Report and Financial Statements For the year ended 30th September 2024 ROA Christian Prayer Ministries Charity No: 1168191
ROA Christian Pra er Ministries Ltd Report of the Trustees for the Year Ended 30th September 2024 Contents Legal and Administrative Information page Report of rhe Trustee 4tolO Independent Examiner's reporr Statement of Financial Activicies 13 Balance Sheet 14 Note5 forming part of the financial statements 15 to 19 The following page does not form part of the Statutory Accounts Income and Expenditure Account 20
ROA Christian Pra er Ministries Ltd ort of the Trustees for the Year Ended 30th Se tember 2024 The Trustees presents its report and financial Statements for the year ended 30th September 2024. Reference and Administrative information Chari Name: ROA Christian Prayer Ministries Ltd Chari istration Number: 1168191 istered Office erational Addres 596 Kingsland Road Haclcney, London E8 4AH Dir or IT uste NICHOLAS KOTEI JOYCE LARBI ADELAIDE BENA ABRAFI DUKU Samuel Durojaiye FCPA Samuelson and Co UK Ltd 596 Kingsland Road Hackney, London E8 4AH Banl<ers . Metro Banlc One Southampton Row London WC185HA
ROA Christian Pra er Ministries Ltd ort of the Trustees for the Year Ended 30th Se tember 2024 Our Aims and Ob'ectives Pur ose and Aims Our Charity's purposes as set out in the 0.eCtS contained in the Declaration of Trust are '. To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lecture, public celebration of Religious festivals, producing andl or distribucing liierature on Christianity to enlighten others about the Christian Religion. b. Such Charitable purposes for public benefit are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine. En5urin Our Worl< Deliver5 Our Aim We review our aims, objectives and activities each year. This review looks at what we achieved and the outcome5 of our work in the previous 12 months. The review looks at the success of each Icey activity and the benefits they have brou8ht to those groups of people we are set up to help. The review also helps us ensure our aim , objectives and activities remained focused on our stated purp05e5. We have referred co the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities, In particular, the trustee5 consider how planned activities will contribute to the aims and objectives they have set. The Focus of Our ork Our main objectives for che year concinued to be the advancement of the Christian religion and the relieve of poverty and sickness. The strategies we used to meet these objectives included: I, Holding bible lectures and worship services for the public on Saturday in which themes on Christianity are discussed 2. Provision of Special Events such as inviting Prophet Charles Ayarkvrfa from Ghana. in order to educate our followers from another aspect of Christianity. 3. Providing an Evangelism Outreach to preach the gospel to strengthen the religious faith to the community. 4, Provision of Pastoral Care for Congregants and other members of the community
ROA Christian Pra ort of the Trustees for the Year Ended 30th Se er Ministries Ltd tember 2024 How Our Activities Deliver Public Benefit Our main activitie5 and who we try to help are described below. All our charitable activities focu5 on the advancement of the Christian religion and the relief of povercy and sickness. ho used and benefited from our Servic All our charitable activities focus on spreading Christianity, helping the society, the general public and the human race to live more harmoniously with each other. By spreading Christianity, we organise religious festivals to help unice people from different bacl(ground in the society. All members of the society are equally welcome to access the benefits of the service51activities of the organisation. Financial Review The organisation successfully raised a total income of £76418 during the period. Princi al F ndin Sources The principal funding sources for the charity are currently by way of Donations, Offering, Tithe and Gifts from congregants through the offering basket passed during Church services and though bank standing orders, Investment Polic The Charity has cash that are set out in the Charity balance sheets. The objective of the investment policy is to inves¢ in cash at bank5 where the capital is protected. Bank interest income was not achieved in the period The Charity currently has a policy of keeping any surplu5 liquid fund5 in cash at banl<s where immediate access and security of funds 15 guaranteed.
ROA Christian Pra er Ministries Ltd ort of the Trustees for the Year Ended 30th Se tember 2024 serves olic The Board of Trustees has examined the Charity's requirements for reseeS in light of the main rislcs to the organisation. It has established a policy whereby the unrestricced funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. The expenditure for 2024 was £85107 and therefo the targeted reserves should be between £21277 and £42554 in general funds. The reserves are needed to meet the worl<ing capital requirements of the charity and the trustees are confident chat at thi5 level they would be able to continue the current activities of the Charity in the evenc of a significant drop in funding. This general reserve policy was met, Plans for Future Periods The Charity's plans are to continue the activities outlined above in the forthcoming years and put effort in place to improve the funding arrangements. Governance and Mana em nt overnl Document The Organisation is a charitable organi5acion constituted under a Constitution dated 25th June 2022 and registered as a charity on 12th July 2022. The charity was esrablished under Constitution which established the objects and powers of the charity and is governed under its terms. In the event of the Charity wound up members are required to so decide by three-quarters majority. Recruitment and A ointment of Truste The trustees who are also charity trustees for the purposes of charity law are in charge of the Strategic direction of the charitable trust. Under (he requiremer)ts of the Dec12ration of Trust the trustees are elected to 5erye for a period of three year5 after which they must be re-elected at the next Annual General Meeting. All trustees except the Senior Pastor give their time volunt2rily and receive no benefits from the charity. Due to the nature of Church work, trustee5 appointed have been so selected on the basis of their faith, strength of Character, skills set in the area of business management and growth and commitment to the vision of the charity.
ROA Christian Pra ort of the Trustees for the Year Ended 30th Se er Ministries Ltd Re tember 2024 Trustees Induction and Trainin Most trustees are already familiar with the practical work of the charity having been friends of the Church for a number of years. Additionally, new trustees are invited 2nd encouraged to function in the capacity as friends of the Church in order to understand the offerings of the Church and its marlcet. Additionally new trustees would be invited as required and encouraged to attend a Series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive or Senior Pastor of the Charity and cover: The Obligations of Trustees The Main documents which set out the operational framework for the charity including the Declaration of Trust Resourcing and the current financial position as set out in the latest published accounts Future plans and objective5 A Question & Answer pac[< would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as 2 follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements. Ris1< Ma The Trustees have identified the major strategic risks to which ROA Christian Prnyer Ministries Ltd is exposed to and has established controls and actions to miti82tr them. Each year, risk assessments take place at our office and are subject to continual review and monitoring. The Trustees take all appropriate steps to moderate and manage the inevitable operational risks to which volunteers staff and assets of ROA Christian Prayer Ministries Ltd are exposed. Competence based craining for Volunteers employers liability insurance, monitoring of new legislative reqU1MentS are examples of step5 taken. In particular there 2re policies and procedures for children and vulnerable adults protection and for health and Safety risks. Furthermore a ris1< register is to be established and update at least annually,
ROA Christian Pra er Ministries Ltd ort of the Trustees for the Year Ended 30th Se tember 2024 anisation ROA Christian Prayer Ministries Ltd is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it h2s available and uses its power of co-option to ensure that gaps are filled. The B02rd also ensures that a number of other critsria are met, The Board are assisted by Departmental leaders. The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Senior Pastor who is also the Chief Executive. He is assisted by volunteers. onsibilities of the Trustees Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet dare and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial Statements the Trustees should follow best practice and Select suitable accounting policies and then apply them consistently; Ma1<e judgements and estimate5 that are reasonable and prudent Prepare the financial statements on the on going basis unless it is inappropriate to presume that the charity will continue on that basis. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensu thac the financial statements comply with Chariry Act of 201 l. The Trustees are a150 responsible for safeguarding the assets of the Charity and hence for taking reasonable sceps for the PventIon and detection of fraud and other irregularities.
Highlights of the activities for year ended 30111 September 2024 Throughout 2024, the church continued to seive as a source of hope aiid suppoit in the glowing ecoiiomic piessuits. The oiigoing financial hdShip has significantly affected both individual niembers and the church as a whole, This ha.s contributed to a noticeable decline in weekly attendance of chui'ch services, as many individuals aiid families face pei'sonal and fiiiaiicial challenges. Despite these difficulties, Ihe church has iEmained committed to its niission and continues to seek new and meaningful ways to eiigage ihe wider community, This year, the church once again hosted niinistei's such as Prophct Gary, Rev, Cli]eS fosu Aycvkwah aiid Rev Di Lawi'eiice Tctteh who delivered inipactful s"leS of workshops and seiinon.s and pi'actical workshop with sigLuficanl emphasis Offense Maintaining faith at all times tlll'ough seasons Hai'iiessiiig oiii gifts c1nd talent8 SimilEu' to the pi'evious yeai the feedback was positive. The churcli once agaiii celebi'aled Intei'national Women's Day aiid Inteniational Men's Day higlilighting Ihe impoi'tance of Godly IrAeii and wornen in today's soLiely. Last but not the least, the church once again placed sigiiificant impoitance on the members taking hope to the hopeless, comfoi'ting the vulnei'able while s11.117g the gospel. This led to membeis of ihe chui'ch voluiiteci'ing at local and pi"efei'red ch"itIeS dui'ing Christmas period. As always, the chuich continues to explore and make impact iii the life of the membeis and local coinmuliily.
ROA Christian Pra ort of the Trustees for the Year Ended 30th Se er Ministries Ltd tember 2024 Members of the Board of Trustees Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page l. In accordance with charity law, as trustees, we certify that: So far as we are aw2re, there is no relevant inforniation of which the company's accountants are unaware; and as ¢he trustees of the charity we have taken all steps that we ought to have taken in order to mal<e ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information,. This report has been prepared by order of the trustees and signed on cheir behalf by: Nicholas Kotei Directo 10
ROA Christian Pra Inde endent Examiners Re r ended 30th Se er Ministries Ltd ort to the Trustees of ROA Christian Pra tember 2024 er Ministries Ltd for the I report on the accounts of the charity for the year ended 30th September 2024, which are set out on pages 12 to 19. Res ective res onsibilities of tr Ste and examiner The trustees (who are also the directors of the organisation are responsible for the preparation of The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (201 l Act) and that an independent examination is needed. The charity's gross income did not exceed £250,000 and l am qualified to undertake the examination by being a Fellow member of the Association of Certified Public Accountants. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: [] examine the accounts under section 145 of the 2011 Act; [] to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act,. and ti to state whether particular matters have come to my atcention. Basis of inde ende aminer's re rt My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compari50n of the accounts Wlth those records. It also includes consideracion of any unusual items or disclosures in the accounts, and seeking explan2tions from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the 2ccounts present a 'true and fair view, 2nd the report is limited to those matters set out in the statement below. li
ROA Christian Pra er Ministries Ltd Inde endent Examiners Re ort to the Trustees of ROA Christian Pra ear ended 30th Se tember 2024 er Ministries Ltd for the Inde endent examiner's statement In connection with my examination, no matter has come to my atntIon. ( l ) which gives me reasonable cause to believe that in any material respect the requirements: O to keep accounting records in accordance with section 386 of the Companie5 Act 2006; and to prepare accounts which accord with the accounting records, comply wich the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reportin8 by Charities have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Samuel Durojaiye FCPA Samuelson & Co UK Ltd Certified Public Accounta nts 596 Icingsland road Haclcney, London E8 4AH 12
ROA Christian Pra er Ministries Ltd Statement of Financial Activities Includin ear ended 30th Se tember 2024 Income and Ex enditure Account rthe 2024 2024 2023 Unrestricted Restricted Funds Funds Total Total Funds Funds Notes Incomin Incomin resources resources from enerated funds: Voluntary Income: Donations - by members Other income - Gift Aid Total incomin 48,676 27.742 76,418 48,676 27,742 76,418 107,431 sources 107,431 tof Costs of generating voluntary income ene in funds 33,457 33,457 78,518 Charity activities 54,926 54,926 96,977 Governance Costs 1.000 1,000 960 T talre ource ded 89,383 89,383 176,455 Net Incomin resource5 before other 12,965 12,965 69,024 reco ains Netm vemÉnt in funds Reconcili tion of Funds Total funds brought forward 12,965 12,965 69,024 58,184 58,184 127,208 Total funds carried forward 45,219 45,219 58,184 The statement of financial activities includes all gains and1055es in the year. All incoming resource5 and resources expended derive from continuing activities. The notes on Pages 12 to 17 form part of these Accounts.
ROA Christian Pra er Ministries Ltd Balance Sheet as at 30th Se tember 2024 Notes 2024 2023 Fixed assets ible assets Currents asset Cash at ban1< and in hand 46,219 59,144 46,219 59,144 ors: Amounts fallin due within one ear 1,000 960 urrent A sets 45,219 58,184 ssets le s curr nt liabili 45,219 58,184 redit mounts fallin ore than one due Inet sets liabilities 45,219 58,184 Fund Unrestricted Funds 45,219 58,184 T tal funds 45,219 58,184 Approved by the Board of Trustees on the 22nd April 2025 and signed on its behalf by: Nicholas tel Dire stee The notes on pages 12 to 17 form part of these financial statements. 14
ROA Christian Pra er Mtnistries Ltd Notes formin art of the financial statements for the ear ended 30th Se tember 2024 l. Accountin Policies The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the proceeding year. Basis of Accountin The financial statements have been prepared under the historical cost convention, as modified by inclusion of fixed assets investments at market V31ue. and in accordance with the Statement of Recommended Practice,. Accounting and Reporting by Charities issued in March 2005. ndA ntin Unrestricted funds are available for use at the discretion of the truscees in furtherance of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values. Designated funds are unrestricted funds earmarked by the TruSeS for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. comin Resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular cacegories of income: Voluntary income is received by way of grnnts, donations and gj'fts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Invested income is included when receivabl Incoming resources from charitable trading activity are accounted for when earned. 15
ROA Christian Pra er Ministries Ltd Notes formin art of the financial statements for the ear ended 30th Se tember 2024 Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance. Resources ex ended Expenditure is recognised on an accrual basis as 2 liability 15 incurred. Expenditure includes any VAT which cannot be fully recovered, and 15 reported as part of the expenditure to which it relates: Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be alloca*d directly to such activiLie5 and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity, All cost5 are allocated becween the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor area5, per capita or e5tlmated usage as Set out in Notes 3-5. ixed Ass Flxed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £ 1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 5 years. Investments held as fixed assets are revalued at mid market value at the balance Sheet date and the gain or loss tal<en to the Statement of Financial Activities if any. 2. Donations Unrestricted Restricted 2024 2023 Total Total Donations - by members G ift Aid 48,676 27,742 48,676 27,742 107,431 JRS 76,418 76,418 107,431 16
ROA Christian Pra er Ministries Ltd art of the financial statements for the Notes formin ear ended 30th Se tember 2024 osts of Generatin Volunta Income Basis of Church Support Cost Governance 2024 2023 Allocation Work Banlc Charges Administration Support Costs Premises Direct 83 Direct 15,511 15,511 7,824 10,122 18,962 40,386 19,087 Direct 7.824 Direct 10,122 25,633 7,824 33,457 78,518 4. Charltable Activities Ministry Direct 54,926 54,926 96,977 54,926 54,926 96,977 Governan e Cost Professional Fees Direcc 1,000 1,000 960 1,000 1,000 960 Total Resource ended 80,5S9 7,824 1,000 89,383 176,455 e Remuneration Related P Transaction No member of the Board of Directors ap2rt from the Senior Pastor received any remuneration during the year. 7. Taxation As a charity, ROA Christian Prayer Ministries Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Actl 988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charge5 have risen in the Charity.
ROA Christian Pra er Ministries Ltd art of the financial statements for the Note formin ear ended 30th Se tember 2024 8. Tan ible Fixed Assets Equipment Fixtures & 2024 Fittings Total Cost At I st October 2023 13,793 13,793 AdditionslDispodal At 30th September 2024 13,793 13,793 re iation At 1st October 2023 13,793 13,793 Charge for the year At 30th September 2024 13,793 13,793 N t Boolc At 30th S temb r 2024 30th S tem 9. Creditors: Amounts falling due within one year 2024 2023 AccrLsals 1,000 1,000 960 960 18
ROA Christian Pra er Ministries Ltd Notes formin art of the financial statements for the ear ended 30th Se tember 2024 l O. Net incomin resource for the ear This is t ted after char in 2024 2023 Depreciation Audit & Accountancy Fees 2759 1000 960 11.Anal sis of Net Assets Between Funds 2024 2023 General Designated Funds Restricted Total Total Funds Funds Funds Funds Tangible Fixed Assets Current Assets Current Liabilities 46.219 I ,000 46,219 1,000 126,251 960 at 30th Se tembe 2024 4S,219 45,219 125,291 Movements in F nd5 Incoming Resources Outgoing Resources Transfer At31 July At31 July 2024 2023 [Inc Gains Restricted Funds. Total Restricted Funds Unrestricted Fun General Funds 76,418 89,393 45,219 58,154 Total Unrestricted Funds 76,418 89,393 45,219 58,154 Total Funds 76,418 89,393 45,219 58,154 19
ROA Christian Pra er Ministries Ltd me and Ex enditure Account for the Inc ear ended 30th Se tember 2024 2024 2023 Income 76.418 107,431 LESS O ERHEADS Premises Costs Hire of Hallloffice Rent 10,122 19,087 10,122 19,087 Admin'stration Salary Office expense Self Storage Costs & Insurance 11.035 4,476 11.016 7,946 15,511 18,962 Bank Charges 83 83 Minist Evangelism and Donatlons Events, Seminars & Conference5 Prlnting & Stationery Mission 27,829 14,244 312 12,541 36,863 34,558 819 24,737 54,926 96,977 Profe sional Fee Audlt & Accountancy Fees 1.000 960 1,000 960 ort Costs Travel Expenses Accomodation 5,668 2,156 22.155 16,314 1.917 Depreciation 7,824 40,386 89,383 12,965 58,184 45,219 176,455 69,024 127,208 58,184 Surplu51Deficit for the year Surplus broUt forward Surplus carried forwai"d This page does not form part of the statutory accounts. 20