## **PRAYER WORKS MINISTRY** _**Charity Registration Number 1196023**_ ## _**Financial Report for the period to 30 September 2025**_ Registered Address: 5 The Arcade, Hatfield, Hertfordshire AL10 0JY ## **PRAYER WORKS MINISTRY** ## **Charity No. 1196023** **Financial Report for the period to 30 September 2025** |**_Contents_**|| |---|---| ||**Page**| |Charity Information|1| |Trustees Report|2| |Income & Expenditure - SOFA|3 - 3A| |Balance Sheet|4| |Notes to the accounts|5 - 8| |Independent Examiner's Report|9| |Income & Expenditure Trend|10| Prayer Works Ministry **PRAYER WORKS MINISTRY** ## **Charity No. 1196023** ## **Financial Report for the period to 30 September 2025** ## **Charity Information** **Trustees** Angela Ngozi Segun Chris Fleming Stella Ogunleye **Registered Address:** 5 The Arcade Hatfield Hertfordshire AL10 0JY **Registered Charity Number:** 1196023 **Accountants:** Valiant Waters Associates 15 Marden Road Croydon CR0 3ET Page 1 Prayer Works Ministry PRAYER WORKS MINISTRY Registered Chanty ￿. 1196023 Trusie•s' Annual R•port For th• Flnanclal Year Ended 30 S•plemb•r 2025 Reference and Admlnlstrntlv• Inlonnthn Chari Na￿ Legal Slwclu Pr8 Works Minis CharilalAe IncortMNated (tsmsation cio 1196023 Chari Number Stru¢lur•, Goveman￿ and Managfrment Prayer Works Mini8ty is a Chrisknan Charitabb I￿r￿al0d fj93nisats.on {ClO) govemed by its CcM)stitub'on regulaled by the Charity Cwmission fof Engkgnd and Wales. Th8 Trustees affj res[M￿SIble for the govemance, strategic direction, financial Stewardship ￿ wwrlw tr￿1 th8 Charity fulfils ils charitith Pwpo￿ lor the public benefit. VISION To see lives transforTh￿ through Jesus ￿1$( fanm'h'es strerKJIhW￿. every generation empowered lo fuffil their God%iven purw. arLI communib&s I￿riShIng thrO￿h faith, compassion. unity. and pracbcal 88Thice. ￿¥￿1￿9 9ltyy to God and advaneAng Hi8 Klngdom. In6plr¢d by the lova of ch￿ ￿ or• <*)nrtod to Borvirg our comnwnili•s thgnity. respect, compasiM. rtegrfty. We Welc￿ and serye pefv ol all faiths and none, without dis¢riminalAM. rec4nisK￿ the inherent vauo of ovory iftdiv*Jual as we Wofk logelher lo bulld 51rrywJw, Iw%illhi81, IKil¥r, avKI Wim￿Ctad (xJnNnuriities. MISSION Our mis35on is to load p•ople rola￿￿0h1P *ith Jowg Christ by crnating dynamic en¥ironm8nl for aulhthK *￿ShIp. effe￿1v0 cO￿￿￿tion. tmbl1￿I leachiw, educalion. dtscawip. arKI mtraniw rela11r￿ShIp3. W8 are comrnitted to tumirvJ tho hearts of chrfdren, ywwJ p8Oe, adults, and familias towards God and one arh)ther. nurturiThJ Gc#Sgiven Wential, and advanfing Ihe KingdThm of God thnwh fath, c￿passI￿1, seryice. edL￿at￿￿. and Comrnunty engaggmgnl. As part ofthis mi&sxJn, PT•yw Works Ministry d¢lNern prnctical cxwmiunity progrtxnmes and (Artreach initiati￿S that suppc*i dyldren, p￿e. adulls, older peoFdo. families. carers. 8TrJ vulnefaNe members of Ihe rajmmunity. ment￿n9, ¢du¢alion. sktlls development, voknteenrvj. heallh arKJ *Eiiwng Inrtlauves, and communty parlnerships, social Indu￿On, strewn families, ertwrage youth developmen( suppty1 okler peo￿. irKI￿lIng those living 7hith demenba. empower women and ￿￿n. and ueale oppJluThiies foT personal grthvlh. empbymenl. entrepreneurship. aThJ lrfelong learning. cs Camscanner We prO￿ty vun Coffee Wilh Toffee. our comnwnty group that rKovths a wekonNng and Inclijqivp sp3eA whpre can o)Meel. build th'9rbdships, r&duc8 80¢ial isolation, and access practical supwrt. indudiw Ix)melessness reh8tMlitatK)n ￿t0 Ihe (xNnmunity. Additional Care and SupFM)rt whe￿ a ￿SIdent Ywuires perX￿al ca￿. specialist $upFrfrt OT athjitrcffial care seThi¢es. affangements may be made with an apywlalely regulalod care provider. subject to individual asses$￿Trt, ¢onsen( funding arrangements. serlite availabiltty.. Through this initialNe. we encoura98 cjynmunty Partitspalion. promto wellbthng. support okler people and carers, PTovKle dementia-friendy actNits'es. and 5trBnglhen rolalionships acxoss Lwr kx81 rJ)mmunlty. Our is inspirod by the th and teachirvJs ol Jesus Christ and is open to peoplo of all backgroufKls, culluros, and bel￿f9. We and sep4e peOe ofall faiths and nono, without discrimination, treating ovory pgrson wilh dignity, res￿. compassion. and faimes5. Ac¢•ss lo ow seNi¢es. prcwJramm8s, and community Initialives is available to all. regardless of failh. ￿lef. age. ethnioty. gend8r. disability, or b*round. We seek tr) demothle Ihe love of Jesus Clvist thr￿ acti￿, parlnership, and compassionata sefvice. iwJrfdwvJ strwr. hoalthior. safer. and mcKe connectod COMM￿lI11e$ advancirwJ the Kiwdon of God. Through p8rtnershi*. service. and Kyadical 8WPOrt, we seek lo iwihJ stronger. healthier, and mcffe a)nwled (x)nwrwnitss while don￿￿11￿ Ihe lovo of Christ in aclkm. Tru8tMs folkwlng Indwuals ser￿d as Tru5te8s dudry the reportiry peflod: AtYJela Ngozl Segun Chris Fleming Slolla OgvAloyo (s•Md 8£ frysta• ¢*Mwy thg rwtiry perknd and8adtypa￿d 8woy on 15 January 2025). Tribule [￿riftg Ihe repcffting perKxI. the Charity was deepty saddened by the passing of our TNslee. 81ella Ogunlèye, on 15 January 2025. Stella Sep￿d Prayer Works Minislry with failh. dedicalic￿. *rysdom. and c(ryswM. Th Trustees gratefully ackTrty￿edge her valuable conlribulmin to Ihe Chanty aThJ hoTh)ur failhful service. She is uyeaily missed. and our thoughts and wayers remain wilh her family and loved ones. Signed on behalF ol ts 803rd ol Trust fibEf OLAKÉ OLSu.")iLlh Nam•: Date". 01-July 2025 cs Camscanner **Charity No. 1196023** ## **PRAYER WORKS MINISTRY** ## **Financial Report for the period to 30 September 2025** ## **Income and Expenditure Account** |**Income**
**Expenditure**
Travel & Subsistence
Telephone/Broadband
Expensed Equipment & Furniture
Support
Administrative Costs
Bank Charges
Retreat & Convention
Rent & Hire
Registration Costs
Honorarium
Accountancy
**Total Administrative Expenses**
Net Surplus Before Tax
Corporation Tax Payable
**Net Surplus After Tax**|**2025**
**£**
**5,485**
-
160
-
-
464
-
-
-
-
4,981
250
**5855**
(371)
-
**(371)**|**2024**
**£**| |---|---|---| |||**4,099**| |||-
-
369
1,268
239
-
1,990
-
-
-
300| |||**4,166**| |||(68)| |||-| |||**(68)**| Page 3 Prayer Works Ministry **PRAYER WORKS MINISTRY** **Charity No. 1196023** ## **Financial Report for the period to 30 September 2025** ## **Statement of Financial Activities** |**Incoming Resources**
Offerings
Tithes
Events
Total Incoming Resources
**Outgoing Resources**
Charitable Activities
Governance
Total Outgoing Resources
**Net Incoming/(Outgoing) Resources**
Transfer between funds
Funds Brought Forward
**Funds Carried Forward**|**Unrestricted**
**Restricted**
**Total Funds**
**Funds**
**Funds**
**2025**
**£**
**£**
**£**
719
-
719
4,148
-
4,148
-
618
618
4,867
618
5,485
4,363
618
4,981
874
-
874
4,363
618
5,855
503
-
(371)
-
-
-
629
-
629
**1,132**
**-**
**258**|**Total Funds**
**2024**
**£**| |---|---|---| |||1,106
1,433
1,560| |||4,099| |||3,258
908| |||4,166| |||| |||(68)
-
697| |||**629**| Page 3A Prayer Works Ministry PRAYER WORKS MINISTRY Flnanclal Report for tho perlod to 30 September 2025 B)LqrK• Sh••t# at30 S•p 2025 ASSETS CURRENT ASSETS Debtors Caih al bank and In Totsl Curr•nt Assèts 029 CREDITORS.. Amwrts ong yp•r NEf CUARENT A88eT8 NET A88ET8 629 UTrrestrfcted Fur Rfrsldcted . hbEfOL4 S*naturn' Cmyd CRQJET **Charity No. 1196023** ## **PRAYER WORKS MINISTRY** ## **Financial Report for the period to 30 September 2025** ## **1 ACCOUNTING POLICIES** ## **1a Basis of accounting** The accounts have been prepared under the historical cost convention in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and comply with the with the Companies Act 2006, and on accrual basis. The principal accounting policies adopted in the preparation of the financial statements are as follows: ## **1b Tangible fixed assets** Fixed assets costing in excess of £2,000 are capitalised and are shown at historical cost. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its estimated useful life, by the straight line method, over the following periods:- Leasehold improvements over 3 years Computers over 3 years Fixtures, fittings and equipment over 4 years No fixed asset above the £2,000 was purchased in the year, therefore no depreciation charge was due. ## **1c Taxation** The charity is liabile to meet its statutory obligations on Corporation Taxes Act 1988. ## **1d Pensions** No pension contribution is payable by the charity during the year. ## **1e Incoming resources** All incoming resources are included in the financial statement when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy, inclusive of VAT. ## **1f Outgoing Resources** All resources expended are included in the financial statement on an accrual basis inclusive of VAT. ## **1g Cash flow statement** The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from producing a cash flow statement on the grounds that it is a small charity. Page 5 Prayer Works Ministry **PRAYER WORKS MINISTRY** **Charity No. 1196023** ## **Financial Report for the period to 30 September 2025** **----- Start of picture text -----**
2 INVESTMENT INCOME
Total Total
2025 2024
£ £
Bank interest receivable - -
- -
3 OPERATING SURPLUS
2025 2024
£ £
Surplus is stated after charging:
Auditor's remuneration
Audit services - -
Non-audit services - accountancy 250 300
250 300
**----- End of picture text -----**
Page 6 Prayer Works Ministry **PRAYER WORKS MINISTRY** ## **Charity No. 1196023** ## **Financial Report for the period to 30 September 2025** ## **4 STAFF COSTS** |Employee costs during the year amounted to:
Wages and salaries
Redundancy costs
Social security costs
Pension costs|**2025**
**£**
-
-
-
-
-|**2024**
**£**
-
-
-
-| |---|---|---| |||-| No employee engaged during the financial year. ## **5 TANGIBLE FIXED ASSETS** |Improvements
to Leasehold
£
**Cost**
At 30 Sep 2025
-
**Depreciation**
At 30 Sep 2025
-
**Net Book Amounts**
At 30 Sep 2025
-
**6**
**DEBTORS**
Debtors and prepayments|Computer
Equipments
£
-
-
-
**2025**
**£**
-
-|Fixtures &
Fittings
£
-
-
-
**2024**
**£**
-
-|Total
£
-| |---|---|---|---| ||||-| ||||-| ||||| Page 7 Prayer Works Ministry **Charity No. 1196023** ## **PRAYER WORKS MINISTRY** ## **Financial Report for the period to 30 September 2025** |**7**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors including taxation and social security for period
Trade creditors - B/fwd from previous year
Accruals and Deferred income|**2025**
**£**
250
-
-
-
250|**2024**
**£**
300
-
-
-| |---|---|---| |||300| ## **8 ANALYSIS OF NET ASSETS BETWEEN FUNDS** |**Fund Balances at 30th Se[tember 2025**
**are represented by**
Net Incoming (Outgoing) Resources for the period
Accumulated Funds Brought Forward
Funds Carried Forward|**Unrestricted Restricted**
**Total**
**Fund**
**Fund**
**Fund**
**2025**
**£**
(371)
-
(371)
629
-
629
258
-
258|**Total**
**2024**
**£**
(68)
697| |---|---|---| |||629| ## **9 CONTINGENT/OUTSTANDING LIABILITIES** No contingent or oustanding liabilities at the end of the year ## **10 COMMITMENTS AND GUARANTEES** No commitment or guarantee was given in the year Page 8 Prayer Works Ministry **PRAYER WORKS MINISTRY** **Charity No. 1196023** ## **Financial Report for the period to 30 September 2025** ## **Independent Examiner's Report** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/09/2025 as set out on pages 1 to 8. 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”). ## **Responsibilities and basis of report** 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 the 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 which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with - section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Signature:** _AdeOmis-Adeyela_ **Name:** A Omisakin **Designation:** FAIA, MSc **Date:** 25 May 2026 **Address:** Valiant Waters Associates 15 Marden Road Croydon CR0 3ET Page 9 Prayer Works Ministry