**CHARITY REGISTRATION NUMBER 1054299**
Pneuma Christian Centre Trust
**Financial Statements For The Year Ended 31 March 2021**
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
**Pneuma Christian Centre Trust**
## **Financial Statements For The Year Ended 31 March 2021**
## **Contents**
||**Page**|
|---|---|
|Reference and administrative details|1|
|Trustees report|2 - 3|
|Chartered Accountants' report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the accounts|7 - 9|
**Pneuma Christian Centre Trust Reference and adminstrative details For the year ended 31 March 2021**
|**Status**|The charity is constituted as an unincorporated body|
|---|---|
|**Governing document**|The charity is established under a model trust deed|
|**Charity registration**|1054299|
|**Principal address**|Unit 1, First Floor|
||87 Beddington Lane|
||Croydon|
||Surrey CR0 4TD|
|**Trustees**|Mr Eric Ezekiel Brown|
||Mr Austin Obuaya|
|**Bankers**|Metro Bank|
||One Southampton Row|
||London|
||WC1B 5HA|
|**Independent examiner**|Raywin P-Cole & Co Ltd|
||Chartered Certified Accountants|
||ACCA Registered Firm|
||131 Tivoli Road|
||West Norwood|
||London SE27 0EE|
1
**Pneuma Christian Centre Trust**
## **Trustees report for the year ended 31 March 2021**
The Trustees present their report with the accounts for the year ended 31 March 2021 which are set out on the annexed pages.
## **Objectives and Policies**
The Objectives of the Charity are to:
- a) advance the Christian Faith by Ministering the Word of God
- b) relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby .
- c) advance education in accordance with Christian principles
Pnuema Christian Centre Trust is committed to enabling as many people as possible to worship at our church and to become part of our worshiping community . The trustees maintain an overview of worship throughout the community and makes suggestions on how our services can involve the many groups who live within the community . Our worship & services put faith into practice through prayer & scripture, music & sacrament.
When planning our activities for the year, the trustees have considered the Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our worshiping community through:
- Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus
- Provision of pastoral care for people within the church
- Missionary and outreach work
## **Trustees**
The Trustees who served during the year and at the date of this report are:
Mr Eric Ezekiel Brown Mr Austin Obuaya
2
**Pneuma Christian Centre Trust**
## **Trustees report for the year ended 31 March 2021**
## **Review of past activities**
The church continued to support the youth ministry in activities where they could showcase their talents in music, poetry, drama etc.
As in previous year we visited homes within the local community particularly within the Beddington Lane area were we gave gifts i.e. Easter eggs during Easter and Christmas hampers over Christmas and offer help if required.
We also donated food items to Mitcham food bank centres and members volunteered to help at the collection centres;
Our away day organised for the Charity to develop members spiritually and reinforcing our motto where hearts are challenged to reach the lost and love is seen in action.
## **Future developments**
Due to COVID 19 we anticipate meeting at the church premises for our weekly activities will be suspended for a period of time and there will be the need move some activities online. This will however have an impact on our activities within the local community. We will be monitoring the situation very closely – making the appropriate changes when required.
The board of trustees of 2 members, meet half yearly, administers the charity in consultation with the administrative board of the church. There are subcommittees covering the spiritual development, membership & welfare, finance & administration. The finance & administration subcommittee is charged with the management of the daily operations of the charity.
## **Pneuma Christian Centre Trust**
The Charity has the policy of diversifying its funding base. To this end the income of the charity is derived from general offerings from the members, mission conference donations and donations from the general public and mission partners.
Financial policies are in place to ensure the prevention and detection of fraud and other irregularities.
The board of trustees receive regular financial reports to enable them to monitor the charity's income and expenditure thus keeping them up to date with the Church's financial position.
Mr Eric Ezekiel Brown Trustee 31 January 2022
3
**Pneuma Christian Centre Trust**
## **Independent Examiner's Report to the Trustees and Members**
We report on the accounts of the Trust for the year ended 31 March 2021 which are set out on the annexed pages.
## **Respective Responsibilities of the Trustees and Examiner**
The Trustees of the Charity are responsible for the preparation of the accounts; and consider that the audit requirement of section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed. It is our responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures specified in general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
- to state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Report**
Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention:
- 1) Which gives us reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act;
- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met;
or
- 2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## _**Raywin P-Cole & Co Ltd**_
_Chartered Certified Accountants ACCA Registered Firm 131 Tivoli Road, West Norwood London SE27 0EE_
> 31 January 2022
4
## **Pneuma Christian Centre Trust Statement of Financial Activities for the year ended 31 March 2021**
|**Incoming Resources**
Donations
**Resources Expended**
**_Charitable activities_**
Personnel Cost
Motor Expenses
Printing, stationery & postages
Community Mission
Overseas/Mission
Donations
Telephone & Fax
Light & Heat
Church Rent & Rates
Insurance
Development Programme
Welfare
Depreciation
**_Governance costs_**
Accountancy
Legal & Professional Fees
Bank Charges
**_Total Resources Expended_**
**Net incoming resources**
Transfers between funds
**Net movement in funds**
**Total funds brought forward**
**_Total funds carried forward_**|**Notes**|**Unrestricted Restricted**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
51,601
-
51,601
1,800
-
1,800
-
-
-
915
915
-
-
-
7
-
7
5,429
-
5,429
1,104
-
1,104
91
-
91
21,502
-
21,502
2,880
-
2,880
3,692
-
3,692
828
-
828
1,671
-
1,671
**39,919**
**-**
**39,919**
550
-
550
400
-
400
-
-
-
**950**
**-**
**950**
**40,869**
**-**
**40,869**
**10,732**
**-**
**10,732**
-
-
-
**10,732**
**-**
**10,732**
75,914
5,618
81,532
**86,646**
**5,618**
**92,264**|**2020**
**£**
65,626
2,400
114
692
1,375
1,382
4,035
977
3,000
18,485
4,273
7,716
250
854|
|---|---|---|---|
||**6**
**1**
**2**
**1**|||
||||**45,553**|
||||500
862
117|
||||**1,479**|
|||||
||||**47,032**|
||||**18,594**
-|
||||**18,594**
62,938|
||||**81,532**|
5
## **Pneuma Christian Centre Trust Balance Sheet as at 31 March 2021**
|**Notes**
**Fixed assets**
Tangible assets
**2**
**Current assets**
Debtors and prepayments
**3**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
**4**
**Net current assets**
**Net assets**
**Funds of the charity**
Unrestricted funds
Restricted funds
**_Total funds_**|**2021**
**£**
6,684
39,974
60,124
**100,098**
(14,518)
85,580
**92,264**
86,646
5,618
**92,264**|**2020**
**£**
3,418
33,724
58,356
**92,080**
(13,966)
78,114
**81,532**
75,914
5,618
**81,532**|**2020**
**£**
3,418
33,724
58,356
**92,080**
(13,966)
78,114
**81,532**
75,914
5,618
**81,532**|
|---|---|---|---|
|||||
||||**81,532**|
||||75,914
5,618|
||||**81,532**|
These financial statements were approved by the Trustees on 31 January 2022 & signed on their behalf by:
-
Pastor Eric Brown Trustee
6
**Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities and Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities".
## _**Incoming resources**_
Unrestricted Income comprises donations and is recognised on receipt basis. Restricted Income relates to donations specifically raised for the purchase of land & buildings and is recognised on receipt basis. However, the donors have agreed that that once the primary purpose has been satisfied, any surplus funds remaining will be used for the running of the Charity's ordinary activities.
## _**Depreciation**_
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful lives based on reducing balance method.
Equipments 20% Fixtures & Fittings 20%
## _**Resources Expended**_
## **Charitable Activities**
These comprise all expenditure directly relating to the objects of the Charity. Support costs are an integral part of the expenses incurred in carrying out those charitable activities, which the Charity was established to perform.
## _**Governance Costs**_
Governance costs comprise the costs of running the charity, including strategic planning for its future development, also includes accountancy & legal fees and all costs relating to consnstitutional and statutory compliance.
## _**Church Rent & Rates**_
The existing operating lease agreement was renewed in December 2020 on the same terms. The non-cancelable commitment falling due within 1 year amounted to £18,000; within 2-5 years amounted to £18,000. The significant reduction in rental cost was as a result of non use of the property during the covid 19 lockdown period. The charity is only liable to make rental payments for actual usage of the property.
7
## **Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2021**
## **2 Tangible fixed assets**
|**Cost**
**At 1 April 2020**
Additions
**At 31 March 2021**
**Depreciation**
**At 1 April 2020**
Charge for the year
**At 31 March 2021**
**Net book value**
**At 31 March 2021**
**At 31 March 2020**
**3**
**Debtors and prepayments**
**Debtors**
Other debtors
Sundry
HMRC gift aid reclaim
**Prepayments**
**4**
**Creditors: amounts falling due within one year**
Rent
Light & heat
Building insurance
Accountancy
Other creditors
Other taxes and social security costs|**Equipments**
**£**
24,792
4,109
28,901
21,451
1,490
22,941
5,960
3,341|**Fixtures &**
**Fittings**
**£**
2,794
828
3,622
2,717
181
2,898
724
77
**2021**
**£**
3,850
27,124
9,000
**39,974**
**-**
**39,974**
**2021**
**£**
4,500
6,275
2,200
1,050
443
50
**14,518**|**Total**
**£**
27,586
4,937|
|---|---|---|---|
||||32,523|
||||24,168
1,671|
||||25,839|
||||6,684|
||||3,418|
||||**2020**
**£**
-
24,724
9,000|
||||**33,724**|
|||||
||||**-**|
|||||
||||**33,724**|
||||**2020**
**£**
4,500
6,275
2,200
500
441
50|
||||**13,966**|
8
## **Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2021**
## **5 Analysis of net assets between funds**
|**Analysis of net assets between funds**||||
|---|---|---|---|
|Equipments
Fixtures & fittings
**Current assets**
Debtors & prepayments
Cash at bank and in hand
**Creditors: amounts falling due after one year**
**At 31 March 2021**|**Unrestricted**
**Funds**
**£**
5,960
724
6,684
39,974
54,506
94,480
(14,518)
**86,646**|**Restricted**
**Funds**
**£**
-
-
-
-
5,618
5,618
-
**5,618**|**Total**
**£**
5,960
724|
||||6,684
39,974
60,124|
||||100,098
(14,518)|
||||**92,264**|
## **6 Personnel costs**
Personnel cost represents an allowance given to part-time admin officer. Other than that, no remuneration was paid to any of the trustees and their expenses also not borne by the Trust.
9