## **THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
## **Charity No. 1175794**
**Company No. 09626733**
**Trustees' Report and Unaudited Accounts**
**31 December 2024**
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE 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|
|Detailed Statement of Financial Activities|to|18|
Page 1
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE 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 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 09626733**
## **Charity No. 1175794**
## **Principal Office**
9-11 Cottage Green London SE5 7ST
## **Registered Office**
9-11 Cottage Green London SE5 7ST
## **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:
- A. Ebhohimhen-Ben
- K. Michael
- F. Olaloko
## **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
Page 2
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Trustees Annual Report**
A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...
A larger charity must provide an explanation how the achievement of its aims will further its legal purposes...
A larger charity must provide an explanation of its strategies for achieving its stated aims and objectives...
A larger charity must provide an explanation of its criteria or measures it uses to assess success in the reporting period...
A larger charity should provide a more detailed explanation of its short-term and long-term aims and objectives...
## **ACHIEVEMENTS AND PERFORMANCE**
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.
A larger charity must review its charitable activities undertaken, explaining performance achieved against objectives set ...
A larger charity must include an explanation when material fundraising activities are undertaken, details of the performance achieved against fundraising objectives set ...
A larger charity must provide an explanation when material investments are held, details of investment performance achieved against objectives set ...
A larger charity must provide an explanation of any material expenditure occurred to raise income in the future...
A larger charity must provide commentary on those significant positive and negative factors within and outside the charity's control which are relevant to the achievement of its objectives ...
## **FINANCIAL REVIEW**
A review of the charity's financial position at the year ended 31 December 2024 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.
A larger charity's report should explain the trustees perspective of the future direction of the charity...
Page 3
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Trustees Annual Report**
## **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
22 December 2025
Page 4
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Independent Examiners Report**
## **Independent Examiner's Report to the trustees of THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
I report to the charity trustees on my examination of the financial statements of THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the company (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, which is one of the listed bodies.
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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
L Kadiri ACCA Spearmans 333 Edgware Road London
NW9 6TD 22 December 2025
Page 5
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Statement of Financial Activities**
## **for the year ended 31 December 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net (expenditure)/income**
8
Transfers between funds
**Net (expenditure)/income**
**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**
**2024**
**£**
989,385
1,452|**Total funds**
**2024**
**£**
989,385
1,452|**Total funds**
**2023**
**£**
928,120
47,968|
|---|---|---|---|
||990,837
356,936
699,775|990,837
356,936
699,775|976,088
188,842
747,313|
||1,056,711
-|1,056,711
-|936,155
-|
||(65,874)
-|(65,874)
-|39,933
-|
||(65,874)|(65,874)|39,933|
||(65,874)
159,092|(65,874)
159,092|39,933
119,159|
||93,218|93,218|159,092|
Page 6
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
## **Summary Income and Expenditure Account**
## **for the year ended 31 December 2024**
|Income
**Gross income for the year**
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2024**
**£**
990,837
990,837
1,035,661
531
20,519
1,056,711
(65,874)
(65,874)|**2023**
**£**
976,088|
|---|---|---|
|||976,088|
|||909,211
781
26,163|
|||936,155|
|||39,933|
|||39,933|
Page 7
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Balance Sheet**
## **at 31 December 2024**
|**Company No.**
**09626733**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
10
199,809
199,809
**Current assets**
Debtors
11
61,085
Cash at bank and in hand
-
61,085
**Creditors:**Amount falling due within one year
12
(162,349)
**Net current (liabilities)/assets**
(101,264)
**Total assets less current liabilities**
98,545
**Creditors:**Amounts falling due after more than one year
13
(5,327)
**Net assets excluding pension asset or liability**
93,218
**Total net assets**
93,218
**The funds of the charity**
**Restricted funds**
14
**Unrestricted funds**
14
General funds
93,218
93,218
**Reserves**
14
**Total funds**
93,218|**2023**
**£**
115,276|
|---|---|
||115,276
61,085
30,129|
||91,214
(32,071)|
||59,143
174,419
(15,327)|
||159,092|
||159,092|
||159,092|
||159,092|
||159,092|
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 2024 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 22 December 2025
And signed on its behalf by:
A. Ebhohimhen-Ben Trustee
22 December 2025
Page 8
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Statement of Cash flows for the year ended 31 December 2024**
|**Cash flows from operating activities**
**Net (expenditure)/income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Increase in trade and other payables
**Net cash provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash (used in)/from investing activities**
**Cash flows from financing activities**
Repayment of borrowings
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances
Bank overdrafts|**2024**
**£**
(65,874)
25,233
(1,452)
124,939
82,846
(109,766)
1,452
(108,314)
(10,000)
(10,000)
(35,468)
30,129
(5,339)
-
(5,339)
(5,339)|**2023**
**£**
39,933
30,877
(47,968)
2,687|
|---|---|---|
|||25,529
(42,780)
47,968|
|||5,188|
|||(10,000)|
|||(10,000)|
||||
|||20,717|
|||9,412|
|||30,129|
||||
|||30,129|
|||-|
|||30,129|
Page 9
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Notes to the Accounts**
## **for the year ended 31 December 2024**
- 1 **Accounting policies**
## **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**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
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 10
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **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 11
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE 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 12
## **THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments from:**
Donations and legacies
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Tithes and offering
5
**Other income**
Other income|**Unrestricted**
**£**
989,385
989,385
**Unrestricted**
**£**
1,452
1,452|**Unrestricted**
**funds**
**2023**
**£**
928,120
47,968
976,088
188,842
747,313
936,155
39,933
39,933
39,933
119,159
159,092
**Total**
**2024**
**£**
989,385
989,385
**Total**
**2024**
**£**
1,452
1,452|**Total funds**
**2023**
**£**
928,120
47,968|
||||976,088
188,842
747,313|
||||936,155|
||||39,933|
||||39,933|
||||39,933
119,159|
||||159,092|
||||**Total**
**2023**
**£**
928,120|
||||928,120|
||||**Total**
**2023**
**£**
47,968|
||||47,968|
Page 13
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
## **Notes to the Accounts**
- 6 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
_Governance costs_
7
**Other expenditure**
Bank loan and overdraft
interest payable
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
8
**Net (expenditure)/income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
No employee received emoluments in excess of £60,000.|**Unrestricted**
**£**
356,936
356,936
**Unrestricted**
**£**
1,579
531
10,405
73,510
479,076
20,519
81,079
33,076
699,775
**2024**
**£**
20,519|**Total**
**2024**
**£**
356,936
356,936
**Total**
**2024**
**£**
1,579
531
10,405
73,510
479,076
20,519
81,079
33,076
699,775|**Total**
**2023**
**£**
188,842|
|---|---|---|---|
||||188,842|
||||**Total**
**2023**
**£**
10,405
781
-
121,477
481,320
26,163
80,398
26,769|
||||747,313|
||||**2023**
**£**
26,163|
Page 14
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Notes to the Accounts**
## 10 **Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Cost or revaluation**
At 1 January 2024
51,713
Additions
108,000
At 31 December 2024
159,713
**Depreciation and**
**impairment**
At 1 January 2024
32,856
Depreciation charge for the
year
4,714
At 31 December 2024
37,570
**Net book values**
At 31 December 2024
122,143
At 31 December 2023
18,857
11 **Debtors**
Other debtors
12 **Creditors:**
amounts falling due within one year
Bank loans and overdrafts
Other taxes and social security
Other creditors
13 **Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts|**Equipment**
**£**
114,621
1,766
116,387
42,911
14,342
57,253
59,134
71,710
**2024**
**£**
61,085
61,085
**2024**
**£**
15,339
8,295
138,715
162,349
**2024**
**£**
5,327
5,327|**Motor**
**vehicles**
**£**
45,810
-
45,810
21,101
6,177
27,278
18,532
24,709|**Total**
**£**
212,144
109,766|
|---|---|---|---|
||||321,910|
||||96,868
25,233|
||||122,101|
||||199,809|
||||115,276|
||||**2023**
**£**
61,085|
||||61,085|
||||**2023**
**£**
10,000
8,295
13,776|
||||32,071|
||||**2023**
**£**
15,327|
||||15,327|
Page 15
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Notes to the Accounts**
## 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 overdrafts
Bank loans
Net debt|**At 1 January**
**2024**
159,092
159,092|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
990,837
990,837
**At 1 January**
**2024**
**£**|**Resources**
**expended**
**£**
(1,056,711)
(1,056,711)
**Unrestricted**
**funds**
**£**
199,809
(101,264)
(5,327)
93,218
**Cash flows**
**£**|**At 31**
**December**
**2024**
**£**
93,218|
|---|---|---|---|---|
|||||93,218|
|||||**Total**
**£**
199,809
(101,264)
(5,327)|
|||||93,218|
|||||**At 31**
**December**
**2024**
**£**|
|||30,129|(30,129)|-|
|||-|(5,339)|(5,339)|
|||30,129
(25,327)
(25,327)
4,802|(35,468)
10,000
10,000
(25,468)|(5,339)
(15,327)|
|||||(15,327)|
|||||(20,666)|
||||||
|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 16
**THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE Detailed Statement of Financial Activities**
## **for the year ended 31 December 2024**
|**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
Bank loan and overdraft interest
payable
Employee costs
Staff training
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
General administrative costs,
including depreciation and
amortisation
Depreciation of Equipment
Depreciation of Motor vehicles
Equipment leasing and hire
charges
Equipment repairs and
maintenance|**Unrestricted**
**funds**
**2024**
**£**
989,385
989,385
1,452
1,452
990,837
356,936
356,936
356,936
1,579
531
2,110
10,405
10,405
18,964
54,546
73,510
443,948
12,197
22,931
479,076
14,342
6,177
-
26,999|**Total funds**
**2024**
**£**
989,385
989,385
1,452
1,452
990,837
356,936
356,936
356,936
1,579
531
2,110
10,405
10,405
18,964
54,546
73,510
443,948
12,197
22,931
479,076
14,342
6,177
-
26,999|**Total funds**
**2023**
**£**
928,120|
|---|---|---|---|
||||928,120|
||||47,968|
||||47,968|
||||976,088
188,842|
||||188,842|
||||188,842
10,405
781|
||||11,186|
||||-|
||||-|
||||30,327
91,150|
||||121,477|
||||477,206
411
3,703|
||||481,320|
||||17,927
8,236
7,869
4,714|
Page 17
## **THE REDEEMED PILLAR OF FIRE PRAYING MISSION WORLDWIDE**
## **Detailed Statement of Financial Activities**
|General insurances
Information and publications
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 (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|19,081
15,875
149
17,337
1,638
101,598
5,500
25,073
2,503
33,076
699,775
1,056,711
-
(65,874)
(65,874)
-
(65,874)
159,092
93,218|19,081
15,875
149
17,337
1,638
101,598
5,500
25,073
2,503
33,076
699,775
1,056,711
-
(65,874)
(65,874)
-
(65,874)
159,092
93,218|12,070
7,891
1,663
45,526
665|
|---|---|---|---|
||||106,561|
||||5,000
-
21,769|
||||26,769|
|||||
||||747,313|
||||936,155
-|
||||39,933|
||||39,933
-|
||||39,933|
||||119,159|
||||159,092|
Page 18