Charity No: 1132209
CHRIST HERITAGE ASSEMBLY
(A.K.A TRIUMPHANT CHAPEL)
FINANACIAL STATEMENTS AND TRUSTEE REPORT
31[ST] MARCH 2025
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CHRIST HERITAGE ASSEMBLY (AKA TRIUMPHANT CHAPEL) LTD (A COMPANY REGISTERED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Douglas Kanati Miss Chinwe Uzoamaka Madu Mr Patrick Achied
Minister in Charge
Reverend Kennedy Jacob Amiekhai
Secretary
Miss Chinwe Uzoamaka Madu
Charity Number
1132209
Company Number
06510524
Registered Address
St John’s Vicarage Mawney Road, Romford, RM7 7BH
Accountant
Olalekan Akinleye, FCCA,ACMA 6, Ludham Close, Thamesmead, London SE28 8LS
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025
| CONTENTS | PAGE |
|---|---|
| Trustees’ annual report | 3 |
| Independent Examiner’s Report | 6 |
| Statement of financial activities | 7 |
| Balance Sheet | 9 |
| Notes to financial statements | 10 |
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
The Trustees, who are also the Directors for the purpose of the Company Law, are pleased in presenting their report and the examined financial statements of the Charity for the year ended 31[st] March 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Trustees and the Pastorate retain the oversight of the Church activities and management. Trustees and other leaders meet regularly to discuss, plan, direct and review the operations of the Charity.
There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by general charity law.
ACHIEVEMENT AND PERFORMANCE
The financial year 2024/25 was good and encouraging despite the general challenges confronting Churches at large. The attendance in, and commitment of the Church members and volunteers to Church programme and events remain encouraging. New members joined and few left in the year under review.
The income of the Charity is wholly from the members’ contributions through regular tithes and offering, and the gift aid repayment thereon. The Church gross income grew by 12.3% to £176,094 from £156,769 in the previous year; while resources expended during the year increased marginally by 12.6% to £174,492 in the previous year from £154,907 in the year under review. A surplus of £1,602 was recorded during the year compared to the deficit of £1,862 in the previous year. The Church expects a continuous growth in her membership and this is expected to improve the income of the Church in the coming year.
The board of Trustees and the Directors are of the opinion that the Church remains a going concern and will continue to carry out its charitable objectives in the year ahead.
RESPONSIBILITIES OF THE TRUSTEES
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with the applicable laws and regulations. Company law requires the trustees to prepare financial statements in accordance with the United Kingdom’s Generally Accepted Accounting Practice (United Kingdom Standards and applicable law). The financial statements are required by
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
Law, to give a true and fair view of the state of affairs of the Charity and of the surplus or deficit for that period.
In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Make judgements and estimates that are reasonable and prudent
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed: Patrick Achief Trustee
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43 of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7) (b) of the Act); and
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to state whether particular matters have come to my attention.
BASIS OF THE INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT
In the course of my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Olalekan Akinleye, FCCA,ACMA Independent Examiner
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31[ST] MARCH 2025
INCOMING RESOURCES Incoming resources from generated funds Voluntary income: Tithes and Offering Investment Income Total Gift Aid Repayment Total Incoming Resources RESOURCES EXPENDED Cost of generating funds: Charitable expenditure Management and Administration TOTAL RESOURCES EXPENDED Net Incoming (Outgoing) Resources Net Movement In Funds Balance at 1stApril 2024 Prior Year Adjustment Balances at 31stMarch 2025 |
2025 2024 Note Unrestricted Restricted Total Fund £ £ £ £ 2 143,929 0 143,929 121,221 0 0 0 0 3 32,165 0 32,165 27,548 176,094 0 176,094156,769 4153,072 0 153,072 138,211 521,420 0 21,420 16,696 174,492 0 174,492154,907 1,602 0 1,602 1,862 7 1,602 0 1,602 1,862 (1,711) 0 (1,711) 3,137 0 0 0 (6,710) (109) 0 (109)(1,711) |
|---|---|
All movements are in Unrestricted Funds
The notes on page 12 to 16 form part of these financial statements.
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
BALANCE SHEET YEAR ENDED MARCH 31[ST] 2025
Note FIXED ASSETS Tangible assets 9 CURRENT ASSETS Cash at bank in hand 10 CREDITORS:Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due 12 after one year NET ASSETS TOTAL FUNDS |
£ 16,526 16,526 (3,704) |
2025 2024 £ £ 16,493 14,683 12,822 (2,362) 29,315 12,321 ( 7,749) (14,030) 21,566 (1,710) 21,566 (1,710) |
2025 2024 £ £ 16,493 14,683 12,822 (2,362) 29,315 12,321 ( 7,749) (14,030) 21,566 (1,710) 21,566 (1,710) |
2025 2024 £ £ 16,493 14,683 12,822 (2,362) 29,315 12,321 ( 7,749) (14,030) 21,566 (1,710) 21,566 (1,710) |
|---|---|---|---|---|
21,566 (1,710) |
||||
21,566 (1,710) |
These financial statements were approved by the board of Trustees on 30[th] October 2025.
Audit Exemption Statement:
For the year ending 31[st] March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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DIRECTORS’ RESPONSIBILITIES:
The members did not require the company to obtain an audit of the accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to all small companies regime.
These financial statements were approved and signed by the directors and authorised for issue on 30[th] October 2025.
Signed: Patrick Achief Director/Trustee
The notes on pages 12-16 form part of these financial statements.
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) issued in December 2005 and applicable accounting policies adopted in the preparation of the financial statements as follows:
Incoming Resources
Income from tithes and offerings is included in incoming resources when these are receivable. Investment income consists of net interest received during the year and accounted for as unrestricted.
Resources expended
Resources expended are included in the Statement of Financial Activities on accrual basis, inclusive of VAT which cannot be recovered. Certain expenditure is attributable to specific activities and has been in those cost categories.
Depreciation
Depreciation is calculated so as to write off the cost of an asset on a straight line basis over the useful economic life of the asset concerned. The principal rates used for this purpose which are consistent with those of past years as follows:
Furniture and Fittings 20% Musical Equipment 20% Motor Vehicle 25% Equipment 20%
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(2) DONATIONS
| Tithe & Offering (3) GIFT AID REPAYMENT FOR THE YEAR Total gift aid repayment for the year: (4) COST IN THE FURTHERANCE OF CHARITABLE OBJECTS Provision of charitable services: PAYE & NIC Wages & Salary Church Rent Church events & Programs Energy & Gas TV Insurance Church Administrator Donations Building Maintenance Printing & Design Water Equipment Repairs Members' Welfare Support Travel & Fuel Motor Insurance Motor Vehicle Lease Vehicle Maintenance & Other Costs Business Rate Finance Cost Total |
2025 2024 £ £ |
|---|---|
| 143,929 129,221 |
|
| 2025 2024 |
|
| £ £ |
|
| 32,165 27,548 |
|
| 2025 2024 £ £ 333 511 9,878 10,654 65,370 60,000 6,798 2,657 4,735 4,828 432 394 3,300 3,600 9,831 13,705 340 0 1,670 2,170 0 147 0 0 2,946 1,353 10,986 6,763 9,472 7,362 17,098 13,197 2,865 2,988 3,201 3,102 3,819 4,781 |
|
| 153,072 138,212 |
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
(5) MANAGEMENT AND ADMINISTRATION
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Office costs | 5,871 | 4,929 |
| Accounts/Professional Fees Total (6) TOTAL RESOURCES EXPENDED |
8,580 14,450 |
11,550 16,479 |
| 2025 | 2024 | |
| £ | £ | |
| Direct charitable expenditure | 153,072 | 138,211 |
| Fundraising and publicity | - | - |
| Management and Administration | 21,420 | 21,181 |
| 174,492 | 140,454 | |
| No salaries or benefits have been paid to trustees, including the members of the | ||
| various departments during the year. | ||
| (7) TOTAL RESOURCES EXPENDED (continued) |
| Sundry expenditure Telephone Stationery & Office Consumables Accounts/Professionals fees/Consultancy Depreciation Total |
2025 2024 £ £ 490 0<br>2,902<br>3,027<br>2,478<br>1,902<br>8,580<br>11,550<br>` 6,969 217 21,420 16,696 |
|---|---|
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
(9) OPERATING SURPLUS
Operating surplus/(Deficit) is stated after charging:
| Depreciation | 2025 2024 £ £ 6,969 217 |
|---|---|
(10) TANGIBLE FIXED ASSETS
| COST: At April 01, 2024 Addition Disposal Costs at March 31, 2025 DEPRECIATION As at April 01, 2024 Disposed Asset Charge for the year At March 31, 2025 NET BOOK VALUE At March 31, 2025 At March 31, 2024 |
Musical Motor Equipment Furniture Equipment Vehicle & Fittings £ £ £ £ 5,230 39,434 19,399 8,956 2,430 - 6,350 - - - |
Total £ 73,019 8,780 - |
||
|---|---|---|---|---|
| 7,660 39,434 19,399 15,306 |
81,799 | |||
| 1,427 39,434 10,220 7,255 532 4,850 1,588 |
58,337 6,969 |
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| 1,959 39,434 15,070 8,843 5,701 - 4,329 6,463 3,803 - 9,179 1,701 |
65,306 16,493 14,682 |
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CHRIST HERITAGE ASSEMBLY AKA TRIUMPHANT CHAPEL LIMITED TRUSTEES ANNUAL REPORT YEAR ENDED 31[ST] MARCH 2025
| (11) DEBTORS Deposit for Lease (Sundry Debtor) Prepayment (12)CREDITORS: Amounts falling due After one year Covid-19 Bounce Back Loan 01/04/2024 Interest Charged Less Repayment made Balance as at 31/03/2024 12a Creditors: Amount Falling Due within 1 year Capital On Tap (13)ANALYSIS OF NET ASSETS IN UNRESTRICTED FUNDS Unrestricted Restricted At 1st April 2024 (1,711) - Surplus for the Year 1,602 - Prior Year Adjustment - - At 31st March 2025 (109) - (14)TAXATION |
(11) DEBTORS Deposit for Lease (Sundry Debtor) Prepayment (12)CREDITORS: Amounts falling due After one year Covid-19 Bounce Back Loan 01/04/2024 Interest Charged Less Repayment made Balance as at 31/03/2024 12a Creditors: Amount Falling Due within 1 year Capital On Tap (13)ANALYSIS OF NET ASSETS IN UNRESTRICTED FUNDS Unrestricted Restricted At 1st April 2024 (1,711) - Surplus for the Year 1,602 - Prior Year Adjustment - - At 31st March 2025 (109) - (14)TAXATION |
2025 2024 £ £ - - - - |
|---|---|---|
| - - |
||
| 2025 2024 £ £ 14,030 19,500 0 962 6,281 6,432 7,749 14,030 2,025 2024 |
||
| 3,704 18,427 |
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| Total Total |
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| (1,711) 3,137 1,602 1,862 - (6,710) |
||
| (109) - |
(109) (1,711) |
|
As a charity, there is exemption from taxation on income and gains falling within section 505 of the Taxes Act 1988 or s 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax has risen in the Company.
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(15) SHARE CAPITAL
The company is limited by guarantee and hence does not have Share Capital. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while he is a member or within a year after he/she ceases to be a member.
This amount is limited to £1 per member or former member.
(16) RELATED PARTY TRANSACTION
No payments were made to trustees or any other persons connected with them during this financial period in their capacity as trustees. No material transaction took place between the Charity and a trustee or any person connected with them.
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