REGISTERED CHARITY NUMBER: 1139958
HOUSE OF GOD MINISTRY
REPORT AND FINANCIAL STATEMENT FOR THE
YEAR ENDED 28[TH] FEBRUARY 2021
J &T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF
HOUSE OF GOD MINISTRY
| Page | |
|---|---|
| CONTENTS | 2 |
| Charity information | 3 |
| Trustees’ Report | 4-5 |
| Independent Examiner’s report | 6 |
| Income and Expenditure Account | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 – 12 |
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HOUSE OF GOD MINISTRY
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1139958
Registered office
5 PRINCES ROAD FELTHAM TW13 4LD
Trustees
REV JONATHAN MENDS MR RICHARD MELSEAUX MRS PATIENCE OKYERE
Accountants
J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF
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HOUSE OF GOD MINISTRY
Trustees’ Report
The Trustees have pleasure in submitting their report, and accounts for the year ended 28[th] February 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the statement of recommended practice.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a constitution that was adopted 1[st] August 2010.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian faith by such exclusively charitable means as the trustees shall from time to time determine. The relieve of poverty and hardship by the provision of assistance in the provision of financial or material support.
ACHIEVMENTS AND PERFORMANCE
House of God Ministry organises weekly prayer and worship services in a rented hall. The charity reaches the community through evangelism by way of sharing Christian leaflets in the public areas. The leaflets contains loving, uplifting and encouraging messages which are helpful to the public irrespective of their faith, race, gender and age. They offer hope, emotional support and encouragement in challenging and difficult times. The charity supports its members in difficult and joyous times. The charity also supports other members of the community when notified of a need.
The charity supports other charitable activities at home and abroad through donations. The charity sends regular donations to centre for people with mental health problems and the homeless in Ghana, Africa. Such activities lift the image of House of God Ministry. The charity runs various leisure activities such as ‘Beach Trips’ on school holidays, ‘Multicultural get-together’ in the community and couple’s night on Valentine’s day. These activities foster love and unity not only among members but the people in the community to offer emotional, material and practical support.
FINANCIAL REVIEW
The income of the charity is £30,347. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly conferences in UK.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
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HOUSE OF GOD MINISTRY
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on ___ 2021
and signed on their behalf by:
REV Jonathan Mends
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HOUSE OF GOD MINISTRY
Independent Examiner’s Report
To the Trustees of HOUSE OF GOD MINISTRY
I report on the accounts of the church for the year ended 28[th] February 2021 set out on pages six to eleven
Respective responsibilities of trustees and examiner
The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee 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 required.
Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:
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1) Examine the accounts under section 145 of the 2011 Act.
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2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
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3) 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 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 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 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 statements below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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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 386 and 387 of the Companies Act 2006;
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting by Charities have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Joseph Kinuthia C.P.A, DMS, MBA
J & T Lexington Services Ltd 8 Holme Close, Redhill Grange Wellingborough NN9 5YF
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HOUSE OF GOD MINISTRY
Statement of financial activities for the year ended 28[th] February 2021 Incorporating the Income and Expenditure Account
| Note Incoming Resources Incoming resources from generated funds Voluntary income 2 Interest Total Incoming Resources Resources expended Charitable activities Rent & Rates Conferences & Events Gift & donations Motor vehicle & travel expenses Subsistence allowance Telephone & postage Professional fees Media Depreciation Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at 28th February 2021 |
2021 £ 30,347 24 30,371 25,110 - - - 4,000 - 100 450 254 29,914 303 30,217 154 154 |
2020 £ |
|---|---|---|
| 38,328 91 |
||
| 38,419 | ||
| 30,120 3,559 3,420 3,240 11,800 320 - - 529 |
||
| 52,988 383 |
||
| 53,371 | ||
| (14,952) (14,952) |
There were no recognised gains or losses in the year. All activities derive from continuing operations.
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HOUSE OF GOD MINISTRY
Balance Sheet as at 28[th] February 2021
| Note Fixed assets Tangible fixed assets 4 Current assets Cash at bank and in hand Creditors- amounts falling due within one year 6 Net current assets Net assets Represented by: Funds of the charity Reserves Net incoming resources |
43,666 | 2021 £ 1,863 43,363 45,226 45,072 154 45,226 |
2020 £ 2,117 43,338 |
||
|---|---|---|---|---|---|
| 43,666 (303) |
43,338 (383) |
||||
| 42,955 | |||||
| 45,072 | |||||
| 60,024 (14,952) |
|||||
| 45,072 |
The financial statements were approved by the Trustees on ……………2021 and signed on their behalf by:
___________
REV Jonathan Mends Trustee
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HOUSE OF GOD MINISTRY
Notes to the financial statements for the year ended 28[th] February 2021
1. Accounting policies
a) Accounting basis
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
b) Incoming resources
i) Voluntary income
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
ii) Bank interest
Bank interest is included in the income and expenditure account on receipt.
c) Resources expended
All expenditure is accounted for on an accruals basis.
d) Fixed assets and depreciation
Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Assets are depreciated as follows: Instruments & Equipments at 20%.
e) Restricted and unrestricted funds
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
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HOUSE OF GOD MINISTRY
Notes to the financial statements for the year ended 28[th] February 2021
1. Accounting policies (continued)
f) Designated funds
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
g) Irrecoverable VAT
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
h) Cash Flow
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
2. Incoming resources from generated funds
| Voluntary income Tithes and offerings |
Unrestricted £ 30,347 30,347 |
Restricted £ - 0.00 |
Total funds 2021 £ |
|---|---|---|---|
| 30,347 | |||
| 30,347 |
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HOUSE OF GOD MINISTRY
Notes to the financial statements for the year ended 28[th] February 2021
3. Governance costs
| Accountancy fees | £ 303 |
|---|---|
| 303 |
4. Tangible fixed assets
| Cost At 1st March 2020 Additions At 28thFebruary 2021 Depreciation At 1st March 2020 Charge At 28thFebruary 2021 Net book value 2021 Net book value 2020 |
Church Equipment & Instruments £ 4,362 - 4,362 2,245 254 2,499 1,863 2,117 |
Total £ |
|---|---|---|
| 4,362 - |
||
| 4,362 | ||
| 2,245 254 |
||
| 2,499 | ||
| 1,863 | ||
| 2,117 |
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HOUSE OF GOD MINISTRY
Notes to the financial statements for the year ended 28[th] February 2021
6. Creditors – amounts falling due within one year
Other creditors and accruals |
2021 £ 303 |
2020 |
|---|---|---|
| £ 380 |
7. Financial commitments
Capital Commitments
The church had no capital commitments as at 28[th] February 2021.
Operating lease commitments
The church had no operating lease commitments as at 28[th] February 2021.
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