WARRIORS OF PRAISE MINISTRIES TRUST
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Charity Registered Number 1028627
WARRIORS OF PRAISE MINISTRIES TRUST
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 2 |
| Trustees’ report | 3 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 14 |
1 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees: | John Holme (resigned 15 November 2024) |
|---|---|
| Bryan Pickard | |
| Alistair Scott | |
| Robert Elliott | |
| Secretary: | Sheila Kolstoe |
| Charity registered number: | 1028627 |
| Registered Office: | Eagles Lodge |
| Wimland Road | |
| Rusper | |
| RH12 4QU | |
| Accountant: | G Schulz & Company Ltd |
| Chartered Management Accountants | |
| G Schulz FCMA CGMA | |
| 3 Lane Close | |
| Broadbridge Heath | |
| Horsham | |
| RH12 3UF | |
| Bankers: | Santander |
| 2 Triton Square | |
| Regent's Place | |
| London | |
| NW1 3AN |
2 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
TRUSTEES’ REPORT
The Trustees present their annual report together with the financial statements of the charity for the year 1 January 2023 to 31 December 2024.
Structure, governance and management
Warriors of Praise Ministries Trust is a registered charity, number 1028627. The charity is established under a Declaration of Trust, which sets out the objects and powers of The Charity and is governed by its Trust Deed which was entered on the Charity Commission's central register on 17 November 1993.
Warriors of Praise Ministries Trust has a Board of at least four Trustees, who aim to meet twice a year in person, but more regularly by Zoom, and are responsible for the strategic direction and policy of the Charity. The Trustees have control of the Charity and funds. The Trustees have agreed to take advice from other professional sources when the need arises.
Recruitment and appointment of Trustees
Trustees are recruited as needed from a diverse number of different backgrounds. Each Trustee must have relevant knowledge and experience and a wide skills base which they bring to their service as a Trustee. In the event of particular skills being lost due to retirements, new individuals will be approached to offer themselves for election to the Board of Trustees. The current Trustees elect by a vote taken. The Charities Commission “start to finish” guide will be consulted, and special attention given to the vetting procedure.
Trustees induction and training
Once new Trustees are appointed, time will be taken to familiarise them with the practices and requirements of Trustees. They will be made familiar with all aspects of the charity's work and financial situation. Any further training or induction will take place as the need arises.
Risk assessment
The Trustees do not consider that there are any major risks threatening the Charity at this present time, but continue to monitor the situation.
Objectives
The object of the charity is the advancement of the Christian faith in the UK and overseas.
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Achievement and performance
The Charity continues to raise and receive funds from generous donors. The funds are then dispersed successfully in order to progress with the aims and objectives.
Trust funds are deposited in Charity bank accounts. The majority of the donated funds for overseas project work is almost immediately transferred abroad to meet the needs of the projects.
3 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
TRUSTEES’ REPORT
Review of activities
During the year 2024, Warriors of Praise Ministries Trust continued to work with and support the many ongoing projects here in the UK and overseas particularly in Uganda and Pakistan but also in newer projects in Hungary and Belgium.
We have continued to scale down traveling, keeping it to a minimum in order to better steward our funds and make use of online facilities to train and carry out meetings using Zoom and FaceTime to communicate effectively and economically, leaving the donations received available to be used for the projects our donors generously give towards.
During 2024, we have only travelled in Europe where we have been invited by local ministries to help training leadership and to bring teaching and encouragement to church groups in Hungary and Belgium with expenses covered by the ministries in the nations.
In UK, Warriors of Praise has continued to train teams in ministry, particularly in evangelism and sharing the gospel in local communities. We have also continued to bring teaching to local churches regularly to encourage growth in the congregations.
In Pakistan, the work we began and supported financially for many years are now almost totally independently funded locally with very occasional financial support coming for specific projects.
In Uganda, 2024 saw the opening of a new nursery and primary school in a poor district of Kampala which continues to provide education and humanitarian help to the local community. The other education projects continue to grow as they help schooling in the slum areas of Kampala where families are benefiting from school fees paid, scholastic materials provided and feeding programmes continue to reach the local families.
The ministry continues to run sport academies for young boys and girls amongst the poor and is increasing to bring both hope and discipline to the young people as they are trained to improve their sporting skills and aim for success in their sporting abilities, which often lead to their receiving education bursaries in local community schools.
The Hope Centre also continues to provide training in IT and computer skills alongside more practical training in sewing machining and other craft skills to train individuals in ways of providing work prospects to earn financial rewards. Hope Centre is also the local church and prayer house in the community.
The ministry investments with Britam still continues to earn high monthly interest to cover the basic costs of running our education and sport programmes.
Finally, Warriors of Praise Ministries continues to teach through seminars here in UK and also around Europe where we work with ECI a Europe based team, on the true biblical foundations of our Judeo/Christian principles of our faith, which we also extend into all our projects in Uganda and Pakistan too.
Our aim for the coming years is to continue to support the projects we are running and encouraging and training our workers abroad to seek ways to raise more finances from their local communities with the challenge of becoming financially more independent from UK in future years.
4 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
TRUSTEES’ REPORT
Financial review
Income for the year amounted to £32,514 (2023 - £65,756) and expenditure £36,990 (2023 - £64,962). The deficit of £4,476 before other gains was added to fund brought forward, with the year-end unrestricted fund balance being £46,043.
Reserves Policy
The Trustees have determined that, in line with their belief that God provides for the work to which he calls His people, no reserves are actively maintained by the charity and therefore the policy has always been and continues to be that all project expenses are restricted to the total of donation received.
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. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Trustees’ responsibilities statement
The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities in England & Wales requires the Trustees 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgments 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 are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 27 October 2025 and signed on their behalf by:
…………………………………………………….. Alistair Scott Trustee
5 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner’s report to the Trustees of Warriors Of Praise Ministries Trust
I report to the charity Trustees on my examination of the accounts of the charity for the year to 31 December 2024 set out on pages 7 to 14.
Responsibilities and basis of report
As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 other to enable a proper understanding of the accounts to be reached.
…………………………………………………….. G W Schulz FCMA CGMA
G Schulz & Company Ltd Chartered Management Accountants 3 Lane Close Broadbridge Heath Horsham RH12 3UF
27 October 2025
6 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 December 2024
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| Note | 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||
| Donations and legacies | 2 | 29,823 | - | 29,823 | 63,788 |
| Investments | 3 | 2,691 | - | 2,691 | 1,968 |
| TOTAL INCOMING RESOURCES | 32,514 | - | 32,514 | 65,756 | |
| RESOURCES EXPENDED | |||||
| Charitable activities | 4 | 36,990 | - | 36,990 | 64,962 |
| TOTAL RESOURCES EXPENDED | 36,990 | - | 36,990 | 64,962 | |
| NET INCOME/(EXPENDITURE) BEFORE TRANSFERS AND GAINS |
(4,476) | - | (4,476) | 794 | |
| Transfers between funds | - | - | - | - | |
| Other gains/(losses) | 1,943 | - | 1,943 | (1,862) | |
| NET MOVEMENT IN FUNDS FOR THE YEAR | (2,533) | - | (2,533) | (1,068) | |
| Total funds brought forward | 48,576 | - | 48,576 | 49,644 | |
| TOTAL FUNDS CARRIED FORWARD | 46,043 | - | 46,043 | 48,576 |
The notes on pages 9 to 14 form part of these financial statements
7 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
BALANCE SHEET AS AT 31 December 2024
| Note FIXED ASSETS Tangible assets 6 Investments 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 NET ASSETS CHARITY FUNDS Restricted funds 10 Unrestricted funds 10 TOTAL FUNDS NET CURRENT ASSETS/(LIABILITIES) CREDITORS:amounts falling due within one year |
2024 2022 £ £ £ £ 86 107 21,917 19,974 22,003 20,081 10,554 9,308 13,906 19,537 24,460 28,845 (420) (350) 24,040 28,495 46,043 48,576 - - 46,043 48,576 46,043 48,576 |
|---|---|
The financial statements were approved by the Trustees on 27 October 2025 and signed on their behalf, by:
……………………………………………………..
Alistair Scott Trustee
The notes on pages 9 to 14 form part of these financial statements
8 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Warriors Of Praise Ministries Trust constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
1.2 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 purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised by the charity for particular purposes. The costs 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.
1.3 Income
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received, and the amount can be measured with sufficient reliability.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
9 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
1.6 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 bases:
Plant & Equipment 20% on reducing balance
1.7 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment.
Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount incurred net of any trade discounts due.
1.9 Cash at Bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
10 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
1.11 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. INCOME FROM DONATIONS AND LEGACIES
| Donations and gifts Gift aid |
Unrestricted Restricted 2024 2023 £ £ £ £ 28,577 - 28,577 59,563 1,246 - 1,246 4,225 29,823 - 29,823 63,788 |
|---|---|
3. INVESTMENT INCOME
| Bank interest | Unrestricted Restricted 2024 2023 £ £ £ £ 2,691 - 2,691 1,968 2,691 - 2,691 1,968 |
|---|---|
11 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
4. COSTS OF CHARITABLE ACTIVITIES
| Charitable Missions European Coalition of Israel Other charitable gifts Outreach Post & stationery Website Travel & seminar expenses Motor expenses Repairs & improvements Insurance Administrative support Printing Sundry expenses Depreciation of tangible fixed assets Independent examination |
2024 2023 £ £ 11,449 13,035 14,642 27,431 200 3,965 304 1,081 1,461 1,414 420 630 2,815 4,619 2,000 1,969 250 3,120 360 416 1,088 3,810 1,560 3,093 - 2 21 27 420 350 36,990 64,962 |
|---|---|
5. TRUSTEE EXPENSES
During the year, no Trustees received remuneration (2023 - NIL).
During the year, the wife of one Trustee received £1,080 for administrative support over the past few years (2023 - £3,810).
During the year, no Trustees received reimbursement of expenses other than those incurred on behalf of the charity (2023 – NIL).
12 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
6. FIXED ASSETS
| 7. INVESTMENTS 8. DEBTORS 9. CREDITORS Cost At 1 January 2024 Additions Disposals At 31 December 2024 Accumulated Depreciation At 1 January 2024 Charged in the period Disposals At 31 December 2024 Net Book Value: At 31 December 2024 At 31 December 2023 Cost or valuation At 1 January 2024 Addition Revaluation At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 Gift aid receivable Accruals and deferred income |
Computer Equipment Total £ £ 800 800 - - - - 800 800 693 693 21 21 - - 714 714 86 86 107 107 Unlisted investments Total £ £ 19,974 19,974 - - 1,943 1,943 21,917 21,917 21,917 21,917 19,974 19,974 2024 2023 £ £ 10,554 9,308 10,554 9,308 2024 2023 £ £ 420 350 420 350 |
|---|---|
13 | P a g e
WARRIORS OF PRAISE MINISTRIES TRUST
NOTES TO THE FINACIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024
10. STATEMENT OF FUNDS
| Current year Unrestricted funds: General funds Restricted funds: Prior year Unrestricted funds: General funds Restricted funds: |
Brought Incoming Resources Transfers Carried forward resources expended in/out forward £ £ £ £ £ 48,576 32,514 (35,047) - 46,043 - - - - - |
|---|---|
| - - - - - |
|
| 48,576 32,514 (35,047) - 46,043 |
|
| Brought Incoming Resources Transfers Carried forward resources expended in/out forward £ £ £ £ £ 49,644 65,756 (66,824) - 48,576 - - - - - |
|
| - - - - - |
|
| 49,644 65,756 (66,824) - 48,576 |
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Current year Fixed assets Current assets Creditors due within one year Prior year Fixed assets Current assets Creditors due within one year |
Unrestricted Restricted Total funds funds funds 2024 2024 2024 £ £ £ 22,003 - 22,003 24,460 - 24,460 (420) - (420) |
|---|---|
| 46,043 - 46,043 |
|
| Unrestricted Restricted Total funds funds funds 2023 2023 2023 £ £ £ 20,081 - 20,081 28,845 - 28,845 (350) - (350) |
|
| 48,576 - 48,576 |
14 | P a g e