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← Prayer House Ministries

2022-03-31-accounts

PRAYER HOUSE MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED

MARCH 2022.

Charity Number 1096015

Prayer House ince ll

TRUSTEES ANNUAL REPORT 2021-22

My house shall be called a house 7 ; ._ of prayer for all people dé

Contents

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Objectives.

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1

1. Introduction

2. Mission Statement of Prayer House Ministries (PHM)

The Power of the Holy Spirit to minister the word of God, including all types of prayer: to comfort, to exalt and to edify. (1 Corinthians 14:3 — But the one who prophesies speaks unto men for strengthening, encouraging and comfort.)

3. Our Vision

Using the grace of God in prayers to establish a Church for all men and a Church of excellence in love.

4. Objectives of the Charity

The objectives of the charity are to:

Advancement of the Christian faith Worldwide

|.Relief of poverty

To achieve these:

2

  1. Organisational Structure

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

  3. e The board meets four times a year as a minimum.

  4. e A Pastor is appointed by the board to manage the spiritual and the day-to-day operations of the charity.

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

5. 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:

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. Risk Assessment officer is now part of the establishment to review health and safety matters. Safeguarding officer is now part of the establishment to review safeguarding matters.

3

  1. Finance

7. 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 minimise those risk. Internal procedures are established and regularly reviewed to ensure compliance at all times.

8. 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. As a church we returned to the Forum in May 2021. Despite almost two years since the start of the pandemic, the impact is still being felt in 2022.

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.

  1. Achievements for the year ended 31%t March 2022

  2. The workshop on spiritual empowerment which started on 12/11/2017 was a great event and is ongoing throughout.

  3. Prayer Retreat to Ashburnham — Kent the year 2020 since then it was an exciting event with lots of revelation/knowledge from Jehovah.

  4. The children’s 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).

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

  6. Radio programmes is ongoing and has exposed PHM in the areas of evangelism.

  7. Retreat to Ashburnham Place, Battle in on 06/09/2019

4

  1. The main branch of PHM is in the London Borough of Greenwich, at the Forum@ Greenwich London SE10 9EQ

  2. The Branch at Newcastle started in November 2016 and is on-going is on- going.

  3. The Branch at Manchester started in December 2016 and is ongoing.

  4. A New Branch at Luton opened its doors from February 2017

  5. A New Branch started in Abuja Nigeria in January 2017 and is on going

  6. Pastor and the ministers have an outreach programme throughout the year daily

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

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

  9. 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.

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

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

  12. 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.

  13. PHM are working towards making their original songs accessible.

  14. COVID 19 has had a huge impact on our church activities and finances between January — March 2020

10. Global Reach

PHM began collecting data via WIX' in 2020 during the COVID-19 pandemic. The data collected for the period between 1* April 2020 to 31 March 2021 is a breakdown of activity from countries across the world, where individuals visit and engage with the material contained within our website. The top countries were; India, Kenya, Nigeria, South Africa, Canada, and Germany with the highest engagement from the United Kingdom followed by the United States (see appendix one).

For the year 1* April 2021- 318 March 2022 during the COVID-19 recovery period, the top countries where the most activity was recorded were: Canada, China, Germany, India,

*WIX

5

Kenya, Netherlands, Nigeria, South Africa, United Kingdom and United States (see appendix two). This represents, more activity from China and the Netherlands demonstrating PHM’s Global reach.

11. Conclusion

To conclude PHM has undertaken significant activity this last year, demonstrating its commitment to the Gospel of Jesus Christ.

6

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:

Mr Joseph Aghomi Chairman (Trustee/Pastor)

Mr David Corfield

Mrs Ginikanwa Achokwu

Ms Margaret Douglas

Ms Rose Mitchell

Mrs Naomi Leo (Church Administrator/Chairman)

PHM

Charity: Name: Prayer House Ministries

Charity Number: 1096015

| ‘ib Wain Leo

10.6). 2023

7

Appendix one

WIX DATA: PERIOD FROM 1 APRIL 2020 TO 31 MARCH 2021

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8

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9

Appendix two

WIX DATA: PERIOD FROM 1 APRIL 2021 TO 31 MARCH 2022

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11

PRAYER HOUSE MINISTRIES

ACCOUNTANTS CERTIFICATE FOR THE YEAR ENDED 315! MARCH 2022.

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 24 Harbour House Coldharbour Lane Rainham RM13 9YB

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Page 4

PRAYER HOUSE MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022.

SUMMARY INCOME AND EXPENDITURE ACCOUNT.

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||||||||| |---|---|---|---|---|---|---|---| |Notes|Unrestricted|Restricted|2022|2021| |INCOMING|RESOURCES| |Donations|2|102279|0|102279|53283| |Other voluntary|income|3|5960|0|5960|10195| |Charity|and|ancillary trading|4|nil|0|nil|0| |TOTAL|INCOMING|RESOURCES|108239|f(t)|108239|63478| |RESOURCES|USED| |Grants|5|7500|0|7500|3500| |Direct|parish|expenditure|6|79997|0|79997|56870| |Administration|7|1176|0|1176|962| |TOTAL|RESOURCES|USED|88673|i!)|88673|61332| |NET|INCOMING|RESOURCES|19566|0|19566|2146| |BALANCES|B/F|AT|BEGINNING| |OF YEAR|4657|0|4657|2511| |BALANCES|CARRIED FORWARD|24223|0|24223|4657|

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Page 5

PRAYER HOUSE MINISTRIES

BALANCE SHEET
as at 31 March 2022.
Notes 2022 2021
Fixed assets
Tangible assets		 10 3456 389
Current assets
Cash atbankand in hand
Rentdeposit		 20917
500		 4419
500
Creditor: amounts falling due
within oneyear		 14 650 650
Net current assets 20767 4269
Net current assets less current
liabilities		 24223 4658
Funds
Restricted funds
Unrestricted funds
Total funds		 12 0
24223
24223		 0
4657
4657
Approved bythe Trustees:
Sign:Niue Neon Leo
Date:
;
\O.ot. 2023		 Page6

PRAYER HOUSE MINISTRIES NOTES ON FINANCIAL STATEMENTS For the year 31 March 2022.

  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		 2022 2021
Tithes, Offerings
Gift Aid
TV		 87679
11950
2650
102279		 nil
nil
0
o		 87679
11950
2650
102279		 36067
0
2025
38092
3.Other voluntary income
Other Collections		 0
5960		 0 5960 10195
5960 o 5960 10195
4.Income from charitable
and ancillary trading
Booksand tapes		 nil nil nil nil
5.Grants paid
Missionary and charitable
giving:
Reliefofpoverty
City of Faith Ministry
Newbranch		 6600
900
nil
7500		 nil
nil
nil
o		 6600
900
nil
7500		 3500
nil
nil
3500
6.Direct parish expenditure
Ministry:
pastors&othervolunteers
pastor's expense
Youth Ministry		 9410
3944
1063		 nil
nil
nil		 9410
3944
1063		 6000
1500
nil
Church - running cost:
rent and rates
music and equipment(Accessories)
telephone
repairsand services
stationery& Printing
Crusade& Evangelism
Cleaning
Admin Volunteers
Children
Musicians
Insurance
TVEvangelism &Advert
IT
Conference& training
Travel exp
Internet expenses& streaming		 14113
607
876
721
1141
2580
635
12550
5400
5650
250
9161
1837
2855
4115
1350		 nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil
nil		 14113
607
876
721
1141
2580
635
12550
5400
5650
250
9161
1837
2855
4115
1350		 11696
214
2400
1500
203
570
445
11301
1050
6500
278
7764
527
1568
2510
456
depreciation:
musical instruments		 1739
79997		 nil
nil		 1739
79997		 389
56871

Page 7

7.Administrative expenditure 2022 2021 Accountants fee 650 nil 650 650 bank chages 526 nil 526 312 1176 o 1176 962 8.Net movement in funds for the Theyearnet movement in fund for the year is stated after charging: 2022 2021 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 for the parish purposes musical equipment cost at 1st April 2021 7354 Additon during the year 4609 Gross book value at 31st March 2022 11963 Depreciation At 1st April 2021 6966 Charge for the year 1541 At 31st March 2020 8507 Net book value at 31 March 2022 3456 Net book value at 31 March 2021 388 All fixed assets are used directly for the church purposes.

41.Creditors: amounts falling due within one year Accountants fees Other Creditors

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650
nil
650
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