Charlty Number: 1190037 HIGH PRAISE CHAPEL TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HIGH PRAISE CHAPEL RoPOrt8 and Accounts Cont•nts Page A(Imlnlstralive Detalls Trustees Rewrt Independenl Examiner's report statement of Flnanci81 Aclivllles Statement of financlal posthn Notes to the Accounts 9-11
HIGH PRAISE CHAPEL ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES Board of Trusteès Simeon Yamoaha¥usu Stephen Okyere Pwthika De A5 Prlnclpal office addrèsB 91 Fryont Grov8 London United Kingdom NW9 7HE Accountsnts Nuam3 & Co Chartèreil Certifiad Accountants 102 Mil¢ham Lane London SW16 6NR Bankern Naknnal Westminister Bank Pk 250 8ishopgal8 London EC2M 4
HIGH PRAISE CHAPEL Report of Truste68 The tnjstees present their reFQrt and a¢UntS for the year end&1 31 December 2024 The Trustees have adopted the provi3ion8 of the Statement of Rewmmended Practice ISORPI "Accounting and Reporting by Charities IRevi8gd 20051 in preparing the annual report and linancwl statements of the ¢harity. Oblectlve of th¢ ¢harlty a• lald down by th• Tru•t D•8d The Core oble¢ts of th* ¢harty continue to be" To eslabllsh churches, ministries and community event8 To organise eonvenlions. conferences and seminars To carry out missijnary activities and To promoto ffjstivals, ce18biations and exhibitions. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS The Slaltrment of flnancSal acuvltles 18 8et out on pag6 7 of the finan¢i81 $¢atsments. A $nap8hot of the linan¢i81 r¢$vlls 1$ sat out below Ineom• G•n•ratlon The maln of Incom8 Is from dthes, oflerlngs and don8tlonB from members Inv•8tm•nt Poll¢y Al present the TIu81ee8 have deekled lo18ave all suWu8 fund8 in the account thelr prlndpal bankers Fundr•l¥lng Athltl The ch8rlty r¢li¢$ solely on contrfbutlons from Its members. The charfty does not employ any profesSn81 fur)rtr8islng bodl&s. RtrIct• Funds There are no restrict} funds operated by the charity. All lunds are avwlable for use at the dlscrelion of the Trustees.
HIGH PRAISE CHAPEL Re$orv•s Poll¢y The Trustees have decided to spend as mh money possible on fvrthering the core objects of the charity whilst maintaining 8ufficieni ¢ash fvnds to ensure sustainabifty th the charity. Reylew of chaiity activitie$ The charity has continued to undert8ke acbvitsès In Ilne wilh Its obièckn'ves and has sèen growth In glving to its work Govemane• and Int•mal Control Appointment of Trustees are done by the existing Tru$tsgs th ¢on$u5tstiDn of the view of the church members as to truStyrthIness e8ch person, Rl8k Assessment The Tru3te08 consLd¢r the key operational, financial and siategK TiSks that may have a te8rino on the 8etivi8s of the charity. suitab management Information ly avail8b to the Tfu$le8s on a regular basis to monitor Ihe8e risks and allow any mlllg81ing actlon to b& lgken to address them. Trust. Rrtpon¥lbllltl Charity law requires the Tru$iee$ lo prepare flnancial statements for each financial year whl¢h give true and fair view of Iho stAte ol affaiis of the ch8rity 8nd of its gfinan¢ial a¢tivilies for the yaer. In propirarlng tho8• flnanclal 8tatemontJ. tho Trutsto0• ar• rwLilr• to: I gel&ct suitable accounllng pollcies and apply them consistantty", 2 make judgernenls and estimates that a reaSonae and prudent., 3 State whether applicable accounting standards and stemenls ol re¢ommened pracllce have been l05low¥d, $ubJe¢t to any dop8rture$ dls¢bsed and explglned In the rinancial statements.. 4 pr8p8re the flnan¢ial stal•ments on the golng conc&m ba$18 unless11 is Inappropnal• to assurne th8t Ihe Char will contSnue In operatth. The Trustggs are r8pon$lbla for k8oping accounting and financial records which disclo wlth reasonable accuracy at any time the financial position of the eh¥rity and to enablè them to ensure that the financial ststements comply wlh the Charitles Acts 1993. They are also responsible for safeguading the aB6esls of the charity and hence for taking reasonable $lepB for the prevention and dele¢lion ol Iiuad or other Irrggularit*. The report was approved by tho Board on the 28 October 2025 and slgned on It8 beh8Vt by Mr SImn Yamoah-owus Trustsg Chairperson
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HIGH PRAISE CWEL I report on the accounts of Hlgh Pr8iSg Ch8p81 lor the y88r ended 31 D9mber 2024, arg set out below. Ro•pg¢tlv8 r98ponBlbllltl•B tsl tru8to•8 and •xamln•r A5 Ihe charitys trustee5 you ore re8pon81)lefc the prepafation ofthe accounts. yobj consthrthal Ihe audit requirement ol section 439121 of the charities Act 1993 (the Acll does not appty. 1118 my responsibility to state, on the basis of procodur¢? $pecified ol the Gener81 Directh)ns gSven by the Chartty Commisslonets gIn undw SeCtn 43171 Ib) of the Act8, whether p8rticul8r m8tters h8V8 ¢Lyne to my att¢ntson a1• of Ind•pendent •xAmln•r'• r•port My examinat w88 carfied out in accordan¢8 wAth Ihtr Ggneral Diro¢tion8 givon by tho Charity ¢tymmissbner8 An èxamlnAtlon includes the rev of accounting records kept by the cherity and a comparison of tha accounts presènted vrith hosts records It al80 in¢lud8s ¢on8ider8lion of any unusual itwty or di8ciosuw in Ih? BCCQUnt•, and 8eeking 8xplanalion$ from ytsu as Iru81g•s con¢ernlng any $u¢tt mattars. The pr<xodures undertaken do not provKle all the evidence that will be requir in an audll, and con8equ&nlly I do not èxp&$ an audrt opinion on vi•w giv8n by th• 8ccount8. Indopend•nt •xamln•r'• •t•t•m•nt In connection with my •xAmination, no matter hos com? lo my atlgnlion.. 11 Whlch gives m? rwon•blts cause to belleve that In any material re8pect the requlrements ol o keep accounting rerIS in 8¢cordanc• wlth $tIon 41 of the knt8. and o prepar¢ o¢eounts whlch accord th th• acttountlng roeord9 and to conwty vAth lh• accountlng requlrements of the H4ve not been met. 21 To whi¢h, In rny oplnlon, atlenllon should drawn In order to •n¥ble a prOr undèrstandlng of the a¢counl8 lo bè reached. DATE.. 28 Octob•r2025 Nu8m8 & C¢ Ch#rtwed Certtfiad Accounts 102 lthit¢ham L8n• London SW16 8NR
HIGH PRAISE CHAPEL STATEMENT OF FINANCIAL ACTIVITIES INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 31 DECEMBER 2024 UNRESTRICTED FUNDS 2024 2023 NOTE INCOMING RESOURCES TSlhe8, offering$ and Similar Income mourees 46,880 45,686 Grft Ald8 8,370 7,214 41 Intere81 re¢lv•bl• Other dif•cI ift¢om8 272 TOTAL INCOMING RESOUCES 03,598 83.213 RESOURCES EXPENDED Ch8rllabb actlvrtle8 48,590 1,400 GovemAnca eo8t8 1.s20 TOTAL RESOURCES EXPENDED 56,968 49,990 MOVEMENT IN TOTAL FiINDS FOR THE YEAR- NET INCOMEIEXPENDITUREI FOR THE YEAR {1.3701 3,223 TOTAL FUNDS AS Af 1 JANUARY 2024 9,505 6.2B2 TOTAL FUNDS AS AT 31 DECEMBER 2024 9.506
HIGH PRAISE CHAPEL STATEMENT OF FINANCIAL POSMON AS AT 31 D8cembor2024 2024 2023 FIXED ASSETS TANGIBLE FIXED A88ETS 2.550 1.923 1,923 CURRENT ASSETS D8pon8 and Cash 81 LIABILlEs Cre¢iknr8'. Amunl$ 14lllng dy• y••r N•t ¢urrgnt ¥sA•t• 7,582 TOTAL ASSETS LESS CURReNT UABILrnE8 8.135 9,505 CHARifY FUND8 Utuwlrfc•d 8.135 9.505 TOTAL FUP4DyDÈFICITSI 8.135 Wo Ippiove thei8 ac¢ountB whlch comprlB• Iha R•e•lpts & Payrn•nti. si41émon of A8Set• & L5atsUI1B Hn¢ rei41od nole¥. WB our retsponslbllrty lor tho accounts. Includlng the 8pproprlalone85 01 th• •¢¢ouniirvJ ••¢oul In no i. •TrJ lorpro¥ldln4 Ill Ihe •nd MtA*••ry for Ih•lr ¢0mpil•ln W12r202S $lm•on Y•moAh¥MUU ITruita•l On b•b•lf ol lh• ¢h•rtty
HIGH PRAISE CHAPEL Note¥ to thg A¢¢ounts for the year ended 31 D¢¢amr 2024 1 AGCOUNTING POLICIES Ba•h ofa¢¢ounthig Th6 financial 8t8tetement8 prwrad In ae¢ordance appli¢the GoUnting 8tandard6 uJlng the H¢slorwl Cost COVetion The ffinancol ststetemeThts rellect the m4uirement5 oftho revw staterrn1 of Recomm8nd8d Praclice'AccouAling for Charitles" ISORPI, The Ch8rfty comled wlth best practlce atthe Um• of prtparfng these 8ccwnts. Tanulbh Flxed A888ts All fixed a&8ets are c8pito118eLI. Th* ¢h8rge for depreclatron is calculated towrfte off the COBt of the fixed H5sel8 over their u6efvl live5 on the follwrya b058s.' Equlpm•nt 20% on tho reduclTr9 balance OENERAL These A¢¢ounts h8v¢ b8en prepared on Ihe rec8iPtS and paym8nl8 ba&8 and th Bccord8nc8 wfth gpplkabte AGC05JnUng StsaOrd& and tho Charltablo SORP. Islatwnont gf R8Mmended PTa¢¢lc• on Income Income 19 accounted for on arLnJ81s basls. except for dtsTrBtlons. are crethied when w8N8d Th&8e fepre8ent$ gffts. 4on&tron$, lithes. offerthgs. pledge$, Gwt Ald and Interest gIn tg the ChArJtabl• Oonallon8 & Glft• to Mh8lon• These repr88enl amounts given Io v8fiou8 Indlviduals, org8n1$8tk)n& and other ch•rltable IN•t8. Honorariurn lo vipillng #ptsskèrB and remillances for rnti$lon8ry woth. ExpondStur• All 6xpondlluM Is 8ccountsd lor on ¥n &¢crualB bails. Re8ourc•¥ exp8nd8d on ehadlable acil¥ltl88 compd88 all tha reUrtl ¥ppllèd by the ¢h•rlty In undarkallng ils work to meal 118 chariiablg obl•¢li¥¢s. The$e ¢osl$ include the direct cos1¥ 01 the chsrllable 8CtSYlltes wlh Ihose BUPPOrt cost8 Incurred th8t gnabb these acUvilie$ to b• undertaken. Expondllure on go¥em8ric• cos18 are Ihe cg&t& IncLKred by lh¢ ch8rfty to oper•t• and to 9eMrate the Infom?alion ¢equId for publE untabIlity. PLd& The charity8 fund¥ are unrèBlrtcted and af8 avaIlae lor u88 01 Ihe di$¢retbn olthe Bo¥d of TNstevo. Board 0fTnle08 RernuneTBUon and •xp•n89• No remuneration directty or Indirectly phid or pdydble oul of lh8 fund8 to 8ny of th? Trustee5 for their duties as trustees.
HIGH PRAISE CHAPEL Notes to the financial statements for tho year endod 31 December 2024 1 TANGIBLE FIXED ASSErs 2024 2023 COST At 01 January 2024 Additions 4,254 1.558 4,254 As 31 December 2024 5.812 4,254 DEPRECIATION At 01 January 2024 Charge for the year 2,331 932 1,711 620 As 31 December 2024 3,263 2,331 NET BOOK VALUE As 31 D8C8mber 2024 2,250 As 31 December 2023 1,923 2 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED RESOURCES EXPENDED FORWARD UnrestTicled funds General funds 9,505 9,505 1,370 8.135 55,598 55.598 56,968 56,968 9,505 io
HIGH PRAISE GHAPEL Detailed income and expenditure For the year ended 31 December 2024 2024 2023 Income Tlthes & offerlng and fundraSsiiig Interest receivable 47,170 58 45,958 41 Gtft aid 8,370 7,214 Total Income 56,598 53.213 Expenses Accountants fees Bank charges Bookkeeping Cleaning Depreciation Donations 720 600 52 20 Boo 800 11 932 620 2,500 3,272 4.562 Caterlng and 8ccial acivilies Equlpment hlra Information and publicatlons Insurance 5,773 374 275 1,652 701 Llghl and h$at Mlsslons 2,817 4,826 724 3,330 3.112 oth81 legal and prof Penslons 536 485 410 Rent 15,198 9.228 232 Repairs & malnlenance Statlonery and printing Sub5cription$ Sundry expenses Telephone and intemet Travgl and sybsistenco 295 1.175 226 760 268 1,061 8,264 13,700 2,182 3,463 12,000 Wages and salaries Totgl expendlture Surplusl{deficiti 1,373 3,223 Fund balance blfwd 9,505 8,13S Fund balancè clfwd