Registerednumber
05223910
PENTECOSTALSANCTUARYBIBLEMINISTRIESLIMITED
ReportandAccounts
30September2025
PENTECOSTAL SANCTUARY BIBLE MINISTRIES LIMITED Reportand accounts
Contents
|
|
Page |
Companyinformation |
|
1 |
Directors'
report |
|
2 |
Financial
Review |
|
3-4 |
Independent Examiner's Report |
|
5 |
Profit and loss account |
|
6 |
Balance sheet |
|
N
7 |
Statement of Changes
Notes to the financial |
in Equity
statements |
83
9-13 |
PENTECOSTAL SANCTUARY BIBLE MINISTRIES LIMITED Company Information
Directors
SoyinkaOluwatoyínAdebomi
lyunadeSundayDare
SoyinkaSundayAdewale
Secretary
OjoOluwatobaAbiodun
Accountants
SoladexFinancialServicesLimited
57 ColumbiaRoad
Broxbourne
EN10 GFR
Registeredoffice
75GreateHolmeCourt
Thorplands
Northampton
Northamptonshire
NN3 8AE
Registerednumber
05223910
1
PENTECOSTAL SANCTUARY BIBLE MINISTRIES LIMITED
Registerednumber:05223910
Directors'Report
TheDirectorsoftheCharityareitsTrusteesforthepurposeoftheCharityLawandthroughoutthis
reportarecolectivelyreferredtoastheTrustees.Theirresponsibilitiesincludeallthe
responsibilitiesofDirectorsundertheCompanies'ActsandofTrusteesundertheCharitiesAc.
Nameand registered office
Name:
PentecostalSanctuaryBibleMinistriesLimited
Registeredoffice:75 GreateHolmeCourt,Thorplands,Northampton.NN38AE
Bankers:
Objectives achieved in theyear
Theboardoftrusteesaresatisfiedwiththeperformanceofthecharityduringtheyearand the
positionat30September2025andconsiderthatthecharityisin astrongpositiontocontinueits
activitiesduringthecomingyear,and thattheassetsareadequatetofulfilitsobligations.
Contributions of volunteers
Inadditionstomembers'financialcontributionstothecharity,somedoprovideveryvaluable
voluntaryservices.Someoftheserolesandactivitiesvoluntarilyprovidedincludecounselling.
teachingsin theschools, communitywork,administrativeduties,musicministryand otherareasof
churchlife.Measurement issuesincludingattributinganeconomicvaluetosuchunpaid
contributions,preventsinclusionofsuchcontributionswithintheStatementofFinancialActivities.
Structure,GovernanceandManagement
Thepastorandthedeaconsretainoversightofallchurchmatters.Thesearethemanaging
trustees.Thetrusteesmeetregularlytodiscussandplanobjectivesandimplementationthereof.
Mattersofgeneralconcernareraisedwithallmembers.
AlmattersaresubjecttoprayerandGod'sdirectionandtheTrusteesoftheChurch.Major
decisionsatanychurchmeetingsaredeterminebysimplemajorityvotescastbymemberspresent
witheach membershavíngonevote.Intheeventofequalvotes,thechairmayexerciseasecond
voteasacastingvote.
Smallcompanyprovisions
Thisreporthas beenpreparedinaccordancewiththeprovisionsinPart15oftheCompanies Act
2006applicabletocompaniessubjecttothesmallcompaniesregime.
Smallcompanyprovisions
ThisreporthasbeenpreparedinaccordancewiththeprovisionsinPart15oftheCompanies Act
2006 applicabletocompaniessubjecttothesmallcompaniesregime.
Thisreportwasapprovedbytheboardon21June2026andsignedonitsbehalf.
DeaconessSoyinka
Director
2
PENTECOSTAL SANCTUARY BIBLE MINISTRIES LIMITED
Financial Review
Transactions and Financial Position
Thefinancialstatementsaresetoutonpages5to7.Thefinancialstatementshavebeenprepared
implementingtheStatermentofRecommendedPracticeforAccountingandReportingbyCharities
issuedbytheCharityCommissionfor England andWales(effectiveApril 2005) and inaccordancewith
theFinancialReportingStandardforSmallerEntities(effectiveJanuary2005).TheTrusteesconsider
thefinancialpositionofthecharityduringtheyearhas beensatisfactory.
ThestatementofFinancialActivitiesshowgrossresourcesfortheyearof arevenuenatureof£48,452
(2023124:E56,893)ExpensesfortheyearwasE53,179(2023/24:£59,189)leavinga net Deficitof
£4,727 (2023/24:Surplus£2,296).Reservesattheyear end was£16,364(2023/24:F21,091)
Theboardoftrusteesaresatisfiedthatthecharity'sassetsareavailableandadequatetofulfilits
obligationsintheforeseeablefuture.
Thecharityreliesonofferings,tithes andvariousdonationsfromthemembersasidentifiedinthe
accounts,whosesupportisgreatlyvalued.
Otherareas ofsourceoffundsareCovenant Gift andbank investmentincome.Thesefundsenables
thecharitytocarryoutitsobligationsduringtheyear.
Majorriskstowhichthecharityls oxposedandsystomstomitlgatothoserisks
Financlal
The board oftrusteesaresatisfiedwiththeperformanceofthecharityduringtheyearand theposition
at30September2025andconsiderthatthecharityisin astrongpositiontocontinueitsactivities
duringthecomingyear,andthattheassetsareadequatetofulfil itsobligations.
Thecharityisopentotheusualfinancialrisksof any organisation,andthecharityhas introduced
controlstominimisetheserisks, suchastwosignaturebeingrequiredforpaymentsfromthebank
account,anappointeddeacon/pastorofthechurchisrequiredtoauthorisepaymentsforpurchases
andalsotheaccountsareregularlyexplainedtomembersofthecharityandareopenfor member's
inspectionat anytime.
Children and Vulnerable adults
Workwithchildrenandvulnerableadultsareopentorisks. Thepolicyisthatvisitation,counselingand
any workinvolvingchildrenandvulnerableadultsaredonebytrainedpersonswhowork inpairs.New
volunteerstothechildrenministryarerecruitedon thebasisofBaptistUnion'spolicyfortherecruitment
ofvolunteersforchildren'sministrywhich areinlinewithGovernment policy.
Statement of Directors' and TrusteesResponsibilities
CharityLawrequirestheBoard topreparethefinancialstatementfor eachfinancialyearwhichgivesa
trueand fairviewofthestateofaffairsofthecharityas attheendofthefinancialyearandthesurplus
ordeficitofthecharity.Inpreparingthosefinancialstatements,theBoard isrequiredto:
-
. select suitable accounting policies and then apply them consistently; make judgementsand estimates that are reasonable and prudent; state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements:
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume
-
.that the charity will continue in business.
3
PENTECOSTALSANCTUARY BIBLE MINISTRIES LIMITED
Fínancial Review
The Trusteesarealsoresponsibleforkeepingproperaccountingrecordswhichdisclosewith
reasonableaccuracyatanytimethefinancialpositionofthecharitywhichissufficienttoshowand
explainthecharity'stransactionsandenablethemtoensurethatthefinancialstatementscomplywith
theCharitiesActTheyarealsoresponsiblefor safeguardingtheassetsofthecharityandhencefor
takingreasonablestepsfor thepreventionanddetectionoffraudandotheriregularities.
TheTrusteesarealsoresponsibleforthecontentsof thetrustees' report, andtheresponsibilitiyof the
auditorsinrelationtothetrustees'reportislimitedtoexaminingthereportandensuringthat,onthe
faceofthereport,therearenoinconsistencieswiththefiguresdisclosedinthefinancialstatements.
Thisreport wasapprovedbytheBoardofTrusteeson21June2026.
Signed:- DeaconessSoyinka
Name...SoyinkaOluwatoyinAdebomi
Trustee
Independent Examiner's Report on the Financial Statement for Pentecostal Sanctuary Bible Ministries Limited
For the year ended 30 September 2025
ReporttothetrusteesofPentecostalSanctuaryBibleMinistriesLimitedonthefinancial
statementsfortheyearended 30September2025assetouton pages 5to 12
Respectiveresponsibilitiesoftrusteeandexaminer
TheCharitytrusteesareresponsibleforthepreparationoftheaccounts.The Charity'strustees
considerthatanauditisnotrequiredfortheyear(undersection43(2)oftheCharitiesAct1993
(theAct)andthat anindependentexaminationisneeded.
It ismy responsibilityto:
•examine the accounts (under section 43 (3) (a) of the Act;
tofollowtheprocedureslaiddownintheGeneralDirectionsgivenbytheCharity
• Commissioners(undersection43(7)(b)oftheAct; and
• tostatewhetherparticularmattershavecometo my attention.
Basisof in dependent examiner's statement
MyexaminationwascarriedoutaccordancewithGeneralDirectionsgivenbytheCharity
Commissioners.Anexaminationincludesareviewoftheaccountingrecordskeptbythecharity
and acomparisonofthefinancialstatementspresentedwiththoserecords.It alsoincludes
considerationofanyunusualitemsordisclosuresinthefinancialstatements,and seeking
explanationsfromthetrusteesconcerninganysuchmatters.Theproceduresundertakendo
notprovidealltheevidencethatwouldberequiredinanaudit,andconsequentlyldonot
expressanauditopiniononthefinancialstatements.
Independentexaminer'sstatement
Inconnectionwithmy examination,nomatterhas cometo my attention
Theboardoftrusteesaresatisfiedwiththeperformanceofthecharityduringtheyearandthe
positionat 30September 2025 andconsiderthatthecharityisinastrongpositiontocontinue
itsactivitiesduringthecoming year,andthattheassetsareadequatetofulfilitsobligations.
.whichgivesme reasonablecause tobelievethatinanymaterialrespecttherequirements.
tokeep accountingrecordsinaccordancewithsection41ofthe1993Act; and
topreparefinancialstatementswhichaccordwiththeaccountingrecordsand
comply withtheaccountrequirementsoftheActhave notbeenmet;or
towhich,inmyopinion,attentionshouldbedrawninordertoenableaproper
.understandingoftheaccountsto bereached.
Signed:..
Date:-21June2026.
Name:SoladexFinancialServicesLtd
5
PENTECOSTAL SANCTUARY BIBLE MINISTRIESLIMITED Income and Expenditure
forthe yearended 30 September 2025
|
|
|
|
Unrestricted |
|
|
|
|
|
|
|
funds |
Total |
funds |
Totalfunds |
|
|
|
Note |
2025 |
|
2025 |
2024 |
Incoming Resources |
|
|
|
|
|
|
|
Capital
grants,
legacies |
& |
donations |
6 |
48,452 |
|
48,452 |
56,893 |
Resources
Expended |
|
|
|
|
|
|
|
Cost of activities |
|
|
|
53,179 |
|
53,179 |
59,189 |
Management
and administration |
|
|
|
|
|
|
|
Total
Resources Expended |
|
|
|
53,179 |
|
53,179 |
59,189 |
Deficit |
|
|
|
4,727 |
|
4,727 |
2,296 |
Gross Transfers between |
|
funds: |
|
|
|
|
|
Net Incoming Resources |
|
before |
|
|
|
|
|
revaluations
& Investment |
|
asset |
|
|
|
|
|
disposals |
|
|
|
4,727 |
|
4,727 |
2,296 |
Net Movementin funds |
|
|
|
4,727 |
|
4,727 |
2,296 |
Totalfundsbrought |
forward |
|
|
21,091 |
|
21,091 |
23,387 |
Totalfunds
carried |
forward |
|
|
16,364 |
|
16,364 |
21,091 |
6
PENTECOSTAL SANCTUARYBIBLEMINISTRIESLIMITED
Registerednumber:05223910
BalanceSheet
asat30 September2025
|
|
Notes |
|
2024 |
|
2023 |
Fixed
assets |
|
|
|
|
|
|
Tangible
assets |
|
2 |
|
5,374 |
|
8,329 |
|
|
|
|
5,374 |
|
8,329 |
Current
assets |
|
|
|
|
|
|
Cash at bank |
and |
in hand |
10,171 |
|
11,142 |
|
Other
debtors |
|
|
1,300 |
|
2,100 |
|
|
|
|
11,471 |
|
13,242 |
|
Creditors:
amounts falling due |
|
|
|
|
|
|
within
one year |
|
3 |
480 |
|
480 |
|
|
|
|
|
10,991 |
|
12,762 |
Total
assets |
less |
current |
|
|
|
|
liabilities |
|
|
|
16,365 |
|
21,091 |
Net Asset |
|
|
|
16,365 |
|
21,091 |
Capital and |
reserves |
|
|
|
|
|
Restricted
Funds |
|
6 |
|
16,364 |
|
21,091 |
Reserves |
|
|
|
16,364 |
|
21,091 |
TheBoardofTrusteesacknowledgetheirresponsibilityforensuringtheorganisationkeepsproper
accountingrecordsinaccordancewiththerequirementsoftheCharitiesAct2005 asmore fülyset
outunderTrustees' Responsibilities'inthereportoftheTrustees.
ThemembershavenotrequiredthecompanytoobtainanauditinaccordancewiththeCharities
Act 2011.
7
PENTECOSTALSANGTUARYBIBLEMINISTRIES LIMITED
Statementof ChangesinEquity
forthe yearended30September 2025
|
|
|
Profit |
Total |
|
|
|
and loss |
|
|
|
|
account |
|
|
|
|
£ |
|
At 01 October |
2024 |
|
21,091 |
21,091 |
Surplus |
|
|
|
|
Totalcomprehensive income |
|
for the |
|
|
financial
year |
|
|
21,091 |
21,091 |
At 01 October |
2024 |
|
21,091 |
21,091 |
At 01 October |
2024Restated |
|
21,091 |
21,091 |
At 01 October |
2024 |
|
21,091 |
21,091 |
Totalcomprehensive income |
|
for the |
|
|
financial
year |
|
|
(4,727) |
(4,727) |
Drawing |
|
|
|
|
At30September2025 |
|
|
16,364 |
16,364 |
8
PENTECcOSTAL SANCTUARY BIBLE MINISTRIES LIMITED Notes to the Financial Statements
for the year ended 30September 2025
1 Accountingpolicies
Basisofpreparation
TheFinancialStatementshavebeenpreparedinaccordancewiththeCharitiesAct1993and withthe
FinancialReportingStandardforSmallEntities(FRSSE), andallotherapplicableaccounting
standards,effectiveJune2002,asmodifiedbytheStatementof RecommendedPracticeforAccounting
andReportingissuedbytheCharityCommissionersforEnglandandWales,effectiveOctober2000,
adaptedtomeettheneedsofunincorporatedorganisations.
Accountingconvention
TheFinancialStatementsareprepared,onagoingconcernbasis,underthehistoricalcostconvention.
IncomingResources
Incomingresourcesareaccountedforonareceivablebasis.
Deferred Income
Inaccordancewiththestatementof RecommendedPracticeforAccountingandReportingissuedby
theCharityCommissionersforEngland&Walesgrants,receivedinadvanceandspecifiedbythe
donorasrelatingtospecificaccountingperiodsoralternativelywhicharesubjecttoconditionswhich
arestilltobe met aredeferredonanaccrualsbasistotheperiodtowhichtheyrelate.
Suchdeferralsareshowninthenotestotheaccountsand thesumsinvolvedareincludedascreditors
in thefinancialstatements.
Stocks
Stocksaremeasuredatthelowerofcostandestimatedsellingpricelesscoststocompleteandsel.
Costisdeterminedusingthefirst infirstoutmethod.The carryingamountofstocksoldisecognisedas
an expenseintheperiodinwhichtherelatedrevenueisrecognised.
Debtors
Shorttermdeblorsaremeasuredattransactionprice(whichisusuallytheinvoiceprice),lessany
impairmentlossesfor bad anddoubtfuldebts.Loansandotherfinancialassetsareinitiallyrecognised
attransactionpriceincludinganytransactioncostsandsubsequentlymeasuredatamortisedcost
determinedusingtheeffectiveinterestmethod,less any impairmentlossesforbadanddoubtfuldebts.
Recognitionof Liabilities
Liabilitiesarerecognisedontheaccrualsbasisinaccordancewithnormalaccountingprinciples,
modifiedwherenecessaryinaccordancewiththeguidancegivenintheStatementofRecommended
PracticeforAccountingand ReportingissuedbytheCharityCommissionersforEnglandandWales.
CharitableExpenditure
Charitableexpenditureincludesallexpendituredirectlyrelatedtothecharityandcomprisesthe
following:
Activitiesinfurtheranceofthecharity'sobjectives
The costofactivitiesinfurtheranceofthecharity'sobjectivesrepresentsthecostof goodsandservices
andancillarytradingcoststhathavebeen incurredincharitableactivities.
PENTECOSTALSANCTUARY BIBLE MINISTRIES LIMITED Notes to the Financial Statements
for the year ended30 September2025
Management and administration of the charity
Managementandadministrationcostsrepresentexpenditureincurredinthemanagementofthe
Chanity'sassets,organisationaladministrationandcompliancewiththecharitableandstatutory
requirements.
Allocation of costs within types ofresources expended
The charitysoperatingcostsincludestaffcosts,rentandotherrelatedcosts.Suchcostsareallocated
betweentypesofresourcesexpendedonthebasisofestimatesmadebythetrustees.
Administrationexpenditureincudesallexpenditurenotdirectlyrelatedtodirectcharitableacivity.in
respectofcertainitemsofexpenditureitisamatterof judgementastowhethersuchitemsaredirect
charitableexpenditureoradministrative,andthetrusteeshaveappliedwhattheyconsidertobe
reasonablejudgementinapportioningsuchcosts.
TheCompanies Act1985requiresalpropertiesbelongingtocompaniestobedepreciated.However,
thisrequirementconflictswiththegenerallyacceptedprinciplesetoutinSSAP19andtheoverriding
requirementtoshowatrueandfairview.TheBoardof Trusteesconsidersthatbecausethepropertyis
notheldforconsumption,butforitsinvestmentpotential,todepreciateit wouldnotgiveatrue andfair
view,andthatalthoughthecharityisexemptfromthefullapplicationofSSAP19,andhasnothada
formalprofessionalvaluation,ofthepropety,buthasreliedonthebestoftheboardofthemarket
value,inordertoconservefundsforthecharitablepurposesofthecharity.
Ifthispolicyhadnotbeenadopted,thedeficitforthefinancialyearwouldhavebeenincreasedby
depreciation.However,theamountofdepreciationcannotreasonablybequantifedbecause
depreciationisonlyone of manyfactorsreflectedintheannualvaluationand theamounttowhichmight
otherwisehavebeen showncannotbeseparatelyidentified.
FixedAssetandDepreciation
The tangiblefxedassetsarestatedatcostlessdepreciation.
Depreciationhasbeenprovidedat thefollowingratesinordertowriteofftheassets(lesstheir
expectedvalue)overtheirestimatedusefullives.
A regularannualreviewof thelikelihoodofassetimpairmentisundertaken.
The principal annualratesusedfor depreciationareasfollows:
Land and Building0%perannumstraightline.
officeEquipment25% perannumstraightline.
Fitures,fittings,toolsandequipment20%perannumstraightline.
10
PENTECOSTALSANCTUARY BIBLE MINISTRIES LIMITED Notes tothe Financial Statements
forthe yearended30September2025
Capital Grants
TheBoardofTrusteesconsidersthat,inordertocomplywiththeStatementof RecommendedPractice
forAccountingandReportingissuedbytheCharityCommissionersforEnglandand Wales(effective
October2000),grantsofacapitalnaturegivenforspecificpurposesandfullyutilisedinthefurtherance
ofthepurposesofthecharityshouldbecreditedtothefixedassetsfundafterthefundshavebeen
properlyexpendedontherestrictedpurpose.Therelatedassetsisshowninthebalancesheetatthe
costofacquisitionorsubsequentvaluation.
Therelatedassetsaresubjecttorestrictionsbythegrantmakingorganisationontheiruseand
disposal,and theserestrictionsarenotedinthefixedassetsectionoftheseaccounts.Thefixedasset
fundsocreatedistreatedas arestrictedfund.
Taxation
As acharitly,theorganisationisexemptfromincomeand corporationtaxto theextentthatitsincome
andgainsareapplicabletocharitablepurposesonly. ValueAddedTax(VAT)�snotrecoverablebythe
organisation,andisthereforeincludedintherelevantcostsintheStatementof FinancialActivities.
Funds Structure Policy
Thecharitymaintainsageneralunrestrictedfundwhichrepresentsfundswhichareexpendableatthe
discretionof thetrusteesinfurtheranceof theobjectsofthecharity.Such fundsmaybeheldinorderto
financebothworkingcapitalandcapitalinvestment.
Restrictedfundshavebeen providedtothecharityforparticularpurposes,andisthepolicyofthe
trusteetocarefullymonitorapplicationofthosefunsinaccordancewiththerestrictionsplacedupon
them.
Thereisnoformalpolicy ontheallocationoffundstodesignatedfunds.
Thereisnoformalpolicytotransferbetweenfunds,otherthanthatdescribedundertheCapitalGains
policyabove.Any proposedtransferbetweenfundswouldbeconsideredontheparticular
circumstances.
Analysisofincomingresourcesand analysisofmanagementand administrationcosts
The detailsrequiredbytheStatementof RecommendedPracticefortheAccountingandReporting
issuedbytheCharityCommissionersforEnglandandWales areshowninthedetailedscheduletothe
StatementofFinancialActivitiesonpages.
StaffcostsandEmoluments20252024
PAYE&NationalInsuranceCont.
PensionContributions
Numberoffull timeemployeesorfull timeequivalents
Therewerenoemployeeswithemolumentsinexcessof£50,000perannum.
11
PENTECOSTALSANCTUARY BIBLE MINISTRIES LIMITED Notes to the Financial Statements for the year ended 30September 2025
2 |
Tangible
fixed
assets |
Tangible
fixed
assets |
|
|
|
|
|
|
Equipment's, |
|
|
|
|
|
Fixtures & |
|
|
|
|
|
Musical |
Computer |
|
|
|
|
Instruments |
Equipment |
Total |
|
Cost |
|
|
|
|
|
At 01
October
2024 |
|
11,638 |
990 |
12,628 |
|
Additions |
|
|
|
|
|
At 30September |
2025 |
11,638 |
990 |
12,628 |
|
Depreciation |
|
|
|
|
|
At 01
October
2023 |
|
4,052 |
247 |
4,299 |
|
Charge
for the year |
|
2,708 |
247 |
2,955 |
|
At30September |
2023 |
6,760 |
494 |
7,254 |
|
Net book value |
|
|
|
|
|
At30September |
2025 |
4,878 |
496 |
5,374 |
|
At30September |
2024 |
7,586 |
743 |
8,329 |
3 |
Accruals
and amounts payable |
within one year |
|
|
|
Accountancy
fees |
480 |
|
480 |
|
|
480 |
|
480 |
|
|
Unrestricted |
|
|
|
|
funds |
Total funds |
|
4 |
IncomingResources |
2025 |
|
2025 |
|
Grant,
Legacies & Donations |
|
|
|
|
Tithes & offering |
48,336 |
|
48,336 |
|
Interest from
Bank |
116 |
|
116 |
|
|
48,452 |
|
48,452 |
12
PENTECoSTALSANCTUARY BIBLE MINISTRIES LIMITED Notesto the Financial Statements
for the year ended30 September2025
CharitableExpenditure- Cost ofactivitiesin
5furtheranceofthecharity'sobjectives
|
|
2025 |
2024 |
|
|
|
Rent of Building |
26,606 |
37,409 |
|
|
|
Event |
6,694 |
6,701 |
|
|
|
Depreciation |
2,956 |
2,955 |
|
|
|
Honorarium |
7,850 |
1,660 |
|
|
|
Telephone,
fax & internet |
954 |
1,242 |
|
|
|
Travel
and
Subsistence |
|
505 |
|
|
|
Insurance |
|
100 |
|
|
|
Govemance cost |
1,517 |
898 |
|
|
|
Sundry |
3,569 |
3,772 |
|
|
|
Printing. postage & stationery |
1,557 |
1,755 |
|
|
|
Welfare
donations |
1,476 |
2,192 |
|
|
|
Anniversary
expense |
|
|
|
|
|
|
53,179 |
59,189 |
|
|
|
|
Unrestricted |
|
Prior year |
total |
|
|
funds |
Total funds |
funds |
|
6 |
Capital & Reserve |
2025 |
2025 |
|
2024 |
|
At
1 October
2024 |
21,091 |
21,091 |
21,091 |
|
|
Net movement in funds |
(4,727) |
(4,727) |
|
|
|
At 30September 2025 |
16,364 |
16,364 |
21,091 |
|
Eventsafterthereportingdate
Therearenopostbalancesheeteventstoreporttotheboard.
13