Report and
Financial
Statements
For the year ended 31 December 2024
FOUNTAIN OF LIFE
PENTECOSTAL HOLINESS CHURCH
Charity No: 1040574

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
ort of the Trustees for the Year Ended 31 December 2024
Contents-"
page
Legal and Administrative Information
Report of the Trustees
2to8
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
The following page does not form part of the Statutory Accounts

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
Reference and Administrative information
Charity Name:
Fountain of Life Pentecost31 Holiness Church
Charity Registration Number
1040574
Registered Office and
Operational Address:
139 Ashville Road, Leytonstone, London
E114DX
Trustees
Reverend Harold Presley (Chair person)
Mr Clement Julien
Mr John Amosu
Independent Examiner:
Samuel Durojaiye FCPA
Samuelson & Co UK Ltd
Certified Public Accountants & Tax Consultsnts
596 Kingsland Road
Hackney, London
E8 4AH
Bankers .
Barclays Bank PIC
Holloway and Kingsland Branch

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
ort of the Trustees for the Year Ended 31 December 2024
The trustees presenc their report along with the financial statements of the charity
for the year ended 31 st December 2024.
The financial Statement has been prepared in accordance with the accounting policies
Set out on page 4 and comply with the charity's trust deed and applicable below.
Constitution Ob'ects and Princi
al Activities of the Chari
to
ether with the Or
anisation
of our work
Our Charity'5 purposes as set out in the objects contained in the Dec12rntion of Trust are-
A. Advance of the Christian faith
B. Relief of people who are in condicions of hardship or distress or who are aged, sick or disabled
C. Promotion of fulfilment of such other charitable purposes beneficial to che community.
The trust was involved in Christian Outreach programmes designed to increase Christianity
awareness and spread che gospel of our Lord Jesus ChrisL
Ensurin
Our Work Delivers Our Aims
We review our aims. objectives and activities each year. This review looks at what we achieved
2nd the outcomes of our work in the previous 12 months. The review looks at the success of
each key activity and rhe benefits they have brought to those groups of people we are sec up to help.
The review also helps us ensure our aim . objectives and activities remained focused on our stated
purposes. We have referred to the guidance contained in the Charity Commission s general
guidance on public benefit when reviewing our aim and objectives and in planning our future
activities. In particular, the trustees consider how planned activities will contribute to the aims
and objectives they have sec.
Develo
ment Activities and Achievements in the Year
The Trustees are pleased to report that the Church has continued to be successful spiritually by
ministering to many people. The Church ha5 improved in membership 5trengch and reaching out
through partnerships and to the community. In Ihe years, the church has continued with widening
her parcicipation collaborative work with the Waltham Forest Homeless project.

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
The church members and the Pastor fed the homeless every first Friday of the month.
In line with our mission statement ' LovingJe5us. Lifting People, Launching Ministries, we worked in
partnership with The London School of Ministry. Pentecostal Holiness British Conference.
We also supported supported two ministries namely GHACOE Ministry in Ghana 2nd Mission
Catslyst in India and Kenya. We worked with families and children around Leytonstone
(Ashville Road area) in sharing the gospel and putting on different activities on Saturdays and during
the holidays for the children.
Who used and benefited from our Services?
Our Church Services are presented with both the regular congregants and the visitors or seekers in
mind. We minister to the physical, mental and spiritual needs of people in our services
giving specific consideration co the seekers or new comers in our midst who may not necessarily
have a church background and as such may not understand the processes and procedures of
Christianity. We have also helped relief poverty and hardship amongst both regular and irregular
congregants who are suffering from a period of financial hardship due to unemployment and lack
of financial resources.
Financial Review
The totsl Incoming resources for the year amounted to £103.955. The net incoming resources
was£591.
Princi
al Fundin
Sources
The principal funding sources for the charity are currently by way of Donations and Gifts from
congregants through the offering basket passed during Church services and through bank standing
orders.
Investment Policy
The Charity have cash that are set out in the Charity balance sheets. The objective of the investment
policy is to invest in cash at banks where the capital is protected. No bank interest vias 2chieved
in the period The Chariry currently has a policy of keeping any Surplus liquid fund5 in cash at
bank5 where imtnediaie access and security of funds is guaTrnieed.

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
Reserves Policy
The Board of Trustees has examined the Charity's requirements for reserves in light of the main
risks to the organisation. It has established a policy whereby the unrestritted funds not
committed or invested in tangible fixed assets held by the charity should be between 3 and 6
months of the expenditure.
The expenditure for 2024 was £103,364 and therefore the targeted reserves should be between £25,841
and £51,682 in general funds. The reserves are needed co meet the working capital requirements
of the chariry and the trustees are confident that at this level they would be able to continue the
current activities of the Charity in the event of a significant drop in funding. This general reserve
policy was met 2nd exceeded as in earlier years.
Plans for Future Periods
The Charity plans continuing the activities outlined above in rhe forthcoming years subject to
satisfactory funding arrangements.
Structure Governance and Mana
ement
Governing Document
The Organisation is 2 charitable organisation constituted under a Constitution dated 2 Ith July
1994 and registered as a charity on 2nd September 1994. The charity was established under a
Constitution which established the objetts and powers of the charity and is governed under its
terms. In the event of the Charity wound up member5 are required to so decide by three-quarters
majority.
Trustees Induction and Training'%*j.
Most trustees are already familiar with the practical work of the charity hiving been friends of the
Church for a number of years. Additionally, new trustees are invited and encouraged to function in
the capacity as friends of the Church in order to understand the offerings of the Church and its
market. Additionally new trustees would be invited as required and encouraged to attend a series
of 5horc training sessions to familiarise themselves with the charity and the context within which
it operates.

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
These sessions would be led by the chair person. secretary and treasurer of the Charity and cover
l ) The Obligations of Truscees
2> The Main documents which set out the operational frnmework for rhe chariry including the
Declaration of Trust
3) Resourcing and the current financial position as set out in the latest published accounts
4) Future plans and objectives
Risk Management
The Trustees have identified the major strategic risks to which Fountain of Life Pentecostal Holiness
Church is exposed to and has established controls and actions to mitigate them. E2ch year, risk
assessments take place at our office and are subject to continual review and monitoring.
The Trustees take 2112ppropriate steps to modernte 2nd manage the inevitable operational risks
to which volunteers staff and assets of Fountain of Life Pentecosral Holiness Church are exposed.
Comperence based training. Volunteers employers liability insurnnce, monitoring of new legislative
requirements are for examples of steps Liken. In particular there are policies and procedures
for children and vulnerable adults protettion and for health and safety risks.
Organisation
Founuin of Life Pentecosral Holiness Church is governed by a Board of Trustees to serve the charity
and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of
co-option to ensure that gaps are filled. The Board also ensure5 that a number of other criteria are
met. The B02rd are assisEed by ministry team. The Board of Trustees meet quarterly and
are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in
place and day to day responsibiliry for the provision of the serrfices rest with the trustees.
Responsibilities of the Trustees
Charity law requires the Truscees to prepare financial statements for each financial year which
give a true and fair view of the sote of affairs of the charitable trust as at the balance sheet date
and of its incoming resources and applications of resources, including income and expenditure,
for the financial year.

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
In preparing those financial staiemenr5 the Trustses should follow best practice and:
l ) Selett Suitable accounting policies and then apply them consistently."
2} Make judgements and esttmates thac are reasonable and prudeni
3) Prepare the financial 5L3temenEs on the going concern basis unless it is inappropri2te
to presume that the charity will coniinue on Ihat basis.
The Trustees are responsible for maintsining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charity and enables them to ensure
that che financial Statements comply with Chariry Att of 201 l. The Trustees are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detecrion of fr7ud and other irregularities.
Members of the Board of Trustees
Member5 of the Board of Trustees. and trustees for the purpose of charity law, who served during
the year and up to the date of this report are set out on page l.
In accordance with charity law. as trustees, we ce￿ify rhaL"
So far as we are aware, there is no relevant infonnation of which the companls 2ccount2nts are
unaware" and as the trustees of the chariry we have tsken all Steps thar we ought to have taken in
order to make ourselves aware of any relevant information and to establish that the Charity's
accountants are aware of that information,.
This report has been approved by the trustees 2nd signed on their behalf by.
Rev. H2rold Presley
Signed:
Date:

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
Inde
endent Examiners Re
ort to the Trustees of Fountain of life Pentecostal holiness
ear ended 31 December 2024
church for the
I report on the accounts of the chariry for the year ended 31 December 2024, which are set out on
Pages Ioto 16.
Res
ective res
onsibilities of trustees and examinÉr
The trustees (who are also the directors of the organisation are responsible for the preparation
of financial statemenL
The trustees consider that an 2udit is not required for this year under settion 144 (2) of the
Charities Att 2011 (201 l Act) and chat an independent examination is needed.
The charity's gros5 income did not exceed £250,000 and l am qualified to undercake the examination
by being a Certified Public AccountanL
Having satisfied myself that the charity is not subjett to audit under company law and is eligible for
independent examination. it is my responsibility to".
l) examine the accounts under section 145 of the 201 I Ac
2) to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145 (5)(b) of the 201 l Ac( and
3) to state whether particular matters have come to my attention.
Basis of inde
endent examinerfs re
ort
My examination was carried out in accordance with the general directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity and a
comparison of the accounts with those records. It also includes consideration of any unusual items
or disclosures in the accounts. and seeking explanations from you as trustees concerning any such
matcers. The procedures undertaken do not provide all the evidence that would be required in an
audit and consequendy no opinion is given as to whether the accounts present a 'true and fair
view, and the reporc is limited to those matters set out in the Statement below.

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
Inde
endent Examinerfs Statement
In conneccion with my examination, no matter has come to my attention:
(l ) which gives me reasonable cause to believe that in any material respett the requirements:
l a) to keep accounting records in accordance with 5ecrion 386 of the Companies Act 2006: and
I b) to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Att 2006 and with the methods and principles of the
Statement of Recommended Practice: Accounting and Fieporting by Charities have not been mec: or
(2) to which, in my opinion. attention should be drawn in order to enable a proper understanding
of the accounts co be reached.
Samuel Durojaiye FCPA
Samuelson & Co UK Ltd
Certified Public Accountants & Tax Consultants
596 Kingsland Road
Hackney, London
E8 4AH

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND
EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted Endowment
Total Funds
Fund$
Funds
Funds
2024
2023
Notes
INCOME
Incoming resources
103,955
103,955
123,210
Other incoming resources
Total incoming resources
103,955
103.955
123,210
RESOURCES EXPENDEI
Costs of generating funds
Missionary and Charitable
giving
Activities direcdy relating to
the work of the church
26,838
26,838
8,940
3b
73,824
73,824
67,811
Church management and
administration
2,702
2,702
2,702
TOTAL RESOURCES EXPENDED
103,364
103.364
79.453
Net Incomingl(Outgoing) Resources
Gains and Losses on Investments
591
591
43,757
NET MOVEMENT IN FUNDS
591
591
43,757
ACCUMULATED FUNDS
BIF AT 0110112024
208,937
208,937
165,180
ACCUMULATED FUNDS
CIF AT 3111212024
209,528
209.528
208,937

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
NCE SHEET AS AT 31ST DECEMBER
024
Notes
2024
2023
FIXED ASSETS
T2ngible Assets
Long-term Invegtment
650.948
653.100
675.948
678.100
CURRENT ASSETS
l Debrors1Pledge&lPre￿YTheDcs
i Bankjcash Balances
184.130
181,387
184,130
181.387
CURRENT LIABILITIES
AJnount falling due within
one year
550
550
550
550
Net Assetsl{Liabilities)
859.528
858.937
Revaluarioft accounr
650.000
650.000
Accurnulated Funds BIF
208.937
208.937
Excess Incomel ( Deficits)
591
43.757
AcCumula￿d Funds CIF
209,528
859,S28
252,694
Tot21
902,694
APPROVED BY THE BOARD OF TRUSTEE5 ON:
AND SIGNED ON THEIR BEHALF BY: 06 October 2025
Rev. Harold Presl
Sisned:
The notes on pages I1- 14 form part of these financial statements
10

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2024
ACCOUNTING POLICIES
The 2ccounts are prepared under the historical cost convention with the exception of investments
which are stated at market value. They comply with the requirements of Statement of Recommended
Practice Accounting Charities ('SORP') and are in accordance with applicable accounting standards.
b. General accumulated funds are unrestrirted funds available to the church for its general purposes
and include funds desi8n2ted by the Church for a particular purpose: the use of such designated funds
remain at the discretion of the Church's Trustees.
There is no Restricted Fund at the moment
d. The governance. management and administration expenses reported in note 3 relate to the whole
of the Church's activities and a proportion of these charges are allocated to expenditure headings on
a basis consistent with the use of the re50urce5
e. Investments are stated at market value. It is the Church's policy to keep valuations up to d2te such
that when investments are sold there is no gain or loss arising to previous years.
f. Tangible assets are included at cost and depreciation is provided on a straight line basis, in order to
write off the assets over their useful lives.
g. All expenditures is accounted for on an Accrual Basis.
The depreciation rates are as follows=
Freehold Buildings
Musical Equipment
EquipmenL Fixtures and Fitrings
NIL
I OY. Straight line
l 0% Straight line
2) INCOMING RESOURCES
Unrestricted Restrirted Endowment
Total Funds
Funds
Funds
Funds
2024
2023
Tirhes and Offerings
TOTAL INCOMING
103.955
103,955
123.210
RESOURCES
103.955
103.955
123.210
IM

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDING 31 DECEMBER 2024
Unrestricted Re5trirted Endowment
Total Funds
Fund5
Funds
Funds
2024
2023
3) RESOURCES EXPENDED
3a Missionary and charitsble
givings:
3b. Activities directly relating
to the work of the church:
26,838
26.838
8,940
Church Running Expenses
Church Maintenance
68.687
68.687
60.499
2.394
2.394
1,584
Children Ministry
Youth Ministry
Evangelism
Welfare
1,383
1,383
1,360
100,662
4,140
1,360
1,588
67,811
100,662
3c. Church management and
administration-
Administration
2,702
2.702
2.702
TOTAL RESOURCES EXPENDED
103,364
103,364
79,453
12

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDING 31 DECEMBER 2024
4) FIXED ASSETS
ui
ment
Freehold Furnitures &
Buildin
Total
Cost
At O l Jan 2024
Additions:
650,000
21,522
671,522
Cost at 31 st Dec 2024
650.000
21.522
671,522
re
ate De
reciation
BIF
18,422
2.152
20,574
18,422
Charge for the year
At 3 Isc Dec 2024
2,152
20,574
Net Book Value
At 31 Dec 2024
650,000
650,000
948
650,948
653.100
At 31 Dec 2023
3,100
5 ACCUMULATED FUNDS
Accumu12ted Fund BIF
208.937
Net Movement of Fund
591
Accumulated Fund CIF
209,528
6 DEBTORS AND PREPAYMENTS
Other Debtors
Prepayment 2nd Accrued Income
7 CREDITORS AND ACCRUALS
Accountancy and Bookkeeping BIF
CharEe for the Year
550
13

FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
TOTAL INCOMING RESOURCES
CONTINUED
2024
2023
Tithes. Offering 2nd Appe21
EXPENDITURES
102.9SS
123210
. A. MISSIONARYICHARITABLE GIVING
Mission support
16,838
i 0,000
11,215
Tithes ¢0 IPHC ( British Conference)
26.838
11,215
CHURCH RUNNING ACTIVITIES
Events
9,105
6,524
10,519
5,658
Light & Heating
Fire & Alarm
Water rate5
360
350
Honorarium
500
6,000
798
Telephone expenses
Worship Ministry
Travel
742
42,950
2,122
4,950
1.434
31,473
4,300
Benevolent
Insurance
1,401
68.687
2,394
60,499
1,584
C. CHURCH MAINTENANCE
D. CHILDREN MINISTRY
E. YOUTH MINISTRY
F EVANGELISM
1,383
1,865
G WELFAREICOMMUNITY EXPENSES
Welfare & Love Offering
1,360
1,588
H ADMINISTRATION
Accountancy fee
Depreciation
550
550
2,152
2,152
2702
2,702
103,364
591
79,453
43.757
NET INCOMING (OUTGOING) RESOURCES
14