**REGISTERED CHARITY NUMBER: 1110297**
**Report of the Trustees and**
## **Unaudited Financial Statements for the Year Ended**
**31 December 2021**
**For**
**PENTECOST BAPTIST CHURCH**
**PENTECOST BAPTIST CHURCH**
**Contents of the Financial Statements For the year ended 31 December 2021**
||Page|
|---|---|
|Report of the Trustees|1-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 – 9|
|Detailed Statement of Financial Activities|10|
**PENTECOST BAPTIST CHURCH**
## **Report of the Trustees For the year ended 31 December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1110297
## **Principal address**
Pentecost Baptist Church Coleridge Street Liverpool L6 6BT
## **Trustees**
Mrs Bukola Akande Rev Barbara Tickner Mr Isaiah Shaba
## **Independent Examiner**
Rawson Irekponor Rawson & Co. Accountants & Advisor Liverpool Innovative Science Park Edge Lane Liverpool L7 9NJ
## **Bankers**
Natwest Bank Plc
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The trust deed is dated 21[st] March 2005, supplementary 30[th] May 2005.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Activities:**
The overall objective of the charity is:
- The promotion of love and tolerance
- The advancement of education
- The relief of poverty sickness or hardship and, the furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the trustees shall from time to time decide.
## **ACHIEVEMENT AND PERFORMANCE Charitable Activities**
The church organises regular worship service for its members and these services are open to the general public. These activities include weekly Sunday school for adults and children, Bible study, Prayer meetings and Sunday worship service.
Other activities include Feeding the homeless program, music teachings (vocal and Instrument) for interested children. The church opens up these programs to the public especially the community where it operates.
The church offers its building for community use (by arrangement) for programmes such as seminars, English lessons and events for the benefits of the community.
3
## ` **ACHIEVEMENTS’ IN 2021**
## **Pentecost Baptist Church Achievements in 2021**
Pentecost Baptist Church Achievements in 2021
The year 2021 was a very productive year. All our services were well attended.
During the week, we have held a weekly prayer and bible study meetings. A weekly meeting for the youth (16+1) Girl’s Auxiliary (9-16) Royal Ambassadors (9-16) and a monthly meeting for both Women and Men’s group.
Many of these groups arrange extra meetings and have their committees during the week. Ministers and Leaders of Departments meet monthly, Sunday school Teachers meets monthly for preparation.
Once again, we have been able to welcome new students into the church with many of them coming with talents nurtured in their home churches, which they have used here.
The Choir had weekly rehearsals and arranged two concerts. They were also in demand to take part in concerts arranged by other churches. The junior choir has flourished, increased in numbers, and taking part in the service. Lessons in music and keyboard have been held regularly and for a short time. Trumpet lessons were also given.
The children’s department met in the portacabin every Sunday morning with the teachers meeting regularly for preparation and the teenagers met in the second portacabin for their own service except for special occasion when they joined the main congregation.
We engaged in caring for the poor and homeless in our community by distributing food stuff and relief materials.
The portacabins been use for Maths classes, and IT training and for music and English lessons.
As usual the annual Convention was held August. There was a good attendance, and it was a time of blessing.
Activities outside the Country
Organising relief materials for the poor and the Aged Ones
4
## **PENTECOST BAPTISCT CHURCH**
## **Report of the Trustees For the Year Ended 31 December 2021**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable 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 trust deed. They 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 are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **ON BEHALF OF THE BOARD** :
............................................. Rev Barbara Tickner - Trustee
Date: 26/10/2022
5
## **Independent Examiner's Report to the Trustees of Pentecost Baptist Church**
I report on the accounts for the year ended 31 December 2021 set out on pages three to six.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- 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 Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Independent Examiner**
Rawson Irekponor Rawson & Co Accountants & Advisor Liverpool Innovative Science Park Edge Lane Liverpool L7 9NJ
Date: 29/10/2021
.
6
## **PENTECOST BAPTIST CHURCH**
## **Statement of Financial Activities For the year ended 31 December 2021**
|||**2021**|2020|
|---|---|---|---|
|||**Unrestricted**|Total funds|
|||**fund**||
||||As restated|
||Notes|**£**|£|
|**INCOMING RESOURCES**||||
|**Incoming resources from generated funds**||||
|Voluntary income||174,476|310,680|
|**RESOURCES EXPENDED**||||
|**Charitable activities**||||
|Charitable Activities||84,455|145,306|
|Support costs||107,948|128,306|
|Finance costs||3,620|00|
|**Governance costs**||||
|**Total resources expended**||196,023|273,612|
|**NET INCOMING RESOURCES**||(21,547)|37,068|
|**RECONCILIATION OF FUNDS**||||
|As previously reported||77,389|40,321|
|**As Restated**||77,389|40,321|
|**TOTAL FUNDS CARRIED FORWARD**||55,842|77,389|
7
## **PENTECOST BAPTIST CHURCH**
## **Balance Sheet At 31 December 2021**
|**2021**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
5
127,164
**CURRENT ASSETS**
Debtors
6
30,382
Cash in hand/Bank
1,556
**CREDITORS**
Amounts falling due within one year
7
(31,582)
**NET CURRENT ASSETS**
127,520
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
127,520
**FUNDS**
8
Unrestricted funds
127,520
**TOTAL FUNDS**
127.520|2020
Total funds
As restated
£
143,031
34,000-
36,518
(35,200)
213,549
178,349
178,349
178,349|2020
Total funds
As restated
£
143,031
34,000-
36,518
(35,200)
213,549
178,349
178,349
178,349|
|---|---|---|
|||
|
||||
The financial statements were approved by the Board of Trustees on the 13[th] of October 2022; and were signed on its behalf by:
Rev. Barbara Tickner Trustee
## 27/10/2022
8
**PENTECOST BAPTIST CHURCH**
## **Notes to the financial statements For the year ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property|- 2% on cost|
|---|---|
|Fixtures and fittings|- 20% on cost|
|Motor vehicles|- 25% on cost|
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds 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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2021
## **Trustees' expenses**
There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2021
## **3. STAFF COSTS**
|Wages and salaries|**2021**
As
**£**
76,913|2020
restated
£
54,211|
|---|---|---|
No employees received emoluments in excess of £60,000
## **4. PRIOR YEAR ADJUSTMENT**
There are no prior year adjustments made during the year.
9
## **PENTECOST BAPTIST CHURCH**
## **Notes to the Financial Statements - continued For the year ended 31 December 2020**
## **5. TANGIBLE FIXED ASSETS**
## **,**
## )
|**COST**
At 1 January 2021
43,004
118,571
17,000
Addition
At 31 December 201
43,004
118,571
17,000
**DEPRECIATION**
At 1 January 2021
5,050
27,661
2,833
Charge for year
850
12,185
2,833
At 31 December 2021
5,900
39,846
5,666
**NET BOOK VALUE**
At 31 December 2021
37,104
78,725
11,334
At 31 December 2020
37,954
**90,910**
14,167
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
As
**£**
Other debtors (Staff Loan)
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
As
**£**
Bank loans and overdrafts
Bank Loan 30,382
Finance Lease -
Professional fee 1,200
-
**(31,580)**
-
**8.**
**MOVEMENT IN FUNDS**
**At 1/1/20**
**Prior year**
**adjustment**
**Net**
**movement in**
**funds**
**At**
**£**
**£**
**£**
**Unrestricted funds**
General fund
77,389
-
(21,547)
**TOTAL FUNDS**
77,389
-
**(21,842)**
**Freehold**
**property**
**Fixtures and**
**fittings**
**Motor**
**vehicles**
**£**
**£**
**£**|178,575
178,575
35,544
15,868
51,412
127,164
**Totals**
**£**|
|---|---|
||143,031|
||2020
restated
£34,00
0
2020
restated
£
34,000
-
00
~~1,200~~
(35,200
)
**31/12/21**
**£**
55,842
55,842|
1
**PENTECOST BAPTIST CHURCH**
## **Notes to the Financial Statements - continued For the year ended 31 December 2020**
## **8. MOVEMENT IN FUNDS – continued**
Net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement in**|
|---|---|---|---|
||**resources**|**expended**|**funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund
|174,476|(196023)|(21,547)|
|**TOTAL FUNDS**|174,476|(196,023)|**(21,547)**|
1
**PENTECOST BAPTIST CHURCH**
## **Detailed Statement of Financial Activities For the year ended 31 December 2020**
|**INCOMING RESOURCES**
**Voluntary income**
Gifts
Legacy
Other Income
Donations
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Wages
Ministry Expenses Branches
Ministry Expenses
Honorarium
**Governance costs**
Legal fees
**Support costs**
**Management**
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Waste Disposal
Repairs & Maintenance
Web solutions
Professional fee
Transportation
Premises rent
Security
Employer NI
Pension
Depreciation Charge for the year – Freehold Property
Depreciation Charge for the year – Fixtures & Fittings
Depreciation Charge for the year – Motor Vehicles
**Finance**
Bank loan interest
Fixtures and fittings
Motor vehicles
**Total resources expended**
**Net income**|**2021**
2020
As restated
**£**
£
153,394
274,551
0
0
0
21,082
36,129
174,476
310,680
174,476
310,680
76,913
54,211
-
4,467
00
3,075
00
84,455
54,211
371
368
2,377
3,295
5,981
5,064
5,894
9,334
1,628
3,700
1,076
1,162
4,215
0
1,872
1,872
2,494
14,669
18,000
1,500
00
1,600
8,791
25,989
922
5,548
5,232
13,779
22,837
1,147
3.970
4,899
860
860
12,185
27,661
2,833
2,833
3800
156-
0
107,948
119,206
192,403
173,417
**(21,547)**
137,263|**2021**
2020
As restated
**£**
£
153,394
274,551
0
0
0
21,082
36,129
174,476
310,680
174,476
310,680
76,913
54,211
-
4,467
00
3,075
00
84,455
54,211
371
368
2,377
3,295
5,981
5,064
5,894
9,334
1,628
3,700
1,076
1,162
4,215
0
1,872
1,872
2,494
14,669
18,000
1,500
00
1,600
8,791
25,989
922
5,548
5,232
13,779
22,837
1,147
3.970
4,899
860
860
12,185
27,661
2,833
2,833
3800
156-
0
107,948
119,206
192,403
173,417
**(21,547)**
137,263|
|---|---|---|
|||137,263|
1