2024-12-31-accounts

AOG PENTECOSTAL CHURCH - CATFORD

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CHARITY NUMBER 1054389

Blackman’s Accounting & Bookkeeping Services 55A Lavender Avenue, Mitcham, Surrey. CR4 3HL Tel: [phone] Email: [e-mail]

AOG PENTECOSTAL CHURCH - CATFORD

Report of the Trustees for the year Ended 31/12/24 together with the Financial Statements of the Charity

1). Reference and Administrative details Charity Number 1054389

Principal Office

Independent Examiner: Blackman's Accounting & Bookkeeping Services

Bankers:

Natwest Bank Plc Kingdom Bank Limited Solicitors:

Trustees:

The Trustees serving during the year and since the year end were: Rev. Dr Steve Armah, Lunga Sazinge and Curine Rowe

Structure, Governance and Management:

a). Governing document

b). Appointment of Trusties

c). Trusties Induction and Training (if applicable)

d). Organisation: The board of trustees can be up to 45 members. The frequency of the board meeting. Appointment of the Chief Executive by the board to run the day-to-day operations of the church. To facilitate effective operations, the Pastor or Chief Executive has delegated authority within terms of delegation approved by the trustees, for operational matters including finance, employment and other activity of the church. e). Risk Management, if any

2). Objectives and Activities:

a). Set out what are the objectives of the church: THE ADVANCEMENT OF THE CHRISTIAN RELIGION BY THE PROCLAMATION AND FURTHERANCE OF THE GOSPEL OF GOD.

b). The strategies employed to achieve the charity's objectives.

3). Achievements and Performance:

4). Financial Review:

It was mentioned that £120.00 cash was in hand at 31/12/2024.

5). Plans for Future Periods:

6). Trustees' Responsibilities in Relation to the Financial Statements

Auditors:

A resolution will be proposed at the Annual General Meeting to appoint an Accountant for the ensuring year. By Order of the Trustees:

Rev. Dr. Steve Armah Curine Rowe

Lunga Sazinge

Catford Assemblies of God Pentecostal Church

Statement of Income and Expenditure for the year ended 31 December 2024

			2024	2024		2023
		Unrestricted	Restricted		Total
	Notes	Funds	Funds		Funds	Total Funds
Income Resources
Income Resources from Generated Funds
Voluntary Income
Tithes and Offerings	4	28,365		-	28,365	20,248
Donations - Cash	5	-		-	-	-
Good Friday Event	5	454		-	454	-
Burmese Church	4	1,200			1,200	1,100
Building Funds	4	-		7,626	7,626
Good to Give Tax Refund	5	3,611		-	3,611	2,458
		33,630	7,626		41,256	23,806
Investment Income
Interest from Deposit Account	7	328	-		328	333
Income Resources from Charitable Activities
Camp Meeting		-		-	-	-
Youth Camp		-		-	-	-
		-		-	-	-
Other Income
Rental Income		-		-	-	-
		-		-	-	-
Total Resources Generated from	Charity	33,956		7,626	41,583	24,139
Resources Expended
Charitable Activities
Camp Meeting
Youth Camp
Furthering of the Gospel	8	28,104		-	28,104	29,865
Relief		-		-	-	-
Total Resources Expended		28,104	-		28,104	29,865
Governance Costs
Audit Fees/Accountancy Fees	8	425	-		425	175
Other Resources Expended
Depreciation		-		-	-	-
		-		-	-	-
Total Resources Expended		28,529	-		28,529	30,040
Net Movement for the Year		5,429		7,626	13,055	5,901
	Catford Assemblies of God Pentecostal Church
	Notes to the Accounts for the year ended 31 December			2024

1. Accounting Policies

a) Basis of Preparation

The financial statements have been prepared under historic cost convention, with exception for investments which are included at market value. The financial statements have been prepared in accordance with the statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 applicable to UK Accounting Standards and the Companies Act 1985. The principal accounting policies adopted in the preparation of the financial statements are set out below.

b) Incoming Resources

Voluntary income - donations, tithes and offerings that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount be measured with sufficient reliability. Such income is only deferred when:

i) The donor specifies that the donations must only be used in the future accounting periods; or ii) The donor has imposed a specific object for which the donation can be used for instant building fund, evangelism, visiting minister.

c) Volunteers and donated services and facilities

The value of services provided by the volunteers is not incorporated into these financial statements. Where services are provided to the Church as a donation, that would normally be purchased from our suppliers, this contribution is equally not included in the financial statements.

d) Resources Expended

Expenditure is recognised when a liability is incurred:

i) Governance Costs include those incurred in governance of the church and its assets and are primarily associated with constitutional and statutory requirements.

ii) Charitable activities include expenditure associated with evangelism, staging concerts, running youth camps, camp meetings and youth club for Christ and running the School of Ministry for Children.

e) Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs to the category. Irrecoverable VAT is charged against category of resources expended for which it was incurred.

f) Tangible Fixed Assets

Individual fixed assets costing £300 or more are capitalised at cost. Tangible Assets are depreciated on a straight-line basis over their estimated useful lives as follows:

over their estimated useful lives as follows:
Asset Category	Annual Rate
Long Leasehold Buildings	2%
Plant, Equipment	20%
Pianos and Organ	20%

g) Funding Structure

The Church has a few restricted income funds to account for situations where the members require that donations be spent on particular purposes or where fund had been raised for specific purposes. Included in the account for the year ended 31 December 2020 of £0 00. All other funds are unrestricted income funds.

2). Legal Status of the Church

The Church is a company limited by Guarantees and has no share capital.

3). Financial Activities of the Church

Summary of the financial activities undertaken by the church is set out below

4. Tithes and Offerings

				Total
	General	Designated		Unrestricted	Restricted	Total
	£	£		£	£	£
Offering & Tithes	28,365	-		28,365	-	28,365
Concert	-	-		-	-	-
Sunday School	-	-		-	-	-
Building Funds	-	-		-	7,626	7,626
Burmese Church	1,200	-		1,200	-	1,200
Other Income	-	-		-	-	-
	29,565	-		29,565	7,626	37,191
5). Donations
Good to Give Tax Refund	3,611			3,611	-	3,611
Donations - Cash	-			-	-	-
Good Friday Event	454			454	-	454
	4,065	-		4,065	-	4,065
6). Gift Aid Refund
Refund from HM Revenue & Customs	-	-		-	-	-
	-	-		-	-	-
7). Investment Income
Interest from Bank Deposit	328	-		328	-	328
	328	-		328	-	328
8). Furtherance of the Gospel
Pastor (Lunga) Services	13,000	-		13,000	-	13,000
Contribution to Funeral and New
Birth	632	-		632	-	632
British Gas	2,066	-		2,066	-	2,066
British Gas (CARE)	750	-		750	-	750
British Gas (ELEC)	2,058	-		2,058	-	2,058
British Telecoms	296	-		296	-	296
Thames Water	234	-		234	-	234
Visiting Speakers	1,619	-		1,619	-	1,619
Kingdom Bank Ltd - Insurance	1,305	-		1,305	-	1,305
Accountant	425	-		425	-	425
Repairs and Maintenance to Building	422	-		422	-	422
CCLI (Copyright) - Licence	-	-		-	-	-
AOG Other Expenses	3,614	-		3,614	-	3,614
Good to Give Fees	-	-		-	-	-
Admin Expenses	1,300	-		1,300	-	1,300
Meetings and Conferences	760	-		760	-	760
Currys - Warranty	48	-		48	-	48
	28,529	-		28,529	-	28,529
Excess Income Over Expenditure	5,429		0	5,429	7,626	13,055

Catford Assemblies of God Pentecostal Church

Statement of Income and Expenditure for the year ended 31 December 2024

	Income		Expenditure
	Receipts		Payments
Natwest A/C # 87524430 - 01/01/24		6,660	Pastor (Lunga) Services	13,000
Natwest Special Needs A/C #	11516224 - 01/01/24	1,553	Contribution to Funeral and New Birth	632
Natwest A/C # 87524236 - 01/01/24		300	British Gas	2,066
Balance in Kingdom Bank A/C # 1001-00177-6 - 01/01/24		6,896	British Gas (CARE)	750
Balance in Kingdom Bank A/C # 7901-00522-8 - 01/01/24		7,245	British Gas (ELEC)	2,058
Offering and Tithes		28,365	Vodafone & EE Limited- Telephone	296
Good to Give Tax Refund		3,611	Thames Water	234
Donations - Cash		0	Visiting Speakers	1,619
Interest from Bank Accounts		328	Kingdom Bank Ltd - Insurance	1,305
Good Friday Event		454	Accountant	425
Burmese Church		1,200	Repairs and Maintenance to Building	422
Building Funds		7,626	CCLI (Copyright) - Licence	0
			AOG Other Expenses	3,614
			Admin Expenses	1,300
			Meetings and Conferences	760
			Currys - Warranty	48
			Cash Balance - 31/12/24	120
			Balance in Natwest A/C - 31/12/24	14,525
			Special Needs A/C - 31/12/24	1,392
			Balance in Natwest A/C - 31/12/24	300
			Balance in Kingdom Bank A/C - 31/12/24	7,014
			Balance in Kingdom Bank A/C - 31/12/24	8,538
		64,238		60,418
				3,820

	64,238
Opening Balance
Cash Balance - 01/01/24	0
Natwest A/C # 87524430 - 01/01/24	6,660
Natwest Special Needs A/C # 1151622 - 01/01/24	1,553
Natwest A/C # 87524236 - 01/01/24	300
Balance in Kingdom Bank A/C # 1001-00177-6 - 01/01/24	6,896
Balance in Kingdom Bank A/C # 7901-00522-8 - 01/01/24	7,245
		22,655
Add Receipts
Offering and Tithes	28,365
Good to Give Tax Refund	3,611
Donations	0
Interest from Bank Accounts	328
Thanks giving	454
Burmese Church	1,200
Building Funds	7,626
		41,583
Funds Available		64,238
Less:
Payments		28,529

Balance at 31/12/22

35,709

Balance Per Bank Statements Cash Balance - 31/12/24 Balance in Natwest A/C 87524430 - 31/12/24 Special Needs A/C 11516224 - 31/12/24 Balance in Natwest A/C 87524236 - 31/12/24 Balance in Kingdom Bank A/C 1001-00177-6 - 31/12/24 Balance in Kingdom Bank A/C 7901-00522-8 - 31/12/24 Add: Amount Advanced Less: Trustee Curine Rowe (Replaced Cheque # 001139) Balance at 31/12/23 Difference	120 14,525 1,392 300 7,014 8,538	31,890
	31,890 0
		3,820

Catford Assemblies of God Pentecostal Church

Statement of Income and Expenditure for the year ended 31 December 2024

Income Receipts Offering and Tithes Good to Give Tax Refund Donations - Cash Interest from Bank Accounts Good Friday Event Burmese Church Building Funds	Expenditure Payments 28,365 Pastor (Lunga) Services 3,611 Contribution to Funeral and New Birth 0 British Gas 328 British Gas (CARE) 454 British Gas (ELEC) 1,200 British Telecoms 7,626 Thames Water Visiting Speakers Kingdom Bank Ltd - Insurance Accountant Repairs and Maintenance to Building CCLI (Copyright) - Licence AOG Other Expenses Admin Expenses Meetings and Conferences Currys - Warranty Excess Income Over Expenditure 41,583	13,000 632 2,066 750 2,058 296 234 1,619 1,305 425 422 0 3,614 1,300 760 48 13,055
		41,583