PENTECOSTAL MISSIONARY CHURCH OF CHRIST - 4TH WATCH
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
Company Number 05953041
Charity Number 1138429
Pentecostal Missionary Church of Christ - 4TH WATCH
Contents of the Financial Statements Year ended 31 October 2024
| 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 2024
The trustees present their report and unaudited financial statements of the church for the year ended 31 October 2024. 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 2024 amounted to £10,112 (2023 - £13,192).
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 2024, the reserves of the church were £27,053 (2023 - £16,941).
Page 1
Pentecostal Missionary Church of Christ - 4TH WATCH
Trustees' report for the year ended 31 October 2024 (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: 05 Aug 2025
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 2024 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 2024 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: 05 Aug 2025 Topmost Accountancy Services
Page 4
Pentecostal Missionary Church of Christ - 4TH WATCH
Statement of Financial Activities For the year ended 31 October 2024
| 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 Total funds carried forward |
31.10.24 31.10.24 31.10.24 31.10.23 Restricted fund Unrestricted fund Total £ £ 230,663 230,663 326,380 - 12,883 12,883 14,981 - 243,545 243,545 341,361 4,622 4,622 121,693 - 228,812 228,812 206,476 - 233,434 233,434 328,169 - 10,112 10,112 13,192 16,941 16,941 3,749 - 27,053 27,053 16,941 |
|---|---|
The notes form part of these financial statements
Page 5
Pentecostal Missionary Church of Christ - 4TH WATCH
Balance Sheet At 31 October 2024
| Notes Fixed Assets Tangible 5 Current Assets Debtors 6 Cash at bank 7 Total current assets Current Liabilities Creditors 8 Net Current Asset (Liabilities) Total Net Assets Funds 9 Total funds |
2024 £ 18,575 280 9,222 9,502 1,025 8,477 27,053 27,053 27,053 |
2023 £ 11,788 |
|---|---|---|
| 65,148 65,148 |
||
| 59,995 5,153 |
||
| 16,941 | ||
| 16,941 | ||
| 16,941 |
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF:
Rhandy Dancel Date: 05 Aug 2025
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 2024
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 Gifts & donations |
2024 2024 2024 Restricted Unrestricted £ - 230,663 230,663 - 230,663 230,663 2024 £ 4,622 4,622 |
As restated 2023 £ 326,380 |
|---|---|---|
| 326,380 | ||
| 2023 £ 121,693 |
||
| 121,693 |
Page 7
Pentecostal Missionary Church of Christ - 4TH WATCH
Notes to the financial statements for the year ended 31 October 2024 (continued)
| 4 Administrative expenses Advertising and marketing Accountancy fees Bank charges Cleaning Insurance Office expenses Fines and penalties Equipment expensed Uniforms and costumes 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 Debtors: Amounts falling due within one year Other debtors Page 8 |
2024 £ 591 3,676 529 1,067 4,934 931 1,890 3,779 3,953 215 - 23,924 80,983 910 5,292 510 400 36,228 27,946 18,062 4,839 1,247 535 6,370 228,812 2024 £ 3,875 7,490 7,210 18,575 280 280 |
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 | ||
| - | ||
| - | ||
Pentecostal Missionary Church of Christ - 4TH WATCH
Notes to the financial statements for the year ended 31 October 2024 (continued)
| 7 Cash at bank and in hand Current account 8 Creditors: Amounts falling due within one year Trade creditors Accruals and deferred income ICAD other creditors Pension payable 9 Movement in funds Unrestricted funds Restricted Total funds Net movement in funds, included in the above are as follows: Unrestricted funds Restricted Total funds |
9,222 65,148 9,222 65,148 2024 2023 £ £ - 4,059 - 5,400 926 26,858 - 23,625 99 53 1,025 59,995 At 01.11.24 Net movement in funds At 31.10.24 £ £ 16,941 10,112 27,053 - - - |
65,148 |
|---|---|---|
| 65,148 | ||
| 2023 £ 4,059 5,400 26,858 23,625 53 |
||
| 59,995 | ||
| 16,941 10,112 27,053 |
||
| Incoming resources Resources expended Movement in funds £ £ £ 243,545 (233,434) 10,112 - - - |
||
| 243,545 (233,434) 10,112 |
Page 9