REGISTERED COMPAP4Y NUMBEIL" 06550075 {England and Wglles) REGISTERED CHARITY NUMBER: 1123975 (England and Wale5) SC041252 (Scotland) RT FTHET TEE AND FOR THE CHURCH OF PENTECOST- UK CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMETr4TS FOR THE YEAR ENDED 31ST DECEMBER 2023 Page Referenee admlrtlstratlye det8115 Report ofthe tTllJteex 2 to 12 Report of the independent audlto 13 to 16 Statement of nn*n£l818¢tfvitl 17 10 18 Statement orrin*n¢ial position 19 to 20 ststement of ¢a$h flowj and notes 21 to 24 Notes to the fin8nciil *t8ternenti 25 10 40 Detalled $t4tem¢nt of nnan¢lo1 *¢tlvltl 41 to 42 THE CHURCH OF PEJ¥TECOST- UK REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED JIST DECEMBER 2023 TRUSTEES Reverend Dr. L. Donkor (ChAimian) Reverend K. Fr¢mpong-Boadu (S¢cretary) Elder S. Owusu-An5ah (National Deacon) Reverend G. Korankye Reverend E. Dan50 Reverend M. Tedeku Reverend A. Arthur Reverend E. Appiah Reverend C.T Adu]x)ng (appointed 05.07.24) Elder E. Simpson {oppointed 25.07.24) Eld¢r K. Adomako (re5ign¢d 01.05.24) R¢verend Alex Apcntenx-Boai¢ng (resigned 01.05.24) COMPANY SECRETARY Reverend K. Frempong-Boadu REGISTERED OFFICE 746 Green Lane Dagcnharn Essex RM8 IYX REGISTERED COMPANY NUMBER 06J50075 (England and Walex) REGISTERED CHARITY NUMBER 1123975 (England and Wales) SC041252(Scotland) INDEPENDENT AUDITORS Leroy Reid & Co Chartered Certified Accountants and Statutory Audiiors 299 Northborough Road London, SW16 4TR SOLICITORS Anthony Collin5 Solicitors LLP 134 Edmund Street Bim]ingharn, B3 2ES BANKERS Royal Bank of Scotland 36 St Andrew Squore Edinburgh, EH2 2YB Lloyds Bank 25 Gresham Street London, EC2V 7FfN The Charity Bank Fosse Ilouse 182 High Street Tonbridge, TN9 IBE THE CHURCH OF PEf4TECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDEDJIST DECEMBF.R 2023 The tTU5tees who are also directors of the charity for the purposes of the Companie5 Act 2006, present their report with the financial statements of the charity for the year ended 3 1st December 2023. Thc tru5tce5 have adopted the provisions of Accouniing and Reporting by Charitlcs.. Statement of Recommended Practice applicable to charitie$ preparing their financial statements in accordance with the Fillancial Reporting Standard$ applicable in the UK and Republic of Ireland (FRS 102), (effective l January 2019). ORJECTIVES AND ACTIVITIES Obje¢tives And alms Th¢ Tnain aim of the Church 15 to bring thc world to the saving knowledge of Christ. Th¢ church seeks to achieve 115 aim by pursuing the following obje¢iive$ -To advance thc Christian foith. the Word of God and the full gospel of our Lord Jesu5 Christ in accordance with the Tenets of Traiih in such ways 4thd in 5u¢h parts iTrf th¢ United Kingdorn or the world a5 the trustees may, from time to time, dc¢m fit. -To reliev¢ sickne55 and financial hardship and to promote and prcscrvc good health by the provision of funds, goods and s¢rvi¢c5 of any kind, including the provision of pastoral support and counsellin8 in such parts of the United Kingdorn or the world as the tru51ces deem fit: and -'I"o advanc¢ cducation in such ways and in such part5 of the United Kin&dom or the world ay the trusteeg deem fit. Th¢ trustees continue to pay due rcgard to guidance issued by the Chgrity Commission in dccidin8 what activitie5 thc charity should undertake. Public beneflt The trustees of The Church of P¢nt¢co$l-UK had du¢ regard to the public benefit guidance published by thc Charity Commission in complion¢¢ with thcirdutics under Section 17 ofthe Charities Act 201 l and'l'he Charities Account¥ (Scotland) Regulation 2006 (A$ Am¢nd¢dl. Thi.5 gyuidance sets Out two key principles, namely the organisation must have an ideniiliable b¢nefii and thc bcncfit must be to the public or a section of the public. Some of these benefits are set out below.. Thc operalion5 of the church durin% the pcriod under rtview helped people to leam and ￿roW &$ Lhri3tian5, Ihrough scmions and Ilible Study sesgions And allevialcd povety in ih¢ UK and abroad and 5UPPOrted the provision of rcli8ious education. 48 university campuses were offered pastornl care and coun5elling through the Penlecost Student5 and Associates {PENSAI. Liverp(M)I church premises were used for ih¢ lo¢al ￿UnCL[ elections. -lThe Church's place of worship in Manches¢er was used by a Nursery School to provide nursery education for children in the Ioc81 community. I minist¢r joined th¢ Street Pastors group to offer pa5tornl care and Support lo the homele¥s, nightclub goers and th¢ public. minister was trained by West Midlands police io offer voluntrer chaplaincy scrvic¢s io the Wesi Midlands police. Ilospi1o1 chaplaincy service5 were provided at St. Matthews, Elroomhill and Darlingion 14ospitals in Northampion and oiher citie5. The church's Foodbank in Milton Keynes entered into the Guinne55 Book of Records for achieving the fcal of the most collectcd food cans in thc world. Thc District rcccivcd a certificate of participation and recognition. Wc iJftrr¢d placernents for Sixih Fotin students in the Watford community. 5 di5tricls 5UPPOrted local food banks in their communities in London and the West Midlands. The Women's Ministry donated 8SSOrted item5 to the Samaritan5. A district collabornted wilh Kew Neighbouthood Association, and Northampton district supported"Eve" a local charity that support5 Livcs Affected by Domcstic Abuse." The Ministers and some volunteer counselloTS of the Church Tun counselling 5e55ions that ar¢ a￿eSsIble to any member of thc lo¢al Community. The Church organised Youth and Kid5, Club5 during school breaks to help children and young people with th¢ir academi¢ work and equipped them with life skills And general knowledge in various communities. THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDEDJIST DECEMBER2023 Public benefit- eont'd Priwn Fcllowship volunteers deliY¢red multiple orte-hour lasting church services within the prison walls of ourparther institutions, HMP Maidstone, klMP Rochester. and Heathrow Immigration Removal Centre (IRC). The Trustees have read thc Charity Commission guidance on public benefit. and are satisfied ihat the activities outlined abov¢ Gl¢arly demonstrate that the charity is providing a benefit to the public VoluNtfers The Church makes cxtensive use of volunteer8 in¢ludimg Elders, Deacons, Deacon¢5ses, and other lay memb￿5 in the perfonn8nce of its activities. Their sacrificial giving and 5elfle5s devotion to the work of the Church 15 greatly appreciated by the I'rustees orth¢ Church. STRUCTURE, COVERNANCE AND MANAGEMENT Gov¢rnlnE document The Charity 15 governed by its memorandum and Articles of Asso¢i81ion. In oddition, as il op¢rAt¢$ as a company limit¢d by guarantee, it is subject to the pmvisions of Companies Act 2006. iKgal Structure of the eharlty The Lhurch of Pcntccosi-UK was ineorpDrot¢d as a Company limited by guarantee on 31 March 2008 and registered as a UK Charity on 7 May 2008. Prior io its incorporation, the church operated in the UK as an aifili&le of Elim Foursquare (iosp¢I Allian¢¢. Subsidiary On 5 August 2020. th¢ Church ofpentecost-UK became the 501e member of Birniingham Chrisiian Collcgc, a re8lStcred ¢hgrity incoTpora¢cd in England and Wales. The charity and company registration numbers arc 1002205 and 2320164 resP￿tiVg1y. ljirmingham L'hristian Collcge's registered address IS.. CrowLher Hall, I lamillon Drive Selly Oak Birmingham B29 6AJ Recruitment and appolntment of n¢w tru$l¢eJ Thc trustC¢3 are drawn from a pool of ¢xp¥ricn¢¢d minislcr5 and a￿1(¢T$ who are well versed in the operalions of the church. However, ev¢ry effort 15 mad¢ by the chuTch io brief the trustees of theiT legal responsibilities on a regular bB5iS. Ch#rlty str￿ctUre hierarchy The Charity is d¢¢entrdlis¢d into five admini5tralive areas- London North, London South, Milton Keyncs. Mmnchcstcr and Birrningham. The five administTative ureas oversee the op¢rations of 31 Pastoral DL3trirt5. Th¢ flfth administrative area- Birmingham Area, was created and inaugurated in S¢pt¢mber 2022. 1¢ wa5 ¢arv¢d outof M4n¢h¢5t¢rand London South Area5 and comprises of the seven und¢rlisi¢d di51ri¢ts- Bimingham PIWC District Birniingham District -Tclford District -Graccland PIWC Di51ricl -Wolv¢rha￿pl0n PIWC -Cardiff District -CoY¢rttry District THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED JIST DECEMBF.R 2023 During the year ended 31 D¢cernber 2023, 182 (2022.. 172) local churches okxrated under the supcrvi5i0T) of ihc 31 P8StorAI Districts. Ten (10) local churches were opened in the following cities.. Croydon, Hull, Norwich, Cambridgc, Win¢hesi¢r and BoLwn¢mouth. I*vel$ ofgovernance To ¢nsur¢ activc participation of members in the operations of the church. the charity ha5 established four levels of govcrnance to rcflectthe decentralised nature of its operations. These are; thc National Council, Area Council, District Presbytery and the Local Presbytery. The role and composition of the various bodies are explained below- The National Counell The National Council is th¢ high¢51 deci5ion-rnaking body of the church. It nomially m¢¢t5 on¢¢ J year in eiih¢r Januory or february. In ac¢ordan¢¢ with ¢h¢ governing document of the church. the trustees rep(Trrt fo lh¢ NatiODal Pr¢sbyt¢ry Council on th¢ progress and operations of the church. Issues of major importance are submitted to thc National Council meeiing by th¢ Trusl¢c5 for guidance. The National Council consi8ts of the Truyt¢¢s, Minist¢rs of th¢ Church, Ministcr5' Wives, Area and District Executivcs. Area Ministries, Leaders, Presidin8 Elders, National Mini5tri¢5' L¢adcr5 and their Ikputie5, two Deacons and three deaconesses from each DistricL Chairnien of National Boards and Committees, and all ihc rncmbers of lh¢ Naliunal Finan¢¢ Board. Trustee Boardn4ation21 Exeeutlve Councll (NEC) The Trustee Iloard is responsiblc for th¢ day to day running of th¢ ¢hurch. Ih¢ Board 1$ m4d¢ up of 9 mcmbcrs.. sev¢n ministers and 2 elecied lay offi¢¢rs {F.Id¢rs). 'lTh¢ Tninisl¢ri81 group of lh¢ TnJ5t¢¢ Board 15 made up of the National Head (head of ihe Irusi¢¢ board), h¢ad5 of thc Admini5trntive Areay (th¢ fivc A￿a H¢ads), and vn¥ Mini5t¢rfs rcprcsentative. The Mini5t¢r5' reprc5¢ntatiYc and the two lay leaders of the church are elected by th¢ Tn¢mb¢rs of the National Council. F.lect¢d tru51c¢s scrvc on the Trnstee ljoard for four (4) year5 and are eligible for rc-election. Th¢ leader of¢he Wornen'5 Ministry and hcr a5SlStant are invited to attend meetings of the Trustcc Board. 'thi5 docs not only ¢nhAnc¢ the d¢¢i5ion-making proce55 of the NEC but a130 creates an environment for thc views of major $iak¢hold¢r& of the church to be heard the at top management Icvel of the church. The C,hurch ofpentccost-UK is part of the Church of Pcnieeosl, a 8lobo1 denomination. It is worth noting that while d¢¢ision5 rclating to thc opcrations of the church are madc by thc trustees in the UK, the Choirni&n of the Board of '] rustee5 (National Hcad) is appointed by the International Execulivo Council ofthe Church of Pentecost. The Area Councll The Area Council is the hi8h¢st poli¢y implem¢nlalion body in th¢ Ar¢a. It r¢¢¢ives and rdtifi¢s r¢ports submi(t¢d to it by the various parts of th¢ ¢hur¢h operating in the Area. Thc Arca Louncil clects thc m¢mb¢rs of th¢ Area Ex¢¢utive Committee. a body responsible for th¢ running oFthc church in the Arca. 'Ih¢ Ar¢a Council ¢onsi$t$ of the Arell I lead, Ministers of the Church in the Admini8trativc Arca, Ministers, Wive5 in the Area, Ar¢& and Distri¢¢ Executives, Area Mirtistri¢s' l.eaders. the Presiding Elders of the local churches, two Deacons and three Deacone55es from cach Di$tri¢t in the Area. The Arca Council meets at least twice every calendar year. Dijtrict Presbytcry The Dtstrict Presbytery is thc highest pDlicy implementatLOrt body in the district. It consists of the District Minister, the District Minister's Wife, F.Idcrs, Deacon5 and Deacon¢ss¢s in thc District. The District Presbytery elect5 the mcmbcrs ofthe District F.XECUtive Commill¢c, a body r¢spon5ibl¢ for th¢ running ofih¢ church in thc district. The District Presbytery elccts ihe non-pa5toral member5 of the DistTiCt bx¢cutive Commill¢¢. THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The Local Presbytery The l.ocal Presbytery decides on matters eort¢crning the local ¢hur¢h. which are d¢legat¢d to it by the Trnstees (National Executive Council). It consists of the District Minister, the District Ministevs Wife, Elders. Deacons and Deaconesse5 in the local church. In the absence of the Di5trici Minister, the Local Presbytery is hcaded by a Presiding Elder who is elected by rhe I,o¢al Presbyt¢ry for th¢ day to day running of rhe lo￿7 church. P•rtl¢lp8¢lon of Memberg Members porticipat¢ in th¢ TUT)ning of the charity through their representatives at National Council M¢ctings. I Addition, ¢ir¢ular5 ar¢ scnt from the NationE41, Area and District to member5 10 inforni them of decisions and activitie5 of th¢ church on a rcgular basis. Key Management Personnel and Rernuneratlon AII issues relating to lh¢ woiking conditions of Ministers of th¢ Church Are decided by the Slllaries Committee. a suIFcommittee of the Finance Board. Thc %alarics Committee 15 made up of the non-paid officer5 of th¢ ¢hur¢h on ihc Naiional Financ¢ Board. To ensure transparency and independence in the settin¥ of Ministers, Stipend, the Salaries Comrnitt¢¢ ha5 over the years adopted ihe Salaries Scale recommended by Elim Foursquare Gospel Allian¢¢ for its Ministers. 'lThe a¥w¥at¢ amount paid to key management personnel durin8 ¢h¢ year is dclail¢d b¢low' Namc Rev F. Donkor Rev O Afriyie Rev J Sam Rev G Korankye Rev F. t)anso Rey K F- Boadu Rev E Y Appiah R¢v M T¢deku Rev C Adup(trng Rev A Arthur Position National Head Retired R¢tir¢d Area Head District Pa51or National Scc Arca Head Area Head Area Head Area Head 2022 50,220 39,819 35,163 49,768 43,370 46,788 41,188 39,652 53,736 5,508 59.244 48,062 5,796 5.562 5,610 5,610 5,796 5,432 53,858 46.680 50.492 52.892 53.858 43.464 50,882 47,282 48,062 38.032 374,192 419,068 386.548 .1 ru51ee5 were reimbursed expenses for the year Ls shown below.. Position 2023 2022 Rev O Afriyie Rev K F- Boadu Rev E Y Appiah R¢v l. Danso Rev E Donkor Rev J Sam Elder J Adomako National Head National Se Arca Head District Pastor BCC Ijrincipal Arca Hoad National Deacon 604 165 135 1.029 Nil 286 Trustees and Related parties light trust¢¢s. by vinue of their positions as Pastors of the Church reccivc a salary a5 stated in their conditions of seryice. Those individuals are shown under thc heading"Key Management Personnel and Remuneration" above. Ther¢ werc no related paty transactions with any connected person other than those disclosed in the related party. THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED31ST DECEMBER2023 STRATEGIC REPORT Aehievement gnd perform2rt¢e- Ch4ril4bl¢ a¢tivitie5 The 2023 ann￿[ iheme ofThe Church of P¥nt¢cost, "Repositigning the local church for Tnaximum impa¢¢ in the nations" (Col. 2.'fv7' 1 Thess. 2.19-20) guid¢d all a$p¢¢ts of the ministy of th¢ Church of Peniecost-UK, during the year ended S l December 2023. In addition, due regaid wa$ paid to the 5-y¢ar 5trat¢gy of the chur¢h, dubbed "Vision 2023. which eentral trusi is to mak¢ the presence of the ChU￿h felt in every sphere of so¢iety through members, service in their communitie5 With the high¢st cthical and mordl principles. Initial assessment of the impact of the implementation of Vision 2023 ha5 been largely positive. MembeTS have become mor¢ aware of the need fur the chur¢h to be actively engaged in the community, promoting service, cornpa55ion and social integration. The church empha5ised the need for members to understand that the Great Commission requires full participation of members in thc SOCiOweconomic tx)litical activiti¢s of thcir immediate ertvironment and en&urin¥ that the values and principles of the kinbdom of God ar¢ brought io bear in the 50cio-economi¢ de¢isions made in their environment. In a nutshcll. the Church equipped memb¢rs and volunteers for the ia5k of spreading love. compassion, Standing up against bigoty, hatrcd anti-social behaviuur and promote social integration wherever they aTe. The following are som¢ of the A¢(ivitie5 undertaken by the charity during the ycar under review.. Membershlp slatlstlcs Membership increased by 15.3P/(* from 22.045 to 25.419 wh¢n ¢omp8r¢d wi¢h same period in 2022. 'lThe a8e distribution of membership al 31 December 2023 is a8 follows: Chilitr¢n below 13 years- 5.669 (22.3Yo),' 2022 - 5,400 (24.5Vo). Members aged 13 - 35 year$- 8,994135.3O/o)' 2022 - 7,197 (32.60/•) Members abov¢ 35 years - 10,756 {42.3%); 2022- 9,448 (430h) AelivitieA (Jf the Church Te8chinR Se55LOnS on Annual Therne Ext¢n5iv¢ l¢achinL)s on the theme of the year werc or8ani8cd in local churches in ihe UK. This helped to deepen mcmb¢rs' undorstandin¥ of the annual theme and th¢ main thrust of the Vision 2023 8g¢nda. Gojpel Sund4yJ G08pcI Sunday5 were held on the second Sunday of every month in all th¢ local ¢hurch¢s. Mcmbers were encourau?cd to invite friends ond nei8hbours to att¢nd th¢ 5¢rvic¢s physically or join S￿1￿1 m¢dio outlets Ifo¢ebook and 7A)oml during services. Th¢ Goypel Sur2day Initi¥4tivc cncourY4gcd activc cvang¢lism by th¢ m¢mb¢rs 05 th¢y invited friends and family to church on Gosp¢l Sundays. Child naming and dcdication ccrcmoni¢s and po$¢-funeTal thanksgiving sessions w¢r¢ intentionally held on G05pcI Sundays to attTact morc p¢opl¢ to thc chur¢h lo ¢xp¢ri¢rt¢e love, receive hope and be Comforted by the me5￿ge of (hc 805pcI. Some local Ch￿￿h¢S served tea and coffee after church Services to promote fellowship among vi31tors ond old rnember5. There were also breakfast meetings llt somr districts on Gospel Sundays. Follow-up visitation to old aDd back51iding members were undertaken on somr Gospel Sundays. Minlsterl*l lay leaderyhlp tr#lrtlng To rnakc thc rnnning ofthe charity ¢ffi¢icnt and to offer eff¢ctlV¢ service in our communitiey. sorne Ministers. lay leaders and members of the church benefited from Leadership training programmcs otfered on behalf of the church by Birn]ingham Christian College (BCC). A total of 273 pcople. including Ministers, lay leaders. members and ministevs wives wcre Sponsored to undertake and, in some cases, complcte various training5. The church funded 8 Minsters to upgrade their skills and knowlcd8e &t the MA Theology and MA Strategic Leadership and Managcmcnt programme at the BCC. Also, 8 Mini51er5 cnrolled on the BA Theology Pro￿raMMe. Moreover, 100 lay leaders and Ministers, wives undenvent training in Christian coun5¢11ing whilyl another 7 cotnpleted the professional counsellirtg training at the CPCAB L¢vel 2 and 3. A8ain, another group of183 Icadcrs studied for the ccrtificate in Christian Ministry and Leadership. THE CHURCH OF PEIYTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED JIST DECEMBER 2023 During the year under review, Elders, Deacons and Dc8coness enrolled on th¢ C¢rtificalc in Christian Ministy and Leadership and Counselling Programmes offered by Birniingh￿ll Christian College. Several districts also run monthly l¢ader5hip schools to train and equip the Ic￿erS for effeciive delivery. Holy Splrit Baptism Sesslons Districts and local churches held Holy Spirit baptlsm 5es$ions on a regular basis. National Holy Ghost Conventions were held for all churches under the them¢ "The Spirit gives life" (F.z¢kiel 37..1-14). The glob81 c¢l¢bration or Pentecosl Week was observed across Lh¢ nation with intensified prayer for the baptiszn in the Holy Spirit. Conferen£eJ, relreal$ seminars Retrcals w¢re held at variou5 levels to equip both the officers and members of the church. Retreats focused mosily on the theme for the year. Leadership schools and 9eminars w¢re also hcld lo troin th¢14y leadership of the church. S¢minars, retreats, and conferenccs were held at boih the Area and Districi levels to teach and pray on MatTiUbJe and family life to enrich thc lives of members. Som¢ Disiri¢ts inwrporated teachin8$ on marriabTe and family life into the disciple8hip and new converts cla$s¢$. Member5 were encourage41 tu obserye the first Sunday of every month (after churrh) as a fatnily day to enhance relationship5 With the families. D15¢1pl¢$hlp Prograrnme5 Blbk Study In accordance with the delivery strate&ries of Vision 2023, we¢kly bibl¢ sludi¢s are h¢ld in 815 the loul ¢hurch¢$ lo equip members as God's arniy in th¢ poss¢s5ing the n¥4tions 4¥da. The r¢50urc¢s u5¢d durin¥ bibl¢ s¢udi¢$ included the Church of Pentecosi Bible Study Guide 2023. In variou5 distri¢ts, L4ibl¢ study t¢acher5 me¢ r¢gularly in advance to prepare for lh¢ Sunday ¢las5. Thc slructured approach lo the Bible Study Scs5ions altrdckd a high Icvel of interest and molivaled m¢mbers to practice p¢r50nal devotions. Horne Cell Home Cells function a5 avenues for pHstiTrral care. follow-up und visitdtion. Flome Lells typically meel once monih and were organised to be community friendly. As at J l December 2023. 392 fully functional Home Cells were in operation in different part5 of the country. New CDnverlJlMernbers Ncw converts classes were hcld io disciple ond inl¢¥ral¢ n¢w ¢onv¢rLS inio the lo¢81 ¢hur¢h¢s. New ¢onv¢rts undenvent mandatory courses and mentorship on th¢ l¢nel% ofthe church, church practices and Lhc corc valucs of the Church of Pcnl¢¢osi. Th¢ rla55¢5 w¢rc run either through physical meetings on Sundays or viriually during the week. Operatlons of Mini$trieJ and or¥anisali0115 The Counyelling Miniitry Districts have counselling teams set up at District and l.o¢al leve15. Mosi lay coun5ellor$ have attended ¢oun$¢llin8 course5 at the Birmingham Christian Collcgo. The counselling l¢ams d¢alt with ¢ase$ su¢h #s marriagc and relalionships. child delinquency, social, firtancial, acad¢mic. moral, spiritU¥41, h¢alth, umvngs¢ oth¢rs. Th¢ Ministry also provided spiritual direction and talking theTapy. Pre-marital coun5clling classes were held for would-be coupIES. The counsclling loams a150 Sl8n-p05tcd members to relevant government agencies and support networks. Evangelism mi￿15(ry Evangcli5tn Coordinaling teams exist at every admitjistrative levEI of the church and they ensured that the evangelism activities at each level wer¢ well organi5ed. Oulrcachcs werc h¢ld in major cities and towns in the nation. 'lThere werc collaboratiOll5 between Ewang¢lism and other Ministries to spread the g95pel. Districts and locals Assemblies en8a¥ed in innovative m￿¢15 of ¢van¥elism during the period under review. Breakfast and lut]ch meetings were held with th¢ aim of reaching the unsaved as members invited their friends and family to such programmcs. In November 2023, the church relaunched, the One member, One Discipl¢d Soul Project during the church's national evangelism w¢ek. and members were encouraged to share their faith with their unbelieving colleagues and family m¢mb¢rs. THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 ChHpl&incy Ministry The fUnctiO￿al chapl&incies ¢XiSiing at the disirict level are the Prison and Hospital Ministry and the Ministy to RcfllgT￿5 and Asylum S¢¢k¢rs. Th¢ R¢fug¢¢s wid Asylum Seekers chaplaincy was laun¢hed during the year under review. Children'5 Ministry 1.he Children's Ministry held thc national Quiz Comp¢tition in June whi¢h saw almost fifty children partiripalinB in the vorious age categories. The children engagcd in activitie5 that imbued Lhem with life skills and deep spiritual knowlcdge. The Ministry has several dedIc￿ed volunteer (each¢r5 whose ¢¢achin¥s are impacting on the 5piriLuo1 and physical well-being of ihc childwn in the church. Vouth Mlnistry Th¢ youth participatcd in all church a¢liviti¢s held during the period under. The Youth Ministry wos represented In all aspccts of our liturgy and wu¢ c5PCCi811y on th¥ forefront of our media ministry. music minisiry, sem)ons, technical etc. 'lThe Youth Ministry cxtended its operations. This increased the number of Pent¢cost Student Associations (PENSA) in the UK from 43 to 48. Th¢ sense of belongin8 ond uscfulness that ihese activities create in thc youth help them to improve thcir life and moral skills, Ic¢hnical skills and good citizenship. National Youth & PENSA Minisiry iniroduced a concept called TRANsfoRMF:RS TOUR which is a revival and evangelistic program hostcd #cross different towns and citie$ across the natiiTrn. 'I'h¢ 10 tours held g¢ross th¢ nation yielded many exceptional Te5uIts wilh attendances tiyiallin¥ OV¢T 1,200+ tran5forni¢r5 ¥4¢ro¥$ ¢h¢ nativn. Wornen'j Ministry The I,cad¢Tship of th¢ Ministry mobili5¢d m¢rrLbers tn participate in all National, Area. District, and Local events. Thc ministry was particularly hclpFul in mainlainirtg th¢ spiritual momentum of thc women in the church through various prayer-based iniliativcs. Thc Mini8try org8ni5¢d talk of thc followin&b (opic8', Wcll.Being and R¢posiiioned Woman- "General health check - how io avoid cm¢rgcncy admissions" "Kidney Carc" 'Physiotherapy and Phamiacy - Role in Kespiratory Inpatient Care" H¢Alth thlk5 on High blood pressure, Prostaie and Ccrvical Cancer. The events were well atlcnded and has shown growth in the ministy. Pentecost Men's Mlnljtry (PEMEM) The Men's Minisiry organised a rnnge of activities on the theme. A notable eyenr during 2023 w&8 the National PEMEM resid¢nthal R¢positioning Conference which took place from 15th lo 17ih June 2023. in Milton Keync5 urtd¢r th¢ Th¢m¢.. 'R¢positionirt8 ihe Men for Maximum impact in the Home, Chur¢h and the Society. (Colossian5 2.6-7 & l Thcssalonians 2'.18-19 & Genesis 18'.18.19, 26.'1.3a). A total of 725 rn¢n r¢gister¢d ￿ attend the ¢ortferert¢e. Th¢$e programmcs and actLVlties have contributed to thc holistic developmcnt f4nd Iran$forniation of the men in the church into godly leaders of their homey. Tht Christian Healthcare Professlonal Network (THE CHPNET) The physical wellbeing of thc mcmbcrs of ihe church is of paramounl importance to thc leadership and hence healih ialks were incorporaled into all major activities of thc church. Thc CIIPNET) held health talk5 on various topics across the nation. They olso held a leadership conference in Novcmber on women empowerment, in hEalthcare education and healthcare pmvision in the communities in the UK. Some health activitics and topics in the roview p¢riod were "Women's Well-Being End Repositioncd Woman- A Peacemaker, "General h¢alih check- how to avoid emergency admissions" "Kidney Care" "Physiotherapy and Pharni8cy - Role in Respiratory Inpaticnt Car¢" Other topics includcd Hcalth talk5 on Hi8h blood pressure, Pr05tatc and Cervical Cancer, while awar¢nes5 Wa5 also created for the member$ to go for regular chrck.ups. Monthly LTreal Presbytery Mttting5 To meet the requirement5 of Vision 2023. monthly local presbytery meetings were held by local church¢5. Th¢ mceting5 were used to revitw the implemcrttation of Vision 2023, assess thc local church's perfomiancc and address issue5 of cortcem to members. This has resulted in a remarkable increase in visitations and contacting of tnembers. THE CHURCH OF PENTECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED31ST DECEMBER 2023 OTHER ACTIVITIESIACHIEVF.MENTS Conv¢ntlon$ The 2023 National Easter conventions were held from Thursday 6th April 2023 to Sunday 9th April under the theme, "The old is gone, the new is here. {2 Corinthians 5'.15-17)- National Holy Ghost Prayer Conferences were held across in all districts of the church 19th to 21st May. Chrisimas Convention was held successfully across the nation in all Districts. Members experienced the power of the Holy Spirii through the ministrdtions from the various speakers. ACHIEVEMENT OF PROJECTIONS 1,117 Evang¢lislic Outrcaches were held in the Nation. 1,162 souls were won to the Ltsrd. representing an increase of 74.5O/D compar¢d to 2022. 729 converts were bopiiLed in w4t¢r, r¢pr¢s¢n¢ing an incrcasc of 58.80h compar¢d to 2022. 10 ncw assernblic5 Icon¥r¢gations) were startcd in 2023. 4 new districts were created in th¢ year under review. 578 members rK¢IV￿ b4ptlsm in the Holy Spirit. 283 back51iders wcre supwrted and won back lo full fcllowship. 392 Home Cells operatcd during the reportin¥ year. 497 Bible Study groups opL'rated durin&T the reporting ycar An avcr4gc of12,979 people attended Sunday Elible st￿dIes on A w¢ekly basis 5,163 weekly Bible Study classcs were held. 1,123 weekly New Convcrt5' classes were held. 4839 Mid-week meeting5 for IC￿h1n￿l and prayers were held. 331 Talks were given on Marriage and Family l.if¢ in all th¢ di5trirl5. 1.717 cla5scs were held in tothl by all mini5trie5 to inforni, instru¢¢ and ¥uide members in various aspects of social. hcalth. economi¢ and 5PiTltual life. 8 mini5ter515 fulltim¥ and 3 Bi-vocational) wer¢ called into th¢ ministry. 2,800 ordained lay Icaders volunteered (o help rnn ihe church in the are￿ of finance, administration and pasloral care. 225 stud¢nis parti¢ipdt¢d in PENSA activilics in 48 University cdmpu5 in the UK. 1700 participants attended the Nalional Women's residential Conference in October 2023. 725 participants aitcnd¢d the Penlecosi Men's Ministry IPEMEMI residential Conf¢r¢nc¢ in June 2023 on Rcpositionin¥ Men for Maximum impact in the Hvm¢, Church and the Society. A property valued at £4.6m wa5 acquired at 12.38 Hatcham Road, South London, to serve as & place of worship two congrcgation5. A properly Valu￿ at £1.05m was acquired in Harlow for a plac¢ of worship. A lull renovation of JaTncs McKeown Temple at 1123 Cathcart Road, Glasgow. ¢ommen¢ed in November. A new roof installation to the James McKeown Sancluory al Sunrise Parkway, Milton Keynes wa5 ¢ompleted. 2 missionaries were sent out to Abu Dh4bi and Iceland. A walk-in Surgery Counselling Service which was opened to the public was held in Dagenham. Exploratory Chtsrch plantin¥ activities were carricd on in Isle of WiLJhL Isle of Man, Isle of Guernsey and Gibraltar. Volunieers and OffJ¢ets Appreciation Week wa5 held in all districts. THE CHURCH OF PEI¥TECOST- UK REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRATEGIC REPORT Financial review Financial position The group results for the ycar under review reports a surplu$ of £1,033,994 (2022- £1,075.939). This includes operating sujylus of£i,038,378 (2022- £520,565) from ihe opeTatioM$ of ihe parent ¢harity. Incoming R¢sour¢es th¢ total income for ihe year under review was £9,510.668 12022 - £8.775,975). This repr¢senis an increase of £734,693 or 8.370h increase on the previous year. F.xp¢nditur¢- the tolal expenditure for the year is £8.476,674 (2022 - £7,700.036). This represents an increase of £776,638 or 10.09Y• on the previous y¢gr. The increase in expcndilure is Tnainly attribu¢4blc to the amounts incurred on th¢ bridging loan int¢re$l ¢harg¢s related to the wuisition orth¢ Trlakhman Rg4d propcrty. The irusi¢¢s ¢onsid¢r that th¢ charity'5 Posltion at the year-end is satisfactory. 11)e charity's cash ai bank rcmains a¢ a level Ihat 15 enough to pay its expenses as they fall due and pursue its objectives. Prln£lpal funding Jourcej Ih¢ Church raised the funds which it nccds to cary on its arliviti¢s from within its own mcmbership and ongr¢gation5. No wider public appcol w&s m&d¢ for funds during th¢ year. The Trust¢¢s ar¢ satisfied that thc charily's assets atiribuiable to ¢a¢h of lis individu41 fund5 ar¢ availabl¢ and ad¢quat¢ lo fvifil IL4 obli8alhons in relation to those ￿nds. Reservei PDIICY The Trustees have establishcd a R¢sErvc$ Policy to ¢nabl¢ thc church to funclion cffccliv¢ly and m¢cl it5 obligation in the event of o declino in our incomc or a major cosl increase. Having ¢on5idcrcd thc rclevant risks of chan¥e5 in income and expcnditure, thc Tru8tec5 have detern)ined that the appropriate level of reserves 15 in thc range £600,000 t(> £800.000. We currenily hold more than this amount and the trustees will be reviewing the policy in the n¢ar fulure. The group's ioial fund5 ai 31 Dcccmber 2023 were £19,793,407 (2022 - £18,759,413. Prlnelpal rlsk5 and uncertalntks Risk Managernenl The trustees recognise thai the scope of our opcraiions 8eneraie considerable re$w)nsibiliiy and take seriously the need to ensurc that the reputation of th¢ ¢hur¢h is mainlairted. Ihe Church relies heavily on the efforts of volunteers Bt thc local level. Thi5 exp05e% ihe church to failure by volunteer5 to comply with laid established policics and internal contro15. 1.0 ameliorate it5 risk, a National Intemal Audit Committee checks the books and operating proC¢dU￿5 of th¢ districts at regular intcrvals. Safegugrdlng Safeguarding employee5, voluntccrs and the vulnerable members of the Church is an issue that we take seriously. The church has established a National Safeguarding committcc to monitor and report 15SUCS tknt could wtentially impair to protect our worshiper5, employc¢s and childrcn. 10 THE CHURCH OF PEJ¥TKCOST- UK REPORT OV THE TRUSTEES FOR THE YEAR ENDED JIST DECEMBER 2023 STRATEGIC REPORT Future plaDS PROJECTIONS FOR THE YEAR 2024 > To deploy Business Central and Church Management System. > To renovate old and purchase new properties. > To call five new ministers in ministy. To observe a local welfare week in January. To hold National Evangelism Seminars in Febru￿ and Evangelism month in August. > To hold officers AFrf)Stolisation in Febn￿ry. To hold McKeown Missions week observance in March. To hold an all minister.s and wives. prayer meeting in April. > To hold Children's Ministry leachers safeguarding training in MAY. > To hold Pcntecost week Holy Ghost Prayer conference in May. > To hold the National Children's Ministry quiz in June. To observe Nulional chaplaincy month in July. To observe a National S&feguarding Awareness day in July. > To hold national projects day offerin8 in July. > R¢furbish 12-38 Halcham Road for use a5 a worship place. > To hold th¢ National Children's Minislry week in Seplember. > To hold Volunt¢¢rs and Officcrs Appreciation week in October. > To increase tithes and offerings by at leasi l OQ/o. IpTATF,MEf4I' OV TRIJ$TtESl RfSPONSIBiLITIts I hc IDJsieL'S Iwbo are Al￿) ¢h¢ dir*ciors of 'lht ChtsTth OT thtoEoit- UK Ibr thB Pufj￿. u of¢tsmpany Llw) afe p(>niiblt ftJrrA¥paTllig th¢ Reportof the ttuMtCX4nd tho fin•nc)Al swem¢ntg in ￿tordancE wlih w)plicabl¢ l•w Ind Ilniled Kin8dDm Ac¢ouiitln8Sw)diTd8ll1ni￿ Kin&¢knrt Gencrnjly A¢coptrd Attouniln&Thaake) inuludlLIII l.In&iieial R¢wrtln8 102 Fin￿¢￿•1 Win8 •pplic8ble in tho IIK thd Reptsblic of INlaThd' Company low TEqiltr•i lh4 irll*eei tr* ryeplrt flnnficlBI Its￿m•n￿ for *a¢h tIMn¢lil yw whKh slv• i •Md ed￿r ul th¢ sts¢e or affairs ibf IhL ¢h8rii8ble COThPBny Ind tsf th¢ incoming wouYc¢s &nd 9ppli¢wion of ur¢ci, IncI￿Ng th¢ *Kpertdliurfy of th¢ thorithbltr LX¥H￿lY p¢ritxl. ple￿rInk tlwsg flmllnclAI Jtnthments, tnLJtth w¢ rtyubEdt loct 3ts1(thJ¢ I¢touftti￿ p)Ilckn thdthen Bpply thorn ¢oMIM¢llily'. observe th•methodA In Èh? Chorlty SORP: ¥i>tske jiid8¢mcnis D)Id ￿lM)E£l Ihui reasoniblo gnd prud•ni' #thte wh¢ih¢roswlic•bl¢ ￿￿Unti￿¥￿d&dl h•vL hoon followe￿ wbied ￿ •y mltsrial dyDJre• disclo￿d nd explwnd in Ilie finMciAI Ii#i•m¢niq', QPBtv tho fuian¢l419141em¢nts on ￿1¢ ¢oDcffli buij llni¢#i tt li Inyrn￿ to pMthi¢ tho Lh•ri14blv wtll ¢4>nltnM¢ in bllJlnu$. 1'1it fotk¢EPtn8 PTcy¢r•¢&ounrfng mord• whl¢h d18clo¥• wlth mArJi•hle llWAirwatuTry limo th• lin¥ncwl po$itlon of flt* ctrwllAbh compllny wid lo ¢nllbl¢ Ihcm 10 ¢n>uro Iliil fin#tt¢lrtl sthtsmoAIS Diiiply wlth the conipani￿ ALI 2006 (.'Mrli1¢5 and 'f￿￿￿ In¥C￿1n¢nI (S¢otlMIKII ?.OO% And riAul*iion$ 6 nf lh¢ Ch¥ritkn A¢wunLI {S¢oilllndl Rty8ulatipns 21)06 (As Amcndod). xrL llLsD rc*￿￿￿1hl4I for Yartg￿1Td1Mm of tho rhwlioble ￿mpAnY hllTrr¢ for iho i)reveiiliOn wid do￿1[0￿ of ItRlld llnd irre¥ulariil In ¥0 far lh¢ I1￿￿¢¥ are •warL Lhcre li no rtl¢vaiii Audlt ￿lf•￿I￿rI￿n oywhlch iho ohoriillblE ¢%)mpJng• ludltm ore IlnAIW•' and tho 1ry81#8 lioY¥ laktn oll *lCPS Ihui uught w hllv¢ lllk¢n ￿ indk¥ thahMlvrJ awirt of Jny ¢cloYknt inform4tlrA5 andto Mtlbllih th*t thg awJlM4¥¢ iwAreof that knfornalw)ft. IIDITORS 'I'h¢ audlinr8, l.eroy Rold & Cpi will be yopoxd trN-oFyolnmiuia¢th¢ forthcomStt8 AnDu&I Gefternl M¢cilni. Iltswrtofihe twust¢•s, IncoTporAIknKa Str4thgio r¢m •pkYts￿d by Ndrof th¢ knoudof tNitee& ¥ th•£om dir¢¢ifn. un 19 ts¢yltmbBr 1024 and sl¥nod on th¢ trThrd'i boh41f ty,. Ke* K.Frempow*kndu 12 REPORT F THE INDEPEND&NT AUDITORS TOTHE MEMBERS OF THE CHURCH OF PENTECOST- UK Opin5on We hav¢ audited the fin8ncial st￿eMentS of The Church of Pente¢05t- UK (the parent charitable company) for th¢ y¢8r ended 3 1st December 2023 which ¢omprise the Consolidated Statement of financial activitie5, the Consolidatcd Statement of financial position, the Consolidat¢d Statcrnent of cash flow5 and not¢5 to the financial stat¢m¢nts, including gl summary of significant aecounting polici¢5. The financial reporting frarnework that has b¢¢n appli¢d in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generdlly Accepted Accounting Practicc), including Financial Reporting Standard 102 The Financial Reporting Standard applicable in th¢ UK and R¢public of Ireland.. In our opinion the financial s¢atcmcnts'. ive a truc and fair view of the state of the charitable company's affairs os at 31 st December 2023 and of ils in¢oming resourc¢5 and application of resources. including its income and exp¢nditur¢, for the yeAT then ended,. have b¢¢n properly prepared in accordanee with United Kingdom Generally Accepted Accounting Praclice, including financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ir¢land'" Y4nd havc been prepared in a¢¢ordan¢¢ with th¢ requirement5 of the Companie5 Act 2006, the Charities and 'fTUStee InYe8tTnent (Scotland) A¢1 21M)J and regulation 6 and 8 of the Charitie5 Accounts (Scotland) Rc8ulation5 2006 (a5 amended). In our opinion th¢ financial 5tatements'. give a true and fair vicw of the State of the charitable company's 8ff4irs w at 31 st D¢¢ember 2023 and of 1¢$ in¢omin8 resources and application of rcsour¢¢s, in¢luding it5 incom¢ and exp¢nditurc, foT ih¢ year ihen endcd,. have been properly prepared in aceordAn¢e with Unil¢d Kingdom G¢ncrally Accepted Accounting Praclice. including Financial Reporting Standard 102 'Th¢ Financial Rcparting Standard applicable in the UK and Republic of Ireland,: and have bcen prepared in acwrdance with the requirements of the Companies Act 2006. BAsiJ for opinlon We conducted our audit in accordance with International Stsndards on Auditln8 {UK) (ISAS (UK)} and applicable law. Our responsibili¢i¢$ undcr th08c slandards are fijrther described in the Auditors, reS￿nsibilItieS for the audit of the finAncial statem¢ntS Scction of our report. We Are independeni of the ¢h¥ritabl¢ ¢ompany in accordonco with the ethical requir¢mcnt5 Ihat are rclcvant to our audit of the financial siaiemcnts in the UK, including the FRC'S Ethical siandard. and we have fulfilled our oiher ethical responsibili¢i¢s in ac¢ordgn¢¢ with ihcse requirements. We believe that the audit evidence we havc obtaincd is SU￿7¢l¢nI And appropriate lo provide a basis for our opinion. Con¢lu$lonJ relating to Rolng eonetrn In 8uditing ihe financial statements, we hav¢ ¢on¢lud¢d that the trust¢e5' uye of the going concern basis of accounting in the prcparation of the finan¢ial Statements is appropriate. Based on the work we havc perfomed, we have not identified any material un¢ertE4inties relatin￿ to events or conditions that, individually or collectively. MAY cast significant doubt on the charitable comparty's ability to ontinue as a going concern fora period of at leasttwelvc month5 from when the financial $talem¢nts arc 8Uthori3cd ror isSUQ. Our re5ponsibilitie5 and thc responsibilktie5 of thc truslccs with respect lo going concern are de5¢ribed in lh¢ rglcvant scctions of this report. 13 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE CHURCH OF PENTECOST- UK Other infomotion Ibe trustees are resportsible for the other inforniation. The other infomiation comprises ihc infomation included in the Annual report, other than the financial statements and our Report ofthc independ¢nl auditurs thereon. Our opinion on thc financial staiernents does not cover the other inforniation and, exc¢pt to the exieni othetwise explicitly Stated in our report. we do not express any forni of assurance conclusion theTeon. In connection with our audit of the financial siatements, our responsibility is to read the other infomiation and, in doing so, consider whether the other infonnatiori 15 Tnalerially inconsistent with the financial stat¢m¢nts or our knowledge obtained in the audit OT otherwise appcar5 to b¢ myt¢rially misstat¢d. If we identify such material inconsistencies or apparent material misstatements, we arc rcquir¢d to d¢t¢rn]ine whether this gives rise io a material misststemeni in the financial sthtements themselves. If, based on th¢ work we have perfoTm£d, we conclude thdt there ig A material misstatement of ihis other infomiation, we are rcquired w r¢port that fact. We have nothing to rcport in thi5 reuard. Opinions other rn•tton prexf rlbed by the Compgnle8 Aet 21K16 In our opinion, based on the work undertak¢n in th¢ cour5¢ of ih¢ audit: the infonnation given in the Report of the twstee5 for th¢ financial y¢ur for which the financial st&t¢m¥nls are prepared is consistent with the financial ststements. and the Report of the trustees has been prepared in accordance wilh app1]￿ble l¢gal requirements. Mal¢¢rJ on whleh w¢ or¢ requlred to report by exeepilon In the lighi of th¢ knowledge and undersianding ot Ihe charitable company and its environment obtained in the COUTSC of thc audit, w¢ hav¢ nol id¢ntifi¢d mat¢rial missialcments in the Report of the trusl¢¢$. We havc nothing to report in r¢gP¢¢t of th¢ followin￿ matters whcre ihc Companies Act 2006 And the Charities Accounts (Scotland) Regulations {￿ llm¢nded) rcquir¢s us lo report to you if. in our opinion.. adcquate accounling rccords hav¢ not bc¢n k¢pt or reiums adequate for our audit have not been r¢ccived from branchcs not visited by us,. or the financial statements are not in agreemenl with the llccounting record8 and reiums. or certain disclosures of trustees, remuncralion 5pccifi¢d by law are not made; or we have not received all the information and explanation5 w¢ rcquire for our audil. Responslbllitles of trustees As explained more fully in the Statement of trustees, responsibililies, the ITU5tee$ (who are also the dircctors of the ¢hariiable company lor thc purposes of company law) ore responsible for the preparaiion nf the financial sialements nd for bcing salisfjcd that th¢y give a true and foir view, And for such internal control ay the irustees detcm)ine is n¢cc58ary lo enablL thL prcparation of financiAI $iatemcnts that are free from material mis51atcmenl, whether duc tu fraud or error. In preparing the financial 5tatem¢nl$, the irusiee$ are regpon8ible for assessin8 the charitable company'5 ability to continue Hs a going concern, di5closin¥, as applicable, matters rclated to going concern and using the going concern basis ofaccounting unless thc (rustees either intend to liquidate the charitablc company or lo cease operations, or hove no realistir alternative but to do so. 14 REPORT OF THE INDF.PENDF.NT AUDITORS TO THE MEMBF,RS OF THE CHURCH OF PENTECOST- UK Our regpoTrsibilities for the audit ofthe financial $tst¢ments Our objectives are to obiain reasonable a55urnncc about whethcr thc financial stal¢Tnents a5 a whol¢ ar¢ fr¢¢ froTn material MISSta￿ment, whether due to fr4ud or¢rror. and t(y issu¢ a Report of the indcpcndcnl auditors that in¢lud¢s our opinion. Reasonable assurance i5 a high Icvel of assurance, but is not a guarantee that an audit conduct¢d in accordance with ISAS {UK) will always de¢￿1 a material Tllis5ta(¢ment when it exists. Mi5Stat¢rn¢nts arise from fraud or etTor and are considered material if, individually or in the ag￿Tre￿at¢, they c4)uld r¢asonably b¢ expected to influence the economi¢ decisions of users taken on the basis of these financial statements. Irre￿Ularltics, in¢luding frau¢L are instances of non.compliance with laws regulations. We design procedures in line wilh our re5pon5ibilitie5, Outlined above. lo detect material misstatements in respect of irregularitics, including fraud. The extent to which our procedures are capable of detectin￿ irregularities, including fraud is d¢tail¢d b¢low'. As part of an audit in accordance with ISA$ (UK), we ¥xercise professional judgement and maintain profe5sionuI sceplicism throubhout the audit. We a150'. Identify and assess the risks ofmaterial misstatement of the financial statement& whether due to fraud or eTTOr, design and perform audit procedure5 responsivc to those risk5. and obtain audit evidence that 15 sufficienl and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion. forbjery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of intcrn&l control relevant to the audit in order to dcsign audit pro¢edures thai ar¢ appropriate in the circumstances, but not for the purp05c of cxpre58ing an opinion on the cffectivene85 of the charilable company's intemal control. .valuate the appropriaten¢s5 of accounting pulicies used and the rea50nableness of accounting estimates and related dis¢losure5 tnad¢ by thc Iru5tee5. Conclud¢ on the appropriatoness of the trusiees, use of the goinbi concern basis of accountin&i and, bosed on the audit evid¢nc¢ ob¢aincd, whether a material unccrtainty exists r¢l&t¢d to events or ¢ondilions thai may cost significant doubt on the chaTilable company's ability 10 continuc as a uoing concem. If we conclude that a mai¢rial uncertainty cxi5ts, we are required to draw atLL'niion in our R¢pori ofih¢ independcni auditurs to the relaied di5¢105uies in the financial statements or. ifsu¢h dis¢losures are inadequate. lo modily our opinion. Our ¢onLlusions arc based on the audit eviden¢e obtained up lo the date of our R¢purt of the ind¢pendent auditor$. I lowever, future events or condiiions may the charitable cornpany'5 to c¥a5¢ to ¢onlinue as a going concern. F.valuate the overall presentation, siru¢iure and ¢vnt¢nt of the finan¢i&l stalem¢nls, including the di5¢10sures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. W¢ ¢ommunira¢c wlih ih05e char¥ed with governance re8ardin8, among other matters. the planned scope and timinb) ofihe audit and significant audit findings. including any 518nific8ni deficiencics in intcrnol control that wc identify during our audit. 15 REPORT OF THE JI¥DEPENDENT AUDITORS TO THE MEMBERS OF THE CHURCH OF PENTECOST- UK Use of our report This report is made solely to the charitable comp￿￿5 members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006, andto the ¢haritable company's tNstees. as body. in accordance with section 44(1) ( c) of the Charities and Trusiee Investtn¢nt (S¢otland) Act 2005 and regulation 10 of the Charilie5 Accounts (Scotland) Regulations 2(K>6 {as aTncnded). Our audit Work has been undertaken 50 that we might state to the chariiable company's members those mattetB we are required to stsle to them in an auditors, report and for no other purpose. To thc ￿lIest exlenl permitted by law, we do not accept or ossume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit wo￿, for this report or for th¢ opinions w¢ have formed. Mr Eben¢zer Okai, IBSC). FCCA (Senior Statutory Auditor) for Bnd on b¢h8lf of L¢roy Reid & Co Chart¢r¢d Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW164TR Date.. 3o.0g- 16 THE CHURCH OF PEIYTECOST- UK ONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31ST DECEMBER 2023 2023 Totsl funds 2022 Total fund5 Unrestrlctod Rostrieted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 28 ,430,354 719,519 9,149,873 8.336,706 Charitable activliies Church 4a 85,893 85,893 59,334 BCC 251,308 251,308 375,813 Inv¢stm¢nl in¢orn¢ Total 791149 719519 9510668 775 975 EXPENDITURE ON Charltabl¢ a£livities Charitable activities Support cost Governance cost 7,906,440 277,207 225 077 67.950 7.974,390 277,207 6,966,067 661,789 Totsl 8 408 724 8 476 674 7 700 036 NET INCOME 382.425 651.569 1.033,994 1,075,939 RECONCILIATION OF FUNDS Totgl funds brought fonvord 15,435,523 3,323,890 18,759,413 17,683.474 TOT AL FUNDS CARRIED FORWARD 15 817 948 3 975 459 19793 407 18759413 17 THE CHURCH OF PENfECOST- UK PARENT CHARETV STATEMENT OF FINANCIAL A￿1VITIEs FOR THE YEAR EiYDED 31ST DECEMBER2023 2023 Tot41 nds 2022 Tot41 fund8 Unrei¢ri¢ted Restrlcted fllnds fund Notes INCOME AND ENt)OWMENTS FROM Donation5 and legacies 2¢ 8.427.673 669,519 9.097,192 8.183.540 Charitoble activltle Church 4b 85,893 85,893 59,334 Investment income Total 8 537 160 669519 9 206 679 8 246 996 EXPENDITURE ON Ch*rithbl¢ aclivliies Chuwh Support Cost Governance cost 7,482.334 469,968 215999 7.482,334 469,968 7,364,336 289,915 Total 8 168 301 8 168301 7726431 NET INCOME 368,859 669,519 1,038,378 520,565 RECONCILIATION OF FUNDS Total funds brovghl fonvord 14,428,220 2.309,261 16,737,481 16,216,916 TOTAL FUNDS CARRIED FORWARD 14797079 2 978 780 17775 859 16737481 18 TATE TDE 202 2013 Nolei FIXED ￿￿ET$ TwTri +le *ty¢ts 25,152,369 11,767.036 CURREKf ASSEI¥ Debto Cuh at b•Thk 1,057.026 994394 3 3441305 4.637.239 4,442.S99 CREDITORS Amounts fAIIiD8du¢ withln onc y ij (5,510299) {614,50 NETCURRENT (LIADILITIEYASSETS TOTAL ASSETS LBSSCURRENT LLABILtTIES 24209,329 22.S25,127 CREDITORS Amolll￿ failii¢du¢ thmorn thth on¢ Y￿ IJ 14,415,922) {3.76S.714) NKT ASSLTS 19 793 407 18 759 413 FUNDS 17 15.117.948 3 975 459 15,435.523 3 32) 890 TOTAL FUNDS 19 793 407 18 759 413 The IlrwL¢lal stthm¢nts w¢r¢ approved ty the Bowd of Thsit¢u wthorlmd for Iwu¢ M 29 $8VfKMBIA 21Tr24 •nd were ilKDed ￿ its b¢half by.. iiev 14)rd El rrn.DoDk•r Ch•5rmAn ind Tr¥th¢ R¢¥ Ch•rte• T¢ddy AdupoDI 19 wSth CarnScann•rf ci L POSITI 21n2 N•1 FIXED ASSETS Thn8ibYo asseii I l(b) 23,2J5,JlO 16.791556 CUftRKf￿ ASSETS Deb¢ 120>1 968,714 894.866 J 553 262 ￿109 it bmk 4.S21046 4,32&975 CREDFTORS Amounts tlllln8 due wlihln only￿r 13(b) (J.565J76) 1620JJ61 NETCURRENT ASSETS 30 TOTAL ASSETS LESS CURRKNT LIABILITIES 21191.710 30JDJ,19J CREDITOR5 Amtyjnts filling du¢ aft¢r rn0￿ than onlyev 14 {4.413.921) v¢ are ag follow$'. Incomin¥ Movement rewure¢i Resources expended ln fundj Unre$trl¢ted fundj General fund 8.791,149 (8,408,724) 382,425 Re5trlcted funds Re5lricted Fund 719,519 {67,950) 651,569 TOTAL FUNDS 9 510668 8 476 674) 1033 994 Compar*tlveJ for movement In funds Net movement At fundj 31.12.22 At 1.1.22 Unrejtrleted fundg General fund 15,448,170 260,651 15,708,821 REStrl¢ted funds R¢5tricted Fund 2,235,304 815,288 3,050,592 TOTAL FUNDS 17683474 1075 939 18759413 36 THE CHURCH OF PENTECOST- UK NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDEDJIST DECEMBER 2023 A Current y¢ar 12 months alld prior year 12 months combined position is as follows: Net rnovement In funds At 31.12.23 At 1.1.22 Unrestrifted funds General fund 15,174,872 643,076 15.817.948 Restrlcted fundi Restricied Fund 2.508,602 1.466,857 3,975,459 TOTAL FUNDS A current year 12 months and prior year 12 Tnonths combined net movement in funds, included in the above Are as follow5.. Intorning Movtment reyourc Resourcog expended In funds Unrestricted funds Goneral fund 16.734.836 (16,091,760) 643.076 Rejtrleted funds Restrict¢d Fund 1.551.807 {84,950) 1,466,857 TOTAL VUNDS 18286643 16 17671 18. CROUP MOVEMENT IN RESTRICTED RESERVES ftd At 1.122 In¢omlni Expenditure At31.12.23 BCC BCC offerin8 Relircment Motor van Building Blank50n Foundation 104,994 22,377 172,113 11,380 2,879,335 50,000 7,969 625 21,397 620,962 67.950 147,044 30,346 172,738 32,777 3,500,297 19. ANALYSIS OV PARENT CHARITY NET ASSETS BETWEEN FUND5 2023 Totsl fund$ 2022 Total fundy Urtr¢stri¢ted Re$tri¢ted ruAd$ fund Fixed &ssot5 Curr¢n¢ as5els Current liabilitie5 Lon¥ t¢rn] liabilities 23.235,310 2.190,093 (5,675.290) 4 953 034) 23,235,310 5.108,873 (5,675.290) 16,796,556 4,326,975 (620,336) 2,978,780 14797 079 2 978 780 17775 859 16737481 37 THE CHURCH OF PENTECOST- UK IYOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED31ST DECEMBER 2023 PARENT CHARITY MOVEMENT IN FUNDS Net movcm¢nt In funds At 1.1.23 31.12.23 Unr¢5trlcted funds General fund Restrltted funds Charithble activities 14,428,220 368.859 14,797,079 2,309,261 669,519 2,978.780 TOTAL FUNDS I&38)￿ LU.11859 Net movement in funds, in¢lud¢d in th¢ abov¢ ar¢ 0$ follow$'. ReJour¢ei ¢xpendwJ Movement In fynd> resourccs Unr¢8lrl¢ted fundi Gen¢rnl fund 8,537,160 (8.168,301) 368,859 Rutrlcted funds Charitsblc activities 669,519 669,319 TOTAL FUNDS 1,038,378 COMPARATIVES FOR MOVEMEJYT IN FUNDS Net movement In fund$ At 31.12.23 At 1.1.22 Unrejtrleted furtd$ General fund 14,372,943 (144,723) 14,428,220 Restri¢l¢d funds Ch¥4ritabl¢ activities 1,643,973 665,288 2,309.261 TOTAL FUNDS 16,216,916 520 565 16737481 Comparntive net movement in funds, includ¢d in the above aty as follows.. 38 THE CHURCH OF PENTECOST- UK NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBF.R 2023 A ¢UTTent year 12 months and prioryear 12 monihs combined net movement in ￿nds, included in the above are as follow5.. Ineorning rosour¢e8 Resources expended Movement In funds Unrestricted funds General fund 7.504.708 (7.709,431) (144,723) Res¢rl¢l¢d fundg Choritabl¢ activities 682,288 (17,(KJO) 665288 TOTAL FUNDS 520,565 A ¢urr¢ni year 12 months and prior year 12 months combined position is as follows: 20. RELATED PARTY DISCLOSURES The Parent Charity made donations lotalling £93,586 (2022 - £590,232) to Bimiin8ham Christian College (FJCC) during the year. Th¢ full amount was ¢limin•l¢d on consolid4lion. 2. The salary of the Rcc¢or of BCC 1$ plid by ih¢ Par¢nt Charity and was not r¢cognis¢d in th¢ sub¥idiory. 3. The Parent Charity ob14in¢d a loan from Th¢ Charily Bank io financc thc BCC capital projec¢. The gmount ouislonding at the ycar-cnd wa5 £4112,855 {2022- £488,845). Intere51 paid during tho year was £36,161 (2022 - £15.243). Monthly r¢payments are made by the Parent company. 'lThe Parent Charity paid £194,886 (2022 . £114,314) to BCC for trainin¥ of Mini5ter5 and Lay le￿¢r3. 5. A loan of £7,(K)O was made to an ernployee who is a trustee for the charity. The loan was repaid in full by the end of the reporting period. 6. During the year under rcvi¢w th¢ ¢hority mgde paym¢nls on th¢ pgyroll lo related parties of the trustees totalling £53,324 (2022- £32.100). The breokdown 1$ 8$ follows: 2023 2022 Mrs A Som Mr5 F. Afriyie Mrs C Appiah Mrs A Frempong Boadu Mrs Joyce Donkor 4,800 4,800 8,400 10,800 8,400 10,800 53 39 THE CHURCH OF PENTECOST- UK NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 21. COMMITMENT UNDER OPERATING LEASE The Group had annual commitments for equipment under non.cancellable [￿e&. Operating lease payments are as follows.. 2023 2022 Within one year lrt on¢ lo two years 48,672 Nil 22. POST BALANCE SHEET EVENT The trustces of lh¢ chariiy completed the sale of land at 97 Peckham Road, London SE15 5LJ for £3,800,(M)O on Junc 2024. Inrludcd in bank loans due within one year is on amount of £4.750.000 which relates to a brid¥ing loan contractcd to Purcha￿ 12- 38 Hatchman Road propety. The loon was repaid in July 2024. 40 THE CHURCH OF PENTECOST- UK DETAILED STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 TotAI funds 2022 Totsl runds Unre8tri¢ted funds Re8trictrd funds INCOME AND ENDOWMENTS DonatlDll8 le4Aeies Tithes and offerings Joint services offering Gift aid ￿e1Vable Blank50n Foundation donations Youth conference Joint Ministri¢s offering BCC offerings Pension offering Building Fund offering Van offering Donations received by BCC 7,494,647 52.150 782,088 7,494.647 52,150 782,088 18,566 6.771,605 31,185 400,000 l6.529 263.132 35,329 22,377 16,293 627,089 18,566 98,786 98,786 7,969 625 620,962 21,397 7,969 625 620,962 21,397 50.0(K) 153 167 8.430,354 719.519 9,149.873 8.336,706 Investment In¢ome Deposit ac¢ouni interest 23,594 23.594 4.122 Charltable AeliYltle8 Other income Renlhl in¢ome Academic In￿Me 33,370 279,019 33.370 279,019 13,268 240,685 337 201 337 201 435 147 Totsl Incoming resour¢es 8,791,149 719.519 9,510,668 ,775.975 EXPENDITURE ChArltable activltles W&ge$ Social security Pensions Operating le8se rental Subscription & licen¢¢s Church plant & evangelism Joint ministries expenses Gifts. welfare & donations Premis¢s ¢xpenses Rent - churches & manses Motor, travel. subsistence and accommodation Volunteer expenses Equipment mainten8n¢e Catried lorward 1,599.634 30,314 230,515 4,671 6,577 274.079 134,118 193,897 891,069 1,685,920 593,264 45,116 114,854 5.804,028 49.095 1.648,729 30,314 230.515 4.071 6,577 274,079 134,118 193,897 891,069 1,685,920 593,264 45,116 114,854 5,853.123 1,517,374 26,367 226,498 4,398 278,112 45,066 109.664 675,445 1,423,765 506,185 24,462 89,349 4,926,885 49.095 NOTES TO THE FINANCEAL STATEMENTS- eontinned FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 Total funds 2022 Total funds Urtre5tricted Restricted fund8 Charltable actlvltiey Brought forward Insurance Bank charges Youth ¢onference expenses Audio visual expense5 Souvenirs & calendars ex￿￿5 Blankson Foundation expenses General charitable expenses GÉitV(loss) on disposal Communication Cosi Fr¢¢lan¢e Consultants Validation & ￿creditatiOn fee Caterin& refreshments and seminars Library expensey Advertising and marketing Student bursaries, ￿COMmodation & graduation Bad debis Freehold property Lon8 leasehold Plant and machinery Fixtures and fittings Motor vehi¢les Intere51 payable 5.804,028 94,337 30,578 49,095 5,853.123 94,337 30,578 4.926,885 88,042 32.346 964,849 9,419 22,494 17,000 5,021 2,015 11,419 2,015 11.419 l8,855 25,549 (5,480) 28.132 21,284 37,672 313,806 10,536 {420) 18,855 25,549 (5,480) 28,132 21,284 37,672 313,806 10,336 {420) 41,064 12.347 58,119 154,764 (I,o(ks) 59.224 42,257 307,791 82,359 146,459 186,464 112,795 20,987 431,991 82,356 141,378 73,678 118,321 664 273 20,987 431,991 82.356 141,378 73.678 118.321 664 273 7,906,440 67.950 7,974,390 7,435,892 Support eogts Other Training expenses TTav¢l and subsisten¢¢ Printing> Postage & ¢¢lephone Telephone and internei softwa￿ and w¢bsit¢ 20,730 762 54,271 42.373 159071 20.730 762 54.271 42.373 159071 49,160 3,181 65,047 35,652 277,207 277.207 186,784 Gov¢rnanie e08ts Audit fees Trustees meeting expenses Compliance expenses Legal and professiortal fees 43,997 1,779 2,098 177 203 43,997 ,779 2,098 177 203 37,222 2,386 1,098 225 077 225 077 Total resources expended 8 408 724 8 476 674 7 700 036 Net income 382 425 651569 1033 994 1075 939