Registered Charity No - 1191088
POWER OF PRAYER IN THE HOUSE OF PRAYER MINISTRY
Trustees’ Report and Accounts For the Year Ended 31 March 2025
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 3 |
| Trustees' Report | 4 |
| Independent Examiners’ Report | 7 |
| Statement of Financial Activities | 8 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees
- David Kofi Ahinful (Chair) 2. Mercy Longdon 3. Michaela Nyamekye Gyamfi 4. Faustina Mensah
Charity registered Number 1191088 Date of Charitable Registration 1[st] September 2020 Principal office 96 Cottage Street London E14 0AA Independent examiners Accounting Assist Ltd C/o Good to Give Bankers Metro Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Power of Prayer in the House of Prayer Ministry for the year ended 31[st] March 2025. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities (revised 2005).
Structure, governance and management
The 4 Trustees are:
David Kofi Ahinful Mercy Longdon Michaela Nyamekye Gyamfi Faustina Mensah
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
Governing document:
Power of Prayer in the House of Prayer Ministry is an unincorporated charitable organization formed on 1[st] September 2020 and registered as a charity on 1[st] September 2020. The charity is governed by a CIO 1[st] September 2020.
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.
Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Objectives and activities:
To advance Christian Evangelism in London and throughout England for the benefit of the public, mainly but not exclusively through the holding of prayer meetings, celebration of religious festivals, religious education, enlightening others about the Christian faith and to provide outreach and pastoral care for the community.
Financial review:
The largest contribution to the charity for the year came from general offerings. The charity has begun its charitable activities from September 2020.
The Charity currently aims to designate the total fund received less expenses for the main objective of the charity.
Plans for future periods:
The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals.
Statement of Board of Trustees’ responsibilities:
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement of disclosure of information to independent examiner.
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out above each confirm, so far as we are aware, that:
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There is no relevant information of which the Charity's independent examiner is unaware; and we have
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taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
Independent Examiner:
The Charity's independent examiner, Anum Hassan, FCCA of Accounting Assist Ltd C/o Good to Give Ltd, have indicated their willingness to offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
Name ……………………….
Signature…………………….
Date…………………………. 20/05/2025
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POWER OF PRAYER IN THE HOUSE OF PRAYER MINISTRY
I report on the financial statements of the charity for the year ended 31[st] March 2025 which comprise the Statement of Financial Activities.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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To 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 Group/District 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 no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed: Dated: 22/05/2025
Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
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STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2025 | 2025 | 2025 | 2024 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| General offerings | 10,294 | - | 10,294 | 16,703 | |
| Total Incoming resources | 10,294 | - | 10,294 | 16,703 | |
| Resources expended | |||||
| Charitable Activities & Expenditure | 7,792 | - | 7,792 | 14,519 | |
| Governance costs | 840 | - | 840 | 420 | |
| Total Resources expended | 8,632 | - | 8,632 | 14,939 | |
| Movement in total fund for the year- | |||||
| Net income / (expenditure) For the | 1,662 | - | 1,662 | 1,764 | |
| year | |||||
| Fund balance brought forward | 20,397 | - | 20,397 | 18,633 | |
| Fund balance carried forward | 22,059 | - | 22,059 | 20,397 |
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