OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Christ Healing Home

2021-12-31-accounts

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH

Charity No. 1175794

Company No. 09626733

Trustees' Report and Unaudited Accounts

31 December 2021

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 17

Page 1

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 09626733

Charity No. 1175794

Principal Office

57 Kangley Bridge Road London SE26 5BA

Registered Office

57 Kangley Bridge Road Lower sydenham SE26 5BA

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Accountants

Spearmans 333 Edgware Road London NW9 6TD

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document: the advancement of the christian religion; relief of hardship for the distressed, aged and sick; relief of poverty and homelessnes. The objects are charitable and operate for the public benefit. In determining how best to pursue these objects the Trustees have given regard to the Charity Commission's guidance on public benefit.

The main activities undertaken in relation to those purposes are: 1. Sunday and mid-week worship services; children's ministries; prayer and ministry training; bible studies and small group meetings. 2. Ministering to the congregation and the local community through family life, relationship and other ministry programmes; 3. Social programmes to provide food, clothes and shelter for the needy and care for the sick 4. Educate and equip the congregation and other churchesin the practice of ministry through GSC based conferences

ACHIEVEMENTS AND PERFORMANCE

Page 2

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH

Trustees Annual Report

A summary of the main achievements of the charity, identifying the difference the charity's work has made to its beneficiaries and society as a whole are as follows: The church is open to both christians and non-christians. The community has been attracted to and enjoyed our services including weekly worship services,monthly destiny changing programmes, new year's eve watch night service and our annual music and cultural nights. The popularity of the month end programmes and the music and performing arts has often seen professional artists and speakers from home and abroad come to minister and impact lives. We continue to provide and maintain buildings for church services at Old Kent Road in Southwark. We minister to the congregation and the local community by emphasising on the virtues and importance of strong families, values of voting and social responsibility, continually advocating self-development and business enterprise through seminars, workshops and practical advice. The church also seeks new followers or adherents. The members in general and the evangelism team regularly go out to preach the gospel in different locations and areas. We aid the local community by providing career counselling, pre and post marital counselling, bereavement counselling, hospital visits, welfare provision, prayer support, men and women's meetings, supplementary school and supporting local charities.

FINANCIAL REVIEW

A review of the charity's financial position at the year ended 31 December 2021 is provided in the annexed accounts

PLANS FOR FUTURE PERIODS

The church would continue to seek new worshippers both in the UK and around the world to advance the christian faith. Also it would continue to support the needy in society. The church will expand it's TV and online broadcast to further propagate the gospel.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by the it's governing document, the constitution adopted on 17 November 2017. There are no restrictions in the governing document on the operation of the charity or on it's investment powers other than those imposed by general charity law. The church is run on a day to day basis by a leadership team that normally includes majority of trustees. The team comprises of professionals from all disciplines including business, finance and legal. New trustees undergo orientation where they are briefed on their legal obligations under charity law, the content of the constitution and the processes on decision making within the organisation. The charity encourages trustees to attend at their discretion appropriate external training events were these will be of use for the undertaking of the role.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

F. Olaloko Trustee 13 November 2022

Page 3

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Independent Examiners Report

Independent Examiner's Report to the trustees of THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH

I report to the charity trustees on my examination of the financial statements of THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Lance Kadiri ACCA Spearmans 333 Edgware Road London

NW9 6TD

Page 4

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Independent Examiners Report

13 November 2022

Page 5

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Statement of Financial Activities

for the year ended 31 December 2021

Notes
Income and endowments
from:
Donations and legacies
3
Other
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income/(expenditure)
7
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
304,956
16,762		 Total funds
2021
£
304,956
16,762		 Total funds
2020
£
206,230
2,892
321,718
78,324
225,927		 321,718
78,324
225,927		 209,122
13,746
207,963
304,251
-		 304,251
-		 221,709
-
17,467
-		 17,467
-		 (12,587)
-
17,467 17,467 (12,587)
17,467
1,307		 17,467
1,307		 (12,587)
13,894
18,774 18,774 1,307

Page 6

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Summary Income and Expenditure Account

for the year ended 31 December 2021

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2021
£
321,718
321,718
286,000
18,251
304,251
17,467
17,467		 2020
£
209,122
209,122
209,224
12,485
221,709
(12,587)
(12,587)

Page 7

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Balance Sheet

at 31 December 2021

Company No.
09626733
Notes
2021
£
Fixed assets
Tangible assets
10
64,027
64,027
Current assets
Debtors
11
15,348
Cash at bank and in hand
1,110
16,458
Creditors:Amount falling due within one year
12
(26,384)
Net current (liabilities)/assets
(9,926)
Total assets less current liabilities
54,101
Creditors:Amounts falling due after more than one year
13
(35,327)
Net assets excluding pension asset or liability
18,774
Total net assets
18,774
The funds of the charity
Restricted funds
14
Unrestricted funds
14
General funds
18,774
18,774
Reserves
14
Total funds
18,774		 2020
£
48,723
48,723
15,348
3,620
18,968
(16,384)
2,584
51,307
(50,000)
1,307
1,307
1,307
1,307
1,307

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 13 November 2022

And signed on its behalf by:

A. Ebhohimhen-Ben

Trustee

13 November 2022

Page 8

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Notes to the Accounts

for the year ended 31 December 2021

Basis of preparation

The financial statements have been prepared in accordance with 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 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH

Notes to the Accounts

3 Income from donations and legacies

Tithes and offering
4
Other income
Other income
5
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
6
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
7
Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
304,956
304,956
Unrestricted
£
16,762
16,762		 Total
2021
£
304,956
304,956
Total
2021
£
16,762
16,762		 Total
2020
£
206,230
206,230
Total
2020
£
2,892
2,892
Unrestricted
£
78,324
78,324
Unrestricted
£
16,405
23,900
44,744
8,614
18,251
40,402
73,611
225,927
2021
£
18,251		 Total
2021
£
78,324
78,324
Total
2021
£
16,405
23,900
44,744
8,614
18,251
40,402
73,611
225,927		 Total
2020
£
13,746
13,746
Total
2020
£
-
29,753
41,429
79,686
12,485
29,902
14,708
207,963
2020
£
12,485

Page 12

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH

Notes to the Accounts

8 Trustee remuneration and expenses

Number of trustees paid expenses
9
Staff costs
Salaries and wages
Social security costs
No employee received emoluments in excess
10 Tangible fixed assets
Cost or revaluation
At 1 January 2021
Additions
At 31 December 2021
Depreciation and
impairment
At 1 January 2021
Depreciation charge for the
year
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020
11 Debtors
Other debtors
12 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Other taxes and social security
Other creditors		 of £60,000.
£
44,070
-
44,070
8,985
8,814
17,799
26,271
35,085		 2021
Number
3
2021
23,900
-
23,900
£
19,883
13,555
33,438
6,245
5,437
11,682
21,756
13,638
2021
£
15,348
15,348
2021
£
10,000
8,295
8,089
26,384		 £
-
20,000
20,000
-
4,000
4,000
16,000
-		 2020
Number
3
2020
27,311
2,442
29,753
£
63,953
33,555
97,508
15,230
18,251
33,481
64,027
48,723
2020
£
15,348
15,348
2020
£
-
8,295
8,089
16,384

Page 13

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Notes to the Accounts

13 Creditors:

amounts falling due after more than one year

Bank loans and overdrafts
14 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
15 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
16 Reconciliation of net debt
Cash and cash equivalents
Bank loans
Net debt		 At 1 January
2021
1,307
1,307		 2021
£
35,327
35,327
Incoming
resources
(including
other
gains/losses
)
£
321,718
321,718
At 1 January
2021
£		 Resources
expended
£
(304,251)
(304,251)
Unrestricted
funds
£
64,027
(9,926)
(35,327)
18,774
Cash flows
£		 2020
£
50,000
50,000
At 31
December
2021
£
18,774
18,774
Total
£
64,027
(9,926)
(35,327)
18,774
At 31
December
2021
£
3,620 (2,510) 1,110
3,620
(50,000)
(50,000)
(46,380)		 (2,510)
4,673
4,673
2,163		 1,110
(45,327)
(45,327)
(44,217)

17 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Detailed Statement of Financial Activities

for the year ended 31 December 2021

Income and endowments from:
Donations and legacies
Tithes and offering
Other
Other income
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Other expenditure
Employee costs
Salaries/wages
Employer's NIC
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Light, heat and power
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of
Depreciation of
Equipment repairs and
maintenance
General insurances
Information and publications		 Unrestricted
funds
2021
£
304,956
304,956
16,762
16,762
321,718
78,324
78,324
78,324
16,405
16,405
23,900
-
23,900
44,744
44,744
6,214
2,400
8,614
8,814
5,437
4,000
8,904
7,611
-		 Total funds
2021
£
304,956
304,956
16,762
16,762
321,718
78,324
78,324
78,324
16,405
16,405
23,900
-
23,900
44,744
44,744
6,214
2,400
8,614
8,814
5,437
4,000
8,904
7,611
-		 Total funds
2020
£
206,230
206,230
2,892
2,892
209,122
13,746
13,746
13,746
-
-
27,311
2,442
29,753
41,429
41,429
77,686
2,000
79,686
8,985
3,500
-
12,622
-
2,565

Page 15

THE REDEEMED PILLAR OF FIRE AND PRAYING MISSION WORLDWIDE CHURCH Detailed Statement of Financial Activities

Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 2,353
-
21,422
112
58,653
1,000
71,016
1,595
73,611
225,927
304,251
-
17,467
17,467
-
17,467
1,307
18,774		 2,353
-
21,422
112
58,653
1,000
71,016
1,595
73,611
225,927
304,251
-
17,467
17,467
-
17,467
1,307
18,774		 3,302
976
10,310
127
42,387
1,500
-
13,208
14,708
207,963
221,709
-
(12,587)
(12,587)
-
(12,587)
13,894
1,307

Page 16