**REGISTERED CHARITY NUMBER: 1083410**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 January 2021**
**for Holy Nation Church**
Williams & Co Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF
**Holy Nation Church**
**Contents of the Financial Statements for the Year Ended 31 January 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**||10||
## **Holy Nation Church**
## **Report of the Trustees for the Year Ended 31 January 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 January 2021. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The aim of Holy nation Church is to preach the Gospel and make Jesus Christ known to this world. We seek to fulfill the Great Commission to make disciples of all nations through general church activities and mission work overseas.
## **ACHIEVEMENT AND PERFORMANCE**
## **How we Fulfill our Charitable Aims**
We fulfil our charitable aims by: carrying out street outreaches; regular trips to work with churches abroad for missional work; holding church services, midweek home groups and various other church meetings; running a Discipleship Training Programme; hosting social media accounts and running several social outreaches, such as ministry to the homeless - in effect, these are all the ministries as shown in our AGM presentation!
## **FINANCIAL REVIEW**
## **Where Money and Funds Came From**
Our funding this financial year has predominantly come from Tithes and also Love Offerings given by church members; additionally, 15% of our income came from Gift-Aid contributions. Our income from Tithes and Love Offering have been slightly down on the previous financial year, but this is most likely due to the weeks in which we were unable to hold services due to the Covid lockdown. However, Love Offering expenditure was considerably reduced due to no hall hire expenses for midweek meetings and some Sundays during the lockdown period.
## **Where / When Money was spent**
Most of our Tithes income has been spent on preaching the Gospel, missions and salaries. The bulk of our Love Offering and Gift-Aid income has been used for hall hire and the purchase of necessary equipment for church needs, such as sound equipment. Overall, our accounts remain in a healthy condition and we thank God for all His faithfulness and continued provision for our church.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1083410
## **Principal address**
34 Hervey Close Finchley Central London N3 2HD
## **Trustees**
C Groom J Fernandes Mrs M Samuel M Burgess
Page 1
## **Holy Nation Church**
## **Report of the Trustees for the Year Ended 31 January 2021**
**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Williams & Co Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF
Approved by order of the board of trustees on 30 November 2021 and signed on its behalf by:
M Burgess - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of Holy Nation Church**
## **Independent examiner's report to the trustees of Holy Nation Church**
I report to the charity trustees on my examination of the accounts of Holy Nation Church (the Trust) for the year ended 31 January 2021.
## **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 Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content 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.
Paul M Smith FCA Williams & Co Chartered Accountants 8-10 South Street Epsom Surrey KT18 7PF
Date: .............................................
Page 3
## **Holy Nation Church**
## **Statement of Financial Activities for the Year Ended 31 January 2021**
|2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
174,033
**EXPENDITURE ON**
Raising funds
131,231
**Charitable activities**
Retreats and meetings
5,811
Foodbanks and donations
2,068
Evangelism
1,878
Missions
27,126
Other
2,311
**Total**
170,425
**NET INCOME/(EXPENDITURE)**
3,608
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
115,450
**TOTAL FUNDS CARRIED FORWARD**
119,058|2020
Total
funds
£
190,608
149,073
14,659
3,510
858
30,056
594
198,750
(8,142)
123,592
115,450|
|---|---|
The notes form part of these financial statements
Page 4
## **Holy Nation Church**
## **Balance Sheet 31 January 2021**
|2021
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
5,330
**CURRENT ASSETS**
Cash at bank
113,728
**NET CURRENT ASSETS**
113,728
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
119,058
**NET ASSETS**
119,058
**FUNDS**
6
Unrestricted funds
119,058
**TOTAL FUNDS**
119,058|2020
Total
funds
£
4,113
111,337|
|---|---|
||111,337|
||115,450|
||115,450|
||115,450|
||115,450|
The financial statements were approved by the Board of Trustees and authorised for issue on 30 November 2021 and were signed on its behalf by:
J Fernandes - Trustee
The notes form part of these financial statements
Page 5
**Holy Nation Church**
## **Notes to the Financial Statements for the Year Ended 31 January 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
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.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Sound equipment & furniture - Straight line over 3 years Computer equipment - 50% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 6
continued...
## **Holy Nation Church**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
|Trustees' salaries
Trustees' social security|2021
£
19,058
223
19,281|2020
£
18,062
2,526|
|---|---|---|
|||20,588|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020.
## **3. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Trustees
Employees
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Retreats and meetings
Foodbanks and donations
Evangelism
Missions
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2021
2020
2
2
5
6
7
8
Unrestricted
fund
£
190,608
149,073
14,659
3,510
858
30,056
594
198,750
(8,142)
123,592
115,450|
|---|---|
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Page 7
continued...
## **Holy Nation Church**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **5. TANGIBLE FIXED ASSETS**
|**COST**
At 1 February 2020
Additions
At 31 January 2021
**DEPRECIATION**
At 1 February 2020
Charge for year
At 31 January 2021
**NET BOOK VALUE**
At 31 January 2021
At 31 January 2020
**6.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|Sound
equipment
& furniture
£
8,344
2,218
10,562
4,581
826
5,407
5,155
3,763
At 1.2.20
£
115,450
115,450
Incoming
resources
£
174,033
174,033
At 1.2.19
£
123,592
123,592|Computer
equipment
Totals
£
£
827
9,171
-
2,218
827
11,389
477
5,058
175
1,001
652
6,059
175
5,330
350
4,113
Net
movement
At
in funds
31.1.21
£
£
3,608
119,058
3,608
119,058
Resources
Movement
expended
in funds
£
£
(170,425)
3,608
(170,425)
3,608
Net
movement
At
in funds
31.1.20
£
£
(8,142)
115,450
(8,142)
115,450|
|---|---|---|
Page 8
continued...
## **Holy Nation Church**
## **Notes to the Financial Statements - continued for the Year Ended 31 January 2021**
## **6. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
190,608
190,608|Resources
Movement
expended
in funds
£
£
(198,750)
(8,142)
(198,750)
(8,142)|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.2.19
£
123,592
123,592|Net
movement
in funds
£
(4,534)
(4,534)|At
31.1.21
£
119,058|
|---|---|---|---|
||||119,058|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
364,641
364,641|Resources
Movement
expended
in funds
£
£
(369,175)
(4,534)
(369,175)
(4,534)|
|---|---|---|
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 January 2021.
Page 9
## **Holy Nation Church**
## **Detailed Statement of Financial Activities for the Year Ended 31 January 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Tithes
Collections
Other gifts
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Trustees' salaries
Trustees' social security
Wages
Social security
Hall hire
Ministry costs
Postage and stationery
Sundries
Sound equipment
Computer equipment
**Charitable activities**
Retreats
Evangelism
Missions
Gifts and donations
**Support costs**
**Governance costs**
Accountancy fees
Total resources expended
**Net income/(expenditure)**|2021
£
121,747
7,072
45,214
174,033
174,033
19,058
223
79,876
4,219
14,892
1,683
4,769
5,510
826
175
131,231
5,811
1,878
27,126
2,068
36,883
2,311
170,425
3,608|2020
£
136,290
11,857
42,461
190,608
190,608
18,062
2,526
81,203
2,342
35,153
4,096
1,336
2,685
1,320
350
149,073
14,659
858
30,056
3,510
49,083
594
198,750
(8,142)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 10