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2022-04-30-accounts

REGISTERED COMPANY NUMBER: 07220760 (England and Wales)

REGISTERED CHARITY NUMBER: 1146333

THE BUILDERS HOUSE

REPORT OF THE TRUSTEES

AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED

30TH APRIL 2022

THE BUILDERS HOUSE

REPORT OF THE TRUSTEES

AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH APRIL 2022

The Builders House Content of the Financial Statements For the Year Ended 30 April 2022

Page
Company Information 1
Report of the Trustees 2 - 5
Independent Examiner's Report 6
Statement of Financial activities 7
Statement of Financial Position 8
Notes to the accounts 9 - 13
Detailed Statement of Financial Activities 14

The Builders House Content of the Financial Statements For the Year Ended 30 April 2022

Chairman Board of Trustees: Mr. David Adeola Appointed on 9th May 2021 Other Trustee Members: Mrs Pearl Ola-Moses Dr. Mrs Morenike Adebusuyi Registered Company Number 07220760 (England and Wales) Registered Charity Number 1146333 Registered Office: C/O Alfred James House 460A Brighton Road South Croydon Surrey CR2 6AN Independent Examiner Patrick Jusu FCCA PAJ Accountants 10 - 16 Tiller Road Docklands London E14 8PX Bank HSBC 9 Wellesley Rd Croydon Surrey CR9 2AA

Page 1

The Builders House Report of the Trustees For the Year Ended 30 April 2022

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022 .The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recomemded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) Effective 1 January 2015.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Builders House is a charitable company limited by guarantee, incorporated on 12 April 2010 and registered as a charity under the Charities Act 2011 on 12 March 2012.

It is governed by its Memorandum and Articles of Association and managed by a Board of Trustees who are directors for the purpose of company law and trustees for the purposes of charity law. The Trustees have the executive responsibilities and determine the strategic direction of the Charity, and through delegated authority, have charged the day-to-day management and running of the operations of the Charity to the Pastoral and Management Team. Trustees are selected on the basis of the contribution that they will make to the governance of the Charity.

The Builders House - being a Church plant and community outreach of Jesus House for all Nations - is also a parish of the Redeemed Christian Church of God.

Recruitment and appointment of new trustees

The legal responsibility for the election of new trustees to The Builders House Board lies with the Annual General Meeting (AGM).

The Board recognises that it has only limited control over the election of trustees at the AGM. It is accepted that The Builders House members should be able to elect people to the board who they believe will best represent their interests. However the existing board members also have a responsibility to try to ensure that the needs of the organisation in terms of governance are met by those people elected. The Board will seek to do this by adopting a system of recommending Trustee appointments to the membership using the steps detailed below. The membership will then be able to choose to elect a recommended candidate or to appoint another person to the board.

Trustees can delegate some aspects of recruitment of Trustees to Management, but they must ensure that they retain overall responsibility and control of the recruitment, selection and induction processes.

In recruiting new trustees, the existing trustees and management must act in the best interests of The Builders House and in accordance with the Charity Commission directives as laid out in CC30.

Induction and training of new trustees

All trustees are expected to attend:

As part of the induction process all trustees should receive copies of the following:

Review of Trustee Performance

Each trustee will meet with the Chair on a one to one basis at least annually. This will be an opportunity for the Chair to give encouragement, support and feedback on performance. It is also an opportunity for each trustee to give feedback about the process and practice of being a trustee. Any issues of poor performance or misconduct to be addressed outside of this process and in a timely manner.

Page 2

The Builders House Report of the Trustees For the Year Ended 30 April 2022

Risk Management

The Trustees have conducted a review of the major risks which the Charity is exposed, in particular those relating to operations and finances of the Charity. The Trustees review the risks regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks. Appropriate Disclosure and Baring Service (DBS) checks, supported by relevant trainings and regularly-reviewed policies are made for all voluntary workers and members who work with children or other vulnerable groups with the Charity. Where appropriate, systems have been established to mitigate the risks the Charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's objects are:

To advance the Christian religion in Croydon for the benefit of the public.

The prevention or relief of poverty in the UK and overseas

These objects are charitable and operate mainly for the public good and benefit. The Charity achieves these objects by regular meetings in public locations, which gives access to all and welcomes all members of the community. Through prayer, fellowship, participatory study of the scripture, worship and hospitality we achieve a key public benefit.

Public benefit

In setting the Charity's objectives and planning its activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and they confirm that public benefit has been provided in relation to the charity's objects by carrying out activities including but not limited to the following:

1) Organise weekly services and other gatherings for members and non-members, to raise awareness and understanding of the Christian faith, present and promote the teachings of the Bible and provide opportunities for Christian response, including but not limited to prayer and worship. The meetings are free of charge and open to all, and the public benefit of such meetings is expected to be through the promotion of family stability and wellbeing, and increased ability to contribute positively to society, for those attending.

2) Provide support and guidance to those activities of its members that seek to promote an understanding of the Christian faith, through practical expression of Christian beliefs and ideals in the local community. The benefit of such support and guidance is to enable those members to be better able to serve in the local community. The church provides teaching and training opportunities for members.

3) Assist the work, in so far as that works, whether in this country or abroad, accords with the charity's aims. The public benefit of providing donations to such charitable organisations is expected to be in accordance with their aims and purposes. We make donations and encourage donations of fund and nonmonetary items to the less privileged and other charitable organisation within and outside the United Kingdom. The purpose of these donations includes the promotion of religious activity, relief of poverty, training and equipping, work with youth and others in need.

4) Carry out acts of social concern to benefit people within and outside the church facing hardship on the basis of their need. The public benefit of these acts is expected to be in the area of poverty relief, caring, counselling, youth activities aimed at promoting their health, wellbeing, spiritual life and education, and is addressed by the church activities, free training, seminars, concerts, home and hospital visitation to the sick, Annual Hospital Christmas carols and gift sharing, volunteer activities of individual members, and also through benevolent gifts to individuals and donations to appropriate charitable organisations. The charity is also a full participant in the preparation and distribution of annual Christmas hampers to families in need through a referral system working with other agencies in the community. This initiative is known as Christmas Lunch on Jesus.(CLOJ).

5) Develop relationships and work in strategic alliance with other Ecumenical bodies, statutory organisations and civil society in the community to provide and participate in community centred projects, festivals, celebrations and exhibitions, which are mutually beneficial in advancing our aims. The Charity is a member

ACHIEVEMENT AND PERFORMANCE

In the year of a global pandemic, the charity provided pastoral care to its members and the wider community by working in collaboration with other charities and service providers to offer support. In some cases, and in a far-flung place like Nigeria we supported dozens of Teachers to train using technology to support their development in the challenging environment of providing education to their students. We achieved this by partnering with community organisations and a Teacher’s Academy.

However, within the London borough of Croydon where families not able to afford to feed, we continued our commitment in the distribution of groceries by joining up with other organisations and volunteers to assist in caring.

Another great initiative in Croydon is through the Christmas Lunch on Jesus and other such initiatives where Christmas meal hampers that feeds families were freely donated and distributed.

The Charity continues to provide support to other charities whose operations and objectives fall within its objects. It supports missionaries in India. Through strategic partnerships some of the poorer communities in over 8 African countries by regular donations that empower widows African Child Trust, a Croydon based Charity.

Builders House participated with other charities to raise awareness on gender-based violence and to provide support for victims of domestic violence. We also participate collaboratively with other charities in the consultative process with the local council and other statutory groups to address the issues around genderbased violence, mental health.

Pastoral ministry - the charity ministers in the society by caring. The Charity helps informs inter-faith and community dialogue in the borough. Further engagement with the Croydon community is the presentation of Christmas gifts in a children's ward of local hospital.

The Charity continue to provide services and activities that are relevant to people and the community on a foundation of Christian ethos and belief that is welcoming of all.

Page 3

The Builders House Report of the Trustees For the Year Ended 30 April 2022

PLAN FOR FUTURE PERIODS

The Charity will continue to explore ways of furthering its charitable objectives, by working collaboratively within its remit in the community and further afield

FINANCIAL REVIEW

It is the objective of the charity to ensure unrestricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an ongoing basis. Based on the charity's size, the context of future plans, the level of our financial commitments and contractual obligations held, it's our policy to maintain unrestricted reserves of not less than equivalent of three months recurrent expenditure.

The Charity has a policy of keeping any surplus liquid funds in short-term deposits which can be readily accessed and where the capital is protected. The objective of the investment policy is to maximise interest while limiting risk. This policy is adopted as the surplus funds are expected to be used in the near future to fund future commitments. The Trustees consider that the current level of unrestricted reserves for the Charity is below that required and that the Charity should aim to explore ways of expanding its income streams.

GOING CONCERN

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements. Further details regarding the adoption of the going concern basis are in note 1 ‘Accounting Policies’ in the financial statements.

Page 4

The Builders House Report of the Trustees For the Year Ended 30 April 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are aslo the directors of The Builders House for the purpose of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 the Financial Reporting Standard Applicable in the UK and Republic of Ireland.

Company 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and charities act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23rd January 2023 and signed on its behalf by:

Mr David Adeola Trustee

Page 5

Independent Examiner's Report of The Builders House

I report on the accounts for the year ended 30 April 2022 set out on pages ten to seventeen.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) 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 required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the 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:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

have not 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.

Patrick Jusu FCCA Independent examiner PAJ Accountants 10 - 16 Tiller Road Docklands London E14 8PX

Date: 23rd January 2023

Page 6

The Builders House Statement of Financial Activities For the Year Ended 30 April 2022

Notes
INCOMING RESOURCES
Incoming Resources from
generated funds
Voluntary Income
Donations
2
Othe Income - Building fund
2A
Incoming Resources From Charitable Activities
Charitable Activites
3
Investment income
3A
Total Incoming Resources
RESOURCES EXPENDED
Resources expended on Charitable
Activities:
Cost of generating voluntary income
4
Other charitable activities costs
5
Resources Expended
Other Resources Expended
Governance costs
6
Other support costs
7
Total Resources Expended
Net incoming resources for the year
RECONCILIATION OF FUNDS
Net movement in funds
Fund balances brought forward
Fund balances carried forward		 Unrestricted
Funds
£
35,783
1,025
1
36,809
6,549
8,386
14,936
7,329
10,233
17,562
32,497
4,312
4,312
17,439
21,751		 Restricted
Funds
£
-
1,210
-
-
1,210
-
-
-
-
-
-
-
1,210
1,210
40,114
41,324		 Total
Funds
2022
£
35,783
1,210
1,025
1
38,019
6,549
8,386
14,936
7,329
10,233
17,562
32,497
5,522
5,522
57,553
63,075		 Total
Funds
2021
£
39,993
2,130
2,697
2
44,822
5,298
7,791
13,089
7,610
4,592
12,202
25,290
19,531
19,531
38,022
57,553

Page 7

The Builders House Balance Sheet At 30 April 2022

Notes
Fixed Assets
Tangible fixed assets
11
Current Assets
Debtors
12
Cash at bank and in hand
Creditors: Amounts falling due
within one year
13
Net Current Assets
Net Assets
Funds
14
Unrestricted Funds
Restricted Funds		 Unrestricted
£
4,880
4,880
30,364
30,364
30,364
35,244
Funds		 Restricted
Funds
£
-
-
-
27,832
27,832
-
27,832
27,832		 Total
2022
£
4,879
4,879
-
58,195
58,195
-
58,195
63,075
21,751
41,324
63,075
Funds		 Total
Funds
2021
£
5,639
5,639
-
52,519
52,519
(605)
51,914
57,553
17,439
40,114
57,553

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 April 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Trustees on 23rd January 2023 and were signed on its behalf

Mr David Adeola

Trustees

Page 8

The Builders House Notes to the Financial Statements For the Year Ended 30 April 2022

1 Accounting Policies

Accounting Convention

The accounts have been prepared in accordance with all applicable accounting standards, FRS 102, the Statement of Recommended Practise (SORP), “Accounting and Reporting by Charities” revised 2015 (FRS 102) and the Companies Act 2006, except for the alternative headings that have been used in the Statement of Financial Activities, as the Trustees feel that the revised headings make the accounts easier to read for a non-financial audience. The principal accounting policies adopted in the preparation of the accounts are set out below.

The charity constitutes a public benefit entity as defined by FRS102.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity legally entitled to the income and the amount can be quantified with reasonable accuracy.

Grants and Donations

Income from grants and donations is included in incoming resources when these are receivable.

Going concern

The Charity’s activities, together with the factors likely to affect its future performance and position are set out in the Report of the Trustees on pages 2 to 8 which describes the structure, governance and management of the Charity; its risk management policies and procedures, its objectives and activities, the achievements, performance and financial position of the Charity, and its plans for the future. After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.

Resources Expended

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.

Cost of generating funds

Cost of generating funds are those costs relating to the generation of income and includes cost related to the management of the charities activities.

Allocation and apportionment of costs

Support cost are those cost related to shared activities of the organisation and are apportioned on a basis considered appropriate to the underlying activities.

Governance costs

Governance costs are the costs associated with the strategic direction of the charity and with meeting regulatory responsibilities.

Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipments 20% on cost Computer equipments 33% on cost

Taxation

The charity is exempt from corporation tax on charitable activities

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee

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.

Page 9

The Builders House Notes to the Financial Statements For the Year Ended 30 April 2022

2 Voluntary Income

Donations
Tithes and Offerings
Donations
Gift Aid
Thanksgiving Offerings
2A Other Income - Building Fund
Building Fund Donations
3
Charitable Activities Income
Conference, Seminars, Events and Social Responsibility
Charitable collection/church social responsibility fund
CLOJ
Other Income
3A Investment Income
Interest receivable
Resources Expended
4
Cost of generating voluntary income
Wages and salaries
Guest Minister's Honorarium
Depreciation
Rent
Insurance
World Evangelism Mission WEM
5
Other charitable activities cost
Christmas lunch on Jesus
Charitable Donations
Benevolence Donations
Members training and welfare		 30.04.22
£
25,416
100
7,968
2,299
35,783
30.04.22
£
1,210
1,210
30.04.22
£
550
475
-
1,025
30.04.22
£
1
1
30.04.22
£
850
600
760
1,800
339
2,200
6,549
30.04.22
£
-
2,920
5,466
-
8,386		 30.04.21
£
28,178
200
6,995
4,620
39,993
30.04.21
£
2,130
2,130
30.04.21
£
1,847
550
300
2,697
30.04.21
£
2
2
30.04.21
£
301
650
889
-
337
3,121
5,298
30.04.21
£
1,050
4,281
2,440
20
7,791

Page 10

The Builders House Notes to the Financial Statements For the Year Ended 30 April 2022

6
Governance costs
Bank charges
Accountancy
Consultance fees
7
Other support costs
Church office administration expenses
Subscription
Web design and management
Software
Staff training and welfare
Travel and Subsistence
Telephone, internet and fax
Repairs and maintenance
Stationery and post
Hospitality and entertainment
8
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
Depreciation - owned assets
Independent examination fees		 30.04.22
£
16
1,387
5,925
7,329
30.04.22
£
2,400
873
-
272
200
5,173
230
85
-
1,000
10,233
30.04.22
£
760
750
1,510		 30.04.21
£
-
1,310
6,300
7,610
30.04.21
£
2,400
856
1097
-
-
-
230
-
9
-
4,592
30.04.21
£
889
750
1,639

9 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021.

Trustees' expenses

There were no trustees' expenses paid neither for the year ended 30 April 2022 nor for the year ended 30 April 2021.

10
STAFF COSTS
Wages and salaries
Social security costs
The average monthly number of employees during the year was as follows:		 30.04.22
£
850
-
850
30.04.22
-		 30.04.21
£
301
-
301
30.04.21
-

No employees received emoluments in excess of £60,000.

Page 11

The Builders House Notes to the Financial Statements For the Year Ended 30 April 2022

11 Tangible Fixed Assets

All assets relate to the Charity and are used for charitable purposes.

Cost
At 1st May 2021
Improvements
Additions
Disposals
At 30th April 2022
Depreciation
At 1st May 2021
Charge for the year
At 30th April 2022
Net Book Value
At 30th April 2022
Net Book Value
At 30th April 2021
12
Debtors
Members Loan
13
Creditors: Amounts falling due
within one year
Inspire Concepts Consulting Services
World Envagelism Mission (WEM)		 Office
Furniture
& Equipment
£
13,840
-
-
13,840
8,200
760
8,960
4,880
30.04.22
£
-
-
30.04.22
£
-
-
-		 Total
£
13,840
-
-
13,840
8,200
760
8,960
4,880
5,640
30.04.21
£
-
-
30.04.21
£
25
580
605

Page 12

The Builders House Notes to the Financial Statements For the Year Ended 30 April 2022

14 MOVEMENTS IN FUNDS

Unrestricted fund
Restricted funds		 At
1st May
2021
£
17,439
40,114
57,553		 Net Movements
in funds
4,312
1,210
5,522		 At
30th April
2022
£
21,751
41,324
63,075

14 SUMMARY MOVEMENT IN FUNDS FOR THE YEAR

Unrestricted funds
Restricted funds		 Incoming
resources
£
36,809
1,210
38,019		 Resources
expended
£
(32,497)
-
32,497		 Movement
in funds
£
4,312
1,210
5,522

Page 13

The Builders House Detailed Statement of Financial Activities For the Year Ended 30 April 2022

INCOMING RESOURCES
Charitable collection/church social responsibility fund
Tithes and offferings
Donations
Thanksgiving offerings
Building Donations
CLOJ
Other income
Gift Aid
Conference, seminars and events
Total income resources
Investment Income
Bank Interest Received
Total Income
RESOURCES EXPENDED
Cost of generating voluntary income
Members's training and welfare
Guest Minister's honorarium
Instrumentalist's honorarium
Depreciation of equipments
Other Charitable activities cost
Benevolent donations
Charitable donations
World Evangelism Mission (WEM)
Christmas lunch for Jesus
Hospitality and entertainment
Wages and salaries
Website design and management
Subscription
Governance costs
Accountancy services
Bank charges
Consultance fees
Support Costs
Rent, rates and service charge
Insurance
Stationery, Post and Print
Other general office expenses
Travel and subsistence
Telephone, internet and fax
Repairs and maintenance
Software
Total Resources Expended
Net Expenditure		 30.04.22
£
550
25,416
100
-
1,210
475
-
7,968
2,299
38,019
£
1
1
38,020
200
600
-
760
1,560
5,466
2,920
2,200
-
1,000
850
-
873
13,309
1,387
16
5,925
7,328
1,800
339
-
2,400
5,175
230
85
272
10,301
32,498
5,522		 30.04.21
£
1,847
28,178
200
4,620
2,130
550
300
6,995
-
44,820
£
2
2
44,822
20
650
-
889
1,559
2,440
4,281
3,121
1,050
-
301
1,097
856
13,146
1,310
-
6,300
7,610
-
337
9
2,400
-
230
-
-
2,976
25,291
19,531

Page 14