Charity Registration Number : 1105462
HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES Report and Financial Statements
for the year ended 31 March 2021
HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Legal and administrative information
Trustees
Rev. Kwame Twum-Boateng Edward Mensah Richard Nartey
Charity Number 1105462
Principal Location
Salem House Lady Lane Coventry CV6 6AZ
Accountants
M A White & Co. 2 Queen Victoria Road Coventry CV1 3JH
HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Contents
| Trustees Annual Report | 1 |
|---|---|
| Report of the Independent Examiner | 2 |
| Statement of fnancial activities | 3 |
| Balance Sheet | 4 |
| Notes to the fnancial statements | 5-8 |
HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Report of the Trustees for the year ended 31 March 2021
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 March 2021.
Activities of the charity for the year
The charity continued to impact on the community through its programmes. Some of the main activities geared towards its public benefit objectives are:
1) Operating community and church activities out of premises it now owns in Lady Lane, Longford. Plans are in preparation for the repair and refurbishment of this historic former Baptist Chapel over the next couple of years, so that it better serves the local community.
2) The church has been running an over 50s singing and luncheon club for the local residents of Longford and further afield.
3) House of Empowerment has operated a community Christian bookshop. Although it has not traded this year, it is intended to re-open soon.
4) We continue to support charities with regular donations.
Review of Financial Position
Please refer to the annexed accounts for the details of the Financial Statements for the period ended 31 March 2020.
Trustees Responsibilities in Relation to the Financial Statements
The Charities Act requires the Trustees to prepare statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period in preparing these financial statements, the trustees are requested to:
a) Select suitable accounting policies and then apply them consistently
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b) Make judgements and estimates that are reasonable and prudent
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c) State whether applicable accounting standards and statements of recommended practice have
been followed, subject to any departures disclosed and explained in the financial statements.
d) Prepared the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature : ________
Name : _________
Date : _________
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Independent Examiner’s Report to the Trustees of
House of Empowerment International Ministries
I report on the accounts of the Trust for the year ended 31 March 2021 which are set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the reparation to the accounts. The charity’s trustees consider that an audit is not required for this year (under section 433(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. it is my responsibility to :
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examine the accounts (under section 43(3)(a) of the 1993 Act)
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to follow the procedures laid down in the General Directions given by the Charity Commissioners
(under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the charity Commissioners. 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 explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do no express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention. (1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the 1993 Act, and
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to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the 1993 Act have to been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
M A White & Co. Accountants
2 Queen Victoria Road Coventry CV1 3JH
9 December 2021
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Statement of Financial Activities
for the year ended 31 March 2021
| Total | Total | ||||
|---|---|---|---|---|---|
| UnrestrictedRestrictedFunds Funds |
|||||
| Incoming Resources | Funds **Funds ** |
31.03.21 31.03.20 | |||
| £ | £ | £ | £ | ||
| Incoming resources from generated funds | : | ||||
| Voluntary income : donations | 2a | 144,503 | - | 144,503 | 108,549 |
| Activities in furtherance of charity’s objects 2b |
- | -- | - - |
||
| Bank Interest | 2c | 11 | - | 11 | 15 |
| Total Incoming Resources | 144,514 | - | **144,514 ** | 108,564 | |
| Resources Expended | |||||
| Gifts and donations | 3 | - | - | - | 450 |
| Other charitable purposes | 4 | 34,903 | - | 34,903 | 35,341 |
| Fundraising and trading costs | 5 | - | - | - | - |
| Management and administration costs 6 | 103,561 | - | 103,561 | 67,263 | |
| 138,464 | - | **138,464 ** | 103,054 | ||
| Net Incoming/(Outgoing) Resources | 6,050 | - | 6,050 | 5,511 | |
| Net Movement in Funds | 7 | 6,050 | - | 6,050 | 5,511 |
Balance at 1 April 2020 89,172 1,600 90,772 85,261 Balance at 31 March 2021 8 95,222 1,600 96,822 90,772
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Balance Sheet as at 31 March 2021
| Notes | 31.03.2021 | 31.03.2021 | 31.03 2020 | 31.03 2020 | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible Assets | 9 | 354,333 | 246,642 | ||
| Current Assets | |||||
| Stock of Books | 1,200 | 1,200 | |||
| Cash at bank and in hand | - | 16,949 | |||
| Debtors | 2,819 | 11,597 | |||
| 4,019 | 29,746 | ||||
| Creditors :amounts falling due | |||||
| within one year | 10 | 46,915 | 29,389 | ||
| Net current assets/(liabilities) | (42,896) | 357 | |||
| Total assets less current liabilities | 311,437 | 246,990 | |||
| Creditors: amounts falling due | |||||
| after one year | 11 | 214,615 | 156,227 | ||
| Net assets | 96,822 | 90,772 | |||
| Funds | 96,822 | 90,772 |
The financial statements were approved by the Trustees and signed on its behalf by:
Signature ………………………………..............................................
Name ………………………………...................................................
9 December 2021.
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Notes to the financial statements for the year ended 31 March 2021
1) Accounting Policies
The financial statements have been prepared under historical cost convention and in accordance with the Statement of Recommended practice. Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable accounting policies adopted in the preparation of the financial statements are as follows:
1.1 Incoming Resources
Voluntary Income: donations
Income from tithes and offerings, is included in incoming resources when they are receivable.
Investment Income
Investment Income consists of net interest received during the year and accounted for as
unrestricted-funds.
1,2 Resources Expended
Resources expended are included in the Statement of Financial Activities on an accrual basis,
inclusive of any VAT which cannot be recovered. Certain expenditure is attributable to specific
activities and has been included in those cost categories.
1.3 Tangible Fixed Assets and Depreciation
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% reducing balance Motor Vehicles 25% reducing balance
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Notes to the financial statements
for the year ended 31 March 2021
| 2a Voluntary Income : donations 31.03.2021 31.03.2020 £ Tithes and oferings 86,023 Gift Aid Income 12,580 Room Hire - Grant (Together for Change) - Gramts 45,900 144,503 2b Activities in furtherance of Charity’s objects Takings from Charity Book Shop - 2c Bank Interest 11 3 Resources Expended on Charitable Activities: Gifts and Donations - |
£ 85,646 19,033 1,870 2,000 - 108,549 - 15 450 |
|---|---|
4 Resources Expended on Other Charitable Activities:
| Guest Speakers Evangelism and Ministry expenses Music Ministry Transportation Convention and Outreach Publicity Missions Abroad TV Ministry Over 50’s Luncheon Club |
- 2,701 1,177 6,382 1,437 239 4,695 10,258 - 5,894 194 630 649 7,692 532 432 26 ,219 1 ,113 |
|---|---|
| 34,903 35,341 |
5 Fundraising Trading Costs:
There was no Shop Trading in the year
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Notes to the financial statements
for the year ended 31 March 2021
| 6 | Governance Costs : |
31.03.2021 | 31.03.2020 |
|---|---|---|---|
| £ | £ | ||
| Expenditure on managing/administering | the Charity | ||
| Rents and Rates | 386 | 952 | |
| Hire and Rentals | 575 | 389 | |
| Telephone | 490 | 710 | |
| Staf Costs | 32,826 | 27,923 | |
| Printing, Postage and Stationery | 809 | 483 | |
| Repairs and Maintenance | 2,134 | 839 | |
| Repairs to Roof | 26,424 | - | |
| Legal and Professional Fees | 2,654 | 5,140 | |
| Sundry Expenses | 2,460 | 1,729 | |
| Depreciation | 11,767 | 14,460 | |
| Bank Charges and Interest | 11,171 | 7,695 | |
| Heating and Lighting | 4,264 | 4,250 | |
| Insurance | 1,341 | 1,582 | |
| Loss on Sale of Vehicles | - | 1,112 | |
| Cleaning | 6,260 | - | |
| 103,561 | 67,264 |
7 Net Movement in funds for the period: 31.03.2021 31.03.2020
The net movement in funds for the year is stated after charging depreciation of tangible fixed assets
6,050 5,511
| 8 Funds: At 1 April 2020 Surplus/(Defcit) for the period At 31 March 2021 |
Total Total Unrestricted RestrictedFunds Funds Funds Funds 31.03.2021 31.03.2020 £ £ £ £ 89,172 1,600 90,772 85,251 6,050 - 6,250 5,511 95,222 1,600 96,822 90,772 |
|---|---|
Unrestricted funds comprise those funds which the trustees are free to use in accordance
with the charitable objects.
Restricted funds are funds which have been given for particular purposes and projects.
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HOUSE OF EMPOWERMENT INTERNATIONAL MINISTRIES
Notes to the financial statements
for the year 31 March 2021
| 9 Tangible Fixed Assets: Cost £ At 1 April 2020 Additions Disposals At 31 March 2021 Depreciation At 1 April 2020 Charge for the year Disposals At 31 March 2020 Net Book Value At 31 March 2021 At 31 March 2019 |
Plant & Motor Property MachineryVehicles Total £ £ £ 202,655 20,914 55,399 278,968 114,997 4,461 - 119,458 - - - - 317,652 25,375 53,399 398,426 - 18,476 13,850 32,326 - 1,380 10,387 11,767 - - - - - 19,856 24,237 44,093 317,652 5,519 31,162 359,333 202,655 2,438 41,549 246,642 |
|---|---|
10 Creditors: Amounts falling due within one year : 31,03.2021 31.03.2020
| £ £ Bounce Back Loan Barclays Loan – Car Park Sundry Creditors, Hire Purchase and Accruals Mortgage Bank Loan Creditors: Amounts falling due after more than one year Hire Purchase Mortgage Bounce Back Loan Barclays Loan |
6,667 - 3,909 - 22,305 18,319 11,070 11,070 1,189 - 1,775 - 46,915 29,389 34,520 42,721 114,347 113,505 13,333 - 52,415 - 214,615 156,226 |
|---|---|
11 Related Party Transactions :
No payments were made to Trustees or any other persons connected with them during this
financial period in their capacity as Trustees. No material transaction took place between the
Charity and a Trustee or any person connection with the charity.
Charity Registration Number : 1105462
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