2022-04-05-accounts - House Of Favour International Church Wolverhampton (Restoration Centre)

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Tru8te•8' Annual Report lor lh• p•rfod From 06 2021 T• SW2•22 Ch•rlty n8m•' HouB• ol F•vqMK Inl•rii•ll¢Thl CIMweh R•sttYatlon C•ntr•) Ch•rlty r•gi•tr•tlon numb•i: 1171413 Obiectlves and Actlvlll•• Sun)w crf Ihe purpws ol Ihe tharity as sel oul in It8 werThng thmen1 couns•lli Summary ol the maln at11e$ in relawn lo ttK)se purposes for the wt4ic benefit. in part]laT. the acts'vitses, proFcts or seTViQS thntifd in the acr£wnts. P• 1.17 downs Siamenl cDnfiTming thef the trustees have regard io Ihe guidance iSSL by Charty Pa 1.18 regard to th• l•••d ty If• benefit Addltlonal Inlormlon (opi101) You ma thcM)se to Indude further r•Y1 atrfx Pw• i.¥ Polw Woni mokbng WA Polb¢y 60oal Jn¥ofjtrWI Irbcludwbg prog10ffl iolalod Irbvestrnt WA Pw• 1.11 contnbutsC ty volunteers cs Camscanner

Olher Achievements and Performance charlty has been abh lo provlde Ilnancial support to those In s•rious noèd. have helped In piovidlnq food, accommodation and counsolling f¢x most people on the street WI arn lighting with depression and out Lrf i)b. The charrty organises CHARrrf DAY once every month where clothes. shoes, household stuff, toys and lots ar• given freely to the general public to help reduce poverty. Christmas parties are organised yearly which is open to the general public. The chafity has been able to build confidence in those that were depressed, neglected, thereby helping them to start a new lrfe with hope for better tomorrow. Summary ol the ma achievements ol the tharity. Identifying the differen ihe chanty's work has made lo the circumstance5 of rts beneficiarie5 and any WKler benefits lo society as a whole. P¥0 120 Additional informion loptional) You ma cose lo Indude further aternents where levant ab.. Achievements against obieciives sei Pa 1.41 Pertormance ol lundraisng aclivilies against ct)Jectives sel Pwa 1.41 Inve61m8nl perfNman against obpctives Pw• 1.41 Other cs Camscanner

Funds held as custodian trustees on behalf of others D&scriplion ol Ihe assets held In llis capadty none N8m& obPCts ol Ihfr charity on whose behall ihe assets ar8 hehj and Ihls lalls within the cuslc•JiaD charfty's otyects none Details ol arrangerrtnts safe cuslcrtty and segregatK)n ol suth assets trom Ihe charity's CA¥n assets none Addltional Information (optional) Names and a(klr•ssos of advisors (Optional infomhltion) Type of Name Address adviser Name of chief eXec1ve or names of senior staff rnembers (Optional inlorni*ion) Exemptions from disclosure Reason non4isck)sure of ke rs(Thel detsils Other o tional information cs Camscanner

Declarations The tnlee5 dKlare that tly have aped tlw tntsl805' rnport above. Signed on behalf of the charlty's Intstoe• Signature(s) Full namels Lucky Pknses Okglm) Position (eg Secrotary, Chair, etc) Pastor {Chairl &cKd 14107rJJ22 cs Camscanner

CHARITY COMMISSION FOR INGIAND AND WAIES Receipts and payments accounts CC16a Fry th• pwlod To Section A Receipts and payments UnrestrKthd . Re51tict¢d lur Endowment lunds A1 Rocei Church (• a)79 11 Vtry Th Gth AMJ HklRCffighxMts T.1J5 1ffi7S If.ItJ to ARJ {see tatslel. Totsl re¢wpts A3P P05twJg & Sktvjrrfry Cwml SthL$c• XQ8 1617 12 1617 147 & Tr 167 Ga5 2.012 IM2 cMFch 1(ry Pnthrwj 811&7 Rorrt 19K•4 IIWO ITJ S&w 9J54 1.635 57.1 Ix Sub ST.1Q7 A4 Asset Jnd Insirn•nt urchas•• sub TOt4p•ynS 57,t07 57.107 45,542 Net 0frncwrfyTrts) . A5 Translers bel%•• lundi A6 Cash lunds lam r end Cash fvnLls this yaar end 15.2 152n 15.87 CCXX R1 ISSI 13NJ7f2022 cs Camscanner

Section B Statement of assets and Ilabllltles at the end ol the perlod CDt•gortg1 Ikw••trki•d Fl•sirlct•d EAlowm•nl 81 C•sh fun Tothl csh lurnfs Detalls alls B3 In¥•strn•nt ass•ts Deiai15 64 Ass¢t$ rrfain•d lor lh• charlty's own us• F Fw¥t• ¥Jhkh 85 Llabllttl•• S¥Jj by or• ¢y Irurtwl ¢YI be1 ol al fv ttug1808 Dale ol Pdni Nllme CCXX R2 ISSI 1W712022 cs Camscanner

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Narnes of the charl¢y Irusteès who mary the charlty Truth• rn• Offk• (11 vI ••rrf Lucky Moses otagho Maris Agheth) pastt SecretsryldeacoS Joy Imah'don deaconess 10 12 13 14 15 16 17 18 19 20 Tale trustees - names of the directors al the date the I Dir•ctor naTh was NONE Nam of Iruslees trolding Ill lo property b8kMn9 lo Ihe charily Trusth• nam• li*•• Ki•d wlK>I• NONE cs Camscanner

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Independent examiner's report on the accounts

INDEPENDENT EXAMINATION REPORT TO THE TRUSTEES OF HOUSE OF FAVOUR INTERNATIONAL CHURCH, WOLVERAMPTHON, UK ON THE ACCOUNTS FOR THE YEAR ENDED 5[TH] APRIL 2022

INTRODUCTION

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5[th] April 2022.

Responsibilities and basis of report

As you are aware, as trustees of the charity organisation (House of Favour), you are charged with the responsibility of preparing of the Charity accounts in accordance with the requirements of the Charities Act 2011 (“the Act”) and the Charity’s Constitution.

I therefore make this report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under CC32 of 2008.

Independent examiner's statement

The charity’s gross income was less than £250,000 hence I am qualified to undertake the examination given the fact that I have the required training, knowledge, and skills in accounts to carry out Independent Examination.

I have completed my examination and details are herein presented as follows:

METHODOLOGY

The approach adopted in this review was a sample-based Examination of Accounts using the Block Selection Technique. I opted for this method given the fact that the Charity never provided data on fixed assets, petty cash transactions and liabilities. I therefore chose to examine only accounts whose transactions were through the bank from 6[th] April 2021 to 5[th ] April 2022.

RESULTS OR FINDINGS

a. The accounting records were kept in accordance with section 130 of the Charities Act although poor filing system was noted. All the records required for the smooth Independent Examination like the budget estimates, bank statements, Minutes of the Trustees’ meetings and remittance advice slips were produced on demand. Some payments in sundries had not been segregated on requisition forms and payment vouchers.

Implication

The Charity was at a risk of occasioning wrong posting of some accounts. The Charity was advised to improve on the way they record transactions on requisitions and payment vouchers by segregating transactions.

b. The accounts complied with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 and UK Rules on How Charities Work in the UK. The all the Trustees were involved in the preparation and approval of the accounts as evidenced in the minutes of the Trustees’ meetings.

Implication

The Charity was doing well as far as compliance with the Legal Frameworks regulating the financial accounting procedures in place.

c. The church was supporting vulnerable church members and the community with food items which was in line with the Church’s mission, thus as per their mission statement as stated in the Charity’s Constitution. Supporting evidence was provided.

Implication

This was yet another evidence of compliance with the Legal Frameworks regulating the financial accounting procedures in place.

Notwithstanding the above, the following are worth noting:

Some of the examination of this review was based on verbal submissions
The record keeping had greatly improved.
No record on Fixed Assets and liabilities were available for examination
There were revolving funds that were said to be lent to some vulnerable church members, but the records were not very clear

APPRAISAL REPORTS

No appraisal reports were seen. Although evidence of payment of salaries and wages through bank into the beneficiaries’ accounts was seen, no evidence on formal employment structures and payroll were seen.

RECOMMENDATIONS

A revolving Fund Account must be created separate from the main account for proper flow of the transactions

Must access a bookkeeping service to facilitate proper accounting record keeping. The Trustees must employ a part-time Bookkeeper to be posting the Books of Accounts twice in a month.

The trustees must review the internal control regularly and if possible, engage independent reviews mid-term (after 6 months) to assess their progress in strengthening internal controls.

The Church must employ a Church Administrator to help the Pastor in Finance and Administrative functions. This will ease filling system/record keeping, staff appraisal, and payroll management among others

The Trustees should always co-opt a minute Secretary to record the Trustees’ meetings other than the Secretary to the Trustees whose concentration and participation during the meetings is vital.

CONCLUSION

Recommend proper filing system and having staff to handle finance and administration issues.

Proper payment system (requisition, payment voucher, authorise and approval) noticed and should be maintained and improved.

Except for the concern raised above, the accounts are true representation of the charity’s affairs.

Signed: Date: 23/06/2022 Name: Charles Isabirye