PILLARI TiiirrH CHAPEL (ASSEMBLIES OF GOD) Kaxton Advisory lpillar Ilf Trulh fhapi. Tlio Vi¥ilr•' Iliill .)IAlehu ,5urr4'y
PILLAR OF TRUTH CHAPEL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31sf MARCH, 2024. The trustees of the charity present their report with the financial statements of the charity for the ycar ended 31. March, 2024. The trnstees have adopted the provisions ot the Statement of Recommended Practi¢e (SORP) 'Accounting and Rorting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS: Reglstered Charity Number: 1124958 Registered Office: The Vestry Hall The Crleket Green 336-338 iA)ndon Road Mltcham Surrey CR4 3UD Trustees: Mr Samuel Banson Mr Kwamena Acquah Mr Asante Frimpong Mr Yaw Osei Trustee (ChaiMll) Trustee Trustee Tnte¢ Independent Examiners: Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH Bankers: Lloyds TSB Bank 125 Balham High Roa London SW12 9AT
STRUCTU GOVERNANCE AND mANAGEmEr. Governance The ehurch is govern by a Coiistitution and the Church Council, as defined by the Charities Act 2011. Membershlp oftrustee board: The trustees of the charity are also volunlary trustees for the Purposes of charity law and under the charitys Constitution are known as membffj of the Trustees Board. Induction and training of trnstees All trustees are familiar with the prathical WO of the church and have undertaken training to support their role. Organizational $tru¢ture The Tru5tc¢ Board mccts quarterty and a quarterfy branch feedback report is givcn at Cdch meeting. The Pastor has the responsibility for the day to day operntional management of the church supported by the Assistant Pastor elected. Rlsk management The Trustees have a duty to identify and review the risks to wbich the charity is exposed and to cnsurc appropriate Controls are in place to providc rcasonable assurancc against fraud and error. Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedur¢s and risk a&wsments are in place to ensure compliance with Health and Safety of volunteers: members. childr. and visitors to the church OBJEcfivES AND AcfivITIES: Objeclives- For the Benefit ofthepublie a) To advance the Christian faith in accordance with the statement in such ways in such parts of the United Kingdom or the world as th¢ Church Council from time to time may deem fit. b) To relieve sickne&8 and financial hardship and to promot and preserve good health by the provision of funds. goods or services of any kind including through the provision of counseling and SUPFK)rt in such ways and in such ws of the United Kingdom or the world as the Church Council from time to time may deem fit c) To advance education in such ways and in such parts of the United Kingdom or the wvrld as the Church Council from time to time may deem fit.
ACHIEVEMENTS AND PERFORMANCE IN THE YEAR The church embarked on an evangeli7ation mission this year to win soul.8 for the kingdom of God. Revival viceS were held quarterly kn evangelize and propagate the good news. a) The Chapel as a Pentecostal Evangelical Bible believing Church based in England has seen a real development in social and spititual matter& b) The church contiaues lo support the spiriftwl and physical needs of the community. c) Community support is one form of ministy to convey the church mission to the local community. d) The church sends members to coDf¢reDces and Christian Iraining centers in effort to keep abreast of the dyTramism in the Chtistian communities. e) The church successfully organized annivew which was packed with spiritual and moral progrdmme in furtherance of the church's objects of operntion. FINANCIAL REVIEW: Church Flnances." The church finance committee was responsible for the financial planning during the year. The church was able to raise £69,716 as well as a total spending of £76,426 within the year resulting in a deficit of £&710.
STATEMENT OF TRUSTEES RESPONSIBILITIES The tnte¢S are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice IUK GAAP). Charity law requires the trustees to prepare financial statements for each financial y¢ar. Under that law th¢ trustees have elected to prq)are the financial statements ID accordance with th¢ United Kingdom Genernlly Aepted Accounting Practice (ullit Kingdom Accounting Standards and applicable law). The fmancial statements are required by law lo give a true and fair view of the stale of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements. the trustees are required to l. Select suitable accounting policies and then apply them consistently. 2. Make judgments and estimates that are reasonable and prudent; 3. Prepare the financial statements on the going concern basis Unle it is inappropriate to piesume that the charitsble company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with re&sonable accurncy at any time the financial position of the charitable company and to enable them to ensure that the financial statements mplY with the Chartties Act 2011. They are also responsible for safeguatding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
STATEMEIYT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT So far as the trustees are aware, there is no relevant inforniation of which the charity's independent examiners are unaware. and each trustee has taken all the sleps that they ought to havc tsk¢n as a trustcc in ordcr to makc thcm awarc of any cxamination inforniation and to establish that the charity's independent ¢xamin¢rs are aware of that inforniation. tNDEPENDENf EXAMINERS The independent ¢xaminers, Kaxton Advisory Ltd.. will be proposed for rwpointment at the forthcoming Annual General Meeting. On Behalf of the Trustees Boar&. Mr Samuel Banson 10 January> 2025.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PILLAROF TRUTH CHAPEL I report on the accounts of the Church for the year ended 31" March, 2024 which comprise the Statement of Finan¢ial Activities. the Balance Sbeet and related notes set out on pages 8 to 14 This report is made solely to the TTUSttts Board in accordance with Section 145 of the Charities Act 2011. My work has been undcrtakcn so that I might stat¢ to th¢ charity's trustees those matters l am r¢quiT¢d to state to them in an Independent Examiner's report alld for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone othei than the Chutch and the ChUh'S trustees for my examination work. Respective responsfiblllties of Trustees and Examlner The Church's trustees are responsible for the preparation of the accounts. They eonsider tbat an audit is not Tequired for this year (under Sextion 144 of th¢ Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is rny responsibility to: Examine the accounts (under Section 145 of the Charities Act): To follow the procedures laid down in the General DiTe¢tions given by the Charity Commissioner (under Section 145(5Mb) of the Charities Act); and To state whether particular matters have come to my attention. Basis of Independent Examiner's report My examination was C&Tied out ID accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. 11 also includes Consideration of any unusual items or disclosur in th¢ accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and corL%quently no opinion is given as to whether Ihc accounts prt a 'true and fair, view and the report is limiied to those matters set out in th¢ stat¢rnent b¢low.
Independent Examiner's 8taterneDt In Connection with my examination, no matter has come to rny attention: l. Which gives me reasonable cause to believe ihat in any matertal respect the requirements .to keep accounting records in accordance with Section 130 of the Charities Act :and to prepare aOUnts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not becn met: or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the aOunt$ lo be reached. EMMANUEL ASHILEY. ACC KAXTON ADVISORY LTD SUITE 6 THE GENEIL4TOR BUSINESS CEKfRE SURREY CR4 3FH Slgned:.
PILLAR OF TRufH CHAPEL srATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 315r MARCH 2024 2024 2023 General Restrlrted Funds Total Total INCOMING RESOURCE Voluntary Income 69,716 69,716 113,682 69,716 69,716 113,682 RESOURCES EXPENDED Management and Adminlstration 76,426 76,426 103,703 Total Re80urcu Eynd•d 76,426 76,426 103,703 Net Incornlng Resourc•s (6.710) (6,710) 9,979 Net mrnent In Fund• 6.710 6.710 9,979 Balance Brought Foard 53,456 53,456 43,478 Transfers Balance Carrf•d FoThvard 46,746 46,746 53.456
PILLAR OF TRUTH CHAPEL BALANCE SHEET AS AT 31ST MARCH, 2024 2024 2023 Non4urrent Assets Musical Equipment 3.961 1961 2.830 Current Assels Bank (LloydsTSB) 43,983 51,824 51.824 Creditors Amounts falling due within year 1.198 1,198 Net Current Assets 46,746 53.456 Funds General Reslri¢Xed 46,746 53,456 46.746 53,456 Approved by the board Councll on .. ... 35 . And signed on its behalf by (Pastor in Charge) l Treasurer)
NOTES TO THE FINANCIAL STATEMENTS: I. ACCOUNTING POLICIES The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. Basts of Accounting: The fmancial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are infonnal gatherings of church members. Incomlng Resources: All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with Teasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary Income is received by way of coll¢ction of alms, tithes. special appeal for funds. donations and gifts and is included in full in the statement of fthancial activities when receivable. Grants where entitlement is not conditional on the delivery of specific perforniance by th¢ charity are recognized when the charity becomes unconditionally entitled to the granl. Donated services and facilities are included at the value to the Charity where thts can be quantified. The value of services provided by volunteers has not been include Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold. Jncome fiDm investment is included in the year in whicb it is receivable. Resourees Expended: Expenditure is recognized on the accrual basis as a liability is incued. Expenditure included any VAT which cannot be fully recovered, and is report as part of the expenditure to which it r¢Jates. Costs of generating fidS comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity's shop. Charitable exp¢nditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs are those costs incurred in support of expenditure on the objects of the charity and includ¢ project management. 10
PILLAR OF TRUTH CHAPEL NOTES TO THE FINANCIAL STATEMENTS - 31ST MARCH. 2024 2. INCOMING RESOURCES 2024 2023 General Funds Total Funds Total Funds Voluntary Income Géneral Fund General Offering Tithes Thanks Giving Other Income 28,029 26,605 6,209 8,874 28,029 26,605 6,209 8,874 34,719 28,452 12,063 38,448 69.716 69,716 113.682 TOTAL 69.716 69,716 113.682 11
PILLAR OF TRUTH CHAPEL NOTES TO THE FINANCIAL STATEMENTS . 31ST MARCH, 2024 3. RESOURCES EXPENDED: Note 2024 2023 Managemont & Admln Total Total Rent Wageslsalaries Donations Pastoral Care Travel Depreciation Insurance Welfare Printing, Postage & Ststionery Subscriptions Repairslmaintenance TaxlHMRC Telephone Instrumentalist Administration expenses Counal Tax Accountancy Fees Evangelism & Missions Penslon and Staff Welfare 12,288 18,500 14.942 5.644 3,060 869 702 8,780 1.470 201 650 12,288 18.500 14,942 5,644 3,060 5.830 23.100 9.400 3.820 800 207 1,340 2,590 1.110 229 220 3.148 825 390 814 567 1,100 702 8,780 1.470 201 650 720 460 4.385 720 4,385 1.200 1.846 711 76.426 1.200 1.846 711 76,426 1,218 56,688 12
PILLAR OF TRUTH CHAPEL NOTES TO THE ACCOUNTS. 31ST MARCH 2024 4: FIXED ASSETS Musical Instruments S stem PA T¢)tal Balance at stsrt Additions Disposal Balance as at 31st March 2024 5,537 2,899 2,000 8,436 2.000 7,537 2,899 10.436 DepreciationlRate As at 1st April 2023 Charge for the year Balance as at 318t March 2024 2,708 2,898 5.606 869 6,475 3,577 2,898 Net Book Value As at 1st April 2023 As at 31st March 2024 2,829 3,960 2,830 3,961 13
PILLAR OF TRUTH CHAPEL NOTES TO THE FINANCIAL STATEMENTS . 31ST MARCH, 2024 2024 5. Bank Reconclllatlon Bank balance as at 11412023 Less unpresented Cheque Adjusted Bank balance as at 3110312024 47.984 47.984 6: Credltors Falllng Due Within One year: Accountancy Fee 2024 1,198 1.198 7: Salarles: This represents the stipend of the Minister in-charge Rev. Akwasi Kusi, who Is on a full time ernploym8nt with the Church 14