CENTRAL HARVEST CHURCH
Annual Report
For the Year Ended 31 October 2023
Charity Number: 1135769 Company Number: 05554856
Trustees’ Annual Report for the Year Ended 31 October 2023
The trustees present their report and financial statements for the year ended 31 October 2023
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
Dr Anthony Bright Atwam
(Minister in Charge)
DATED: 21[st] August, 2024
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 well-being 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-to-door 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 2023
Annual Report and Accounts
Contents
Trustees’ Annual Report (including Director’s Report) for the Year Ended 31 October 2023 ................ 2 Income and Expenditure Account for the Period Ending 31 October 2023 .............................................. 5 Balance Sheet as at 31 October 2023 ............................................................................................................. 6 Notes to the Accounts ....................................................................................................................................... 7
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Trustees’ Annual Report (including Director’s Report) for the Year Ended 31 October 2023
The trustees present their report and financial statements for the year ended 31 October 2023
Reference and Administrative Details
Charity Name: Central Harvest Church Other Name(s) the Charity Uses: CHC Charity Registration Number: 1135769 Company Registration 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 Ettoh Rev Anthony Bright Atwam (minister in charge) Enyonam Atwam Cecilia Fletcher Sharon Smith Sydney Smith
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Objectves and Actvites
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, through organising Christian worship and prayer meetings, conferences and seminars, public celebration of religious festivals, provision of counselling and pastoral care, missionary and evangelistic outreach.
Objectives and how our activities deliver public benefit
Our objectives and activities are set to reflect the aim of the church. These are reviewed each year. In carrying out this review CHC 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, Central Harvest Church carries out a wide range of activities which the trustees deem beneficial to both members of the church and the community in general. The activities include;
Christian worship and prayer meetings: three days in a week we organise worship and prayer meetings to contribute to the spiritual well-being of people. These meetings are accessible to the members and people from the general public who wish to know more about the Christian faith.
At these meetings we learn about the Gospel of Jesus Christ, and develop our relationship and trust in God. 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 through our Sunday School meetings.
Young Adult ministry : this ministry champions the cause for young adults on matters such as finance, marriage, social responsibility, and reverence for authority. Conferences and seminars are organised regularly to build the 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 its members and the public.
Counselling and pastoral care through our “Jesus helpline project”: we offer counselling, emotional and financial support to members and non-members who seek refuge and help from the church. These services include marriage counselling, emotional 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, production and distribution of religious books and tracts to the public, radio and video broadcasts of sermons and religious programmes, and financial support to Christian missionaries within and outside the UK.
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Brief Financial Review
The charity’s main sources of funds comprise regular donations, particularly in the form of offerings and tithes from church members. These are usually boosted by credits from HMRC. Total receipts for the period were £137,076 compared to £164,712 for the previous period. This represents a year-on-year decrease of nearly 17%, with a corresponding fall in net income, attributable partly to a hike in interest payments £51,614 (2023) compared to £22,392 in 2022. Nonetheless, total receipts remained stable.
The church’s financial position remained strong throughout the period. This afforded us the opportunity to continue the refurbishment of our church building. The building continues to serve as a stable and a much-needed venue for worship and prayer meetings, conferences, seminars and other charitable activities.
During the year, we successfully acquired a new flat in Basildon, SS16 4NW worth £216,643 (including capitalised preliminary costs). This acquisition is intended to be a consistent source if rental income to bolster the church’s finances. Overall, the stable financial performance allowed us to deliver on our objectives and remain relevant with regards to public benefit.
Future Plans
CHC will continue to strengthen our online presence, plant more branches and be more involved actively in community engagements. We intend to be more active on several social media platforms to reach the lot who subscribe very little to the traditional brick-and-mortar church model. We launched our Jubilee Bible College in October. We plan to increase our investment in our Jubilee Bible college, 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 time of need and for general support.
To finance these projects, CHC will consistently encourage our loyal members and general public to donate regularly. Our annual thanksgiving service will also provide another platform to raise additional funds. We intend to bolster CHC’s finances through a new bookstore yet to be constructed, (approval already secured from the council), and rental income from our new investments in residential properties. During the year, we acquired a flat at Basildon, SS16 4NW. From this property we intend to raise additional funds to strengthen CHC’s finances.
SIGNED ON BEHALF OF THE BOARD
Dr Anthony Bright Atwam (Minister in Charge)
Date: 15th May 2024
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Income and Expenditure Account for the period ending 31 October 2023
| Notes Income Donatons; Tithes & Oferings and HMRC Credits Other income Total Gross Income Less Expenditure Printng and Statonery Rent Employee Costs 2 Utlity Bills Welfare Webhostng & IT Miscellaneous Building Insurance Interest Paid Maintenance & Repairs Depreciaton Missions Total Expenditure Net Income for the period |
2023 £ 125,475 11,600 137,076 1,231 3,325 20,417 4,744 5,043 590 3,272 1,110 51,614 3,399 2,035 - 96,780 40,296 |
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 |
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Balance Sheet as at 31 October 2023
| Notes Fixed Assets Tangible Assets 3 Total Fixed Assets Current Assets Receivables 4 Prepayments: Insurance Cash in Hand and at Bank 5 Total Current Assets Short Term Liabilites Loans falling due within one year Employee costs outstanding Payables Rent outstanding Net Current Assets (Liabilites) Total Assets less Current Liabilites Long Term Liabilites 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 |
2023 £ 1,161,268 1,161,268 25,119 1,118 51,315 77,552 17,918 274 1,030 - 58,331 1,219,598 696,014 26,111 497,474 457,178 40,296 497,474 |
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 |
-
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006
-
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 the small companies’ regime and Charities SORP (FRS102)
SIGNED ON BEHALF OF THE BOARD
Rev Anthony Bright Atwam Date: 15th May 2024
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Notes to the Accounts
1. Accountng Policies
a. Basis of preparaton
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts 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) issued October 2019 and the Charities Act 2011
b. Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue operating for the foreseeable future. The accounts are thus, prepared on a going concern basis.
c. Presentaton currency
The accounts are presented in £ Sterling.
d. Change of accountng policy
The accounts present a true and fair view and the principal accounting policies have remained unchanged and been applied consistently throughout the year and in the preceding years.
e. Recogniton of income & donatons
Income is recognised when the charity becomes entitled to it, the trustees are virtually certain they will receive it and the monetary value can be measured with sufficient reliability. Donations are only included and recognised when the charity has unconditional entitlement to it.
f. Deferred income
No material item of deferred income has been included in the accounts.
g. Ofsetng
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP.
h. Tax reclaims on donatons and gifs
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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i. Corporaton Tax
The charity is exempt from tax on income and gains within sections 466 to 493 of the Corporation Tax Act 2010 (CTA 2010), sections 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 Liabilites
Expenditure is recognised on an accrual basis as liability is incurred. Liabilities are recognised as soon as there is legal or constructive obligation committing the charity to pay out the resources, and the amount of the obligation can be measured with reasonable certainty.
k. Tangible Fixed Assets & Depreciaton
Tangible fixed assets are valued at historic costs and capitalised if they cost over £100 (including any incidental expenses of acquisition) and can be used for more than one year. They are stated at cost less accumulated depreciation.
Depreciation is recognised in order to write off the cost or valuation of assets less their residual values over their useful lives on the following basis;
| Asset Category | Estmated Useful Life | Depreciaton |
|---|---|---|
| Electronic devices | 5 | 20% straight line |
| Furniture, Fixtures & Fitngs | 5 | 20% straight line |
| Sundry Equipment | 3 | 33.3% straight line |
l. Pension
Since the introduction of the "Auto -Enrolment" pension scheme by the government, the charity has joined a government recommended pension company, Nest. The contribution rate for the employer is 3% and employee contribution rate is 5% as recommended by the new pension regime.
2. Employee Costs
| Salary and Wages Pension Costs (Defned Contributon Scheme) Total Staf Costs |
2023 £ 194 80 274 |
2022 £ 324 80 |
|---|---|---|
| 404 |
Trustees’ remuneration and benefits: Employee costs for the period include £20,417 paid to Rev Anthony Bright Atwam on a separate appointment as the Minister overseeing all church activities, 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 qualifications 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 head, overseer,
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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 reporting period.
No employee received employee benefits (excluding employer pension costs) for the period of more than £60,000.
Average employee headcount
2023 2022 1 1
3. Tangible Fixed Assets
| Cost As at 31 Oct 2022 Additons As at 31 Oct 2023 Depreciaton As at 31 Oct 2022 Charge for the year As at 31 Oct 2023 Net Book Value As at 31 Oct 2022 As at 31 Oct 2023 |
Electronic Devices £ 4,154 - 4,154 1,153 807 1,960 3,001 2195 |
Sundry Equipment £ 1,484 1,511 2,995 1,282 244 1,526 202 1,469 |
Furniture, Fixtures & Fitngs £ 4,922 - 4,922 1,962 985 2,947 2,960 1,975 |
Freehold Property £ 950,600 205,029 1,155,629 - - - 950,600 1,155,629 |
Total £ 961,160 206,540 |
|---|---|---|---|---|---|
| 1,167,700 | |||||
| 4,397 2,036 |
|||||
| 6,432 | |||||
| 956,763 | |||||
| 1,161,268 |
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 included is £192,538 deposit and mortgage the acquisition of a flat in Basildon, SS16 4NW. Capitalised refurbishment cost for the period was £ 12,491. No depreciation was charged for the period under review.
| Freehold Property As at 31 Oct 2022 Capitalised for the period Flat Kingswood Court Refurbishment As at 31 Oct 2023 |
£ 950,600 192,538 12,491 1,155,629 |
|---|---|
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4. Receivables
The amount represents interest-free sums given to people experiencing financial difficulties. The charity expects to recover this amount in full without any interest. As explained in the Trustees’ Annual Report (under objectives and how our activities deliver public benefit), the church offers financial aid to the bereaved and members who are in financial difficulties and who, in most cases, find it hard to access loans from traditional banks and other similar institutions. 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 inclinations of those struggling financially.
Other sums include amount deposited in a rent deposit scheme and rent receivable.
| Financial support repayable Rent deposit scheme Rent receivable Total |
2023 24,049 1,030 40 |
|---|---|
| 25,119 |
5. Cash in Hand and at Bank
| Barclays Savings Account Barclays Current Account Total |
2023 41,005 10,310 51,315 |
2022 40,770 59,209 |
|---|---|---|
| 99,979 |
6. Fees for examinaton of account
Independent examiner’s fee is nil.
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287 8urges Road London, E6 2ES Mob: 07828149322 22. Au8USt 2024 To Whom It May Concern, Re: Central Harvest Church. 20 St Edwards Wayi Romford, London, RMI 4DD I have examined the final accounts of the above church for the year ended 31, October 2023. 1 confirm that no material matters have come to my attention in connection with the examination. Thus, in my opinion the financial statement of Central Harvest church for the year ended 31 October 2023 gives a true and fair view of the state of the organisations affairs for the year. Yours Sincerely Anthony Rockson ACCA Member (Ref: 08360011