2025-12-31-accounts - Powercity International UK

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POWERCITY INTERNATIONAL UK

Report and Financial Statements For the Year ended 31 December 2025

POWERCITY INTERNATIONAL UK REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2025

Contents	Page
Officers and professional advisers		2
Independent auditors’ report		8
Notes to the accounts		11

POWERCITY INTERNATIONAL UK REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 December 2025

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

EDNA ROSE IKEMHON BORODE SOPHINA IRHAGBON OBOH

REGISTERED OFFICE

42 NORTHERN ROAD SLOUGH SL2 1PB

BANKERS

LLYODS BANK

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER 1199382

POWERCITY INTERNATIONAL UK

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 December 2025

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the report and financial statements. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

The principal activities of the charity continue to be the purpose of the charity (the church), is to ADVANCE THE CHRISTIAN FAITH BY TEACHING, TRAINING AND EQUIPPING BELIEVERS TO KNOW;

1) Who they are in Christ
2) What they are in Christ
3) What Christ can do through them.
4) To evangelise, disciple believers and build strong local churches.

THE CIO IS DEDICATED TO THE ADVANCEMENT AND/OR BROADCASTING OF ACCURATE BIBLICAL TRUTH TEACHINGS AND DOCTRINES RELATING TO ALL ASPECTS OF THE GOSPEL OF CHRIST JESUS.

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

Sharing the good news of Jesus Christ, discipling new believers, launching new Campuses and Training believers to be Coordinators of New Campuses, organising apostolic meetings, conferences, having regular prayer meetings and fellowship in sharing our common faith, to build up and equip all for the work of ministry.
Helping the general Public/mankind
Provides Teaching of the gospel, Training, Discipleship, Advocacy, support/information
Operate in UK, through PCI Campuses e.g Berkshire, London Croydon, Coventry, Kidbrooke, Shirley,Peckham, North London, Birmingham City, Manchester City, Middlesbrough, Ireland

POWERCITY INTERNATIONAL UK

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 December 2025

PLANS FOR THE FUTURE

We plan to continue with our outreach to the community through the preaching and teaching of the Gospel, provide discipleship and training to new and growing believers, both young and old, thus building strong local churches and supernatural healthy relationships among people in the community

FINANCIAL REVIEW

The Charity has generated £36,988.00 in voluntery givings and honor offerings during the year ended 31 December 2025, which is an increase of £22,513.00 on the £14,475.00 received during the year ended 31 December 2024.

The Charity has been successfully expanding its services and portfolio of projects. These projects have continued to gain profile and have been recognised as good practice in the sector.

The Charity will continue to develop its key programmes and seek their sustainability through charitable giving and self-generated income

RISKS

The factors that December affect the Charity’s delivery of its objectives include:

a) Reputation of Charity and the relationship with the community.
b) Ability to generate enough funds to successfully complete the identified projects for the charity.

POWERCITY INTERNATIONAL UK produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. POWERCITY INTERNATIONAL UK has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.

GOING CONCERNS

As at the date of approving the report and accounts, there are no uncertainties about the charity’s ability to continue as a going concern.

MATERIAL DEFICIT

As at the date of this report, there are no funds or subsidiary undertakings that are materially in deficit.

POWERCITY INTERNATIONAL UK REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 December 2025

STRUCTURE, GOVERNANCE AND INTERNAL CONTROL

CHARITY ORGANISATION STRUCTURE

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31 December 2025, the Board had a membership of five people, because it's just 2 trustees at the moment but we are going to add one more Trustee in this 2026. .

DECISION MAKING PROCESS

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.

The trustee December delegate any of their power to any committee consisting of one or more trustees. They December also delegate to any managing director or any director holding any other executive office such of their power as they consider desirable to be exercised by him. Any such delegation December be made subject to any conditions the director December impose and, either collaterally with or to the exclusion of their own powers and December be revoked or altered. Subject to any conditions, the proceedings of a committee with two or more members shall be governed by articles regulating the proceedings of Trustees so far as they are capable of applying.

THE POLICIES AND PROCEDURES FOR THE INDUCTION AND TRAINING OF TRUSTEES

New Trustees are selected by the Board of Trustees and are subject to re-election every five years. As at 31 December 2025, the Board had a membership of five people.

All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this, the Charity follows the code of practice for governance produced by the Governance Hub.

INTERNAL CONTROL SYSTEM

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

A strategic plan and annual budget approved by the Trustees;
Regular consideration by the Trustees of financial results, in particular variance from budget; and
Delegation of authority and segregation of duties.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP (FRS 102)
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.

In so far as the trustees are aware:

there is no relevant information of which the charitable company’s examiner is unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

THE ARRANGEMENTS FOR SETTING THE PAY AND REMUNERATION

The arrangements for setting the pay and remuneration of the charity’s key management personnel and any benchmarks, parameters or criteria used in setting their pay are determined by the trustees as the boards December think fit and appropriate.

WIDER NETWORK

The charity is not part of any umbrella group or affiliated to any umbrella group.

POWERCITY INTERNATIONAL UK

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 December 2025

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 31 December 2025. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

SOPHINA IRHAGBON OBOH on behalf of the trust. Trustee 12 March 2026

Independent Examiner’s Report to the Trustees of POWERCITY INTERNATIONAL UK

I report to the trustees on my examination of the accounts of POWERCITY INTERNATIONAL UK Trust for the year ended 31 December 2025, which are set out on pages 9 to 13.

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 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 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:

Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
The accounts do not accord with those records.

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.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS. 12 March 2026

POWERCITY INTERNATIONAL UK

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 31 December 2025

Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES General Donations 2	Un-restricted funds 2025 £ 36,988	Restricted Funds Total Funds Total Funds 2025 2025 2024 £ £ £ - 36,988 14,475
TOTAL INCOMING RESOURCES	36,988	- 36,988 14,475

RESOURCES EXPENDED
Cost of Generating Funds Charitable activities 3 Governance 4	31,126.25 - 420	31,126 12,125 - - 420 420
TOTAL RESOURCES EXPENDED	31,546	- 31,546 12,545
Net income/(outgoing) resources Total funds brought forward Total funds carried forward	5,442 83 -	1,930 -2,013 - 5,359 (83)
	5,359

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

POWERCITY INTERNATIONAL UK BALANCE SHEET AS AT 31 December 2025

Notes CURRENT ASSETS	2025 2024 Total Total £ £
Cash at bank and in hand 5	7,262 1,399.00
Current Liabilities Creditors: amounts falling due within one year 6 Non Current Liabilities Creditors: amounts falling due after one year Net Current assets/(Liabilities) FINANCED BY: Unrestricted funds 8 TOTAL FUNDS	7,262 1,399 1,482 1,482 -
	5,780 83 -

	5,780 83 - 5,780 83 -
	5,780 83 -

For the year ending 31 December 2025, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

EDNA ROSE IKEMHON BORODE

Trustee 12 March 2026

POWERCITY INTERNATIONAL UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 December 2025

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared 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) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Cash flow statement

Under FRS 102 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds permitted by this SORP specified in Section 7 of FRS102.

Going concern

The trustees have assessed the charity’s ability to continue as a going concern and there are no material uncertainties.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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.

a) Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.
b) Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity.
c) Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements.

The basis of allocation for support costs and governance costs has been explained in Note c) above.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

The fixed assets are written down over their useful economic lives at the following rates

Office equipment - 25% on cost

Pensions

The charity does not operate pension scheme as at 31 December 2025.

POWERCITY INTERNATIONAL UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 December 2025

Note 2. Incoming Resources - General Donations

----- Start of picture text -----
2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
-
General Offerings 36,988 36,988 14,475
Other income - - - -
-
36,988 36,988 14,475
Note 3. Resources Expended - Activities 2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Bank charges 82 82 -
Events & Other related costs 1,049.00 1,049 -
-
Honarium & Seed offering 5,182.00 5,182
Printing & stationery 168.00 168 -
-
Logistics 2,966.00 2,966
Insurance 419.84 420 -
Rent 20,839.85 20,840 12,125
-
30,706 30,706 12,125
Note 4. Resources Expended – Governance 2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £
Accountancy 420 - 420 420
- - - -
Other professional fees
420 - 420 420
Note 5. Cash at bank and in hand 2025 2024
£ £
Cash at bank 7,262 1,399
7,262 1,399
Note 6. Creditors: amounts falling due within one year
2025 2024
This is made up as follows: £ £
- -
Accountancy Fees
Other creditors (Loan) 1,482 1,482
1,482 1,482
----- End of picture text -----

Note 8. Movement in funds

Unrestricted funds Charity's fund Restricted funds Grants Note 9. Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities)	Opening balance £ - - - - Unrestricted Funds £ 7,262 1,482 - 5,780	Incoming resources £ 36,988	Resources expended £ (17,323) (17,323) - - 2025 2024 Total Total Funds Funds £ £ 7,262 1,399 1,482 - 1,482 -
		36,988
		-
		-
		Restricted Funds £ - -
		-	5,780 83 -

Note 10. TRUSTEES REMUNERATION The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2024-2025: £nil)

Note 11. TAXATION

POWERCITY INTERNATIONAL UK is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.