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2024-03-31-accounts

Faithouse Church

Trustees’ Annual Report for the period

From: 1 April 2023 (Period start date) To: 31 March 2024 (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 donated to the Perfect Love movement, an organisation that hosts a free music event in which all were welcome in December 2023. This event positively impacted many people in Northampton and other towns as they 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 £31 924,75.
Restricted donations totalled £8,
953.43 and these are detailed in
the Financial Statements.
The net result for the year was an
excess of receipts over payments of
£4 982.29 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, the Anniversary,
Christmas Project, Perfect Love and
Retreats 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. However,
the church opened a new bank
account that is used to deposit
funds for the building project.
These funds were in excess at the
end of the period as this is an
ongoing saving project.
Adding bank balances brought
forward at the beginning of the
year, the balances carried forward
at 31st March 2024 totalled
£16,295.15 From this balance £11
181.15 is the bank account used to
maintain the building fund
donations.
The unrestricted fund balance of
£4,982.29 was incurred 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 the
period, the church had income from
members of £4,664 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. These loans reduced as
members continued to pay
outstanding amounts over the
period.
External Loan Receivable
Faithouse provided a loan to an
external party, Kingsville Church in
the period ending March 2023. This
loan was fully paid in the period and
no external loans were made in the
period April 2023 - April 2024.
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
Our reserves policy as a church is
based on our agreement 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 o tional information

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

Full name(s) Ikechukwu Hargley Trustee Position Signature(s) ikay hargley Date 31/01/2025

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Full name(s) Kundai Denga Trustee Position Signature(s) kundai Denga Date 31/01/2025

Signature:

Ikechukwu Hargley (Jan 31, 2025 13:41 GMT)

Email: ikayhargley@gmail.com

Signature: Kundai Denga Kundai Denga (Jan 31, 2025 15:00 GMT)

Email: kundai.denga5@gmail.com

Receipts and Payments

Faithouse

For the year ended 31 March 2024

Receipts and Payments
Faithouse
For the year ended 31 March 2024		 Receipts and Payments
Faithouse
For the year ended 31 March 2024
UNRESTRICTED
FUNDS
ANNIVERSARY
BUILDING FUND
CHRISTMAS
PROJECT
MEMBER GIFTS
PERFECT LOVE
RETREATS
31 MAR 2024
31 MAR 2023
Receipts
Interest Income
-
-
79
-
-
-
-
79
-
Other Income
66
10
-
-
-
-
-
76
1,948
Tithe & Offering
31,598
-
-
-
-
-
-
31,598
36,341
Total Receipts
31,664
10
79
-
-
-
-
31,753
38,289
Other Income
Benovelence Income
60
-
-
-
-
-
-
60
382
Donations Received
-
-
3,000
-
1,200
-
-
4,200
699
Retreat Income
201
-
-
-
-
-
4,664
4,865
3,228
Total Other Income
261
-
3,000
-
1,200
-
4,664
9,125
4,309
Total Receipts and Other Income
31,925
10
3,079
-
1,200
-
4,664
40,878
42,597
Payments
Direct Cost
Direct Wages
6,030
-
-
-
-
-
-
6,030
4,950
Advertising & Marketing
1,852
-
-
-
-
-
-
1,852
1,984
Bad Debts Expense
124
-
-
-
-
-
-
124
-
Bank Fees
7
-
-
-
-
-
-
7
16
Benovelence Expense
1,050
-
-
200
-
-
-
1,250
840
Charitable and Political Donations
152
-
-
-
-
1,000
-
1,152
-
Depreciation Expense - Computer Equipment
520
-
-
-
-
-
-
520
807
Depreciation Expense - Video Filimg Equipment
661
-
-
-
-
-
-
661
521
Depreciation Expense on Music Equipment
993
-
-
-
-
-
-
993
926

Faithouse

Charity Report Pack for Faithouse Church

Receipts and Payments

UNRESTRICTED
FUNDS		 ANNIVERSARY BUILDING FUND CHRISTMAS
PROJECT		 MEMBER GIFTS PERFECT LOVE RETREATS 31 MAR 2024 31 MAR 2023
Depreciation Expenses on Furniture 15 - - - - - - 15 15
Event Catering 1,523 - - - - - - 1,523 1,812
Faithouse Visiting Minister Offering - - - - - - - - 1,570
General Expenses 641 50 - - - - - 691 2,442
Insurance 612 - - - - - - 612 350
IT Software and Consumables 529 - - - - - - 529 1,965
Leader's Events 694 - - - - - - 694 602
Member Gifts 200 - - - 1,200 - - 1,400 464
Musician Hire 560 200 - - - - 475 1,235 2,070
Postage, Freight & Courier - - - - - - - - 8
Printing & Stationery 351 - - - - - - 351 -
Rent 8,594 - - - - - - 8,594 9,594
Retreat expense - - - - - - 7,567 7,567 4,589
Subscriptions 789 - - - - - - 789 716
Telephone & Internet 31 - - - - - - 31 -
Travel - International - - - - - - - - 1,063
Travel - National 153 - - - - - - 153 63
Venue Hire 460 - - - - - - 460 2,500
Visitors Food & Accomodation 90 - - - - - - 90 135
Xero Subscription 313 - - - - - - 313 372
Book Expense - - - - - - - - 18
Total Payments 26,942 250 - 200 1,200 1,000 8,042 37,634 40,391
Net of Receipts/(Payments) 4,982 (240) 3,079 (200) - (1,000) (3,378) 3,244 2,206

Faithouse

Charity Report Pack for Faithouse Church

Bank Accounts

Faithouse

For the year ended 31 March 2024

Bank Accounts
Faithouse
For the year ended 31 March 2024
31 MARCH 2024 31 MAR 2023
Cash at Bank
Community Instant Access - Savings 11,182 -
Business Community Account 2 5 500
Cash Account - 334
Main Account 5,109 8,546
Total Cash at Bank 16,295 9,380

Charity Report Pack for Faithouse Church

Faithouse

Overview - Statement of assets and liabilities

Faithouse As at 31 March 2024

Overview - Statement of assets and liabilities
Faithouse
As at 31 March 2024		 Overview - Statement of assets and liabilities
Faithouse
As at 31 March 2024
31 MAR 2024
31 MAR 2023
Fixed Assets
Tangible Assets
Computer Equipment
2,984
2,984
Less Accumulated Depreciation on Computer Equipment
(2,480)
(1,960)
Furniture
120
120
Less Accumulated Depreciation on Furniture
(54)
(39)
Music Equipment
5,427
5,310
Less Accumulated Depreciation on Music Equipment
(2,538)
(1,544)
Video Filming Equipment
7,250
4,261
Less Accumulated Depreciation on Video Filming Equipment
(1,980)
(1,318)
Total Tangible Assets
8,730
7,813
Total Fixed Assets
8,730
7,813
Current Assets
Cash at bank and in hand
Business Community Account 2
5
500
Cash Account
-
334
Community Instant Access - Savings
11,182
-
Main Account
5,109
8,546
Total Cash at bank and in hand
16,295
9,380
External Loan Receivable
-
1,124
Member Loans
240
380
Retreat Payments In advance
1,922
1,260
Total Current Assets
18,457
12,144
Creditors: amounts falling due withinone year
Minister Offering Payable
-
50
Retreat Member Advance Payments
-
707
Total Creditors: amounts falling due within one year
-
757
Net Current Assets (Liabilities)
18,457
11,387
Total Assets less Current Liabilities
27,187
19,201
Net Assets
27,187
19,201
Capital and Reserves
Building Reserve Fund
5,762
-
Current Year Earnings
2,224
2,206
Retained Earnings
19,201
16,995
Total Capital and Reserves
27,187
19,201

Charity Report Pack for Faithouse Church

Faithouse

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees/ Charity Name members of Faithouse Church On accounts for the year Charity no ended 31 March 2024 (if any) 1200116

Set out on pages

(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 . Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Signed: Date: 30/01/2024 Name: Olubukola Akinyemi Relevant professional Association of Chartered Certified Accountants qualification(s) or body (if any):

1

October 2018

IER

Address: 36 Willow Road Dartford Kent, DA1 2QQ Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

2

October 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

3

October 2018

IER