REGISTERED CHARITY NUMBER: 1110297
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
For
PENTECOST BAPTIST CHURCH
PENTECOST BAPTIST CHURCH
Contents of the Financial Statements For the year ended 31 December 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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:
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The promotion of love and tolerance
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The advancement of education
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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.
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PENTECOST BAPTIST CHURCH
ACHIEVEMENT AND PERFORMANCE
Charitable Activities
The church organizes regular worship services for its members, and these services are open to the 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 these programs to the public, especially the community where it operates.
The church offers its building for community use (by arrangement) for programs: such as seminars, English lessons and events for the benefits of the community.
The church also organizes revival programs.
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ACHIEVEMENTS IN 2022
Pentecost Baptist Church Achievements in 2022
Pentecost Baptist Church Achievements in 2022
The year 2022 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
Organizing relief materials for the poor and the Aged Ones
Rev. Barbara Tickner - Trustee
Date: 27/12/2023
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PENTECOST BAPTISCT CHURCH
Report of the Trustees For the Year Ended 31 December 2022
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 situation 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:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charity SORP.
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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 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.
Rev. Barbara Tickner Trustee
27/12/2023
6
Independent Examiner's Report to the Trustees of
Pentecost Baptist Church
I report on the accounts for the year ended 31 December 2022 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:
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examine the accounts under Section 145 of the 2011 Act
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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
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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 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:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Section 130 of the 2011 Act; and
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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
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(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: 17/01/2024
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PENTECOST BAPTIST CHURCH
Statement of Financial Activities For the year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| Unrestricted | Total funds | |
| fund | ||
| As restated | ||
| Notes | £ | £ |
| INCOMING RESOURCES | ||
| Incoming resources from generated funds | ||
| Voluntary income | 269,522 | 174,476 |
| ====== | ====== | |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Charitable Activities | 180,853 | 84,455 |
| Support costs | 119,768 | 107,948 |
| Finance costs | ||
| Governance costs | 874 | 3,620 |
| ----------- | ---------- | |
| Total resources expended | 301,495 | 196,023 |
| ----------- | ----------- | |
| NET INCOMING RESOURCES | (31,973) | (21,547) |
| RECONCILIATION OF FUNDS | ||
| As previously reported | 55,842 | 77,389 |
| ===== | ====== | |
| As Restated | 55,842 | 77,389 |
| ===== | ====== | |
| TOTAL FUNDS CARRIED FORWARD | 3,869 | 55,842 |
| ===== | ===== |
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PENTECOST BAPTIST CHURCH
Balance Sheet At 31 December 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | |||
| fund | Total funds | ||
| As restated | |||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 5 | 128,127 | 127,164 |
| ===== | ===== | ||
| CURRENT ASSETS | |||
| Debtors | 6 | 23,745 | 30,382- |
| ===== | ===== | ||
| CREDITORS | |||
| Amounts falling due within one year | 7 | (64,756) | (31,582) |
| Cash in hand/Bank | 8,430 | 1,556 | |
| --------- | ----------- | ||
| NET CURRENT ASSETS | 95,546 | 127,520 | |
| ===== | ===== | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | |||
| NET ASSETS | 95,546 | 127,520 | |
| ===== | ===== | ||
| FUNDS | |||
| Unrestricted funds | 8 | 95,546 | 127,520 |
| --------- | ----------- | ||
| TOTAL FUNDS | 95,546 | 127,520 | |
| ===== | ===== |
The financial statements were approved by the Board of Trustees on the 20[h ] of December 2023; and were signed on its behalf by:
Rev. Barbara Tickner Trustee
27/12/2023
9
PENTECOST BAPTIST CHURCH
Notes to the financial statements for the year ended 31 December 2022
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 in 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.
| ul 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 2021 nor for the year ended 31 December 2022
Trustees' expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2022
3. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 156,957 | 76,913 |
| ====== | ====== | |
| No employees received emoluments in excess of £60,000 |
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PRIOR YEAR ADJUSTMENT
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There are no prior year adjustments made during the year.
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PENTECOST BAPTIST CHURCH
Detailed Statement of Financial Activities For the year ended 31 December 2022
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Freehold property |
Fixtures and fittings |
Motor vehicles |
Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 January 2021 | 43,004 | 118,571 | 17,000 | 178,575 | |
| Addition | - | 18,936 | - | 18,936 | |
| At 31 December 2022 | 43,004 | 137,507 | 17,000 | 197,511 | |
| , | |||||
| DEPRECIATION | |||||
| At 1 January 2021 | 5,900 | 39,846 | 5,666 | 51,412 | |
| Charge for year | 850 | 14,289 | 2,8833 | 17972 | |
| At 31 December 2022 | 6,750 | 54,135 | 8,499 | 69,384 | |
| NET BOOK VALUE | |||||
| At 31 December 2022 | 36,254 | 64,436 | 8,501 | 109,191 | |
| At 31 December 2021 | 37,104 | 97,661 | 11,334 | 146,099 | |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| As | restated | ||||
| Other debtors (Staff Loan) | 23,745 | 29,182 | |||
| ====== | ====== | ||||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| As | restated | ||||
| Bank loans and overdrafts | |||||
| Bank Loan | 24,535 | 29182 | |||
| Finance Lease | - | - | |||
| Payee & NI | 40,221 | 1,200 | |||
| --------- | -------- | ||||
| (64,756) | (30,382) | ||||
| ====== | ====== |
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PENTECOST BAPTIST CHURCH
Detailed Statement of Financial Activities For the year ended 31 December 2022
8. MOVEMENT IN FUNDS
| At 1/1/22 | Prior year | Net movement | ||
|---|---|---|---|---|
| adjustment | in funds | At 31/12/22 | ||
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 55,842 | - | (31,973) | 23,869 |
| TOTAL FUNDS | 55,842 | - | (31,973) | 23,869 |
| Net movement in funds, included | in the above | are as follows: | ||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 269,522 | (301,495) | (31,973) | |
| TOTAL FUNDS | 269,522 | (301,495) | (31,973) | |
| 2022 | 2021 | |||
| £ | £ | |||
| INCOMING RESOURCES | ||||
| Voluntary income | ||||
| Gifts | 269,522 | 153,394 | ||
| Legacy | - | - | ||
| Other Income | - | |||
| Donations | - | 21,082 | ||
| ----------- | ----------- | |||
| 269,522 | 174,476 | |||
| ====== | ====== | |||
| Total incoming resources | 269,522 | 174,476 | ||
| ====== | ======= | |||
| RESOURCES EXPENDED | ||||
| Charitable activities | ||||
| Wages | 156,957 | 76,913 | ||
| Ministry Expenses Branches | - | |||
| Ministry Expenses | 8,524 | 4,467 | ||
| Honorarium | 15,372 | 3,075 | ||
| --------- | --------- | |||
| 180,853 | 84,455 | |||
| Governance costs | ||||
| Legal fees | 1,020 | 371 |
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PENTECOST BAPTIST CHURCH
Detailed Statement of Financial Activities For the year ended 31 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Support costs Management | ||
| Rates and water | 6,227 | 2,377 |
| Insurance | 5,605 | 5,981 |
| Light and heat | 4,103 | 5,894 |
| Telephone | 2,774 | 1,628 |
| Postage and stationery | 1,527 | 1,076 |
| Sundries | 598 | 4,215 |
| Waste Disposal | 1,383 | 1,872 |
| Repairs & Maintenance | 6,490 | 2,494 |
| Web solutions | 7,455 | 18,000 |
| Professional fee | 3,100 | 1,500 |
| Transportation | 17,777 | 8,791 |
| Premises rent | 26,349 | 25,989 |
| Security | - | - |
| Training cost | 922 | |
| Employer NI | 11,636 | 5,548 |
| Pension | 5,752 | 5,232 |
| Depreciation Charge for the year – Freehold Property | 850 | 850 |
| Depreciation Charge for the year – Fixtures & Fittings | 14,289 | 12,195 |
| Depreciation Charge for the year – Motor Vehicles | 2,833 | 2,833 |
| Finance | ||
| Bank loan interest | ||
| Fixtures and fittings | 874 | 3,800 |
| Motor vehicles | 120,642 | 107,948 |
| ----------- | ------------ | |
| Total resources expended | 301,495 | 192,403 |
| ====== | ======= | |
| Net income | (31,973) | (21,547) |
| ====== | ======= |
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