## 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<br>1|POWER OF PRAYERS MINISTRIES<br>1|POWER OF PRAYERS MINISTRIES<br>1|POWER OF PRAYERS MINISTRIES<br>1|CC16a|
|---|---|---|---|---|---|
||For the period<br>from|10/1/2023<br>|To|||
|||||||
|Section A Receipts and payments||||||
|A1 Receipts<br>Donations<br>14,827<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>14,827<br>-<br>-<br>Sub total-<br>Total receipts 14,827<br>Unrestricted<br>funds<br>to the nearest<br>£<br>Sub total(Gross income for<br>AR)<br>A2 Asset and investment<br>sales, (see table).||to the nearest £<br>Restricted<br>funds|to the nearest £<br>Endowment<br>funds|Total funds<br>to the nearest £|Last year<br>to the nearest<br>£|
|||-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|-|14,827<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>14,827|-|
||||-||-|
||||-||-|
||||-||-|
||||-||-|
||||-||-|
||||-||-|
||||-||-|
||||-||-|
|||||||
|||-<br>-<br>-|-|-<br>-<br>-||
||||-||-|
||||-||-|
|||||||
|||-|-|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 

|Categories<br>B1 Cash funds<br>B2 Other monetary assets<br>B3 Investment assets<br>B5 Liabilities<br>B4 Assets retained for the<br>charity’s own use<br>Signed by one or two trustees<br>on behalf of all the trustees|Details<br>Cash at bank<br>Details<br>Details<br>Details<br>Details<br>Accruals and Deferred Income<br>Signature<br>A Stephens<br>Total cash funds<br>(agree balances with receipts and<br>payments account(s))<br>|to nearest £<br>Unrestricted<br>funds|to nearest £<br>-<br>-<br>-<br>-<br>OK<br>to nearest £<br>-<br>-<br>-<br>-<br>-<br>-<br>Cost (optional)<br>-<br>-<br>-<br>-<br>-<br>Cost (optional)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>Name<br>Stephens<br>Restricted<br>funds<br>Restricted<br>funds<br>Amount due<br>(optional)|to nearest £<br>Endowment<br>funds|
|---|---|---|---|---|
|||29,169|-|-|
|||-|-|-|
|||-|-|-|
|||29,169|-|-|
|||to nearest £<br>Agreement<br>Error<br>Unrestricted<br>funds||OK|
|||||to nearest £<br>Endowment<br>funds|
|||-|-|-|
|||-|-|-|
|||-|-|-|
|||-|-|-|
|||-|-|-|
|||-|-|-|
|||Fund to which<br>asset belongs||Current value<br>(optional)|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
|||Fund to which<br>asset belongs||Current value<br>(optional)|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
||||-|-|
|||Fund to which<br>liability<br>~~l~~||When due<br>(optional)|
|||650<br>~~reates~~|-||
||||-||
||||-||
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|||Print|||
|||||Date of<br>approval|
||A Stephens|Adekunle|Stephens|9/30/2025|
||||||