Registered Charity Number
1155199
PRAISE CHAPEL RAINHAM
Trustees Report and Financial Statements
For The Year Ended
31 July 2024

PRAISE CHAPEL RAINHAM
Report and accounts
Contents
Page
Charity information
Trustees, Report
Statement of Trustees, responsibilities
Independent Examinerfs report
Statement of Financial Activities
Balan￿ sheet
Noteslschedule to the financial statements

PRAISE CHAPEL RAINHAM
Charity Information
Trustees
Pastor Chichi Ikeotuonye
Harold Chukwuma
Pastor Francis Ugbeiukwu
Independent Examiner
Daniel Dele-ojo FCCA
Timi and Co.
Unit One
Kings Estste
Broadway Parade
Hornchurch
RM12 4RS
Principal address
84 Frederick Road
Rainham
Essex
RM13 8NR
Registered number
1155199

PRAISE CHAPEL RAINHAM
Report of the Trustees
The trustees present their annual report together wtth the financial statements of Praise
Chapel Rainham {the charity) for the year ended 31 July 2024. The Trustees confirm that the
annual report and financial statements of the charty comply with the current statutory
requirements, the requirements of the charity's governing document and the provisions of the
Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities,
issued in March 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 statements for the year
ended 31 July 2024.
Reserves Policy
The trustees would like to work towards a situats'on Whe￿bY the charity could maintain
unrestricted funds at a level which equates to approximately three months of unrestricted
expenditure.
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 assuran￿ against fraud and
error.
Future strategy and pollcy
The trustees are satisfied that the charity has sufficient resources to maintain its current
acts'vities and hope that the congregation will grow and increase naturally with time.
The organisation's principal objects continue to be:
1. 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 advan￿ such other charitable purposes as the Trustees shall determine
particularly, but without prejudice to the generality of the foregoing, by relieving
distress caused by disaster, poverty, and sickness.
3. The advancement of Christian religion by the worship of God, the proclamation of the
Holy Spirit and the Fellowship of Mankind

PRAISE CHAPEL RAINHAM
Statement of Trustees. Responslbllhies
The ChantEs Act requires the Board of Trustees to prepare finanual stateffents for each
financtal year Wh￿ gNe a true and frdir view of the stsle of affairs of the chanty as at the eThl
of the financRI year and of the surplus or deficil of the charity. In preparing those financ￿1
statefftnts the Board is required to -
- select suitable ￿r￿Unting policies and then apply them consistentty,
- make Judgements and estitnates that are reasonable and prudenl. and
- prepare the fin3nctal statements on the going con￿￿ basts unless It Ls
inappropnate to presuwft that the chaTTty will contnue in business.
5ts1e whether applicable accounbng standards and statements of
recommended prathce has tEen f01h￿Ved, subject tr) any matertal
departures dwbsed and explained in the financial statements,
The Trustees are also responsible for maintaintng adequate accounts'ng records which
disdose with reasonable accuracy at any time the financial F4)Sition of the charity and wh
are SUffi￿ent to show and exptain the charty's transactons and enab￿ them to ensL&re that
the financial st3teffEnts compty with regu¢atictns mafje under the Charrt￿S Act. Triev are also
restuisibie for s3feguarding Ihe assets of the chanty and hen￿ for taknng reasonable steps
for the preventK)n and detectson of fraud and other irregulatrtEs.
The trustees are also responsible for the contents of the trustees, report and the
resFonsitxlty of the independent examiner in relabon to the truslees. report is limited to
examinirig the report arKI ensuring tha( on Ihe fa￿ of the ￿POrt the￿ are no Inconsistencies
th the frjures dBclosed in the financial statemenls.
This repjl was approved by ts board of trustees on 10 May 2025 and soned on ts behalf
PaslL¥
Ikeobjyrye
Trurt8•

PRAISE CHAPEL RAINHAM
Independent Examinerfs Report to the trustees of the charity
Report of the Independent Examlner to the trustees
on the financial statements of the charity for the year ended 31 Juty 2024
I report on the financial statements of the Charity on for the year ended 31 July 2024 which
have been prepared in accordan￿ with the Charities Act 2011 and with the Financial
Reporting Standard for Smaller Entities (FRSSE), effective April 2008, adapted to meet the
needs of unincorporated organisations. as modified by the Ststement of Recommended
Practice forAccounting 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.
Respective responslbllities of trustees and examlner
The Charity's trustees are responsible for the preparation of the financial statements. The
trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011
(the Act} does not apply, and that there is no requirement in the governing document or
constitution of the Charity for the conducting of an audit. Therefore, the trustees have elected
that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent
examination, it is my responsibility to=
a) examine the accounts under section 145 of the Act;
b) to follow the prO￿dureS laid down in the General Directions given by the Charity
Commission under section 145(5){b) of the Act,. and.,
c) to state whether particular matters have come to my attention.
Basis of opinion and scope of work undertaken
I conducted my examination in accordance with the General Directions given by the Charity
Commissioners ft)r England & Wales in relation to the conducting of an independent
examination, referred to 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. It also
includes consideration of any unusual items or disclosures in the financial statements and
seeking explanations from you as trustees concerning such matters. The purpose of the
examination is to establish as far as possible that there have been no breaches of the
Charities legislation and that the financial ststements comply with the SORP, on a test basis,
of evidence relevant to the amounts and disclosures in the financial ststements.
The procedures undertaken do not provide all the evidence that would be required in an audit,
and infomation supplied by the trustees in the course of the examination is not subjected to
audit tests or enquiries, and consequently I do not express an audit opinion on the view given
by the financial statements, and in particular, l express no opinion as to whether the financial
statements give a true and fair view of the affairs of the charity, 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
asSuran￿S from the trustees of all material matters.
Independent Examlnerfs Statement, report, and opinion
Subject to the limitations upon the scope of my work as detailed above, in Connection with 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 accordance with any directions given by the Commission under
subsection (5)(b) of that section which are applicable

PRAISE CHAPEL RAINHAM
and that, no rnatter has come to my attention in connection with my examination which gives
me reasonable cause to believe that in any matertal respect the requirements"
(i) 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 accounting requirements of the AGt and.,
(iii) that the financial statements be prepared in accordance with the methods and principles
set out in the Statement of Recommended Practice - Accounting and Reporting by Charities
have not been met., or
to which, 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
Unit One
Kings Estate
Broadway Parade
Hornchurch
RM12 4RS
The date upon which my opinion is expressed is on 10 May 2025.

PRAISE CHAPEL RAINHAM
Statement of Financial Activi￿e5
for the year ended 31 July 2024
Unrestricted Restrictsd Total
Last Year
Funds
Fund6
Fund8 Total Funds
2024
2024
2024
2023
Incoming resources
Incoming resources fmm generated funds
Voluntary Income
other income
34.728
10,998
34,728
10,998
30,gg8
10,860
Total incoming resources
45,726
46,726
41.858
Costs of charltable activities
Governance costs
34,520
400
34,520
400
31,015
400
Total resources expended
34,920
34,920
31,415
Net incoming resources
before transfers between funds
10,806
10.806
10,443
Net Incomlng resources before
Other recognised gains and losses
10,806
10.806
10,443
Net movement in funds
10,806
10,806
10,443
Total funds bmught forward
16,232
339.000
355.232
344,789
Total Funds carried fonmard
27,038
339,000
366.038
355.232

PRAISE CHAPEL RAINHAM
Balanc• 8h•et
at 31 Juty 2024
2024
2023
Th• asvts andlablllb* of th• ch•rfty.'
Tangible assets
Totsl fixed assets
339.000
339,CM)O
339,1)Xl
Curr•nt aM•ts
Deblo
Cash at bank and in hand
Total Cuffent assets
21,053
6.785
27,838
13,738
3,294
17,032
amounts due wtlhtn c￿e year
(8001
N•1 euirwttassets
27,038
16,232
rolal as3•ts Iw ¢urn•nt U•Mft
366,038
355.232
Net assets
The funds of tho charity."
UnmlrfGtEd in¢onw fvnds
Unfestrrted FEvenue a(umulabJ funds
27,038
16.232
Total UDratrld•d funds
27,038
16,232
339,fKK)
339,(Kh)
Restrtctod fixed a8S&t Funds
339,000
339.000
Total charlty fvnd•
355,232
Pagtor Chffichl Ik•okn?ny•
Tru4tsè
Apwrnd by the boa￿ oflnAts# on 10 Aliy 2025

PRAISE CHAPEL RAINHAM
Notes to the Financial Statements ft)r the
ear ended 31 Ju
2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordan￿ with the Financial Reporting Standard for Smaller
Entities (FRSSE), effective April 2008, and all other applicable accounting standards, as modified by the
Statement of Recommended Practice for A¢¢ounting and Reporting issued by the Charity Commissioners for
England & Wales, (revised June 2008).
Incoming resources
All incoming resources are induded on the Statement of Financial Activities when the charity is legally entitled to
the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost
related to the category. MIhe￿ costs cannot be directly attributed to particular headings, they have been
allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tsx on its ¢harit8ble activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitsble obiectives at the discretion of the trustees.
Restricted funds ¢an only be used for particular restricted pU￿oseS within the objects of the charity.
Restrictions arise when spectfied by the donor or when funds are raised for particular restricted pU￿oses.
Further explanation of the nature and purpose of each fijnd is induded in the notes to the financial statements.
Hire purchase and leasing Commitinents
Rentals paid under operating leases are charged to the statements of financial activities on a straight-line basis
over the period of the lease.
2. TRUSTEES. REMUNERATION AND BENEFITS
There were no tnJste8s' remuneration or other beneffts for the year ended 31 July 2024 nor for the year ended 31
July 2023.
Trustees. Expenses
There were no trustees. expenses paid neither for the year ended 31 July 2024 nor for the year ended 31 July
2023.

PRAISE CHAPEL RAINHAM
Schedule to the Ststement of Financial Activities
for the year ended 31 July 2024
Status of this schedule to the Statenient of Financial Actlvltles
The schedules on the following 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 Charities (Accounts and Reports) Regulations 2008.
Unrestrlctsd Restrlcted
Funds
Funds
2024
2024
Total
Funds
2024
Prlor Perlod
Total Funds
2023
Incoming Resources
Voluntary Income
Donations
Gift Aid Receivable
Total
Totsl Donations Received
28,508
6,220
34,728
34.728
28.508
6.220
34,728
34,728
25,208
5,790
30,998
30,998
Totsl Voluntary Income
Activities for generating funds
34.728
34.728
30,998
Rental Incom8
Totsl of activltles for generating funds
10,998
10,998
10.998
10,998
10,860
10,860
Total Incoming Resources
46,726
45.726
41,858
Charitable expenditure
Support costs of charitsble activities
Direct support costs
Travel and subsisten￿ - Charitable Activities
3,500
3,500
3,500
3,500
3,500
3,500
Management and administration costs
In support of charitable activities
Staff costs In support of ¢haiit•ble activitws
Prnmlses Costs
Insurance
Council Tax
3,412
700
3.106
3,953
11,171
3,412
700
3.106
3,953
11.171
2,412
700
2,306
4,213
9,631
Light and heat
Premises repairs and renevrdls
G8ngral adminlstr8tlve expenses..
Subscription$
Equipment expenses
533
533
533
3,475
3,475
900

PRAISE CHAPEL RAINHAM
Schedule to the Statement of Financial Activities
for the year ended 31 July 2024
Status of thls schedule to the Statement of Flnanclal Actlvltles
The schedules on the fdlowing 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 fomi a part of the accounts required by the Charities (Accounts and Reports) Regulations 2008.
Unrestricted Restricted Total
Funds
Funds
Funds
2024
2024
2024
Prfor Perlod
Total Funds
2023
Admin costs
Events
4,041
2,700
10,749
4,041
2,700
10.749
6,051
2,500
9,984
Pmfesslonal fees In support of charltable actlvltles
Accountancy fees other than examinerslauditors
Legal fees
400
400
400
900
900
1,700
2,100
1,300
1.300
Othersupport costs
Charity
Honorarium
3,500
2,800
1,500
7,800
3,500
2,800
1,500
7.800
3,000
1,800
1,000
5,800
Missions
Total Support costs
34,520
34,520
31,015
Support costs for grants paid
Total Expended on Charitable Activities
34,520
34,520
31,015
Govemance costs that are not direct management functions inherent in generating
funds, service delivery and programme or project work
Specrfic governance costs
Independent Examinels Fees
400
400
400
Total governance costs
400
400
400
10