REGISTERED CHARITY NUMBER: 1099134
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
FOR
HOUSE OF HOPE FOR ALL NATIONS
Appiatse & Associates Chartered Certified Accountants
191 Waltham Way Chingford London E4 8AG
HOUSE OF HOPE FOR ALL NATIONS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
HOUSE OF HOPE FOR ALL NATIONS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2023
The trustees present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1099134
Principal address
27 Amigo House Morley Street London SE1 7QE
Trustees
F B Braise Koutonin (appointed 29.4.24) Ms W B Etienne (appointed 12.12.23) D Rabe Babo (appointed 12.12.23) Z G Okoubi
Independent Examiner
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
Approved by order of the board of trustees on 20 June 2024 and signed on its behalf by:
F B Braise Koutonin - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOUSE OF HOPE FOR ALL NATIONS
Independent examiner's report to the trustees of House of Hope for All Nations
I report to the charity trustees on my examination of the accounts of House of Hope for All Nations (the Trust) for the year ended 30 April 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ekow Appiatse
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
20 June 2024
Page 2
HOUSE OF HOPE FOR ALL NATIONS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
| 30.4.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 91,116 EXPENDITURE ON Charitable activities Wages 7,200 Evangelism 66,247 Other 16,321 Total 89,768 NET INCOME 1,348 RECONCILIATION OF FUNDS Total funds brought forward 8,607 TOTAL FUNDS CARRIED FORWARD 9,955 |
30.4.22 Total funds £ 149,810 |
|---|---|
| 5,400 89,250 50,973 |
|
| 145,623 | |
| 4,187 4,420 |
|
| 8,607 |
The notes form part of these financial statements
Page 3
HOUSE OF HOPE FOR ALL NATIONS
BALANCE SHEET
30 APRIL 2023
| 30.4.23 | 30.4.22 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 4 | 2 | 2 |
| CURRENT ASSETS | |||
| Debtors | 5 | 4,952 | 7,350 |
| Cash at bank | 6,601 | 1,255 | |
| 11,553 | 8,605 | ||
| CREDITORS | |||
| Amounts falling due within one year | 6 | (1,600) | - |
| NET CURRENT ASSETS | 9,953 | 8,605 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 9,955 | 8,607 | |
| NET ASSETS | 9,955 | 8,607 | |
| FUNDS | 7 | ||
| Unrestricted funds | 9,955 | 8,607 | |
| TOTAL FUNDS | 9,955 | 8,607 |
The financial statements were approved by the Board of Trustees and authorised for issue on 20 June 2024 and were signed on its behalf by:
F B Braise Koutonin - Trustee
The notes form part of these financial statements
Page 4
HOUSE OF HOPE FOR ALL NATIONS
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 5
continued...
HOUSE OF HOPE FOR ALL NATIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 149,810 |
| EXPENDITURE ON | |
| Charitable activities | |
| Wages | 5,400 |
| Evangelism | 89,250 |
| Other | 50,973 |
| Total | 145,623 |
| NET INCOME | 4,187 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 4,420 |
| TOTAL FUNDS CARRIED FORWARD | 8,607 |
Page 6
continued...
HOUSE OF HOPE FOR ALL NATIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
4. TANGIBLE FIXED ASSETS
| Plant and | ||||
|---|---|---|---|---|
| machinery | ||||
| £ | ||||
| COST | ||||
| At 1 May 2022 and 30 April 2023 | 33,523 | |||
| DEPRECIATION | ||||
| At 1 May 2022 and 30 April 2023 | 33,521 | |||
| NET BOOK VALUE | ||||
| At 30 April 2023 | 2 | |||
| At 30 April 2022 | 2 | |||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.4.23 | 30.4.22 | |||
| £ | £ | |||
| Other debtors | 4,952 | 7,350 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 30.4.23 | 30.4.22 | |||
| £ | £ | |||
| Other creditors | 1,600 | - | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.5.22 | in funds | 30.4.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 8,607 | 1,348 | 9,955 | |
| TOTAL FUNDS | 8,607 | 1,348 | 9,955 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 91,116 | (89,768) | 1,348 | |
| TOTAL FUNDS | 91,116 | (89,768) | 1,348 |
continued...
Page 7
HOUSE OF HOPE FOR ALL NATIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
7. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.5.21 £ Unrestricted funds General fund 4,420 TOTAL FUNDS 4,420 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 149,810 TOTAL FUNDS 149,810 A current year 12 months and prior year 12 months combined position is as follows: At 1.5.21 £ Unrestricted funds General fund 4,420 TOTAL FUNDS 4,420 |
Net movement At in funds 30.4.22 £ £ 4,187 8,607 4,187 8,607 Resources Movement expended in funds £ £ (145,623) 4,187 (145,623) 4,187 Net movement At in funds 30.4.23 £ £ 5,535 9,955 5,535 9,955 |
Net movement At in funds 30.4.22 £ £ 4,187 8,607 4,187 8,607 Resources Movement expended in funds £ £ (145,623) 4,187 (145,623) 4,187 Net movement At in funds 30.4.23 £ £ 5,535 9,955 5,535 9,955 |
Net movement At in funds 30.4.22 £ £ 4,187 8,607 4,187 8,607 Resources Movement expended in funds £ £ (145,623) 4,187 (145,623) 4,187 Net movement At in funds 30.4.23 £ £ 5,535 9,955 5,535 9,955 |
|---|---|---|---|
| 4,187 | |||
| At 30.4.23 £ 9,955 9,955 |
|||
| 9,955 |
continued...
Page 8
HOUSE OF HOPE FOR ALL NATIONS
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2023
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 240,926 | (235,391) | 5,535 |
| TOTAL FUNDS | 240,926 | (235,391) | 5,535 |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2023.
Page 9
HOUSE OF HOPE FOR ALL NATIONS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2023
| 30.4.23 | 30.4.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 69,462 | 105,000 |
| Gift aid | 21,654 | 44,810 |
| 91,116 | 149,810 | |
| Total incoming resources | 91,116 | 149,810 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 7,200 | 5,400 |
| Evangelism | 11,860 | 34,845 |
| Events, activities and music | 50,472 | 45,800 |
| Donations and subscriptions | 3,915 | 8,605 |
| 73,447 | 94,650 | |
| Support costs | ||
| Management | ||
| Rent and services | 12,313 | 30,484 |
| Insurance | 227 | 606 |
| Light and heat | 420 | 4,006 |
| Printing, postage & stationery | 348 | 5,225 |
| Sundries | 82 | 555 |
| Hospitality | 245 | 1,801 |
| Repairs and maintenance | 160 | 1,824 |
| Travel and transportation | 96 | 4,452 |
| 13,891 | 48,953 | |
| Finance | ||
| Bank charges | 830 | - |
| Governance costs | ||
| Accountancy and legal fees | 1,600 | 2,020 |
| Total resources expended | 89,768 | 145,623 |
| Net income | 1,348 | 4,187 |
This page does not form part of the statutory financial statements
Page 10