House of Pra
er Trust
Financial Statements for the
Year end 31 March 2024
CIO 1162259

House of Pr
er Trust
INDEX
Page 3
ChArity information
Page 4 -6
Trustees Report
Page 7
Statement of Financial A¢tivitie5
Pag¢ 8
Balance Sheet
Pages 9-12
Notes to accounts
PAg¢ 13
Independent Examiner's Report

House of Pra
er Trust
CHARITY INFORMATION
Trustees
Mrs Josephine Aubrey
Mr Adrian Hide - Resigned November 2023
MTS Helen Campbell
Mr Fred Manu
Mrs Catherine Delbridge
Mr Richard Molli
Charity Number
1162259
Charity Correspondence Address
8-1 O Duke Street
Wellington
Telford
Shropshire
TFI IBJ
Independent Examiner
Gary Peter Brookes FCA Bse
130 Wombourne Park
Wombourne
South Staffs WV5 OLY
Bankers
Barclays Bank
The Telford centre
Overdale
Telford
Shropshire
TF3 4AD

Governing Document
The organi5ation is a charitable incorporated trust registered in 2016, hereafter referred to as the Trust.
Trustees
The trustees as named on page I have served throughout the period, except those who have been appointed
or ceased to act as trustees during the current year, as indicated. New Trustees are chosen by invitation in
order that the Trust may have representation from a wide range of experience from within the body of the
fellowship. We match our skill requirements with knowledge and experience and where there are gap5 we
offer appropriate training.
Trustee Induction and Tralning
There are no specific policies and procedures for induction/tr3ining of trustees. However. they are inducted
according to individLJal requirements. A copy of the Trust Deed is supplied, along with the Trust policies and
procedures and copies of recent board meeting minute5 and accounts. Individual Trustees
roleslresponsibilities are negotiated with all the trustees so that their roles complement each other.
ObSectives and Activities
The advancement of the Christian faith and the worship of God in ShTopshire and elsewhere by any mean5
whatsoever including (but not by way of limitation)
The preaching and proclamation of the Christian gospel and the teaching of Christian dottrine and principles
The pastoral care of Christian people
The printing and distribution of the bible and Christian literature including video and audio recordings or
electronically and by ariy other media which is or may become available
To establish a Christian centre in Telford as a centre for Christian use and for other charitable projects as the
trustees may from time to time deterrnine.
The relief of persons who are In conditions of need, hardship or distress or who are aged or sick.
The advancement of education on the basis of Christian principles and without prejudice to the generality of
the foregoing ihe provision5 of such education in any educational establishment and if the trustees so decide
the provision of one or more charitable educational establishments for the general education of children or
adults on the basls of such Christian principle.
Throughout the year the trustees have paid due regard to the Charities Commission's guidance on Public
8eneflt and, in particular. the Specific guidance provided to charities for the advancement of religion.
Achievements and Performance
Although numbers have decreased slightly in the present circumstances, HOP has still maintalned reasonable
numbers in weekly service5 and limited events. It ha5 been successful in achieving its aims to reach out into
the community through events and other activitles either in partnership with, or in support of other Christian
projects.
HOP Trust achieved its objective on pollcies and procedures and underthe period of consideration, have
reviewed an(J updated all relevant policies and procedures. All Trustees and workers have undergone training in
Safeguarding. HOP continues to partner wilh Oiher local churches in Tellord lor the furtherance of Christian
education, outreach and support, however this has been adapted to account lor the social restrictions.
The Church objective of reaching out into the community through the Gratitude Events Café projecl has been and
continues to be a success. The recent addition of Bookends further enables HOP to reach the communilN.

Following Hop leavingthe Life Centre. efforts are now undemay to find a new location for the fellowship. The
proposed evaluation ot 8-10 Duke Street has been suspended for now as it's a very long-term outlook of our
future plans.
Community activities including music tuilion, local art exhibitions and gallery, education and care support groups
continue lo use the premises on a weekly basis. Pastoral care and church meetlngs also continues there.
Future Plan5
The year ahead will be challenging. regarding the relocating of the main Sunday meetings, as the church currently
meets at the Old Hall School. This arrangement is temporal and does present challenges whereverthe facility is
required for use bythe school. The Trusl is in the process ot looking for a new location that has sufficient spaces
to accommodate our services. We continue to make ellecilve use ol our current facility located at 8-10 Duke
51reet to support our spiritual and social objectives
Financial Review
The full results of the Trust for the year are set out in the attached financial statements.
Income increased from £114K to £117K mainlyfrom increased income from Tithe and Offerings, and rental
income on Duke Sireet premises. The total expenses decreased from £107Kto £106K. A residual surplus of £llk
was achieved compared to the previous year of £7k. The Trust 15 s":ill a going concern despite the challenge of
movingfrom the life centre ané the changes in the leadership.
Reserves Pollcy
At this stage of the Trust's life there Is little room to address a reserves policy in practice although an
awareness of the need for one 15 monitored on an onBoing basis.
Risk Policy
The management team condurts an ongoing review of rnajor risks as part of its regular monitoring and
reporting.
Internal risks are minimised by the implementation of procedures in regard to Good Prartice Child Protection
Policies, Fire Safely and Health and safety inspections where the Trust's activltles operate. Financial risk5 are
minimised by the implementation of procedures for the authorisation of a15 trarsactions by the team and
reviews on a regular basis.
Tru5tee5' Responslbllities
Charity Law requires the trustees to prepare financlal statemep.ts for each financlal year which give a true
and fair view of the state of affalrs of the Trust and of its flnancial artivitie5 for that year together with its
assets and liabilities at the end of the year, adequately distingulshlng any materlal, special trust or other
restricted fund of the Tnjst. In preparing those financial statements, the dlrectors are required to:
al Select suitable accounting policies and then apply them consistentlyi
bl Make Judgements and estlmates that are reasonable and prudent;
cl State whether the policies adopted are accordance with the approprSate SORP on accounting by
Charities and the Accountlng Regulations and with applicable accounting standards subject to any material
departures distlosed and explained in the finantSal staternents,. and

dl Prepare the financial statements on the going concern basls unless it Is inappropriate to assume that the
Trust will continue in its actlvities.
The trustees are responsible for keeping proper accounting recorLls which d55close wlth reasonable accuracy
at any tirne the flnanclal position of the Trust and to enable them to ensure that the financial statements
comply with the second editlon of Statements of Recommended Practlce 2019 and the regulations made
under sectlon of the Charities Act 2011. They are also responsibjle for safe8uardlng the asset5 of the Trust and
hence for taking reasonable steps for the prevention and detection of fraud and Irregularitles. The trustees
have the power to Invest In such a5setS as they see flt.
This report was approved by the trustees on
0(-Tr3S
Trustee
NAMEofTRUSTEE.......

House of Pra
er Trust
Statement Of Financial Activities
for the year to 31 March 2024
Total
Funds
2024
Total
Funds
2023
Notes
Restated
Income
Incoming Resources from eharitable Activit1¢$
Tithes and offerings
Gift Aid received
Renl / Gran15 received
74,635
16.145
26,075
116,855
80,629
15.756
17,627
114,012
Total
Expenditure
Charitable Activities
Direct Church Running Activities
Other Expenses
105,568
98,271
9.009
Tot41
105,568
107,280
Net surplus
11,287
6,732
Reconciliation of Funds
Unrestricted and Designated Fund Balance BIF
160,282
153,550
Total funds carrl¢d fonv4rd
171,568
160,282
There were no recognised gains or losses for 2023 or 2024 other than those included in the
Statement of Financial Activities

House of Pra
er Trust
Balance Sheet as at 31 March 2024
2024
2023
Restated
Notes
Fixed Assets
Tangible Fixed Assets
Deposit Accounls
227,849
240,040
227,849
240,040
Current Assets
Stock
Debtors & Prepayments
Cash at bank and in hand
36,209
57.140
33.375
43.877
93,349
77,252
Creditor: Amounts falling due within
one year
(1,995)
(4,000)
73,252
91,353
Creditor.. Amounts falling due after one
year
(147,634)
(153,010)
Net Ass¢t5
171,568
160,282
Represented by
Unrestricted And Designated funds
io
171,568
160,282
171,568
160,282
The accompanying notes forni an integral part of these Financial Statements.
The Balance Sheet set out for the year ended 31 March 2024 was approved by
the church trustees on the 21 st January 2025
Signed...
Trustee Name .

House of Pra
er Trust
Iyotes to the accounts
for the year to 31 March 2024
ACCOUNTING POLICIES
The charity constilutes a public benefit entity as defined by FRS102. The financial statements have been
prepared in accordance with A¢counting and Reportiiig by Cliarities.. Stalement of Recommended Practice
(SORP) applicable to cliarilies prepariiig il)eii' a¢¢ouiils in oc¢ordance with tl)e Financiol Reporting Standard
applicable in tl)e UK and Republic of Ireland (FRS102) second edition published October 2019. the
Cliarilies Act 2011 the and UK Generally Accepted Practice as il applies from l January 2015.
A suminary of the principal accounting policies adopted is as follows..
Basis of prepAr&tion
Tlie financial statements have been prepared in accordanee with Il)e appropriate SORP on accounting by
Charities and the Accounting Regulations and with applicable accounting standards subject to any material
departures disclosed and explained in Ilie finan¢ial stalem¢nls.
The accounts are drawn up on the liisiorical Cost basis of a¢tounting, as modified by the revaluation of
irtvesthnents.
Going concern
Having reviewed the funding available to the ¢harity together with th¢ expected future donalions by members
and the ¢l)arity's future projecled cash flows, the IrLisle¢s have a reasonable ¢xpeclaiion Iliai the charity l)as
adequate resources lo eoniinLie ils activities for the for¢5eeable futiire and l)ave faiih Iliere are no material
uncertainties over 115 financial viability. Accordingly, the tru51¢es continue lo adopt tl)e 80ing conc¢m basis in
preparing the financial slatemenls.
Expenditure
Expenditure is accounted for on an ac¢ru8ls basis wliere there is a legal and constructive obligation lo make a
payment to a third party and the amount of the obligation Cun be measured reli8bly* expenditure is allocated to
tlie appropriate headings rclevllnt lo the charitable aclivilies. Expenditure is r¢cognised a5 soon as the related
liability is incurred artd has been classified under headings that aggregate all Costs relating 10 that ¢ategory.
Liabilities are recognised as soon as there is a legal or ¢onstruc¢ive obligation committing ihe Cliarity lo the
expenditure. Expenditure on charitable activities comprises personnel, hospitality, property, repairs and
mainlenanee, rent. rates. light and heal. general supplies and services, depreciation, motor and travel, offic¢
overheads and insurancc.
Irrecoverable V A T is charged a$ an expense against the activity for which expenditure aTOSe.
Governanee Cos¢$
Governance costs comprise the costs of running the charity, includes independent examiners remuneration.
certain legal costs and all costs of complying with constitutional and stalulory requiremertls, such as cosis of
advising the trustees and examining the accounts and are slated in note 2.
Tangible fixed asset8
Tangible fixed assets Are stsl¢d 8t eo81 less depreciation. D¢pre¢iation 15 provided at rates ¢al¢ulaled lo write
off the cost of fixed assets. less their estimated residual value. over their expecled useful lives as in nole 4
Stock
St(Kk represents goods for resale and is valued al the lower of cost and nel realisable value.
Debtors and creditor$
Debiors and creditors are measured at the estimaled amounts receivable as gift aid, and or transaction price
less any provision for impairment.
Any losses arising from impairment are r¢¢ognis¢d as expenditure.

House of Pra
er Trust
Note5 to the accounts
for the year to 31 March 2024
l. Direet Church Running Activities
2024
2023
Rent and rates
Ministry and Admin Support
Ministy and Outreach
Multi media and equipment
Hospitality and Travel expenses
Outreach Ministry costs
Utilities & Phone cosl
Repair5 and maintenance
Resource material
Admin & Printing expenses
Subscriptions
Bank Interest & Charges
Legal & Insurance fees
Governance ( see 2. below )
Depreciation
Training
4,178
40,002
6,017
1,559
520
3,925
5,702
4,680
10.376
21,350
13,044
2,394
1.779
1,666
6,661
5,842
175
995
1,161
132
13,522
2.021
1.650
19,444
1,055
10,361
2.559
I,soo
19.570
Total
105.568
98.271
2. Governance
Ind¢peThdent examination
1,650
1,500
1,650
1.500
3. Reconciliation of Funds
Total unrestricted cash and bank fund5 blf
Net surplus
Prior Year Adjustment to b/f net surplus
160,282
11,287
153.550
10,791
(4,059)
160,282
171,568
10

House of Pra
er Trust
Notes to the accounts cont'd
for the year to 31 March 2024
4. Tangible fixed assets
Le￿Se￿oId
Medla
Mathinery &
Equlpment
Buildings
Acquisition
Improvement
Bulldliigs
Furniture
nd Fittingg
TDtAI
Cost
At l April 2023
Additions ii) Ilie year
298,292
12,646
21.573
3.669 336.180
6,853
399
7,252
At 31 Marcli 2024
305,145
12,646
21.972
3,669 343,432
Depreci*tion
At l April 2023
Charge for the year
61,611
18,378
9,286
987
21,S73
80
3.669
96,139
19,444
At 31 March 2024
79,988
10.273
21,653
3.669
115,583
Net Book V4lue
At 31 March 2024
225,157
2,373
319
(0) 227,849
At 31 March 2023
236.681
3J60
(o)
(0) 240,040
S. Staff Costs
No full time stsff were employed with duties carried out by various members remunerated on a
casual basis
The senior leader ( also a Trustee) received no remuneration
6. Tru$¢ees' remuneration expenses
No remuneration or expenses w¢re paid to th¢ Trustees for the y¢8r except for Mrs Josephine
Aubrey who was paid for Life Centre Manager duties .
7. Debtors
2024
2023
Gift Aid Rec¢ivable
36,209
36.209
33,345
33.345

House of Pra
er Trust
Notes to th¢ accounts
for the year to 31 Mgrch 2024
8. Creditors: amounts falling
due within one ye4r
Creditors
Accrued expenses
2024
2023
345
1,650
1,995
1.500
1,500
9. Credltors: Amoun15 falling
due after one yeAr
Mortgage
Members & Trustee Loans
147,634
149,260
3,750
153,010
147,634
Tl)e secured mortgage facility IS Wlth Kingdom Bank for the acquisition of th¢ premises.
cu￿entlY ihe int¢resi rate is a fixed rate of 8.85Yo Wlth in¢erest of £12,981.99 bein8 ¢har8ed
during the reported period.
10 Analy$ls of Net Assets between funds
General and
DcsignAted
fund$
Restricted
funds
Total
Fixed assets
Net current assets
Net Assets at 31$t M*r¢h 2024
227,849
156.281)
171,568
227,849
(56,281)
171,568
12

House of Prayer TTUSt
ExllM5ue￿l Rtport to th¢ ofHotst olPw¢r True
I r¢pc*rt to th¢ clwity Irust¢e5 on rny cwnin•rion of th¢ iecounts of the Charty for ihe y¢•r et￿ed 31
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