2024-03-24-accounts

Charity No. 1204256 THE STONE CHURCH REVIVAL HOUSE FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 MARCH 2024 CHARLES OSEI, Bsc. MSC, ACIE, MCIPP. AFK ATA CHARITY INDEPENDENT EXAMINER I ACCOUNTANT FLAT 3. 11 ROCHDALE WAY LONDON SE8 4LY

THE STONE CHURCH REVIVAL HOUSE Registered Charity No. 1204256 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 MARCH 2024 CONTENTS Pago Legal and Administrats've Detabls Trustees Report Independent Examinerfs report Balance Sheet 10 Statement of Financial Activrties 11 Statement of Cash flow 12-16 Notes to the Accounts

THE STONE CHURCH REVIVAL HOUSE Reglstsred Charlty No. 1204256 ORGANISATIONAL PROFILE FOR THE YEAR ENDED 24 MARCH 2024 TRUSTEES Dr Tar￿￿ Ladapo Pastor Alexander Adegboye Mr Ephraim Olumewo Mr Frederick Lapado REGISTERED OFFICE: 22 Wilson Close Ashford TN23 4AD ACCOUNTANTS: Charfes Osei, Bsc (Hon8), MS¢, ACIE, AFA, ATA, MCIPP Flat 3, 11 Rochdale Way, Depfford London SE8 4LY Page 1

CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees. Annual Report for the period From: 818123 Period start date To:2413124 Period end date Charity name: The Stono Church Revival House Charity rngistration number: 1204S46 Objectives and Activltles Summary of the purposes of the charity as set out in its goveming document P4rn1.17 Advan￿ng the Chrislian faith and the gospel of Christ for the public benefrt in accordance with thé Statement of Faith in London and in such other parts of the United Kingdom or the wodd as the charity trustees may from time to time think fil for the benefft of the public through the holding of prayer meetings. teaching of the word of God, raising awareness of biblical religious beliefs and practices, celebrating biblical religious festivals, outreach and pastoral care in the communit 1.Advancing various doctrines and b81iefs of the Christian faith by regular teaching on h8aling. divine provision. importance of prayer etc wtlhout any political motive. Summary of the main activrties in relation to those purposes for the public benefit, in particular. the activrties, proj8cts or services identrfied in the accounts. Parn 1.17 at¥J 2. Pastornl care.. Promoting religious SUpe￿I$l0n and instruction. Praying for members and providing counselling for members who reach OLSt, promoting prayer, praise and study. Religious Communication, induding semions and religious seminars, talks, meetings and Gorrferen￿S and provision of religious material via the intemet. support of Ministers for acting as such, including the provision of stipends and other living allowances, pensions and rets'rement accommodation, 3.Evangellsm preach our faith and give willing members of th8 comrnunity opportunty to join the church. This is done through street evangelism, specrfic planned outreach programs. members invrting their own fnends, street and door to door communications including distribution of church invitation fliers v￿thoUt any form of coeraon or causin ublic nuisance.

1. Encouraging and facilitating the practice of the religion by existing followers or adherents. This is done through provision and maintenance of a place of worship for followers, conductirvJ religious ceremonies such as weddings and naming ￿reMOnIes, raising awareness and understanding of religious teliets and practs.￿S
2. Missionary, outreach and welfare. Reaching out to sheltetE and homes to provide support such as dothing and food items. Christmas grfts and meals or other specffic needs of the homeslshelters Supports'ng members of the community v￿th welfare needs which may be material, financial or s iritual. The Trustees have been guided by the Charity Commission on public benefit. Statement confimiiNJ whether the trustees have had regard to the guidance issued by the Chanty Commission on public benefit P•r• 1.18 Achlevements and Perforniance Some of our ach￿vementS over the past 8 months are as follows..:
3. Provision of a regular place of worship every Sunday where the gosp81 is preached and members have had the opportunity to strengthen each other in fellowship. The regular teaching of the word of God has brought encouragement to its members and helped them to develop strory moral values to live a$ responsible otizens of the society.
4. Hosted a Christmas event in our location where we interacted with the communty members and gave gffts to the children.
5. We started a weekly Saturday aftemoon stall outside our place of meeting vthere we provide coffee and snacks to the communty and h*J the opportunity to share our fath. We had a lot of people drop by for a coffee and interacted
6. Provided welfare support to some of our members who had pertinent Summary of the main achievements of the charity, id8ntifying the difference the ¢harity's work has made to the circumstances of rts beneficiaries and any wider benefits to society as whole. Parn 1.20
7. Held an evangelical and charity outreach at the Middlesex Universi

arnpus in London where v ministered to students, some of vthom we eventually provided with W￿lfare su Financial Review Review of the tharity's financial posibon at the end of the enod Statement explaining the policy for holding reserves stati are héld Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any Un￿rtaIntIeS about the charty continuing as a g￿n9 concern Para 1.21 S¢6 Financlal Statements 2024 Para 1.22 Para 1.22 Sae Financial Ststem8nts 2024 P8rn 1.22 Parn 1.24 Parn 123 Not applicable Addftlonal Infomiatlon (optlonal) You ma choose to include further statements where relevant about.. The charity's principal sources of funds (including an fundraisin Investment policy and objectives including any social investment policy ado ted A description of the pnncipal risks facing the charty ra 1.47 Parn 1.46 P•r• 1.46 8tructure, Governance and Management Description of char5ty's trusts.. Type of governing document Pwa 1.25 Constitution How is the charity Constituted? Para 1.25 cio Trustee selection meth(Kls including details of any constitutional provisions e.g. election to post or name of any person or body entit to appoint one or more trustees P8rn 1.25 Election to post

Additional infomiation loptional) You ma choose to include further statements wtlere relevant about: Policies and procedures adopted for the induclion and training of trustees Para 1.51 The charity's organisational structurè and any wider ne￿Ork with vthich the charit works Relationship with any related parties P•r• 1.51 Par¥ 1.51 other Reference and Adminlstrative details Chari name Other name the cha istered charit number Charity's principal address The Stone Church Revival House 120546 22 Wilson Close. Ashford TN23 4AD Names of tho ¢harlty Intees vtho manay the charlty Date• t•d If not forwPK>l• Offic• Ill •nyl Name of ￿rnon lor body) ontitl•d int tru8t•e IfAn Tru*ts• nam• Rev Alexander Adegboye Ta￿ Ladapo Ephraim Olumewo Frederick Ladapo Chaiman Whole year Minister Illhole year Iplhole year Whole year Trustee Trustee Declarations Tho trustees declare that they hav• approvod tho trusttss, report above. Signed on behalf of the charity's trustees Signaturn(s} Full namels) Position log Secretary, Chair. etc) Dr Taiwo Ladapo Minister

Date 311125

THE STONE CHURCH REVIVAL HOUSE Roglstered Charity No. 1204256 INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMENTS TO THE TRUSTEES OF THE STONE CHURCH REVIVAL HOUSE I report on the financial statements for the year ended 24 March 2024 set out on pages 4 - 11. This report is made solely to the Trustees of The Stone Church Revival House. as a body. in accordanc8 wi regulations made under section 145 of the Charities Act 2011 and Charty SORP. My work has been undertaken so that I might state to the Trustees matters l am required to state to them in an independent Examinevs report and for no other purpose To the fullest extent pemiitted by law. I do not accept or assume responsibility to anyone other than the Charity and CharIt￿S trustees for my independent examination work. for this report, or for the statement I have given below. R08Pe¢tlv& respon8lbilitiM of Trustees and Inde￿ndent examlner As charity trustees of the company (and also its directors for the purposes of the company law> and for th8 purposes of charity law, are responsible for the preparation of the financial statements. The Trustees consider that an audil is not required for this year under section 144(2) of the Charttl8s Act 2011 (the Acti and under Part 16 of the 2008 Act, and that an independent examination is needed. I report in respect of my examinth'on of the Chantys accounts rAmed out'.- a) examine the accounts urKler section 145 of the 2011 Act,. b) follow the procedures laid down in th8 general Direciion8 g5ven by the Charrty Commissioners under sed 145{5)(b} of the 2011 Act: and c) state whether particular matters have come to my attention. Ba$1$ of Indepondent examlnorfs st•tem•nt My examination was carried out in accordance wrlh the general Directions given by the Charity Commission An examination includes a review of the accounts'ng records kept by the Charity. and a comparison of th8 accounts presenled with those records. It also includes consideration of any unusual items or disclosures in the accounts arKI seeking explanations from you as Trustees conceming any such matters. The procedur8 undertaken do nol provide all the evidence that V￿uld be required in an audit. and Consequently no opinion given as to whether the accounts present a Irue and fair vievf and the reports limrted to those matters set I in the statement on the neyx page Pa3e 7

THE STONE CHURCH REVIVAL HOUSE Registered Charlty No. 1204256 INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL STATEMEN TO THE TRUSTEES OF THE STONE CHURCH REVIVAL HOUSE Independent examin•rf$ statemont In ¢onn8ction with my examinats'on. no matter has come to my attents'on" 1) which gives me rea￿nable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with Section 130 of the Charities Act., and b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met,. or 2) to which, in my opinion. attents'on should be drawn in order to enable a proper understanding of thè accounts to be reached. 1011202S oi Date . Charles Osei, Bsc (Hons), MSC, ACIE. AFA, ATA . MCIPP Flat 3, 11 Rochdale Way Deptford London SE8 4LY Page 8

THE STONE CHURCH REVIVAL HOUSE R•glstèred Charity No. 1204256 BALANCE SHEET AS AT 24 MARCH 2024 Notes 2023124 Current Assets Debtors Cash at Bank and in hand 3,599 Creditor8 Amount due withinoone Year Other Creditors (991) Net Asset8lLiabiliti88 2,608 Re$orv•s General Funds 3,108 Restricted Funds: 3.108 The financial statements were approved by the Board of Trustees and authorised for issue on 311125 .and were signed on its behalf by.. Dr. Taiwo Ladapo TNste8 Type text here Page 9

THE STONE CHURCH REVIVAL HOUSE Reglstered Charlty No. 1204256 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 24 MARCH 2024 2023124 Total Funds Unrestricts Restricted Notss d Funds Fund$ Resources Arlslng Donations and Legaci89 23,045 23,045 Total Incom• 23,045 23,045 Expendltur•: Charitable Activities -General 24.093 24,093 Total Expendlturo 24,093 24,093 R080urco8 retslnod for further u (1.048) (1,048) Transfer between Funds Net Movoment In Funds R8concillations of Funds Brought forward 2510312023 4.156 4,156 Carrled forward 2410312024 3,108 3.108 Page 10

THE STONE CHURCH REVIVAL HOUSE Reglstered Charlty No. 1204266 STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 24 MARCH 2 2023124 Cash flows from operatlng aC￿vItIeS Cash generated from operations 18 (1,048) Net ￿sh (used In)Iprovided by operating activites (1.048) Changa In cash and cash equfvalents In the reportlng prfod (1,048) Cash and cash equlvalènts at tho beglnnlng of the rnportlng ￿lIod 4,156 Cash and co¥h èqulvalents at the end of the reportlng porlod 3,108 Pap11

THE STONE CHURCH REVIVAL HOUSE Regl8lered Charlty No. 1204256 NOTES TO THE ACCOUNT FOR THE YEAR ENDED 24 MARCH 2024 1. A¢¢ounllng Policles Basls of Preparntion. These accounts have been prepared on an accrual basi$ and include income and expendtiure as they are eamed or incurred, rather than as cash r8ceNed or paKI. Reference to the"Chanb"es SORP, refers to the Chariles SORP IFRS 102}. Accounbng and Reporting by Charib"es. Ststement of Recommended Pracb'ce applicable to chanlies p￿pariftg their accounts in accordan¢e ￿th the Financial ReFth"ng Stsndard applicable in the UK and Republic of Ireland. 2nd edibon eff￿1ve 1 January 2019, and in ￿COrdanCe wrth the Companies Act 20C6. la. Incomfr All income is recognised once the Chanty has entrtlemenl to the income, it ￿ probablè that the in￿rne will be received. and the amount of income rwAivable be measured reliabty. Grants are included in the Statement of finanoal activityes on a receivable basis. The balance of income received for specific purposes but not expiended during the per￿￿ is shcwm in the ￿levant fvnds on the Balance Sheet. Where income is received in advance of entsuement of receipL its reCognit￿n is defe￿ed and included in creditors as deferred income. Where ent￿ement cccurs beth income is received. the income is accrued. Income tax recoverable in re18tson to donations receNed under Grft Aid or deeds of covenant is recognised at the tim8 01 the donation. Income tax recoverable in ￿latiOn to invesknent income Is rwniged at ihe kn'me the investrnént income 18 receivabl8. 1b. Expendlturn Expèndlture is recognised once there is a18gal or consrtructive obligats'on to transfer economr benefit to third party, il is possible that a transfer of econom￿ benefits will be required in settlement and the amount of th& obllg8tion can b& measured reliabty. ExFendilure on ¢haritsble activiti'es is incurred on dir￿ urKiertaking the activrt* further the Ctt8rty's objectives, as well as any assouated support costs. All expenditure is indusNe of irrecoverable VAT. 1c. Governmont grnnt8 Govemmenl grants are credrted to Ihe Statement of financial adivitses as the rew expenditure is incurred. 1d. Fund accountlng Unreslricled Funds are receivab￿ or generated for the objects of tt)e chaiity without further specified purpose and are available as general funds. Restricted Funds are subjected to ￿tn"ctIOnS on thdr eXpendrtU￿ imposed by the dornr. Designated Funds are unrest[￿ted funds but eamiarked by the trustses for partK)Jbar PLSrposes. Page 12

THE STONE CHURCH REVIVAL HOUSE Reglstered Charlty No. 1204256 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 24 MARCH 2024 le. Taxation The Chafty is considered to pass the tests set out in Paragraph 1 Schedule 6 of trhe Finance Act 2010 and therefore it meets the definits'on of a charitabbe company for UK corporatson tax purFK>ses. Accordingty, the Charty 1$ potenb'alty exempt from tsxatson in resw of income or caprtal gains recewed wthin categories covered by Chapter 3 Part 11 of the Corwration Tax Act 2010 or sect￿ 256 of Ihe Taxab'on of Chargeable Gains Act 1992. to the extent that such income or gain$ a￿ appl￿ exdusivety to charitable purposes. 1f. Debtorn Trade and other debtors are recognLsed at the setuement amwnt Prepayments are valued at amount prepaid. 19. Ca*h at bank and In hand Cash at bank and in hand includes cash and short-term hVjh￿ liquvJ invesknents vrth a short maturity of three months or less from thè date of acqui$rt￿n ¢y op8ninw of the deFQSrt or simiLqr amint. 1h. Llabllltlu and prov181on8 Liabilities are recognised when there an obl￿atiOn at the balance sheet date as a result of a past event, rt is probable that a transfer of economic Lwefit will b8 required in setUemen( and the amount of the settl8m&nl can be estimated rellabty. Liablllties are recognised at the amount that the Chanty anticipates il pay to settb the debt or the amount it has rec8lved as advar)ced payments for the gocMJ8 or servic8S it must provKI8. Provisions are measured at the best estimate of the amounts required to setue the obligation. Where the effecl of the time value of money is material. the prowsion is based on the present value of those amounts. discounted al the pre-tax discount rale that reflects the risks sp8cfft to the liability. The unwinding of the discount is recognised in the Statement of financval aclNrt￿ as a finance cosl 11. Flnan¢lal In•lrumont• The Charity only has financKal assets and ffinanaal liabilib.es of a kind that qualify as basic financial instruments. Basic financial instruments are init]'alty recognised at transath'on value and subsequentty measured at their settlement value with th& exceptson of bank loans whth are susequenty measured at amortised cost using the effectfve inlerest method. 11. Crftlcal a¢¢ountlng ￿tImat￿ and areas ofjudgement Eslimales and judgements are continualty evafuated and a￿ based on histOTical exPeTren￿ and other factors. including exFectsbons of future events that are believed to be reasonaue under the circumstsnces. The Charity does not currenty have any signtfi¢ant accountr.ng estimates or areas ofjudgement 1k. Tanglble Fixod A8S•t8 Equipment and other tangible fixed assets are r2Prtalised vthen the cost is £500 or mo Depreciation is prO￿ded at the folknwng annual rates in order to write off e&h assst over its estimated useftjl lrfe. Complrter equipment stravJht line over 3yeais Page13

THE STONE CHURCH REVIVAL HOUSE Règistsrod Charity No. 1204256 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 24 MARCH 2024 Unrestricted Re8trl¢tod 2024 2024 2 DONATIONS AND LEGACIES 2023124 GIftAld Other Income Total Incomo 23,045 500 23.045 5CN) 23,545 3 DIRECTISUPPORT COSTS OF CHARITABLE ACTMTIES Unrestrlcted 2024 Rostrictod Total 2024 2023124 Charity expense Equipment /Consumable Honorarium General Adminlstratlve Expenses Outreach Rent Salary Subscriptlons Transport Welfare Total resources exponded 550 2,146 1,103 2,146 1,103 1.757 8.091 2,527 442 1,757 8,091 2.527 442 5,010 24,093 5,010 24,093 Page 14

THE STONE CHURCH REVIVAL HOUSE Reglstered Charlty No. 1204256 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 24 MARCH 2024 4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 Other creditors 991 991 5 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Totsl funds Unrestrlctod R8strlcted fund fund Current ass8ts Current Liabilrties 3.599 3,599 991 2,608 6 MOVEMENT IN FUNDS Net movement In funds At 24.3.24 At 26.3.23 Unrestricted furKIs G8neral fund 4.156 (1,048) 3,108 R8Stricled funds Restricted fund 3,108 Net movement in funds, inclLJJed in the above are as follows.. 2024 Incomlng rtsources 2024 2024 Movement In funds Resources expended Unr8Stricted funds General fund 23,045 24,093 (1,048) R8Stricted funds Restricted fund TOTAL FUNDS 24,093 (1,048) Page 15

THE STONE CHURCH REVJVAL HOUSE Reglstered Charlty No. 1204256 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 24 MARCH 2024 MOVEMENTS IN FUNDS - contlnued 7 RELATED PARTY DISCLOSURES There were no related party transactTrons for the year 24 March 2024. 8 RECONCILIATION OF NET (EXPENDIYUREVINCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 Net lexpenditure)lincome for the reporting peri¢xl (as per the statement of financial ath'viti'es) Adjustrnent fof: Fixed Assets Depreciation charges (Increase)Idecrease in debtors Increaselldecreasel in creditors Net cash (used Inllprovlded by operatlons (1,048) 9 ANALYSIS OF CHANGES IN NEf FUNDS At 25.3.23 Cash flow At 24.3.24 Net Cash Cash at Bank and in hand 4.156 3,108 3,108 3,108 1.048 (1,048} Total 4156 Page 16