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2025-03-31-accounts

Registered Charity No - 1191754

SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES

Trustees’ Report and Accounts for the year ending 31 March 2025

CONTENTS PAGE
Legal and Administrative Details 2
Trustees' Report 3
Independent Examiners’ Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9
Detailed Statement of Financial Activities 11

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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Daniel Kamara (Chair) Stephen Arhin Nora Roxana Gonzalez Charity registered Number 1191754 Date of charitable registration 12[th] October 2020 Principal office Trowbridge Community Centre 91 Caernarvon Trowbridge Cardiff CF3 1RU Independent examiners Assurance Accountancy Ltd Bankers NatWest Bank

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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Sanctuary of Praise International Ministries the year ended 31 March 2025. The Board of Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005)'.

Structure, governance and management

The 3 Trustees are:

Daniel Kamara (Chair) Stephen Arhin Nora Roxana Gonzalez

The Trustees play a primary role in ensuring good governance and functioning of the charity. The Board’s role, functions and responsibilities are quite clearly defined.

The Charity currently has a strong team of Advisory Board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.

Governing document:

Sanctuary of Praise International Ministries is an unincorporated charitable organisation registered as a charity on 12 October 2020. The charity is governed by a CIO document Trust deed dated 12 October 2020

Recruitment and appointment of trustees:

The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.

Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship

The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.

Risk Management

We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputation, inherent in the environment in which we operate in the nature of the transactions undertaken. The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the

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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

event of adverse condition(s).

The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.

Public Benefit:

The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.

Objectives and activities:

To advance the Christian Faith throughout Wales for the benefit of the public, mainly but not exclusively, through the holding of prayer meetings and prayer camps, evangelical missions, celebration of religious festivals, distributing literature and broadcasting about Christianity to enlighten others about the Christian faith.

Plans for Future Developments:

The Charity plans to develop various fundraising strategies to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly program.

Financial review:

The largest contribution to the charity for the year came from general offerings. The charity has begun its charitable activities from April 2020.

The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.

Statement of Board of Trustees’ responsibilities:

The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:

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TRUSTF.F.S' RV.PORT F<)R THE YEAR ENDED 31 MARCH 2V25 Selecied suitable accnT]iiting w)lici&s and apijlied them C4TlSi.%tently.. Made judgm¢nis aod esti]Dates tI￿t are i¢asoDable aud pi'lld￿t, Stated i¥"IietliEL- applirable accountiug Sta￿ddI.￿S bave beejj follo1v￿1. subiect to any materidl d¥partutty disLlosed aid ￿Xpl￿¥d tll tli¥ titTraULial titateniviits.. PIEP(￿e￿ the finaiLcial 51atenietitS On d goiiig coiicerD busis lujdess it IS illdPPtopriatE to pl.e5L￿1¥ that the Cljcility will Lolltillue opttiztLOliI. Thc Bnard ofTruslcas h&s tsverall rcg)o*.si1)TIiLy r(>r cr%uring Ih8( the Charily h&% an appn)PTiaic .￿Y￿teM nf contr(Jl.%, tinancikt ar]d ()Iherwise. They aTe al%n rc.spoiiiible fnr kcepTng proper aEcnuni7ng I¢LrJtds". di.sclnse iyiih rca%onabl¢ ac£uracy & any lime Ihtt financial pn.4Tiinn orth¢ Lharity 8nd cnablc thcm ensure thdt tlLe fioallcidl blat￿￿ell￿ couwly with thr Charities Act 199J. They a"E dtso respunsible fui" saf#LFuatdinLT tlie assets uf the Charity rfuid h#nLY for takJ"llbT reasouable steps for the detCLtiOll alld prcvcniion of liaud a17d oihcr irrcgulariiics. TIJe Buard of Trubteeb is f￿￿pu￿3]ble for the ii?aint¢nAoLe and inte￿Ity uf the Lorwrattr fiJ]allcial ititormatiun. LL'dslatioll ill thL LnitL(l Kiagy(Ivm &UVLliiiJ]bl tiJL pLpaTrtion an(1 (lj&8cmillati￿ll Ut. rinan¢ial S￿lemcnLS may dirrcr li'om l¢gis1￿l0n in Olher jurisdiciions. Statcmcllt of disclosurc of information to indcpendcnt ey4millcr Hrc, &% the Trus(c¢s ofthc Chariiy who hcld oific¢ al Ihc dalc ofapproval ofihc$c financial slai¢m¢ns as set out page 2 eath co1￿￿t￿. so far ab Ive dre aware. that.. There is nv Televdnt tnf01u￿tiOQ uf which the Cbaritys independcnt eXaEllt￿ are uDawai's', aDLI M e JMi'¢ takeii all the steps thai we ought to have takell ats Trnstees in order to lljake ou'selves awar uf %Uly I'd¢vai)t illtomutsun amd to est¢ibh"5h th41 the Lh&￿IlY'S uideprJ]dttllt tr.Xtillw)er is aw&Y ot Iliai ii?forniaiion. lttdipLttdi'nt ExaminLr: Thc Chariiys indcpcndcnt c¥amin¢r, Mohammcd Abuthhw.. AA T ofAssuranec Ac¢oun&ncy Lté h(IVe illdtcdted thett wiLLiwiess tu off￿. tl)em5elves foi. dppuiOtme￿t. This rcporL ivas approvcd bv ihc Trusiecs on and signed on their bchaifby.. Slgnatui'e...

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MARCH 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SANCTUARY OF PRAISE INTERNATIONAL MINISTRIES

I report on the financial statements of the charity for the year ended 31 March 2025 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.

This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.

Respective Responsibilities of Trustees and Examiner

The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Signed: Dated: 04/03/2026

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On behalf of Assurance Accountanc� Ltd

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STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
Total Funds
Total Funds
Notes
£
£
£
£
Incoming resources
Donations
-
Other Income
-
Total Incoming resources
0
Resources expended
Direct charitable expenditure
-
Governance costs
-
Total Resources expended
0
Movement in total fund for the
year- Net income /
(expenditure) For the year
0
Fund balance brought forward
0
Fund balance carried forward
0
130
1,185
2024
19,331
19,461
9,576
2,167
8,700
9,885
140
2025
6,207
455
6,522
6,662
2025
140
2025
6,207
455
2,622
2,167
6,522
6,662
-7,409
2,622
5,157
1,050
2,167
5,157
1,050		 Unrestricted
Restricted
Total Funds
Total Funds
Notes
£
£
£
£
Incoming resources
Donations
-
Other Income
-
Total Incoming resources
0
Resources expended
Direct charitable expenditure
-
Governance costs
-
Total Resources expended
0
Movement in total fund for the
year- Net income /
(expenditure) For the year
0
Fund balance brought forward
0
Fund balance carried forward
0
130
1,185
2024
19,331
19,461
9,576
2,167
8,700
9,885
140
2025
6,207
455
6,522
6,662
2025
140
2025
6,207
455
2,622
2,167
6,522
6,662
-7,409
2,622
5,157
1,050
2,167
5,157
1,050		 Unrestricted
Restricted
Total Funds
Total Funds
Notes
£
£
£
£
Incoming resources
Donations
-
Other Income
-
Total Incoming resources
0
Resources expended
Direct charitable expenditure
-
Governance costs
-
Total Resources expended
0
Movement in total fund for the
year- Net income /
(expenditure) For the year
0
Fund balance brought forward
0
Fund balance carried forward
0
130
1,185
2024
19,331
19,461
9,576
2,167
8,700
9,885
140
2025
6,207
455
6,522
6,662
2025
140
2025
6,207
455
2,622
2,167
6,522
6,662
-7,409
2,622
5,157
1,050
2,167
5,157
1,050
Notes
Incoming resources
Donations
Other Income
Total Incoming resources
Resources expended
Direct charitable expenditure
Governance costs
Total Resources expended
Movement in total fund for the
year- Net income /
(expenditure) For the year
Fund balance brought forward
Fund balance carried forward		 Unrestricted
Restricted
Total Funds
Total Funds
£
£
£
£
-
-
130
2024
19,331
140
2025
6,522
2025
140
2025
6,522
0
19,461
6,662
6,662
-
-
1,185
8,700
5,157
1,050
5,157
1,050
0
9,885
6,207
6,207
0
0
0
9,576
2,167
455
455
2,622
2,167
-7,409
2,622
2,167

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IIAY.ANCF. STfF,F.T AS AT 31 MARCH 21125 2025 21124 FIXED htsSEtS TawbJe assets NUIL CURR Tr'NI'A.SSV.I'S fA%h atb8nk fi67 looo 2,167 L168 3.272 CREDITO￿." atTr)ilUL% faUitiÈ dite on¢ year T.T fiJRRT.11 ASSF.TS 2,622 2.167 T A%SLYS 2.022 2.167 CJLUUTYFLT41J5 Lwesiiicied (l￿dS kesivraed l￿d% 2.622 1167 -JYxi'AI. vtINIXS 2.622 The financial &tatemenLs Mrre Appmired hy the TTUSte<% and signed on their behalf, by= 2,167 Name Sign*tur 'I'he t￿te5 on pages 9- 1 l ftinn part of the.se financia] staternettls 81P3ge

NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

1.2 Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.3 Incoming resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds; it is probable that the income will be received and the amount can be measured reliably.

1.4 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

1.5

Taxation

The charity is exempt from tax on its charitable activities.

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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 (Continued)

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025.

3. VOLUNTARY INCOME

Other Creditors
Total
Accrued Expenses (Assurance Accountancy Ltd)		 £
0
650
650
2025		 £
2024
0
0
0

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Donations and Legacies:
Offering and Donations
Tithes and Thanksgiving
Gift Aid
Total
LESS EXPENDITURE
Charitable Donations
Hospitality Welfare
Rent
Miscellaneous
Accountancy
Total
Net (Expenditure/Income)		 £
0
£
140
2025
2025
740
1,565
0
2,852
1,050
6,207
455
6,522
6,662		 £
0
130
2024
19,331
19,461
£
1,563
1,185
2024
1,678
1,424
4,035
9,885
9,576

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