PFAG – Trustees Report - 2021 In accordance with the statutory requirements of the Charities commission, the board of trustees of Power of Faith AoG Church do hereby present their annual report for the financial year ending 31[st] December 2021. This report has been prepared in line with the current statutory requirement of the charities governing documents. ## **Aims and Objectives** The main objectives of Power of Faith Assemblies of God Church are: 1. To teach and help members of the community to study the word of God 2. To provide the needed care to the needy and the elderly in the community, 3. To prepare the children in our community to be able to find their Faith and to organise extra communal activities to engage them to channel their energies productively 4. To contribute our quota in making our community a safer place to live In order to realise these objectives the trustees have identified the following operational activities within the charity. - **1** . The church organises bible studies and prayer meetings for all those who are free to come on Saturdays. And on Sundays the Minister leads us to share the word of God with the community members. By doing so the church helps members of the community to study the Bible and admonishes them to emulate the good practices that it teaches. This, in the long run, brings sanity and good moral values into the community. - **2** . The church has in its plans to organise regular visits to organisations that deal with the elderly, the sick, the bereaved and the vulnerable. During these visits we pray for them and we also present gifts and money to support them. Every Sunday drinks and chocolates are shared among the children within the church and this serves as an incentive to some of them to participate in the children’s programme. During the time the children are engaged by the workers of the church, parents benefit by having time to relax from their busy schedules. Indeed, most parents find this very rewarding and therapeutic. - **3** . Through the study of the word of God, The youth in our community are taught good behavioural practices. Also, during the youth meetings, the leadership of the youth ministry educates them on a wide range of topics such as teenage pregnancy, truancy and the use of psychoactive drugs and their associated unpleasant concomitants. All these help the youth in our community to put up good behaviour at home, in schools and wherever they find themselves. This goes a long way to reduce social vices in our community - **4** . We believe that Socialisation is very important, as it brings unity and cohesion. Therefore the church has made it a policy to organise trips and excursions which is open to every member of the community to join. BBQs are also organised for people to be fed. PFAG – Trustees Report - 2021 - **5** . The church organises periodic leadership training for all the church workers. This helps to improve the leadership qualities in the people in our community, especially the youth. ## **Achievements** Some progress was achieved in 2021.These have been outlined below: - More youth took part in our church activities-Saturdays and Sundays and successfully celebrated their day. - The church has continued to grow in numbers as we open more campuses - Their interest in the study of the word of God also grew tremendously which goes a long way to shape their character and behaviour. ## **CHALLENGES** Despite the progress and growth we have seen in the church in the last 16 years, the church has also encountered some challenges which have been outlined below: - One of the challenges faced by the church is the impact of the pandemic on our meetings and membership, even though we streamed our services live and also had virtual prayer meetings, not all were able to connect. Since we returned to the in-person meeting, attendance has not fully recovered to pre-COVID levels. - Having a place of worship is something that is greatly valued today as Christians. Without our own place of worship too sometimes affect attendance and membership due to many different factors In all of these, we continue to trust our faithful God to make a way for us. The church will be working hard towards acquiring its own place of worship in the years ahead. ## **Fund raising** The church organised its annual harvest in November 2021 to raise funds to support the projects and activities of the church. ## **Income Generation** Our main source of income for 2021 was donations from the community, who had the opportunity to ‘Gift Aid’ their past, present and future donations in order to increase our revenue. Our revenue for the year ending 31[st] December 2021 reduced from **£120,215.70** in 2020 to **£92,308.08,** and expenditure incurred increased from **84,866.80** in 2020 to **98,102.94 in 2021** PFAG – Trustees Report - 2021 ## **Governance** The power to appoint Trustees rests on the Chairman and the rest of the Trustees. The Trustees meet once a year at which strategic matters are discussed and considered. A certificate of incorporation of the Trustees as a body corporate was granted by the Charity Commission in 2006 The Trustees who served during the year and the date this report was approved are as follows: - Thelma Fiadjoe - Richard Oti - Isaac Owusu - Dr Francis Offeh(chairman) ## **Risk and Internal Control** The Trustees are fully aware of their responsibilities for ensuring that the Charity has an appropriate system of managerial, administrative and financial controls. The key component of these controls is the risk assessment programme which was introduced and regularly reviewed and updated when considered necessary. This report was approved by the Trustees and signed on their behalf by : ………………………………. Trustee PFAG – Trustees Report - 2021 ## **Investment** The Charity does not invest any of the donations received in any form or fashion. POWER OF FArrH ASSEMBLIES OF GOD CHURCH READING FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEVIBER 2021 Accounting Policies The Financial Statement5 of the Church have been prepared in accordance with the Church Accounting Regulations 1997 and 2006 using the Receipts and Payments method. The Accounts Include monetary transactions, assets and liabilities for which the Church can be held responsible. They do not include the Accounts of informal gatherings of Church members. statement of Assets and Liabilities Only monetary Assets and Liabilities are stated. Closing Bank Balance is shown in the Statement of Assets and Liabilities FINANCIAL SUMMARY Overall 2021 Result Total Receipts for 2021 was £92,308.08, down on 2020 by £27,907.62. This included Covenants and Plannlng giving of 44,831.14, HMRC JRS Grant brought in 19,375.03 and other voluntary receipts gave us 13,387.73. The Basingstoke campus also received 8,572.99 Total Payment for 2021 was £98,102.91, up on 2020 by £13,236.14. The payments for the year included costs of the Church Premise of £14,562.31. Welfare and Hospitality amounted to 10,035.95, Communication and Upkeep of Services together was £1615.48 and Protocol payments were £51,551.64. POWER OF FAITH ASSEMBUES OF GOD CHURCH READING RECEIPT AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST DECEMBER 2021 36,634.76 Covenants 6,566.80 Planned Giving 18,594.70 other Voluntary Receipts 50,095.00 HMRC JRS GRANT/Giftaid Interest from Church account VAT refund 8,324.44 Baslngstoke campus 0.00 RefLJnd 120,215.70 Total Receipts 29,798.14 15,033.DO 13,3&7.73 19,375.03 15.53 6,125.66 8,572.99 240.00 92.308.08 49,678. 14 Protocol 14,040.64 Church Premise 9,256.60 PAYE/Pen51on 0.00 Light and Heat 0,00 Insurance 94,54 Van and Travel 662.00 Upkeep of Service 0.00 maintenan￿ of Church 777.60 Stationery 2,407.06 Communlcation 7,950.22 Welfare and Hospitality 0.00 others 0.00 Basingstoke campus 0.00 0.00 84,866.80 Total Payments 51,551.64 14,562.31 7,085.47 0.00 O.DO 188.96 412.74 0.00 0.00 1,202.74 10,035.95 4,467.27 8,595.86 98.102.94 Excess of Payments over Recelpt$ Bal Blf Cash Fund as at 31 December 2021 185,939.82 180.144.96 Dr Francls Offeh{Senior Pastor) Mr Francis Boateng(Financial Secretary) INDEPENDENT EXAMINER'S REPORT TO POWER OF FAITH ASSEMBLIES OF GOD CHURCH, READING. This report on the Accounts of the CHURCH for the YEAR to 31 December 2021, which are set out on two pages, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and s.43 of the Charities Act 1993. Respective responsibilitSes of Trustees and Examiner: As Trustees of the Church you are responsible for the preparatlon of the Accounts; and you consider that the audit requirement of Regulation 3(3) of the Church Accounting Regulations 1997 and section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to issue this report on those Accounts in accordance with the terms of Regulation 25 of the Church Accounting Regulations 1997 and Regulation 7 of the Charities (Accounts and Reports) Regulations 1995. Basis of Independent Examiner's Report My examination was carried out in accordance with the General Dlrections glven by the Charity Commission under section 43{7) (b) of the Act, found in the Guidance from the Central Board of Finance. That examination included a review of the Accounting Records kept by the Church and a comparison of the Accounts with those Records. It also included consideration of any unusual items or disclosures in the Accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken did not provide all the evidence required in an audit, and consequently I have not expressed an audlt opinion on the view given by the Accounts. Independent Examiner's Statement In connectlon with my examination, no matter has come to my attention". (l)Whlch gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act. and to prepare Accounts which accord with the accounting records and to comply with the requirements of the Att, as contained in the Church Accounting Regulations 1997 have not been met; or (2)To which in my opinion, attention should be drawn In order to enable a proper understanding of the Accounts to be reached. Signed Date r/1 Mr Kwame Amponsah-Antwi Bsc (Hons) MSC Msc FCCA CDipAF