OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Registered number: 4047907 Charity number: 1088614

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 - 9
Consolidated Statement of Financial Activities 10
Consolidated Balance Sheet 11
Charity Balance Sheet 12
Consolidated Statement of Cash Flows 13
Charity Statement of Cash Flows 14
Notes to the Financial Statements 15 - 43

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 2022

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 2022

REPORT OF THE TRUSTEES

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 2022. 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 or the charity 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 non-charitable 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 at 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) 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.

c) 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, some of the key teams include:

Page 2

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT

• The year 2022 witnessed the gradual decline of the impact of the global pandemic (Covid-19) that plagued the world in 2020 and 2021. Unfortunately, the nation experienced the emergence of a ‘cost of living crisis’ – a time in which the cost of everyday essentials such as food and rising much faster than average household incomes. A very challenging and difficult year for most people, yet the charity found new innovative ways of discharging its objectives, services and hosting events. The organisation set up a cost of living crisis appeal fund to assist the most vulnerable of its members.

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

• The Charity continued 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 especially during the global pandemic. 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 Araunah Response Team (ART) - an initiative to meet the needs of the most vulnerable in our community – especially those with no recourse to statutory and regular provisions that was set up in 2020 continued to assist members in 2022. It 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 continued to experience 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 organisation, as part of its Corporate Social Responsibility (CSR) programme, collaborates with other charities such as Global Hands (a charity that helps to bring about change in the lives of people in poverty). The charity operates across the globe and has been partnering with the Londrina State Penitentiary in Brazil, to help change the lives of many of its inmates. In 2022, the organisation spent over £100,000 to support Jesus House (JH) Brazil. In this amount, JH Brazil receives a monthly support as well as support in other areas like its Easter Outreach programme and many more when the need arises.

• The organisation supported Solace Ministry Rwanda with a Charitable education grant of £1350 to sponsor some student through their academic studies.

• House of Wells (a UK and South Africa registered charity that exists to restore hope, dignity and release the potential of children and youth in Africa) received a grant of £1000 to sponsor its Christmas hampers for children in several countries such as Zimbabwe, Nigeria etc.

• The organisation continue to support Charities in the UK such as The Peace Alliance, St Hilda’s Parochial Church, Hope as well as monthly grant of £400 to the Abiola Olufeyimi Charity.

Page 3

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Treasury Team.

• In the year 2022, the organisation continued to provide supports in various areas such as Education and Bereavement for its members. A grant of £14586.43 was spent toward Education support to support some students who were not able to meet up with their living expenses while studying. The sum of £14,000 plus was spent on Bereavement to support some of our members who lost their beloved ones.

• The organisation held one of its flagship events, the Uncommon Woman Conference (UWC) between the 24th – 26th March 2022 with the theme: “ABOUND – LIVING IN HIS LOVE”. As it was a virtual event, it gave men the opportunity to attend what 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 Francophonie arm of the organisation hosted a French speaking version of the above event called the ‘Virtuous Women Conference’ on the 4th – 5th November 2022.

• The organisation also takes a keen interest in upholding family values by hosting events for married couples throughout the year such as the Annual Couples Weekend Away (CWA) from 29th April to 2nd May 2022. This event provides an opportunity for married couples to enhance their 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 generations.’

• 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 2022.

• On Sunday, 20th March 2022, the organisation launched a new initiative – The Greenhouse. There is a ministry in every person. This is to empower individuals to maximise their potential and support the Godordained ministries in them.

• 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). It also hosted another flagship event for the men – “The Mandate Men’s Conference” with the theme: “Change” on the 12th November 2022. The conference is dedicated to celebrating and develop men into men of influence who will be the best husbands, fathers, and leaders God has called them to be in today’s complex world. The sessions will challenge delegates to grow spiritually, emotionally, and practically. The workshops and teachings are specifically tailored to the needs and issues relevant to men. The event was also opened to women to attend as it was hosted virtually.

• The organisation continues one of its renowned Christmas activities namely, Christmas Lunch on Jesus between the 15th – 19th December 2022. 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 continued global pandemic for a third year, 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

Page 4

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

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

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 purpose of Company Law, are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors to prepare financial statements for each financial year which gives a true and fair view of the situation of the company and of the profit or loss of the company for that period. In preparing the financial statements, the directors are required to:

Observe the methods and principles in the Charities Statement of Recommended Practice (SORP).

The Trustees are responsible for keeping proper accounting records which discloses with reasonable accuracy at any time; the financial position of the company and it also enables them to ensure that the financial statements comply with the Companies Act 2006. Furthermore, 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 irregularities.

Thus far as the Trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s (i.e., organisation’s) website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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

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

Dr Olushola Adeaga Director Date: 28 September 2023

Page 5

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 (the ‘parent charitable company’) and its subsidiary (the 'group') for the year ended 31 December 2022 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.

Page 6

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

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

Other information

The other information comprises the information included in the trustees report, other than the financial statements and our auditor’s report thereon. 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.

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.

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

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:

Based on our understanding of the Charity and the sector in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, Companies Act, and Employment Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. There is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

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 guidanceforauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.This description forms part of our auditor’s report.

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

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.

Geoffrey Frost BSc(Hons) FCA (Senior Statutory Auditor)

for and on behalf of

Blue Spire Limited (Statutory Auditors)

Cawley Priory

South Pallant

Chichester

West Sussex

PO19 1SY

Date:

Page 9

(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 2022

Note
Income from:
Donations and legacies
3
Charitable activities
Other trading activities
5
Investments
6
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income before taxation
Taxation
15
Net income after taxation
Transfers between funds
23
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
3,831,793
411,917
250
65
-
4,244,025
33,061
4,096,783
4,129,844
114,181
(17,795)
96,386
35,994
132,380
1,538,319
132,380
1,670,699		 Restricted
funds
2022
£
-
85,126
-
-
-
85,126
-
8,267
8,267
76,859
-
76,859
(35,994)
40,865
2,118,571
40,865
2,159,436		 Total
funds
2022
£
3,831,793
497,043
250
65
-
4,329,151
33,061
4,105,050
4,138,111
191,040
(17,795)
173,245
-
173,245
3,656,890
173,245
3,830,135		 Total
funds
2021
£
4,614,132
217,691
891
14
60,831
4,893,559
28,510
3,954,847
3,983,357
910,202
(50,291)
859,911
-
859,911
2,796,979
859,911
3,656,890

The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 43 form part of these financial statements.

Page 10

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

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Fixed assets
Tangible assets
16
Investment property
17
Current assets
Stocks
19
Debtors
20
Cash at bank and in hand
Creditors: amounts falling due within one
year
21
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
23
Unrestricted funds
23
Total funds		 30,848
792,195
891,026
1,714,069
(686,056)		 2022
£
152,122
2,650,000
2,802,122
1,028,013
3,830,135
3,830,135
3,830,135
2,159,436
1,670,699
3,830,135		 30,848
725,813
924,957
1,681,618
(815,370)		 2021
£
140,642
2,650,000
2,790,642
866,248
3,656,890
3,656,890
3,656,890
2,118,571
1,538,319
3,656,890

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 and signed on their behalf by:

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

Dr Olushola Adeaga Director Date: 28 September 2023

The notes on pages 15 to 43 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 2022

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
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
23
Unrestricted funds
23
Total funds		 2022
£
1,009,242
889,510
1,898,752
(679,872)		 2022
£
152,122
1
2,650,000
2,802,123
1,218,880
4,021,003
4,021,003
4,021,003
2,159,436
1,861,567
4,021,003		 2021
£
907,622
923,986
1,831,608
(807,305)		 2021
£
140,642
1
2,650,000
2,790,643
1,024,303
3,814,946
3,814,946
3,814,946
2,118,571
1,696,375
3,814,946

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 and signed on their behalf by:

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

Dr Olushola Adeaga (Director) Date: 28 September 2023

The notes on pages 15 to 43 form part of these financial statements.

Page 12

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

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

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		 2022
£
173,245
(65)
50,398
(66,382)
(129,314)
65
(61,878)
(61,813)
(33,931)
924,957
891,026		 2021
£
859,911
(14)
46,494
(20,118)
(479,530)
14
(56,953)
(56,939)
349,804
575,153
924,957

The notes on pages 15 to 43 form part of these financial statements

Page 13

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

CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

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		 2022
£
206,057
(65)
50,398
(101,620)
(127,434)
65
(61,878)
(61,813)
(34,476)
923,986
889,510		 2021
£
887,529
(14)
46,494
(48,045)
(479,554)
14
(56,953)
(56,939)
349,471
574,515
923,986

The notes on pages 15 to 43 form part of these financial statements

Page 14

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

The Consolidated Statement of Financial Activities (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Charity has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in 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 2022

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 £4,329,151 (2021: £4,892,668), total expenditure of £4,122,845 (2021: £4,005,138) and a surplus of £206,306 (2021: £887,530) for the year under review.

New Dimensions Trading Limited is exempt from the requirements of Companies Act 2006 relating to the audit of its individual accounts by virtue of sections 477 and 479A.

Page 16

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

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.

Grants are included in the Consolidated Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 17

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

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 2022

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 2022

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 2022

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
Tithes
Offering
Thanksgiving
Gift Aid
First Fruit Offerings
Vision/Special Offerings
Building Donations
French Church Income
Contribution towards Guest Ministers' Honoraria
The NEW - Donations
Pursuit of God Income
RUIC Income
Other Ministry Income
Kidz First Ministry - Income
Christmas Lunch on Jesus
Women's Ministry Income
Donations - Widows'
Donations - Special Projects
Men's Ministry Income
Subtotal detailed disclosure
Total 2022		 Unrestricted
funds
2022
£
2,438,009
516,953
93,072
437,952
65,784
67,489
597
37,361
9,868
250
36,796
35
58,182
902
44,079
3,058
2,451
17,041
1,914
3,831,793
3,831,793		 Total
funds
2022
£
2,438,009
516,953
93,072
437,952
65,784
67,489
597
37,361
9,868
250
36,796
35
58,182
902
44,079
3,058
2,451
17,041
1,914
3,831,793
3,831,793

Page 21

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Income from donations and legacies (continued)

Donations
Tithes
Offering
Thanksgiving
Gift Aid
First Fruit Offerings
Vision/Special Offerings
Building Donations
French Church Income
Contribution towards Guest Ministers' Honoraria
The NEW - Donations
Pursuit of God Income
Other Ministry Income
Kidz First Ministry - Income
Christmas Lunch on Jesus
Subtotal detailed disclosure
Total 2021		 Unrestricted
funds
2021
£
2,446,850
608,370
119,364
513,258
53,796
188,577
240
18,353
13,659
60,460
27,519
399,528
196
163,962
4,614,132
4,614,132		 Total
funds
2021
£
2,446,850
608,370
119,364
513,258
53,796
188,577
240
18,353
13,659
60,460
27,519
399,528
196
163,962
4,614,132
4,614,132

Page 22

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Incoming Resources from Charitable Activities

Charitable Activities
Uncommon Woman Conference
Colindale Food Bank Donations
Christmas Lunch on Jesus - Franchise
Mandate Income - Donations
Colindale Food Bank - Grants
Welfare/Araunah Funds
Tightknots Income
Global Hands - Donations
UK Prayer Shield Income
Community Action - Projects Fundraising
Grants - Others
Total 2022
Charitable Activities
Uncommon Woman Conference - Other Income
Colindale Food Bank Donations
Christmas Lunch on Jesus - Franchise
Mandate Income - Donations
Colindale Food Bank - Grants
Welfare/Araunah Funds
Tightknots Income
Global Hands - Donations
UK Prayer Shield Income
Community Action - Projects Fundraising
Total 2021		 Unrestricted
funds
2022
£
4,038
-
187,988
9,696
-
71,365
26,934
25,548
-
10
86,338
411,917
Unrestricted
funds
2021
£
10,999
-
80,171
15,634
-
57,623
1,080
12,598
2,365
95
180,565		 Restricted
funds
2022
£
-
40,275
-
-
44,851
-
-
-
-
-
-
85,126
Restricted
funds
2021
£
-
27,281
-
-
9,845
-
-
-
-
-
37,126		 Total
funds
2022
£
4,038
40,275
187,988
9,696
44,851
71,365
26,934
25,548
-
10
86,338
497,043
Total
funds
2021
£
10,999
27,281
80,171
15,634
9,845
57,623
1,080
12,598
2,365
95
217,691

Page 23

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Income from other trading activities

Income from non charitable trading activities

Other trading activities
Other trading activities
6.
Investment income		 Unrestricted
funds
2022
£
250
Unrestricted
funds
2021
£
891		 Total
funds
2022
£
250
Total
funds
2021
£
891
Unrestricted
funds
2022
£
Bank Interest
65
Unrestricted
funds
2021
£
Bank Interest
14		 Total
funds
2022
£
65
Total
funds
2021
£
14

Page 24

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Other Income

Total
funds
2022
£
Job Retention Scheme -
Unrestricted Total
funds funds
2021 2021
£ £
Job Retention Scheme 60,831 60,831

Page 25

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
Christmas Activities
UK Prayer Shield 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
Kidz First Ministry Expenses
Marketing and Communications Expenses
Mandate Expenses
Ministries Team Expenses
Wages and Salaries - Ministry Staff
Other Event Expenses
Other Ministry Expenses
Personal and Spiritual Development
Tightknots Marriage Ministry Expenses
Welfare Expenses
Multimedia Expenses
Music Ministry Expenses
Reignite Expenses
Connect Group Expenses
The NEW Expenses
Greenwich Hub Expenses
Support Costs (Note 9)
Total 2022		 Unrestricted
funds
2022
£
12,818
2,000
48,719
3,757
16,754
1,120
19,245
6,541
29,030
416,142
195,816
33,859
27,214
103,288
3,450
4,760
17,934
31,079
-
991,541
48,077
34,010
20,381
52,655
56,280
22,856
3,505
8,783
3,105
17,352
115
1,864,597
4,096,783		 Restricted
funds
2022
£
-
-
-
-
-
-
-
-
7,336
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
931
8,267		 Total
funds
2022
£
12,818
2,000
48,719
3,757
16,754
1,120
19,245
6,541
36,366
416,142
195,816
33,859
27,214
103,288
3,450
4,760
17,934
31,079
-
991,541
48,077
34,010
20,381
52,655
56,280
22,856
3,505
8,783
3,105
17,352
115
1,865,528
4,105,050

Page 26

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Expenditure on Charitable Activities (continued)
Pursuit of God Expenditure
Guest Ministers Hospitality/Travel Expenses
Guest Ministers Honorarium
Professional Subscriptions
Special Events - Watchnight Service
Pastoral Care Expenses
Carol Service Expenses
UK Prayer Shield 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
Kidz First Ministry Expenses
Marketing and Communication Expenses
Mandate Expenses
Men's Ministry Expenses
Wages and Salaries - Ministry Staff
Other Event Expenses
Other Ministry Expenses
Personal and Spiritual Development
Tightknots Marriage Ministry Expenses
Welfare Expenses
Multimedia Expenses
Music Ministry Expenses
Support Costs (See Note 9)
Total 2021		 Unrestricted
funds
2021
£
2,062
657
29,453
5,044
20,546
1,169
7,612
10,129
62,438
375,773
305,696
22,128
20,115
95,818
341
1,338
31,806
11,771
11,463
1,030,703
11,302
27,140
12,736
6,757
66,234
43,414
6,719
1,733,319
3,953,683		 Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,164
1,164		 Total
funds
2021
£
2,062
657
29,453
5,044
20,546
1,169
7,612
10,129
62,438
375,773
305,696
22,128
20,115
95,818
341
1,338
31,806
11,771
11,463
1,030,703
11,302
27,140
12,736
6,757
66,234
43,414
6,719
1,734,483
3,954,847

Page 27

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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
Bad Debts
Annual Return Costs
Total 2022		 Unrestricted
funds
2022
£
161,645
18,858
56,192
47,762
2,545
4,270
33,345
27,621
14,249
40,387
13,680
221
131,935
3,058
49,467
226,248
4,879
111,834
5,102
-
33,605
5,081
872,018
595
-
1,864,597		 Restricted
funds
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
931
-
-
-
-
-
-
-
-
-
-
931		 Total
funds
2022
£
161,645
18,858
56,192
47,762
2,545
4,270
33,345
27,621
14,249
40,387
13,680
221
131,935
3,058
50,398
226,248
4,879
111,834
5,102
-
33,605
5,081
872,018
595
-
1,865,528

Page 28

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Support Costs (continued)
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
Contractor's 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
Bad Debts
Annual Return Costs
Total 2021		 Unrestricted
funds
2021
£
69,356
11,424
45,283
50,501
975
7,873
45,414
33,832
8,762
13,374
11,880
1,218
97,841
6,944
45,330
168,019
6,119
94,528
4,766
24
15,673
9,114
984,364
255
450
1,733,319		 Restricted
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,164
-
-
-
-
-
-
-
-
-
-
1,164		 Total
funds
2021
£
69,356
11,424
45,283
50,501
975
7,873
45,414
33,832
8,762
13,374
11,880
1,218
97,841
6,944
46,494
168,019
6,119
94,528
4,766
24
15,673
9,114
984,364
255
450
1,734,483

Page 29

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Charitable Grants

Charitable Grants
World Evangelism Mission Grants
RCCG Central Office
RCCG Builder's House
The Peace Alliance
NAYBA
Princes Park Youth Football Club
Wintershall
Hope UK
HMP Bronzefield
Good Shepherd's Home
Total 2022
Charitable Grants
World Evangelism Mission Grants
RCCG Central Office
RCCG Builder's House
Open Doors
Emergency Relief Fund
Roarlight
Our God Given Mission
HOPE UK
Noel Robinson
De-Vine Sanctuary
Good Shepherd Home
Jesus House Vienna
Total 2021		 Unrestricted
funds
2022
£
355,000
30,000
18,000
1,500
2,500
500
2,500
842
500
4,800
416,142
Unrestricted
funds
2021
£
299,303
30,000
18,000
4,172
9,682
1,000
2,500
2,500
1,000
500
4,800
2,316
375,773		 Total
funds
2022
£
355,000
30,000
18,000
1,500
2,500
500
2,500
842
500
4,800
416,142
Total
funds
2021
£
299,303
30,000
18,000
4,172
9,682
1,000
2,500
2,500
1,000
500
4,800
2,316
375,773

Page 30

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Analysis of expenditure by activities

Activities
undertaken
directly
2022
£
Expenditure
2,239,522
Activities
undertaken
directly
2021
£
Expenditure
2,220,364
Auditors' remuneration
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts		 Support
costs
2022
£
1,865,528
Support
costs
2021
£
1,734,483
2022
£
13,680		 Total
funds
2022
£
4,105,050
Total
funds
2021
£
3,954,847
2021
£
11,880

12. Auditors' remuneration

Page 31

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

13. Staff costs

Group
Group
2022
2021
£
£
Staff Costs
Wages and salaries
1,626,464
1,771,041
Social security costs
165,655
168,260
Contribution to defined contribution pension
schemes
71,439
75,766
Total Staff Costs
1,863,558
2,015,067
The average number of persons employed by the Charity during the year was
Group
Group
2022
2021
Average Head Count
70
82		 Charity
2022
£
1,626,464
165,655
71,439
1,863,558
as follows:
Charity
2022
70		 Charity
2021
£
1,771,041
168,260
75,766
2,015,067
Charity
2021
82

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

Group Group
2022 2021
Higher paid staff - number of staff receiving employee benefits,
excluding pension, between:
In the band £60,001 - £70,000 - 1
In the band £70,001 - £80,000 1 -
In the band £90,001 - £100,000 - 1
In the band £110,001 - £120,000 1 1
In the band £120,001 - £130,000 1 -

During the year under review the charity's trustees and key management personnel received employee benefits totalling £269,355 (2021: £254,468) consisting of salary of £223,819 (2021: £215,730), employer's national insurance contributions of £29,869 (2021: £27,636) and pension benefits of £15,667 (2021: £15,101). At the balance sheet date £81,000 (2021: £86,000) 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 £73,931 (2021: £68,794) made up of salary £61,930 (2021: £57,958), national insurance contributions of £7,666 (2021: £6,779) and pension contributions £4,335 (2021: £4,057).

Page 32

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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.

2022 2021
£ £
Dr Olushola Adeaga Remuneration 103,033 98,532
Pension contributions paid 7,212 6,897
National insurance
contributions 13,685 12,681

No expenses were reimbursed to trustees or incurred in respect of trustee meeting expenses during the period, nor in the previous financial year.

During the year the charity operated a defined contribution pension scheme. Contributions payable to the scheme by the charity totalled £71,439 (2021: £75,766).

15. Taxation

Corporation tax
Current tax on net income for the year
Taxation on net income		 2022
£
17,795
17,795		 2021
£
50,291
50,291

There were no factors that affected the tax charge for the year which has been calculated on net income at the standard rate of corporation tax in the UK of 19% (2021 - 19%).

There are no factors considered likely to affect future tax charges.

Page 33

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Tangible fixed assets

Group and Charity

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value
At 31 December 2022
At 31 December 2021		 Motor
vehicles
£
172,062
35,994
208,056
172,062
8,999
181,061
26,995
-		 Fixtures and
fittings
£
258,348
-
258,348
253,696
931
254,627
3,721
4,652		 Church and
Office
equipment
£
965,286
25,884
991,170
829,296
40,468
869,764
121,406
135,990		 Total
£
1,395,696
61,878
1,457,574
1,255,054
50,398
1,305,452
152,122
140,642

Page 34

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

17.
Investment property
Group
Valuation
At 1 January 2022
At 31 December 2022
Charity
Valuation
At 1 January 2022
At 31 December 2022		 Long term
leasehold
investment
property
£
2,650,000
2,650,000
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.

Page 35

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

18. Fixed asset investments

Charity
Cost or valuation
At 1 January 2022
At 31 December 2022		 Investments
in
subsidiary
companies
£
1
1

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 Limited 07479350 112 Brent Terrace, Brent Cross, Sale of books, the
London, NW2 1LT 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:

Name Income Expenditure Profit/(Loss)
£ £ / Surplus/
(Deficit) for
the year
£
New Dimensions Limited 250 33,061 (32,811)

Page 36

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

19. Stocks

Finished goods and goods for resale
20.
Debtors
Due within one year
Trade debtors
Amount owed by subsidiary
Other debtors
Prepayments and accrued income		 Group
2022
£
7,727
-
137,615
646,853
792,195		 Group
2022
£
30,848
Group
2021
£
7,727
-
128,757
589,329
725,813		 Group
2021
£
30,848
Charity
2022
£
-
234,254
134,712
640,276
1,009,242		 Charity
2021
£
-
Charity
2021
£
-
192,981
125,312
589,329
907,622

21. Creditors: Amounts falling due within one year

Creditors
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Creditors		 Group
2022
£
285,945
112,704
139,709
147,698
686,056		 Group
2021
£
377,794
124,523
291,653
21,400
815,370		 Charity
2022
£
284,988
112,704
138,114
144,066
679,872		 Charity
2021
£
376,863
124,523
288,150
17,769
807,305

Page 37

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

22. 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
2022
£
2,650,000
-
7,727
2,657,727
Group
2022
£
285,945		 Group
2021
£
2,650,000
-
7,727
2,657,727
Group
2021
£
377,794		 Charity
2022
£
2,650,000
1
-
2,650,001
Charity
2022
£
284,988		 Charity
2021
£
2,650,000
1
-
2,650,001
Charity
2021
£
376,863

Page 38

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

23. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31
January Transfers December
2022 Income Expenditure in/out 2022
£ £ £ £ £
Unrestricted funds
General Funds - all funds 1,696,376 4,243,775 (4,114,578) 35,994 1,861,567
New Dimensions Trading (158,057) 250 (33,061) - (190,868)
1,538,319 4,244,025 (4,147,639) 35,994 1,670,699
Restricted funds
Restricted Funds - all funds 2,118,571 85,126 (8,267) (35,994) 2,159,436
Total of funds 3,656,890 4,329,151 (4,155,906) - 3,830,135
Statement of funds - prior year
Balance at
Balance at 31
1 January December
2021 Income Expenditure 2021
£ £ £ £
Unrestricted funds
General Funds - all funds 807,682 4,892,668 (4,003,974) 1,696,376
New Dimensions Trading (130,438) 891 (28,510) (158,057)
677,244 4,893,559 (4,032,484) 1,538,319
Restricted funds
Restricted Funds - all funds 2,119,735 - (1,164) 2,118,571
Total of funds 2,796,979 4,893,559 (4,033,648) 3,656,890

Page 39

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

24. Restricted funds:

India Fund:

The India Fund was established in order to support social responsibility initiatives in India.

Uganda Fund:

The Uganda Fund was established in order to support social responsibility initiatives in Uganda.

Building Fund:

The Building Fund was established as a result of fund-raising activities aimed at the acquisition and refurbishment of building properties for the charity.

Colindale Food Bank:

The Colindale Food Bank Fund was established following receipt of donations from members towards the food bank drive to support the local community.

Global Hands:

The Global Hands Fund was established following receipt of donations from members towards church social responsibility projects and initiatives worldwide.

Page 40

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

25. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers December
2022 Income Expenditure in/out 2022
£ £ £ £ £
General funds 1,538,319 4,244,025 (4,147,639) 35,994 1,670,699
Restricted funds 2,118,571 85,126 (8,267) (35,994) 2,159,436
3,656,890 4,329,151 (4,155,906) - 3,830,135
Summary of funds - prior year
Balance at
Balance at 31
1 January December
2021 Income Expenditure 2021
£ £ £ £
General funds 677,244 4,893,559 (4,032,484) 1,538,319
Restricted funds 2,119,735 - (1,164) 2,118,571
2,796,979 4,893,559 (4,033,648) 3,656,890

Page 41

JESUS HOUSE FOR ALL NATIONS

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

26. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
152,122
Investment property
571,960
Current assets
1,632,673
Creditors due within one year
(686,056)
Total
1,670,699		 Restricted
funds
2022
£
-
2,078,040
81,396
-
2,159,436		 Total
funds
2022
£
152,122
2,650,000
1,714,069
(686,056)
3,830,135

Analysis of net assets between funds - prior year

Tangible fixed assets
Investment property
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
(1,938,329)
2,650,000
1,642,018
(815,370)
1,538,319		 Restricted
funds
2021
£
2,078,971
-
39,600
-
2,118,571		 Total
funds
2021
£
140,642
2,650,000
1,681,618
(815,370)
3,656,890

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

Net income for the year (as per Statement of
Financial Activities)
Adjustments for:
Net cash provided by operating activities		 Group
2022
£
173,245
173,245		 Group
2021
£
859,911
859,911		 Charity
2022
£
206,057
206,057		 Charity
2021
£
887,529
887,529

Page 42

(A Company Limited by Guarantee)

JESUS HOUSE FOR ALL NATIONS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

28. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2022
£
891,026
891,026		 Group
2021
£
924,957
924,957		 Charity
2022
£
889,510
889,510		 Charity
2021
£
923,986
923,986

29. Analysis of changes in net debt

Cash at bank and in hand At 1
January
2022
£
924,957
924,957		 Cash flows
£
(33,931)
(33,931)		 At 31
December
2022
£
891,026
891,026

30. Related Parties

At the balance sheet date Jesus House was owed £234,254 by New Dimensions Trading Limited (2021: £192,981).

31. Pension commitments

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

Page 43