Charity number: 1192589
PROPHETIC VOICE
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PROPHETIC VOICE
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 - 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Statement of Cash Flows | |
| Notes to the Financial Statements | 9 - 15 |
PROPHETIC VOICE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees Dr Sharon Lynn Stone Mr Sylvester Arayomi Mr Jerome Joseph Mrs Machelle Joseph Mr Sterling Record
Charity registered number 1192589 Principal office 24 Ham Island Old Windsor Windsor SL4 2JY Bankers Barclays Bank Plc
Page 1
PROPHETIC VOICE
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the PROPHETIC VOICE for the year 1 January 2024 to 31 December 2024. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Objectives and activities
Prophetic Voice received its charity status on the 30th of November 2020.
In January Prophetic Voice took on four new trustees. These were approved by the previous trustees.
Prophetic Voice hosted 12 “Encounter Sundays”, both gathered and online. These meetings averaged 150 gathered and 500 online viewers. We hosted 8 “mentoring days”, gathered and online. The average number of monthly participants was 400.
In January, Dr. Sharon launched her School of the Prophets Community. She mentored in person and online 300 students 3 to 4 times each month.
Dr. Sharon Stone also taught 1 of her own courses online, to help build and mature the lives of Christians. This course was taught over a 5-week period. The course title was “God’s Spiritual World War 3.” This course is part of Dr Stone’s intellectual properties, which she chose to bless Prophetic Voice viewers with. She generously gave a 10th of the course’s income to the Prophetic Voice charity.
There have been 12 different countries visited this year. These are countries where Christian spiritual gifts training and conferences were facilitated.
These are countries where we have ongoing influence or new relationships: Colombia, Denmark, Iceland, Netherlands, Hungry, Ghana, Germany, Netherlands, Republic of Ireland, Poland, England, and United States: Florida and Texas.
Sufficient reserves are required in order to ensure the viability of the charity in the following areas:
-
To provide day-to-day working capital.
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To maintain any future charity property.
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For protection against a decline in income that cannot be easily matched by a reduction in expenditure.
Page 2
PROPHETIC VOICE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Structure, governance and management
a. Constitution
PROPHETIC VOICE is a registered charity, number 1192589, and is constituted under a Trust deed.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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PROPHETIC VOICE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Approved by order of the members of the board of Trustees on 5th September 2025 and signed on their behalf by:
Dr Sharon Lynn Stone
Page 4
PROPHETIC VOICE
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of PROPHETIC VOICE ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Chartered Institute of Management Accountants UK, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 work or for this report.
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PROPHETIC VOICE
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Signed:
Dated: 5[th] September 2025
Kolade Andrew Alli ACMA
The ARK Financial Management Consultants Ltd 10 Gatcombe Gardens West End Hampshire SO18 3NA
Page 6
PROPHETIC VOICE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income from: Charitable activities 2 Total income Expenditure on: Other expenditure 3 Total expenditure Net income/(expenditure) Transfers between funds 7 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 692,835 692,835 543,488 543,488 149,347 - 149,347 69,700 149,347 219,047 |
Total funds 2024 £ 692,835 692,835 543,488 543,488 149,347 - 149,347 69,700 149,347 219,047 |
Total funds 2023 £ 453,809 453,809 621,859 621,859 (168,050) 54,731 (113,319) 183,019 (113,319) 69,700 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
Page 7
PROPHETIC VOICE
BALANCE SHEET AS AT 31 DECEMBER 2024
| Fixed assets Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 7 Unrestricted funds 7 Total funds |
220,640 220,640 (1,593) |
2024 £ - 219,047 219,047 219,047 219,047 - 219,047 219,047 |
71,553 71,553 (1,853) |
2023 £ - 69,700 |
|---|---|---|---|---|
| 69,700 | ||||
| 69,700 | ||||
| 69,700 | ||||
| - 69,700 |
||||
| 69,700 |
The financial statements were approved and authorised for issue by the Trustees on 08 March 2025 and signed on their behalf by:
Dr Sharon Lynn Stone
The notes on pages 9 to 15 form part of these financial statements.
Page 8
PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
PROPHETIC VOICE 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.
1.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
1.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
All expenditure is inclusive of irrecoverable VAT.
1.4 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. Accounting policies (continued)
1.5 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
1.6 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
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PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Income from donations and legacies
| 2. Income from donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted funds |
Total | Total | ||
| General | 2024 | 2023 | ||
| £ | £ | £ | ||
| Donations | 687,880 | 687,880 | 405,239 |
|
| Income from Prophetic Voice Products | 0 | 0 | 0 | |
| Other Income | 1,465 | 1,465 | 9,572 | |
| Gift Aid tax reclaimed | 3,189 | 3,189 | 38,654 | |
| Bank Interest receivable | 301 | 301 | 344 | |
| 692,835 | 692,835 | 453,809 |
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PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| 3. Expenditure on charitable activities | 3. Expenditure on charitable activities | |
|---|---|---|
| Unrestricted funds Total |
Total 2023 £ 1,115 0 24,436 1,036 192 25,539 80,061 4,856 409,974 471 2,421 10,359 6,280 35,433 0 3,355 2,009 11,057 0 1,600 1,300 0 365 0 621,859 |
|
| General 2024 |
||
| £ £ |
||
| Advertising | 21,620 21,620 |
|
| Audio Expenses | 1,784 1,784 |
|
| Professional Fees | 10,662 10,662 |
|
| Vehicle expenses | 4,764 4,764 |
|
| Video and visual expenses | 3,760 3,760 |
|
| Manse Costs | 541 541 |
|
| Direct Ministry Expenses | 47,284 47,284 |
|
| IT Software and consumables |
9,127 9,127 |
|
| Honorarium | 318,166 318,166 |
|
| Equipment | 0 0 |
|
| Food and Hospitality | 3,513 3,513 |
|
| Social Media and Live Streaming costs |
1,337 1,337 |
|
| Office Expenses | 1,457 1,457 |
|
| Premises Cost | 42,204 42,204 |
|
| Research Materials, Books and Publication |
1,246 1,246 |
|
| Web Maintenance and Hosting |
2,085 2,085 |
|
Printing, postage and stationery |
3,199 3,199 |
|
| Travel and subsistence | 18,342 18,342 |
|
| Accountancy Fees | 8,788 8,788 |
|
| Independent examiner's fee | 1,600 1,600 |
|
| Bank charges | 1,281 1,281 |
|
| Insurance | 3,190 3,190 |
|
| Telephone | 521 521 |
|
| Wages and Salaries | 37,017 37,017 |
|
| 543,488 543,488 |
Page 12
PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. Independent examiner's remuneration
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 1,250 | 1,250 |
5. Trustees' remuneration and expenses
Dr Sharon Lynn Stone
During the year ended 31 December 2024, expenses totaling £144,658 were reimbursed to Dr Sharon ‑ Lynn Stone (2023 £204,897). This relates to work carried out on behalf of the charity. In addition, Dr Sharon Lynn Stone also received salary of £22,667 (2023 - £0) in relation to building and managing the ministry.
6. Creditors: Amounts falling due within one year
| Bank loans Accruals and deferred income |
2024 £ 808 785 1,593 |
2023 £ 603 1,250 |
|---|---|---|
| 1,853 |
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PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Statement of funds
Statement of funds - current year
| Balance at | ||||
|---|---|---|---|---|
| Balance at 1 | 31 | |||
| January | December | |||
| 2024 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General Funds | 69,700 | 692,835 | (543,488) | 219,047 |
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PROPHETIC VOICE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Statement of funds (continued)
Statement of funds - prior year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at | 31 | ||||
| 1 January | Transfers | December | |||
| 2023 | Income | Expenditure | in/out | 2023 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds | 183,019 | 453,809 | (621,859) | 54,731 | 69,700 |
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