2024-09-30-accounts - Power Of Prayers Ministries

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Trustees’ Annual Report POWER OF PRAYERS MINISTRIES

This Trustees’ Annual Report is prepared for the year ended 31 September 2024 by the trustees of Power of Prayers Ministries, Registered charity number 1201718.

This report outlines the church’s activities, achievements, financial position, governance, and future plans, in accordance with applicable charity regulations and best practice in the United Kingdom and Ireland.

Reference and Administrative Details

Charity Name: Power of Prayers Ministries
Charity Registration Number: 1201718
Address: 4 Rawsthorne Avenue, Manchester, England, M18 7GB

Trustees:

Adekunle Taiwo Stephens
Aderemi Stephens
Omoniyi Abiona
Izevbigie Wilson Omorogiuwa

Structure, Governance and Management

Power of Prayers Ministries is constituted by its Constitution and managed by a board of trustees. Trustees are appointed according to the rules set out in the constitution. The trustees meet regularly to oversee the charity’s activities, ensure compliance with regulations, and set the strategic direction.

Objectives and Activities

The principal objective of Power of Prayers Ministries is the advancement of the Christian faith, fostering religious education, worship, and community outreach. Activities during the year included:

Weekly worship services and prayer meetings
Sunday school and youth programmes
Pastoral care and counselling
Community outreach, including food banks and support for vulnerable individuals
Missionary and charitable support locally and abroad

Achievements and Performance

In 2024, Power of Prayers Ministries continued to serve its congregation and the wider community. Key achievements included:

Successful reintroduction of in-person services post-pandemic.
Expansion of youth engagement through new activities and events
Increased support for local families through food and essentials distribution
Hosting special events, such as Christmas and Easter services, bringing the community together

Financial Review

Income for the year comprised regular giving, and donations. Expenditure was primarily directed towards ministry costs and charitable outreach. The financial position remains stable, with reserves sufficient to meet ongoing obligations.

Risk Management

The trustees regularly review the principal risks facing the charity, including financial, safeguarding, and operational risks. Steps have been taken to mitigate these risks, such as implementing safeguarding policies, and ensuring compliance with regulatory requirements.

Plans for the Future

Looking ahead, Power of Prayers Ministries aims to:

Continue to grow the congregation and community engagement
Develop new outreach initiatives to support those in need
Acquire facilities for worship and community use
Strengthen financial sustainability through diversified income streams
Invest in leadership training and volunteer development

Trustees’ Responsibilities Statement

The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and regulations. They confirm that they have complied with their duty to have due regard to the guidance published by the Charity Commission in exercising their powers and duties.

Approval

This report was approved by the board of trustees on 30 September 2025 and signed on their behalf by:

Adekunle T Stephens (Chair of Trustees)

	POWER OF PRAYERS MINISTRIES 1	POWER OF PRAYERS MINISTRIES 1	POWER OF PRAYERS MINISTRIES 1	POWER OF PRAYERS MINISTRIES 1	CC16a
	For the period from	10/1/2023	To

Section A Receipts and payments
A1 Receipts Donations 14,827 - - - - - - - 14,827 - - Sub total- Total receipts 14,827 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table).		to the nearest £ Restricted funds	to the nearest £ Endowment funds	Total funds to the nearest £	Last year to the nearest £
		- - - - - - - - -	-	14,827 - - - - - - - 14,827	-
			-		-
			-		-
			-		-
			-		-
			-		-
			-		-
			-		-
			-		-

		- - -	-	- - -
			-		-
			-		-

		-	-	14,827	-

A3 Payments

	A3 Payments
	Bank Charges	30	-		-			30	-
	Rent	2,440	-		-		2,440		-
	Accountancy	500	-		-		500		-
	Purchases	30	-		-			30	-
			-		-		-		-
			-		-		-		-
			-		-		-		-
		-	-		-		-		-
		-	-		-		-		-
	Sub total	3,000	-		-		3,000		-

	A4 Asset and investment
	purchases, (see table)
		-		-		-	-
		-		-		-	-
	Sub total	-		-		-	-			-

	Total payments	3,000		-		-	3,000			-

Net of receipts/(payments)		11,827	-		-		11,827		-
	A5 Transfers between funds	-	-		-		-		-
	A6 Cash funds last year end	-	-		-		-		-
	Cash funds this year end	11,827	-		-		11,827		-

Section B Statement of assets and liabilities at the end of the period

Details Cash at bank Details Details Details Details Accruals and Deferred Income Signature A Stephens Total cash funds (agree balances with receipts and payments account(s))	to nearest £ Unrestricted funds	to nearest £ - - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Name Stephens Restricted funds Restricted funds Amount due (optional)	to nearest £ Endowment funds
	29,169	-	-
	-	-	-
	-	-	-
	29,169	-	-
	to nearest £ Agreement Error Unrestricted funds		OK
			to nearest £ Endowment funds
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	-	-	-
	Fund to which asset belongs		Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
	Fund to which asset belongs		Current value (optional)
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-
	Fund to which liability ~~l~~		When due (optional)
	650 ~~reates~~	-
		-
		-
		-
		-
	Print
			Date of approval
A Stephens	Adekunle	Stephens	9/30/2025