**1175437**
## **09409073**
**Registered Number: Charity Number:**
**The Trinity House Ministries (A Company Limited by Guarantee)**
## **Financial Statements**
**For Year Ended 31 January 2021.**
## **The Trinity House Ministries.**
## **Company Information**
The Trinity House Ministries is registered as a Company Limited by Guarantee with Companies House Number 09409073. In the event of the Company being wound up each member may be asked to contribute a maximum of £1.
Directors: Samson Okiama Omole Edward Esosa Iduoze Samson Aizebioje Iriajen
Independent Examiners: Righttime Associates Limited Chartered Accountants, Tax Advisers Project Management Consultants 86-90 Paul Street, London. EC2A 4NE.
Bankers: Lloyds Bank Dartford Branch P.O.Box 1000 Andover. BX1 1LT.
Registered Office: 10 Kennet Road Crayford. Dartford. DA1 4QN.
Objects of the Company: the advancement
with the
contained in the
The Company has the charitable objects of
of the Christian Faith Worldwide in accordance doctrines set out in the Statement of Faith Schedule and the Relief of Poverty.
Company Registration No: 09409073
Charity Registration No: 1175437
**1**
## **The Trinity House Ministries.**
## **Directors’ Report**
The Directors of Trinity House Ministries submits the Report and Accounts for the Year Ended 31 January 2021.
## **Objects**
The main objects of Trinity House Ministries are defined by the Memorandum of Association and are as follows:
(a). The Advancement of the Christian Faith Worldwide in accordance with the doctrines set out in the Statement of Faith contained in the Schedule.
(b). The Relief of Poverty.
## **Directors’ Responsibilities**
Company legislation requires the Directors to prepare the Financial Statements for each Financial Year which gives a true and fair view of the State of Affairs of the Company and of the Income and Expenditure of the Company for that period. In preparing those Financial Statements, the Directors are required to:
- Select suitable Accounting Policies and then apply them consistently;
- Make judgments and estimates that are reasonable and prudent;
- Prepare the Financial Statements on the Going Concern Basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the Financial Statements comply with the Companies Act. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
**2**
## **By Order Of The Board**
## **Samson Okiama Omole Director**
Date: 30 October 2021.
## **The Trinity House Ministries.**
## **Independent Examiner’s Report For The Year Ended 31 January 2021**
We report on the Accounts for the Year Ended 31 January 2021 set out on Pages 4 to 8 which have been prepared under the Historical Cost Convention and the Accounting Policies set out on Page 6.
## **Respective Responsibilities of the Directors and Independent Examiner**
As described on Page 2, the Company’s Directors for the charitable activities of The Trinity House Ministries are responsible for the preparation of the Accounts and they consider that the Company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.
## **Basis of Opinion**
Our work was conducted in accordance with the Statement of Standards for Reporting Accountants and so our procedures consisted of comparing the accounts with the accounting records kept by the Company and making such limited enquiries of the officers of the Company as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
## **Opinion**
In our opinion:
- (a). the accounts are in agreement with the accounting records kept by the Company under
section 477 of the Companies Act 2006;
- (b). having regard to, and on the basis of, the information contained in those accounting
records:
- (i) the accounts have been drawn up in a manner consistent with the accounting requirements specified in section 477 of the Act and
- (ii) the Company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477 of the Act and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Righttime Associates Limited Chartered Accountants, Tax Advisors Project Management Consultants 86-90 Paul Street, London. EC2A 4NE.
**Date:** 28 October 2021.
**3**
## **The Trinity House Ministries.**
**Statement of Financial Activities For The Year Ended 31 January 2021.**
|**Notes**
**2020**
**Incoming Resources:**
Resources from generated funds
2
**39,808**
**Resources Expended:**
Direct Charitable Expenditure
3
39,337
Other Administration Costs
4
6,469
**Total Resources Expended**
**45,806**|**2021**
**31,863**|
|---|---|
||11,265
3,120
**14,385**|
|||
**17,478**
**Net Incoming/(Outgoing) Resources (5,998)**
Investment Gains (Losses)
---
---
**Net Movement In Funds For the Year** ( **5,998)**
**17,478**
Fund Balances Brought Forward 3,252 9,250
**Funds Balances Carried Forward at 31 January 2020 20,730 3,252**
## **Continuing Operations:**
All Incoming Resources and Resource Expended derive from continuing activities.
|**4**
**The Trinity House Ministries.**
**Balance Sheet**
**As At 31 January 2021**
**Notes**
**2020**
**£**
**Fixed Assets**
5
**80**
**Current Assets**
Deposits – Savings Account
10,531
10
Cash At Bank - Current Account
10,199
3,162
**Current Liabilities**
Creditors Amounts falling due within one year ---
---|**2021**
**£**
**---**
|
|---|---|
**Net Current Assets/(Liabilities)** ---------- 20,730 3,172 **Long Term Liabilities:** Creditors Amount falling due after more than one year -------
**Total Net Assets (Liabilities) 3,252**
**Total Net Assets (Liabilities) 20,730 3,252 Represented By:** Unrestricted Funds 10,199 3,252 Restricted Funds 10,531 10 ____ **20,730 3,252**
The Accounts are prepared in accordance with the Special provisions of the Companies Act 2006 relating to Small Companies.
The Directors are satisfied that the Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for:
(i). ensuring the company keeps proper accounting records which comply with the requirements
of the Companies Act 2006 and
(ii). preparing accounts which give a true and fair view of the state of affairs of the company as at
the end of its financial period and of its profit or loss for the financial period in accordance
with the requirements of Section 477 of the Companies Act 2006, and which otherwise
comply with the requirements of the Companies Act relating to accounts, so far as applicable
to the company.
Approved by the Directors on 30 October 2021 and signed on their behalf by:
## **Samson Okiama Omole**
**5**
**The Trinity House Ministries. Notes to the Financial Statements For the Year Ended 31 January 2021.**
## **1. Accounting Policies:**
## **(a) Basis of Accounting**
These accounts have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and also in accordance with the Statement of Recommended Practice (Accounting by Charities) although the company is not a registered charity.
## **(b) Depreciation**
Depreciation is provided on the Computer (Laptop) and Musical Instruments at the following rate based on the estimated useful life of these assets and their anticipated residual value. All assets are depreciated on a reducing balance basis at 25% per annum.
## **(c) Income**
Income received are credited to the Incoming Resources in the year in which they are received.
## **(d) Value Added Tax**
The company is not registered for VAT and accordingly where applicable, all costs and expenditure incurred are inclusive of VAT.
## **(e) Funds**
Unrestricted funds are those funds which can be used at the company’s discretion. Restricted funds are those funds which have been earmarked by the company for specific purposes.
## **(f)Expenditure**
Expenditure, publicity and management and administration costs comprise direct expenditure attributable to the company’s objective or activity.
|**2. Income**
Donations
26,858
Tithes
Oferings
7,709
Thanksgiving
Book Sales
|
|**2021**
**£**
14,056
2,358
13,432
2,017
---
_______
**31,863**|**2020**
**£**
3,152
2,084
5
_______|
|---|---|---|---|
## **39,808**
***** Year On Year comparison of Actual Income Received in 2021 shows a decrease of £7,945 (19.96%) against 2020 figures arising from significant reduction in Donations and Tithes due to the impact of Covid-19 pandemic
which restricted physical gathering of members coupled with reduction/ loss of earnings as a result of business closures. However, there was significant increase in Offerings of £5,723 (74.35%) compared with 2020 figures due to online contributions made by members.. .
**6**
**3. Analysis of Direct Charitable Expenditure**
|Hall & Room Hire
12,109
Pastoral Care & Welfare
2,500
Professional Music Services
623
Catering
585
Immigration Services
Salary Payments – PAYE
HMRC – PAYE Tax & N.I.C Payments
1,578
PAYE Payroll Processing Fees
----
Playing Drum, Music & Keyboard Sessions
12,430
Ministration Honorarium
Communion Cups & Ofering Envelopes
88
Travel/Cab Payments
Bank/Paypal Processing Charges
58
______|**2021**
**2020**
**£**
**£**
3,200
5,700
700
80
----
3,462
----
5,119
185
140
1,260
----
----
----
----
785
----
______
**11,265**
|
|---|---|
**39,337**
*Overall Direct Charitable Expenditure decreased significantly by £28,072 (71.36%) in 2021 when compared with 2020 figures resulting mainly from decrease in Hall & Room Hire for Church Gatherings/& Meetings, stoppage of P.A.Y.E Salary Payment & reduction in Drum, Music/Keyboard Sessions Expenses resulting from the restrictions imposed as a result of the Covid-19 pandemic..
## **4. Administration Expenses**
**2021 £**
**2020 £**
|Self Storage|----||180|
|---|---|---|---|
|Publicity –02 Mobile phones, Messagebird Texts, Fliers,||2,186||
|2,262||||
|Banners, Website Dev, Photography & Video||||
|Stationeries & Ofice Supplies||70||
|1,237||||
|Accountancy & Payroll Fees
||400||
|1.130||||
|Consultancy & Companies House Fees||---||
|13||||
|Gifts & Donations||58||
|315||||
|Health & Safety/Public Liability Insurance||326||
|328||||
|Depreciation|80||1,004|
||_____||_____|
||**3,120**
||**6,469**|
*Year On Year comparison of overall Administrative Expenses shows a decrease of £3,349 (51.77%) in 2021 over 2020 figures mainly due to reduction in expenses incurred on Stationeries & Office Supplies and noncharging of Payroll Processing Fees as a result of stoppage of salary payment throughout the Covid-19 period..
**7**
## **5. Fixed Assets Schedule**
||||**2021**||
|---|---|---|---|---|
||**Computers**|**Musical**|||
||**(Laptop)**|**Instruments**||**Total**|
||**£**|**£**||**£**|
|**Cost:**|||||
|As at 1 February 2020|629||3,384|4,013|
|Additions in the year|---|---||---|
||_____|______|______||
|As at 31 January 2021|629||3,384|4,013|
||______|
______|______||
|**Depreciation:**|||||
|As at 1 February 2020|549|3,384||3,933|
|Charged for the year|80|---||80|
||_____|_____|______||
|As at 31 January 2021|629|3,384||4,013|
||_____|
_____||______|
|**Net Book Value:**|||||
|At 31 January 2021|
**0**|**0**||**0**|
*** Depreciation on the Fixed Assets is charged at 25%. On a reducing balance basis.