Registered Charity Number :- 1192049
## CHRIST HEART CHURCH INTERNATIONAL
## TRUSTEES’ REPORT AND
## FINANCIAL STATEMENTS
FOR THE YEAR END 31 July 2024
## **CONTENTS**
TRUSTEES' REPORT ................................................................................................................................................. 2 STATEMENT OF FINANCIAL ACTIVITIES .......................................................................................................... 3 BALANCE SHEET ..................................................................................................................................................... 4 NOTES TO THE FINANCIAL STATEMENTS…………………………………... ................................................. 5
Page **2** of **12**
## **TRUSTEES ANNUAL REPORT**
## Structure, Governance & Management
Christ Heart Church (CHC) International is registered with the Charity Commission in England and Wales; Charity Number 1192049.
During the year, the Trustees formally met twice to discuss the progress of the church and to plan for the next year.
CHC has Management Team that is responsible for the coordination and implementation of all policies and activities of the Church which consist of;
Secretary: Mr Emmanuel Kusi (Trustee) Chair: Rev Ebenezer Adibuer Puplampu
Treasurer: Ms Jennifer Gilbert (Trustee)
Vice Chair: Mrs Trudy Atswei Puplampu (Trustee)
## **Recruitment and Induction of Trustees**
The current trustee board are open to further recruitment of additional members to enhance, broaden and increase the skill set to support the running of the Church and advance the vision.
Trustees will be appointed on their Christian beliefs, character, and commitment to the vision of CHC. On recruitment of new trustees, the whole trustee board will complete an updated Skills Audit to ensure that areas of need are covered or highlighted. This audit will helps us identify growth and development within the existing board to fill those gaps for the smooth running of the Church.
## Aims, Objectives & Values
The object of CHC is:
- To advance the Christian faith in accordance with the Statement of Faith,
- The provision of a place of Christian witness by providing a place for Christians to meet
- Christians and non-Christians; the provision of facilities for teaching, worship, and prayer.
## **The aims of CHC are:**
- To cultivate an inclusive and open place where people are accepted whatever their story
- To feed and sustain wonderings about God with food, drink, relationship, creativity and prayer
- To provide a place of refuge and relationship, especially for those with need or vulnerability
- To work alongside local churches, community groups and schools to encourage open
- conversation and exploration of faith
- To serve high quality and responsibly sourced food and drinks and exemplify sustainable
- and ethical business practices
- **Jesus Focussed** : In a world of independence, competition and distractions, we try and keep Jesus’ teachings and actions at the heart of what we do. He calls us to love one another and often did this through conversations over food. Here at CHC, we welcome people to come and share the Christian faith with us and also do provide food to people in need and sometimes provide refreshments after church services.
- **Everybody Welcome** : No matter what background, race, gender, age, ability or political leaning, everybody is welcomed to fellowship with us. There is beauty in celebrating diversity of people and culture and we do have culture and diversity services to celebrate diversity of culture and people.
Page **3** of **12**
At CHC we welcome people who want to listen to the Gospel of Jesus to transform their lives through the teachings of the Bible. We will strive to reach out to those in our community who may find it difficult to come in.
**Always Searching** : We want questions to be asked, opinions to be challenged and for the search for truth to be an exciting and guided experience.
We will always welcome conversation, offer prayer, support, and point to other help as necessary. We do not presume to have all the answers. We hope local churches, community groups and **Generous Giving** : CHC only exists through generous giving. We believe in finding unmet need; doing more than the minimum; in putting the last, first. During Sunday Services our church members give offerings which we use to run the church. Our daily activities are run by volunteers, church members, trustees and supporters who help with their time, skills, resources, encouragement and prayers. We look for creative ways to give generously to our guests and to other organisations and projects.
## Achievements & Performance
## **Prayer Team**
We have a prayer team that coordinates our Prayer and Bible Studies meetings on Fridays (virtual) and Sundays (virtual and face to face). They intercede and pray for people who may need prayers for various reasons.
## **Communications Team**
During 2021 and beyond, there have been regular communications with church members via face to face church meetings and on zoom meetings. We also have a whatsup group where information is shared with all church members. These platforms helps us to communicate with our members and to preach the Gospel of Jesus to our members.
## **Programmes**
We have organised recreational activities for instance; walks and jogging this year. We have also been on evangelism missions this year.
We currently meet at a school on Sundays (Beecroft Academy School) for services. We carried out child protection seminars to educate our members and the community on how to safeguard their children and young people
## **Public Benefit**
The Trustees confirm that they have complied with Section 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on Charities and Public Benefit.
## **Risk Review**
During the year, Trustees reviewed significant risks relating to the charity, with a focus on ensuring new processes and communication materials complied with new GDPR legislation. No safeguarding or serious incidents occurred during the financial year.
Approved by the trustees
Secretary: Mr Emmanuel Kusi
Page **4** of **12**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024**
|**Recommended categories**
**by activity**|**Notes**|**Unrestricted**
**funds**|**Total Funds**
**2024**|**Total Funds**
**2023**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|**Income and endowments**|||||
|**from:**|||||
|Donations and legacies|**2**|18,797.88|18,797.88|8,866.02|
|**Total**||**18,797.88**|**18,797.88**|**8,866.02**|
|**Expenditure on:**|||||
|Charitable activities|**3**|1,337.33|1,337.33|1,214.00|
|Support Cost|**4**|5,065.11|5,065.11|4,515.16|
|Governance Cost|**6**|500.00|500.00|500.00|
|**Total**||**6,902.44**|**6,902.44**|**6,229.16**|
|**Net income/(expenditure)**||**11,895.44**|**11,895.44**|**2,636.86**|
|**Net movement in funds**||11,895.44|11,895.44|2,636.86|
|**Reconciliation of funds:**|||||
|Total funds brought forward||586.86|586.86|-2,050.00|
|**Total funds carried forward**||**12,482.30**|**12,482.30**|**586.86**|
|**BALANCE SHEET**|||||
|**FOR THE YEAR ENDED 31 JULY 2024**|||||
|**Recommended categories**
**by activity**|**Notes**|**Unrestricted**
**funds**|**Total Funds**
**2024**|**Total Funds**
**2023**|
|||**£**|**£**|**£**|
|Fixed assets|||||
|Tangible assets|**7**|5,083.75|5,083.75|5,499.00|
|**Total fixed assets**||**5,083.75**|**5,083.75**|**5,499.00**|
|Current assets|**8**|21,422.75|21,422.75|9,112.06|
|**Total current assets**||**21,422.75**|**21,422.75**|**9,112.06**|
|Creditors: amounts falling
due within one year|**9**|14,024.20|14,024.20|14,024.20|
Page **5** of **12**
|**Net current**
**assets/(liabilities)**
**Total assets less current**
**liabilities**
Creditors: amounts falling
due after one year
**10**
**Total net assets or**
**liabilities**
**Funds of the Charity**
Unrestricted funds
**11**
Restricted income funds
Endowment funds
**Total funds**|**7,398.55**
**7,398.55**
**-4,912.14**|
|---|---|
||**12,482.30**
**12,482.30**
**586.86**|
||0.00
0.00
0.00|
||**12,482.30**
**12,482.30**
**586.86**|
||12,482.30
12,482.30
586.86
-
-
-
-
**12,482.30**
**12,482.30**
**586.86**|
The financial statements were approved by the Board on 28-April-2025 and signed on its behalf by:
Ms Jennifer Gilbert Treasurer
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These 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)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
Page **6** of **12**
## **Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
Policies relating to categories of income and income recognition.
## _**Nature of income**_
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
## **Tax reclaims on donations and gifts**
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.
## **Income recognition**
Income is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met
.
All income is accounted for gross, before deducting any related fees or costs.
## **Expenditure**
Expenditure is recognised when a present legal or constructive obligation exists at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefits will be required to settle the obligation, and the amount can be estimated reliably. It is inclusive of VAT which cannot be recovered. Direct costs are those costs which directly attribute to its activities. Wages and salaries are allocated to direct costs based on an estimate of time spent on charitable activities by staff members.
Support costs include staff costs and are those which do not produce a direct output. Staff costs relate to specific activities and this is reflected in the allocation of payroll costs based on the percentage of time spent.
All costs, including governance costs, are allocated between the expenditure categories of the charity on a basis designed to reflect the use of the resource. Costs relating to a particular activity are charged directly; others are apportioned on an appropriate basis.
Support costs and overheads have been calculated by allocating staff time to the level of involvement in the various activities of the Charity.
## **Pensions**
The Charity makes contributions to defined contribution pension schemes through auto enrolment. These contributions are charged to the income and expenditure account in the year in which they become payable.
Page **7** of **12**
## **Fund accounting**
Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes.
Policies relating to assets, liabilities and provisions and other matters.
## **Tangible fixed assets**
Tangible fixed assets, such as land and buildings, plant, vehicles and equipment, are held to provide an on-going economic benefit to a charity through their contribution, directly or indirectly, to the provision of goods or services by the charity.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|||Straight line over|
|---|---|---|
|Land and Building||100 years|
|Plant and machinery|20|% straight line|
|Motor vehicles|25|% straight line|
|Furniture and Fittings|20|% straight line|
|**Debtors**|||
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **2 Income from Donations and Legacies**
|**Analysis**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total**
**funds**
**2024**|**Total**
**funds**
**2023**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Income-First Fruit|0|-|-|0|0|
|Income-General||||||
|Offering|18,797.88|-|-|18,797.88|8,866.02|
|Income-Tithe|0|-|-|0|0|
|Income-Special Offering|0|-|-|0|0|
|Income-Project Offering|0|-|-|0|0|
|Income-Other|0|-|-|0|0|
|Income-Interest|0|-|-|0|0|
|Income-Gift Aid|0|-|-|0|0|
Page **8** of **12**
18,797.88 - -
18,797.88
8,866.02
|**3 Expenditure on Charitable Activities (Direct Spending)**
**Analysis**
Wages-Pastoral Allowance
Pastoral Allowance - Employers' NI
Pastoral Allowance - Life and Health insurance
Pastoral - Pension
Honorarium
Donation , Support and Benevolence
Birthday, Milestones and Appreciation
Training and Ministerial Seminar
Church Consumables -Oil, Mantle, Communion etc
Event, Special Occasion and Decoration
General Refreshment
Mission, Crusade and Evangelism
Departmental Expenses-Men, Women, Victoryland, Youth
Departmental Expenses-Music, Intercessory, Protocol , Priesthood
Other Departmental Expenses
Mission -Global
Mission -Region
Other Charitable Expenses
Travel and Subsistence
Headoffice Remittances
**4 Expenditure on Support Cost**
Gross wages and
salaries
Employer NI
Employer Pension
Support Life and Health insurance
General Subsistence and Travel
Rent - Operating Lease
Rent-Hall Hire
Mortgage Payment
Light, Heat and Power
Cleaning, Water, Rate and Waste
Premises Repairs, Renewals and Maintenance|**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
0
0
0
0
0
0
0
0
0
0
-
500.00
0
0
0
0
0
0
1,337.33
714.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0|
|---|---|
||**1,337.33**
**1,214.00**|
||**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
0
0
0
0
0
0
0
0
0
0
0
0
2,642.00
1,924.00
0
0
0
0
0
0
0
0|
Page **9** of **12**
|Telephone, Fax and Internet
Print, Postage and Stationery
Hire of Equipment and Repairs
Health and Safety Expenses
Advertising and Media
Building , Contents and Public Liability Insurance
Other Insurance
Printing, Publications and Flyers
Motor Repairs and Expenses
Other Office Expenses
Other Administrative Expenses
Licence and
Subscriptions
Sundry Expenses
Depreciation Charge for the Year - Freehold Land & Buildings
Depreciation Charge for the Year - Plant & Machinery
Depreciation Charge for the Year - Motor Vehicles
Depreciation Charge for the Year - Commercial Vehicles
Depreciation Charge for the Year - Fixtures & Fittings
Depreciation Charge for the Year - Computer Equipment
**6 Governance Cost**
**Analysis**
Accountants fees
Auditors fees
Bank Charges (HSBC)
Legal and Other Professional Fees|
202.67
203.16
283.00
155.00
0
0
0
0
-
222.00
0
0
-
378.00
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,033.00
1,033.00
904.44
600.00
**5,065.11**
**4,515.16**|
|---|---|
||**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
500.00
500.00
0
0
0
0
0
0|
||**500.00**
**500.00**|
|**7 Tangible Fixed Assets**
**7.1 Cost or valuation**
At 01 AUG 2023
Additions
Disposals
Revaluations
Transfers
At 31 JULY 2024|**Freehold**
**Land &**
**Buildings**
**Plant &**
**Machinery**
**Motor**
**Vehicles**
**Fixtures &**
**Fittings**
**£**
**£**
**£**
**£**
0.00
3,000.00
0.00
5,165.00
-
1522.19
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||0.00
4,522.19
0.00
5,165.00|
Page **10** of **12**
|**7.2 Amortisation and impairments**
**Freehold**
**Land &**
**Buildings**
**Plant &**
**Machinery**
**£**
**£**
At 01 AUG 2023
0.00
600.00
Additions
0.00
904.44
Disposals
0
-
Revaluations
0
-
Transfers
0
-
At 31 JULY 2024
0.00
1,504.44
**7.3 Net book value**
**Freehold**
**Land &**
**Buildings**
**Plant &**
**Machinery**
**£**
**£**
At 01 AUG 2023
0.00
2,400.00
At 31 December 2024
0.00
3,017.75
**8 Current Assets**
Short term deposits
Cash at bank and on hand
Other debtors (Gift Aid)
Prepayments & accrued income
**9 Creditors: Amounts falling due within one year**
Other creditors
Other liabilities
**10 Creditors: Amounts falling due after one year**
Bank loans and overdrafts|**Freehold**
**Land &**
**Buildings**
**Plant &**
**Machinery**
**£**
**£**
0.00
600.00
0.00
904.44
0
-
0
-
0
-|**Motor**
**Vehicles**
**Fixtures &**
**Fittings**
**£**
**£**
0.00
2,066.00
-
1,033.00
-
-
-
-
-
-|
|---|---|---|
||0.00
1,504.44|0.00
3,099.00|
||**Freehold**
**Land &**
**Buildings**
**Plant &**
**Machinery**
**£**
**£**
0.00
2,400.00|**Motor**
**Vehicles**
**Fixtures &**
**Fittings**
**£**
**£**
0.00
3,099.00|
||0.00
3,017.75|0.00
2,066.00|
|||**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
0
0
21,422.75
9,112.06
0
0
0
0|
|||21,422.75
9,112.06|
|||**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
13,524.20
13,524.20
500.00
500.00
0
0|
|||14,024.20
14,024.20|
|||**Total**
**funds**
**2024**
**Total**
**funds**
**2023**
**£**
**£**
0
0
0.00
0.00|
Page **11** of **12**
## **11 Charity funds 11.1 Details of material funds held and movements during the CURRENT reporting period**
|**period**||
|---|---|
|**Fund names**
Unrestricted General Funds
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
586.86
18,797.88
-6,902.44
12482.302|
||586.86
18,797.88
-6,902.44
0.00
0.00
12,482.30|
## **11.2 Details of material funds held and movements during the PREVIOUS reporting period**
|**Fund names**
**Unrestricted funds**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
-
2,050.00
8,866.02
-6,229.16
0
0
586.86
-2,050.00
8,866.02
-6,229.16
0.00
0.00
586.86|
|---|---|
Page **12** of **12**