REGISTERED CHARITY NUMBEIL" 1068726 Ins Irational Charismatic Church House of Pra er rt of the Trustees arHI Unaudi Financial Statements for the Year Ended 31 December 2025
Ins irational Charisrnatic Church House of Pra Contents of Fin nrial S atements for the ear end 1 December 2025 Page Reference and Administrative Details Report of the Trustees Independent Exarninefs ReF Statement of Financial Actlvl Balance Sheet Notes to the Flnanclal Statements 8 to 15 Detailed Statement of Financial Activitie8 16 to 17
Ins irational Charisma hurch House of Pra er Reference and Administrative t)etails for the ear ended 31 December 2025 TRUSTEES Revd. Seth Mensah ps, Alex Teinor Mr Nana Marfo Bonsu Mr Kwabena O Bonsu Ms Emelia Otua-Acheampong PRINCIPAL ADDRESS 171 Hertford Road Edmonton London N9 7EL REGISTERED CHARITY NUMBER 1068726 INDEPENDENT EXAMINER Frank Jay & Co Chartered Certlfied Accountants 89A Kingsland High Street Dalston London E8 2P8 Page 1
Ins 'rational Charismatic Churth House of Pra rt of the Trustees ear erKled 1 December 2025 for the The trustees present I11r report wilh the financial Statrn of the dwrity for the year ended 31 Oecemb8r2025. The trustees have adopted the wowsions of Accounting and Reporting by Charities.. Statement of Recommended practi applicable to ChareS preparing their accy)unts in accordance with the Flnancial Reporting Stand applicable in trbe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTMTIES ObJe¢tlves and alms The prlncipal actiwties of the Charity have been: a) To advance the Christian faiih in accordanca with tha stateffl of beliets appearing in the Sch6du18 hereto in London arKI in such other pwts of the Untted Kingdom or the world as the Trustees may from time to time think fiL b) To relieve persons who are in corKlition$ of need or hardship or who are aged or sick and to relteve the distress caused thereby in London and in such other parts of the United Kingdom or the world as the Trustees may from tim8 to time think fft. c) To advance 8ducation in accordance with Christlan prlndples In London and in such other pgrts of the United Kingdom or the workl as the Trustees may from time to time think f d) To promote and fulfil such other charttabl8 wrpow beneficial to the communNy in London and in such other parts of the United Kingdom or the world as the Tmstees may from time to time think fft. ACHIEVEMENTS AND PERFORMANCE Charltable actlvitl The general attendance of the membership of the chwch has Improved slightty nce the covld pandemic passed. The charity continues to achieve a study grtrth in Several areas of the thurth. The charlty also embarked on communty service arKI outreach FYOgraMn whereby food item8 were donted to indivlduals and people in the local C(xnnnty. The charity continues to embark on outreach programrws to spread ts gospel of our Lord Jesus Christ, the new branch planted in UAE is experienaTrJ challerw due to the unsettled conflicts in the region. FINANCIAL REVIEW Flnanclal posltlon The charity Continues lo have a healthy financial posrtlon. voluntary income increased slightty by 5.94%. Overall, the total funds of the ch¥ity increased to £2,026,959 as compared to £1,913.289 in the previous year. Reserves pollcy The Charity aims to retain sufficient reserve equivalrt to a minimum of three months overhead commttments of £85.000, these reserves are hekl in liquid funds, and this level of reseNes has teen maintsined duriNJ most of the in question. Page 2
Ins irational Charismatic Church Hou of Pra Re rt of the Trustees ear ended 31 December 2025 for the FINANCIAL REVIEIV Going concern Based on the forecast and proiedions and of the Charity. the Board of Trustees is of the opinion that ICC (House of Prayer) has adequate resources to continue in operational existence for the foreseeable future. STRUCTURE, GOVERNANCE AND MANAGEMEKr Governing document The goveming instructmerrt of the charity is its adopted constrtution (frust deed) dated 12 January 1998. Trustee are appointed by agreement of a qu<)rwn of the current trustees. The trustees meets * least 4 times in the year. The day to day operation of ts charity is controlled arnl managed by the trustees. Risk management The trustees have assessed the major risks to which the charity is extM)sed. in particular those lating to the operations and finance of the d)arity arKI are satisfEd that systems and controls are in place to mitlgate their exposure to the major risks. Approved by order of the board of trustees on ..................... . ..................... and signed on its behalf by: Mr Nana Marfo Bonsu - Trustee (Chair) Page 3
Inde Ins endent Examinerfs Re ort to the Trustees of I Charismatic Church House of Pra er Independent examinerfs report to the trusteos of ICC (House of Prayer) I report to the ¢harity trustees on my examination of the accounts of ICC (House of Prayer) (the Trust) for the year ended 31 Decembèr 2025. Responsibilltles and basis of report As the charity trustees of the Twst 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 Trusfs accounts carried out under Section 145 of the Act and in carying out my examination I have followed all applicable Directions gwen by the Charity Commlssion under Section 145(5)(b) of the Act. Independent examIneS statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can ¢onfimi that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, vthlch Is one of the listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection wilh the examination giving me cause to believ8 that in any material respect: accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or the accounts do not accord with those records" or the accounts do not comply with the applicable requirements ¢onceming the fOn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems 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. Margaret 8amvell(FCCA, MBA) Frank Jay & Co Chartered Certified Accountants 89A Kingsland High Street Dalston London E8 2PB Page 4
Ins irational Charism* Churth House of Pra Statement of Financial Activities for the ear ended 31 December 2025 31.12.25 Unrestricted funds 31.12.24 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 452,691 435,923 Investment income Totsl 439 057 EXPENDITURE ON Charitable activities Cost of church activitses and ministri8S Support Gosts Govemance costs 272,276 4,449 65,072 321,902 2,953 58,883 Total 341.797 NEf INCOME 113,670 55,319 RECONCILIATION OF FUNDS Total funds brought forward 1,913,289 1,857,970 TOTAL FUNDS CARRIED FORWARD 2,026,959 1913,289 The notes ftym part of these financial statements Page 5
Ins rational Charismatic Chu Balance set 31 December 2025 31.12.25 Unrestricted funds 31.12.24 Total funds Notes FIXED ASSETS Tangible assets 1,363.978 1.380.713 CURRENT ASSErs Debtors Cash at bank and In hand 10 20,139 768,842 28.601 513,403 788,981 542,004 CREDITORS Amounts falling due wthin one year 11 (3,200) {9,428) NET CURRENT ASSETS 785,781 532 576 TOTAL ASSETS LESS CURRENT LIABILITIES 2,149.759 1,913,289 CREDITORS Amount$ falling due after more than one year 12 (122,800) NET ASSETS 2 026959 1913 289 The notes fomi part of these financial ststements Page 6 continued...
Ins irational Charismatic Church House of Pra Balan Sheet- o)ntinued 1 Deomber 2025 FUNDS Unrestricted funds: General fund 14 2 026 959 1,913,289 TOTAL FUNDS 2,026.959 1.913.289 Thefin cial statements were approved by the Board of Trustees and authorised for issu8 on .. and were signed on its behalf by: Mr Nana Marfo Bonsu - Trustee Mr George for- Treasurer The notes fonn part of financial statements Page 7
Ins irational Charismatic Church Notes to the Finan I Statements for the ear ended 31 Dmber 2025 ACCOUNTING POUCIES Ba81$ of preparlng the financlal statements The financial statements of the charity, which is a public benefft entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pr8paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective 1 January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard appliCae in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Incomlng rnsources All income is recognised in the Statement of Financial Activities once the tharity has entrtlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income is received by way of donations, offering and tithe and 18 accounted for in the statement of finandal activities on receivable basis. Donations under Gtft Aid u8 associated tax recovery are recognised as income when the donation is received. R•8ourco expand Liabilities are recognised as expenditur8 as Soon as there is a legal or constructive obligation Committing the ¢hanty to that expenditure, it is prObae that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure 18 accounted for on an acwals basis and has been da8Stfied under heading8 that aggregate all cost related to the category. Vthere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Govemance costs represents direct expenditure on the governance of tho church. induding the production and independent scrutiny of these financial statements. Support costs ar• those costs incurred indirectly in support of expenditure on the obieclives of the Charity. Tangible flxed assets Depreciation is provided at the followng annual rates in order to write off each asset over It8 estimated useful lrfe. Freehold property Plant and machinery Motor vehicbes in accordance with the property 15% on cost 25% on cost Taxatlon The charity is exempt from tax on its charitable activrties. Page 8 ntinued...
Ins irational Charismatic Church House of Pra er Notes to the Financial StatÈments- continued for the ear ended 31 December 2025 AccouMfiNG POUCIES - continu Fund accounting Unrestricted funds can be used in accordan Imth fv charitable objectives at the discretion of the trustees Restricted funds can only be used for particular restricted purposes wtthin the objects of the charrty. Restrictions arise when by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is induded in the notes to the financial statements. The Charity had no restricted funds in the current or previous year. Hlre purchase and leasing c¢)mmltrnents Rentals paid under operating leases are Charged to ts Statement of Financial Activities on straight line basis over the period of the lease. Pension costs and other post•relirement beneflis The Gharify operates a defined contribution pension scheme. Contnbutions payable to the charity's pension scheme are tharged to the Statement of Financial A¢tivityes in the p8ri0d to which they relate. DONATIONS AND LEGACIES 31.12.25 31.12.24 Offerings Donations and tithes Gfft aid Harlow branch income Northampton branch income Luton branch income 53,230 152,636 64.246 31,781 24,625 126 173 45,180 137.286 62,380 40,159 25,339 125 579 452.691 Page 9 continued...
Ins irational Charisma hurch House of Pra er Notes to the Financial Statements - continued for he ear ended 3 Decembèr 2025 INVESTMENT INCOME 31.12.25 31.12.24 Rents reiVed Deposit account interest 1,500 1.500 1,634 2,776 3.134 CHARITABLE ACTIVITIES COSTS Support costs (see note 5) Direct Costs Totals Cost of church activities and ministries Support costs Governance costs 272,276 272,276 4,449 65,072 4,449 272,276 SUPPORT COSTS Govemance costs Finance Totals Support costs Govemance costs 4,449 4,449 65,072 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 D8cember 2025 nor for the year 8nd8d 31 December 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 Decemb8r 2025 nor for the year ended 31 December 2024. Page 10 continued...
Ins irational Charismatic Church House of Pra Notes to the Finanaal Statements - continued for the ear ended 31 December 2025 STAFF COSTS 31.12.25 31.12.24 Vlages and salaries Other pension costs 83,478 57,283 1.200 PA,672 58,483 The w4erage monthly number of employees duriNJ the year was as follows." 31.12.25 31.12.24 No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTivmES UnStrICted funds INCOME AND ENDOWMENTS FROM Donations and legaaes 435.923 Investrnent income 3,134 Total 439,057 EXPENDITURE ON Charitable activities Cost of churth acbvities and ministries Support costs Govemanck costs 321,902 2,953 Total 383,738 NET INCOME 55,319 RECONCILIATION OF FUNDS Total funds brought forward 1,857.970 TOTAL FUNDS CARRIED FORWARD 1.913.289 Page 11 continu8d...
Ins irational Charismatic Church House of Pra Notes to he Financial Statements - continued for the ear ended 31 Decem er 2025 TANGIBLE FIXED ASSETS Freehold property Plant and machinery Motor vehicles Totals COST At 1 January 2025 Additions 1,471,791 232,446 21,050 1.725.287 At 31 December 2025 1471791 233 598 21050 1726 439 DEPRECIATION At 1 January 2025 Charge for year 126,099 197,425 21,050 344,574 At 31 December 2025 134,443 206,968 NET BOOK VALUE At 31 December 2025 1337 348 1363 978 At 31 December 2024 1345 692 1380713 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Members soft loans Accrued income Prepayrnents 2,000 1,500 8,700 Pag8 12 continued...
Ins irational Charismatic Church Hous8 of Pr er Notes to the Financial Statements - continued for the ear ended 31 December 2025 11. CREDITORS: AmOU[s FALLING DUE WITHIN ONE YEAR 31.12.25 31.12.24 Trade creditors Taxation and social security Other creditors 8,000 228 2,400 800 9.428 12. CREDITORS: Amoupifs FALLING DUE AFfER MORE THAN ONE YEAR 31.12.25 31.12.24 Other creditors 122,800 13. LOANS An analysis of the maturity of loans is gNen below: 31.12.25 31.12.24 Amounts falling between one and two years: Other loans - 1-2 years 122 800 14. MOVEMENT IN FUNDS Net movement in funds At 31.12.25 At 1.1.25 Unrestrlctsd funds General fund 1,913,289 113,670 2,026,959 TOTAL FUNDS 1,913,289 113,670 2,026 959 Net movement In funds, Induded in the above are as follovrJ: Incoming Resources Movement resources expended in funds Unre$trl¢ted fund8 General fund 455,487 {341.797) 113,670 TOTAL FUNDS 341797) 113.670 Page 13 continued...
Ins irational Charismatic Church House of Pra Notes to the Financial Statements - continued for the ear ended 31 December 2025 14. MOVEMENT IN FUNDS - contlnued Comparatlves for movement In fund$ Net movement in fund8 At 31.12.24 At 1.1.24 Unrn8tr1ctod fund• G8neral fund 1,857,970 55,319 1,913,289 TOTAL FUNDS 1857 970 55.319 1913 289 Comparative net movement In fund8, included In the above are as follow8.. Incomlng Re80urces Movement resources expended In funds Unrnstrlctad lund• General fund 439,057 (383,738) 55,319 TOTAL FUNDS 439 057 383 738) A current year 12 months and prior year 12 months combined p081tion 18 88 follows: Nel movement in funds At 31.12.25 At 1.1.24 Unrestrl¢ted fund8 General fund 1,857.970 168,989 2.026,959 TOTAL FUNDS 1857 970 168 989 2 026 959 Page 14 continued...
irational Charismatic Church House er Notes to the Financial Statements- continued for the e r ended 31 Drnber 2025 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 rnontt combined nèt movement in funds. induded in the above are as follows.. Incoming Resourc88 Movemènt resources expended in funds Unrestrlctod fund8 General fund 894,524 (725.535) 168,989 TOTAL FUNDS 168 989 10. RELATED PARTY tXSCLOSURES There were no related paty transactions for the year ended 31 December 2025. Pa9e 15
atsc Chu ouse of Pra er Detailed Statement of Financial Adivities for the ear ended 31 December 2025 31.12.25 31.12.24 INCOME AND ENDOWMENTS Donatlons and lega¢l•s Offerings Donations arKI tithes Gift aid Harlow branch income Northampton branch income Luton branch income 53.230 152,836 64,246 31,781 24,625 128 173 45.180 137,288 62,380 40,159 25,339 125,579 452.691 435,923 Investment Income Rents received Deposit a¢¢ount interest 1,500 1,500 Total Incomlng rosourc 455,467 439,057 EXPENDITURE Charftable actlvltles Repairs and rnaintenance Rates and water Insurance Light and heat Telephone Postage and stationery Donation and welfare Cleaning and decoration 6,090 3,192 2,290 9,229 3.196 2.232 30,342 900 3,883 2,838 2,174 7,316 3,408 2,917 38,571 712 E 11 Children's and Youth ministry Ghana branch costs Harlow branch costs Luton branch costs Ministry and outreach Northampton branch Costs Women's ministry costs Equipment expensed Carried forward 6,601 5,133 42,527 70,704 43,082 22,946 3,000 2,924 254,388 6,763 28,636 40,505 88,182 50,730 21,859 4,000 114 302,608 This page does not foTm part of the statutory financial statements Page 16
irational Charismatic Church House of Pra Detailed Statement of Finanaal Activiti fort . r ended 31 December 2025 31.12.25 31.12.24 Charltable actlvltles Brought forward Depreciation of tangl8 fixed assets 254,388 17.888 302,608 19,294 272.276 321.902 Support costs Flnance Bank charges 4,449 2,953 Governance costs Wages Pensions Examinerfs fee 63,478 1,194 400 57,283 1,200 400 58,883 Total re80urces expended Net Income 113670 This page does not forni part of the statutory financial statements Page 17