CHARITY REGISTRATION NUMBEEL. 1148592
POWERCHURCH IIqTERNATIONAL
AnnualAccountsandReports
31 December 2023

POVIERCHURCH INTERNATIONAL
Accounts
Yearended31Deeember 2023
Tru8tees'annualrepDrt
Independentexw4iner'8reporttothetrnstee8
Statement0￿m&￿tIaL aetivities
statement0￿1n2￿Cl￿ poÈition
Notestotheaceouttts
TknfollowlnDa￿￿Oll0tt0Thu partofthe aecounts
DetaiiedstatementotEnanetal artivities
13
Notestothedetailed statementoffinanciaIactivities
14

Trust¢u' Annual R¢port
Yearended31December 2023
The trustees present their report and the unaudited actounts Of the ch&rity for the year ended
31December 2023.
R¢f*Ten￿￿￿aa￿m1ntstratlWt det&lJs
Rtttttst•t*d¢h•rltyJwne
POWERCHURCH INTERNATIONAL LIMrrED
Charlty reglrtratlon nllmb•z
1148592
Prlnclpal offte•
iifj
Cgmberwell
Road
ndon
SE50EE
Thtstrust•È•
Olaidc Falola
Damilola Baiogu
Ad&vtni M8kinde
CONSTITUTION ADOPTED 01/0112012 AS AMENDED ON 0810812012.
ObJectlvewLd act￿t￿
The main 8im of POWERCHURCH INTERNATIONAL LIMITED is to idvanee the Christian faith irl
accordance with Christian principles Énd to encour￿e people to zrow In their relation$hip Jesu8
Christ. The trustees seek to &chieve this by supporting regular worshipi prayer and Bible teaching
and by fost¢ring a caring church community.
During the year the charity carried out religio￿S activities including church services. prayer meeting$
d Christian tea¢hing which were opcn to th¢ g¢ncral public. The trn8¢¢es consider that these
activities help people to learn about the Christian faith. to deepen their spxtitual Jife and to
participate in the life of the church.
The eharity also provides advice, infornitation and pastor21 support to individuals and f•llilies.
offering encouragement. guid8nce and pra¢ti¢aL help where appropriate. Through these activities the
trustees aim to reflect Christian love in action and to contribute positivdy to the wellbeing of the
wider COTnEnunity.
The work of POWERCHURCH INTERNATIONAL LIMITED is focused ￿￿InlY in the London Borough of
Southwark and in Christian ministry and outreach connected with communities in Nigeria. By
operating buth locally intetnationallyi the Ch￿IlY 8eeks to support and Strengthen Chrisuan
faith and pr&ctice in these areas.

Trustees, Annual Repofyoontth
Yearended3 IDeeexnber 2023
AchleveslltntsttttdptrfonllaLe¢
Throughout the year ended 31 December 2023, the activities tsf the thurch continued with increased
In &ttendante to Chllreh aetivities held throughout the year. The chuTch has now incorpoFatrd online
serriL*ts as part of its nonn81 serviees. The Youth, Woman rn￿18try gnd the thurch a3 a whole Iwd a
f2nt&stic training and educative programs organised by the church.
Pl￿ne181r0yIe￿
The totsl intoming resources intteased by approximately 5.03Wo on the previous year12S,268 in 2022
to £26,538 in 20231. TILe totsi resources expended Increased by 24.830/0 on the previous Ye￿I£21,184
in 2022 to £26,445 io 20231. The overall effect resBlted in Net Intome of £93 in2023.
Platssforfutureperlods
Ourpl8ns ftsrthe corning are great.we intend..
l. Toreach outandtodiscipletheunsaved forchrist.
2. ToequipBelieversto berooted8ndgroundedintheWord.
3. Todeyelopa strongmissionary church.
4. Toincreaseehurehattendance.
5. Ti>deYelopanenthusi&stitmultieulturAlchurch.
6. Todevelopa vibrantandgodly Youth Ministry.
7. Topradie2llyengagewYthourlocaleommunityrnore.
RE8ERVEspoueY
Thetrusteesrecognisetheneedtornaintsinres¢rves.Unrestrictedfundsareneededtocoverthe
day-to-day
administration and support costs of the charity and also to haye funds available for speeified projects
in the fvture shollLd the need arise.
The major risks to whith the charity is exposed have been identifjed a8 the safeguarding the assets of
charity and ensuring funds are applied for charitable purposes. Systems and strategies have been put
in place to mxtsgate the￿ risk$. IncollLe And expeAdittJre tjre monitored through the 8eLting Of budgets
which are compared with actud fwires.
The trustees. annual report WA8 approved on 22 January 2024 gnd sisned on ￿h81f of the bwd of
tr￿Stee8 by..
Olaide F￿01a
Trllstee

Independent Examiner's Report to the trustees of POiVERCHURCH
INTERNATIONAL LIMITED
Yearended3 IDecember2023
I report to the trustees ott my examination of the account¥ of POWERCHURCH INTERNATIONAL
LIMrrED (the charity'i Ior the year ended 31 December 2023.
Rè%pOn¥lbllltl￿I￿db8$lsot report
As the trustees of the charity. you are responsible for the preparation of thc accounts in accordance
with the requTrrement$ of the ChatitiES Art 2011 (the Act).
I report in respect of my a¥a￿]nation of the ¢harÈty'$ a¢ttsunts t&rried out under seeuon 145 of the
2011 Act and in carrying out rDy ex8Jrination I have followed all theapplicable Directionsgkven by the
Charity Commission under secuon 14515llbl of the Art.
Jndepend¢nteJaDLln¢r'w*4tsJn¢nt.rn•tt¢rof¢•tte*ttsld*tttlAed
Inconne¢tionwithmy exattiination,nomatt¢rhaÈtometomy&ttention'.
111 whichgives me reasonable causeto beli¢Yethatjn￿YmatenelreSpeCltht requirements..
tokeepaecounting reeordsin&ccordanCe￿th section386 oftheCompaT)3¢sAct 2000,and
to prep￿C accounts which accord with the oC¢Otittting records, comply wirh the accounung
requirements of section 396 of the Companies Act 2006 and with the methods and priticiples of the
Statement of RecomTnended Practic¢= A
counting L￿d Reporting by Charities have not been met. or
121 to which, in TX]y opinion, attention
ould be drawTh in order to enabLe a proper understanding of
the accounts to be reach
Charles Lufad
Independen¢
harl SL f
Co

8tat¢m¢nt of Flnanclal Actlvltles
Year ended 31 December 2023
2023
Unre$tri¢ted
nds Tot•1 fund• Tota]funds
202
Not•
tncomeand¢ndowments
Dontttionsand legacies
26,538
26,538
25,268
Totsllncome
26.538
26,538
25.268
Expenditureoneharitableacti￿tses
26,445
26,445
21,184
Total¢xp¢o4Uture
26,445
26,445
21,184
Net expendlture and net movement In fund8
93
93
4.084
RecoA¢lllatloAoffi￿dO
Totalfundsbroughtforward
15861
3,498
3.498
Tot•lfund#e*ttledfonvArd
3,591
3,591
3,498
TheStatement0￿1￿É￿Cla1&tuVlties1nclUde8allga1llSandl0Ssesreco8niSedl￿theYW. All
income and expenditure derive from continuing ttctivities.

Statement of Flnanclal
Posltlon 3 1 December 2023
2023
2022
Not*
Flxedag8et¥
Tangiblefixedassets
li
CUrrenta￿tt#
Ca5hatb8nkandinlwnd
Debtor
16081
(7011
4.199
12
4199
3.591
3,498
Creditor•: anxounts falllng due *lthln otte year
Net ¢urrext ]l*bUltle#
3,591
3.498
TotalaasetslesscurrentUablUtle8 Ilet
3,591
3.498
assets
Pundsofth¢eltaTIty
Total fund brought forward
unresti'ictedfunds
3,498
93
15861
4Ui44
13
3,591
3,498
These ac¢ounts were approved by the board of trustees and auth0ri8ed for issue on 22 JanuÈry 2024.
and ase signed on behalf of the board by:
Olaide Falola
Trustee

Not¢s to the Accounts
YeaTended3 IDecember 2023
The charity is & publ2c benefit entity and a re8iStered ¢hErity in England and Wales and i5
Lmincorporated. The addre8$ of the princip81 oJTice is 116. c￿￿berWell Road, London, SE5 OEE.
These accounts have been prep￿ed in cO￿PIl￿nCe with FRS 102, The Financi41 Reporting
Standard appJic&ble in the UK and the Republic of ktel8nd', the Statement of Recornrnended
Practsce applicable to Charities prcparing their accounts in aecordance with the Financi
Reportingstandard applitableiti theUK&nd RepublicofIreland IFRS 1021 ICharitiesSORP (FRS
10211 and the Charities Act 201 I.
Accountlnoollcles
a￿a0£preparatIon
The &ceounts have bcen prepared on the historical Cost basis, as modified by the revaluation of
ertain financial assets and liabi]ities and investment properties measured at fair valu¢ through
income or expenditure.
Theaccounts8ttprepAredin sterJing.which Isthefunctionalcu￿entY oftheentity.
Golngconcern
Therearenomateri8JuncertaiThtie3aboutthe ch&rity'sabilityto continue.
Judytlletsts and key Sources of egtlthr4tlots un¢ertalnty
The preparation of the financial statements does not require xnanagemertt to make judgements,
esiimates and assumptions that affect the atnounts reported.
Fund actountlLg
Unrestrieted funds are available for use ai the di8cretion of the tru$tee8 to further any of the
charity $ purposes.
Designated funds are unrestrieted funds C￿Marked by the trustees for particul￿ futureproje¢t
or cotillnitment.
Restrirted ftmds are subjected to restricttons on their expenditure dedared by the donoT or
through the tetrns of an appeal. and f8Jl into one of two sub-classes.. restrirted intome funds or
endowment fynd8.

POWERCHURCH INTERNATIONAL LIMITED
Not¢stothe ACcounts￿￿tInUe
Yearended3 IDecember2023
All incoming resources are included in the statement of artÉvitie$ when entitE¢ment ha$
passed to the charity,. it is probable that the etonotijit benefits associated with the transaetion
will flow to the charity and the ￿noU￿t can be reliably Jneasured. The following specific po]icies
are app]ied to particular categories of income..
income from donations or grants is reco8nised when there is evidente of entitlement to the
. receipt 18 probable 8nd its Amount can be measured rejiably.
Ic8acyincgrneisrecognisedwhenreceiptisprobable and entitlementis establi8hed.
income frojn donated goods is measured at the fair value of the good5 unless this is
impraetieai to measure reliablyb in which case the value 1$ derived from the cost to thedonor
or the estimated resale value. Donated faci]ities and 8ervices 8Te recognised in the accounts
when received if the v&lue cèn be reliably measured. No amount8 are included for the
ontribution of general voluThteeEs.
ititome from totttr&ets for the supply of services is recognised with the delivery of the
tontrarted serrite. This is classifjed as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose gnd returned if unspent, in which
case it may be regarded a5 re3tricted.
Resouree8expended
Expenditure 1$ recognised on an aterual$ b&si8 as a liabtltty is incurred. Expenditure includes
any VAT whÉch cannot be fully recovered, and is dassified under headings of the statement of
financial activities to wkLich it relates:
swenditure0nraisin￿￿ndsinclttdtSthecost￿of8ll￿￿dr81Singat[tWitses,eVents, non-charitable
trading activities, and the sale of donated goods.
expenditure on charitable activities indudes all ¢o$t$ in¢urred by a eharity in undertaking
aetivities that further its charitable aims for the benefit of its beneficiaries, incLuding those
sllpport costs and costs relating to the gOVern￿ce of the charity apportioned to charitsble
activities.
other expenditure indudes all expenditure that xs nexther related to raising funds for the
Ch￿lty uor pgrt of its ezpenditure on charitable Activities.
Ail costs are allocatttl to cxp¢n(liture categories renectlng the use of the re80urce. Direct C08ts
attrtbutable to a sllwe activity are alloc&ted direcuy to that &ttivity. Sh8red costs are&pportioned
between the activities they contribute to on a reasonabl¢* justifiable and etsnsistent basis.
Tanglbte
Tangible assets are initially recorded at cost, and subsequently stttted at cost Less &ny
a¢cumulated depreciation and impairnient losses. Any t3Thgible assets earried at rev21ued
amoutits are retorded at the fair value at the date of revalu2tionless sny subsequent
accumulated deprwiation And subsequent accumulated imp¥innent losses.

POWERCHURCH IIITERNATIONAL LIMITED
Notestothe Accounts{￿￿t￿￿¢dJ
Yearended31December2023
AecountlttKptslleI¢•fe￿t1ml￿j
An increase inthe carryingamount of and&%et asa result of a revalu*tion, is recogui8ed in other
retognised gains and losses, unless it reverses a charge for impairment that has previously been
recognisedas expenditurewithinthe statement offinancia1acti￿tses.A decreaseinthe earry'ing
Éunount of an asset as a result ofrevaluation. is retognised in other recognised gains losses,
except to which it offsets Any prrriou$ revaluation gain, in which ¢ase the los$ is shown within
other recogni8ed gains and losses on the statement of f￿anCIal activities.
D*pr*¢latlo
Depreciationi8ealculatedsoastowriteoffthecostorvalu&tionOf￿&ssetje88itSreSidUal value. over the
Useful economic life of that aststt ats follows-.
25Y(reducing ba]ance
250/Lfeducing balan¢
Equipment
Impalrnientofflxedassets
A review for indieators of i￿pa]rMent is ca￿led out at e&ch reporting date, with the recoverable
amount being estitnated where such inditators exist. Where the ¢aTryinÈ value exceeds the
retoverable ￿[[LOU￿t, the asset Is impaired accordingly. Prior impainnents are also reviewed for
possible reversal at eacFL reporting date.
For the purposes of impairment testing, when it is not possible to estimate the reeoverable
8m0untofsnindiwdllal￿sset,&nC$tim&tc1Sm&d¢ofthcrc¢OV¢rabIt0M0u￿tOfthe cash-geTherating unit
to which the asset beLongs. The cash-generating unit is the STn8lle* identifiable group of assets
that in¢lude$ the a$$et generates ca8h inflows that l&rgely Indep￿dent of the cash infloths
from othcr a88et8 or groups of assets.
bor impairnient testing of goodThull, the goodwryll acquired in a business combination is. frorn the
acquisition date. allocated to each of the eash-generating units that are expected to benefit fFOIti
the synergies of the combination. irrespective of whether other assets or liabilities of the charity
are assI￿ed to those units.
Donatlon•4nd 1oyel¢•
Unrestiicted Trltsl Fundo un￿$t[icted TotalFunds
Funds
2028
Futtds
2022
Donations
Donationsand Tithes
ThanksgivingandHthest
Buildingfund
Pledgeandseed
18,370
2,450
1.800
2.950
968
18,370
2.450
1,800
2.950
968
17.630
2.120
1.600
2.750
1,168
17,630
2,120
2,750
1,168
26,538
26,538
25.268
25.268

POWERCHURCH INTERNATIONAL LIMITED
Notestothe Ac¢ountWthts•d)
Yearended3 IDeceznbeT2023
EKp¢ndltuYeon¢harltableaetlvltlesbyfbndtype
Unrestricted Totsl Funds Unrestricted TotalFunds
Funds
Funds
2022
Ev8ngelÈsmandpro￿s
Donatious,bxble classand church
supplies
8piritu8litemsandfrnits
Supportcosts
21,026
21,026
14,337
14,337
3.419
2000
3.419
2(K)O
3,847
3000
3,847
3000
26,445
26,445
21,184
21,184
EX￿ndIture0￿cbaT1t¥bleqctlFltleSbyactl￿ltytYp¢
Activities
undertaken
directly Support ci)sts
Totsl futtd¥
Tot8lfund
2022
8vangells￿ and programs
Donations, bible class and church
suppbes
Spiritual items and frjits
Governance costs
2 1,020
21.026
14.337
3,419
20(X>
3,419
2000
3,847
3000
26,445
26.445
21,184
Net expendlture
Netexpenditureisstated aftcrthargingllcrediting):
2023
2022
Depreeiation of tangible r￿c￿ assets
IndependentexLmln4tlonfe
2022
Feespayabletotheindependent exarniner for..
Independent examination of the accounts
The average head count of employees during the ye&r was Nil12023:Nill-
Noernployeereceivcd employee benefits ofmorethan£60,OOOduringtheyear12023..Niil.
10. Trusteeremllneratk*nandexpen8e8
There were no trystees. reTnuneration or other benefits for the year ended 31 Decexuber 2023 nor
for the year ended 31 December 2022.
.10.

POiVERCHURCH INTERNATIONAL LIMITED
Notestothe Accountsfrthx¢
Yearend¢d3 IDe¢embeT2023
11. Th￿1bhA￿ed&8Bets
FixtllreÈgnd
fittings
Equipment
Tot
AtlJaDuary2023
Addition
3,191
3,191
At31 Doe•mbtT21Y28
3,150
3.191
Dopr¢¢l*ttoA
AtlJanuary2023
Charge for the year
At31 De¢eMber2￿14
3.191
3.191
3,191
3,191
earryltsgamount
At31 Deeember2023
At Dett￿ber 2022
12. CredltornamtywLt¥f*lllngduevAthlttonw*T
2022
A¢¢rugls and deferred income
13. AnalYsI￿r¢haT1*abIe thnds
Untestrletedfunds
At
31DeeethbeT
At
IJ￿U&￿tO23
Inttrme Expenditure
General funds
3,498
26.538
126.4451
3,591
At
3 IDeeember
2022
At
lJanukry2022
Jncome ExpendittTrre
General funds
15801
25,268
121,1841
3.498

POWERCHITRCH INTERNATIONAL LIMITED
Notestothe Accounts(contthu&*J
Yearended31December2023
UJ)restrl¢ted Total Fund8
2023
Tangiblefjxed8s8ets
Currentassets
Credktors less thanlyear
3,591
3,591
N•t as*èts
3.591
3,591
-12-

Detalled Statement of Financlal A¢tlvltle8
Year ended 31 December 2023
2023
2022
Incomeartdendowment8 Donath>n8
and l¢gacl¢8
Donationsand Ththes
ThankSgi￿ngandH9TVCst
Buildin8fvnd
Pledgeandseed
Wojnatt mini8try
HMRC Gifts aid
18,370
2,450
1,800
2.950
968
17,630
2,120
1600
2.750
1,168
26.538
25.268
Totallneome
26.538
25,268
Expendlture
Expendltureon¢harltabieactlvltl¢$
Rettt
RepaIrs￿d￿al￿tenan
Otherestablishment
Othermotorltravel tosts
Legal?￿d professionalfees
Telephone
Other office tos¢s
Depreciation
Revival,BibleclassandSpirituaIitems
EvangelisrnandCh8ritabledonation6
PraiseandWOrship/Cateru￿andHo$pitR1ity
ChristmasParty 8J]d We￿are
20,900
14,300
126
771
2104
gY)O
587
1,235
5419
26.445
21,184
Totsl¢xpendlture
26,445
21.184
fletexpendlture
93
4084

THEROCKOFCALVARYMINISTRIES
Notes to the Detalled Statement of Flnanclal Actlvltles
Year ended 3 1 December 2023
2022
Expendltureon¢haTltableactfvltle8
EV4ng¢llsn￿lldpr0%r￿m8
Actlvltlesundertak¢ndirectly
Dire¢t ¢haTitable activity-rent
Direct charitable activity -repairs &m8intenAnte
20.900
14,200
Direct charitable aCtI￿ry -Printing, po$tage, aod stationery
Direct eharitable activity-oth¢r motor/travel costs
Direet th￿table activkty-legal and professional fees
Direct charitabLe activity-teLephone
Direct charitable activity- Service chg4e
Direct charitable activity-subscription
Direct chatitable ￿1VIty-ReviVal
Direct charitable activity-Evw]gelism
Direct eharitable activity-IA¥ht & Heat
910
2.104
900
587
5419
39
126
771
26.445
19,611
Donatlons,blbl¢¢]a•8Andchureh8upplle#
A¢tlvltl¢sundertukendlrectly
Direct charitable activity-charitable donations
Direct eharitable activity-catering and HOSpit￿lty
Direct ch￿l￿ble activity-wejfare
1573
1573
SplYlthaHtem#andfrwts
Ac£*vltlesundert¢Tkendlreetly
Directcharitableactivity-Spiritu8jlt￿rtsand Fruits
Governancecosts-accountAntsrfees
ndltureonchaxltableattlvltl¢s
26,445
21,184
-15-