Kosoko O. Osinuga B.O. Thomas

Key Management Personnel Minister in charge Pastor Bayo Osinuga

Accountants Sagay Accounting & Business Services Clockwise, Bromley Old Town Hall, BR1 3FE

Bankers HSBC, 53 High Street, Grays, Essex, RM17 6NH

Page 2

Global Harvest Church (london) Trustee Annual Report

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document are to: * Advance the Christian religion and to relieve poverty and sickness in accordance with Christian principles in the United Kingdom and in such other parts of the world as the Trustees may from time to time think fit. * To preach the gospel in the city of London with an operational focus in the Borough of Dartford, Kent.

The Focus of Our Work

Our main objectives for the year continued to be the advance of the Christian faith and the relief of poverty and sickness.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. The strategies we used to meet these objectives during the year included:

ACHIEVEMENTS AND PERFORMANCE

Some of the significant events that took place during the year are as follows:

  1. Global Harvest organised a three-day retreat for teenagers and young adults themed "Who Am I", held 26-28 July 2024 at the Haven Kent Coast Holiday Park. Through group discussions, team-building exercises and leadership activities, participants developed communication skills, reconnected with their faith, and were encouraged to discover their purpose and engage with their local community.

  2. A family fun day was organised for church members and the immediate community at Dymchurch Beach, Kent on 28 July 2024, reinforcing the church as a community and providing an opportunity to serve and share with the wider public.

  3. Between 24 July and 7 August 2024, Global Harvest delivered online training for volunteers and aspiring volunteers, strengthening skills in safeguarding, communication and ministry support. Key outcomes included increased volunteer confidence, a stronger safeguarding culture, improved quality of service delivery, and greater community engagement.

  4. On 27 September 2024, Global Harvest donated newborn clothes to Darren Valley Hospital.

  5. The End-of-Year Ladies' Retreat was held 1-3 November 2024 at Dover Marina Hotel and Spa. The structured programme of rest, reflection and personal development strengthened wellbeing, deepened relationships and supported spiritual and emotional resilience.

  6. On 16 February 2025, Global Harvest hosted a Valentine Dinner for couples at Sweet Jerk Caribbean Restaurant, Beckenham, providing a relaxed environment to strengthen communication, connection and mutual wellbeing.

  7. On 6 June 2025, Global Harvest held an Appreciation Service for all volunteers, recognising their commitment across the church's ministries. The event strengthened volunteer morale and encouraged continued engagement in service.

Page 3

Global Harvest Church (london) Trustee Annual Report

FINANCIAL REVIEW

In the year ending on 30th June 2025, the Gross Income was £175,801, compared to £130,829 in the previous year (2024). Total expenditure was £138,547 compared to £132,294 in the previous year.

The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The expenditure for the year ended 30 June 2025 amounted to £138,547, and therefore the targeted reserves should be between £34,637 and £69,274 in general funds while current reserves are £92,325.

As such the reserves are more than sufficient to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding.

The principal funding sources of the charity are by way of Donations and Gifts from congregants through tithes and offerings, together with Gift Aid reclaimed from HMRC on eligible donations.

PLANS FOR FUTURE PERIODS

The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Plans are also being developed to become more active within the Dartford community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Organisation is a charitable company limited by guarantee, incorporated on 20th June 2005 The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All trustees give their time voluntarily and receive no benefits from the charity.

Due to the nature of Church work, trustees appointed have been so selected on the basis of their faith, strength of character, skills set in the area of business management, growth and commitment to the vision of the charity.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Page 4

Global Harvest Church (london) Trustee Annual Report

Signed on behalf of the board O.O. Kosoko Trustee 30 April 2026

Page 5

Global Harvest Church (london) Independent Examiners Report

Independent Examiner's Report to the trustees of Global Harvest Church (london)

I report to the charity trustees on my examination of the financial statements of Global Harvest Church (london) for the year ended 30 June 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

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 in order to enable a proper understanding of the financial statements to be reached.

Leslie Omatsola Sagay FCCA Sagay Accounting & Business Services Clockwise, Bromley Old Town Hall

30 April 2026

Page 6

Global Harvest Church (london) Statement of Financial Activities

for the year ended 30 June 2025

or the year ended 30 June 2025
Notes
Income and endowments from:
Donations and legacies
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net (expenditure)/income
8
Transfers between funds
Net (expenditure)/income before
other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
Restricted
funds
Total funds
Total funds
2025
2025
2025
2024
£
£
£
£
-
-
-
-
174,962
-
174,962
130,116
839
-
839
713
175,801
-
175,801
130,829
-
-
-
-
33,502
-
33,502
45,811
105,045
-
105,045
86,483
138,547
-
138,547
132,294
-
-
-
-
37,254
-
37,254
(1,465)
-
-
-
-
37,254
-
37,254
(1,465)
-
-
-
-
37,254
-
37,254
(1,465)
-
-
-
-
55,071
-
55,071
56,536
92,325
-
92,325
55,071

Page 7

Global Harvest Church (london) Summary Income and Expenditure Account

for the year ended 30 June 2025

or the year ended 30 June 2025
Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for impairment of fixed assets
Total expenditure for the year
Net (expenditure)/income before tax for the year
Net (expenditure)/income for the year
2025
2024
£
£
174,962
130,116
839
713
175,801
130,829
-
-
134,834
127,727
3,713
4,567
138,547
132,294
-
-
37,254
(1,465)
37,254
(1,465)

Page 8

Global Harvest Church (london) Balance Sheet

at 30 June 2025

Company No. 05484475

ompany No. 05484475
Notes
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
VAT recoverable from HMRC
Creditors: Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
Reserves
12
Total funds

2025
2024
£
£
-
-
5,767
13,701
5,767
13,701
-
-
65,595
25,265
7,178
-
72,773
25,265
(13,785)
(16,105)
86,558
41,370
92,325
55,071
92,325
55,071
92,325
55,071
-
-
-
-
-
-
92,325
55,071
92,325
55,071
-
-
92,325
55,071

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 June 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 30 April 2026

And signed on its behalf by: O.O. Kosoko Trustee 30 April 2026

Page 9

Global Harvest Church (london) Statement of Cash flows

for the year ended 30 June 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Decrease)/Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
2025
2024
£
£
-
-
-
-
37,254
(1,465)
-
-
3,713
4,567
(839)
(713)
2,346
(19,180)
42,474
(16,791)
-
-
-
-
(1,152)
(5,935)
839
713
(313)
(5,222)
-
-
-
-
40,330
(22,013)
25,265
47,278
65,595
25,265
-
-
-
-
65,595
25,265
65,595
25,265

Page 10

Global Harvest Church (london) Notes to the Accounts for the year ended 30 June 2025

1 Accounting policies

1 Accounting policies
Basis of preparation The financial statements have been prepared in accordance with
Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities
SORP (FRS 102)), the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of
accounting or to
previous accounts
There has been no change to the accounting policies (valuation rules and
method of accounting) since last year and no changes have been made to
accounts for previous years. The charity registered for VAT during the
year; input VAT recoverable from HMRC is recognised as a debtor.
Fund accounting Unrestricted funds: These are available for use at the discretion of the
trustees in furtherance of the general objects of the charity.
Designated funds: These are unrestricted funds earmarked by the
trustees for particular purposes.
Revaluation funds: These are unrestricted funds which include a
revaluation reserve representing the restatement of investment assets at
their market values.
Restricted funds: These are available for use subject to restrictions
imposed by the donor or through terms of an appeal.
Recognition of income Income is included in the Statement of Financial Activities (SoFA)
when the charity becomes entitled to, and virtually certain to receive, the
income and the amount of the income can be measured with sufficient
reliability.
Income with related
expenditure
Where income has related expenditure the income and related
expenditure is reported gross in the SoFA.
Donations and legacies Voluntary income received by way of grants, donations and gifts is
included in the SoFA when receivable and only when the Charity has
unconditional entitlement to the income.
Tax reclaims on
donations and gifts
Income from tax reclaims is included in the SoFA at the same time as
the gift/donation to which it relates.
Donated services and
facilities
These are only included in income (with an equivalent amount in
expenditure) where the benefit to the Charity is reasonably quantifiable,
measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on
revaluation of fixed
assets
This includes any gain or loss resulting from revaluing investments to
market value at the end of the year.
Gains/(losses) on
investment assets
This includes any gain or loss on the sale of investments.

Page 11

Global Harvest Church (london) Notes to the Accounts

Expenditure Expenditure is recognised on an accruals basis. Expenditure includes
any VAT which cannot be fully recovered, and is reported as part of the
expenditure to which it relates.
Expenditure on raising
funds
These comprise the costs associated with attracting voluntary income,
fundraising trading costs and investment management costs.
Expenditure on
charitable activities
These comprise the costs incurred by the Charity in the delivery of its
activities and services in the furtherance of its objects, including the
making of grants and governance costs.
Governance costs These include those costs associated with meeting the constitutional and
statutory requirements of the Charity, including any audit/independent
examination fees, costs linked to the strategic management of the
Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets
and depreciation
Depreciation is provided at the following annual rates in order to write
off each asset over its estimated useful life:
Church Furniture & Equipment 25% Reducing balance
Trade and other debtors Trade and other debtors are recognised at the settlement amount due
after any trade discount offered. Prepayments are valued at the amount
prepaid net of any trade discounts due.
Cash and cash
equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand
deposits with banks and other short-term highly liquid investments with
original maturities of three months or less and bank overdrafts.
Trade and other
creditors
Short term creditors are measured at the transaction price. Other
creditors and provisions are recognised where the charity has a present
obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably.
Value Added Tax The charity registered for VAT during the year ended 30 June 2025.
Input VAT recoverable from HMRC is recognised as a debtor at the
year end.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

Global Harvest Church (london) Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Investments
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Income from donations and legacies
Tithes
Offerings
Gift Aid reclaim from HMRC
Other donations
Income from investments
Bank Interest
Unrestricted funds
Total funds
2024
2024
£
£
-
-
130,116
130,116
713
713
130,829
130,829
-
-
45,811
45,811
86,483
86,483
132,294
132,294
(1,465)
(1,465)
(1,465)
(1,465)
-
-
(1,465)
(1,465)
-
-
56,536
56,536
55,071
55,071
Unrestricted
Restricted
Total
Total
2025
2025
2025
2024
£
£
£
£
81,669
-
81,669
94,041
38,781
-
38,781
36,075
54,012
-
54,012
-
500
-
500
-
174,962
-
174,962
130,116
Unrestricted funds
Total funds
2024
2024
£
£
-
-
130,116
130,116
713
713
130,829
130,829
-
-
45,811
45,811
86,483
86,483
132,294
132,294
(1,465)
(1,465)
(1,465)
(1,465)
-
-
(1,465)
(1,465)
-
-
56,536
56,536
55,071
55,071
Unrestricted
Total
Total
2025
2025
2024
£
£
£
839
839
713
839
839
713

4 Income from donations and legacies

5 Income from investments

Page 13

Global Harvest Church (london) Notes to the Accounts

6 Expenditure on charitable activities

6 Expenditure on charitable activities
Expenditure on charitable activities
Service, Ministry and event costs
Missions, giving and welfare
Purchases and materials
Food and refreshments
Governance costs
Legal and professional costs -
Independent Examination fees
7 Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on disposal of
fixed assets
General administrative costs
Legal and professional costs
Unrestricted
Restricted
Total
Total
2025
2025
2025
2024
£
£
£
£
-
-
-
-
27,341
-
27,341
38,645
1,961
-
1,961
1,726
1,708
-
1,708
-
740
-
740
-
31,750
-
31,750
44,971
-
-
-
-
1,752
-
1,752
840
-
-
-
840
33,502
-
33,502
45,811
Unrestricted
Restricted
Total
Total
2025
2025
2025
2024
£
£
£
£
45,306
-
45,306
34,822
5,133
-
5,133
1,193
40,980
-
40,980
28,059
3,713
-
3,713
4,567
7,313
-
7,313
11,820
2,600
-
2,600
6,022
105,045
-
105,045
86,483

Page 14

Global Harvest Church (london) Notes to the Accounts

8 Net (expenditure)/income before transfers

2025 2024
This is stated after charging: £ £
Depreciation of owned fixed assets 3,713 4,567
9 Staff costs
2025 2024
£ £
Salaries and wages 39,687 32,082
Social security costs 5,487 2,544
Pension costs 132 132
Casual and sessional staff - -
45,306 34,822
- -
No employee received emoluments in excess of £60,000. - -
10 Tangible fixed assets
Church Furniture & Total
Equipment
£ £
Cost or revaluation - -
At 1 July 2024 57,453 57,453
Additions 1,152 1,152
At 30 June 2025 58,605 58,605
Depreciation and impairment - -
At 1 July 2024 43,752 43,752
Impairment charge for the year 5,373 5,373
Depreciation charge for the year 3,713 3,713
At 30 June 2025 52,838 52,838
Net book values - -
At 30 June 2025 5,767 5,767
At 30 June 2024 13,701 13,701

Page 15

Global Harvest Church (london) Notes to the Accounts

11 Creditors: amounts falling due within one year

11 Creditors: amounts falling due within one year
2025 2024
£ £
Other taxes and social security (8,140) (10,450)
Wages control account (5,645) (5,645)
(13,785) (16,105)
12 Movement in funds
At 1 July 2024 Incoming Resources At 30 June
resources expended 2025
(including other
gains/losses )
£ £ £ £
Restricted funds: - - - -
Restricted income funds: - - - -
Total - - - -
Unrestricted funds: - - - -
General funds 55,071 175,801 (138,547) 92,325
Total funds 55,071 175,801 (138,547) 92,325
13 Analysis of net assets between funds
Unrestricted funds Restricted funds Total
£ £ £
Fixed assets 5,767 - 5,767
Net current assets 86,558 - 86,558
92,325 - 92,325

Page 16

Global Harvest Church (london) Notes to the Accounts

14 Reconciliation of net debt

14 Reconciliation of net debt
At 1 July 2024 Cash flows At 30 June 2025
£ £ £
Cash and cash equivalents 25,265 40,330 65,595
25,265 40,330 65,595
Net debt 25,265 40,330 65,595
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
2025 2025 2024 2024
Land and
Other
Land and Other
buildings buildings
£ £ £ £
Operating leases with - - - -
expiry date:
Pension commitments
2025 2024
£ £
The pension cost charge to the company amounted to: 132 132
16 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 17

Global Harvest Church (london) Detailed Statement of Financial Activities

for the year ended 30 June 2025

or the year ended 30 June 2025
Income and endowments from:
Donations and legacies
Tithes
Offerings
Gift Aid reclaim from HMRC
Other donations
Investments
Bank Interest
Total income and endowments
Expenditure on:
Charitable activities
Service, Ministry and event costs
Missions, giving and welfare
Purchases and materials
Food and refreshments
Governance costs
Legal and professional costs -
Independent Examination fees
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Casual and sessional staff
Staff welfare
Unrestricted
funds
Restricted
funds
Total funds
Total funds
2025
2025
2025
2024
£
£
£
£
-
-
-
-
-
-
-
-
81,669
-
81,669
94,041
38,781
-
38,781
36,075
54,012
-
54,012
-
500
-
500
-
174,962
-
174,962
130,116
-
-
-
-
839
-
839
713
839
-
839
713
175,801
-
175,801
130,829
-
-
-
-
-
-
-
-
-
-
-
-
27,341
-
27,341
38,645
1,961
-
1,961
1,726
1,708
-
1,708
-
740
-
740
-
31,750
-
31,750
44,971
-
-
-
-
1,752
-
1,752
840
1,752
-
1,752
840
33,502
-
33,502
45,811
-
-
-
-
39,687
-
39,687
32,082
5,487
-
5,487
2,544
132
-
132
132
-
-
-
-
-
-
-
-
45,306
-
45,306
34,822

Page 18

Global Harvest Church (london) Detailed Statement of Financial Activities

Motor and travel costs
Travel and subsistence
Premises costs
Rent
Premises cleaning
General administrative costs, including
depreciation and amortisation
Depreciation of Church Furniture &
Equipment
Bank charges
Equipment expensed
Equipment repairs and maintenance
General insurances
Information and publications
Postage and couriers
Software, IT support and related costs
Sundry expenses
Telephone, fax and broadband
Office and administrative costs
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
-
-
-
-
5,133
-
5,133
1,193
5,133
-
5,133
1,193
-
-
-
-
38,980
-
38,980
25,822
2,000
-
2,000
1,420
40,980
-
40,980
28,059

-
-
-
-
3,713
-
3,713
4,567
61
-
61
65
-
-
-
2,091
-
-
-
-
-
-
-
418
4,872
-
4,872
2,965
481
-
481
11
181
-
181
1,122
437
-
437
4,528
316
-
316
620
965
-
965
-
11,026
-
11,026
11,820
-
-
-
-
2,075
-
2,075
733
525
-
525
5,289
2,600
-
2,600
6,022
105,045
-
105,045
86,483
138,547
-
138,547
132,294
-
-
-
-
-
-
-
-
37,254
-
37,254
(1,465)
37,254
-
37,254
(1,465)
-
-
-
-
37,254
-
37,254
(1,465)
-
-
-
-
-
-
-
-
55,071
-
55,071
56,536
92,325
-
92,325
55,071

Page 19