2025-03-31-accounts - Mount Horeb House Of Worship

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Mount Horeb House of Worship Financial Statements 31 March 2025

Mount Horeb House of Worship Contents

	Page
Legal and administrative information	1
Trustees' Report	2 - 3
Independent Examiner's Report	4
Statement of financial activities	5
Balance sheet	6
Notes forming part of the financial statements	7 - 9

Mount Horeb House of Worship Legal and administrative information

TRUSTEES	Nauraj Rai (Chairman)
	Simon Rai
	Yogendra Rai
	Lila Raj Dewan
	Praja Mani Rai
	Suraj Thapa
	Bhim Prakash Budhathoki
PRINCIPAL OFFICE	Welling Gospel Chapel
	Wiliam Foster Lane
	Welling Gospel Chapel
	DA16 3AT
BANKERS	HSBC UK
ACCOUNTANTS	Paperwork Solutions Limited
	Suite 3 Greyholme
	49 Victoria Road
	Aldershot
	Hampshire
	GU11 1SJ
CHARITY REGISTRATION NUMBER	1202595

Mount Horeb House of Worship

TRUSTEES REPORT for the year ended 31 March 2025.

The Trustees are pleased to present their report and the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.

Constitution and objects

The charity's object is to advance the Christian faith in accordance with the Statement of Faith throughout England & Wales for the benefit of the public mainly but not exclusively through the holding of services, raising awareness of religious beliefs and practices, religious education, outreach and pastoral care.

Financial review and investment policy

The unrestricted fund of the charity generates income which is used for the furtherance of the objects of the charity. There are no restrictions on the charity's power to invest. The investment strategy is set by the trustees and is reviewed annually.

Reserves policy

It is the policy of the charity to maintain all funds at a sufficient level to meet fluctuating demands. The unrestricted fund which comprises the free reserves of the charity were maintained at a sufficient level throughout the year to cover eventualities such as additional administration and support costs.

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Trustees' responsibility in relation to the financial statements

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its operations.

Mount Horeb House of Worship

TRUSTEES REPORT for the year ended 31 March 2025.

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf by:

…………………………………….

Dated:

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE Mount Horeb House of Worship FOR THE YEAR ENDED 31 March 2025.

I report on the accounts of the Trust for the year ended 31 March 2025, which are set out on pages 5 to 8.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of accounts; you consider that the audit requirement of section 144 of the Charities Act 2011 does not apply. It is my responsibility to - examine the accounts under section 145 of the Charities Act,

to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention

This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. My independent examiner's report 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 independent examiner's work, for this report, or for the statement I have given.

Basis of independent examiner's report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 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 statement below.

Independent examiner's statement

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

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 Charities Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

I.D. Chitolie FCCA Suite 3 Greyholme Paperwork Solutions Ltd 49 Victoria Road Chartered Certified Accountants Aldershot Hampshire Date…………………………. GU11 1SJ

Mount Horeb House of Worship Statement of Financial Activities for the year ended 31 March 2025

Unrestricted funds 2025 Notes £ Incoming resources Income and endowments from: Other Income 2 64,566 Total incoming resources 64,566 Resources expended Expenditure on: Charitable activities 3 - Support Costs 4 29,572 Management and Administration 5 3,162 Total resources expended 32,734 Net outgoing resources 31,832 Net movement in funds 31,832 Balance at 1 April 2024 148,024 Balance at 31 March 2025 179,856	Total funds 2025 £ 64,566 64,566 - 29,572 3,162 32,734 31,832 31,832 148,024 179,856	Total 2024 £ 18,887
		18,887
		- 3,776 452
		4,228

		14,659
		14,659 133,364
		148,023

Mount Horeb House of Worship Balance Sheet as at 31 March 2025

Unrestricted Notes Funds £ Fixed assets Tangible Assets 2,164 2,164 Current assets Debtors 80,000 Bank and cash balances 7 98,142 178,142 Creditors less than one year 8 450 Net current assets 177,692 Total Net assets 179,856 Funds 9 179,856	Total 2024 £ 2,886
	2,886
	40,000 105,437
	145,437
	300
	145,137

	148,023
	148,023

Approved by the trustees and signed on their behalf by:

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(chairman)
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Trustees
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(treasurer)

Date……………………………………

Mount Horeb House of Worship Notes forming part of the financial statements for the year ended 31 March 2025

1 Principal accounting policies

Accounting convention

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and the Charities Act 2011.

Resources expended

Expenditure is included on an accruals basis.

Costs of generating funds comprise those costs directly attributable to managing the investment of generating funds.

Support costs comprise costs for running of the charity itself as an organisation. Where costs cannot be directly attributed to activities estimates are made based on activity levels.

Fund accounting

Details of the nature and purpose of each fund are set out below in note 9.

2 Other income Unrestricted funds 2025 £ Interest received 952 Donations received 63,614 64,566	Total funds 2025 £ 952 63,614 64,566	Total 2024 £ 148 18,739
		18,887

Mount Horeb House of Worship Notes forming part of the financial statements for the year ended 31 March 2025

3 Expenditure on charitable activities Unrestricted funds 2025 £ Event cost: Press conference - Other charitable expenses - - 4 Support costs Unrestricted funds 2025 £ Other donations 11,834 Electricity 3,407 Travel Expenses 3,139 Water rates 567 Meetings costs 3,680 Repairs and maintenance 3,288 Cleaning 1,985 Equipment hire 950 Depreciation 722 29,572 5 Management and administration Unrestricted funds 2025 £ Accountancy fees 510 Computers and software 217 Telephone and communications 329 Printing & Stationery 282 Insurance 1,121 Bank Charges 61 Legal and professional fees 642 3,162	Total funds 2025 £ - - - Total funds 2025 £ 11,834 3,407 3,139 567 3,680 3,288 1,985 950 722 29,572 Total funds 2025 £ 510 217 329 282 1,121 61 642 3,162	2024 £ - -
		-
		Total 2024 £ - 1,978 - - 650 195 230 - 723
		3,776
		Total 2024 £ 300 - 111 21 - 20 -
		452

6 Staff Costs and trustees remuneration

Mount Horeb House of Worship does not employ any staff. Trustees received no remuneration and were not reimbursed for any of their expenses.

Mount Horeb House of Worship Notes forming part of the financial statements for the year ended 31 March 2025

7 Cash at bank Unrestricted funds 2025 £ Current account - general charity fund 91,614 91,614 8 Creditors Unrestricted funds Trade creditors and accruals 450	Total funds 2025 £ 91,614 91,614 Total funds 2025 £ 450	Total 2024 £ 103,883
		103,883
		Total 2024 £ 300

9 Funds

Unrestricted funds

These comprise those funds which the trustees are free to use in accordance with the charitable objects of the trust.

Restricted funds

These funds which have been given for particular purposes and projects are described in the Trustees' Report on page 2. There were no restricted funds this year or the prior year.