Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 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 2023
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Financial Statements Consolidated Statement of Financial Activities 10 Consolidated Balance Sheet Charity Balance Sheet Consolidated Statement of Cash Flows 13-14 15 Charity statement of Cash Flows Notes to the Financial Statements 16 17-45
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 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 2023 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 NW2 1LT Company Secretary Samuel Sijuvtsde Chief Executive Officer Pastor Agu Irukwu and Senior Pastor Independent Auditors Blue Spire Limited caeY Priory South Pallant Chichester West Sussex P019 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 BR13NF Page 1
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES The Trustees, tho 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 the accounts for the period ended, 31 st December 2023. 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) 15 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 Artides of Association and is managed by the Board of Trustees. Decisions are made by a simple majorty vote by the Trustees 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 V¥4th copies of the Charity Commission's Guidance. Additional information and training are also provided as at 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. OBJECTIVES AND ACTIVITIES The Charity's objectives are.. "The advancement of the Christian religion worldwide... °The relief of poverty worldwde.- These objectives are charitable and operate ftjr 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 reposf(ion the local church for the future through the r engineering 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 wth the Charitable objectives to promote the Christian faith and help the less privileged and disadvantaged within the local and international community which include.. The Mandate Men's Ministry Conference. The Christmas Lunch on Jesus. vthich is an annual community centered project that provides familieslpeople in need in the Borough wth a Christmas Hamper. 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. b> With over 650 volunteers, who support and make an invaluable contribution to the operations of the Charity, some of the key teams indude: Youth Teams Page 2
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prison's Ministry Kidz First Junior Church Tribe of Judah (Music) Community Action Prayer Church Social Responsibilty Welfare Men's Ministry Esther's Women's Ministry Abigail's Court Francophonie Church Information Technology Tightknots (the marriage ministy) Treasury Team ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT The year 2023 wtnessed the aftemiath of a gradual dedine in the impact of the global Covid-19 pandemic that plagued the world from 2020 to 2022. Unfortunately. the nation experienced the emergence of a 'cost of living crisis,, characterised by the cost of everyday essentials. such as food and utilities, rising much faster than average household incomes. This created a challenging and difficult year for many people. Despite these challenges, the Charity found innovative ways to fulfil its objectives, provide services, and host events. In response to the crisis. the organisation set up a Cost-of-Living Crisis Appeal Fund in 2022 and continued this initiative in 2023 to assist its most vulnerable members. This fund has been instrumental in providing much-needed support during these trying times. 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 and its aftermath. 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 wth no recourse to statutory and regular provisions that was set up in 2020 continued to assist members in 2023. It provided practical and financial assistance to members and the local ommunity who are finding it difFicult to make ends meet during thi5 period after a global pandemic. The Colindale Food Bank (part of The Tnjssell Trust), a food distribution service continued to experience a sharp increase for its seNices for those in need within the Borough, it operates out of our premises at Brent Terrace. With local and national donations. rt a$ 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 other charities such as Open Doors (a charrty that serves persecuted Christians around the world by providing vital support, delivering resources, and providing training.). The collaboration raised the sum of £7,800 in response to the Turkeylsyria disaster. The organisation supported a charity called Christian Voice (a fundamentalist Christian advocacy group Page 3
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 based in the United Kingdom. Its stated objective is 'lo uphold Christianity as the Faith of the United Kingdom, to be a voice for Biblical values in law and public policy, and to defend and support traditional family life) with a Charitable grant of £1750. The organisation continues to support Charities in the UK such as NAYBA. la charity that supports local churches on a guided exploration to discover how to love your community better) wth a charitable grant of £2,500. Another charity the organisation supported is HOPE UK, a national charity providing drug and alcohol education and training for children and young people, parents and youth workers. wth a grant of £2,500. The organisation also supported the House of Wells, a Non-Profit Organisation (NPO) registered in the United Kingdom (Reg no. 11334741 and in South Africa {074732 NPO). existing to restore hope, dignity and release the potential of children and youth in Africa a grant of £1,000. Good Shephard, a charity outside of the UK also benefited from the support5 Wth a grant of £4,800. During the unprecedented and challenging years from 2020 to 2022, millions of people experienced financial hardship both nationally and globally. In response, the organisation hosted a series of financial seminars, such as "How to Create Passive Income." to empower its members and attendees. This event, organised by the Kingdom Treasurers, Team, took place on the 25th of March 2023. These seminars were designed to provide valuable financial insights and strategies, helping individuals navigate through difficult economic times and buikl more secure financial futures. The organisation held one of its flagship events, the Uncommon Woman Conference IUWC) between the 17th - 19th March 2023 wth the theme.. 'ABOUND - LIVING IN HIS LOVE" As it was a hybrid 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 ami of the organisation hosted a French speaking version of the above event called the 'Cofevert Women Conference, on the 24th - 25th November 2023. 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 ICWAI from 26th May to 29th of May 2023. 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 ouples build Christ-centred marriages that will last a lrfetime, be a light to the world and leave a legacy for future generations. The organisation also hosted one of its flagship events, the annual 'Pursuit of God. conference from the 1st - 21st June 2023 with the theme.. Contending for Higher Ground. The nty-One-daY conference will include= a daily evening service (Monday- Thursday (virtually)., onsite on Fridays and a 12-hour prayer session on Saturdays which will consist of a time of praise and worship, a time of exhortation, and fasting. The sessions are open to all who want to seek a deeper understsnding and relationship with God. In addition to the above event. it was the first time that the organisation hosted a national event in London called the Altar on Friday, 30th June 2023. This gave members, guests and members of the public the opportunity to worship God and declare London for Jesus. aligning wth its core objective. The Altar was a significant milestone for the organisation, fvrthering our mission to foster spiritual growlh and community engagement. 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 wtth issues such as anxiety and depression to name a few in Page 4
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 August, September, October and November 2023. The organisation's Men's ministry continued to hold its monthly meetings, ere 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. wth the theme.. 'Change' on the 18th of November 2023. The conference is dedicated to celebrating and develop men into men of influence who wll be the best husbands, fathers, and leaders God has called them to be in today's complex world. The sessions wll 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 streamed LIVE. The organisation continued one of its renowned Christmas activities namely, Christmas Lunch on Jesus belween the 17th 23rd December 2023. This activity is of immense benefit to the public both locally and nationally especially followng the aftermath of a global pandemic. The organisation ended the year wth 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. After three years of a global pandemic and hosting events virtually, the above-mentioned events and activities have resumed taking place physically on-site. These inf(iatives have significantly contributed to and transformed lives. results'ng in an improved qualty of lrfe. Other notable activities and events include outreach programs such as 'Angel Tree,, where children of inmates are given Christrnas presents. This program has been instrumental in fostering community spirit and support. RISK MANAGEMENT The Trustees have conducted a review of the major risks Trhhich 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 tsken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that there are safe systems in place to manage the risks that have been identified. Insurance covers are in place and the finances of the Charity are kept under review. Where appropriate, systems have been created to mitigate the risks the Charity faces. A significant external risk to funding has led to the development of a strategic plan which has allowed for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures have been put in place to ensure compliance with health and safety of members of staff, volunteers, clients and visitors to the Charity- PLANS FOR FUTURE PERIODS The Charty continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there 15 an awareness of its Servi5, and they are proaclively seeking opportunities to be more involved in the community. The Charity seeks to provide ServIS and activities that meet the needs of people in the community. These activities provide a positive change in the moral and spirtiual 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 vAth 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 Page 5
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 the financial statements. the directors are required to.. select suitable accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent. prepare the financial statements on a regular basis, unless ti is inappropriate to presume that the company wll continue in business. state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. Observe the methods and principles in the Charities Statement of Recommended practi (SORPI. 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 wth 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- there is no relevant audit infomiation of thich the company's 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 auditors are aware of such information. 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 goveming the preparation and dissemination of financial statements may differ from legislats-on in other jurisdictions. Approved by order of the members of the board of Trustees and signed on their behalf by= 7C729C2F64S84C2... Dr Olushola Adeaga Director Date.. 24 September 2024 Page 6
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 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 Dember 2023 vthich 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- give a true and fair view of the state of the group's and parent charitable company's affairs as at 31 December 2023, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended.. have been properly prepared in accordance vAth 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 wth Intemational Standards on Auditing {UK} IISAS (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 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 obtsined 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 conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the group's or parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other infomiation 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 wthin 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 wth the financial statements or our knOedge obtsined in the course of the audit or othetwse 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 vnrk 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
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 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 directors. report) for the financial year for which the financial statements are prepared is consistent wth the financial statements,. and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knoedge and understanding of the group and parent charitable company and its environment obtained in the course of the audit. we have not idents.fied material misstatements in the directors, report. We have nothing to report in respect of the followng 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 the parent charitable companls financial statements are not in agreement vAth the accounting records and returns., or certain disclosures of directors, remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance wth the small companies, regime and take advantage of the small companies. exemptions in preparing the directors. report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees, responsibilities ststement, 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 concem. 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 bLrt to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance wth those Acts. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, ether 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) wll always detect a material misstatement when rt 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 Vth governance around actual and potential litigation and claims., Page 8
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS AND TRUSTEES OF JESUS HOUSE FOR ALL NATIONS Enquiry of entity staff to identify any instances of non-compliance with laws and regulations., Reviewing minutes of meetings of those charged governance., Reviewing financial statement disclosures and testing to supporting documentation to assess compliance wth applicable laws and regulations. Performing audit work over the risk of management override of controls, including testing of joumal 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 y Y11 not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance wth regulation. This risk increases the more that compliance 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'./.frc.Org.uk1our-worklAud1uAudIt-and-assUr3nCelStandardS-and-guldance1standards-and guidanceforauditorslAuditors-responsibilities-for-audiVDescription-of-auditors-responsibilities-for-audit.aspx.This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members and its trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitsble 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 fom)ed. Geoffrey Frost BSc{Hons) FCA (Senior Statutory Auditor) 22113SA17È4CD for and on behalf of Blue Spire Limited (Statutory Auditors) Cawley Priory South Pallant Chichester West Sussex P019 1SY 24 September 2024 Page 9
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donations and legacies Charitable activities Other trading activities Investments 3.933.014 139,050 300 1.019 304,109 246,800 4,237,123 385.850 300 1,019 3, 831, 793 497,043 250 65 Total income 4.073.383 550,909 4,624,292 4,329, 151 Expenditure on: Raising funds Charitable activities 31,419 3,723,672 31,419 4,213,165 33,061 4, 105,050 489,493 Total expenditure 3,755,091 489,493 4,244,584 4,138,111 Net income before taxation Taxation 318.292 (20,619) 61,416 379,708 (20,619} 191,040 (17, 795) 14 Net movement in funds 297,673 61,416 359,089 173, 245 Reconciliation of funds: Total funds brought forward Net movement in funds 22 1,670,699 297.673 2,159,436 61,416 3,830,135 359.089 3, 656, 890 173, 245 Total funds carried forward 22 1,968,372 2,220,852 4,189,224 3, 830, 135 The Consolidated Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 17 to 45 fomi part of these financial statements. Page10
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee) REGISTERED NUMBER: 4047907 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets Investment propety 15 126,364 2.650.000 152, 122 2, 650, 000 16 2,776,364 2, 802, 122 Current assets Stocks 18 30,848 795,981 1,156,165 30, 848 792, 195 891,026 Debtors Cash at bank and in hand 19 1,982.994 1, 714,069 Creditors.. amounts falling due wthin one year 20 {570,134) {686,056J Net current assets 1,412,860 1,028,013 Total assets less current liabilities 4,189,224 3, 830, 135 Net assets excluding pension asset 4,189,224 3, 830, 135 Total net assets 4,189.224 3, 830, 135 Page11
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CONSOLIDATED BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023 2023 2022 Note Charity funds Restricted funds.. Restricted funds 22 2,220,852 2, 159,436 Total restricted funds 22 2,220,852 2, 159,436 Unrestricted funds General funds 22 1,968,372 1, 670, 699 Total unrestricted funds 22 1,968,372 1,670,699 Total funds 4,189,224 3, 830, 135 The Trustees acknowledge their responsibilities for complying with the requirements of the Act wth respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 24 September 2024 and signed on their behalf by= DotuSwJTrod by: 7C729C2F64 Dr Olushola Adeaga The notes on pages 17 to 45 forni part of these financial ststements. Page 12
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS (A Company Limited by Guarantee) REGISTERED NUMBER: 4047907 CHARITY BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2023 2022 2022 Note Fixed assets Tangible assets Investments Investment property 15 126,364 152, 122 17 16 2,650,000 2, 650,000 Fixed Assets Current assets 2,776,365 2, 802, 123 Debtors Cash at bank and in hand 19 1,043.562 1,154,636 1, 009,242 889,510 Current Assets 2,198.198 1, 898, 752 Creditors.. amounts falling due wthin one year 20 {563,352) {679,872) Net current assets 1,634,846 1,218,880 Total assets less current liabilities 4,411,211 4, 021,003 Net assets excluding pension asset 4,411,211 4, 021,003 Total net assets 4,411.211 4,021,003 Page13
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CHARITY BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2023 2023 2023 2022 2022 Note Charity funds Restricted funds.. Restricted funds 22 2,220,852 2, 159,436 Total restricted funds 22 2,220,852 2, 159,436 Unrestricted funds General funds 22 2,190,359 1,861,567 Total unrestricted funds 22 2,190,359 1,861,567 Total funds 4,411,211 4, 021,003 The Trustees a¢knoedge their responsibilities for complying Trmth the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance wth 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.. Y25E2Fl42" Dr Olushola Adeaga {Director) Date.. 24 September 2024 The notes on pages 17 to 45 forni part of these financial ststements. Page 14
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from operating activities Net cash used in operating activities 359,089 173, 245 Interest receivable 11.019 (65) Depreciation and impaimient of tangible fixed assets 44,875 50, 398 Decrease or (increase) in debtors 13,786) (66, 382) Increase or (decrease) in creditors (115,922 (129,314) Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 1,019 (19,117) 65 (61,878) Net cash used in investing activities (18,098) (61,813) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 265,139 (33,931) 924, 957 891,026 Cash and cash equivalents at the end of the year 1,156,165 891,026 The notes on pages 17 to 45 form part of these financial statements Page15
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from operating activities Net cash used in operating activities 390,208 206, 057 Interest receivable 11.019 (65) Depreciation and impaimient of tangible fixed assets 44,875 50, 398 Decrease or (increase) in debtors (34,320) (101, 620) Increase or (decrease) in creditors (116,521 (127,433) Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets 1,019 (19,117) 65 (61,878) Net cash used in investing activities (18,098) (61,813) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 265,126 (34,476) 923, 986 889,510 Cash and cash equivalents at the end of the year 1,154,636 889,510 The notes on pages 17 to 45 form part of these financial statements Page 16
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General inforniation 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 charty. The address of the registered office is given in the charity information page of these financial statements. The nature of the chariVs operations and principal activities are outlined in the trustees. report. 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 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 entty as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities= Statement of Recommended practi 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 Stsndard 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 concem 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 otheiSe stated. The Consolidated Statement of Financial Activits'es (SOFA) and Consolidated Balance Sheet consolidate the financial statements of the Charty 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 17
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 2.2 Consolidation The results of the charitys tholly owned subsidiary (New Dimensions Trading Limited) are consolidated on a line by line basis vrith 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 charty and its subsidiary have a unifomi reporting date and reporting period. Where necessary, appropriate adjustments are made to the subsidiary's financial ststements for differences in accounting policies as part of the consolidation process. The charity has taken advantage of the concession which allows tt to publish only a consolidated statement of financial activities rather than one for the charity alone. The charity had total income of £4,623,992 {2022= £4,328,901), totsl expenditure of £4,233,784 {2022= £4,122,844) and a surplus of £390,208 (2022.. £206,057) 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. Page18
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 2.3 Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entided to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income wll be received. For donations to be recognised the tharity wll have been nottfied of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of perfomiance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is wthin the control of the charity and it is probable that they wll be fulfilled. Income from trading activities includes income generated by the charity's trading subsidiary. Income is received in exchange for supplying goi)ds and services in order to raise funds and is recognised when entitlement has occurred. Income from govemment 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, tt 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 wth the Company's accounting policies. On receipt, donated professional ServIS 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 benefrt on the open market- a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relab'on to donations received under Gift Aid is recognised at the time of the donation. Page19
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 parbes, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the followng headings.. Costs of raising funds,. which includes the costs of the charity's trading subsidiary. Expenditure on charitable activities- vthich includes costs in furtherence of the charity's objects and costs to support those activities. Grants payable to third parties are wthin 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 expectstion that the recipient wll 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 direcdy attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the reSoUrs. Governance costs. Governance costs comprise the costs associated Vth the govemance arrangements of the charity and include audit fees. legal advice (if any) for trustees, costs associated wth constitutional and statutory requirements and any costs associated wth 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 °Total future minimum lease payments under non-cancellable operating leases are as follows=' Buildings 2023 2022 37.500 150.000 37,500 Cars 2023 2022 20,192 15,628 10,425 15,628 3.678 5,861 Photocopier 2023 2022 5.601 5.601 5,601 5,601 933 6.534 Less than 1 year More than 1 year less than 2 years More than 2 years less than 5 years Page 20
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 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. 2.7 Tangible fixed assets and depreciation Tangible fixed assets. with an individual purchase price of £2,000 or more, are ststed at cost less accumulated depreciation and accumulated impaimient losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Investments are recognised initially at fair value which is nomially the transaction price excluding transaction costs. Subsequently. they are measured at fair value vth changes recognised in 'net gains l (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 systemats'c basis over its expected useful lrfe as follows= Motor vehicles Fixtures and fittings Office equipment 25% Straight Line 200kn Reducing Balance 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 fomi of financial instrument and are initially recognised at their transaction cost and subsequendy 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 'Gainsl(Losses) on investments, in the Consolidated Statement of Financial Activities. Investments in subsidiaries are valued at cost less provision for impaimient. Page 21
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 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 Debtor5 Debtors no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 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 wthin 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 w711 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 instwments 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 SeiCe to the charity. short-temi employee benefits to which the employees are ented are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operate5 a defined contribution plan for the benefit of its employee5. Contribution5 are expensed as they become payable. Page 22
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (continued) 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 charty and which have not been designated for other purposes. Restricted funds are funds 1¢h are to be used in accordance 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. 2.17 Going Concem The consolidated financial statements have been prepared on a going concem 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 wth the level of reserves for the charity to be able to continue as a going concern. Page 23
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Donations Tithes 2,435,232 485.513 169,584 505,561 41.311 2,435,232 485,513 169,584 505,561 41,311 260,606 91,106 2.181 5,607 1,416 4,495 894 Offering Thanksgiving Gift Aid First Fruit Offerings The Altsr Donations Hubs Income- Greenwch Wisionlspecial Offerings The Shift Income 260,606 91,106 2.181 5,607 Building Donations Persecuted Church Donations 1,416 4,495 894 Re-lgnite Income French Church Income 46.885 30,224 523 46,885 30,224 523 Contribution towards Guest Ministers. Honoraria The NEW- Donations Pursuit of God Income 33.180 230 33.180 230 RUIC Income Other Ministry Income Kidz First Ministry- Income Christmas Lunch on Jesus 59,965 13.364 59,965 13.364 42,087 2,631 180 4,348 42,087 Women's Ministry Income Donations- Widows, Donations - Special Projects 2,631 180 4,348 Subtotal detailed disclosure 3,933,014 304,109 4,237,123 Totsl 2023 3,933,014 304,109 4,237,123 Page 24
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donations and legacies (continued) Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Donations Tithes 2,438,009 516,953 93,072 437,952 65, 784 67,489 2, 438,009 516,953 93,072 437, 952 65, 784 67,489 597 Offering Thanksgiving Gift Aid First Fruit Offerings Visionlspecial Offerings Building Donations French Church Income Contribution towards Guest Ministers. Honoraria 597 37,361 9,868 250 3T,361 9,868 250 The NEW- Donations Pursuit of God Income 36, 796 35 36, 796 35 RUIC Income Other Ministry Income Kidz First Ministry- Income Christmas Lunch on Jesus 58. 182 902 58, 182 902 44,079 44,079 3,058 2,451 17,041 1,914 Women's Ministry Income Donations- Widows, Donations - Special Projects Men's Ministry Income 3.058 2,451 17,041 1.914 Subtotal detailed disclosure 3,787,117 44,676 3, 831, 793 Total 2022 3.787,117 44,6T6 3,837, 793 Page 25
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incoming resources from charitable activities Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Charitable Activities Uncommon Woman Conference 29,380 29,380 64,952 170,589 23,324 11,259 32,084 27,467 23.234 2,000 240 Colindale Food Bank Donations Christmas Lunch on Jesus- Franchise Mandate Income- Donations 64,952 170,589 23,324 Colindale Food Bank - Grants 11.259 WelfarelAraunah Funds Tightknots Income Global Hands- Donations UK Prayer Shield Income Community Action - Projects Fundraising Muiltimedia Income 32,084 27,467 23.234 2,000 240 1,321 1,321 Total 2023 139.050 246.800 385,850 Unrestricted funds 2022 RestriGted funds 2022 Total funds 2022 Charitable Activities Uncommon Woman Conference Colindale Food Bank Donations Christmas Lunch on Jesus- Franchise Mandate Income- Donations 4,038 4,038 40,275 187,988 9, 696 44,851 71,365 26, 934 25, 548 10 40,275 187,988 9,696 Colindale Food Bank - Grants WelfarelAraunah Funds Tightknots Income Global Hands- Donations 44,851 71,365 26, 934 25,548 10 Community Action - Projects Fundraising Grants - Others 86,338 86, 338 Total 2022 411,917 85, 126 497, 043 Page 26
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from other trading activities Income from non charitable trading activities Unrestricted funds 2023 Total funds 2023 other trading activities 300 300 Unrestricted funds 2022 Total funds 2022 Other trading activities 250 250 Investment income Unrestricted funds 2023 Total funds 2023 Bank Interest 1,019 1,019 Unrestncted funds 2022 Total funds 2022 Bank Interest 65 65 Page 27
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charitable activities Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Expenditure on Charitable Activities The Altar Expenditure Guest Ministers HoSpitaltyraVel Expenses Guest Ministers Honorarium Professional Subscriptions Special Events - Watchnight Service Christmas Activities UK Prayer Shield Expenses Community Action Expenses Charitable Grants (See Note 9) Christmas Lunch on Jesus Expenses Women's Ministry Expenses French Church Expenses Global Hands Expenses Hospitality Expenses Kidz First Ministry Expenses Marketing and Communications Expenses Mandate Expenses Team JH Expenses Men's Ministry Expenses Wages and Salaries - Ministry Staff Other Event Expenses Other Ministry ExpenseslPastoral Care Ministry Travel Personal and Spiritual Development Tightknots Marriage Ministry Expenses Welfare Expenses Multimedia Expenses Music Ministry Expenses Reignite Expenses Connect Group Expenses Greenwich Hub Expenses Support Costs (Note 8) 228,458 228,458 8,489 56,386 3,126 23.211 19,701 12,466 42.214 117,399 234,914 53,907 30,432 118,781 7,878 17,732 33.844 11,366 4,653 2.029 1,167,651 44,711 31,161 19,450 20.748 52,330 57,836 12.271 4,668 3,924 1,423 50,922 1,719,084 8,489 56,386 3,126 23.211 19,701 12,466 16.838 117,399 25,376 234,914 53,907 30,432 118.781 7,878 17,732 33.8 11,366 4,653 2.029 1,167,651 44,711 31,161 19,450 20.748 52,330 57,836 12.271 4,668 3,924 1,423 50,922 1.718.339 745 Total 2023 3,723,672 489,493 4,213,165 Page 28
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted runds 2022 RestriGted runds 2022 Total runds 2022 Expenditure on Charitable Activities (continued) Pursuit of God Expenditure Guest Ministers HoSpitaltyraVel Expenses Guest Ministers Honorarium 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 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 1T,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 Professional Subscriptions Special Events - Watchnight SeNi Pastoral Care Expenses Christmas Activities UK Prayer Shield Expenses Community Action Expenses Charitable Grants (See Note 9) Christmas Lunch on Jesus Expenses Women's Ministry Expenses French Church Expenses Global Hands Expenses Hospitality Expenses Kidz First Ministry Expenses Marketing and Communication Expenses Mandate 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 (See Note 8) 7.336 1,864,597 931 1, 865, 528 Total 2022 4,096, 783 8,267 4, 105, 050 Page 29
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Support Costs Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Support Costs Rent Expenses Equipment Hire Heat, Light and Water Telephone Design and Printing Expenses Professional Fees and Services Insurance 186,250 20,187 84,081 53,308 3.650 10,008 51,627 29.582 6,925 186,250 20,187 84,081 53,308 3,650 10,008 51,627 29.582 6,925 Bank Charges and Interest Training Costs Ministry Travel Audit Fees 12,300 3,722 127.316 2,289 44,130 238.228 4,943 100,434 4.581 2,491 24,199 8,865 699,223 12,300 3,722 127,316 2,289 44,875 238,228 4,943 100,434 4.581 2,491 24,199 8,865 699,223 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 745 Total 2023 1,718,339 745 1,719,084 Page 30
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2022 RestriGted funds 2022 Total funds 2022 Support Costs (continued) Rent Expenses Equipment Hire Heat, Light and Water Telephone Design and Printing Expenses Professional Fees and Services Insurance 161,645 18,858 56, 192 47, 762 2,545 4.270 33,345 27,621 14,249 40,387 13,680 221 161,645 18,858 56,192 47,762 2,545 4,270 33, 345 27,621 14,249 40, 387 13,680 227 Bank Charges and Interest Training Costs Ministry Travel Audit Fees Staff Expenses Contractor's Fees and Services 131,935 3.058 49,467 226,248 4.879 111,834 5, 102 33, 605 5,081 872,018 595 131,935 3,058 50, 398 226, 248 4,8T9 111,834 5, 102 33, 605 5,081 872,018 595 Church Office Expenses Depreciation Facilities Expenses Human Resources Expenses Information and Technology Expenses Member Services Expenses Other Support Costs Personal and Spiritual Development Wages and Salaries - Administrative Staff Bad Debts 931 Total 2022 1,864,597 937 1, 865, 528 Page 31
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable Grants Unrestricted funds 2023 Total funds 2023 Charitable Grants World Evangelism Mission Grants RCCG Central Office RCCG Builderfs House Open Doors Christian Voi 40,000 30,000 18,000 7,800 1.750 2,500 2,500 2,500 1,000 4,800 1,549 5,000 40,000 30,000 18,000 7,800 1,750 2,500 2,500 2.500 1,000 4,800 1,549 5,000 NAYBA Newness of Life Centre Hope UK House of Wells Good Shepherd's Home SOS DRC RCCG Congress Total 2023 117,399 117,399 Unrestncted funds 2022 Total funds 2022 Charitable Grants World Evangelism Mission Grants RCCG Central Office RCCG Builderfs House 355, L0 30, 000 18,000 1,500 2,500 355, 000 30, 000 18,000 1,500 2, 500 Peace Alliance NAYBA Princes Park Youth Football Club Wintershall 2,500 842 2, 500 842 HOPE UK HMP Bronzefield 500 Good Shepherd Home 4.800 4,800 Total 2022 416,142 416,142 Page 32
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 10. Analysis of expenditure by activities Activities undertaken directly 2023 Support osts 2023 Total funds 2023 Expenditure 2,494,081 1,719,084 4,213.165 AGtnlitS undertaken directly 2022 Support costs 2022 Total funds 2022 Expenditure 2,279, 909 1,825, 141 4, 105, 050 11. Auditors, remuneration 2023 2022 Fees payable to the Charity's auditor for the audit of the Charity's annual accounts 12,300 13,680 12. Stsff costs Group 2023 Group 2022 Charity 2023 Charty 2022 Stsff Costs Wages and salaries Social security costs Contribution to defined contribLrtion pension schemes 1,637,072 159,455 1, 626,464 165, 655 1,637,072 159.455 1,626,464 165, 655 70,346 71,439 70,346 71,439 Total Staff Costs 1,866,873 1,863, 558 1,866,873 1, 863, 558 Page 33
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Staff costs (continued) The average number of persons employed by the Charity during the year was as follows.. Group 2023 Group 2022 Charity 2023 Charily 2022 Average Head Count 62 70 62 70 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. Group 2023 Group 2022 Higher paid staff - number of staff receiving employee benefits. excluding pension, between: In the band £60,001- £70,000 In the band £70,001- £80,000 In the band £100.001- £110,000 In the band £110,001- £120,000 In the band £120.001- £130,000 During the year under review the charity's trustees and key management personnel received employee benefits totalling £266,956 (2022.. £269,355) consisting of salary of £223,027 12022.. £223,819), employer's national insurance contributions of £28,317 (2022.. £29,869) and pension benefits of £15,612 12022.. £15,667}. At the balance sheet date £77.500 (2022.. £81,000) was receivable from the key management personnel in respect of staff loans. The wfe of a member of the charity's key management personnel received employee benefits of £72,170{2022= £73,931) made up of salary £60,782 (2022. £61.930), national insurance contributions of £7,13312022'. £7.6661 and pension contributions £4.25512022.' £4.3351. Page 34
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. 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. 2023 2022 Dr Olushola Adeaga Remuneration Pension contributions paid National insurance contributions 102.955 7,207 103, 033 7,212 13,002 13,685 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 £70,346 (2022: £71,439). 14. Taxation 2023 2022 Corporation tax Current tax on net income for the year 20,619 17,795 Taxation on net income 20,619 17,795 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 250A (2022 - 19%). There are no factors considered likely to affect future tax charges. Page 35
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Tangible fixed assets Group and Charity Church and Office equipment Motor Fixtures and vehicles fittings Total Cost or valuation At 1 January 2023 Additions 208,056 258,348 991,170 19,117 1,457,574 19.117 At 31 December 2023 208,056 258,348 1,010,287 1,476,691 Depreciation At 1 January 2023 Charge for the year 181,061 8,999 254,627 745 869,764 35,131 1,305,452 44,875 At 31 December 2023 190.060 255,372 904,895 1,350.327 Net book value At 31 December 2023 17,996 2,976 105,392 126,364 At 31 December 2022 26,995 3,721 121,406 152, 122 Page 36
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Investment property Group Long term leasehold investment property Valuation At 1 January 2023 2,650.000 At 31 December 2023 2,650,000 Charity Long term leasehold investment property Valuation At 1 January 2023 2,650.000 At 31 December 2023 2,650,000 The property was valued as at 31 December 2018 at current market value by WAB & Associates chartered surveyors. Page 37
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Fixed asset investments Investments in subsidiary companies Charity Cost or valuation At 1 January 2023 At 31 December 2023 Principal subsidiaries The followng was a subsidiary undertaking of the Charity: Name Company number Registered office or principal Principal activity place of business New Dimensions Trading Ltd 07479350 112 Brent Terrace, Brent Cross, Sale of books, London. NW2 1LT refreshments and hire of event space. Class of shares Holding Included in consolidation Ordinary 1 OOOA Yes The financial results of the subsidiary for the year Yre= Name Income Expenditure ProfiU(Loss) I Surplusl {Deficit) for the year Net assets New Dimensions Trading Ltd 300 31,419 131,119 (221,987 Page 38
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Stocks Group 2023 Group 2022 Finished goods and goods for resale 30,848 30, 848 19. Debtors Group 2023 Gmup 2022 Charity 2023 Charity 2022 Due within one year Trade debtors Amount owed by subsidiary Other debtors Prepayments and accrued income 7,727 7. 727 270,907 139,289 633,366 234, 254 134, 712 640, 276 142,142 646,112 137,615 646,853 795,981 792, 195 1,043,562 1, 009,242 20. Creditors: Amounts falling due within one year Group 2023 Group 2022 Charity 2023 Charty 2022 Creditors Trade creditors 300,710 118,888 62,755 87,781 285,945 112. 704 139, 709 147,698 300,134 118,888 60,181 84,149 284, 988 112, 704 138, 114 144, 066 Other taxation and social security Other creditors Accruals and deferred income Creditors 570,134 686, 056 563,352 679,872 Page 39
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Financial instruments Group 2023 Group 2022 Charity 2023 Charty 2022 Financial Assets Measured at fair value through net incomel{expenditure).' Fixed Assets Investments 2,650,000 2, 650,000 2,650,000 2, 650,000 Investment in Subsidiary Debt instruments measured at amorbsed cost.. Trade Debtors 7,727 7,727 2,657,727 2, 657, 727 2,650,001 2, 650, 001 Group 2023 Group 2022 Charity 2023 Charity 2022 Financial liabilities Measured at amortised cost.. Trade Creditors 300,710 285, 945 300,134 284, 988 Page 40
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Statement of funds Statement of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure Unrestricted funds General Funds - all funds New Dimensions Trading 1,861,567 {190,868) 4,073,083 {3,744,291 300 (31,419) 2,190,359 (221,987} 1,670,699 4,073,383 {3,775,710 1,968,372 Restricted funds Restricted Funds - all funds 2,159,436 550,909 (489,493 2,220,852 Total of funds 3.830.135 4.624.292 14.265.203I 4.189.224 Page 41
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Statement of funds Icontinued) Statement of funds - prior year Balance at 31 December 2022 Balance at 1 January 2022 Transfers in/out Income Expenditure Unrestricted funds General Funds - all funds New Dimensions Trading 1,696,376 (158,057) 4,243, 775 (4, 114,578) 250 (33,061) 35, 994 1,861,567 (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 Page 42
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 23. Restricted funds: India Fund.. The India Fund was established in order to support social responsibility initiatives in India. Uganda Fund.. The Uganda Fund VRS 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. 24. Summary of funds Summary of funds - current year Balance at 31 December 2023 Balance at 1 January 2023 Income Expenditure General funds 1,670,699 2,159,436 4,073,383 550,909 {3,775,710 (489,493 1,968,372 2,220,852 Restricted funds 3,830,135 4,624.292 14,265.2031 4,189,224 Summary of funds- prior year Balance at 31 December 2022 Balance at 1 January 2022 Transfers in/out Income Expenditure General funds Restricted funds 1,538,319 2. 118.571 4,244,025 85. 126 (4, 147, 639) (8,267) 35,994 1, 670, 699 (35, 994) 2, 159,436 3.656,890 4,329, 151 (4, 155, 906) 3, 830, 135 Page 43
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 25. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Investment property Current assets Creditors due wthin one year {2,094,4881 2.220.852 2,650,000 1.982,994 (570.1341 126.364 2,650,000 1,982,994 (570,134 Total 1.968.372 2,220,852 4,189,224 Analysis of net assets between funds - prior year Unrestricted runds 2022 Restncted runds 2022 Total runds 2022 Tangible fixed assets Investment property Current assets Creditors due wthin one year 152, 122 535, 966 1. 632, 673 (686,056) 152, 122 2, 650,000 1, 714,069 (686,056) 2, 114,034 81,396 Total 1, 634, T05 2, 195,430 3, 830, 135 26. Reconciliation of net movement in funds to net cash flow from operating activities Group 2023 Group 2022 Charity 2023 Charity 2022 Net income for the year (as per Statement of Financial Activities) 359,089 173,245 390,208 206, 056 Adjustments for: Net cash provided by operating activities 359,089 173,245 390,208 206, 056 Page 44
Docusign Envelope ID". DFOE82F7-F65F41Et>85F1-2F29E16E0716 JESUS HOUSE FOR ALL NATIONS {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 27. Analysis of cash and cash equivalents Group 2023 Group 2022 Charity 2023 Charty 2022 Cash in hand 1,156,165 891,026 1,154,636 889,510 Total cash and cash equivalents 1,156.165 891,026 1.154.636 889,510 28. Analysis of changes in net debt At1 January 2023 Cash flows At31 December 2023 Cash at bank and in hand 891,026 265,139 1,156,165 891.026 265.139 1,156.165 29. Related Parties At the balance sheet date Jesus House was owed £270,907 by New Dimensions Trading Limited {2022.' £234,254). 30. Pension commitments The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. Page 45