EMI)OWI,:R GLOBAL CSTO 1991 Annual Report and Financial Statements YEAR ENDED 31ST MARCH 2024 Empower Global | 202.3124 Annual Report & Financial Statemenls Page I EMPOWER GLOBAL {Company limited by guarantee and not having a share capitsl) ANNUAL REPORT OF THE COUNCIL OF MANAGEMENT YEAR ENDED 31 MARCH 2024 The council of management have the pleasure of presenting their report and the audited accounts of the charity for the year ended 31 March 2024. The legal and administrative infonnation set out on page 12 forms part of thls report. The financial 5tstements comply with current statutory requirements, the Articles of Association and the Statement of Recommended Practice - Accountlng and Reportin8 by Charlties 2CK)5 (Revlsed 2008). INTRODuclloN The charity was incorporated on the 5th May 1995 as a company limited by guarantee and not havln8 a share capital. The company was re8iStered as a charity on 16 September 1996. OBjE￿IVEs The objects for which the charlty Is establlshed are: The advancement of the Chrlstian falth by the proclamation and furtherance of the gospel of God. • The promotion of the worsh5p of God by any means whatsoever, including the preaching and proclamation of the Christian gospel; the teachin8 of Christian doctrlne and principles; and the printin8, production and distribution of Christian literature, media products and other resources. The relief of persons In conditions of financial need. or of those persons who are infinn for reasons of old age or sickness. The advancement of education on the basis of Christian principles including the provlsion of educational establishments, materials and bursaries for the general education of children or adults on the basis of such Christian principles. ACHIEVEMENTS AND PERFORMANCE Our objectives are based upon three Charitsble Purposes, which are described in the Charities Act 2006 and are for public benefit: The advancement of religion. The prevention or rellef of poverty. The advancement of education. F=Ii11)nwiei (?lor)a l * ?[)'. J.:'/.,'l Aflfiuai Re?Of I X F.-iiiafir.ial alalJrrieril Page. 2 The total spent on charitsble activities throughout the course of 2023/24 was £1,467,478. The following provides further information on how funds were spent to support our charitable activities. The Advancement of Religion The provision of suitable facilities for church administration. church meetings, and storage of equipment as well as facilities for children's/youth work, Christian training programmes and community outreach pro8rammes. A large proportion of our pastoral care costs are the Salaries of our Congregational Pastors who provide pastoral support, mentoring and ministerial services (such as hospitsl visitstion) to people who attend our congregations. It is not only paid pastoral staff providin8 pastoral care but a large number of volunteers who work as part of our pastoral support team or as Connect group leaders. Providin8 effective administrative support, business management, and financial systems to ensure the aims of the charity are achieved. Such expenditure covers staff salaries, IT equipment, office equipment, financial systems, training, printing, consumables, safeguarding admin. etc. Thls Is necessary to provide a stable operational base for the charity and enables us to carry out our charitable activities in an efficient, safe and lawfvl manner. Leaders are appointed to ensure that the aims of the charity are achleved through our activities. Our costs include the salaries of our Senior and Executive Pastors, who provide vision and direction to the church as a whole. Expenditure also includes the provision of training and support for leaders and other staff. Our church congregations worship tO8ether and grow in their falth. We are contlnually investing in our sound, media and lighting equipment, as well as providing108istical solutions for moving equipment to and from venues to support this. Family Church brings people together from a wide varlety of social and cultural backgrounds. Our church con8regation5 are culturally diverse, and we work hard to provide activitles that appeal to people from all walks of life. Many of the activities we organise have an income through additional donations, contributin8 to the cost of the event. We have youth groups running in Portsmouth, G05POrt, Havant & Waterlooville, and Waterside. which provide a wlde variety of fun, social and spiritual activities for young people throughout the year. All these groups provide positive opportunities and introduce Christian values to children and young people. FORGE is a three-year ministry school that provides opportunities for life-shaping encounters with God, preparing disciples for kingdom living and for the work of the ministry. FORGE launched in September 2022 and runs on a Monday evenin8 from the Empower Centre Portsmouth and follow5 the academic calendar. We distribute books, Bibles, a range of audio and video media and other resource5. to people attending our meetings and courses. All audio and video recordin8s produced by Family Church are made publicly available, free of charge, via our website and app. !(Jlé:Iiienl% We are involved In many initiatives In our communities where our first aim is to show kindness to local people. and as we do thls, we often have the opportunity to share how the Chrlstian faith can have positive impact in people's lives. We provlde advertising, information and training to our church members and the wider community. Our activities have more chance of success with the rlght marketlng; church members need up-to-date Infom)ation in order to support our wide varlety of activitie5; and tralnlng materials need to be provided If we are to expect people to make a positive contribution to our charltable work. Our chlldren's programme provides a fun and safe environment for children where they are taught Christian values appropriate to their age arKI level of understsnding. • We utilise support from other organisations to enable us to work more effectively for the public beneflt. • We hold marriage preparation and enrlchment classe5 and conduct weddin8 Ce￿MonIeS as well as f unerals and baby dedications. The Prevent5on or Rellef of Poverty We have an on80ing relationship with a number of churches and other organlsatlons that work to prevent and relleve poverty. We supported charities working in Zambia, Angola, Moldova, and Ecuador. a5 well as sponsoring our own Family Church congregations and missionaries in the Phllippines. We supported several indlviduals who were in financlal need and provlded assistance to those in crisis situatlons. This has involved asslstln8 With rent payments, putting money on electricity meters, providing emergency loans, and purchaslng necessary items of fvrniture and whlte goods, etc. We provlded emergency food hamper5 to those who do not have baslc provisions because of financial lack. We currently operate our Community Food Support pro8ramme In two locations (Portsmouth and Gosport), receivlng referrals from local agencies such as YouTrust and local Housin8 Offices. We run a franchlse of Baby Baslcs In Portsmouth, providing hampers to expectant/new mothers with provisions for mother and baby, usually takin8 the form of a Moses Basket full of nappies, wipes, f eedlng items, high chairs, cots, bedding, pushchair5, clothes, toys. small furnishings, etc. Referra15 come from local healthcare professlonals. We have also contributed to good mental and physical health through our pastoral care. Thls has included many home, care home and h05Pltal vi5it5 by our pastors and dedicated volunteers who serve in our pastoral support teams. The Advancement of Educatlon We contribute to the spiritual and moral education of children and young people through many of our activities, including our Sunday moming Services and Momentum youth groups. We ran Messy Church in Portsmouth and community kids events at Easter and Chrlstmas. F..: ni'):'Ilhi Pb Kilii(I'J, 121 )1:'?Il li fl¢ Illfil f4L)(Joirl 14 k ina liyl'il itateriier'.t PagLb /1 We engaged with the Assemblies of God Young Lions and Young Lions Juniors programmes which Saw children and young people attend weekend events to further unlock and develop their leadership skills even at a young age. Famlly Church Global Outreach We seek to support charitable work overseas. In the last year, we have made financial contributions to charities in many poverty-stricken nation5. Our sUPPOrt currently extends to Overland Missions (Zambia and Angola), Stella's Voice (Moldova), Verdad Viviente Christian Church (Ecuador). as well as Family Church Makati in Manila, Philippines. We also provide regular 5UPPOrt to a number of missionaries (individuals and families) who work with organisations in other countries that provide relief to those in poverty and share the Christian message. We stay connected through newsletters. emails and vldeo calls. We also hold an annual 'Global Sunday, in each of our Family Church congregations, where we showcase the organisations and missionaries that we support so that people can see what is achieved through the financial 5UPPOrt that is provided by Empower Global. VOLUNTEERS The Trustees recognlse the importance of our volunteers. Worship seNlces and community projects wouldn't be possible without the commitment of our volunteer workforce. Volunteers exist at every level of the organisation, and we're working to ensure they are managed as effectively as our paid staff. PRINCIPAL R15KS AND UNCERTAINTIES As Empower Global is primarily funded by the generosity of Church members, the Trustees are aware that the economic landscape of the country has the potential to impact heavily on the income of the charity, and, therefore, it's ability to carry out it's objectives. A reserves policy. along with monthly and quarterly reviews of financial reports help to manage this risk. As a public-facin8 organisation wlth re8ular open-door events. Empower Global carries out risk management training with relevant stsff to ensure effective assessments are carried out. The charity employs a full-time Business Manager who is delegated the oversight of Health and Safety across the organisation and is also responsible for sourcing and maintaining sultable insurance cover. Safeguarding is woven into the fabric of the organisation through the use of safer recruitrnent practices, robust policies which are regularly reviewed and updated, and appropriate trainin8 for staff, volunteers, leaders, safeguarding leads and trustees. PREMISES Portsmouth The Empower Centre Portsmouth (83-87 Kingston Road, Portsmouth, P02 7DX) continues to be the headquarters of Ernpower Global and Family Church. As well as being the venue for our smaller gatherings and meetings, the premises helps facilitste the rapidly expandin8 work of our community team5. =.1 Iipil'.i11￿I l jlili)dl i ?11'>31')14 4riiiua! Rp()( Irl il r Inarii:I,al %?Idlpri'iLlJIt&' Pagi. S Gosport The Empower Centre Gosport {Layton Road, Bridgemary, P013 OJQ) has continued to serrfe the con8re8ation and local community through the ongoing work of the pastoral and community teams. Havant & Waterlooville The Empower Centre Havant provides a warm and Inviting space for both church gatherings and community event& The Waterloovllle congregation continues to make use of the local Communlty Centre. Waterslde The short-term lease of 19A The Marsh. Hythe, Southampton continues to provlde a facility for our Waterside con8regation as a local office as well as a venue for leaders, meetings. prayer meetlngs. and band practices. General Bulldlng Fund The Trustees declded to repay the outstanding mortgage on the Empower Centre Portsmouth from the Portsmouth buildlng fund. Thls was a balanced declsion based on potential interest savings and the impact on future buildin8 plans and opportunities. The repayment was made in March 2024 leaving a single loan on the Ernpower Centre Havant Ic. £102,000 as of 311312024). CHURCH HEALTH A word from our Church Health Pastor At Family Church, we contlnually look to champion the health of the church through measurin8 progress, diagnosing areas needin8 improvement, and committlng to change where reouiied. Havin8 been involved in the Assemblies of God (AOG) Church Health pllot throughout 2022123, we formed a Strategy Team, made up of people from across the Famlly Church con8re8atlons. The Strategy Team15 tssked with helplng to turn vislon into reallty by bringing practical and worf(able steps to the vision set out by the senlor leadership of the church. Throughout the latter stsges of 2023. this team took a fresh look at dlscipleshlp within Family Church and brought forward a number of recommendations that have be8un to be outworked in the church. Future proposed projects for thls team include creating a leadership and church 'planting' strategy. Numerically, this past year has again been one of growth across our congregatlons. Between January - March 2023, our average Sunday mornin8 attendance across our congregations was 801 (2022: 623). Over the same time period in 2024, our average Sunday morning attendance had risen to 963 (a 20 increase). The m05t noticeable growth has come in our Portsmouth congregation, whlch Saw a 22% increase in attendance over that period Uan.March '23: 460; Jan-march '24: 561) Over the past 12 months, we have seen 1,027 people attend one of our services for the first tlme. We have seen 199 people respond to the gospel, 45 people have completed our'welcome Home, course (aimed at new Christians and those who are new to Family Church) and 48 people have been baptised. Steve Cdrey, Con8regatlon & Church Heafth Pastor L-" Itiil )bV%)r i )IGThiial ?i)).'.11?4 ilnni.14114L J'.)f l SJ l-lr iarir.ldl Sl4iQ.fiiciiil Whole Church Attendance by Monlh As a multi-congregational church we work hard to maintain the values and culture of Family Church in all of our congregations. Our Congreg3tional Pastors meet together every week to discuss vision, provide support to one another and discuss any issues that need addressing. 1030 8)4 We consider our attendance figures to be one of the signs of the general health of the church so we keep a record of numbers attending each congregation. We also use these figures to apportion 'national' income and expenditure. dn.. ii(I rv ..l¢irc PRINCIPAL FUNDING SOURCES Funding for Empower Global comes principally from the donations of those who attend Family Church. Additional donations come from individuals who do not attend Family Church, but who wlsh to support our charitable work (particularly our community projects and overseas work). Indlviduals who attend Family Church make regular financial donatlons to support the work of the charity and donors are encouraged to Sl8n a Gift Aid declaration in order to maxlmlse their giving. Empower Global has been the grateful recipient of several grants rnade by local authorities and businesses seeking to support our community work. RELATIONSHIPS WITH OUR LOCAL COMMUNITIES All of our congregations are part of their local community. We are pleased to be able to invest in events and projects that serve the people in those communities and strengthen the relationships we've formed. In Portsmouth, we continue to offer our Tot5 and Toys group that runs on Monday mornings durin8 term time. Messy Church run5 on the third Wednesday of the month. At Christmas, our team provide Christmas hampers to local families in need. This includes a traditional Christmas dinner, gifts for all the family and a bag of treats. Acr055 the year, the Community Food Support programme provided more than 5,Tr)O food parcels to more than 500 familie5 across Portsmouth and Gosport. This wa5 made possible by the ongoing support of Portsmouth City Council, several businesses and the kind generosity of our community. Our referring bodies include local schools, Health Visitors, Social Workers, Advice Portsmouth and Citizens Advice, among others. F I11[11)wef CJ Inbeil121l2 71 ?A Annudl R600rl 8 Firiani'i¢il Sla leriierils FINANCIAL REVIEW On a monthly basis. the finance team produces management reports showing the performance of each of our church congregations as well as the charlty as a whole. Our accountin8 Structure is based on an accrual system to allow us better opportunities to manage the f inances more effectively whilst maintainlng strict controls over spending SO that the charity's resources are used senslbly and efficiently. The totsl annual Income for 2023/24 was £1,642,094, whlch was a 10.4% Increase on 2022123 (£1,487,802). The monthly regular unrestrlcted glvlng through tlthes and offerings saw a decrease of 3.9% from £927,312 in 2022123 to £891,197. Ernpower Global made an operatlng profit of £174.616, with an increase in unrestricted funds from £730,145 in 2022123 to £1.021.318. Current assets, includlng cash In hand and in the bank, decreased by 9.3% over the course of the year to £744,271. Total expenditure increased by 0.5% from £1,459.487 in 2022123 to £1,467.478 in 2023124, wlth £1,304.017 of that being ministry-related expenditure, and £152,721 relating to the administrative operatlon of the charity. Wlthin the minlstry-related expenditure, Empower Global gave £64,807 towards global mlsslons projects to support those in need across the world, wlth £45.853 comlng from restricted funds. In addltion to our regular public services and events. Empower Global also gave £96,457 towards local projects to support those in need In our community• wlth £72,393 coming from restrictsd funds. In 2023/24, a totsl of £571.175 was pald out In salaries/wages, including those that are perrnanently placed wlthin the communlty to lead and provide pastoral support to our local con8re8atlons, alon8 Wlth the administrative management of the charity. None of the Director51Trustees were paid during this period. No Indlvldual member of staff is In recelpt of a stipend/salary in excess of £60,000, includin8 all payments relatin8 to the provision of a suitable manse, where appropriate. INVESTMENT POWERS AND RESTRICTIONS The charity is authorised to invest the monies of the charity not immediately required for Its purposes, in or upon such investments or property as may be thought fit, subject to such conditions as may be imposed or required by law and subject as provided by the Articles of Association. RESERVES POLICY The current policy requires the equivalent of 6 weeks of expenditure to remain in reserves, and the Church has long held a healthy surplus to this requiremenL There is an upcoming review to consider covering a longer period. ?Il-• 3, 211 AIiliLJc)I RF.()()f1 è4 '11l11fl(:ial ,Slaitsiiiefl j: PLANS FOR THE FUTURE Growth of Farnily Church We will continue to help Christians grow in their faith through a wide variety of initiatives. This includes providing meaningful worship services and effective Bible teaching; running appropriate courses to equip Christians in their daily lives; helping Christians to develop mutually sUPPOrtive friendships through small group activities; providing opportunities to 8et involved in the charity's community and global outreach: and training and supporting church leaders. We want to have a positive impact on our communities and wlll continue to provide serv5ces to our local communities, networking with other organisations wherever possible. Through the work we do in our local communities, we hope people will realise the positive impact that the Christian faith can have on their lives. We encourage people who attend Family Church to share their faith with others. For this reason, we expect the number of people attending the congregations of Family Church to 8row. Multi-congregatlonal Church When approprlate. we plan to open more congregatSons in the UK in order to provide local communltles with a place of worship reflecting the style and values of Family Church. As we equip and send people from Family Church to open new congregations, we provide numerous opportunities for church members to be involved in Christian ministry, Alongslde the numerical growth of our congregations, we will continue to increase the number of small groups that run during the week. Our Connect Groups help to maintain meaningful friendships amongst individuals who are part of our wider church community. As a member of Assemblies of God Great Brltain, we support the drive to see more Churches planted across the country and are considerin8 how best we can facilitate this. Expanslon of Community Projects We wlll continue to work in our communities, aiming to develop and expand our community and outreach pro8rammes. We will continue to use our buildings in Portsmouth. Gosport, Havant, and Waterside to run activities and projects that enrich our communities, as well as hire local faci1Sties when needed. Through Family Church Global Outreach and Overland Mission5, we will continue supporting overseas mission project5 and individuals involved in relief work throughout the world. Suitable Premises for all Congregatlons For the long-term stability of the charity, we are committed to the acquisition and development of premise5 for all of our congregations, startin8 wlth a local 'hub' for each congregation and moving toward prernises that provide enough auditorium space for Sunday services. tr.ii I power bl(Ibcl 11202 JlK2. 4 ,,Iiifiu¢l1 Rp.pcJrt Inr.)ni:iai Sla Ipnieil Ic, Page 9 THE COUNCIL OF MANAGEMENT The Charity is managed by the Council of Management, which is also known as our board of Trustees. There are 24 paid employees19 full-time, 15 part-time as of 31 March 2024) engaged In carrylng out the Charitvs objectives. They are assisted and supported by a large number of volunteer workers. The Council of Management has implemented a risk management strategy which reviews. on an annual basis, the risks that the charity may face. Systems and procedures are deslgned to manage the risks Identified and to minimise the potential impact on the charity should any of these risks materialise. The Trustees delegate the day-to-day runnlng of the charlty to the Senior Leaders and Managers. The Trustees commlssloned the creation ot a Governance Health Policy, which is intended to clarify responslbllitles and decision-makln8 abilities within the management of the charity. Currently. Trustees are involved In declsions that have a lasting financial impact. Examples Include the creatlon of new paid roles and the sale or purchase of property. The Trustees hold ultimate responsibllity for decisions on salaries and pay reviews. They are responsible tor the salaries of senior members of stsff. RECRUITMENT AND APPOINTMENT OF THE COUNCIL OF MANAGEMENT The Council of Management of Empower Global takes serlously the recruitment and appointment of members of the Council, Potential trustees are recruited on the basis of their existlng Interest and involvement in the charity and the skills and experience they add to the Council. Trustees are appolnted by the Councll of Management through election in accordance with the Articles of Association. Three new Trustees were appointed to the board in May 2024. TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparlng the Annual Report and the flnancial statements In accordance wlth applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Company law requires the Directors to prepare for each financial year. financial ststements. which give a true and fair view of the state of affairs of the company and of the surplus or deficit for that period. In preparing those accounts, the Directors are required to: • select sultsble accountlng policies and then apply them consistently; • make judgements and estimate5 that are reasonable and prudent: state whether applicable accounting stsndards have been followed. subject to any material departures disclosed and explained in the accounts; prepare the accounts on the going concern basis unless it is inapproprlate to presume that the company will continue in operation. The Directors are responsible for keeping proper accountin8 records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of f raud and other irregularities. i-. ni,),')'•Jf!r lil()r);..}I I ()?. '4IL4 Afji'ii Ji4t trKF3w)Oi i I. F-jlldllr.ial %ialenvnl'" As far as the Directors are aware, there is no relevant audit information of which the auditors are unaware. Each Director has taken all the steps that they ought to have taken as a Director in order to make themselves aw3re of any relevant audlt Information and to establish that the company's auditors are aware of that information, This report has been prepared in accordance with the special provisions for small companies under Part Vll of the Companles Act 1985, and in accordance with the Statement of Recommended Practice - Accountlng and Reporting by Charlties 20051Revised 2008). Slgned and approved on behalf of the councll of management on Ii/,/t Wayne Keeplng Dlrector i?)po','Iv.r nili?Df1.1 ?G2ii24l ilrinLldl R tr.porl & Fi•1 1¢ IILial SiJlLllI)ei71,' .14p_ I I EMPOWER GLOBAL (Company limited by guarantee and not having a share capitsl) ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED COMPANY NUMBER: 3053642 REGISTERED CHARITY NUM8EIi. 1058285 DIRE￿ORs AND TRUSTEES Mr W Keepin Mr S Ookubo lappointed 27 Aprll 20231 Mr M Fefguson Mrs E Mclntyre (appointed 13 May 2024) Mrs Smlth Iresl8ned 27 Aprll 20231 Ms C Steyn (appointed 13 May 20241 Mrs H Sutherland lappolnted 13 May 2024 Mr M Ward COMPANY SECREfARY Mr S Baker SENIOR PASTOR MrA Elrnes PRINCIPAL ADDRESS AND REGISTERED OFFICE Famlly Church 83.87 Klngston Road Portsmouth Hampshlre P02 70X INDEPENDENT AUDITORS Kni8ht Goodhead Limlted 7 Boumemwth Road Chandler'5 Ford Eastlelgh Hampshire SO53 3DA BANKERS Uoyds Bank plc North End Portsmouth Hampshire P02 OLR 12 INDEPENDENT AUDITORS. REPORTTO THE MEMBERS OF EMPOWER GLOBAL (Company limited by guarantee and not having a share capitall We have audited the financial Statements of Empower Global for the year ended 31 March 2024, which comprise the Statement of Financial Attivities, Balance Sheet. Cash flow Statement and the related notes. The financial reportlng framework that has been applied in thelr preparation 15 applicable law and Unlted Kln8dom A¢countln8 Standards includin8 Financial Reportin8 Standard 102: The Finznciol Reporting Standard applicable to the UK and Republic of Ireland (United Kln8dom Generally Accepted Accountln8 Practice}. In our opinlon, the financlal statements: glve a true and fair vlew of the state of the charitable companWs affairs as at 31 Marth 2024. and of Its income and expenditurÈ for the year ended; have been properly prepared in attordance wlth United Kin8dom Generally Accepted Accountlng Practice,, and have been prepared in accordance wlth the requlrements of the Companies Act 2006. Basls ol oplnlon We conducted our audlt In accordance with Intematlonal Stsndards on Audltln8 (UK) IISAS IVKII and appllcable law, Our responslbllitie5 under those Standards are further described In the Audltorfs responslbllities for the audlt of the financial statements section of our report. We are Independent of the charltable company In accordance with the ethlcal requirements that are relevant to our audlt of the financial statements In the UK, includlng the FRC'S Ethical Standard, and we have fvlfilled our other ethlcal respon51billties In accordance wlth these requlrements. We believe that the audlt evldence we hJve obtalned is sufficient and approprlate to provide a basls for our opinion. Concluslons relatlni tQ 8oln% ¢on¢ern In audltin8 the financlal statements, we have ¢oncluded that the trustees, use of the 801fi8 concem basis of accountSn8 In the preparatlon of the flnanclal statements Is approprlate, Based on the work we have performed, we have not identified any materlal uncertalntle5 relatlng to events or conditions that, Indlvldually or collectlvely, may cast sl8nlflcant doubt on the charltable company's ablllty to contlnue as a golni concern for a perlod ¢f at least 12 months from when the finèn¢ial statements are authorised for issue. Our responsSbllltles and the responslbllltles of the trustees wlth respect to 8oln8 concern are descrlbed In the relevant sections of thls report. Olher Inlovfflatlon The trustees are responslble for the other information. The other Infofmatlon comprises the inforfflatlon Included in the annual report other than the Ilnancial statements and our auditorfs report thereon. Our opinlon on the flnancial statements does nat over the other Information and, except to the extent otherwlse explleltly stated In our reporL we do not express any form of assurance conclusion thereon. In connertlon wlth our audlt of the financlal Statements, our responsiblllty is to read the other Information and, In doln8 $0, considÈr whether the other information Is materially incons15tent wlth the financial ststements or our knowled8e obtalned in the audit or otherwise appears to be materlally m1$5tated. If we identify Such materlal inconsistencies or apparent materlal misstatements, we are required to determine whether there Is a materlal mlsstatement In the flnanclal statement5 or material m155tatement of the other information. If, based on the work we have performed, we conclude that there is a materlal mlsstatement of thls other 5nformatign, we are requlred to report that fact. We have nothin8 to report in thls fe8ard. 13 INDEPENDENT AUDITORS, REPORT TO THE MEM8ERS OF EMPOWER GLOBAL (Company limited by 8uarantee and not having a share capital) Oplnlon$ On other matter$ prescrlbed by the Companles Art 2006 In our opinion. based on the work undertaken In the course of the audlt: the Inforfflatlon 8l¥en In the trustees. report for the flnandal year for whlch the flnanoal statements are prepared Is conslstent with the financial 5tatements,' and the trustees, feport has been prepared In accordance wlth appllcable le8al requlrements. M•tters on whlth w• ar• r•qulr•d to feport by exceptlon We have nothlng to report In respect of the following matters In relatlon to whlfh the Companies Act 2006 and the Charitles (Accounts and Reports) Re8ulation5 2008 requlre u5 to report to you If. In our oplftlon: adequate accounting records have not been kept or retums adequate for our audlt have not been ￿CeIved from branches not visited by us; the flnanclal statements arÈ nat In agreement wlth the accounting records and returns; certain dlsclosures of trustees. remuneratioll 5pecffied by law are not made; we have not recelved all the Informatlon and explanatlon5 we requlre for the purposes of our audlt; or the trustees were not entltled to prepare the flnancl31 statements In attordance with the small companles regime and take advant•8e of the small companles exemptlon In preparing the Trustees. Annual Report and take advantage of the small companles exemptlon from the requlrement to prepare a strnteglc report. Responslbllltles olth• tfttst• As explalned more fully In the trustees, responsibilitles statement, Set out on pa8e 16, the trustees are responslble for the preparatlon of the financlal 5taternents and for beln8 satlsfled that they 8l¥e a true and fair vlew. and for such Internal control as they determlne Is necessary to enable the preparation of finan¢lal statements that are free from mateflal mlsstatement, whether due to fraud or error. In preparln8 the financlal 5tatement5, the tru5tee5 are responslble for assesslna the charltable ￿mpan￿S ablllty to contlnue as ¥ 8oin8 concern. disclosln8. as appllcablt. matters rÈlated to golng concern and usln8 the 8olng concern basis ol accountlng unless the trustees either Intend to IlquSdate the charitable company or to cease operatlons, or have no realistlc alternatlve but to do so. Our r•spandbllftl•s lai the audlt of lh• Ilnanehl statements We have been appolnted as audltor under Companies Art 2006 and report In accordance wlth the Act and relevant re8ulatlons made or havln8 effect thereunder. Our objedlves are to obtaln reasonable a55urance about whether the flnanclal statements as a whole are free from materlal misstatement, whether due to fraud or error. and to issue an audltorfs report that includes our oplnion. Reasonable assurance Is a hl8h level of assurance, but is not a guarantee that an audlt conducted In accordance with 15As IUKI will always detect a material misstatement when it exists. M15Statements can arlse from fraud or error and are cons5dered materlal If, individually or In the a88resate, they could reasonably be exptrted to influence the economle declslons of users taken on the bas•s of these flnanclal statements. Irregularltle5, Includln8 fraud, are Instances of non-compllance wlth law5 and re8ulation$. We deslgn procedures In Ilne with ovr respon51bilities, outlined above, to detect mateflal mlsstatements In respect of Irregularlties, Includin8 fraud. The extent to whSch our pr¢cedures are ¢apable of detectln8 Irre8ularities, includin8 fraud Is detalled below: The en8a8ement partner ensured that the en8a8ement team collectlvely had the approprlate competence, capablllties and skllls to Identify or reco8nlse non-compliance with appllcable laws and regulations. We identlfled the laws and re8ulatlons applicable to the charftable company through dlscu$slons wlth trustees and other manaBement and we assessed the extent of compliance wlth the laws and reBulations Identified above thfough makin8 enqulries of mana8efflent and In5pectln8 legal correspondence. 14 INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF EMPOWER GLOBAL (Company limited by guarantee and not having a share capltal) We assessed the susceptibility of the Charitable company's flnancial statements to materfal rnisstatemer*L including obtaining an understanding of how fraud mlght occur. by makin8 enquiries of rnana8ement as to where they considered there was susteptibility to fraud. their knowledge ol actual, suspected and alle8ed fraud and considering the internal controls in place to mitigate risks of fraud and non-compllance with law5 and re8ulations. To address the rlsk of fraud throu8h mana8ement bias and override Df controls, we performed analytical pr¢xedures to Identlfy any unusual or unexpected relationshlps, tested Journal entrie5 to identlfy unusual transaetlons and Investl8ated the rationale behlnd *niflcant or unusual transactions. In response to the risk of Irregltlaiitles and non4ompliaTrce with laws and regulations, we dÈsigned procedures whlch Included, but were not limited to: a8reein8 financial Statement dtsclosures to undertyin8 SUPPOrtin8 documentation. readin8 the rninutes of meetlngs of those char8ed with governan￿. and enqulring of mana8ernent as to actual and potentlal liti8atson and claims. Thwe are inherent limltatlons In our au(1St procedures descrlbed above. The more removed that laws and re8ulatlons are from fl￿￿cIal transactlons. the less likely It Is that we would become aware of non-compliance. Auditin8 Standard5 also Ilmlt the au(It procedures requ•red to Identlfy non.compllance wlth laws and regulations to enqulry of the trustee5 and other mana8ement and the Inspection of regulatory and legal correspondence, If any. Material misstatements that arise due to Iraud can be harder to detert than those that arise from error as they may in¥ol¥e dellberate concealment or eolluslon. A fwther descrlption of our responsibllltles for the audlt of the flnanclal statemÈnts is located on the Flnancial Reportln8 Council's webslte at: vrtvw.frc.or8.uk. Thls descrlptlon forms part of our avditorfs report. Knl8ht Goodhead Llmlted is ellBlble for appolntment as audltor of the ¢harltable company by virtue of its eli8lblllty for aN)ointment as audltof of a company under section 1212 of the Companles Art 2006. Uie rf our report This report Is made solely to the charltable companvs members, as • body, in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken 50 that we ml8ht state to the charitable companvs members those atters we are requlred to state to them In an audltorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume re5ponslbility to anyone other than the charltable company'5 rnembers as a bady, for our udlt w¢xk, for thls report. or for the opinions w have formed. CJ GOODHEAD FCA Senlor Statutory Audltor For and on behalf of: . Iq Ioufr KNIGHT GOODHEAD UMITED, 5talutory Audltor and Chartered Ac Expondlture Expendlture is reco8nised on an accruals basls as a Ilablllty Is Incurred. It Includ¢5 any VAT and 15 reptyted as part ol the expendlture to which ht relates: Charftable expendlture comprlse5 01 those c05ts Incurred by the charltable cornpany In the dellvery of Its actlvlties and servlces for ils beneficlarles. It In¢ludes both costs that Can be allocated dlrectly to such activltles and those costs of an Indlrect nature necessary ta SUPPQrt them. All tosts are allocated between the expenditure cate8orfes of the Statement of Flnandal Actlvltles on a basls desr8ned to refle¢t the use of the resource. Costs relating to a partScular artlvity are allocated dlrectly. d) Tangible fixed assets Tan8lble fixed a55ets are Induded in the a¢counts at cost, with items Over £S(X) belng capitalised. Depreclation Is provlded on Illed assets lwlth the exceptlon of land) to spread the cost ¢)ver the estlmated useful Ilves of the relevant assets at the fallowin8 rates.. Motor ¥ehlcle5 Flxtures and Èqulpment Computer equlpment Buildiny Bullding Improvements 25% reducin8 balance 20% stralght 4ne 3 years Stralght line 2% straight line 2% strai8ht line EMPOWER GLOBAL (Company Ilmited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (contlnuedl el Stocks Stocks held at the year end for dlstrlbution a￿ stated at fair value, ie an approxlmatlon to their shop cost or a discounted amount where appropriate (for example second hand items). LÈases Rentals pald under operatln8 leases are charged to the Statement of Flnanclal Artl¥ltle5 on a stral8ht.llne basls over the lease term. gl Penslon contrlbutlons The charltable Company partlclpates in a deflned contributlon penslon Scheme. Contrfbutions are ¢har8ed to the Statement of Flnanclal Activltles for the year In whlch they are payable to the scheme. The assets of the scheme are held and mana8ed 5epafately from those of the charltable company. h) Fund accountin8 Funds held by the tharltable company are elther: Unrestrlctsd 8eneral funds Funds whlch can be used In accordance wSth the chailtable oblert5 at the dlscretlon of the trustees. Fund5 set aside by the trusteès out of unrestrlrted 8eneral funds for 5peclflc future purposes or prolect5, ore reflectln8 Investment In property. Funds that can Mly be used for partlcular restritted purposes withln the objects of the charity. Restfi¢tions arise when sperified by the donor or when funds are ralsed lor partlcular rÈstrleted purposes. Oesi8nated funds Réstrlcted funds LEGAL STATUS OF THE CHARITY The charltable company was Incorporated on 5 May 1995 in En8land and Wales and was re8iStered on 26 September 1996 wlth the Charlty Commisslon in En8land and Wales, The Gharltyls a publ1¢ benefit entity. The reglstered office of the tharity is The Empower Centre, 83-87 Kinsston Road, Portsmouth, Hampshlre. P02 7DX. The tharltsble company is limited by guarantee and has no share capital. The Ilability of each member in the event ofwlnding- upls limlted to £1. 21 EMPOWER GL08AL {Company limited by guarantee and not havin8 a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND IEGACIES Restrfcled Unrestrlct lunds lund$ TOTAL 2024 TOTAL 20 Cash donatlons and legacies Gift Aid recoverable Grants Donatlons In klnd 138,069 4.757 195,713 384,857 756,781 134,416 894,850 139.173 195,713 384,857 937,002 152.197 157.332 227,316 TOTAL I)ONATIONS AND LEGACIES 723,396 891,197 1.614,593 1,473,847 STAFF COSTS 1024 2023 Salaries and wa8es Sèclal securlty Costs Penslon contrfbutlons 522,772 31,248 17,155 528,117 25,812 15,595 571.175 569,524 No employees recelved ernoluments ex¢eedln8 £60,IXIO durln8 thls or the prior year. Key management personnel recelved total remuneratlon of £217,76612023: £218.9331 to 5 employees12023: 5 employees), whlch Includes fflanse payment5 of £79.500 (2023.. £73,500 The avera8e number of employees durSn8 the year was as follows: 2024 Number 2023 Number PastlX5 Admln15tratlon Community Youth Facllltles li 12 24 26 22 EMPOWER GLOBAL (Company limited by guarantee and not having a share capltal) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 EXPENDITURE Restrltted Unrnstrf¢ted funds funds Total 2024 Totsl 2023 Costs directly all(xated to actlvlties Wa8e5 and salarles (see note 4) Grants and donations {see note 61 Donations of stock (see note 61 Motor expen5e5 H5re of halls and stora8e Meetln8 expenses Publlcity Hospltallty Travel and subslstence Telephone Prlntln81 POSta8e and stationery Property depre¢latlon Motor depreclatlon L0551{profitl on dlsposal ol flxed assets 72,952 64,801 363,834 3,128 498,223 43.018 571.175 107,819 363,834 15.797 78,570 121,529 3.485 5,571 383 5,301 21,424 6,463 1,999 667 569,524 139,753 355.762 8,596 78,549 113,947 2,977 16,174 499 S,051 18,111 5,852 2.665 {6,2501 1.311.210 12,669 78,570 24,146 3,429 5,327 383 5.301 20,568 6,463 1.999 667 700,763 97,383 56 244 856 603,254 1,304,017 Support costs allocated to actlvlties Offl¢e expenses Fees and sub5¢ription5 Insurance Legal and professlonal fees Repalrs and maintenance Bank char8es Loan interest Equipment dep￿CIatIOn Computer equ¥)ment depfeclatlon 43,036 6,384 10,613 4,708 27,750 5,227 21.026 7,451 1,719 127.914 43,036 6,384 10,613 7,584 48,701 6,207 21,026 7,451 1,719 152,721 37,688 5,848 12,221 3,188 46,697 5,314 18.477 9,347 1,403 140,183 2,876 20,951 24,807 Governance Audlt and accountan 10.740 10,740 10,740 10,740 8,094 8,094 TOTAL EXPENDITURE 628,061 839,417 1,467,478 1.459,487 Intluded within audlt and accountancy above are amounts due to the audrtQfS In relatlon to the audit of £4,20012023'. £3.600) and £6,54Q for other work (2023. £4,4941. The Unrestrlrted funds column represents the activlties of Family Church. EMPOWER GLOBAL (Company limited by guarantee and not having a share capltal) NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF GRANTS Glfts and donatlons made In the year totalled £471,653 {2023.. £495.5151 of whSch £37,718 were 8lven to Institutions and £433,872 to Indivlduals - which Includes 8iviTr8 away items thèt have been donated to us at thelr estlmated value. Glfts over £I.CKIO per Instltutlon are as follow5: 2024 2023 Angel Home Church of New Llfe for All Natlon5 Great Blg Llfe Stella's Volce Assemblles of God 13.500 1,343 21,105 3,969 20,740 TANGIBLE FIXED ASSETS Freehold property Motor Flxtures vehlclej & wulpm•nt Computer •qulprn•nt Toiil COST At beglnnlng of year Addltlons Dlsposals At end ofyear 754,109 30,535 25.125 82,415 8,880 13,586 3,254 875,235 42,669 (5,01)) 912,904 15,0001 20,125 784.644 91,295 16,840 DEPRECIATION At beglnnlry of year Char8e for the y•ar On dlsposals At end of year 147,454 6.463 17,128 1,999 (4,333) 14,794 59,741 7,451 12,614 1,719 236,937 17,632 14,333) 250,236 IS3,917 67,192 14,333 NEf 800K VALUE At end ofyear At be8innln8 of year 630,727 5.331 24.103 2,507 662,668 638,298 606,655 7,997 22,674 972 DEBTOR5 2024 2023 Income tax recoverable Prepayments and accrued Income Other debtor5 18,221 17.681 6,482 42.384 13,504 11,925 4.125 29,554 ?4 EMPOWER GLOBAL (Company limited by guarantee and not havin8 a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: amounts falling due within one year 2014 2023 Bank loans Other creditor5 Accrua15 and deferred Income 3,291 8,035 17,758 29,084 10,404 1.597 12.546 24,547 io CREDITORS: amounts falling due after more than one year 2024 2023 Bank loans 99,273 330,387 The bank loan Is Secured over 47 Botley Drlve, Hav8nL Included In the above, are amount5 due after more than 5 years of £83,683 (2023: £282,433). li RESTRicfED FUNDS Balan¢e at l Aprfl 2023 8•lan¢eat 31 Ma￿h 1024 Income Expendltur• Trnnsl•rs 8ulldln85 and Faclllties 8ulldin8 Fund Church Growth and Vlslon Fund Mlsslons Farnlly Church Global Outreach Communlty Projects Food Support Baby 8asi¢s Community Fundav HDusehold Support Fund SEN 216.376 53,677 1,163 10,369 15.647 (54,9141 1211,8921 9.132 9,184 42,928 {45,853) 6,259 57.519 21,794 2,110 61,148 360,183 2.379 65,152 161,4371 (246,592) {3,213) (61,3051 (1,5791 119,0161 1391 57.230 135,385 1,276 3,847 1.181 22,824 2,760 Connert4Communltle5 Klck5tart Projects for Young People Momentum Supportlng Famlly Church People Ladles mlnlstry Mens mlnlstry Leadershlp Event5 AOG Conference Love Portsmouth ljesus) App One B*xly Coordlnator National Lottery 41.272 39 1.388 50.925 {40,5341 IL779 488 10.725 8,756 16,6301 (8,756) 4,583 3,312 13,312) 11251 {6,1851 162.924> (628,061) 125 7,793 2,160 62.924 3,768 373,821 723,396 (211,892} 257,264 EMPOWER GLOBAL (Company limited by guarantee and not havin8 a share capital) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 li RESTRicfEO FUNDS Icontlnued} Bulldln¢ Fund Members of Famlly Church can donate money speclfically to the churth 'buildlng fund,. Hlstorlcally the money ralsed was for the speclfic aim of acqulrfn8 and equlppln8 a ¢hurth bulldlr% In Portsmouth. Since January 2013 all donatlons to the bulldln8 fund, unle55 8lven for a speclflc con8re8ation'5 exlstin8 or future bulldln& are allocated to the natlonal bulldlng fund whlch Is for acqulrln& developing 4nd equlppln8 bulldlngs used for the purposes of the church, Sn any location where Family Church operates. In prevlous years, accurnulated balances In the Church Growth Fund were incorporated Into the maln Bulldln8 Fund. However, these are now kept separate for each con6re8ation. The transfw out this year represents funds used to pay off the mortgoge on the Empower Centre Portsm¢)uth. Church Growth and Vlslon Fund Each Famlly Church con8re8ation raises funds perlodlcally towards the continued growth of the church. These donations are used for resourc5n8 spedllc communlty outreach projects, for purchasing equlpment, and for actlvltles that facllltate arowth. IO% of funds ralsed by ea¢h ¢on8re8atlon afe dlrected toward the natlonal yowth fund for projects that Impact the whole churth rather than a speclfic eon8re8atlon. Foffllfy Clwr¢h 6lob•l Outreach Mernbers of Famlly Church can donate money speclflcally to overseas MI￿lOn5 that the church supports. Such donatlons are allocated to the Famlly Church Global Outreach F¢Jnd whlch Is used to support the work of or8anlsatlon5 throu8hout the world In the rellef of persons In condltlons ol financial need and to asslst In their care. Where monthly costs exceed the amount ralsed throu8h restricted donatlons, unrestrlcted funds are released to offset the balance. Foodsupport Members of Family Church cèn donate money to Food Support the department of Famlly Chur¢h that provide5 soclal welfare to locil cornmunlties. Such donatlons are allocated to th15 fund and used prlmarlly for the provision of food and other essentlal Item$ to local people. Where Costs exceed the amount ralsed throu8h festrlcted donat5ons, unrestrlcted funds are released to offsqt the balance. Thls fund also includes the value of donations In klnd. (NB thls project was prevlously ulled '&rln8 Hands.") Members of Family Church can donate money to 8aby Baslcs, a department of Famlly Church that provides sodal welfare to local communitle5. Such donations are allocated to this fvnd and used prlmarlly for the provlslon of essentlal baby related Items to local famllles. Where costs eJ¢ceed the amount ra5sed thraugh restrltted donatlons, unre5trlcted funds are released to offset the balance. Th1$ fund also Includes the value of donatlons In klnd. Communlty Fundav The Mana8ement Team set aslde unrestrlcted funds for annual Community Fun Days. These funds, In additlon to restrlcted grants that are provlded by other or8anlsatlons. are used to cover the costs of runnlng these communlty event5. These funds are temporary by nature and do not accumulate balances. Where event wst5 exceed the amount raised throu8h the desl8nated funds and the restricted 8rant5, unrestrlcted funds are released to offset the balance. Hous•holdSupport Fuml Thls Is a restricted fund in our Portsmouth con8fegatlon wlth funds provlded by a 8rant from Portsmouth Clty Councll for use on buylng baby supplies and food for the needy. EMPOWER GLOBAL (Company limited by guarantee and not having a share capital) NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 li RESTRI￿E0 FUNDS Icontinuedl SEN This is a restricted fund In our Havant con8re8ation with fund5 pro¥ided by a speclflc donatlon, for the purpose of 5UPPOrtln8 project5 for children wlth special educatlonal needs. Connert4Comnwnltles Thi515 a re5trlcted fund In our Gosport eon8re8ation wlth funds provided by grants from Hampshlre County Coun¢ll. specificalty for supportin8 those in the communlty with emer8ency food and other essential Items. Klckstart The Kickstart fund was created to receive payments from Portsmouth City Councll, as a 8ateway to the 8ovemment's Kickstart employment scheme, to cover employee costs assoclated wlth three Klckstart placements. We also recelved a 8rant for each Kickstart placement, producln8 an excess of funds to support the placements. 'Momentum' Is the youth mlnlstry of Family Church. It his undertaken fund ra151ng and recelved donations to help fund the C05t of equlpment and youth actl¥ltles 8enerally. Ladles Mlnhtry The ladies rnini5try of Farnlly Churth runs events throu8hout the year, Includin8 breakfasts, retreats and conferences. Any profit 8enerated Is Invested back Into the ladle5 mlnlstry for future events. Where event costs exceed the amount ralsed through donatlons or delegate fees, unrestricted funds are released to offset the balance, Mens Mlnlstry The men's mlnlstry of Famlly Church runs events throu8hout the year, Includin8 breakfasts, retreats and conferences. Anv profSt 8enerated is invested back into the men's mln15try for future events. Where event costs exceed the amount raised throu8h donatlons or delegate fees, unrestflcted funds arr released to offset the balance. Love Portsmouth (Jesusj App Thls fund was provlded by the tharlty, 'Love Portsmouth (Jesus), to pay for the cost of a cltywide prayer Inltlative where streets that have been prayed for are tracked usin8 an app. One Body Coordlnator The One Body restricted fund is made up of donations from local churthes and charitie5 that are fundlng the role of 'One Body Coordlnatorf over a perlod of two years. Thls Indivldual contracted for this role serves the local churches of Portsmouth bv coordlnating meetln8$ and encoura8in8 networkin8. Notlonollottery Thi5 fund represent5 a 8rant provided by the National Lottery to cover the runnin8 CQ5t5 and new equlpment ￿QuIred for Portsmouth Food Supportl8aby Baslcs and Gosport Food Support. 27 EMPOWER GLOBAL (Company limited by guarantee and not havin8 a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 12 UNREsTRI￿EQ FUNDS At l Aprll 2023 At 31 March 2024 Trnnsfer ol funds Incom• Expendlture Gosport Bulldln8 Fund11) Portsmouth 8ulldln8 Fund Natlonal Famlly Church Future Fund Gosport Bulldln8 Fund {21 Church Growth and Wislon Fund Portsmouth Lccal Fund Property capltal fund AOG Conference fund FORGE fund Total desl8nated funds General funds Total unre5trlrted funds 45,000 13.000 2,091 47.200 18,291 72 45,000 (13.0001 12,091) 47,200 18,291 (721 127,4891 (2,903) 120,9291 164,3931 (775,0241 1839,4171 265,864 289,788 528.163 1,097 20,979 20,979 897,719 918,698 395,518 334,627 730.145 287,697 175,805 211,892 639,801 381,517 1,021.318 Included In unrestrlcted funds are monles set aslde by the Trusteis towards future prolerts that the Trustee5 and mana8ement deelde to undertake wlthln the objects of the charlty. The Gosport Bulldln8 Fund111 and Portsmouth 8ulldln8 Fund each represent funds for the development of a l)ulldin8 for the respectlve con8re8atlon. The Natlonal Famlty Church Future Fund is set a￿de for the future development of our con8re8atlons. The brou8ht lorward balance includes the former Gulldford Communlty Church Cafe fund. whl¢h has now been Incorporated Into thls fund. Much of thls fund has been spent on expendlture related to the Guildford area and the trustees have declded thls fvnd 15 no lon8er requlred. The Gosport 8uSlding Fund1215s a fund set aslde for future bulldlni prajects at our slte in Gosport. The Church Growth and Vlslon Fund represents funds ralsed perlodically t¢)wards the continued 8rowth of the church. These donations are used for resour¢in8 speclfic communlty outreach project5, for PUfthasln8 equlpment, and for artlvlties that fadlltate 8rowth. IO% of funds raised by each con8regatlon are direrted toward the national growth fund for proleets that Smpact the whole churth rather than 3 Specific eon8re8atlon. The Portsmouth Local Fund is a set oslde for the on80Sn8 and future dvelopment of our Partsmouth con8re8atlon. The Property Capltal Fund represents the net book value of the freehold property less the outstandlng bank loan at the 8alance Sheet date. The AOG Conference fund comprlses funds desl8nated to cover the costs of pastor5 and relevant staff attendlng the annual A55eMblI￿ of God Conference in Harro&ate, Yorkshlre in May 2023. FORGE Is a bible ¢olle8e run by Famlly Church. Fund5 are ralsed throu8h dele8ate fee5, which cover all the relevant Costs. EMPOWER GLOBAL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 13 ANALYS15 OF NET ASSEfs BETWEEN FUNDS Re$trlrted funds Unrestrlcied lunds TOTAL 20Z4 Year ended 31 Morch 2024 Tan8Sble flxed assets cul￿nt asset$ Current liabilitie5 Lon8 term liabllltles 662,668 487,007 129,084} {99.2731 1,021,318 662,668 744.271 129,0841 (99.2731 1,278.582 257.264 257,264 Restrl¢¢ed funds Unr•strl¢ted lunds TOTAL 2023 Year ended 31 Morch 2023 Tangible fixed assets Current assets Cvrrent Ilabilitles Lon8 term Ilabllltles 638,298 446,781 124,547) 1330,387 730,145 638,298 820,602 124,547) {330,387) 1,103,966 373,821 373,821 14 OPERATING LEASE COMMITMENTS The company has eommltments under operatln8 lease5 whlch fall due as fdlows: 2024 2023 Wlthln one year After more than one year 20.079 85,872 105.951 20,079 104,316 124,395 15 PENSION COMMrrME14TS The company operates a defined Contrlbutlon pension stheme on behalf of certa•n employees. The assets of the s¢heme are held separately from those of the company in an independentty admln15tered fund. The total pension cost durin8 the year was £17,15512023.' £15,595). 16 REL4TED PARfi TRANSAcfioNS Durln8 the year, the charlty made donation5 totallin8 £2,93812023'. £4,123 for two children) to support the mlssion work of two of the children gf Andy Elmes, Senior Pastor. Ouring the year. payments totallin8 £1,98012023', £3,000) were also madé to Great Bi8 Life to support thelr worl a company of which Andy Elmes Is a director. In8 Durin8 the year, the charfty made donatlons totsllin8 £1,343 {2023: £3,969l to Stella'5 Volce. a UK re8lstered charlty of whlch W Keepin& director, is a trustee. Durin8 the yeèr, payments totallln8 £4.125 (Z023: £4,650) were also madÈ t¢ W Keepin8'S daughter, who works 45 a m155ionary wSth Stella's Voice in Moldova. No other expensÈ5 are paid t¢ trustees, excludin8 the reimbursement of costs paid out personally on behalf of the charity. EMPOWER GLOBAL (Company limited by guarantee and not having a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 17 PRIOR YEAR sfATEMENT OF FINANCIAL ACTivmES Restrlrted Unrostrfcted fund$ funds TOTAL 2023 Notes INCOME Donatlons and le8acies Tradlng Income Investment Ineorne 546.535 927,312 12,629 1,326 1.473,847 12,629 1,326 TOTAL INCOME 546,535 94L267 IA87O02 EXPENDITURÉ Chorltable artivitie$ 538,255 921,232 1,459,487 TOTAL EXPENIXTURE 538,255 921,232 IA59N7 NET INCOMVIEXPENDITURE) FOR YEAR 8,280 20035 28,315 NET MOVEMENT IN FUND5 20,035 28,315 Fund balances at l Aprll 2022 365,541 710,110 1,075,651 FUND 8ALANCES AT 31 MARCH 2023 373,821 730,145 1,103,966 The Statement of Flnancial Artivlties Indudes all gains and losses fetognlsed In the year. EMPOWER GLOBAL (Company limited by guarantee and not havin8 a share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 18 PRIOR YEAR FUND MI)VEMENTS RESTRicfED FUNDS Balance at l Aprll 2022 alance 31 March 2023 Income Expendlture Trin5fers Buildlngs and Fac116ties 8ulldln8 Fund Church Growth and Vlslon Fund Mlsslons Famlly Church Mlsslons Fund Communlty Prolects Carln& Hands aby Baslcs Communlty funday PCC School Meals and food hampers SEN Connect4CoMmunltSes Kickstart Pfojects for Young People Momentum Supportlng Famlly Church People Ladles mlnlstry Mens ministry Leadership Events Love Portsmouth (Jesusl App One Body Coordlnator Gfft for Sleuart and Carfa Payne 205,492 66,495 11,143 50,221 (259) 163.0391 216.376 53,677 18,201 41.443 150,460) 9,184 34,545 13,374 3.716 1.542 5.000 9,603 2,356 148.431 223,809 5,182 (125,457) 1215,3891 (6,7881 (1,5421 12,2401 (23,0351 (8,5571 57.519 21.794 2,110 2,760 568 39 14.000 6,240 1,358 21,545 (21,515) L388 2.234 11,051 1,170 112,7971 11,170} 1.625 (1.5iXII 12,0071 12,5001 1538,255) 125 7.793 9,800 2,500 546,535 365,541 373,821 UNRESTRicfED FUNDS At l Aprll 2022 Al 31 March 2023 Tranrfer of funds In¢om• Empendlture 8rldgemary Buildlng Fund Portsmouth Building Fund National Family Church Future Fund Gosport Bulldin8 Fund Church Growth and Vtslon Fund Portsmouth Local Fund Property capltal fund AOG Conference fund Total designated funds General Funds 45.OCM) 13,000 26,098 47.862 18,291 17.271 258.776 45.000 13,fy)0 2,091 47,2(M) 18,291 72 26S.864 124,11071 16621 658 (17,8571 (24,4211 31,509 4.000 4,658 936,609 941,267 426.298 283,812 710.110 166,9471 1854.2851 1921,232) 31,509 13L5091 395,518 334.627 730.145 Total unrestrlcted funds 31