2025-08-29-accounts - Charis Covenant Ministry

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Charity registration number: 1204683

CHARIS COVENANT MINISTRY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 AUGUST 2025

CHARIS COVENANT MINISTRY Contents

	Page
Reference and Administrative Details	1
Trustees' Report	2—4
Independent Examiner's Report	5
Statement of Financial Activities	6
Statement of Financial Position	7
Notes to the Financial Statements	8—12
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities	13

CHARIS COVENANT MINISTRY Reference and Administrative Details For The Year Ended 29 August 2025

Trustees

Charity Number Principal Address Independent Examiner

Ms Gladys Kessie Mr Eric Dickson Ms Eunice Owusu - Chair 1204683 40 Sadlers Mead Harlow Essex CM18 6HQ S S Marley Limited 11 Solomon Avenue London England N9 0SF

Page 1

CHARIS COVENANT MINISTRY

Trustees' Report For The Year Ended 29 August 2025

The trustees present their report and the financial statements for the year ended 29 August 2025.

Objectives and Activities

Aims and Objectives

Charis Covenant Ministry is a Bible-believing church based in North London. Our purpose is to proclaim the message of Jesus Christ to local communities and nations around the world. We are committed to supporting the community in practical ways and helping individuals lead Christ-like lives through spiritual guidance and compassionate outreach.

Our Charitable Objective:

The advancement of the Christian faith in accordance with our basis of faith, primarily but not exclusively within North London and surrounding areas;-
The prevention and relief of need, hardship, and sickness
The advancement of education, especially Christian education and moral instruction;
The provision of facilities in the interests of social welfare for recreation or other leisure-time occupation for individuals who are in need by reason of youth, age, infirmity or disability, financial hardship or social circumstances, with the aim of improving their conditions of life.

Activities undertaken include:

Weekly worship services, pastoral care, prayer support, and faith-based teaching
Community outreach, counselling, family assistance, and hardship support
Youth and adult discipleship programmes, mentoring, and Bible studies
Support for vulnerable individuals through targeted relief initiatives
Volunteer-led community engagement and wellbeing programmes

No fees were charged for any charitable activity.

All charitable activities will be carried out in a manner that reflects the Church’s doctrinal distinctives and ethical standards as outlined in the Church handbook

Public Benefit

The trustees confirm compliance with section 17 of the Charities Act 2011 and have had due regard to Charity Commission guidance on public benefit. All activities were accessible regardless of background, faith, ethnicity, or financial circumstances

Access, Inclusion, and Fees

No fees were charged for worship services, pastoral support, or community programmes during 2025. Voluntary donations did not affect access to any service.

Safeguarding and Welfare Compliance

The trustees maintained appropriate safeguarding policies throughout 2025 to protect children, young people, and vulnerable adults. These policies ensured that public benefit was delivered responsibly, safely, and in accordance with regulatory expectations.

Trustee Assessment

The trustees have reviewed the charity’s activities for the year and confirm that: All resources were applied exclusively toward advancing the charity’s purposes. Activities undertaken provided demonstrable public benefit to the wider community.

Charis Covenant Ministry continues to meet the public benefit requirement set out in the Charities Act 2011. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Page 2

CHARIS COVENANT MINISTRY Trustees' Report (continued) For The Year Ended 29 August 2025

Financial Review

Financial Position

Total income for the year amounted to £13,889 (2024: £12,887), comprising unrestricted donations. Total expenditure amounted to £15,095 (2024: £10,776), relating to premises costs, ministry activities, depreciation, administration, and sundry charitable expenses.

This resulted in a net deficit of £1,206, reducing unrestricted funds from £1,611 at the start of the year to £405 at year end. The deficit arose primarily due to increased premises costs and ministry-related expenditure. The trustees consider this to be a planned and controlled use of reserves in furtherance of the charity’s objectives.

Reserves Policy

The charity aims to maintain unrestricted reserves equivalent to twelve months of committed expenditure. Actual unrestricted reserves at year end were £405, which represents less than one month of planned expenditure. The trustees consider this acceptable due to stable donor support, low financial risk, and planned cost management. A review of reserves will be undertaken during 2026 to strengthen financial resilience

Going Concern

The trustees consider the charity to be a going concern based on continued donor support, stable operational activity, and planned cost management.

Principal Funding Sources

The charity’s primary income source is donations from its congregation and supporters.

Principal Risks and Uncertainties

Key risks include: Dependence on voluntary donations Rising premises costs Safeguarding compliance Operational continuity risks due to limited reserves Mitigation includes regular financial monitoring, safeguarding training, and cost control.

Plans for Future Periods

The charity plans to:

Expand community outreach and discipleship programmes
Strengthen volunteer engagement
Improve premises stability and long-term ministry planning
Enhance digital and educational resources

Structure, Governance and Management

Governing Document

Charis Covenant Ministry is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 12 September 2023. The charity is governed by its constitution and managed by a Board of Trustees.

The trustees delegate operational oversight to a Council of Management, supported by advisers who assist with programme delivery, policy implementation, and compliance monitoring. Trustees meet regularly throughout the year to review performance, financial stewardship, safeguarding, and risk management.

Trustee Recruitment, Appointment and Training

Trustees are appointed in accordance with the CIO constitution. New trustees undergo an induction process covering governance responsibilities, safeguarding, financial stewardship, and Charity Commission compliance. Ongoing training is provided through external guidance and internal policy reviews

Post Balance Sheet Events

The trustees confirm that no events have occurred since the balance sheet date that require disclosure in the financial statements.

Page 3

CHARIS COVENANT MINISTRY Trustees' Report (continued) For The Year Ended 29 August 2025

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the Trustees' Report and the 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 state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charity and to enable them to ensure that the accounts comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ms Eunice Owusu Trustee 30/06/2026

Page 4

CHARIS COVENANT MINISTRY Independent Examiner's Report to the Trustees of CHARIS COVENANT MINISTRY For The Year Ended 29 August 2025

I report to the trustees on my examination of the accounts of CHARIS COVENANT MINISTRY (the Trust) for the year ended 29 August 2025.

Responsibilities and Basis of Report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

S S Marley

S S Marley Limited 30/06/2026 11 Solomon Avenue London England N9 0SF

Page 5

CHARIS COVENANT MINISTRY Statement of Financial Activities For The Year Ended 29 August 2025

Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 EXPENDITURE ON: Charitable activities: 5 Church activities NET (EXPENDITURE)/INCOME Other gains/ (losses) NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10 The notes on pages 8 to 12 form part of these financial statements.	29 August 2025 Unrestricted funds £ 13,889	29 August 2024 Unrestricted funds £ 12,887
	(15,095 )	(10,776 )
	(1,206 ) -	2,111 (500 )
	(1,206 ) 1,611	1,611 -
	405	1,611

Page 6

CHARIS COVENANT MINISTRY Statement of Financial Position As At 29 August 2025

Notes FIXED ASSETS Tangible Assets 8 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 9 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 10 On behalf of the board Ms Eunice Owusu Trustee 30/06/2026 The notes on pages 8 to 12 form part of these financial statements.	29 August 2025 Unrestricted funds £ 2,125	29 August 2024 Total funds £ 1,500
	2,125 1,266	1,500 3,707
	1,266 (2,986 )	3,707 (3,596 )
	(1,720 )	111
	405	1,611
	405	1,611
	405	1,611
	405	1,611

Page 7

CHARIS COVENANT MINISTRY Notes to the Financial Statements For The Year Ended 29 August 2025

1. General Information

Charis Covenant Ministry is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission, charity number 1204683. The principal address is:

40 Sadlers Mead Harlow Essex CM18 6HQ

The financial statements cover the period 30 August 2024 to 29 August 2025 and present comparative information for the year ended 29 August 2024.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with:

The Charities SORP (FRS 102)
Financial Reporting Standard 102
The Charities Act 2011

The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared under the historical cost convention..

2.2. Going Concern Disclosure

The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charity's ability to continue as a going concern.

2.3. Incoming Resources

Income is recognised when:

The charity has entitlement to the funds,
Receipt is probable, and
The amount can be measured reliably.

Voluntary income, comprising donations, provides core funding. This is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contributions made by volunteers can be found in the Trustees' Report.

2.4. Resources Expended

Direct costs comprise those costs incurred by the charity in the delivery of its activities.It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Expenditure is recognised on an accruals basis as liability is incurred. Charitable and noncharitable expenditure is allocated to the respective activities and any shortfall is funded from unrestricted funds. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Costs of charitable activities are those costs relating to the activities carried out to meet theobjectives of the Church. These include both directly attributable costs and apportioned support costs.

2.5. 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:

Fixtures & Fittings

25% Straight Line

Page 8

CHARIS COVENANT MINISTRY Notes to the Financial Statements (continued) For The Year Ended 29 August 2025

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Financial Instruments

The charity holds only basic financial instruments as defined in Sections 11 and 12 of FRS 102. These arise from normal operating activities and are limited to cash, short-term receivables, and short-term payables.

Financial Assets

Financial assets include: Cash at bank and in hand

Short-term receivables (such as prepayments or amounts due from third parties)

Financial assets are initially recognised at the transaction price and subsequently measured at amortised cost, less any impairment. The charity does not hold any investments, complex financial instruments, or financial assets measured at fair value.

Financial Liabilities

Financial liabilities include:

Trade creditors

Accruals and other short-term payables

These are initially recognised at the transaction price and subsequently measured at amortised cost. The charity does not have borrowings, long-term debt, or any financial liabilities measured at fair value.

Risk Management

The charity is exposed only to low-level financial risks, including: Credit risk – limited to cash balances held with reputable financial institutions Liquidity risk – managed through regular monitoring of cash flow and reserves Cash-flow risk – minimal due to the absence of borrowings or long-term financial commitments The trustees do not engage in hedging, derivative contracts, or any form of speculative financial activity.

3. Income from Donations and Legacies

29 August 2025 29 August 2024 Unrestricted Unrestricted funds funds £ £ Donations and gifts 13,889 12,887 4. Net Income/(Expenditure) The net (expenditure)/income is stated after charging/(crediting): 29 August 2025 29 August 2024 £ £ Depreciation of tangible fixed assets - owned 875 500	29 August 2025 Unrestricted funds £ 13,889	29 August 2024 Unrestricted funds £ 12,887

Page 9

CHARIS COVENANT MINISTRY Notes to the Financial Statements (continued) For The Year Ended 29 August 2025

5. Analysis of Expenditure

Church activities Church activities 6. Support Costs Premises expenses General administration Depreciation Premises expenses General administration Depreciation	Activities undertaken directly £ 3,720	Support costs (see note6) £ 11,375	29 August 2025 Total £ 15,095 29 August 2024 Total £ 10,776 29 August 2025 Church activities £ 9,000 1,500 875 11,375 29 August 2024 Church activities £ 6,000 3,180 500 9,680
	Activities undertaken directly £ 1,096	Support costs (see note6) £ 9,680

7. Average Number of Employees

Average number of employees during the year was: NIL (2024: NIL)

Page 10

CHARIS COVENANT MINISTRY Notes to the Financial Statements (continued) For The Year Ended 29 August 2025

8. Tangible Assets

Cost As at 30 August 2024 Additions As at 29 August 2025 Depreciation As at 30 August 2024 Provided during the period As at 29 August 2025 Net Book Value As at 29 August 2025 As at 30 August 2024 9. Creditors: Amounts Falling Due Within One Year Trade creditors 10. Movement in Funds Unrestricted funds General: Funds Total funds As at 12 September 2023 £ Unrestricted funds General: Funds - Total funds -	As at 30 August 2024 £ 1,611	Income £ 13,889	29 August 2025 £ 2,986 Expenditure £ (15,095 )	Fixtures & Fittings £ 2,000 1,500
				3,500
				500 875
				1,375
				2,125
				1,500
				29 August 2024 £ 3,596
				As at 29 August 2025 £ 405
	1,611	13,889	(15,095 )	405
	Income £ 12,887	Expenditure £ (10,776 )	Gains and losses £ (500 )	As at 29 August 2024 £ 1,611
-	12,887	(10,776 )	(500 )	1,611

11. Post Balance Sheet Events

No events requiring disclosure.

Page 11

CHARIS COVENANT MINISTRY Notes to the Financial Statements (continued) For The Year Ended 29 August 2025

12. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

13. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

Page 12

CHARIS COVENANT MINISTRY Detailed Statement of Financial Activities For The Year Ended 29 August 2025

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations from individuals EXPENDITURE ON: Charitable Activities: Church activities Legal and professional costs Other direct costs Rent Sundry expenses Depreciation of fixtures and fittings NET (EXPENDITURE)/INCOME	29 August 2025 Total funds £ 13,889	29 August 2024 Total funds £ 12,887
	13,889	12,887
	13,889 (400) (3,320) (9,000) (1,500) (875)	12,887 (1,096) - (6,000) (3,180) (500)
	(15,095)	(10,776)
	(15,095)	(10,776)
	(1,206)	2,111

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