Electronically signed using Capium on 1610912025 at 02:23:41 PM
2024
Registered Charity No. 1155973
The David House
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2024

The David House
CONTENTS OF THE TRUSTEES REPORT AND ACCOUNTS
for the year ended 31 December 2024
Page(s)
Legal & administrative details
Report of the Trustees
4t05
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9t014

The David House
LEGAL & ADMINISTRATIVE DETAILS
for the year ended 31 December 2024
Trustees
J Urquhart
D Hoffbrand
S Lewis
Charity number- England and Wales 1155973
Charity number- Scotland
SC052345
Registered office
Unit 6 Blackworth Court
Highworth
SN6 7NS
Bankers
National Westminster Bank PLC
84 Commercial Road
Swindon
Wiltshire
SN15NW
Independent examiner
Rachel Kavanagh FCA
Va Zip Accounting
5 Oak Tree Drive
Liss
Hampshire
GU33 7HW

The David House
REPORT OF THE TRUSTEES
for the year ended 31 December 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to
the financial statements and comply with the charitvs governing document.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity are to advance the Christian religion for the benefit of the public in such parts of the
United Kingdom and the world as the trustees may from time to time think fit in accordance with the teachings
of the Christian faith as expressed in the Bible.
Public benefit
In planning our activities the trustees keep in mind the Charity Commission guidance on public benefit at their
trustee meetings, in view of the charitys objectives to advance the Christian religion for Ihe benefit of the
public in accordance with the teachings of the Christian faith as expressed in the Bible. The work of the charity
has continued to operate in accordance with these aims. seeking to promote public benefit through the
charitys activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has had regular communications wth the supporter base through quarterfy mailings. including a
series of articles and ministry reports written and compiled by Piers Arthur Crow. This communication has
taken place both in printed form and by electronic means. In addition, the charity has hosted regular meetings
on Zoom where existing Christians have been taught and encouraged in their faith. New web-based resources
are also being developed and hosted on www.the davidhouse.org and www.onenewman.org.
Piers continued to develop the teaching ne￿rk in Eastern Europe through a conference held in Budapest for
Hungarian Christians. Through Ukrainian contacts we were able to hold small gatherings of leaders in
breakfast meetings from city to city. This enables more leaders to gather at less cost whilst lowering the
barrier to involvement by hosting events in a number of cities.
FINANCIAL REVIEW
Review of the charity's financial position at the end of the period
Net incomel(expenditure) before investment gains in the year was a deficit of £4,173, reflecting the fall in
giving this year as a result of less giving towards Ukrainian projects. Also expenditure was increased by
repairs and renewals in the rent properties including the need to fit a new boiler in the Mearn Street property.
Cash held at the balance sheet date was £102,704, with closing reserves of £606.455, which included
accumulated gains and losses on investment propety of £230,249.
Investment policy and objectives
The charitvs excess funds are retained in an interest bearing account with the charitls bankers.
The charity continues to function successfully. The charity has continued to raise funds from generous donors
and these funds have been disbursed successfully to make significant progress with its objectives.
The investment properties continue to generate rental income lo further support the activities of the charity.

The David House
REPORT OF THE TRUSTEES (CONT'D)
for the year ended 31 December 2024
Reserves policy
The trustees consider that the charity should aim to hold unrestricted cash of no less than £25,000, which is
considered sufficient to cover the following contingencies in order to facilitate the winding down of its
operations whilst minimising the inconvenience to stakeholders in the event of the charity ceasing to operate
on a permanent basis..
sufficient funds to meet any liabilities arising from redundancies-,
three months non-staffing costs to enable termination of contracts with suppliers of goods and servI￿s.
At the year end, the charity held unrestricted cash of £102.704 and the charity is complying with its reserves
policy.
FUTURE PLANS
The trustees intend to continue focussing on developing good relationships with mainstream and messianic
church leaders in the UK and Europe. With the view to spreading more widely Christian teachings on the roots
of the Christian faith from the whole Bible. The charity will also look to develop new and innovative ways of
using our contact with supporters and other means to educate and encourage the Christian community.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a CIO (Charitable Incorporated Organisation) controlled by its conslitution registered on 28th
February 2014.
Recruitment and appointment of new trustees
Trustees are recruited as needed from a diverse number of backgrounds. Each trustee has relevant
experience and a wide skills base vthich they bring to their service. In the event of particular skills being lost
due to retirements, individuals are approached to offer themselves for election to the board of trustees. They
are then invited to attend the next board meeting as an observer. They are then given time to consider
prayerfully their willingness to stand for election. They are elecled to the board of trustees by a vote taken by
the existing trustees.
Organisational structure
The charity has a board of trustees comprising three trustees. The trustees are responsible for the strategic
direction and policy of the charity, and have control of the charity and its property and funds. Existing trustees
may appoint additional trustees to their number. at any time. providing the total number of trustees is a
minimum number of three and a maximum number of six individuals.
The current trustee board consists of Jane Urquhart. David Hoffbrand. and Simon Lewis.
Induction and training of new trustees
Once trustees are appointed, time is taken to familiarise them with the praCtI￿S and requirements relating to
them as trustees. They are also made familiar with all aspects of the charitls work and financial situation. Any
further training or induction takes place as the need arises.
APPROVAL
This report was approved by the trustees and signed on their behalf by..
Simon Lewis
S Lewis (Trustee)
1610912025 02:23
Date:

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
The David House
for the year ended 31 December 2024
I report to the trustees on my examination of the accounts of The David House ('the charity) for the year
ended 31 December 2024 on pages 7 to 14 following.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with
the requirements of the Charities Act 2011 ('the 2011 Act')-
I report in respect of my examination of the charivs accounts Ca￿led out under section 145 of the 2011
Act and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
1. accounting records were not kept in accordance with section 130 of the 2011 Act- or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rachel Kavanagh FCA
Chartered Accountant (ICAEW)
Ua Zip Accounting
5 Oak Tree Drive
Liss
Hampshire
GU33 7HW
16/09/2025 02..23
Date..

The David House
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 December 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Notes
Income:
Donations and legacies
Investment income
48,831
41.067
26,266
75,097
41.067
143.994
36,740
Gross income
89.898
26.266
116.164
180.734
Expenditure:
Charitable activities
Furtherance of the gospel & pnjvision of humanitarian aid
75.514
44,823
120,337
148,946
Total expenditure
75,514
44,823
120,337
148,946
Net incomel(expenditure) before
investment gains
14,384
(18.557)
(4,173)
31,788
Net gains on investments
230,249
230,249
Net incomel(expenditure)
244,633
(18.557)
226,076
31,788
Transfers between funds
11
(18,557)
18,557
Net movement in funds
226,076
226,076
31,788
Reconciliation of funds:
Total funds brought forward
11
380,379
380,379
348,591
Total funds carried forward
606,455
606,455
380,379
The notes on pages 9 to 14 fomi part of these financial statements

Charity number: 1155973
The David House
BALANCE SHEET
as at 31 December 2024
Notes
2024
2023
Non£urrent Assets
Investment assets
503,188
503,188
272,939
272,939
Current Assets
Debtors
Cash at bank and in hand
1.038
102,704
103,742
18,922
89,337
108,259
Creditors
Amounts falling due within one year
(475)
{819)
Net Current Assets
103,267
107,440
Total Assets less Current Liabilities
606,455
380,379
Creditors
Amounts falling due after more than one year
Net Assets
606,455
380,379
Funds
Unrestricted funds
Restricted funds
11
11
606,455
380,379
Total Funds
606,455
380,379
The charity was entitled to exemption from audit in accordance with the Charities Act 2011 and the
members have not required the charity to obtain an audit.
The trustees acknowledge their responsibilities for complying with ihe requirements of the Charities
Act 2011 with respect to accounting records and the preparation of accounts.
16/09/2025 02..23
The financial statements were approved by the Board of Trustees on
and were signed on its behalf by:
Simon Lewis
S Lewis
Trustee
The notes on pages 9 to 14 form part of these financial statements

The David House
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
ACCOUNTING POLICIES
a} Basis of preparation
These accounts have been prepared under the historical cost convention with items recognised at cost or
transaction value unless otherwse stated in the relevant note(s) to these accounts, and the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16
July 2014), and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The principal accounting policies adopted are set out below.
b) Recognition of income
Income is included in the Ststement of Financial Activities (SOFA) when..
the charity becomes entitled to the resources-
it is more likely than not that the trustees will receive the resOur￿S-, and
. the monetary value can be measured with sufficient reliability.
c) Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
d) Grants and donations
Grants and donations are only included in the SOFA when the general income recognition criteria are met
(5.10 to 5.12 FRS102 SORP).
e) Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid
amount recovered on a donation is considered to be part of that gift and is treated as an addition to the
same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
fj Support costs
The charity has incurred expenditure on support costs.
g) Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss
resulting from revaluing investments to market value at the end of the year.
h) Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation
committing the charity to pay out resources and the amount of the obligation can be measured with
reasonable certainty.

The David House
NOTES TO THE FINANCIAL STATEMENTS (CONT'D)
for the year ended 31 December 2024
ACCOUNTING POLICIES (CONT'D)
i) Governance and support costs
Support costs have been allocated be￿een governan￿ costs and other support. Governance costs
comprise all costs involving public accountsbility of the charity and its Complian￿ with regulation and good
practice.
j) Redundancy cost
The charity made no redundancy payments during the reporting period.
k} Deferred income
No material item of deferred income has been included in the accounts.
l) Creditors
The charity has creditors which are measured at settlement amounis less any trade discounts.
m) Investment properties
Investment properties are valued initially at cost and subsequently at fair value (their market value) at the
year end. Any surplus or deficit arising from changes in fair value is recognised within the Statement of
Financial Activities.
n) Debtors
Debtors are measured on initial recognition at settlement amount or amount advanced by the charity.
Subsequently they are measured al the cash or other consideration expected to be received.
10

The David House
NOTES TO THE FINANCIAL STATEMENTS (CONT'D)
for the year ended 31 December 2024
Analysis of income
Donations and legacies
2024
2023
Donations and gifts
Gift Aid
66.790
8,307
75,097
127,780
16,214
143,994
Investment income
2024
2023
Rental income
41,067
41,067
36,740
36,740
All income in the prior year was unrestricted except for income relating to Ukraine Projects. Refer to Note
11 for further details.
Analysis of Expenditure
Charitable activities
Furtherance of the gospel & provision of humanitarian aid
2024
2023
Salaries
Social security
Direct office costs
Postage and stationery
Sundries
Travel and subsistence
Ukraine projects
ONM projects
17,760
225
4.841
2.035
305
2,378
44,897
32,866
105.307
21,328
7.814
696
9,676
2.187
59,105
38,238
139,043
Su
ort costs:
Furtherance of the gospel & provision of humanitarian aid
Management
Indirect office costs
Insurance
Repairs and maintenance
951
1.917
10,465
13,333
255
2,349
5,802
8,406
Finance
Bank charges
647
647
Governance costs
Trustee expenses
Independent examiner's fee
Other legal and professional fees
177
475
398
1,050
120.337
212
408
877
1,497
148,946

The David House
NOTES TO THE FINANCIAL STATEMENTS (CONT'D)
for the year ended 31 December 2024
Staff costs
2024
2023
Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
17,760
225
21.328
17,985
21,328
No employees received employee benefits (excluding employer pension costs) for the reporting period of
more than £60,000.
Total remuneration of £17,760 (2023: £21.328) was paid to key management personnel for their services
to the charity. For specific amounts paid to trustees, refer to Note 10.
Average head count
During the year the average number of employees was as follows:
2024
2023
Governance
Investment assets
Investment
properties
Carrying (fair) value at 1 January 2024
Additions to investments during period
Disposals at carrying value
Net gain on revaluation
Carrying (fair) value at 31 December 2024
272,939
230,249
503,188
Fair value at
year end
503,188
503,188
Cost less
impairment
272,939
272.939
Analysis of investments (this year)
Investment properties
Total
Fair value at
year end
272,939
272,939
Cost less
impairment
272,939
272,939
Analysis of investments (last year)
Investment properties
Total
Accumulated gains and losses on investment property at the year end was £230,249 (2023: £nil).
Properties purchased within the last 5 years are held at purchase price which is considered to be a
reasonable estimation of the current market value. For those properties held for a longer period. a market
appraisal has been carried out by an estate agent based on the market rent generated by the property.
12

The David House
NOTES TO THE FINANCIAL STATEMENTS (CONT'D)
for the year ended 31 December 2024
Debtors
2024
2023
Prepayments and accrued income
Other debtors
1,012
26
1,038
898
18,024
18,922
Amounts due after more than one year included above
Amount of cOn￿SsiOnary loans included above
18,000
1. A concessionary loan was granted bythe trustees on 6th July 2023 to an individual. The loan was repayable on
demand. and repayable in full no later than 1 January 2025. The loan was not interest bearing. As at 31 December
2024 the loan has been repaid in full.
Creditors
2024
2023
Accruals and deferred income
475
475
819
819
13

The David House
NOTES TO THE FINANCIAL STATEMENTS (CONT'D)
for the year ended 31 December 2024
10.
Trustees and related parties
There were no trustees. remuneration or other benefits for the year ended 31 December 2024, nor for the
prior year.
A total of £177 {2023: £212) was paid to a trustee for reimbursement of subsistence expenses.
There were no related party transactions in the year ended 31 December 2024, nor in the prior year.
Movement in funds
At31
December
2023
Incoming
resources
Resources
expended
At31
December
2024
Transfers
Gains and
losses
Unrestricted funds
General fund
380,379
380,379
89,898
89,898
75,514
75,514
18,557
18,557
230,249
230,249
606,455
606,455
Restricted funds
Ukraine Projects
26,266
26,266
44,823
44,823
18,557
18,557
Total funds
380,379
116,164
{120.337)
230,249
606,455
At31
December
2022
Incoming
resources
Resources
expended
Gains and
losses
At31
De¢ember
2023
Transfers
Unrestricted funds
General fund
348,591
348,591
124.644
124,644
(89,841)
89,841
{3,015)
3,015
380.379
380,379
Restricted funds
Ukraine Projects
56.090
56.090
59,105
59,105
3,015
3,015
Total funds
348,591
180,734
148.946
380,379
1. Ukraine Projects relates to the ongoing ministry of the One New Man Nehvork within the region. In addition, the
charity has been providing emergency aid and support to the people of Ukraine since the beginning of the war.
14