Faithouse Church
Trustees’ Annual Report for the period
From: 18 Aug 2022 (Period start date) To: 31 March 2023 (Period end date)
Charity name: Faithouse Church
Charity registration number: 1200116
Objectives and Activities
| SORP reference |
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| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Faithouse church purpose is to advance the Christian religion for the benefit of the public through the holding of prayer meetings, faith-based schools, special programs and retreats, weekly public worship meetings, producing and/or distributing media on the christian faith to enlighten others about the christian faith through radio, television, books, magazines and other social media channels, donations and services to the poor or less privileged, pastoral work including visiting the sick and bereaved and opening churches throughout england to enlighten others about the Christian religion. The ministerial team in Faithouse has the responsibility of co-operating with the pastors. Combined this makes the leadership team that drives and promotes the whole mission of the |
| church, pastoral, evangelistic, social and wider cooperation. |
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| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Objectives and Activities The Faithouse leadership team is committed to enabling as many people as possible to worship at our church and to become part of our community at Faithouse Church. The leadership team maintains an overview of worship throughout the community and makes suggestions on how our services can involve the many groups that live within our community. Our services and worship put faith into practice through prayer, scripture and music. When planning our activities for the year, the pastors and the ministers have considered the Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our Northampton Community through: Worship, prayer retreats, music events; learning about the gospel; and developing their knowledge and trust in Jesus. Missionary and outreach work. |
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Worship and Prayer Faithouse Church offers a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. For example, we have weekly prayers on Wednesdays that offer people a refreshing place to pray individually and collectively to enhance their walk with God and increase fellowship with the community. We offer regular services every Sunday as well as on Friday for any members or new comers. As a community church we often celebrate significant events collectively, this includes weddings and this period we had one wedding for members of the church. We often celebrate other significant events. Our significant celebration this year is that we marked our 10th anniversary since the church was started. Prayer Retreats Faithouse church hosts an annual retreat where members and those in the community are welcome to join for quiet uninterrupted prayer and fellowship. The church will often fund those who are unable to attend the retreat by making a donation. Often this is made to new members of the church or any other external parties. This ensures that members of the community that may be unable to meet the costs of the retreat can also attend along with everyone else. Mission and Evangelism |
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Helping those in need is a demonstration of our faith. As a church we donate to either individuals in the church, members of the community and other charities within Northampton looking after the homeless for example, Shine Concepts. Combined, this generates our Christmas project. While individuals in the church contribute to the Christmas project, we then combine these donations with general church income (tithes and offerings) to make our complete benevolence donations for the community. The church often conducts evangelism projects within the community in Northampton to share more about Jesus and his love. This will often involve us sharing one page documents with more information about the Christian faith as well as inviting individuals to join our community. Music Events: To reach out to our Northampton community, Faithouse church hosted a free music event in which all were welcome in December 2022. The event was an absolute success as we saw many people visit and were uplifted by the music, prayer and dance shared. The church contributed to this event to the benefit of the wider community.
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total receipts on unrestricted donations was £23 715 Restricted donations totalled £3 391 and these |
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are detailed in the Financial Statements per fund. The net result for the year was an excess of receipts over payments of £7 094 on unrestricted funds. As a charity we have agreed to make transfers from the unrestricted funds to fund any of the restricted funds for special programs during the year like the Anniversary, Christmas Project, Perfect Love and Retreats. As a result of this, all the restricted funds do not have a carried forward balance as they are usually in deficit. The excess to cover the costs of these is provided from unrestricted funds. There was also a deposit of £500 into a new bank account opened in the year. Adding cash and bank balances brought forward (at the beginning of the year (£9, 521) to the carried forward unrestricted funds (£935), the balances carried forward at 31st March totalled £10 456 of unrestricted funds. This was after taking into account all the transfers from unrestricted funds to fund the other projects in deficit (Anniversary, Christmas Project, Perfect Love, Retreats). Prayer Retreats Our receipts and payments statements reflect that in 2023 the church had income from members of £632 in total to cover the retreat. This income was allocated accordingly. For members that couldn’t afford to pay on their own and for other retreat costs associated with hiring an external
| venue, additional funding for this is also provided from unrestricted funds. The statement of assets and liabilities also reflects advances payments to retreat centres for the following financial year. Any member advance payments are also reflected separately to ensure accurate tracking of direct member contributions. Current Assets Member loans are for any advance payments made directly to members which they have committed to repay following an instalment plan agreed by the church leadership and trustee members External Loan Receivable Faithouse provided a loan to an external party, Kingsville Church, to facilitate the purchase of new equipment. Repayments for the loan were also agreed based on an instalment plan agreed by the church leadership and in reference to trustee members. |
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| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held |
Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | Reserves policy In 2023, as a newly registered charity and small church community we had not come up with a reserves policy due to discussions about an effective way to maintain such a policy. |
Our agreement is to maintain 3 months of running expenses (this is an average of £6000 as the minimum for our reserves - this gives us a period of time to meet our bills if there was an emergency or a sudden sharp reduction in income from tithes and offerings.
Structure, Governance and Management
| Description of charity’s trusts: |
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| Type of governing document (trust deed, royal charter) |
Para 1.25 | The trust deed details the governing of Faithouse Church. This lists out how the board of trustees is composed of a group of ministers who contribute to decision making with the church leaders. Ministers are appointed to the board of trustees on a rotational basis. The ministers who form the board of trustees are responsible for making decisions on all matters of general concern and importance to the church including deciding on how the funds of Faithouse are to be spent. |
Reference and Administrative details
| Charity name | Faithouse Church |
|---|---|
| Other name the charity uses |
N/A |
| Registered charity number |
1200116 |
| Charity’s principal address |
Faithouse church is situated in Northampton, Midlands area. The correspondence address is 1 BARNSTAPLE CLOSE NORTHAMPTON NN3 3BH |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 |
Trustee name | Office (if any) | Dates acted if not for whole year Na me of per so n (or bo dy) ent itle d to ap poi nt tru ste e (if an y) |
|---|---|---|---|
| Lorraine Dewa | Trustee | ||
| Constance Ngororo |
Trustee | ||
| Ikechukwu Hargley |
Trustee | ||
| Kundai Kerry Anne Denga |
Trustee | ||
20
Other optional information
As a newly formed charity, we would like to express sincere regret for submitting the annual accounts late and missing the deadline for this filing. We are committed to ensuring that we stay up to date with our charity accounts filing and will have a better process to meet our filing obligations as well as ensuring that trustees are up to date with all charity proceedings.
Declarations (Please refer to the signed version of this document attached)
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Full name(s) Ikechukwu
Hargley
Trustee
Position
Signature(s)
Date
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The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Full name(s) Kundai Denga
Trustee
Position
Signature(s)
Date
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Faithouse Financial Statements Faithouse For the period 18 August 2022 to 31 March 2023
Contents
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3 Receipts and Payments
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4 Bank Accounts
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5 Overview - Statement of assets and liabilities
Faithouse Page 2 of 5
Faithouse Financial Statements
Receipts and Payments
Faithouse
| Receipts and Payments Faithouse |
Receipts and Payments Faithouse |
|---|---|
| For the period 18 August 2022 to 31 March 2023 UNRESTRICTED FUNDS ANNIVERSARY CHRISTMAS PROJECT PERFECT LOVE RETREATS TOTAL |
|
| Receipts | |
| Other Income - 1,948 - - - 1,948 |
|
| Tithe & Offering 23,578 - - - - 23,578 |
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| Total Receipts 23,578 1,948 - - - 25,526 Other Income |
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| Benovelence Income 40 - 210 - - 250 |
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| Donations Received 98 - - 601 - 699 |
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| Retreat Income - - - - 632 632 |
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| Total Other Income 138 - 210 601 632 1,581 |
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| Total Receipts and Other Income 23,715 1,948 210 601 632 27,106 Payments |
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| Direct Cost | |
| Direct Wages 3,150 - - - - 3,150 |
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| Advertising & Marketing 1,366 - - - - 1,366 |
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| Bank Fees 11 - - - - 11 |
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| Benovelence Expense 300 - 270 - - 570 |
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| Depreciation Expense - Computer Equipment 586 - - - - 586 |
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| Depreciation Expense - Video FilimgEquipment 347 - - - - 347 |
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| Depreciation Expense on Music Equipment 657 - - - - 657 |
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| Depreciation Expenses on Furniture 10 - - - - 10 |
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| Event Catering 1,122 690 - - - 1,812 |
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| Faithouse Visiting Minister Offering 250 800 - 300 - 1,350 |
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| General Expenses 407 785 - 605 - 1,797 |
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| Insurance 266 - - - - 266 |
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| IT Software and Consumables 895 - - - - 895 |
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| Member Gifts 164 - - - - 164 |
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| Musician Hire - 310 - 1,300 380 1,990 |
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| Rent 5,477 - - - - 5,477 |
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| Retreat expense - - - - 1,519 1,519 |
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| Subscriptions 444 - - - - 444 |
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| Travel - International 935 128 - - - 1,063 |
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| Travel - National - - - 63 - 63 |
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| Venue Hire - 1,450 - 950 - 2,400 |
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| Xero Subscription 216 - - - - 216 |
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| Book Expense 18 - - - - 18 |
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| Total Payments 16,621 4,163 270 3,218 1,899 26,171 |
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| Net of Receipts/(Payments) 7,094 (2,215) (60) (2,617) (1,267) 935 |
Faithouse Page 3 of 5
Faithouse Financial Statements
Bank Accounts
Faithouse
For the period 18 August 2022 to 31 March 2023
| 31 MARCH 2023 | 1 APRIL 2022 | |
|---|---|---|
| Cash at Bank | ||
| Business Community Account 2 | 500 | - |
| Cash Account | 334 | 83 |
| Main Account | 8,546 | 9,438 |
| Total Cash at Bank | 9,380 | 9,521 |
Faithouse Page 4 of 5
Faithouse Financial Statements
Overview - Statement of assets and liabilities
Faithouse
As at 31 March 2023
| Overview - Statement of assets and liabilities Faithouse As at 31 March 2023 |
Overview - Statement of assets and liabilities Faithouse As at 31 March 2023 |
|---|---|
| 31 MAR 2023 31 MAR 2022 |
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| Fixed Assets | |
| Tangible Assets | |
| Computer Equipment 2,984 1,942 |
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| Less Accumulated Depreciation on Computer Equipment (1,960) (1,153) |
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| Furniture 120 120 |
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| Less Accumulated Depreciation on Furniture (39) (24) |
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| Music Equipment 5,310 3,515 |
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| Less Accumulated Depreciation on Music Equipment (1,544) (619) |
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| Video Filming Equipment 4,261 4,261 |
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| Less Accumulated Depreciation on Video Filming Equipment (1,318) (798) |
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| Total Tangible Assets 7,813 7,244 |
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| Total Fixed Assets 7,813 7,244 Current Assets |
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| Cash at bank and in hand | |
| Business Community Account 2 500 - |
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| Cash Account 334 83 |
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| Main Account 8,546 9,438 |
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| Total Cash at bank and in hand 9,380 9,521 |
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| External Loan Receivable 1,124 - |
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| Member Loans 380 380 |
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| Retreat Payments In advance 1,260 - |
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| Total Current Assets 12,144 9,901 Creditors: amounts falling due withinone year |
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| Minister Offering Payable 50 - |
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| Retreat Member Advance Payments 707 150 |
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| Total Creditors: amounts falling due within one year 757 150 |
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| Net Current Assets (Liabilities) 11,387 9,751 |
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| Total Assets less Current Liabilities 19,201 16,995 |
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| Net Assets 19,201 16,995 Capital and Reserves |
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| Current Year Earnings 2,206 7,250 |
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| Retained Earnings 16,995 9,744 |
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| Total Capital and Reserves 19,201 16,995 |
Faithouse Page 5 of 5
Faithouse Financial Statements
Independent examiner's report on the accounts
| Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
Section A Independent Examiner’s Report |
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| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report Independent examiner's statement Signed: Name: Relevant professional qualification(s) or body (if any): |
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| Charity Name Faithouse Church |
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| 31 March 2023 | Charity no (if any) |
1200116 | ||
| (remember to include the page numbers of additional sheets) | ||||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended31/03 / 2023. As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: ● accounting records were not kept in accordance with section 130 of the Act or ● the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Date:* 16/06/2024 |
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| 16/06/2024 | ||||
| Olubukola Akinyemi | ||||
| Association of Chartered Certified Accountants |
1
October 2018
IER
| Address: | |||
|---|---|---|---|
| 36 Willow Road | |||
| Dartford | |||
| Kent, DA1 2QQ | |||
| Section B Disclosure |
2
October 2018
IER
Give here brief details of any items that the examiner wishes to disclose .
3
October 2018
IER