**England and Wales Charity Registration No. 1162007** ## **NEXT GENERATION PROPHETIC MINISTRY** **TRUSTEES' REPORT AND ACCOUNTS** **FOR THE PERIOD ENDED 31 MARCH 2023** 1 **England and Wales Charity Registration No. 1162007** __________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY LEGAL AND ADMINISTRATIVE INFORMATION** __________________________________________________________________________________ Chair Rev Joseph Amoateng Trustees Rev Joseph Amoateng Miss Denise Ward Avia Corbett Charity Number 1162007 Registered office Falcon House 19 Deer Park Road Wimbledon London SW19 3UX Principal address Falcon House 19 Deer Park Road Wimbledon London SW19 3UX Independent Examiner Isaac Darkwa Supreme Class Limited Falcon House 19 Deer Park Road South Wimbledon SW19 3UX 2 **England and Wales Charity Registration No. 1162007** ## **NEXT GENERATION PROPHETIC MINISTRY CONTENTS PAGE** **CONTENTS PAGE Page** Trustees' report 4-5 Independent examiner’s report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the accounts 9-15 3 **England and Wales Charity Registration No. 1162007** __________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023** _________________________________________________________________________________ The trustees are pleased to present their report for the year ended 31 March 2023 for the charity, Next Generation Prophetic Ministry with charity number 1162007. The Trustees of the charity are: Rev Joseph Amoateng Miss Denise Ward Avia Corbett The principal address of the charity is, Falcon House 19 Deer Park Road Wimbledon London SW19 3UX ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity governing document is a CIO – Foundation Constitution registered 4 June 2015. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities, and monitor the financial position. ## **OBJECTIVES AND ACTIVITIES** The Objectives of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of the United Kingdom and such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake. ## **ACHIEVEMENTS AND PERFORMANCE** The Organisation continues to hold successful worship services throughout the year in which individuals are equipped and educated on the principles and doctrines of the Christian faith. The organisation also held several conferences during the year which individuals came from all around the community to attend. Due to the pandemic, this was all held online. This has produced good results in reaching and helping members of the community. The organisation continues to air its television programs regularly on Christian television. The organisation supports a branch church in Ghana that it is connected to. 4 **England and Wales Charity Registration No. 1162007** ## **FINANCIAL REVIEW** The income of the charity is above £51,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of the building that it uses for worship services and hosting church events. The charity has set up a monthly repayment plan to repay all outstanding loans. ## **FUTURE PLANS** The organisation is a going concern. It plans to continue hosting its television programs on Christian television to effectively reach the community with the Christian message. Its regular worship services will support this. ## **RESERVE POLICY** It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year. ## **RISK MANAGEMENT** The charity has assessed all the major risks to which the charity is exposed, in particularly those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks. ## **TRUSTEE RESPONSIBILITIES** Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to: 1. Select suitable accounting policies and apply them consistently. 2. Make judgments and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. Prepare financial statements on an ongoing basis. They are responsible for keeping proper records that disclose reasonable accuracy of the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011. They also have a responsibility to safeguard the church's assets and take reasonable steps to detect fraud or other irregularities. Sign by the order of the Trustee ___________________________________ Rev Joseph Amoateng Chairman 24 April 2024 5 **England and Wales Charity Registration No. 1162007** _______________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY INDEPENDENT EXAMINER'S REPORT** __________________________________________________________________________________ I report to the trustees on my examination of the accounts of Next Generation Prophetic Ministry for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirement of the Charities Act 2011 (‘The Act’) I report in respect of my examination of the trust’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** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were kept in respect of the Trust as required by section 130 of the Act; or 2. The accounts do agree with those records. I have no concerns and have come across any other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. I report to the Charity trustees on my examination of the accounts of the charitable organisation for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the trustees of the charitable incorporated organisation, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘ **the 2006 Act’** ). Having satisfied myself that the accounts of the charitable organisation are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Supreme Class Limited Falcon House 19 Deer Park Road South Wimbledon SW19 3UX 6 **England and Wales Charity Registration No. 1162007** ## **NEXT GENERATION PROPHETIC MINISTRY STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023** __________________________________________________________________________________ |||Unrestricted|restricted|Year ended| |---|---|---|---|---| |||funds|Funds|31 March| |||||2023| |||£|£|£| |**Income from**||||| |Tithes and Offerings|3|**56,732.53**|**0.00**|**56,732.53**| ||4|||| |**Total income**||**56,732.53**|**0.00**|**56,732.53**| |**Expenditure on:**||||| |Raising funds||**8,046.75**|**0.00**|**8,046.75**| |Charity Activities||**6,241.00**|**0.00**|**6,241.00**| |Support cost (note 8)||**0.00**|**0.00**|**0.00**| |Admin activities||**40,793.08**|**0.00**|**40,793.08**| |**Total expenditure**||**55,080.83**|**0.00**|**55,080.83**| |**Net Profit/Loss**||**1,651.70**|**0.00**|**1,651.70**| |**Net Income**||**56,732.53**|**0.00**|**56,732.53**| |**Net Expenditure**||**(55,080.83)**|**0.00**|**(55,080.83)**| |**Net movement in funds**||**1,651.70**|**0.00**|**1,651.70**| |Fund balances at start of||||| |period 01 April 2022||**665.00**|**0.00**|**665.00**| |**Fund balances at end of**||||| |**period (31 March**||||| |**2023)**||**2,316.70**|**0.00**|**2,316.70**| All activities are classed as continuing. There are no recognized gains or losses other than those reported on the Statement of Financial Activities. 7 **England and Wales Charity Registration No. 1162007** ## **NEXT GENERATION PROPHETIC MINISTRY BALANCE SHEET AS AT 31 MARCH 2023** **________________________________________________________________** |**Fixed Assets**
Tangible fixed assets
Intangible fixed assets
**Current Assets**
Debtors(Refundable Deposit)

Cash at bank and in hand


**Total Assets**

**creditor; amounts**
**falling due more than**
**one year**

**Net current assets**

**Total assets less**
**Liability**
|9,623.52
0.00
**9,623.52**
1,000.00
656.29
**1,656.29**
11,279.81
(9,680.52)
**1,656.29**
**1,599.29**| |---|---| **--------------------------** Trustee (Chairman) Date Approved by the board: ………………………… 8 _________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023** __________________________________________________________________________________ ## **1 Statutory Information** Next Generation Prophetic Ministry is a charitable incorporated organisation, registered in England and Wales. The charitable incorporated organisation registered number and registered office address can be found on the Legal and Administrative Information page. ## **2 Accounting policies** ## **2.1 Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) – Charities SORP (FRS102) and the Companies Act 2006. Next Generation Prophetic Ministry meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about Next Generation Prophetic Ministry's ability as a going concern. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound. 9 **England and Wales Charity Registration No. 1162007** _________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023** __________________________________________________________________________________ ## **2.2 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments. The Trustees seek to use short- and medium-term deposits where possible to maximise the return on monies held at the bank and to manage cash flow. ## **2.3 Fund Accounting** Restricted funds are subject to specific conditions by funders as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. Unrestricted funds are available for use at the Trustees' discretion in furtherance of the general objectives of the Charity. Unrestricted funds include designated funds that trustees have allocated to be spent on a specific purpose. ## **2.4 Restricted Funds** Restricted funds are funds under the Charity's control for a specific purpose. This is a legally binding Obligation and the trustees cannot remove or relax the restriction by themselves. Funds as Permanent Endowment funds are those where the original intention was for the asset to be held forever and cannot therefore be spent. ## **2.5 Accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgments, estimates, and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised. The trustees do not consider that there are any critical estimates or areas of judgment that need to be brought to the attention of the readers of the financial statements. 10 **England and Wales Charity Registration No. 1162007** ## **_______________________________________________________________ NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** **________________________________________________________________** ## **3 Income from donations and legacies** ||**unrestricted**|**restricted**|**Year to**| |---|---|---|---| ||**funds**|**funds**|**31 March 2023**| ||**£**|**£**|**£**| |**Tithes and Offerings**|**56,732.53**|**0.00**|**56,732.53**| ||**56,732.53**|**0.00**|**56,732.53**| |**4 Income from charitable**|**activities**||| ||**unrestricted**|**restricted**|**year**| ||**funds**|**funds**|**to 31 March 2023**| ||**£**|**£**|**£**| |**Fundraising**|**0.00**|**0.00**|**0.00**| |**Gift aid**|**0.00**|**0.00**|**0.00**| ||**0.00**|**0.00**|**0.00**| 11 **England and Wales Charity Registration No. 1162007** __________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ________________________________________________________________ |**Total expenditure**
**staff**
**Depreciation**
**costs**
**&**
**Amortization**
**£**
**£**

Raising Funds
charitable activities
**8,046.75**
**0.00**
Charity activities
6,241.00
0.00
Support cost (note 8)
0.00
0.00
Admin cost (note 9)
38,680.60
2,112.48
Total
**52,968.35**
**2,112.48**
**8. Supports Costs**
**Year to**
**31 March**
**2023**
**£**
Staff Cost
**0.00**|**Total**
**costs**
**£**
**8,046.75**
6,241.00
0.00
40,793.08
**55,080.83**| |---|---| 12 **England and Wales Charity Registration No. 1162007** ## 9. **Administrative Costs** ||| |---|---| |9.**Administrative Costs**|**Year to**| ||**31 March 2023**| |Health & Medicals|**123.79**| |Welfare|**1,441.64**| |Accountancy Fees|**360.00**| |Management & Consultancy|**534.45**| |Rent|**20,613.00**| |Cleaning of Premises|**640.00**| |Petrol and Oil|**1,504.81**| |General Travel Expenses|**3,414.86**| |Bank Charges|**52.15**| |Advertising|**3,527.90**| |General Insurance|**72.08**| |Repairs & Renewals|**1,300.00**| |Stationery & Postage|**314.50**| |Telephone, Fax & Internet|**1,336.47**| |Sundry Expenses|**896.20**| |Transport|**4,205.23**| |Benevolent giving|**456.00**| |Depreciation|**2,112.48**
| 13 **England and Wales Charity Registration No. 1162007** **__________________________________________________________________________________** ## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** **__________________________________________________________________________________** |**Unrestricted Restricted**
**funds**
**funds**
**£**
**£**
**Income from**
Donations & Charitable activit.
56,732.53
0.00
Fund raising
0.00
0.00
Gift aid
0.00
0.00
**Total Income**
**56,732.53**
**0.00**
**Expenditure on**
Raising funds
8,046.75
0.00
Admin. Cost
40,793.08
0.00
Charity Activities
6,241.00
0.00
**Total expenditure**
**55,080.83**
**0.00**
**Net gains/Losses**
**1,651.70**
**0.00**|**Total**
**funds**
**£**
56,732.53
0.00
0.00
**56,732.53**
8,046.75
40,793.08
6,241.00
**55,080.83**
**1,651.70**| |---|---| ||| 14 **England and Wales Charity Registration No. 1162007** _________________________________________________________________________________ ## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** __________________________________________________________________________________ ## **Employees** Number of employees The average number of employees during period was 0 |**Employment costs**|**year to**| |---|---| ||**31 March**| ||**2023**| ||**£**| |Wages & Salaries|**0.00**| |Social Security|**0.00**| ||**0.00**| 15