JOY HOUSE MINISTRIES CHARITY No. 1047691 TRUSTEES REPORT AND FINANCIAL STATEMENT 31 MARCH 2024
JOY HOUSE ARIA ACCOUNTANTS LTD REPORT ON THE AccourS FOR THE YEAR ENDED 31 MARCH 2024. ST I have reviewed the attached document that you sent to me and I can confirm that everything appears to be correct. I have successfvlly generated the account and examined it in detail. In my opinion, the account is accurate, and I hereby confimi rt. Report to the Trustees l Members of Joy House on the accounts for the year ended 31 March 2024. Respective responsibilities of trustees and examiner The charty's trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit is not required for this year under section 144 of Ihe Charities Act 2011 (the Charities Act) and that Aria Accountants Ltd examinat'on is needed. It is my responsibility to: Examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general D1CtionS given by the Charity Commission (under section 145 (5) (b) of the Charities Act. and to stste whether particular matters have come to my attention. Based on Aria Accountants Ltd examinerfs statement My examination was carried out in accordan with general direction given by the Charity Commission. An examination indudes 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 explanation from the trUStS 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 fairf view and the report is limited to those matters set out in the statement below. Aria Accountants examlnefs ststement In connection with my examination. no matter has come to my attention which gives me reasonable cause to believe that in. any material respect, the requirement. to keep accounting records in accordance with section 130 of the Charities Act; and to prepare accounts with accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met" or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts too be reached. Nazir Ahmadzi 23 Masons Avenue. Harrow, HA3 SAH E. info ariaaccountants.co.uk T.020 8427 7114 M.07886 009817 Date.'23 January 2025
JOY HOUSE LEGAL AND ADMINISTrATIVE INFORMATION CHARITY NUMBER 1047691 WORKING NAMES JOY HOUSE MINISTRIES (Working name) HARLESDEN CHRISTIAN FELLOWSHIP (Previous name) START OF FINANCIAL YEAR 01 April 2023 END OF FINANCIAL YEAR 31 March 2024 TRUSTEES AT 31 MARCH 2023 Mrs Betty Smith (Chairperson) Rev. Jimmy Light Rev. mauri Yeboah The existing trustees appoint any new trustees following the provisions laid out in the Charity's goveming instrument LEGAL STATUS Unincorporated Charity GOVERNING INSTRUMENT Declaration of Trust Dated 25 April 1995 REGISTRATION DATE 25 April 1995 OBJECTS To advan and proclaim the Christian faith by the promotion of the gospel of our Lor(l Jesus Christ and to extend the Christian evangelical faith in the U.K and elsewhere. CORRESPONDENCE ADDRESS 111 Abercom Crescent Harrow Middlesex HA2 OPY PRIMARY BANKERS Lloyds TSB Bank PIC 25 Gresham Street London EC2V 7HN ARIA ACCOUNTANTS LTD. 23 Masons Avenue Harrow HA3 SAH
JOY HOUSE MINISTrIES Trustees Annual Report The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1047691 Trustee The following trustee served during the year: B. SMITH Accountants Aria Accountants Ltd 130 Manor Way Ruislip HA4 8HR The trustee is responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible forsafeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed B. SMITH Trustee 31 March 2024
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 MENBERSHIP AND MEETINGS: There are signs of revtving enthusiasm among members after the dip in enthusiasm during the COVID 19 period. Our rnting numbers are gradually climbing to pre-COVID numbers. We have continued wtth our regular Sunday family ServIS at Lewinson Community Centre in Willesden at 9.30am. The Sunday servi$ are broadcast on YouTube and Facebook to reach others who cannot make tt to the servIs. These broadcasts have been highly commended by those who cannot attend the in-person services. Our Children service is held on the third Sunday of every month at 11.30am, after the family services. The Youth Service is held on the first Sunday of every month, at 11.30. after the family servi. CONFERENCES: Our 3 'Be Strong. Conferences were held successfully in April. May and October. These 3-day vIVal COnferenS guest speakers, were V11 patronised and members and guests testified of being wonderfully blessed and refreshed. The highlight of the October conference was the ordinab'on of Mrs Georgina Acquah as a pastor of Joy House. The Joint Pentecost conferen on 26th of May which brought all the churches of Brent together for joint celebration was very successful. This is an event organised by the deans of the different denominations in the borough of Brent. Pastor Martin Ossei of Joy House being one of the deans put us right in the ntre of this event, and we are encouraged by the selfless contribution of our members. COMMUNITY: As a community charty. the motivation of everything we do is to enhan the lives of the people in our community. This past year, we have continued to PTovide support for our community. Not only do we provide a hub of prayer, worship, counselling and education in our community, we support the needy and vulnerable with practical support. Our community team and ladies fellowship co-ordinate home visits and care-home visits to the house bound and vulnerable, as well as hospital and prison visits. We volunteer at food banks, and being on Brent Council data base means we liaise with the Council to offer our ServIS when needed. Our yearly summer 'Brent Farnily Festival, at Unity Centre in Harlesden where V organise a community party and sports festival for the Youth in our community. was well patronised and praised. Our Evangelism and community team led by Rev Yinka Afuwape engaged in educational outreaches, conducting school assemblies and providing chaplaincy cover for some schools. "Brent Chrislmas To You" and other initiab'ves broadcast Christan events in our community online for the benefit of all. MISSION SUPPORT: We have continued to provide mission support to our pathers in India, South Africa and Ghana to help orphan children. widows and the needy. FINANCES.. Please find attached. the Financial Statement of 1 Apfil, 2023 to 31 March, 2024. Mrs Bety Smith CHAIR OF TRUSTEES
JOY HOUSE MINisfRIES Statement of Financial Artivities for the year ended 31 March 2024 Unrestrirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Investments 129,146 129,146 99,320 Total 129,146 129,146 99,322 Expenditure on: Charitable activities Other 9,548 111,926 9,548 111,926 3,325 107,564 Total 121,474 121,474 110,889 Net gains on investments Net income/(expenditure) Transfers between funds 7,672 7,672 (11.567) Net income/(expenditure) before other gains/(losses) 7,672 7,672 111,567) Other gains and losses ILosses}/Gains on revaluation of fixed assets {5,094) (5.094) 6,473 Net movement In funds 2,578 2,578 15,094) Reconciliation of funds: Total funds carried fonvard 2,578 2,578 (5,094)
JOY HOUSE MINISTRIES Balance Sheet at 31 March 2024 Charity No. 1047691 2024 2023 Fixed assets Tangible assets 4,377 4,377 6.266 6,266 Current assets Cash at bank and in hand 1,283 1,283 (3,082) (1,799) 2,578 (8,837) (8,837) (2,523) (11,3601 (5,094) 15,094} Creditors: Amount falling due within one year Net current liabilities io Total assets le55 current liabilities Net assets/(liabilities) excluding penslon asset or liability Total net assets/(liabilities) 2.578 2,578 {5,094) The funds of the charity Restrirted funds Unrestrirted funds li li General funds 7.672 7,672 Reserves li Revaluation reserve (5,094) (5,094) Totsl funds 2,578 Approved by the trustees on 31 March 2024 And signed on their behalf by: B. SMITH Trustee 31 March 2024
JOY HOUSE MIN15fRIES Notes to the Accounts for the year ended 31 March 2024 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic rf Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ire5and (FRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies {valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity- These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Tax reclaims on Gains/llosses) on investment assets This includes any gain orloss on the sale of investments.
JOY HOUSE MINisfRIES Note5 to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity. together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxatlon The charity is exempt from tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and Cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
JOY HOUSE MINISTRIES Notes to the Accounts Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basi5 over the lease term. In the event that lease incentives are received to enter into operating leases, such incentive5 are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Receipt of donated goods. facilities and servi$ All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
JOY HOUSE MINISTRIES Notes to the Accounts 2 Statement of Financial Activities - prlor year Unrestricted fvnds Total funds 2023 2023 Income and endowments from: Donations and legacies Investments 99,320 99,320 Total 99,322 99,322 Expendlture on: Charitable activities 3.325 3,325 107,564 Other 107,564 Total 110,889 110,889 Net income (11,567) 111,567) Net income before other gains/(losses) Other gains and losses: Gains on revaluation of fixed assets (11,567) 111,567) 6,473 6,473 Net movement in funds 15,094} (5,094) Reconciliation of funds: Total funds carried fonmard 15,094) (5,094) 3 Income from donations and legacies Unrestricted Total Total 2024 2023 129,146 129.146 129,146 129,146 99,320 99,320 4 Income from investments Total Total 2024 2023
JOY HOUSE MINISTRIES Notes to the Accounts 5 Expenditure on charitable artivrties Unrestricted Totsl Total 2024 2023 Expenditure on choritoble activities 9,548 3,325 Governance costs 9,548 9,548 3,325 6 Other expenditure Unrestrirted Total Total 2024 2023 1,787 1,787 Employee costs Motor and travel costs 66,384 1,633 66,384 1,633 25,360 43,022 5,400 41,288 Premises costs 25,360 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 1,889 1.889 2,089 13,623 1,250 111,926 13,623 1.250 14,965 800 Legal and professional costs 111,926 107,564 7 Net income/{expenditure) before transfers 2024 2023 This is stated after charging: Depreciation of owned fixed assets 8 Staff costs 1,889 2,089 2024 2023 Salaries and wages 23,900 23,9tK) 31,200 31.200 No employee received emoluments in eXs5 of £60,000.
JOY HOUSE MINisfRIES Notes to the Accounts 9 Tangible fixed assets Cost or revaluation At l April 2023 At 31 March 2024 Depreciation and impairment At l April 2023 Depreciation charge for the year At 31 March 2024 16,635 16,635 18,358 18,358 34,993 34,993 10,799 17,928 28,727 1,459 430 1,889 12,258 18,358 30,616 Net book values At 31 March 2024 At 31 March 2023 10 Creditors: amounts falling due within one year 4.377 5,836 4,377 6,266 430 2024 2023 Other taxes and social security Accruals 1,289 1,793 3,082 1.137 1,386 2,523 11 Movement in funds Incoming resources (including other gains/losses At31 March 2024 Resources expended Restricted funds: Unrestricted funds: General funds 129,146 (121,474) 7,672 Revaluation Reserves: Revaluation fund (5,094) (5,094) 15.094) {5,094) Total revaluation reserves Total funds 124,052 {121,474) 2,578 Purposes and restrictions in relation to the funds: Revaluation reserves Represent the amount by which investments exceed their historical cost.
JOY HOUSE MINISTRIES Notes to the Accounts 12 Analysis of net assets between funds Unrestrirted funds Restrirted funds Total Fixed assets Net current assets 4,377 1,283 5,660 4,377 (1,7991 2,578 (3.082) {3,082) 13 Reconciliation of net debt At31 At l April 2023 March 2024 Cash flows Cash and cash equivalents 18,837) 18,837) 10,120 10,120 1,283 1,283 Net debt {8,837) 10,120 1,283
JOY HOUSE MINISTRIES Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operatlng activities Net income/(expenditure) per Statement of Finanaal Artivities 2,578 (5,094) Adjustments for.. Depreciation of property, plant and equipment Increase in trade and other payables 1,889 559 2,089 653 Net cash provided by/(used in) operating acttvities 5,026 {2,354) Net cash used in investing activibe5 (1,648) Net cash from financing activities Net increase/{decrease) in cash and cash equivalents 5,026 {4,tM)2) Cash and cash equivalents at the beginnlng of the year {8,837) 1,638 Cash and cash equivalents at the end of the year (3,811) {2,364) Components of cash and cash equivalents Cash and bank balanS 1.283 {8,837) 1.283 (8,837)
JOY HOUSE MINISTRIES Detailed Statement of Financial Activities for the year ended 31 Marth 2024 Unrestrirted funds Total funds Total funds 2024 2024 2023 Income and endowments from= Donations and legacies 129,146 129,146 129,146 129,146 99,320 99,320 Investments Total income and endowments 129,146 129,146 99,322 Expenditure on: Charitable activities 9,548 9,548 9,548 9,548 3.325 3,325 Totsl of expenditure on charitable activities 9.548 9,548 3,325 Other expenditure 1.787 1,787 1,787 1,787 Employee costs Salaries/wages Staff entertainment 23,900 9.728 1,000 14,476 17,280 66,384 23,900 9,728 31,200 5,700 Staff training Staff welfare Temporary staff 14,476 17,280 66,384 6,122 43,022 Motor and travel costs Vehicles- Insurance and licences Travel and subsistence 813 813 878 820 820 4,522 5,400 1,633 1,633 Premises costs Rent 25,160 200 25.160 200 41,088 200 Light, heat and power 25,360 25,360 41,288 General administrative costs. including depreciation and amortisation Depreciation of Depreciation of Bank charges Equipment repairs and maintenance 1,459 430 1,459 430 1,946 143 3.369 3,369 1,042 1.149 1,149 12,182
JOY HOUSE MINISTRIES Detailed Statement of Financial Activities Information and publications Postage and couriers Software, IT support and related costs 1,895 16 1,895 16 247 247 ststionery and printing Sundry expenses Telephone, fax and broadband 263 263 163 5,240 5,240 1,444 15.512 1,570 17,054 15,512 Legal and professional costs Accountancy and bookkeeping 1,250 1,250 1,250 1,250 800 800 Total of expenditure of other costs Total expenditure Net gains on investments 111.926 111,926 107,564 121.474 121.474 110,889 Net income/(expenditure) 7,672 7,672 (11,567} Net Income/(expendlture) before other gains/(losses) Other recognised gains and losse5 ILossesl/Gains on revaluation of fixed assets 7,672 7,672 (11,567) (5,094) 15,094) 6,473 Other Gains Net movement in funds 2,578 2,578 (5,094) Reconciliation of funds: Total funds brought forward Total funds carried forward 2,578 2,578 {5,094)