Registered Dumber.. 4047907 Charity numb&r'. 1088614 JESUS HOUSE FOR ALL NATIONS IA Company Limited by Guarantee) TRUSTEES. REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trust¢es' Rèport Indopondont Auditors, Rgport on th8 Financial Statements Consolidatèd Ststomènt of Flnan¢lal A¢tlvitlo8 10 Consolidatèd Balancè Shoot 11- 12 Charity 8alance Sh￿t Consolldatèd Statomont of Cash Flows 13-14 Charity Statgm8nt of Cash Flows Notes to the Flnanclal Statsments 17-45 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees and Key Managemtrnt P•rsonno1 Dr OIu3hola Adeaga, TnJ3tee. Chief Operating Officer and Executive Pastor Mr Nims Obunge, Trustee Mr Olubunmi Toyobo. Trustee Mrs Alero Ayida-otobo, Trustee Company r8gSst•rgd number 4047907 Charlty Règlstèrnd NuM￿r 1088614 Rggl$tsrgd 0ffi¢g 112 Brent Terrace Brent Cross London London NW21LT Company Secrntary Samuel Sijuwade Chief Executive Officer Pastor Agu Irukwu and Sènior Pastor Independent Audltors Blue Spire Limiled ca￿eY Priory South Pallant Chichester Wesl Sussex P019 ISY Bank8rs Lloyds Bank 50 Notting Hill Gate London W11 3JD Barclays Bank PLC P O Box 4599 London SW3 1XE Sollcltors Wellers Law Group Tenison House T￿￿edY Road Bromley Kent BR1 3NF Page 1 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees, who are also Directors for the purpose of Company Law, are pleased to present the annual report for the purpcises of Charities Act 2011 and sects'ons 415 to 419 of the Companies Act 2006, together wth the accounts for the period ended, 31st December 2021. The Trustees have adopted the updated provisions of the Statement of Recommended Practice ISORPI °Accounting and Reporting by Charities. IFRS 1021, in preparing the annual report and financial stslements of the Charity. STRUCTURE GOVERNANCE AND MANAGEMENT Jesus House for all Nations Ireferred lo as the organisab.on or the charity hereafter) is a chantable company limited by guarantee, incorporated on 4th August 2000 and registered a5 a charity on 27th September 2001. 11 has a non-charitsble subsidiary company. New Dimensions Trading Limited. 11 1$ govemed by its Memorandum and Art￿e8 of Association and is managed by the Board of Tru$lee$. Decisions are made by a simple majority vote by the Trustees vtho set the strategic directs'on of the Charity. Trustees are selected based on the contribub.ons they will make to the govemance of the organisalion, and the Skills they possess. They are provided wth copies of the Charity Commission's Guidance. Additional information and training are also provide(J as at vA)en 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. The remuneration of the ¢hanty's key management personnel is reviewed and sel annually by the Iruslees. The follob*ing guiding principles are used in delemining the appropnate level. Transparency, Appropnaleness and benchmarking against extemal comparators., Expertise and experience.. and Competitive recruilmenl and lalenl retention. OBJECTIVES AND ACTIMTIES The Charity's obiecliveg are.. "The advancement of the Christian rel￿10n wt)rlthw'de;" 'The relief of povety wodoknde.. These objectives are charitable and operate for the public's benefrt. The charity pursues these objecb'ves via ils mission slalemenl (ln Pursuit of God, Discovenng purpose, Maximising Polentsal and Impacting lives} from ils premises al 112 Brent Terrace, 8renl Cross. London. The Charity's main objective for the year was.. To continue to strenglhen its foundations and reposition the kjcal church for the future through the re- engineering project and technology which is aimed at improving organisatsonal and operational effeclivene5S and efficiency lo enable the charty lo maximise 115 Impact. In delemiining how best to pursue its objeclives the Trustees have had ward lo the Charrty Commission's guidance on public benefits. STRATEGIES The Charity's strategy for achieving the above obje¢bve is listed in some of the signfficanl activities listed below The annual flagship events and activits'es organised Iduring the yearl are in line with the charrtable objectives to promote the Christs'an faith and help the less privileged and disadvantaged wrthin the local and intemational communty which include.. The Mandate Men's Mini5ty Conference. bl The Christmas Lunch on Jesus, which is an annual community cenlered project that provides familieslpeople in need in the Borough ￿1th a Christmas Hamper. The Londrina Jesus House for all nations Communty Action Project in Brazbl which started in 2010 with Page 2 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 the Rehabilitation of ex-offenders at the state-run Londrina Prison Parana and the current renovation of a community centre. With over 650 volunteers. vkno support and make an invaluable conlribub.on to the operaliony of the Charity, some of the key teams include- Youth Teams Prison's Ministry Kidz First Ministry (Children's Chufchl Tribe of Judah (The Music Ministry) Community Action Teams Prayer Teams Church S¢xial Responsits'lty Teams Welfare Teams Men's Ministry Women's Ministry Francophonie (Frenehl Church Information Technology Tighlknols (The Marriage Minislryl ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT The year 2021 like 2020. was like no other in recent history wlh the continued experience of a global pandemic ICovid-191. A very challenging and difficult year for most people. yet the eharty found new innovative ways of discharging rts objectives. services and hosling events. The Charity, through its teams mentioned above, organised ath'vities, events and meetings to promote its objedives. The Charity continued lo provide invaluable financial and adminislralive support to the Festival of Life prayer event held bi-annually In London and in other regions In the Unrted Kingdom. The Charity continues lo provide subslanlial financial support lo other charilieg (locally, nationally and inlemalionallyl operating wlhin ils objectives e$￿Ialty during the global pandemic. Furthermore, the financial allocation for each year is approved by the Board of Trustees, sthile the disbursement to various charities is approved by the Management Team. The Charity continues to impact lives across the globe and 1$ now partnering with the Londrina State Penitentiary in Brazil, lo help ehange the INes of many of its inmates. As the world continued lo grapple vth the corona￿￿$ (COVI[￿19) OUtb￿ak, the Charty continued wlh one of its projects that was set-up in 2020 known as the Araunah Response Team IARTI. This is an initiative lo meet the needs of the most vulnerable in our community - especially those wth no recourse to statutory and regular provisions. It provided practical and finanual assistance to members and the local community who are finding il difficult to make ends meet during this period of a global pandemic. The Colindale Food Bank Ipart of The Trussell Trusll. a food distribution seryice ¢ontinued to experien¢e sharp in¢￿aSe for ils services for those in neeil within the Borough. It operates out of our premises al Brent Terrace and with local and nabonal donations. rt was able lo meet Ihe needs of most of the people that required that service and support. The charity continued lo use what is known as the Stewardship Funds - fvnding from a group of UK based Christian philanthropists bvho came together lo offer financial as5151ance to Christian organisalion5 in an attempt lo combat the effect and iwnpact of the global pandemic ICowd-191. This funding enabled the Charity lo continue lo provide its members and members of the publi¢ wrth assistsnce in the following areas. Domestic Violence, Free Counsdling Service, Global Covid Response, Employment Training, Debt Relief, to mention a few. Monthly sponsorship of the Good Shepherd Homes in India. Monthly grant to Buikler's House CToydon, UK The organisab.on raised ftjnds towards The St Vincent and Grenadine Volcano re.. Emergency Relief Fund in May 2021 The or9anisab.on raised funds for charities such as Open Door UK in January 2021 Page 3 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 During this unprecedented and challenging year Ithere millions of people experienced financial hardship nationally and globally, the organisation hosted a series of financial seminars (such as 'lnvestment wrth Youth,, 'Thriving in a post covid wortd,, elcl to empower ts members and all attendees in January and March 2021. This was organised by the Kingdom Treasurers, Team. The organisalion held one of its flagship events. The Uncommon Woman Conference IUWCI between the 25th - 27th March 2021 wth the theme." "AUDACIOUS. LIVING FEARLESS.. As it was a virtual event, it gave men the opportunity to attend vthat is typically an event for women. A great opportunity for seasoned speakers to motivate, impact and encourage women and men during a very challenging period in human history. The organi5alion also lake5 a keen interest in upholding family values by hosting events for married couples throughout the year such as The Marriage Week19th- 13th February 20211. Nourishing Marriage123rd October 20211, lo name a few. These events were lo enhance the maritsl relationship during a period where there was an increase in domesti¢ abuse and divorce. The obje¢tsve of the event is to 'see couples build Christ- centred marriages that wll last a lrfetime, be a light to the wodd and leave a legacy for future generations. A Call lo Serve IACTSI - Thi5 is usualty an annual summer event where volunteer5 from the organisation would normalty be serving our local community by doing gardening tasks in the homes of elderly, ill or other vulnerable residents. Considering the Impact of the global pandemic and the govemmenl reslriclions for Covid- 19, this was postponed this year. However, an online supplementary school IThe Acts Summer Academy) was Set up to help provide tutoring to vulnerable children tho may have fallen behind in their educats'on during the pandemic and lockdown. This took place from the 26th July to 2Cth August 2021. The organisation takes the welbbeing of f(s members and local community $eriou51y. Thus, a mIn￿serieS of mental health seminar (Mental Heatth Education Wellbeing Seminars MEWSI was hosted by the Counselling and the Healthcare Teams to deal with issues such as anxiety and depression lo name a few in August, September, O¢lober and November 2021. The organisation's Men's ministry conlinued to hold its monthty meets'ngs, where men are encouraged to grow in every area of their lives Ito name a lew.. in faith, family, finance. and to be good role.models in society elcl. 11 also hosted another flagship event for the men (The Mandate Men's Conference) with the theme.. 'The Spiritual Man. on the 25th September 2021. The conference Is dedicated lo celebrats.ng and developing men into men of influence vkno wll be the best husbands. fathers. and leaders God has called them lo be in loday'g complex world. The sessions challenged delegates lo grow spiritually. emolionalty. and practically. The workshops and teachings were specifically tailored to the needs and issues relevant to men. The event was also open lo women to attend as it was hosted virtually. The organisation continues one of rts renowned Christrnas activitie5 namely, Christmas Lunch on Je5US between the 20th - 22nd December 2021. This actm.ty is of immense benefits to the public both lecalty and nalionalty especialty during a global pandemic. The organisalion ended the year with a series of Christmas serwces such as the Christmas Carol. Christmas Day Service and the New Year Eve services. This is to share the good news of the gospel wth its local community. Due lo the continued global pandemic for a second year, the above events and activities were held via virtual platforms wlh the aid of technology. These In￿"ab"¥es have contributed and transformed lives resulting In an improved qualty of life. Other aclivrties and events (such as an outreach programme Called 'Angel Tree, where children of inmates are given Christmas p￿SentS. Ihe 'Spreading Christmas Cheer, outrea¢h vh)i¢h provided free hot drinks and mince pies to commuters at local tube stations etcl were postponed in accordance wth the govemment Covid-19 guidelines. RISK MANAGEMENT The Trustees have conducted a review of the major risks ￿lch the Charity is exposed to. A risk register has been created vthich 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 Identrfied. Insurance covers are in place and the finances of the Charity are kept under rewew. Where appropriate. systems have been Created to mitigate the risks the Charity fa¢es. A signifi¢ant exlemal risk to funding has led to the development of a strategic plan Ithich has alh)wed for the diversificats'on of funding and Page 4 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 activities. Intemal control risks are minimised by the implementats'on 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. FINANCIAL REVIEW At the balance sheet date the charity had free reserves, being unrestricted lunds not represented by fixed assets, amounting to £1,555,733. The trustees believe the charty should hold free reserves equivalent to 2 months of normal expenditure Nthich equates lo £670.000. FUND-RAISING STANDARDS INFORMATION The charity does not false fund$ from the general public. nor doe$ r( engage any third parties to do $0 on 11$ behalf. As such the charity does not subscribe to any voluntary schemes or standards in relation to fundraising. PLANS FOR FUTURE PERIODS The Charity ¢ontinue$ to explore ways of furthering ils Charitsble 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 ommunity. The Charity seeks to provide services and activities that meet the needs of people in the community. These activities provide a posibve change in the moral and spiritual dimate of the local borough which reflects the charity's Christian ethos and beliets. TRUSTEES RESPONSIBILITIES STATEMENT The Trustees, who are also Directors for the purpose of Company Law, are responsible for preparing the Trustees, Report and the Financial Slalemenls in accordance wth applicable law and United Kingdom Accounts'ng Standards Iunrted Kingdom Generally Accepted Accounting Pracli¢el. Company law ￿qUireS the directors to prepare financial statements for each financial year %thich gives a true and fair view of the situation of the company and of the profft or loss of the company for that period. In preparing the financial slatemenls, the directors are required to.. select 5uilable accounting policies and apply them con515lenlly. make judgements and eslimales that are ￿asonable and prudent. prepare the financial slalements ¢)n a regular basis. unless il is inappropriate lo presume that the company will continue in business. state whether applicable United Kingdom Accounting Standards have been followed, subject lo any material departures disdosed and explained in the financial statement5. observe the method5 and principle5 in the Charrties Statement of Recommended Practice ISORPI. The Trustees are responsible for keeping proper accounting records vthich discloses wpth ￿asonable accuracy at any time., the financial position of the company and rt also enables them to ensure that the financial statements comply with the Companies Act 2006. Furthemore, they are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregulanb"es. Thus far as the Trustees are aware.. There is no relevant audit infonnation of %thich the companys auditors are unaware of,. and The Trustees have taken the necessary steps to make themselves aware of any relevant audit information and have established that the audrtors are awdre of such infoTmab"on. The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial information induded on the charity's li.e., ￿ganiSa￿on'SI websrte. LegiSlatiC￿ in the United Kingdom governing the Page S JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 preparation and dissemination of financial statements may drffer from legislab'on in other jurisdictions. This report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006. Approved by order of the members of the board of Trustees and signed on their behaK by.. Dr Olushola Adeaga Director Dale.. 29 September 2022 Page 8 **JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF JESUS HOUSE FOR ALL NATIONS** ## **Opinion** We have audited the financial statements of Jesus House For All Nations and its subsidiary (the 'group') for the year ended 31 December 2021 which comprise the Consolidated Statement of Financial Activities, 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: - 31 December - 2021 expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. ## **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 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 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 and parent charitable inancial 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 report , other than the financial The trustees are responsible for the other information contained within the trustees report. 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. We have nothing to report in this regard. Page 7 **JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF JESUS HOUSE FOR ALL NATIONS** ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees' report (incorporating the the financial statements are prepared is consistent with the financial statements; and - the has been prepared in accordance with applicable legal requirements. ## **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 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: - adequate and sufficient accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or returns; or - we have not received all the information and explanations we require for our audit; or the trustees were not entitled to regime and emptions and from the requirement to prepare a strategic report. ## **Responsibilities of trustees** , 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 group and parent ch 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 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 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: - Enquiry of management, those charged with governance around actual and potential litigation and claims; - Enquiry of entity staff to identify any instances of non-compliance with laws and regulations; - Reviewing minutes of meetings of those charged with governance; Page 8 **JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee)** ## **INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF JESUS HOUSE FOR ALL NATIONS** - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; - Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and revieing accounting estimates for bias. 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 FRC's website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-ofthe-auditor%E2%80%99s-responsibilities-for. This . ## **Use of our report** This report is made solely to the Part 16 of the Companies Act 2006 and to the charitable company Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state members and its trustees those matters we are required to state to To the fullest extent permitted by law, we do not accept members as a body , for our audit work, for this report, or for the opinions we have formed Cawley Priory South Pallant Chichester Geoffrey Frost BSc(Hons) FCA (Senior Statutory Auditor) West Sussex For and on behalf of Blue Spire Limited, Statutory Auditor PO19 1SY Date Page 9 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2021 Unrostrictsd lunds 2021 Rèstrictsd funds 2021 Total funds 2021 Total funds 2020 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Charitable activ￿.eS Incoming resources from trading activities Investments Other income 4.614.132 217.691 4.614,132 217,691 4,036, 163 241,856 891 14 60.831 891 14 60,831 19, 145 11 114,570 Total Incom• 4,893,S59 4,893,559 4,411,685 Expgndlture on: Raising funds Charitable activ￿.e$ 28.510 3,953.683 28,510 3.954,847 35, 106 4,037,847 1.164 Total gxpgndlturg 3,982,193 1,164 3,983,357 4,072,953 Nét In¢omellgxp8ndSturg1 beforv taxation Taxation 911,366 {SO.2911 910,202 150,2911 338, 732 (19.3351 15 Ngt movement In funds 861.075 11,1641 859,911 319.397 Re¢on¢lllatlon of funds: Total funds brought forvrard Nel movement In funds 677,244 861.075 2,119.735 11.1641 2,796,979 859,911 2,477,582 319,397 Total funds carrl8d for*4ard 1,S38,319 2,118,571 3,656,890 2, 796,979 None of the charity's other ath'vities were acquired or disconb'nued during the above financial periods. The group ha3 no recognised gain5 or losses other than those dealt in the statement of financial activities. The notes on pages 17 to 45 fom part of these ffinancial ststements. Page 10 JESUS HOUSE FOR ALL NATIONS IA Company Limitèd by Guarantso} REGISTERED NUMBER: 4047907 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2021 2020 2020 Moto Fixed assets Tangible assets Investment propety 16 17 140,642 2,6SO,000 130. 783 2,650,000 Flxed Assèts Currènt assets 2.790,642 2, 780, 183 Sto¢k$ Debtors Cash al bank and in hand 19 20 30,848 725,813 924,957 30,848 T05.695 575. 753 Current Assets 1,681,618 1,311,696 Creditors.. amounts falling due within one year 21 1815,3701 (1.294.900) Ng1 currgnt a$$ets 866,248 16, 796 Total a•$ot• I￿$ ¢urr•nt Ilabilities 3.656,890 2, 796,979 Not ass8t8 8xcludlng ￿nsIOn a88•1 3,656,890 2, 796,979 Total not *ss•t8 3.656,890 2, 796,979 Charlty funds Reslricled funds Unrestricted funds 23 23 2.118,571 1.538,319 2, 119,735 677,244 Totsl funds 3.656,890 2, T96.979 Page 11 JESUS HOUSE FOR ALL NATIONS IA Company Limitèd by Guarantso} REGISTERED NUMBER: 4047907 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2021 The Trustees a¢knO￿edge their responsibiljb.es for ¢tKnplying with the requirements of the Act wrth respect lo a¢¢ounting records and preparation of financial ststements. The financial statements have been prepared in accordance the provisions applicable to entities subject to the small companies regime. The financial stslements w*re approved and aulhorise(I for issue by the Trustees and signed on their behalf by.. Dr Olushola Adeaga (Director) Date.. 29 September 2022 The notes on pages 17 to 45 fom part of these financial statements. Page 12 JESUS HOUSE FOR ALL NATIONS IA Company Limitèd by Guarantso} REGISTERED NUMBER: 4047907 CHARITY BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2021 2020 2020 Moto Fixed assets Tangible assets Investments Investment propety 16 18 17 140,642 130, 783 2.650,000 2,650,000 Flxed Assets Current a$$ets 2.790,643 2, 780. 184 Debtors Cash al bank and in hand 20 907,622 923,986 859.577 574.515 Current Assets 1,831,608 1,434,092 Creditors.. amounts falling due within one year 21 1807,3051 (1.286.859) Ng1 currgnt a$$ets 1,024,303 147,233 Total a•$ot• I￿$ ¢urr•nt Ilabilities 3.814,946 2,927,47 7 Not ass8t8 8xcludlng ￿nsIOn a88•1 3,814,946 2,927,417 Total not *ss•t8 3.814,946 2,927,47 7 Charlty funds Reslricled funds Unrestricted funds 23 23 2,118,571 1.696,375 2, 119,735 807,682 Totsl funds 3.814,946 2,927.417 Page 13 JESUS HOUSE FOR ALL NATIONS IA Company Limitèd by Guarantso} REGISTERED NUMBER: 4047907 CHARITY BALANCE SHEET ICONTINUEDI AS AT 31 DECEMBER 2021 The Trustees a¢knO￿edge their responsibiljb.es for ¢tKnplying with the requirements of the Act wrth respect lo a¢¢ounting records and preparation of financial ststements. The financial statements have been prepared in accordance the provisions applicable to entities subject to the small companies regime. The financial stslements w*re approved and aulhorise(I for issue by the Trustees and signed on their behalf by.. Dr Olu$hola Adeaga (Director) Date.. 29 September 2022 The notes on pages 17 to 45 fom part of these financial statements. Page 14 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash IlovM from oparnting activities Nel cash used in operating actsvilies 859.911 315.394 Interest receivable {141 (iij Depreciatson and imp3im)enl of tsngible ffiye(l assets 46,494 42.970 Decrease or lincreasel in debtors 120,1181 13,619 Increase or Idecreasel in creditors 1479,5301 160.903 Decreasellincreasel in stock (5,4731 Cash flows from Inveslng a¢tlvltlo8 Dividend5, interests and rents from investments Purchase of tsngible fixed assets 14 156,9531 (93,809) Not cash u8•d In Invéstlng actbvltlos IS6,9391 193,7981 Change In cash and ¢•sh •qulvalents In the ye•r Cash and cash equivalents al the beginning of the year 349,804 433.604 575.153 141,549 Cash and cash •qulvalents at th• of year 924,957 575, 153 The notes on pages 17 10 45 fom part of these financial ststemenls Page 15 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash IlovM from oparnting activities Nel cash used in operating actsvilies 887.529 335.358 Interest receivable {141 (iij Depreciatson and imp3im)enl of tsngible ffiye(l assets 46,494 42.970 Decrease or lincreasel in debtors 148,0451 (10,640J Increase or Idecreasel in creditors 1479,5551 163.969 Cash flovn from Inves￿n9 actlvltlos Dividends, interests and rents from inveslmenls Purchase of tangible fixed asset$ 14 156,9531 (93,8091 Not cash u$•d In Inv•stlng actlvltl68 IS6.9391 193.7981 Chango In caBh and cash •quSval•nts In the year Cash and cash equivalents al the beginning of the year 349.471 437.788 S74,515 136. 727 Cash and cash equivalonts at thfr of the year 923,986 574,515 The notes on pages 17 to 45 forni part of these financial $tstements Page 16 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 G•n•ral Infomiatlon Jesus House is an incorporated charity. limited by guarantee, incorporated in England with the company number 4047907. In the event of the charty being wound up, the liability in respect of the guarantee is limited lo £10 per member of the charity. The address of the registered office 15 given in the charity information page of these financial slalemenls. The nature of the charity's operations and principal activities are outlined in the trustees. ￿pOrt. Accountlng policies 2.1 Ba81s of propardllon of finan¢lal $tslwnonls The financial statements have been prepared in accordan￿ wth the Charf(ies SORP IFRS 1021- Accounting and Reporbng by Charthes." Statement of Recommended Practice applicable lo charitie5 preparing their accounts in accordance wth the Finan¢*l Repo￿"n9 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Ad 2006. The charity constibjles a public benefit entity as defined by FRS 102. The financial statemen15 have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Re¢ommenLled Practice applicable lo charrties preparing their accounts in aecord8n¢e wlh the Financial Reporting Stsn¢Jard applicable in the UK and Republic ol Ireland issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic ol Ireland IFRS 1021, the Charitie$ kl 2011, the Companies Act 2006 and UK Generally A¢¢epted Accounting Practice. The financial gtatemenls are P￿pare 1,638,319 Balance at 31 D•c•mbor 2021 Bal•n¢g at 1 January 2021 Income Expondlturé R•$trl¢ted lund$ Restricted Funds- all funds 2.119.735 11.1641 2,118.571 Totsl of funds 2.796.979 4.893.559 14,033.648) 3,656.890 Page 41 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 23. Statom•nt of funds (continu￿) Statsmont of funds - prior y•ar Balance at 31 Dec&mber 2020 BalanGe af l January 2020 Income Expenditure Unr6*trlctsd funds General Funds New Dimensions Trading 470.870 (114,477J 4,392.540 14,055, 728) 19, 145 (35, 106) 807,682 (130,438) 356.393 4,411.685 (4.090.834? 677.244 Balanc8 at 31 December 2020 Balance al l January 2020 Income Expenditu Rgstrlctsd fund¥ Building Funds India Funds Uganda Funds 2,087.589 32.235 7,365 (1,454) 2,080, 135 32,235 7,365 2, 127. 189 (1.4541 2, 119, 735 Total of funds 2,477.582 4,411.685 (4,092.288) 2,796,979 Page 42 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 24. R•strl¢t•d lunds- India fund.. The India fund wds estsblished in order to relieve povety in India and may only be used for this purpose. Uganda fund.. The Uganda lund was estsblished in order lo relieve poverty in Uganda and may only be used for this purpose. Building fund.. The 8uilding fund was established as the result of fun&raising activities aimed al the acquisf(ion and refurbishment or new premises for the charity and may only be used for this purpose. Guest Ministers, Honoraria.. The guest ministers, honorarium fund Wds established following the receipt of donations from the congregation towards the cost of honorarium for guest ministers. Expansion fund.. The expansion fund was estsblished follow.ng the receipt of donations from the congre9alion towards the cost of the expanS￿n of the Brent Cross building. Church Social Responsibility ICSRI fund.. The CSR fund was established following the receipt of donations from the eon9regalion towards the cost of CSR projects and inilialives. 25. Summary of funds Summary of funds - current year Balance at 31 Balance at 1 January 2021 Dec8mbar 2021 Income Exponditura General funds Restricted funds 677.244 2,119,735 4.893.559 14,032.4841 1,538.319 11,1641 2,118,S71 2.796.979 4.893.559 14,033.648) 3,656.890 Page 43 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 25. Summary of funds l¢ontinuodl Summary of funds- priorY￿r Balance at 31 Dec&mber 2020 BalanGe af l January 2020 Income Expenditure General funds Reslricled funds 356.393 2, 121. 189 4,411,685 (4,090,834) 677,244 fl.4541 2, 119, 735 2,477,582 4,411,685 (4,092,288) 2,796,979 26. Analy818 ol not •180ts botwtèn lund• Analys18 of not a88ots bet￿n funds- ¢urrenl year Unrnstrict8d Restrlct•d funds funds 2021 2021 Total fundB 2021 Tangible fixed a$$ets Investment property Current assets Creditors due wthin one year {1,938,3291 2,650,000 1.642,019 1815,3711 2,078,971 140,642 2.650,000 1.681,619 1815,3711 39,600 Total 1,538,319 2,118,571 3.656,890 Analysis ol net assets between lunds- prlor y•ar Unrestricted runds 2020 Restricted runds 2020 Total funds 2020 Tangible fixed assets Investment property Current a55ets Creditors due vAthin one year 130, 183 2,650,000 1,311,696 (1,294.900) 130, 183 2,650,000 1,311,696 (1,294.900) Totsl 2, T96,979 2, 796,979 Page 44 JESUS HOUSE FOR ALL NATIONS IA Company Llmltod by Guar4ntso} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 27. R•¢on¢lllatlon of net mov•m•nt In funds to net cash Ilow from 0￿ratIng activlties Group 2021 Group 2020 Charity 2021 Charity 2020 Nel income for the year las per Stslement of Financial A¢liwtiesl 859,911 319,397 887,529 335,358 Adjustmonts for: Ngl cash provided by op•ratlng acti¥ltl&s 859,911 319,397 887,529 335,358 28. Analys1$ of cash ind cash èqulvalonts Group 2021 Group 2020 Charlty 2021 Charity 2020 Cash in hand 924,957 575, 153 923.986 574,515 Totsl cash and ¢a$h equlvalents 924,9S7 575, 153 923,986 574,515 29. Analy8ls of chang88 In net debt At1 January 2021 Cash flobvs At31 DKgmbgr 2021 Cash al bank and in hand 575.153 349.804 924.957 S75.153 349.804 924.957 30. Rolatod par￿9S Al the balance sheet date Jesus House was 0￿Ed £192.981 by New Dimensions Trading Limiled12020.' £169.0871. 31. Ponsion commitments The charty operates a defined conth"bub"on plan for the benefit of its employees. Contributs"on5 are expensed as they become payable. Page 45