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INTERNATIONAL HOUSE OF PRAYER LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30™ APRIL 2025
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CHARITY REGISTRATION NUMBER: 1172930
COMPANY NUMBER: 06447110
INTERNATIONAL HOUSE OF PRAYER LIMITED
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CONTENTS
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| Charity Information | 1 |
| Trustees’ Report | 2-3 |
| Statement ofTrustees’ Responsibilities | 4 |
| Accountants’ Report | 5 |
| Statement of Financial Activities | 6 |
| Statement ofAssets and Liabilities | 7 |
| NotestotheAccounts | 8-10 |
INTERNATIONAL HOUSE OF PRAYER LIMITED
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CHARITY INFORMATION FOR THE YEAR ENDED 30" APRIL 2025
| Company Number: | 06447110 |
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| Charity Number: | 1172930 |
| Trustees: | RevJ J Garande |
| Rev J Muzawazi | |
| RevB Titlarty | |
| Charity Contact: | Rev J J Garande |
| 10 Longmeadow Drive | |
| Wilstead | |
| Bedford | |
| MK45 3FB | |
| Registered Office: | First Floor, Woburn Court |
| 2 Railton Road | |
| Kempston | |
| Bedford | |
| MK42 7PN | |
| Accountants: | HWBedford Limited T/AHainesWatts |
| First Floor, Woburn Court | |
| 2 Railton Road | |
| Kempston | |
| Bedford | |
| MK427PN |
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INTERNATIONAL HOUSE OF PRAYER LIMITED
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TRUSTEES’ REPORT FOR THE YEAR ENDED 30" APRIL 2025
The trustees present their report and the financial statements of the charitable company for the year ended 30" April 2025.
International House of Prayer Limited was registered with the UK Charities Commission on 9'" May 2017. Its Charity Registration Number is 1172930.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 October 2019)’.
Trustees of the charity
The trustees during the period under review were as follows:
Rev J J Garande Rev J Muzawazi Rev B Titlarty
Rev J J Garande is remunerated as Pastor by the charity. Fees paid amounted to £12,000 (2024 £11,600).
The body of trustees shall consist of at least three trustees.
At each general meeting one-third of trustees must retire from office by rotation.
Objectives and activities for the public benefit The objective of the charity is to advance the Christian Faith in the United Kingdom for the benefit of the public through the holding of prayer meetings, conferences and seminars, producing and distributing literature on Christianity to educate others about the Christian Faith.
Legal framework The charity is governed by its trust deed.
Achievements and performance
The charity is satisfied with the overall achievements of its objectives in the period and the trustees remain committed to the charity and the promotion of the Christian Faith.
Financial review
The results for the year are shown in the statement of financial activities on page 6.
The trustees are pleased with the financial results for the year, reporting a surplus of £3,469 (2024 deficit of £2,876), with total funds at the year-end amounting to £7,118 (2024 £3,649).
Increased tithes and cash offerings compared to previous year and expenditure remaining at a similar level has given this result.
The trustees remain committed to the charity and remain hopeful that new sources of funds can be raised to allow it to continue for the foreseeable future.
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INTERNATIONAL HOUSE OF PRAYER LIMITED
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TRUSTEES’ REPORT FOR THE YEAR ENDED 30™ APRIL 2025
Trustee appointment and induction
No person other than a trustee retiring by rotation may be appointed as a trustee at any general meeting unless they are recommended for election by the trustees, not less than fourteen clear days before the date of a meeting and the charity is given a notice that; (a) is signed by a member entitled to vote at the meeting; (b) states the member's intention to propose the appointment of a person as a trustee and: (c) is signed by the person who is to be proposed to show their willingness to be appointed.
The charity is fortunate to have long-standing trustees who are able to pass on their knowledge and experience of the organisation.
New trustees are also made aware of their legal obligations under charity law, the content of the memorandum and articles and the trustee’s decision-making process.
Structure, governance and management
The trustees hold regular meetings and decisions are made upon majority consent.
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Risks
The trustees believe that the charity is not exposed to any material risks.
Reserves policy
It is the charity’s aim to hold a minimum of three month's overhead costs in unrestricted reserves at all times.
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Grant making policy
The charity has no set policy in relation to making grant payments.
Investment policy
The investment policy is to only hold low risk investments, to safeguard the charity's funds.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies.
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Signed on behalf of the trustees by:
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J J GARANDE - Trustee
Dated - eyHu) tos
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INTERNATIONAL HOUSE OF PRAYER LIMITED
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STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 30™ APRIL 2025
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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® select suitable accounting policies and then apply them consistently; ° observe the methods and principles in the Charities SORP 2015 (FRS 102);
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° make judgements and estimates that are reasonable and prudent;
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° state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the tru by: VA rr J J GARANDE -— Trustee
Dated IEA aA d 5
INTERNATIONAL HOUSE OF PRAYER LIMITED
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ACCOUNTANTS' REPORT TO THE BOARD OF TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF INTERNATIONAL HOUSE OF PRAYER
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of International House of Prayer for the year ended 30th April 2025 which comprise the statement of financial activities, statement of assets & liabilities and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the charity's trustees, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of International House of Prayer and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than International House of Prayer and its board of trustees, as a body, for our work or for this report.
It is your duty to ensure that International House of Prayer has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of International House of Prayer. You consider that International House of Prayer is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or an independent examination review of the financial statements of International House of Prayer. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HW Bedford Limited T/A Haines Watts First Floor, Woburn Court 2 Railton Road Kempston Bedford MK42 7PN
Dated ......\ { . { Lita!
INTERNATIONAL HOUSE OF PRAYER LIMITED
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STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 307 APRIL 2025
| Restricted | Unrestricted | TotalFunds | Total Funds | |
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| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Income from charitable activities | ||||
| Tithes & cash offerings | - | 31,511 | 31,511 | 22,908 |
| Investmentincome | ||||
| Deposit interest received | - | 52 | 52 | 64 |
| Total incoming resources | - | 31,563 | 31,563 | 22,972 |
| Expenditure on: | ||||
| RaisingfundsandCharitable activities: | ||||
| Pastors & speakers | - | 12,900 | 12,900 | 11,600 |
| Conference expenses | - | - | - | 909 |
| Rent, rates & insurance | - | 7,579 | 7,579 | 7,986 |
| Light & heat | - | 1,165 | 1,165 | 941 |
| Postage, stationery & telephone | - | 690 | 690 | 612 |
| Promotional & awareness costs | - | 511 | 511 | - |
| Motor travel & accommodation |
- | 2,306 | 2,306 | 1,397 |
| Cleaning & sundries | - | 952 | 952 | 692 |
| Donations Depreciation |
- - |
750 131 |
750 131 |
518 87 |
| Supportcosts: | ||||
| Accountancy fees | - | 1,110 | 1,110 | 1,080 |
| Professional fees | - | - | - | 26 |
| Total resources expended | - | 28,094 | 28,094 | 25,848 |
| Net Movement in funds foryear | - | 3,469 | 3,469 | (2,876) |
| Funds as at 18 May 2024 | - | 3,649 | 3,649 | 6,525 |
| - | 7,118 | 7,118 | 3,649 | |
| Transfer between reserves | - | - | - | - |
| Fundsasat307APRIL2025 | - | 7,118 | 7,118 | 3,649 |
The statement of financial activities Includes all gains and losses in the period.
None of the charitable company’s activities were acquired or discontinued during 2024 or 2025.
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INTERNATIONAL HOUSE OF PRAYER LIMITED (Company Registered Number: 06447110)
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STATEMENT OF ASSETS AND LIABILITIES
AS AT 3074 APRIL 2025
Notes 2025 2024
£ £
Fixed Assets
Tangible fixed assets 4 562 -
562 -
Current Assets
Debtors - -
Cash in Hand 5 7,667 4.730
7,667 4,730
Creditors: Amounts falling
Due within one year 6 (1,111) (1,081)
Net current assets 6,556 3,649
Total assets less current
liabilities 7,118 3,649
Income funds
Unrestricted funds 7 7,118 3,649
Restricted funds 8 - :
Total funds 7,118 3,649
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and the Charities Act 2011 for the year ended 30" April 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30" April 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
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° ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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° preparing accounts which give a true and fair view of the state of the company as at the end of the period and of its profit or loss for the financial period in accordance with the requirements of Section 394 & 395, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to this company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The i 2O25 financial statements were approved by the trustees on a i ea _UL| and were signed by:
J J GARANDE - Trustee
INTERNATIONAL HOUSE OF PRAYER LIMITED
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3074 APRIL 2025
1 Statutory Information
| International House of Prayer Limited is a private company, limited by guarantee, registered in England & Wales. The company’s registered number and registered office address can be found on the charity information page.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The liability of members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the charity in the event of it being wound up.
The company achieved charitable status on 9'" May 2018.
2 Accounting policies
Basis of accounting
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ , the Charities Act 2011 and the Companies Act 2006.
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information and future cash flows in making their assessment.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.
Incoming resources
Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it, or when the donor has specified that the income is to be expended in a future period.
The income from trading charitable activities derived from the provision of services are included in the period in which the supply takes place, after the deduction of discounts and value added tax.
Grants received are included as income from activities in furtherance of the charity's objectives where they amount to a contract for services, but as donations where monies are given with greater freedom of use. Any amounts received for specific purposes are accounted for as restricted funds.
Investment income is earned through holding assets for charitable activities such as shares. Interest is accounted for on the statement of financial activities in the year in which it is received.
Resources expended
Resources expended are included in the statement of financial activities on an accruals basis, exclusive of reclaimable value added tax. Expenditure directly attributable to specific activities are included within those cost categories. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, including accountancy fees, administrative fees and costs linked to the strategic management of the charity.
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INTERNATIONAL HOUSE OF PRAYER LIMITED
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 307 APRIL 2025
2 Accounting policies (continued)
Funds accounting
The funds held by the charity are
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a) Unrestricted general funds — these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
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b) Restricted funds — these are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funding is raised for a particular purpose.
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Tangible fixed assets
The capitalisation policy is to capitalise only assets of more than £200 in value, assets below these values are treated as revenue expenditure.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life;
Office equipment - 33% on cost
3 Staff costs
Mr J J Garande is remunerated as Pastor by the charity. Fees paid amounted to £12,000 (2024 £11,600).
4 Tangible fixed assets
| Office | ||
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| Equipment | Total | |
| £ | £ | |
| Cost | ||
| At 1st May2024 | 1,946 | 1,946 |
| Additions Disposals |
693 = |
693 ; |
| At30 April 2025 | 2,639 | 2,639 |
| Depreciation | ||
| At 1st May 2024 | 1,946 | 1,946 |
| Charge for the year | 131 | 131 |
| Elimination on disposal | - | - |
| At 30! April 2025 | 2,077 | 2,077 |
| Net book amount | ||
| 30 April 2025 | 562 | 562 |
| 30'April2024 | a | - |
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INTERNATIONAL HOUSE OF PRAYER LIMITED
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30" APRIL 2025
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| 5 Cash at bank |
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| 2025 | 2024 | |
| £ | £ | |
| Current account | 4,175 | 737 |
| Deposit account | 2,918 | 3,04 |
| Bible school account | 219 | 622 |
| Premium account | 355 | - |
| 7,667 | 4,730 | |
| 6 Creditors |
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| 2025 | 2024 | |
| £ | £ | |
| Accrued expenses | 1,111 | 1,081 |
| 4-111 | 1,081 | |
| 7 Income Fund |
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| 2025 | 2024 | |
| £ | £ | |
| At 1st May 2024 | 3,649 | 5,525 |
| Net Movement in Funds forthe Year | 3,469 | (2,876) |
| 7,118 | 3,649 | |
| Transfer between reserves | - | - |
| At30 April 2025 | 7,118 | 3,649 |
| 8 Restricted Funds |
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| 2025 | 2024 | |
| £ | £ | |
| At 1st May 2024 | - | - |
| Net Movement in Funds for the Year | - | - |
| Transfer between reserves | - | - |
| At30April2025 | - | - |