## **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: 07904615046 Email: egbertblackman@yahoo.com** **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|