HOUSE OF MERCY CHRISTIAN ASSEMBLY
FINANCIAL STATEMENTS
31st MARCH 2025
Company Registration Number: CE004930
Charity number: 1162488
DC Accountancy Services
Financial and Management Accountants & IT Consultants Tottenham Town Hall, Town Hall Approach London N15 4RY
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 CONTENTS
| CONTENTS | PAGE |
|---|---|
| The Trustees' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 7 |
The following pages do not form part of the financial statements
| Accountants report to the Trustees | 9 |
|---|---|
| Detailed profit and loss account | 10 |
2
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS THE TRUSTEES’ REPORT YEAR ENDED 31st MARCH 2025
The Trustees present their report and the company's unaudited financial statements for the year ended 31st MARCH 2025.
PRINCIPAL ACTIVITIES
The company's principal activities during the year included Religious services, Music For Change, a food bank, Primary and secondary school tuition, CAP Job Club, a Dance School, and Adult English Classes.
THE TRUSTEES AND THEIR INTERESTS IN SHARES OF THE COMPANY
The Trustees are confident that the company’s potential competitors will report small profits in the current year.
The Trustees
| Appointment | |
|---|---|
| Mbatang Titang Fon | 03/12/2021 |
| Beatrice Anjeh | 01/12/2022 |
| Teafang Bronson Ndabot | 01/12/2022 |
SMALL COMPANY PROVISIONS
The special provisions have prepared this report for small companies under the Companies Act 2006.
Registered Office
30 Turner Street Turner Street, London, England, E1 2AS Mbatang Titang Fon
Mbatang Titang Fon, (Signed by Order of the Trustees)
Approved by the Trustees on / /2025
3
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT YEAR ENDED 31st MARCH 2025
| TURNOVER Sales Direct Expenses GROSS PROFIT Overheads Net profit (loss) before tax Tax RETAINED PROFIT/(LOSS) FOR THE FINANCIAL YEAR Balance brought forward Balance carried forward |
2025 155,770 0 155,770 (149,920) |
|---|---|
| 5,850 | |
| 0 | |
| 5,850 | |
| 101,527 | |
| 107,377 |
None of the company's activities was acquired or discontinued during the above financial year.
The Company has no recognised gains or losses other than the results for the year as set out above.
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HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENT YEAR ENDED 31st MARCH 2025 BALANCE SHEET
| HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENT YEAR ENDED 31st MARCH 2025 BALANCE SHEET |
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENT YEAR ENDED 31st MARCH 2025 BALANCE SHEET |
|
|---|---|---|
| Notes 2025 FIXED ASSETS Tangible Assets 3 44,646 CURRENT ASSETS Debtors 16,476 Cash In Bank 46,255 Total 62,731 CREDITORS: Amounts falling due within one year 5 Current Assets Less Current Liabilities 62,731 CREDITORS: Amounts falling due after one year 0 Total Assets Less Total Liabilities 107,377 CAPITAL AND RESERVES Reserve 107,377 |
2025 44,646 |
|
| 0 | ||
| 107,377 | ||
| 107,377 |
For the year ending 31 March 2025, the company was entitled to an exemption under Section 477 of the Companies Act 2006 relating to small companies.
Trustee’s responsibilities:
-
(I) Following Section 476, the members have not required the company to obtain an audit of its accounts for the year in question.
-
(II) The Trustees acknowledge their responsibilities for complying with the requirements of the Act concerning accounting records and the preparation of accounts.
These accounts have been prepared using provisions applicable to companies subject to the small companies regime.
The trustees approved these financial statements. 19/07/ 2025 and are signed on their behalf by:
on, Mbatang Titang F
(Company Trustee)
5
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and by the Financial Reporting Standard for Smaller Entities.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Depreciation
Depreciation is calculated to write off the cost of an asset over the useful economic life of that asset as follows:
Fixtures & Fittings 25% Office Equipment 25%
2. OPERATING PROFIT/LOSS
Operating profit/loss is stated after charging:
2022
Trustees' emoluments Depreciation
3. TANGIBLE FIXED ASSETS
----- Start of picture text -----
Office
Vehicle
Equipment Total
£ £ £
At 31st March 2025 0 56,526 56,526
DEPRECIATION
At 31st March 2025 0 9,726 9,726
Charge for the year 0 2,154 2,154
TOTAL 0 11,880 11,880
NET BOOK VALUE
At 31st March 2025 0 44,646 44,646
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HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS
4. DEBTORS
----- Start of picture text -----
2024
Trade Debtors 0
Total 0
5. CREDITORS: Amounts falling due within one year
2024
Trade Creditors
Loan
Tax and National Insurance 0
Total 0
6. CREDITORS: Amounts falling due after one year
202
Director Loan 0
Total 0
----- End of picture text -----
-
CREDITORS: Amounts falling due within one year
-
CREDITORS: Amounts falling due after one year
7. RELATED PARTY TRANSACTIONS
The company was under the control of the Trustee throughout the current year.
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
7
HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 MANAGEMENT INFORMATION
The following pages do not form part of the statutory financial statements.
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HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 ACCOUNTANT'S REPORT TO THE TRUSTEES
As described on the balance sheet, you are responsible for preparing the accounts for the year ended 31[ST ] December 2015, set out on pages 2 to 5, and you consider that the company is exempt from an audit under the Companies Act 2006. Following your instructions, we have compiled these unaudited accounts to assist you in fulfilling your statutory responsibilities from the accounting records and information and explanations supplied to us.
Daniel Meguille
19/07/2025
Daniel Meguille BSc, FMAAT, AIBA DC Accountancy Services Tottenham Town Hall Town Hall Approach Road London N15 4RY
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HOUSE OF MERCY CHRISTIAN ASSEMBLY FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 DETAILED INCOME AND EXPENDITURE
| 2024 | ||
|---|---|---|
| Income | ||
| Donations and Offerings | 75,542 | |
| Grants and Funidng from Community F. | 45,223 | |
| Other | 35,005 | |
| TOTAL INCOME | 155,770 | |
| DIRECT COSTS | ||
| GROSS PROFIT | 155,770 | |
| OVERHEADS | ||
| Outreach and Missionary Activities | 45,211 | |
| Outreach and Missionary Activities | 37,443 | |
| Worship Services and Programs | 12,754 | |
| Ministry Support | 3,145 | |
| Administration Costs | 24,627 | |
| Facility Maintenance | 24,586 | |
| Depreciation | 2,154 | |
| TOTAL OVERHEADS | 149,920 | |
| NET PROFIT / LOSS | 5,850 |
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