REGISTERED COMPANY NUMBER: 05760707 (England and Wales)

REGISTERED CHARITY NUMBER: 1119110

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

PRAISE COMMUNITY CHAPEL INTERNATIONAL

Page

Reference and Administrative Details

1

Report of the Trustees

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

to

6

Notes to the Financial Statements

7

to

11

TRUSTEES

Mr Maud Isrebel Dedo Lartey Director

Mrs Gladys Nyarko Nortey Director

Mr Anthony Nkansah Nyarko Director (resigned 1.6.26)

Mr Michael Yaw Owusu-Boateng (appointed 1.6.26)

COMPANY SECRETARY

Ms Esther Apenteng

REGISTERED OFFICE

12 Crouch Avenue

Barking

Essex

IG11 0QZ

REGISTERED COMPANY NUMBER

05760707 (England and Wales)

REGISTERED CHARITY NUMBER

1119110

INDEPENDENT EXAMINER

Hayford & Co Accountancy Services Ltd

Chartered Certified Accountants

& Statutory Auditors

27 Avenons Road

London

E13 8HU

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 March 2026. 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

The objects of the Church are for the active living out of the whole gospel in word and in deed by reaching out into the immediate community and beyond in order to demonstrate the love and facts pertaining to God in a more practical ways

.

The Missions are:

- To reach the unsaved by ways of spreading the good news of Jesus Christ.

- To teach the uncompromising Word of God and educating the local community about the contemporary issues.

- To raise worshippers.

- To be a supernatural church.

- To be a family outreach centre.

- To do mission outreach.

The Trustees have paid due regard to the guidance contain in the Charity Commission's general guidance on public

benefit when reviewing the Charity's aims and objectives in deciding on what activities it undertakes the year.

Achievements and performance

Praise Community Chapel International has approximately 58 members, all with their own individual spiritual needs and the Church charitable funds are used to advance the spiritual, educational, recreational and cultural opportunities to the members.

Financial review

The net Incoming Resources for the year, which were all from unrestricted funds, amounted to £3,829 and added to the net incoming resources brought forward of £37,157. The total reserve carried forward is £40,986.

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.

Praise Community Chapel International Limited is registered as a charitable company limited by guaranteed as set up in the Memorandum and Articles of Association incorporated on 29 March 2006 as amended by Written Resolution dated 12 April 2007.

Organisation Structure

The management of the Trust is the responsibility of the Trustees. The day to day administration of the Trust is carried out by the operating Trustees.

Risk Management

The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks.

Approved by order of the board of trustees on 9 July 2026 and signed on its behalf by:

Ms Esther Apenteng - Secretary

Independent examiner's report to the trustees of Praise Community Chapel International ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

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.

Hayford Doh FCCA MBA

Hayford & Co Accountancy Services Ltd

Chartered Certified Accountants

& Statutory Auditors

27 Avenons Road

London

E13 8HU

12 July 2026

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

33,465

39,196

EXPENDITURE ON

Charitable activities

Direct charitable expenditure

34,588

33,437

Governance cost

-

1,930

Total

34,588

35,367

NET INCOME/(EXPENDITURE)

(1,123

)

3,829

RECONCILIATION OF FUNDS

Total funds brought forward

40,986

37,157

TOTAL FUNDS CARRIED FORWARD

39,863

40,986

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

5

937

1,172

CURRENT ASSETS

Debtors

6

34,941

34,941

Cash at bank

6,633

7,855

41,574

42,796

CREDITORS

Amounts falling due within one year

7

(2,648

)

(2,982

)

NET CURRENT ASSETS

38,926

39,814

TOTAL ASSETS LESS CURRENT LIABILITIES

39,863

40,986

NET ASSETS

39,863

40,986

FUNDS

8

Unrestricted funds

39,863

40,986

TOTAL FUNDS

39,863

40,986

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 9 July 2026 and were signed on its behalf by:

Mr Michael Yaw Owusu-Boateng - Trustee

Mrs Gladys Nyarko Nortey - Trustee

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.

Fixtures and fittings

-

20% on reducing balance

Computer 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	NET INCOME/(EXPENDITURE)

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

31.3.26

31.3.25

£

£

Depreciation - owned assets

235

292

Other operating leases

5,500

8,900

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

39,196

EXPENDITURE ON

Charitable activities

Direct charitable expenditure

33,437

Governance cost

1,930

Total

35,367

NET INCOME

3,829

RECONCILIATION OF FUNDS

Total funds brought forward

37,157

TOTAL FUNDS CARRIED FORWARD

40,986

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2025 and 31 March 2026

3,211

9,437

12,648

DEPRECIATION

At 1 April 2025

2,772

8,704

11,476

Charge for year

88

147

235

At 31 March 2026

2,860

8,851

11,711

NET BOOK VALUE

At 31 March 2026

351

586

937

At 31 March 2025

439

733

1,172

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

34,941

34,941

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

(1

)

-

Accrued expenses

2,649

2,982

2,648

2,982

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

40,986

(1,123

)

39,863

TOTAL FUNDS

40,986

(1,123

)

39,863

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

33,465

(34,588

)

(1,123

)

TOTAL FUNDS

33,465

(34,588

)

(1,123

)

Comparatives for movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

37,157

3,829

40,986

TOTAL FUNDS

37,157

3,829

40,986

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

39,196

(35,367

)

3,829

TOTAL FUNDS

39,196

(35,367

)

3,829

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

Net

movement

At

At 1.4.24

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

37,157

2,706

39,863

TOTAL FUNDS

37,157

2,706

39,863

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

72,661

(69,955

)

2,706

TOTAL FUNDS

72,661

(69,955

)

2,706

9.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.