## **THE POWERWORD INT**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[st] DECEMBER 2025**
**REGISTERED CHARITY NUMBER: 1181140**
## **THE POWERWORD INT**
**LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[st] December 2025**
## **ADDRESS FOR CORRESPONDENCE**
TPWI REHOBOTH CENTRE EAST STREET ANDOVER SP10 1EY
**REGISTERED CHARITY NUMBER**
1181140
## **GOVERNING DOCUMENT**
CIO FOUNDATION 12[TH] DECEMBER 2018
## **TRUSTEES/ DIRECTORS**
Rev Michael Asiamah Andrews Acquaye Isabella Asiamah
## **PRINCIPAL BANKERS**
HSBC UK BANK 8 Canada Square London E14 5HQ
## **ACCOUNTANTS**
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
**THE POWERWORD INT 11 LUNE COURT ANDOVER SP10 5EW**
**INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7-9**
**1**
## **THE POWERWORD INT**
## **TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2025**
The trustees are pleased to present their report for the year ended 31[st] December 2025 for the charity, The Powerword Int with Charity Number 1181140.
The Trustees of the charity are: Isabella Asiamah Andrews Acquaye Rev Michael Asiamah
The principal address of the charity is : TPWI Rehoboth Centre East Street, Andover, Hampshire
## **OBJECTS**
The main object of the charity is advancing the Christian Religion for the public benefit. 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.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Church is governed by a leadership team on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position. The Charity governing document is a CIO- Foundation Constitution registered 12[th] December 2018.
## **ACHIEVMENTS AND PERFORMANCE**
The church continues to develop itself in the community. The church also continues to hold regular services that are open to the general public. The church also held successful conferences during the year this included outreach programs for the community. During the year the church secured the purchase of a building for its use.
## **FINANCIAL REVIEW**
The income of the church is above £129,000. This is a higher amount on the previous year however the costs have been well managed over this period. There was a surplus on the account this has not been an issue as the church is repaying all loans. The church hopes to continue its work in the coming year without any unnecessary financial constraints. The church used most of its income for renovating the new premises as a place of worship where they plan to move into.
**2**
## **RESERVE POLICY**
It is the policy of the Church 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 church will maintain this level throughout the year.
## **FUTURE DEVELOPMENTS**
The church intends to continue to host its regular yearly conferences in UK. They will continue to host their regular worship services and homework club for the children. The intended re-appointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
## **RISK MANAGEMENT**
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to 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 judgements 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 which disclose with reasonable accuracy 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 assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 1[st] April 2026 and signed on their behalf by:
_____________________________________________
**3**
Independent Examiner’s Report To the Trustees
## **THE POWERWORD INT**
I report on the accounts of the church for the year ended 31[st] December 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
## **Respective responsibilities of trustees and examiner**
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
- Examine the accounts under section 145 of the 2011 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
- State whether particular matters have come to my attention.
## **Basis of Independent examiner’s report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 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 I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 130 of the 2011 Act
- accounts are prepared which agree with the accounting records and comply
- with the accounting requirements of the 2011 Act: or
- (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION 95 Miles Road Mitcham Surrey CR4 3FH
**4**
## **THE POWERWORD INT**
## **Statement of Financial Activities for the year ended 31st December 2025**
|**Unrestricted**
**Total Funds**
**Funds**
**2025**
**2024**
**Incoming Resources from**
**£**
**£**
**£**
**generated funds**
**Note**
Donations and Legacie
**2**
118788
118788
53029
Investment income
**3**
0
0
0
_________
**_________**
**_________**
_________
118788
118788
53029
_Other Income_
Other
10390
10390
11588
___________________________
_________
**Total Incoming**
129178
129178
64617
**Resources**
___________________________
_________
**Resources Expended**
**Charitable activities in furtherance of objectives**
Charitable Activities
**6**
54,920
54,920
49990
**Other**
**4**
14,590
14,590
11155
____________________________________
**Total Resources**
69,510
69,510
61145
**Expended**
____________________________________
**Net movement in funds**
**59,668**
59,668
3472
**Reconciliation of Funds**
Total Funds brought forward
22960
22960
19488
**Total Funds carried forward**
**82,628**
**82,628**
22960|**Unrestricted**
**Total Funds**
**Funds**
**2025**
**2024**
**£**
**£**
**£**
118788
118788
53029
0
0
0
|**Unrestricted**
**Total Funds**
**Funds**
**2025**
**2024**
**£**
**£**
**£**
118788
118788
53029
0
0
0
|
|---|---|---|
||_________
**_________**
**________**
118788
118788
10390
10390
|_________
53029
11588
|
||___________________________
129178
129178
|_________
64617
|
|||_________
49990
11155
|
||___________________________
69,510
69,510
|_________
61145
|
||___________________________
**59,668**
59,668
22960
22960
**82,628**
**82,628**|_________
3472
19488
22960|
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
## **THE POWERWORD INT Balance Sheet as at 31st December 2025**
|**Note**
**2025**
**Fixed Assets**
**£**
Tangible fixed assets
**5**
412162
_________
412162
_________
**Current Assets**
Cash at bank and
4406
in hand
**Debtors & prepayments 9**
5562
9968
**Creditors:amounts falling due within one year**
Creditors & accruals
**8**
480
_________
**Net Current Assets**
9488
_________
**Creditors: amounts due falling after one year**
10
339022
**Net Assets**
**82628**
**Unresticted funds**
82628
_________
**TOTAL FUNDS**
**82628**
_________|**2024**
**£**
21028
________
21028
|
|---|---|
||_________
2316
0|
||2316
384
|
||_________
1932
|
||_________
22960
22960
|
||_________
22960
_________|
Approved by the Trustees on 1st April 2026 and signed on their behalf :
_____________________________________
The notes on these accounts form part of these accounts.
**6**
## **THE POWERWORD INT**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] DECEMBER 2025**
## **1.1 Basis of Accounting**
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
- 1.2 **Going Concern:** The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
1.5 No material prior year error have been identified in the reporting period.
## _Recognition of Income_
These are included in the Statement of Financial Activities (SOFA) when:
- The charity becomes entitled to resources;
- It is more likely than not that the trustees will receive the resources;
- The monetary value can be measured with sufficient reliability.
## _Grants and Donations_
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
## _Tax reclaim on donations and gifts_
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **EXPENDITURE AND LIABILITIES**
## _Liability Recognition_
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## _Grants and Support Costs_
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
**7**
## **THE POWERWORD INT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] December 2025**
_Creditors_
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **ASSETS**
_Tangible Fixed Assets for use by the charity_
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
## _Debtors_
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
**8**
## **THE POWERWORD INT**
## **Notes to the accounts for year ended 31st December 2025**
## **2 Voluntary Income**
|Church collections
Donations
Others
Charitable Actvities
Total|Unrestricted
Total funds
Total funds
Funds
2025
2024
£
£
£
82977
64295
53029
34000
0
0
1811
0
0|
|---|---|
||118788
64295
53029|
## **3 Investment income**
|Unrestricted
Total funds
Funds £
2025/£
Bank Interest
0
0
**4 Other**
2025/£
Missions
2633
Professional fees
11957
Charity donation
0
_________
14590|Total funds
2024/£
0
2024/£
9659 Supporting missions in Ghana
1496
0
_________
11155|
|---|---|
|**5 Tangible Fixed Assets**
**Cost**
At 01/01/2025
Additions
At 31/12/2025
**Depreciation**
At 01/01/2025
charge for the year
At 31/12/2025
**NBV 31/12/25**
NBV 01/01/25|Land
Instrument Fixt & Fitts
Equipment Total
**£**
**£**
**£**
**£**
**£**
16168
181
366
4640
21355
390573
0
233
1683
392489|
|---|---|
||406741
181
3503
6323
413844
36
73
218
327
29
105
1221
1355
65
178
1439
1682
406741
116
3325
4884
412162
16168
145
293
4422
21028|
**9**
## **THE POWERWORD INT Notes to the accounts for year ended 31st December 2025**
## **6 Charitable Activities**
||2025/£|2024/£|
|---|---|---|
|Subscriptions|155|495|
|Hall Hire|2219|4795|
|Telephone|275|300|
|Pastors Expenses|348|5792|
|Training|50|225|
|Staff Wages|20396|19075|
|Church Supplies|899|558|
|Hospitality|1054|2141|
|Church Events|25|514|
|Books & Printing|162|268|
|Welfare|1621|3790|
|Repairs|777|41|
|Radio program|150|550|
|Hotel|462|805|
|Travel expenses|390|1538|
|Media Expenses|1200|899|
|Speakers expenses|1170|1447|
|Bank charges|103|482|
|Admin costs|871|2438|
|Tax/Ni contributions|1765|2585|
|Depreciation|1355|327|
|Webhosting|16|271|
|Insurance|1497|654|
|Music services|10217|0|
|Mortgage Interest|5987|0|
|Light & Heat|296|0|
|Rent|1460|0|
**Total 54920 49990**
**10**
## **THE POWERWORD INT**
## **Notes to the accounts for the year ended 31st December 2025**
|**7 Staff Costs**
Salaries
Tax/NIC
Total|2025
2024
8500
19075
0
2585|
|---|---|
||**8500**
**21660**|
There was 1 employee in the financial year
## **Trustee Benefits**
No trustee received any remuneration from the charity
## **8 Creditors: amounts falling due within one year**
**----- Start of picture text -----**
2025/£ 2024/£
Independent examination 480 384
Creditors
Total 480 384
9 Debtors
2025/£ 2024/£
Tax recoverable 5562 0
loan to members 0 0
Total 5562 0
**----- End of picture text -----**
## **10 Creditors: amounts falling due over one year**
**----- Start of picture text -----**
2025/£ 2024/£
Mortgage 339022 0
**----- End of picture text -----**
**11**