## **Charity Registration No: 1170585**
**LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation) Report and Accounts for the year ended 31 December 2021**
**LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)**
## **Legal and Administrative Information**
## **Trustees**
Mr Hanson Djiga Aboagye Mr Martin Eddu Mrs Jacqueline Braithwaite-Smith Resigned 30th July 2022 Mrs Seriena Jackson Appointed 23 November 2021
## **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 61 Hallfields Lane Gunthorpe Peterborough PE4 7YL
## **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 2021**
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 and the vision of the church is:
to be a home group church
meet the needs of members in their local community by establishing house 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**
The ministry has continued to meet via zoom video on a weekly basis due to the distance between congregants and leadership who are now based in Bourne, Lincolnshire.
A very important part of our work continues to be 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. Another series of the freedom in Christ course programme was run over three months ending in January 2022 and continues to be a very resourceful tool for discipleship.
In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.
We are endeavouring to build up an online presence using various social media platforms.
1
**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:28/10/2022
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 2021 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:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
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 61 Hallfields Lane Gunthorpe Peterborough PE4 7YL**
_**Date** : 31 October 2022_
4
## **LOVE HOUSE FELLOWSHIP**
## **(Charitable Incorporated Organisation)**
## **Receipts & Payment Account for the year ended 31 December 2021**
|**Notes**
**£**
**Receipts**
_Voluntary Receipts:_
Donations and gifts received
2
9,680
Charitable activities
2
**Total Income**
9,680
**Payment**
_Charitable activities:_
Expenditure on raising funds
3
-
Other charitable purposes
-
_Governance costs:_
Support and administration costs
4
14,773
**Total Expenditure**
14,773
**Net Income/(Expenditure)**
(5,094)
**Funds Transfer**
-
**Net Movement in Funds**
6
(5,094)
**Balance at 01 January**
5,320
**Prior year adjustment**
-
**Balance at 31 December**
7
226|**£**
-
4,489
4,489
4,489
-
-
4,489
-
-
-
-
-|**Total**
**Funds**
**Total**
**Funds**
**2021**
**2020**
**£**
**£**
9,680
19,344
4,489
973
14,169
20,317
4,489
973
-
-
14,773
27,617
19,263
28,590
(5,094)
(8,273)
-
-
(5,094)
(8,273)
5,320
13,593
-
-
226
5,320|
|---|---|---|
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 2021**
## **1. Bank & Cash Balances**
|Held at Bank
6
Deposit Account
**2. Assets & Liabilities**
7
_Assets_
_Liabilities_
Accruals|**31 Dec**
**31 Dec**
**2021**
**2020**
**£**
**£**
226
5,320
-
5
226
5,325
**31 Dec**
**31 Dec**
**2021**
**2020**
**£**
**£**
-
-
-
-
-
-
450
450
-
-
450
450|
|---|---|
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:28/10/2022
6
**(Charitable Incorporated Organisation)**
## **LOVE HOUSE FELLOWSHIP**
## **Notes to the Accounts for the year ended 31 December 2021**
## **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
Advance- repaid
Training
Printing, postage & stationery
Telephone|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
6,690
-
6,690
19,344
4,489
4,489
973
2,990
-
2,990
-
-
-
-
-
**9,680**
**4,489**
**14,169**
**20,317**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
-
4,489
4,489
973
**-**
**4,489**
**4,489**
**973**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
609
-
609
-
161
-
161
2,400
7,550
-
7,550
24,000
240
-
240
233
2,635
-
2,635
372
200
-
200
162
450
-
450
450
2,549
-
2,549
-
60
-
60
-
64
-
64
-
255
-
255
-
**14,773**
**-**
**14,773**
**27,617**|
|---|---|
7
## **LOVE HOUSE FELLOWSHIP**
## **(Charitable Incorporated Organisation)**
## **Notes to the Accounts**
## **for the year ended 31 December 2021**
- **5** As stated in note 1, the accounts for the year ended 31 December 2021 have been prepared on the 'receipts and payments' basis (i.e. the amounts received and paid from bank accounts). The opening and closing figures in the
- Receipts and Payments Account therefore reflect the bank and cash balances held by the charity at the beginning and end of the year.
|**6**
**Movement in Funds**
**At 01 January**
Surplus/(Deficit) for the year
Prior year adjustment
**At 31 December**|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
5,320
-
5,320
13,593
(5,094)
-
(5,094)
(8,273)
-
-
-
**226**
-
**226**
**5,320**|
|---|---|
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 2021
Receipts
Payments
Transfers
t 31 Dec 2021
-
4,489
4,489
-|
|---|---|
|"Freedom In Christ" Books|-
-
-
-
-|
||**-**
**4,489**
**4,489**
**-**
**-**|
The annual 'Christian Retreat' was cancelled and deposit refunded due to the Covid-19 situation.
- **7 Liabilities: amounts falling due within one year**
|**Liabilities: amounts falling due within one year**
Accruals|**Unrestricted**
**Total**
**Total**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
450
450
450
**450**
**450**
**450**|
|---|---|
## **8 Staff & Trustees**
£441 was owed to the pastors in 2021 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.
8