# **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**
- 1.Horemow Europe rented facilities for worship meeting at different locations in England.
2.We organised a widely attended marriage and counselling session for families.
- 3.We organised outreach meetings, offered support to bereaved members.
4.We distributed Bibles and other instructional manual to members and visitors during the conferences and outreach programmes.
5. Leadership training were regularly organised for unit leaders, including training on Artificial Intelligence for the Youth and other interested members.
6. 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.
7. Biblical Literature and manuals were translated and printed in Romanian and other European languages for effective evangelistic programmes.
8. Ministers, Unit leaders and some members attended the global conference at Abuja Nigeria, in July.
## **Planned Projects**
## 1. A Campground for England fellowship centres
2. More training for Leaders and members on identifiable risks such as financial fraud, money laundering, human trafficking etc.
3. Acquisition of a central office in London for accessibility.
4. 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**
- These are the administrative and publicity costs incurred for the running of the charity.
## **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_
_`_
**_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_
_`_
**_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_
_`_
**_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_
_`_
**_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_
|_4_**_TANGIBLE 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_|
|||||