CENTRAL HARVEST CHURCH
Annual Report
For the Year Ended 31 October 2022
Charity Number: 1135769 Company Number: 05554856
Trustees’ Annual Report for the Year Ended 31 October 2022
The trustees present their report and financial statements for the year ended 31 October 2022
Reference and Administrative Details
Charity Name: Central Harvest Church Other Name the Charity Uses: CHC Charity Registration Number: 1135769 Company Registration Number: 05554856 Registered Office Address 20 St Edwards Way Romford RM1 4DD
Trustess
The following are the trustees during the year under review. Miss Regina Quarcoo (Chair) Emmanuel Ettoh Rev Anthony Bright Atwam (minister in charge) Enyonam Atwam Cecilia Fletcher Sharon Smith Sydney Smith
ON BEHALF OF THE BOARD Rev Anthony Bright Atwam (Minister in Charge)
DATED: 25[th] June, 2023
Objectives and Activities
Our Aim
The aim of Central Harvest church (CHC) can be summarised as follows: To advance the Christian faith for the benefit of the public, in particular through organising Christian worship and prayer meetings, conferences and seminars, the public celebration of religious festivals, the provision of counselling and pastoral care and through missionary and evangelistic outreach.
Objectives and How our activities deliver public benefit
Our objectives and activities are set to reflect the aims of the church. These are reviewed each year. In carrying out this review the charity has considered the Charity Commission’s guidance on public benefit, particularly, the specific guidance on charities for the advancement of religion.
In pursuance of its charitable aims, the CHC carries out a wide range of activities which the trustees deem beneficial to both members of the church and the community.
Christian worship and prayer meetings: three days in a week we organise worship and prayer meetings to contribute to the spiritual wellbeing of people. Theses meetings are accessible to the members and those who wish to know more about the Christian faith.
At these meetings people learn about the Gospel and developing their relationship and trust in God, and we actively encourage people to practise their faith in a socially responsible way within the wider community. We also offer prayers for individuals, the wider community and contribute to the spiritual and moral education of children
Young Adult ministry: this ministry champions the cause for Christian young adults with regards to matters such as finance, marriage, social responsibility and reverence for authority. Conferences and seminars are
organised regularly to build the self-confidence of young Christians in their faith, promote their mental and social well-being and actively encourage them to live peaceably within the wider community.
Conducting religious ceremonies: the church conducts water baptisms, marriage and naming ceremonies for both members and the public.
Counselling and pastoral care through our “Jesus helpline project” : we offer counselling, emotional and financial support to members and those who seek refuge and help from the church. These services include marriage counselling, emotional and financial aid to the bereaved.
Missionary and outreach work: evangelising is central to our missionary and outreach work. This takes the form of street and door-todoor communications, producing and distributing religious books and tracts for the public, as well as charitable religious radio and video broadcasts mainly via the internet
Financial Review
The charity’s main sources of funds are voluntary giving – offering and tithes. This is usually boosted by credits from HMRC
The trustees has reviewed the reserves if the charity. Their policy is to hold enough funds to meet three months operating costs. The charity had previously established through consultation that owning a church building will be ideal for effectively delivering its aims. This will provide a stable and a much needed venue for worship and prayer meetings, conferences and seminars and other charitable activities.
Plans for the future
The charity intends to raise more funds towards acquiring a church building to host most of its indoors activities such as
prayer and worship meetings, conferences and seminars and counselling.
The charity also seeks to strengthen its online presence, plant more branches and be more involved actively in community engagements. To do this we intend to continue to train more pastors and ministers to meet the growing need for spiritual and moral leadership and help reduce the crime rate among the young adults within the community.
STRUCTURE, GOVERNANCE AND MANAGEMENT;
See memorandum and articles of association provided
CENTRAL HARVEST CHURCH
Charity Number: 1135769 Company Number: 05554856
Annual Report and Financial Statements for the Year Ended 31 October 2022
Annual Report and Accounts
Contents
Trustees’ Annual Report (including Director’s Report) for the Year Ended 31 October 2022 ................ 2 Income and Expenditure Account for the Period Ending 31 October 2022 .............................................. 5 Balance Sheet as at 31 October 2022 ............................................................................................................. 6 Notes to the Accounts ....................................................................................................................................... 7
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Trustees’ Annual Report (including Director’s Report) for the Year Ended 31 October 2022
2022
Reference and Administra�ve Details
Charity Name: Central Harvest Church Other Name(s) the Charity Uses: CHC Charity Registra�on Number: 1135769 Company Registra�on Number: 05554856 Registered Office Address 20 St. Edwards Way Romford England RM1 4DD
Trustees
The following were the trustees during the year under review.
Miss Regina Quarcoo (Chair) Emmanuel Etoh Rev Anthony Bright Atwam (minister in charge) Enyonam Atwam Cecilia Fletcher Sharon Smith Sydney Smith
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Objec�ves and Ac�vi�es
Our Aim
The aim of Central Harvest Church (CHC) can be summarised as follows:
worship and prayer mee�ngs, conferences and seminars, public celebra�on of religious fes�vals, provision of counselling and pastoral care, missionary and evangelis�c outreach.
year. In carrying out this review CHC has considered the Charity Commission’s guidance on public benefit, par�cularly, the specific guidance on chari�es for the advancement of religion.
In pursuance of its charitable aims, Central Harvest Church carries out a wide range of ac�vi�es which the trustees deem beneficial to both members of the church and the community in general. The ac�vi�es include;
Chris�an worship and prayer mee�ngs: three days in a week we organise worship and prayer mee�ngs to contribute to the spiritual well-being of people. These mee�ngs are accessible to the members and people from the general public who wish to know more about the Chris�an faith.
At these mee�ngs we learn about the Gospel of Jesus Christ, and develop our rela�onship and trust in God. We ac�vely encourage people to prac�se their faith in a socially responsible way within the wider community. We also offer prayers for individuals, the wider community and contribute to the spiritual and moral educa�on of children through our Sunday School mee�ngs.
Young Adult ministry : this ministry champions the cause for young adults on maters such as finance, marriage, social responsibility, and reverence for authority. Conferences and seminars are organised regularly to build the confidence of young Chris�ans in their faith, promote their mental and social well-being and ac�vely encourage them to live peaceably within the wider community.
Conduc�ng religious ceremonies: the church conducts water bap�sms, marriage and naming ceremonies for both its members and the public.
Counselling and pastoral care through our “Jesus helpline project”: emo�onal and financial support to members and non-members who seek refuge and help from the church. These services include marriage counselling, emo�onal and financial aid to the bereaved, as well as interest-free loans to members struggling financially.
Missionary work and outreach: evangelism is central to our mission as a church. This takes the form of street and door-to-door evangelism, produc�on and distribu�on of religious books and tracts to the public, radio and video broadcasts of sermons and religious programmes, and financial support to Chris�an missionaries within and outside the UK.
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Brief Financial Review
The charity’s main sources of funds comprise regular dona�ons, par�cularly in the form of offerings and �thes from church members. These are usually boosted by credits from HMRC. Total receipts for the period were £164,712compared to £145,671 for the previous period. This represents a year-on-year increase of 13%. No special fund-raising ac�vi�es were carried out, and in spite of the lingering impact of COVID-19 on the church’s ac�vi�es, total receipts remained stable.
opportunity to con�nue the refurbishment of our church building. The building con�nues to serve as a stable and a much-needed venue for worship and prayer mee�ngs, conferences, seminars and other charitable ac�vi�es.
During the year, we successfully recovered £5,650 from borrowers, and issued £1,000 repayable financial aid to support the vulnerable and people in dire need of financial support. We spent slightly more (£2,569) to support missionary work and evangelism. Overall, the stable financial performance allowed us to deliver on our objec�ves and remain relevant with regards to public benefit.
Future Plans
CHC will con�nue to strengthen its online presence, plant more branches and be more involved ac�vely in community engagements. We intend to be more ac�ve on several social media pla�orms to reach the lot who subscribe very litle to the tradi�onal brick-and-mortar church model. We plan to increase our investment in our Jubilee Bible School, focus more on training pastors and ministers to meet the growing need for spiritual and moral leadership, and as well, help steer the youth and young adults within the community away from crime.
Another priority will be to start a food bank where the needy and vulnerable members of the public can resort to in �me of need and for general support.
public to donate regularly. Our annual thanksgiving service will also provide another pla�orm to raise addi�onal funds. We intend to bolster CHC’s finances through a new bookstore yet to be constructed, pending approval from the council, and rental income from our new investments in residen�al proper�es. During the year, we invested £24,105 as deposit and preliminary costs towards the acquisi�on of a flat at Kingswood Court, Clay Hill Road, Basildon, SS16 4NW. From this property we intend to raise addi�onal funds to strengthen CHC’s
SIGNED ON BEHALF OF THE BOARD
Rev Anthony Bright Atwam (Minister in Charge)
Date: 15th May 2023
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Income and Expenditure Account for the period ending 31 October 2022
| Notes Income Dona�ons; Tithes & Oferings and HMRC Credits Other income Total Gross Income Less Expenditure Prin�ng and Sta�onery Rent Employee Costs 2 U�lity Bills Travelling Expenses Welfare Webhos�ng & IT Miscellaneous Building Insurance Interest Paid Maintenance & Repairs Deprecia�on Missions Total Expenditure Net Income for the period |
2022 £ 164,712 - 164,712 2,557 4,350 21,453 5,397 - 3,961 500 2,639 1,882 22,392 1,765 2,012 2,569 71,478 93,234 |
2021 £ 145,671 - |
|---|---|---|
| 145,671 | ||
| 2,143 2,425 60,138 3,058 - 655 354 8,739 1,117 18,247 2,885 1,777 2,238 |
||
| 103,776 | ||
| 41,895 |
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| Balance Sheet as at 31 October 2022 Notes Fixed Assets Tangible Assets 3 Total Fixed Assets Current Assets Receivables: fnancial support repayable 4 Prepayments: Insurance Cash in Hand and at Bank 5 Total Current Assets Short Term Liabili�es Loans falling due within one year Employee costs outstanding Rent outstanding Net Current Assets (Liabili�es) Total Assets less Current Liabili�es Long Term Liabili�es Mortgage loan payable Coronavirus Business Support Loan Net Assets Funds of the Charity Funds and Reserves brought forward Income Surplus for the period Total Charity Funds |
2022 £ 956,763 956,763 14,887 1,008 99,979 115,874 20,223 404 1,075 94,173 1,050,935 563,201 30,556 457,178 363,944 93,234 457,178 |
2021 £ 932,271 |
|---|---|---|
| 932,271 | ||
| 19,537 1,790 45,168 |
||
| 66,494 | ||
| 17,246 2,076 - |
||
| 47,172 | ||
| 979,444 | ||
| 575,500 40,000 |
||
| 363,944 | ||
| 322,050 41,894 |
||
| 363,944 |
-
For the year ending 31 October 2022 the company was en�tled to exemp�on from audit under sec�on 477 of the Companies Act 2006 rela�ng to small companies
-
The members have not required the company to obtain an audit of its accounts for the year in ques�on in accordance with sec�on 476 of the Companies Act 2006
-
The directors acknowledge their responsibili�es for complying with the requirements of the Act with respect to accoun�ng records and the prepara�on of accounts
-
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and Chari�es SORP (FRS102)
SIGNED ON BEHALF OF THE BOARD
Rev Anthony Bright Atwam Date: 15th May 2023
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Notes to the Accounts
1. Accoun�ng Policies
a. Basis of prepara�on
The accounts have been prepared under the historical cost conven�on with items recognised at cost or transac�on value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019 and the Chari�es Act 2011
b. Going Concern
that the charity has adequate resources to con�nue opera�ng for the foreseeable future. The accounts are thus, prepared on a going concern basis.
c. Presenta�on currency
The accounts are presented in £ Sterling.
d. Change of accoun�ng policy
The accounts present a true and fair view and the principal accoun�ng policies have remained unchanged and been applied consistently throughout the year and in the preceding years.
e. Recogni�on of income & dona�ons
Income is recognised when the charity becomes en�tled to it, the trustees are virtually certain they will receive it and the monetary value can be measured with sufficient reliability. Dona�ons are only included and recognised when the charity has uncondi�onal en�tlement to it.
f. Deferred income
No material item of deferred income has been included in the accounts.
g. Ofse�ng
or permited by the FRS 102 SORP.
h. Tax reclaims on dona�ons and gi�s
Gi� Aid receivable is included in income when there is a valid declara�on from the donor. Any Gi� Aid amount recovered on a dona�on is considered to be part of that gi� and is treated as an addi�on to the same fund as the ini�al dona�on unless the donor or the terms of the appeal have specified otherwise.
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i. Corpora�on Tax
The charity is exempt from tax on income and gains within sec�ons 466 to 493 of the Corpora�on Tax Act 2010 (CTA 2010), sec�ons 532 and 534 of the Income Tax Act 2007 (ITA 2007) to the extent that these are applied to its charitable purposes.
j. Expenditure and Liabili�es
Expenditure is recognised on an accrual basis as liability is incurred. Liabili�es are recognised as soon as there is legal or construc�ve obliga�on commi�ng the charity to pay out the resources, and the amount of the obliga�on can be measured with reasonable certainty.
k. Tangible Fixed Assets & Deprecia�on
(including any incidental expenses of acquisi�on) and can be used for more than one year. They are stated at cost less accumulated deprecia�on.
residual values over their useful lives on the following basis;
| Asset Category | Es�mated Useful Life | Deprecia�on |
|---|---|---|
| Electronic devices | 5 | 20% straight line |
| Furniture, Fixtures & Fi�ngs | 5 | 20% straight line |
| Sundry Equipment | 3 | 33.3% straight line |
l. Pension
Since the introduc�on of the "Auto -Enrolment" pension scheme by the government, the charity has joined a government recommended pension company, Nest. The contribu�on rate for the employer is 3% and employee contribu�on rate is 5% as recommended by the new pension regime.
2. Employee Costs
| Salary and Wages Pension Costs (Defned Contribu�on Scheme) Total Staf Costs |
2022 £ 20,959 494 21,453 |
2021 £ 59,255 883 |
|---|---|---|
| 60,138 |
Rev Anthony Bright Atwam on a separate appointment for his role as the Minister overseeing all church ac�vi�es, programmes, and training of other pastors. The trustee has agreed by contract of employment that it is in its best interest to pay for his service as the missionary head, overseer, and trainer. He is the Bishop for APC North-East London, and has the qualifica�ons and competence required to serve the church in that capacity. In this sense, Rev Anthony Bright Atwam is both a trustee and a paid employee for the role as the missionary
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head, overseer, and trainer. However, he volunteers his service and receives no pay for his role as a trustee. All other trustees volunteer their services and receive no pay.
The charity made no redundancy payments during the repor�ng period.
of more than £60,000.
Average employee headcount
2022 2021 1 3
3. Tangible Fixed Assets
| Cost As at 31 Oct 2021 Addi�ons As at 31 Oct 2022 Deprecia�on As at 31 Oct 2021 Charge for the year As at 31 Oct 2022 Net Book Value As at 31 Oct 2021 As at 31 Oct 2022 |
Electronic Devices £ 1,755 2,399 4,154 620 533 1,153 1,135 3,001 |
Sundry Equipment £ 1,484 - 1,484 787 495 1,282 697 202 |
Furniture, Fixtures & Fi�ngs £ 4,922 - 4,922 977 984 1,962 3,944 2,960 |
Freehold Property £ 926,495 24,105 950,600 - - - 926,495 950,600 |
Total £ 934,656 26,504 |
|---|---|---|---|---|---|
| 961,160 | |||||
| 2,385 2,012 |
|||||
| 4,397 | |||||
| 932,271 | |||||
| 956,763 |
The freehold property comprises the church building located at 20 St. Edwards Way, Romford, RM1 4DD acquired in August 2020. It is valued at historic cost, plus refurbishment and other incidental costs. Also capitalised are the preliminary costs of £24,105 towards the acquisi�on of Flat 5 Kingswood court, Clay Hill Road, Basildon, SS16 4NW. No deprecia�on was charged for the period under review.
| Freehold Property As at 31 Oct 2021 Capitalised for the period Flat Kingswood Court As at 31 Oct 2022 |
£ 926,495 24,105 950,600 |
|---|---|
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4. Receivables
The charity expects to recover this amount in full without any interest. As explained in the Trustees’ Annual Report (under objec�ves and how our ac�vi�es deliver public benefit), the church offers financial aid to the bereaved and members who are in financial difficul�es and who, in most cases, find it hard to access loans from tradi�onal banks and other similar ins�tu�ons. Those who are able, pay back the money to the church without any interest. This is one of the ways we help to ease the financial struggles of our members, build stable homes, combat homelessness and suicidal inclina�ons of those struggling financially.
5. Cash in Hand and at Bank
| 5. Cash in Hand and at Bank | ||
|---|---|---|
| Barclays Savings Account Barclays Current Account Total |
2022 40,770 59,209 99,979 |
2021 32,931 12,237 |
| 45,168 |
6. Fees for examina�on of account
Independent examiner’s fee is nil.
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Tax Exemp�on Claim
(loans) given to people in dire need. As at 31st October 2022, financial support repayable was £14,887. The sum was given in line with the chari�es aims and purposes.
based financial help to people in need. Those who are able, pay back the money without any interest. This is one of the ways we deliver public benefit. This is not for the avoidance of tax.
Central Harvest Church would therefore like to make a tax exemp�on claim in line with Sec�ons 511 and 514 Corpora�on Tax Act (CTA) 2010 and sec�ons 558 and 561 Income Tax Act (ITA) 2007.
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287 Burges Road London, E6 2ES Mob: 07828149322 22 June 2023 To Whom It May Concern, Re: Central Harvest Churth,20 St Edwards Way. Romford, London, RMI 4DD I have examined the flnal accounts of the above church for the year ended 31 October 2022. 1 confirm that no materlal matters have come to my attention In connection with the examlnatlon. Thus, in my opinlon the financlal statement of Central Harvest church for the year ended 31 October 2022 8lves a true and falr vlew of the state of the or8anisations affairs for the year. Yours Slncerelv Anthony Rockson ACCA Member IRef.. 08360011