## **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 1 ## **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** 1. Elizabeth Abosede Davies 2. Daboikiabo Davies 3. 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 2 ## **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: 1. The Elizabeth Abosede Davies 2. Daboikiabo Davies 3. 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. 3 ## **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: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. 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) 4 ## **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; 1. 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 2. 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** 5 ## **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**| |---|---| 6 ## **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**| |---|---| 7 **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**| |---|---| 8 ## **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)