## **Trustees’ Annual Report for the period** **From 06 Apr 2022 To 5 April 2023** ## **Charity name: House of Favour International Church (Wolverhampton Restoration Centre)** ## **Charity registration number: 1171413** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To advance the Christian faith and relief**
**poverty of the general public by**
**providing goods to those in need which**
**they could not otherwise afford through**
**lack of means. goods like food,**
**accommodation, financial support and**
**counselling.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|**The charity was involved in providing**
**material**
**and**
**spiritual**
**support**
**to**
**vulnerable people and church members.**
**This included implementing support**
**strategies to minimise the negative well-**
**being and social welfare impact of covid**
**pandemic and its consequential lock**
**downs**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**I can confirm that the trustees have had**
**regard to the guidance issued by the**
**charity commission on public benefit**| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **N/A** Para 1.38 Policy on grant making **N/A** Para 1.38 Policy on social investment including program related investment **N/A** Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The charity has been able to provide**
**financial support to those in serious**
**need. have helped in providing food,**
**accommodation and counselling for**
**most people on the street who are**
**fighting with depression and out of job.**
**The charity organises CHARITY DAY**
**once every month where clothes, shoes,**
**household stuff, toys and lots more are**
**given freely to the general public to help**
**reduce poverty. Christmas parties are**
**organised yearly which is open to the**
**general public. The charity has been able**
**to build confidence in those that were**
**depressed, neglected, thereby helping**
**them to start a new life with hope for a**
**better tomorrow.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**The financial position of the charity**
**remains**
**challenging**
**due**
**to**
**the**
**escalation of financial demands; more**
**people need support. The people visiting**
**our food banks and other support**
**services**
**have**
**increased.**
**However,**
**current the fundraising initiatives are in**
**place to help improving the financial**
**position. The receipts from grants,**
**HMRC & refunds will be reported**
**separately in order to closely monitor**
**them.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|**Offering, tithe, voluntary contribution**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**None**| |A description of the principal
risks facing the charity|Para 1.46|**None**| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||**Whose only voting members are its**
**charity trustees.**| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**CIO dated 1st February 2013**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Constitution of a charitable**
**organisation.**
**House of favour international**
**church(Restoration centre).**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Method of selection include regard to**
**the skills, knowledge and experience**
**needed for effective administration of**
**CIO.**
**Persons who can appoint one or more**
**trustees are: Lucky Moses Otagho,**
**Maris aghedo and joy Imafidon.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|House of favour international church(Restoration centre)| |---|---| |Other name the charity uses|| |Registered charity number|1171413| |Charity’s principal address|28 wood street
Wolverhampton
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Lucky Moses
otagho|pastor||| ||Maris Aghedo|Secretary/deacones
s||| ||JoyImafidon|deaconess||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name NONE** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**NONE**||| |||| |||| |||| |||| |||| Funds held as custodian trustees on behalf of others Description of the assets held in this capacily None Name and objects of the chaftiy on whose behalf the assets are held and how this fall wilhrn the custodian charil 's ob'ects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Non• None Additional infomiatlon (optlonal) Names and addrtsses ol advl¥ers (Optional Infomiatlonl Type of Narne Address adviser Name of chigf executive or names of senior staff members {Optlonal Inforniationl Exemptions from disclosure Reason for non4isclosure of ke ersonnel details Other o tional inforniation Declarations The trustees declare that they havo approved the trustses, roport above. Signed on behalf of the charity's tru8ts98 Slgnaturels) Full name(sl Position (eg Socrèlary, Chalr, etc) Lucky Moses Olagho Pastor (Chair) Maris Aghedo Secrelaryldeaconess Date 1210412023 CHARIIY COMMISSION Wolv•*h4rnpton IR••lory¥Dn C•thtr•l Recei ts and ments accounts CC16a For p•rlod Irom 06IN12022 0510412023 Section A Receipts and payments Llhrefjtricl•d lund• lolhn•*r¥¥l R8sirl¢t•d Endo¥vrnenl lund$ Totsl ftsnd• tA•iy•ar IDlhq n•w••t ch￿￿h CrfTMng 21.654 J.493 750 222 262 74.fjy 3,49) 750 25,379 200 7fj3 I,￿7 CIRÈftind5 Grdnts %.SFS 3,315 tota AR) .903 set an 6ee table. nvestment 5a Total rpcdpts .963 41.830 POSW a 352 JSQ J.426 1.617 1.84T 1.a 390 1.$05 897 1.505 & Trav Y4ler CIE8￿￿9 S 5ardla Topniry9 & D￿dUpPlI￿ll K{￿J￿ Eq￿ t67 1.120 226S 1J74 1,274 tllLLLI &4DD 2.D12 ¢Th￿r￿Alln￿ 254 19.054 IJJC 132DO In5urdnce t,1 051 35,7J3 ¢$1 733 Sub tolal ST.IJ7 A4 AÈ%8t *fid In¥tstffl•nt Sub total T0¢•lp•yM￿t5 33.7JJ JI73J 57.tQ7 Nel olrncolpts/(p•ymèntsJ AS TrAnslèrn furtd• Afj Cash fund* l•it ￿&1 •nd *sh funds Ihl$ y•ar •nd 1.2JO 12JQ 1&277 10,130 10.1J CCXX Rl Issi IltWJ)23 Section B Statement of assets and liabilitles at the end of the period Unrestri¢tg lund* h)M•rwlÉ Rgjtrictod lunds to n••M*t£ ndowmpnl lynd 81 Cash lund$ baLinEe rotal ¢4sh ftsnds 10.1JO Unr•iklctod fund• toN4rw4tE RMtrlclod funds Endo*rn•nt lund IDnwaMSt£ Fur￿ lowhkh •ss•t CO￿10p￿Drdj CurT•nlb¥ Det351s 83 IrThrystrn¢th¢ assets Fund towhkh s•1 belon untysththo CoBt{op Cwrnrrtnlu¢ B4 Assets retained forlh• haritys ¢)wn ustr Fumth Unreslnc fvlv*Eq￿w0nts Unrestttltd vnfesvti FUndt•￿￿￿h 85 Uablllu byonB Dr￿ ￿MI9￿30n Slgnaiura Pthl N8m8 Data of roval CW R2 ooxxmt8 IS51 11W1023 Seciion B Sialemeni of assets and liabilities at the end of the period Unr•ilrltt•d lund* EDdowiiignl 23 roi•l ¢•sh lund¥ io,i)o Unr••trlcl•d lund• R•6irlci•d lund Endowm•ni lund• Deiail$ F￿d 10 Details UnrB$lii18d un￿$1￿￿00 Un[￿11￿ FI￿￿tt & Detaili Fwdt• whkh &fviur8 Prini Namo Date of roval XX R2 •xayts Issi 11lOW CHARIIY COMM15510N roR INGIANts APJD VIAIIS Wolv•th&mplon (Rovlornllort Contrnl Recel ts and a ments accounts CC16a Forth• pryibod Irom 0610412022 o&n412023 Section A Recpipts and payments Unrvstrlcl•d fund¥ lolh EndDwm¢nl lund L••ty•ar Tolal lund• Al Rvul ?4.B54 2s.rl 797 200 %.67S ross AR) 961 an Soe t•ble. rN•*im•ht 34,963 41.83 Pasty & Sklthity isz 3.3SD 5.42e 2.617 1.617 39B 1.5Q5 •97 15 1.SQS 15 Oe¥nin9S Z2fj5 1.274 5.*JO ￿1￿C Eq￿Qnth GAS 1274 S960 1012 254 iJJoo InSu￿r￿* Vlo9e5 Sub ioial >J,yJJ JJ.7J) SF.IOT A4Asul and In¥eslm•rtt Sub iol•l rot•lp•ymont$ 3J.73J )).73J 57.107 Nol 9lrnC•lpl￿(P0Ym0nI￿j AS botw••n lund• A6 Cjih lundi la•1 •hd C•8h lunds Ihlj y••r•nd 1.2JO 1,2JQ 1&2T7 10,13 10.1JO 9L CCXXR1 ISSI 11W2023 Section 8 Statement of assets and liabilitles at the end of the period UDre3tri¢to lund• ioM•rMIÈ R￿SITIGtod lunds Erydowmpnl lund 81 C•sh lunds rotal cash funds 10,13 Unro•lrtcto0 funds Rostrfcthd funds Endowrnert fund$ ar•st£ Fund iowhlth Dgtsils co￿l0p￿r4 B3 IrNtystment assets Fund I ￿ltsn CostlopOtsJ411 B4 Ass•ts retslned forthe charltys ovm use H0Bt4rs UnrqstrKlpd Pmtqi lth￿cted Fundtowhkh knwntdu• BS Llablllu Dyong ormv InM¢ogAan bèhoKofal ￿l￿t￿O Data of roval Slgnaiu Pthl Nome CW R2 OOX¥h1t8 ISSI 11104r1023 Section 8 Statement of assets and liabilitles at the end of the period UDre3tri¢to lund• ioM•rMIÈ R￿SITIGtod lunds Erydowmpnl lund 81 C•sh lunds rotal cash funds 10,13 Unro•lrtcto0 funds Rostrfcthd funds Endowrnert fund$ ar•st£ Fund iowhlth Dgtsils co￿l0p￿r4 B3 IrNtystment assets Fund I ￿ltsn CostlopOtsJ411 B4 Ass•ts retslned forthe charltys ovm use H0Bt4rs UnrqstrKlpd Pmtqi lth￿cted Fundtowhkh knwntdu• BS Llablllu Dyong ormv InM¢ogAan bèhoKofal ￿l￿t￿O Data of roval Slgnaiu Pthl Nome CW R2 OOX¥h1t8 ISSI 11104r1023 Scclion 8 Stalemoiit of assets and liabilities at the end of the perioL1 Endnwrnnrrt 4 .411'&iwI• I￿nd0 1•.107 Towi ¢••h lunoj Uni•ilrlctad lund• R•wrlct•d tund• FundiD whkh 0￿*11￿ Fundtowhkh etails UnTé51nLl•d unms1￿￿j UnT•ew1 Fundl•wNllh Plini NBme Dat• of oval Ik7PSES CCXX R2ac¢>yrt1SS1 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examlner's report on the accounts INDEPENDENT LYAMINATIOIq REPORT TO THE TRUSTEES OF HOUSE OF FAVOUR INTERNATIONAL CHURCH, WOLVERAMPTHON, UK ON THE ACCOUIqTS FOR THE YEAR ENDED 05 Aprll 2023. INTRODUCTION hereby reporting to the trustees of House of Favour International Church (The Trnstl, on my examination of the accounts for the year ended 05 April 2023. Responslbllities and basls of report As you are aware, as trustees of the charity organisation (House of Favourl, you are charged with the responsibility of preparing of the Charity accounts in accordance with the requirements of the Charities Act 2011 l.the ACVI and the Charity's Constitution. l therefore make this report in respect of my examination of the Trust's accounts carried out under section 145 of the 20 1 l 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 anL 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. l opted for this method given the fact that the Charity never provided data on non-current assets, petty cash transactions and liabilities. I therefore chose to examine only accounts whose transactions were through the bank from 06 April 2022 to 05 April 2023. RESULTS OR FINDINGS The accounting records were kept in accordance with section 130 of the Charities Act although poor fLling system was noted. All the records requtred 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. Impllcation The Charity was advised to improve on the way they record transactions on requisitions and payment vouchers by providing breakdown for transactions because it was difficult in tracking transactions made with no clear description on the Bank statement. From the previous year it is my observation that other transactions remain not well described on the Bank statement and no payment vouchers were provided to liquidate such transactions. Hence, such transactions, treatment in the books of accounts relied on verbal explanations to unveil the purpose of the transactions. b. The accounts complied with the applicable requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 and UK Rules on How Charities Work in the UK. All the trustees were involved in the preparation and approval of the accounts as evldenced in the minutes of the Trustees, meetings. Impllcatlon The Charity was doing well as far as compliance with the Legal and regulatory Frameworks for accounting. The financial accounting control procedures were in place. The church has been supporting vulnerable church members and the communÈty with food items, mentally 8nd other similar activities. This is in line with the Church's mission as per their mission statement stated in the Charity's Constitution. Supporting evidence were provided, however, it was noted that its charity mission was comprised this year compared to the previous financial year, thus because they did not access any grant to facilitate more charity work within the target community. Impll¢atlon This was yet another evidence of compliance with the Legal Frameworks regulating the ffftancial accounting procedures in the charity sector. However, a need for proactive finance sourcing was Identified to actualise the charity's agenda. 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 compared to the previous rinancial year but there is still a need to have a part time worker as church Administrator to help with bookkeeping of all church transactions. Including preparation of payment vouchers that will provide more infortnation on the transaction. No record on Fixed Assets and liabilities were available for examination. APPRAISAL REPORTS No appraisal reports were seen as of this year because the church had no employee, all the church charity work was done by volunteer church members. RECOMMENDATIOIqS A revolving Fund Account must be created separate from the main account for proper flow of the transactions relating to members emergency borrowings. Must access a bookkeeping service to facilitate proper accounting record keeping. The Trustees must employ a part-time Bookkeeper to be preparing payment vouchers and posting transactions into the Books of Accounts at least twice in a month. The trustees must rewew the internal control regularly and if possible, engage independent reviews mid-term (after 6 months) to access their progress in strengthening internal controls. The Church must employ a Church Administrator to help the Pastor in Finan￿ and Administrative functions. This will ease fLlling system/record keeping, staff appraisal, and payroll management among others. The Trustees should consider co-opting a minute Secretary to record the Trustees, meetings other than the Secretary to the Trustees whose concentration and participation during the rneetings is ￿tal. Taking it from the previous year the Church has not yet employed the church administrator which was proposed to ease up the church fLlling system/record keeping among other duties. CONCLUSION Recommend proper flling system and having staff to handle finance and administration issues. Proper payment system (requisition, payment voucher, authorise and approval) was noticed, but need to be improved upon. Non-church related money must not be deposited in the church's account, for effective anti-money laundering role. Except for the concerns raised above, the accounts are true representation of the charity's affairs. Slgned. £1 IM Name: Simxon Kabango Date: l 110412023