2022-02-24-accounts - Solution House

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF: SOLUTION HOUSE Chari No: 1151683 We have examined and reported on th& a(1¢8 of SOLUTION HOUSE CHURCH for Ihe yoar end•J 24 February 2022 wtruox are 381 uul on p¥g¢8 2 10 5. Regpectlve rtsponlbllitlM of Th&chariV6liu8lee$ are f98F4)nsio lor Ihe preparab.on oftho acc4Junw. Tha charity's trustees truIt• and •mInr consider that an 8udil is not Tequired lor Ihis year under secb.on 43121 oftl Ch•rti$ A¢t 1993 {the 1993 Acll and that an indwndenl exanNnation is needed. 11 h my re8ponsibility to.. examine ihe atxounls under s•clIc 43 of Ihe 1993 Act, to floW the pro¢•dufes Igid down in Ihe general Dire¢tity)S given by IM Chaflty CoMmison (under sli0n 43(7llbl ollh6 1993 Acl, and lo slate whether par11 mgltefs have come lo my atlenlity). 8a•i8 of Ind•pend•nt My •x8min&lion wa8 carriod oul in accordan with géneral Dlreclion$ plven by Ihe Chyiity •xamin•r'• •t•tem•nt Commission. An exjmin8ts.on includeB a review of thè x¢ounling rewds kepl by itt& ¢harity and 4 mpan80n ol the accol13 prosenled with those record8. 11 a160 irtdude$ •s1deratIon of any unusual ilemsordixlosures in the ac¢ounts, and seeking explanalions from lh• ¢ws¢ee• CoernIng any sh maltw8. The procedures vleAken do noi prov8 all lh• ¢vidence that would be required in an audit. and consequentty no opinion 1$ given as 1¢ whelher the ac¢ounl• pr88enl •'tru• •nd fair, •nd the report is I'mrt•d lo Ihosg rnatt•f8 841 out in tho statent b•lN. Ind•p•nd•nt •xamin•rf• In Ccfinedion wlh my •x8m1nali. no mAtt•r ha8 come lo my att8rf1on'. Jttsm•nt 1. which 91¥gs ma rea60n8e cause lo t*lve that in, any mal&rio1 resp. th• requiroMlS.. to kP accounting r&cord5 in accordance with sects'on 4101 tho 1993 Acl.. Brtd to wepar& accounlo which aecord %lh Ihe aLYounling record¥ comply with Ihè accounting requirements oflhg 1993 Acl h8ve not been met '. or 2. lowhith. In rnyopinlon, tteftn Should be drawn in ordfjr loonoble a propw uThlerst8rling ol th• aUnIS lo be r&ached. Dale.. Name:. William Boamah Amankwah {FFA, FFTA) Prof•s8ional Body: Institute of Financial Accountants

CHARITY NUMBER: 1151683

SOLUTION HOUSE

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 FEBRUARY 2022

SOLUTION HOUSE

Charity Information

Trustees:	Vivian Oberetin
	Anna James
	Beauti Osahon
Address:	Unit 3
	Selinas Lane
	Dagenham
	RM8 1QH
	CONTENTS
Report of the Trustees		(a)
Examiner's Report		(b)
Receipts and Payments Accounts		1
Statements of Assets and Liabilities		2
Notes to the Financial Statements		3

SOLUTION HOUSE Receipts and Payments Accounts for the Year Ended

24 February 2022

Incoming Resources Unrestricted Income (Grant) Offering & Donation Gift Aid Other Income Bank Interest Received Total incoming resources Resources Expended Rent Charitable Activities Costs Print, Post & Stationery & Publicity Instrumentalists Allowance (Pastors & Guest) Building Repairs & Renovation Professionery & Accountancy Fee Support (Voluntary) Costs Equipment (Purchase, Repairs, etc) Events & Conferences Training Miscellaneous & Cleaning Expenses Travel & Subsistence Total resources expended Net Income (Deficit) Transfers between funds Adjustment to opening balance Total funds brought forward at 25/02/20 Total funds carried forward at 24/02/21	2022 2021 Unristricted Restricted Designated Total Total funds funds funds funds funds £ £ £ £ £ - - - - - 141,655 - - 141,655 85,012 88,651 - - 88,651 - -- - - 0 2 - - 27
	230,308 - - 230,308 85,019
	67,100 - - 67,10020,000 2,600 - - 2,600 22,300 -- - -4,500 44,150 - - 44,150 15,600 10,800 - - 10,80010,200 -- - -- 1,200 - - 1,200500 42,800 - - 42,800 1,000 7,500 - - 7,500 4,600 29,700 - - 29,700 - -- - -- 24,900 - - 24,9005,800 -- - --
	230,750 - - 230,750 84,500
	- 442 - - -442 519 - - - - - - - - - 3,203 - - 3,203 3203
	2,761 - - 2,761 3,722

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SOLUTION HOUSE

Statement of Assets and Liabilities as at 24 February 2022

2021 2022	2021 2022	2021 2022
Value Value £ £ £ Optional - - - 2,761 3,632 0 90 2,761 3,722 - - - 2,761 2,761 3,722 - 2,761 3,722 - 2,761 3,722 2,761 3,722
		3,722 -
		3,722
	2,761 3,722
	- 2,761 3,722
	2,761 3,722

The accounts were approved by the board on……………………

……………………………………………………..

Vivian Oberetin (Chair)

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SOLUTION HOUSE Notes to the Financial Statements for the year ended 24 February 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The accounts have been prepared in accordance with applicable accounting standards and the Charity Regulations 2008 using the Receipts & Payments basis.

Incoming Resources

Donations and grants are accounted for when receivable. Gifts and services in kind are included at a reasonable estimate of their gross value to the Charity or Organisation. Intangible income (such as rent free accommodation) is included in the Statement of Financial Activities where a third party is bearing the cost of supplying the resources and the resources can be valued.

Resources Expended

Costs comprise direct expenditure including staff costs attributable to the activity and where cost cannot be directly attributed they are allocated to activities on a basis consistent with the time spent on the various departments.

Expenditure is allocated to one of five functional categories that reflect the specific activities of the charity.

(a) Cost of Generating Funds -the cost incurred both direct and indirect in generating income for the charity
(b) Support Cost - These are mainly expenses paid to various volunteers who help in the office.
(c) Management and Administration - include costs attributable to the management of the charity's assets, administration of the charity and compliance with statutory requirement along with costs of managing charitable projects.

Accumulated Funds

Restricted funds are subject to specific conditions by donor(s) as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.

Designated funds comprise funds, which have been set-aside at the discretion of the trustees for specific purposes.

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