REGISTERED CHARITY NUMBER: 1209462
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Banner Of Praise Ministry Intl
Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
Banner Of Praise Ministry Intl Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 |
Banner Of Praise Ministry Intl
Reference and Administrative Details for the Year Ended 31 March 2025
TRUSTEES Gladys Osagie Josephine Hammed Frank Osagie Theresa Quartson PRINCIPAL ADDRESS Sylton Rectory Road REGISTERED CHARITY NUMBER 1209462 INDEPENDENT EXAMINER Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
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Banner Of Praise Ministry Intl
Report of the Trustees for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The charity runs a number of community-based vehicles of transformation that focus on assisting the disadvantaged & less well off in our local communities.
The charity also makes regular donations to a number of external organisations that are better placed to further advance various causes. We run youth, marriage, children's, men's & women’s-based events, Career empowerment session, business and leadership seminars for the community, and weekly foodbanks for the less privilege
- ➢ The advancement of Christian Faith in the United Kingdom and abroad ➢ The relief of persons who are in conditions of need or distress or who are sick or aged in the United Kingdom. ➢ The relief of Poverty.
Significant activities
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➢ Christ for the Neighbourhood and Christmas Initiative, a community outreach event within our local environment.
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➢ Annual Dinner Night, Marriage Enrichment Weekend, Women's Breakfast Meeting & Men's Breakfast Meetings, Parenting Seminar.
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➢ Annual Family Fun Day & BBQ.
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Banner Of Praise Ministry Intl
Report of the Trustees for the Year Ended 31 March 2025
ACHIEVEMENT AND PERFORMANCE Charitable activities
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➢ .Annual Film Show for the Community Outreach events
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➢ Healthcare community outreach, an annual event aimed at providing free basic health checks & information to people in the community by trained practicing medical personnel
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➢ Christ for the Neighbourhood and Christmas Initiative, a community outreach event within our local environment.
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➢ Annual Dinner Night, Marriage Enrichment Weekend, Women's Breakfast Meeting & Men's Breakfast Meetings, Parenting Seminar.
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➢ Annual Family Fun Day & BBQ.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on 9[th] of December 2025and signed on its behalf by:
Frank Osagie
........................................................................
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Independent Examiner's Report to the Trustees of Banner Of Praise Ministry Intl
Independent examiner's report to the trustees of Banner of Praise Ministries Intl
I report to the charity trustees on my examination of the accounts of Banner of Praise Ministries Intl (the Trust) for the year ended 31 March 2025
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 Act and in carrying out my examination I have followed all 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:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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.
Mrs Liljana Peterson AAT Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP
Date: 10[th] December 2025
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Banner Of Praise Ministry Intl
| INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Charitable activities Charity Activities Support Cost Finance Cost Total NET INCOME RECONCILIATION OF FUNDS TOTAL FUNDS CARRIED FORWARD |
Statement of Financial Activities for the Year Ended 31 March 2025 Notes |
31.03.25 Unrestricted fund £ 4,487 2,980 1,282 4,262 225 18,225 |
18,000 |
|---|---|---|---|
The notes form part of these financial statements
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| Banner Of Praise Ministry Intl | |||
|---|---|---|---|
| Statement of Financial Position | |||
| 31 March 2025 | |||
| 31.03..25 | 31.03.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 4 | 458 | 0 |
| Investments | 5 | ||
| CURRENT ASSETS | |||
| Debtors | 6 | ||
| Cash in hand | 18,867 | 18,000 | |
| CREDITORS | |||
| Amounts falling due within one year | 7 |
1,100 | 0 |
| NET CURRENT ASSETS | 18,255 | 18,000 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | ||
| NET ASSETS | 18.225 | 18,000 | |
| FUNDS | 8 | ||
| Unrestricted funds | |||
| TOTAL FUNDS | 18,225 | 18,000 |
The financial statements were approved by the Board of Trustees and authorised for issue and were signed on 9[th] December 2025 its behalf by:
Frank Osagie
The notes form part of these financial statements
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Banner Of Praise Ministry Intl
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 .
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continued...
| Banner Of Praise Ministry Intl | ||||
|---|---|---|---|---|
| Notes to the Financial Statements-continued | ||||
| for the Year Ended 31 March 2025 | ||||
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| NET INCOME | 225 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 18,000 | |||
| TOTAL FUNDS CARRIED FORWARD | 18,225 | |||
| 5. | FIXED ASSET INVESTMENTS | |||
| Equipment | ||||
| £ | ||||
| MARKET VALUE | ||||
| 31 March 2025 | 458 | |||
| NET BOOK VALUE | ||||
| At 31 March 2025 | 458 | |||
| There were no investment assets | outside the UK. |
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continued...
Banner Of Praise Ministry Intl
| Notes to the Financial Statements-continued | ||||
|---|---|---|---|---|
| for the Year Ended 31 March 2025 | ||||
| 7. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
| 31.03.25 | 31.03.24 | |||
| £ | £ | |||
| Accrued expenses | ||||
| 1,100 | ||||
| 1,100 |
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continued...
Banner Of Praise Ministry Intl
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,478 | (4,262) | 225 |
| TOTAL FUNDS | 4,478 | (4,262) | 225 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025
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INCOME AND ENDOWMENTS Donations and legacies Tithes & offering Total incoming resources EXPENDITURE Charitable activities Rent And Rates Donation Hospitality Welfare Support costs Management Church expenses Professional fees Transport Finance Fixtures and fittings Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
Banner Of Praise Ministry Intl Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.03.2025 £ 4,487 2,470 250 160 100 2,980 57 800 125 300 1,280 1,282 |
- 0 |
||
|---|---|---|---|---|
This page does not form part of the statutory financial statements
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