**REGISTERED CHARITY NUMBER: 1191853** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 October 2023** **for** ## **POWER OF GOD EVANGELICAL MINISTRY** **POWER OF GOD EVANGELICAL MINISTRY** ## **Contents of the Financial Statements for the Year Ended 31 October 2023** ||**Page**|**Page**|**Page**| |---|---|---|---| |**Report of the Trustees**||1|| |**Independent Examiner's Report**||2|| |**Statement of Financial Activities**||3|| |**Balance Sheet**||4|| |**Notes to the Financial Statements**|5|to|6| |**Detailed Statement of Financial Activities**||7|| ## **POWER OF GOD EVANGELICAL MINISTRY** ## **Report of the Trustees for the Year Ended 31 October 2023** The trustees present their report with the financial statements of the charity for the year ended 31 October 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1191853 ## **Principal address** Highcroft Community Centre 485 Slade Road Stockland Green Birmingham B23 7JG ## **Trustees** Olanrewaju T Akinola - Chair Fatimehin Foluso Juliet Elizabeth Modupe Esuruoso Omitoyin Oladoyin Olumide Joy Ogbonnaya Esther Titilayo Akinola ## **Independent Examiner** FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU Approved by order of the board of trustees on 22 August 2024 and signed on its behalf by: Trustee Olanrewaju Temitayo Akinola Page 1 **Independent Examiner's Report to the Trustees of POWER OF GOD EVANGELICAL MINISTRY** ## **Independent examiner's report to the trustees of POWER OF GOD EVANGELICAL MINISTRY** I report to the charity trustees on my examination of the accounts of POWER OF GOD EVANGELICAL MINISTRY (the Trust) for the year ended 31 October 2023. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material 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 Trust as required by Section 130 of the 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. FKAY SOLUTIONS Suite F6, Wood Street Business Centre 195 Wood Street London E17 3NU Date: 22 August 2024 Page 2 ## **POWER OF GOD EVANGELICAL MINISTRY** ## **Statement of Financial Activities for the Year Ended 31 October 2023** **----- Start of picture text -----**
Unrestricted
fund
Notes £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,400
EXPENDITURE
Ministry and event costs 1,963
Charitable activities
Welfare and support costs 415
Total 2,378
NET INCOME 22
RECONCILIATION OF FUNDS
Total funds brought forward (348)
TOTAL FUNDS CARRIED FORWARD (326)
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The notes form part of these financial statements Page 3 **POWER OF GOD EVANGELICAL MINISTRY** ## **Balance Sheet 31 October 2023** **----- Start of picture text -----**
Unrestricted
fund
Notes £
CURRENT ASSETS
Cash in hand 52
CREDITORS
Amounts falling due within one year 3 (378)
NET CURRENT ASSETS/(LIABILITIES) (326)
TOTAL ASSETS LESS CURRENT
LIABILITIES (326)
NET ASSETS (326)
FUNDS 4
Unrestricted funds (326)
TOTAL FUNDS (326)
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The financial statements were approved by the Board of Trustees and authorised for issue on 22 August 2024 and were signed on its behalf by: ## Trustee Olanrewaju Temitayo Akinola The notes form part of these financial statements Page 4 **POWER OF GOD EVANGELICAL MINISTRY** ## **Notes to the Financial Statements for the Year Ended 31 October 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they 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. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 October 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 October 2023. continued... Page 5 ## **POWER OF GOD EVANGELICAL MINISTRY** ## **Notes to the Financial Statements - continued for the Year Ended 31 October 2023** ## **3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** **£** Other creditors **378** ## **4. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**||| |---|---|---| |**Unrestricted funds**
General fund|**At**
**1.11.22**
**£**
**(348)**|**Net**
**movement**
**At**
**in funds**
**31.10.23**
**£**
**£**
**22**
**(326)**| |**TOTAL FUNDS**|**(348)**|**22**
**(326)**| Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|**Incoming**
**Resources **
**resources**
**expended**
**£**
**£**
**2,400**
**(2,378)**|**Movement**
**in funds**
**£**
**22**| |---|---|---| |**TOTAL FUNDS**|**2,400**
**(2,378)**|**22**| ## **5. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 October 2023. Page 6 ## **POWER OF GOD EVANGELICAL MINISTRY** ## **Detailed Statement of Financial Activities for the Year Ended 31 October 2023** **----- Start of picture text -----**
£
INCOME AND ENDOWMENTS
Donations and legacies Donations
2,400
Total incoming resources
2,400
EXPENDITURE
Charitable activities
Welfare and support
415
General expenses
Ministry and event costs
1,963
Total resources expended 2,378
Net income 22
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This page does not form part of the statutory financial statements Page 7