HOURS OF PRAISE
Hold fellowship with Christians in songs, prayers and sharing of bible passages. We do visit Hospices, Hospitals and Cares Home to carry out services. We do provide financial supports to other charities and help to expand support base of our chosen charities in our annual event
Objects
THE OBJECTS OF THE CIO WHICH ARE FOR THE PUBLIC BENEFIT, ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING :TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN THE SCHEDULE HERETO ATTACHED IN SUCH WAYS AND IN SUCH PARTS OF, THE UNITED KINGDOM AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT AND IN PARTICULAR THROUGH THE HOLDING AN ANNUAL INTERDENOMINATIONAL GOSPEL CONCERT.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource of £5,011 for the year ended 31 December 2024, resulting in total unrestricted funds of £11,890. The charity received £33,446 in voluntary income and incurred £28,435 in charitable expenditure. The independent examiner confirmed that no matters came to attention suggesting breaches of legislation or non-compliance with accounting standards.
What the accounts disclose
“Voluntary Income 33,446” — page 8
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Daniel Olasoji Idowuchair
- Agnes Mary Bamidele
- Esther Foluke Tolulope Farinde
- Oluremi Olufemi Akinpelu
- Oluseyi Latifu Jinadu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £33k | £28k |
| 31/12/2023 | £21k | £19k |
| 31/12/2022 | £30k | £28k |
| 31/12/2021 | £3k | £5k |
| 31/12/2020 | £12k | £12k |
Common questions
Is HOURS OF PRAISE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £5,011 for the year ended 31 December 2024, resulting in total unrestricted funds of £11,890. The charity received £33,446 in voluntary income and incurred £28,435 in charitable expenditure. The independent examiner confirmed that no matters came to attention suggesting breaches of legislation or non-compliance with accounting standards. Its FY2024 accounts were independently examined.