HOUSE OF REVIVAL
ACCOUNTS
31 DECEMBER 2023
Charity Number 1141079
HOUSE OF REVOVAL
ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
CONTENTS PAGE Trustees’ annual report 1 Independent examiner’s report to the members 5 Statement of financial activities 7 Income and expenditure account 8 Balance Sheet 9 Notes to the accounts 10
HOUSE OF REVIVAL
TRUSTEES’ ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
The trustees present their report and the unaudited accounts of the charity for the year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name House of Revival (UK) Charity registration number 1141079 Registered office 16 Rosemary Way, Nuneaton, CV10 1NE
The trustees
The trustees who served the charity during the period were as follows:
Rev. Kojo Acquah Mr Samuel Boateng Miss Diana Yamoah Mr Frank Owusu Mrs Barbara Acquah Bankers NatWest 24 Broadgate, Coventry CV1 1NE Independent Examiners Quartey Accountancy 20 Lewis Terrace Northampton NN5 7GE
HOUSE OF REVIVAL
TRUSTEES’ ANNUAL REPORT (continued )
YEAR ENDED 31 DECEMBER 2023
The principal aim of House of Revival (UK) is to promote the Christian Religion through activities and events recommended and approved by the leadership of the charity. The following are the aims and objectives of House of Revival:
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To propagate he Gospel of Jesus Christ across the nations through effective face to face evangelism, use of the media and through diverse means.
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To build a Godly community by identifying peoples’ social and spiritual needs and finding ways to meet those needs.
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To actively engage in a continuous collective Global community based evangelical works to raise disciples in the various communities across the nations for the continuation of God’s work within the local communities.
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To co-operate with other churches or similar bodies for the relief of poverty and for other charitable purposes for the benefit of mankind.
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To advance education for the benefit of mankind
HOUSE OF REVIVAL
TRUSTEES’ ANNUAL REPORT (continued )
YEAR ENDED 31 DECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Background
House of Revival Ministries is a non-Profitable organisation /registered charity (CRN 1141079) and a member of the Voluntary action attended by approximately three hundred members including children. Day to day management of the church is vested in the leadership/ departmental team led by the senior pastor. We believe in inclusiveness and welcome all people who want to participate in our activities.
The church is located in Coventry, West Midlands. House of Revival is a multicultural thriving church that operates throughout the week. The church has been in existence for over a decade.
Leadership
The leadership team is responsible for the administration and management of the local church, general purposes, finances, and personnel. Capital projects and expenditure require the approval of the leadership team. This team meets regularly to discuss and plan objectives and implementation thereof. All matters are subject to prayer and God’s direction. Appointments of officers are governed by the constitution of the church.
Trustee induction and training
New trustees undergo orientation where they are briefed on their legal obligations under Charity Law, the content of the constitution and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be of use for the undertaking of the role.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The board of trustees actively review the major risks facing the charity on a regular basis and ensure measures are put in place to safeguard the charity's fund and assets. The trustees also ensure that legal advice is sought, when necessary, on crucial issues concerning the ministry.
Objectives and Activities
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. The vision of the church is "Saving souls and making them better through Christ." To help achieve this, the following objectives have been set:
To expand and develop the ministry of House of Revival through Sunday and mid-week worship services, children's ministries, youth ministries, prayer and ministry training, bible studies and small groups meetings. To minister to the congregation and the local community through family life, relationship, and other ministry programmes. To establish social programmes to provide food, clothes, and shelter for the needy and care for the sick. To educate and equip the congregation and other churches in the practice of ministry through House of Revival based conferences.
Achievements and Performance
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The church's activities are available to Christians and non-Christians, members, and nonmembers alike; there is no restriction to attendance. The community have been attracted to and enjoyed our weekly services, conferences, and programmes.
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The church is making strenuous effort to acquire its own premises to support the growth and development of the Ministry. The bid for a few properties during the year but unfortunately we were unable to meet the asking price.
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We also aid the local community by providing career counselling, pre-and post-marital counselling, bereavement counselling, hospital visits, prison visits, welfare provision, prayer support, men and women's meetings and supporting local charities.
Volunteers
Members of the charity who are professionals in their various field of work and study again volunteered in different capacities during the year under review and their work has not been quantified.
Financial Review
Please refer to the annexed accounts for the details of the financial statements for the year ended 31 December 2023.
PLANS FOR FUTURE PERIODS
Missions: The Church will continue with mission outreach and donation of essential supplies for the under privileged and orphanages in Africa
The church will also continue to support its community-based initiative programmes.
RESPONSIBILITIES OF THE TRUSTEES
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Laws applicable to Charities in England and Wales requires 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 for that period.
In preparing these financial statements, the trustees are required to:
-select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent.
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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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 proper 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 Charities Acts 2011. The trustees 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.
Signed by order of the trustees.
RKA
Rev Kojo Acquah
Trustee
20/07/2024
HOUSE OF REVIVAL
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF HOUSE OF REVIVAL
YEAR ENDED 31 DECEMBER 2023
I report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 7 to 13.
ESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of House of Revival for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act.
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
J Quartey
Independent Examiner (Quartey Accountancy, 20 Lewis Terrace Northampton NN5 7GE)
JQuartey
20/07/2024
HOUSE OF REVIVAL
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
| Notes INCOMING RESPURCES Incoming resources from generating funds: Voluntary income 2 Investment income 3 Incoming resources from charitable activities 4 TOTAL INCOMING RESOURCES RESOURCES EXPENDED 5/6 Charitable activities 7 Governance costs TOTAL RESOURCES EXPENDED NET INCOMING/ (OUTGOING) RESOURCES FOR THE YEAR 8 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Total Funds 2023 £ 131960 38 3707 135705 (121485) (10009) (130607) 5098 12852 17950 |
Total funds 2022 £ 129850 15 2995 132860 (101852) (9696) (121548) 11312 1540 12852 |
|---|---|---|
NB: All of the above relate to continuing activities
HOUSE OF REVIVAL (UK)
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31 DECEMBER 2023
| Notes INCOME TOTAL EXPENDITURE OPERATING SUPLUS /(DEFICIENCY) 8 OTHER INCOME Interest receivable and similar income 3 INTEREST PAYABLE Interest payable RETAINED SUPLUS/(DEFICIT) FOR THE FINANCIAL YEAR All of the above amounts relate to continuing activities |
2023 £ 135705 130607 5098 38 5136 (55) 5081 |
2022 £ 132860 121548 |
|---|---|---|
| 11312 15 |
||
| 11327 (36) |
||
| 11291 | ||
HOUSE OF REVIVAL (UK)
BALANCE SHEET
31 DECEMBER 2023
| Note FXED ASSETS 10 Tangible assets CURRENT ASSETS Cash at bank CREDITORS: Amounts falling due within one year 11 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted income funds 12 TOTAL FUNDS |
£ 11290 (1980) |
2023 £ 8640 9310 |
10250 (2410) |
2022 £ 9520 7840 |
|---|---|---|---|---|
| 17950 | 17360 | |||
| 17950 | 17360 | |||
| 17950 | 17360 |
HOUSE OF REVIVAL (UK)
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1.1 Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in March 2005 (SORP 2005)
1.2 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
1.3 Resources expended.
Expenditure is recognised on an accrual basis as a liability is incurred. Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance.
2 Voluntary Income
| Donations Tithe & offering Gift aid |
Unrestricted funds £ 135705 33926 169631 |
Total funds 2023 £ 135705 33926 169631 |
Total funds 2022 £ 132850 33212 166062 |
|---|---|---|---|
3 INVESTMENT INCOME
| Unrestricted funds £ Bank interest receivable 38 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES |
Total funds 2023 £ 38 Total funds 2023 £ 3707 |
Total funds 2022 £ 15 Total funds 2022 £ 2995 |
|---|---|---|
4 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
HOUSE OF REVIVAL
NOTES TO THE ACCOUNT
YEAR ENDED 31 DECEMBER 023
5 COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| Telephone Honorarium Donations & Charities Pastoral & Members Welfare Media, Mission& Outreach Rent ,Repairs & Premises Expenses Services& Church expenses Gross wages& NI Subscriptions & Insurance |
Unrestricted Total funds Total funds funds 2023 2022 £ £ £ 1,560 1,560 1,400 3,500 3,500 2,000 2,050 2,050 1,920 6,800 6,800 6,320 16,850 16,850 15,800 26,500 26,500 24,500 34,100 34,100 32,800 20,500 20,500 19,600 850 850 820 112,710 112,710 105,160 |
|---|---|
HOUSE OF REVIVAL
NOTES TO THE ACCOUNT
YEAR ENDED 31 DECEMBER 023
6 COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Telephone Honorarium Donations & Charities Pastoral & Members Welfare Media, Mission& Outreach Rent, Repairs & Premises Expenses Miscellaneous Motor Expenses Gross wages& NI Subscriptions & Insurance |
Unrestricted Total funds Total funds funds 2023 2022 £ £ £ 1,560 1,560 1,400 3,500 3,500 2,000 2,050 2,050 1,920 6,800 6,800 6,320 16,850 16,850 15,800 26,500 26,500 24,500 34,100 34,100 32,800 20,500 20,500 19,600 850 850 820 112,710 112,710 105,160 |
|---|---|
HOUSE OF REVIVAL
NOTES TO THE ACCOUNT
YEAR ENDED 31 DECEMBER 023
7 GOVERNANCE COSTS
Total
| Professional fees Interest payable Bank charges Depreciation Other costs |
Unrestricted Funds Total Funds funds 2023 2022 £ £ £ 3000 3000 2950 38 38 41 214 214 185 3580 3580 2510 105 105 115 6937 6937 5801 |
|---|---|
- 8 NET INCOMING/ (OUTGOING) RESOURCES FOR THE YEAR This is stated after charging:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Depreciation | 3580 | 2510 |
9 STAFF COSTS AND EMOLUMENTS Particular of employees:
The average number of employees during the year, was as follows:
2023 2022 Nil Nil
No employee received remuneration of more than £60,000 during the year (2022 - Nil).
HOUSE OF REVIVAL
NOTES TO THE ACCOUNT
YEAR ENDED 31 DECEMBER 023
| 10 | TANGIBLE FIXED ASSETS | Equipment | |||
|---|---|---|---|---|---|
| £ | |||||
| COST | |||||
| At 1 January 2023 | 7450 | ||||
| Additions | 2070 | ||||
| As at 31 December 2023 | 9520 | ||||
| DEPRECIATION | |||||
| As at 1 January 2023 | 1520 | ||||
| Charge for the year | 659 | ||||
| Asat 31 December 2023 | 2179 | ||||
| NETBOOK VALUE | |||||
| As at 31 December 2023 | 7341 | ||||
| As at 1 January 2022 | 5930 | ||||
| 11 | CREDITORS: Amounts falling due within one year | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Accruals and deferred income | 1980 | 2410 | |||
| 12 | UNRESTRICTED INCOME FUNDS | ||||
| Balance as at | Incoming | Balalnce as at | |||
| 31-Dec- | |||||
| 01-Jan-23 | resources | 23 | |||
| £ | £ | £ | |||
| General Funds | 12852 | 5098 | 17950 |
HOUSE OF REVIVAL
NOTES TO THE ACCOUNT
YEAR ENDED 31 DECEMBER 023
| 13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted income funds Total funds |
Tangible Net current Total fixed assets assets £ £ £ 8640 9310 17950 |
|---|---|
| 8640 9310 17950 |