## **REDEEM HOUSE MINISTRY**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 30[th] NOVEMBER 2020**
**CHARITY NUMBER: 1165704**
## **REDEEM HOUSE MINISTRY 26 SOUTH FARM ROAD LEEDS LS9 6QW**
**INDEX Page Index 1 Trustee’s Report 2-3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6**
**1**
## **REDEEM HOUSE MINISTRY**
# **TRUSTEES’ REPORT YEAR ENDED 30[th] NOVEMBER 2020**
The trustees are pleased to present their report for the year ended 30[th] November 2020 for the charity, Breakthrough Family Ministries with charity number 1165704.
The Trustees of the charity are: Rev Rahab Njoroge Ms Mary Wahu
Mr Richard Njoroge
The principal address of the charity is : 26 South Farm Road Leeds
LS9 6QW
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a declaration of trust that was executed 23[rd] February 2016 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **OBJECTIVES AND ACTIVITIES**
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
## **ACHIEVMENTS AND PERFORMANCE**
The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several bible training conferences during the year in which individuals came from all around the country to attend. The activities were limited by the pandemic and meetings for some months were held online via social media.
**2**
## **FINANCIAL REVIEW**
The income of the charity is above £16,000. This is a higher amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and running special programs. A grant received from the council helped them to support the vulnerable in the community.
.
## **RESERVE POLICY**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
## **RISK MANAGEMENT**
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 26[th] December 2022 and signed on their behalf by:
_____________________________________________
**3**
## **REDEEM HOUSE MINISTRY**
## **ACCOUNTS FOR YEAR ENDED 30th November 2020**
## **1. Receipts & Payments Account(General Purpose Fund)**
|**£**
**Income Receipts**
Tithes and Offerings
Grant
**Total Receipts**
**Direct Charitable Expenditure**
Rent
Substitence
Hospitality, events & conferences
Motor Expenses
Light & Heat
Bank Charges
Stationery & Printing
Events
Telephone & Postage
Repairs & Maintenance
Professional fees
Gifts & Donations
Church Supplies
Accounting Services
Admin
Web hosting
Subscriptions
**Other Expenditure**
Equipments
Travel
Fixtures & Fittings
**Total Payments**
**Net Receipts/(Payments) for the year**
Cash Funds at start of the year
**Cash Funds at end of the year**|**2020**
2019
6503
6378
10000
0
**16503**
6378
_________
_________
0
420
0
8
342
1126
799
2329
814
319
30
326
17
45
4059
0
435
455
1800
0
4103
510
1621
183
470
0
180
0
701
490
181
74
213
132
**15765**
**6417**
0
0
759
0
0
759
0
**16524**
6417
-21
-39
22
61
_________
_________
**1**
22
_________
_________|
|---|---|
**4**
## **REDEEM HOUSE MINISTRY**
|**2 **|**.Statement of Assets and Liabilities at 30th November 2020**|**.Statement of Assets and Liabilities at 30th November 2020**||
|---|---|---|---|
|||**2020**|**2019**|
||**Cash Funds**|**Unresticted**||
|||**Funds £**|**£**|
||Cash at bank|1|22|
|||_________|_________|
||**Total Cash Funds**|22|22|
|||_________|_________|
||**Assets Retained for the**|||
||**Charity's Own use**|||
||Fixtures & Fittings|||
||Musical Instruments|||
||Equipment|1050|1312|
|||_________|_________|
|||1050|1312|
||**Liabilities**|||
||Accounting Fee|180|180|
Approved by the Trustees and signed on their behalf:
-------------------------------------------------------------------------------
5
## **REDEEM HOUSE MINISTRY**
## **ACCOUNTING POLICIES**
## **Basis of Accounting**
These accounts have been prepared on the receipts and payments basis under Charities Act 2011
## **Funds**
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
## **Trustees' Remuneration**
No trustee was employedby the charity during the financial year. All work carried out during the financial year was carried out by voulunteers.
## **Depreciation**
Depreciation is calculated at 20% reducing balance method
6