2024-12-31-accounts - United Pentecostal Church In Europe Trust

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UNITED PENTECOSTAL CHURCH IN EUROPE

Charity Registration 1086895

31 December 2024

Annual Report and Financial Statements

Tandem Accounting Limited Chartered Accountants 17 Heathville Road London N19 3AL

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report and Financial Statements 2024 Contents

	Page
Legal and administrative information	2
Annual Report of the Trustees	3
Independent Examiner's report to the Trustees	8
Statement of financial activities	9
Balance sheet	10
Notes to the financial statements	11

UNITED PENTECOSTAL CHURCH IN EUROPE

Legal and Administrative Information For the year ended 31 December 2024

Charity Name United Pentecostal Church in Europe. The Church was established on 12 March 2001. Charity Number The Church is registered with the Charity Commission with number 1086895. Affiliations The Church is affiliated to Iglesia Pentecostal Unida de Columbia (United Pentecostal Church of Colombia) which is a Colombian based organization of the Oneness Pentecostal movement. Principal Address Part 4[th] Floor South, 224-236 Walworth Road, London SE17 1JE. Governing Document Trust deed dated 12 March 2001. Objective To advance the Christian faith, to relieve persons who are in conditions of need or hardship, and to promote such other charitable purposes as the Trustees think fit. Trustees The Trustees who served during the year or who were serving at the date of this report were: Rev. Sixto Antonio Silva Mera Hector Julian Camelo Munoz Angel Cabrera Michelle Jaramillo Key Management Those in charge of planning, directing, controlling, running and operating the Charity, Personnel including those members of staff who are the senior management personnel to whom the trustees have delegated significant authority or responsibility in the day-to-day running of the charity, are the Trustees and the Church Administrator. Bankers HSBC Bank 45 Bank Street Jubilee Place Canary Wharf London E14 5NY Independent Examiner John Helm ACA Tandem Accounting 17 Heathville Road London N19 3AL

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report of the Trustees For the year ended 31 December 2024

The Trustees submit their annual report and the financial statements of United Pentecostal Church In Europe (“the Church”) for the year ended 31 December 2024. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019 (FRS102)). The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

1.1 Trustees

Trustees are appointed by a resolution of the Trustees passed by a majority of the Trustees for the time being (and not just simple majority present at a meeting when the resolution is considered).

The induction process for any newly appointed Trustee comprises an initial meeting with the existing Trustees, to give them the opportunity to explain the background and evolution of the activities of the Church and expected future developments. Those appointed normally have some prior familiarity with the activities of the Church. Information provided to prospective Trustees includes:

copies of the most recent financial statements
a copy of the Trust Deed
a copy of the Charity Commission’s guidance, ‘The Essential Trustee’
a copy of the previous year’s minutes

None of the Trustees receive remuneration for their work as Trustees.

1.2 Day to Day Management

The day-to-day management of the church is undertaken by an eldership, which includes all the Trustees. Two of the Trustees act as Secretary and Treasurer.

1.3 Church Members

Church Membership is open to those who:

have been or are willing to be baptised in the name of Jesus
accept the Statement of Faith of the Church;
commit themselves to serving Christ within the Church and beyond;
abide by the decisions of the eldership of the Church; and
acknowledge their responsibilities as Church Members;

Church Trustees share in the responsibility for the finances, administration, maintenance and activities of the church. Church Trustees meet at least 2 times per annum for business meetings.

2. Activities & Strategies

The Church is a vibrant, urban, multi-ethnic evangelical congregation with a growing membership of 340. It currently gathers across five branch locations within the London Metropolitan area: North-London (Turnpike Lane), East-London (Ilford), Central-London (Elephant & Castle), West-London (Richmond), and South-London (Croydon). Beyond London, the Church also holds services at two locations in Scotland—Falkirk and Edinburgh.

This year, as part of the church’s growing mission efforts, Brother Mario de Nubila Jr. entered the Member Undergoing Ministerial Training program in January, serving as assistant pastor to Pastor Antonio Silva in the Central-London branch. Until December, Brother Mario also assisted Pastor Antonio in the South London branch (Croydon).

On the 8th of March brother Felipe Sanchez was relieved from the Member Undergoing Ministerial Training program for an undetermined period of time. As of December 6, Pastor Antonio Silva has assumed the sole role of National Overseer of the United Pentecostal Church in Europe on a full-time basis. On the same day, Brother Ricardo Hernandez began the Member Undergoing Ministerial Training program and was installed as Pastor-in-Training at the East-London branch. The following day, Saturday, December 7, Pastor Julian Camelo was reassigned to lead the North-London branch. Finally, on Sunday, December 8, Pastor Jorge Dominguez was officially installed as the new pastor of the Central-London branch.

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report of the Trustees For the year ended 31 December 2024

The National Church now has seven pastors: four Members Undergoing Ministerial Training(Nicolas del Giudice, Mark Lamont, Mario de Nubila, Ricardo Hernandez); two with General Licenses—Pastor Julian Camelo and Pastor Jorge Dominguez—and one with Ordination Licence, Pastor Antonio Silva.

The Trustees have given due regard to the Charity Commission’s guidance on public benefit. During the year the Church continued to carry out the following activities in order to promote the Gospel in the local neighbourhood and beyond:

Saturday and Sunday Worship
Children’s activities
Youth Services
Ladies and Men’s Activities
Bible Study and Prayer meeting
Christian Counselling

3. Review of Activities

During the year 2024, some activities and events were held with the purpose of meeting various needs within the congregation.

• The Theme

For this year the theme was “Steadfast in Jesus,” inspired by Isaiah 3:5-6. The focus of this theme was to encourage believers to remain firm and unwavering in their faith, regardless of life’s challenges or uncertainties. Our objective was clear: to reaffirm our foundational core doctrines—the essential biblical truths that form the bedrock of our faith and guide our daily walk with Christ. Through teaching, worship, and fellowship, we sought to strengthen our spiritual foundations, ensuring that every believer is rooted and grounded in the unchanging truth of God’s Word.

• Annual Fellowship

On Saturday, 13 April, we held our National Fellowship at the East-London branch, hosted at Valentines High School, Ilford, under the theme “Come to the Waters” from Isaiah 55:1. Representatives from all our London-area branches gathered for a special day of worship, fellowship, and spiritual renewal. We were blessed by messages from Pastor Antonio Silva (UPCE Central London Pastor & UPCE UK Missionary) and Pastor Jorge Dominguez (UPCE North London Pastor). The event welcomed around 100 attendees, making it a memorable and uplifting occasion.

• Summer Bible School (SBS)

From Tuesday, 30 July to Friday, 2 August, the program took place under the theme “Discover the Bible” based on Hebrews 6:19. The objective was to inspire children to develop a close relationship with the Bible so that they may find and fulfil the purpose for which the Lord Jesus has saved them. The event was held simultaneously in four locations across Greater London (East London, North London, Central London, and Richmond) as well as in Falkirk, Scotland. A total of 93 children, aged 5 to 12, from our churches and the local community, gathered to deepen their understanding of the Word of God. Through singing, handicrafts, and games, they cheerfully engaged in learning while also making new friends. The program was a blessing to all involved, leaving the children encouraged to continue growing in their knowledge of God’s Word.

• Pastoral Camp

From 6 to 8 August, we held our very first Pastoral Camp under the theme “#I Am Mission.” This special retreat brought together all our pastoral families from across the UK for a time of fellowship, reflection, and spiritual renewal. Throughout the camp, our missionaries shared powerful insights on our missionary identity and purpose as servants of the Lord in this nation. It was a wonderful opportunity to strengthen relationships, exchange experiences, and be encouraged in the work of the ministry. The event took place at the scenic Bailey Mill Holiday Site in Newcastleton, near the Scottish Borders, providing the perfect setting for both rest and inspiration.

• MTC Youth Camp

The More Than Conquerors Youth Camp took place from 30 August to 1 September under the theme “Thirsty? Come and Drink,” based on John 7:37. Hosted at The Christian Adventure Centre in Gloucestershire, the event brought together around 70 young people for a weekend filled with fun activities, fellowship, and, most importantly, the opportunity to be refreshed and nourished by the Word of God. We were blessed to have as our guest speaker Brother Gerson Ramirez, IPUL Pastor in Hilltop, United States, who attended together with his family. Through this event, our desire was that the

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report of the Trustees For the year ended 31 December 2024

teenagers and youth of our church might have a personal encounter with the Lord Jesus and Jesus and develop a deep desire to experience the power of the Holy Spirit in their lives.

• Hummingbird Ladies’ Congress

The Hummingbird Ladies’ Congress took place on 5th and 6th October at the Central-London branch. This year’s theme, “The Faithful God of Peace Will Be with You,” was inspired by Philippians 4:7-9, with a special focus on the closing words of verse 9: “…practice these things, and the God of peace will be with you”. We were honoured to welcome Sister Mary Luz Marin, wife of our missionary in France, as the main speaker for this event. The congress was a great blessing, drawing a total attendance of around 130 ladies over the two days!

• Joshua Men Congress

At the same time as the Ladies’ Congress, the men held their own event on October 5th and 6th, centered around the theme “Peace Rules”, inspired by Colossians 3:15: “...And let the peace that comes from Christ rule in your hearts.”

The event aimed to inspire, equip, and motivate men to experience and live out the transforming power of God’s peace in their daily lives. We were blessed to have Pastor Ramiro Rativa, missionary in France, as our guest speaker. The congress took place at the UPCE West-London branch on Saturday and the UPCE North-London branch on Sunday, with an attendance of approximately 50 men each day.

• Family Month

During November, we celebrated Family Month with the theme “My Family, My Shelter,” inspired by Psalm 61.2-4. This theme emphasized the importance of family as a place of refuge, love, and spiritual strength, reminding us that God’s protection and guidance extend to our homes.

Throughout our weekend services on Saturdays and Sundays, we explored a series of spiritual topics designed to strengthen families in their faith and daily life:

A City to Dwell In – understanding the spiritual foundation of a God-centred home.
Home Builders – practical guidance for nurturing and leading a family in Christ.
Mending Fences – reconciliation, forgiveness, and restoring broken relationships within the family.
Building on the Rock – anchoring the family on the unshakable truth of God’s Word.

The weekend was filled with inspiring messages, heartfelt discussions, and practical applications, equipping families to become strong, united, and spiritually resilient.

• Youth Congress

13 and 14 December at Central Church with the theme “F.E.A.R”. based on 2 Timothy 1.6-7. While fear may seem like a negative emotion, our purpose was to transform it into four essential characteristics for serving the Lord: Faithful, Empowered, Anointed and Resilient) The speakers for this event were the Youth leaders: Br. Juan Pablo Izurieta, Br. Mario De Nubila and Br. Ricardo Hernández,

4. Financial Review

4.1 Financial Activity and Financial Position

The church is funded by the freewill offerings of members and others in attendance.

The Statement of Financial Activities and Balance Sheet can be found on pages 9 and 10 respectively. The Church’s reserves increased by £37,620 during the year (2023: increased by £7,200). The Balance Sheet shows total assets of £189,788 (2023: £152,168). Included in reserves are amounts totalling £51,160 (2023: £48,691) which are restricted. These monies have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed conditions.

4.2 Reserves Policy

The Trustees have examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. The Trustees consider that, given the nature of the church’s work, free reserves should be equivalent to approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the church to cope and respond to unforeseen emergencies whilst specific action plans are implemented. At 31 December 2024 the church had net free reserves of £137,500 (2023: £103,074).

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report of the Trustees For the year ended 31 December 2024

Total reserves Less: tangible fixed assets Less: restricted funds Free reserves Free reserves requirement: 6 month’s budgeted routine expenditure	2024	2023 £ 152,168 (403) (48,691)
	£

	189,788
	(1,128)
	(51,160)

		103,074
	137,500

		125,000

	150,000

4.3 Investment Policy

The Church currently invests funds in excess of immediate working capital requirements in an interest bearing bank account.

4.4 Grants Policy

The Church issues grants in response to special appeals aimed at supporting missionary efforts both within the UK and internationally. All grants are subject to an annual review and are awarded or renewed based on the recipient’s adherence to predetermined criteria established by the Church. The Church retains the right to amend or discontinue grants at its discretion, pending the outcome of these reviews.

Additionally, the Church provides discretionary benevolent gifts (also referred to as “love gifts”), which may be issued anonymously. These gifts are granted at the sole discretion of the trustees and/or pastors and are intended to assist individuals facing financial hardship or other needs, both within and outside the Church fellowship.

5. Plans for Future Periods

Looking ahead, we are committed to continue extending our mission beyond the London Metropolitan Area by establishing new churches across the United Kingdom. Our focus will be on equipping and training new pastors and church leaders, providing them with the spiritual and practical tools needed to guide growing congregations effectively.

Our objective is to ensure that the message of Christ reaches communities that have yet to be reached. With God’s guidance, we are dedicated to bringing the Gospel to every corner of the UK and fulfilling our call to make disciples throughout the nation.

6. Responsibilities of Trustees for the Financial Statements

The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period.

In preparing those financial statements, the Trustees is required to:

select suitable accounting policies and apply them consistently;
observe the methods and principles of the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the charity will continue.

UNITED PENTECOSTAL CHURCH IN EUROPE

Annual Report of the Trustees For the year ended 31 December 2024

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The Trustees are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees is responsible for the maintenance and integrity of the Church and financial information included in the Church’s website.

7. Approval

The report of the Trustees was approved by the Trustees on 25 November 2025 and signed on its behalf by:

Angel Cabrera Trustee

UNITED PENTECOSTAL CHURCH IN EUROPE

Report of the Independent Examiner to the Trustees of United Pentecostal Church in Europe

I report on the financial statements of United Pentecostal Church In Europe for the year ended 31 December 2024, set out on pages 9 to 16.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (“the Act”). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trust and the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Trustees considers that an audit is not required for this year (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under section 145 of the Act);
To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and
To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination 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 I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the church as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Helm ACA 25 November 2025

UNITED PENTECOSTAL CHURCH IN EUROPE

Statement of Financial Activities For the year ended 31 December 2024

Unrestricted Funds 2024 £ 279,701 1,552		Unrestricted Funds 2023 £ 260,597 868
	Total
	2024
	£

	328,044
	1,552

281,253		261,465
	329,596

2,340 243,762 246,102 35,151 - 35,151 103,477 138,628		1,153 252,566

	2,634
	289,342

		253,719
	291,976

		7,746
	37,620

		12
	-

		7,758 95,719
	37,620

	152,168

		103,477
	189,788

UNITED PENTECOSTAL CHURCH IN EUROPE

Balance Sheet As at 31 December 2024

		Unrestricted	Restricted
		Funds	Funds	Total	Total
	Note	2024	2024	2024	2023
		£	£	£	£
Fixed Assets
Tangible Assets	6	1,128	-	1,128	403
Current Assets
Debtors	7	91,311	-	91,311	56,671
Cash At Bank And In Hand		59,067	51,160	110,227	99,829
		150,378	51,160	201,538	156,500
Creditors - Amounts Falling Due
Within One Year	8	12,878	-	12,878	4,735
Net Current Assets		137,500	51,160	188,660	151,765
Net Assets		138,628	51,160	189,788	152,168
Represented By:
Restricted Income Funds	9	-	51,160	51,160	48,691
Unrestricted Income Funds		138,628	-	138,628	103,477
Total Funds		138,628	51,160	189,788	152,168

The financial statements were approved by the Trustees on 25 November 2025 and signed on its behalf by:

Hector Julian Camelo Munoz Trustee

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

1. Accounting Policies

The United Pentecostal Church in Europe is a charity. The registered office address is Part 4[th] Floor South, 224-236 Walworth Road, London SE17 1JE.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP 2019 (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting.

The financial statements include all transactions, assets and liabilities for which the Trustees are responsible in law. They do not include the accounts of church groups that owe an affiliation to another body or those that are informal gatherings of church members.

The Church meets the definition of a public benefit entity under FRS 102.

Going Concern

The Church is a going concern. Taking into account reserves and anticipated recurring income, the Trustees are confident that the Church remains a going concern for at least twelve months from the date of approval of these accounts.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the Church has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Church; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value.

Expenditure included in Raising Funds includes amounts incurred mainly in generating Gift Aid income.

Charitable expenditure includes those costs in fulfilling the Church’s principal objects, as outlined in the Report of the Trustees. These include grants made, governance costs and support costs. Governance costs comprise all costs involving the public accountability of the Church and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

The Church is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the Statement of Financial Activities on a straight-line basis over the minimum lease term.

Tangible Fixed Assets

The cost of furniture, fittings and equipment, less any expected residual value, is depreciated on a straight-line basis over the effective useful life of the asset, which has been estimated as four years.

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

1. Accounting Policies (continued)

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Fund accounting

The funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2. Income

Donations & legacies Offerings and donations Grants Income tax reclaimed Investments Bank Interest 3. Expenditure – Raising Funds Cost of raising funds Stationery	Unrestricted Funds 2024 £ 250,062 - 29,639 279,701 1,552 281,253 Unrestricted Funds 2024 £ 2,334 6 2,340	Restricted Funds 2024 £ 45,659 2,684 - 48,343 - 48,343 Restricted Funds 2024 £ 113 181 294
				Total
				2024
				£

				295,721
				2,684
				29,639

				328,044

				1,552

				329,596



				Total
				2024
				£

				2,447
				187

				2,634

3. Expenditure – Raising Funds

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

4. Expenditure on Charitable Activities

People – staff and volunteers Church Life & Outreach Giving Office Costs Provision of church building and facilities Governance	Unrestricted Funds 2024 £ 79,224 27,900 339 3,601 130,958 1,740 243,762	Restricted Funds 2024 £ 36,867 6,882 1,175 380 276 - 45,580		Total 2023 £ 137,038 36,598 2,605 4,603 127,299 1,500
			Total
			2024
			£

			116,091
			34,782
			1,514
			3,981
			131,234
			1,740

				309,643
			289,342

4a. Staff costs

Included within Expenditure on Charitable Activities are the following staff costs:

Unrestricted Funds 2024 £ Restricted Funds 2024 £ Wages and salaries 70,309 22,890 Employers National Insurance 5,082 269 Employer Allowance (4,754) (246) Pension contributions 1,384 331 72,021 23,244 Of which the following gross salaries were paid to Key Management Personnel 59,254 -				Total 2023 £ 82,087 4,875 (4,875) 1,269 83,356 55,119
		Total
		2024
		£

		93,199
		5,351
		(5,000)
		1,715

		95,265


		59,254

The number of employees during the year was 7 (2023: 6), being 3 (2023: 3) full time ministers and 4 (2023: 3) parttime ministers. No employee received emoluments in excess of £60,000 during the year.

4b. Trustee Expenses

The expenses of 2 (2023: 2) trustees amounting to £6,539 (2023: £6,195) in relation to communications, training, travel and subsistence, incurred on church business, were met during the year.

5. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging: Operating lease rentals Depreciation of owned assets Independent examiner fee		2024		2023 £ 51,833 150 1,500
		£

		50,000
		187
		1,740

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

6. Tangible Fixed Assets

	Fixtures,
	fittings &
	Equipment
	£
Cost
At 1 January 2024	12,069
Additions	912
Disposals	-
At 31 December 2024	12,981
Depreciation
At 1 January 2024	11,666
Charge For Year	187
Disposals	-
At 31 December 2024	11,853
Net Book Value
At 31 December 2024	1,128
At 31 December 2023	403

All of the fixed assets are used for charitable purposes.

7. Debtors

Rent deposit Gift Aid Receivable Prepayments Other debtors		2024		2023 £ 15,263 22,803 - 18,605
		£

		15,263
		52,442
		705
		22,901

				56,671
		91,311

8. Creditors – Amounts Falling Due Within One Year

Other creditors including taxation and social security Accruals		2024		2023 £ 1,535 3,200
		£

		10,838
		2,040

				4,735
		12,878

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

9. Restricted Funds

At 1 January 2024 £ 27,043 21,648 48,691	At 31	At 31
	December
		2024
		£

		27,608
		23,552


		51,160


At 1 January 2023 £ 27,043 12 22,194 49,249		At 31
	December
		2023
		£

		27,043
		0
		21,648


		48,691

The main restricted funds and their uses are as follows:

The Temple Fund was established several years ago to provide funds for the purchase of a new temple in the future.

The Mission Fund is funded by specific donations towards the work of missionaries and missionary organisations both home and abroad.

European Commission Fund is funded by the United Pentecostal Church of Colombia in respect of costs incurred by the church in respect of the establishment of the international church fellowship (International Fellowship of Oneness Pentecostal Churches).

10. Operating Lease Commitments

As at 31 December 2024 the following operating lease payments are committed to be paid within the following time frames:

Within one year Between two and five years		2024		2023 £ 50,000 133,333
		£

		50,000
		83,333

				183,333
		133,333

UNITED PENTECOSTAL CHURCH IN EUROPE

Notes to the Financial Statements For the year ended 31 December 2024

11. Related Party Transactions

Rev Antonio Silva, a trustee, received remuneration of £35,214 (2023: £32,000) in his employed capacity as pastor. Rev Silva resides in a manse property that is jointly owned, 25% by Rev Silva and 75% by the landlord. The church meets 100% of the rent payable to the landlord in respect of the landlord’s share of ownership.

During 2023, payments totaling £20,448 were made by the church in connection with the purchase of a car registered in Rev Silva’s name. These payments were originally accounted for as gifts but were, in substance, repayable amounts. The entries have been corrected in these financial statements by reclassifying them as a loan to the trustee. The loan is interest-free and unsecured. The balance outstanding at 31 December 2024 was £10,700, which has been fully repaid as at the date of approval of these financial statements. The trustees have noted that the governing document does not expressly provide for loans to trustees and are seeking retrospective authority from the Charity Commission under section 105 of the Charities Act 2011 to regularise the arrangement. No other trustees were party to, or benefited from, the transaction.

Rev Silva is also a director of International Fellowship of Oneness Pentecostal Churches (company registration number 10106247). At 31 December 2024, the church was owed £11,505 (2023: £11,497) by that company for expenditure incurred on its behalf.

Hector Julian Camelo Munoz, a trustee, received remuneration of £12,999 (2023: £12,999) in his employed capacity of pastor. Hector Julian Camelo Munoz received a loan of £180 granted for the purpose of covering training expenses with the PBIE (Pentecostal Bible Institute in Europe), this was granted interest free and repayable from January 2025. Yvette Torres, the spouse of Rev Antonio Silva, received remuneration of £11,040 (2023: £10,120) in her employed capacity of Church Administrator.

During the year Trustees gave a total of £14,599 (2023: £15,095) in unrestricted offerings and donations.

12. Post Balance Sheet Events

On 26 June 2025, the charity entered a commitment to renew the roof of the building it leases, at a cost of £21,599. As this event occurred after the reporting date and does not relate to conditions existing at 31 December 2024, it has not been recognised in these financial statements.