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 1 of 10 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) 2 of 10 ## 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**| 3 of 10 ## 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 4 of 10 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**| 5 of 10 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** 6 of 10 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**| 7 of 10 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**| 8 of 10 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**| 9 of 10 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**| 10 of 10 This page does not form part of the statutory financial statements