## SHOUT OF PRAISE Charity Registration No: 1208864 TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 December 2024 1 ## SHOUT OF PRAISE ## CONTENTS |Reference and administrative details|3| |---|---| |Trustees' Annual Report|4| |Balance Sheet|8| |Statement of Financial Activities|9| |Notes to the financial statements|10| 2 ## SHOUT OF PRAISE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES & ADVISERS FOR THE PERIOD ENDED 31 December 2024 ## **Trustees** Abiola Akintunde (Chair) Ebenezer Akintunde Opeoluwa Adesina Charity Registration No 1208864 **Banker** Barclays Churchill Place London 3 OFFICIAL SHOUT OF PRAISE ## **SHOUT OF PRAISE TRUSTEES' ANNUAL REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024** The trustees submit their report and the financial statements of Shout of Praise for the period ended 31 December 2024. This report cover the period from incorporation 27 June 2024 to 31 December 2024. The trustees confirmed that the annual report and financial of the charity comply with the current statutory requirements of the charity governing documents and the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities issued in March 2005. ## **STATUS** The charity was registered as a CIO on 27 June 2024 and is registered in England with charity number 1208864. ## **APPOINTMENT OR ELECTION OF TRUSTEES** Trustees are elected and co-opted under the terms of the trust deed. ## **ORGANISATIONAL STRUCTURE AND DECISION MAKING** The charity is organised in such manner that permits the trustees to meet and manage its affairs. ## **PRINCIPAL FUNDING** Funding has been provided mainly through donation from members of the public. ## **GOING CONCERN** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. ## **OBJECTIVES AND ACTIVITIES** The principal object is the advancement of Christian faith for the benefit of the public through online regular educative Christian events and annual musical event open to all members of the public with the aim of promoting Christian values, teaching, and fellowship.. ## **Activities to Further the Charity’s Object** To achieve this object, the charity may carry out the following activities: 1. **Online Educative Christian Events** - Organising and hosting regular online events such as discussions, and talks designed to teach and encourage understanding of Christian faith and practice. - Providing digital resources, such as recorded sessions, and articles, to help participants grow in faith and understanding. - Engaging speakers, worship leaders, and Christian educators to deliver accessible and inspiring Christian teaching to the public online and in person. 2. **Annual Musical Event** - Organising one main annual in-person musical event open to all members of the public, featuring Christian music, worship, and faith-based messages. - Using the event as a platform to share the Christian message, encourage community fellowship, and provide opportunities for public engagement with the Christian faith. - Collaborating with churches, musicians, and volunteers to ensure the event promotes unity and inclusivity within the wider community. 3. **Community Engagement and Support** - Building partnerships with Christian organisations and local communities to promote shared learning and outreach. - Encouraging public participation and volunteer involvement in the charity’s activities. OFFICIAL SHOUT OF PRAISE ## 4. **Use of Media and Technology** - Using online platforms, social media, and other digital tools to reach a wider audience and make Christian teaching accessible to people who may not otherwise attend church or faith-based gatherings. ## **Public Benefit** All activities are undertaken for the public benefit, ensuring that: - The events and resources are open and accessible to members of the public, regardless of background. - Any private benefit (such as payments to speakers or musicians) is incidental and necessary to achieve the charitable purpose. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The charity trustees are responsible for preparing the trustees' annual report and financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the situation of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required to - Select suitable accounting policies and then apply them consistently. - Observe the methods and principles in the Charities SORP. - Make judgement and estimates that are reasonable and prudent. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees recognise their responsibilities to keep proper accounting records that 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 Charity Act 2011.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 appended financial statements have been prepared on the accrual basis and have been examined by an independent examiner, whose report is also appended. Approved by the Trustees and signed on their behalf by Name: Abiola Akintunde Signature: _Abiola Akintunde_ Position: Chair Board of Trustees Date: 28 October 2025 7 BALANCE SHEET AS AT THE PERIOD ENDED 31 December 2024 Approved by the Trustee and signed on their behalf by: Name: Abiola Akintunde Signature: _Abiola Akintunde_ Position: Chair Date: 28 October 2025 8 STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 December 2024 9 ## NOTES TO THE ACCOUNTS ## 1. ACCOUNTING POLICIES - a) The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities. - b) Income and expenditure is accounted for on an accruals basis. - c) Fixed assets comprise furniture & fitting and motor Vehicle which have cost more than £200. 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 bases: Motor vehicle 25% Straight Musical Equipment 25% Straight Computer Equipment 25% Straight Furniture and fittings 25% Straight Vehicle 20% Reducing balance 10 NOTES TO THE ACCOUNTS 24 Unre5trthd FWKI Restrirted fvThJ Totsl 4 MANAGEMENT &GOVERNANCECOST Venue Hire Media and equlpments Event purchases Travel and accornodation Guest5 Costs OthÈr expenses Professlonal fees 2.657 1657 417 1.538 761 417 U38 761 2024 Unre5trkled FWKI Restrlrted fuThl Totsl NEf ASSET BY FUND Tan8lble fixed assets Net Cyrrent •ssets Lon8 temi Ilablllty li