2023-08-31-accounts - Prophetic Power House

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PROPHETIC POWER HOUSE

Company Number: 11522027 Charity Number: 1190068

PROPHETIC POWER HOUSE

REPORT AND FINANCIAL STATEMENTS FOR (UNAUDITED)

YEAR ENDED 31[ST] AUGUST 2023

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

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

PROPHETIC POWER HOUSE

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] August 2023. 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 £1,155. (2022: surplus £282)

Approval

The report was approved by the board of trustees on …………… 2024 and signed on their behalf by:

Joyce Liyayi …………………………….

Trustee

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 2023 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

PROPHETIC POWER HOUSE

Statement of financial activities for the year ended 31[st] August 2023 Incorporating the Income and Expenditure Account

Note Incoming Resources Incoming resources from generated funds Tithes & offerings 2 Interest Total Incoming Resources Resources expended Charitable activities Rent Media Printing & Stationery Gift & Donation Events & refreshments Transport Storage Professional fees Travel & Subsistence Telephone & Postage Advertising Depreciation Total resources expended Governance cost Net incoming/ (outgoing) resources Balance carried forward at 31st August 2023	2023 £ 48,395 1 48,396 7,763 1,846 561 2,683 8,854 346 1,400 711 22,209 17 - 367 46,757 484 47,241 1,155	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

PROPHETIC POWER HOUSE

Balance Sheet as at 31[st] August 2023

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	596 596 (484)	2023 £ 2,693 112 2,805 1,650 1,155 2,805	2022 £
				2,437 (425)
				(425)
				(362)
				(787)
				1,650
				1,368 282
				1,650

The financial statements were approved by the Trustees on ……………2024 and signed on their behalf by:

Joyce Liyayi…………………………….

Trustee

PROPHETIC POWER HOUSE

Notes to the financial statements for the year ended 31[st] August 2023

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.

PROPHETIC POWER HOUSE

Notes to the financial statements for the year ended 31[st] August 2023

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 £ 48,395 48,395	Restricted £ - -	Total funds 2023 £
			48,395
			48,395

PROPHETIC POWER HOUSE

3. Tangible fixed assets

Cost At 1stSeptember 2022 Additions At31stAugust 2023 Depreciation At 1stSeptember 2022 Charge At31stAugust 2023 Net book value 2023 Net book value 2022	Church Instruments £ 3,148 623 3,771 711 367 1,078 2,693 2,437	Total £
		3,148 623
		3,771
		711 367
		1,078
		2,693
		2,437

4. Creditors

Accountancy fee	2023 £ 484	2022 £
		362