Restered Cjwlty Mumb¢r: 1181646 . Ilome of Gr•ce for Chrfsvs Workws nancial Statemwts for the Year Ended 31 Dernber 2021
Page I I Home of Grace for Chrisvs Workern For the yr ended.31 Doctynb•r 2021 Wai Kn Lau Y1 Fan Salina Kwclc Principal Address 34 Farrwrt Way WD6 4TE Reglstered Charlty No 1181646
H4xne of Grace fDr Chrisvs Worke In Lothn Reprt (rf the Trnsto For th• yw ended 31 December 2021 The Chttity Lsterj as a CharTtai Iwpyated ckgarH5)tic (ao) on 21 Janry 2019 and tt trustees tr iepjrt wrth tr finaal statements of the (harity for the year ended 3L DecemiEr 2021. The trUeeS ha ryovisons of Acojjnbng aTrJ ReFortlrrfJ by 0rIt5.. &atrynent of Reccffimen¢a apr4bcat to charits prelfig r accounts in dan Trhryth the FFnancial Rewrt]rg StaTrJard aFOicable in the UK aNI ReputAic of Irelar¥J (FRS 102). OBJECTIVES AND ACIIVITIES Purywes of the Charity To Chr6tian religTh in UK ofthe in pwtaAar thcMJt limit&n thrcxoh the of prayu rneth'r¥Js, bectwes. ikn'iKrtJ"r¥J litwature Chnsbanity to en1hten Lhers alxxrt the Chrisban relwJJn. Public Benefft Vle confwm the t P$3ve Ikid regard to the gJae isswJ the Charity Ccffimissir cn put4ic tenefrt Vlten re4vMr¥J Ctwvs alr arMJ c>Je2J¥Es and pknning current arbj ftrture artivities. ACHIEVEMENT APID PERFORMANCE Pokncy on Gr•nt Maklng We do Thit habE any gTant makirwj &tMties * far Ik75 ten d*. Pomcy on Social Investrnnl induding Prowam Related Investment We do IKX have any XKial inbestl wcgam r¢Sal irivestmert and M pc4icy ContTibution made by VoluTrtsers
Pa#e 13 Home rf Grace for Christ's Worker% In Lo1 RePt d the Trust•es For the yr ended 31 DKember 2021 Summary of 14ain Achievem and Plans for the Fure 2021 conb"nu¥i tD a ditfKult year to at large and rKt spare(l cl to tt lingering of CovNI.19 thjr ekrty Bit da prtsa>nts 7here greaty aff&ied in ir dlY lrfestyk aThd l¥e5. The suscerrtitilty ofthe infe(tiw cal1 try the &4 virus had hirMred thun from thr nomwl out(kn scKial lrfe. To a1late r our trustees conbnuod to a59sI them to ptrse grCerS rrK>nthly tske to gats s)rtty rrayers masks frLKn Jar¥Jary to July 2021. We er4Jr& ttren to i0 cwr platfom as y11 a5 frLYn churth W1 ncrt gNe up gatsirwj tcwher a5 the Bible has taiyjht us. With the knlY(wnt of the c(mdilJM, tgh there We fluctuatsJn5 dass ai the premises ITL Awust. In 2020 we ined Womi of Lcth Hik4 rIStIan (hurth wth s¢Jne sharlrrfJ ty OL tnJsr aThJ VolSteerS until Awl 2021. &rKe kite De71 2020 we stsrtad our Zc( pLatform with BitAe (xymlI1son on Saturday until Jur 2021. We at50 OF¢r) a ckiss for mnths In luty arJ ALQLtst to learn to 0pare between the Old Testsment aTh the New Testsnwit. From April we sho1 &'ble chaptu Monty, W&Jnesday and Frthy over tr z(xxri platfrym until Fetxuary 2022. The partDps gre to over 11)0 bcth from UK arxl (thf I(K)n5 c4JtsKk tre U outdC &"vitie5 We still ryted as rnlI¥J in the street eVa$M was rK muth entertaird. As are tak5fVJ Ihter the ernt consideral as a disease, y W to ty thts ctyth or make 51Th vrAs in last quartw of 2022. Des the disrurtKrfi Of parM d+t th)nat$ Wtmth dKI ?t rroterHlize, E We at4e to v4ithsiark1 th critrcal tin. Thank5 to w skBial ckyKW for the subsJen project. We have rK¢ ertkirked any grantsmakiTr4 yet arNI tms rKJ has teen We will sts'll w*ch rf In$trrt Is feasi4e as tt¥5 is the PUfr(fje of (w dlity.
Pa8e 14
In London
Reirt of the Trusiees
For the year eThled 31 December 2021
Athievements a9ainst obpctlves srt
Ve have entered into the second year of COVMI which no has ever
expect8J it sh b5tsrq aTrJ far"rexhiro. Atl CCIJnt a a(fver5ely affected
phy5Kalty, eYx)rKKnthMy a1 mentslly. P& a separatea ftys£alty to avoKJ stxeay of
wru5. Even al the tiine of Wrn4 has rnt teen any 5Tr of dirninishiThJ, tts)LwJh
Fec¢4e seemed tr) get Lt5ed to it arKI treatad rt as a k(al dtsease. Thank God orE inventr
of the Zocrfn platform txir#Js tL¥Jets on a pwom) to share one afM)ther
WItht ony gerM3raphi(31 hindraKe. also tcok the or¢cthiity to Share Cth'5
worts throLpJh Hi5 servants and Lwht rAe tojts Just in the UK ixrt arourKI the
world. We imiited one of our ethFS to strkire CA¥l'$ 7hrxds parti(ip3nts InCread to a
rÉrcYd of 120. We 5b.ll Pk3ve Ir Fltysical gattreriw bth In a STr1 scabe. We will watch out c
tr Covkj enVIrnet and decHle if mcKe &tsvrtes aThJ visits may te resrJ. Let
us certin to wt our t on I Creatcv unNerse to kTh)w Hi5 intertK6 arm
¥ we moy fckn¥ Him to Hts will.
FINANCIAL REVIEW
Reserves Polxy
Thls Is tr third ys3r of our thrty's operat. rI) yeq¥ we Thve com[lnEd Trmth
tro CcThMd in its secorKJ Ye arn1 it is stsll us as of writiF¥J. As exWed. dL
dcxwbons subsKJee fenrrrf&th), rewves vtse even 55 than In 2020 try
IO%. We forward into 2022 that S re5rn fc 1xem maintenantr offi
2021 was a year 0)r6t tre chanty. Thank5 to gtrerous CO wr property
rs who sUr¢rta (s in the sullee armj rerthiatK)n Repair Mork stsrtèj at
the beginniThJ of 2021 after T.th diScKs. We also the to wire aTrJ
rwovate the ryeyme whKh gave assur?e to t inSurae rKov¥Jer. DLE to pandem¢
1 er¥J crf Juty 2021.
rrNeS of are resthciaj aTrJ unresirictvd. Trt free re5erve5 (trAal
unr£%trthd rerves eXdWJ fiwt assets) cl the Charty as at 31 tkcwnter 2021 we
£7.559 aTrJ Tru5tee5 (rJnsHkn that bt sFKMthI I¥1 9 rnthS runnirKJ pJpenses {peTry1tre
exdu(th'r¥J PTOViSW)n for
P3¥e IS
In Lofftlon
Reswt of the Trust•es
For the Yr ended 31 De£ember 2021
Flnancl•l perfOrnnCe
The totsl irKcrfThrvJ re5our for the arrnunt to £79.710. Th¢s i4 made up of E13.896
indivual unrestricted arn1 £65.874. re5trKted YthKh was towards the
cost cl substhrKe reEkiir5 ar¥J rvlr¥j o)
Pa8e 16 Home Of Gra for Chrisvs Worko In London For the year 0nd•d 31 December 2021 STrUrnIRE, GOVERNAP4Cf AND MANAGEMEiir Gov•ming Docum•rt The CIW is a CIO 21 January 2019 UKI its crystitutK. UTrJer the conSbtuti. the trLStees we ts sole nYntrs aTrJ we fe5WNtAe for ts to dty AccordlNJ to the C(rnis9 rules, all tru5t&s Sha the Sar rbIlIty. Eath of our trusiees 11 take up a Ma fInaal, thinistvial or extwrwl aThJ a mtmr role in ancther rcAe. Apntfflet ol Tntytees We encourage daily &tAe #. rKayer arKI fellowship with fJyJ for all true5. We Flan to hold an annual stLKty rneetsTrJ aTrJ gkt¢l rretsng5 rrst vuluntew w(xkers in cyder to a deer WKr5tarKJirvJ of Gcrfs va)rd5 arKI His will nw share eyplafft ($ vAyds dearty be to achtve our (hanty's wal effectivety. STATEMENT OF TRusfEÉS' RESPONSIBILtTIES trustees a resplts fvr epar1Thj tt Repjt of Tntstees ar¥J tre finanaal 5tatanents in wrth aOKatrAe law arKI Unrted Kirv•lcrfn AccoLW)trrKJ &aThfjards (U¢¥trd Tyn Gervally Acceoed kcwntiry Prth) irKJthliry Finaal ReForbrig SiarKJard 102 'Tr FinarKsal ReFortsrrf4 StsrKiard in tre UK arma RUl Ireland- law apFI tOchart in Er¥JL3rKI aThl Wa, the Chant]es kt 2011, anty (Crts aThJ Rep)rts) RUlatY 2(K)8 arK1 the yovi5Kffj ¢A trust ld trustees trj epare fina1 Statts ts &xh fiThirDal ar whKh gve a t aTrJ Pdir vlew of tt State of affairs of tharty aTrl of tt rexe$ arKI appÈKatson of resource5, incluthrrfJ the irKorr and extTrJth. of tre (tharty for that wbJ. In preparing ttK) rrtS arJ wnoples in tre Charity 9)RP; make JU($wnts w¥J estsmates tl%3t are reaThble armd Fryare firla1 $t1 on the w'ThJ corKem bag's lesS Is InarrKopriate
Pèg¢ 17 In London Report of the Tntee5 For the year ended 31 December 2021 trusts are 5pS1t4e for keerifYJ ¥1Th) rec(Kts disdose th rea5wble accuracy at any the finrtial r($rtn of tt ohanty arbj to enable tkn ro ensu that finanaal statar.ents CCmk4y VAth the Charitt5 Act 2011. ¢aty (kCCrtts Repwts) Regukw6 2008 and the of the tr deed. Tfrey are also re¥K>•b safeguardirrfj the a55ets of tr charty aryl herLE for tsknrwj recMKatAe steps for the prevent•Jn arnj (tectx)n of aTh# Irrelarit (rr) YLEn Fan Salina
Pale 18 dePdert Ex•minerf$ report to the Tryst¢es ol Home of Grac• for Chri•Vs Workers lrt London I rep)rt tD Trustee5 my examirtKm of tr finala1 Statan of tlE (Tharity for the year ended 3 k Decemter 2021. which (Crnse tre Ststent rl FinarK5al Adivtfie5, the BalarKe Sh and related notes. This rewt is nde to Tnes, as a in accordance trE tem5 ofmy . My YN)rk has teen urthftsken so that L mwjht carry out an IlKJert Exaninatnn of ihe fJaI Ststents ID acCthn with tt General LhwtIcS gNen Charity To fulbest extent Fernitted by taw, i or assun reSFon5itxlty to anY0r (ther than tt Charity and th¥ty'5 Trustees as a t(rfJy for my vyk or fcff thi5 repyt. RESPONSIBILrnES AND BASIS OF REPORT The 01¥,5 Tnjstees are resc51 for the p¥eparati( of tr ftts In arKe th wulremts chalit Ad 2011 P41). The th3rity's Tntstees consKJer that an alIt is Th)t rLNuired ts this year (urKier s 144(2) of the OlitES kt 2011) and that an IrKletendent ExanirotK)n 15 rula. I rekxirt in re5KErt of my eXamInatK Cthaiws xc(xmts 4Xt under sertK)n 145 of the 2911 Act ar¥J in Girying rxrt my examinat I haNE folbyrtd all akable Dwth?ns g by sectsm 145{5){b) c4 INDEPENDENT EXAMINERS ATEMENT I have ccfflrAeted my eXtlnat)n. I confirm that fnaterial matss c(WT to my atterthn in c(mnLttiLY examinats.on gMrwJ ff cause to jieVe trt In any matsial (l) acry)untirrfJ k4t resFea the Charty as ra]ulr&l ty Secti 130 of (2) the aThnts (tr) rnt with ts apalle reqWrats o)ncunirKJ the fom) content of CoUnts Set wt in tr* Charit (Accounts arKI ReF¢)rtsl RwJulatk)ns XKJ8 other th any reqU&t that nts gi¥e a and fair whKh nct a matter consKler8J as [rt of an 1nderent eXJnlnai. I have conrnS a1 have crjre (thr matters in Con¢ with the examlnatbn to whth attentk)n be thawn in thts repJt in orckf to enable a pr¢w urOrKI of tre accounts to LE r&xhed. Richard Billinghurgt Knox Cropper LLP Chartered Accountanl• 65 Leadenhall Strert l((n EC3A 2AD Date: 1311012022
Home ol Gr for ChrlgV$ Workers In LoTrlon Statement of Flnandal AthitDe5 F<)r the year éfftd 31 December 2021 2021 2020 T1 13,896 65,874 10,956 Total i•m• Expenditur• on: 3 (22,5)) {67,70n (9),297) (18,474> Total Expenditure 18,474L Net Incomel{expenditure) and net movement in funds for the year (8,694) (1,833) (10,527) (7.508) R¢conclllJtkJn of fun Total funds forwaT(I 1,833 384,553 392,C61 Total fijnds caryEd forward 374 026 374 026 The l I to 15 f(Km of ttw firal si*ements.
. H(xne of Grace for Chrl4V$ Workers In Lornlon 8alaKe Sheet AS at 31 Decomber 2021 20 2020 TANGIBLE FIXED ASSErs 359,0 364,720 Vehbje 367 161 376 841 CURRENT ASSETS Cash held by TTilSt&s Cash at bank 3534 10,112 11,9)5 10,112 CREDTh)RS (5.040) (2,400) NEf CURRENT ASSErs NET ASSETS 374 026 FUNDS unr25trrt (Gerral) Restsed 374,026 382,r20 1,833 TOTAL FUNDS The finala1 ststernts a[ved ty tr¢ of Trustees a)sed for Issue on ..7. 3&f..pt¢AL . arKI were sw on it5 behalf ty: (Trustee) Y1 Fan Sèlir47 KvK Regiknul Chaiity Numter: 1181646
Page 111 Notes to the Flnandal Statements For the year ended 31 DKember 2021 ACCOUNTING POLICIES Basis Df preparing finaKOal ststements The financial siatynerts of the drity. whth LS a tyJblK entity myer FRS 101 ve been prepared in acccKdm OntS 50RP (FRS 1021 'P£ctrJntyng a1 Rerx)rtirh] by Ctrk4rrts: Ststnt of Pr&lKe a¥al4e ro Chare5 ep3rir¥J ttir crtS in with tr finaixjal Stsr#tsr ap[Athte in UK aTrJ Rekxbblic Irelarbj (FRS 102) ', Fina11 Rep)rting Starmlard 102 Tr fir%3rthl Rqyfvry &aTrJard amlKabk in the UK of Irela1. aryj ttE Charits Att 2011. Tr finala1 statenvts ha teen eped Ur the The C(#r that are no nkiterial UrtrInI]s abxrt the Charity's abilty to cCnts"n as a ccmcem. In formirvj tris oplnk)n. have C[51defal the irntkxt of cov119 pkirKlunK cttw recart develcyyts c b)th r(s Irc arKi eX1urE at tht a rrf ffthths from the date of aprwval of these finanoal ststrnits. ln thur Opn# eyK1re can easily be tsikjrcd to match the level of I(ne rece4¢J FOrbIe future. The ChariW5 rinanci•l r¢portlng stsnd•rd 102 . rnlKed disclosure exemptions charity has taken tharrt•> of the follThyiry clsd05ure exem7$ in prepar¥ these finaroal staternents, as [Hmittl by FRS 102 Tr FirNarKo1 RepNtsng Stsndard appl¥3t4e in ts UK arKI Repul d I7." Incon Iitlemert to the fvrnts. rt is fvt4e ltr tts irr w11 and the Unt Expendbture "ats'libes are reccAwI as as s(xJn as there Is a b&Jal or constr(Ktive dJoat#Jn to that eXlItUre, It is prctsble tlwt a transfer of berEfits will t¢ reqL#r8J in s&tlemt and the amCnt of tsl9a c2 e measured rdiaw. ExreThJrture 15 KCOUrteJ ts on an trual5 b&Eis and has tr classi1 falirKJs that legate all cost relatal to the cate9)ry. costs ty directy attrit)uted to FQrtKular Wings W have alt(oted to
Page Ill Home of Gra for Chrisvs Workers In London N¢es to the Flnancial Ststements For th¢ year 31 0mber 2021 ACCOUNnNG pouaES . CONTINUED These a irKJLxd wlttln surpjt cc6ts aThJ co$ attrttth to the Chartys a)mplnCe with constitut1 and statukny u1rS. Ir¥J11 Tangible fixed Assets TaTrJit fixed assets are st&ed z crA e&imated Wdlue for thThted assets. Eveciatic ts catulat8J so as to V4rite off the o)St of fix assets on a straNJht.line nnual Fates usej fty th6 are as fkn$: - 2% (XdJ laJ} - 20% anThJm Motor hCS property are of q)in¥)n tlkit s vK)ukl trrd fina{al Taxailon FwThd accountlng All funds of dwrty are lrestrthd aThJ can be wl in (Dr[kn with tt In preparlrKJ the fir4inoal staterts it 6 eSSary to make certain ILnnts, es[unaS arrfj Ll55[ that at anK>unts reLLyJni5ed in finartial st3terrnts. In view of tre Truth5. airt frtrn deWe(kit1 detslbj F•nanci•l Instruments The cha¥ty (x)ly has finaal assets and lots"lit of a klnd that qualify as bas rinatxial Instnmrts. ts detrtrs aThl Credit5. These we initi.ally rniSed FuThrtional Currency The financjal starents are ryesented In PLxThl &erllrKJ, is fvncts(l
Pa£e 113 Home of Grace for Chrlsvs Workn in Lonth)n For tho year ended 31 December 2021 2. DONATION5 AND LEGACIES 2021 20X• unreStrted ttwtKX6 IrKlividuals Prcffty VehKle . Trysts 13, 5,970 13,896 Restrthd 65,874 TLal LknHbons 3. CHARITABLE ACTXVITIES 2021 2020 Prcffrty Costs Post&Je & Motor Vehith Cc61s Travel 2.174 51 1,329 54 289 3,039 61 1,151 1.273 1,777 1,591 Tsgephone & Intfftt 215 Cwnol Tax Depreciatn Charge f)vemance- Travel lknemance. kcountaiy 1,305 165 503 4. KEY MANAGEMENT PERSONNEL Ferg)nnd are thjse haviry auttxyity and resrx)n5ibility for planniro, directsrJ and contrc41iTrJ ttE of chanty. dirvY or ir>Jirectly Ill any trustee of the dty. rnarwJnt of the clrty are tr trustee5. Trustee5 pfuvKk their setVME5 re of o. No vak* is rellethd In the cCrtS rhe th)na Servi of the Trltee5. No tntstee was r8mbursed expenses drtyJ the y. Trustts tra4el costs of £165 are
Pagc 114 Home of Grace for Clwisfs Workers In Lornlon Nates to the Financial Slatements For th¢ y•ar •nded 31 De£ember 2021 Vehid• At I XiroA4ry 2021 376,(Xrf) 20,201 At 31 2021 At l January 2021 Charge for 11.280 8,OlJO At 31 Ecryniv 2021 Net Value 2021 Net PAX& Value 2020 The prcyerty is 34 FarTant Way. &yehanThwxé. H¥trd5th1re. WD6 4TE arKI was (kpnat8J to the 2019. It was iwht nto finalTh statements at Its e5Urnated Vall based on three irthreyknt kt0p Valuatn5. It is Intenthd to be Used for tte Okirity's drItat pNpAes. CASH HELD BY TRUSTEES (hrity TrAF5 onty fecenty atle to set up a bank arbj is in wreSS of transfurirNJ funds awrendy Ild by trust The cash seoxely ui trust CREDrroRS 20 2020 RELATED PARTY TRANSACTIONS
Home of Grac¢ for chr1$ Workers In London Notes tt* the HNancial Siatsments For the year ended 31 December 2021 NEf MOVEMEpif IN RESTRICTED FUIIDS Balance Balance 111121 IOme Exwxllts•rt 3111212021 bsmjm wir Rewinrvj Counol tax 44,059 21.815 (+1,059) (21,815) c11 tax drit5 Wwty. 10. STATEMENT OF FINAIICIAL ACTIVTfIES FOR ThE YEAR EIIDED 31 DECEMBER 2020 2020 5,970 10,966 Total Income Expendlture on: [15,311) {3,163) (18,474) Total Exp¢nditsve Net inccrfnel(expendlturn) I net M0ven in fynds for the year (9,341) 1.833 {7.W) Reconciliatk•n of lunds: Total funds LYou9ht fwiard Total fuThJs ¢3rrEd ftxward 392 061