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2022-04-11-accounts

Prayer Power Network

Trustees’ annual report for the period ended April 2022

Charity Number: 1192591

PRAYER POWER NETWORK (aka PPN)

Report and Financial Statements for the period ended 30 April 2022

Prayer Power Network

Trustees’ annual report

for the period ended April 2022

Reference and administrative information for the period ended 30 April 2022

Charity number : 1192591

Registered office and operational address

2 Gladedale Avenue, Leeds, LS8 3LA

Trustees

Trustees who served during the period and up to the date of this report were as follows: Pastor Henry Ndudi Onyirioha

Mrs Joy Obianuju Onyirioha Miss Ima-Abasi Sam

Dr Bright Robert

Independent Examiner

NET VALUE LIMITED 2nd Floor Blair House

13 High Street Newport Pagnell MK16 8AR

Buckinghamshire ,United Kingdom

Bankers

NATWEST Bank 81 High Street Bedford MK40 1YN

Prayer Power Network

Trustees’ annual report

for the period ended April 2022

The Trustees present their report and the unaudited financial statements for the period ended April 2022.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Charity’s constitution, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The Charity aims to benefit the public through the advancement of the Christian faith, developing the potentials of individuals so they can be the best Christians within their community for the overall enhancement of the community experience.

Our objectives and activities are:

The Trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

Achievements and performance

The Charity's main activities and who it tries to help are described below. All its charitable activities focus on the general public and are undertaken to further Prayer Power Network’s charitable Purposes for the public benefit.

Activities undertaken to further the purpose of the charity for public benefit are:

Through the above activities undertaken by the charity, the charity was able to further the charity’s purposes for the public benefit to advance the Christian faith, provide an online worship experience for the public, raise awareness and understanding of Christian beliefs and carry out outreach work through weekly and special events and programmes. The activities of the charity has made a difference in

Prayer Power Network

Trustees’ annual report

for the period ended April 2022

relationships in the homes of those who participated as they were able to practice the Christian beliefs they imbibed in the charity’s activities and events. The Christian faith of participants have been enhanced and edified by the charity’s activities and events.

Financial review

During the period the Charity received a total of £35,320 from donations from members. The charity is not yet registered for Gift Aid during this period. The financial results for the period are shown in the annexed accounts.

Reserves policy

It is the policy of the Charity to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

Structure, governance, and management

The organisation is a charitable incorporated organisation, registered as a charity on 30th November 2020 in England and Wales. The Charity is constituted under a constitution dated 20th October 2020.

The Management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Charity’s Constitution.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure. appropriate controls are in place to provide reasonable assurance against fraud and error.

Prayer Power Network

Trustees’ annual report

for the period ended April 2022

Statement of responsibilities of the trustees

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:

The Trustees are responsible for keeping proper accounting records that 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. 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.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Trustees’ annual report has been approved by the trustees on 16/02/2023 and signed on their behalf by

Pastor Henry Onyirioha Chairman

Prayer Power Network

Trustees’ annual report

for the period ended April 2022

Independent Examiners Report To The Members of Prayer Power Network

Independent Examiners Report

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name PRAYER POWER NETWORK members of On accounts for the year 11/04/2022 Charity no 1192591 ended (if any)

Set out on pages

1,-6(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 11/04/2022 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the

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 to enable a proper understanding of the accounts to be reached.

Signed: Date: 17/02/2023 Name: Oladipupo Akinfaye Relevant professional FCCA qualification(s) or body (if any): Address: 2[nd] Floor, Blair House, 13 High Street Newport Pagnell MK16 8AR

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

1

Oct 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

Prayer Power Network

1192591

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period Apr-21 Apr-22 To from

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
35,320
-
-
-
-
-
-
-
35,320
-
-
-
35,320
14,624
1,016
60
174
750
6,623
820
-
-
24,067
8,630
-
8,630
32,697
2,623
-
-
2,623		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
35,320
-
-
-
-
-
-
-
35,320
-
-
-
35,320
14,624
1,016
60
174
750
6,623
820
-
-
24,067
8,630
-
8,630
32,697
2,623		 Total funds
to the nearest £
35,320
-
-
-
-
-
-
-
35,320
-
-
-
35,320
14,624
1,016
60
174
750
6,623
820
-
-
24,067
8,630
-
8,630
32,697
2,623		 Last year
to the nearest £
Donations & Legacies 35,320 -
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 35,320 -
A2 Asset and investment sales,
(see table).
-
-
 -
~~Sub total~~ - -
Total receipts
A3 Payments
-
Grants and Donations 14,624 -
Subscriptions 1,016 -
IT software 60 -
Social media/Advertising 174 -
Catering 750 -
Travel 6,623 -
Accomodation 820 -
- -
- -
**Sub total ** 24,067 -
A4 Asset and investment
purchases, (see table)

Equipment		 8,630
-
**Sub total ** 8,630 -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
-
2,623 - - 2,623 -
- - - - -
- - - - -
2,623 - - 2,623 -

CCXX R1 accounts (SS)

18/02/2023

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Equipment
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
Agreement Error
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Tangible Asset
8,630
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
HENRY ONYIRIOHA		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
HENRY ONYIRIOHA 16/02/2023

CCXX R2 accounts (SS)

18/02/2023

2