THE FATHER'S HOUSE CHURCH
Charity No. 1165638
Company No.
Trustees' Report and Unaudited Accounts
28 February 2022
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 | 5 | |
| Balance Sheet | 7 | |
| Notes to the Accounts | 9 | |
| Detailed Statement of Financial Activities | 15 |
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 2022.
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
R. SOUZA FIDELIS
NIELE GARCIA DE FREITAS Accountants
TRUE MANAGEMENT CONSULTING
C/o TMC London Accountants 17 Hanover Squar, London, W1S 1BN.
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 2022
Page 2
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.
Page 3
THE FATHER'S HOUSE CHURCH STATEMENT OF FINANCIAL ACTIVITIES for the year ended 28 February 2022
| 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 Page 5 |
Unrestricted Unrestricted and total funds and total funds 2022 2021 £ £ 320,451 209,846 320,451 209,846 64,882 22,901 203,351 238,544 268,233 261,445 - - 52,218 -51,599 52,218 -51,599 290,510 342,109 342,728 290,510 t |
|---|---|
THE FATHER'S HOUSE CHURCH
SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the year ended 28 February 2022
| 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 6 |
2022 2021 £ £ 320,451 209,846 |
|---|---|
| 320,451 209,846 |
|
| 268,233 258,318 2,502 3,127 |
|
| 270,735 261,445 |
|
| 49,716 -51,599 |
|
| 49,716 -51,599 |
|
THE FATHER'S HOUSE CHURCH
BALANCE SHEET
at 28 February 2022
| Company No. Notes Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 10 Unrestricted funds 10 General funds Reserves 10 Total funds |
2022 2021 £ £ 10,006 12,508 10,006 12,508 162,937 112,776 167,285 165,226 330,221 278,002 340,227 290,510 340,227 290,510 340,227 290,510 340,227 290,510 340,227 290,510 340,227 290,510 340,227 290,510 |
|---|---|
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 2022 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 2022
And signed on its behalf by:
R. SOUZA FIDELIS Trustee
28 February 2022
Page 7
THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS
for the year ended 28 February 2022
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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed assets at the end of the year. Gains/(losses) on investment assets
This includes any gain or loss on the sale of investments.
Page 9
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.
d d h d b
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 10
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 11
THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS
3 Income from donations and legacies
| Expenditure on raising funds Fundraising trading costs Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs Net income before transfers This is stated after charging: Depreciation of owned fixed assets |
Unrestricted Unrestricted 7,099 258,318 2021 £ 3,127 2022 £ 2,502 30,354 3,234 203,351 2021 £ 23,757 7,032 190,076 22,901 22,901 Unrestricted 209,846 £ £ Unrestricted £ 2021 Unrestricted 2022 £ 320,451 2021 320,451 2022 48,468 £ 27,415 18,486 105,748 64,882 64,882 Unrestricted 2022 209,846 |
|---|---|
4 Expenditure on raising funds
-
5 Other expenditure
-
6 Net income before transfers
-
7 Staff costs
No employee received emoluments in excess of £60,000.
Page 12
THE FATHER'S HOUSE CHURCH NOTES TO THE ACCOUNTS
| 8 Tangible fixed assets Cost or revaluation At 1 March 2021 Additions At 28 February 2022 Depreciation and impairment At 1 March 2021 Depreciation charge for the year At 28 February 2022 Net book values At 28 February 2022 At 29 February 2021 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 2021 Opening 290,510 290,510 |
2022 £ 29,761 29,761 17,253 2,502 19,755 10,006 12,508 162,937 162,937 Incoming (including other gains/losses ) £ 320,451 320,451 10,006 340,227 350,233 |
2021 £ 29,761 |
|---|---|---|---|
| 29,761 | |||
| 14,127 3,126 |
|||
| 17,253 | |||
| 12,508 | |||
| 15,634 | |||
| 2,021 £ 112,777 |
|||
| 112,777 | |||
| Resources expended £ 270,735 |
|||
| 270,735 | |||
| Unrestricted funds £ 12,508 278,002 |
|||
| 290,510 |
Page 13
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 14
THE FATHER'S HOUSE CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 28 February 2022
| 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 Motor and travel costs Travel and subsistence Premises costs General administrative costs, including depreciation and amortisation Depreciation of Bank charges Stationery and printing Sundry expenses Donation Telephone, fax and broadband Rates Temporary Staff Light, Heat & Energy Software Insurance Repair & maintenance Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Rent Premises repairs and maintenance |
18,486 7,032 18,486 7,032 90,119 178,338 15,629 11,738 105,748 190,076 2,502 3,127 3,806 330 3,896 2,041 1,284 - 1,011 4,606 4,072 4,671 20,782 1,958 2,010 1,706 3,751 50,970 10,581 3,234 7,099 3,234 7,099 270,735 258,317 270,735 258,317 64,882 64,882 22,901 22,901 320,451 320,451 320,451 Unrestricted and total funds 2021 £ - 23,757 - 23,757 - 27,415 27,415 209,846 209,846 209,846 2021 £ £ Unrestricted U and total funds a n |
|---|---|
| 320,451 | |
| 64,882 320,451 |
|
| 64,882 - 27,415 |
|
| 27,415 | |
| 18,486 | |
| 18,486 | |
| 90,119 15,629 |
|
| 105,748 | |
| 2,502 3,806 3,896 1,284 - 4,606 4,671 20,782 1,958 2,010 1,706 3,751 |
|
| 50,970 3,234 |
|
| 3,234 | |
| 270,735 | |
| 270,735 |
Net gains on investments - -
Page 15
THE FATHER'S HOUSE CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
| Net income | 49,716 -51,599 |
|---|---|
| Net income before other | 49,716 -51,599 |
| gains/(losses) | |
| Other Gains | - - |
| Net movement in funds | 49,716-51,599 |
| Page 16 |