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