Prayer Power Network Trustees’ annual report for the period ended April 2024 Charity Number: 1192591 ## **PRAYER POWER NETWORK (aka PPN)** Report and Financial Statements for the period ended 11 April 2024 Prayer Power Network ## Trustees’ annual report ## for the period ended April 2024 Reference and administrative information for the period ended 11 April 2024 ## **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 Mrs Ima-Abasi Sam Dr Bright Robert ## **Independent Examiner** Diamond Tax & Consulting Landmark Space 170 Midsummer Boulevard Milton Keynes MK9 1BP ## **Bankers** NATWEST Bank 81 High Street Bedford MK40 1YN ## Prayer Power Network Trustees’ annual report ## for the period ended April 2024 The Trustees present their report and the unaudited financial statements for the period ended April 2024. 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: - Fulfilling the Great Commission given by our Lord and Saviour Jesus to every Believer all over the world and teach all nations, people and races the word of God, teaching them to observe every jot and tittle of it and making disciples of them. - Preaching the word to every creature and covering the earth with righteousness. - Reaching out to the churches and the unchurched people of the world. - To lead believers into deeper and richer experiences with the Lord Jesus Christ, teaching and getting them to be acquainted with the gracious means of holy, healthy, happy, prosperous, balanced and fruitful Christian life. This is to prepare them for heaven. - Providing a place of worship for the general public. - Training our volunteers and other Christian ministers for effective service. - Partnering with other charity organisations and local council to organise and deliver communitybased activities, events, or projects. 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: - 1) Weekly Sunday Charge Sessions - 2) History Makers Session (frequent online training of young Christians to advance in their community) - 3) Monthly Midnight Battle Cry (Power Prayer Sessions) - 4) Quarterly Parents Pray Programme (Parents pray for children in the family and community) - 5) Monthly prayer meetings - 6) 21 Days September To Remember Program - 8) 40 Days of Glory Prayer and Fasting program in January 2024 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 2024 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 £ 57,436 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 2024 ## **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: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 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 07/11/2024 and signed on their behalf by Pastor Henry Onyirioha Chairman ## Prayer Power Network ## Trustees’ annual report ## for the period ended April 2024 Independent Examiners Report To The Members of Prayer Power Network Independent Examiners Report CHARITY COMMISSION FOR ENGLANO AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charty Na PRAYER POWER NETWORK On accounts for tho year ended 1111M12024 Charity no lif any) 1192591 Set out on pages 1.4[rwt￿thr to pag• nurthrs of¥&y￿0n¥I shwlNI I report to the trustees on my examination of the accounts of the above harity ('the Trust") for the year ended 11104 12024. Responsibilities and basis of report As the chaiitys trustees, you are responsible for the preparation of the accounts in accordance wrth the requirements of the Chanties Act 2011 (llhe Ad'}. I report in r8sp8ci 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 Directsons given by the Charrty Commission under section 145(5)(b) of the Ad. Independent I have ¢omplet8d my examination. I confirm that no material matters hav6 examinerfs Statsmont come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. . the accounting reccfds were not keprt in ac￿rdance with s8Ction 130 of th8 Charities Act., or . the accounts did not accord with the accounting records., or the accounts did not comply with Ihe applicable requirements con¢erning the fomi and content of accounts set out in the Chanties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts giv8 a Irue and fairf view vthich is not a matter considered as part of an independent examination. I have no ¢oncems and have come across no other matters in connection with the examination to which attenlion should be drawn in this report in order to enable a proper understandirvJ of the accounts to be reached. Dats: 2810112025 Signed: Name.. Oladipupo Akinfaye Relevant professional qualification(s) or body lif any): FCCA Address: Landmark Space, 170 Midsummer Boulevard IER Oct 2018 Milton Keynes MK9 IBP Section B Disclosure Only complete if the examiner needs to highlight rnalerial matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Glv8 here brief detalls of any items that the examiner wishes to disclose. IER Oct 2018 |**Prayer Power Network**|**Prayer Power Network**||**1192591**|| |---|---|---|---|---| |**Receipts andpayments accounts**||||**CC16a**| |**For the period**
**from**|Apr-23|**To**|Apr-24|| |**Section A Receipts and payments**|**Section A Receipts and payments**|||||| |---|---|---|---|---|---|---| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**53,138**
**-**
**-**
**-**
**-**
**-**
**-**
**-**

**53,138**
**-**
**-**
**-**
**53,138**
**5,430**
**1,235**
**669**
**3,707**
**85**
**595**
**1,295**
**1,019**
**987**
**16,981**
**1,130**
**33,131**
**-**
**-**
**-**
**33,131**
**20,006**
**-**
**- 4,818**
**15,188**|**Restricted**
**funds**
**to the nearest £**
**4,298**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,298**
**-**
**-**
**-**
**4,298**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**4,298**
**-**
**-**
**4,298**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**57,436**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**57,436**
**-**
**-**
**-**
**57,436**
**5,430**
**1,235**
**669**
**3,707**
**85**
**595**
**1,295**
**1,019**
**987**
**16,981**
**1,130**
**33,131**
**-**
**-**
**-**
**33,131**
**24,305**||**Last year**
**to the nearest £**| |Donations & Legacies|**53,138**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| ||**-**|||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**53,138**|||||**-**| |||||||| |**A2 Asset and investment sales,**
**(see table).**||||||| ||**-**|||||| ||**-**
|||||**-**| |~~**_Sub total_**~~|**-**|||||**-**| |**_Total receipts_ **
**A3 Payments**||||||| |||||||**-**| |||||||| |Grants and Donations|**5,430**|||||**-**| |Subscriptions|**1,235**|||||**-**| |IT software and Equipment|**669**|||||**-**| |Electricity|**3,707**|||||**-**| |Catering|**85**|||||**-**| |Travel|**595**|||||**-**| |HMRC|**1,295**|||||| |Pension|**1,019**|||||| |Accomodation|**987**|||||**-**| |Salary|**16,981**|||||**-**| |Sundry|**1,130**|||||**-**| |**_Sub total_ **|**33,131**|||||**-**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||||||| ||**-**|||||| ||**-**|||||| |**_Sub total_ **|**-**|||||**-**| |**_Total payments_ **
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||| |||||||**-**| |||||||| ||**20,006**|**4,298**|**-**|**24,305**||**-**| ||**-**|**-**|**-**|**-**||**-**| ||**- 4,818**|**-**|**-**|**- 4,818**||**-**| ||**15,188**|**4,298**|**-**|**19,487**||**-**| CCXX R1 accounts (SS) 03/02/2025 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**
**Details**
Signature
HenryOnyirioha|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
Agreement Error
Agreement Error
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**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| ||HenryOnyirioha|HENRY ONYIRIOHA|30/01/2025| ||||| CCXX R2 accounts (SS) 03/02/2025 2