Docusign En¥ÈlopÈ ID." 5A89O54(k926945OE-A54￿CF352087EDBl
Registered Charity Number
1155199
PRAISE CHAPEL RAINHAM
Trustees Report and Financial Statements
For The Year Ended
31 July 2023

Docusign En¥ÈlopÈ ID." 5A89O54(k926945OE-A54￿CF352087EDBl
PRAISE CHAPEL RAINHAM
Report and accounts
Contents
P#90
Charity information
Trustees. Report
Statement of Trustees, responsibilities
Independent Examine¢s report
Slatement of Financial Actniities
Balance sheet
Noteslschedule to the financial ststements

Docusign En¥ÈlopÈ ID." 5A89O54(k926945OE-A54￿CF352087EDBl
PRAISE CHAPEL RAINHAM
Charity Information
Trustees
Pastor Chichi Ikeoluonye
Harold Chukwuma
Pastor Francis Ugbeiukwu
Indep•ndent Examiner
Daniel Dele-ojo FCCA
Timi and Co.
Unit One
Kings Estate
Broadway Parade
Hornchurch
RM124RS
Principal address
84 Frederick Road
Rainham
Essex
RM13 8NR
Registered number
1155199

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PRAISE CHAPEL RAINHAM
Report of the Trustees
The trustees present their annual reFX)rt together with the financial statements of Praise
Chapel Rainham {the charity) for the year ended 31 Jtjly 2023. The Trustees confirm that the
annual report and financial statements of the charity comply with the current slatulory
requirements, the requir8ments of the charity's goveming document and the provisions of the
Statement of Recommended Practice ISORPI 'Accounting and Repofting by Charities.
issued in Ma￿h 2005.
Praise Chapel Rainham is a charity and the Trustees of the charity exercise control.
Review of Financial Position
Please refer to the annexed accounts for the details of the financial stslements for the year
ended 31 July 2023
Reserves Policy
The trustees would like to work towards a situation whereby the charity could maintain
unrestncted funds al a level which ￿￿ateS to approximately three months of unreslricled
expenditure.
Rlsk management
The trustees have a duty to identify and review the risks to which the charity is exposed and
lo ensure appropriate controls a￿ in pla￿ to provide reasonable assurance against fraud and
error.
Future strategy and policy
The trustees are satisfied that the charty has sufficient resources to maintain ils current
activities and hope that the congregation will grow and increase naturally with time.
The organisation's principal objects continue to be:
To advance Christian religion by propagating the gospel of Jesus Christ and
proclaiming the Kingdom of God through preaching the word of God
2. To advance such other charitable purposes as the Trustees shall determine
particularly, but wilhoul prejudice lo the generality of the ft)regoing, by relieving
distress caused by disaster, povety. and sickness.
3. The advancement of Christian religion by the worship of God, the proclamation of the
Holy Spint and the Fellowship of Mankind

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PRAISE CHAPEL RAINHAM
Statement of Trustees, Responsibilities
The Charities Act requires the Board of Trustees to prepare financial ststements for each
financial year which give a true and fair view of the slate of affairs of the charity as at the end
of the financial year and of the surplu5 or deficit of the charity. In preparing those financial
statements the Board is required to.. _
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent,. and
prepare the financial statements on the going concern basis unless It is
inappropriate lo presume that the charity will continue in business.
stale whether applicable accounting standards and statements of
recommended practice has been followed, subject to any material
departures disckxed and explained in the financial statements.,
The Trustees are also responsible for maintaining adequate accounting records which
disclose with reasonable accuracy al any b'me the financial position of the charity and which
are sufficient lo show arid explain the charity's transactions and enable them lo ensure that
the financial statements comply with regulations made under the Charities Act. 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.
The Iruslees are also responsible for the contents of the tfUStees' report, and the
responsibility of the independent examiner in relation to the trustees, report is limited to
examining the report and ensuring that, on the face of the report, there are no inconsistencies
with the figures disc5osed in the financial statements.
This report was approved by the board of trustees on 04 April 2024 and signed on its behalf
by..
Do¢US￿￿dby'.
4CDA5F0202924F3
Pastor Chichi Ikeotuonye
Trustee

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PRAISE CHAPEL RAINHAM
Independent Examiner's R•port to the trusteos of the charity
Report of the Independent Examiner to the trustees
on the financial Statements of the charity for the year endod 31 July 2023
I report on the financial statements of the Charity on for the year ended 31 July 2023 which
have been prepared in accordance with the Charities Act 2011 and with the Financial
Reporting Standard for Smaller Enlilies {FRSSEI, effective April 2008, adapleol lo meet the
needs of unincorporated organisalions, as modified by the Statement of Recommended
Practi￿ for Accounting and Reporting issued by the Charity Commissioners for England &
Wales, effective April 2005 as revised in June 2008. (The SORP), under the historical cost
convention and the accounting policies set out.
Respectlve re8pon8Sbllltles of trusteeB and examiner
The Charity's trustees are responsible for the preparation of the financial statements. The
trustees are satisfied that the audit reqU1￿ment of Se¢b'on 144111 of the Charities Act 2011
(the Act} does not apply, and that there is no requirement in the governing document or
onslilulion of the Charity for the conducting of an audit. Therefore, the trustees have elected
that the financial statements be subject to independent examin8tion.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent
examination, rt is my responsibility to= _
al examine the accounts under section 145 of the Act.,
bl to follow the procedures laid down in the General Direth"ons given by the Charity
Commission under section 1451Sllbl of the Act.. and.,
c} lo stale whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordan￿ with the General Directions given by the Charity
Commissioners for England & Wales in relation to the conducting of an independent
examination, referred lo above. An independent examination includes a review of the
accounting records kept by the Charity and of the accounting systems employed by the
Charity and a comparison of the financial statements presented with those records. 11 also
includes consider8tion of any unusu81 items or disclosures in the financial statements and
seeking explanations from you as trustees concerning such matters. The purpose of the
examination is lo establish as far as possible that there have been no breaches of the
Charities legislation and that the financial statements comply with the SORP, on a lesl basis,
of evidence relevant to the amounts and disclosures in the financial statements.
The prccedures undertaken do not provide all the evidence that would be required in an audit,
and information supplied by the trustees in the course of the examination is not subjected to
audit tests or enquiries, and consequently I do riot express an audit opinion on the view given
by the financial statements, and in parb"cular, l express no opinion as to whether the financial
statements give a true anrj fair view of the affairs of the chanty, and my report is limited to the
matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the
independent examination are achieved and before finalising the report. l obtain written
assurances from the trustees of all material matters.
Independent Examlnerfs Ststement, report, and oplnlon
Subject to the limitations upon the scope of my work as detailed above, in connection wl(h my
examination, I can confirm that this is a report in respect of an examination carried out under
section 145 of the Act and in aeeordanee with any directions given by the Commission under
subsection15llbl of that section which are applicable

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PRAISE CHAPEL RAINHAM
and that, no matter has come to my attention in connecbon with my examination which gives
me reasonable cause to belteve that in any material respect the requirements..
(il to keep accounting records in accordance with section 130 of the Act.
(li} to prepare financial statements which accord with the accounting records and comply with
the a¢counting reqUI￿rrEnts of the Act and.,
fiiil that the finÈncial statements be prepared in accordance with the methods alld princip￿8
sel out in the Statement of Recommended Practtce - Aco)unting and Reporting by Charities
have not been met,. or
to Wh￿h, in my opinion, attention should be drawn in my report in order to enable a proper
understanding of the accounts to be reached.
Daniel Dele-ojo FCCA
For and on behalf of Timi and Co.
Chartered Certified Accountants
Unf( One
Kings Estate
Broadway Parade
Hornchur¢h
RM124RS
The date upon which my opinion is expressed is on 04 April 2024.

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PRAISE CHAPEL RAINHAM
Statement of Financlal Actlvities
for the year ended 31 July 2023
Unrestricted Restricted
Funds
Funds
Total
Funds
Last Year
Totsl Fund$
2023
2023
2023
2022
InGomlng resources
Incoming resources from generatsd funds
Voluntary Income
Other income
30.998
10.860
30,998
10.880
25,406
9.483
Totsl incoming resources
41.868
41,858
34.889
Costs of charitablg activities
Govemoncé ¢osts
31,015
400
31,015
400
28.700
400
Total resources expended
31,415
31,415
29.100
Net incoming resources
before transfers between funds
10.443
10.443
5.789
Net Incoming resources before
other recognlsed gains and losses
10,443
10,443
5,789
Net movement in funds
10.443
10,443
5.7e9
Total funds brought ftlnvard
5,789
339.000
344.789
339.(KK)
Total Funds carried forward
16.232
339,000
366,232
344,789

Docusign En¥ÈlopÈ ID." 5A89O54(k926945OE-A54￿CF352087EDBl
PRAISE CHAPEL RAINHAM
Balance Sheet
as at 31 July 2023
2023
2022
The assets andliathlities of the charity..
Tangible assets
Total fix8d assets
339,000
339,000
339,000
339,000
Current assets
Debtors
Cash at bank and in hand
Total currentassets
13,738
3.294
17,032
3,923
2,666
6,589
amounts due within one year
18001
1800)
Net cuffentassets
16,232
5.789
Total assets less current liabilities
355,232
344,789
Net assets
rho funds of th• eharity."
Unrestricted income funds
Unrestricted revenue acctJmulal•d funds
16,232
5,789
Total unrnstri¢tod funds
16,232
5,789
339,000
339,0
Restrictod fixed assot Funds
339.000
339,000
Total ¢harity fvnds
355,232
344,789
Do¢US￿d￿dtsy..
4CD45F0202924F3
Pastor Chi¢hi Ikeotuonye
Trwjtee
Approved by the board of trustees on 4 April 2024

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PRAISE CHAPEL RAINHAM
Notes lo the Financial Statements for the
ear ended 31 Jul 2023
1. ACCOUNTING POLICIES
Accounting Con￿ntiOn
The financial stat￿nentS have been prepared in aGix)rdance wsth the Finanaal Reporting Standard for Smaller
Entit18s IFRSSE}, effectwe April 20Q18, and all other applicable accounting standards, as mcKlified by the
Statement of Recommended Practice forAccounting and Reporting issued by the Charty Commissioners for
England & Wales, {revised June 2￿81.
Incoming resoU￿e$
All incoming reSoUr￿S are indud&J ofi the Slalement of Finanoal Activities when the charity is1ggally entitled lo
the income and the amount can be quantified with reasoTrabl8 accuracy.
R&sourcas 9x￿nd9d
Expenditure is acctyjnted for on an accruals basis and has been ¢18ssffied under headings that aggregate 811 eost
r818ted to the category. Where costs cannot be directly attributed to particular headings, they have been
allo￿ted to acfy'vit￿ ¢)n 8 basis con&5tent with the use of resources.
Taxation
The charity is exempt from lax on rts ¢h8ritsble 8¢tniilie$.
Fund accounting
Unrestricted funds can be used in accA)Tdance wf(h the charitsble oblectives at the discretion of Ihg trustees.
Restricted funds can only be used for particular resth.cted purposes within the objects of the ch8rity.
Reslriclions 8ri88 when speethed by the donor or when fvnds are raised for particular restricted purposès.
Further explanation of the nature and purpose gf each fund is induded in the notes to the )Snancial slalements.
Hirè purehasè and laasing commitments
Rentals paid under operating leases are charged to the 9181ements of financyal activities on a $traight-line basis
ovar the peri¢yJ of th818as8.
2. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 July 2023 nor for the year gnd9d 31
July 2022.
Trustees. Expenses
There were no Iruslees. gxpenses paKI neither for the year ended 31 July 2023 noT for the year ended 31 Juty
2022.

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PRAISE GHAPEL RAINHAM
Schedule to the Ststement of Flnanclal Actlvltles
for the year ended 31 July 2023
Status of thls schedule to the Statement of Finantial Aetivitles
The schedules on the following pages are required by the disclosure requirements of the Statement of
Recommended Practice for A¢¢oLJnling and Reporting issued by the Charity Commissioners for England &
Wales, effe￿1ve Aprfl 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
Unrestrictfjd Rostrieted Totsl
Funds
Funds
Funds
2023
2023
Prior Perlod
Total Funds
2022
2023
Incomlng Resources
Voluntsry Income
Donations
Gift Aid Receivable
Total
Totsl Ihnations Received
25.208
5,790
30,998
30.998
25,208
5,790
30,998
30.998
20,086
5,320
2S.406
25.406
Total Voluntary Incorne
Actlvltles ft>r generating funds
30.998
30.998
25.406
Rental Income
Total of activities for generating funds
10.860
10,860
10,860
10,860
9,483
9,483
Totsl Incomlng Resources
41.858
41,858
34.889
Charltable expenditure
Support ¢ost$ of charltable activifjas
DiwtSUPPOrt costs
Travel and Subsistence - Charitable Aclivities
3,500
3.500
3,500
3.500
1,223
1,223
Al•nagementand&dminlstratlon costs
in support of eharltable activities
staff Costs In $upport of charltable activitiès
Premises Costs
Rates, woler and service charges
Insurance
908
2,412
700
2,412
700
1.623
Council Tax
Light and heat
Premises repairs and renewals
2,306
4.213
9.631
2,306
4,213
9.631
1,815
2.238
6,584
Ognernl odministratiye expense8.'
Subscriptions
533
533
833

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PRAISE CHAPEL RAINHAM
Schedule to the Ststement of Financial Activities
for the year ended 31 July 2023
Status of th1$ schedule to the Statement of Financial Activities
The sehedules on the followng pages are required by the disclosure requirements of the Statement of
Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England &
Wales, effective April 2005 and revised in June 2008.
As such, they form a part of the accounts required by the Charibes IAGGounts and Reports) Regulations 2008.
Unrestrl¢ted Restrlcted Total
Funds
Funds
Funds
2023
2023
2023
Prlor Perlod
Total Funds
2022
Equipment expenses
Admin costs
900
900
2,400
3,400
6,051
2,500
9.984
6,051
2,500
9.984
Events
6,633
Pmfesslonal fees In svpportof charitable activities
Accountancy fees other than examinerslaudrftors
Legal fees
400
400
400
1,700
2.100
1,700
2,100
1,460
1.860
Othersupport costs
Charity
Honorarium
3,000
1,800
1,000
5,800
3,000
1,800
1,000
5.800
9,000
Missions
3,400
12,400
Totsl Support¢osts
31,015
28,700
Support costs forgrants paid
Total Expended on Charitable Activities
31,015
31,Q15
28.700
Governanco costs that are not dirnct management fiinctions inherent in generating
fiinds, serylce dellvery and pmgramme orpmject work
Specific govemance costs
Independent Examinerfs Fees
400
400
400
Total governance costs
400
400
10