IRIS Accounts Production v23.1.0.753 Other Company accounts True false Pounds 1.6.22 31.5.23 31.5.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure058767972022-05-31058767972023-05-31058767972022-06-012023-05-31058767972021-05-31058767972021-06-012022-05-31058767972022-05-3105876797ns22:CharitableCompanyLimitedByGuarantee2022-06-012023-05-3105876797ns15:PoundSterling2022-06-012023-05-3105876797ns11:FRS1022022-06-012023-05-3105876797ns11:IndependentExaminationCharity2022-06-012023-05-3105876797ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-06-012023-05-3105876797ns11:FullAccounts2022-06-012023-05-3105876797ns11:CharitiesSORP2022-06-012023-05-3105876797ns16:EnglandWales2022-06-012023-05-3105876797ns11:RegisteredOffice2022-06-012023-05-3105876797ns22:Trustee12022-06-012023-05-3105876797ns22:Trustee22022-06-012023-05-3105876797ns22:Trustee32022-06-012023-05-3105876797ns22:Trustee42022-06-012023-05-3105876797ns11:CompanySecretary12022-06-012023-05-3105876797ns22:TotalRestrictedIncomeFunds2022-06-012023-05-3105876797ns22:TotalUnrestrictedFunds2022-06-012023-05-3105876797ns22:TotalUnrestrictedFunds2022-05-3105876797ns22:TotalRestrictedIncomeFunds2022-05-3105876797ns22:TotalUnrestrictedFunds2023-05-3105876797ns22:TotalRestrictedIncomeFunds2023-05-310587679722022-06-012023-05-31
REGISTERED COMPANY NUMBER: 05876797 (England and Wales)
REGISTERED CHARITY NUMBER: 1117663














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SOZO HOUSE OF PRAISE

SOZO HOUSE OF PRAISE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 11

SOZO HOUSE OF PRAISE (REGISTERED NUMBER: 05876797)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the Christian Faith through Evangelism and Ministry in accordance with the Statement of Faith set out int schedule to the Memorandum of Association.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05876797 (England and Wales)

Registered Charity number
1117663

Registered office
First Floor
14-16 Powis Street
Woolwich
London
SE18 6LF

Trustees
REV L DOUGLAS
MISS K CAMPBELL
MISS C LAWES
MRS Y PARKER

Company Secretary
MRS V A BLAKE

Independent Examiner
Abudey & Company
First Floor
14-16 Powis Street
Woolwich
London
SE18 6LF

Director
Bishop Dr Omroy V. Miller


SOZO HOUSE OF PRAISE (REGISTERED NUMBER: 05876797)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2023

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 7 March 2024 and signed on its behalf by:





REV L DOUGLAS - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SOZO HOUSE OF PRAISE

Independent examiner's report to the trustees of SOZO HOUSE OF PRAISE ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Mr Symon L Abudey FAIA

Abudey & Company
First Floor
14-16 Powis Street
Woolwich
London
SE18 6LF

7 March 2024

SOZO HOUSE OF PRAISE

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 37,306 - 37,306 38,357

EXPENDITURE ON
Raising funds 3 15,463 - 15,463 11,329

Charitable activities 4
Other Charitable Purposes 22,583 - 22,583 22,568

Other 1,200 - 1,200 1,200
Total 39,246 - 39,246 35,097

NET INCOME/(EXPENDITURE) (1,940 ) - (1,940 ) 3,260


RECONCILIATION OF FUNDS
Total funds brought forward 25,073 - 25,073 21,813

TOTAL FUNDS CARRIED FORWARD 23,133 - 23,133 25,073

SOZO HOUSE OF PRAISE (REGISTERED NUMBER: 05876797)

BALANCE SHEET
31 MAY 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 1,770 - 1,770 2,136

CURRENT ASSETS
Cash at bank 24,437 - 24,437 25,254

CREDITORS
Amounts falling due within one year 11 (3,074 ) - (3,074 ) (2,317 )

NET CURRENT ASSETS 21,363 - 21,363 22,937

TOTAL ASSETS LESS CURRENT
LIABILITIES

23,133

-

23,133

25,073

NET ASSETS 23,133 - 23,133 25,073
FUNDS 12
Unrestricted funds 23,133 25,073
TOTAL FUNDS 23,133 25,073

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 7 March 2024 and were signed on its behalf by:





L DOUGLAS - Trustee

SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Furniture & Fittings - 15% on reducing balance
Church equipment - 20% on reducing balance

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Tithes and Offering 31,669 29,050
Sundry Income & Donations 991 4,362
HMRC - Gift aid 4,466 4,856
Interest 180 89
37,306 38,357


SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. RAISING FUNDS

Raising donations and legacies
2023 2022
£    £   
Sanctuary Rental and Expenses 7,341 5,322
Telephone and internet 371 563
Printing, postage & stationery 259 131
Gen. church running expenses 4,521 2,386
Storage and removals 2,605 2,472
Depreciation 366 455
15,463 11,329

4. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 5) Totals
£    £    £   
Other Charitable Purposes 2,174 20,409 22,583

5. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Other Charitable Purposes 18,000 92 2,317 20,409

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 366 455

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.



SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. STAFF COSTS
2023 2022
£    £   
Wages and salaries 18,000 18,000
18,000 18,000

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

2023 2022
Employees - 2

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 38,357 - 38,357

EXPENDITURE ON
Raising funds 11,329 - 11,329

Charitable activities
Other Charitable Purposes 22,568 - 22,568

Other 1,200 - 1,200
Total 35,097 - 35,097

NET INCOME 3,260 - 3,260


RECONCILIATION OF FUNDS
Total funds brought forward 21,813 - 21,813

TOTAL FUNDS CARRIED FORWARD 25,073 - 25,073


SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

10. TANGIBLE FIXED ASSETS
Plant and Furniture Church
machinery & Fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 and 31 May 2023 9,450 2,174 4,965 16,589
DEPRECIATION
At 1 June 2022 9,450 1,638 3,365 14,453
Charge for year - 46 320 366
At 31 May 2023 9,450 1,684 3,685 14,819
NET BOOK VALUE
At 31 May 2023 - 490 1,280 1,770
At 31 May 2022 - 536 1,600 2,136

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accrued expenses 3,074 2,317

12. MOVEMENT IN FUNDS
Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 25,073 (1,940 ) 23,133

TOTAL FUNDS 25,073 (1,940 ) 23,133

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 37,306 (39,246 ) (1,940 )

TOTAL FUNDS 37,306 (39,246 ) (1,940 )


SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.6.21 in funds 31.5.22
£    £    £   
Unrestricted funds
General fund 21,813 3,260 25,073

TOTAL FUNDS 21,813 3,260 25,073

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 38,357 (35,097 ) 3,260

TOTAL FUNDS 38,357 (35,097 ) 3,260

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.21 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 21,813 1,320 23,133

TOTAL FUNDS 21,813 1,320 23,133

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 75,663 (74,343 ) 1,320

TOTAL FUNDS 75,663 (74,343 ) 1,320


SOZO HOUSE OF PRAISE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2023.