## **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.
5. 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.
6. Campground was purchased, renovated, and furnished. This project is still in progress in Italy.
7. Biblical Literature and manuals were translated and printed in other European languages for effective evangelism.
8. Ministers, Unit leaders and some members attended the global conference at Abuja Nigeria, in July.
## **Planned Projects**
1. A distinct Campground for England fellowship centres
2. More training for Leaders and members on identifiable risks such as financial fraud, money laundering, human trafficking etc, prevalent in the society.
3. Acquisition of a central office in London for accessibility.
4. 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:
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 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
|4**TANGIBLE 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_**|