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← Derek Prince Ministries (UK)

2025-06-30-accounts

Charity number: 1123283

DEREK PRINCE MINISTRIES (UK)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

DEREK PRINCE MINISTRIES (UK)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 10
Independent Examiner's Report 11 - 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15
Notes to the Financial Statements 16 - 23

DEREK PRINCE MINISTRIES (UK)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025

Trustees D Guillebaud- Appointed 12 March 2026 R Kolaneci - Term expired 31 December 2025 P Wyns - Appointed 14 December 2025 N Cornick R Paterson

P Lord - Term expired 31 December 2025

Charity registered number 1123283 Principal office PO Box 1637 Northampton NN1 9LH

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity converted into a CIO on 31 May 2019 and is controlled by its governing document, as defined by the Charities Act 2011.

Constitution

Derek Prince Ministries (UK) was established as a charity in 1988, as a charitable company in 2008, and then converted into a charity CIO Foundation on 31 May 2019.

The Trustees present their annual report together with the financial statements of DEREK PRINCE MINISTRIES (UK) for the year 1 July 2024 to 30 June 2025.

Mission Statement

Derek Prince Ministries exists to develop disciples of Jesus Christ, through the Bible teaching of Derek Prince. Our vision is to reach the peoples of the world in a language they can understand, with the Bible teaching of Derek Prince, using every type of media and all forms of distribution, regardless of the economic means of the recipients.

Derek Prince

Derek Prince (1915–2003) was born in India of British parents. He was educated as a scholar of Greek and Latin at Eton College and Cambridge University, where he held a Fellowship in Ancient and Modern Philosophy at King's College. He also studied Hebrew and Aramaic, both at Cambridge University and the Hebrew University in Jerusalem. In addition, he spoke several other modern languages.

While serving with the British army in World War II, he began to study the Bible and experienced a life-changing encounter with Jesus Christ. Out of this encounter he formed two conclusions: first, that Jesus Christ is alive; second, that the Bible is a true, relevant, up-to-date book. These conclusions altered the whole course of his life. After that time, he devoted the rest of his life to studying and teaching the Bible.

He is the author of over 60 books, over 450 audios and 150 video teaching messages, many of which have been translated and published in more than 100 languages.

Derek's main gift was explaining the Bible and its teaching in a clear and simple way. His non-denominational, nonsectarian approach has made his teaching equally relevant and helpful to people from all racial and religious backgrounds. Derek Prince poured himself out to reach the unreached and teach the untaught—to see God's people grow to fulfilling Derek's original calling to be a teacher of the Scriptures, in truth and faith and love, which are in Christ Jesus—for many.

Page 1

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025

Derek Prince Ministries today

Derek Prince passed away in 2003, but the ministry continues to expand on a worldwide basis, currently comprising 11 national offices that provide teaching materials and raise funds for DPM outreaches. Outreach offices are also located in more than 50 nations.

OBJECTIVES AND ACTIVITIES

Our Purpose

The objects of Derek Prince Ministries (UK), as established in our founding Deed of Trust, are the advancement of the Christian religion throughout the world by such charitable means as the Trustees see fit. Our primary mission is to provide foundational Bible teaching to those who seek it, ensuring that geographical, linguistic, or economic barriers do not prevent individuals from accessing these resources.

Our Strategic Aims

To fulfil our objects, the Trustees have identified the following core aims:

Delivering Our Objectives

We achieve these aims through a diverse range of outreach projects and distribution methods:

Public benefit

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

DPM (UK) advances the Christian religion by using the printed word, the internet, and other electronic media to provide biblical teaching that impacts lives in spiritual, moral, and practical ways. These publications promote the Gospel and reinforce Christian values, providing clear and identifiable benefits to the spiritual and personal development of the public.

Page 2

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

There is no geographical restriction to these benefits, and our governing document contains no religious restrictions on who may access DPM (UK) services; our resources are available to the general public regardless of their personal faith or background.

To ensure those on low incomes are not excluded, the charity sets resource prices at an affordable level. Furthermore, a wide range of teaching—including books, proclamation cards, and digital content via YouTube, podcasts, and our app—is provided entirely free of charge. This commitment to accessibility is further demonstrated by our dedicated programme providing free Bible teaching materials to prison inmates.

Policies and Governance

Remuneration Policy

The Board of Trustees is responsible for setting the remuneration of Derek Prince Ministries staff. Our policy is designed to provide a fair and competitive reward package that attracts and retains high calibre individuals with the skills necessary to achieve the Charity’s strategic objectives.

To ensure that pay remains objective and aligned with the wider voluntary sector, the Charity utilises an independent benchmarking service. This provides sector-specific data on pay for UK charities of a similar size and scope. The Board uses the market median as a primary guide when reviewing salary bands.

The Trustees recognise that the long-term sustainability of the ministry is inextricably linked to the well-being and retention of our team. The Board remains committed to recognising the worth of our employees and providing practical support to help mitigate the impact of ongoing economic challenges and inflationary pressures. This approach reflects our dedication to responsible stewardship and the care of those who serve the mission of the Charity.

Fundraising

DPM (UK) raises funds to support global outreach efforts through targeted direct mail and digital campaigns. Our fundraising strategy is aligned with priorities determined collaboratively at the annual meeting of DPM International Directors, ensuring a unified global approach. Following these meetings, DPM (UK) communicates specific appeals to our community of supporters, providing detailed information on project goals, emerging opportunities, and prayer needs.

Standards and Monitoring

We are committed to best practice and aim to comply with the Code of Fundraising Practice as set out by the Fundraising Regulator.

Protecting the Public

We take our responsibility toward our supporters seriously. Our communications are designed to be informative and invitational, ensuring that no individual is under undue pressure to give. We have internal processes to identify and protect vulnerable individuals, ensuring that our fundraising remains respectful and ethical.

Impact

Every contribution received is restricted to the specific DPM office or project for which it was raised, ensuring that funds are used for their intended purpose and deliver a tangible impact.

Page 3

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

UK Focused Outreach

Strategic Vision and Impact

The UK office serves as a primary hub for advancing the ministry’s mission across the British Isles, with a core focus on discipleship, evangelism, and pastoral ministry. Our primary objective is to place Derek Prince's foundational Bible teaching resources into the hands of those seeking spiritual truth and transformation, utilising a variety of channels to ensure accessibility for all individuals regardless of their location or economic means.

Core Outreach Initiatives

Digital and Media Outreach

Our UK-focused digital strategy is designed to make Derek Prince’s teachings readily available to a digital audience through multiple platforms. Our dedicated mobile app and radio podcasts serve as a vital content library for thousands of UK believers and have reached nearly 10 million downloads. Furthermore, our DPM World Magazine remains a showcase of our UK outreach; distributed free of charge to our domestic mailing list, it provides testimonies and spiritual encouragement specifically tailored to our UK supporters.

INTERNATIONAL OUTREACH

Global Partnership and Outreach

In addition to supporting our primary work in the UK, as a member of a worldwide fellowship of Derek Prince Ministries offices, we contribute towards the globally funded outreaches of DPM.

Page 4

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

This collective effort is coordinated through the DPM International Council and allows us to share translation costs, leverage global digital platforms, and ensure that Bible teaching reaches the most remote areas of the world effectively. Our funding is directed to specific DPM National Offices and representatives who possess the local expertise required to manage projects on the ground.

Africa Outreach

China Outreach

Strategic Context and the Need for Depth For over 40 years, DPM has served the Church in China, where Derek Prince is known as Ye Guang-Ming ("Clear Light"). Historically, the Chinese house church has been described as being "a mile wide but only four inches deep." This phrase highlights a critical challenge: while the Church in China experienced explosive, miraculous growth (the "mile wide"), the rapid pace of conversion often outstripped the availability of trained leaders and foundational Bible teaching (the "four inches deep"). This lack of theological depth left many believers vulnerable to the influence of extreme cults and syncretic heresies. Our mission is specifically designed to address this gap by providing the systematic, foundational teaching necessary to "deepen the soil" of the Chinese Church, ensuring believers are rooted in the truth of the Scriptures.

Adaptation to Restrictions (2024/25) In response to intensifying domestic restrictions and increased digital surveillance within mainland China, the ministry has adapted its distribution strategy to ensure the safety of local believers:

Former Soviet Republics Outreach

Page 5

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Eastern Europe Outreach

Indian Subcontinent Outreach

Israel Outreach

Page 6

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Middle East and North Africa (MENA) Outreach

Page 7

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

DEREK PRINCE DIGITAL

Strategic Stewardship DPM (UK) is a key partner in our global digital ministry. Together with DPM USA, we cover the core costs of digital platforms to support the worldwide fellowship of DPM offices. By sharing one central system, we avoid the need for regional offices to build their own, ensuring that resources are spent on outreach rather than administrative duplication. This UK-supported hub provides a reliable source of Bible teaching for British believers while equipping the global Church with high-quality discipleship tools.

The Digital Landscape: A Single Source of Truth In an era where the quest for profound life questions often starts online, the role of Derek Prince Ministries is essential. With the rapid rise of AI-generated content and digital misinformation, the UK office is committed to maintaining a single global source of authentic truth. It is now possible for AI to create deceptive, "deep-fake" audio and video that mimics Derek Prince’s voice and likeness, potentially distorting his message.

To counter this, our specialised team ensures that our official platforms remain the verified "gold standard" for his teaching. By providing high-quality, authentic content, we protect seekers and believers from untrustworthy or altered versions of Derek Prince Bible teaching.

YouTube Impact and Global Reach

The 2024/25 period marked a significant milestone for our ministry as the official Derek Prince Ministries YouTube channel surpassed 1 million subscribers . This achievement represents a global congregation of believers and seekers engaging with sound Bible teaching every day.

Multilingual Engagement

Our YouTube presence has expanded with subtitled content in dozens of languages, reaching millions of views across diverse cultures.

Countering Misinformation

By maintaining a robust and verified presence, we proactively counter the rise of AI-generated content and unofficial channels. Our official digital platforms ensure that listeners hear Derek’s actual voice and authentic message, untainted by deceptive or altered content.

Comprehensive Discipleship

Beyond YouTube, our digital strategy encompasses podcasts, mobile apps, and e-books. Derek’s teachings are now widely accessed via the YouVersion Bible App and various streaming platforms, ensuring that "the whole counsel of God" is available to disciple believers worldwide, regardless of their physical location or the local restrictions they may face.

Page 8

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

FINANCIAL REVIEW

Financial Results

Total incoming resources for the year ending 30 June 2025 were £935,876 (2024: £938,265) this represents a 1% reduction from the previous reporting period. After deducting resources expended of £883,752 (2024: £1,286,464) this resulted in a surplus of £348,199 (deficit 2024: -£348,199)

Balance Sheet The net assets of the charity at 30 June 2025 were £2,748,401 (2024: £2,561,193).

Operational Changes and Expenditure

During the 2024/25 financial year, the Charity underwent a restructuring of its international operations. The oversight of our global digital team, along with the responsibility for their associated operational costs, was transferred to DPM USA .

As a result, the annual unrestricted expenditure of DPM (UK) decreased from £998,579 in 2024 to £573,450 in 2025. This move has allowed the UK office to focus more of its resources on domestic outreach.

Reserves policy

The Charity is primarily funded by voluntary donations from individuals; consequently, our income is susceptible to economic fluctuations. To ensure the long-term stability of our global outreach, the Trustees have established a prudent reserves policy of maintaining between six and twelve months of total expenditure in free reserves.

The Trustees adopt a conservative "liquidity-based" approach to calculating free reserves, which excludes tangible fixed assets, stock held for distribution, and long-term investments held for income generation.

Performance and Monitoring At 30 June 2025, the Charity’s net liquid free reserves stood at £816,720 (2024: £827,424). While the absolute value of our reserves remained consistent with the prior year, the transfer of global costs to DPM USA significantly lowered our monthly expenditure. Consequently, our reserves now represent 17 months of cover based on our current spending levels, compared to 10 months in 2024.

The Trustees recognise that this current level exceeds the upper limit of our 12-month policy. This increase in "months of cover" is primarily due to significant operational cost-efficiencies achieved during the financial year.

Future Allocation of Surplus Reserves The Trustees recognise that 17 months of cover exceeds our upper target of 12 months. This "surplus" is a direct result of the operational changes made this year and provides a unique opportunity to accelerate our mission within the United Kingdom and to enhance our online platforms to improve global accessibility.

Appointment of new trustees

The existing Board of Trustees are responsible for the appointment of any new trustees, and no outside parties are involved in this process. It is sought to maintain that a broad range of skills and expertise are represented on the board. Prospective trustees are usually identified through a long-standing knowledge and support of the charity or by being known personally to the existing Trustees. They will normally be invited to serve in the capacity of a board advisor for 12 months, to further assess their suitability for the role, and to allow them to become acquainted with the trustee function. Upon completion of this, an invitation to join the board will sometimes follow or they may continue to serve in the role of an advisor.

Page 9

DEREK PRINCE MINISTRIES (UK)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Structure, governance and management

a. Constitution

DEREK PRINCE MINISTRIES (UK) is a registered charity, number 1123283, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

Approved by order of the members of the board of Trustees on 31 January 2026 and signed on their behalf by:

R Paterson

Page 10

DEREK PRINCE MINISTRIES (UK)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025

Independent Examiner's Report to the Trustees of DEREK PRINCE MINISTRIES (UK) ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Institute of Management Accountants UK, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Page 11

DEREK PRINCE MINISTRIES (UK)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Signed:

Dated: 14 December 2025

Kolade Andrew Alli ACMA

The ARK Financial Management Consultancy Ltd 10 Gatcombe Gardens West End, Hampshire SO18 3NA

Page 12

DEREK PRINCE MINISTRIES (UK)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025

Note
Income from:
Donations and legacies
2
Total income
Expenditure on:
Charitable activities
Total expenditure
Net (expenditure)/income
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
Unrestricted
funds
Total
funds
2025
2025
2025
£
£
£
202,535
733,341
935,876
202,535
733,341
935,876
310,302
573,450
883,752
310,302
573,450
883,752
(107,767)
159,891
52,124
210,130
(75,046)
135,084
102,363
84,845
187,208
192,469
2,368,724
2,561,193
102,363
84,845
187,208
294,832
2,453,569
2,748,401		 Total
funds
2024
£
938,265
938,265
1,286,464
1,286,464
(348,199)
434,656
86,457
2,474,736
86,457
2,561,193

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 22 form part of these financial statements.

Page 13

DEREK PRINCE MINISTRIES (UK)

BALANCE SHEET AS AT 30 JUNE 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 6 318,407 314,452
318,407 314,452
Current assets
Stocks 7 48,795 42,275
Debtors 8 40,582 17,665
Investments 9 1,229,065 1,166,908
Bank and cash balances 1,178,298 1,070,523
2,496,740 2,297,371
Creditors: amounts falling due within one
year 10 (66,746) (50,630)
Net current assets 2,429,994 2,246,741
Total assets less current liabilities 2,748,401 2,561,193
Net assets excluding pension asset 2,748,401 2,561,193
Total net assets 2,748,401 2,561,193
Charity funds
Restricted funds 11 294,832 192,469
Unrestricted funds 11 2,453,569 2,368,724
Total funds 2,748,401 2,561,193

The financial statements were approved and authorised for issue by the Trustees on 14 December 2025 and signed on their behalf by:

R Paterson

The notes on pages 15 to 22 form part of these financial statements.

Page 14

DEREK PRINCE MINISTRIES (UK)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Other cash items from investing activities
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Other cash items from financing activities
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in the year
Change in cash and cash equivalents due to exchange rate movements
Cash and cash equivalents at the end of the year
The notes on pages 15 to 22 form part of these financial statements		 2025
£
126,789
(5,647)
(31,618)
(37,265)
20,708
20,708
110,232
1,070,523
(2,457)
1,178,298		 2024
£
8,600
-
29,078
29,078
(10,620)
(10,620)
27,058
1,044,615
(1,150)
1,070,523

Page 15

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

DEREK PRINCE MINISTRIES (UK) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 16

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. Accounting policies (continued)

1.4 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - Office equipment - 33%

1.5 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

1.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 17

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

2. Income from donations and legacies


Restricted
Unrestricted
funds		 Total Total
funds
General		 2025 2024
£
£		 £ £
Donations 152,520
476,344		 628,864 591,020
Interest/Dividends/Gain on 0
106,619		 106,619 123,186
Investment
Legacies 50,015
59,163		 109,178 150,000
Other Income 0
14,870		 14,870 10,273
Property Management 0
11,961		 11,961 15,858
Sales 0
64,384		 64,384 47,928
202,535
733,341		 935,876 938,265

Page 18

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

3. Expenditure on charitable activities

3. Expenditure on charitable
activities
Restricted
Unrestricted
funds		 Total Total
funds
General		 2025 2024
£
£		 £ £
Advertising / Promotion 8,205
42,196		 50,401 39,394
Bank Charges/Mortgage Interest 289
13,713		 14,002 20,259
Cost of Goods Sold 0
33,808		 33,808 53,404
Operational Expenditure 11,935
205,050		 216,985 401,721
Outreach Support 221,429
5,149		 226,578 396,982
Payroll 66,547
222,713		 289,260 253,178
Professional Fees and Insurance 0
8,545		 8,545 16,704
Property Management 0
553		 553 3,591
Rent-Lease 0
4,021		 4,021 3,744
Travel/Accommodation/Meals 1,348
10,037		 11,385 35,947
Web-IT Costs 549
27,665		 28,214 61,540
310,302
573,450		 883,752 1,286,464

Page 19

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

4. Independent examiner's remuneration

Independent examiner's remuneration
2025 2024
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 2,500 2,500

5. Trustees' remuneration and expenses

Neil Cornick received remuneration of £88,676 (2024: £85,626) during the year for services provided as full time UK Director of DPM (UK) and not for his services as a Trustee.

The UK Director’s remuneration is determined by the independent (unconnected) Trustees, with full consideration given to the role's extensive international responsibilities. In addition to leading the UK charity, the Director serves as Chair of the DPM International Council and as a board member for several international DPM offices.

The Trustees recognise that these global roles are integral to the UK function, providing DPM (UK) with essential strategic alignment, shared resources, and coordinated outreach opportunities. By providing this international leadership, the Director ensures the UK charity remains central to a unified mission, maximising the impact of donor funds through collaborative global projects. To maintain total transparency and avoid any conflict of interest, the Director is strictly excluded from all discussions and voting regarding their own remuneration.

Redina Kolaneci provides fundraising services to DPM (UK) through Christian Fundraising Consultancy and received £26,400 (2024: £26,400).

6. Tangible fixed assets

Cost or valuation
At 1 July 2024
Additions
At 30 June 2025
Depreciation
At 1 July 2024
Charge for the year
At 30 June 2025
Net book value
At 30 June 2025
At 30 June 2024		 Freehold
property
£
308,554
-
308,554
-
-
-
308,554
308,554		 Office
equipment
£
54,880
5,647
60,527
48,982
1,692
50,674
9,853
5,898		 Total
£
363,434
5,647
369,081
48,982
1,692
50,674
318,407
314,452

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DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

7. Stocks

2025 2024
£ £
Finished goods and goods for resale 48,795 42,275

8. Debtors

Due within one year
Other debtors
Current asset investments
Unlisted investments (liquid)		 2025
£
40,582
40,582
2025
£
1,229,065		 2024
£
17,665
17,665
2024
£
1,166,908

9. Current asset investments

10. Creditors: Amounts falling due within one year

Other creditors
Accruals and deferred income		 2025
£
13,146
53,600
66,746		 2024
£
16,493
34,137
50,630

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DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

11. Statement of funds

Statement of funds - current year

Unrestricted funds
General fund
General Appeal
Where Most Needed
Digital Outreach
Restricted funds
Africa
China
Eastern Europe
India
Israel
Middle East
Other
Outreach Initiative
Former Soviet Union
UK Outreach
Total of funds		 Balance at 1
July 2024
£
2,306,099
2,178
39,685
20,762
2,368,724
606
(3,615)
(1,110)
418
30,454
81,317
9,027
143
53,033
22,196
192,469
2,561,193		 Income
£
729,195
-
-
4,146
733,341
3,261
107,259
8,706
3,538
25,512
20,189
3,512
169
6,839
23,550
202,535
935,876		 Expenditure
£
(559,508)
(12,726)
-
(1,216)
(573,450)
(8,586)
(102,723)
(5,195)
(7,500)
(4,028)
(106,728)
(7,662)
(2,843)
(36,691)
(28,346)
(310,302)
(883,752)		 Transfers
in/out
£
(62,027)
16,545
(8,593)
(20,971)
(75,046)
4,719
5,834
(1,128)
3,544
(5,242)
121,738
-
3,598
56,315
20,752
210,130
135,084		 Balance at
30 June
2025
£
2,413,759
5,997
31,092
2,721
2,453,569
-
6,755
1,273
-
46,696
116,516
4,877
1,067
79,496
38,152
294,832
2,748,401

Page 22

DEREK PRINCE MINISTRIES (UK)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General fund
General Appeal
Where Most Needed
Digital Outreach
Restricted funds
Africa
China
Eastern Europe
India
Israel
Middle East
Other
Outreach Initiative
Former Soviet Union
UK Outreach
Total of funds		 Balance at
1 July 2023
£
2,166,201
1,359
34,525
151,316
2,353,401
11,132
-
864
360
10,557
60,225
19,334
-
-
18,863
121,335
2,474,736		 Income
£
741,340
2,114
5,160
31,906
780,520
8,215
37,190
12,715
5,436
26,911
26,117
1,322
133
19,193
20,513
157,745
938,265		 Expenditure
£
(601,442)
(1,295)
-
(412,182)
(1,014,919)
(18,741)
(40,805)
(14,689)
(5,378)
(7,014)
(118,568)
(11,629)
10
(37,551)
(17,180)
(271,545)
(1,286,464)		 Transfers
in/out
£
-
-
-
249,722
249,722
-
-
-
-
-
113,543
-
-
71,391
-
184,934
434,656		 Balance at
30 June
2024
£
2,306,099
2,178
39,685
20,762
2,368,724
606
(3,615)
(1,110)
418
30,454
81,317
9,027
143
53,033
22,196
192,469
2,561,193

Page 23