## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Trustee's and Minister's Report**
The church ministers present their report with the annual accounts of the church for the period ended 30 September 2021.
## **Background**
Pentecostal Sanctuary Bible Ministries Limited was first incorporated on 7th September 2004. The ministers of Pentecostal Sanctuary Bible Ministries Limited continues to shoulder the responsibility of co-operating with the church members in promoting the whole mission of the church, ministerial, evangelistic, social and ecumenical.
The ministers also has the responsibility for managing the income arising from giving's by members and also for maintaining the church activities, all of which are dealt with in the accounts.
## **Activities**
The principal activity of the church is promoting, proclaiming and evangelising the words of God to all concerned. The activities of the church is normally carried out at Kings Heath Community Centre in Northampton but the church is actively seeking a permanent place of worship and the ministers continue praying and leaves their thoughts with God for a permanent site.
## **Service duty officers and welcomers'**
The ministers and other members (as time permits) of the church takes it in turns to act as service duty officers and as welcomers.
## **Review of the Results**
Within the year under review and after all necessary related deductions the ministry has a net deficit of £875 remaining at the end of this ministerial year as compared to a net surplus of £1,111 at the end of the previous year.
## **Going concern**
The ministers has a reasonable expectation that the church has adequate resources to continue evangelising and proclaiming the words of God into the foreseeable future. For this reasons, they continue to adopt the going concern basis in preparing the annual accounts for their church.
## **Incorporation and Registration**
The church's companies house registration number is 05 22 39 10.
## **Correspondence Address**
Pentecostal Sanctuary Bible Ministries Ltd 75 Great Holme Court Thorplands Northampton Northamptonshire NN3 8AE
1
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Trustee's and Minister's Responsibilities**
In order to achieve their statutory obligations as regards financial matters, the ministers are responsible for all the church finance, its management and control including the appointment of other officers such as the treasurer.
We acknowledge our responsibilities for:
- (a ) ensuring that the church select suitable financial policies and apply them consistently, make judgments and estimates that are reasonable and prudent and state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the annual accounts.
- (b ) ensuring that the church keeps adequate accounting records which are sufficient to show and explain all the church transactions and which record all relevant assets and liabilities.
- (c ) preparing annual accounts which gives a true and fair view of the state of affairs of the church as at the end of each financial year and of its results for each financial year in accordance with the requirements of the church relating the annual accounts so far as applicable to the church.
## **Minster's Acknowledgement**
We certify that the books, vouchers, invoices, statements and information made available and given to the accountant (Messer's Brown & Bam Associates) from which these financial statements were prepared contain a full and correct record of Pentecostal Sanctuary Bible Ministries Limited's business transactions to the best of our knowledge.
On behalf of the trustees, ministers and members.
28th June 2022
…………………………………….. …………………………………….. Deaconess Soyinka Date Director
2
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Accountants Report**
In order to fulfil their statutory responsibilities the ministers of Pentecostal Sanctuary Bible Ministries Limited has instructed us to assist in compiling these unaudited annual accounts.
We have prepared the annexed Statement of financial activities, Balance Sheet and the related notes from the records kept, information supplied and explanation given by the ministers of Pentecostal Sanctuary Bible Ministries Limited a church limited by guarantee for the period ended 30 September 2021.
This report is made solely to the Church, its ministers and members as a body. Our work has been undertaken so that we might state to the ministers and members those matters we are required to state to them in the annual accounts and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Church, its ministers and members as a body for our work or for any opinion formed on this report.
## **Basis**
- (a) The accounts of the church for the financial year in question are in agreement with the accounting records kept by the church under section 221 of the Companies Act 1985; and
- (b) having regard only to, and on the basis of, the information in those accounting records, those accounts have been drawn up in a manner consistent with the provisions of the Act as specified in subsection (6) of section 249C, so far as applicable to the church;
- (c) having regard only to, and on the basis of, the information in the accounting records, the church satisfied the requirements of section 249A(4), for the financial year in question, and did not fall within section 249B(1)(a) to (f) at any time within that financial year.
## **Opinion**
In our opinion the annual accounts give a true and fair view of the state of the church's affairs as at 30 September 2020 and of the Church's incoming resources and application of resources, including its income and expenditure, in the year then ended and have been properly prepared in accordance with the Charities Act 1993.
Brown & Bam Associates Accountants, Business and Tax Advisers
143 Pembury Avenue Worcester Park Surrey KT4 8BX **Brown & Bam Associates**
3
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Statement of Financial Activities For the period ended 30 September 2021**
|**Notes**
**Incoming resources**
Incoming resources from donors
Other voluntary incoming resources
Income from operating activities
**Total incoming resources**
**Resources expanded**
_Grants:_
Missionary and charitable giving
_Activities directly related to the_
_work of the church_
Church expenditure
Maintenance and administration
_Church management and_
_administration_
**Total resources expended**
**Net incoming/(outgoing) resources**
Gains on investments
**Net movement in funds**
Funds at beginning of year
**Funds at end of year**|**Unrestricted Funds**
**General**
**Fabric**
**Restricted**
**2021**
**Fund**
**Fund**
**Fund**
**Total**
**£**
**£**
**£**
**£**
20,450
-
6,798
27,248
-
-
-
-
-
-
-
-
**20,450**
**-**
**6,798**
**27,248**
2,317
-
-
2,317
11,671
-
-
11,671
-
-
-
-
4,281
-
-
4,281
**18,269**
**-**
**-**
**18,269**
2,181
-
6,798
8,979
-
-
-
-
**2,181**
**-**
**6,798**
**8,979**
6,992
-
2,486
9,478
**9,173**
**-**
**9,284**
**18,457**|**2020**
**Total**
**£**
20,766
1,866
-
**22,632**
4,180
15,226
-
4,101
**23,507**
(875)
-
**(875)**
10,353
**9,478**|
|---|---|---|
4
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Balance Sheet As at 30 September 2021**
|**Notes**
**Fixed assets**
Church & Office equipment
**Current assets**
Amounts receivable
Cash in hand and at bank
**Current liabilities**
Sundry creditors
**Net current assets/(liabilities)**
**Net assets**
**Funds**
General funds
Fabric fund - designated fund
**_Total - Unrestricted funds_**
Restricted funds|**Unrestricted Funds**
**General**
**Fabric**
**Restricted**
**2021**
**Fund**
**Fund**
**Fund**
**Total**
**£**
**£**
**£**
**£**
1,307
-
-
1,307
1,307
-
-
1,307
0
-
-
0
10,329
8,020
-
18,349
10,329
8,020
-
18,349
479
-
-
479
9,850
8,020
-
17,870
**11,157**
**8,020**
**-**
**19,177**
9,173
9,173
-
-
9,173
-
9,173
9,284
9,284
**9,173**
**-**
**9,284**
**18,457**|**2020**
**Total**
**£**
2,367
2,367
19
8,051
8,070
959
7,111
**9,478**
6,992
-
6,992
2,486
**9,478**|
|---|---|---|
(a) For the year ended 30 September 2021 the company was entitled to exemption under section 249A(2) of the Companies Act 1985.
(b) Members have not required the company to obtain an audit in accordance with section 249B(2) of the Companies Act 1985;
- (c) The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with section 221; and
ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 226, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
- (d) The accounts have been prepared in accordance with the special provisions in Part VII of the Companies Act 1985 relating to small companies.
The annual accounts on pages 4 to 10 were approved by the ministers of Pentecostal Sanctuary Bible Ministries Limited and were signed on its behalf by:
## **Soyinka pp**
28th June 2022
…………………………………….. …………………………………….. Deaconess Soyinka Date Director
5
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Notes to the financial statements for the period ended 30 September 2021**
## **1 Principal accounting policies**
## **Accounting policies**
The accounts have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting (Amendment) Regulations 2001, together with applicable accounting standards and the Charities SORP under the historical cost convention, as modified by the revaluation of investments.
## _Funds_
Unrestricted funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for the general purpose of the church.
The purpose of any restricted fund is noted in the accounts.
The accounts include all transactions, assets and liabilities for which the ministers are responsible in law.
## _Voluntary income_
Voluntary income and giving is recognised upon receipt.
## _Church assets_
Church assets are depreciated annually, but the carrying value are reviewed periodically to ascertain the state at which they are to be carried forward. This are recorded at cost and depreciated over their expected useful lives as follows:
|Office equipment|5 years|
|---|---|
|Choir Uniform & Church equipment|3 years|
|Hymns books and others|10 years|
|Motor vehicle|4 years|
## **2 Incoming resources from donors**
|Regular giving
-envelope scheme, etc
-others
Total regular giving|**2021**
**_£_**
27,248
-
27,248|**2020**
**_£_**
20,766
-
20,766|
|---|---|---|
## **3 Other voluntary incoming resources**
|Grants
Special events
Other donations and legacies|**2021**
**_£_**
-
-
-
-|**2020**
**_£_**
-
-
1,866
1,866|
|---|---|---|
6
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Notes to the financial statements for the period ended 30 September 2021**
|**4 Income from operating activities**
Weddings
Other
**5 Missionary and charitable giving**
Specific collections
Other
**6 Church expenditure**
Minister's expenses
Visiting clergy and speakers
Mission and related expenses
Church expenses:
- Hall hire
- Office rent
- Drummer hire
- Instrument hire
- Lectern
- Gas
- Electricity
- Water
- Telephone
- Insurance
- Cleaning
- Other
Subscriptions and sundry donations
Others
**7 Maintenance and administration**
Routine repairs and maintenance
Others|**2021**
**_£_**
-
-
-
**2021**
**_£_**
-
13
13
**2021**
**_£_**
-
933
-
9,749
-
-
-
-
-
-
-
-
989
-
-
-
-
11,671
**2021**
**_£_**
-
-
-|**2020**
**_£_**
-
-
-
**2020**
**_£_**
-
4,180
4,180
**2020**
**_£_**
-
3,347
-
2,757
8,160
-
-
-
-
-
-
-
961
-
-
-
-
15,225
**2020**
**_£_**
-
-
-|
|---|---|---|
7
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Notes to the financial statements for the period ended 30 September 2021**
## **8 Church management and administration**
|Printing, stationery, postage and supplies
Travel expenses
Vehicle expenses
Pre Incorporation
Convention, Seminar & Training
Advert & Promotions
Office & Administration
Accountancy fee
Legal & professional fees
Website/Internet Expenses
Depreciation:-
Church & Office equipment
Church & Office equipment
Computer Equipment
Choir Uniform
Motor Vehicle
Hymns books
Other
**9 Employee information**
The average monthly number of employees
(including the ministers) during the period was:
Staff costs were as follows:
Wages and salaries
Social security costs
Other pension costs|**2021**
**_£_**
755
1,499
173
-
-
-
248
240
-
-
-
1,053
273
-
-
-
-
4,241
**2021**
**Number**
2
**_£_**
-
-
-
-|**2020**
**_£_**
820
107
687
-
-
-
-
240
536
388
-
1,231
92
-
-
-
-
4,101
**2020**
**Number**
2
**_£_**
-
-
-
-|
|---|---|---|
## **10 Related party transactions**
The ministers are not members or share holders of any other organisation that the church has any dealings with. All transactions between the church and its client customers were conducted on an arm's length basis on normal trading terms.
## **11 Contingent liabilities**
There are no contingent liabilities arising from contractual disputes.
8
## _**Pentecostal Sanctuary Bible Ministries Limited**_
## **Notes to the financial statements for the period ended 30 September 2021**
## **12 Tangible Fixed Assets**
|**1st & 2nd**
**Sound**
**Asset**
**Mixer**
**Choir**
**Computer**
**Motor**
**EquipmentSpkrs, etc Uniform Equipment**
**Vehicle**
**£**
**£**
**£**
**£**
**£**
**Cost**
As at 1 October 2020
3,303
9,063
1,275
940
4,145
Additions
-
-
-
267
-
Disposals
-
-
-
-
-
**As at 30 September 2021**
3,303
9,063
1,275
1,207
4,145
**Depreciation**
As at 1 October 2020
3,303
6,880
1,275
756
4,145
Charge for the year
-
1,053
-
273
0
Disposals
-
-
-
-
-
**As at 30 September 2021**
3,303
7,933
1,275
1,029
4,145
**Net Book Value**
**As at 30 September 2021**
-
1,130
-
177
0
-
As at 1 October 2020
-
2,183
-
184
-
**Cost or Valuation at the**
**year end is represented by:**
Cost
3,303
9,063
1,275
1,207
4,145|**2021**
**Total**
**£**
18,726
267
-
18,993
16,359
1,327
0
17,686
1,307
2,367
18,993|
|---|---|
## **13 Capital commitments**
|Expenditure that has been contracted for
but has not been provided in the annual
account
Expenditure that has been authorised by
the minister but has not yet been
contracted for
**14 Revenue commitments**
Expenditure that has been contracted for
but has not been provided in the annual
account
Expenditure that has been authorised by
the minister but has not yet been
contracted for|**2021**
**_£_**
NIL
NIL
**2021**
**£**
NIL
NIL|**2020**
**_£_**
NIL
NIL
**2020**
**£**
NIL
NIL|
|---|---|---|
9