Charity Registration No: 1170585
LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation) Report and Accounts for the year ended 31 December 2022
LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)
Legal and Administrative Information
Trustees
Mr Hanson Djiga Aboagye Mr Martin Eddu Mrs Seriena Jackson
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 2022
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
Structure, Governance and Management
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 is now focused in Bourne, Lincolnshire as this is where the leadership reside.
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.
In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission.
We are continuing with an online presence using various social media platforms.
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LOVE HOUSE FELLOWSHIP
(Charitable Incorporated Organisation)
Financial Review
The Trustees have acknowledged that it takes time to develop the ministry in a new location and this is reflected in the financial reporting of contributions made towards the activities of the church. 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.
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LOVE HOUSE FELLOWSHIP
(Charitable Incorporated Organisation)
Responsibilities of trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Signature:………………...... Signature:........................ Trustee Trustee Sereina Jackson Name:………….................... Name:..............................Hanson D. Aboagye
Date: Date:30/10/2023 31/10/2023
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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 2022 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 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:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of
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accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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 2023
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LOVE HOUSE FELLOWSHIP
(Charitable Incorporated Organisation)
Receipts & Payment Account for the year ended 31 December 2022
| Notes £ Receipts Voluntary Receipts: Donations and gifts received 2 15,941 Charitable activities 2 Total Income 15,941 Payment Charitable activities: Expenditure on raising funds 3 - Other charitable purposes - Governance costs: Support and administration costs 4 12,990 Total Expenditure 12,990 Net Income/(Expenditure) 2,951 Funds Transfer (1,048) Net Movement in Funds 6 1,903 Balance at 01 January 226 Prior year adjustment - Balance at 31 December 7 2,129 |
£ - - - 1,048 - - 1,048 (1,048) 1,048 - - - |
Total Funds Total Funds 2022 2021 £ £ 15,941 9,680 - 4,489 15,941 14,169 1,048 4,489 - - 12,990 14,773 14,038 19,263 1,903 (5,094) - - 1,903 (5,094) 226 5,320 - - 2,129 226 |
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The notes on pages 5 form part of these accounts.
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LOVE HOUSE FELLOWSHIP (Charitable Incorporated Organisation)
Statement of Assets and Liabilities for the year ended 31 December 2022
1. Bank & Cash Balances
| Held at Bank 6 Deposit Account ets & Liabilities 7 Assets Liabilities Accruals |
31 Dec 31 Dec 2022 2021 £ £ 2,129 226 - - 2,129 226 31 Dec 31 Dec 2022 2021 £ £ - - - - - - 450 450 - - 450 450 |
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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:........................ Trustee Trustee Sereina Jackson
Name:………….................... Name:..............................Hanson D. Aboagye
Date: Date:30/10/2023 31/10/2023
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LOVE HOUSE FELLOWSHIP
(Charitable Incorporated Organisation)
Notes to the Accounts for the year ended 31 December 2022
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 Gift Aid Rebate Other income 3 Expenditure on charitable activities Retreat & FIC Books 4 Other expenditure: Support and administration costs Hall hire Bank charges Travel & petrol Staff costs Insurance Website maintenance Utilities Governance & professional fees Advance- repaid Training Printing, postage & stationery Subscriptions Telephone |
Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 4,510 - 4,510 6,690 - - 4,489 - - - 2,990 11,415 - 11,415 - 16 - 16 - 15,941 0 15,941 14,169 Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ - 1,048 1,048 4,489 - 1,048 1,048 4,489 Unrestricted Restricted Total Total Funds Funds 2022 2021 £ £ £ £ 77 - 77 609 61 - 61 - 2,140 - 2,140 161 4,400 - 4,400 7,550 243 - 243 240 494 - 494 2,635 605 - 605 200 450 - 450 450 807 - 807 2,549 1,952 - 1,952 60 100 - 100 64 1,662 - 1,662 - - - - 255 12,990 - 12,990 14,773 |
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LOVE HOUSE FELLOWSHIP
(Charitable Incorporated Organisation)
Notes to the Accounts for the year ended 31 December 2022
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5 As stated in note 1, the accounts for the year ended 31 December 2022 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
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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 2022 2021 £ £ £ £ 226 - 226 5,320 1,903 - 1,903 (5,094) - - - 2,129 - 2,129 226 |
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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 | at | Balance Balance 01 Jan 2022 Receipts Payments Transfers t 31 Dec 2022 - - 1,048 (1,048) - - - - - |
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| - - 1,048 (1,048) - |
The annual 'Christian Retreat' for 2022 was postponed to 2023. 25% Refund is expected in 2023 along with other costs.
| 7 Liabilities: amounts falling due within one year Accruals |
Unrestricted Total Total Funds 2022 2021 £ £ £ 450 450 450 450 450 450 |
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8 Staff & Trustees
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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