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2022-12-31-accounts

Registered Charity Number : 1159403

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

CHARISMATIC PRAYER MINISTRY (CPM)

CONTENTS
COMPANY & CHARITY INFORMATION
TRUSTEES' REPORT
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS		 PAGE NO.
3
4 - 5
6
7
8
9 - 11

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CHARISMATIC PRAYER MINISTRY (CPM)

COMPANY & CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022

DIRECTORS / TRUSTEES:

Mr P. Pinkrah Mr A. Nartey Mr Solomon Obuoba Ackaah

COMPANY SECRETARY

Vacant

REGISTERED OFFICE:

116 Sunbeam Studios Blakenhall Wolverhampton WV2 4PF

REGISTERED CHARITY NUMBER :

1159403

INDEPENDENT EXAMINER :

Amoeba Associates Ltd Derwent House Broad Street Kingswinford West Midlands DY6 9LP

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CHARISMATIC PRAYER MINISTRY (CPM)

REPORT OF THE TRUSTEES

FOR THE PERIOD ENDED 31 DECEMBER 2022

The directors, who are also trustees for the purposes of the Charity Act, present their annual report and independently reviewed Financial Statements for the year ended 31[st] December 2022.

OBJECTS AND ACTIVITIES

As set out in the Memorandum and Articles of Association the objects of the charity are :

(a) the proclamation and furtherance of the Gospel of Jesus Christ our Lord and the preaching and teaching of the Word of God in accordance with the Essential Doctrines and Articles of Belief set forth in the Schedule hereto;

(b) the promotion of the general education of children of primary and secondary school age and in particular the education and nurturing of such children in Christian principles and standards.

The Church holds weekly services, as well as Bible Study and Prayer sessions.

In developing activities and delivering services, the Directors have taken account of the guidance on public benefit published by the Charities Commission.

ACHIEVEMENTS AND PERFORMANCE

In the year under review, CPM engaged in various activities for the benefit of its members and the general public.

o Weekly meetings

o Conferences & events

o Provision of welfare support to individuals

o Missionary activities and evangelism

o Provision of support to other charities

The Church engaged in resourcing Samaritan Purses for the Christmas season. This involved volunteers from the church buying and donating supplies and resources for Samaritans Wolverhampton.

Additionally, the Church registered with OFSTED to register a school for local children. Training & consulting fees were incurred to assit with the setup & regulatory platform for the programme.

FINANCIAL REVIEW

The charitable organisation was funded purely from contributions and donations from its members and these funds are retained in a UK bank.

The directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The organisation secured full charity registration on 28th November 2014

Governing document: Constitution & Charitable Trust Deed of Association under the name “Charismatic Prayer Ministry”. This name was changed from “Triumphant Charismatic Prayer Ministry (TCPM)” on 26 November 2016 by special resolution. The trustees all provide their services free of charge. They have a wide range of skills and experience in Christian ministry, and management in the public, private and voluntary sectors.

The trustees all provide their services free of charge. They set the overall policy and direction of the Charitable Company.

REFERENCE & ADMINISTRATIVE DETAILS

These are set out on Page 3 of these accounts.

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

4

The directors are required under UK Company law to prepare financial statements for each financial year, which give a true and fair view of the company’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the directors are required to:

a) select suitable accounting policies and apply them consistently;

b) make judgements and estimates that are reasonable and prudent;

c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;

d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.

The directors are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the company and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors have identified the major risks to which the charity are exposed and have put adopted suitable mechanisms to manage those risks.

This report has been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the Small Companies regime.

APPROVAL

This report was approved by the directors on …30th November 2023...............

Mr Paul Pinkrah, Trustee

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REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF

CHARISMATIC PRAYER MINISTRY (CPM)

I report on the accounts of the Charity for the year ended 31st December 2022, which are set out on pages 3-5

and 7-12.

Respective responsibilities of Trustees and Examiner

As the Charity's trustees you are responsible for preparation of the accounts; you consider that the

an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that

an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiners statement

My examination was carried out in accordance with general directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,

and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express 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 :

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. To keep accounting records in accordance with section 130 of the Charities Act; and

  3. To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr Mills, EMB

Amoeba Associates Ltd

Derwent House Broad Street Kingswinford DY6 9LP Date : 30th November 2023

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CHARISMATIC PRAYER MINISTRY

Statement of Financial Activities ( incorporating an Income and Expenditure Account) for the year ended 31st December 2022

INCOME FROM:
Notes
Donations & legacies
2
Charitable activities
3
Investment income
4
TOTAL INCOME
EXPENDITURE ON:
Raising funds
Charitable Activities
TOTAL EXPENDITURE
5
NET INCOME/(EXPENDITURE)
before transfers
Transfers between funds
Net Incoming/(Outgoing) resources
RECONCILIATION OF FUNDS
Total funds bought forward
TOTAL FUNDS CARRIED FORWARD		 2022
2021
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
6,553
6,553
6,602
0
0
0
0
0
0
6,553
0
6,553
6,602
0
0
0
6,021
6,021
5,915
6,021
0
6,021
5,915
533
533
687
0
0
0
533
0
533
687
7,476
0
7,476
6,789
8,009
0
8,009
7,476

There are no recognised gains or losses other than those passing through the income and expenditure account.

7

CHARISMATIC PRAYER MINISTRY

Balance Sheet as at 31st December 2022

Notes
FIXED ASSETS
Tangible
7
CURRENT ASSETS
Debtors & prepayments
8
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
10
NET ASSETS
FUNDS
Restricted funds
12
Unrestricted funds
TOTAL FUNDS		 At 31st
December
2022
2,585
0
5,424
5,424
0
5,424
8,009
0
8,009
0
8,009
8,009
0		 At 31st
December
2021
2,585
0
4,891
4,891
0
4,891
7,476
0
7,476
0
7,476
7,476

For the year ending 31st December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities :

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board on ……30th November 2023….

……………………………………………………….

Mr Paul Pinkrah, Trustee

The notes form part of the financial statements

8

CHARISMATIC PRAYER MINISTRY

Notes to the Financial statements for the year ended 31st December 2022

Note

1 ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cashflow statement on the grounds that the company qualifies as a small company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life :

Fixtures, fittings & equipment

Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Voluntary donations and gifts are accounted for as received.

The charity receives help and support in the form of volunteer assistance in carrying out its objects. No entries are required to be included in the accounts for the financial value of such help.

Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all the costs related to the category. Where costs cannot be directly attributable to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities

Fund Accounting

Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for the particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when the funds are raised for a particular restricted purpose.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

9

CHARISMATIC PRAYER MINISTRY

Notes to the Financial statements for the year ended 31st December 2022

Note
2
INCOME FROM DONATIONS & LEGACIES
Offering
Grants & Gift Aid
3
INCOME FROM CHARITABLE ACTIVITIES
Fundraising Initiatives
4
INVESTMENT INCOME
Interest receivable
5
EXPENDITURE
Charitable Activities:
Direct cost of activities
Establishment costs
Professional & Independent Examiner's Fee		 2022
2021
£
£
5,455
5,577
1,099
1,025
6,553
6,602
0
0
0
0
2022
2021
£
£
1,274
1,561
4 746
4 354
,
,
0
0
6,021
5,915

6 STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES

During the year no remuneration for services as a director/trustee were paid or were payable, directly or indirectly, out of funds of the charity to any trustee or to any person or persons known to be connected with them.

Employees
The average monthly number of employees during
the year was :
Employment costs
Wages and salaries
Social security costs
Pension costs		 2022
2021
Number
Number
0
0
£
£
0
0
0
0
0
0
0
0

There were no employees whose annual emoluments were £60,000 or more

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CHARISMATIC PRAYER MINISTRY

Notes to the Financial statements

for the year ended 31st December 2022

Note Unrestricted Restricted
7 TANGIBLE FIXED ASSETS Funds Funds Total
Cost
At 31st December 2021 2,585 0 2,585
Additions 0 0 0
Disposals 0 0 0
As at 31st December 2022 2,585 0 2,585
Depreciation
At 31st December 2021 0 0 0
Charge for the period 0 0 0
Disposals 0 0 0
As at 31st December 2022 0 0 0
Net Book Value
As at 31st December 2022 2,585 0 2,585
At 31st December 2021 2,585 0 2,585
8 Debtors At 31st Dec At 31st Dec
Trade Debtors 2022
0		 2021
0
Prepayments and accrued income 0 0
Total Debtors 0 0
9 Creditors : amounts falling due within one year
Trade Creditors 0 0
Tax and social security 0 0
Accrued expenses 0 0
0 0
**10 ** Creditors : amounts falling due after one year
**11 ** Analysis of net assets between funds
Unrestricted
Funds
£
Fixed Assets
2,585
Net Current Assets
5,424
Long term Liabilities
0		 0
Restricted
Funds
£
0
0
0		 0
2022
Total
Funds
£
2,585
5,424
0		 2021
Total
Funds
£
2,585
4,891
0
8,009 0 8,009 7,476

12 Restricted funds

No Restricted Funds were held by the Charity at 31 December 2022

13 Commitments under operating leases

At 31 December 2022 the organisation had no annual commitments under non-cancellable operating leases.

14 Related party transactions

There were no transactions with related parties during the year or previous year that require disclosure in these accounts.

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