2021-03-31-accounts

PRAYER HOUSE MINISTRIES

FINANCIAL STATEMENTS FOR THE YEAR ENDED

MARCH 2021.

Charity Number 1096015

PRAYER HOUSE MINISTRIES

INDEX

Content	Page
Index to the content	l
Trustees report	1-4
Accountants Certificate	4
Income and Expenditure Account	5
Balance Sheet	6
NotestotheAccount	7-8

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PRAYER , HOUSE MINISTRIES 47 Kessock Close London N17 9PN Telephone: [phone]

Email: [e-mail] Website: www.prayerhouseministries.com Charity Number 1096015

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PRAYER HOUSE MINISTRIES (PHM)

Report of the Trustees for the year ended 31°tMarch 2021

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31‘ March 2021

Objectives of the Charity

The objectives of the charity are to: I. | Advance the Christian faith Worldwide Il. Relieve poverty

• To achieve these, the charity engaged in:

• e running Sunday services in its locality

• e Organising crusades

• e Regular evangelism

• e Prayer meetings and Bible Studies

• e counselling on any matter © Youth activities , to help keep young ones out oftrouble and reach them with the Word of God.

• © Toenable the charity to carry out its objectives effectively, we are looking for our church building.

Governance Structure

• e Anelected board of at least five members administer the charity.

• © The board meets four times a year as a minimum. e A Pastor is appointed by the board to manage the spiritual and the day to day operations of the charity.

• e There are volunteers assisting the pastor in the administration and other areas that help might be needed.

Risk Review The trustees have conducted its own review of the major risks to which the charity is exposed and systems have been established to minimize those risk. Internal procedures are established and

PRAYER HOUSE MINISTRIES 47 Kessock Close London N17 9PN

Telephone: [phone] Email: [e-mail] Website: www.prayerhouseministries.com Charity Number 1096015

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regularly reviewed to ensure compliance at all times. Prayer House ministries has not identified any risks, except prior to returning to face-to-face service a thorough risk assessment was undertaken between PHM and the management of the Forum @ Greenwich to ensure social distancing and COVID compliance.

PRAYER HOUSE MINISTRIES

47 Kessock Close London N17 9PN Telephone: [phone] Email: [e-mail] Website: www.prayerhouseministries.com Charity Number 1096015

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Responsibilities of the Trustees

• Company law requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources, including income and expenditure, for the year ended. In preparing those financial statements which gives a true and fair view, the trustees should follow best practice and: e Select suitable accounting policies and then apply them consistently. e Make judgements and estimates that are reasonable and prudent. e State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

• e Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue on that basis.

The trustees are responsible for keeping accounting records which discloses with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 1985. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection or fraud and other irregularities. The Risk Assessment officer is now part of the establishment to review health and safety matters.

A Safeguarding officer is now part of the establishment to review safeguarding matters.

COVID 19 Response and impact

Due to the global pandemic throughout 2020 and as instructed by the government, lockdown was observed by Prayer House Ministries and its branches. Home visits ceased and church services were held weekly via telephone. Ministration continued via a television channel to support members spiritually during the pandemic. A COVID-19 relief poverty programme was set up to support members that were experiencing financial hardship. Despite the difficulties that the COVID-19 pandemic presented and continues to present, the below outcomes were achieved.

PRAYER HOUSE MINISTRIES 47 Kessock Close N17London 9PN Telephone: [phone]

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Website: www.prayerhouseministries.com Charity Number 1096015

Achievements for the year ended 31‘ March 2021

• |. The workshop on spiritual empowerment was a great event and is ongoing throughout. 2. Prayer Retreat to Ashburnham — Kent the year 2021 since then it was an exciting event with lots of revelation/knowledge from Jehovah.

• The children Ministry and Sunday School continues to improve because of the contributions from Sister Ginikanwa Achokwu (Youth Minister and Voluntary Safeguarding Officer), Sister Patricia Peters and Brother James Lescott Jr. (Sunday School Teachers).

• TV programmes on Faith World TV (channel 589) is on-going and has exposed PHM immensely in the areas of Evangelism & Worldwide ministrations.

• Radio programmes is ongoing and has exposed PHM in the areas of evangelism. 6. Retreat to Ashburnham Place, Battle in on 06/09/2020 7. The main branch at the Forum@ Greenwich London SE10 9EQ

• 8 The Branch at Newcastle started in November 2016 and is on-going is on- going. 9. The Branch at Manchester started in December 2016 and is on going. 10. A New Branch at Luton opened its doors from February 2017 11. A New Branch started in Abuja Nigeria in January 2017 and is on going

• Pastor and the ministers have an outreach programme throughout the year daily

• A Ministry Partnership has started with Ministers in Kolkata and New Delhi - India, Nairobi - Kenya, Cape Town - South Africa, Lagos & Ibadan — Nigeria, Kingston Jamaica, and Manila - Philippines and Ontario - Canada.

• PHM has started Prison Ministry in 2017/2018 year and is on-going.

• Numerous weekly, live calls are answered Faith Worldwide Tv, Pastor and the Ministers endeavour to call back then, enquires to meet the needs of the callers.

• Media section has the following, PHM Website, Soundcloud, Twitter and Facebook enabling Christians to hear the ‘Word’ via Social Media Platform.

• Pastor and the Ministers often visit and pray for the sick in hospital, when required.

• Pastor and the Ministries are constantly undertaking home visits to everyone where necessary and those that are housebound due to ailments; this is on a regular basis.

• PHM expect their own musical CD in 2022/23

• COVID 19 has had a huge impact on our church activities and finances throughout the year

PRAYER HOUSE MINISTRIES

47 Kessock Close London N17 9PN Telephone: [phone] Email: [e-mail] Website: www.prayerhouseministries.com Charity Number 1096015

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The Trustees Trustees. who are also directors under company law, who served during the year and up to date of this report were as follow:

Joe Aghomi David Corfield Ginikanwa Achokwu Margaret Douglas Rose Mitchell Naomi Leo (Church Administrator/Chairman)

ChairmanPHM (Trystee)non yok cmsrme Charity: Name: Prayer House Ministries

Charity Number: 1096015

PRAYER HOUSE MINISTRIES

ACCOUNTANTS CERTIFICATE FOR THE YEAR ENDED 315' MARCH 2021.

In accordance with instruction given to us, we have prepared the Annexed Income and Expenditure account and balance sheet under the historical cost convention, using the accounting records; information and explanation supplied to us by the trustees, and certify that they are in accordance there-in.

Topson & Co 280 Camberwell Road London SE5 ODL

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PRAYER HOUSE MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021.

SUMMARY INCOME AND EXPENDITURE ACCOUNT.

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|||||||||| |---|---|---|---|---|---|---|---|---| |Notes|Unrestricted|Restricted|2021|2020| |INCOMING|RESOURCES| |Donations|2|53283|e)|53283|81875| |Other|voluntary|income|3|10195|0|10195|31193| |Charity|and|ancillary|trading|4|nil|0|nil|0| |TOTAL|INCOMING RESOURCES|63478|it)|63478|113068| |RESOURCES|USED| |Grants|5|3500|0|3500|3050| |Direct|parish|expenditure|6|56870|0|56870|174 185| |Administration|rs|962|0|962|1534| |TOTAL RESOURCES|USED|61333|it)|61333|415766| |NET INCOMING|RESOURCES|2146|0|2146|-2697| |BALANCES|B/F|AT|BEGINNING| |OF YEAR|2511|0|2511|5209| |BALANCES CARRIED FORWARD|4657|it)|4657|2511|

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PRAYER HOUSE MINISTRIES

		BALANCE SHEET
		as at 31 March 2021.
	Notes	2021		2020
Fixed assets Tangible assets	10	389		777
Current assets Cash atbank and in hand Rentdeposit		4419 500	1884 500
Creditor: amounts falling due within oneyear	11	650	650
Net currentassets		4269		1734
Net currentassets less current liabilities		4657		2511
Funds Restricted funds Unrestrictedfunds Totalfunds	12	0 4657 4657		0 2511 2511
Approved by the Trustees:
Sign: The Date:
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PRAYER HOUSE MINISTRIES NOTES ON FINANCIAL STATEMENTS For the year 31 March 2021.

1. Accounting Policies The financial statements have been prepared under the historical cost convention, and in accordance with the statement of Recommended practice, accounting and Reporting by Charities (SORP 2000) issued in October 2000, applicable accounting standards and Companies Act 1985.

2.Donations	Unrestricted Funds	Restricted Funds	2021	2020
Tithes, Offerings GiftAid IN	36067 0 2025 38092	nil nil i) 0	36067 0 2025 38092	69691 10386 1798 81875
3.Other voluntary income Other Collections	10195	0	10195	31193
	10195	it}	10195	31193
4.income from charitable
and ancillary trading Booksandtapes	nil	nil	nil	nil
5.Grants paid
Missionary and charitable
giving:
Relief ofpoverty Missionary societies New branch	3500 nil nil 3500	nil nil nil 0	3500 nil nil 3500	3050 nil nil 3050
6.Direct parish expenditure
Ministry: pastors&othervolunteers pastor'sexpense visiting speakersexpences	6000 1500 nil	nil nil	6000 1500 nil	§300 13920 nil
Church - running cost: rentand rates musicandequipment(Accessories) telephone repairsand services stationery& Printing Crusade&Evangelism Cleaning AdminVolunteers Children Volunteer& Musicians Insurance TVEvangelism&Advert IT Conference& training Travelexp Internet expenses& streaming	11696 214 2400 1500 203 570 445 11301 1050 6500 278 7764 $27 1568 2510 456	nil nil nil nil nil nil nil nil nil nil nil nil nil nil nil	11696 214 2400 1500 203 570 445 11301 1050 6500 278 7764 627 1568 2510 456	52987 263 354 nil 1634 40 56 4690 1860 8800 263 11025 849 2436 6240 75
depreciation: musical instruments	389 56870	nil nil	389 56870	389 111181

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7.Administrative expenditure 2021 2020 Accountants fee 650 nil 650 650 bank chages 312 nil 312 884 962 0 962 1534 8.Net movement in funds for the year The net movement in fund for the year is stated after charging: 2021 2020 Depreciation on tangible assets 389 389 Accountants remuneration 650 650 9. Minister expenses paid during the year 0 0

10.Tangible fixed assets
Used directly forthe parish purposes cost at 1stApril 2020 Additon during the year Gross book value at31stMarch 2021	musical equipment 7354 0 7354
Depreciation At 1stApril 2020 Charge fortheyear At31stMarch 2020 Netbookvalue at 31 March 2021 Netbookvalue at31 March 2020	6577 389 6966 389 reed
All fixed assets are used directly for the church purposes.
41.Creditors: amounts falling due within one year
Accountantsfees Other Creditors	650 nil
	650

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