## **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 - b) Make judgements and estimates that are reasonable and prudent - 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 : _____________________________________________ - 1 - ## **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 : - examine the accounts (under section 43(3)(a) of the 1993 Act) - 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 - to keep accounting records in accordance with section 41 of the 1993 Act, and - 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 - 2 - ## **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** **- 3 -** ## **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. **- 4 -** ## **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 - 5 - ## **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 - - ## **- 6 -** ## **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. **- 7 -** ## **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** **- 8 -**