THE PENTECOSTAL CHURCH OF MANGEMBO
FINANCIAL STATEMENTS
31[ST] MARCH 2024
Charity Number - 1102626
THE PENTECOSTAL CHRUCH OF MANGEMBO
Trustees
Rev Augustin Ngenga MBONA
Mr. Julien MALUNDAMA
Mr. Nduami BUNI
Ms Marie LENDJE
Mr. Eben Ezer MBONA
Minister in Charge
Rev Augustin Ngenga MBONA
Charity number 1102626
Registered address:
25 Denyer House Highgate Road NW5 1BN
Accountants
Abica Phil & Co Financial Accountants 1 Cotleigh Road West Hampstead London NW6 2NL
Bankers
Barclays
THE PENTECOSTAL CHURCH OF MANGEMBO
FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
| CONTENTS | PAGE |
|---|---|
| Trustees annual report | 4 |
| Independent Examiner | 6 |
| Statement of the financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
THE PENTECOSTAL CHURCH OF MANGEMBO
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[st] March 2024
The trustees have pleasure in presenting their report and accounts for the period ended 31[st ] March 2024.
Principal activities
The charity’s principal activity during the year continued to be religious activities, education, training, and help for children, young and the elderly.
Review of the current year
We have also ended the year with a loss due to a decrease in our income. We are still pursuing the purchase of our own building. We trust God that in the coming years it will be a reality.
The coming year
All activities will continue. Various departments will run programmes as stated by the vision of the church.
The men group will focus on organising male members (adults) to be effective in the ministry. They will run seminars this year to empower them to be strong in the Lord. They will support every aspect of the ministry to reach their goals.
The women ministry will continue their social work. The bereaved, the sick and every person in need will benefit from their service. This year’s plan is to visit homeless people to share foods also to visit nursing homes to offer foods and clothes.
The youth and children department will carrying on with the set agenda of getting the youth off streets and teach them the Word of God.
Moreover, different other activities are planned this year such as Youth Prayer Meetings, music lessons, Seminars, drama and sketches. There will also be football and other recreational activities in summer.
Our mission work will continue in UK and Africa.
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THE PENTECOSTAL CHURCH OF MANGEMBO
TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31[st] March 2024
RESPONSIBLITIES OF THE TRUSTEES
The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
The law requires the trustees to prepare financial statements in accordance with the United Kingdom, General Accepted Accounting Practice (United Kingdom Accounting Standard and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply the Charities Act 1993, The Charity (Accounts and Reports) Regulations 2008 and the provision of the trust deed.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees who served during the year were as follows:
Rev Augustin Ngenga MBONA Mr Eben Ezer MBONA Mr. Julien MALUNDAMA Mr. Nduami BUNI Ms Marie LENDJE
This report was approved by the board on 15[th] January 2025.
Julien Malundama Board of Trustees
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THE PENTECOSTAL CHURCH OF MANGEMBO TRUSTEES ANNUAL REPORT (continued)
YEAR ENDED 31[st] March 2024
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43 of the Act);
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7) (b) of the Act); and
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to state whether particular matters have come to my attention.
BASIS OF THE INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the 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 you as 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 view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT
In the course of my examination, no other matter has come to my attention:
(1) which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the 1993 Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
15[th] January 2025
K. Mensan MBA, FFA, FCCA
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THE PENTECOSTAL CHURCH OF MANGEMBO
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31[st] March 2024
INCOMING RESOURCES Incoming resources from generated funds Voluntary income: donations Other income Investment Income Total Incoming Resources RESOURCES EXPENDED Cost of generating funds: Charitable expenditure Governance Costs TOTAL RESOURCES EXPENDED Net Incoming(Outgoing) Resources Net Movement In Funds Balance at 1stApril Prior Year Adjustment Balances at 31stMarch |
Total Funds 20242023 Note Unrestricted Restricted 2 146,685 0 146,685 115,461 2 0 0 0 0 3 0 0 0 0 146,685 0 146,685115,461 4 115,896 0 115,896 105,545 5 7,182 0 7,182 6,669 123,078 0 123,078 112,214 23,607 0 23,6073,247 6 23,607 0 23,607 3,247 144,332 0 144,332 141,085 0 0 0 0 7167,939 0 167,939 144,332 |
|---|---|
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All movements are in Unrestricted Funds The notes on page 8 to 13 form part of these financial statements.
THE PENTECOSTAL CHURCH OF MANGEMBO
BALANCE SHEET
| YEAR ENDED 31 | YEAR ENDED 31st March 2024 | March 2024 | |||
|---|---|---|---|---|---|
| 2024 | 2024 | 2023 | |||
| £ £ | £ £ | £ | |||
| Note | Note | ||||
| FIXED ASSETS | |||||
| Tangible assets | 8 | 8 | 1,0002,656 | 2,656 | |
| CURRENT ASSETS | |||||
| Debtors | 9 |
0 | 0 | 0 | |
| Cash at bank 10 |
10 | 10 | 10 170,774 | 148,237 | |
| 170,774 | 170,774 | 148,237 | |||
| CREDITORS: Amounts falling due | Amounts falling due | ||||
| within one year | 11 |
(3,835) | (6,561) | ||
| NET CURRENT ASSETS | 166,939 | 141,676 | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES |
167,939144,332 | 144,332 | ||
| CREDITORS: Amounts falling due | CREDITORS: Amounts falling due12 | ||||
| after one year | after one year | (0) | 0 | ||
| NET ASSETS | 167,939 | 144,332 | |||
| TOTAL FUNDS | 167,939 | 144,332 |
These financial statements were approved by the board of Trustee on 15[th] January 2025.
Julien Malundama
Board of Trustees
The notes on page 8 to 13 form part of these financial statements.
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THE PENTECOSTAL CHURCH OF MANGEMBO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
1. ACCOUNTING POLICIES Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005).
Incoming Resources
Income from tithes and offerings is included in incoming resources when these are receivable. Investment income consists of net interest received during the year and accounted for as unrestricted.
Resources expended
Resources expended are included in the Statement of Financial Activities on accrual basis, inclusive of VAT which cannot be recovered. Certain expenditure is attributable to specific activities and has been in those cost categories.
Depreciation
Depreciation is calculated so as to write off the cost of an asset on a straight-line basis over the useful economic life of the asset concerned. The principal rates used for this purpose which are consistent with those of past years as follows:
| Plant & Equipment | 25% |
|---|---|
| Motor Vehicle | 25% |
| Music Equipment | 20% |
2. VOLUNTARY INCOME: DONATIONS
Tithes & Offerings Gift aid Thanksgivings |
Total Funds 2024 £ 146,685 0 0 146,685 |
2023 £ 115,461 0 0 115,461 |
|---|---|---|
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THE PENTECOSTAL CHURCH OF MANGEMBO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
| 2024 £ 3. INVESTMENT INCOME Bank interest received 0 0 4. COSTS IN FURTHERANCE OF CHARITABLE OBJECTS Total Funds 2024 £ Provision of charitable services: Ministers salaries 45,600 PAYE & NIC 38 Pension 1,181 Hospitality 6,250 Travelling expenses 2,140 Training 650 Hall Hire 59,587 Members Welfare 450 115,896 5. GOVERNANCE COSTS: 2024 £ Repairs 0 Bank charges 120 Telephone 0 Postage, printing & stationeries 890 Insurance 239 General expenses 269 Accounts fees 1,440 Professional fees 2,568 Depreciation 1,656 7,182 |
2024 £ 0 |
2023 £ 0 0 2023 £ 25,974 7,152 1,962 3,750 3,425 0 56,137 7,145 105,545 2023 £ 0 110 0 0 230 0 1,440 768 4,121 6,669 |
|---|---|---|
| 0 | ||
No Salaries or benefits have been paid to trustees, including the members of the various departments during the year.
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THE PENTECOSTAL CHURCH OF MANGEMBO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
6. NET MOVEMENT IN FUNDS
The net movement in funds for the year is stated after charging depreciation on tangible fixed assets:
| Depreciation 7. FUNDS Unrestricted Funds £ At 1st April 144,332 Prior Year Adjustment 0 Surplus / (Deficit) for the year 23,607 At 31st March 167,939 |
2024 £ 1,656 Restricted Total Funds 2024 £ £ 0 144,332 0 0 0 23,607 0 167,939 |
|
|---|---|---|
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular purposes and projects.
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THE PENTECOSTAL CHURCH OF MANGEMBO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
8. TANGIBLE FIXED ASSETS
| Plant & | Motor | Music |
Total | ||
|---|---|---|---|---|---|
| Equipment | Vehicle | Equipment | |||
| £ | £ | £ |
£ | ||
| COST: | |||||
| At 1stApril 23 | 3,550 | 15,205 | 37,036 |
55,791 | |
| Additions | 0 | 0 | 0 | 0 | |
| Disposals | 0 | 0 | 0 | 0 | |
| At 31st March | 24 |
3,550 | 15,205 | 37,036 |
55,791 |
| DEPRECIATION | |||||
| At 1stApril 2023 | 2,050 | 15,205 | 35,880 |
53,135 | |
| Charge for the | year | 500 | 0 | 1,156 |
1,656 |
| Disposals | 0 | 0 | 0 | 0 | |
| At 31st March | 24 | 2,550 | 15,205 | 37,036 |
54,791 |
| NET BOOK VALUE | |||||
| At 31st March | 24 | 1,000 | 0 | 0 |
1,000 |
| At 31stMarch 23 | 1,500 | 0 | 1,156 |
2,656 | |
| 9. DEBTORS | 2024 |
2023 | |||
| £ | £ | ||||
| 10. BANKS | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Current Account | 170,774 | 148,137 | |||
| Deposit Account | - |
- | |||
| 170,774 |
148,137 |
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THE PENTECOSTAL CHURCH OF MANGEMBO
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31[st] March 2024
11. CREDITORS: Amounts falling due within one year
Pension Salary HMRC 12. CREDITORS: Amounts falling due after one year |
2024 £ 229 3,331 275 3,835 2024 £ - |
2023 £ 229 6,039 293 6,561 2023 £ - |
|---|---|---|
13. TAXATION
As a charity, there is exemption from taxation on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
14. RELATED PARTY TRANSACTIONS
No payments were made to trustees or any other persons connected with them during this financial period in their capacity as trustees. No material transaction took place between the Charity and a trustee or any person connected with them.
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