2023-12-31-accounts - Orange Street Covenant Church

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Trustees’ annual report (including Directors’ report) for the period

From: Period start date 1[st] January 2023 To: Period end date 31[st] December 2023 Charity name: Orange Street Covenant Church Charity registration number: 1190690 Company number:

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of Orange Street Covenant Church (OSCC) is the advance of the Christian Faith as stated under the Charitable Objects, in accordance with our Statement of Faith, summarised as follows:- 1.We believe the Bible, as given in the original tongues, is the inspired and true Word of the Living God. 2.There is one God revealed as the Father, in his Son Jesus Christ, and by his Holy Spirit. 3. The Lord Jesus Christ, the Son of God, is God manifest in the flesh, the Redeemer of Israel, and personal Saviour of all mankind. 4.Salvation is by grace, through faith in Jesus Christ, his death on the cross, and his resurrection, in accordance with the teaching of the Apostles. 5.The Full Gospel of the Kingdom of God, and its personal, prophetic, national and global message. We confess Jesus Christ as Saviour, Healer, Baptiser and Coming King of all Israel, and all the families of the earth. This accords with the command given by the Apostles to Israel, and all mankind ─ Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and you shall receive the gift of the Holy Spirit. For the promise is unto you, and to your children, and to all that are afar off, even as many as the Lord our God shall call. Acts 2:38-39.

		.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Our Church services, conducted by our Minister or Lay-preachers. Also other special meetings or rallies. Our website, publications, YouTube ministry, personal outreach and online witness are means by which we seek to spread the Gospel, with plans to increase these activities.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	We endeavour to familiarise ourselves, and to follow the Charity Commission guidelines.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	There are encouraging signs – visitors attending the Church, responses to our Website, YouTube Channel, Rallies and other activities. OSCC facilities also continue to be made available for the services and activities of other Church and Community groups, and as a venue for special Services and Events.

Additional information (optional) You may choose to include further statements where relevant about:


Achievements against objectives set	Para 1.41	Overall encouraging results, new attendees at meetings, and increased interest in our website and YouTube ministry. A quiet but encouraging growth and increase of support.
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	There are ongoing maintenance costs. However, we appreciate the continued support of the Congregation and others.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22

Amount of reservesheld	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Offerings Donations Leasing part of property. Hire of Church facilities for Services, Meetings and other events
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, governance and management

Description of charity’s trusts:		Our primary purpose is the propagation of the Christian Gospel of the Kingdom of God. OSCC is managed by the Officers: Minister, Secretary/Treasurer & Trustees Every-day administration is by the Minister and Secretary, who liaise with the other Trustees, arranging meetings, conference- calls or resolutions as required. An Accountant has been appointed to assist the Treasurer, and advise with the Accounts.
Type of governing document: for example,trust deed, memorandum and articles of	Para 1.25	Orange Street Covenant Church Constitution registered as a CIO on 3rdAugust 2020..

associationetc
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	CIO Foundation
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	In accordance with the Constitution

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures Para 1.51 adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other

Reference and administrative details

Charity name	Orange Street Covenant Church
Other name the charity uses	OSCC
Registered charity number	1190690
Charity’s principal address	Orange Street Covenant Church, Orange Street, Leicester Square, London WC2H 7HR

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee(if any)
Rev. Robert Phillips	Minister / Pastor & Chairman	Orange Street Covenant Church (CIO) Trustees in accordance with the Constitution
Mr. Roger Edmonds	Secretary & Treasurer	Orange Street Covenant Church (CIO) Trustees in accordance with the Constitution
Mr. Geoffrey Edmonds	Trustee	Orange Street Covenant Church (CIO) Trustees in accordance with the Constitution
Mr. Allan Morgan	Trustee	Orange Street Covenant Church (CIO) Trustees in accordance with the Constitution
Rev. Anthony Martlew	Trustee (Retired Minister)	Orange Street Covenant Church (CIO) Trustees in accordance with the Constitution

ORANGE STREET COVENANT CHURCH

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

ACCOUNTANT’S REPORT

ORANGE STREET COVENANT CHURCH

In accordance with the instructions and information provided to me I have prepared, without carrying out an audit, the accounts set out on pages 2 to 5 for the year ended 31 December 2023, for Orange Street Covenant Church.

N O’Leary MAAT

17 Spey Road

Abingdon

OX13 6HP

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ORANGE STREET COVENANT CHURCH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023


	2023	2022
Receipts
Rent - Cornerstone	12,000	13,200
Rent - Rhenish	3,750	3,860
Rent - Underground	-	5,480
Church offertonies	2,462	1,375

	18,212	23,915

Payments
Secretarys honorarium	-	-
Cleaning	2,400	2,013
Maintenance and Repairs	1,660	246
Electric, Gas, Water	4,210	5,712
Insurance	5,406	- 239
Office expenses	2,318	3,913
Telephone and internet	1,660	1,163
Accountants fees	250	500
Travel	5,333	8,520
Security	3,802	2,993
Bank charges	76	138
Legal and Proffesional fees	-	70

	27,115	25,030


Net	- 8,902	- 1,115

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ORANGE STREET COVENANT CHURCH
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2023


	2023	2022
Current Assets

Bank Accounts
NS&I Investment	-	51,100
Current	27,948	10,137
No2 Account ACC 83800350	30,095	4,933
COIF CHARITY INVESTMENT ACC 50113042	-	420
		-
	58,043	66,591


Prepaid Insurances	-	310.66
Net Current Assets	58,043	66,901


Current Liabilities

Sundrycreditors and accruals	0	0
	0	0

Net Assets	58,043	66,901




R.D Edmonds
Hon. Treasurer

Rev R. Phillips
Trustee

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Cash Book Summary

Balance B/Fwd	10,136.86

Receipts	18,212.35
Payments	- 26,805.20
Transfer of savings	26,404.21
Balance	27,948.22

Balanceper HSBC	27,948.22

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