Charity number: 1190428
Invictus Prophetic Network
Report of the Trustees and Unaudited Financial Statements
For the period ended 31 December 2021
Invictus Prophetic Network Contents Page For the period ended 31 December 2021
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
Invictus Prophetic Network Report of the Trustees
For the period ended 31 December 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the period ended 31 December 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Invictus Prophetic Global is a gathering place for both established and emerging prophets. The charity's objectives and aims are to equip and empower these prophetic voices around the world.
To advance the Christian faith for the benefit of the public in accordance with the evangelical alliance basis of faith, by partnering with churches, mission groups, NGOs globally the advancement of education - to deliver teaching on the prophetic giftings in particular but not exclusively, by use of information, media, such as the internet, radio, TV seminars, conferences, lectures, written material, and other appropriate means. the relief of poverty.
Statement on public benefit
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
The Charity has two main operations, the academy and a mentoring service.
The academy aims to serve you in a way that will support your expansion of awareness and deepening abilities to walk according to the mandate God has placed its students. This has seen a successful start and should continue to grow.
The mentoring service has recently been launched and is designed for prophets and prophetic people interested in pushing through into all that God has for them. Again, initial sign-ups are positive and the trustees are hopeful that this will prove a beneficial to its participants.
FINANCIAL REVIEW
Reserves
During the financial period the Charity has generated incoming resources of £56,213. Resources expended amounted to £23,003. The surplus for the period amounted to £33,210.
Going concern
The accounts have been prepared on a going concern basis. The Trustees are of the view that the level of reserves will support
the charity going forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed by a Constitution, adopted 24 February 2020.
Recruitment and appointment of trustees
The Constitution has no provisions for recruiting new Trustees, other than by recommendation by existing trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Invictus Prophetic Network Charity registration number 1190428 Principal address 19 Marler Road Folkestone Kent CT19 4DA
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Invictus Prophetic Network Report of the Trustees Continued For the period ended 31 December 2021
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiners
Rebecca Anne Sendall-King (Appointed: 24 February 2020) Paul Barrett (Appointed: 07 February 2022) Heather Joy Clayton Erin Mohr (Appointed: 17 April 2021) Stephen Cummins Swift Accountancy Limited Swift Farm, Sandy Lane Ashford Kent TN26 1JN
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 15 July 2022 Rebecca Anne Sendall-King (Director)
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Invictus Prophetic Network Statement of Financial Activities
For the period ended 31 December 2021
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Invictus Prophetic Global Academy Total Expenditure on: Charitable activities 4/5 Invictus Prophetic Global Academy Total Net income Total funds carried forward |
Unrestricted funds £ 39,506 16,707 |
|---|---|
| 56,213 | |
| (23,003) | |
| (23,003) | |
| 33,210 | |
| 33,210 |
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Invictus Prophetic Network Statement of Financial Position
As at 31 December 2021
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 12 Total funds |
£ 2021 924 |
|---|---|
| 924 | |
| 33,386 | |
| 33,386 | |
| (1,100) 32,286 |
|
| 33,210 | |
| 33,210 | |
| 33,210 | |
| 33,210 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rebecca Anne Sendall-King Trustee
15 July 2022
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Invictus Prophetic Network Notes to the Financial Statements
For the period ended 31 December 2021
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice 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 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Invictus Prophetic Network 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 note(s).
Reporting period
The accounting period covers the period from when the constitution was adopted on 24 February 2020 to the first reporting date of 31 December 2021.
Going concern
Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support
the charity going forward.
Incoming 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 categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer Equipment 33% Straight line
2. Income from donations and legacies
| Unrestricted funds Donations received |
2021 £ 39,506 |
|---|---|
| 39,506 |
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Invictus Prophetic Network Notes to the Financial Statements Continued For the period ended 31 December 2021
3. Income from charitable activities
| Unrestricted funds Invictus Prophetic Global Academy Ministry school and mentoring dues osts of charitable activities by fund type Unrestricted funds Invictus Prophetic Global Academy Direct cost Depreciation - owned assets Trustee lecturing Donations made IT, computer and website Foreign exchange losses Support costs Invictus Prophetic Global Academ Management Advertising Finance Governance costs Accountancy fees |
2021 £ 16,707 2021 £ 10,199 455 702 100 4,659 4,293 |
|---|---|
| 20,408 550 945 1,100 |
|
| 2,595 | |
| 23,003 |
4. Costs of charitable activities by fund type
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Invictus Prophetic Network Notes to the Financial Statements Continued
For the period ended 31 December 2021
5. Costs of charitable activities by activity type
| Activities | Support | 2021 | |
|---|---|---|---|
| undertaken | costs | ||
| directly | |||
| £ | £ | £ | |
| Support costs | |||
| Invictus Prophetic Global | |||
| Academy | |||
| Invictus Prophetic Global | 10,199 | 945 | 11,144 |
| Academy | |||
| Accountancy fees | - | 1,100 | 1,100 |
| Depreciation - owned assets | 455 | - | 455 |
| Advertising | 702 | 550 | 1,252 |
| Donations made | 100 | - | 100 |
| IT, computer and website | 4,659 | - | 4,659 |
| Foreign exchange losses | 4,293 | - | 4,293 |
| 20,408 | 2,595 | 23,003 | |
| 20,408 | 2,595 | 23,003 |
6. Analysis of support costs
| Invictus Prophetic Global Academy Management Advertising Finance Finance Governance costs Accountancy fees |
2021 £ 550 945 1,100 |
|---|---|
| 2,595 |
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Invictus Prophetic Network Notes to the Financial Statements Continued
For the period ended 31 December 2021
7. Net income/(expenditure) for the period
This is stated after charging/(crediting):
| Depreciation of owned fixed assets Accountancy fees articulars of employees Trustees |
2021 £ 455 1,100 |
|---|---|
| 2021 5 |
|
| 5 |
8. Particulars of employees
9. Trustee remuneration and related party transactions
During the period a trustee was paid £702 for lecturing with the Invictus Prophetic Global Academy on a freelance basis. These transactions were authorised and in line with Governing Document.
10. Tangible fixed assets
| Cost or valuation Additions At 31 December 2021 Depreciation Charge for period At 31 December 2021 Net book values At 31 December 2021 |
Computer Equipment £ 1,379 |
|---|---|
| 1,379 | |
| 455 | |
| 455 | |
| 924 |
11. Creditors: amounts falling due within one year
| Accruals and deferred income | 2021 £ 1,100 |
|---|---|
| 1,100 |
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Invictus Prophetic Network Notes to the Financial Statements Continued
For the period ended 31 December 2021
12. Movement in funds
Unrestricted Funds
| Unrestricted Funds | |||
|---|---|---|---|
| General General |
Incoming resources £ 56,213 56,213 |
Outgoing resources £ (23,003) (23,003) |
Balance at 31/12/2021 £ 33,210 |
| 33,210 |
Purpose of unrestricted Funds
General
The general fund is for Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
13. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 924 32,286 33,210 |
|---|---|
| 924 32,286 33,210 |
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Invictus Prophetic Network Detailed Statement of Financial Activities For the period ended 31 December 2021
| INCOME AND ENDOWMENT Donations and legacies Donations Charitable activities Ministry school and mentoring dues Total incoming resources EXPENDITURE Charitable activities Honorarium and lecturers Depreciation - owned assets Trustee lecturing Donations made IT, computer and website Foreign exchange losses SUPPORT COSTS Management Advertising Finance Finance Governance costs Accountancy fees Total resources expended Net Income |
£ 2021 39,506 |
|---|---|
| 39,506 16,707 |
|
| 16,707 | |
| 56,213 (10,199) (455) (702) (100) (4,659) (4,293) |
|
| (20,408) (550) |
|
| (550) (945) |
|
| (945) (1,100) |
|
| (1,100) | |
| (23,003) | |
| 33,210 |
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This page does not form part of the statutory financial statements