## **PENTECOST BAPTIST CHURCH LONDON Trustee's Report**
## **Trustees Report for year ended 31st July 2020**
## **The trustees present their financial statements for the year ended 31st July 2020**
The principal activity of the organization continues to be:
Propagation of the GOSPEL according to the teaching of JESUS CHRIST
## **Statement of Trustee Responsibilities**
The Trustees are required to prepare financial statements that give a true and fair view of the state of affairs of the organization and of the income and expenditure of the project for that period. In preparing these financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- State whether applicable standards and statement of recommended practice have
- been followed, subject to any material departures disclosured and explained in
- the statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate
- to presume that the project will continue in operation.
The Trustees are responsible for keeping proper records that disclose at any time the financial position of the project. They are also responsible for safe guarding the assets of the organization and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
## _rosemarynadugomez_
Date: 30 December 2021
## **DEC ROSEMARY NADU GOMEZ**
TRUSTEE
Registered number 1153563
## PENTECOST BAPTIST CHURCH LONDON
Report and Accounts
31 July 2020
## **PENTECOST BAPTIST CHURCH LONDON Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees Report|2-3|
|Independent Examination|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the accounts|7-8|
## **PENTECOST BAPTIST CHURCH LONDON**
## **Independent Examiner's Report**
We report on the accounts for the year ended 31 July 2020 **which are set out on pages 5 to 8**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider (under section144(2) of the Charities Act 2011
that an audit is not required and that an Independent examination is needed
It is my responsibility to;
●examine the accounts (under section145 of the 2011 Act)
●to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section (145)(5)b) of the 2011 Act)
To state whether particular matters have come to my attention.
## **Basis of Independent examiner's report**
My examination was carried out 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account s present a 'true and fair view'and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention;
1. which gives me reasonable cause to believe that in any material respect the requirements ▪ to keep accounting records in accordance with section 130 of the 2011 Act and
▪ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Ajibola Lemo
Lemo Corporate (Chartered Certified Accountants) Date 30 12 2021 815 Old Kent Road London, SE15 1NX
1
## **PENTECOST BAPTIST CHURCH LONDON**
## **Statement of Financial Activities For the year ended 31 July 2020**
|**Incoming Resources**
Tithes & offerings
Other Income
**Total Income Resources**
**Resources Expended**
Support costs of activities in
furtherance of the charity's objects
Management & Administration
of Charity
**Total Income Expended**
**Net incoming/(outgoing) resources**
**Net Movements in Funds**
**Fund balances b/fwd**
**Funds balances c/fwd**|**Unrestricted**
**Notes**
**£**
6.1
30,791
-
30,791
6.2
20,998
6.3
11,208
**32,206**
**(1,415)**
**(1,415)**
**(2,901)**
**(4,316)**|**Unrestricted**
**Notes**
**£**
6.1
30,791
-
30,791
6.2
20,998
6.3
11,208
**32,206**
**(1,415)**
**(1,415)**
**(2,901)**
**(4,316)**|**Unrestricted**
**Notes**
**£**
6.1
30,791
-
30,791
6.2
20,998
6.3
11,208
**32,206**
**(1,415)**
**(1,415)**
**(2,901)**
**(4,316)**|**Restricted**
**£**|**2020**
**2019**
**Total**
**Total**
**Fund**
**Fund**
**£**
**£**
30,791
40,219
-
**30,791**
**40,219**
20,998
30,937
11,208
14,378
**32,206**
**45,315**
**(1,415)**
**(5,096)**|
|---|---|---|---|---|---|
||6.1
6.2
6.3|||||
||||30,791|||
||||20,998
11,208|||
||||**32,206**|||
||||**(1,415)**|||
||||**(1,415)**
**(2,901)**||**(1,415)**
**(5,096)**
**(2,901)**
**2,195**|
||||**(4,316)**||**(4,316)**
**(2,901)**|
2
## **PENTECOST BAPTIST CHURCH LONDON Balance Sheet as at 31 July 2020**
|**Notes**
**Trustees Report for year ended**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
4
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
5
**Net liabilities**
**Capital and reserves**
Unretricted Fund
6
**Fund**|**2020**
**2019**
**31st Decem**
**£**
**£**
1,190
2,298
3,731
4,038
(1,150)
(1,150)
2,581
2,888
3,771
5,186
(8,087)
(8,087)
(4,316)
(2,901)
(4,316)
(2,901)
(4,316)
(2,901)|
|---|---|
|||
## _rosemarynadugomez_
DNS ROSEMARY NADU GOMEZ Trustee Approved by the board on 30 December 2021
6
**PENTECOST BAPTIST CHURCH LONDON Notes to the Accounts for the year ended 31 July 2020**
## **1 Accounting policies**
## _**Basis of preparation**_
The Financial Statements have been prepared under the historic cost convention and in accordance with the Statement of Recomended Accounting Practice : Accounting and Reorting by Charities (SORP 2005), issued in March 2005, UK Accounting Standards and the Charities Act 2011.
## **Incoming Resources**
Income is mainly from grants and bank interest received are included in the financial statements when received.
## **Resources Expended**
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
## **Taxation**
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
## _**Depreciation**_
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
|Plant and machinery
Motor vehicles
**2**
**Operating profit**
This is stated after charging:
Depreciation of owned fixed assets
**3**
**Tangible fixed assets**
**Cost**
At 1 August 2019
Additions
At 31 July 2020
**Depreciation**
At 1 August 2019
Charge for the year
At 31 July 2020
**Net book value**
At 31 July 2020|25% straight line
25% straight line
**£**
**£**
1,108
1,108
**Furniture &**
**fittings**
**Computers,**
**& musical**
**equipment**
**Total**
**£**
**£**
**£**
3,673
3,337
7,010
0
0
-
3,673
3,337
7,010
1,953
2,759
4,712
651
457
1,108
2,604
3,216
5,820
1,069
121
1,190|
|---|---|
7
## **PENTECOST BAPTIST CHURCH LONDON Notes to the Accounts for the year ended 31 July 2020**
|At 31 July 2019
**4**
**Creditors: amounts falling due within one year**
Other creditors
**5**
**Creditors: amounts falling due after one year**
Other creditors
**6**
**Funds**
**Unrestricted**
Opening balance
At 1 August 2019
(2,901)
Net Incoming Fund
(1,415)
At 31 July 2020
(4,316)|1,720
**Restricted**
-
-|578
2,298
**£**
**£**
1,150
1,150
1,150
1,150
**£**
**£**
8,087
8,087
**£**
**£**
(2,901)
2,195
(1,415)
(5,096)
(4,316)
(2,901)|
|---|---|---|
7
## **PENTECOST BAPTIST CHURCH LONDON**
## **Notes to the accounts (continued)**
|3 **Income and Expenditure Account**
**For the year ended 31 July 2020**
6.1 **INCOMING RESOURCES**
Tithes & Offering etc
Other Income
**Total Incoming Resources**
**OUTGOING RESOURCES**
6.2 **Support costs of activities in**
**furtherance of the Charity's objects:**
Salaries & wages
Pension
Members welfare
Advertisement & publicity
Accountancy fees
Conventions & Aniversary
6.3 **Management and Administration**
**of Charity:**
Rates
Rent
Insurance
Depreciation|**2020**
**2019**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Fund**
**Fund**
**£**
**£**
**£**
**£**
30,791.00
30,791.00
40,219.00
-
-
30,791.00
-
30,791.00
40,219.00
18,479.00
18,479.00
27,002.00
1,869.00
1,869.00
-
-
-
-
-
-
-
650.00
650.00
650.00
-
-
-|
|---|---|
||**20,998.00**
**-**
**20,998.00**
**27,652.00**|
||-
-
10,100.00
10,100.00
13,120.00
-
203.00
1,108.00
1,108.00
1,108.00|
||**11,208.00**
**-**
**11,208.00**
**14,431.00**|
6
## **PENTECOST BAPTIST CHURCH LONDON Profit and Loss Account for the year ended 31 July 2020**
_for the information of the directors only_
|**Sales**
Administrative expenses
**Operating loss**
**Loss before tax**|**2020**
**2019**
**£**
**£**
30,791
40,219
(32,206)
(45,315)
(1,415)
(5,096)
(1,415)
(5,096)|
|---|---|
7
## **PENTECOST BAPTIST CHURCH LONDON Schedule to the Profit and Loss Account for the year ended 31 July 2020**
_for the information of the directors only_
|**Sales**
Tithes, offering & thanksgiving
**Administrative expenses**
Employee costs:
Wages and salaries
Pensions
Training/welfare
Premises costs:
Rent
Rates
Security
General administrative expenses:
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees|**2020**
**2019**
**£**
**£**
30,791
40,219
18,479
27,002
1,869
2,875
-
410
20,348
30,287
10,100
13,120
-
-
-
-
10,100
13,120
1,108
1,108
-
150
1,108
1,258
650
650
650
650
32,206
45,315|
|---|---|
8
## **PENTECOST BAPTIST CHURCH LONDON**
## **Independent Examiner's Report**
We report on the accounts for the year ended 31 July 2020 **which are set out on pages 5 to 8**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider (under section144(2) of the Charities Act 2011
that an audit is not required and that an Independent examination is needed
It is my responsibility to;
●examine the accounts (under section145 of the 2011 Act)
●to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section (145)(5)b) of the 2011 Act)
To state whether particular matters have come to my attention.
## **Basis of Independent examiner's report**
My examination was carried out 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 accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the account s present a 'true and fair view'and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention;
1. which gives me reasonable cause to believe that in any material respect the requirements ▪ to keep accounting records in accordance with section 130 of the 2011 Act and
▪ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Ajibola Lemo
Lemo Corporate (Chartered Certified Accountants) Date 30 12 2021 815 Old Kent Road London, SE15 1NX
1