2021-04-30-accounts

Crystal House Suit 6B New Bedford Road Luton LU1 1HS Tel: [phone] Email: [e-mail]

M&D Accountancy Ltd

TRUSTEES’ REPORT FOR THE YEAR ENDED APRIL 30, 2021 House of Prayers and Dominion Chapel UK Limited

The trustees are pleased to present their report for the year ended April 30, 2021 for the charity, House Prayer and Dominion Chapel UK Limited with charity number 1152697 .

The Trustees of the charity are:

1 LAWRENCE K. WIAFE 2 JOYCE OBIRI-YEBOAH 3 EMMANUELA ASAMOAH

The principal address of the charity is:

49 GROVE ROAD HOUGHTON REGIS DUNSTABLE LU5 5PD

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a declaration of trust that was executed 30TH April 2012 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of members in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community.

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Crystal House Suit 6B New Bedford Road Luton LU1 1HS Tel: [phone] Email: [e-mail]

M&D Accountancy Ltd

FINANCIAL REVIEW

Bank accounts have remained in credit throughout the year in line with the Trustees strict policy of only committing to expenditure once funds are in place to complete such projects.

The trustees are pleased to report they are satisfied with the year’s financial results in the light of the UK's continued economic downturn, but feel something must be done to return the Church's regular giving to past levels.

The Trustees meet regularly to ensure that the Charity does not commit to expenditure beyond its' means. As such the Trustees do not believe that a specific reserves policy is required. However as a guard against contingencies the Trustees ensure that the Charity always has a minimum resource available. Generally liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to the expenditure. The income of the charity for the financial year ending amounts £33,410. This is an increase in the income generation of the charity as compared to the previous year. The costs have been well managed over this period. The organisation is still in a good position to manage its costs.

RESERVE AND INVESTMENT POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the main reserves of the charity capable of being able to cover at least 3 months’ expenditures necessary to carry out the main objectives of the association. The charity has the policy to invest excess funds as it becomes feasible in safe and ethical ventures and investible sources. The charity will seek to maintain this level throughout the year. At no time during the year in question did the Charity have sufficient liquid funds to warrant an investment policy.

RISK MANAGEMENT

The Trustees review the Charity's exposure to internal and external risks on an ongoing basis. This has resulted in the creation of a Child Protection Policy, an Equal Opportunities Policy and a Health and Safety Policy, all of which are reviewed regularly.

The Trustees are aware of the requirement to record such assessments and to ensure that systems are established to enable external risks to be assessed and mitigated. The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

GRANT MAKING POLICY

The Charity does not necessarily make grants; however, the Trustees may consider to make contribution to other community activities and events in furtherance of the Charity's aims and objectives.

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Crystal House Suit 6B New Bedford Road Luton LU1 1HS Tel: [phone] Email: [e-mail]

M&D Accountancy Ltd

TRUSTEE RESPONSIBILITIES

Under the Charities Act 1993, the Trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

In this regards, the Trustees are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 1993.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

TRUSTEES

The Trustees also constitutes the Board of Management for the Charity. Those persons who served on the Board of Management of the Charity during the year under review were as follows:

1. LAWRENCE K. WIAFE

2. JOYCE OBIRI-YEBOAH

3. EMMANUELA ASAMOAH

DECLARATION

This declaration is hereby made to confirm that, the Trustees have approved the Report above as representing the true and fair state of affairs of the charity for the period ending April 30, 2021.

Lk wiafe JObiri-Yeboah

…………………………………………………………………… LAWRENCE K. WIAFE

……………………………………………………… JOYCE OBIRI-YEBOAH

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	Charity Name HOUSE OF PRAYERS AND DOMINION UK LIMITED	Charity Name HOUSE OF PRAYERS AND DOMINION UK LIMITED	Charity Name HOUSE OF PRAYERS AND DOMINION UK LIMITED	No (if any) 1152697	No (if any) 1152697	CC16a
	For the period from	Period start date 01/05/2020	To	Period end date 30/04/2021
Section A Receipts and payments
Ref:061000047422 A1 Receipts	Unrestricted funds to the nearest £ 69,493 - - - - - - - 69,493 - - - 69,493 2,576 969 4,031 28,817 22,577 3,709 870 850 210 64,608 2,100 - 2,100 66,708 2,785 - 2,237 5,022	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ 69,493 - - - - - - - 69,493 - - - 69,493 2,576 969 4,031 28,817 22,577 3,709 870 850 210 64,608 2,100 - 2,100 66,708 2,785		Last year to the nearest £
Tithes and Offerings	69,493		- - - - - - - - -	69,493		33,410
	-			-		-
	-			-		-
	-			-		-
	-			-		-
	-			-		-
	-			-		-
	-			-		-
Sub total(Gross income for AR)	69,493			69,493		33,410
A2 Asset and investment sales, (see table).
	-		- - -	-		-
	-			-		-
Sub total	-			-		-
Total receipts A3 Payments
			-	69,493		33,410
Vehicle & Public LiabilityInsurance	2,576		- - - - - - - - - -	2,576		2,005
Equipment HiringExpenses	969			969		700
Repairs and Maintenance	4,031			4,031		1,180
Travel and Subsistance	28,817			28,817		800
Rent and Rates	22,577			22,577		20,812
CommunityEvents	3,709			3,709		1,600
Stationeryand Printing	870			870		420
Charatable Donations	850			850		1,210
Financial Charges	210			210		314
**Sub total **	64,608			64,608		29,041
A4 Asset and investment purchases, (see table)
Microphone, Keyboards & Drums	2,100		- - -	2,100		1,800
	-			-		-
**Sub total **	2,100			2,100		1,800
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
			-	66,708		30,841
	2,785	-	-	2,785		2,569
	-	-	- -	-		-
	2,237	-		2,237		2,237
	5,022	-	-	5,022		4,806

CCXX R1 accounts (SS)

29/07/2021

1

Section B Statement of assets and liabilities at the end of the period

Categories B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details Total cash funds (agree balances with receipts and payments account(s)) Cash at Bank Cash in Hand Details Details Muscial Equipments Fixtures and Fittings Vehicle - Mercedes Benz Details Lease - Outstanding [ Black Horse Ltd]	Unrestricted funds to nearest £ 2,031 2,991 - 5,022 OK Unrestricted funds to nearest £ - - - - - - Fund to which asset belongs Fund to which asset belongs Unrestricted Funds Unrestricted Funds Lease Fund to which liability relates Unrestricted Funds	Restricted funds to nearest £ - - - - OK Restricted funds to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) 6,570 5,120 24,000 - - - - - - Amount due (optional) 19,080 - - - -	Endowment funds to nearest £
				-
				-
				-
				-
				OK
				Endowment funds to nearest £
				-
				-
				-
				-
				-
				-
				Current value (optional)
				-
				-
				-
				-
				-
				Current value (optional)
				3,780
				2,550
				19,080
				-
				-
				-
				-
				-
				-
				When due (optional)
	Lease - Outstanding [ Black Horse Ltd]	Unrestricted Funds	19,080	30 April 2025
			-
			-
			-
			-

Signed by one or two trustees on behalf of all the trustees

JObiri-Yeboah Signature Lk wiafe	Print Name Lawrence K. Wiafe Joyce Obiri-Yeboah	Date of approval
Lk wiafe	Lawrence K. Wiafe	27/07/2021
JObiri-Yeboah	Joyce Obiri-Yeboah	27/07/2021

CCXX R2 accounts (SS)

29/07/2021

2