Charity number: 1190428 ## Invictus Prophetic Network Report of the Trustees and Unaudited Financial Statements For the year ended 31 December 2023 Invictus Prophetic Network Contents Page For the year ended 31 December 2023 |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 12| |Detailed Statement of Financial Activities|13| ## Invictus Prophetic Network Report of the Trustees ## For the year ended 31 December 2023 The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2023. 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)'. ## **Volunteers** The Network is grateful to all individuals and organizations who have contributed to the overall income and success of projects undertaken. ## **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 £75,763 (2022: £42,869). Resources expended amounted to £86,933 (2022: £60,494). The deficit for the year amounted to £11,169 (2022: £17,625). Within the amounts above there is restricted income and a surplus of £1,658. ## **Going concern** The accounts have been prepared on a going concern basis. Despite the deficit being generated for the year, the Trustees remain confident that the charity is a going concern. The Trustees are of the view that the level of reserves and donations 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** 75 Waterloo Avenue Leiston Suffolk IP16 4HN 1 of 13 Invictus Prophetic Network Report of the Trustees Continued For the year ended 31 December 2023 ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: ## **Independent examiners** Rebecca Anne Sendall-King Paul Barrett Heather Joy Clayton Erin Mohr Stephen Cummins Roger Gwyn Parry Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN Approved by the Board of Trustees and signed on its behalf by ............................................................................. 26 July 2024 Rebecca Anne Sendall-King (Director) 2 of 13 ## Invictus Prophetic Network Independent Examiners Report to the Trustees ## For the year ended 31 December 2023 I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiners statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adam Clegg FCCA BSc (Hons) - 2670702 Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN 26 July 2024 3 of 13 ## Invictus Prophetic Network Statement of Financial Activities For the year ended 31 December 2023 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Invictus Prophetic Global
Academy
Investments
4
**Total**
**Expenditure on:**
Charitable activities
5/6
Invictus Prophetic Global
Academy
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
20,900
53,205
-
**74,105**
(86,934)
**(86,934)**
**(12,829)**|**Restricted**
**funds**
**£**
1,650
-
8
**1,658**
-
**-**
**1,658**
-
**1,658**|**2023**
**£**
22,550
53,205
8
**75,763**
(86,934)
**(86,934)**
**(11,171)**
15,494
**4,323**|**2022**
**£**
17,323
25,546
-| |---|---|---|---|---| |||||**42,869**| |||||(60,584)| |||||**(60,584)**| |||||**(17,715)**
33,209| |||||**15,494**| 4 of 13 ## Invictus Prophetic Network Statement of Financial Position As at 31 December 2023 |**Notes**
**Fixed assets**
Tangible assets
12
**Current assets**
13
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
14
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Restricted income funds
15
Unrestricted income funds
15
**Total funds**|**£**
**2023**
505
**505**
447
4,590
**5,037**
(1,219)
**3,818**
**4,323**
**4,323**
1,658
2,665
**4,323**|**£**
**2022**
1,298| |---|---|---| |||**1,298**| |||-
15,889| |||**15,889**| |||(1,693)
**14,196**| |||**15,494**| |||**15,494**| |||-
15,494| |||**15,494**| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Rebecca Anne Sendall-King Trustee 26 July 2024 5 of 13 Invictus Prophetic Network Notes to the Financial Statements For the year ended 31 December 2023 ## **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). ## **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. ## **Statement of cash flows** The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small. ## **Funds** Unrestricted fund can be used in accordance with the charitable objective at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions areise when specified by the donor or when the funds are raised for particular purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **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. ## **Resources expended** Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings that have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **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 ## **Debtors** Debtors are measured on initial recongition at settlement amount after any trade discounts or amounts advanced by the charity. Subsequently, they are measured at the cost or other consideation expected to be received. ## **Creditors** The charity has creditors which are measured at settlement amounts less any trade discounts. 6 of 13 ## Invictus Prophetic Network Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **2. Income from donations and legacies** |Donations received
**ncome from charitable activities**
**Unrestricted funds**
_Invictus Prophetic Global_
_Academy_
Ministry school and mentoring
dues
**nvestment income**
**Restricted funds**
Bank interest receivable|**Restricted**
**funds**
**Unrestricted**
**funds**
**£**
**£**
1,650
20,900
**1,650**
**20,900**|**2023**
**£**
22,550
**22,550**
**2023**
**£**
53,205
**2023**
**£**
8
**8**|**2022**
**£**
17,323| |---|---|---|---| ||||**17,323**| ||||**2022**
**£**
25,546
**2022**
**£**
-| ||||**-**| ## **3. Income from charitable activities** ## **4. Investment income** 7 of 13 Invictus Prophetic Network Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **5. Costs of charitable activities by fund type** |**osts of charitable activities by fund type**||| |---|---|---| |**Unrestricted funds**
**Invictus Prophetic Global**
**Academy**
Direct cost
Operating leases - hire of
plant & machinery
Depreciation - owned assets
Trustee lecturing
IT, computer and website
Foreign exchange losses
Bank charges
Admin support
Room hire
Travel expenses
Conference expenses
Print, postage and stationery
Training resources
**Support costs**
**Invictus Prophetic Global Academ**
**Management**
Advertising
Finance
**Governance costs**
Accountancy fees|**2023**
**£**
26,168
208
793
20,948
10,537
553
1,366
1,182
-
10,894
8,568
152
600
**81,969**
918
3,147
900
**4,965**
**86,934**|**2022**
**£**
14,376
-
626
20,374
3,181
34
-
5,679
106
13,231
-
-
-| |||**57,607**
834
1,303
840| |||**2,977**| |||**60,584**| 8 of 13 ## Invictus Prophetic Network Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **6. Costs of charitable activities by activity type** ||**Activities**|**Support**|**2023**|**2022**| |---|---|---|---|---| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support costs**||||| |**Invictus Prophetic Global**||||| |**Academy**||||| |Invictus Prophetic Global|26,168|3,147|29,315|15,679| |Academy||||| |Accountancy fees|-|900|900|840| |Operating leases - hire of|208|-|208|-| |plant & machinery||||| |Depreciation - owned assets|793|-|793|626| |Advertising|20,948|918|21,866|21,208| |IT, computer and website|10,537|-|10,537|3,181| |Foreign exchange losses|553|-|553|34| |Bank charges|1,366|-|1,366|-| |Admin support|1,182|-|1,182|5,679| |Room hire|-|-|-|106| |Travel expenses|10,894|-|10,894|13,231| |Conference expenses|8,568|-|8,568|-| |Print, postage and stationery|152|-|152|-| |Training resources|600|-|600|-| ||**81,969**|**4,965**|**86,934**|**60,584**| ||**81,969**|**4,965**|**86,934**|**60,584**| ## **7. Analysis of support costs** |**Invictus Prophetic Global Academy**
**Management**
Advertising
**Finance**
Finance
**Governance costs**
Accountancy fees|**2023**
**£**
918
3,147
900
**4,965**|**2022**
**£**
834
1,303
840| |---|---|---| |||**2,977**| 9 of 13 ## Invictus Prophetic Network Notes to the Financial Statements Continued ## For the year ended 31 December 2023 ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |Depreciation of owned fixed assets|793|626| |Accountancy fees|900|840| |Operating lease charges - hire of plant and machinery|208|-| ## **9. Particulars of employees** ||**2023**|**2022**| |---|---|---| |Trustees|5|5| ||**5**|**5**| ## **11. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activites are for unrestricted funds. ## **12. Tangible fixed assets** |**Cost or valuation**
At 01 January 2023
At 31 December 2023
**Depreciation**
At 01 January 2023
Charge for year
At 31 December 2023
**Net book values**
At 31 December 2023
At 31 December 2022|**Computer**
**Equipment**
**£**
2,379| |---|---| ||**2,379**| ||1,081
793| ||**1,874**| ||**505**| ||**1,298**| 10 of 13 ## Invictus Prophetic Network Notes to the Financial Statements Continued ## For the year ended 31 December 2023 ## **13. Debtors** |**13. Debtors**||||| |---|---|---|---|---| ||||**2023**|**2022**| ||||**£**|**£**| |**Amounts due within one year:**||||| |Trade debtors|||447|-| ||||**447**|**-**| |**14. Creditors: amounts falling due within one year**||||| ||||**2023**|**2022**| ||||**£**|**£**| |Accruals and deferred income|||1,219|1,693| ||||**1,219**|**1,693**| |**15. Movement in funds**||||| |**Unrestricted Funds**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/01/2023**|**resources**|**resources**|**31/12/2023**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|15,494|74,105|(86,934)|2,665| ||**15,494**|**74,105**|**(86,934)**|**2,665**| |**Unrestricted Funds - Previous year**||||| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/01/2022**|**resources**|**resources**|**31/12/2022**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|33,209|42,869|(60,584)|15,494| ||**33,209**|**42,869**|**(60,584)**|**15,494**| ## **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. 11 of 13 ## Invictus Prophetic Network Notes to the Financial Statements Continued For the year ended 31 December 2023 ## **Restricted Funds** |Missions fund
**Restricted Funds - Previous year**
**Purpose of restricted funds**
Missions fund|**Incoming**
**resources**
**£**
1,658
**1,658**
**Incoming**
**resources**
**£**
**-**|**Balance at**
**31/12/2023**
**£**
1,658| |---|---|---| |||**1,658**| |||**Balance at**
**31/12/2022**
**£**| |||**-**| |||| The missions fund is setup to collect monies donated specifically to be redistributed to those in need in Africa including widows in poverty. ## **16. Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|505|2,160|2,665| |**Restricted funds**|||| |Missions fund|-|1,658|1,658| ||**505**|**3,818**|**4,323**| |**Previous year**|||| ||**Tangible**|**Net current**|**Net Assets**| ||**fixed assets**|**assets /**|| |||**(liabilities)**|| ||**£**|**£**|**£**| |**Unrestricted funds**|||| |_General_|||| |General|1,298|14,196|15,494| |**Restricted funds**|||| ||**1,298**|**14,196**|**15,494**| 12 of 13 ## Invictus Prophetic Network Detailed Statement of Financial Activities ## For the year ended 31 December 2023 |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Charitable activities**
Ministry school and mentoring dues
**Investments**
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Honorarium and lecturers
Operating leases - hire of plant & machinery
Depreciation - owned assets
Trustee lecturing
IT, computer and website
Foreign exchange losses
Bank charges
Admin support
Room hire
Travel expenses
Conference expenses
Print, postage and stationery
Training resources
**SUPPORT COSTS**
**Management**
Advertising
**Finance**
Finance
**Governance costs**
Accountancy fees
**Total resources expended**
**Net Expenditure**|**£**
**2023**
22,550
**22,550**
53,205
**53,205**
8
**8**
**75,763**
(26,168)
(208)
(793)
(20,948)
(10,537)
(553)
(1,366)
(1,182)
-
(10,894)
(8,568)
(152)
(600)
**(81,969)**
(918)
**(918)**
(3,147)
**(3,147)**
(900)
**(900)**
**(86,934)**
**(11,171)**|**£**
**2022**
17,323| |---|---|---| |||**17,323**
25,546| |||**25,546**
-| |||**-**| |||**42,869**
(14,376)
-
(626)
(20,374)
(3,181)
(34)
-
(5,679)
(106)
(13,231)
-
-
-| |||**(57,607)**
(834)| |||**(834)**
(1,303)| |||**(1,303)**
(840)| |||**(840)**| |||**(60,584)**| |||**(17,715)**| 13 of 13 This page does not form part of the statutory financial statements