CHARITY REGISTRATION flUMBEIL. 1148592
POWERCHURCH INTERNATIONAL
Annual Accounts and Reports
31 December 2024

POWERCHURCH INTERNATIONAL
A¢¢ounts
Y¢arended3 IDecember 2024
Tni$tees'8nnualreport
IndepcrLdentexaminer'sreporttothetrustee3
Statementoffinancia] activities
Statementoffinancial p)sition
Notestotheaccounts
The followlng page6 do not fomi put of thé aecouot¥
Detailedstatementoffinancial activities
13
Notestothedetailed Stat¢￿entOffinarlCia]a¢tivitLeS
14

Tru8tees' Annual Report
Y¢arended3 IDe¢¢mber 2024
The trustees present their rq)ort and the unaudited accounts of the charity for the year ended
31DeceEnber 2023.
Ref¢Tene•andadmlAlstrat￿ d•t•ll&
Reglsteredch4TItyty4w¢
POWERCHURCH INTERNATIONAL LIMITED
Charlty r*ztstrntlon numb
1148592
Prlttelp￿ office
116
eaznberwellRoad
I￿ndOn
SE50EE
hetruJtee8
Olaide Falola
Damilola Balogun
Adivini Makinde
8trnctwe.goY*rttoAe8and management
CONSTITUTION ADOFfED OII0112012 AS AMENDED ON 0810812012.
Objectlvemttd &etivltle¥
The main Birn of POWERCHURCH INfERNATIONAL LIMITED is to adva￿¢¢ the Christian faith in
accordance with Christian principles and to etseourage people to grow in thekr relationship with Jesus
Christ. The trustees seek to achÈeve thi$ by supporting regular worshipb prayer and Bible tettching
and by fostering a caring church totnmunity.
During the year the charity carried out re]s￿ou$ activities includirLE thurch services, prayer meetsngs
and Christian teaching whieh were open to the general public. The tnisttes eonsider that these
activities help people to learn &bout the Christian faith, to deepen their spiritual life arLd tD
parucipate itt the Jife of the church.
The charity also providts advice, infornxation tmd pa8totsl support to individuAls and fami]ies,
offering encouragernent. guidance and practical help where appropriate. Through these activities the
trustees aim to reflect Christxan love in action and to contribute positively to the wellbeAng of the
der community.
The work of POWERCHURCH INTERNATIONAL LIMrrED is loeused mainly in the London Borough of
Southwark and in Christian Jninistry and outreach eonneeted witFL communities in Nigeria. By
pe.rAting both lotxLly and internationally, the charity seeks to support strengthen ChLlStian
faith 8nd practice in these areas.

Trustees, Annual Reportleontlm4•dJ
Yearended3 ID¢cember 2024
Achl*v*ments&ndperfornwnee
Throughout the ye8r ended 3 l December 2024, the activities of the chvrch continued with intreased
in attend￿nce to Church activities held throughout the yew. The church has now incorporated online
servites as pgrt of its norrllal services. The Youth, Woman ministry and the church as a whole had a
fantastic training arLd educative prograJns organised by the church.
The total Incotni￿ r￿ourceS increased by approximately 10.65°h on the previous year126,538 in 2023
to £29.364 in 20241- The total resourees expended decreased by 34. 16¥0 on the pre￿ou￿ year1£26,445
in2023 to 817,41 lin 20241. The overall effectresultedinnet Net Income of £1 1,953 in 2024.
Pjallsforfuture￿rjodS
Ourplaos forthe coming are great.we intend-.
l. Toreaeh outandtodiscipletheunsaved forchrist.
2. ToequipBelieYersto berootedandgroundedintheword.
3. Todevelopa strongmissionary chur¢h.
4. Toincreasechurchattendance.
5. Todevelopanenthusiastiutkuluculturalchurch.
O. Todevelopa ￿braThtandgOdIY Youth Ministry.
7. Topracticallye¥LgagewithourloCalco￿rnunit1rnOre.
RESERVFSPOLICY
Thetrusteesrecognk&etheneedtomaint8xnreserves.Unre$trictedfunds8reneededtotoverthe
day-to-day
administration and support costs of the ch￿lty and also to have fuuds available for specified pToject8
in the future should the need arise.
The m4ior risks to which the chatity is exposed have been idetxtified the safeguarding the assets of
charity and ensuring funds app]ied for charitable puryoses. Systems and Strategies have been put
in place to rnitigate these risks. Ineome and expenditure are monitored thn)ugh the Setting of budget
which are compared with aetts￿ r]gures.
TELe trustees, atjnual report wa6 approved on 22 J8nuAry 2025 and signed on behè]f of the board of
trustees by".
Olaide Palola
Trustee

Independent Examlner's Report to the tnvstees of POWERCHURCH
INTERNATIONAL LIMITED
Year ended 31December 2024
I report to the trus¢ee8 on my examination of the a¢¢ount8 of POWERCHURCH INTERNATIONAL
LIMITED I'the ¢harity'l for the year ended 31 December 2024.
Re5ponslbllltlesBndb￿tsDf report
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance
with the requirements ofthe Ch*rities Act 2011 (the Aet).
I report in respect of my exa￿l￿￿tiOn of the charity's attollnts earried out under settion 145 of the
2011 Act and in carrying out my &Tamination I have followed theappJi¢&ble Directionsgiven by the
Charity Commission under seetion 14515llbl of the Act.
Independentexamlner'88tatement.Matterofcor￿rnIde￿tjfjed
Inconnectionwithrtky exatllin&tion,nollLatterha8c0￿CtoTrYattc￿tsQn:
111 wtLichgJves Jne reasonabje cau8eto believethatinan3rynat¢riglre8pe¢tthe Feouiremellt$'.
tokeepaccounting recordsinaccordanttwryth secuon386 oftheCompgniesAct 2006,8￿d
to prepare a¢¢ount$ which ac¢or
requirements of 8ection 396 of the Co
Statement of Reconunended
ctice.. A
121 to which, in my opinion.
ntion
the attounts to be reached..
'th the a¢¢ounting reeords, cojnply the accounting
panies Act 2006 and with the methods aFLd principles of the
ounting and Reporting by Charities have not been met, or
ould be draw￿ in order to enablc a proper under6tanding of
Ch8rles Luf&deiu
Independent
CA,
iner
Luf&Co
ccountants
red
LoÈl

statement of Financial Actlvltl¢8
Year ended 3 1 December 2024
2023
Utyrestricted
funds Total fund¥ Totaifunds
Nots
ILcomeandendowment8
Donat50nsand legacies
29,364
29.364
26.538
Totsllneome
29.364
29.364
26,538
Exp¢ndltyr¢
Expenditureoncharitableaetivities
17.411
17,411
26,445
Totalexpendltur¢
17,411
17.411
26,445
Netexpendltureandnetmovementhiknds
11,953
11.953
93
Reeonelllationoffunds
TotaJfundsbrou8htfonv8rd
Totalfund8¢Arrl¢dforwArd
3498
3,591
3.591
15,544
15,544
3,591
TheSt&tementoff]n8n¢iala¢tivitiesin¢ludesallga￿$an￿lQSse$re¢0gtt1s¢d1ntheye&r. All
income and expenditure derive from continuing activities.

stst¢ment of Flnan¢lal
Posltlon 3 1 December 2023
2023
Ilot•
Plxedassets
Tangiblef￿tdasSetr
li
Curr¢nta8S¢t8
CasbatbankAtLdinhaEEd
Debtor
11.8301
16081
17,373
12
4199
1S,$44
3,591
Cr¢dltorn: amounts falling due rrithln one year
Net CUTrent ltsbUltt¢8
15.544
3,591
TotAla8setsle¥#currentliabllltles N¢t
15,544
3.591
a8¥ets
Futtd8oftheehatlty
Total fund brought fonvard
unrestrictedfunds
8.591
11,953
3.498
YJ
TOtal¢harttyfi￿d8
18
15.544
3,59l
These aceounts were ttpproved by the board of trustees and authorx8ed for i88ue on 22 January 2024.
nd are 5i8ned on behalf of the board by..
Olaide Falola

Notes to the Accounts
Year ended 31December
2024
The charity is a public benefit entity and a regstered charity in England and w￿e& and 1$
unincorporated. The address ofthe principal office is I l6, Carnbepvell Road, London. SE5 OEE.
st*tem¢ntof compllanee
The8e accounts have been prep￿ed in compliance with FRS 102, 'The Fin8nei81 Reporting
8taDdard applscable in the UK the Republic of Ireland,. the Statement of Recommended
practi￿ applicable to charities preparing their ttecouttts in kccordance with the Financial
Reportingstandard &pplicablein theUKand Repubjicoffreland IPRS 1021 ICharitiesSORP (FR8
10211 and the cI￿ltieS Att 2011.
Aeeountln4poll¢le•
Ba8l¥ofpreparatlon
The accounts have been prepared on the historical cost basi5, as modified by the revaluauon of
certslln ￿n￿ClaI as8ets and liabijiues and investment properties mea8ured at fair value through
income or exptnditure.
Theaccount68reprep8redin 8terling,which isthefunctiona]currency oftheentity.
Golngconcern
Therearenom&teAaluntertaintiesalx>utthe ¢hÈrity'$abiJityto tontirEue.
Judgem*at •Aad k¢y •OUT¢e4 •f eotln)atloo uncertalnty
The preparation of the financial statements does not re¢Juires management to make jud8ements,
estimates and assumptions that affect the amounts reported.
Unrestricted funds are av8il&ble for use at the discretion of the trnstees to further any of the
charity's puryoses.
Design&ted fund$ are unrestricted fund$ e8rm8rked by the trustees lor particular futureproject
or comtnitment.
Restrirted fundts art Subjected to rtstrictLtns on their expenditure dedared by the donor or
through the term8 of an &ppeal, and fa]1 into one of two sub-classes.. restricted income funds or
endownkent funds.

POWERCHURCH INTERNATIONAL LIMITED
Notestothe Account8ÈoAtlnuadJ
Yearended31December2024
Aeeolltttlttgpollet8%leoAtIRuedJ
All incozning resources are included in the statement of fuwicial activities when entidement has
passed to the ehariry. it is probable that the e¢onotni¢ benefits a$sociated with the traDSaction
will flow to the charity and the amount can be reliably tneasured. The followin8 specific FK>lieies
e applied to P9￿1Cular catrgoTAes of incorne:
income from donations or grants is recognised when there is evidence of entitlement to the
, rettipt is probable its 8mouttt catt be tLeasured rejiably.
legacyincomeisreeogmisedwhenrereiptisprtsb&ble attd entitIe￿entiS e$tabJi8hed.
income from donated goods is measured At the fair va]ue of the goods unless this is
imprattitttl to measure reliably, in which case the value 18 derived from the cost to thedonor
or the estitnated resale value. Donated facilities and serrices are recognised in the acetsunts
when received if the vaLue can be reliably measured. No amounts are incLuded for the
contribution of general volunteers.
income from contracts for the supply OI services is recognised the delivery of the
contracted serviee. This is classifted as unrestricted funds unless there is & Contrac￿al
requirement for it to be spent on tt particular purpose and returned if unspent, in which
case Lt may be regarded as restricted.
R¢•tyUro¢B*x￿ry￿ed
Expenditure is recognised on an accruals basis as a liability 18 incurred. Expenditure includes
any VAT which cannot be fully retovered, ond is tl&ssified under headings of the 8taternent of
rinancial activities to which it relates..
expenditureonraisingfunds2ncludesthecostsofallfundralsin￿etlvitieS.evenls. non-charitable
trading activities, and the sale of donated goods.
expendimre on charitable attivities ineludes all costs Incurred by a charity in uttdertalot]g
&ctivities that further its charitable for the benefit of its benefieitsries, including thosp.
support eosts and Costs relating to the govemanee of the ch2rity apportioned to Charitable
activities.
other expenditure includes all wenditure that is neither related to raitsing funds for the
charity nor part of its expenditure on charitable activities.
All eosts are allocated to Lwenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity 8Jlo¢ated directly to that activity. Shared ¢osts areapportioned
between the actiMtie8 they contribute to on a reasonable* justifiable and consistent basis.
T•nrlblo awt•
Tangible a68et8 are initially recorded at cost, and subsequentLy stated at C08t le86 any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of rev8luationles8 any subsequent
accumulated depreeiation 8nd subsequent aecuMu￿ted impairment Ios8es.

POIVERCHURCH INTERNATIONAL LIMITED
Notestothe Accounts￿l*￿tr¢d)
Yeareoded3 IDeeembeT2024
An increase inthe ¢arryingamount of anasset asa result of a revaluation, 18 recognised in other
reco8ni8ed gain8 and losses, unless Ét reverses a charge for impairmerlt that has previously been
recognisedas expenditurewuthinthe statement 0￿￿70￿¢1a￿actIvIlles.A decreaseinthe c8rrying
amount of an asset as a result ofreva]uation, 18 reco￿lSed sn other recogni8ed gains and losses,
except to which it offsets any previous revaluauon gain, in whieh case the loss 1$ shown within
other recognised gains and Ios8es on the Statement of finon¢ial activitie8.
Depreclatlott
Depreciation is catculated so as to write off the cost or v8luation of an asset ,less its residu
value, over the useful economit life of that asset as follows..
Fixtures￿dfittittg8
EquIpm￿Lt
25Vrfedu¢ing bajgnce
25¥￿educing balance
impalrmetttofflxedalsots
A review for indicators of irnpHirment is earried out at each reporting date. with the recoverable
amount being estitnated where such indicators exist. Where the tarryryng v8Jue exceeds the
recoYerLble a￿0unt, the asset is impaired actordingly. Trior i￿PaIrmentS are also reviewed for
possible reversaj at each reporting date.
For the purposes of impairment testing, when it is not possible to estI￿at¢ the recoverable
mountofaThindiVidugJasset,8nestin￿teIsMade0fthereCoVer￿blCWoun[Ott￿C cash-generfAting unit
to which the asset belongs. The cash-generating unit is the stnallest identifwble group of asEets
that includes the asset and generates cash inflow$ that I￿ttY independent of the cash intLows
frorn other assets or groups of a88ets.
For impairment testin¥ of goodwill, the goodwill acquired in & business combination 18, from the
acquisition date, allocated to each of the cash-generating units ihat are Lyjected to benefit from
the synergies of the etsrnbination, irrespective of whether other assets or li&bilities of the charity
re ttssigrLed to those units.
Donatlonsattd l•zaelo•
Unrestticted Totsl FuLd$ Unrestiicted Tota]Funds
Funds
Funds
2023
Donatlons
Donationsand Ththes
ThanksgiVingÉ￿dHarve8t
Buildingfuttd
PLedgeandSeed
Woman ministry
29,304
29,364
18,370
2.450
1.800
2.950
968
18.370
2,450
1.80(>
2,950
29,364,
29064
26,538
26.538

POWERCHURCH INTERNATIONAL LIMITED
Notestothe Aeeountsfront
Yearended3 IDecemb¢r2024
ExpendltllTtoneh&rltsbl¢4¢ttvltleBbyfllndtype
Unrestricted Total Fuods Unrestsicted TotsJFunds
Funds
2024
Funds
2023
Evange]is]nandprograrns
Donations,bible classand Church
supplies
spiritur￿lternS￿ndfiultS
Supportcosts
15,000
15.000
21,026
21.026
iooo
1,411
iooo
1.411
3,419
2000
3.419
l7,411
17,411
26.44S
26,445
Expendltur•ott¢h*rft4bleactlvltlesbyaetlvltytypt
Activities
undertaJ(en
directly Support costs
Totsl tutyd•
Totalftjnd
2023
Evangejism and programs
Donations, biblt class and church
supplies
SpiritualÈtems&ndfruits
Governance costs
15.000
15.000
21,026
iooo
1.411
iooo
1.411
3.419
2000
17,4ll
17,411
26.445
Net expeLdlturo
Netexpenditur¢isstated aftercb8ryng/lcreditingi.'
2023
Dep￿tIatiOn of tangible fixed a&s¢t8
lttdtp¢ndentexamlDatlonfee&
2023
Feespayabletotheindependent examiner for..
Independent examinatson of the accounts
$talT eoo
The average head count of employees during the year was Nil12024..Nil, 2023..Nill.
NoemployeereceiY¢d employee benefits 0fMorethat￿6￿,O[xkIU£I￿gtheYe8r12O24:NJ1, 2023..Nill.
10. TrllatetremuL*rntton4ndexpenae¥
There were no trustees. remuneration or other benefits foT the year ended 31 Dettmber 2024 nor
for the year ended 31 DecellLber 2023.
-io-

POWERCHURCH INTERNATIONAL LIMITED
Note8tothe A¢countSlLwAtlmtedl
Yearended31DeceMbe￿O24
11. Thn%lblefiRod4BJOt•
rjttiogs Equipment
AtlJ8nuary2024
Addition
3,191
3,l9l
At81 Deeember2024
3,150
3,191
D•pr*elatlo
AtlJanuary2024
Charge for the year
At81 Decernbetr2024
3.191
3,191
3,191
3,191
Canylngamowit
At31 December2024
At December 2023
12. Credltors:amount8falJlngduewltbllloneyear
2023
Accrua]s and defe￿¢￿ income
18. Att4ly•l¥tsf¢h*rlt*bl¢ fytsd•
Unre$trlct¢dfunds
At
31Dectmber
At
lJanuar)4024
In¢ome Expenditure
General funds
3,591
29.364
117.4lll
15,544
AÈ
31December
2023
At
lJanuaty2023
Income Expenditure
GeneraI funds
3.498
26.538
126.4451
3.591

POWERCHURCH INTERNATIONAL LIMITED
Not¢8toth¢ A¢cOUntS(L￿ntInu¢4
Yearended31Deeember2024
14. An￿Yo1401￿tI￿•￿b¢tW¢O￿tthttd•
Unrestricted Total Funds
Funds
Tangiblefixedassets
Curretitassets
Creditor8less thanlyear
15,544
IS,544
15,544
15,544
.12.

DetalledStatementoFlnan¢lalActlvitles Year
ended 31 De¢ember 2024
2023
Ineomeandcndowments Donatlonj
aod legacie#
Don&tionsand Tithe$
ThankS8ivingandH8￿cst
Buildingfvnd
Picdgeandseed
Woman ministry
HMRC Gifts 8id
29,364
18.370
2,450
l.800
2,950
29.364
26,538
Totalkn¢ome
29.364
26,538
Expendlture
Expendltureoneharltabl¢a¢tlvltle¥
Rent
RepairSandn￿inte￿anC¢
Otherestabli8hment
Othermotorltravel costs
L¢galÈttd professionalftts
Telephone
Other office costs
Depreci&tion
Revival,BibleclassandSpiritualitems
EvaThgelIsmandCh&ritabledo￿tiOnS
PraiseandWorship/CateringandHo$pit81ity
Chri8tmasP8rry Welfare
12,665
20,900
1683
120
126
816
128
5419
17,411
26.445
Totaie]rpendltur¢
l7,411
26.445
Netexpendltur¢
11.953
93

THEROCKOFCALVARYMINISTRXES
Note8totheDetalledStatementoFlnanclalActhTltle8 Year
ended 31 Deeember 2024
2024
2023
Exp¢ndltur¢onchaTltabl¢actfvlt£es
Evangell#Mandprogra￿$
Direrteh&rit&ble&ttivity-rent
Diiectchatitableactivity-iepMirs&rnaiAtenante
12.665
20,IXJO
Direct charitable activity-Printing¥ PoStage,￿a statlonery
Direct charitable actiNryry-other xnotorltravel costs
Direct charitable actI￿￿￿-1egal and professional fees
Direct charitable activity-Rate8
Directcharitableactivity- Service eharge
Directch8ritableactivity-8ubscription
Dlreclcharitableactivity-Re￿¥al
Direetcharitableactiwty-EvangeJxsm
Directcharitabl¢activity-Light & Heat
1816
5,419
1,683
126
ls.ijoo
26.445
Donatlons,blbleelassandchurchsupplle#
A¢tlvltl¢sundertak¢ndlrectly
Directcharitablcacuvity-charitabledonations
Directeharitableactivity -Cateringand Ho8pitsJity
Directcharitableactivity.W¢]fare
1000
iooo
sptrltua1lten￿ndfrUlts
A¢tlvltlesund¢rt¢7kendlr¢rtly
Directcharitableactivity-SpiIituaU¢emsAnd Fnjlts
(lovexnaneecosts
Goveroancecosts-accountancyfees
Expettdltureonehatltable&etlvltle•
l7,411
20,445
-15-