TRUSTEES ANNUAL REPORT April 1[st ] 2023 – 31st March 2024
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Full Title of Charity:- THE POWERPACK TRUST
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The Trust is established under the TRUST DEED.
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The registration number of the Charity with the Charity Commission is No. 1050323
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The Trust is administered by a BODY OF FIVE TRUSTEES.
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Trustees who have acted at any time during the course of the year to 31st March 2024 are as follows:-
K. Causebrook / P. Herridge / E. Brackley / K. Cunningham / S. Cunningham Trustees are appointed when necessary and are given sufficient training upon appointments.
- Risk Management The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
7. Public Benefit
The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
- The address of the charity is as follows:1, Walpole House 2, Pickford Street, Aldershot HANTS GU11 1TZ
9. Bankers:Lloyds Bank (Bognor Regis)
- Independent examiner:Mrs L.C Grant FCCA MAAT The Kilns, Lynwick Street, Rudgwick, Horsham. RH12 3DG
11. Trust Activity
This year has seen some changes in the charity’s activity. In past years, as well as being involved in training and consultancy for churches and children’s leaders, Powerpack has been invited to lead the children’s ministry for very large family camps and this has been a significant part of the charity’s activity in this country and to a lesser extent, overseas. However, involvement in Spring Harvest in April ’24 may well be the last such event in the foreseeable future. There were various reasons for this; a lower demand for the service since covid, changes in availability and rising costs of organizing such events.
However the amount of consultancy and training has continued to grow with more churches wanting help and advice in running their children’s ministry. Once again our conference in March was very well received with above 80 delegates from various parts of the UK. Powerpack Ministries were also represented in Eastbourne at the Hand In Hand Children’s Leaders annual
conference and were involved in offering training. Return visits for ongoing consultancy and for further training events were made to Argentina and America and also to Norway.
Financially, the total income for the year was £34,920 and the total expenditure was £41,343 so overall there was a loss of £6,423. The reason for this is the continued drop in income through the sale of resources both online and from exhibitions and events. However, the trustees feel that, given the healthy state of the Trust, and the continuing needs of children with the training and resourcing of children’s leaders, it is well placed to fulfil its objectives in the coming year.
Signed ..................................... (Trustee) Emma Brackley Date ……30/01/25…………………
Independent Examinerfs Report to the Trnstees of The Powerpack Trust I report to the Trustees on my examinatlon of the accounts for the year ended 31st March 2024. Respective responslbllltles of Trustees and Independent Examlner The Trustees are responslble for preparlng the accounts. The charlS Trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charitie5 Act) and that an independent examination is needed. The charitys gross income did not exceed £250,0(Xl and l am qualified to undertake the examination by being a qualified member of The soSc13t10n of Chartered Certified Accountants. It is my responsibility to: examine the accounts under section 145 of the Charities Act 2011. follow the procedures laid down in general directions given by the Charity Commission (under section 145(5)(b) of the Charities A¢ and state whether particular matters have come to my attention. Basls of Independent Examlnerfs Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanatlons from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and consequently no opinion is given as to whether the accounts present a -true and falr VIev and the report is limited to those matters set out in the statement below. I have completed my examination. I confimr that no material matters have come to my attention in connection with the examination giving me cause to believe that, in any material respect: accountsng records were not kept in accordance with section 130 of the Charities Act, the accounts do not accord with such records. I have no concerns and have come across no other matters in connection with the examination to which attention >hould be drawn in this report in order to enable a proper understanding of the accounts to be reached. Dated.. 291OV2025 Slgned: L C. Grant FCCA MAAT The Kilns, Lynwick Street. Rud8wick. Horsham RH12 3DG
The Powerpack Trust
Statement of Financial Activities for the Year Ended 31st March 2024
| Note Incoming Resources Charitable donations Books, tapes and merchandise Course advisors Sundries Total Incoming resources Resources Expended Direct Charitable Expenditure Course advisors and conference fees Governance Costs Books, tapes and merchandise Gifts Management and administration 6 Total Resources expended Net Incoming/Outgoing Resources for the year Grants received |
Unrestricted funds Restricted Funds Total Funds 825 18980 19805 14901 14901 214 214 0 0 15940 18980 34920 467 1672 2138 467 1672 2138 3206 0 3206 5924 1587 7511 17369 11118 28488 26499 12705 39204 26966 14376 41343 -11027 4604 -6423 Year to 2024 |
Year to 2023 Total Funds 22959 16923 249 40 0 |
|---|---|---|
| 40171 | ||
| 4161 | ||
| 4161 2326 8015 26428 |
||
| 36769 | ||
| 40930 | ||
| -759 |
The Powerpack Trust
Balance Sheet as at 31st March 2024
| 31st March 2024 | 31st March 2024 | 31st March 2023 | 31st March 2023 | ||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Non Current Assets | 2 | 3762 | 3379 | ||
| Current Assets | |||||
| Debtors and Prepayments | 3 | 240 | 240 | ||
| Inventories | 4 | 3084 | 5402 | ||
| Cash at Bank and in Hand | 71969 | 75292 | 76883 | 82525 | |
| Less: Current Liabilities | |||||
| Accruals | 5 | 0 | 0 | 0 | 0 |
| Net Current Assets | 75292 | 82525 | |||
| Total Assets less Total Liabilities | 79054 | 85904 | |||
| Represented by: | 14140 | ||||
| Unrestricted Funds | |||||
| Balance as at 1st April | 71337 | 72096 | |||
| Add surplus / deduct deficit for the year | -6423 | -759 | |||
| Balance as at 31st March | 64914 | 71337 |
We, as Trustees, have examined these accounts and approved them:
Signed: (1) (2) rs." Date 30/01/2025
E. Brackley
P. Herridge
The Powerpack Trust
Notes to the Accounts for the Year Ended 31st March 2024
1 Accounting Policies
Basis of preparation of accounts The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2005), with current Accounting Standards and with the Charities Act. There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. No changes have been made to accounts for previous years. The accounts have been prepared on a "going concern" basis. Reserves are a minimum of £10,000.
Funds
The charity maintains a general unrestricted fund which may be expended at the discretion of the trustees to further the charity’s objects. Restricted funds represent incoming resources and resources expended on specific projects within the charity where the donor has specified the purpose for which the funds may be used.
Inventories
Inventories are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Resources Expended
These are included on an accruals basis. There are no trustees’ remuneration or expenses. Resources expended are only for direct charitable expenses and governance.
Taxation
As a result of the allowances available to charities, there is no liability to taxation.
Depreciation
Depreciation is calculated to write off the assets over its useful life as follows:
| Motor cars | 25% reducing balance |
|---|---|
| Equipment | 20% straight line |
| Furniture and fittings | 10% straight line |
- 2 Fixed Assets
| Net Book Value as at31st March 2023 Cost at31st March 2023 Additions / disposals through the year Depreciation at31st March 2023 Charge for the year Depreciation at31st March 2024 Cost at31st March 2024 |
2600 32825 35986 1448 1448 561 Total (£) Fixtures & Fittings (£) Equipment (£) Motor Car (£) |
|---|---|
| 2600 34273 37434 561 |
|
| 2600 29446 32607 1065 1065 561 |
|
| 2600 30511 33672 561 |
|
| 0 3379 3379 0 |
|
| Net Book Value as at31st March 2024 | 0 3762 3762 0 |
| 3 Prepayments Deposit Debtors and Prepayments |
0 0 £ 31st March 2024 31st March 2023 £ 240 240 240 240 |
|---|---|
| 4 5 6 Books, tapes and merchandise Management and Administration Exhibitions & Advertising Premises Costs Accruals Accruals Inventories Total Bank Charges Depreciation Printing, Postage, Stationery & Repairs Professional Fees Travel Costs |
Restricted Unrestricted 90 1065 1450 11118 8233 847 661 5025 2024 (£) 0 3084 |
5402 |
|---|---|---|
| 0 | ||
| Total 2023 (£) 85 895 789 18037 659 385 5578 Total 90 1065 1450 19351 847 661 5025 |
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| 11118 17369 |
26428 28488 |
Independent Examinerfs Report to the Trnstees of The Powerpack Trust I report to the Trustees on my examinatlon of the accounts for the year ended 31st March 2024. Respective responslbllltles of Trustees and Independent Examlner The Trustees are responslble for preparlng the accounts. The charlS Trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charitie5 Act) and that an independent examination is needed. The charitys gross income did not exceed £250,0(Xl and l am qualified to undertake the examination by being a qualified member of The soSc13t10n of Chartered Certified Accountants. It is my responsibility to: examine the accounts under section 145 of the Charities Act 2011. follow the procedures laid down in general directions given by the Charity Commission (under section 145(5)(b) of the Charities A¢ and state whether particular matters have come to my attention. Basls of Independent Examlnerfs Report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanatlons from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and consequently no opinion is given as to whether the accounts present a -true and falr VIev and the report is limited to those matters set out in the statement below. I have completed my examination. I confimr that no material matters have come to my attention in connection with the examination giving me cause to believe that, in any material respect: accountsng records were not kept in accordance with section 130 of the Charities Act, the accounts do not accord with such records. I have no concerns and have come across no other matters in connection with the examination to which attention >hould be drawn in this report in order to enable a proper understanding of the accounts to be reached. Dated.. 291OV2025 Slgned: L C. Grant FCCA MAAT The Kilns, Lynwick Street. Rud8wick. Horsham RH12 3DG