EnBland and Waleschavity RetratiOn No. 1162LTh17
NEXT GENERATION PROPHETIC MINISTRY
TRUSTEES. REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025**
|Chair|Rev Joseph Amoateng|
|---|---|
|Trustees|Rev Joseph Amoateng|
||Monika Amoateng|
||Georgina Nhyira|
||Franklin Kwadwo Twum|
|Charity Number|1162007|
|Registered office|12 Deer Park Road|
||South Wimbledon|
||London|
||SW19 3TL|
|Principal address|12 Deer Park Road|
||South Wimbledon|
||London|
||SW19 3TL|
|Independent Examiner|BNW Accountants Ltd|
||Unit 9105, 141 Access House|
||Morden Road|
||Mitcham|
||CR4 4DG|
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY CONTENTS PAGE FOR THE YEAR ENDED 31 MARCH 2025**
## **CONTENTS PAGE**
||**Page**|
|---|---|
|Trustees' report|4-5|
|Independent examiner’s report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the accounts|9-14|
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The trustees are pleased to present their annual report for the year ended 31 March 2025 for Next Generation Prophetic Ministry, a registered charity (No. 1162007).
The Trustees of the charity are:
Rev Joseph Amoateng Monika Amoateng Georgina Nhyira Franklin Kwadwo Twum
During the year, the following trustee changes took place: Miss Denise Ward and Avia Corbett resigned from the board. Monika Amoateng, Georgina Nhyira, and Franklin Kwadwo Twum were appointed as trustees. The board thanks the outgoing trustees for their service
The principal address of the charity is: 12 Deer Park Road, South Wimbledon, London, SW19 3TL.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is established under a Charitable Incorporated Organisation (CIO) - Foundation Constitution, which was registered on 4 June 2015. The charity is governed by a board of trustees, who meet regularly to review activities, plan future initiatives, and monitor the financial position of the organisation.
## **OBJECTIVES AND ACTIVITIES**
The primary objective of the charity is to advance the Christian faith in accordance with its statement of beliefs for the benefit of the public in the United Kingdom and, where the trustees consider appropriate, in other parts of the world. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit when deciding on the activities the charity undertakes.
## **ACHIEVEMENTS AND PERFORMANCE**
The organisation has continued to hold regular worship services throughout the year, providing opportunities for individuals to be equipped and educated in the principles and doctrines of the Christian faith. Several conferences were held during the year, attracting participants from across the community. Services and events were held during the year to support and engage members of the community. The organisation continues to broadcast its programmes on Christian television and maintains support for a branch church in Ghana with which it is affiliated
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025**
## **FINANCIAL REVIEW**
The charity's total income for the year was £52,542, an increase from the prior year figure of £37,892. Expenditure has been carefully managed, and the organisation remains committed to meeting its financial obligations. The main cost for the year was the rental of premises used for worship services and church events. The charity has also implemented a structured monthly repayment plan to clear any outstanding amounts. The charity ended the year with a cash balance of £225 and is continuing to work towards strengthening its reserves position.
## **FUTURE PLANS**
The charity is a going concern and plans to continue broadcasting its television programmes on Christian networks to effectively reach the community with the Christian message. Regular worship services will continue to support these outreach activities.
## **RESERVES POLICY**
The trustees have reviewed the major risks to which the charity is exposed, particularly those related to its operations and finances, and are satisfied that appropriate systems and controls are in place to mitigate exposure to significant risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011, the trustees are responsible for preparing annual accounts that give a true and fair view of the state of the charity. In carrying out this responsibility, the trustees must:
1. Select suitable accounting policies and apply them consistently;
2. Make judgements and estimates that are reasonable and prudent;
3. State whether applicable accounting standards have been followed; and
4. Prepare the accounts on a going concern basis.
The trustees are also responsible for keeping proper accounting records that disclose with reasonable accuracy the financial position of the charity at any time and ensure that the accounts comply with the Charities Act 2011. In addition, they are responsible for safeguarding the charity’s assets and taking reasonable steps to prevent and detect fraud or other irregularities.
Sign by the order of the Trustee
Rev Joseph Amoateng Chairman
17 April, 2025
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025**
I report to the trustees on my examination of the accounts of Next Generation Prophetic Ministry for the year ended 31 March 2025.
## **RESPONSIBILITIES AND BASIS OF REPORT**
The trustees of the charitable incorporated organisation are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
Having satisfied myself that the accounts of the charitable organisation are eligible for independent examination, I report on my examination of the accounts carried out under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination, I have followed the directions given by the Charity Commission under section 145(5)(b) of the Act..
## **INDEPENDENT EXAMINER'S STATEMENT**
I have completed my examination. In connection with the examination, no matters have come to my attention that give me cause to believe that, in any material respect:
1. Proper accounting records have been kept in accordance with section 130 of the Charities
Act 2011 (“the Act”); or
2. The accounts do agree with those records.
I have no other matters to bring to the attention of the trustees that would assist in achieving a proper understanding of the accounts.
I report to the trustees on my examination of the accounts of Next Generation Prophetic Ministry for the year ended 31 March 2025.
BNW Accountants Ltd Unit 9105, 141 Access House Morden Road Mitcham CR4 4DG
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**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 2025**
|**Income from:**
Tithes and Offerings
6
Gift Aid
7
**Total income**
**Expenditure on:**
Raising funds
Support cost
9
Admin activities
10
Charity activities
11
**Total expenditure**
**Net Profit/Loss**
**Net Income**
**Net Expenditure**
**Net movement in funds**
Prior year adjustment
Restated opening balance
Net movement in funds
**Opening funds at start of year**
**01 April 2024**
**Fund balances at end of year 31**
**March 2025**|**Unrestricted**
**Funds**
**£**
41,769.74
10,772.43
**52,542.17**
**-**
**1,350.00**
**43,374.46**
**9,611.21**
**54,335.67**
**(1,793.50)**
**52,542.17**
**54,335.67**
**(1,793.50)**
**2,560.16**
**(1,041.28)**
**1,518.88**
**(1,793.50)**
**(274.62)**
|**Restricted**
**Funds**
**£**
-
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Year ended**
**31 March, 2025**
**£**
41,769.74
**10,772.43**
**52,542.17**
**-**
**1,350.00**
**43,374.46**
**9,611.21**
**54,335.67**
**(1,793.50)**
**52,542.17**
**54,335.67**
**(1,793.50)**
**2,560.16**
**(1,041.28)**
**1,518.88**
**(1,793.50)**
**(274.62)**|
|---|---|---|---|
All activities are classed as continuing. There are no recognized gains or losses other than those reported on the Statement of Financial Activities.
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## **England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY BALANCE SHEET AS AT 31 MARCH 2025**
|**Current Assets**
Cash at bank and in hand
**Total current assets**
**Total Assets**
**Creditor: Amounts falling due with in one year**
**Total Liability**
**Net assets / (liabilities)**
**Total charity funds**
Rev Joseph Amoateng – Trustee (Chairman)
Date Approved by the board:
---------------------------------------
-----------------------------------------------------|**Year ended**
**31 March, 2025**
225.38
**225.38**
**225.38**
(500.00)
**(500.00)**
**(274.62)**
**(274.62)**|
|---|---|
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1. STATUTORY INFORMATION**
Next Generation Prophetic Ministry is a Charitable Incorporated Organisation (CIO), registered in England and Wales. The charity’s registered number and principal office address are provided in the Legal and Administrative Information section of these financial statements.
## **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 (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and the Charities Act 2011.
Next Generation Prophetic Ministry meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
The trustees consider that there are no material uncertainties regarding the charity’s ability to continue as a going concern. The financial statements are prepared in pounds sterling (£), which is the functional currency of the charity, and monetary amounts are rounded to the nearest pound.
## **2.2 Cash at bank and in hand**
Cash at bank and in hand comprises cash balances and short-term highly liquid investments. Where appropriate, the trustees place funds on short- or medium-term deposit to maximise returns while ensuring sufficient liquidity to meet operational requirements.
## **2.3 Fund Accounting**
Restricted funds are subject to specific conditions imposed by donors as to how they may be used. The purposes and uses of 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. These may include designated funds set aside by the trustees for specific purposes.
## **2.4 Accounting estimates and judgements**
In applying the charity's accounting policies, the trustees are required to make judgements, estimates, and assumptions regarding the carrying amounts of assets and liabilities. These are based on historical experience and other relevant factors. The trustees do not consider that there are any critical estimates or areas of judgement that require specific disclosure.
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025**
## **3. GIFT AID**
The trustees have reviewed the treatment of Gift Aid income in the financial statements. During the year, the charity received Gift Aid payments from HM Revenue & Customs (HMRC) in respect of eligible donations
## **4. PRIOR YEAR ADJUSTMENT**
The trustees have reviewed the accounting treatment of a motor vehicle previously recognised in the financial statements. While the vehicle was used for the charity's purposes, it was financed under a personal agreement in the name of a trustee and was returned in 2019.
As the asset no longer exists and the related finance does not represent a legal obligation of the charity, both the asset (net book value £7,891.28) and the associated liability (£6,850.00) have been removed from the balance sheet.
The trustees also identified that the previously reported fund balance was based on the cash balance rather than total net assets. Accordingly, opening funds of £2,560.16 have been restated to £1,518.88, resulting in a reduction in opening reserves of £1,041.28.The adjustment has been treated as a prior period restatement in accordance with FRS 102.
## **5. RELATED PARTY TRANSACTIONS**
The charity has continued to make payments of £50 per month in relation to a vehicle previously used for charitable purposes, under a finance agreement in the name of a trustee. These payments are not contractual obligations of the charity.
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **6. INCOME FROM DONATIONS AND LEGACIES**
|**Unrestricted**
**Funds**
**£**
**Tithes and Offerings**
41,769.74
**41,769.74**
**7. INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**Funds**
**£**
**Gift aid**
10,772.43
**10,772.43**|**Restricted**
**Funds**
**£**
-
**-**
**Restricted**
**Funds**
**£**
**-**
**-**|**Year ended**
**31 March, 2025**
**£**
41,769.74
**41,769.74**
**Year ended**
**31 March, 2025**
**£**
**10,772.43**
**10,772.43**|
|---|---|---|
|**Gift aid**|||
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **8. TOTAL EXPENDITURE**
|Support cost
9
Admin cost
10
Charity activities
11
Total|**Costs**
**£**
1,350.00
43,374.46
9,611.21
**54,335.67**|**Depreciation**
**&**
**Amortisation**
**£**
-
-
-
**-**|**Total Cost**
**£**
1,350.00
43,374.46
9,611.21
**54,335.67**|
|---|---|---|---|
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**England and Wales Charity Registration No. 1162007**
## **NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
|**9. SUPPORT COSTS**
Staff Cost
Total
**10. ADMIN COSTS**
Computer consumables and software
Sundry Expenses
Postage and couriers
Bank Charges and Interest
Telephone, fax and broadband
Advertising and PR
General Insurance
Travel and subsistence
Petrol
Parking
Health & Medical
Rent
Training
Accountancy Fees
Pastor Support
Total
**11. CHARITY ACTIVITIES**
Church Expense
Total|**Total Cost**
**£**
1,350.00
**1,350.00**
1,336.67
899.82
71.87
287.72
2,684.03
1,878.31
75.00
1,103.71
81.73
7.00
106.00
24,300.00
2,070.00
3,865.84
4,606.76
**43,374.46**
9,611.21
**9,611.21**|
|---|---|
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## **England and Wales Charity Registration No. 1162007**
**NEXT GENERATION PROPHETIC MINISTRY NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025**
## **12. EMPLOYEES**
Number of trustees during the year was
4
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