PROPHETIC POWER HOUSE
**Company Number: 11522027 Charity Number: 1190068**
## PROPHETIC POWER HOUSE
REPORT AND FINANCIAL STATEMENTS FOR (UNAUDITED)
YEAR ENDED 31[ST] AUGUST 2022
J & T _LEXINGTON SERVICES LIMITED_
_8 Holme Close Wellingborough NN9 5YF_
PROPHETIC POWER HOUSE
||**Page**|
|---|---|
|**CONTENTS**|**2**|
|**Charity information**|**3**|
|**Trustee’s Report**|**4**|
|**Independent Examiner’s report**|**5**|
|**Income and Expenditure Account**|**6**|
|**Balance Sheet**|**7**|
|**Notes to the Accounts**|**8 – 10**|
2
PROPHETIC POWER HOUSE
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company Number:**
11522027
## **Charity Number:**
1190068
## **Registered office**
Alison Business Centre 39 - 40 Alison Crescent Sheffield S2 1AS
## **Trustees**
Enike Anyandwile Miss Olivia Godia Joyce Liyayi
## **Accountants**
J & T Lexington Services Limited 8 Holme Close Wellingborough NN9 5YF
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PROPHETIC POWER HOUSE
## **Trustees’ Report**
The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] August 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 8, and comply with the statement of recommended practice.
## **Constitution, objective of the charity, principal activity.**
The charity is governed by Articles of association dated 16[th] August 2018, with Company registration number 11522027 and Charity Number 1190068.
The objectives of the charity:
- To advance the Christian faith
The ministry is involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
## **Review of the financial position**
The charity made a surplus for the year amounting to £282. (2021: surplus £489)
## **Approval**
The report was approved by the board of trustees on …………… 2022 and signed on their behalf by:
**Joyce Liyayi …………………………….**
## **Trustee**
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PROPHETIC POWER HOUSE
Independent Examiner’s Report To the Trustees
## **PROPHETIC POWER HOUSE**
I report on the accounts of the church for the year ended 31[th] August 2022 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 the accounts: they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act), does not apply. It is my responsibility to:
- Examine the accounts under section 43(3) of the 1993 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 43(7)(b) of the 1993 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 reasonable requirements to ensure that:
- proper accounting records are kept (in accordance with section 41 of the Act)
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 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.
Joseph Kinuthia CPA, DMS, MBA J & T Lexington Services Limited
> 8 Holme Close Wellingborough NN9 5YF
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PROPHETIC POWER HOUSE
## **Statement of financial activities for the year ended 31[st] August 2022 Incorporating the Income and Expenditure Account**
|**Note**
**Incoming Resources**
Incoming resources from generated
funds
Tithes & offerings
**2**
**Total Incoming Resources**
**Resources expended**
**Charitable activities**
Rent
Media, Printing & Stationery
Donation
Events & refreshments
Travel & Transport
Storage
Repairs, storage & Maintenance
Professional fees
Subsistence
Telephone & Postage
Advertising
Depreciation
**Total resources expended**
**Governance cost**
Net incoming/ (outgoing) resources
**Balance carried forward at 31st**
**August 2022**|**2022**
£
36,240
36,240
14,216
2,120
925
3,734
1,219
1,100
-
148
11,298
-
504
332
35,596
362
35,958
**282**|**2021**
£|
|---|---|---|
|||20,200|
|||20,200|
|||5,518
802
515
205
1,334
-
1,000
500
8,765
160
515
147|
|||19,461
250|
|||19,711|
|||**489**|
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PROPHETIC POWER HOUSE
## **Balance Sheet as at 31[st] August 2022**
|**Fixed assets**
Tangible fixed assets
**Current assets**
Cash at bank and in hand
**Current liabilities**
**Creditors**
**Net current**
**assets/(liabilities)**
**Net assets**
Represented by:
**Funds of the charity**
Reserves
Net incoming resources
**Total funds**|**Note**
**3**
**4**|(425)
**(425)**
**(362)**|**2022**
£
2,437
**(787)**
**1,650**
1,368
282
**1,650**|**2021**
£|
|---|---|---|---|---|
|||||1,081
537|
|||||**537**|
|||||**(250)**|
|||||**287**|
|||||**1,368**|
|||||879
489|
|||||**1,368**|
The financial statements were approved by the Trustees on ……………2022 and signed on their behalf by:
**Joyce Liyayi…………………………….**
**Trustee**
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PROPHETIC POWER HOUSE
## **Notes to the financial statements for the year ended 31[st] August 2022**
## **1. Accounting policies**
## **a) Accounting basis**
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.
## **b) Incoming resources**
## **i) Voluntary income**
Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.
## **c) Resources expended**
All expenditure is accounted for on an accruals basis.
## **d) Restricted and unrestricted funds**
Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.
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PROPHETIC POWER HOUSE
Notes to the financial statements for the year ended 31[st] August 2022
## **1. Accounting policies (continued)**
## **e) Designated funds**
Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.
## **g) Irrecoverable VAT**
The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.
## **h) Cash Flow**
The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.
## **2. Incoming resources from generated funds**
|Tithes and offerings|**Unrestricted**
**£**
36,240
36,240|**Restricted**
**£**
-
-|**Total**
**funds 2022**
**£**|
|---|---|---|---|
||||36,240|
||||36,240|
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PROPHETIC POWER HOUSE
## **3. Tangible fixed assets**
|**Cost**
At 1stSeptember 2021
Additions
At31stAugust 2022
**Depreciation**
At 1stSeptember 2021
Charge
At31stAugust 2022
**Net book value 2022**
**Net book value 2021**|**Church**
**Instruments**
**£**
1,460
1,688
3,148
379
332
711
**2,437**
**1,081**|**Total**
**£**|
|---|---|---|
|||1,460
1,688|
|||3,148|
|||379
332|
|||711|
|||**2,437**|
|||**1,081**|
## **4. Creditors**
|**Accountancy fee**|**2022**
**£**
**362**|**2021**
**£**|
|---|---|---|
|||**250**|
10