Charity no. 1047377
POWER AND GLORY DAY MINISTRY
REPORT AND FINANCIAL STATEMENTS
Year ended 2nd March 2025
POWER AND GLORY DAY MINISTRY Report of the trustees for the year ended 2nd March 2025
The trustees present their annual report and financial statements of the charity for the year ended 2nd March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice.
Objectives and activities for the public benefit.
The core objects of the charity continue to be the furtherance of the Christian religion.
The trustees confirm that they have referred to the Charity Commission's guidance on publi benefit and, in particular, the specific guidance on charities for the advancement of religion
To benefit the public, the trustees have separate strategies aimed at those who do not have relationship with Jesus Christ and those who have accepted Jesus as their Saviour and Lord.
Non believers are targeted by various outreach activities based either in the local community or further afield.
For believers, the trustees endeavour to create an environment where a person's faith can be increased and matured by access to:
Regular biblical teaching Provision of pastoral work Praise. Worship and Prayer meetings Visiting and praying for the sick and infirmed. All meetings are open to the public with no admission fees.
Some of our achievements during the year include the following:
WEALTH WISDOM WORKSHOP
The Wealth Wisdom Workshop, held as part of our 30th anniversary celebration, was a resounding success. The event brought together various participants including professionals entrepreneurs and individuals eager to enhance their financial knowledge and strategies fo wealth creation. The workshop was facilitated by renowned speakers who shared practical insights on financial literacy, investment opportunities, savings strategies and long term wealth management. Interactive sessions and Q & A segments kept participants engaged an encouraged active learning. Feedback from attendees was overwhelmingly positive. Many highlighted the clarity of the presentations, the relevance of the topics covered and the practical tools provided for immediate application in their personal and professional lives.
POWER AND GLORY DAY MINISTRY Report of the trustees for the year ended 2nd March 2025
Objectives and activities for the public benefit (Contd).
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Several participants also expressed interest in future workshops and requested ongoing mentorship opportunities.
AFROFITNESS/NUTRITIONIST WORKSHOP
The Afro fitness and Nutrition Workshop, also held as part of the 30th anniversary celebrati was an impactful event. Participants engaged in an energetic Afro-inspired fitness session th promoted fun, movement and overall wellness. The nutrition segment provided practical guidance on healthy eating habits, meal planning and lifestyle tips for sustainable health. Attendees responded positively, noting the balance of physical activity and nutritional knowledge as both enjoyable and impactful.
SPONSORED WALK
A Sponsored Walk was held where participants journeyed from our old church premises in Shoreditch East End to our current premises in South Woodford. The event was well attended and celebrated both our progress and our commitment to community. Thanks to the generosity of sponsors and participators, the walk successfully raised funds in support of two selected charities: Stroke Association and Sickle Cell Society. These contributions will directly benefit their ongoing projects and extend much needed support t those they serve.
NEIGHBOURHOOD CAROLS
In December, the evangelical team went from house to house in the neighbourhood, singing carols and spreading festive cheer. The evening was filled with music, joy and togetherness as residents joined in and welcomed the singers with warmth. This was well received creating a strong sense of unity and celebration.
Financial review
The work of the trust is entirely dependent on the voluntary offerings of people attending the various meetings that have taken place during the year.
The income of the year decreased by 3.5% to £234,225 (2024: £242,561). This includes amounts received under the Gift Aid system.
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POWER AND GLORY DAY MINISTRY
Report of the trustees for the year ended 2nd March 2025
Plans for the Future
The charity has a series of impactful events planned including the well-patronised men's conference - "The Wounded Lion" which will build on the momentum of the previous edition by building on resilience, healing and leadership amongst men.
In addition, several financial seminars will be conducted to equip participants with vital knowledge on personal finance, investment and entrepreneurship, while women's conferences will provide a platform for empowerment, leadership development and networking opportunities.
Furthermore, expanded marriage seminars will be held to strengthen family bonds through discussions on communication, conflict resolution and shared vision. Collectively, these initiatives are designed to educate, inspire and empower individuals and communities, fostering long term growth, stability and stronger social connections.
Building up on previous conferences, a series of workshops and seminars will be arranged (the eaglet flying out of the nest) to engage young people in open discussion about health, mental health and personal development. These sessions will aim to equip youth with practical knowledge, coping skills and the confidence to face real-world challenges.
The workshops will focus on topics such as stress management, healthy lifestyles, emotiona intelligence and building resilience. Interactive activities, group discussions and peer-sharing sessions will aim to encourage active participation and help create a safe space where youn people can express themselves freely. Mental health professionals and motivational speake will be invited to share valuable insights into maintaining balance and seeking help when needed.
Risk management
The main risks faced by the trust are as follows:
a. Financial
This includes a serious decrease in the amount of income received and thereby causing the trust to be unable to meet its financial commitments. This has been mitigated by the trustees receiving regular financial updates and the close monitoring of the bank accounts.
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POWER AND GLORY DAY MINISTRY Report of the trustees for the year ended 2nd March 2025
Risk management (Contd)
b. Reputational
The trustees are aware that the main reputational risks stem from adverse publicity affectin the charity and those associated with it.
Although there could be many reasons for this to occur, the trustees seek to ensure that all aspects of the charity are regularly reviewed to ensure that they are being run accurately
and effectively.
Particular attention is always paid to the varied works involving the children who attend meetings and the trustees ensure that people who lead these groups have the necessary qualifications and accountability.
Reserves policy
The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately one month of unrestricted charitable expenditure. The trustees consider tha this level will provide sufficient funds to enable financial commitments to be met and also give them enough time to review and revise ongoing commitments should a long term decrease in income be recognised.
The average monthly expenditure during 2024/2025 was £21,500. Total unrestricted funds after deducting the amount included in Fixed Assets were £NIL. This shows that the reserves target had not been met at the year end and the trustees are reviewing this.
Structure, governance and management
The trust is a registered charity, number 1047377 and is constituted under a Deed of Trust dated 29th May 1995 .
The trust does not raise funds from the public and seeks to continue its charitable works through the careful stewardship of the donations from members. New trustees are appointed by the existing trustees.
There is regular communication between the trustees where they agree on the future broad strategy and areas of activity.
They also review the level of reserves, risk management policies etc. The day to day leading of the charity is delegated to Bishop Akoto Bamfo.
New trustees are chosen from the membership after showing continuous integrity and faithfulness to the charity. Before accepting the position, the potential trustee is given copies of the Trust Deed, previous financial statements and meets with the existing trustees for an overview of the plans of the charity for the future. Any training requests are quantified and arranged as necessary.
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POWER AND GLORY DAY MINISTRY Report of the trustees for the year ended 2nd March 2025
Key management personnel remuneration.
The trustees consider that the board of trustees comprises the key management personnel of the charity. They have delegated Bishop Akoto Bamfo to be in charge of directing and controlling the charity and running and operating the charity on a day to day basis.
All trustees give their time to act as trustees freely and no trustee remuneration as such wa paid in the year. Any related party transactions are detailed in the notes.
Trustees are required to disclose all relevant interests and are required to withdraw from decisions where a conflict of interest arises.
Bishop Akoto Bamfo receives an amount for being responsible for the day to day operations of the charity. This amount is reviewed annually.
Reference and administrative information
Trustees
Adelaide Akoto-Bamfo Linda Acquaye Cynthia Andoh-Arthur Victor Ghartey (Resigned) Daniel Stephens James Arthur Bishop Kingsley Akoto-Bamfo (Ex-officio trustee)
Principal office
9 Raven Road South Woodford London E18 1HB
Independent Examiner
George Kitcher FCA Brunel House, Fitzalan Road Cardiff CF24 0EB Bankers Lloyds Bank Plc East Dulwich
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POWER AND GLORY DAY MINISTRY
Report of the trustees for the year ended 2nd March 2025
Trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements in each 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 the financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently; * observe the methods and principles in the applicable
Charities SORP;
-
make judgments and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees on 24th December 2025 and signed on their behalf by:
Daniel Stephens - Trustee
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Independent Examiner's Report to the Trustees of:
POWER AND GLORY DAY MINISTRY
I report on the accounts for the trust for the year ended 2nd March 2025 which are set out on pages 9 to 15 .
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity trustees conside that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act
-
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
-
- to state whether particular matters have come to my attention
Basis of independent examiner's report
My examination was carried out in accordance with the General Direction given by the Charity
Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees on any su matters. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently no opinion is given as to the accounts provide a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the Charities Act, and # to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act
have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
GEORGE KITCHER
George Kitcher FCA Brunel House Cardiff Date 31.12.2025 CF24 0EB
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POWER AND GLORY DAY MINISTRY
Statement of Financial Activities Year ending 2nd March 2025
| Total | Total | ||
|---|---|---|---|
| Note | Funds | Funds | |
| 2025 | 2024 | ||
| £ | £ | ||
| Income | 1 | ||
| Donatons | 3 | 234.225 | 242,561 |
| Investment Income | |||
| Other income | 3 | ||
| TOTAL INCOME | 234,225 | 242,561 | |
| Expenditure | 1 | ||
| Expenditure on charitable | |||
| actvites | 4 | 257,261 | 277,218 |
| TOTAL EXPENDITURE | 257,261 | 277,218 | |
|---|---|---|---|
| Net incoming/(expenditure) | -23,036 | -34,657 | |
| Reconciliaton of funds | |||
| Total funds brought forward | -3,154 | 31,503 | |
| Total funds carried forward | -26,190 | -3,154 | |
| Page 9 | |||
| POWER AND GLORY DAY MINISTRY | |||
| Balance Sheet as at 2nd March | 2025 | ||
| Note | Total | Prior | |
| Funds | Year | ||
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 1,5 | 4,873 | 5,081 |
| Current assets: | |||
| Debtors | 6 | 11,751 | 8,822 |
| Cash at bank and in hand | 1,597 | 3,802 | |
| Total current assets | 13,348 | 12,624 | |
| Liabilites: | |||
| Creditors falling due within | |||
| one year | 7 | -23,404 | -20,702 |
| Net Current assets | -10,056 | -8,078 | |
| -5,183 | -2,997 | ||
| Creditors falling due afer one | |||
| year. | 8 | -21,007 | -157 |
| Net Assets/(Liabilites) | -26,190 | -3,154 |
| The funds of the charity: | |||
|---|---|---|---|
| Unrestricted income funds | 1 | -26,190 | -3,154 |
| Total charity funds | -26,190 | -3,154 |
The notes at pages 11 - 15 form part of these accounts
Approved by the trustees on 24th Decembner 2025 and signed on their behalf by:
Daniel Stephens - Trustee
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POWER AND GLORY DAY MINISTRY Notes to the accounts
1. Accounting Policies
- (a) Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice, the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these account
(b) Funds structure
All of the charity's funds are unrestricted and the trustees are free to use these funds for an purpose in furtherance of the charitable objects.
(c) Income recognition
All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Donations from members and other donations are recognised when received.
Income in respect of HMRC Gift Aid claims is recognised when the claim has been submitted to HMRC.
Interest on funds held on deposit is included upon notification of the interest payable by the Bank.
(d) Expenditure recognition
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 settlement will be required and the amount of the obligation can be measured quickly.
All expenditure is recognised on an accruals basis.
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POWER AND GLORY DAY MINISTRY Notes to the accounts
- (e) Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure head for which it was incurred.
- (f) Tangible fixed assets and depreciation
All assets costing more than £500 are capitalised and valued at historical cost. Depreciation is charged from the year of acquisition on the following bases:
Equipment 25% of the reducing balance Motor Vehicles 25% of the reducing balance Leasehold Improvements Spread over the term of the lease on a straight line basis
2. Related party transactions and trustees' expenses and remuneration
The trustees all give freely of their time and expertise without any form of remuneration or other benefit in cash or kind. They are entitled to claim any expenses. The amount of expenses paid during the year was £nil ( 2024 = £nil )
Bishop Akoto Bamfo received an amount of £42,697 ( 2024 = £43,657) for operating the charity on a day to day basis.
At the year end the balance of the interest free loan granted by Bishop Akoto Bamfo was £21,007 (2024 = £157). There are no firm repayment dates on the loan.
| 3. Donatons | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Donatons | 203,218 | 204,190 |
| HMRC - Gif Aid | 31,007 | 38,371 |
|---|---|---|
| 234,225 | 242,561 |
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POWER AND GLORY DAY MINISTRY Notes to the accounts
4. Expenditure on charitable activities
| ture on charitable actvites | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Pastoral Expenses | 42,697 | 43,657 |
| Volunteer Expenses | 22,390 | 15,050 |
| Rent | 82,670 | 101,250 |
| Council tax | 7,808 | 7,129 |
| Insurance | 1,803 | 3,775 |
| Light and Heat | 14,332 | 8,742 |
| Motor and Travel | 7,519 | 4,430 |
| Donatons | 9,270 | 10,650 |
| Refreshments | 3,587 | 4,791 |
| Repairs | 5,612 | 13,777 |
| Communicatons | 10,643 | 9,734 |
| Depreciaton | 1,627 | 1,701 |
| Professional Fees | 5,195 | 5,725 |
| Bank Charges | 757 | 800 |
| Credit Card Charges | 618 | 644 |
| Cleaning and Hygiene | 2,611 | 2,261 |
| Communion Expenses | 280 | 326 |
| Equipment lease | 3,696 | |
| TV Ministry/Streaming | 28,350 | 29,535 |
| Admin Expenses | 4,892 | 849 |
| Actvites | 400 | 1,900 |
| Licence | ||
| Music Ministry | 4,000 | 6,596 |
| Subscripton | 200 | 200 |
| Children's Ministry | ||
| Loss on disposal of Vehicle | ||
| TOTAL EXPENDITURE | 257,261 | 277,218 |
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POWER AND GLORY DAY MINISTRY
Notes to the accounts
5. Tangible fixed assets
| L/hold | Equipment | TOTAL | |
|---|---|---|---|
| Imps | |||
| £ | £ | £ | |
| Cost | |||
| At 3rd March 2024 | 66,379 | 65,330 | 131,709 |
| Additons | 1,419 | 1,419 | |
| Disposals | |||
| At 2nd March 2025 | 66,379 | 66,749 | 133,128 |
| Depreciaton | |||
| At 3rd March 2024 | 66,379 | 60,249 | 126,628 |
| Charge for the year | 1,627 | 1,627 | |
| Eliminated on disposals | |||
| At 2nd March 2025 | 66,379 | 61,876 | 128,255 |
| Net book value | |||
| At 2nd March 2025 | 4,873 | 4,873 | |
| At 2nd March 2024 | 5,081 | 5,081 | |
| 6. Current Assets | 2025 | 2024 | |
| £ | £ | ||
| HMRC - Gif Aid | 6,365 | 2,705 | |
| Prepayment | 1,275 | ||
| Amount due from | subsidiary | 5,386 | 4,842 |
| Bank Balances | 1,597 | 3,802 | |
| 13,348 | 12,624 |
All debtors and bank balances related to unrestricted funds in both 2024 and 2025
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POWER AND GLORY DAY MINISTRY Notes to the accounts
7. Analysis of current liabilities
| 2025 | 2024 | |||
|---|---|---|---|---|
| £ | £ | |||
| Creditors under | 1 | year | 23,404 | 20,702 |
All creditors in 2024 and 2025 relate to unrestricted funds.
| 8. Creditors due afer one year | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Interest free loan | 21,007 | 157 |
The interest free loan is from Bishop Akoto Bamfo with no fixed repayment date.
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