REGISTERED COMPANY NUMBER: CE030761 (England and Wales) REGISTERED CHARITY NUMBER: 1200427 ort ofthe Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024 for House of Livin Bread Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bollon BL4 OBX
House of Livin Bread Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 10 Detailed Statement of Financial Activities 11 to 12
House of Livin Bread ort of the Trustees for the Year Ended 31 March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The main objective of the church is the advancement of the Christian faith in Warrington and other parts of the North West. Public benefit The trustees are satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidan on public benefit. ACHIEVEMENT AND PERFORMANCE Charitable activities From April 2023 to March 2024 the activities of HOLB church expanded significantly with special services for.. Easter in AprTI 2023. Christmas events were centred around a carol service which was attended by more than 120 people. Youth carols were also hosted in this month and New years service on 31st December. Several visiting speakers from UK, India and America as follows.. Apostle Clay Nash in June, Pastor Rathnam Paul and Pastor Ezekiel Bhaskar in July, Pastor Preetha Judson in October 2023, Amit Kamble and Pastor Michael Vijay Kumar, in November 2023 and Bishop Steve Evans in January 2024. All the speakers were able to minister to the congregation and visitors who were invited to these special events and were served food after the service. Youth events were mainly centred around.. Carols in December 2023, Outdoor events such as Lasertag in July 2023 and Youth meeting in October 2023. Kids ministry was preceded by training on safeguarding in April and VBS event over 5 days in MaylJune and the last day the kids presented the knowledge acquired during this session to a final presentation attended by their parents and they were seNed food after this event. Church as a group had attended the family camp organised by New Beginning ministries in Knock Christian centre in Cumbria, this was followed by the youth camp which was attended by a group of 11-18-year-olds from our youth. Some of our youth were baptised during this event. A special baptism service for our church members was organised at Famworth Christian Fellowship for our members in September 2023. Finally, we were able to raise money for charity as a church and support areas which needed financial support, including the Bags for Hope appeal and Christmas appeal. All the above activities were funded through the church gifts which are sourced from the members and gift aid on eligible donations. Women's prayer meeting is held once every 3 months, further Mother's Daywas celebrated in March 2024. Page 1
House of Livin Bread ort of the Trustees for the Year Ended 31 March 2024 All the above activities are in addition to regular weekly Sunday family service and Wednesday Online bible study and Friday Online quiz and prayer meeting. FINANCIAL REVIEW Principal funding sources The church raises the general funds it needs to carry on its activities from within its own congregation. Reserves policy The church aims to maintain reserves equivalent to at least three months of ongoing expenditure. At the end of this financial year the church met this requirement comfortably. FUTURE PLANS It is anticipated that our church will continue to host visiting speakers, organise events for Kids and Youth, and the church membership over the summer for the next financial year. The membership is growing, and newer volunteers have been recruited for Sunday school and VBS ministry, they have been put through DBS process and following that have been given training on safeguarding. Having developed processes for effective management the Leadership team is confident that we are able to effectively manage the activities of the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document and constitutes a Charitable Incorporated Organisation (CIO) as defined by the Charities Act 2011. Induction and training of new trustees All new Iruslees are given the Charity Commission information for trustees that explain the role of a trustee and what is expected ofthem. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number CE030761 {England and Wales} Registered Charity number 1200427 Registered address 61 Plodder Lane Farnworth Bolton BL4 OBX Trustees R Moses JPVPaul A C Chinta (resigned 21.9.241 A Nirmal (appointed 21.10.241 Page 3
House of Livin Bread Re ort of the Trustees for the Year Ended 31 March 2024 Independent Examiner Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 OBX Approved by order of the board of trustees on 2810112025 and signed on its behalf by.. R Moses - Trustee Page 3
Inde endent Examiner's Re House of Livin Bread ort to the Trustees of Independent examinerfs report to the trustees of House of Living Bread ('the Clo'} I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024. Responsibilities and basis of report As Ihe charity's trustees of the CIO you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the 2011 Act'i. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145{51 Ibl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respert oflhe CIO as required by Section 130 ofthe 2011 Act., or the accounts do nol accord with those records., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Gracian Daniel-sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 OBX Date.. 2810112025 Page 4
House of Livin Bread Statement of Financial Activities for the Year Ended 31 March 2024 Period 21.9.22 to 31.3.23 Total funds Year Ended 31.3.24 Total funds Unrestricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 30,369 30,369 23,986 Investment income Other income 152 152 250 Total 30,521 30,521 24,236 EXPENDITURE ON Charitable activities Outreach Church running costs Ministry 1,162 7,101 11,155 1,162 7,101 11,155 1,227 2,987 2,830 Other 447 447 900 Total 19,865 19,865 7,944 NET INCOME 10,656 10,656 16,292 RECONCILIATION OF FUNDS Total funds brought forward 16,292 16,292 TOTAL FUNDS CARRIED FORWARD 26,948 26,948 16,292 The notes form part of these financial statements Page 5
House of Livin Bread Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted fund fund Notes FIXED ASSETS Tangible assets 4,633 4,633 1,712 CURRENT ASSETS Debtors Prepayments and accrued income Cash al bank 449 78 22,965 78 22,965 14,431 23,043 23,043 14.880 CREDITORS Amounts falling due within one year {728) (728) 1300) NET CURRENT ASSETS 22,315 22,315 14,580 TOTAL ASSETS LESS CURRENT LIABILITIES 26,948 26,948 16,292 NET ASSETS 26,948 26,948 16,292 FUNDS Unrestricted funds 26,948 16,292 TOTAL FUNDS 26,948 16,292 The financial statements were approved by the Board of Trustees and authorised for issue on 281.Q.112025........................ and were signed on its behalf by.. R Moses - Trustee J P V Paul- Trustee A Nirmal- Trustee The notes form part of these financial statements Page 6
House of Livin Bread Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the cio, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191, and Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 20°A on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 7 continued...
House of Livin Bread Notes to the Financial Statements - continued for the Year Ended 31 March 2024 INVESTMENT INCOME Period 21.9.22 to 31.3.23 Year Ended 31.3.24 Deposit account interest 152 NET INCOMEI{EXPENDITURE) Net incomellexpenditurel is stated after chargingl(crediting)'. Period 21.9.22 to 31.3.23 Year Ended 31.3.24 Depreciation - owned assets 621 53 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023. TANGIBLE FIXED ASSETS Computer equipment COST At 1 April 2023 Additions 1,765 3,542 At 31 March 2024 5,307 DEPRECIATION At 1 April 2023 Charge for year 53 621 At 31 March 2024 674 NET BOOK VALUE At 31 March 2024 4,633 At 31 March 2023 1,712 Page 8 continued...
House of Livin Bread Notes to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 other debtors 449 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Accruals and deferred income 728 300 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 16,292 10,656 26,948 TOTAL FUNDS 16,292 10,656 26,948 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 30,521 {19,865} 10,656 TOTAL FUNDS 30,521 19,865} 10,656 Comparatives for movement in funds Net movement in funds At 31.3.23 Unrestricted funds General fvnd 16,292 16,292 TOTAL FUNDS 16,292 16,292 Page 9 continued...
House of Livin Bread Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 24,236 (7,944) 16,292 TOTAL FUNDS 24,236 7,944) 16,292 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 10
House of Livin Bread Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Period 21.9.22 to 31.3.23 Year Ended 31.3.24 INCOME AND ENDOWMENTS Donations and legacies Gifts Offerings and tithes 9,369 14,617 30,369 30,369 23,986 Investment income Deposit account interest 152 Other income Sundry income 250 Total incoming resources 30,521 24,236 EXPENDITURE Charitable activities Insurance Telephone Postage and stationery Advertising Sundries Catering IT maintenance Ministry gifts Repairs and maintenan Licences and subscriptions Refreshments Worship Youth and children work Room hire Travel Computer depreciation 213 288 41 10 67 144 130 879 219 2,232 47 232 350 70 52 1,092 8,335 25 197 1,062 482 1,144 5,690 132 621 245 2,392 53 19,403 7,044 Support costs Finance Bank charges 15 This page does not form part of Ihe statutory financial statements Page11
House of Livin Bread Detailed Statement of Financial Activities for the Year Ended 31 March 2024 Period 21.9.22 to 31.3.23 Year Ended 31.3.24 Finance Governance costs Accountancy and legal fees 447 900 Total resources expended 19,865 7,944 Net income 10,656 16,292 This page does not form part of Ihe statutory financial statements Page 12