Charity number: 1201476
HARVESTERS INTERNATIONAL CHRISTIAN CENTRE TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Seniguk Consulting ltd Harlow Enterprise Hub Harlow Essex CM20 2NQ
HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Trustee Report and Financial Statements For The Year Ended 31 December 2024
| Contents | |
|---|---|
| Page | |
| Charity Information | 3 |
| Trustee's Report | 4 |
| Accountants' Report | 5—6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9—10 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Financial Activities Account | 11 |
HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Charity Information For The Year Ended 31 December 2024
Charity Number 1201476 Registered Office Suite 311, Churchill House 120 Bunns Lane LONDON NW7 2AS Accountants Seniguk Consulting ltd Harlow Enterprise Hub Harlow Essex CM20 2NQ
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Charity No. 1201476 Trustee Report for The Year Ended 31 December 2024
The trustee presents his report and the financial statements for the year ended 31 December 2024.
Trustees
CHARITY INFORMATION
Trustees (Chair) IBUKUNOLA AKINOLA OSHUNGBOHUN Trustees ADEBIMPE ABIDEMI ADEGUN
Statement of Trustee’s Responsibilities
REPORT OF THE TRUSTEES FOR YEAR ENDED 31 December 2024
The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 11 to 13 and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland. (FRS 102) (effective 1 January 2019).
Objectives and Activities
The object of the Foundation is to promote the Harvesters International Christian Centre in the United Kingdom. In furtherance of this object the Trustees may provide and maintain places of public worship carry out religious services, pay staff cost and any remuneration and hold religious and other meetings in connection with the Harvesters International Christian Centre.
To advance the Christian Faith for the benefit of the Public in the UK and overseas in accordance with the statements of Faith by providing facilities for Christian Worship, Prayer and Religious Education.
Summary of the main achievements of the charity
The Church meet every Sunday at different campuses in the UK. The Trustees have paid due regard to the public benefit guidance as published by the Charity Commission. During the year, church management attended and organised conferences, retreats, and trips in the UK and abroad. The church has sports activities for the youth and has football and basketball teams which play within the UK.
Statement of trustees’ responsibilities in relation to financial statements
The trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the applicable Charities SORP.
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make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed.
The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees and signed on behalf of the board on 22[nd] September 2025
Signed IBUKUNOLA AKINOLA OSHUNGBOHUN, Trustee Chair
22/09/2025
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Accountants' Report For The Year Ended 31 December 2024
INDEPENDENT ACCOUNTANT REPORT TO THE TRUSTEES OF HARVESTER INTERNATIONAL CHRISTIAN CENTRE
Opinion
We have prepared and review the financial statements of Harvester International Christian Centre (the ‘charity’) for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity’s affairs as of 31 December, 2024 and of its incoming resources and application of resources for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our review in accordance with International Standards on Accounting (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the accountant responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to the review of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern.
The financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report other than the financial statements and our report thereon. Our opinion on the financial statements does not cover the other information and, we do not express any form of assurance conclusion thereon.
In connection with THE financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the review or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception.
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the financial statements is inconsistent in any material respect with the Trustees’ Report; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our review
Responsibilities of trustees
As explained more fully in the Statement of Trustees’ responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the review of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
...CONTINUED
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Accountants' Report (continued) For The Year Ended 31 December 2024
Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an Independent Auditor’s Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that a review conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these can detect irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that relate to the reporting framework.
We understood how the charity is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.
We assessed the susceptibility of the charity’s financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the charity has established to prevent and detect fraud, and how these are monitored by management, and any enhanced risk factors such as performance targets.
Based on our understanding, we designed our review procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.
We also performed review work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of the review, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our review work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in the financial report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Signed
22/09/2025
Seniguk Consulting ltd, Harlow Enterprise Hub, Harlow, Essex, CM20 2NQ
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Statement of Financial Activities For The Year Ended 31 December 2024
| Notes TURNOVER Cost of sales GROSS SURPLUS Distribution costs Administrative expenses OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 985,224 (145,910 ) 839,314 (8,953 ) (736,164) 94,197 |
2023 £ 538,354 (21,028 ) |
|---|---|---|
| 517,326 (2,256 ) (357,958 ) |
||
| 157,112 |
The notes on pages 9 to 10 form part of these financial statements.
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Balance Sheet As Of 31 December 2024
| Notes FIXED ASSETS Tangible Assets 4 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ 118,199 118,199 133,110 133,110 133,110 251,309 251,309 251,309 251,309 |
2024 £ £ 118,199 118,199 133,110 133,110 133,110 251,309 251,309 251,309 251,309 |
2023 £ £ 45,608 45,608 111,504 111,504 111,504 157,112 157,112 157,112 157,112 |
2023 £ £ 45,608 45,608 111,504 111,504 111,504 157,112 157,112 157,112 157,112 |
|---|---|---|---|---|
| 118,199 133,110 |
45,608 111,504 |
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| 133,110 | 111,504 |
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| 251,309 | 157,112 | |||
| 251,309 | 157,112 | |||
| 251,309 | 157,112 | |||
| 251,309 | 157,112 |
The financial statements were approved and authorised for issue by the Board on 22[nd] September 2025 and signed on behalf of the board by IBUKUNOLA AKINOLA OSHUNGBOHUN, Trustee Chair
……………………………….
22/09/2025
The notes on pages 9 to 10 form part of these financial statements.
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
HARVESTERS INTERNATIONAL CHRISTIAN CENTRE is a charity organisation, incorporated in England & Wales, registered number 1201476. The registered office is Suite 311, Churchill House, 120 Bunns Lane, LONDON, NW7 2AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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Basis of Preparation of Financial Statements
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Basis of accounting
- The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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Going concern.
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The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. They are of the opinion that donation from the church’s large congregation will cover any future liabilities.
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Change of accounting policy and change of accounting estimates.
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The accounts present a true and fair view, and the accounting policies adopted are those outlined in note.
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and no changes to the accounting estimates have occurred in the year.
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Material prior year errors
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No material prior year errors have been identified in the reporting period.
2.2 Income
Recognition of income
Income is recognised in the period in which the charity is entitled to receive, and the amount can be measured with reasonable certainty. All voluntary income which comprises of donations, collection is included in income on a receivable basis is accounted for on amounts receivable in the year.
Tax reclaims on donations and gifts.
No Gift Aid receivable is included in income during the period.
2.3 Expenditure and liabilities Liability recognition
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Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of obligation can be measured with reasonable certainty.
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Resources expended.
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Resources expended are included in the Statement of Financial Activities on an accrual’s basis inclusive of any irrecoverable VAT.
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Charitable activities
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Direct charitable expenditure includes all staff costs, property and other expenditure directly related to the charitable activities of the Foundation.
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Governance and support cost
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Support costs have not been allocated between governance costs and other costs.
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Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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Support costs include central functions.
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Creditors
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The charity has creditors which are measured at settlement amounts less any trade discounts.
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Foreign currency translation
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to Statement of Financial Activities.
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Taxation
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The charity is a registered charity and as such its income and gains falling within the Income Tax Act 2007 are exempt from corporation tax to the extent that they are applied to its charitable objectives.
...CONTINUED
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Notes to the Financial Statements (continued) For the Year Ended 31 December 2024
o Fund accounting Restricted Funds
The restricted funds wholly relate to donations made specifically towards the cost of the church’s basement project.
2.4 Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
3. Average Number of Employees
Average number of employees during the year was:
4. Tangible Assets
| Cost As at 1 January 2024 Additions As at 31 December 2024 Depreciation As at 1 January 2024 Provided during the period As at 31 December 2024 Net Book Value As at 31 December 2024 As at 1 January 2024 |
Plant & Machinery £ 45,608 79,432 |
|---|---|
| 125,040 | |
| - 6,841 |
|
| 6,841 | |
| 118,199 | |
| 45,608 |
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HARVESTERS INTERNATIONAL CHRISTIAN CENTRE Detailed Income and Expenditure Account For The Year Ended 31 December 2024
| TURNOVER Tithe Special Offering-Seeds Offerings FX Church Building and Offering with Other description COST OF SALES Statutory Contributions GROSS SURPLUS Distribution Costs Rehearsal Venue-facilities & equip hire Administrative Expenses Outreaches Production(Programs) Logistics Music Consultancy Services Children & Teens Church Hotel expenses Rent Management Consultancy Digital Advertising Computer software costs Repairs, renewals and maintenance Printing, postage and stationery Benevolence Training seminars and workshops Telephone Accountancy fees Guest Services Welfare Spiritual Development Service Charge Subscriptions Bank charges Charitable donations Creative Programming Other Charity expenses Depreciation OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 145,910 8,953 47,729 39,774 12,760 59,246 2,145 9,585 241,194 39,999 12,794 78 15,509 3,732 9,199 9,409 4,975 3,000 14,859 15,542 67,580 39,191 7,312 2,905 8,772 62,034 6,841 |
£ 803,592 23,794 150,568 7,270 |
2023 £ 21,028 2,256 20,606 9,749 1,257 - 1,753 - 112,886 107,688 1,100 - 32,547 - 3,409 - - - 13,929 610 - 1,269 6,149 - 2,297 42,709 - |
£ 321,936 12,497 128,513 75,408 |
|---|---|---|---|---|
| 985,224 (145,910) |
538,354 (21,028) |
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| 839,314 (8,953) (736,164) |
517,326 (2,256) (357,958) |
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| 94,197 | 157,112 |
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