Evangelical Prayer Winners Ministry International (A Company Limited by Guarantee)
Annual Report and Financial Statements for the year ended 31 December 2023
Charity Number: 1156731
Evangelical Prayer Winners Ministry International
(A Company Limited by Guarantee)
Annual Report and Financial Statements for the year ended 31 December 2023
Contents
| Page | |
|---|---|
| Trustees’ Annual Report | 1 - 3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-9 |
Evangelical Prayer Winners Ministry International Trustees’ Annual Report for the year ended 31 December 2023
The Trustees of the Charity present their Annual Report and Accounts for the year ended 31 December 2023.
1. Reference and Administrative Details
Name of Charity: Evangelical Prayer Winners Ministry International Charity Registration Number: 1156731 Company number: 08820505 Secretary Apostle Solomon Sackey Operational Office: 18 Nethermead Court Northampton NN3 8NF Bankers: HSBC Plc Midsummer Place Milton Keynes Reporting Accountants Samuel Associates 36 Charcroft Gardens Enfield Middlesex EN3 7HA
The Trustees who served during the year to the date of this report are:
Name Mrs Patience Iris Tetteh Apostle Solomon Sackey Mrs Sena Abena Awittor Mrs Dorothy Korangteng-Asante
Page 1
Evangelical Prayer Winners Ministry International Trustees’ Annual Report for the year ended 31 December 2023
2. Structure, Governance and Management
Governing Document
The Evangelical Prayer Winners Ministry International is a company limited by guarantee formed on 18 December 2013 and registered as a charity on 17 April 2014. The charity is governed by its Articles dated 18 December 2013, as amended by a Special Resolution date 4 April 2014.
Appointment and induction of Trustees
The members of the General Trustee Board are trustees for the purposes of Charity Law. New trustees may be appointed by a resolution of the Board.
Major risks
The Trustees recognise that any major risks to which the charity is exposed need to be reviewed and systems put in place to mitigate them. To that end, the charity is continually monitoring and managing its risk and ensuring action plans are in place to mitigate its key risks. Risk is defined as the potential to fail to achieve the charity’s objectives and for loss, financial and reputation inherent in the environment in which it operates in the nature of transactions undertaken.
The principal risk has been the dependence on voluntary income. The trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserves in the event of adverse conditions.
The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
3. Objectives and Activities
Objects
The objects of the charity as stated in its Articles are:
-
(1) The advancement of the Christian religion for the benefit of the public in accordance with the statement of belief appearing in the schedule.
-
(2) The prevention or relief of poverty in financial hardship anywhere in the world by providing or assisting in the provision of education, training or healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient.
4. Public Benefit
The trustees have complied with the duty in section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in the UK.
Page 2
Evangelical Prayer Winners Ministry International Trustees’ Annual Report for the year ended 31 December 2023
5. Achievements and Performance
Food Bank
The Church carries out a regular donation to the various food banks in Milton Keynes which supports community ladders and fridges across the city of Milton Keynes. The aim is to help alleviate pain and poverty and to ensure nobody has to go to bed hungry in this day and age. This is usually donated every quarter to the food banks.
Children’s Programme
There are quite a few young children and young adults in the church which constitute the Youth in the Ministry. Once every two months we gather them all and organise outings for them as a recreational and educational exercise.
There were instances where they were all taken to the cinema, trips to Whipsnade Zoo and also to the Aquarium and also trips to the seaside. This is so that they get to explore outside the church and also to learn about the nature and wonder that they’re surrounded with.
Willen Hospice
Prayer winners as a ministry make donations to Willen Hospice twice a year. This is to support the nurses and occupants of the hospice who go are going through cancer treatment and may need to recuperate to give their families a break from taking care of them. This means they get proper professional help and care while they go through some of the most life-changing illnesses one could go through.
Helping the needy in the church
Prayer Winners Ministry is unique and what we do to support the needy in the church
We have the elderly and who might be going through hardship in terms of needing help with Groceries and general household items to make them comfortable in their own home
Again, we have on occasion supported people struggling to find jobs and therefore needed help in the short term. We have also supported members who were struggling to pay their rent that they can have a place to lay their heads.
Single Parents Outreach
The church also supports single parents whether in providing groceries or after school and holiday respite to make life bearable for the parents involved. With the cost of living spiralling out of control, some parents only need a little bit of help and support to make end meet as to either put food on the table or put shoes on the feet of their child or warm clothes for the winter months
Feeding the Homeless Project
We are currently in talks with a few homeless charities around Milton Keynes to see how we can be of help to the homeless
We are currently looking at cooking at our premises where the charity will drop off the homeless once a week to start with, to come to the church to eat and play games, and then later get dropped off. Once we get a bigger place of our own, we can do more to help in the local area where homelessness is concerned.
In a nutshell, the above are some of the things that we do as a church to help the community to which we live and operate, and to make families feel they are supported and cared for when the need arises.
We might not be a big church, but we pride ourselves in helping build a coherent and cohesive community for all we come into contact with; no one is left out where Evangelical Prayer Winners Ministry is concerned.
Signed: Apostle Solomon Sackey
Date: 13 October 2024
Page 3
Evangelical Prayer Winners Ministry International Trustees’ Annual Report for the year ended 31 December 2023
Independent Examiner’s Report to the Trustees of Evangelical Prayer Winners Ministry International
I report to the trustees on my examination of the accounts of the above charity for the year ended 31st December 2023.
Respective Responsibilities of Trustees and Examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
The charity’s gross income did not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Charted Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 .
==> picture [152 x 39] intentionally omitted <==
Samuel K Tsipotey, FCCA
36 Charcroft Gardens Enfield Middlesex EN3 7HA 13[th] October 2024
Page 4
Evangelical Prayer Winners Ministry International
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 December 2023
| Notes Incoming resources General offerings 2 Gift Aid Other Total incoming resources Resources expended Direct charitable expenditure Governance costs Total resources expended Net movement in funds Funds brought forward Funds carried forward |
Unrestricted 2023 2022 £ £ £ 30,377 30,377 38,984 - - 1,976 - - 14 |
|---|---|
| 30,377 30,377 40,974 31,881 31,881 43,927 500 500 960 |
|
| 32,381 32,381 44,887 (2,004) (2,004) (3,913) 15,194 15,194 19,108 |
|
| 13,190 13,190 15,194 |
Page 5
Evangelical Prayer Winners Ministry International
BALANCE SHEET AS AT 31 DECEMBER 2023
| 2023 | 2022 | |
|---|---|---|
| FIXED ASSETS | £ | £ |
| Tangible assets | - | 795 |
| CURRENT ASSETS | ||
| Debtors | 1,050 | 1,050 |
| Cash at bank and in hand | 13,330 | 14,039 |
| Total current assets | 14,380 | 15,089 |
| CREDITORS | ||
| Amounts falling due within one year | 1,190 | 690 |
| Net Current Assets /(Liabilities) | 13,190 | 14,399 |
| Total Net Assets | 13,190 | 15,194 |
| CHARITY FUNDS | ||
| Unrestricted funds | 13,190 | 15,194 |
The financial statements have been prepared in accordance with the special provisions relating the Statement of Recommended Practice: Accounting and Reporting by Charities issued in April 2013 and the Financial Reporting Standard for Smaller Entities (effective April 2008).
The Trustees are of the opinion that the company is entitled to the exemptions from audit conferred by
The Trustees acknowledge their responsibilities for:
-
ensuring that the company keeps accounting records
-
preparing accounts which give a true and fair view of the state of affairs of the company as at 31st December 2023 and of its results for the year then
The financial statements were approved by the Trustees on 13[th] Octoberber 2024 and were signed on their behalf by:
==> picture [85 x 37] intentionally omitted <==
Signed:
Apostle Solomon Sackey
Page 6
Evangelical Prayer Winners Ministry International
Notes to the Financial Statements for the year ended 31 December 2023
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently
throughout the year and the preceding year.
a) Basis of Preparation
The financial statements have been prepared under the historical cost and applicable accounting standards
and the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities, issued in April 2013
b) Charity Status
The Charity is a Charitable Company. Elected members of the charity are the trustees who and are named
on page 1. In the event of the Charity being wound up, the liability of members of the charity is £1.
c) Fund Accounting
Unrestricted Funds comprise accumulated surpluses and deficits on general funds that are available for use
at the discretion of the Trustees in furtherance of the Charity’s objects and that have not been designated
for other purposes.
Restricted Funds are funds subject to restrictions on their expenditure imposed by the donor or through
the terms of an appeal.
d) Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities when
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
e) Resources Expended
Recognition of Expenditure and Liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Expenditure is recognised on an accruals basis as a liability is incurred.
Page 7
Evangelical Prayer Winners Ministry International Notes to the Financial Statements for the year ended 31 December 2023
f) Costs of Charitable Activities
These comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. They include both costs that can be directly allocated to the charity’s activities and costs of an indirect nature necessary to support these activities .
g) Governance Costs
These are the costs associated with the governance arrangements of the charity. They include the costs of the preparation and examination of statutory accounts, trustees’ meetings and the costs of training, and legal advice given to trustees on governance or constitutional matters.
All costs are charged to the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity (or project) are allocated directly; others are apportioned on an appropriate basis.
h) Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life on a straight line basic.
| Office and musical equipment | 20% |
|---|---|
| Fixtures and fittings | 20% |
| Computer equipment | 20% |
| 2. Income Donations Gift Aid Bank interest |
2023 2022 £ £ 30,377 38,984 - 1,976 - 14 |
|---|---|
| 30,377 40,974 |
3. Trustees expenses
Trustees expenses paid for the year ended 31/12/2023 were £0 (2022-£1,000
| 4. Creditors Amounts falling due within one year: Amounts due to Good to Give Ltd Accrued expenses |
2023 2022 £ £ 690 690 500 - |
|---|---|
| 1,190 690 |
Page 8
Evangelical Prayer Winners Ministry International
Notes to the Financial Statements for the year ended 31 December 2023
| 5. Fixed assets Equipment at cost 1st January 2023 31st December 2023 Depreciation 1st January 2023 Charge for the year 31st December 2023 Net book value 31st December 2023 1st January 2023 |
£ 3,983 |
|---|---|
| 3,983 | |
| 3,188 795 |
|
| 3,983 | |
| - | |
| 795 |
Page 9