Registered number 05232145 Powerhouse Community Network Report and Accounts 31 March 2025 Powerhouse Community Network Registered number: 05232145 Dlrectors. Report The trustees present their report and accounts for the year ended 31 March 2025. Principal actlvities The charitls principal activity during the year was the provision of community seNices and pastoral care. Directors The following persons served as trustees during the year= A.Adediran Trustees, responsibllitles The trustees are responsible for preparing the report and accounts in accordance with applicable law and regulations. Charity law requires the trustees to prepare accounts for each financial year. Under that law the trustees have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting standards and applicable law). Under charity law the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the stste of affairs of the organisalion and of the profit or loss of the organisation for that period. In preparing these accounts, the trustees 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 charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the organisation's transactions and disclose with reasonable accuracy at any lime the financial position of the charily and enable them to ensure that the accounts comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. is report was approved by the board on 11 November 2025 and signed on its behalf. Ip A.Adediran Chairperson Powerhouse Community Network Statement of financlal activities for the year ended 31 March 2025 Unrestricted funds Unrestricted funds 2025 2024 Incoming resources 19,092 44,807 Direct charitable expenditure 13,514 (8,881) 15,578 35,926 Fundraising and publicity Governance costs Other operating income {12,S08) (22,649) Operating surplus 3,070 13,277 Profit on the disposal of tangible fixed assets Profil on the disposal of investments Gain on revaluation of investments Income from investments Interest receivable Interest pay8ble Surplus for the year 3,070 13,277 Powerhouse Community Network Registered number: Balance Sheet as at 31 March 2025 05232145 Notes 2025 2024 Fixed assets Tangible assets 2,020 2,020 1.218 1,218 Current assets Debtors Cash at bank and in hand 4,202 4,202 14,635 14,635 Creditors: amounts falllng due wlthln one year Net current assets 4,202 14,635 Total assets less current Ilabllltles 6,222 15,853 Credltors: amounts falllng due after more than one year Net assets 6,222 15,853 Capltal and reserves ReseNes 6,222 15,853 Shareholder's funds 6,222 15,853 The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audil under the Charities Act 2006. The truslees acknowledge their responsibilities for complying with the requirements of the Charities Acl 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 small charities. A.Adediran Director Approved by the board on 11 November 2025 Powerhouse Community Network Statement of financial activities for the year ended 31 March 2025 Unrestricted funds Unrestricted funds 2025 2024 Incomlng resources 19.092 44,807 Direct charitable expenditure 13,514 (8,881) 15,578 35,926 Fundraising and publicity Governance costs Other operating income 112.508 (22,649) Operatlng surplus 3,070 Profit on the disposal of tangible fixed assets Profit on the disposal of inveslmenls Gain on revaluation of investments Income from investments Interest receivable Interest payable Surplus for the year 13,277 Powerhouse Community Network Notes to the Accounts for the year ended 31 March 2025 Accountlng pollcles Basis of preparatlon The accounts have been prepared under the historical cost convention and in accordance with the provision5 of the Charities Act 2006, and the Charities (Accounts and Reports} Regulations promulgated thereunder, and the Statements of Recommended Practice issued by the Charity Commission. Unrastrlcted funds represent funds which are expendable at the discrets'on of the trustees in furtherance of the objects of the chLtrch and are held in the general fund. Restrlctad funds represent grants and donations received and tax refunds arising Ihereon, which were allocated by the donor for specifi¢ purposes. Dlrect Charitable expendlture Direct charitable expendiluro includes all expenditure which is directly related to the objects of the charity and compris6s grants paid and costs whch are directty attributable lo charitable activities including charitable support costs. Managèmènt and admlnlstration costs Management and administration costs represent expenditure incurred in Ihe management of the assets of the chanty, organisational administration and wmpliance with conslilulional and other statutory r6quir8menls. None of the Trustéos re¢eived any remuneration, nor were paid expensés in thé year ended 3110312021. Grants and donatlon3 There were no accruals for these items at the year end 2 Employees 2025 Number 2024 Numter Average number of persons employed by the company 3 Expenditure by actlvity area: 2025 Acllvlty Area TST Run4Llfe Slckle Cell Ramp Bloodlorgan Prohcl Donallon Total Accounting fees Adminislralive expénsés Advertisinglpublicity Ag6nt51consullancy fees Entertainment & hospitality Equipment Honorarium & gifts Maintenance & repairs Mission Subscriptions Printing Programs Renumortgage Wages and salaries Training Travel Volunteer 6xpenses Website Welfarelresidents free shopping Totals 2200 2200 1436 2535 570 1307 82 2513 1278.43 965 48.3 592.09 157.25 1219.75 350 300 221.35 715.22 82.47 2513.12 120 120 39.49 1008 200 1208 75 74.83 1500 385 1960 104 28.95 400 iooo 2(X> 2(X) 950 1550 1200 5,090 4,331 1.719 4,363 1.322 16.824 Powerhouse Communlty Network Notes to the Accounts for tbp year endèd 3 1 March 2025 4 Creditors: amounts falling due wlthln one year 2025 ?024 Power House Intemational Ministries 5 Credltors: amounts falling du8 after one year 2025 2024 Bank loans Power House International Ministries Powerhouse Community Network Income and expenditure account for the year ended 31 March 2025 This schedule does not fO￿n part of Ihe statutory accounts 2025 2024 Incoming resourc88 Donations 19,092 19,092 44,807 44,807 Direct charltable expenditure Programs and mission expenses Equipment Honorarium and gifts Volunteer expenses Hirellease Travel Hospitality, welfare and security Training and seminar costs 1,208 3,447 82 1,550 1,119 750 626 671 2,268 8,881 570 104 3,514 Governance costs Premises costs Rent and associated costs Repairs and maintenance 2,000 1,012 3,012 2,513 2,513 Governance costs Telephone and web costs Design, printing and postage Payroll and other administrative costs Advertising and PR Depreciation Subscriplions 1,200 39 4,280 1,436 505 1,200 240 12,189 1,903 305 7,460 15,837 Legal and professional costs.. Agentslconsultancy fees 2,535 3,800 12,508 22,649 Powerhouse Community Network Detailed profit and loss account for the year ended 31 March 2025 This schedule does not fomi part of the statutory accounts 2025 2024 Incomlng resources 19,092 44,807 Direct charitable expenditure (3,514) {8,881) Gross incoming resources 15,578 35,926 Fundraising and publicity Governance costs Olher operating income (12,508) (22,649) Net surplus 3,070 Gain on the disposal of tangible fixed assets Gain on the disposal of investments Gain on revaluation of investments Income from investments Interest receivable Interest payable Surplus for the year 3,070 13,277 Powerhous8 Community Network Corporation tax computation Tax reference Period beginning Period ending Accounts period beginning Accounts period ending 1104124 31103125 1104124 31103125 Adjustment of tradlng profits Profit before tax per the accounts Add back disallowable expenses Entertainment Legal & professional fees Parking fines Donations Depreciation and (profit}Iloss on sale of assets Other Capital allowances Add back dividends payable on non-equity shares included in interest payable Deduct non-trading income Interest receivable Property income Loss on revaluation of investments Franked investmenl income Other Income not taxable 3,070 505 Other adjustments Finance lease adjuslments Leased cars Other operating lease adjustments Adjusted trading profit 3,575 Taxable proflts Trading profil Charity relief Losses utilised 3,575 (3,575} Interest receivable Rental income Net chargeable gains Less.. qualifying donations to UK charities Taxable profit Days In accounting period falling In each tax year Days falling in tax year Days in year Tax year 2023 2024 365 365 365 Corporation tax payable Taxable proflt Tax year 2023 2024 Tax rate 19% 19% Corp Tax Corporation tax payable