2024-07-31-accounts - House Of Praise Ministries UK

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Charity No: 1204725

HOUSE OF PRAISE MINISTRIES UK MINISTRIES

TRUSTEES REPORT AND FINANCIAL STATEMENTS

For the year ended 31ST MAY 2024

HOUSE OF PRAISE MINISTRIES UK

Statement of Financial Activities (including Income and Expenditure Accounts) For the year ended31ST MAY 2024.

CONTENTS	2
Legal and administrative information	3
Trustee's report	3 - 5.
Independent Examiner’s Report	8
Statement of Financial Activities	7
Balance Sheet	8
Notes forming part of the financial statements	9-14.
The following pages do not form part of the statutory accounts
Detailed income and expenditure account	15

HOUSE OF PRAISE MINISTRIES UK LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 31ST MAY 2024

Trustees

1 DR PATRICK CAMPBELL 2 ISHMAEL SMITH 3 CALVIN GRANT

Charity No: 1204725

Registered Office

251 Windsor Street NECHELL Birmingham B7 4NG

Chair Dr Patrick Campbell Accountants Jecom & Co Incorporated Financial Accountants (IFA) 276 Monument Road Edgbaston Birmingham B16 8XF

Bankers

HOUSE OF PRAISE MINISTRIES UK

Trustee's report For the year ended 31ST MAY 2024

The Board of Trustees

submit their annual report and the financial statements of Flame pent4ecostal church of C & S (the charity) for the year ended 31ST MAY 2024. The Board of Trustees confirm that the annual report and financial statements

of the Charity comply with current statutory requirements, the requirement of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities issued in JUNE 2000.

Method of appointment or election of Trustees

The Management of the Charity is the responsibility of the Trustees who are elected

and co-opted under the terms of the constitution.

Constitution policies and objectives

Flame Pentecostal Church of Cherubim & Seraphim Church Movement Birmingham UK is a registered charity.

The principle object of the Charity is to organise church services, community services, mentoring and advice nursery and teaching of children, adult and youth

There have been no changes in the objectives since the last annual report.

Organizational structure and decision making

The organization of the Charity is controlled by the members of the Board of Trustees.

Review of activities

During the year the Charity received a total of £10,450 from donations and other sources. The financial results for the year are shown in the annexed accounts

Reserves policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

HOUSE OF PRAISE MINISTRIES UK

Trustees'S REPORT For the year ended 31ST MAY 2024.

Trustees's responsibilities

Charity law applicable to charities in England/Wales requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for the period. In preparing those financial statements the Trustees have

selected suitable accounting policies and applied them consistently,
- made judgments and estimates that are reasonable and prudent,
stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and
prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation).

The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper 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 Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. These account has been delivered in accordance with the provisions applicable to chariries subject to the small companies regime.

The report was approved by the Trustees on 20th November 2024 and signed on its behalf by

DR PATRICK CAMPBELL

Chairman

HOUSE OF PRAISE MINISTRIES UK

Independent Examiner’s Report to the trustees of Flame Pentecostal Church of Cherubim & Seraphim Movement Birmingham UK For the year ended 31ST MAY 2024.

I report on the accounts for the year ended 31ST MAY 2024 which are set out on pages 6 to 14 Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the charity Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts (under section 43 of the Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention.

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 you as 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 the course of my examination, no matter has come to my attention:

1. Which gives me reasonable cause to believe that in, any material respect, the requirements

to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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.

J. Okundaye AFA FFTA FIAB

Jecom & Co Incorporated Financial Accountants 276 Monument Road

Edgbaston Birningham B16 8XF

HOUSE OF PRAISE MINISTRIES UK

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31ST MAY 2024.

Note INCOMING RESOURCES Donations legacies and similar incoming resources 2 RESOURCES EXPENDED Charitable expenditure: Cost of activities in furtherance of the charity's objects Support costs for grants and activities 3 Resources expended on managing and administering the charity 4 TOTAL RESOURCES EXPENDED 5 IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR TOTAL FUNDS AT 1 JUNE 2023 TOTAL FUNDS AT 31ST MAY 2024	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 10450 10450 64063	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 10450 10450 64063
	0 10,450 10,450	64,063
	21,923 21,923 8092 8092 1816 1816	21923 35071 2376
	0 31,831 31831	41059
	-21,381 -21,381 0 4277 4277	4693 0 4277
	0 -21,381 -21,381	4277

The Statement of Financial Activities includes all gains and losses recognized in the year The notes on page 10 to 15 form part of these financial statements

HOUSE OF PRAISE MINISTRIES UK

BALANCE Sheet As at 31ST MAY 2024.

FIXED ASSETS Note Tangible fixed assets 8 CURRENT ASSETS Debtors 9 Cash at Bank and in Hand CREDITORS - Amount falling due 10 within one year NET CURRENT ASSETS NET ASSETS 12 CHARITY FUNDS Restricted Funds 11 Unrestricted Funds 11	1370		2024 £ 169 0 0 0 1370 1540 0 1540 1540	2024 £ 169 0 0 0 1370 1540 0 1540 1540	2023
					£ 0 0
	1370
	0
					0
					0 0
					0

The Trustees have:-

a] “For the year ending 31ST MAY 2024 the charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006 .
b] The members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006.
c] The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting periods and preparation of the accounts.

The financial statements were approved by the Trustees on the 20th November 2024 And are signed on their behalf by:

DR PATRICK CAMPBELL

Chair

The notes on pages 10 - 15 form part of these financial statements

HOUSE OF PRAISE MINISTRIES UK

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31ST MAY 2024.

1 ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective JUNE 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP). "Accounting and Reporting by Charities" published in JUNE 2000,

1.2 Charity Status

The members of the charity are the trustees named on page 1 in the event of the Charity being wound up.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers.

HOUSE OF PRAISE MINISTRIES UK

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31ST MAY 2024.

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

1.6 Cash flow

The financial statements do not include a cash flow statement because the charitable charity, as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective JUNE 2002).

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:

Motor Vehicle - 25% Straight line Furnitures and Fixtures - 25% Straight line Office Equipment - 25% Straight line

HOUSE OF PRAISE MINISTRIES UK

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31ST MAY 2024.

2	DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES	DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES	DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES	DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2024	2024	2024	2023
		£	£	£	£
	Grants				0
	Government grants				0
		0	0	0	0
3	SUPPORT COSTS FOR GRANTS AND ACTIVITIES
		Restricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		2024	2024	2024	2023
		£	£	£	£
	Printing postage & stationary		242	242
	Substriction		0	0
	Light & Heat		0	0
	Bank charges		0	0
	Property rent		58	58
	Protective xlothings		575	575
	Toiletories & first aid		207	207
	Charity		0	0
	Insurance		0	0
	Advertisement
	Travel and subsistence		723	723
	Repairs & maintenance		159	159
	Functions		6128	6128
	Total	0	8092	8092	0

HOUSE OF PRAISE MINISTRIES UK NOTES TO THE FINANCIAL STATEMENTS For the year ended 31ST MAY 2024.

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ Sundries 338 338 Audit & Accountancy fees 600 600 Professional fees 774 774 Telephone 53 53 Depreciation - motor vehicles Depreciation - office equipment 51 51 Depreciation - fixtures & fittings 0 0 Total 0 1816 1816 5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff Costs Depreciation Other Costs Total Total 2024 2024 2024 2024 2023 £ £ £ £ £ Voluntary Expenses Support costs for grants and activities 0 8,092 8,092 Resources expended on managing and administering the charity 51 1816 2376 Total Resources Expended £0 51 9908 10468 0	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ Sundries 338 338 Audit & Accountancy fees 600 600 Professional fees 774 774 Telephone 53 53 Depreciation - motor vehicles Depreciation - office equipment 51 51 Depreciation - fixtures & fittings 0 0 Total 0 1816 1816 5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE Staff Costs Depreciation Other Costs Total Total 2024 2024 2024 2024 2023 £ £ £ £ £ Voluntary Expenses Support costs for grants and activities 0 8,092 8,092 Resources expended on managing and administering the charity 51 1816 2376 Total Resources Expended £0 51 9908 10468 0	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 338 338 600 600 774 774 53 53 51 51 0 0	Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 338 338 600 600 774 774 53 53 51 51 0 0
		0 1816 1816
	£0 51 9908 10468 0

6 NET INCOMING RESOURCES/(RESOURCES EXPENDED)

This is stated after charging Depreciation of tangible fixed assets owned by the charity Audit & Accountancy fees Professional fees	Total Total 2024 2023 £ £ 51 600 774
	1426 0

HOUSE OF PRAISE MINISTRIES UK

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31ST MAY 2024.

During the year no Trustees received any remuneration (2024 - £NIL)

During the year no Trustees received any benefit in kind (2024 - £NIL)

During the year no Trustees received any reimbursement of expenses (2023 - £NIL)

STAFF COSTS AND NUMBERS
Staff costs were as follows	2024	2023
	£	£
Voluntary Expenses/wages	0	0

The average monthly number of employees during the year was as follows

	2024	2023
Administrative	1	1

No employee received remuneration amounting to more than £50000 in either year

8 TANGIBLE FIXED ASSETS Cost At 1 JUNE 2023 Addition in year Depreciation At 1 JUNE 2023 Charge for the year At 31ST MAY 2024 Net book value At 31ST MAY 2024 At 31ST MAY2023 9 DEBTORS Due within one year Debtors Cash in hand and at bank	Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ 0 205 0 220 0 0 0 0	Motor Equipment Fixtures & Total Vehicles Fittings £ £ £ £ 0 205 0 220 0 0 0 0
	0 205 0 220

	0 51 0 51 0 0 0 0
	0 51 0 51
	0 153 0 169
	0 205 0 220
		2024 2023 £ £ 1370 0
		1370 0

HOUSE OF PRAISE MINISTRIES UK

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31ST MAY 2024.

10 CREDITORS 2024 2023 Amount falling due within one year £ £ Bank Loan and overdrafts 0 0 Accruals 0 0 Tax & National Insurance Contribution £0 £0 11 STATEMENT OF FUNDS Brought Incoming Resources Carried Forward ResourcesExpended Forward UNRESTRICTED FUNDS £ £ £ £ General Funds 0 10450 9850 600 General Fund 1 Subtotal 0 10450 9850 600 RESTRICTED FUNDS Restricted Funds 0 0 0 0 SUMMARY OF FUNDS £ £ £ £ General Funds 0 10450 9850 41058 Restricted Funds Total of Funds 0 10450 9850 600 12 ANALYSIS OF NET ASSETS BETWEEN FUNDS RestrictedUnrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ Tangible fixed assets 169 169 0 Debtors due after more than 1 year Current assets 811 811 0 Creditors due within one year 0 Total 0 980 980 0	2024 2023 £ £ 0 0 0 0 £0 £0 Incoming Resources Carried ResourcesExpended Forward £ £ £	2024 2023 £ £ 0 0 0 0
		£0 £0
0	10450 9850 600

0	10450 9850 600

0	0 0 0
£	£ £ £ 10450 9850 41058
0

0	10450 9850 600
0 980 980 0

HOUSE OF PRAISE MINISTRIES UK

DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 31ST MAY 2024

Fund MAY 2024 31ST £ 10450 0 - 10450 10450 58 0 242 159 0 0 0 0 207 723 53 774 600 575 338 6128 0 51 0 9850 £ 600	Fund MAY 2024 31ST £ 10450 0 - 10450 10450 58 0 242 159 0 0 0 0 207 723 53 774 600 575 338 6128 0 51 0 9850 £ 600	MAY2023 £ - -
10450		- 0
58 0 242 159 0 0 0 0 207 723 53 774 600 575 338 6128 0 51 0 £		- - - - - - - - - - - - - - - - - - - - ` 0 £ 0
	600