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2020-12-31-accounts

Registered number: 4047907 Charity number: 1088614

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Auditors' Report on the Financial Statements 6 - 8
Consolidated Statement of Financial Activities 9
Consolidated Balance Sheet 10 - 11
Charity Balance Sheet 12 - 13
Consolidated Statement of Cash Flows 14
Charity Statement of Cash Flows 15
Notes to the Financial Statements 16 - 42

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees and Key
Management Personnel		 Dr Olushola Adeaga, Trustee, Chief Operating Officer and Executive Pastor
Mr Nims Obunge, Trustee
Mr Olubunmi Toyobo, Trustee
Mrs Alero Ayida-Otobo, Trustee
Company registered
number
4047907
Charity Registered
Number
1088614
Registered Office
112 Brent Terrace
Brent Cross
London
London
NW2 1LT
Company Secretary
Samuel Sijuwade
Chief Executive Officer
and Senior Pastor
Pastor Agu Irukwu
Independent Auditors
Blue Spire Limited
Cawley Priory
South Pallant
Chichester
West Sussex
PO19 1SY
Bankers
Lloyds Bank
50 Notting Hill Gate
London
W11 3JD
Barclays Bank PLC
P O Box 4599
London
SW3 1XE
Solicitors
Wellers Law Group
Tenison House
Tweedy Road
Bromley
Kent
BR1 3NF

Page 1

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees, who are also Directors for the purpose of Company Law, are pleased to present the annual report for the purposes of Charities Act 2011 and sections 415 to 419 of the Companies Act 2006, together with the accounts for the period ended, 31st December 2020. The Trustees have adopted the updated provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102), in preparing the annual report and financial statements of the Charity.

STRUCTURE GOVERNANCE AND MANAGEMENT

Jesus House for all Nations (referred to as the organisation hereafter) is a charitable company limited by guarantee, incorporated on 4th August 2000 and registered as a charity on 27th September 2001. It has a noncharitable subsidiary company, New Dimensions Trading Limited.

It is governed by its Memorandum and Articles of Association and is managed by the Board of Trustees. Decisions are made by a simple majority vote by the Trustees who set the strategic direction of the Charity. Trustees are selected based on the contributions they will make to the governance of the organisation, and the skills they possess. They are provided with copies of the Charity Commission’s Guidance. Additional information and training are also provided as and when required.

Delegated authority has been given to the Senior Pastor and Leadership Team for the day-to-day running of the operations of the Charity.

OBJECTIVES AND ACTIVITIES

The Charity’s objectives are:

These objectives are charitable and operate for the public’s benefit. The charity pursues these objectives via its mission statement (In Pursuit of God, Discovering purpose, Maximising Potential and Impacting lives) from its premises at 112 Brent Terrace, Brent Cross, London.

The Charity’s main objective for the year was:

• To continue to strengthen its foundations and reposition the local church for the future through the reengineering project and technology which is aimed at improving organisational and operational effectiveness and efficiency to enable the charity to maximise its impact.

STRATEGIES

The Charity’s strategy for achieving the above objective is listed in some of the significant activities listed below: • The annual flagship events and activities organised (during the year) are in line with the charitable objectives to promote the Christian faith and help the less privileged and disadvantaged within the local and international community which include:

a) The Mandate Men’s Ministry Conference;

b) A Call to Serve (ACTS) Week of Serving;

c) The ‘Spreading Christmas Cheer’ outreach which provided free hot drinks and mince pies to commuters at local tube stations;

d) The Christmas Lunch on Jesus, which is an annual community centered project that provides families/people in need in the Borough with a Christmas Hamper.

e) The Londrina Jesus House for all nations Community Action Project in Brazil which started in 2010 with the Rehabilitation of ex-offenders at the state-run Londrina Prison Parana and the current renovation of a community centre.

With over 650 volunteers, who support and make an invaluable contribution to the operations of the Charity,

Page 2

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT

• The year 2020 was like no other in recent history with the emergence of a global pandemic. A challenging and difficult one for most people, yet the charity found new innovative ways of discharging its objectives, services and hosting events.

• The Charity, through its teams mentioned above, organised activities, events and meetings to promote its objectives.

• The Charity continues to provide invaluable financial and administrative support to the Festival of Life prayer event held bi-annually in London and in other regions in the United Kingdom.

• The Charity continues to provide substantial financial support to other charities (locally, nationally and internationally) operating within its objectives. Furthermore, the financial allocation for each year is approved by the Board of Trustees, while the disbursement to various charities is approved by the Management Team.

• The Charity continues to impact lives across the globe, and is now partnering with the Londrina State Penitentiary in Brazil, to help change the lives of many of its inmates.

• As the world continues to grapple with the Coronavirus (COVID-19) outbreak, the Charity has set up what is known as the Araunah Response Team (ART), to meet the needs of the most vulnerable in our community – especially those with no recourse to regular provisions. This is an initiative that provided practical and financial assistance to members and the local community who are finding it difficult to make ends meet during this period of a global pandemic.

• The Colindale Food Bank (part of The Trussell Trust), a food distribution service experienced a sharp increase for its services for those in need within the Borough, it operates out of our premises at Brent Terrace. With local and national donations, it was able to meet the needs of most of the people that required that service and support.

• The charity applied for what is known as the Stewardship Funds (a group of UK based Christian philanthropists came together to offer financial assistance to Christian organisations in an attempt to combat the effect and impact of the global pandemic (Covid-19)). This funding assisted the Charity to provide its members and members of the public with assistance in the following areas: Domestic Violence, Free Counselling Service, Global Covid Response, Employment Training, Debt Relief, to mention a few.

• Monthly sponsorship of the Good Shepherd Homes in India.

• During this unprecedented and challenging year where millions of people experienced financial hardship nationally and globally, the organisation hosted a series of financial seminars (such as ‘Empowering Your Small Business, Civil Service Recruitment Workshop, etc) to empower its members and all attendees in August and October 2020.

• The organisation also takes a keen interest in upholding family values by hosting events for married couples throughout the year such as the Marriage week (10th – 14th February 2020), Nourishing Marriage (31st October 2020), to name a few. These events were to enhance the marital relationship during a period where there was an increase in domestic violence abuse and divorce. The objective of the event is to ‘see couples build Christ-centred marriages that will last a lifetime, be a light to the world and leave a legacy for future

Page 3

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

generations.’

• A Call to Serve (ACTS) - This is usually an annual summer event where volunteers from the organisation would normally be serving our local community by doing gardening tasks in the homes of elderly, ill or other vulnerable residents. In light of recent circumstances - the global pandemic – Covid-19, this was postponed this year. However, an online supplementary school (The Acts Summer Academy) was set up to help provide tutoring to vulnerable children who may have fallen behind in their education during the pandemic and lockdown.

• The organisation takes the well-being of its members and local community seriously. Thus, a mini-series of mental health seminar (Mental Health Education Wellbeing Seminars – MEWS) was hosted by the Counselling and the HealthCare Teams to deal with issues such as anxiety and depression to name a few in August, September, October and November 2020.

• The organisation’s Men’s ministry continued to hold its monthly meetings, where men are encouraged to grow in every area of their lives (to name a few: in faith, family, finance, and to be good role-models in society etc).

• The organisation continues one of its renowned Christmas activity namely, Christmas Lunch on Jesus. This activity is of immense benefits to the public both locally and nationally especially during a global pandemic. • The organisation ended the year with a series of Christmas services such as the Christmas Carol, Christmas Day Service and the New Year Eve services. This is to share the good news of the gospel with its local community.

Due to the global pandemic, the above events and activities were held via virtual platforms with the aid of technology. These initiatives have contributed and transformed lives resulting in an improved quality of life. Other activities and events (such as an outreach programme called ‘Angel Tree’ where children of inmates are given Christmas presents; the ‘Spreading Christmas Cheer’ outreach which provided free hot drinks and mince pies to commuters at local tube stations etc) were postponed in accordance with the government Covid-19 guidelines.

RISK MANAGEMENT

The Trustees have conducted a review of the major risks which the Charity is exposed to. A risk register has been created which identifies the major risks by different areas of activities: the nature of these risks, the likelihood of these risks happening, and the measures taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that there are safe systems in place to manage the risks that have been identified. Insurance covers are in place and the finances of the Charity are kept under review. Where appropriate, systems have been created to mitigate the risks the Charity faces. A significant external risk to funding has led to the development of a strategic plan which has allowed for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures have been put in place to ensure compliance with health and safety of members of staff, volunteers, clients and visitors to the Charity.

PLANS FOR FUTURE PERIODS

The Charity continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there is an awareness of its services, and they are proactively seeking opportunities to be more involved in the community. The Charity seeks to provide services and activities that meet the needs of people in the community. These activities provide a positive change in the moral and spiritual climate of the local borough which reflects the charity’s Christian ethos and beliefs.

TRUSTEES RESPONSIBILITIES STATEMENT

The trustees (who are also directors for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 4

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Approved by order of the members of the board of Trustees on 29 September 2021 and signed on their behalf by:

Dr Olushola Adeaga Trustee

Page 5

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE OF JESUS HOUSE FOR ALL NATIONS

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF JESUS HOUSE

Opinion

We have audited the financial statements of Jesus House for All Nations (the ‘parent charitable company’) and its subsidiary (the 'group') for the year ended 31 December 2020 which comprise the Consolidated Statement of Financial Activites, the consolidated and parent charity balance sheet, the consolidated and parent charity statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit 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

In auditing 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 group’s or parent charitable company’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 other information comprises the information included in the trustees annual report[6] , other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report[6] . Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 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 course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

Page 6

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE OF JESUS HOUSE FOR ALL NATIONS

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they 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 groups and parent charitable company’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 group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit 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 on the basis of 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 extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 7

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE OF JESUS HOUSE FOR ALL NATIONS

Because of the inherent limitations of an audit, 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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidancefor-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s 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 charitable company and the charitable company’s as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Geoff Frost (Senior statutory auditor)

for and on behalf of

Blue Spire Limited

Cawley Priory

South Pallant

Chichester

West Sussex

PO19 1SY

29 September 2021

Page 8

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Note
INCOME AND ENDOWMENTS
FROM:
Donations and legacies
3
Charitable activities
4
Incoming resources from trading
activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Raising funds
Charitable activities
8
Total expenditure
Net income/(expenditure) before
taxation
Taxation
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2020
£
4,036,163
241,856
19,145
11
114,510
4,411,685
35,106
4,036,393
4,071,499
340,186
(19,335)
320,851
356,393
320,851
677,244		 Restricted
funds
2020
£
-
-
-
-
-
-
-
1,454
1,454
(1,454)
-
(1,454)
2,121,189
(1,454)
2,119,735		 Total
funds
2020
£
4,036,163
241,856
19,145
11
114,510
4,411,685
35,106
4,037,847
4,072,953
338,732
(19,335)
319,397
2,477,582
319,397
2,796,979		 Total
funds
2019
£
4,720,787
125,348
107,964
315
-
4,954,414
147,790
4,902,366
5,050,156
(95,742)
(21,698)
(117,440)
2,595,022
(117,440)
2,477,582

None of the charity’s other activities were acquired or discontinued during the above two financial periods.

The group has no recognised gains or losses other than those dealt with in the statement of financial activities.

The notes on pages 16 to 42 form part of these financial statements.

Page 9

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee) REGISTERED NUMBER: 4047907

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2020

Note
Fixed assets
Tangible assets
16
Investment property
17
Fixed Assets
Current assets
Stocks
19
Debtors
20
Cash at bank and in hand
Current Assets
Creditors: amounts falling due within one
year
21
Net current assets / liabilites
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
23
Unrestricted funds
23
Total funds		 2020
£
30,848
705,695
575,153
1,311,696
(1,294,900)		 2020
£
130,183
2,650,000
2,780,183
16,796
2,796,979
2,796,979
2,796,979
2,119,735
677,244
2,796,979		 2019
£
25,435
715,311
141,549
882,295
(1,133,997)		 2019
£
79,284
2,650,000
2,729,284
(251,702)
2,477,582
2,477,582
2,477,582
2,121,189
356,393
2,477,582

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 29 September 2021 and signed on their behalf by:

Page 10

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee) REGISTERED NUMBER: 4047907

CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2020

................................................

Dr Olushola Adeaga

(Trustee)

The notes on pages 16 to 42 form part of these financial statements.

Page 11

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee) REGISTERED NUMBER: 4047907

CHARITY BALANCE SHEET AS AT 31 DECEMBER 2020

Note
Fixed assets
Tangible assets
16
Investments
18
Investment property
17
Fixed Assets
Current assets
Debtors
20
Cash at bank and in hand
Current Assets
Creditors: amounts falling due within one
year
21
Net current assets / liabilites
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
23
Unrestricted funds
23
Total funds		 2020
£
859,577
574,515
1,434,092
(1,286,859)		 2020
£
130,183
1
2,650,000
2,780,184
147,233
2,927,417
2,927,417
2,927,417
2,119,735
807,682
2,927,417		 2019
£
848,937
136,727
985,664
(1,122,890)		 2019
£
79,284
1
2,650,000
2,729,285
(137,226)
2,592,059
2,592,059
2,592,059
2,121,189
470,870
2,592,059

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 29 September 2021 and signed on their behalf by:

................................................

Dr Olushola Adeaga (Trustee)

Page 12

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee) REGISTERED NUMBER: 4047907

CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2020

The notes on pages 16 to 42 form part of these financial statements.

Page 13

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Cash flows from operating activities
Net cash used in operating activities
Interest receivable
Depreciation and impairment of tangible fixed assets
Decrease or (increase) in debtors
Increase or (decrease) in creditors
Decrease/(increase) in stock
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 16 to 42 form part of these financial statements		 2020
£
315,394
(11)
42,910
13,619
160,903
(5,413)
11
(93,809)
(93,798)
433,604
141,549
575,153		 2019
£
(117,440)
(315)
25,822
121,097
(126,436)
5,613
315
(8,268)
(7,953)
(99,612)
241,161
141,549

Page 14

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

Cash flows from operating activities
Net cash used in operating activities
Interest receivable
Depreciation and impairment of tangible fixed assets
Decrease or (increase) in debtors
Increase or (decrease) in creditors
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2020
£
335,358
(11)
42,910
(10,640)
163,969
11
(93,809)
(93,798)
437,788
136,727
574,515		 2019
£
(77,614)
(315)
25,822
91,929
(126,595)
315
(8,268)
(7,953)
(94,726)
231,453
136,727

The notes on pages 16 to 42 form part of these financial statements

Page 15

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. General information

Jesus House is an incorporated charity, limited by guarantee, incorporated in England with the company number 4047907. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information page of these financial statements. The nature of the charity’s operations and principal activities are outlined in the trustees' report.

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) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.2 Consolidation

The results of the charity's wholly owned subsidiary (New Dimensions Trading Limited) are consolidated on a line by line basis with any intragroup balances and transactions eliminated in full. Jesus House owns 100% of the ordinary share capital of the subsidiary who shares the same registered office.

The charity and its subsidiary have a uniform reporting date and reporting period. Where necessary, appropriate adjustments are made to the subsidiary's financial statements for differences in accounting policies as part of the consolidation process.

The charity has taken advantage of the concession which allows it to publish only a consolidated statement of financial activities rather than one for the charity alone. The charity had total income of £4,392,540 (2019: £4,846,451), total expenditure of £4,055,728 (2019: £4,924,065) and a surplus of £336,812 (2019 deficit: £77,614) for the year under review.

2.3 Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Income from trading activities includes income generated by the charity's trading subsidiary. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

Page 17

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.4 Expenditure

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support cost allocation:

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.

Governance costs:

Governance costs comprise the costs associated with the governance arrangements of the charity and include audit fees, legal advice (if any) for trustees, costs associated with constitutional and statutory requirements and any costs associated with the strategic as opposed to the day to day management of the charity’s assets.

All expenditure is inclusive of irrecoverable VAT.

2.5 Operating Leases

Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992.

Page 18

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

Tangible fixed assets, with an individual purchase price of £2,000 or more, are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA.

Fixed asset investments comprise a property held on long lease which is stated at the trustees’ estimate of market value.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Motor vehicles - 25% Straight Line
Fixtures and fittings - 20% Reducing Balance
Office equipment - 25% Reducing Balance

2.8 Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.11 Debtors

Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Page 19

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.12 Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.13 Liabilities and provisions

Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated Statement of Financial Activities as a finance cost.

2.14 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.15 Pensions

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

2.16 Fund accounting

General funds are unrestricted 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 raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements..

Investment income, gains and losses are allocated to the appropriate fund.

Page 20

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2. Accounting policies (continued)

2.17 Going Concern

The consolidated financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

3. Income from donations and legacies

Donations and Legacies
Tithes
Offering
Thanksgiving
Gift Aid
Vision/Special Offering
Araunah Grant - Stewardship
Building Donations
French Church Income
Contribution towards Guest Ministers' Honoria
Colindale Food Bank Donations
Esthers' Income
Pursuit of God Income
RUIC Income
Other Ministry Income
Kidz First Ministry - Income
Christmas Lunch on Jesus
Subtotal detailed disclosure
Total 2020		 Unrestricted
funds
2020
£
2,441,609
605,328
131,192
539,954
21,723
150,000
789
5,427
17,218
41,322
425
27,903
166
29,426
847
22,834
4,036,163
-
4,036,163		 Total
funds
2020
£
2,441,609
605,328
131,192
539,954
21,723
150,000
789
5,427
17,218
41,322
425
27,903
166
29,426
847
22,834
4,036,163
-
4,036,163

Page 21

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3. Income from donations and legacies (continued)

Donations and Legacies
Tithes
Offering
Thanksgiving
Gift Aid
Vision/Special Offering
Building Donations
French Church Income
Contribution towards Guest Ministers' Honoraria
Colindale Foodbank Donations
Esthers' Income
RUIC Income
Other Ministry Income
Special Projects
Christmas Lunch on Jesus
TM 4:12 Ministry Income
Subtotal detailed disclosure
Total 2019		 Unrestricted
funds
2019
£
2,414,119
753,602
159,990
703,034
368,064
1,342
31,109
56,846
3,260
7,774
1,597
124,457
58,852
35,377
1,364
4,720,787
-
4,720,787		 Total
funds
2019
£
2,414,119
753,602
159,990
703,034
368,064
1,342
31,109
56,846
3,260
7,774
1,597
124,457
58,852
35,377
1,364
4,720,787
-
4,720,787

Page 22

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. Incoming Resources from Charitable Activities

Charitable Activities
Uncommon Woman Conference - Other Income
Colindale Food Bank Grants
Christmas Lunch on Jesus - Franchise
Mandate Income - Donations
Welfare/Araunah Funds
Tightknots Income
Global Hands - Donations
UK Prayer Shield Income
Total 2020
Charitable Activities
Mandate Income - Donations
Uncommon Woman Conference - Other Income
Welfare/Araunah Funds
Tightknots Income
Global Hands - Donations
Total 2019		 Unrestricted
funds
2020
£
3,115
27,607
76,016
11,097
95,362
9,894
6,833
11,932
241,856
Unrestricted
funds
2019
£
37,181
19,215
43,977
19,045
5,930
125,348		 Total
funds
2020
£
3,115
27,607
76,016
11,097
95,362
9,894
6,833
11,932
241,856
Total
funds
2019
£
37,181
19,215
43,977
19,045
5,930
125,348

Page 23

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

5. Income from other trading activities

Income from non charitable trading activities

Other trading activities
Other trading activities
6.
Investment income

Bank Interest
Bank Interest		 Unrestricted
funds
2020
£
19,145
Unrestricted
funds
2019
£
107,964
Unrestricted
funds
2020
£
11
Unrestricted
funds
2019
£
315		 Total
funds
2020
£
19,145
Total
funds
2019
£
107,964
Total
funds
2020
£
11
Total
funds
2019
£
315

Page 24

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. Other Income

Unrestricted Total
funds funds
2020 2020
£ £
Job Retention Scheme 114,510 114,510

Page 25

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Expenditure on Charitable Activities

Expenditure on Charitable Activities
Pursuit of God Expenditure
Guest Ministers Hospitality/Travel Expenses
Guest Ministers Honorarium
Professional Subscriptions
Special Events - Watchnight Service
Pastoral Care Expenses
Kingdom Treasurers Expenses
Carol Service Expenses
UK Prayer Shield Expenses
Community Action Expenses
Charitable Grants (See Note 9)
Christmas Lunch on Jesus Expenses
Women's Ministry Expenses
French Church Expenses
Global Hands Expenses
Hospitality Expenses
Kidz First Ministry Expenses
Marketing and Communications Expenses
Mandate Expenses
Men's Ministry Expenses
Wages and Salaries - Ministry Staff
Other Event Expenses
Other Ministry Expenses
Prison Ministry Expenses
Personal and Spiritual Development
Tightknots Marriage Ministry Expenses
Welfare Expenses
Youth Ministry Expenses
Multimedia Expenses
Music Ministry Expenses
Support Costs (Note 8)
Total 2020		 Unrestricted
funds
2020
£
1,575
496
38,699
4,749
30,995
1,468
1,050
7,029
9,623
51,655
404,538
101,715
17,546
(458)
81,917
4,196
936
17,905
9,594
955
1,035,392
3,565
33,022
366
11,265
6,049
78,316
34
38,775
7,338
2,036,088
4,036,393		 Restricted
funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,454
1,454		 Total
funds
2020
£
1,575
496
38,699
4,749
30,995
1,468
1,050
7,029
9,623
51,655
404,538
101,715
17,546
(458)
81,917
4,196
936
17,905
9,594
955
1,035,392
3,565
33,022
366
11,265
6,049
78,316
34
38,775
7,338
2,037,542
4,037,847

Page 26

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Expenditure on Charitable Activities
Pursuit of God Expenditure
Guest Ministers Hospitality/Travel Expenses
Guest Ministers Honorarium
Professional Subscriptions
Special Events - Watchnight Service
Other Charitable Expenses
Pastoral Care Expenses
Kingdom Treasurers Expenses
Carol Service Expenses
Community Action Expenses
Charitable Grants (See Note 10)
Christmas Lunch on Jesus Expenses
Women's Ministry Expenses
French Church Expenses
Global Hands Expenses
Hospitality Expenses
Information and Technology Expenses
Kidz First Ministry Expenses
Marketing and Communication Expenses
Ministries Department Expenses
Mandate Expenses
Men's Ministry Expenses
Wages and Salaries - Ministry Staff
Other Event Expenses
Other Ministry Expenses
Prison Ministry Expenses
Personal and Spiritual Development
Tightknots Marriage Ministry Expenses
Ushering Expenses
Welfare Expenses
Youth Ministry Expenses
Multimedia Expenses
Music Ministry Expenses
Support Costs (See Note 9)
Total 2019		 Unrestricted
funds
2019
£
32,150
9,708
107,776
8,022
61,505
1,534
9,506
4,308
18,794
114,200
428,246
84,678
78,919
17,606
83,374
21,757
2,879
25,964
31,761
4,789
39,445
2,118
1,125,980
46,009
23,881
4,854
21,003
22,284
1,712
29,209
9,826
11,966
11,578
2,403,207
4,900,548		 Restricted
funds
2019
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,818
1,818		 Total
funds
2019
£
32,150
9,708
107,776
8,022
61,505
1,534
9,506
4,308
18,794
114,200
428,246
84,678
78,919
17,606
83,374
21,757
2,879
25,964
31,761
4,789
39,445
2,118
1,125,980
46,009
23,881
4,854
21,003
22,284
1,712
29,209
9,826
11,966
11,578
2,405,025
4,902,366

Page 27

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9. Support Costs

Support Costs
Rent Expenses
Equipment Hire
Heat, Light and Water
Telephone
Design and Printing Expenses
Professional Fees and Services
Insurance
Bank Charges and Interest
Training Costs
Ministry Travel
Audit Fees
Staff Expenses
Contractors Fees and Services
Church Office Expenses
Depreciation
Facilities Expenses
Human Resources Expenses
Information and Technology Expenses
Member Services Expenses
Operations Office Expenses
Other Support Costs
Personal and Spiritual Development
Wages and Salaries - Administrative Staff
Total 2020		 Unrestricted
funds
2020
£
183,718
5,418
64,804
40,937
1,750
9,360
58,113
40,455
9,099
10,863
11,700
1,922
85,921
21,623
41,456
244,021
6,579
107,198
5,747
173
13,385
9,158
1,062,688
2,036,088		 Restricted
funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,454
-
-
-
-
-
-
-
-
1,454		 Total
funds
2020
£
183,718
5,418
64,804
40,937
1,750
9,360
58,113
40,455
9,099
10,863
11,700
1,922
85,921
21,623
42,910
244,021
6,579
107,198
5,747
173
13,385
9,158
1,062,688
2,037,542

Page 28

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Support Costs
Rent Expenses
Equipment Hire
Heat, Light and Water
Telephone
Design and Printing Expenses
Professional Fees and Services
Insurance
Trustee Expenses
Bank Charges and Interest
Training Costs
Ministry Travel
Audit Fees
Contractor's Fees and Services
Church Office Expenses
Depreciation
Equipment Maintenance
Facilities Expenses
Human Resources Expenses
Information and Technology Expenses
Member Services Expenses
Office Expenses
Operations Office Expenses
Other Support Costs
Personal and Spiritual Development
Wages and Salaries - Administrative Staff
Multimedia Expenses
Total 2019		 Unrestricted
funds
2019
£
289,652
4,138
63,521
70,409
6,550
12,875
50,626
632
41,554
24,687
67,669
11,700
59,175
20,960
24,004
5,495
595,070
4,377
75,416
2,381
25,550
1,692
45,134
14,304
877,634
8,002
2,403,207		 Restricted
funds
2019
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,818
-
-
-
-
-
-
-
-
-
-
-
1,818		 Total
funds
2019
£
289,652
4,138
63,521
70,409
6,550
12,875
50,626
632
41,554
24,687
67,669
11,700
59,175
20,960
25,822
5,495
595,070
4,377
75,416
2,381
25,550
1,692
45,134
14,304
877,634
8,002
2,405,025

Page 29

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. Charitable Grants

Charitable Grants
World Evangelism Mission Grants
RCCG Central Office
UK Grants
RCCG Builder's House
RCCG Church Plants
Hope UK
Non UK Grants
Good Shepherd Home
Jesus House Vienna
Total 2020
Charitable Grants
World Evangelism Mission Grants
RCCG Central Office
RCCG Builder's House
Glory Days Assembly
Hope UK
RCCG Headquarters - Congress
Samaritan's Purse
Good Shepherd Home
Jesus House Vienna
Other Grants
Total 2019		 Unrestricted
funds
2020
£
327,688
30,000
-
18,000
12,500
2,500
-
4,400
9,450
404,538
Unrestricted
funds
2019
£
345,136
30,000
18,000
1,975
2,500
8,500
1,000
4,000
16,200
935
428,246		 Total
funds
2020
£
327,688
30,000
-
18,000
12,500
2,500
-
4,400
9,450
404,538
Total
funds
2019
£
345,136
30,000
18,000
1,975
2,500
8,500
1,000
4,000
16,200
935
428,246

Page 30

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

11. Analysis of expenditure by activities

Expenditure
Expenditure		 Activities
undertaken
directly
2020
£
2,000,305
Activities
undertaken
directly
2019
£
2,406,753		 Support
costs
2020
£
2,037,542
Support
costs
2019
£
2,495,613		 Total
funds
2020
£
4,037,847
Total
funds
2019
£
4,902,366

12. Auditors' remuneration

2020 2019
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 11,700 11,700

13. Staff costs

Staff Costs
Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes
Total Staff Costs		 Group
2020
£
1,851,325
169,515
77,240
2,098,080		 Group
2019
£
1,764,294
161,284
76,828
2,002,406		 Charity
2020
£
1,851,325
169,515
77,240
2,098,080		 Charity
2019
£
1,764,294
161,284
76,828
2,002,406

Page 31

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. Staff costs (continued)

The average number of persons employed by the Charity during the year was as follows:

Group Group Charity Charity
2020 2019 2020 2019
Average Head Count 85 74 85 74

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2020 2019
Higher paid staff - number of staff receiving employee benefits,
excluding pension, between:
In the band £60,001 - £70,000 1 1
In the band £70,001 - £80,000 - 1
In the band £100,001 - £110,000 1 1
In the band £120,001 - £130,000 1 1

During the year under review the charity's trustees and key management personnel received employee benefits totalling £238,136 (2019: £248,932) consisting of salary of £199,136 (2019: £208,584), employer's national insurance contributions of £25,061 (2019: £26,195) and pension benefits of £13,940 (2019: £14,154). At the balance sheet date £94,200 (2019: £104,000) was receivable from the key management personnel in respect of staff loans.

The wife of a member of the charity's key management personnel received employee benefits of £63,421 (2019: £67,401) made up of salary £53,500 (2019: £57,029), national insurance contributions of £6,176 (2019: £6,686) and pension contributions £3,745 (2019: £3,686).

14. Trustees' remuneration and expenses

No trustees, other than Dr Adeaga, were remunerated. Under clause 5.2 of the Memorandum of Association of the company, and as approved by the Charity Commission.

2020 2019
£ £
Dr Olushola Adeaga Remuneration 90,952 95,894
Pension contributions paid 6,367 6,530
National insurance
contributions 11,339 11,827

Page 32

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

14. Trustees' remuneration and expenses (continued)

No expenses were reimbursed to trustees during the period, nor in the previous financial year. During the year under review £0 (2019: £632) was paid by the charity in respect of trustee meeting expenses.

During the year the charity operated a defined contribution pension scheme. Contributions payable to the scheme by the charity totalled £77,240 (2019: £76,828).

15. Taxation

Corporation tax
Current tax on net income/(expenditure) for the year
Taxation on net income/(expenditure)		 2020
£
19,335
19,335		 2019
£
21,698
21,698

There were no factors that affected the tax charge for the year which has been calculated on net income/(expenditure) at the standard rate of corporation tax in the UK of 19% (2019 - 19%).

Page 33

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

16. Tangible fixed assets

Group and Charity

Cost or valuation
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Motor
vehicles
£
172,062
-
172,062
172,062
-
172,062
-
-		 Fixtures and
fittings
£
258,348
-
258,348
251,078
1,454
252,532
5,816
7,270		 Church and
Office
equipment
£
814,523
93,809
908,332
742,509
41,456
783,965
124,367
72,014		 Total
£
1,244,933
93,809
1,338,742
1,165,649
42,910
1,208,559
130,183
79,284
17.
Investment property
Group
Valuation
At 1 January 2020
At 31 December 2020		 Long term
leasehold
investment
property
£
2,650,000
2,650,000

Page 34

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

17. Investment property (continued)

Charity

Valuation
At 1 January 2020
At 31 December 2020		 Long term
leasehold
investment
property
£
2,650,000
2,650,000

The property was valued as at 31 December 2018 at current market value by WAB & Associates , chartered surveyors.

18. Fixed asset investments

Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity number place of business New Dimensions Trading 07479350 112 Brent Terrace, Brent Cross, Sale of books, Limited London, NW2 1LT compact discs & tapes, the provision of food & refreshments and hire of event space.

Class of Holding Included in shares consolidation Ordinary 100% Yes

The financial results of the subsidiary for the year were:

Page 35

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

18.
Fixed asset investments (continued)
Name
New Dimensions Trading Limited
Net assets
£
(130,437)
19.
Stocks
Finished goods and goods for resale
20.
Debtors
Group
2020
£
Due within one year
Trade debtors
7,727
Amounts owed by group undertakings
-
Other debtors
243,985
Prepayments and accrued income
453,983
705,695
21.
Creditors: Amounts falling due within one year
Group
2020
£
Creditors
Trade creditors
292,000		 Income
£
Expenditure
£
Profit/(Loss)
/ Surplus/
(Deficit) for
the year
£
19,145
35,106
(15,961)
Group
Group
2020
2019
£
£
30,848
25,435
Group
Charity
Charity
2019
2020
2019
£
£
£
2,727
-
-
-
169,087
142,365
271,971
240,510
265,959
440,613
449,980
440,613
715,311
859,577
848,937
Group
Charity
Charity
2019
2020
2019
£
£
£
179,769
290,894
176,111		 Income
£
Expenditure
£
Profit/(Loss)
/ Surplus/
(Deficit) for
the year
£
19,145
35,106
(15,961)
Group
Group
2020
2019
£
£
30,848
25,435
Group
Charity
Charity
2019
2020
2019
£
£
£
2,727
-
-
-
169,087
142,365
271,971
240,510
265,959
440,613
449,980
440,613
715,311
859,577
848,937
Group
Charity
Charity
2019
2020
2019
£
£
£
179,769
290,894
176,111
Charity
2019
£
-
142,365
265,959
440,613
848,937
Charity
2019
£
176,111

Page 36

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

21. Creditors: Amounts falling due within one year (continued)

Other taxation and social security
Other creditors
Accruals and deferred income
Creditors
Financial instruments
Financial Assets
Measured at fair value through net
income/(expenditure): Fixed Assets
Investments
Investment in Subsidiary
Debt instruments measured at amortised cost:
Trade Debtors
Financial liabilities
Measured at amortised cost: Trade Creditors		 Group
2020
£
68,073
368,233
566,594
1,294,900
Group
2020
£
2,650,000
-
7,727
2,657,727
Group
2020
£
291,998		 Group
2019
£
103,555
339,051
511,622
1,133,997
Group
2019
£
2,650,000
-
2,727
2,652,727
Group
2019
£
179,769		 Charity
2020
£
68,073
364,930
562,962
1,286,859
Charity
2020
£
2,650,000
1
-
2,650,001
Charity
2020
£
290,894		 Charity
2019
£
103,555
331,602
511,622
1,122,890
Charity
2019
£
2,650,000
1
-
2,650,001
Charity
2019
£
176,111

22. Financial instruments

Page 37

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Subsidiary Undertaking
Restricted funds
Building Funds
India Funds
Uganda Funds
Total of funds		 Balance at 1
January
2020
£
470,870
(114,477)
356,393
Balance at 1
January
2020
£
2,081,589
32,235
7,365
2,121,189
2,477,582		 Income
£
4,392,540
19,145
4,411,685
Income
£
-
-
-
-
4,411,685		 Expenditure
£
(4,055,728)
(35,106)
(4,090,834)
Expenditure
£
(1,454)
-
-
(1,454)
(4,092,288)		 Balance at
31
December
2020
£
807,682
(130,438)
677,244
Balance at
31
December
2020
£
2,080,135
32,235
7,365
2,119,735
2,796,979

Page 38

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

23. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Subsidiary Undertaking
Restricted funds
Building Funds
India Funds
Uganda Funds
Total of funds		 Balance at
1 January
2019
£
546,666
(74,651)
472,015
Balance at
1 January
2019
£
2,083,407
32,235
7,365
2,123,007
2,595,022		 Income
£
4,846,450
107,964
4,954,414
Income
£
-
-
-
-
-		 Expenditure
£
(4,922,246)
(147,790)
(5,070,036)
Expenditure
£
(1,818)
-
-
(1,818)
(5,071,854)		 Balance at
31
December
2019
£
470,870
(114,477)
356,393
Balance at
31
December
2019
£
2,081,589
32,235
7,365
2,121,189
2,477,582

Page 39

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

24. Restricted funds:

India fund:

The India fund was established in order to relieve poverty in India and may only be used for this purpose

Uganda fund:

The Uganda fund was established in order to relieve poverty in Uganda and may only be used for this purpose

Building fund:

The Building fund was established as the result of fund-raising activities aimed at the acquisition and refurbishment or new premises for the charity and may only be used for this purpose

Guest Ministers' Honoraria:

The guest ministers' honorarium fund was established following the receipt of donations from the congregation towards the cost of honorarium for guest ministers

Expansion fund:

The expansion fund was established following the receipt of donations from the congregation towards the cost of the expansion of the Brent Cross building

Church Social Responsibility (CSR) fund

The CSR fund was established following the receipt of donations from the congregation towards the cost of CSR projects and initiatives.

Manna project fund:

The Manna project fund was established following the receipt of donations from the congregation towards the cost of the project

25. Summary of funds

Summary of funds - current year

General funds
Restricted funds		 Balance at 1
January
2020
£
356,393
2,121,189
2,477,582		 Income
£
4,411,685
-
4,411,685		 Expenditure
£
(4,090,834)
(1,454)
(4,092,288)		 Balance at
31
December
2020
£
677,244
2,119,735
2,796,979

Page 40

JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

25. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1 January
2019
£
472,015
2,123,007
2,595,022		 Income
£
4,954,414
-
4,954,414		 Expenditure
£
(5,070,036)
(1,818)
(5,071,854)		 Balance at
31
December
2019
£
356,393
2,121,189
2,477,582

26. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
2020
£
Tangible fixed assets
130,183
Investment property
569,865
Current assets
1,272,096
Creditors due within one year
(1,294,900)
Total
677,244
Analysis of net assets between funds - prior period
Unrestricted
funds
2019
£
Tangible fixed assets
79,284
Investment property
568,411
Current assets
842,696
Creditors due within one year
(1,133,998)
Total
356,393		 Restricted
funds
2020
£
-
2,080,135
39,600
-
2,119,735
Restricted
funds
2019
£
-
2,081,589
39,600
-
2,121,189		 Total
funds
2020
£
130,183
2,650,000
1,311,696
(1,294,900)
2,796,979
Total
funds
2019
£
79,284
2,650,000
882,296
(1,133,998)
2,477,582

Page 41

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

27. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the period (as per
Statement of Financial Activities)
Adjustments for:
Net cash provided by/(used in) operating
activities
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Analysis of changes in net debt
Cash at bank and in hand		 Group
2020
£
319,397
319,397
Group
2020
£
575,153
575,153		 Group
2019
£
(117,440)
(117,440)
Group
2019
£
141,549
141,549
At 1
January
2020
£
141,549
141,549		 Charity
2020
£
335,358
335,358
Charity
2020
£
574,515
574,515
Cash flows
£
433,604
433,604		 Charity
2019
£
(77,614)
(77,614)
Charity
2019
£
136,727
136,727
At 31
December
2020
£
575,153
575,153

28. Analysis of cash and cash equivalents

29. Analysis of changes in net debt

30. Related Parties

At the balance sheet date Jesus House was owed £169,087 by New Dimensions Trading Limited (2019: £142,365).

31. Pension commitments

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Page 42