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2020-12-31-accounts

Charity Registration No: 1170585

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation) Report and Accounts for the year ended 31 December 2020

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)

Legal and Administrative Information

Trustees

Mr Hanson Djiga Aboagye Mr Martin Eddu Ms Jacqueline Smith

Pastors/Key Staff

Colin Mason Yvonne Mason

Charity Number

1170585

Governing document

Trust Deed: 06 December 2016

Registered address

30 York Road Bourne PE10 0ZF

Bankers

HSBC Bank

Accountants

Crystal Accountancy 4 Blenheim Court Suite 2 Peppercorn Close Peterborough PE1 2DU

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)

Contents

Page
Trustee Annual Report 1 - 3
Report of the Independent Examiner 4
Receipts & Payment Account 5
Statement of Assets & Liabilities 6
Notes to the Financial Statements 7 - 8

LOVE HOUSE FELLOWSHIP

(Charitable Incorporated Organisation)

Trustees annual report for the year ended 31 December 2020

The Trustees have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The church seeks to demonstrate the Christian faith in action by working as a church in the Croydon and surrounding areas.

The vision of the church is:

to be a home group church, meeting the needs of members in their local community

by establishing 5 - 10 small home groups.

to bring the love of Christ to the community

to resource Christian work here and abroad

Government

The policy and operating decisions of the charity rest with the Trustees who meet periodically to monitor the activities of the Charity.

Review of Activities

During the last year due to the covid pandemic and governmental restrictions we have not been able to meet on a face-to-face basis and therefore have relied on meeting online via zoom. This has hampered our ability to do some of the work that we had planned to do.

A very important part of our work is discipleship, and we do this by modelling the Christian template of this by working in small groups just as Jesus Christ did with the twelve disciples. This as mentioned above has been hampered due to the covid pandemic.

In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.

Our videos series named “When Church Hurts” was launched this year and twenty episodes were released both through YouTube and podcast. We are endeavouring to build up an online presence using various social media platforms.

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LOVE HOUSE FELLOWSHIP

(Charitable Incorporated Organisation)

Financial Review

The Trustees are pleased to note that the accounts attached to this report indicate that the members have contributed generously to the activities of the church such that there is only a small difference between income and expenditure. At the end of the year the Trustees were not holding any funds for purposes outside the church’s direct local activities.

Reserves Policy

The Board of Trustees have set a policy of retaining sufficient cash reserves to meet the foreseeable needs of the Church. Where specific expenditure is anticipated amounts are set aside into designated funds to meet the costs of normal operations and expansion in membership to ensure that the Church can meet its commitments.

The level of general reserves is not set to a specific formula but is anticipated to be sufficient to maintain the level of committed expenditure over guaranteed income.

Grant Making Policy

Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable activities. There are no upper or lower limits of support.

Risk Management

We have liability insurance with Ansvar which covers: Church fellowship using hired, rented or loaned premises.

CHURCH ACTIVITIES: Weekly Sunday services, Church youth & children's clubs/mid-week meetings/parent & toddler group, After-school care/community work/nursery/playgroups.

2

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)

Trustees' Responsibilities in relation to the Financial Statements

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records, which 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 Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that the accounts comply with current statutory requirements and with those of the Church’s Trust Deed.

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Signature:………………...... Signature:........................

Name:………….................... Name:..............................Hanson D. Aboagye

Date: Date:21/10/2021

3

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)

Independent Examiner's Report to the Trustees of LOVE HOUSE FELLOWSHIP

I report to the trustees on my examination of the accounts of Love House Fellowship ("the charity") for the year ended 31 December 2020 on pages 5 to 8 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 Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed 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 which gives me cause to believe that in, any material respect:

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.

Victor Abe FFA

Crystal Accountancy 4 Blenheim Court Suite 2 Peppercorn Close Peterborough PE1 2DU

Date : 3 0 October 2021

4

LOVE HOUSE FELLOWSHIP

(Charitable Incorporated Organisation)

Receipts & Payment Account for the year ended 31 December 2020

Notes
£
Receipts
Voluntary Receipts:
Donations and gifts received
2
19,344
Charitable activities
2
Total Income
19,344
Payment
Charitable activities:
Expenditure on raising funds
3
-
Other charitable purposes
-
Governance costs:
Support and administration costs
4
27,617
Total Expenditure
27,617
Net Income/(Expenditure)
(8,273)
Funds Transfer
-
Net Movement in Funds
6
(8,273)
Balance at 01 January
13,593
Prior year adjustment
-
Balance at 31 December
7
5,320		 £
-
973
973
973
-
-
973
-
-
-
-
-		 Total
Funds
Total
Funds
2020
2019
£
£
19,344
47,757
973
1,659
20,317
49,416
973
1,879
-
-
27,617
33,873
28,590
35,752
(8,273)
13,664
-
-
(8,273)
13,664
13,593
1
-
(72)
5,320
13,593

The notes on pages 5 form part of these accounts.

5

LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)

Statement of Assets and Liabilities for the year ended 31 December 2020

1. Bank & Cash Balances

----- Start of picture text -----
||||| |---|---|---|---| |31 Dec|31 Dec| |2020|2019| |£|£| |Held at Bank|6|5,320|13,593| |Deposit Account|-|5| |5,320|13,598| |7|31 Dec|31 Dec| |2020|2019| |£|£| |Assets| |-|-| |-|-| |-|-| |Liabilities| |Accruals|450|450| |-|-| |450|450|

----- End of picture text -----

2. Assets & Liabilities

Except where indicated from the statement of receipts and payments or above, all the assets and liabilities are in respect of the charity’s unrestricted funds

The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO.

The accounts were approved by the trustees and signed on their behalf

Signature:………………...... Signature:........................ Name:………….................... Name:..............................Hanson D. Aboagye Date: Date:21/10/2021

6

LOVE HOUSE FELLOWSHIP

(Charitable Incorporated Organisation)

Notes to the Accounts for the year ended 31 December 2020

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes.

The accountancy profession have determined that only accounts prepared inaccordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared inaccordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

1.1 Receipts

Donations & legacies

Income from donations and gifts, is included in income when these are receivable

1.2 Payments

Resources expended are included in the Receipts & Payment account , inclusive of any VAT which cannot be recovered. Certain expenditure is attributable to specific activities and has been included in those cost categories.

2
Donations & legacies
Donations and legacies
Specific donations - Retreat & FIC Books
Advance -repayable
Investment costs
3
Expenditure on charitable activities
Retreat & FIC Books
4
Other expenditure:
Support and administration costs
Rent - service hall
Travel & petrol
Staff costs
Insurance
Website maintenance
Utilities
Governance & professional fees
Loan refund
Subscriptions(Christian Today)
General expenses		 Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
19,344
-
19,344
47,685
973
973
1,659
-
-
-
72
-
-
-
-
19,344
973
20,317
49,416
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
-
973
973
1,879
-
973
973
1,879
Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
-
-
-
-
2,400
-
2,400
3,156
24,000
-
24,000
29,000
233
-
233
226
372
-
372
306
162
-
162
290
450
-
450
450
-
-
353
-
-
-
48
-
-
-
45
27,617
-
27,617
33,873

7

LOVE HOUSE FELLOWSHIP

(Charitable Incorporated Organisation)

Notes to the Accounts

for the year ended 31 December 2020

Movement in Funds
At 01 January
Surplus/(Deficit) for the year
Prior year adjustment
At 31 December		 Unrestricted
Restricted
Total
Total
Funds
Funds
2020
2019
£
£
£
£
13,593
-
13,593
1
(8,273)
-
(8,273)
13,664
-
-
(72)
5,320
-
5,320
13,593

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular purposes and projects.

Christian retreat Balance
Balance
at 01 Jan 2020
Receipts
Payments
Transfers
31 Dec 2020
£
£
£
£
£
-
973
973
-
"Freedom In Christ" Books -
-
-
-
-
-
973
973
-
-

The annual 'Christian Retreat' was cancelled and deposit refunded due to the Covid-19 situation.

7
Liabilities: amounts falling due within one year
Accruals		 Unrestricted
Total
Total
Funds
2020
2019
£
£
£
450
450
450
450
450
450

8 Staff & Trustees

No loan was owed to the pastors in 2020 accounting year. No trustee was paid any wages or any person connected to them. The trustees maintained the wages paid to the pastors and also pay a percentage of their monthly utilities. The charity has two full time pastors, each paid a staff cost of £1,000 per month. The trustees approved £200 monthly travel expenses to help with the pastors visit to members homes and other church activities which is accounted for as part of wages to Colin Mason. No employee is paid above £60,000. The registered address of the charity remains at Bourne in Lincolnshire during the year.

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