## **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:
- 1) select suitable accounting policies and apply them consistently;
- 2) observe the methods and principles in the Charities SORP;
- 3) make judgements and estimates that are reasonable and prudent;
- 4) prepare the financial statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in operation.
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)**
- b) the financial statements for the year ended 31 October 2023 are in accordance with
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**|
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## **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