Registered numbgr.. 01751385
Charity number: 287868
CHURCH OF GOD OF PROPHECY TRUST
(A company limited by guarantse)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

CHURCH OF GOD OF PROPHECY TRUST
IA company Ilmlted by guarantee)
CONTENTS
Page
Reference and administratlve detalls of the Company, its Trustees and advisers
Trustees. report
Independent auditors. report on the flnanclal statements
Statement of financial activitles
3-21
22-25
26
Balance sheet
27
Statement of ¢ash flows
28
Notes to the financial ststements
29-52

CHURCH OF GOD OF PROPHECY TRUST
IA company Ilmited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustoes
Rev T Powell, National Presiding Bishop
Rev A Reid
Rev J Atherlgy
Rev L Rowe
Rev B Morris, Honorary Treasurer
Rev R Veira
Rev J Fletcher
Rev E Williams
Mrs A Taylor
Rev P Rochester
Rev P Mccalla
Rev D B8iley
Rev M Douglas
Mrs G Boyd
Mr L Davidson
Mr K Schafer
Mr J Anglin
Rev P Barclay
Rev R Barrett
Mr D C Bussue
Mr L Ellington
Rev L Graham
Mrs R MeKoy
Mrs L Oliver
Rev G Revers
Mrs L Sam
Mr B Reid
Mr L Thompson
Mrs S Golding
Company registered
number
01751385
Charity registered
number
287868
Registered offic
6 Beacon Court
Bimingham Road
Great Barr
Bimiingham
Wesl Midlands
B43 6NN
Page 1

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guaranteel
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Executive Team
Rev T Powell, National Presiding Bishop
Rev M Wilson, Corporate Administrator
Mrs A Taylor, Trustee
Rev B Morri5, Honorary Treasurer
Ms A Mason. offi￿ Manager
Rev J Fletcher, Trustee
Mr D Orgill. SnleTim Corporate Accountant
Rev A Reid, Trustee
Rev P Mccalla. Regional Ove¥5eer
Rev R Veira. Regional Overseer
Rev E Williams, Regional Overseer
Rev J Alherley. Regional Overseer
Rev L Rowe, Regional Overseer
Rev D Bailey, Regional Overseer
Rev P Rochester. Regional Overseer
Rev K Schafer, Regional Overseer
Rev L Giaham, Pastor. Trustee
Rev N Fletcher, PasloT. c￿0p1￿e
Rev M Douglas, TTLislee
Mr C Boyd. Pastor, Observer
Company secretary
Mrs A Taylor
Independent auditOTS
PKF Smith Cooper Audit Limited
Slalutory Auditors
Cornerfolo¢k
2 Comwall Street
Birmingham
B3 2DX
Bankers
National Westminster Bank
2 St. Phillips Pla
Birmingham
West Mkdlands
B3 2RB
Barclays Bank plc
PO Box 16294
1-2 Trinity
Chingford
E4 8US
Solicitors
Harris & Harris
14 Market Place
Wells
Somersel
BA5 2RE
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CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audrted financial statements of the Church of God of
Prophecy Trust for the year 1 April 2023 10 31 March 2024. The Annual report serves the purposes of both
Trustees. report and a directors, report under company law. The Trustees confiim that the Annual report and
financial stalernenls of the charitable company comply with the current slalutory requirements. the requirements
of the charitable company's governing document and the provisions of the Slalemenl of Recommended Practice
(SORPI applicable lo charities preparing their accounts in accordan￿ wrth the Financial Reporting Standard
applicable in th8 UK and Republic of Ireland IFRS102} (effective 1 January 20191.
Infomation is provided in pages 1 & 2 regarding refgrence and administrative Iletails of the Church of God of
Prophecy Trust. This Trustees, Report includes information required by the Companies Act in a Directors Report
and a Strategic Report.
The Church als0 operates under the name COGOP Trust U.K.
STRATEGIC REPORT
. CONSTITUTION
The Company is registered as a charitable company lim((&d by guarantee. (No. 017513851. The Church is
constfÉuted under a Memorandum of Association dated 8th September 1983 and 1$ a registered charity number
287868.
The Church was incorporated on 8th September 1983 and commenced trading on that date.
The principal object of the Church of God of Prophecy is lo provide public benefit-.
Advancing religion in aecordance with the beliefs and practices of the Church of God of Prophecy
{hereinafter called'the Church'l.
Promoting and assisting the charitable work and purposes of the Church in the UK and worldwide.
Generate, organise and provide funds in aid of the charitable work of the Church.
The Church seeks lo increase awareness of God's love and presence through 51rategic sharing of the Christian
Faith with all humanity. This, we believe, wll inevitably lead lo an expression of his compassion and justice for
the oppressed. The Church also seeks lo help members learn to grow into their potential and discover their
purpose of serving others and becoming good rbeighbours. This orientation ensures that Trustees make
decisions and provide programmes that further the main objectives.
PUBLIC BENEFIT STATEMENT
The Board of Trustees confirms that they have met their duties in strict compliance wkh the provisions of section
4 and 17 of the Charities Act 2011, and have given due regards to the Charity Commission's genefal guidance
on public beneff(, in designing, implementing and coordinating the a¢twities of the charity. Particular
consideration has been given lo the Charity Commission's supplementary public guidance provisions on the
advancement of ieligion forthe public benefit.
The Ministers and the general membership of the Church has over the years donated thousands of hours of
services for the benefit of the public at large.
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TRUSTEES. REPORT ICONTINUEDI
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STRATEGIC REPORT (contlnuedl
b. ORGANISATIONAL STRUCTURE AND DECISION MAKING
Internatlonal Nfrts•￿rk
The Church of God of Prophecy Trust in the UK is a part of the Church of God of Prophecy Intemalional. a
worldwide organis8tion that operates in over one hundred and thirty fiv8 countries, wrth intemalional offI￿S
located in Keith Street, Cleveland. Tennessee, United Slates of America. The Intemational Presbyters selected a
Presiding Bishop in July 2022, who along with seven Gener81 Presbyters, provides shared-leadership for the
international church body.
The Church in the United Kingdom is also a part of a Europe-wide adminislralive grouping. which is now
designated Wider-EuTope and the Middle East which is guided by a General Presbyter assisted by a 'Council of
Elders,. The General Presbyter, in addition to the Presiding Bishop, are eX-Off￿10 members of the Board of
Trustees.
The Board of Directors ITrustees1 exercises legal oversight of the Church as it fulfils ils governance roles of
strategic direction and decision-making. The Board comprises, in part, slipendiary representatives, by privilege of
the Charity Commission. They are the National Bishop, the Regional Bishops {Overseersl and the Corporate
Treasurer. This is based on the argument that their involvement al this level is vital to the essential functioning of
the Church. There are also non-slipendiary representatives who are Regional Trustees and Co-optees who bring
specrfic skills, expertise, and experience. The proviso is that the non-slipendiary members musl be in the
majority especially Telaling lo matters that may raise COTffli¢ts of interest e.g. Terms and condi(ions. The
Board gives an aecounl Df the affairs of the Church annually al the AGM where all Church members are invited
to attend and where members of the Trust may vole on major decisions.
The Board has appointed an Executive Team which has operational responsibilities with delegated authority. The
Executive Team includes the National Bishop, Corporate Treasurer, Corporate Adminislralor. Corporate
Accounlanl, Region81 Bishops or supervisors, Office Manager and other Officers. The Executive Team meets on
a fortnightly basis to provide operational management lo ensure compliance in respect to slalulory requirements
and all aspects of ils mission and ministry. The Team's work is reported regularly lo the Board of Trustees.
The Church neiwork is sub4ivided into seven adminislratNe areas Called 'Regions' led by a Regional Bishop or
Supervisor (formally Overseer) who setves all the churches in that region. Nationally, there are 68 churche5 and
'misslons' la mission is a church in development). There has been a majoT improvement in goveTnance,
coordination. and colledive decision-making of these ehurches in reeenl years through the formation and
development of'Regional Forum5'. The Regional Bishop or Supervisor Ioverseerl moderates this inlermediale.
mediating body, in all regions. Ils purpose is lo ensure that the region delivers on all aspects of the corporate
strategy with reference lo the region., il is to give a voice and participation lo every local church. 11 comprises
pastors, regional trustees, local trustees, regional advisory board member$, regional workers, and specialist
advisers.
The final key component in the Church's organisational structure is the local church. Every member in the 'grass
roots, of the Church is given a voice in the local Business ConfeTence, held typically quarterly. The local church
pastor or designated licensed minister typically presides over the conference.
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CHURCH OF GOD OF PROPHECY TRUST
IA company Slmited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT Icontinuedl
c. O&JECTIVES AND ACTIVITIES
Charty Commission Guidance
Under the Charities (Accounts and Reports) Regulations 2008. trustees, reports are requiTed to include a
statement by the charity trustees as to whether they have complied with the duly in sedion 4 of the 2011
Charitie5 Art to have due regard lo guidance publlshed by the Commission.
In setting obje¢lives and planning for activi(ie5, the Trustees have given due consideration lo general guidance
published by the Charities Cornmission reLating lo public benefjt.
Church Values
The Church adheres to our International Core Values and advocates a set of global Christian values, inspired by
Luke 10.. 2. These are. Praye￿ lensuring that we communicate with God in all aspeet5 of our worship, direction
and operations), 'Harvest' lour focus is geared lo bringin9 humanity into reconciled relationship wi(h Godl.
"Leadership development, (from childhood onwards, we will develop leaders capable of delivering on our
mission and vision.) 'Stewardship' li.e. we are not owners, but in everything, we recognise that God has
entrusted us with tangible and intangible reSour￿S that require excellent mobilizalion, management and
deployment.) 'Service' {i.e. we embrace transformational servan14eadership principles which seeks lo bring
relief lo the poor and marginalised, social healing and justice through our service provision}.
The Church has established key strategic aims and objectives for the period 2020
2030.
The key strategic aims of tho 2020-2030 vision are.. Worship. Evangelism (Inclusive of revitalisalion and Church
Planting), Discipleship {in¢lusive of leadership developmentl, Social Action and Stewardship.
Strategle Focus
Worship.. We will continue lo raise the proffle and necessity of prayer and through building a national prayer
movement, which is reflected in every local church. and Championed by our leadership. Flowing from this, our
objectives is lo continue development and greater participation in our national, international, and Wider-Europe
prayer strategy. Continued operation of a corporate prayer cycle and develop regional intercessory prayer teams.
In addition, we will continue lo engage in national. regional and local ecumenical prayer inilhgtives.
Evangelism I Church Health.. We are proactively becoming a church that boklly and prophetically proclaims
and demonstrates the gospel of Jesus Christ in all phases of our journey of faith. This will necessilale our
intentional focus lo become a church revilalisalion movement through prayerful analysis, discernment and
sensitive reposltioning of churches. where required. In addition. we will pursue wise church planting inf(ialivgs,
through loving analysis. strong partnerships wth heaKhy missional parent and resource churches. We will
therefore seek lo embrace people of all elhnicilies, cU￿ure. and sub-culture. We will also Teprioritize our
corporate agenda to maximise pra¢ti¢al lifestyle evangelism. In addition, we will also build bridges and
collaborate wth other churches and para<hurch organisalions. We will also plant new churches in every
geographic region and become mre missional through stronger Cell Church Ministry. In addrtion, we will seek lo
engage greater numbers of our ministers in schools, prisons chaplaincy work and in hospitals. We will also
continue lo engage in Home and Intemalional missions, through our Missions School.
Discipleship.. Through our Edrficalion infra-$lruclure ITSMI and cornplimenlary local and regional programmes
we will be a church that disciples its members in a way which stimulates holistic growth, which means they will in-
turn disciple others also. Through this infra-structure we foresee our leadership capacity increasing to meet the
commensurate demand through our evangelisalion inilialThies. We will pursue ongoing improvement of our
Strategic Leadership development Policy. In an atternpl lo sharpen the focu8 of our leadership capacity and
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IA company limited by guaTanteel
TRUSTEES, REPORT ICONTINUEDI
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enhance the range of gffts we will idenlfy. train and develop senior leaders lo oversee all aspects of the Church's
mission and operations as part of our succession planning. Our Ministerial Review and Discipleship Board has
been delegated with the responsibility of promoting and facilitating the new Ministerial Development Programme
IMDPI and other leadership training offered by our inleTnational Spir'rt and Life Seminary.
Soeial Action (Compassionate Serni¢eJ". In alignment with our Wesleyan-Holiness Penlecoslal roots. we
believe that our walk of faith in God will demonstrate God's love in holistic ways lo all within our communities.
Integral lo our strategic aim lo reach across and within our communities, each of our local churches and regions
will participate in s¢xial action programmes. either localty. nationally, or internationally. These efforts will be
coordinated by our Social Action director to ensure appropriate accountabilty and communication lo our church.
We will partner through RAFFA our intemalional development agency with other churches and or parachurch
organisalions lo pursue social justice for the oppressed and marginalised of our communities. We will also seek
to build community enterprises where life-chan¢es Can be improved and build social capf(al and well-being by
identifying and giving lo good causes. We will also demonstrate our concern for people with disability by ensuring
that all our worship gatherings have suitable disability access and heafing loops where possible.
Stewardship.. We will be a Church that maximises ils resources and potential (people, (inclusive of gifts, lal8nls
and intellectual asselsl PTopety, money, elc.) In order lo pursue this strategy, we will ensure that all our physical
assets are pul 19 greater use across our church ne￿orK. This will mean that value-driven projects will be
encouraged. We will also promote, maintain. moniloT and review proactive and effective risk management
Systems across our ne￿Ork of churche5.
Given the United Kingdom'8 faf(hful loumey of participation in our international mission and ministry, for 71 years
and Church of God of Prophecy's rich intemational heritage of missional work across OUT globe, we will aim to
fully parti¢ipale in our intemalional church financial stewardship and accountability pOl￿￿eS.
We will encourage our local churches lo generate benevolent funds to support members who may be in need,
and within the reach of their local church. In addition lo this, we will promote accountable national and
inlemalional mission gwing through local churehes that are partnering with other churches abroad or within the
United Kingdom.
We will encourage our local churche5 to generate benevolent funds lo support member5 who may be in need,
and w(fhin the reach of their local church. In addition to this we will promote accountable national an
international mission gThiing through local churches that are partnering with other churches abroad or within the
United Kingdom.
Integral to our stewardship is the task of performing regular reviews on all our premises and equipment through
safeguarding and Risk assessment exercises and will put in place effectiv* risk Control measures. Our regional
forums will monitor that regular workplacelpremises inspections are perfomied where our churches have
buildings.
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STRATEGIC REPORT Icontinuedl
d. STRATEGIES FOR ACHIEVING OBJECTIVES
During the year. the Church focussed on the area of Stewardship, in addition to the other gbje¢tives. The Church
has been able to maintain ils charitable activities for public benefit outlined above. Key performance measures
are as follows..
straleglc FOGI
Koy M9tri¢$
Ensu￿ strategic cash management
Cash flow. maintain a constructive relationship be￿een local churches and Corporate Administrative
Office ICAO) (demonstrated by l¢xal church lumover, monlhty remittances. Gift claims and remittance5 10
CAOI
Developed Human Resources manogemenl IHRI
Improve internal and external communication
Further developmenvconsolidation of Regional Forums
Development of the website linlernal and external participationl
Communicate progress, gratitude and need for cofilinued support
IWERNAL FUND GENEIIATION
Mainlenanceldevelopment of lilhing and offering and Grft Aid
Consideration of ineome generation projects associated with underulilisation of current propertie5. IEden
Solulionsl
Critically appraise and enhan￿ Events Management
Re-focus of events on the basis of a corporate annual event plan..
Exercise effective CORPOPATE DISCIPLINE
Ensure legal entf(ies associated with the Church have proper approvals and accountabilities in place
Research an(J maximise EXTERNAL FUNDING
e. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARifY's PURPOSES FOR PUBLIC BENEFIT
Volunteers
Our Church is grateful for the generous efforts and ongoing goodwill and grace of all ils members who volunteer,
and who are involved in our core Service provision, charity activities and conferenGing. Across our 68 churches
and missions, r( is eslimaled that over 25.000 volunteer hours were provided during the year. If this is
conservatively valued al £12 an hour the financial value of volunteer effort amounts to over £300.000. We
strongly encourage all our churches to appreciate thg voluntsry ¢ontributions from our members which
have provided tho foundation and sup8rstru¢ture upon whlch our church in the Unitsd Klngdom has
been built.
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CHURCH OF GOD OF PROPHECYTRUST
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TRUSTEES, REPORT ICONTINUEDI
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STRATEGIC REPORT Icontinuedl
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
Through the various reports of the Church accountability and reporting measures (local, regional and corporate)
we are able lo report factual￿ and anecdotally as follows..
Corporate Ministry Department.. Women and Famity Ministry
Led by. Rev. Joyce Fletcher & Regional Women Ministry Directors
The overall mission and vision of the ministry
MISSION
To provide a partngrship approach, encouraging ministry strands lo integrate and work collaboraively,
embracing the ethos of the family and addressing 'real lrfe, issues facing the family today.
To ensure every woman has the opportunity lo develop their leadership potential and operate in their full giftings.
VISION
Bul they that wai( upon the Lord shall renew their Strength, they shall mount upon wings like eagle5, they shall
run and not be weary and they shall walk and not fainl. (Based on Isaiah 40 .'31).
REACH IN | REACH OUT | SUCCESSION PLANNING
Devel(wments/Prog￿s￿Acc0MplIshme￿ts
Celebrating Women 70 year& of COGOP UK
We took the opportunity in engaging with churches across the UK lo nominate women who we could show
honour for their contribution over the last 70 years.
We were abte lo capture the impact of women pioneers who have helped to advance the Church in the UK.
Over 100 women were honoured in the development of a Corporate Celebratory brochure sharing an overview of
each of their personal contribution lo advancing the church. It is anlicipaled that a future volume will follow as
there are so many more pioneers that we hold in high esteem
National Ladies Rel￿al 2024 Thell￿ Connected forPuryA)se
The UK Ladies Retreat 2024 was a resounding success, gathering women from across Europe and beyond,
Tepresenting nations such as Fron¢e, Holland, Belgium, the Caribbean Islands, the USA. and more. This retreat
was not just a denominational event,. il was an ecumenical gathering that saw participation from a wide variety ot
Christian traditions and charit￿$, including Assemblies of God, New Teslamenl Church, Elim Pentecostal,
Redeemed Christian Church of God IRCCG}, Ruach Ministries and Compassion UK. The scope of participation
underlines the inclusivity and bioad appeal of the Church of God of Prophecy's ICQGOPI national Connected
for Purpose" conlerence.
Missional Opportunities for Church Grovrth and Outreach
The retreat was an incredible missional opportunity, with over 40Yo of attendees being firsl-limers. and artyjnd
20¥0 coming from outsid$ the Church of God of Prophecy UK. Th18 reveals the retreat's power lo attract
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STRATEGIC REPORT {continuedl
newcomers, offering a unique environment where individuals who might not attend traditional church ServI￿S
can ¢onnecl in a non-inlimidating, holistic atmosphere focused on spiritual. emotional. and social welkbeing.
confe￿nCeS like these meet women where they are. providing support, empowerment, and community.
We See similar success in other women-focused gatherings, such as Hillsong's Colour Conference, RLtach's
women's conferences, RCCG'S events, and even broader gatherings like Big Church Day Out and Greenbelt.
The COGOP women's conference stands at a comparable spiritual and professional standard. uniquely
positioning itself to be a mainstream Christian event that draws in new believers. Through holistic and spiritual
well-being programming, the conferen¢e ¢reates a missional pathway that can nurture faith while fostering a
strong sense of belgnging.
Outcomes
Relaunched the Connect Programme
A programme enabling women lo connect wf(h other women within their communities, building missional
opportunities through connecting and sharing the love of Christ in practical ways. Women will set up connect
support groups which may relate to issues they are facing, such as parenting. caring for elders, facing loss and
bereavement. The programmo is bging led by a new Connect Director and guidelines for implementation is
underway.
Connect Groups have been established as a direct resutt of the conned groups at retreat- such as 'SinglenesS'
and work has been established inn various regions. Speakers from retre81 have ministered abroad and have
supported ministries in other countries.
Emerging Young Women Leaders
Working wlh other Ecumenical leaders lo see how we can work together lo identify and support emerging
leaders. mentoring and providing development opportunities. This also supports our succession planning
Women Connect Lwe Series
Over the last 12 months we have invested In new technical equipment and engaged a new Technical Director for
the Women Connect online Series
Over 2023- 24 We have continued lo promote the monthly digital online Conned Live Series addressing a range
of issues impacting families and women.
Online views have been approximaleSy 16.9k with the mst popular being the IopKs.
Singhness parts 1&2 {repealed by popular demand)
Menopause
Cost of Living Cri$i$- Christians against Povety
Compassion UK
Beyond Labels.. Neurodiversity
We have connected with a national organis81ion that works with Chur¢hes lo explore how churches can become
more being 'Single Friendly,. We are in the process of establishing the relatlonship for how we ￿Uld lake the
inf(ialive forwards
We have had a range of guest panellists lo reflect women in leadership across the country and globe which have
been received warmly. We have also taken the opportunity to celebrate and recognise our seniors who have
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served faithfully over the years. Over the next 12 month5 we will be taking intentional steps to broaden the
Connect Live lo other countries 'Conneded for Purpose. as we pursue our mandate for missional growth and
collaboration with olheT countries and syslerns.
We are exploring a in person road show concept which has been dis¢us$8d with some Tegions in leTms of
drfferenl ways lo accommodate this.
Heakh & Wellbeing
Bereavemgnl Support
Since the start of the Coronavirus pandemic. approximalety 1 in 8 people in the UK have experienced
bereavement, with some communities seeing even higher rates. In England and Wales. 614,000 people died
during 2020 and 2021, leaving an eslimaled 3 million people dealing with loss, according to the Bereavement
Commission. This represents 75.000 more deaths than the average over the previous five years. and mortality
rates appear to have continued lo rise.
In response, a partnership with the national organyzalion 'AI a Loss, has been established to run bereavement
support groups IhTough 'The Bereavement Journey, programmes. These programmes are CUTrently being piloted
al a local church, and a group has been fomied lo share insights as other churches consider adopting the
approach.
Christian Nurses Networf(
Over the past year, the CNN (Community Nursing Network) has continued lo expand and strengthen its
presence within COGOP UK. 11 has structured clinics using a risk-a5se55ed rots system and worked in
partnership with RAFFA and the NHS on a data collection project aimed at idenlifw'ng individuals at risk of
hypertension and strokes. referring them to GPS where necessary.
Fomial dinics were held during COGOP UK'S 70th convocation and other corporate events throughout the year.
Additionally, our Chair serves on the Board of Trustees for Parish Nursing Ministries UK IPNMVKI, exploring
potential synergies, ¢ollaboialion, and opportunities for shared learning.
Prayer Mlnlsty
National Women Ministry Prayer Team continue to meet every month for prayer. This is led in rol81ion by each
Regional WM Director. We Work in collaboration with the National prayer Ministry tearns across the strategic
prayer streams This year our focus has been across a range of areas that have been highlighted through the
retreat, connect sessions and by our regional leaders, for example..
Church leaders and families
Slrenglhening existing marriages
New marriages.
World Peace
Young People and Youth Crime
Mental Health
Sexuality challenges
Women Ministy Leade￿￿1p away Day
Regional Directors have been instrumental in theii regions providing leadership to Women and families and have
successfully influenced and impacted through numerous evangelism and social action outreach programmes
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impacting women and families. evangelism, connect groups within the communities.
We have worked Collaboratively with our Youth Ministries lo offer any 8UPPOrt and development.
Plans for 2025 lincluding any $pe¢ial a¢knowledgments)
Slrength@n the Family Ministry vision and strategic plan.
Work with partners to consider a European Ladie5 Retreat.
Quarterly Women's Connect Live
in person sessions around the country and strengthen partnerships wfth
other denominational l organisational Women leaders international links.
CNN- Hearth & Wellbeing strategi¢ plan 2025.
Consider Family Ministry Retreat 202612027.
Acknowledgements
I wish lo acknowledge my Regional Women Ministry Directors, National Women Ministry Prayer team lead and
wider Team member5. 1 particularly wsh lo acknowledge Sister Maureen Morris and Rev Gloria McGowan for
th￿r support and leadership and for stepping in al limes that I was unable to.
I wish lo also acknowledge my personal assistant Sister Denise Bailey who has now stepped down due to health
concerns.. Pastor Donna Gordon Rowe who has served faithfully., has stepped down due lo capacity issues.
Members of the planning team have been instrumental in supporting and organising all our events and we could
not fulfil our objectives without all the team working together.
Corporate Mlnlstry Department: Youth Ministry
Led by: Mlnlster's Dwane and Rachel McKoy
Youth Ministry Mission & Vision
Our mission is lo foster spirrtual growth in young people, encouraging them to live Christ-like INes and develop
deep relationships with God. The vision is to build a vibrant, faf(h4riven youth community that impacts church
and society.
Developments & A¢complishmenls
This year saw g￿ater collaboration wth the national safeguarding team, particularly in preparing a
comprehensive parent pack for CAMP 2K24. PreHcamp parent meetings were held lo ensure safely and
transparency. Regional convocations featured dynamic workshops, with youth leaders stepping up to engage in
ministry activities.
Collaboration
Women's ministry.. Host al the women's retreat and led a connect group session
Men's Ministry.. Working closely wlh ministry leader to activety prcimole and help assist with the upcoming rnen's
ministry retreat
Both mini51ry leaders were part of a panel discussion at CAMP 2K24.
Ministry Activity & Engagement
CAMP 2K24 was a key highlight. focusing on spiritual growth. workshops. and outdoor activities. Youth from
various regions partKipaled in worship. leadership Iiaining, and community outreach initialNes.
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WhalsApp channel for local youth leaders lo help with areas that don't have active regional youth directors..
currently has 57 members.
Key Mllestones
Successful hosting of the national youth camp, CAMP 2K24, allended by youth from across the UK.
There were opportunf(ies that arose from the camp..
Biblical understanding
we now have a bi-weekly bible study online via YouTube and Zoom
Lack of identity and self-worth Ifernalesl
one of the camp 5tsff has pul on a six-wegk Coaching session for females 11-18 and is about to
begin one for the older youth 1845
3. Youth Director has a master's in dig((al theology
4. Expanded on another volume of'whal's next?. booklets wf(h a Whafs Baptism verslon
a. Which goes through every aspect of baptism., and a common heresy booklet lo assist the youth
navigate what could be seen as grey areas.
Key Risks & Issues
The major risk is financial instabillty, with a Crisis looming regarding whether to proceed with CAMP 2025.
Wi(hout additional funding, unlike the regional structure that has funds available national isn't sel up like that.
still no website presence 13 years onl and only have access to social media pages which we have
created, without a web51te, we're missing out on reaching a huge number of individuals who could engage wlh
YM Regionals.
Plans for 2024
We aim to continue our focus on leadership development and youth outreach. However. the priority will b&
addressing our financial Challenges, wf(h a focus on fundraising and resource allocation to ensure the
continuation of pivotal programs like our annual camp.
Special thanks to the new national youth operations team, the national safeguarding team and local youth
leaders for their invaluable contributions this yearl
Corporate Ministry Department.. So¢lal Actlon
Led by: Rev. Maxine Douglas, Soclal Actlon Dlrector
Theme: Salt & Light
OUR IMPACT 2023-2024
Jesus declared that we are 'lhe light of the world" and 'lhe salt of the earth" in Matthew 5.'13-16. Being light and
Sa￿ is a need. The Church's mission and essential values include social action", we have chosen that this is not
oplional.
The sheer volume and variety of services provided by our churche5 is commendable. They provide warm hubs,
food banks. debt support, luncheon clubs, yOLrth clubs and empk)yability training.
We keep ourselves informed is local, regional and national current affairs. this enables us lo actively participate
in supporting communities al point of need and il also helps use to infomi government policies that affect the
moral and soci81 challenges in our nation.
Page 12

CHURCH OF GOD OF PROPHECY TRUST
A company limited by guarantee}
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT Icontinued}
We are bringing God's LIGHT Into every life we Come into contact with. Being the SALT of our society.
conserving, uniting communities, providing meaning where there is none, offering hope where there is none. and
giving voice to the VOI￿leSS are the commitments, substance, passion, and purpose of our team.
Over the past year, the conlributton of £49.8k that Church of God of Prophecy churches has made to society
through ils social action has increased once again as we respond to the protect the most vulner8ble in our
communities. Coupled with a growing amount that local churches are donating towards their s￿181 action
actiwlies raising to £11 K.
Social Action Churches Supported
Firswood church in Manchester is a thriving congregation wf(h an ambf(ion to develop their social action
adivilies.
Formularising the Trafford Beacon Centre, developing a strategic plan and supporting Centre Manager on
strategic plan and accounlabilily framework.
Wesl Midlands Faith in Action IWMFIAI is an umbrella partnership organisalion founded and facilitsled by the
National Social Aetion Director and chaired by the COGOP National Presiding Bishop.
King Solornon Intemalional Business School IKSIBSI is a Christian designated school in Birmingham. WMFIA
leads on a strategic engagement wrth the Department of Further Education IDFEI. exfting Mulli Agency Trust
IMATI and the nominated MAT for improvements. This involved several meetsngs lo voice the concerns, wishes
and feelings of the faith community and to working in partnership lo secure the Christian faith designation.
mantain the primary school and bolster the Order of Saint Leonards, the exiting faith authority.
WMFIA, facililale and represent in the Faith Strategic Partnership Group delivery fath related solutions in
partnership with The Wesl Midlands Combine Authority. Together with faith community meetings in partnership
wrth the local neighbouthood police teams.
The Faith Alliance partnership. facilitated through the Office of the Poli¢¢ Crime Commissioner. Toggth8r with
representation on the scrutiny panels and independent Advisory groups
Black Faith leaderfs forum, ￿ partnership with the West Midlands Police.
Survey Results - Top 4 Key Themes
In 2023-2024, there has been a strong renewed ￿cOgnItion of the vital contribution our churches make to our
society. Our presen¢e wrthin communities has enables us lo offer holistic and relational support lo people who
are struggling with different aspects of poverty. The c05t of living is still rising and families within and outside the
four walls of the churches are feeling the strain. Nevertheless. helping to maintain a decent standard of living is
heavily laid upon the hearts of our church members. We see an increasg in Food bank supplies being offered
and an increase in benevolent support lo help with rising utility Cost.
Clothing banks are on the increase with churches setting up their own clothing bank or workin9 in partnership
with other churches to provide clothes especially for children and young people as well as people seeking decent
clothing for interviews.
We have maintained a high standard of sUPPOrt, helping those that are shut-in and lonely. with phone calls and
visits and support with shopping, hospital and dental appointments.
Page13

CHURCH OF GOD OF PROPHECYTRUST
IA company limit8d by guarant991
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT Icontlnuedl
Preventing and reducing isolalbjn and loneliness
Ring and Chal, Doorstep visits. Supporting with shopping and appoinlmenls.
Partnerships
Local Government department, Sports England and other funders. Churches together in England, Church
Works, Department of Further Education, Publi¢ HeaRh.
Levera
Activit
Collaboration & Research
Church Su
ort
PaTa-Church Su
anisation Su
Total
Hours
24
32
26
480
562
Levera
£600
£800
£650
£12.000
£14 050
ort
ort
What's Next 2025-2026
Annual survey
Cascade bi-annual social &tion impact.
Church vists-joinl where possible with youth leaders
Leam. Encourage & Inspire
Corporate Ministry Department.. SAFEGUARDING
Led by. Rev. Marjorie Reid . Safeguarding Director
Theme: Safeguardlng Everyone
Human organisalions are complex systems working lo achieve certain goals. Because they are complex,
comprising a range of knowns and unknowns. predictable and unpredictable moving parts. things will inevilabty
go wrong al times or not achieve the desired goals and standards.
What make5 us unique is that. we are described in the New Teslamenl as a living organism. designed lo operate
very much like the human body with ils intricate interrelationship of many patts and functions.
Every member of this body. strong or weak, prominent. or obscure. is necessary precisely because of its unique,
G¢)d gThien role.
As a church organisation, we are just as vulnerable lo the same issues of the unchurchedlsaved person. This is
why we need lo constantly refiecl, challenge all areas of abuse.
As a non-profit voluntary organisation working wlh children and young people and our vulnerable adults, l am
aware of the problems and challenges that arise from living in lodals world.
We are here as a church to be a safe place where men. women, children, and young people. those who are hurt
and damaged, may find healing.
Page 14

CHURCH OF GOD OF PROPHECY TRUST
IA company Ilmlted by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
STRATEGIC REPORT l¢ontinuedl
Future Plans
Training has taken place in Manchester 7th September 2024.
Training will be a prime focus for all regions in UK over the next 12 months a5 there is a need, not just for the
leadership but the whole church.
Safeguarding day to tsko place thls autumn 2024.
Going forward
Developing caring strategies lo work with survivors of abuse.
Having clear protocols as we work closely with those who are exiting prisons and choose to att8nd our
churches
Offering Pastoral carelprofessional counselling lo survivors of abuse
Reviewing how we work together strategically and Iransparenlly.
Understanding trauma after an abusive experience
Understanding the Mentsl health impact of historical abuse
Ensure the whole church has accessed safeguarding training.
Work towards all churches having a designated safeguarding lead or acting ag an umbrella to a smaller
ongregalion.
Respond promptly lo every safeguarding concem or allegation
Evaluate and review to ensure best pradice.
To raise the profile of training.
Build on the positnies, learn from our mistakes. There is still so much lo leam, implement and move
forward.
FINANCIAL REVIEW
. Going concgrn
After making appropriate enquiries, the Trustees have a reasonable expectation that the Church has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue lo adopt
the going concern basis in preparing the financial slalemenls,
Page 15

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarant991
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
b. R9seryes pollcy
The unrestricted reseNes of the Church of God of PTophgw should be sufficient lo cover any anticipated
operational costs for 12 months in order lo ensure conlinuily of service should the Iiusl experience any financial
difficulties. This will be reviewed annualty and should be considered in conjunction wrth the risk register. Most of
the Church buildings that are owned by the Church are of an older type., therefore, the Charity carries a reserve
of funds for repairing and maintaining existing buildings.
The level of cash reserves at the balance sh8&1 date are £4.2m12023- £4.2ml. The Trustees of the Charity in
line with the Debt eradication programme seeks to designate unrestricted cash reserves lo the maintenance of
church properties and reduce tong term debt.
The Charity has restricted funds al the balance Sheet dale of £578k12023 - £578kl these reserves are for the
lunding of church related mission projects around the world and a prop¢rty donation on the basis of covenants in
the lease agreement.
Principal risks and uncertainties
The necessary steps are taken lo ensure that if for any reason the National Bishop becomes incapacitated. the
General Presbyter for Wider-Europe and Middle East would immediately assurne direct responsibility and would
effgd a selection proces5 to replace him in accord wrth Church of God of Prophecy Ministry Policy and aided by
the Executive Committee. In all regions of the organisation, there a￿ Regional Bishops or Supervisors. who are
supported by an adminislralive team. In every congregation theTe are pastors. with a support team.
The
Memorandum and Art￿leS of Association were amended to include local church trustees with delegated authority
frorTr the National trustees of the charity lo ensure that the basic governance is observed in every local church.
It is our policy that all activities wlhin this organisation are covered by public liability insuran￿. We have
adopted a Child Protection Policy, where all our pa51ors. ministers and leaders are made aware of its
implication. Local Church Trustees and Regional Trustees have been given the task lo ensure that heakh and
safety issues, property condrtion surveys and Fire Check procedures are adhered to at Regional and Local
Church levels. In conjunction wf(h the measures mentioned, there is Health and Safety Policy 8dvice, which is
piovided lo all congregatKJns by approved consultants.
The Iruslees have given consideration to the major risks to which the charity is exposed and satisfied
themselves that systems and procedu￿$ are established in order lo manage those risks.
There is also a Finance Committee in each local church for settin9 the local budget and to assist the fvxal church
with financial man8gemenl.
Page 16

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guaranteel
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 IdlARCH 2024
. Prln¢ipal funding
Incomg
Our organisalion is financed principally by the membership. The Trustees are therefore grateful for the
generosily of our membership and the public who have contributed towards achieving the objectives of this
charity. The major source of income comprises donations by our members which conslilules Tithes and
offerings.
Total donations during the financial years was £3.5m 12023 - £3.4ml. Donations provided approximately 77Q
12023- 79%) of total income.
Expenditure
Expenditure for the year lotalled, £4.6m {2023- £4.Oml. Approximately 74010 (2023- Yt%) of expenditure was for
direct cosls, with the balance attributed to support and governan¢g costs.
Slaff-relaled Costs amounted to £1.63m12023 - £1.50m}. Approximately 35%12023- 38%) of total expenditure
l.e. £4.6m12023- £4.Oml.
STRUCTURE. GOVERNANCE AND MANAGEMENT
a. Methods of appointment or election of Trustees
The management of the Church is the responsibilty of the Trustees who are elected and co-opted under the
terms of the Articles of Association.
b. Policies adopted for the inductlon and training of Trustees
Recruitment and appointment of new tru$tee$
The Directgrs of the Company are also charity trustees for the purpose of charity law and under the Company's
Articles of Association. A¢¢ording to the Memorandurn and Articles of Association. the members of the Council
of Management are elected lo serve for a period of three years, after which they mu51 be re-elected al the
next Annual General Meeting conducted during the Church of God of Prophecy Annual National
Convocation {or special General Meeting called for the purposel.
Induction and training of naw tru$teg$
New ITuslees undergo a training day to brief them on their legal obligations under Charity and company law, the
content of the Memorandum and Articles of Association, the committee and de¢ision-rn8king process, the
business plan and recent financial perfomance of the charity. The Iruslees are encouraged lo attend
appropriate extemal training events where these will facililale the undertaking of their role.
Page 17

CHURCH OF GOD OF PROPHECYTRUST
A company limited by guarantee)
TRUSTEES, REPORT ICONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT Icontinuedl
c. Related paty rolationships
Related parties
The unity of believers is one of the cardinal values of the Church of G¢)J of Prophecy. This aspiration and ideal
gives believers a strong desire lo achieve our aims. In this context we have actively SLlPPOrted other ¢hur¢hes
and movernenls in the United Kingdom such as the Evangelical Allian￿, Churches Together in Britain and
Ireland and Churthes Together in England.
Strategic Alliances and partnerships with other communily-basgd Ofganisalions are crucial to demonstrating the
practical aspects of our beliefs in tho community. We have partnerships with org8nisalions as Nehemiah Uniled
Churches Housing Association, RAFFA International Development Agency., Excell3￿lack Boy5 Can, and Street
Pastors.
Our Church continues to pursue and outline a strategic path for the organisation. All aspects of corporate
development and objedives are set out in the framework of our plan which underpins the vision of building
vibrant l(>cal churches relevant lo their local constituencies. In the Chief Executive's opinion, growth in
membership, planting new churches. maximizing our financial and physical resources and sustaining
organisalional effectivenes5 depends upon leadership of the highest qualty that will be able to map current
demographiG trends and choose appropriate leadership and management approaches which will impact
ministerial faculty and our congregations.
d. Risk management
The trustees have assessed the major risks to which the Company is exposed, in parbcular those related to the
operations and finances of the Company and are satIsf￿d that systems and procedures are in place to miligale
our exposure to the major risks.
The trustees are now having lo consider other aspects of risk related to safeguarding and reputation but are
taking the appropriate risk miligalion strategies by instructing our Insurers and Risk Management specialists D E
Ford lo help prepare the Church and our Solicitors.
e. Qualifying Indemnity Provision
In accordance with the charlty artScles of association and lo thé full extent pemiitted by charity law, the Iruslees
may be granted an indemnity by the charity in respect of liability incurred in the discharge of their duties Whi￿ in
office.
In respect of those matters for which the trustees may nol be indemnffied, the charity has taken out trustee's
liability insurance which is renewed annually in line with our trustees risk mana9emenl policy.
Nailhgr the charity's indemnity nor the insurance policy provides cover in the event that the trustee is proven lo
have acted dishonestly or fr8udulenlty.
PLANS FOR FUTURE DEVELOPMENT
FUTURE DEVELOPMENTS
PTeface
Our strategic planning process has enabled us to progress tOW8rds achieving some of our corporate goals. This
Page18

CHURCH OF GOD OF PROPHECY TRUST
A company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
PLANS FOR FUTURE DEVELOPMENT Icontinuedl
has been made possible through the unwavering collaborative efforts of our core membership basg, who are
primarily volunteers. and who have continuously served through their passionate and reasoned faith in Christ.
with posilive engagement of their gifts, talents, skills and other resources.
In keeping with our international core values of Prayer. Harvesting, Leadership, Service and Stewardship we will
continue lo give focus to these, by way of increasing leadership capacity, optimise momentum towards raising
corporate awareness of the need for more churches and healthier churches. evangelism and cross<ullural
initiatives. We will continue to reach our nation with the light of the gospel of Jesus Christ,. whilst we pour on and
pour out the sall lo our families, Communit￿$, towns, cities and nation.
Prayer. Spiritualityand Worship..
We wlll continue lo raise the value of acllve preparation, promotion and participation of our church members in
meaningful. inspirational and reverential prayer and spirilualily disciplines. With the belief that all we are., all we
own and all we will be, belongs to God and is our act of worship. We will seek lo oplwnise the weath of lalenl
amongst our gifted worship leaders, musicians, and the creative arts Communty.
Intentlonol discipleshlp through Quallty Chrlstlan Education..
We will continue to raise the tevel of teaching interventions lo ensufe continuity of the core truths and practices
of our Penlecoslal faith. as outlined in our international policies. We will reinforce and empower our strategic and
operational leadership. who, in turn. wiu empower local congregations and families in their role as the primary
faf(h educators.
Evangelism.- Church Revitalisation and Planting..
Through our corporate WOTk-plan and practices we will raise awarenes5 of the benefits of cherishing and sharing
our faith as a gift from God and actively seek, recognize, and act on opportunities lo share il with our families,
friends and others. Reimagine the use of our corporate lime. talent and resources through realigning our events
and programmes to be more mindful of our Christ-cenlred mandate. In adijition, we will actively and prayerfully
assess the status of each local church wi(h an aim lo revf(alise and, where feasible. look lo plant new churches.
Soelal Actlon- Servlee to Community..
We are committed lo respond to Jesus, call of service lo others and His instruction to love others as we love
ourselves. We will continue lo encourage meaningful social action service provision across our network of
churches and Strategical￿ partner wrth other churches and or para-church organisations to bring healing and
hope to our communities.
Stewardshlp..
Church of God of Prophecy U.K. is wholeheartedty committed towards cullivaling and sharing our time, talent.
and treasure while addressing the needs of our local communrties, cities and nation. We will endeavour lo
pursue the h￿ghest levels of Christian ethics in all our operations.
Strateglc Objectlves
Become a vibrant ￿e￿Ork of local churches comprising over 10,000 active members, by 2030., that are
been discipled and developed to reproduce themselves through our intentional discipleship programmes.
strategically designate and resour¢e at least 10 Mlsslonal Churches. across the United Kingdom that are
primarity focussed on missions leadership training. development and deployment,. inc<xporaling our
Page19

CHURCH OF GOD OF PROPHECY TRUST
IA company Ilmited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
PLANS FOR FUTURE DEVELOPMENT Icontlnuedl
International and Wider-Europe Nelwork of churches.
Explore regional operational restructuring. lo facilrtale leadership development and church planting.
Grow Leadership capacity Ilntroduce Emerging leadership development programme,. Accredited Leaders
Courses.. Promote and increase utilisalion of Pastoral placements, Secondmenl opportunrties for lay
Ministers,. Mandatory annual Pastors Appraisal and Continuous Pastoral Development Plans}.
Maximi5e awareness and ¢orporale momentum aTound Healthy Church Growth through ongoing
implementation of Reclassification and Revltallsation of local churches. Facilrtale a Church Growth
Conference.
Raise awareness and reinforce use of our Corporate Work plan among our church nefvjork lo include.. Q1
Focus on (Training and Developmenll.. Q2&Q3- (Evangelisml,. Q4- IR8view and recalibratel.
Increase our Christian Edu¢alion delNery capacrty and develop OUT Corporate Administrative Office for
greater efficiency IRemodg1 Corporate Administrative off￿e$ for increased space and more efficient work-
flow and setup ¢enlral Training and Development cenlre. Identify Northern and Soulhem locations for
additional Training and Developmenll.
Maximising and controlling our corpor*e financial resource5 (Complete and implement Financial Framework
Document lo ensure balan￿ between local church and corporate administrative office financing.. Mandatory
annual submission of local church budgets.. Incr$asg Gift Aid participation from our k)cal churches).
Business Development - (Develop Eden Solution$ our trading enterprise to generate income through
maximising the under-utilisation of our assets).
To acquire oi develop a national conference and administration facilty from a suitable l¢)cal church base
facility.
Ongoing developing of our Social Action Mapping and engagement and partnering with other churches and
para-church organisalions.
Explore regional operational restructuring, to facililale leadership development and church planting.
MembeT5' liability
The Members of the Company guarantee to contribute an 8moLtnt not exceeding £1 to the assets of the
Company in the event of winding up.
Information on fundraising practices
Charitie5 Act 2011 Sgction 162A
The Youth, Christian Education, Women's and Men's departmen15 all raise funds to provide resources, which
enable the departments to cater lo the need5 of the constituent groups they serve within the church programme.
The Charity in organising Corporate and local Convocations, conferences and seminars for its members, also
raises funds to provide resources for these events.
Page 20

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees. responslbllltles
The Trustees (who are also the directors of the Company for the purposes of company law} are responsible for
preparing the Trustees, report and the financial slalement5 in accordance with applicabl8 law and United
Kingdom Accounting Standards IUni(ed Kingdom Generally Accepted Accounting Praclicel-
Company law requires the Trustees lo piepare financial slalemenls for each financial year. Under company law.
the Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair
view of the slate of affair5 of the Company and of it5 incoming resources and application of resources, including
ts income and expenditure, for that period. In preparing these finanaal slatemenls, the Trusloes are required to..
select suitsble accounting policies and then apply them con815tenlly'.
observe the methods and principles of the Charities SORP IFRS 1021-
make judgments and a¢¢ounling estimates that a￿ reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material
departures disclosed and explained in the financial slalemenls.,
prepare the finan¢i?I statements on the going concern basis unless il is inappropriate lo presume that the
Company will continue in business.
Thg Trustees are rgsponsible for k¢gping adequate accounting records th81 are sufficient lo show and explain
the Company's transactions and disclose with reasonable accuracy al any time the financial position of the
Company and enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees. report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charity's audf(ors are
unaware, and
Ihot Trustee has taken all Ihe steps that ought lo have been taken as a Trustee in order to be aware of
any relevant audit Informa￿Orn and to eslabllsh that the chartty's auditors are aware of that information.
Thank you
The trustees wish to thank all our members, I&￿e[s, families, community and key stakeholders for your support
over the years and we endeavour lo continue to serve you sleadfaslty and crave your Continued prayer and
support moving forward.
Approved by order of the members of the board of Trustees and signed on their behaW by..
Bishop Tadroy Powoll
Trustee
op Bernard Morrls
Trustee
Dale..
Page 21

CHURCH OF GOD OF PROPHECY TRUST
{A Company Ilmited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST
Opinion
We have audi(ed the financial statements of Church of God of Prophecy Trust Ilhe 'charitable companl) for the
year ended 31 March 2024 which ¢ompri5e the Statement of financial aclivilies, the Balance sheet, the
Stslement of cash ftows and the related notes. including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, Iuniled Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slalemenls..
give a true and tair view of the slate of the charitsble compantys affairs as al 31 March 2024 and of ils
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly Prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 20CE.
Basis for oplnlon
We conduded our audit in accordance with International Standards on Auditing {UKI IISAS IUKI} and applicable
law. Our responsibilities under those standards are further described in the Audiltsrs, respon5ibililies for the audit
of the financial statemerrts section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial 5talernen15 in the United Kingdom,
including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical
responsibilitie5 in accordance with these requirements. We believe that the audf( evidence we have obtsined is
S(￿l¢lent and appropriate to provide a basis for our opinion.
Con¢luslons relating to going con¢em
In auditing the financial slalemenls, we have concluded that the Trustees, use of the going Concern basis of
accounting in the preparation of the financial slalements is appropriate.
Based on the work we have performed, we have not identrfied any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubl on the char(table company's ability lo
continue as a going concern for a perK)d of at lèast twefve months from when the financial slalemenls are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this report.
Page 22

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST
ICONTINUEDI
Other Informatlon
The other infomialion comprises the information included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. Our opinion on the financial statements does not ¢over the other information and, except lo the
extent otherwise explicitly stated in our report, we do not express any fom of assurance conclusion thereon. Our
respDnsibilty is to read the other information and, in doing so, consider whether the other information 18
materially inconsistent with the financial slalemenls or our knowledge obtsined in the course of the audrt,
otherwise appears to be materially misslaled. If we idenlfy such maleriaS inconsistencies or apparenl materi81
misstatements, we are required to determine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misslalemenl of this other information. we are required to report that fact.
We have nothing lo report in this regard.
Opinion on other matters prescribed by the Companies Acl 2006
In our opinion. based on the work undertaken in the course of the audf('.
the information gNen in the Trustees, report for the financial year for which the financial statements are
prepared is consi51enl with the financial stalemenls.
the Trustees, rekX)rt has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the Ilght of our knowledge and understanding of the chaTrtable eompany and its environment obtained in the
ourse of the audit. we have not identified material misstatements in the Trustees. report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 reqLTrires
us to report lo you if, in our opin¢on'.
adequate accounting records have not been kept. or returns adequate for our audf( have not been
received fiom branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosure8 of Trustees, remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audit.
Respon$ibilltles ot trustees
As explained more fully in the TTuslees' responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the
Trustees detemiine is necessary to enable the preparation of financial ststements that are f￿e from material
misstalemenl, whether dtje lo fraud or error.
In PTeparing the financial statements, the Trustees are responsible for assessing the charitable company's abilty
to continue as a 90ing concern, disclosing, as applicable, matters related to going concern and using the going
concem basis of accounting unless the Trustees either intend lo liquidate the charitable company or to cease
eralions. or have no realistic allernallve bul lo do so.
Page 23

CHURCH OF GOD OF PROPHECYTRUST
IA cornpany limited by guarant091
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST
ICONTINUEDI
Auditors. responsibllities for the audit of the financial statements
Our objectives are to obt8in reasonable assurance about whether the financial slalements as a whole are free
from material misstatement. whether due lo fraud or error, and lo issue an Auditors. report that includes OUT
opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance wlh ISAS IUKI will a￿ayS detect a matertal misslatemenl when il exists. Misslalemenls can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonabty be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. including fraud. are instance5 Of non<omplian¢e with laws and regulations.
Bas￿ on our understanding of the Charity and nature of ils eperations. key laws and regulations we identified
included..
Companies Act-
Charities Act".
tax legislation..
health and safety and employment legi51alion:
data Protection legislatson.,
safeguarding.
We design procedures in line with our responsibilities, outlined above, to delect material misstatements in
respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling
irregulari(ies. including fraud is detailed below. We idenlffied that the principal risk of fraud or non<omplian
with laws and regulations related lo..
Management bias iri respect of accounting eslimales and judgements made.,
Management override of controls." and
Posting of unusual journalg or transactions.
We focused on those areas that could give rise to a material misstatement in the Charity financial slatemenls.
Our proceduTes included. bul were not limited to..
Enquiry of management and those charged with 9overnance around actual and potential litigation and clairr
including instance5 of non compliance with laws and regulations and fraud.,
Revwing minutes of meetings of those charged with governance, where available,.
Reviewing legal expenditure in the year lo identify instances of non-compliance with laws and regulations
and fraud",
Reviewing financial statement disclosures and testing lo supporting documentation lo assess compliance
wlh applicable laws and regulations., and
Performing audit work over the risk of management override of controls, including lesling of joumal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting eslimales for bias. including depreciation of
fixed assets and carrying value of investment property.
11 is the primary responsibility of management, with the oversight of those charged with governance, to ensure
that Ihe entity's operations are conducted in accordance with the provisions of laws and regulations and for the
prevention and detection of fraud.
P8ge 24

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CHURCH OF GOD OF PROPHECY TRUST
{CONTINUEDI
Because of the inherent limitations of an audit, there is a risk that we will not detect all irTegularf(ies, including
those leading lo a material misstslement in the financial statements or rbon-compliance with regulation. This risk
increases the more that ¢omplian¢e wth a law 01 regulation is removed from the events and transactions
refleded in the financial statements, as we wll be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
Inlenlion81 concealment, foigery, collusion. omission or misrepresentation.
A further description of our re5ponsibililies for the audit of the f nancial ststements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklaudilorsres
onsibilities. This description fomis part of our
Audilots, report.
Use of our report
This report 15 made solely to the charf(able company's members, as a body, in accordance with Chaptef 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken 50 that we might stale lo the charilablo
company's members those matters we are required to slate lo them in an Auditors. report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
the charitable Company and ils members, as a body, for our audit Work. for this report, or for the opinions we
have fomied.
Stephen Newman (Senlor statutory audltorl
for and on behalf of
PKF Smlth Cooper Audit Limited
Stslulory Auditors
Cornerblock
2 Comwall Street
Bimiingham
B3 2DX
Dale= 29 NoVeM￿r 2024
Page 25

CHURCH OF GOD OF PROPHECY TRUST
{A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrictod
funds
2024
Rg$trl¢tgd
funds
2024
Total
funds
2024
Total
funds
2023
Noto
In￿rne from:
Donations and legacies
Charitable activities
Investments
3,518,058
926,937
113,091
7.383
3.525,441
926.937
113,091
3,378,253
794,030
119.643
Total income
4,558,086
7,383
4,565,489
4,291,926
Expenditure on:
Charitable activities
4,573.292
4573,292
3,999, 778
Total expenditure
4.573.292
4,573,292
3,999, 778
Net {oxpgndlture)15ncome
Transfers be￿een funds
115,2061
482,579
7.383
1418,601}
17,8231
63,978
292. 148
18
Net movement In funds before other
recognised galnslllosse5}
467,373
1411.218)
56.155
292, 148
Other recognlsed gainslllossesl:
Investment property revaluation gain
1S.000
15.000
147. 123
Net movement in funds
482.373
{411,2181
71,155
439.271
Reconciliation of funds:
Total funds brought forward
Net movement in funds
14,255,744
482,373
577.579
1411.218)
14.833.323
71.155
14,394,052
439,271
Total funds carried foTrward
14.738,117
166,361
14.904,478
14,833,323
The Slalement of financial adivities includes all gains and losses recognised in the year.
The notes on pages 29 to 52 fomi part of these financial slalements.
Page 26

CHURCH OF GOD OF PROPHECY TRUST
{A company Ilmlted by guarantee)
REGISTERED NUMBER.. 01751385
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment PTOPOrty
12
9,020,647
2,230,000
9,111,407
2,215,000
13
11,250,647
11,326,407
Current as$ots
Debtors
Cash at bank and in hand
14
22
124.389
4.214,64S
104833
4.19Z807
4,339,034
4,298,640
Credf(ors'. amunls falling due within one
year
15
1340,9961
(555.022)
Net current assets
3.998.038
3,743,618
Total a$$ets le$$ Cur￿n1 liabilitie$
15,248.685
15,070,025
Creditors.. amounts falling due after more
than one year
16
1344,207)
(236. 702)
Total net assets
14,904,478
14,833,323
Charity fund$
Restricted funds
Unre$lrict8d funds
18
18
166,361
14.738,117
577,579
14,255, 744
Total fund5
14,904,478
14,833,323
The financial slalemenls were approved and aulh0ri5ed for issue by the Trustees and signed on their behalf by..
Blshop Tedroy Powell
Trustee
Bis
op Bemard Morris ITreasuror)
Trustee
Dale..
The notes on pages 2910 52 fomi part of these financial slalemenls.
Page 27

CHURCH OF GOD OF PROPHECY TRUST
{A Company limited by guarantee)
STATEMENT OF CASH FLOVIS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note
Ca$h Ilows from operatlng activities
Nel cash used in operating activ￿leS
21
238,277
687. 730
Cash flows from Investlng actlvitles
Purchase of tangible fixed assets
Purchase of investment property
12
{180.1491
(31, 104)
(80,37T)
Net cash used In Investlng activities
1180.1491
1111.481)
Cash flo¥￿ from financing activities
Cash inflows ffom new borrowing
Repayments of borrowing
Interest paid
150,01)0
1124,256} (157. 182)
{62,034}
(38. 649)
Net cash used In financing a¢tivltSes
136.290) 1195.8311
Chang• in cash and cash equlvalents in the year
Cash and cash equivalents at the beginnlng of thè year
21.838
380,418
4,192,807
3,8t2,389
Cash and cash equivalents at the end of the year
4,214,645
4, 192,807
The notes on pages 29 to 52 form part of these financial statements
Page 28

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The Company is a company limited by guarantee Icompany number 017513851. The registered address is
6 Beacon Court, Birmingham Road, Bim)ingham, B43 8NN. The members of the company are the
Trustees named on page 1. In the event of the Company being wound up. the liability in respect of the
guarantee is limited to £1 per member of the Company.
Aecounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in a¢cordan¢e wth the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo char((ies
preparing their accounts in accordance with the Financial Rep¢rting Standard applicable in the UK
and RepublK of Ireland IFRS 1021 leff&clive 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102} and the Companies Ad 2006.
Church of God of Prophecy Trust meets the definition of a public benefit entity under FRS 102.
Assets and li8bililies are inilialty recognised at historical cost or transaction value unless olhemise
stsled in the relevant accounting policy.
The financial slalemenls are prepared on a going concern basis under the historical cost convention,
modffied lo include certain f(ems at fair value. The financial statements are presented in Sterling
which is the functional currency of the Charity and rounded lo the nearest £.
The significant accounting policies applied in the preparation of these financial statements are sel out
below. These policies have been consistently applied lo all years presented unless otherwise slated.
2.2 Income
All income is recognised once the Company has entitlement lo the income, (( is probable that the
income will be received and the amount of income receivable can be rneasured reliably.
Donated services or facilities are recognised when the Company has control over the item, any
conditions associated with the donated rtem have been mel, the receipt of the economic benefit from
the use of the company of the item is probable and that economic benefit can be measured reliably.
In accordance with the charities SORP IFRS 102}, the general volunteer lime is not recognised and
refer to the Trustees Report for more information about their contribution.
other income is recognised in the period in which it is recewable.
Page 29

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guaranto91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.3 Expenditure
Expendi(ure is recognised once there 1$ a legal or conslruclive obligation lo transfer econom￿ benefit
lo a third party, il is probable that a transfer of e¢onomi¢ benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, ineluding support costs
involved in undertaking each activity. Dire￿ costs allribulable to a single activity are allocated directly
to that activity. Shared costs wh￿h contribute lo more than one activty and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent. and deP￿cl3t10n
charges alloGated on the portion of the asset's use.
Expenditure on charilablg aclivi11gs is incLsrred on directly undertaking the actwilies which further the
Companys objectives, as w911 as any associated support cvsts.
Support costs afe those costs inCUr￿d directly in support of expenditure on the objects of the
Company and include project management carried out al National Office Governance costs are those
incurred in connection with administration of the Company and compliance wrth constitutional and
stalulory requirements.
Charitable activities and Governance costs are costs incurred on the Compan¥$ operation$,
including support costs and costs relating lo the governance of the Company apports'oned to
charitable activities.
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Grants are accounted for under the accruals model as permiited by FRS102. Grants of a revenue
nature aTe recognised in the Slalement of Financi￿ Activities in the same peri¢)d as the related
expendf(ure.
2ts Interest r8ceivable
Inlgresl on funds held on deposf( is included when receivable and tho amount can bg mea$ur6d
reliably by the Company., this is normalty upon notification of the interest paid or payable by the
insti(Lth'on with whom the funds are deposited.
2.6 Taxatlon
The charity is exempl from tax on income and gains falling within section S05 of the Taxes Act 1988
or Section 252 of the Taxation of Chargeable Gains Act 1992 to the exienl that these are applied lo
ils charitable objects.
Page 30

CHURCH OF GOD OF PROPHECY TRUST
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounting poli¢ie$ l¢ontinued}
2.7 Tanglble fixed assets and depreclatlon
Tangibl& fixed assets costing £2k or more are capilalised and recognised when future economic
benefits 8re probable and the Cost or value of the asset can be ￿￿asured reliably.
Tangible fixed assets are ini(la1￿ recL>Jnised at cost. After recognition. under the eosl model, tangible
fixed assets are measured at cost less accumulated depreciats'on and any accumulated impaiiment
losses. Al costs incurred to bring a tangible fixed asset into ils intended workirbg condition should be
included in the measurement of cost.
At each reporting date, the Company assesses whether there is any indication of impaiment. If such
indication exists, the recoverable amount of the asset is determined lo be the higher of ils fair value
less costs to sell and its value in use. An impairment loss is recognised in the Stalernent of Financial
Activities where the carryng amount exceeds the recoverable amount.
Depreciation is charged so as lo allocate the cost of tangible fixed asset5 less their residual value
over their eslimaled useful lives.
Depreciation is PTovhJgd on the following bases:
Freehold propety
Motor vehicles
Fixtures and fittings
Local Church contents
Nursery assets
50 years depreciation straight line
250A on reducing balan
150% .25CA on reducing balance
1 SOA on reducing balance
25./0 on reducing balance
2.8 Investment property
Investment propety is carried al fair value detemined annually by external valuers and derived from
the current market ￿nIS and investment property yields for comparable real estate, adjusted. rf
necessary, for any difference in the nature, location or condition of the specific assel. No depreciation
is provided. Changes in fair value are recognised in the Statement of Financial Activities.
2.9 Debtors
Trade and other doblors are recogniseil al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10Cash at bank and in hand
Cash at bank and in hand includes cash and short-lemi highly INuid investments with a short malurily
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Page 31

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies l¢ontlnued)
2.11 Liabilitios and provlslons
Liabilili¢s are recognised when there rs an obligation al the Balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the arnounl
of the settlement tan be estimated reliably.
abilities are recognised al the amount that the Company anticipates il will pay lo settle the debt or
the amount il has received as advanced payments fof the goods or services il must provide.
Provisions are measured al the best estimate of the amounts required lo settle the obligation. Where
the effect of the lime value of money is material, the prowsion is based on the present value of those
amounts, dis¢ounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The
unwinding of the discount is recognised in the Slalemenl of Financial Activities as a finance cost.
2.12 Flnan¢lal Instrument5
The Company only has financial assets and financial liabilities of a kind that qualify as basic financsal
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.13 Finan¢9 leases and hlre purchase
Assets obtained under hire purchase contracts and finarsce leases are capitalised as tangible fixed
assels. Assets acquired by finance lease are depreciated over the shorter of the lease tgrm and Ih&ir
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where subslanlialty all of the benefits and risks of ownership afe assumed by the
Company. Obligations under such agreements are included in creditors, nel of the finance charge
allocated lo future periods. The finance element of the rental payment is charged lo the Statement of
Financial Adivilies so as to produce a constant peri¢JJic rate of charge on the nel obligation
outstanding in each period.
2.14 Operatlng leases
Rentals paid under operating lease$ ar$ charged to the Statement of Financial Activities on a straight
line basis oveT the lease term.
2.15 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company lo the fund in respect of the year.
Page 32

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {continuedl
2.16 Fund accountlng
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular
purposes. The aim and use ol each designated fund is set out in the notes to the financial
stalemenls.
Restr¢rted funds are funds which are to be used in accordance wlh specffic reslrlclions imposed by
donors or which have been raised by the Company for particular pU￿ose$. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each ieslricled
fund is sel out in the notes lo the financial slalemenls.
Investment income. gains and losses are allocated to the appropriate fund.
Critical accounting ￿tiMateS and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimate5 and 8$5umption5'.
The Company makes estimates and assumptions concerning the futu￿. The resulting accounting
eslimales and assumptions will. by definition, seldom equal the related actual results. The eslimales and
assumptions that have a significant risk of Causing a material adjuslmenl to the CaT￿ng amounts of
assets and liabilities within the next financial year are discussed below.
Cri(ieal areas of judgment-.
The key estimates and assumptions adopted in the financial slalements related lo the depreciation of
property over f(s estimated useful life and the revaluations of properties held as inveslmenls.
Page 33

CHURCH OF GOD OF PROPHECY TRUST
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Incomg from donatlons
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Donations
Grants
3.472,876
45,182
7.383
3.480,259
45,182
3.518,058
7,383
3,525.441
Unrestricted
fvnds
2023
Tot
funds
2023
Donaligns
Grants
3,367, 753
10.5(k)
3,367.753
10.500
3,378,253
3,378.253
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Ministries
Nursery
Rent
528.471
246,872
151,594
528,471
246,872
1S1,594
926,937
926,937
Income from the Nutsery Includes £15,818 12023 - £145.000) insuranc8 claim in relation lo lo$s of
income during a period of closure.
Page 34

CHURCH OF GOD OF PROPHECY TRUST
IA company limitgd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities l¢onlinued)
Unrestricted
funds
2023
Tolal
funds
2023
Ministries
Nursery
Rent
401, 783
275,641
116,606
401, 783
275,641
116,606
794,030
794,030
Volunteers provide many hours of general serwce to the charity and this is referred to in the Trustees
Report.
Invo$tment Incomo
Unrestricted
funds
2024
Total
funds
2024
Rental in¢omo- invgslment properties
113,091
113,091
Un￿stricted
funds
2023
Total
funds
2023
Rental income- investment properties
119,643
119, 643
Page 35

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure on charitable actlvltl8s
Summary by fund type
Unrestricted
funds
2024
Total
2024
Worshiplminislries
Discipleship
Social Ath'on
Stewardship
Mission
Nursery
1,341,806
421,602
214.621
2,069.901
305,564
219,798
1.341.806
421,602
214,621
1069,901
305.564
219,798
4.573,292
4,573.292
Unreslricled
funds
2023
Tolal
2023
Worshiplministr￿s
Discipleship
Social Action
Stewardship
Mission
Nursery
1,043,943
397,286
190,972
1,858,032
282,023
227,522
1,043,943
397,286
190,972
1,858,032
282,023
227,522
3,999, 778
3,999, 778
Volunteers promde many hours of general service lo the charty and this is referred lo in the Trustees
Report.
Page 36

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PdlARCH 2024
Analysis of expenditure by activities
Activltles
undertaken
dlrectly
2024
Support
costs
Total
funds
2024
2024
WorshiplMinislri8s
Discipleship
Social Action
stewardship
Mission
Nursery
1,341,806
421,602
214,621
1,094,664
305,564
1,341.806
421.602
214.621
2,069.901
305,564
219,798
975.237
219,798
3,378,257
1,195,035
4,573,292
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Worshiplministr￿s
Discipleship
Social Action
Stewardship
Mi$swJn
Nursery
1.043,943
397,286
190.972
924. 102
282,023
1.043,943
397,286
190,9T2
t,858,032
282,023
227,522
933.930
227.522
2,838,326
1, 161.452
3,999,778
Page 37

CHURCH OF GOD OF PROPHECY TRUST
(A company limlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of &xpenditure by activities Icontinuedl
Analysls of support costs
st9ward-
ship
2024
Total
funds
2024
Nursery
2024
Staff costs
Depreciation
Interest of loans
Accountancy
Legal and professional fees
other nursery costs
Governance costs
589,566
267,878
62.034
184.598
3,031
774,184
270,909
62,034
1,980
3,163
27,026
55,759
1,980
3,163
27,026
55,759
975,237
219.798
1,195.035
Total
funds
2023
stewardship
2023
Nursery
2023
staff costs
Depreciation
Interest on loans
Accountancy
Legal and professional fees
Other nursery costs
Govemance costs
557.870
278,022
38,649
159,988
3,527
717,858
281,549
38,649
3,226
3,457
57,324
59,389
3.226
3,457
57.324
59,389
933,930
227.522
1, 161,452
Auditors. remuneralion
2024
2023
Fees payable (excluding VATI to the Companls auditor for the audit of the
Company's annual accounts
21.500
20, 750
Page 38

CHURCH OF GOD OF PROPHECY TRUST
{A cornpany limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Employee costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1.500.898
100.317
30.703
1,381,647
90,529
28, 734
1.631.918
1,5(k).910
The average number of persons employed by the Company during the year was as follows..
2024
No.
2023
98
96
The averagg headcounl expressed as fulktime eqLtivalents was..
2024
No.
2023
No.
PresKJing Bishop
Pastors
Olh&r staff
28
27
26
27
56
54
The number of employees whose employee benefits (excluding employer pension costs} exceeded
£60,000 was..
2024
2023
No.
In the band £60,001- £70,000
The remuneration and benefits of key Tnanagement personnel who are not trustees was £151,121 12023
£132,535). The Trust considers the key mana9emenl personnel I senior management team lo be of
significant importance lo the Charity for the success of the day to day operations.
Page 39

CHURCH OF GOD OF PROPHECY TRUST
{A company limitsd by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Trustees. remuneration and expenses
During the year. Trustees have been paid remuneralK)n from employment witt) the Company.
One 12023 - One) Trustee was paid for their seNices in the year in respect of their capacity as
Administrator being T Powell (also highest paid Trusleel remuneration £64,187 12023 £60.9711 and
pension contributions £1,36112023- £1,321).
Ten 12023 - Nine) Trustees were paid for seNices as 'Ministers of Religion, las pern￿ed by the
constitution of the Charrty). Remuneration and pension contribution5 respectively in the year were G
Revers £11,18412023 - £11,184) and £148 12023 £1481.. D Bailey £45.45412023 - £36,000) and £nil
12023- £275)., B Morris £38,68612023- £36,000) and £nil12023- £ni4,' R Veira £27,10812023- £38, 137)
and £601 12023- £9571., R McKoy £1 S.00012023- £15,000) and £26312023 - £2631,. E Williams £38,760
(2023 - £39,076) and £97612023 - £9831,. P Rochester £9.06012023 - £9,060) and £nil12023 - £nifj.' P
Mccalla £40,401 12023 - £36.6921 and £988 12023 - £903},' K Schafer £21.238 12023 - £22. 7401 and
£45012023- £4501,. R Barrett £7,37712Q23- £nAQ and £9112023- £nil).
During the year, Tetirement benefits were aceruing to 8 Trustees 12023 - 8) in respect of defined
contribution pension schemes.
During the year and comparative year no trustees were Teimbursed OT paid directly for expenses incurred
in respect of their role as a Trustee.
Page 40

CHURCH OF GOD OF PROPHECY TRUST
IA company lirnited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Tangible fixed assets
Land and
buildings
Motor
Fixtures
vehicles and fittings
Church
ontents
Nursery
assets
Total
Cost
Al 1 April 2023
Additions
10.471.480
27,775
180,581
666,100 1.526.714
11,170
141.204
116,573 12.961.448
180.149
At 31 March 2024
10,499,256
180.581
677,270 1,667,918
116,573 13.141.697
Depreciation
At 1 April 2023
Charge for the year
1,723,152
202.498
179.979
602
617,009 1,225,447
14.588
50,190
104,454 3.850,041
3,031
270,909
At 31 March 2024
1,925.650
180.581
631,597
1,275.637
107.48S 4,120,950
Net book value
Al 31 March 2024
8.573,605
45,673
392.281
9.088
9,020,647
Al 31 March 2023
8, 748,328
602
49.091
301,267
12,119 9,111,407
Included in the net book value of property displayed a)ove are the following amounts ascribable lo land..
2024
2023.
Freehold
Leasehold
7.081.033
1.492.672
r,218,603
1,529,725
8.573.605
8,748,328
'These amounts have been recla55ified to conform to the presentation of the current accountin9 period.
There is no change lo the total land and buildings amount.
The nel book value of assets held under finance leases and hire purchase contracts. included above are
plant and machinery £nil12023- £34, 1031.
Page 41

CHURCH OF GOD OF PROPHECYTRUST
IA company1Smlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Investment PlOP8rty
Freehold
Investment
property
Valuation
At 1 April 2023
Surplus on revaluation
2.215.000
1 S.000
At 31 March 2024
2.230.000
The inveslrnent properties have been subject to desktop valuation, by RICS external valuers in August
2024 on the basis of &xisting use. The Trustees consider the valuation a reasonable estimate of market
valuation at 31 March 2024.
14. Debtors
2024
2023
Due after more than one year
Other debtors
40.000
40,000
40,000
40,(￿•
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
42,600
26,672
15.117
27,050
19,923
18,860
124.389
105,833
Other debtors due after one year is a loan to the COGOP intemational rthork. repayable after more
than one year.
Page 42

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. Creditors: Amounts falling due within one year
2024
2023
Bank loans
Other loans
Trade credbtors
Other laxalion and social securty
Obligations under finance lease and hire purchase contracts
Other creditors
30,301
32,200
9,994
26,495
96,229
39,250
47,752
20,2T2
8.783
99.609
243. 127
124,012
117,994
Accruals and deferred income
340.996
555.022
Bank loans are secured on specific freehcAd church prw&rties.
Other loans are loan$ from l¢xal members to assist in the acquisition of investment property and are
unsecured.
Finance lease and hire purchase Contracts are secuTed against the relevant assets.
The Company has deferred income in the amount of £54,450 {2023 - £52,353) on the basis services are
provided after the balance sheet dale. The movement in the year represents further amounts deferred
during the year. There was £119,599 {2023 - £32,485> released lo the Statement of Financial Activities
during the year.
Page43

CHURCH OF GOD OF PROPHECY TRUST
(A company limited by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Creditors.. Amounts falling duo after morg than one year
2024
2023
Bank loans
OlheT loans
328.207
16,000
202,052
34,650
344,207
236, 702
The aggreg8le amount of liabilities payablg or Tepayable wholly or in part more than five years after the
reporting dale is..
2024
2023
Payable or repayable by inslalmenls
Payable or repayable other than by instalmenls
125,929
202,052
34,650
125.929
236. 702
Finance lease and hire purchase contracts are secured against the Televant assets. Obligations under
finance leases and hire purchase contracts due btheen one and fNe years are £nil12023- £nill.
The bank loans are secured on specific freehold church properties. Interest payable on the loans are at
rates varying be￿een 1.25Qh and 4.50￿ above bank base rates.
Other loans are loans from local members lo assist in the acquisl(ion of investment propety and are
unsecured. Interest payable on the loans accrue at varying rates between 2.10 and 70/.. Repayments are
duo at the end of loan agreement periods of between 5 and 10 years.
Page 44

CHURCH OF GOD OF PROPHECY TRUST
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Financlal Instruments
2024
2023
Financial assets
Financial assets measured al amortised cost
109,272
86,973
2024
2023
Flnanclal liabilitles
Financial liabilities measured at amortised cost
567.209
539.814
Financial assets measuTed at amortised cost comprise trade and other debtors.
Financial liabilities measured at amortised Gost comprise bank loans and overdrafts. other loans, trade
creditors. lax creditors ?nd other creditors.
The Trust does not acquire or use pul options, derivatives or other complex financial instruments.
Page 45

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds
Statement of funds- current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Gainsl
{Losses
Income Expenditure
Unrestricted
funds
Designated
funds
Property
maintenance
fund
577.000
577.000
General funds
General Funds-
all funds
14,255,744
4.558,086 14,573,292)
{94.421}
15.000 14,161,117
Total
Unrestricted
funds
14,255,744
4,558,086
14,573,292)
482.579
15.000 14,738.117
Restricted
funds
Chureh property
fund
Property
donation
Intemalional
Church
577,579
1577.5791
95,000
95,000
71,361
71,361
677,579
71.361
1482,5791
166.361
Total of funds
14.833.323
4.629.447
14.573,2921
15,000 14,904,478
The Trustees have sel aside funds from the general fund for the specrfic purpose of conlribuling towards
the cost of repairs lo church property. Reslricled funds includes funds received from the International
Church lor the funding of church related mission projects around the worfd and a propety donation on
the basis of covenants in the lease a9reemenl.
Page 46

CHURCH OF GOD OF PROPHECY TRUST
IA company Ilmlted by guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Statement of funds Icontlnuedl
Statsment of funds - prior year
Balance al
31 March
2023
Balance at
l Apnl 2022
Gains/
(Losses)
Income Expenditure
Unrestricted funds
General Funds- all funds
13.816,473
4.291,926 (3,999, 778)
147. 123 14,255,744
Restrl¢tod funds
Chuich Pfoperty fund
577,579
577,579
Total of funds
14,394,052
4,291,926 (3.999. 778)
147, 123 14.833,323
Page 47

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. Summary of funds
Summary of funds - currènt year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Gainsl
(Losses)
Income Expenditure
Designated
funds
Gener81 funds
Restricted funds
577.000
194A211
1482.5791
577,000
15,000 14.161,117
166,361
14.255,744
5n,579
4.558.086 14.673.292)
71.361
14,833.323
4.629,447 14.573,2921
15,000 14.904,478
Summary of funds- prior year
Balance at
31 Ma￿h
2023
Balanc8 al
l Apnl 2022
Cains/
(Losses)
Income Expendrfurg
General funds
Restricted funds
13,816,473
577,579
4.291.926 (3,999. 778)
147, 123 t4,255,744
577,579
14.394,052
4,291,926 (3,999,778)
147, 123 t4.833,323
20. Analysis of net assets bgtween funds
Analysis of net assets between funds- current pertod
Unreslrl¢ted Restrf￿ed
funds
funds
2024
2024
Total
funds
2024
Tangible flxed assets
Investment propety
Debtors due after more than one year
Current assets
Creditors due within one year
Credil(vs due in more than one year
9.020.647
2.230.000
40.000
4.132.673
1340,9961
1344,2071
9,020,647
2,230,000
40,000
4,299,034
{340.9961
1344,207}
166,361
Total
14,738,117
166,361 14,904,478
Page 48

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysls of net assets belween funds l¢ontlnuedl
Analysis of net assets between funds - prior period
Unrest17cled
funds
2023
Reslrittted
nds
2023
Total
funds
2023
Tangible fixed assets
Investment pioperty
Debtors due after more than one year
Current assets
Creditors due wrthin one year
Creditors due in more than one year
9,111,407
2,215,000
40,000
3.681,061
(555,022J
(236, 702)
9,111,407
2,215,000
40,000
4,258, 640
(555,022)
(236, 702)
577,579
Total
14,255, 744
577,579 14,833,323
21. Reconclllatlon of net movement In funds to net cash flow from operating a¢tlvltles
2024
2023
Net incomelexpenditure for the period las per Statement of Financial
Activit￿$)
{7,8231
292, 148
AdJuslrn¢nts for:
Depreciation charges
Net interest paid
{Increase} in debtors
(Dee￿aSe)rIncrease in creditors
270,909
62,034
118.556}
168,287)
281,549
38.649
(6,460)
81,844
Net cash provided by operating activitie5
238,277
687, 730
22. Analysis of cash and cash equivalents
2024
2023
Cash in hand
4.214.645
4, 192,807
Total cash and cash equivalents
4.214.645
4, 192,807
Page 49

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarante91
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
23. Analy$l$ of change5 in net debt
At 1 April
2023 Cash flows
At 31 March
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
Finance leases
4192,807
1135.4791
{236.7021
{8.7831
21.838
72.978
1107,505)
8.783
4,214,645
162,5011
1344.2071
3.811.843
{3,9061
3,807,937
24. CapStal commitments
2024
2023
Contracted for but not provlded In these financial statements
Acquisition of tangible fixed assets
122,388
2S. Pension commitmgnts
The charity operates a defined contribution pension scheme, the assets of which are held in a separate
administered fund. The cost during the period was £30,703 12023 - £28. 7341. At the balance sheet dale
there were outstanding contributions due of £10,96112023- £7, 575).
Page 50

CHURCH OF GOD OF PROPHECY TRUST
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
26. Operating lease cornmitments
At 31 March 2024, the Company had commitments to make future minimum lease payments under non
cancellable operating leases as follows..
2024
2023
Wf(hin 1 year
Be￿een 1 and 5 years
Later than 5 years
14,957
18,586
98,000
21,390
22,985
99,200
131,S43
143,575
The following lease payments have been recognised a5 an expense in the Slalement of financial
adivities=
2024
2023
Operating lease rentals
101.920
107,076
Related party transactions
R4FFA Intemalional Development Agency. Wesl Midlands Faith in Action LTD and Eden Solutions
Network Community Interest Company are considered related parties within the Church of God of
Prophecy Trust. as o resutt of s¢)me Trustees holding similar posftions in these organisations.
The Church has made donations to RAFFA International Development Agency of £nil12023- £1,828) to
support the organisalion. In addition an amount of £23312023- £234 wa$ due to RAFFA at the balance
sheet dale.
The Church has also provided services lo Wesl Midlands Faith in Adion LTD of £nil12023 - £2,652) to
support the organisation. In addition an amount of £4,097 was due from Wesl Midlands Faith in Action
LTD (2023 an70unt due to- £6411 al the balance sheet date.
During the year the company purchased fixed assets from Eden Network Solutions Community Interest
Company, a subsidiary company, in the amount of £27,77512023- £ni4. In addition, £19,800 {2023- £ni4
was loaned to the company and remains due al the balance sheet date.
Page51

CHURCH OF GOD OF PROPHECY TRUST
IA Company limiled by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Subsidiaries
RAFFA International Development Agency. (company number 05976094 and charity commission number
11230891, a company limited by guarantee is a subsidiary of Church of God of Prophecy Trust. The
company is not consolidated in these financial slalemenls on the basis il is not material to the results and
financial position of the Church of God of Prophecy Trust.
Eden Solutions Network Community Interest Company (company numbeT 120128681 is considered lo be
controlled by RAFFA International Development Agency. The company is not consolidated in these
financial statements on the basis it is not material to the results and financial position of the Church of God
of Prophecy Trust.
Page 52