## **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|| |---|---|---| |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.| |---|---|---| |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| |---|---|---| 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| |---|---|---| 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.| |---|---|---| |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:||| |---|---|---| |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
**----- End of picture text -----**
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
**----- End of picture text -----**
**Faithouse Financial Statements** Faithouse For the period 18 August 2022 to 31 March 2023 ## **Contents** - **3** Receipts and Payments - **4** Bank Accounts - **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|| |**Total Receipts**
**23,578**
**1,948**
**-**
**-**
**-**
**25,526**
**Other Income**|| |Benovelence Income
40
-
210
-
-
250|| |Donations Received
98
-
-
601
-
699|| |Retreat Income
-
-
-
-
632
632|| |**Total Other Income**
**138**
**-**
**210**
**601**
**632**
**1,581**|| |**Total Receipts and Other**
**Income**
**23,715**
**1,948**
**210**
**601**
**632**
**27,106**
**Payments**|| ||**Direct Cost**| ||Direct Wages
3,150
-
-
-
-
3,150| ||Advertising & Marketing
1,366
-
-
-
-
1,366| ||Bank Fees
11
-
-
-
-
11| ||Benovelence Expense
300
-
270
-
-
570| ||Depreciation Expense - Computer
Equipment
586
-
-
-
-
586| ||Depreciation Expense - Video
FilimgEquipment
347
-
-
-
-
347| ||Depreciation Expense on Music
Equipment
657
-
-
-
-
657| ||Depreciation Expenses on
Furniture
10
-
-
-
-
10| ||Event Catering
1,122
690
-
-
-
1,812| ||Faithouse Visiting Minister Offering
250
800
-
300
-
1,350| ||General Expenses
407
785
-
605
-
1,797| ||Insurance
266
-
-
-
-
266| ||IT Software and Consumables
895
-
-
-
-
895| ||Member Gifts
164
-
-
-
-
164| ||Musician Hire
-
310
-
1,300
380
1,990| ||Rent
5,477
-
-
-
-
5,477| ||Retreat expense
-
-
-
-
1,519
1,519| ||Subscriptions
444
-
-
-
-
444| ||Travel - International
935
128
-
-
-
1,063| ||Travel - National
-
-
-
63
-
63| ||Venue Hire
-
1,450
-
950
-
2,400| ||Xero Subscription
216
-
-
-
-
216| ||Book Expense
18
-
-
-
-
18| ||**Total Payments**
**16,621**
**4,163**
**270**
**3,218**
**1,899**
**26,171**| |**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**|| |**Fixed Assets**|| ||**Tangible Assets**| ||Computer Equipment
2,984
1,942| ||Less Accumulated Depreciation on Computer Equipment
(1,960)
(1,153)| ||Furniture
120
120| ||Less Accumulated Depreciation on Furniture
(39)
(24)| ||Music Equipment
5,310
3,515| ||Less Accumulated Depreciation on Music Equipment
(1,544)
(619)| ||Video Filming Equipment
4,261
4,261| ||Less Accumulated Depreciation on Video Filming Equipment
(1,318)
(798)| ||**Total Tangible Assets**
**7,813**
**7,244**| |**Total Fixed Assets**
**7,813**
**7,244**
**Current Assets**|| ||**Cash at bank and in hand**| ||Business Community Account 2
500
-| ||Cash Account
334
83| ||Main Account
8,546
9,438| ||**Total Cash at bank and in hand**
**9,380**
**9,521**| ||External Loan Receivable
1,124
-| ||Member Loans
380
380| ||Retreat Payments In advance
1,260
-| |**Total Current Assets**
**12,144**
**9,901**
**Creditors: amounts falling due withinone year**|| |Minister Offering Payable
50
-|| |Retreat Member Advance Payments
707
150|| |**Total Creditors: amounts falling due within one year**
**757**
**150**|| |**Net Current Assets (Liabilities)**
**11,387**
**9,751**|| |**Total Assets less Current Liabilities**
**19,201**
**16,995**|| |**Net Assets**
**19,201**
**16,995**
**Capital and Reserves**|| |Current Year Earnings
2,206
7,250|| |Retained Earnings
16,995
9,744|| |**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**| |---|---|---|---|---| |**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):**||||| ||Charity Name
Faithouse Church|||| |||||| ||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 ended**31/03 / 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|||| |||||| |||||| |||||| |||||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**