2022-04-30-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, 2022 House of Prayers and Dominion Chapel UK Limited

The trustees are pleased to present their report for the year ended April 30, 2022 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 funds available to the charity for the financial year ending amounts £78,647; which comprises of Tithes, Offerings and Donations amounting to £57,918, HMRC Grant of £12,729, and a bank loan of £8,000. This is an increase in the income generation of the charity as compared to the previous year. The operational costs have been well managed over this period, and 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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M&D Accountancy Ltd

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

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, 2022.

Lk wiafe JObiri-Yeboah

…………………………………………………………………… ……………………………………………………… LAWRENCE K. WIAFE JOYCE OBIRI-YEBOAH {August 09, 2022} {August 09, 2022}

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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 01/05/2021	To	Period end date 30/04/2022
Section A Receipts and payments
Ref:061000047422 A1 Receipts	Unrestricted funds to the nearest £ 57,918 12,729 8,000 - - - - - 78,647 - - - 78,647 2,875 1,154 4,780 8,780 30,424 24,642 1,415 5,750 1,514 81,334 - - - 81,334 - 2,687 - 5,022 2,335	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £	Total funds to the nearest £ 57,918 12,729 8,000 - - - - - 78,647 - - - 78,647 2,875 1,154 4,780 8,780 30,424 24,642 1,415 5,750 1,514 81,334 - - - 81,334 - 2,687		Last year to the nearest £
Tithes and Offerings	57,918		- - - - - - - - -	57,918		69,493
HMRC Grant	12,729			12,729		-
Bank Loan[barclays Bank]	8,000			8,000		-
	-			-		-
	-			-		-
	-			-		-
	-			-		-
	-			-		-
Sub total(Gross income for AR)	78,647			78,647		69,493
A2 Asset and investment sales, (see table).
	-		- - -	-		-
	-			-		-
Sub total	-			-		-
Total receipts A3 Payments
			-	78,647		69,493
Vehicle & Public LiabilityInsurance	2,875		- - - - - - - - - -	2,875		2,576
Equipment HiringExpenses	1,154			1,154		969
Repairs and Maintenance	4,780			4,780		4,031
Travel and Subsistance	8,780			8,780		28,817
Rent and Rates	30,424			30,424		22,577
CommunityEvents	24,642			24,642		3,709
Stationeryand Printing	1,415			1,415		870
Charatable Donations	5,750			5,750		850
Financial Charges	1,514			1,514		210
**Sub total **	81,334			81,334		64,608
A4 Asset and investment purchases, (see table)
Microphone, Keyboards & Drums	-		- - -	-		2,100
	-			-		-
**Sub total **	-			-		2,100
Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end
			-	81,334		66,708
	- 2,687	-	-	- 2,687		2,785
	-	-	- -	-		-
	5,022	-		5,022		2,237
	2,335	-	-	2,335		5,022

CCXX R1 accounts (SS)

09/08/2022

1

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

Categories Signed by one or two trustees on behalf of all the trustees 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] Bank Loan [Barclays Bank ] JObiri-Yeboah Signature Lk wiafe	Unrestricted funds Restricted funds to nearest £ to nearest £ 1,913 - 422 - - - 2,335 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) Unrestricted Funds 6,570 Unrestricted Funds 5,120 Lease 24,000 - - - - - - Fund to which liability relates Amount due (optional) Unrestricted Funds 14,280 Unrestricted Funds 6,410 - - - Print Name Lawrence K. Wiafe Joyce Obiri-Yeboah	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			3,280
			2,050
			14,280
			-
			-
			-
			-
			-
			-
			When due (optional)
			30 April 2025
			30 April 2026
			Date of approval
	Lk wiafe	Lawrence K. Wiafe	09/08/2022
	JObiri-Yeboah	Joyce Obiri-Yeboah	09/08/2022

CCXX R2 accounts (SS)

09/08/2022

2

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

M&D Accountancy Ltd

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOUSE OF PRAYERS AND DOMINION CHAPEL UK LIMITED FOR THE YEAR ENDED APRIL 30, 2022

The Trustees are responsible for the preparation of the accounts and the Trustees Report for the year ending April 30, 2022. The Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993) and that an independent examination is appropriate.

It is my responsibility to examine the accounts (under section 43(2) of the Charities Act 1993), to follow the procedures laid down by the Charity Commissioners (under section 43(7)(b) of the Charities Act 1993) and to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. The examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. The accounts and associate reports also include consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required by an audit and consequently an audit opinion is not expressed on the accounts.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe that in any material respect, the requirements:

• (a) To keep accounting records in accordance with section 41 of the Charities Act 1993;

• (b) To prepare accounts which accord with the accounting records and comply with accounting requirements of the Charities Act 1993; have not been met.

No other matters have come to my attention, to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.

DATE : AUGUST 09, 2022

MICHAEL AFFUL [FCCA, MIAB, FFA, FIPA, PGD] SUITE 6B – CRYSTAL HOUSE NEW BEDFORD ROAD LUTON LU1 1HS