Registered Number: 09409073 Charity Number: 1175437 The Trinity House Ministries {A Company Limited by Guarantee) Financial Statements For Year Ended 31 January 2023. The Trinity House Ministrie Company Inforniation The Trinity House Ministries is regisfrred 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 or£i. DirLYtors: Samson Okiama Omole Edward Esosa Iduoze Samson Aizebioje Iriajen Independent Examiners: Righttime Associates Limited Chartered Ac¢ountants, T&x Advisers Project Managemeni C(K)sulthnts 86-90 P8uI Siw JA)ndo EC2A 4NF.. Bankers.. Lloyds Bank Dartford Branch P.O.Box 10(X) Andover. BXI ILT. Registered Office: l O Kenna Road Crayford. Dartford. DA14QN. Objects of the Company: The Company has the charitsble objects of the advancement of the Christian Faith Worldwide in accordance with the doctrines set out in the Ststemeni of Faith contsined in the Schedule and the Relief of Povety. Company Registration No: 09409)73 Charity Registration No: 1175437 The Trinity Hous¢ Ministrie Directors, Re￿rt The Directors of Trinity House Ministrles submits the Report and Accounts for the Year Ended 31 January 2023. 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 ac£ordance wllh the doctrines set out in the Statement of Faith contained in the Schedule. (b). The Relief of Poverty. Directors, Responsibilities Company Icgislation rquir￿ the Direciors lo prepare the Financial Statements for each Financial Year which glvcs a true and fair view of the State of Affairs of the company and of the Income and F.xpenditure of the Company for that period. In preparing those Financial Statements, the Directors are required to: Sele¢t suitable Accounting Policies and then apply them ¢onsisiently' 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 ofthe Company and to enable them to ensure that thc Financial Statements comply with the Companies ACL 'fhey are a150 responsible for safeguarding the assets ofthe Company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. By Order Of The Board Samson Okiama Omole Director Date: 30 October 2023. The Trinity House Ministrie& Independent EJaminer's Report For The Year Ended 31 JaDuary 2023 We rcport on the Accounts for the Year Ended 31 January 2023 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 charitsble activitles 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 ¢0 carry oul procedures designed to enable us lo report our opinion. Basis of Opinion Our work was ¢onducied in accordance with the Stsicmcnt of Sthndards for Reporting Accountants and so our procedures consisted olcomparing the accounts with the accounting records kept by the Company and making such limited enquiries of the officers ofthe Company as we considered ne¢￿sary 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 r￿ordS kept by the Company under section 477 of the Companies Acl 2(Xl6; (b). having regard to, and on the basis of, the inforniation contained in those accounting records: the accounts have been drawn up in a rnanner consistent with the accounting requirements specifted in section 477 of the Act and (li) the Company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477 of the Acl and did not. at any time within that year, fall within any of the categories of companies not entitled to the exemption. Righttime A. o¢iates Limited Chartered Accountants, Tax Advisors Project Management Consultants 86-90 Paul Strcct, London. EC2A 4NF.. Illf.IITTI.1IE ASS()('I.ITF..S LTD. ("haM{ife¢l Id¥Lso Proiiyl l iil14iillaTrlL Icl= 112117111*22 Mobili: I17￿4¥151621. Date: 27 October 2023. The Trinity House MiDiStrio8. Statement of Financial Activiti0% For The Ye4r Ended 31 January 2023. Notes Incoming Resources: Resources from generated funds Resoureu ExpeDded: Direct Charitable Expenditure (38.963) (43,328) Other Administration Costs (2.311) (3,332) Total Resoyr¢es Expended 41 74 Net Ineomingl(Outgoin%) R¢sourees Investment Gains {Losses} Net Movement In Funds For the Year Fund Balances Brought Forward at 31 January 2022 ,747 7.590 Funds B812ne4¥ Carried Forward at 31 January 2023 Continuing Operations: All Incoming Resources and Resource Expended derive from continuing activities. The Trinity House Mini8trios. Brdlance Sheet As At 31 January 2023 Notes Fixed Assets Current Assets Deposits- Savings Account Cash At Bank - Current Account 2.694 ,281 7,466 Cyrrent Liabilities Creditors Amounts falling due within one year Net Current kntsl(Liabilities) Long T¢rni Liabilities: Creditors Amount falling due after more than one year Totsl Net knets ILiabilities) Unrestricted Funds Restricted Funds 2,694 1,281 7,466 The Accounts are prepared in accordance with the SpeciaI provisions of the Companies Act 2006 relating to Small Companies. I'he Directors are satisfied that the Company is enliiled io exemption from audit under Section 477 of the Companies Act 2(M)6 relating lo small companies and that no member or members have requested an audit pursuant to 5¢Ction 476 of thc Companies Art 2006. The Directors acknowledge their responsibilities for: (i). ensuring the wmpany kceps proper accounting records which CA)mply with the requirements of th¢ 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 fmancial 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 Octokr 2023 and signed on their behalf by: Samson Okiama Omole The Trinity House Ministries. Notes to the Financial Statements For the Year Ended 31 January 2023. l. Ae¢ounting Polici￿. (a) Ilasis of Accounting These accounts have been prepared under the historical cost convention in acwdance with the Financial Rcwrting Stsndard for Smaller Entities (effective April 2008) and also in accordance with the Statement ol Recommended Practice (Accounting by Charities) although the company is not a registered charity. (b) DepreciatiOD Depreciation is provided on the Computer (Laptop) and m￿sIcal 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 25Yo per annum. (c) Income Income received are credited to the Incoming Resources in the year in which they are received. (d) Value Added Tax I'he company is not registered for VAT and accordingly where applicable, all costs and expcnditure 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 eamiarked by the company for specific purposes. (D Expenditure Expenditure, publicity and management and administration costs comprise direct expenditure attribuiable to the company's objective or activity. 2. Income Donations ithes ()fferings Thanksgivin8 Book Sales 6.751 14.737 12,836 20.520 13,653 10,982 2.662 *Year On Year comparison of Actual Income Received in 2023 shows a decrease of £12,593 (26.340/0) against 2022 figures arising from significant decrease in Donations and Thanksgiving. 3. Anatysis of Direct Charitable Expenditure Hall & Room Hire Pastornl Care. Welfare & Feeding of Homeless Professional Music S¢rvi¢es Catering Immigration Services Salary Payments - PA YE HMRC- PAYE & N.l.C Payments PA YE Payroll Processing Fees Playing D￿rn, Music & Keyboard Sessions Ministration Honorarium Communion Cups & OITering Envelopes Trdvel/Cab Payments Bank/Paypal Processing Charges 8,375 6,058 3,520 14,445 10,378 2,173 706 11.784 218 660 7.235 5.706 6,382 146 360 3,245 493 407 *Overall Direct Charitable Expenditure decreased marginally by £4,365 {10.070/0) in 2023 when Compared with 2022 figures resultin8 mainly from de¢re&se in Hall & Room 14ire for Church Ciatheringsl& Meetings. P&storal Care and Immigration Services. However, there was significant increase in Salary Payments and Playing of Drums, Music and Keyboard resulting from full monthly sal8ry payments for Pasloral Services as well as payments for weekly church activitie51programmes in the months and weeks that makes up the financial year r¢spectively. 4. Administration Expens¢8 Self Storage Publicity- 02 Mobil¢ phones, Messagcbird Texts. Fliers. Banner4 WebsitL' Dcv. Photogr4)hy & VidLX) Siationeries & Office Supplies Accountancy Fees Consultancy & Companies House Fees Gifts & Donations Health & SafetylPublic Liability Insurance Depreciation 594 400 13 1,454 400 13 357 351 *Year On Ycar comparison of ovcrdll Adrninistrative F.xpenses Shov￿ a decrease of £1,021 (30.640/0) in 2023 over 2022 figures matnly due lo decrease in Publicily and Stationeries and Office Supplies. S. Fixed A&s¢ts Schedule Computers (Laptop) Musital Instruments Total As at l February 2022 Additions in the year As at 31 January 2023 Depreciation: As at l February 2022 Charged for the year As at 31 January 2023 Net Book Value: At 31 January 2023 *** Depreciation on the Fixed Assets is ch8rga ￿ 250A. On a reducing balance basis.