HOLINESS REVIVAL MOVEMENT WOLRDWIDE EUROPE (HOREMOW EUROPE)
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31[ST] JULY 2024
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 2024 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 2024
The Trustees present their report with the financial statements of the charity for the year ended 31st July 2024, 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
Newly Constituted members, effective 30[th] October 2024
Pastor Paul Rika (new Chairman)
Mummy Linda Paul Rika
Kennedy Okey Elele (Secretary)
Pastor Idongesit Ekerete
Sister Priscilla Akeode
Sister Blessing Ngonadi
Independent Examiner
Chima. B. Anyanwu
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. Headed by a group of members who are the Trustees. The Trustees serve for a period of 3years before they are replaced by new members, acting on the same capacity. This year, the old Trustees completed their term and the new Trustees were constituted at the online meeting held on 30[th] October 2024 after praying and being directed by the Holy Ghost, in accordance with the ways of leadership replacement in the Ministry.
The Trustee is accountable to the Charity Commission in the United Kingdom for the careful use of the Charitable and public funds, received for adequate 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 Trustees and the expenses required. Members as trustees are not paid however, things might change in future.
PUBLIC BENEFIT
The Trustees pay due regard to the Charity Commission's guidance on public benefit in deciding the activities that should be undertaken each year. The Trustees are satisfied that the information provided in this report and accounts meet the public benefits.
ACHIEVEMENTS AND PERFORMANCE
1.The ministry rented facilities for meetings at different locations in England.
- 2.We organised marriage and counselling session for families.
3.We organised outreach programmes and provided support to bereaved members.
4.We distributed Bibles and biblically based literature to members and visitors during conferences and scheduled events.
-
Leadership training were regularly organised for unit heads. Topics such as the advent and effects of the Artificial Intelligence on youth were shared to interested members.
-
Campground was purchased, renovated, and furnished. This project is still in progress in Italy.
-
Biblical Literature and manuals were translated and printed in other European languages for effective evangelism.
-
Ministers, Unit leaders and some members attended the global conference at Abuja Nigeria, in July.
Planned Projects
-
A distinct Campground for England fellowship centres
-
More training for Leaders and members on identifiable risks such as financial fraud, money laundering, human trafficking etc, prevalent in the society.
-
Acquisition of a central office in London for accessibility.
-
More global conference programmes to be attended by unit heads and some members in Nigeria 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 to. 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:
-
The advancement of the Christian Faith through the preaching of the word of God as written in the Holy Bible.
-
Providing relief to people in need especially members suffering hardship, distress. including persecutions due to their Christian faith.
-
As approved by the trustee, the church might advance to educational needs and charitable activities within and outside the United Kingdom.
-
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 right-hand 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 2024, 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 and beyond
NOTE:
In 2022, the charity commission received complaint of misogynistic views from some newspapers against 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 2024
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 applicable to charities in England and Wales, The Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions 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 affairs 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 20/12/2024
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 2024 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
C & C ACCOUNTANTS
No 4 Wentworth Avenue
Gorton
Manchester. M18 8RD
Date………20/12/2024……………………………………………………………
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE Charity Number 1194619
| Statement of Financial Activities for the year ended 31st July, 2024 2024 £ Notes Total FUNDING RECEIVED Funds Donations , Tithes and Offerings 162725 EXPENDITURE OUT OF FUNDING RECEIVED IN THE YEAR Cost of generating voluntary funds 2 Charitable Activities 87307 Support Costs 9450 Governing Costs 15781 Total Deductions and Expenditure in the year 112538 112538 Excess of Funds over Expenditure 50,187 Total funds Brought forward Total Funds Carried Forward 50,187 |
Statement of Financial Activities for the year ended 31st July, 2024 2024 £ Notes Total FUNDING RECEIVED Funds Donations , Tithes and Offerings 162725 EXPENDITURE OUT OF FUNDING RECEIVED IN THE YEAR Cost of generating voluntary funds 2 Charitable Activities 87307 Support Costs 9450 Governing Costs 15781 Total Deductions and Expenditure in the year 112538 112538 Excess of Funds over Expenditure 50,187 Total funds Brought forward Total Funds Carried Forward 50,187 |
Statement of Financial Activities for the year ended 31st July, 2024 2024 £ Notes Total FUNDING RECEIVED Funds Donations , Tithes and Offerings 162725 EXPENDITURE OUT OF FUNDING RECEIVED IN THE YEAR Cost of generating voluntary funds 2 Charitable Activities 87307 Support Costs 9450 Governing Costs 15781 Total Deductions and Expenditure in the year 112538 112538 Excess of Funds over Expenditure 50,187 Total funds Brought forward Total Funds Carried Forward 50,187 |
|---|---|---|
| 50,187 |
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE
Charity Number 1194619
The Statement of Financial position As at 31st July 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| Notes | Funds | ||||
| £ | £ | ||||
| NON-CURRENT ASSETS | |||||
| Tangible Assets | 4 | 4436 | 8498 | ||
| CURRENT ASSETS | |||||
| Cash in Hand | |||||
| Cash at Bank | 156004 | 101232 | |||
| Less Current Liabilities | 3023 | 2500 | |||
| 152981 | 98732 | ||||
| NET CURRENT ASSETS | |||||
| TOTAL CURRENT ASSETS LESS CURRENT LIABILITIES | 157417 | 98732 | |||
| NET VALUE OF ASSETS | 157417 | 107230 | |||
| FUNDS | |||||
| Accumulated funds for camp grounds project | 107230 | 336287 | |||
| Excess of expenditure over income | 6 | 50187 | -229057 | ||
| TOTAL FUNDS | 157417 | 107230 |
Approved by the Board of trustees on ………20/12/2024
Pastor Bright Chimezie For the Trustees
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE
Charity Number 1194619
Notes to the financiual statements for the year ended 31st July 2024
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 accunted for on cash basis and has been classified under the headings that aggregate all costs related to the category Where an expenses cannot be attributed to a particular heading , they have been allocated to activities on a basis consistent with the use of resource
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
Note that, The European Director's offcial car was surrendered to the car dealers and replaced by another fairly used car.
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 descretion of the trustees
Restricted Funds
Restricted funds can only be used for particular 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
2024
Support Costs -
These are the administrative and publicity costs incurred for the running of the charity
3 TRUSTEES REMUNERATION AND BENEFITS
There were no trustees remuneration or other benefits approved or paid during the year ended 31st July 2024 and none prior to registration.
Trustees Expenses
None was either incurred or paid for in the year ended 31 July 2024
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE
Charity Number 1194619
Notes to the financial statements (continued) for the year ended 31st July 2024
| 4TANGIBLE FIXED ASSETS COSTS At 31st July, 2023 cost of asset given in exchange Value of assset taken as exchanged DEPRECIATION At 31st July, 2023 Charge for the year At 31 July, 2024 NET BOOK VALUE At 31 July, 2024 5DEBTORS. AMOUNTS FALLEN DUE WITH ONE YEAR Other Debtors 6MOVEMENT IN FUNDS Unrestriucted Funds General funds (101771-2516 for Ex Rate Variation) Total funds Net moverment in funds, included in the above are as follows General funding reported as unrestricted funds TOTAL FUNDS |
£ Cost AT 31/07/2023 £ 99,255.00 Funding Received 162,725 162,725 |
VALUE VALUE TOTAL £ Plant & £ F & FMachines 1388 21310 22698 -9500 -9500 8498 8498 1388 20308 21696 1388 11810 13198 4,062 4,062 1,388 15872 17260 - 4436 4436 Net Movement in Funds AT 31/07/2024 £ £ 56,749 156,004 Resources Movement Spent in Funds 105,976 - 56,749 105,976 - 56,749 |
|---|---|---|
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE
Charity Number 1194619
Detailed Statement of Financial Activities for the year ended 31st July 2024
| 2024 2024 Funding Received TOTAL £ £ Proceeds from Books and Products 20585 Tithes and Offering 51658 Contributions for Conference 41514 Donations 48968 EU Camp Ground Total Incoming Funds 162725 RESOURCES SPENT Charitable Activities Evangelistic activities 36009 Camp Ground project 33411 Funds for Conference 17887 ` 87,307 Governing Costs Travels and car maintenance 3625 Admin expenses 6181 Others 5975 Taxes 15781 Support Costs Books Printing and products Insurance & safety 2502 Professional fees and training 2500 Other travel costs and admin costs 2448 Welfare and support 2000 Others 9,450 Total Resources Spent 112,538 Excess of Funds Received over Resources Spent in the year 50,187 |
2024 £ 20585 51658 41514 48968 36009 33411 17887 |
2024 TOTAL £ |
2023 2023 TOTAL £ £ 5500 26782 13025 50787 15278 111372 111372 40512 19,361 59,873 59876 2601 9187 13629 25417 25417 4245 1798 2500 1269 3634 13,446 98,739 12633 |
|---|---|---|---|
| 162725 | |||
| 87,307 | |||
| 112,538 | |||
| 50,187 |
HOLINESS REVIVAL MOVEMENT WOLDWIDE EUROPE
Charity Number 1194619
Detailed Statement of Financial Activities
for the year ended 31st July 2024
FIXED ASSETS
| COST At 1 AUGUST 2023 Disposal Additions AT 31 July 2024 DEPRECIATION At 1 August 2023 Charge for the year 20% Disposal being loss on sale for the year AT 31 July 2024 NET BOOK VALUE AT 31 JULY 2024 |
Fixture & Fittings & Motor Equipt Vehicle Total £ £ £ 1,388 21,310 22,698 - 9500 9,500 8,498 8,498 |
Fixture & Fittings & Motor Equipt Vehicle Total £ £ £ 1,388 21,310 22,698 - 9500 9,500 8,498 8,498 |
Fixture & Fittings & Motor Equipt Vehicle Total £ £ £ 1,388 21,310 22,698 - 9500 9,500 8,498 8,498 |
|---|---|---|---|
| 1,388 | 20,308 21,696 |
||
| 1,388 | 11,810 13,198 4,062 4,062 |
||
| 1,388 | 15,872 17,260 |
||
| - | 4,436 4,436 |