## **PHILADELPHIA COVENANT KEEPERS** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31ST OCTOBER 2025** **CHARITY NUMBER: 1160488** **FLAT 31 WEALDSTONE COURT** **32 BROOK AVENUE** **WEMBLEY** **HA9 8PQ** ## **INDEX** ||**Page**| |---|---| |Trustees’Report|2–3| |Receipts andPaymentsAccount|4| |Statement of Assets and Liabilities|5| |Notes to theFinancialStatements|6| ## **PHILADELPHIA COVENANT KEEPERS** ## **TRUSTEES’ REPORT** ## **YEAR ENDED 31ST OCTOBER 2025** The trustees are pleased to present their report for the year ended 31st October 2025 for the charity, Philadelphia Covenant Keepers, charity number 1160488. ## **TRUSTEES** The Trustees of the charity are: - Ms Luti Lisumbu - Mrs Goodness Mushet - Mr Noah Mushet - Mr Dieudonne Ndongo - Mr Michael Oguntuase - Mr Joel Chikwanine ## **PRINCIPAL ADDRESS** Flat 31 Wealdstone Court 32 Brook Avenue Wembley HA9 8PQ ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity governing document is a CIO – Foundation Constitution registered on 13th February 2015. 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. ## **OBJECTIVES AND ACTIVITIES** The objects of the organisation are first to advance the Christian Religion for public benefit. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake. ## **ACHIEVEMENTS AND PERFORMANCE** The organisation continued to hold meetings during the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continued its activities within the community and sought to provide opportunities for individuals to participate in Christian worship, teaching, fellowship and related activities. ## **FINANCIAL REVIEW** The charity's total income for the year ended 31st October 2025 was £5,870 and total expenditure was £5,615 resulting in a net surplus of £255 for the year. The trustees consider that the charity remains in a satisfactory financial position and that expenditure has been managed in accordance with its charitable objectives. ## **PLANS FOR THE FUTURE** The church intends to continue to hold its regular meetings, conferences and other activities in furtherance of its charitable objectives. ## **RESERVE POLICY** It is the policy of the Charity to maintain unrestricted funds at approximately three months of unrestricted expenditure. This provides sufficient funds to cover emergency expenditure that may arise from time to time. ## **RISK MANAGEMENT** The charity has assessed the major risks to which it is exposed, in particular those related to its operations and finances, and the trustees are satisfied that appropriate systems are in place to mitigate exposure to major risks. ## **TRUSTEE RESPONSIBILITIES** Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the charity. They are required to: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. Prepare financial statements on an ongoing basis. They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the Charities Act 2011. They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities. Approved by the Trustees and signed on their behalf: ___Noah Mushet________________ Trustee Date: 25[th] August 2026___________ ## **PHILADELPHIA COVENANT KEEPERS** ## **RECEIPTS AND PAYMENTS ACCOUNT** ## **FOR THE YEAR ENDED 31ST OCTOBER 2025** ## **1. Receipts & Payments Account (General Purpose Fund)** |**Income Receipts**|**2025 2024**| |---|---| ||**£**| |Tithes and Offerings /Donations and other income|6,5104987| |Total Receipts|6,510 4987| ## **Direct Charitable Expenditure** |**Direct Charitable Expenditure**|| |---|---| |**Direct Charitable Expenditure**|**£**| |Admin services|1,025 915| |Hall HireRent|1000 900| |Conference/Study Seminar costs|1265 890| |Transport|540420| |Speakers expenses|560 600| |Stationary|380 240| |Professional fees|255120| |Mission|815 750| |Online training supplies|430780| |Subtotal Direct Charitable Expenditure|6,273 5,615| ## **Other Expenditure** |**Other Expenditure**|| |---|---| |**Other Expenditure**|**£ **| |Equipment, instruments: Projector|255 0| |Total Payments|255 0| ## **Net Receipts/(Payments) for the Year** ||**£**| |---|---| |Total Receipts|6,510 4,987| |Total Payments|6,273 5,615| |NetReceipts (Payments)fortheYear|6,5104,987| |Cash Funds brought forward|237 375| |Cash funds at the end ofthe year|865 628| ## **PHILADELPHIA COVENANT KEEPERS** ## **STATEMENT OF ASSETS AND LIABILITIES** ## **AT 31ST OCTOBER 2025** ## **2. Statement of Assets and Liabilities** ## **Monetary Assets – Unrestricted Funds** |**Monetary Assets – Unrestricted Funds**|| |---|---| ||2025 2024| ||**£ £**| |Cash at hand and in bank|865 628| |Total Cash Funds|865 628| The closing cash figure of £865 is calculated from the supplied opening cash of £628 plus the 2025 net surplus of £237. ## **Assets Retained for the Charity's Own Use** |**Assets Retained for the Charity's Own Use**|| |---|---| |**Non-monetary Assets**|**£**| |Online Instruments|255 570| |Equipment|0 692| |Total Non-monetaryAssets|1,517 1,262| ## **Liabilities** |**Liabilities**|| |---|---| |**Liabilities**|**£**| |Bookkeeping|250| |Total Liabilities|250| The accounts were approved by the trustees and signed on their behalf by: Pastor Noah Mushet ______________________________ Signature Date: __25/08/2026______________ ## **PHILADELPHIA COVENANT KEEPERS** # **NOTES TO THE FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31ST OCTOBER 2025** ## **ACCOUNTING POLICIES** ## **Basis of Accounting** These accounts have been prepared on the receipts and payments basis, with income and expenditure recognised when received or paid. Non-monetary assets are shown at estimated value where appropriate. ## **Funds** The CIO has a general unrestricted fund which receives voluntary donations and other income generated in connection with its charitable activities. ## **Public Benefit** The charity acknowledges its requirement to demonstrate clearly that it has charitable purposes or aims for the public benefit. Details of how this is achieved are provided in the Trustees’ Report. The trustees confirm that they have had due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. ## **Financial Summary** |**For the year ended 31st October 2025**|**£**| |---|---| |Total income|6,510| |Totalexpenditure|6,273| |Net surplus|237|