2021-06-30-accounts - Dominion House International

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Dominion House International

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

CHARITY NO: 1098301

Dominion House International

Financial Statements for the Year Ended 30 June 2021

Contents	Page
Legal and Adminstrative Information	1
Report of the Trustees	2
Independent Examiner's Reprot	4
Statement of Financial Activities	5
Balance Sheet	6
Notes forming part of the financial statements	7

Dominion House International Financial Statements for the Year Ended 30 June 2021

REFRENCE AND ADMINISTRATIVE DETAILS

Charity Name:	Dominion House International
Charity Registration Number:	1098301
Registered Office and
Operational Address:	280 Brigstock Road
	Thornton Heath, Croydon
	CR7 7JE
Trustees:	Pastor Solomon Bamidele
	Pastor Adebowale Elijah Tomomewo
	Mr David Phillips
Accountants:	TPC Consult (UK) Ltd
	Interchange House 1st Floor
	81 - 85 Station Road
	Croydon
	CR0 2RD
Bankers:	Lloyds Bank London

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Dominion House International Financial Statements for the Year Ended 30 June 2021

REPORT OF THE TRUSTEES

The Trustees, are pleased to present the annual report, for the purpose of Charities Act 2011, together with the Accounts for the period ended 30 June 2021. The Trustees have adopted the provisions of the Statement of Recommended practice “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual reports and financial statements of the charity.

STRUCTURE GOVERNANCE AND MANAGEMENT

Dominion House International is a Charity, registered with Charity Commission with a trust deed adopted on the 21 September 2002.

It is governed by its Trust Deed and is managed by a Board of Trustees. Decisions are determined by simple majority vote by the Trustees who set the strategic direction of the charity. Delegated authority has been given to the Pastoral Board and Management team for the day to day running of the operation of the charity.

Trustees are selected on the basis of the contribution that they will make towards the governance of the charity and the skills that they will contribute.

OBJECTIVES AND ACTIVITIES

The Charity’s object is:

To further the Christian religion

STRATEGIES

The Charity’s strategies for achieving these objectives were through key activities of providing a place of worship (Church) located at Thornton Heath, Croydon, Community projects and welfare activities like, breakfast morning, a project that feeds the Homeless and needy in the community. Christian counselling . and educational activities

ACHIEVEMENTS AND PERFORMANE OF THE PUBLIC BENEFIT

In 2019 with over 40 volunteers who support the work of the charity and make invaluable contributions through various departments:

Prayer group
Men and Women ministries
Evangelism and followup department
Youth and Children Church
Music and Media departments
Counselling department
Drama department
Community outrreaches like feeding the needy and Homeless every Sunday
Sunday School department
Pastoral team
Elders ministry
Ushering and Admin department

RISK MANAGEMENT

The Trustees have conducted a review of the major risk which the charity is exposed. A risk register is established which identifies the major risks by type of activity, the nature of those risks, the likelihood of the risks occurring and the measure taken to manage them. The Trustees review the risk register from time to time during their meetings and are satisfied that systems are in place to manage identified risks. In particular, insurance cover is in place. Appropriate Disclosure and Barring Checks (DBS) supported by regularly reviewed policies are in place for those who work with children and vulnerable adults. Internal control risk are minimised by procedure which are in place to ensure authorisation of all transactions and projects. Procedures are in place to ensure the Health and safety of staff, volunteers, and visitors to the charity.

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Dominion House International Financial Statements for the Year Ended 30 June 2021

REPORT OF THE TRUSTEES

FINANCIAL REVIEW

As at 30 June 2021 the total incoming resources was £86,557.00 in unrestricted fund and the total outgoings was £120,965.00 leaving a deficit of £34,408.00. The Trustees consider the need for the charity to hold reserve (unrestricted fund, and not represented by fixed asset) equivalent to 3 months expenditure in order to ensure the ongoing delivery of its charitable objects during time of unforeseen down turn in income. The Trustees acknowledge that in the year under review the charity was able to meet this need and that the charity should aim to improve and look at other sources to generate income to continue to meet its need.

PLANS FOR FUTURE PERIOD

Notwithstanding the challenges that the covid-19 pandemic has caused, and the ongoing adjustments that follows, the Charity continues to explore ways of furthering its charitable objects in an effective manner. This is done by ensuring there is awareness of its services and proactively seeking opportunities to be more involved in the. community. The charity endeavour to provide services that meet the needs of the public and contribute positively in the moral and spiritual climate of our community. These reflect its Christian ethos and belief.

TRUSTEES’ RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with appropriate accounting standards. (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and applications of resources for the financial year. In preparing those financial statements the Trustees should follow best practice and:

Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on the ongoing basis unless it is inappropriate to presume that
the charity will continue on that basis.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with 2011 Charity Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

MEMBERS OF THE BOARD OF TRUSTEES

Members of the Board of Trustees who served during the year and up to the date of this report, are set out on page 1.

In accordance with charity law, as trustees, we certify that:

So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.

Approval

This report was approved by the board of Trustees and signed on their behalf by:

Mr David Phillips Position: Trustee Date: 2nd November 2021

Page 3

Dominion House International Financial Statements for the Year Ended 30 June 2021

INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the Trustees of Dominion House International.

I report on the accounts of the above Charity for the year ended 30 June 2021 set out on pages 5 to11.

Respective responsibilities of trustees and independent examiner

The Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general Direction given by the Charity commission
(under section 145(5)(b) of the 2011 Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion . is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material respect the requirements
To keep accounting records in accordance with section 130 of the 2011 Act; and
To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
To which in our opinion, attention should be drawn in order to enable a proper understanding of

the accounts to be reached.

Signed:

Date: 2nd November 2021

C. John-Musa FFA FIPA TPC Consult (UK) Ltd Interchange House 1st Floor 81- 85 Station Road Croydon CR0 2RD

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Dominion House International Financial Statements for the Year Ended 30 June 2021

STATEMENT OF FINANCIAL ACTIVITIES

Notes Incoming resources Incoming resources from generated funds: Voluntary Income: Donations and Offerings 2 Activities for generating funds: Investment income Total incoming resources Resources expended *Cost of generating funds* Costs of generating voluntary income 3 Charity activities 4 Governance and other cost 5 Total resources expended Net income / expenditure before other 6 recognised gains or (losses) Other recorgnised gains or (losses) Net movement in funds Reconciliation of Funds Transfer between funds Total funds brought forward 14 Total funds carried forward 14	2021 2020 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 86,557 - 86,557 126,106 - - - 1
	86,557 - 86,557 126,107
	16,385 - 16,385 - 41,861 - 41,861 93,978 62,719 - 62,719 760 -
	120,965 - 120,965 94,738
	34,408 - - 34,408 - 31,369 - - - -
	34,408 - - 34,408 - 31,369 879,128 - 879,128 847,759
	844,720 - 844,720 879,128

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on Pages 7 to 11 form part of these Accounts.

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Dominion House International Financial Statements for the Year Ended 30 June 2021

BALANCE SHEET AS AT 30 JUNE 2021

Notes Fixed assets Tangible assets 9 Currents assets Cash at bank and in hand 10 Debtors 11 Creditors: Amounts falling due within one year 12 Net Current Assets Creditors: Amount falling due after one year 13 Net Assets Funded by: General funds 14 Total funds	Unrestricted Restricted 2021 2020 £ £ £ £ 1,060,141 - 1,060,141 1,105,661 28,501 - 28,501 28,728 - - - -
	28,501 - 28,501 28,728 26,628 - 26,628 26,748
	1,873 - 1,873 1,980 217,294 - 217,294 228,513
	844,720 - 844,720 879,128
	844,720 - 844,720 879,128
	844,720 - 844,720 879,128

We approve the Financial Information which comprises the Statement of Financial Activities, the Balance Sheet and the related Notes.

We acknowledge our responsibility for the Financial Information including the appropriation of the applicable Financial Reporting framework as set out in the Notes.

Signed: Mr David Phillips 2nd November 2021 Position: Trustee Date of Approval

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Dominion House International Financial Statements for the Year Ended 30 June 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(a) Basis of Accounting

The financial statements have been prepared under the historical cost convention, and in accordance with the Statement of Recommended Practice, Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102).

(b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds may include a revaluation reserve representing the restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

(c ) Incoming Resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified The value of services provided by volunteers has not been included in these accounts.

Invested income is included when receivable.

Incoming resources from charitable trading activity are accounted for when earned.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

(d) Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage.

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Dominion House International Financial Statements for the Year Ended 30 June 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

e. Tangible Fixed Assets and Depreciation

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1000 are not capitalised.

Depreciation

Depreciation is calculated at rates provided below on a reducing balance basis:

Land and Building 4% on cost Musical Equipment 20% on cost

Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.

2. Voluntary Income Tithes & Offering Thanksgiving Gift Aid Investment Other income Resources Expended 3. Cost of generating voluntary income Venue Hire Utilities Equipment Accessories Insurance Internet Telephone Printing and Stationary Repairs and Maintenance Sundry Other 4. Charitable Activities Gifts and Donation Training and Books Honorarium Travel and Subsistence Welfare Conference and Events Ministry Expenses Pastorate Music & Media Feeding the Needy Project	Unrestricted Restricted 2021 2020 Total Total £ £ £ £ 72,235 - 72,235 86,688 - - - - 14,322 - 14,322 39,418 - - - 1 - - - -
	86,557 - 86,557 126,107
	Unrestricted Restricted 2021 2020 £ £ £ £ - - - - 2,054 - 2,054 2,723 588 - 588 - 1,527 - 1,527 1,474 - - - - 599 - 599 192 40 - 40 725 4,618 - 4,618 7,513 251 - 251 800 6,709 - 6,709 2,457
	16,385 - 16,385 15,884
	Unrestricted Restricted 2021 2020 £ £ £ £ 6,867 - 6,867 - - - - - 1,740 - 1,740 6,350 - - - 2,321 900 - 900 2,160 1,384 - 1,384 3,562 - - - 13,484 24,000 - 24,000 24,000 6,570 - 6,570 7,575 400 - 400 196
	41,861 - 41,861 59,648

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Dominion House International Financial Statements for the Year Ended 30 June 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

5. Governance Cost:

Unrestricted Restricted 2021 2020 £ £ £ £ 600 - 600 760 1,670 - 1,670 2,456	Unrestricted Restricted 2021 2020 £ £ £ £ 600 - 600 760 1,670 - 1,670 2,456	Unrestricted Restricted 2021 2020 £ £ £ £ 600 - 600 760 1,670 - 1,670 2,456
2,270	- 2,270 3,216
Unrestricted 976 141 44,000 403	Restricted 2021 2020 - 976 976 - 141 35 - 44,000 - - 403 403
45,520	- 45,520	1,414
14,769 161	- 14,769 - 161	13,998 578
14,930	- 14,930	14,576

120,965	- 120,965	94,738
	2021 £ 45,520 600 2021 - -	2020 £ 1,414 760
		2020 - -

8. Taxation

As a charity, Dominion House International is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.

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Dominion House International Financial Statements for the Year Ended 30 June 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

9. Tangible Fixed Assets

Office Musical Land & Vehicle Total EquipmenEquipment Building £ £ £ COST At 1 July 2020 16,166 843 1,100,000 7,700 1,124,709 Additions in period - - - - - At 30 June 2021 16,166 843 1,100,000 7,700 1,124,709 DEPRECIATION At 1 July 2020 12,262 702 - 6,084 19,048 Charge in period 976 141 44,000 403 45,520 At 30 June 2021 13,238 843 44,000 6,487 64,568 NET BOOK VALUE At 30 June 2021 2,928 - 1,056,000 1,213 1,060,141 NET BOOK VALUE At 30 June 2020 3,904 141 1,100,000 1,616 1,105,661 10. Cash at Bank and at hand 2021 2020 £ £ £ £ Cash at bank 28,501 - 28,501 28,728 28,501 - 28,501 28,728 11. Debtors: Amounts falling due within one year 2021 2020 £ £ £ £ Debtors - - - - - - - -	Office Musical Land & Vehicle Total EquipmenEquipment Building £ £ £ 16,166 843 1,100,000 7,700 1,124,709 - - - - -	Office Musical Land & Vehicle Total EquipmenEquipment Building £ £ £ 16,166 843 1,100,000 7,700 1,124,709 - - - - -
	16,166	843 1,100,000 7,700 1,124,709
	12,262 976	702 - 6,084 19,048 141 44,000 403 45,520
	13,238	843 44,000 6,487 64,568
	2,928	- 1,056,000 1,213 1,060,141
	3,904	141 1,100,000 1,616 1,105,661
		2021 2020 £ £ £ £ 28,501 - 28,501 28,728
		28,501 - 28,501 28,728
		2021 2020 £ £ £ £ - - - -
		- - - -

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Dominion House International Financial Statements for the Year Ended 30 June 2021

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

12. Creditors: Amounts falling due within one year

Accruals Mortgage Loan 13. Creditors: Amount falling due after one year Mortgage Loan 14. Movements in Funds Unrestricted Funds: General Funds Restricted Funds Total Funds	2021 2020 £ £ 640 760 25,988 25,988 - - 26,628 26,748 2021 2020 £ £ 217,294 228,513 - - 217,294 228,513 At 1st At 30 July Movement Transfers June 2020 in Fund 2021 £ £ £ £ 879,128 34,408 - - 844,720 - - - -	2021 2020 £ £ 640 760 25,988 25,988 - -
		26,628 26,748
		2021 2020 £ £ 217,294 228,513 - -
		217,294 228,513
	879,128 34,408 - - 844,720

15. Trustees Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 30 June 2021 nor for the year ended 30 June 2020.

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