REGISTERED COMPANY NUMBER: 05651902 (England and Wales) REGISTERED CHARITY NUMBER: 1122674
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Prophetic Resurrection Ministry
International
Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Prophetic Resurrection Ministry International
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
Prophetic Resurrection Ministry International
Report of the Trustees
for the Year Ended 31 December 2021
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Trustees maintains the overview of worship and activities throughout the year including
" Worship and Prayer
" Biblical knowledge and Teaching
" Empowering and discipling the Youth
" Pastoral Care for all congregants
" Evangelism in our community and the world at large
" Prophetic Direction and revelation of God's purpose
To organise Church Services
To run Bible lessons
To hold Crusades, personal evangelism, Seminars and conferences To produce and distribute Christian CDs, books and live videos
To use television, radio and related mechanism for teaching the word of God
Public benefit
Prophetic Resurrection Ministries International welcomes all within its communities and branches. At the heart of our pastoral care is the essence to meet the needs of our congregants and local communities both spiritual, soul and body. The Trustees have assessed the disclosures made in the Trustees' report and consider that these sufficiently detail the significant activities undertaken in order to carry out the charity's aims for the public benefit. When planning the charity's activities, the Trustees have given regard to the Charity Commission's guidance on public benefit.
Our evangelism team regularly go out to preach the gospel in a variety of locations. The outreach team are charged with visiting of the sick, those in prison and hospital. All PRMI activities are available to Christians and non-Christian members.
The church is open to the world at large and there is no restriction to attendance of Church service. The wider community are encouraged to attend PRMI services, celebrating Christian's festivals including Easter, Christmas, New Year Eve Services.
The church has a vibrant youth ministry, overseas ministries, social media prayer ministry, counselling, pre-marital and marital counselling.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
We were very pleased to return to our weekly schedules of worship and prayer meetings. However, the pastoral team and youth ministry have continued to deliver worship and prayers both within the church and through social media to the general public.
Our pastoral care team have continued to take care of those members of the congregation who are unwell, in need or in isolation
Our youth ministry has gradually become widely known and very successful.
During the year we had the privilege of carrying out extensive refurbishment work to our church building. This has modernised the church and made the the environment fit for purpose.
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Prophetic Resurrection Ministry International
Report of the Trustees
for the Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Internal and external factors
The year 2021 was a time of deep spiritual healing. A time to mend the broken hearted, a time to build great hopes and a time for strenthening our faith and belief in God, especially after the devastation of covid-19 pandemic.
The church appears to be growing in leaps and bounds in number of congregants; in volunteers' activities; in pastoral activities; in prayerline subscription and in fellowship groups.
Our social media presence is also expanding.
Our weekly worship, prayers, bible knowledge and teachings are gaining new grounds among the congregants.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
Structure, governance and management
The management of Prophetic Resurrection Ministries International (PRMI) is the responsibility of the Board of Trustees. The board of Trustees manage PRMI on a voluntary basis. The board meets from time to time to plan policies and ensure theses policies are understood and implemented throughout the church.
The Board of Trustees also delegate some powers to the pastoral team to undertake projects and activities considered to be essential for the spiritual and social development of the members as well as in the local communities where the church serves.
Risk management
The Trustees have assessed the major risk to which the charity is exposed, in particular those relating to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate its exposure to the major risk.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05651902 (England and Wales)
Registered Charity number
1122674
Registered office
96 Windmill Road Croydon Surrey CR0 2XP
Trustees
Rev A Amoako P Plange K Obeng
Company Secretary
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Prophetic Resurrection Ministry International
Report of the Trustees
for the Year Ended 31 December 2021
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Alfred K Hanson Association of Chartered Certified Accountants (ACCA) Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
Approved by order of the board of trustees on 1 September 2022 and signed on its behalf by:
P Plange - Trustee
Page 3
Independent Examiner's Report to the Trustees of Prophetic Resurrection Ministry International
Independent examiner's report to the trustees of Prophetic Resurrection Ministry International ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alfred K Hanson Association of Chartered Certified Accountants (ACCA) Hanson & Associates Chartered Certified Accountants Room 19 Anerley Business Cerntre Anerley Road London SE20 8BD
8 September 2022
Page 4
Prophetic Resurrection Ministry International
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 69,855 | 40,194 | |
| Investment income | 2 | 832 | - |
| Total | 70,687 | 40,194 | |
| EXPENDITURE ON | |||
| Raising funds | |||
| Raising donations and legacies | 3 | - | 5,799 |
| Other trading activities | 15,064 | 22,265 | |
| 15,064 | 28,064 | ||
| Charitable activities | |||
| CHARITABLE ACTIVITY | 16,646 | 15,761 | |
| Other | 47,929 | 47,000 | |
| Total | 79,639 | 90,825 | |
| NET INCOME/(EXPENDITURE) | (8,952) | (50,631) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 248,062 | 298,693 | |
| TOTAL FUNDS CARRIED FORWARD | 239,110 | 248,062 |
The notes form part of these financial statements
Page 5
Prophetic Resurrection Ministry International
Balance Sheet 31 December 2021
| 31.12.21 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 468,272 CURRENT ASSETS Cash at bank 38,478 CREDITORS Amounts falling due within one year 9 (700) NET CURRENT ASSETS 37,778 TOTAL ASSETS LESS CURRENT LIABILITIES 506,050 CREDITORS Amounts falling due after more than one year 10 (266,940) NET ASSETS 239,110 FUNDS 12 Unrestricted funds 239,110 TOTAL FUNDS 239,110 |
31.12.20 Total funds £ 481,206 36,675 (700) 35,975 517,181 (269,119) 248,062 248,062 248,062 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
Prophetic Resurrection Ministry International
Balance Sheet - continued
31 December 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 1 September 2022 and were signed on its behalf by:
P Plange - Trustee
The notes form part of these financial statements
Page 7
Prophetic Resurrection Ministry International
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
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Prophetic Resurrection Ministry International
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Deposit account interest | 832 | - | |
| 3. | RAISING DONATIONS AND LEGACIES | ||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Support costs | - | 5,799 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.12.21 | 31.12.20 | ||
| £ | £ | ||
| Depreciation - owned assets | 12,934 | 12,933 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| 31.12.21 | 31.12.20 | |
|---|---|---|
| Principal | 1 | 1 |
| No employees received emoluments in excess of £60,000. | ||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 40,194 | |
| EXPENDITURE ON | ||
| Raising funds | ||
| Raising donations and legacies | 5,799 | |
| Other trading activities | 22,265 | |
| 28,064 |
continued...
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Prophetic Resurrection Ministry International
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Charitable activities CHARITABLE ACTIVITY Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment As restated TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1 January 2021 and 31 December 2021 DEPRECIATION At 1 January 2021 Charge for year At 31 December 2021 NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
Improvements Freehold to property property £ £ 590,000 5,339 118,000 133 11,800 134 129,800 267 460,200 5,072 472,000 5,206 |
Unrestricted fund £ 15,761 47,000 90,825 (50,631) 401,176 (102,483) 298,693 248,062 Plant and machinery Totals £ £ 5,000 600,339 1,000 119,133 1,000 12,934 2,000 132,067 3,000 468,272 4,000 481,206 |
|---|---|---|
continued...
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Prophetic Resurrection Ministry International
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 31.12.21 | 31.12.20 | |||
| £ | £ | |||
| Accrued expenses | 700 | 700 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 31.12.21 | 31.12.20 | |||
| £ | £ | |||
| Bank loans (see note 11) | 26,940 | 29,119 | ||
| Other loans (see note 11) | 240,000 | 240,000 | ||
| 266,940 | 269,119 | |||
| 11. | LOANS | |||
| An analysis of the maturity of loans is given below: | ||||
| 31.12.21 | 31.12.20 | |||
| £ | £ | |||
| Amounts falling between one and two years: | ||||
| Bank loans - 1-2 years | 5,388 | 5,824 | ||
| Amounts falling due between two and five years: | ||||
| Bank loans - 2-5 years | 21,552 | 23,295 | ||
| Amounts falling due in more than five years: | ||||
| Repayable otherwise than by instalments: | ||||
| Other loans more 5yrs non-inst | 240,000 | 240,000 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.21 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 248,062 | (8,952) | 239,110 | |
| TOTAL FUNDS | 248,062 | (8,952) | 239,110 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 70,687 | (79,639) | (8,952) | |
| TOTAL FUNDS | 70,687 | (79,639) | (8,952) |
continued...
Page 11
Prophetic Resurrection Ministry International
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 401,176 401,176 |
Prior year adjustment £ (102,483) (102,483) |
Net movement in funds £ (50,631) (50,631) |
At 31.12.20 £ 248,062 |
|---|---|---|---|---|
| 248,062 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 40,194 | (90,825) | (50,631) |
| TOTAL FUNDS | 40,194 | (90,825) | (50,631) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 401,176 401,176 |
Prior year adjustment £ (102,483) (102,483) |
Net movement in funds £ (59,583) (59,583) |
At 31.12.21 £ 239,110 |
|---|---|---|---|---|
| 239,110 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 110,881 | (170,464) | (59,583) |
| TOTAL FUNDS | 110,881 | (170,464) | (59,583) |
continued...
Page 12
Prophetic Resurrection Ministry International
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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Prophetic Resurrection Ministry International
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | 1 | - |
| Donations | 47,768 | 20,108 |
| Grants | 22,086 | 20,086 |
| 69,855 | 40,194 | |
| Investment income | ||
| Deposit account interest | 832 | - |
| Total incoming resources | 70,687 | 40,194 |
| EXPENDITURE | ||
| Other trading activities | ||
| Rent | 13,200 | 21,310 |
| Waste Collection | 1,864 | 955 |
| 15,064 | 22,265 | |
| Charitable activities | ||
| Rates and water | 4,091 | 6,206 |
| Insurance | 1,229 | 1,200 |
| Light and heat | 2,993 | 1,443 |
| Telephone | 164 | 793 |
| Security Fees | - | 704 |
| Administrative Expense | 2,640 | 3,850 |
| Equipment Expense | 3,019 | - |
| Activity Cost-1 | - | 1,565 |
| 14,136 | 15,761 | |
| Other | ||
| Freehold property | 11,800 | 11,800 |
| Improvements to property | 133 | 133 |
| Plant and machinery | 1,000 | 1,000 |
| 12,933 | 12,933 | |
| Support costs | ||
| Information technology | ||
| Repairs and renewals | 3,354 | - |
| Governance costs | ||
| Wages | 28,262 | 28,855 |
| Carried forward | 28,262 | 28,855 |
This page does not form part of the statutory financial statements
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Prophetic Resurrection Ministry International
Detailed Statement of Financial Activities for the Year Ended 31 December 2021
| Detailed Statement of Financial Activities for the Year Ended 31 December 2021 |
||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 28,262 | 28,855 |
| Social security | 2,680 | 2,770 |
| Pensions | 848 | 1,742 |
| Bank Charges | 332 | 266 |
| Fees & Licence | 1,330 | 2,013 |
| Accountancy and legal fees | 700 | 4,220 |
| 34,152 | 39,866 | |
| Total resources expended | 79,639 | 90,825 |
| Net expenditure | (8,952) | (50,631) |
This page does not form part of the statutory financial statements
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