THE HOUSEHOLD OF MERCY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
CHARITY NUMBER: 1199477
THE HOUSEHOLD OF MERCY Contents of the Financial Statements for the period 01 July 2022 to 30 June 2023
Content Page Content 1 Legal and Administrative details 2 Trustee’s Report 3 Independent Examiner’s Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes on the Financial Statements 8
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THE HOUSEHOLD OF MERCY LEGAL AND ADMINISTRATIVE DETAILS YEAR ENDED 30[TH] JUNE 2023
ADDRESS FOR CORRESPONDENCE
27 Old Gloucester Street London WC1N 3AX
REGISTERED CHARITY NUMBER
1199477
GOVERNING DOCUMENT
Declaration of Trust dated 28 June 2022
TRUSTEES
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Elizabeth Abosede Davies
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Daboikiabo Davies
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Oluwarotimi Elton Kaleb Ehinmoti
PRINCIPAL BANKERS
Metro Bank 10 – 20 Castle St, Luton LU1 3AJ
INDEPENDENT EXAMINER
Pathway Accountancy Ltd Accountants 72 McLeod road Abbey wood London SE2 0BS
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THE HOUSEHOLD OF MERCY TRUSTEE’S REPORT FOR THE YEAR ENDED 30[TH] JUNE 2023
The trustees are pleased to present their report for the year ended 30 June 2023 for the charity, THE HOUSEHOLD OF MERCY with Charity Number. 1199477
Trustees of the charity are:
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The Elizabeth Abosede Davies
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Daboikiabo Davies
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Oluwarotimi Elton Kaleb Ehinmoti
The principal address of the charity is: 27 Old Gloucester Street London WC1N 3AX
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a declaration of trust that was adopted on 28 June 2022. A board on which the trustees are represented governs the Charity. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Religion (in accordance with the Statement of Faith) throughout the world as the trustees may see fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation held successful services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church held several conferences to assist the development of the people in the community. This has resulted in an increase of the membership of the congregation over the financial year. The organisation operates at 75 Chase Road, Oakwood, N14 4QY in the United Kingdom physically and broadcast to the international community via zoom.
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THE HOUSEHOLD OF MERCY TRUSTEE’S REPORT FOR THE YEAR ENDED 30[TH] JUNE 2023
FINANCIAL REVIEW
The income of the charity is £26,477. The charity is in good position to develop itself in the community.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides adequate funds to cover any emergency expenditure that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed to, particularly those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 1993, the trustees are required to prepare a statement of accounts for each accounting year, which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records, which disclose with reasonable accuracy the
finances of the church at any time and to ensure that such accounts comply with the Charities Act 1993. They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on the 02 September 2024
~~………………………………………………..~~ Elizabeth Davies (Sep 3, 2024, 4:42pm) Signed on their behalf by: Elizabeth Davies (Trustee)
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Independent Examiner’s Report to the Trustees of THE HOUSEHOLD OF MERCY
We report on the accounts of the church for the year ended 3oth June 2023 set out on pages - to -, which have been prepared based on the accounting policies shown on page -.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act), does not apply and that an independent examination is required.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and any comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statements below.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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which gives me reasonable cause to believe that, in any material aspect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Pathwa accountants y
~~…………………………………………~~ Roy Bello (Sep 3, 2024, 3:22pm) . Roy Bello (MBA, ACA, FFA)
Pathway Accountancy Ltd Accountants 72 McLeod road Abbey wood London
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The Household Of Mercy Statement of Financial Activities for the year ended 30th June 2023
| Note Receipts Tithes, General offering and donations 1 Gift Aid Payments Church activities 2 Governance cost 3 Excess of Receipts over payments Total Fund Balance b/fwd TOTAL FUND BALANCE C/FWD |
Unrestricted funds Total funds 2023 2023 £ £ 26,447.11 26,447.11 26,447.11 26,447.11 25,740.26 25,740.26 536.00 536.00 26,276.26 26,276.26 170.85 170.85 - 170.85 170.85 |
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The Household of Mercy
Statement of Assets and Liabilities as at 30th June 2023
| Note Assets retained for church use Musical instrument 4 Cash Funds Bank & cash balance Long term Liabilities Bank Loan Net Assets Reconciliation of funds Unrestricted funds Bfwd For the year |
Unrestricted funds Total funds £ £ 1,075.96 1,075.96 716.65 716.65 1,792.61 1,792.61 - 1,792.61 1,792.61 1,792.61 1,792.61 2023 |
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Charity number
1199477
The Household Of Mercy Notes to the Accounts for the year ended 30th June 2023
| 1. Receipts Tithes, offerings, Grant Gift aid 2. Payments Subscription Purchase Website Charitable Donation Meals and Entertainment Prof Fee Telephone Bank Charges Travel Consultancy Printing Rent 3. Governance cost Accountancy Fees 4. Tangible Fixed Assets Cost At 01/07/2022 Additions At 30/06/2023 Depreciation At 01/07/2022 charge for the year At 30/06/2023 Net Book Value at 30/06/2023 |
Unrestricted funds Total funds 2023 2023 £ £ 26,447.11 26,447.11 26,447.11 26,447.11 844.03 844.03 2,488.84 2,488.84 475.10 475.10 12,259.00 12,259.00 1,251.60 1,251.60 166.87 166.87 654.19 654.19 3.74 3.74 1,821.68 1,821.68 1,121.00 1,121.00 174.26 174.26 3,135.00 3,135.00 24,395.31 24,395.31 536.00 536.00 536.00 536.00 Musical instrument Total 1,344.95 1,344.95 1,344.95 1,344.95 - - 268.99 268.99 268.99 268.99 1,075.96 1,075.96 |
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Issuer
Issuer Pathway Accountancy Ltd Document generated Tue, 3rd Sep 2024 15:13:57 UTC Document fingerprint 9a20e400672f71ccab309d39c9e7dd48
Parties involved with this document
Document processed Party + Fingerprint Tue, 3rd Sep 2024 15:22:43 UTC Roy Bello - Signer (27551706159eb7790ab104cffe7ce198) Tue, 3rd Sep 2024 16:42:53 UTC Elizabeth Davies - Signer (5b15fc1f6e75c782a6ac6b6aea9b15b3) Audit history log Date Action Tue, 3rd Sep 2024 16:42:54 UTC Elizabeth Davies viewed the envelope (82.2.7.109) Tue, 3rd Sep 2024 16:42:54 UTC This envelope has been signed by all parties (82.2.7.109) Tue, 3rd Sep 2024 16:42:54 UTC Elizabeth Davies signed the envelope (82.2.7.109) Tue, 3rd Sep 2024 16:42:34 UTC Elizabeth Davies viewed the envelope (82.2.7.109) Tue, 3rd Sep 2024 16:42:15 UTC Elizabeth Davies opened the document email. (87.248.114.212) Tue, 3rd Sep 2024 16:01:28 UTC Elizabeth Davies opened the document email. (172.226.0.21) Tue, 3rd Sep 2024 15:51:29 UTC Elizabeth Davies opened the document email. (172.226.114.29) Tue, 3rd Sep 2024 15:22:44 UTC Document emailed to bdbest_ucan@yahoo.com (3.8.90.251) Tue, 3rd Sep 2024 15:22:43 UTC Roy Bello viewed the envelope (87.238.218.178) Tue, 3rd Sep 2024 15:22:43 UTC Sent the envelope to Elizabeth Davies (bdbest_ucan@yahoo.com) for signing (87.238.218.178) Tue, 3rd Sep 2024 15:22:43 UTC Roy Bello signed the envelope (87.238.218.178) Tue, 3rd Sep 2024 15:21:36 UTC Roy Bello viewed the envelope (87.238.218.178) Tue, 3rd Sep 2024 15:20:25 UTC Document emailed to info@pathwayaccountants.co.uk (3.8.90.251) Tue, 3rd Sep 2024 15:20:24 UTC Sent the envelope to Roy Bello (info@pathwayaccountants.co.uk) for signing (87.238.218.178) Tue, 3rd Sep 2024 15:13:58 UTC Document generated with fingerprint 9a20e400672f71ccab309d39c9e7dd48 (87.238.218.178) Tue, 3rd Sep 2024 15:13:57 UTC Envelope generated by Roy Bello (87.238.218.178)