REGISTERED CHARITY NUMBEIL. 1191754 SANCTUARY OF PRAISK INTERNATIONAL MINISTRIES REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
.%A.X(.'I'IJAIIY ()1 lJElIll.Sl.. l.%'I I.,IINA'I'I(J.XAI..MI%IS'I 1111.% Fl NC STATEMENTS FOR THE YEAR ENDED31 MARCH 21)23 Page Report of tbe Truitets I to 3 lttdep¢thd¢ut Esamlwr'$ Report ststethefjt of Fl4•n¢l*l ActfvitieS Bllance She¢1 Iyolej to the Fln•ocknl StsteJBeTrts Detslted Stthkmettl fjf Fln•ntl•l A¢dvltl¢J
PORT OF THE TRUSTEES FOR THE YEAR ENDED JI MARCH 2023 The Board of Trustee4 who are the trustees for ¢hity law submit their annual Teport and the fmancial ststements of The As5¢mblie5 of God Back io G(Kl Tn]st for the year ended 31 March 2023. The Board of TTr u)nfums that the awiual r¢port and rmancÉal statements of the Charity compty with current stal0ry requirements. the requiremet)ts of the CFthrity's governing document and the provisions of the SMement of Recommended Prxtice {SORP)'A¢¢outtting and R¢wxting by Chariti (revid 2(K15)'. itructsre goverJLgnee and Man4ment e 3 Trustees are: . Daniel Karnara Dr Premini Balasekaran 3. Donald Thengele Th¢ TTU5tees play a primary roIe in ensuriDg 8( Bo¥ernKe and functioniDg of the fouDdth. The Bohrd's rol¢. fitionS and responsibilitie5 are quite clearty defmol. The Ctwity currently h&8 8 11¢81 team of Advis(ry tKvd m¢mbeTh in the UK who have helFvJ to secure fllwicial suppon and contribuie to the fvture p]anning of the organisatil. -overning documen Sanctuary of Prnise International Ministries Trs an unincorFrf)red tharitsble organis&ion Yegiknd as a Larity OD 12 (ktober2020. The charity is governed by a CIO document Tntst deed ded 12 (ktob¢r 2020. ecruitment and appointment of trustees: The m¢mbeT5 ofthe Generdl Tn Board are tr f(r the purww of ¢knity law. New trustees may ap)Intrd by resoluti( of a meeting of the trusiees. Much of th¢ charitys work fLXU5es uyjn the of the Chri1 r¢lIgI and the nything aDd m4int¢nanc¢ of its platts of worship. The General Tntstee Board se¢ks to ensure that the needs of this group are t]ted through the diversty of the trustee body. To cnhartce th¢ potential pool of trustw the charity h4 thTough selective Jvertistng and rtetWOTking with voluntary organizations active in the Secr. sought to identify those who would be willing to Etcome membcT5 of the charity and use their own experien¢¢ to assist the charity. sk Management We are committed to a Folicy of identifyin& monitoring and managing the risks tbat tlliBbt ther5ely affe the activities in which we are involved. In thtS ci)ntexL risk is defjned Is the ImentIal to fail io xhieve chariry objeriiv¢5 atKI for los& ftIal and reputational. inherent in the environm•]t in which we operate in the nattur of the underthken. The principal risk of the charity has been its dewdenc¢ on voh]ntary income. Tru5te¢s have iniliatrd various wKesS¢5 to mitigate such risL so that the charity has suffKieni reserve in the ev1 of therse condiiion(s). The tntee$ have also examined other Omi(1 atKI IMLsin¢ss risks which face and ¢fiErn that they have tsken sps miti84tr th¢ significant risks.
REPORT OF THE TRusfEES FOR THE PERIOD ENDED 31 MARCH 2023 ublic Benellt: The TnteeS have compliea with the duty tn Section 4 of the Charitie5 Art 2006 •nd have paid due rrg¥rd ty publi¢ benefit wheD preparing this rerort. The benefit provided io the public is consisnt with the aims of the charity fftn UK. )blectlves and actlvlde&' To 4dvon¢¢ thc Christian Faith thrgIul wai for the beD¢fi¢ of the pJbli¢. m4inty iNJi not exclusivety, thnNJgh the holding of prayer meelings and prayer camps. evangelical rnisston& cekbration of Teligious reivalS diStritrI18 I1rth and bToJwtin8 about Chri51ianity lo enlighten other5 about the Christian faith. ",Inanclal revlew: The largest ConthtiOft io the ch•ity for the ytsr cam¢ fm genernl offerings Thecknity has t¢8un its clwttsble ¥tivities from April 2020. Th¢ Charity Currently aims to designate the tirtal fund rtteived kss expenses for the mliti objeclive of the dwity. lans for future perlod&" The Charity plans to develop various fvndreising strategy io include m•Tketing. Besides rnS m•rketing Ind events, the chvity is aiming to a¢hi¢ve its iargets through securin8 donatio from willing individuals. A deveknpnent ix)ard may created to help include other avenues of this1n8 included in the yearty progrnnrne. 'tatement of Board of Trustees, responsSbllltles The Board of Tru5te¢s are resp)nsibk for prtparrn8 the Annul the financi•l Aatrments in with applicable law and United Kingdom Generally Acc¢pted A¢¢ounling PtiCe. Charity law applicable ¢harities in Eng]an&Wales rtquires the Board of TnL%S W pr¢pue financial ststem¢nts for each financial y¢ar which gives a true and foir view of the stale of affairs of the Clwity and of the swplu5 or deficff of th¢ Charity for that Feriod. preparin8 those fJnan¢ial $ements the knrd of Tn¢S bav¢: select 5Uitabl¢ accounting p)licies and applied them Made judgments and estimat&q that aT¢ r¢awnable Statrd wh¢th¢r applicable accounitng stsnd4rds have been folbrf SUbit w any Mr1 depwtsr¢s disclowj and explained in the fmancial sthtrme#ts' and Prepar¢d the fIr1claI statemet)ts on a 8(8 ¢onwn knis (unle5S it is inaF1XW lo prwume that the CharTrty will ¢ontinue in (Trperation). The Board of TNst¢es has overall responsibility for ensuring the Charity an apFKow systh of contro15, financial and otherwise. They are also responsible for keeping proper xcountin8 recoTth which di5c105e with re&80nable 8rcuracy at any lime the financial SItion of the Charity and enable them io ensure th¢ fin•¢iil 5tstements cthnply with the Charsties Aci 1993. They are a150 respoftsibl¢ for 5afeguardin8 the awts of the Charity arml hence for taking re&Mx4ble steps for the detethion and prevention of frnud and other irrr8ulariii¢s.
SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES REPORTOF THE TRusfEESFOR THE PFJUOD ENDED 31 MARCH 2023 The Board OrTnle¢S is responsible for the maiDleDanc¢ and iniegrily of the carpordtr aDd fjnancial iD(otmation. 14ksl#tion itt the United Kingdom 8overnin8 prcparntion at)d diEwninaiion of fiD#neial stste4Dents mtydiffer from le8islation itt other jurisdictions. Statemcnt of di5clostsrc ofinfomts0ts lo independent aMiner W& as the Trnsiees of the Chortty who held otTK¢ at the dat¢ ofapprovaiof these fmatte1 st8*ments As set outots PAge 2 uch confirni, so far os we 9re aware. that: Ther¢ is tto relevant inf0mtion ofwhith the a18 examirun1W4re. and weknave tak¢rt all the sttps thatwe ougiit to luve taken as Tn1¢ in ordcr to mak¢ ourselY¢s aware of any relevant inf0mtIOn and to estsblish that the chariils independent uaminer is aw¢ of that iDforn)ation. Independent Examiner. Th¢ Charitys Indep]ent ¢xaminer. NF Financial sOtiOns Ltd Clo GcK)d to Give L. indi¢ated their willingnw to offer Ihtmselves for appointmenL This reportwas ipprnv¢d by the Tnle¢S on •nd 8i8ttd on theirbeh&lf ly. JATrJi&L 14frrf84 Ngme ofthe Trllee Date: l £-03-2+ Page 3
INDEPENDENT EXAMINE MINISTRI REPORT TO TH RUSTEES UARY OF PRAISE IrrtERNATIONAL I retK)rt to the charity tThtee8 on my ex8rnination of the accounts of Sanctuary of Prnise International Ministries {theTnt) for the year ended 31 March 2023. Responsibilities and basis of rew>rt As th¢ charity lnteeS of the TTrt. you are resp)nsible for the preparation of the accounts in accordance with the requirements ofthe Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out myexaminalion I have followed ail applicablc Directions given by the Charity Commission under section145(5Xb) of the Act. JDdependent eiaminer's statement I have completed my examinatton. I coftfimi that no material matters have come to my attentton in connection with the examination8iving me cause to believe thal in any malerial respecl: accounting records were not kept in respect of the Trnst as required by section 130 of the Acl; or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concerning the forni and ¢ontent of accounts set out in the Charities (Accounts and RepK)rts) Regulations 2008 other than any requirem¢nt that the accounts give a lTh and fair view which is not a matter considcTed as part of an independent examination. I have no concerns and have come across no other matters in comiection with the examination to which attention should be drawn inthis report in OTd¢r to enable a proper understsnding of the accounts to be reached. B K A C S Rodrigo ( Bsc Accountancy, MBA, ACASL, FFAIFIPA ) Direclor NF Financial Solutions Ltd CIO Good to Give Ltd The Retreat, 406 Roding Lan¢ South Woodford Green, Essex IG8 8EY Date . 19 March 2024 Page4
STAT MEPiT OF FINANCIAL ACTIVITILS ENDED MARCH 2023 2022 Unrestricied FuThd FWKI INCOME 9.831 IlJ99 Total 9031 EXPF.NDITURF. CTrwi¢able K¢ivities Governance Co 10.168 810 17,021 Totsl IQ978 17J61 NET INCOMFJ(EXPENDITURE) (1,147) (62 Tothl funds f(rn (6262) TOTAL FUNDS CARRIED FORWARD
SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES BALANCE SHEET AS AT 31 MARCH 2023 2023 222 Unrestricted Fund Unrtstricted Fund Noies FIXED ASSETS Tan8tblc assets CURRENT ASSETS Prepiyments and Other Debiors Cash aibank 1.763 1.763 CREDITORS Aniounts lJlling due within pr (8,231) (8.026) NET CURR AssErs 17AQ9) (0.202) NET ASSETS 09) (62) FUNDS Unreslrlcted Fund CIF (7,409) (6262) Thc financial stalemcnts w¢r¢ approved by the BoaTd of Tnk8tees and authorised for issue and were signed onits (Name oftheTnthee) Trustee JAfyJltT Da*: 12-03• Pa8e
SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES OTES TO THE FIN.4NC.1.4L STA TEMEliTS FI)R THE YE4R EYDLD31 MARCH 2(ILI ACCOUNTING POLICIES Basil of preprSAg the f¢11 stleffjMts ThL finarhLkal slalLfiK'nts of ihc LhaTily. whilh is a blIC t&Yxfit cntiry undcr FRS 102. havc Prlryyar in ycwrdanL¥ with thc C'hari¢ic% SC)RP (FR% 1021'A¢counting and RqIng by Charities.. Stsicmcnt of Rc£omTncndcd PracliLC 8pplicuhlL t() ¢hariti¢% prwng their accounts in acurd8TKe with the Fit)8Kial R¢pMing Srandard applicable in the UK and RLpubliL (Trf Ircland IFRS 1021 IcffLLtiVe l January 2019}'. Financial Rcw)ning Sard 10) Thc Trinancial RcFKJrting sndard appliLablc in Ihc UK and Rcwblic Ofirelal. aj th¢ Cthiiies Ali 2011. Tr finwKial have ert preparL undcr Ihc hi%tOriLal cost convcntion. All inLomc is recognilj in th Sthmeni ofFIna1 Aciiviiics once the ¢h•rity Ims entiilcmcni to thc fim¢k. il is probabl¢ thai the incomc will bc reccivcd and the an¢ can be rclia>ly. b'xpenditure LidbililLL% afL reL0¥niV &% expendiiuTe as s(x)n os thu¢ is a legal or mtruthive vblikvalion Lommitting the ¥hariiy 10 that LxpLndi1u. 11 is prt)trtrablc thal a trdnsfcr of ccunomic IKncfits will requirtyj in id1lemLl and th¥ amount of thL obli&raiion Lun k. mL&surcd reliably. :xndli1C 1$ aciuunied for on an accruals b&%is aNI has b¢cn Llas'%ified undcr hLadinbT% ih¥t regalc all Losi Telaled Iij th¢ caiegory. wk.re ¢VSL% unnoi directly attribuied to particular h¢adinu%. IheyhJve b¢¢n &llocaied to activitics on a basis consistent with the use of resourcei. I h¥ ihdnly Is cxempt from IAX QO its ¢h•rithbk xiivitie& 'und reounting UnTL%inLl¢d ian used in 8¢wro with lh¢ (lnbIC thjc£tiv¢s at the dirlI0 of the tru¢¢& RisiriLi¢d funds can only b¢ uyd for partKular rcs¢rictcd puryjov. M'ithin the objects ofthe Charity. RestriLliorLS ari%¢ hLn speLifJ¢¢J by thc donoror whcn fund% are Tald for paniLular r¢stri¢icd pur5£S. Furthcr cxplanalion of the puryM)sc of each fund 15 Ild ia not¢5 to the finan¢ial sthtrmettts. TRU%TEkS' REMUNERATIOI AliD BENETrITS There were no trustees. remuneration OT other benefits for the year eNJed J l mSh 2023. J C.R:DITORS: AMOUYTS FALLING DUE WITIIIli OliE YEAR 2023 2022 Olher Creditors Ac¢rued Expen5e51 Gotyj Give ) 6.796 1.435 6.74)6 1.230 &231 8.026 Page 7
SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES DETAILED STATEMENT OF FIANCIAL ACTIVITIESFOR THE YEAR ENDED 31 MARCH 2023 2022 INC()ME AND ENDOWMENTS l)on*tion5 8nd le%•cie5 orftring and )natiOn% Tithes and Thanksgiving 1.51)9 HMRL-Gifl Aid - Chariiy 9.831 11.599 I.F.SS: F.XPENDITURE L'haiilablL D()lI(n5 110spildliiy WLllar¥ RLni MisLLllanLOUS ALciiunlanLy 2.61W 744 2.957 2.2111 6.749 3,859 810 5.42% X4U 10,168 17.1161 Nel {ExpendlireFIntoffje 11.1471 {6.2021 Thss pagc does not torm part of th¢ slatutory finanLial 5talemcnts Page 8