CHARITY REGISTRATION NUMBER 1054299
Pneuma Christian Centre Trust
Financial Statements For The Year Ended 31 March 2023
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 2023
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 2023
| 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 |
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Pneuma Christian Centre Trust
Trustees report for the year ended 31 March 2023
The Trustees present their report with the accounts for the year ended 31 March 2023 which are set out on the annexed pages.
Objectives and Policies
The Objectives of the Charity are to:
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a) advance the Christian Faith by Ministering the Word of God
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b) relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby .
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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:
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Worship and prayer; learning about the Gospel and developing their knowledge and trust in Jesus
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Provision of pastoral care for people within the church
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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
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Pneuma Christian Centre Trust
Trustees report for the year ended 31 March 2023
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.
In person service now in full swing, but disappointingly low numbers during Sunday service as some church members have given preference to online service. We had a number of initiatives to bring the community together for example we organised a games night for the youth and and a day trip to Southend-on-Sea.
Future developments
In the coming year we will launch a new 'uniform for schools' project were we will select a local school and donate school uniforms at the start of each term. We will also be supporting two local homeless shelters with food items and clothing items. In a bid to reach out to the local community we will be hosting a free lunch time BBQ during the summer.
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 2024
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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 2023 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:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures specified in general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and
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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:
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1) Which gives us reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act;
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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 2024
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Pneuma Christian Centre Trust Statement of Financial Activities for the year ended 31 March 2023
| Incoming Resources Donations Activities for generating funds Total Incoming Resources Resources Expended Charitable activities Personnel Cost Motor Expenses Printing, stationery & postages Community Mission Overseas Mission Donations Telephone & Fax 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 2023 £ £ £ 77,510 4,800 82,310 - - - 77,510 4,800 82,310 2,390 - 2,390 - - - 263 263 4,706 - 4,706 1,303 - 1,303 2,080 - 2,080 1,263 - 1,263 38,373 - 38,373 5,827 - 5,827 5,696 - 5,696 3,700 - 3,700 2,868 - 2,868 68,469 - 68,469 600 - 600 - - - 7 - 7 607 - 607 69,076 - 69,076 8,434 4,800 13,234 - - - 8,434 4,800 13,234 126,762 5,618 132,380 135,196 10,418 145,614 |
2022 £ 80,483 4,404 |
|---|---|---|---|
| 1 6 1 2 1 |
|||
| 84,887 | |||
| 2,030 116 25 600 - 3,495 1,768 26,194 376 4,630 750 3,337 |
|||
| 43,321 | |||
| 600 850 - |
|||
| 1,450 | |||
| 44,771 | |||
| 40,116 - |
|||
| 40,116 92,264 |
|||
| 132,380 |
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Pneuma Christian Centre Trust Balance Sheet as at 31 March 2023
| 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 |
2023 £ 11,474 39,594 108,714 148,308 (14,168) 134,140 145,614 135,196 10,418 145,614 |
2022 £ 13,348 44,474 88,626 133,100 (14,068) 119,032 132,380 126,762 5,618 132,380 |
2022 £ 13,348 44,474 88,626 133,100 (14,068) 119,032 132,380 126,762 5,618 132,380 |
|---|---|---|---|
| 132,380 | |||
| 126,762 5,618 |
|||
| 132,380 |
These financial statements were approved by the Trustees on 31 January 2024 & signed on their behalf by:
Pastor Eric Brown Trustee
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Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2023
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 2023 on the same terms. The non-cancelable commitment falling due within 1 year amounted to £28,000; within 2-5 years amounted to £28,000. The increase in rental cost was as a result of resumption of use of the property following the covid 19 lockdown period. The charity is only liable to make rental payments for actual usage of the property.
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Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2023
2 Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 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 £ 38,902 994 39,896 26,133 2,753 28,886 11,010 12,769 |
Fixtures & Fittings £ 3,622 - 3,622 3,043 115 3,158 464 579 2023 £ 3,850 26,744 9,000 39,594 - 39,594 2023 £ 4,500 6,275 2,200 700 443 50 14,168 |
Total £ 42,524 994 |
|---|---|---|---|
| 43,518 | |||
| 29,176 2,868 |
|||
| 32,044 | |||
| 11,474 | |||
| 13,348 | |||
| 2022 £ 3,850 31,624 9,000 |
|||
| 44,474 | |||
| - | |||
| 44,474 | |||
| 2022 £ 4,500 6,275 2,200 600 443 50 |
|||
| 14,068 |
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Pneuma Christian Centre Trust Notes to the Accounts for the year ended 31 March 2023
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 2023 |
Unrestricted Funds £ 11,010 464 11,474 39,594 98,296 137,890 (14,168) 135,196 |
Restricted Funds £ - - - - 10,418 10,418 - 10,418 |
Total £ 11,010 464 |
| 11,474 39,594 108,714 |
|||
| 148,308 (14,168) |
|||
| 145,614 |
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.
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