Registered number
1054917
Power House International Ministries (Essex)
Report and Accounts
31 March 2025
Power House International Ministries (Essex) Registered number: 1054917 Directors’ Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year was the provision of church services and pastoral care.
Directors
The following persons served as directors during the year:
A.Adediran
.
Directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
¢ make judgements and estimates that are reasonable and prudent:
-
¢ prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This feport was approved by the board on 11 November 2025 and signed on its behalf.
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A.Adediran
Director
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1
Power House International Ministries (Essex) Statement of financial activities for the year ended 31 March 2025
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|£|£|
|Incoming|resources|215,027|211,611|
|Direct|charitable|expenditure|(77,251)|(71,833)|
|Gross|profit|137,776|139,778|
|Fundraising|and|publicity|-|(363)|
|Governance|costs|(87,919)|(99,581)|
|Other|operating|income|24,000|32,420|
|Operating|profit|73,857|72,254|
|Interest|receivable|-|438|
|Profit on|ordinary|activities|before|taxation|73,857|72,692|
|Tax on|profit|on|ordinary|activities|-|-|
|Profit|for the|financial|year|73,857|72,692|
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2
Power House International Ministries (Essex) Registered number: 1054917 Balance Sheet as at 31 March 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 635,820 | 637,674 | ||
| 635,820 | 637,674 | ||||
| Current assets | |||||
| Debtors | 4 | - | - | ||
| Cash at bank and in hand | 31,228 | 50,199 | |||
| 31,228 | 50,199 | ||||
| Creditors: amounts falling due | |||||
| within one year | 5 | (2,096) | (2,096) | ||
| Net current assets | 29,132 | 48,103 | |||
| Total assets less current | |||||
| liabilities | 664,952 | 685,777 | |||
| Creditors: amounts falling due | |||||
| aftermore than one year | 6 | - | (69,538) | ||
| Net assets | 664,952 | 616,239 | |||
| Capital and reserves | |||||
| Reserves | 7 | 664,952 | 616,239 | ||
| 664,952 | 616,239 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A.Adediran Director Approved by the board on 11 November 2025
3
Power House International Ministries (Essex) Notes to the Accounts for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment
over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2|Employees|2025|2024|
|Number|Number|
|Average|number|of|persons|employed|by the|company|2|3|
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4
Power House International Ministries (Essex) Notes to the Accounts for the year ended 31 March 2025
3 Tangible fixed assets
| 3 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Equipment | ||||||
| Land and | and | Motor | ||||
| buildings | Furniture | vehicles | Total | |||
| Cost | £ | £ | £ | £ | ||
| At 1 April 2024 Additions Disposals |
611,540 - - |
126,164 4,264 - |
12,747 - (12,747) |
750,451 4,264 (12,747) |
||
| At 31 March2025 | 611,540 | . 130,428 | - | 130,428 | ||
| Depreciation | ||||||
| At 1 April 2024 Charge fortheyear On disposals At 31 March2025 |
- - - - |
100,078 6,070 - 106,148 |
12,699 - (12,699) - |
112,777 6,070 (12,699) 106,148 |
||
| Net book value | ||||||
| At 31 March 2025 | 611,540 | 24,280 | - | 635,820 | ||
| At 31 March 2024 | 611,540 | 26,086 | 48 | 637,674 | ||
| 4 | Debtors | 2025 | ||||
| £ | £ | |||||
| Gift aid tax recoverable | ||||||
| - | - | |||||
| 5 | Creditors: amounts falling duewithin oneyear | 2025 | 2024 | |||
| £ | £ | |||||
| Trade creditors | 960 | 960 | ||||
| 2,096 | 2,096 | |||||
| 6 | Creditors: amounts falling due afteroneyear | 2025 | 2024 | |||
| £ | £ | |||||
| Bank loans Other creditors |
- | 69,538 | ||||
| -- | ||||||
| - 69,538 |
||||||
| 7 | Reserves | |||||
| Profit and loss account Prioryear adjustment |
73,857 | 72,692 - |
||||
| As restated | 73,857 | 72,692 | ||||
| 8 | Otherinformation |
, Power House International Ministries (Essex) is a private company limited by shares and incorporated in England.
5
Power House International Ministries (Essex) Detailed profit and loss account for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Incoming|resources|215,027|211,611|
|Direct|charitable|expenditure|(77,251)|(71,833)|
|Gross|incoming|resources|137,776|139,778|
|Fundraising|and|publicity|-|(363)|
|Governance|costs|(87,919)|(99,581)|
|Other|operating|income|24,000|32,420|
|Net surplus|73,857|72,254|
|Gain|on|the|disposal|of tangible|fixed|assets|-|~|
|Gain|on|the|disposal|of|investments|-|-|
|Gain|on|revaluation|of|investments|-|-|
|Income|from|investments|-|-|
|Interest|receivable|-|438|
|Interest|payable|-|-|
|Surplus|for the year|73,857|72,692|
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|
6
Power House International Ministries (Essex) Income and expenditure account for the year ended 31 March 2025
This schedule does not form part of the statutory accounts
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Incoming resources | |||
| Thites, offerings and gift aid reclaim | 215,027 | 211,611 | |
| 215,027 | 211,611 | ||
| Direct charitable expenditure | |||
| Gifts, honourarium and other welfare costs | , | 21,798 | 13,757 |
| Tapes, books and IT | 23 | 522 | |
| Conventions and programmes | 14,818 | 8,667 | |
| Missions and community engagement | 28,223 | 37,393 | |
| Training and volunteer expenses | 162 | 1,005 | |
| Hospitality | 5,517 | 8,862 | |
| Transport and travel costs | 6,710 | 1,627 | |
| Health, safety and PPE | - | - | |
| 77,251 | 71,833 | ||
| Premises costs | |||
| Mortgage interest and associated costs | 5,014 | 7,503 | |
| Utilities | 8,938 | 7,580 | |
| Repairs and maintenance | 2,284 | 6,116 | |
| Cleaning, hygiene and waste disposal | 531 | 5,239 | |
| 16,767 | 26,438 | ||
| Governance costs | |||
| Telephone and website costs | 1,303 | 1,677 | |
| Printing, postage and other admin costs | 8,521 | 9,165 | |
| Subscriptions | 1,220 | 1,564 | |
| Payroll and pension costs | 47,800 | 46,941 | |
| Bank charges | 1,291 | 1,373 | |
| Insurance | 3,462 | 4,910 | |
| Accountancy and other professional fees | 1,004 | 980 | |
| Depreciation | 6,070 | 6,533 | |
| 71,152 | 73,143 | ||
| 87,919 | 99,581 |
7
| Power House International Ministries (Essex) | ||||
|---|---|---|---|---|
| Corporation tax computation | ||||
| Tax reference | ||||
| Period beginning | 1/04/24 | |||
| Period ending | 31/03/25 | |||
| Accounts period beginning | 1104/24 | |||
| Accounts period ending | 31/03/25 | |||
| Adjustment oftrading profits | £ | |||
| Profit before tax perthe accounts | 73,857 | |||
| Add back disallowable expenses | ||||
| Entertainment | - | |||
| Legal & professional fees | - | |||
| Parking fines | - | |||
| Donations | - | |||
| Depreciation and (profit)/loss on sale ofassets Other |
_. | 6,070 - |
||
| Capital allowances | - | |||
| Add back dividends payable on non-equityshares included | in | interest payable | - | |
| Deduct non-trading income | ||||
| Interest receivable | - | |||
| Property income | - | |||
| Loss on revaluation of investments | - | |||
| Other income not taxable | - | |||
| Other adjustments | ||||
| Finance lease adjustments | - | |||
| Leased cars | - | |||
| Other operating lease adjustments | - | |||
| Adjusted trading profit | 79,927 | |||
| Taxable profits | £ | |||
| Trading profit | 79,927 | |||
| Losses utilised | - | |||
| 79,927 | ||||
| Interest receivable | - | |||
| Rental income | - | |||
| Net chargeable gains | - | |||
| Less: qualifying donations to UK charities | - | |||
| 79,927 | ||||
| Charity relief | (79,927) | |||
| Taxable profit | - | |||
| Days in accounting period falling in each taxyear | ||||
| Days falling | ||||
| Taxyear | in taxyear | Days in year | ||
| 2023 | - | |||
| 2024 | 365 | |||
| 365 | 365 | |||
| Corporation tax payable | ||||
| Taxable | ||||
| Taxyear | profit | Tax rate | Corp Tax | |
| 2023 | - | 19% | - | |
| 2024 | - | 19% | - | |
| Corporationtaxpayable | - |