Charity number: 1190705
TRUSTEES' REPORT
AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
HOUSE OF COMFORT INTERNATIONAL MINISTRIES CONTENTS
31ST AUGUST 2023
| CONTENTS | |
|---|---|
| Page | |
| Charity's General Information | 1 |
| Trustees Report | 2. - 3 |
| Independent Examiner's Report | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-7 |
| Statement of Financial Activities | 8 |
HOUSE OF COMFORT INTERNATIONAL MINISTRIES CHARITY'S GENERAL INFORMATION 31ST AUGUST 2023
Charity's General Information
BOARD OF TRUSTEES:
CLAUDETTE CHRISTIE JANE HALM-QUAGRATNIE JOHN ENEJE
REGISTERED OFFICE:
Suite 16 Space House Business Centre Abbey Road Park Royal London NW10 7SU
WEBSITE ADDRESS:
www.hocintlministries.org
CHARITY NUMBER:
1190705
BANKER:
NATWEST Bank Plc
ACCOUNTANTS:
SUNEX CONSULTING
Chartered Certified Accountants 23 Beverly Street
Manchester
M9 4ED
Page 1
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2023
The Trustees of HOUSE OF COMFORT INTERNATIONAL MINISTRIES (the charity) present report and Financial Statement for the year ended 31st August 2023 which been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting (SORP) by Charities.
FINANCIAL PERFORMANCE:
During the year total income of £15,974 and Expended Resources of £14,605 was realised and expended. These amounts are marginally lower compared to earlier year of £16,782 & £13,323 There exist a surplus of £1,369 this year compared to the previous year Surplus of £3,459
| INCOME & EXPENDITURE Notes TOTAL INCOMING RESOURCES: 6 TOTAL RESOURCES EXPENDED: 7 SURPLUS FOR THE YEAR 8 |
2023 £ 15,974 (14,605) 1,369 |
2022 £ 16,782 (13,323) |
|---|---|---|
| 3,459 |
STRUCTURE, GOVERNANCE & MANAGEMENT:
The Trustees have been delegated the day-to-day running of 'the Charity' to three of their Trustees. Major decisions are taken with consent and approval of all of the Trustees in accordance to the requirement of requirement of the governing document. The work is supported by a number of volunteers.
POLICIES AND OBJECTIVES:
House of Comfort International Ministries is a bible-based church, which preaches the word of God. Our primary mission for everyone to know the love of God, through the preaching of the ‘Good News’ the gospel of Jesus Christ to the local environment.
To date we have a youth programme where we regularly engage with young men, who once spent a lot of time loitering in the street. As a result of our programme, a number of the young men have found permanent paid employment within various business sectors and industries, including the finance sector.
We also support the vulnerable, women of domestic violence, the less fortunate and those suffering with addiction and mental health. We offer advice, counselling and support to help them make positive changes their lives.
To date we are currently in the process of establishing a music workshop. The objective behind this project is to teach young men and women how to play instruments and give them an alternative focus to life, to help steer them to make positive changes to their lives through the power of music.
With each year, it is our aim to grow as a church and empower people through the Word of God, to make a positive change to their lives and the community at large
Page 2
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2023
STATEMENT OF TRUSTEES RESPONSIBILITY:
The charity's Trustees are responsible for the preparation of financial statements in compliance wit requirements as to its form and contents under section 132(1) of the Charities Act 2011 and that an independent examination is needed. In preparing these financial statements, Trustees are required t
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select suitable accounting policies and then apply them consistently
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prepare the financial statements on the going concern basis unless it is inappropriate to
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the financial statements are prepared as required by law to give a true and fair view of the state o affairs of the charity surplus or deficit for that period, and safeguard the assets of the charity.
INDEPENDENT EXAMINERS:
The Trustees appointed SUNEX CONSULTING as its independent examiners.
This report was approved by the Trustees on 15th February 2024 and signed on their behalf by trustee:
Name of Trustee: JOHN ENEJE Signature: . . . . . . . . . . . . .
Page 3
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
INDEPENDENT EXAMINER'S REPORT
31ST AUGUST 2023
I have examined the financial statements, which comprises the financial activities, the Balance Sheet and the related Notes on page 6 to 8 and the accounting policies of HOUSE OF COMFORT INTERNATIONAL MINISTRIES for the year ended 31st August 2023.
This report is made solely to the Charity's trustees are responsible for the preparation of the accounts. The Trustees consider audit is not required for this year under section 160(1) of the Charities Act 2011 and that an independent examination is needed.
Respective Responsibilities of Trustees and Independent Examiner:
As described on page 4, the Trustees are responsible for the preparation of financial statements. It is my responsibility to carry out an independent examination of those financial statements and to issue a report based on that examination.
Scope of Examiner's Statement:
I conducted my examination in line with directions given by the Charity Commission under section 145(5) of the Charities Act 2011. An examination includes a review of accounting records kept by the charity and comparison of the financial statements with those records as well as explanations from the trustees concerning the records. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently no audit opinion is given and the report is limited to the statements below:
Independent Examiners Statement:
We, as independent examiner have the requisite ability and practical experience to carry out a competent examination of the accounts in accordance with section 145(1)(a) of the Charities Act 2011.
In connection with our examination, no matter has come to my attention:
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i . Which gives me reasonable cause to believe in any material respect the requirements:
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to keep accounting records in accordance with section 130(1) of the Charities Act 2011, and
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to prepare financial statements which comply with the accounting requirements of section 132(1) of the Charities Act 2011, have not been met; or
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ii . To which in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to have been prepared
Mr SUNNY O. EDJEMUARE, FCCA
SUNEX CONSULTING
Chartered Certified Accountants 23 Beverly Street Manchester M9 4ED
Date: 15th February 2024
Page 4
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
BALANCE SHEET
31ST AUGUST 2023
| Notes FIXED ASSETS Tangible Assets 2 CURRENT ASSETS Prepayments 903 Cash at Bank 3,593 4,496 CREDITORS: Short-term 3 (300) NET CURRENT ASSETS/(LIABILITIES) CREDITORS: Long-term 4 TOTAL NET CURRENT ASSETS/(LIABILITIES) RESERVES General Funds 5 |
903 3,593 |
2023 £ 1,477 4,196 (0) 5,673 5,673 5,673 |
0 5,064 5,064 (2,729) |
2022 £ 1,969 -(2,335) (0) |
|---|---|---|---|---|
| 4,496 (300) |
||||
| 4,304 | ||||
| 4,304 | ||||
| 4,304 |
The trustees are satisfied that the charity is entitled to exemption from audit under section 160(1) of the Charities Act 2011 for the accounting period ended 31st August 2023.
The trustees acknowledge their responsibilities for:
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(i) ensuring that the charitable company keeps accounting records which comply with sections 130 of the Charities Act 2011; and
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable as
at the end of the period in accordance with section 132(1) of the Charities Act 2011.
Approved by the Trustees on 15th February 2024, and signed on their behalf by the trustees:
Name of Trustee: JOHN ENEJE
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Signature: . . . . . . . . . . . . . . . . .
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Page 5
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
NOTES TO THE ACCOUNTS 31ST AUGUST 2023
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable Financial Accounting Standards in United Kingdom with the application of FRSSE and the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2000 & 2005) as issued by the Charity Commission.
A summary of the principal accounting policies, which have been applied consistently is set out below:
(a) Basis of Preparation of Financial Stetements;
The financial statements are prepared under the historic cost convention and include the result of charity's operation, which are described in the Trustee's Report, all of which are continuing.
(b) Incoming Resources:
All incomes is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.
(c) Restricted Funds:
Restricted funds are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific criteria, will be matched with a fair allocation of management and support costs.
(d) Unrestricted Funds:
Unrestricted funds are donations, offerings and other incomes generated for the objects of the charity without further specific purposes and are available for general and public funds.
(e) Resources Expended:
Direct Charitable expenditure includes all expenditure incurred in direct pursuit of its charitable objectives. Governance expenditure includes all costs incurred which relates to the charitable and for administaration of the charity in compliance with constitutional and statutory requirements.
Tangible Fixed Assets and Depreciation:
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates in order to write off the cost of each assets, less their estimated residual value over its estimated useful life as follows:
Office Equipment 25% at reducing balance
Page 6
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED
31ST AUGUST 2023
Notes
| 2. TANGIBLE FIXED ASSETS: COST / VALUATION: Opening Balance Additions Closing Balance Depreciation Opening Balance Charge for the Period Closing Balance Net Book Value Opening Balance Closing Balance 3 CREDITORS: Amount Due Within 1 Year Professional Fees Accruals 4 CREDITORS: Amount Due After 1 Year 5 RESERVES: Movements in Charity Funds: Opening Balance for the Year Surplus/(Deficit) for the Year 8 Closing Balance |
Office Equipment 2,818 0 2,818 849 492 1,341 1,969 1,477 |
2023 TOTAL £ 2,818 0 2,818 849 492 1,341 1,969 1,477 300 0 300 0 4,304 1,369 5,673 |
2022 TOTAL £ |
|---|---|---|---|
| 1,073 1,745 |
|||
| 2,818 | |||
| 193 656 |
|||
| 849 | |||
| 880 | |||
| 1,969 | |||
| 300 2429 |
|||
| 2,729 | |||
| 0 845 3,459 |
|||
| 4,304 |
Page 7
HOUSE OF COMFORT INTERNATIONAL MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES
31ST AUGUST 2023
| Notes 6. INCOMING RESOURCES: Tithe Offering Donations TOTAL INCOMING RESOURCES: 7. RESOURCES EXPENDED: Rent & Utilities Tel & Internet Costs Operating Lease Costs Office Expenses Vehicle Hire & Related Expenses Donations Bank Charges Accountant Fees Depreciation of Assets TOTAL RESOURCES EXPENDED: 8 NET SURPLUS/(DEFICIT) 6 & 7 |
Unrestricted Funds £ 11,207 4,507 260 15,974 3,925 3,063 2,275 965 2,854 731 0 300 492 (14,605) 1,369 |
2023 TOTAL Funds £ 11,207 4,507 260 15,974 3,925 3,063 2,275 965 2,854 731 0 300 492 (14,605) 1,369 |
2022 TOTAL Funds £ 13,247 3,445 90 |
|---|---|---|---|
| 16,782 | |||
| 1,550 2,873 0 4,242 2,398 1,264 40 300 656 |
|||
| (13,323) | |||
| 3,459 |
Page 8