## **THE FATHER'S HOUSE CHURCH** **Charity No. 1165638** ## **Company No.** **Trustees' Report and Unaudited Accounts** **28 February 2021** ## **THE FATHER'S HOUSE CHURCH CONTENTS** ||Pages|| |---|---|---| |Trustees' Annual Report||1| |Independent Examiner's Report||2| |Statement of Financial Activities||3| |Summary Income and Expenditure Account||4| |Balance Sheet||5| |Notes to the Accounts||6| |Detailed Statement of Financial Activities||12| ## **THE FATHER'S HOUSE CHURCH TRUSTEES ANNUAL REPORT** THE FATHER'S HOUSE CHURCH The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 28 February 2021. ## **REFERENCE AND ADMINISTRATIVE DETAILS Company No. Charity No. 1165638** ## **Registered Office** 37 Hunters Road Chessington KT9 1RX ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: ## J. BERNARDES PASQUALI F. LEITE PEREIRA CAMAROTTE R. SOUZA FIDELIS ## **Accountants** TRUE MANAGEMENT CONSULTING 49 SKYLINE VILLAGE LIME HARBOUR LONDON E14 9TS The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board R. SOUZA FIDELIS Trustee 28 February 2021 Page 1 ## **THE FATHER'S HOUSE CHURCH INDEPENDENT EXAMINERS REPORT** ## **Independent Examiner's Report to the trustees of THE FATHER'S HOUSE CHURCH** I report on the accounts of THE FATHER'S HOUSE CHURCH for the year ended 28 February 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes. ## **Respective responsibilities of trustees and examiner** The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of . 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: examine the accounts under s.145 of the 2011 Act; to follow procedures laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act; and 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 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 statement 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: to keep accounting records in accordance with the Companies Act 2006, s.386 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting and Reporting by Charities, 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. ## TRUE MANAGEMENT CONSULTING 49 SKYLINE VILLAGE LIME HARBOUR LONDON E14 9TS 28 February 2021 Page 2 ## **THE FATHER'S HOUSE CHURCH STATEMENT OF FINANCIAL ACTIVITIES** ## **for the year ended 28 February 2021** |**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Raising funds
4
Other
5
**Total**
Net gains on investments
**Net income**
6
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**and total funds**
**2021**
**£**
209,846|**and total funds**
**2020**
**£**
271,729
**Unrestricted**| |---|---|---| ||209,846
22,901
238,544|271,729
15,111
208,310| ||261,445
-|223,421
-| ||-51,599|48,308| |||| ||-51,599
342,109|48,308
293,801| ||290,510|342,109| Page 3 ## **THE FATHER'S HOUSE CHURCH** ## **SUMMARY INCOME AND EXPENDITURE ACCOUNT** ## **for the year ended 28 February 2021** |Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**
Page 4|**2021**
**2020**
**£**
**£**
209,846
271,729| |---|---| ||209,846
271,729| ||258,318
218,210
3,127
5,211| ||261,445
223,421| ||-51,599
48,308| ||-51,599
48,308| ||| ## **THE FATHER'S HOUSE CHURCH** ## **BALANCE SHEET** ## **at 28 February 2021** |**Company No.**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
8 12,508
12,508
**Current assets**
Debtors
9 112,776
Cash at bank and in hand
165,226
278,002
**Net current assets**
290,510
**Total assets less current liabilities**
290,510
**Net assets excluding pension asset or liability**
290,510
**Total net assets**
290,510
**The funds of the charity**
**Restricted funds**
10
**Unrestricted funds**
10 290,510
General funds
290,510
**Reserves**
10
**Total funds**
290,510|**2020**
**£**
15,634| |---|---| ||15,634
60,345
266,130| ||326,475| ||342,109
342,109| ||342,109| ||342,109| ||342,109| ||342,109| ||342,109| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 28 February 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 28 February 2021 And signed on its behalf by: R. SOUZA FIDELIS Trustee 28 February 2021 Page 5 ## **THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS** ## **for the year ended 28 February 2021** ## 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. |**Income**|Income is included in the Statement of Financial Activities (SoFA) when the charity becomes| |---|---| |Recognition of income|entitled to, and virtually certain to receive, the income and the amount of the income can be| ||measured with sufficient reliability.| |Income with related|Where income has related expenditure the income and related expenditure is| |expenditure|reported gross in the SoFA.| |Donations and|Voluntary income received by way of grants, donations and gifts is included in the| |legacies|the SoFA when receivable and only when the Charity has unconditional entitlement to the| ||income.| ||Income from tax reclaims is included in the SoFA at the same time as the gift/donation to| |Tax reclaims on donations|which it relates.| |and gifts Donated services|These are only included in income (with an equivalent amount in expenditure) where the| |and facilities|benefit to the Charity is reasonably quantifiable, measurable and material.| |Volunteer help The value of any volunteer help received is not included in the accounts.| |---| |Investment income This is included in the accounts when receivable.| |This includes any gain or loss resulting from revaluing investments to market value
Gains/(losses) on| |at the end of the year.
revaluation of fixed assets| |Gains/(losses) on| |investment assets| This includes any gain or loss on the sale of investments. Pa8e 6 **THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on raising funds These comprise the costs incurred by the Charity in the delivery of its activities and services in Expenditure on charitable the furtherance of its objects, including the making of grants and governance costs. activities Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Freehold investment property** Investment properties are revalued annually and any surplus or deficit is dealt with throug the Statement of Financial Activities. No depreciation is provided in respect of investment properties. This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view. ## **Intangible fixed assets and amortisation** Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Page 7 ## **THE FATHER'S HOUSE CHURCH** ## **NOTES TO THE ACCOUNTS Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on h i i b l f h li bili Fi i d i di l l h di l the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Pension costs** The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. ## 2 **Company status** The company is a private company limited by guarantee and consequently does not have share capital. Page 8 |**THE FATHER'S HOUSE CHURCH**|**Unrestricted Total**| |---|---| |**NOTES TO THE ACCOUNTS**|**2021 2020**| ||**£ £**| |3**Income from donations and legacies**|209,846 271,729| ||209,846 271,729| |4
**Expenditure on raising funds**
_Fundraising trading costs_
5
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
6
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
7
**Staff costs**
No employee received emoluments in excess of £60,000.|7,099
258,318
**2021**
**£**
3,127
190,076
30,354
**Unrestricted**
**2021**
**£**
23,757
7,032
**£**
22,901
22,901
**Unrestricted**
**2021**|**Total**
**2020**
**£**
15,111| |---|---|---| |||15,111| |||**Total**
**2020**
**£**
116,292
15,845
25,162
14,874
45,033
1,004| |||218,210| |||**£**
**2020**
5,211| Page 9 ## **THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS** - 8 **Tangible fixed assets** |**Cost or revaluation**
At 1 March 2020
Additions
At 28 February 2021
**Depreciation and**
**impairment**
At 1 March 2020
Depreciation charge for the
year
At 28 February 2021
**Net book values**
At 28 February 2021
At 29 February 2020
9
**Debtors**
Other debtors
10
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Revaluation Reserves:**
**Total funds**
11
**Analysis of net assets between funds**
Fixed assets
Net current assets|**At 1 March**
**2020**
342,109
293,801|**2021**
**£**
112,777|**£**
29,761|**£**
29,761| |---|---|---|---|---| ||||29,761|29,761| ||||14127
3,126|8915
5,212| ||||17,253|14,127| ||||12,508|15,634| ||||15,634|20,846| ||||**Resources**
**expended**
**£**
-223,421|**At 28**
**Feb-21**
**£**
328,534| |||112,777||| |||**Incoming**
**(including**
**other**
**gains/losses**
**)**
**£**
209,846||| |||209,846|-223,421|328,534| ||||**Unrestricted**
**funds**
**£**
12,508
278,002|**Total**
**£**
20,846
272,955| ||||290,510|293,801| ## **resources** Page 10 ## **THE FATHER'S HOUSE CHURCH** ## **NOTES TO THE ACCOUNTS** 12 **Related party disclosures** ## _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. Page 11 ## **THE FATHER'S HOUSE CHURCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** **for the year ended 28 February 2021** |**Income and endowments from:**
Donations and legacies
**Total income and endowments**
**Expenditure on:**
Costs of other trading activities
**Total of expenditure on raising**
**funds**
Employee costs
Staff entertainment
Staff Cost
General administrative costs,
including depreciation and
amortisation
Depreciation of
Bank charges
Stationery and printing
Sundry expenses
Donation
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
Page 12
Premises costs
Rent
Premises repairs and maintenance
Motor and travel costs
Travel and subsistence
|7,032|209,846
**2021**
**£**
**Unrestricted**
**and total funds**|209,846
**2021**
**£**
**Unrestricted**
**and total funds**|271,729
**2020**
**£**
**Unrestricted**
**and total**
**funds**| |---|---|---|---|---| |||209,846||271,729| |||22,901
209,846||15,111
271,729| |||22,901||15,111| |||-
23,757
22,901||-
116,292
15,111| |||23,757||116,292| |||||| ||-|||| |||190,076||| |||3,127
330
2,041
1,011
4072
-||| |||10,581||| |||7,099||| |||7,099||| |||258,317||| |||258,317
-||| ## **THE FATHER'S HOUSE CHURCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** |**Net income**|**-51**,599 -51,599| |---|---| |**Net income before other**|-51,599 -51,599| |**gains/(losses)**|| |Other Gains|- -| |**Net movement in funds**|**-51**,599 -51,599| |Page 13||