HOLY CROSS CHURCH INTERNATIONAL (HCCI) ACCOUNTS AND REPORTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY REGISTERED NUMBER 1148249
HOLY CROSS CHURCH INTERNATIONAL {HCCI) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024. CONTENTS Page Contents Page Administrative Information Directors, and Trustees. Report 4-6 Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes to the Financial Statements 10
HOLY CROSS CHURCH INTERNATIONAL (HCCI) ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024. BOARD OF TRUSTEES O Adebambo............. .....................Chair Hannah Adebambo .................Treasurer AA. Adebambo.........................Member CHARITY NUMBER 1148249 REGISTERED OFFICE Sojourner Truth Communty Centre 161 Sumner Road London SE15 6JL INDEPENDENT EXAMINER London Accountancy Practi. 161 Sumner Road London SE15 6JL BANKERS Lloyds Bank PIC caMbeIe11 Church Street Camberwell London SE5
HOLY CROSS CHURCH INTERNATIONAL (HCCI) DIRECTORS, AND TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024. The Board of Trustees of HOLY CROSS CHURCH INTERNATIONAL (HCCI is pleased to present ils report and the independently examined financial statements for the year ended 31 Dernber 2024. OBJECTS, ORGANISATIQN AND ACTIVITIES The aim and the objectives for which the Ministry is established and empowered to execute are.. To advance the Christian religion in England and worfdwde for the benefit of the public through the holding of prayers, meetings, lectures, public lebratIon of religious festivals, producing I and or distributing literature on Christianity to enlighten others about Christian religion. VALUES: The Holy Cross Church Intemational (HCCI} is a family oriented Church where love is practically and genuinely demonstrated to all. We strongly believe that God does have purpose for everyone and thus we believe that through the preaching of the undiluted Word of God and demonstrating His love and power of 'can do, Philippians 4-13, peoples. polential could be unearthed. DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS: The Church continues to meel both the physical and spiritual needs of its members. The monthly one day prayer and fasting continues and testimonies abound. The members are getting deeper in the Word of God especially during the Bible Studies. Individual lives and families are being touched and changed and members can quantify and qualtfy the positive impacts of the Word over their lives. PUBLIC BENEFITS: As part of our commitment to impact our community, we continue to make sure that our activities are not confined to the church's four walls and that we should continue to support other causes as the trustees see fft to posrtively benefit our community. FUTURE: We continue to pursue the desire to own our own church building which could be used for various activities including non-religious activities e.g. after school project, befriending and soup kitchen for the homeless, youth activities to win them off the street5. We plan to acquire and develop Ihis building to a slate of the art community centre. This building Gould be used for other activities including Nursery which we believe would benefrt the loGal communty as well. APPRECIATION AND COLLABORATIVE EVENTS: The trustees would like to express its sincere appreciation to all donors especially those in kind that have helped us to spend a lot less this year on our aclivtties which we believe will help towards our savings to acquire our own secured pemianent place of worship to stabilise the gr0h of the Church. The Church continues to work wth other Ministries in joint programmes and services to advance Christian religion. Thanks lo the members whose donations in kind helped to fund activities and these organisats'ons who allowed us to use their premises FREE during the year. CHALLENGES: One of the greatest challenges the Churth cUentlY faS is that of own premises. The trustees have unanimously agreed that it is better for the Church to be patient and possess its own premises rather than spend a lot of money on renting that it could not at the end of the day
sustain and at the same time we do NOT intend to put financial pressure on any members or potential members only to pay for rent of prernises that may at the end of the day be unsuitable to serve the organisation's purpose. Due to the general lockdown all our services have been largely conducted on line and by Zoom. RESERVE POLICY The Chanty Commission requires chartties to detemiine and explain their policy for free reserves. The trustees have reviewed its free reserves policy and have tumed its entire unrestricted fund into general reserve. The charity holds sufficient bank balance to fund current and anticipated activiiie. RISK MANAGEMENT The charity currently owns no risky investments other than its savings in the bank. The Charity therefore has no major risks. There are no incidents to bring to the attention of the Charity Commission. Signed on behalf of the trustees Chairperson . A i, ..0. Adebambo. ..2025
HOLY CROSS CHURCH INTERNATIONAL (HCCI) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024. STATEMENT OF TRUSTEES, RESPONSIBILITIES The management committee are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of ris financial activities during the year then ended_ In preparing those financial statements, the management committee are required to" select suitable accounting policies and apply them consistently,. make judgements and estimates that are reasonable and prudent.. state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the project wll Gontinue in operation. The Management committee are responsible for keeping proper accounting reGords, which disclose at any time the financial position of the Chanty. They are also responsible for safeguarding the assets of the Chanty and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY CROSS CHURCH INTERNATIONAL (HCCII FOR THE YEAR ENDED 31 DECEMBER 2024. I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 8-10. Respective responsibilities of trustees and examiner The charty's trustees are responsible for the preparation of the accounts. The charty's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to- examine the accounts under section 145 of the 2011 Act: to follow the proodures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act,. and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination VRS carried out in accordance with the general Directions given by the Charity Commission. 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 conmIng any such matters. The prOdureS undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or {2) to which, in my opinion, attention should be drawn in order to enable a proper understandi the acLounts to be reached. ..Dated. 25 loy1202S Signature.. Paul Banda London Accountancy Practi Sojourner Truth Centre 161 Sumner Road London. SE15 6JL
HOLY CROSS CHLIRCH INTERNATIONAL IHCCII STATEMENT OF FINANCIAL AcThvimES FOR THE YEAR ENOED 31 DECEMBER 2024 2024 Unrostrlctsd Fund 2024 2024 Restrct•d L•e•¢y Fund Fund 2024 Total Fund INCOMING RESOURCES 2023 Total Fund N•X•8 Incomlng R•$ourc86 Voluntsry Incom• rithes. Donatrons & OffenrKJ HMRc-GIftd Bank irterest 32.793 4_927 11,808 32.793 4.927 11.808 31,498 4,554 6.666 Total Incomlng R•8ourc•s 49,528 49,528 42.718 RESOURCES EXPENDED Charftable A¢tfvilies Govemanc? Costs Totsl R•Jowce$ Expgnd•d 531 531 643 631 631 NETINCOMING RESOURCES 48.997 48,997 42,076 Fund B•l*nces Brght Forward It 1st January 2024 Fund Balances Cath•d Forward •t31 DECEMBER 2024 361.746 361,746 309,671 4(Xl.743 361,746
HOLY CROSS CHURCH INTERNATIONAL IHCCI) BALANCE SHEET AS AT31 DECEMBER 2024 Notes 2024 2023 CURRENT ASSETS Cash at Bank and in Hand 400.743 400,743 351.746 351,746 CURRENT LIABILITIES Creditors And Accrua18 Amount falling due wlhin one year 400.743 400,743 Net Current Assets 351.746 351,746 RESERVES Reslncted FuThJs Unrestricted FuThJs Designated FurKIs 4(.743 351,746 400,743 361.746 Approved bylhe Board ofDirectors on...........................................................2025 and signed on their beha by .Chairperson O Adebambo Hannah Adebambo {Mrs)
io HOLY CROSS CHURCH INTERNATIONAL (HCCI) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024. 1. ACCOUNTING POLICIES Basis of preparation of Financial Statements The financial statements are prepared under the hisloric cost convention and include the results of the charity's operations which are described in the Trustees, Report and all of which are continuing. The accounts have been prepared in accordan with the Statements of Recommended Practice - Accounling and Reporting by Charities. The charity has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualrfies as a small charity Incomlng Resources 1.2.1 Revenue grants are credtted on the earfier date of when they are received or when they are receivable, unless they relate lo a specific future period, in which case they are included on the Balano Sheet as deferred income to be recognised in thè future ac¢ounting period. 1.2.2 Grants reiVed for specific purposes are accounted for as restricted funds in the Statement of Financial Activities. Restricted Funds Restricled funds are to be used for specffic purposes as lay down by the donor. Expenditure that meets these criteria is identrfied to the fund. together with a fair allocation of management and support Costs. Unrestricted Funds Unrestricted funds are donations and other incomes received or generated for the objects of the organisation withoLrt further specified purpose and are available for general funds. Designated Funds Designated funds are unrestricted funds eamarked by the trustees for particular purposes. Tanglble fixed assets Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives using the following rates= Office equipment - Photocopier. 25% on cost Resources Expended All expenditure is accounted for gross and when incurred. Direct charitable expenditure includes the direct costs of the activities and depreciation on related assets. Management and administration comprise those wsts relating to the Charity's central management and administration as opposed to its charitable activities.