## 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| Page | PRAYER , HOUSE MINISTRIES 47 Kessock Close London N17 9PN Telephone: 07950 645 889 Email: admin@prayerhouseministries.com Website: www.prayerhouseministries.com Charity Number 1096015 **==> picture [82 x 103] intentionally omitted <==** **----- Start of picture text -----**
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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: 07950 645 889 Email: admin@prayerhouseministries.com Website: www.prayerhouseministries.com Charity Number 1096015 **==> picture [82 x 108] intentionally omitted <==** **----- Start of picture text -----**
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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: 07950 645 889 Email: admin@prayerhouseministries.com Website: www.prayerhouseministries.com Charity Number 1096015 **==> picture [81 x 108] intentionally omitted <==** **----- Start of picture text -----**
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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: 07950 645 889 **==> picture [81 x 94] intentionally omitted <==** **----- Start of picture text -----**
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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. 3. 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). 4. TV programmes on Faith World TV (channel 589) is on-going and has exposed PHM immensely in the areas of Evangelism & Worldwide ministrations. 5. 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 12. Pastor and the ministers have an outreach programme throughout the year daily 13. 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. 14. PHM has started Prison Ministry in 2017/2018 year and is on-going. 15. 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. 16. Media section has the following, PHM Website, Soundcloud, Twitter and Facebook enabling Christians to hear the ‘Word’ via Social Media Platform. 17. Pastor and the Ministers often visit and pray for the sick in hospital, when required. 18. 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. 19. PHM expect their own musical CD in 2022/23 20. 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: 07950 645 889 Email: admin@prayerhouseministries.com Website: www.prayerhouseministries.com Charity Number 1096015 **==> picture [82 x 109] intentionally omitted <==** **----- Start of picture text -----**
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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 **==> picture [141 x 70] intentionally omitted <==** **----- Start of picture text -----**
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Page 4 ## PRAYER HOUSE MINISTRIES ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021. ## SUMMARY INCOME AND EXPENDITURE ACCOUNT. **==> picture [421 x 382] intentionally omitted <==** **----- Start of picture text -----**
|||||||||| |---|---|---|---|---|---|---|---|---| |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| **----- End of picture text -----**
Page 5 ## 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:||||| |||Page6||| ## 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| Page 7 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| Page 8