Charity Registration Number : 1117663 Company Registration Number : 05876797
SOZO HOUSE OF PRAISE
A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025
SOZO HOUSE OF PRAISE
CONTENTS
FOR THE YEAR ENDED 31 MAY 2025
| Legal and Administrative Information ...................................................................................................... |
1 |
|---|---|
| Trustees' Report ...................................................................................................................................... |
2 |
| Independent Examiner's Report .............................................................................................................. |
4 |
| Statement of Financial Activities ............................................................................................................. |
5 |
| Balance Sheet ......................................................................................................................................... |
6 |
| Notes to the Financial Statements .......................................................................................................... |
7 |
SOZO HOUSE OF PRAISE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MAY 2025
| Trustees | Miss K Campbell |
|---|---|
| Mr N Carasco | |
| Mrs Y Parker | |
| Charity Number | 1117663 |
| Company Number | 05876797 |
| Registered Ofce | First Floor |
| 14-16 Powis Street | |
| London | |
| SE18 6LF | |
| Secretary | Mrs V A Blake |
| Independent Examiner | Abudey & Co Ltd |
| First Floor | |
| 14-16 Powis Street | |
| Woolwich | |
| SE18 6LF |
Page 1 of 9
SOZO HOUSE OF PRAISE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MAY 2025
The trustees present their annual report and financial statements for the year ended 31 May 2025.
Trustee's report and financial statements
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
To advance the Christian Faith through Evangelism and Ministry in accordance with the Statement of Faith set out int schedule to the Memorandum of Association.
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Reference and Administrative details
Registered Company number
05876797(England and Wales)
Registered Charity number
1117663
Registered office
First Floor
14-16 Powis Street
Woolwich
London
SE18 6LF
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Miss K Campbell Mr N Carasco Mrs Y Parker
Trustee's responsibilities statement
The trustees, who are also the directors of Charity For Sozo House Of Praise for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
Page 2 of 9
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on its behalf by:
Mr N Carasco Trustee
Date : 30/03/2026
Page 3 of 9
SOZO HOUSE OF PRAISE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MAY 2025
Independent Examiner’s Report to the Trustees of Sozo House Of Praise
I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31 May 2025 which consists of the statement of financial activities,balance sheet and the related notes
Responsibilities and basis of report
As the charity’s trustees 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 charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of AIA
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
-
I have no concerns 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.
Name: Mr Symon L Abudey
for and on behalf of Abudey & Co Ltd
Date: 30/03/2026
Page 4 of 9
SOZO HOUSE OF PRAISE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Investments 3 Total Expenditure on: Raising funds 4 Charitable activities Other 6 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 37,959 433 38,392 27,500 11,317 468 39,285 (893) (893) 28,138 27,245 |
Total Funds 2025 £ 37,959 433 38,392 27,500 11,317 468 39,285 (893) (893) 28,138 27,245 |
Total Funds 2024 £ 49,275 181 |
|---|---|---|---|
| 49,456 | |||
| 32,744 11,317 391 |
|||
| 44,452 | |||
| 5,004 | |||
| 5,004 23,133 |
|||
| 28,137 |
Page 5 of 9
SOZO HOUSE OF PRAISE
BALANCE SHEET
FOR THE YEAR ENDED 31 MAY 2025
| Recommended categories by activity Notes Fixed assets Tangible assets 7 Total fxed assets Current assets Cash at bank and in hand 8 Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Total net assets Funds of the Charity Unrestricted funds 10 Restricted funds 10 Endowment funds 10 Total funds |
Total Funds 2025 £ 2,066 2,066 27,497 27,497 2,317 25,180 27,246 27,245 - - 27,245 |
Total Funds 2024 £ 1,475 1,475 28,981 28,981 2,317 26,664 |
|---|---|---|
| 28,139 | ||
| 28,138 - - |
||
| 28,138 |
For the year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 20 March 2026 and signed on its behalf by:
Mr N Carasco Trustee
Date :30/03/2026
Page 6 of 9
SOZO HOUSE OF PRAISE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| Analysis Unrestricted funds £ HMRC - Gift aid 5,486 Sundry Income & Donations 224 Tithes and Ofering 32,249 Total 37,959 3. Income from Investments Analysis Unrestricted funds £ Interest 433 Total 433 4. Expenditure on Raising Funds Analysis Unrestricted funds £ Sanctuary Rental and Expenses 7,817 Telephone and internet 240 Gen. church running expenses 4,076 Storage and removals 735 Motor travel and transport 3,232 Stipend and Expenses 2,400 Total 18,500 Support Costs 9,000 27,500 |
Total funds 2025 £ 5,486 224 32,249 37,959 Total funds 2025 £ 433 433 Total funds 2025 £ 7,817 240 4,076 735 3,232 2,400 18,500 9,000 27,500 |
Total funds 2024 £ 6,155 1,082 42,038 |
|---|---|---|
| 49,275 | ||
| Total funds 2024 £ 181 |
||
| 181 | ||
| Total funds 2024 £ 7,962 403 6,491 3,132 4,556 1,200 23,744 9,000 |
||
| 32,744 |
Page 7 of 9
5. Support Costs
| 5. Support Costs | |||||
|---|---|---|---|---|---|
| Analysis Support Costs Salary Wages and Allowance Governance Costs Accountancy charges 6. Other Expenditure Analysis Unrestricted funds £ Depreciation Charge for the Year - Fixtures & Fittings 180 Bank charges & interest 83 Church Equipment - Depreciation Charge for the Year 205 Total 468 7. Tangible Fixed Assets 7.1 Cost or valuation At 01 June 2024 Additions Disposals Revaluations Transfers At 31 May 2025 7.2 Depreciation and impairments At 01 June 2024 Charge for the year Disposals Revaluations Transfers At 31 May 2025 7.3 Net book value At 01 June 2024 At 31 May 2025 |
Total funds 2025 £ 18,000 2,317 |
Total funds 2024 £ 18,000 2,317 |
|||
| 20,317 | 20,317 | ||||
| Total funds 2025 £ 180 83 205 468 Fixtures & Fittings £ 2,174 976 - - - 3,150 1,723 180 - - - 1,903 451 1,247 |
Total funds 2024 £ 39 96 256 |
||||
| 391 | |||||
| Church Equipment £ 4,965 - - - - 4,965 3,941 205 - - - 4,146 1,024 819 |
|||||
| 3,150 | |||||
| 1,723 180 - - - |
|||||
| 1,903 | |||||
| 451 | |||||
| 1,247 |
Page 8 of 9
8. Cash at bank and in hand
| 8. Cash at bank and in hand | |
|---|---|
| Analysis Total funds 2025 £ Bank Account 11405551 2,119 PCU 3023 23,567 PCU 4048 1,811 Total 27,497 9. Creditors: Amounts falling due within one year Analysis of Creditors Total funds 2025 £ Accrued expenses 2,317 Total 2,317 |
Total funds 2024 £ 6,536 20,669 1,776 |
| 28,981 | |
| Total funds 2024 £ 2,317 |
|
| 2,317 |
9. Creditors: Amounts falling due within one year
10. Charity funds
10.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds 23,133 38,391 39,284 - - 22,240 General Fund 5,005 - - - - 5,005 10.2 Details of material funds held and movements during the PREVIOUS reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds General Fund - 49,457 44,452 - - 5,005 23,133 - - - - 23,133 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,133 38,391 39,284 - - 22,240 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,133 38,391 39,284 - - 22,240 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,133 38,391 39,284 - - 22,240 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,133 38,391 39,284 - - 22,240 |
Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ 23,133 38,391 39,284 - - 22,240 |
|---|---|---|---|---|---|
| 5,005 - |
- | - | - | 5,005 | |
| 23,133 - |
- | - | - | 23,133 |
Page 9 of 9