House of Pra er Trust Financial Statements for the Yegdr end 31 March 2025 CIO 1162259 65rldtl64frW¢Y3es3l45S£SO
House of Pra er Trust INDEX P8ge 3 Charlty Inform*¢ion PAge 4 -6 Trustee$ Report Page 7 st4tement of Flnancial Activltits Page 8 Balan¢e Sheet Pages 9-12 Iyotes to xccounts Page 13 Ind¢pendent Ex#miDer's Report 65AIdx1647e)tyJd3£345B£5O
House of Pr& er Trust CHARITY INFORMATION Trustees . MTS Josephine Aubrey Resigned April 2024 Mrs Helen Campbell Mr Fred Manu Mrs Catherine Delbridge Mr Richard Molli . Mr Ayomikun AbiolA Appointed May 2024 Charity Number 1162259 Ch8rity Correspondence Address 8-10 Duke Street W¢llington Telford Shropshire TFI IBJ Independent Exayniller Gary Peter Brookes FCA Bsc 130 Womboun)e Park Wombourn¢ South Staffs WV5 OLY Bankers BaTclays Bank The Telford centre Overdale Tellord Shropshire TF3 4AD 6s5ltrl64t¢*Wd7e3e£)4S8%S0
Govemlng Do¢urnent The organisatlon 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 durin8 the current year, as indlcated. 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 reqU1MentS with knowledge and experience and where there are gaps we offer appropriate training. TrusteÈ Indurtlon and Trainlng There are no spetific pollcies and procedures for inductionltraining of trustees. Trlowever, they are inducted according to Individual requirement5. A copy of the TnJ5t Deed is Supplied. along wirh the Trust policies and procedvre5 and copies of recent board mÈetin8 minute5 and accounts. Individual Trustees roles/respon51bilities are negotiated with all the trustees so that their roles complement each other. ObjertNes and Actlvitles The advancement of the Christian faith and the worship of God in Shropshire and elsewhere by any means whatsoever including Ibut not by way of limitation) The preaching and Pfod3mation of the Christian gospel and the tea¢hing of Christian doctrine and principles The pastoral care of Christian people The printin8 and distribution of the bible and Christian literature including video and audio recordings or electronically and by any other media which is or may become available To establish a Christian centre in Telford as a centre for Christian use and for other charitsble projects as the trustees may from time to time determine. The relief of personswho are in conditions of need, hardship or distress orwho are aged or sick. The 3dv3ncement of education on the basis of Christian prinaples and without prejudice to the generality of the fore80ing the provisions of such education in any educational establishment and if the trustees so decide the provision of one or more charitable educational e5tabli5hments for the general education of children or adults on the basis of such Christian principles. Throughout the year the trustees have paid due regard to the Charities Commission's guidance on Publi Benefit and, in particular, the Specific guidance provided to charities for the advancement of religion. Achievements and Performanie During the year under review, House of PrayerTrust IHOPI has experienced a modest improvement in attendance and participation, with stable and gradually increasing numbers at weekly Services and organised activities. Despite ongoing external challenges, the Church has continued to deliver its charitable objectives effectivelv. HOP has strenohened its community en8agement activities, particularly through the WelliArt, Gratitude Café and Bookends which continues to provhde a welcoming Spare for community interaction and support. Thls has further enhanced outreach. creating addttional Dpportunities for engagement. inclusion, and social connection. In addition, the rental of the premises to charitable and community-based organisations has Increased utili5ation of the soace and extended Hows impact within the local communitv. 65511tr164t£tA)rf2&a3f3456r5o .
The Trust remains compliant with its governance responsibilities. All relevant policles and procedures have been reviewed and rernain up to date, and Trustees and workers receive appropriate Safegtlarding training. OP also rnaintain5 collaborative relationships with other local ¢hurches and charitable organisations in Telford, supporting outreach and pastoral care. Community activities, including art-related inltiative5, refugees 5UPPOrt continue to operate regularly from the premises. Pastoral care* prayer meetings, and ch.urch-related meetings remain an integral part of the Trust's activities. Following the departure from the Life Centre, inStial input from architerts regarding future premises development has been received and is currently under review, forming part of the Trust's longer.term strategic planninE. Future Plans The year ahead will focus on st3bility, growth, and long-term sustainability. House of Prayer Trust Is currently holding Sunday services at Duke Street, following the relocation from the Old Hall School. This arrangement provides greater consistency for worship and activities, though it remains an interim solution. The Trust's strategic priority is to secure its own permanent premises, which would enable expanded delivery of its charitable objectives. Owning or long-term lea51ng a dedicated facility would signific3ntly enhance HOP'S capacity for community engagement, includin8 SUPPOrt groups, educational actlvities. pastoral tare, prayer meetings, and culttjfal and musical events. Architectural proposals relating to potential future development are under active consideration. Subject to feasibility and funding, these plans are intended to support the Trust's mission by providing flexible, acce5$1ble spaces for both church and wider cornmunity use. The Trustees remain comrnitted to prudent financial management, good governance, and continued growth in service to the communitv. Financial Revlew The full results of the Trust for the year are set out in the attached financial statement5. Income decreased from £117K to £77K mainly from decreased incorne from Tithe and Offerings. and rental Income on Duke Street premises. The total expenses decreased from E106K to £72K. A residual surplus of £4k was achieved compared to the previous year of £llk. The Trust is still 3 going concern despite the challÈn8e of moving from the life centre and the changes in the leadership. Reserves Policy At this stage of the Trust's life there is little room to addre5$ 3 reserves policy in practlce although an awareness of the need for one is monitored on an ongoing basis. Rlsk Poli¢v The managemènt team conducts an ongoing revlew of major risks as part of its regular monitoring and reporting. Internal risks are minimised by the implementation of procedures in regard to Good Practlce Child Protection Policles. Fire Safety and Health and safety inspections where the Trust's activities operate. Financial risks are minimlsed by the implementation of procedures for the authorisation of all transartions by the team and reviews on a regular basis. Tru5tee5' ResDonsibilities 65LtsI £l64tlewJf?l50£SO
Charlty Law requires the trustees to prepare financial statements for each flnanci?I year which glve a true nd fair view of the state of affalrs of the Trust and of Sts flnancSal activitles for that year together with its a55ets and liabilitSes at the end of the year, adequately d15tlnguishlng iny material, special trust or other restricted fund of the Trust. In preparlng those financial statements, the directors are requlred to.. al Select suitable accountlng poli¢les and then apply them conslstently,. bl MakeJudgements and estimates that are reasonable and prudent,. cl State whether the policies adopted are in accordance wlth the appropriate SORP on accounting by Charities and the Accounting Regulations and wlth applicable accountlng standar¢Js subject to any material departures disclosed and explained in the financial statements., and ¢Jl Prepare the financi31 statements on the going concern basls unless It is inappropriate to a5SLsme that the Trust will continue in its activities. The trustees are responsible for keepin8 proper accountlng records which disclose wlth reas¢nable accuracy at any time the f1n3ncial position of the Trust and to enable them to ensure that the financial statements comply with the second edition of Statements of Recommended Practice 2019 and the regulation5 made under section of the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the Prevention and detection of fraud and irregularities. The trustees have the power to invest in such assets as they see fit. This report was approved by the trustees on DATE.... So, Trustee..... NAME ofTRVSTEE... 7OteI6aJ6c9Éa9IaS*X3tf¢4II9
House of Pra er Trust Statement Of Financial A¢tiviÉies for the year to. 31 M4reh 2025 Total Funds 2025 Tot81 Funds 2024 Notes Income . Incoming Resources from tharitable *ctivltie$ Tithes and olTerings Gift Aid Tax received Rent / Graiits received 43,155 9,640 24,127 76,923 74,635 16,145 26.075 116,855 Total Expenditure Charitable Actiiities Direct Church RunniD8 Activities Odier Expenses 67.896 5,000 105.568 Tolgl 72,896 105,568 Net surplus 4,028 11,287 Reconclliatlon of Fullds Unrestricted and Designated Fwid Balance BIF 171,568 160.282 Total funds earned forward 175.596 171,568 There were no recognised gains or losses for 2024 or 2025 other than those included in the Siatemenl of Financial Activities 6551thIS4f&U¢2d7e3E5a3tJ4i6tS0
House of Pra Trust B8lan¢e Sheet as gt 31 Mgreh 2025 2025 2024 Not Fixed Assets TaThgible Fixed Assets Deposit Accounts . 208,421 227,849 208,421 227,849 Current assets Stock Debtors & PrepaentS Cash at bank and in hand 24,567 90.190 36,209 57,140 .114.757 93,349 CrediloT.' Amounts falling due within one year (1.792) (1,995) 91.353 112.965 CreditOT.' Amounts falling due after one year (145.789) (147.634) 175.596 171,568 Net Assets RetsreseDted by Unrestri¢ted and Designated funds io 175.596 171.568 175.596 171,568 The ac¢ompanying notes fonn an integrnl part of these Financial Statements. The Balance Sheel sei out for the year ended 31 March 2025 was approved by the church tNste¢s on the 30th January 2026 Trvstee Nime . .A.fh.. Mlrod 65ELLtr1É't(tfjtyidYfrJefA£3=5O
House of Pra er Trust Notes to the accounts for the year to 31 fv18reh 202S ACCOUNTINC. POLICIES The cliarity constitutes a public benefii entity a% defiDcd by FRS102. Th¢ financial stat¢ments have been prepared in accordance with Accoiiniing and R¢porting by Charities.. Statement of R¢commended Practic¢ (SORP) applicable to ClicltieS preparing iheir accounts in accordan¢e with the Financial Reporting Stsndard applicable in the UK and Republic ollreland IFRS102) second edition published October 2019, the Charities Act 2011 the And UK CTenerall J, A¢ccpted Pr42clice as it applies from l January 2015. A suininary of the pniicipal accounting polici&8 adopted is 88 follows.. Basis of preparation The financial stateiiients have been prepared in accordance with the appTopriAie SORP on accounting by Charities and the Accoiintiiig Regulations and willi applicabl¢ accounting standards subject to any material deparNres discloscd and explained in ilie finan¢ial stat¢m¢nts. The accounts are drawn up on the hisiorical CO basis of accounling. as modified by the revaluation of ini'estments. Going concern Having rei'ieM?ed the fijnding available 10 the charity together with the expected future donations by m¢mb¢rs . and th¢ charity's tUre pro.jecied cash (loivs, the tTUSt¢es have a reasonabl¢ expectation that the charity hos ad¢quate resources to continue its activities for the foreseeable future and have faith there are no material unccrtainties over Its finan¢ial viability. Accordingly, the trusiees continu¢ io adopt the going concern basis in preparmg the financial siateT[Jen. Expenditure Expenditure is a¢courLi¢d for on an accrna15 basis where there is a legal and constrnctivc obligation to make a pa)Th¢nt to a third party and tb¢ aD]OUnt of the obligation can b¢ measured reliably, ¢xndIbjre is alloeaied to the appropnate headillgs relevant to the charitable activities. Expenditure is recognised as soon as the r¢lated liabiuty is mcurred and has been classified under headings that aggtegat¢ Jll costs Ielating to that ¢ategory. Liabilities are re¢ognised as soon as ther¢ is a legal or ¢onstsUCtive obligation committing the Charity to the expenditure. Expenditure on charitable acllvities comprises peTsonnel, hospitality, pioperty, repairs and rnaint¢nan¢e, rent, raies. light and heal, general supplies and s¢rvic¢s. deprcciation. motor and travel, office overheads and insurance. Irrecovernble IIAT is charged as an expens¢ against the activity for which expenditurc arose. Governanee Costs Governance costs comprise the costs of nmning the charity, includes independent examin¢rs remuneration, certaw legal Costs and all costs of Complying with constitutional and statutory requirements, such as costs of advising the tn1¢¢5 and exaniining th¢ accounts and are st&ted in not¢ 2. Tangible fixed assets Tangible fixed assets are stated at cosi less depreciation. Depreciation is provided at rates ¢alculaied to i%Tite off the cost of fixed assets, less iheir eslimated residual value, over ih¢ir cxpected useful lives as in note 4 Stock Stock" repTesents goods forTesal¢ and is valued at the lower of cost 8nd net re&lis&ble valu¢. Debtors and eredior5 655id¢l64fLkJYleSa3f)asBf5o
Debtors aiid creditors are iiieasur¢d at the ¢stimat¢d amounts re¢eiv8ble as gift aid. and or transaction price less any PToYision tor impairment. Any losse5 arising froni impairmeni are r¢cognised as expenditure. 10 6551{trJ64fdd?e3£3¥S85O
House of Pra er Trust Ni)tes to the accounts for the year to 31 MJrch 2025 l.'Dlrect Church Running Activities 2025 2024 Rent and rates Ministy and Admiti Support Ministry and Giving Multi media ai)d equipment Hospitality and Travcl expenses Outreach Nlinistry costs Utilities & Phone cost Repai and maintenance Admin & Printing expenses Subscriplioiis Bank tntcre5t & Charges Legal & Tnsvrance fees Governance { see 2. below ) Depreciation Training 4,512 11.810 3,073 292 1,663 847 3,516 1.214 4.050 4.178 40.002 6,017 1,559 520 3,925 5,702 4.680 1,161 132 13,522 2,021 1,650 19,444 1.055 13,457 2.292 1,650 19,428 90 105.568 Total 67,896 2. Govern2nce Indepcndent examination 1.650 1.650 1.650 ,650 3. Reconciliation of Funds Total unrestri¢ted cash and bank funds blf Net Surplus Prior Year Adjustment to blf nel SUTpIus 171.568 4.028 160,282 11,287 175,596 171,568
House of Pra 'er Trust Notes to tho 4ccouiit$ cont'd for the year to 31 March 2025 4. Tangible fixed 4s$els Le$ehold Improvement Bulldings Medi# M#¢hlnery & Eqyipment Buildfngs Acquisl¢lo Furnlture nd FlttlDgl Total Cost Al l April 2024 Additsons in the year 305.145 12,646 21,972 3,669 343,432 At 31 March 2025 30$ 145 12,646 21.972 3.669 343,432 Deprecixtion At l Apnl 2024 Charge fur tbe y¢ar At 31 March 2025 79.988 18,821 98.809 10,273 543 10,816 21,653 3,669 115.583 19,428 3,669 135,011 21,717 et Book N'alue At 31 March 2025 206J36 255 208,421 At 31 l¥larcb 2024 225,157 2J73 319 227.849 Made up as: Buildtng Café crs Duke Street R¢fuTb 11.726 443 1.951 4,7 18,821 543 Leasehold imp refub. OtTicc cquipment 19,428 S. Staff Cost$ No full time staff were employed, with duties carried out by various members remuncrated on a casual basis. The senior leader l also a Tt¢c> receiv¢d no remuneration 6. Trustees, r¢muner*tion and expenses No remuneration or expenses were paid to the Trustees for the year except for Mrs Josephine Aubrey who was paid £4100 for Life cent Manager duties . 7. Debtors 2025 21124 Gift Aid R¢¢eiYabl¢ 24.567 24,567 36,209 36,209 12 655l&c164f<2&1ekSa3E3458t50
House of Prayer Trust IndeptDdeDt Exomln¢r'# R¢port to th¢ Trnsts¢J ofHouse of Prnyer Trnjt I report to the charity trustees on my ox8mination of the a¢rfsunts of the charity for the year ¢nded 31 March 2025 whi¢h are s¢t out on pws 7 to 12 Re8ponslbilitiu gnd bui# of rep)rt As the ¢hArity'$ trustees you are r¢SnsIble for the ptep8fAtion of the 8¢counts in a¢cordan¢e wtth the requirwi¢nts of the chltieS Act 2011 ('th¢ Act,). I rert in respe¢¢ of my examination of the Charity's accounts Garried out under wtion 145 of the Act and in carrying out my examination K have followed all th¢ applicabl¢ Dir¢ctions given by the Charity Commission under 8CCtion 145(5)(b) of the Act. Imdependent ennller'I JtAt•m¢nt I have completed my examination. I wnfimi that no material matters hav# Come to my attention ID ¢onnection with th¢ examination givin8 me cause to believe that in any material T¢5pect: accounting r¢¢ords wer¢ not kept in r¢sF¢Ct of th¢ charity as requir¢d by section 130 of the Act or the accounts do not accord with thos¢ r¢cords' or the aounts do not comply with the applicable requirements concernin8 the forni and content of accounts set out in the Chariti¢s (A¢Unts and Reports) Regulations 2008 other than any requiremenl th4t the accounts give a 'tswe and fair view. which is not a matter considered as part of an independent ex8mination. I have no concerns and have come across no othcr matter5 in connection with th¢ examination to which attention should be drawn in this rew)rt in order to enable a prop¢r under5tandin8 of the accounts to be r¢a¢hed. Signed Name Gary Peter Brookes Fellow ofJtss¢ilule ofCharl¢redAccoNnlantsfor Eng1tOnd Wales Address 130 Fyombourne Park, Fvomboyrne. South Stoffs. WY5 OL Y Dai¢.' 30January 2026 14 4Y4f?ab3f7379(.32takn*4CY9>ry