OpenCharities

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

2023-07-31-accounts

HOLINESS REVIVAL MOVEMENT WOLRDWIDE EUROPE (HOREMOW EUROPE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] JULY 2023

REGISTERED CHARITY NUMBER 1194619

HOLINESS REVIVAL MOVEMENT WOLRDWIDE EUROPE (HOREMOW EUROPE)

Charity Number 1194619

Pages

Contents of the financial statements

For the year ended July 2023

Report of the Trustees 3 to 4

External Examiners 5

Statement of Financial Activities 6

Statement of Financial Position 7

Notes to the Accounts 8 to 9

Detailed statement of activities 10

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619

Report of the Trustees for the year ended 31st July 2023

The Trustees present their report with the financial statements of the charity for the year ended 31st July 2023, in accordance with the provisions of the Statement of Recommended Practice (SORP, FRS 102) Accounting for Reporting by Charities issued 2015. The financial statements comply with Charities Act (2011), the articles of association and accounting and reporting by charities in the United Kingdom.

AMINISTRATIVE DETAILS

13 Weavers close.

Bulkington, Bedworth

Warwickshire

CV12 9NS

MEMBERS OF THE TRUSTEE

Pastor Bright Chimezie (Chairman)

Sister Magreth Ighomuaye (Member)

Brother Amaechi Godwin Morah (Member)

Sister Marie Kamara (Member)

Secretary

Nathan Anugwa

Independent Examiner

Chima. B. Anyanwu MBA, M.Sc., AFA, MIPA, AAIA

C & C Accountants

No. 4 Wentworth Avenue Gorton, Manchester. M18 8RD

Bankers

THE NATIONALWESTMINISTER BANK 250 BISHOPSGATE LONDON EC2M 4AA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is an incorporated organisation governed by trust deed and authorised to operate within The United Kingdom. The new Trustees are appointed by the existing Trustees (after praying and being directed by the Holy Ghost) and based on the expertise in addition to Christian Ministry, legal, health and commercial skills.

The Trustee is accountable to the Charity Commission in the United Kingdom for the careful use of the Charitable and other public funds, received for the achievement of appropriate performance standards in the service delivery.

The Trustees meet on monthly basis or as the need arises, to oversee the visions of the charity and discuss strategies in furtherance of the Charity’s objectives.

Every session in the meeting is documented by the Trustee secretary for record purposes. As the church grows, so are the activities of the Trustee and the expenses required. The Trustee members are currently not paid however, things might change in future.

PUBLIC BENEFIT

The Trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding the activities undertaken by the charity (HOREMOW) in the year. The Trustees are satisfied that the information provided in the reports and account meets the public benefit reporting requirements.

ACHIEVEMENTS AND PERFORMANCE

2.We organised a widely attended marriage and counselling session for families.

4.We distributed Bibles and other instructional manual to members and visitors during the conferences and outreach programmes.

  1. Leadership training were regularly organised for unit leaders, including training on Artificial Intelligence for the Youth and other interested members.

  2. Campground was purchased, renovated, and furnished. This project is still in progress in Torino Italy. It is available for use by the EU and UK nations.

  3. Biblical Literature and manuals were translated and printed in Romanian and other European languages for effective evangelistic programmes.

  4. Ministers, Unit leaders and some members attended the global conference at Abuja Nigeria, in July.

Planned Projects

1. A Campground for England fellowship centres

  1. More training for Leaders and members on identifiable risks such as financial fraud, money laundering, human trafficking etc.

  2. Acquisition of a central office in London for accessibility.

  3. Attendance of our global conference to be held in Nigeria for members, later in the year.

Risk Management

The trustees have a duty to identify and review where necessary, the risks to which the charity is exposed. It is their responsibility to ensure that appropriate controls are in place and to provide reasonable assurance against fraud, mistakes, and error, all the time.

OBJECTIVES AND ACTIVITIES

The main objectives of the charity are for:

  1. The advancement of the Christian Faith through the preaching of the word of God as written in the Holy Bible.

  2. Providing relief to people in need especially members suffering hardship, distress. including persecutions due to their Christian faith.

  3. As approved by the trustee, the church might advance to educational needs and charitable activities within and outside the United Kingdom.

  4. Assisting members in financial difficulties, and spiritual needs.

STATEMENTS OF FAITH

We believe in God the Father Almighty, creator of Heaven and Earth. We believe in Jesus Christ, his only son, our Lord, and Saviour. He was conceived by the power of Holy Spirit and was born of the virgin Mary.

We believe he suffered under Pontius Pilate, was crucified, and died for the remission of our sins.

We believe he descended to hell and rose again on the third day.

We believe he ascended into Heaven and is seated at the righthand side of the Father. We believe he will come again to judge the living and the dead.

We believe in the Holy Spirit and the Holy Church of God, with the communion of the Saints, the forgiveness of sins, the resurrection of the body, and the life everlasting. Amen.

Significant Activities

During the year 2023, the charity conducted weekly services, Evangelical outreaches and conferences aimed at meeting the objectives of the organisation.

The services were rendered to our members and the public, including children, young people, and the elderly within the community.

NOTE:

During the last 2 years, the charity commission received complaint of misogynistic views from some newspapers against the HOREMOW EUROPE. The Commission looked at the issues, offered advice and closed the case.

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE

Charity Number 1194619

Report of the Trustees for the year ended 31st, July 2023

STATEMENT OF THE TRUSTEES

The trustees are responsible for preparing the report of the Trustees and the financial statements in accordance with applicable laws in the country, as stipulated in the Accounting Standards. (United Kingdom Generally Accepted Accounting Practice).

The law applcable to charities in England and Wales, The Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the proivisions of the trust deed which required the trustees to prepare financial statements for each financial year

which give a true and fair view of the state of affiars of the organisation's incoming and application of resources, including the income and expenditure, of the charity for the period.

In preparing the statements, the trustees are required to :

Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charity as per SORP guidelines.

Make judgements and estimates that are reasonable and prudent.

Prepare the financial statements on going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for the keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to be ensuring that the financial statements comply with the Charities Act, 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.

They 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 trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's websites. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in another jurisdiction.

ON BEHALF OF THE BOARD

…………………………………………………………………………………..

Trustee

Date 31/12/2023

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619

Independent Examiner's Report to the Board of

Trustees

I report on the accounts for the year ended 31st July 2023 as set out in pages six to nine.

Respective responsibilities of the trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

The Charity's trustees consider that an audit is not required for this year (under Section 144(2) of the charities Act, 2011 (the 2011 Act) and that an independent examination is required.

It is my responsibility to:

examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and

to state whether matters have come to my attention .

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity in its post registration reports.

It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the 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 statements below.

Independent examiner's statement

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

(A) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 130 of the 2011 Act and

to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met, or

(B) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached

Chima.B.Anyanwu MBA, M.Sc, AFA, MIPA, AAIA

C & C Accountax Ltd

No 4 Wentworth Avenue

Gorton

Manchester. M18 8RD

Date……31/12/2023

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE

Charity Number 1194619

Statement of Financial Activities for the year ended 31st July, 2023 2023 2022 £ £ Notes Total Total FUNDING RECEIVED Funds Funds Donations , Tithes and Offerings 111,372.00 420,106.00

EXPENDITURE OUT OF FUNDING RECEIVED IN THE YEAR

Cost of generating voluntary funds
2
Charitable Activities
Support Costs
Governing Costs
Total Deductions and Expenditure in the year
Excess of Funds over Expenditure		 74,923.00
10,065.00
11,247.00		 659,088.00
28,178.00
28,680.00
715,946.00
96,235.00
715,946.00
15,137.00
295,840.00
-
96,235.00

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE

Charity Number 1194619

The Statement of Financial position As at 31st July 2023

Notes
NON-CURRENT ASSETS
Tangible Assets
4
CURRENT ASSETS
Cash at hand and Bank
NET CURRENT ASSETS
CURRENT LIABILITIES
TOTAL CURRENT ASSETS LESS CURRENT LIAB.
NET VALUE OF ASSETS
FUNDS
Accumulated funds for camp grounds project
TOTAL FUNDS		 Unrestricted
Funds
£
101,232.00
2,500.00		 2023
Total
£
468,670.00
98,732.00
567,402.00
567,402.00
567,402.00		 2022
Total
£
22,788.00
101,771.00
124,559.00
124,559.00
124,599.00
124,559.00

Approved by the Board of trustees on ……31/12/2023

Pastor Bright Chimezie For the Trustees

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619

Notes to the financial statements for the year ended 31st July 2023

ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost conventions and in accordance with the

Financial reporting Standards for the Smallest Entities (Effective April 2008) the companies Act, 2011 and the requirements of the SORP by Charities

Incoming Resources

All incoming resources are included on the Statements of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income received within this period came from voluntary donations in form of Tithes and offering from members of the church.

Resources Spent

Expenditure is accounted for on cash basis and has been classified under the headings that aggregate all costs related to the category .

Where an expense could not be attributed to a particular heading, they were allocated to activities on a basis consistent with the use of resources.

Tangible Assets

Depreciation is provided for at the underlisted rates, in other to write off each asset over its estimated useful life.

Motor Vehicles 20% per annum

Office Equipment 25% per annum

Taxation

The charity is exempt from tax on its charitable activities.

Funds Accounting

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

Restricted Funds

Restricted funds can only be used for the specified restricted purposes within the objectives of the charity.

Restricted funds arise when specified by the donor or when funds are raised for particular or specified purpose.

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

2 COSTS OF GENERATING FUNDS WITHIN THE YEAR

2023

Support Costs

3 TRUSTEES REMUNERATION AND BENEFITS

No trustee member received remuneration or benefits. Members served as volunteers throughout the year and have agreed to continue.

Trustees Expenses

None was either incurred or paid in the year ended 31 July 2023

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619

|Detailed Statement of Financial Activities
for the year ended 31st July 2023
2023
2023
2022
2022
Funding Received
TOTAL
£
£
£
£
Proceeds from Books and Products
5,500.00
14,579.00
Tithes and Ofering
26,782.00
54,438.00
Contributions for Conference
13,025.00
97,723.00
Donations
50,787.00
173,387.00
EU Camp Ground
15,278.00
79,979.00
Total Incoming Funds
111,372.00
420,106.00
111,372.00
420,106.00
RESOURCES SPENT
Charitable Activities
Evangelistic activities, travels, accomodation etc
74,923.00
131,085.00
528,003.00
_<br>**_74,923.00_**<br>_659,088.00_<br>_659,088.00_<br>**_Support Costs_**<br>_Travels, transport and Car Maintenance_<br>_878.00_<br>_9,228.00_<br>_Welfare and support_<br>_9,187.00_<br>_19,452.00_<br>**_10,065.00_**<br>**_28,680.00_**<br>_28,680.00_<br>**_Governing Costs_**<br>_Insurance_<br>390.00<br>_8,622.00_<br>_Rent_<br>_4,245.00_<br>_3,750.00_<br>_Car repairs_<br>_1,798.00_<br>_6,056.00_<br>_Others_<br>_1,180.00_<br>_4,078.00_<br>_Car running costs_<br>_3,634.00_<br>_5,672.00_<br>**_11,247.00_**<br>_28,178.00_<br>_28,178.00_<br>_Total Resources Spent_<br>**_96,235.00_**<br>_715,946.00_<br>**_Excess of Funds Received over Resources Spent in the year_**<br>**_15,137.00_**<br>_295,840.00_<br>_-_|_Detailed Statement of Financial Activities_<br>_for the year ended 31st July 2023_<br>**_2023_**<br>**_2023_**<br>**_2022_**<br>**_2022_**<br>**_Funding Received_**<br>**_TOTAL_**<br>**_£_**<br>**_£_**<br>**_£_**<br>**_£_**<br>_Proceeds from Books and Products_<br>_5,500.00_<br>_14,579.00_<br>_Tithes and Ofering_<br>_26,782.00_<br>_54,438.00_<br>_Contributions for Conference_<br>_13,025.00_<br>_97,723.00_<br>_Donations_<br>_50,787.00_<br>_173,387.00_<br>_EU Camp Ground_<br>_15,278.00_<br>_79,979.00_<br>**_Total Incoming Funds_**<br>**_111,372.00_**<br>_420,106.00_<br>_111,372.00_<br>_420,106.00_<br>**_RESOURCES SPENT_**<br>**_Charitable Activities_**<br>_Evangelistic activities, travels, accomodation etc_<br>_74,923.00_<br>_131,085.00_<br>_528,003.00_<br>_
74,923.00
659,088.00
659,088.00
Support Costs
Travels, transport and Car Maintenance
878.00
9,228.00
Welfare and support
9,187.00
19,452.00
10,065.00
28,680.00
28,680.00
Governing Costs
Insurance
390.00
8,622.00
Rent
4,245.00
3,750.00
Car repairs
1,798.00
6,056.00
Others
1,180.00
4,078.00
Car running costs
3,634.00
5,672.00
11,247.00
28,178.00
28,178.00
Total Resources Spent
96,235.00
715,946.00
Excess of Funds Received over Resources Spent in the year
15,137.00
295,840.00
-|Detailed Statement of Financial Activities
for the year ended 31st July 2023
2023
2023
2022
2022
Funding Received
TOTAL
£
£
£
£
Proceeds from Books and Products
5,500.00
14,579.00
Tithes and Ofering
26,782.00
54,438.00
Contributions for Conference
13,025.00
97,723.00
Donations
50,787.00
173,387.00
EU Camp Ground
15,278.00
79,979.00
Total Incoming Funds
111,372.00
420,106.00
111,372.00
420,106.00
RESOURCES SPENT
Charitable Activities
Evangelistic activities, travels, accomodation etc
74,923.00
131,085.00
528,003.00
_<br>**_74,923.00_**<br>_659,088.00_<br>_659,088.00_<br>**_Support Costs_**<br>_Travels, transport and Car Maintenance_<br>_878.00_<br>_9,228.00_<br>_Welfare and support_<br>_9,187.00_<br>_19,452.00_<br>**_10,065.00_**<br>**_28,680.00_**<br>_28,680.00_<br>**_Governing Costs_**<br>_Insurance_<br>390.00<br>_8,622.00_<br>_Rent_<br>_4,245.00_<br>_3,750.00_<br>_Car repairs_<br>_1,798.00_<br>_6,056.00_<br>_Others_<br>_1,180.00_<br>_4,078.00_<br>_Car running costs_<br>_3,634.00_<br>_5,672.00_<br>**_11,247.00_**<br>_28,178.00_<br>_28,178.00_<br>_Total Resources Spent_<br>**_96,235.00_**<br>_715,946.00_<br>**_Excess of Funds Received over Resources Spent in the year_**<br>**_15,137.00_**<br>_295,840.00_<br>_-_|_Detailed Statement of Financial Activities_<br>_for the year ended 31st July 2023_<br>**_2023_**<br>**_2023_**<br>**_2022_**<br>**_2022_**<br>**_Funding Received_**<br>**_TOTAL_**<br>**_£_**<br>**_£_**<br>**_£_**<br>**_£_**<br>_Proceeds from Books and Products_<br>_5,500.00_<br>_14,579.00_<br>_Tithes and Ofering_<br>_26,782.00_<br>_54,438.00_<br>_Contributions for Conference_<br>_13,025.00_<br>_97,723.00_<br>_Donations_<br>_50,787.00_<br>_173,387.00_<br>_EU Camp Ground_<br>_15,278.00_<br>_79,979.00_<br>**_Total Incoming Funds_**<br>**_111,372.00_**<br>_420,106.00_<br>_111,372.00_<br>_420,106.00_<br>**_RESOURCES SPENT_**<br>**_Charitable Activities_**<br>_Evangelistic activities, travels, accomodation etc_<br>_74,923.00_<br>_131,085.00_<br>_528,003.00_<br>_
74,923.00
659,088.00
659,088.00
Support Costs
Travels, transport and Car Maintenance
878.00
9,228.00
Welfare and support
9,187.00
19,452.00
10,065.00
28,680.00
28,680.00
Governing Costs
Insurance
390.00
8,622.00
Rent
4,245.00
3,750.00
Car repairs
1,798.00
6,056.00
Others
1,180.00
4,078.00
Car running costs
3,634.00
5,672.00
11,247.00
28,178.00
28,178.00
Total Resources Spent
96,235.00
715,946.00
Excess of Funds Received over Resources Spent in the year
15,137.00
295,840.00
-| |---|---|---|---| |||420,106.00|| |||131,085.00
528,003.00|| ||||| ||74,923.00|659,088.00|| ||878.00
9,187.00|9,228.00
19,452.00|| ||10,065.00|28,680.00|| ||390.00
4,245.00
1,798.00
1,180.00
3,634.00|8,622.00
3,750.00
6,056.00
4,078.00
5,672.00|| ||11,247.00|28,178.00|| ||96,235.00||| ||||715,946.00| ||||| ||15,137.00||295,840.00
-|

HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619

Notes to the financial statements (continued) for the year ended 31st July 2023

4TANGIBLE FIXED ASSETS
COSTS At 31st July, 2022
Disposal of Car
Replacement Car value
DEPRECIATION
At 31st July, 2022
Charge for the year
Loss on disposal of car
At 31 July, 2023
NET BOOK VALUE
At 31 July, 2023
5 DEBTORS. AMOUNTS FALLEN DUE WITH ONE YEAR
Other Debtors
6 MOVEMENT IN FUNDS
Unrestriucted Funds
General funds
Total funds
Net moverment in funds, included in the above are as follows
General funding reported as unrestricted funds
TOTAL FUNDS		 VALUE
VALUE
TOTAL
£
£
Plant &
£
Cost
F & F
Machines
1,388.00
460,000.00
21,310.00
482,698.00
9,500.00
-
9,500.00
-
8,498.00
8,498.00
1,388.00
460,000.00
20,308.00
481,696.00
1,040.00
8,524.00
9,564.00
348.00
3,200.00
3,548.00
86.00
86.00
1,388.00
11,638.00
13,026.00
-
460,000.00
8,670.00
468,670.00
Net
Movement
AT 31/07/2022
in Funds
AT 31/07/2023
£
£
£
82,462.00
18,770
101,232
Funding
Resources
Movement
Received
Spent
in Funds
111,372
92,602
18,770
111,372
92,602
203,974		 VALUE
VALUE
TOTAL
£
Plant &
£
F & F
Machines
1,388.00
460,000.00
21,310.00
482,698.00
9,500.00
-
9,500.00
-
8,498.00
8,498.00		 VALUE
VALUE
TOTAL
£
Plant &
£
F & F
Machines
1,388.00
460,000.00
21,310.00
482,698.00
9,500.00
-
9,500.00
-
8,498.00
8,498.00
1,388.00 460,000.00
20,308.00
481,696.00
1,040.00
348.00		 8,524.00
9,564.00
3,200.00
3,548.00
86.00
86.00
1,388.00 11,638.00
13,026.00
- 460,000.00
8,670.00
468,670.00
Net
Movement
in Funds
AT 31/07/2023
£
£
18,770
101,232
Resources
Movement
Spent
in Funds
92,602
18,770
92,602
203,974