PFAG – Trustees Report - 2022
Aim and purposes.
The Church board and the Trustees of Power of Faith AoG Church has the duty of cooperating with the Lead Pastor Rev Dr Francis Offeh in ensuring that the vision of the Church- Building a Nation, Transforming Lives and Raising Victors Is realised. The church board and the Trustees also have a responsibility for the day-to-day operations of the church.
Objectives and Activities
The church board together with the Lead pastor is committed to enabling as many people as possible to worship with us and to become part of our church community. The church board together with head pastor ensures that the church service is tailored toward the people and impactful through prayer, scriptures, music and holy communion.
Our yearly activities are planned to offer great benefit to the community in line with the charity commission guidance with particular focus on the advancement of Christianity. Particularly, we ensure that the people in the community live out of their faith as part of our community through worship, prayers, learning the word of God, advancing their knowledge and trust in Jesus Christ. We also provide pastoral care as part of our commitment to the community.
To facilitate this work to the community it is of outmost importance to ensure that we always have a place to worship, currently we meet at Reading Girls’ School for Saturday and Sunday services, but we are working hard towards purchasing our own building.
Achievements and Performance
Prayer and worship
Power of Faith AoG Church offers a range of services during the week and in the year which our community find both engaging and spiritually fulfilling. For example, The Tuesday prayers which is dedicated to praying for the church and the members in the community. Taking part in this session are all the church workers and leaders, and members find it extremely beneficial. The Thursday prayers which are for the entire church provides an atmosphere for members to bring their supplication to the Lord in prayer and has been yielding results. The Monday and Wednesday sessions provide the platform for men and women in the community respectively to meet and pray and sometime discuss social issues. All these meetings are virtual, but the impact is great. The youth in the church also have great opportunity to meet virtually and pray on Monday mornings, Wednesday evenings and Friday evenings. The Saturday in-person prayers provide a great opportunity for members to come and pour out their heart to the Lord. Our Sunday service has provided an intimate and powerful environment for prayer, praises and worship, which members of the community greatly appreciate and engage in
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PFAG – Trustees Report - 2022
Growth
This year we have been successful in welcoming more families into our church community by opening new campus in High Wycombe, and we have seen an incremental growth since it was inaugurated.
The new convert class has helped new members totally come to faith through the teaching and understanding of our statements of faith.
We also had a joint service during our Easter convention where all the campuses came together in Reading for an impacted service. All are welcome to attend our regular services.
By the date of this report, there were 480 members spread across the three campuses, this is made up of; Reading 250(150 adults and 100 children) Basingstoke-103(80 adults 23 children) Newbury-65(35 adults and 30 children) High Wycombe 48(40 adults and 8 children). This growth has been made possible because of the availability of our volunteersChurch Board, those who tidy up the church, Departmental leaders, instrumentalist, Choir, Marriage counsellors, Tower, Children teachers, Sunday school teachers, ushers who served and continue to
The average weekly attendance, counted during the year, was 250, but this number increased d u r i n g f e s t i v e s e r v i c e s and two Christmas carol services had to be held to seat all those who wished to attend.
Pastoral Care
At Power of Faith AoG Church, we know that, at some point in life, everyone travels a difficult journey or situation. Whether grief, depression, loss, sickness, loneliness or more, people sometimes travel this path alone, not having anyone they feel they can turn to, during this time the lead Pastor and other pastors provide Pastoral care through prayers, support and counselling.
Membership and support network
The church is part of AoG inc which meet in a national conference every year to edify ourselves through prayers, songs, sermons etc. Power of Faith AoG also fellowship with evangelical alliance. We also work in close collaboration with 3810 for our safeguarding needs.
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PFAG – Trustees Report - 2022
Administrative information
Power of Faith AoG meets at Reading Girls School, Northumberland Avenue, RG2 7PY. The Correspondence Address is: Office 138, Spaces Waterside Drive 1650 Arlington Business Park Theale Reading RG7 4SA
Trustees and Board members who have served from 1[st ] January 2022 until the date this report was approved are:
Trustees:
Rev Dr Francis Offeh Chairman Rev Richard Oti Boakye Mr Isaac Owusu MS Thelma Fiadjo
Deacons and Deaconess:
Mr Kwaku Afram Mr Francis Boateng Mr Anthony Mensah Mr Kevin Agyare Mrs Patience Koranteng MS Monica Danso
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PFAG – Trustees Report - 2022
Financial Review
Total Receipts for 2022 was £186,806.62 up on 2021 by £94,498.54. This included Covenants and Planning giving of 100,119.70, Gift Aid and VAT refund together brought in £21,864.91 and other voluntary receipts and other collections gave us £24,700 and we also had £88.14 as interest on our balance. The Basingstoke campus also received £8,572.99.
Total Payment for 2022 was £148,396.13, up in 2021 by £50,293.19. The payments for the year included costs of place of worship rental of £30,521.78. Welfare and Hospitality amounted to £11,839.44, Communication and Upkeep of Services together was £19,657.89 and Protocol payments were £47,199.62. Basingstoke also incurred an expenditure of £26,908.75. Other expenditure incurred in the year includes Income tax and pension of £30,521.78 and Insurance of £1,521.38. The net result for the year was an excess of receipts over payments of £38,410.49.
Reserves policy
It is the church’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments, equivalent to £19,000, to cover emergency situations that may arise from time to time.
The balance of £190,000 in the Project restricted fund is retained towards purchasing our own place of worship. Currently, it is in the policy not to invest any of our balances.
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POWER OF FArrH ASSEMBLIES OF GOD CHURCH READING RECEXPT AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST DECEMBER 2022 29.798.14 Covenants 15.033.00 Givln9 13,387.73 Other Collecuons 19,375.03 Other Voluntary R•celpts 15.53 Int•r•5tl dlrect payryont Into kn1d1•ry Kcwits 6, 125.66 Glftald 8,572.99 VAT refiJnd BasIrst0k• ¢•mp 43,I85.$9 56.634.11 150,00 24,550.ts) 88.14 20.214.64 J,650,27 4•,OJJ.•7 51,551.64 Protocol 14,562.31 CThurcb Premise 7,085.47 Income Tax & Pon•lon 0.00 Ught and Heat 0.00 Insurance 188.96 Van 4nd Tra¥•l 412.74 Upkeep ot Seryk¢ 0,00 Malntenanc• ol Chur¢h 0.00 Ststlonery 1,202,74 Medialcommunlcotlon 10.035.95 W•lf•r• •nd HPitalY 4.467.27 OtherylPetty C4shl 8.59S.86 Bosln9Stoke Campuj laL•4 Tot•1 P•ym•nts 47,199. 30,521.78 1302.•4 1.521.JO 5.391.$1 1,451. 11.839.44 2.049.86 26.9)8.7S 144J•O.iJ 18C,144.96 Bal 811 174.350.10 Cash Fund th at 31 Oecèthr 2021 C•sh Pund u •t 31 D•c•thr 2•22 174.350.10 272,760.59 Or Fr•rls Il•hlS•nlor Pastor) Mr Frnnol Boat•n9(F seryry)
PFAG – Trustees Report - 2022
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
Accounting Policies
The Financial Statements 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, 2022 Result
Total Receipts for 2022 was £186,806.62 up on 2021 by £94,498.54. This included Covenants and Planning giving of 100,119.70, Gift Aid and VAT refund together brought in £21,864.91 and other voluntary receipts and other collections gave us £24,700 and we also had £88.14 as interest on our balance. The Basingstoke campus also received £8,572.99.
Total Payment for 2022 was £148,396.13, up in 2021 by £50,293.19.
The payments for the year included costs of place of worship rental of £30,521.78. Welfare and Hospitality amounted to £11,839.44, Communication and Upkeep of Services together was £19,657.89 and Protocol payments were £47,199.62. Basingstoke also incurred an expenditure of £26,908.75. Other expenditure incurred in the year includes Income tax and pension of £30,521.78 and Insurance of £1,521.38
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PFAG – Trustees Report - 2022
INDEPENDENT EXAMINER’S REPORT TO POWER OF FAITH ASSEMBLIES OF GOD CHURCH, READING .
This report on the Accounts of the church from 1[st] January, 2022 to 31st December 2022, which are set out on page five(5) 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 responsibilities of Trustees and Examiner:
As Trustees of the Church, you are responsible for the preparation 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 Directions given 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 audit opinion on the view given by the Accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in any material respect the requirements?
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare Accounts which accord with the accounting records and to comply with the requirements of the Act, as contained in the Church Accounting Regulations 1997 have not been met; or
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To which in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
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PFAG- Trustees Report - 2022 Stmcture, governance and management The method of appointment of trustees and church board members is set out in the Church's constitution. At Power of Faith AOG church, the membership of the Church Board consists of Lead Pastor (Overseer), other Pastors, Deacons and Deaconesses who are appointed. The Board of Trustees is made up of the Lead Pastor who is the chairman and three others who are appointed by the Chairman. The Board of Trustees are responsible for making decisions on all matters of general concern and Importan to the church including decisions on how the funds of the church are to be spent. Acknowledgement We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is. We want to mention our church Deacons and Deaconess- Deacon Nana Boateng, Deacon Francis Boateng Deacon Kevin Agyare, Deacon Anthony Mensah, Deaconess Patience Osei and Deaconess Monica Danso who have worked so tirelessly on our behalf. We want to also appreciate the departmental leaders who have led the various department, and all the other members for their valuable contribution to our ministry and for keeping the church running. Approved by the Trustees on 25th October 2023 and signèd on their behalf by Rev Rlchard Oti (Trustees, Secretary) 12
POWER OF FArrH ASSEMBLIES OF GOD CHURCH READING RECEXPT AND PAYMENTS ACCOUNT FOR YEAR ENDED 31ST DECEMBER 2022 29.798.14 Covenants 15.033.00 Givln9 13,387.73 Other Collecuons 19,375.03 Other Voluntary R•celpts 15.53 Int•r•5tl dlrect payryont Into kn1d1•ry Kcwits 6, 125.66 Glftald 8,572.99 VAT refiJnd BasIrst0k• ¢•mp 43,I85.$9 56.634.11 150,00 24,550.ts) 88.14 20.214.64 J,650,27 4•,OJJ.•7 51,551.64 Protocol 14,562.31 CThurcb Premise 7,085.47 Income Tax & Pon•lon 0.00 Ught and Heat 0.00 Insurance 188.96 Van 4nd Tra¥•l 412.74 Upkeep ot Seryk¢ 0,00 Malntenanc• ol Chur¢h 0.00 Ststlonery 1,202,74 Medialcommunlcotlon 10.035.95 W•lf•r• •nd HPitalY 4.467.27 OtherylPetty C4shl 8.59S.86 Bosln9Stoke Campuj laL•4 Tot•1 P•ym•nts 47,199. 30,521.78 1302.•4 1.521.JO 5.391.$1 1,451. 11.839.44 2.049.86 26.9)8.7S 144J•O.iJ 18C,144.96 Bal 811 174.350.10 Cash Fund th at 31 Oecèthr 2021 C•sh Pund u •t 31 D•c•thr 2•22 174.350.10 272,760.59 Or Fr•rls Il•hlS•nlor Pastor) Mr Frnnol Boat•n9(F seryry)
POWER OF FAITH ASSEMBLIES OF GOD CHURCH READING
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022
Accounting Policies
The Financial Statements 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 2022 Result
Total Receipts for 2022 was £186,806.62 up on 2021 by £94,498.54. This included Covenants and Planning giving of 100,119.70, Gift Aid and VAT refund together brought in £21,864.91 and other voluntary receipts and other collections gave us £24,700 and we also had £88.14 as interest on our balance. The Basingstoke campus also received £8,572.99
Total Payment for 2022 was £148,396.13, up in 2021 by £50,293.19
The payments for the year included costs of place of worship rental of £30,521.78. Welfare and Hospitality amounted to £11,839.44, Communication and Upkeep of Services together was £19,657.89 and Protocol payments were £47,199.62. Basingstoke also incurred an expenditure of £26,908.75. Other expenditure incurred in the year includes, Income tax and pension of £30,521.78 and Insurance of £1,521.38