OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-10-31-accounts

PENTECOSTAL MISSIONARY CHURCH OF CHRIST - 4TH WATCH

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

Company Number 05953041

Charity Number 1138429

Pentecostal Missionary Church of Christ - 4TH WATCH

Contents of the Financial Statements Year ended 31 October 2023

Page
Trustees' Report 1 - 2
Independent Examiner's Report 3 - 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 - 9

Pentecostal Missionary Church of Christ - 4TH WATCH Trustees' report for the year ended 31 October 2023

The trustees present their report and unaudited financial statements of the church for the year ended 31 October 2023. The trustees have adopted the provisions of the Statement of Recommended Practice: "Accounting and Reporting by Charities" in accordance with Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued in July 2014 in preparing the Annual Report and the Financial Statements of the church

Legal Status, Governance and Management

Pentecostal Missionary Church of Christ - 4TH WATCH's govering document is a Memmorandum and Articles of Association that was incorporated 02 October 2006. The charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position

Principal Activities

The principal activities of the church during the period were as follows:

To advance the Christian Faith worldwide in accordance with the doctrines set out in the statement of faith

To relief poverty, sickness and distress by the provision of such things as financial support, medical missions, rehab centres, food, befriending service, advise, scholarships, mentoring and counselling.

Achievment and Performance

The church continues to hold Christian worship meetings through out the year in which individuals were equipped and educated on the principles of the Christian faith. The church also continued to support its Christian outreaches in the community

Review of Financial Activities

The net incoming resources of the church for the year ended 31 October 2023 amounted to £13,192 (2022 - deficit £52,674).

It is the policy of the trustees that the free reserves of the church should be held as current assets, in order to meet future requirements of its activities

At 31 October 2023, the reserves of the church were £16,941 (2022 - £3,749).

Page 1

Pentecostal Missionary Church of Christ - 4TH WATCH Trustees' report for the year ended 31 October 2023 (Continued)

Future Plans

The church plans to continue its outreach and charitable activities in the community through its worship services and regular conferences. It also plans to continue planting churches worlwide through its mission outreaches

Risk Management

The church has assessed all the major risk to which it is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks

Trustees

The trustees who served during the period to the date of this report were:

Rhandy Dancel Amparo Aggblos Cherry Sotero Glenda Robles

Statement of Trustees' Responsibilities in Relation to the Financial Statements

Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity during the year and of its financial position at the end of each year. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 2011.

The trustees are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF:

Rhandy Dancel Date: 21 Aug 2024

Page 2

Pentecostal Missionary Church of Christ - 4TH WATCH Independent Examiners Report to the trustees

We have examined the financial statements for the year ended 31 October 2023 on pages 5 to 9, which have been prepared in accordance with the accounting policies set out on page 7

Respective responsibilities of Trustees and Independent Examiner

As described on page 2, the trustees are responsible for the preparation of the financial statements of the church. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is our responsibility to:

examine the financial statements under section 145 of the 2011 Act;

follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

state whether particular matters have come to our attention.

We have been appointed under section 145 of the Charities Act 2011 and report in accordance with the regulations under that Act.

Basis of independent examiner's report

My examination was conducted in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and the seeking of explanations from the trustees concerning such matters. The procedures undertaken do not provide all of the evidence that would be required by an audit and, consequently, no opinion is given as to whether the financial statements present a 'true & fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

During the course of our examination, nothing has come to our attention which gives us reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:

a) proper accounting records have been kept in accordance with Section 130 of the Charities Act 2011; and

Page 3

Pentecostal Missionary Church of Christ - 4TH WATCH Independent Examiners Report to the trustees (Continued)

those records and comply with the accounting requirements of Charity Act 2011 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2014).

Further, during the course of our examination, nothing has come to our attention that, in our opinion, should be drawn to your attention in order to enable a proper understanding of the financial statements to be reached.

Date: 21 Aug 2024 Topmost Accountancy Services Seth Koranteng (FCCA)

Page 4

Pentecostal Missionary Church of Christ - 4TH WATCH

Statement of Financial Activities For the year ended 31 October 2023

Notes
Incoming resources
Voluntary income
2
Gift aid
Total incoming resources
Resources expended
Charitable activities
3
Administrative expenses
4
Total resources expended
Net incoming resources for the year
Funds brought forward
Prior year adjustment
Total funds carried forward		 As restated
31.10.23
31.10.23
31.10.23
31.10.22
Restricted
fund
Unrestricted
fund
Total
£
£
326,380
326,380
252,078
-
14,981
14,981
7,115
-
341,361
341,361
259,193
121,693
121,693
192,021
-
206,476
206,476
119,846
-
328,169
328,169
311,867
-
13,192
13,192
-52,674
3,749
3,749
441,922
(385,499)
-
16,941
16,941
3,749

The notes form part of these financial statements

Page 5

Pentecostal Missionary Church of Christ - 4TH WATCH

Balance Sheet At 31 October 2023

Notes
Fixed Assets
Tangible
5
Current Assets
Cash at bank
6
Total current assets
Current Liabilities
Creditors
7
Net Current Asset (Liabilities)
Total Net Assets
Funds
8
Total funds		 2023
£
11,788
65,148
65,148
59,995
5,153
16,941
16,941
16,941		 As restated
2022
£
16,105
16,174
16,174
28,530
(12,356)
3,748

APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF:

Rhandy Dancel Date: 21 Aug 2024

The notes form part of these financial statements

Page 6

Pentecostal Missionary Church of Christ - 4TH WATCH

Notes to the financial statements for the year ended 31 October 2023

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities in accordance with with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in July 2014

Accounting convention

The financial statements have been prepared under the historical cost convention

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment : 33.33% on cost Musical instrument : 33.33% on cost Motor vehicle: 25% written down value

Cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the charity is a small undertaking

Incoming resources

Incoming resources represent offertory, pledges, donations, tithes and self generated income

Reserve policy

The trustees have a free reserve policy whereby the free reserves of the church will be sufficient to continue the current activities should there be a significant fall in offertory levels. This will need to be sufficient to sustain the church whilst alternate funding is sought or other arrangements are made.

2 Voluntary income
Tithes and offering
3 Charitable activities
Welfare & bereavement
Gifts & donations		 2023
2023
2023
Restricted
Unrestricted
£
-
326,380
326,380
0
326,380
326,380
2023
£
121,693
121,693		 As restated
2022
£
252,078
0
326,380		 252,078
2022
£
192,021
192,021

Page 7

Pentecostal Missionary Church of Christ - 4TH WATCH

Notes to the financial statements for the year ended 31 October 2023 (continued)

4 Administrative expenses
Advertising and marketing
Accountancy fees
Bank charges
Cleaning
Insurance
Computer and internet expenses
Professional and legal expenses
Light and heat
Rent
Water rates
Motor vehicle expenses
Pension cost
Printing and stationery
Wages and salaries
Travel and subsistence
Evangelism and special event
Depreciation
Telephone
Sundry
Repairs and renewals
5 Tangible fixed assets
Computer Equipment
Musical Instruments
Motor vehicles
6 Cash at bank and in hand
Current account		 2023
£
775
4,100
561
1,400
5,652
222
578
12,019
81,788
499
8,400
653
1,253
11,442
23,167
40,079
6,842
1,287
461
5,299
206,476
2023
£
-
2,174
9,613
11,788
65,148
65,148		 As restated
2022
£
1,244
1,200
143
-
1,572
253
-
10,750
66,612
365
494
86
-
1,348
5,500
21,687
7,348
1,209
35
-
119,846
As restated
2022
£
953
2,352
12,818
16,123
16,174
16,174

Page 8

Pentecostal Missionary Church of Christ - 4TH WATCH

Notes to the financial statements for the year ended 31 October 2023 (continued)

7 Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
ICAD
other creditors
Pension payable
8 Movement in funds
Unrestricted funds
Restricted
Total funds
Net movement in funds, included in the above are
as follows:
Unrestricted funds
Restricted
Total funds		 2023
£
4,059
5,400
26,858
23,625
53
59,995
At 01.11.23
Net
movement in
funds
£
3,748
13,192
-
-		 2022
£
-
3,600
15,117
9,813
-
28,530

At 31.10.23
£
16,941
-
3,748
13,192
16,941
Incoming
resources
Resources
expended
Movement in funds
£
£
£
341,361 (328,169)
13,192
-
-
-
341,361 (328,169)
13,192

Page 9