2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1068726 Ins Irational Char15matlc Ch House ol rA er for

InR Irational harisma ie hureh House of raver Contents of the Financial Statements for the vear ended 31 De¢ember 2024 Page Reference and Administrative Details Report of the Trnste¢$ Independent Examiner's Report Stitement of Financial Activities B¥l4n¢e Sheet ly0t￿ to the Financial Statements 7 to 12 DetAiled Ststement of Finaneial Aetivitie$ 13 to 14

iTati08al Charisrnxtie Ch rch Reference and Adrninistr*tive Details for the ear ended 31 December 2024 TRUSTEES Revd. Seth Mensah Alcx Tcinor Nana Marfo Bonsu Kwalxna O Bonsu Ms Ern¢li4 Otyi-A¢h¢ampong PRINCIPAL ADDRESS 171 HertfoTd Road Edmonton London N9 7EP REGISTERED CHARITY NUMBER 1068726 INDEPENDENT EXAMINER FTank Jay & Co Chartered Certified Ac¢ountsTrts 89A Kingslllnd High Sttttt Dalstors E8 2PB Page I

Ins irational Charismatie Church use of rAver rt of the Trust ear ended 31 December 2024 fort The tn￿te¢S presenr their report with the financial statements of the charity for the year ended 31 December 20?4. The trustees have adopted Ihe provisions of Accounting and Rcporting by Charities: Statemeni of Recommended Practice llpplicablc to charltiL￿ preparing their accounts in accordtsn¢e witli the Financial Rcportin8 Standard applicablc in ihc UK and Republic of Ircland (FRS 102) (effective l January 2019}. OBJECTIVES AND AcfiviTIES Objectlves and alm$ The principal activities of ihc Chariry hav¢ b¢¢n: a) To advance the Christian faith in accoTdgn¢c wirli tlic Siaiement of b¢li¢fs appc4ring in the SL"li¢dulc li¢r¢to in London and in su¢h oilicr parts of the Unitcd Kingdom or ihe world as the Trust¢es mny from time to time think fit. b) To relieve persons wlio orc in conditions of nLYd or hardship or who are 8g¥d or sick and io relicvc the dislrc55 Caused thereby in London and in such other pnns of the Unitcd Kingdom or th¢ world fjs thc Truslces may from tim¢ 10 time think fit. c) To advance education in accordance with Cliristijn principle5 in London and in such other parts of the United Kingdom or Ihe world the Trustees may from timc to lime think fit. d) To promot¢ and fulfil 8uLli other choritsblc purpo¥es beneficial to the community in London and in 8ULh other parL8 of the Unil¢d Kingdom or the world as the TrustC¢s may from time to time think fil. ACHIEVEMENT AND PERFORMANCE Charltxble *ctlYltiei The 8cncral attendance of th¢ MeMbe￿hIp of the church hus improved slightly 5in¢¢ the ￿Vid pandemic passed. The charity continues ro a¢hi¢ve 8 slowly study growth in several areas of the church. The charity also embarked on community servi¢¢ und outreach progvamrnes whereby food items were donai¢d 10 individuals und people in the loLal coinmunity. FINANCIAL REVIEW Flnoncial positlon The charity Lontinues lo have o healthy financiol posilion: voluntary income in¢reased slightly by 0.7V/•. Over811, 111¢ tolol funds of the charity increllsed lo £1,913.289 os compared io £1,857,970 in ihe previous year. Ruerves policy The Charity aims to rdain sutTicient reserve equivaltni to A minimum of three monihs overhead committments of £36,000. this reserves are held in liquid funds and this level of reseryes has been maiiitained during most of the period in question. Going eoneern Based on the forecast and projections and perforniance of the cl￿rity, the Board ot Trusiees is of the opinion that ICC (Hous¢ of Pray¢r) has adcquate r¢sourc¢s to continue in operntional exiytence for the fi)reseellble future. STRUCTURE, GOVERIYANCE AND MANAGEMENT Governlng do¢ument The governing instructment of the charity is its adopted ¢onstitUlion (Twst deed) dated 12 Jinuary 1998. Trustee are appointed by a8￿¢￿ent of a quorum of the currcnl trusteeb. The trustee8 meet llt leL8t 4 times in the year. The day to day operation of the ¢harity is ¢onlrolled and managed by ihe Irust¢¢s. Risk rnanAgement Thi trusiees havc asscss¢d the major risks to whi¢h th¢ charity is exposed. in particular those ￿lating to th¢ operations and fmancc of the charity and are satisfi¢d that systenis nnd controls are in plac¢ to rnitigatc th¢ir exposure to the mnjor Pagc 2

Ins irgtional Charismatic Chu rt of the Trugte eAr ended 31 December 2024 Approved by order of the board of trustee5 on signed on its behalf by: N8na lthfo Bonsu- Trnstee Page 3

ndent Examiner's Re rt to tbe Trustees of lrntion21 Ch ris ie Chureh House of er Ins Independent examiner's report to the trnstees of ICC (House of prAyer) I report to the charity trustees on rny examination of the accounts of ICC (House of prayer) (the Trust) for the year ended 31 Decernb￿ 2024. Responsibilities and basis of report 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 (Ihe A¢V). I report in resp¢¢t of my examination of the TN$f$ a¢¢ounts carried out under Seclion 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Seclion 145(5)(b) of the Act. Independent exAmlner'$ statement Since your charity's gross incom¢ exceeded £250.OIX) your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examinati(m because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examinaiion. I confinn that no maleriaj matters have come to my attention in ¢onne¢tion with the examination giving rne cause to believe that in any material respect a¢¢ounting records were not kept in respect of the Trust as required by Section 130 of the A¢t; or the accounts do no¢ a¢¢ord with those records; or the accounts do not comply with the applicable requirements concerning the forni and conlent of accounts set out in the Chariti¢s (A¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is n¢X a matter considered as part of an independent exarnination. I have no concerns and have come across no other maneTS in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of th¢ a¢¢ounts io be reached. Margaret Banwell(FCCA, MBA) Frdnk Jay & Co Chartered Certified A¢¢ountants 89A Kingsland High Street Dalston London E8 2PB Page 4

rnver Stitment of Fin#ocil Aetivitl for the ear ended 31 December 2024 31.12.24 Unrestricted funds 31.12.23 Totsl Note5 INCOME AND ENDOWMENTS FROM Donations and legncie5 435,9?3 432.582 Inv¢slment income Totil 439 057 435 4?7 EXPENDITURE ON C'haritable aellvilles Cost of cliurch adiviti¢s and ministri¢8 Support costs Governance costs 321.90? ?.953 322.709 2,829 Tot41 383 738 385 517 NET INCOME 55.319 49.910 RECONCILIATION OF FUNDS Tothl funds broughi fonvard 1.857,970 1.808,060 TOTAL FUNDS CARRIED FORWARD 1913 289 1857.970 The notes forni part of tt￿8¢ financial ststements

Ins Iration I Charismatic Chur¢h House or er Balance Sheet l December 2 24 31.12.24 Ilnre%trieted fund$ 31.12.23 Total fund Notes FIXED ASSETS Tangible assets 1,380.713 1,379.216 CURRENT ASSETS Debtors Cush at bank and in hand io 28,601 18,312 461.937 542.004 480,249 CREDITORS Amounts falling duc within one year {9,428) (1.495) NET CIIRRENT ASSETS 532 576 478 754 TOTAL ASSETS LESS CURRENT LIABILITIES 1,913,289 1.857.970 NET ASSETS 1913 289 1.857 970 FUNDS Unr¢stri¢ted funds: General fund 12 913289 1857,970 TOTAL FUNDS 1913.289 1.857 970 The financial statements were opproved by the Board of Trugiees and authorised for i88ue on i...a.. lokl.,. were signed on its behalf by.. Nana Marfo Bonsu - Trustee (Choir) George K Defor- Treasurer Th¢ notes forni part of ihcsc financial statements Page 6

irational Chirismltic Church House of er Note5 to the Financial Ststements rthc "ear ended 31 December 2024 ACCoU￿1NG POLICIES Basis of preparing the fmanciAI ststements The fmancial statcments of the charity, which is a publi¢ benefit entity under FRS 102, have bcen prL¥ared in accordance with the Charities SORP {FRS 10?) 'A￿Ounting and Reporting by Charities: Stalemcnt of Recommended Practice applicabl¢ to ¢h•rities preparing th¢ir a￿O￿nts in accordance with the Financial Reporting Standard applicoble in the UK ttnd R¢public of IT¢lgnd {FRS 102) (effective l January 2019),. Financial Reponing Stsndard 102 The Financial RepoTling Standard applicable IT) the UK and Rcpublic of Ireland. and the Charities Act 2011. The financial siatcmcnts have been pr¢pared und¢r th¢ histori¢al cosi convention. Ineoming resourc All income is recosnised in the Statement of Finaneial Ac¢ivitics once the charity has cntiilemcnt kn the funds, il is probable that the incornc will bc received and Ihe amouni can be measured reliably. Voluntary incorn¢ is nxeivcd by way of donation& offering and lithe and is accounied for in the sialcrnenl of finaacial o¢tiviti¢s on receivable basis. Donations under Gifi Aid plus •&*ociated tax reeovery are rtto8nised as income when the donation is received. Resource expanded Liabilities are re¢ognised AS expenditure as soon as there is a legal or constNLtive obligation committing the chority to that expendlture, it is pTobDble thai a ts#nsfcr of economic bcncfits will Ix requircd in settlemcnt nnd th¢ amount of the obligalion can Ix measured reliably. Expendirur¢ is accounted for on an accruals basis Rnd has b¢en classificd undcr hcadings that aggrcgate all cost rclaied to the caicgory. Where cosls cannot bc dirccrly attributed to particular headings they have been allo¢ated io activities on a basis ¢onsist¢ni wjth the use of resources. Governance costs rcprescnls direct expenditure on the 8ovemance of the church, includin8 the production and independcnt SL'ruliny of these financial SLqtements. Support costs are thos¢ ¢osts in¢uTrrd indirectly in sUpi￿rt of exwditure on the objectives of the Charity. Tanglble fixed assets D¢pre¢iation is provided at the following annual rntes in ordcr to Write off eaeh osset over its estimated useful life. Frtthold property Plant and m4L.hincry Molor vehi¥l in accordance with the prowty 15Vo on cost 75% on cost Taxatlon The ¢haTity is ￿eMPt from tax on its ¢haritable ￿lIVI¢1¢$. Fund Ydeconntlng Unr¢strictcd funds can ￿ used in accordance with the chorithblc objectives at the discretion of the trustees Restriclcd funds can only bc used for panicular rcstricied putposes within the objects of the cliarity. Restrictions arisc when specified by the donor or when funds arc raised for panicular rcstricted puq)OS￿. Further explanation of the nature and purpose of each fund is included in the notes to the financial slatemenis. The Charity had no restri¢tcd funds in the current or previous year. Hire purchxs¢ And leasing commilments Rentals paid under operating leases a￿ charged io the Statement of Finthncial Activitics on a straAght line basis over the period of the lease. Page 7 continued...

Ins iration I ChAri$matic Church House of rgver Notes to the Flnancial Statements- continued ear ended 31 December 2024 ACCOUNTING POLICIES- Continue Pen5iOll Costs and other p05t-retiremenl benefits The choriry operates a dcfincd contribuiion pension 5ch¢mc. Conlnl)utions payable ￿ the chatity's pension scheme are cha￿ed to the Ststement of Financial Activities in the period to which thcy r¢lai& DONATIONS AND LEGACIES 31.12.24 31.12.23 otTering8 Donations and tithes Gift aid Harlow branch income Northampton branch income Luton branch income 45.180 137,286 62.380 40.159 25.339 125 579 47,325 135,4?0 57,6%2 42.64) 30280 119?60 435 923 43?.582 INVESTMEwf INCOME 31.12.24 31.12.23 Rents received Deposii a¢count inteTe5t 1.500 1,500 1.345 3,134 2,845 CHARITABLE ACTIVITIES C.OSTS Support costs (Ke note 5) Direct Costs To181s Cost ofchurch activities and ministries Support costs Gov¢rnance ¢osts 321.902 321.90? ?.953 58.883 2.953 61.836 383 738 SUPPORT COSTS GovernAnce costs inanee Totals Support costs Governance costs 2.953 2.9.$3 58,883 61.836 Page 8 Continued...

matie Church ouse of raver Notes to the Fin¥n¢i81 Statements - eontioued for the ear ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS There w¢re no trustees, rcmuneration or other benefits for the year ended 31 December 20?4 nor for the year cnded 31 December 2023. Trustees. expel There were no trusiees, exFenses paid for the year ended 31 De¢emb¢r 20?4 nor for th¢ year ended 31 Dccernber 2023. STAFF cosrs 31.12.24 31.1123 Wages and salaries Other pension costs 57.283 58,347 58.483 The avernge monthly numb￿ of employees during the year wos as follow5." 31.12.24 31.12.23 Pastoral No employces received emoluments in excess Of£￿,0￿. COhlPARATIVES FOR THE STATEMEYT OF FINAIYCIAL A￿1vITIEs Unrestricted funds. INCOME AND ENDOWMENTS FROM Donation5 and1¢8acies 432.582 Invesknent income Total 435 4?7 EXPENDITURE ON Charitable activities Cost of church activiries and ministries Support L￿￿ts Gov¢rnancc costs 322.709 2.829 59.979 Tolgl 385 517 YET INCOME 49,910 RECONCILIATIOF4 OF FUNDS Totsl funds br(wght forward 1.808,060 TOTAL FUNDS CARRIED FORWARD 1,857.970 continud..

irntional Charismxtie hurth ver Notes to the Financlal Statements- eontlnved for the ear ended 31 Deeember 2024 TANGIBLE FIXED ASSETS Freehold property Plant and m*¢hinery Motor vehicl Totals COST At l January 2024 Addiiions 1.471.791 211.655 20.791 21.050 1,704.496 At I I D￿ernber 2024 1.471791 232.446 1.725 ?1.050 ￿87 DEPRECIATION At l January 2024 Charge for year 117.755 8J44 186.475 21,050 325 ?80 19.294 At 31 December 2024 126.099 197425 344.574 NET Book VALIIE At 31 tk¢emb¢r 2024 1.345 692 1380,713 At 31 December 2023 1.354 036 25.180 1.379 10. DEBTORS: AMOIINTS FALLING DUE WITHIN ONE YEAR 31.1124 31.12.23 Members soft loans A¢crned I￿orne Prepayments 6,700 4.200 1,500 1?.612 21,901 CREDrroiLS: AMOUNTS FALLING DIIE WITHIN ONE YEAR 31.12.24 3l.1123 Trade credilors Taxation and so¢ial stturiry Other creditors 457 238 800 2?8 1200 12. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 ilnrestrietrd funds General fvnd 1.857.970 55.319 1,913.289 TOTAL FUNDS 1.857 970 55.319 913.289 Page 10 contiiiued..

Charismatic Church House or rnver Not to the Finaneial Statements- tontinued for the ear ended 31 December 2024 12. MOVEMENT IN FUNDS- conlinued Net movement in fiuth. in¢knd¢d in Ihc abo￿ as follows: IneomiDg Relollrees expended Movement in funds Unrestricted fllnds General fund 439.057 (383.738) 55J19 TOTAL FUNDS 439.057 383.738) 55J19 CoTnP2ratives for movement ill fnnds movement in ffund5 At 31.12.23 At 1.123 Unrestricted funds Generd fvnd 1.808.060 49,910 1.857970 TOTAL FUNDS 1857.970 Comparatis'c nct Movement in fund4 i￿luded in the above ate as follows." Incoming Resourees Movement expended IR funds Unrestrirted funds Genernl fund 435.427 (385517) 49,910 TOTAL FUNDS 435.427 385 49 17) alo A ￿[rent Y￿ l ? montbs 8nd Prior year 12 months combined posilion is as follows: Net movement in fund$ At 31.12.24 At 1.123 Unrestrieted funds General fund 1.808.060 105.229 1.913289 TOTAL FUNDS 1,808,060 105 ?a9 1.913 289 Pagell continu￿...

to the Financial Statements- ¢ontin for the eAr ended 31 December 2024 12. MOVEMENT IN FIINDS - continued A curr¢nt y¢or 12 months and prior y¢4r 12 months ¢ombined n¢r movement in funds, included in the above are s follows: In¢oming resouree8 Resoure¢s expended Movement In funds UnrestrEcted funds General fund 874,484 (769,255) 105.229 TOTAL FUNDS 769.255 105 874.484 ￿ a29 13. RELATED PARTY DISCLOSURES The￿ were no related party trnns8¢tions for th¢ year ¢nded 31 December 2024. Page 12

Ins irationAI Charism Church House of er iled Ststement of Fin•D¢ial Activities for the ear ended 31 December 2024 31.12.24 31.12.23 IYCOME AND EIYDOWMENrs Donations and legacies Offerings Donations and tithes Gift aid Hnrlow branch income Northampton branch tncorne Luton branch income 45.180 137,286 62.380 40.159 25.339 125,579 47.325 135.4?0 57.6%2 42.645 30.280 119?60 435.993 43?.582 Investment ineomt Rents received Deposit a¢¢ount int¢resl 1,5 1.634 1.500 Totsl Incomlrtg resources 439,057 435.427 EXPENDITURE Churltable Aellvltles Sccurity cosls Repair3 and Mainl￿ance Rates and water Insurnnce Lighi and heat Tclcphone Po%lagc and stationery Donation and welfare Cl¢aning and decoralion Children's and Youih ministy Ghana brnnch costs Harlow branch costs Luion branch costs Ministry and outreach Northampton brnn¢h ¢osts Wornen's ministry costs uipnicnt expensed D¢pr¢¢intion of langible f￿ed assets 480 6.960 2,659 1.966 3,852 3.166 ,659 28.131 ,342 9.239 51.458 45.2011 83,719 36.374 22,369 4.000 .397 18.73 3.883 2,838 2,174 7.316 3,408 2.917 38.571 712 6,763 28,636 40.505 88.182 50.730 21,859 4,000 19.294 321,902 322,709 Support costs Finance Bank char8¢S ?.953 2.829 Governance costs WDges Carried fotivard 57,283 57.283 58,347 58.347 This p]ge does not form part of the statulory financiAI staiements Page 13

tional Charismatie Church House of Detsli ed Ststement of Finyncial Activitie5 for the ear ended 31 Deeember 2024 31.12.24 31.12.23 Governance eosts Brought fonvard Pcn5ions Examinerfs fee 57.283 1.200 400 58,347 1.232 58.883 59.979 Total resourc¢s expended 383.738 385.517 Nrf income 49.910 This ptsge does not forni part of the stamtory fitkgncial staiemcnts Page14