2021-09-30-accounts

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30[TH] September 2021

CHARITY NUMBER: 1165799

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM 2 HUDSON GROVE PETERBOROUGH PE7 0LT

INDEX Page Index 1 Trustee’s Report 2 – 3 Independent Examiner’s Statement 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7

1

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM

TRUSTEES’ REPORT YEAR ENDED 30[TH] SEPTEMBER 2021

The trustees are pleased to present their report for the year ended 30[th] September 2021 for the charity, Grace of God Pentecostal Church United Kingdom with charity number 1165799.

The Trustees of the charity are: Rev Roberto Domingues De Faria Ms Luzineide Lima

Mr Carlos Jose Ribeiro

The principal address of the charity is : 2 Hudson Grove Peterborough PE7 0LT

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 29[th] February 2016.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 faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . 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.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation continues to hold several conferences during the year in which individuals came from all around the community to attend. This has produced good results in reaching and helping members of the community.

2

FINANCIAL REVIEW

The income of the charity is above £45,000. This is a good amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the rent of its building that it uses for worship services and church office rent.

.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity 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.

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 church. 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 church 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 church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 31[st] August 2022 and signed on their behalf by:

---

3

Independent Examiner’s Report To the Trustees

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM

I report on the accounts of the church for the year ended 30[th ] September 2021 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

• Examine the accounts under section 145 of the 2011 Act.

• Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.

• 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 Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention;

• (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:

• proper accounting records are kept( in accordance with section 130 of the 2011 Act

• accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or

• (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Chuks Ajuka Bsc(Man) FICB PMDip FRESH FIRE BUSINESS SERVICES Generator Business Centre Unit 5 95 Miles Road Mitcham Surrey CR4 3FH

4

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM

ACCOUNTS FOR THE YEAR ENDED 30th September 2021

1 Receipts & Payments Account (General Purpose Fund)

Income Receipts Voluntary Income Grant Total Receipts Direct Charitable Expenditure Hall Hire Repairs Hospitality Telephone & Internet Bank Charges Web hosting Events & Evangelism costs Church supplies Stationery Travel & Vehicle expenses Charity Donations Wages Profesional fees Tax/NI & Pension Insurance Other Expenditure Equipment Card Services Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	£/ 2021 £/2020 27274 31475 18278 8856
	45552 40331
	1507 2552 583 354 988 392 564 433 43 259 58 56 315 1556 715 248 364 1027 1423 7565 1569 24718 24083 1268 936 3309 3086 244 0
	43676 36539 1341 0 72 105
	1413 105 45089 36644 463 3687 4767 1080
	5230 4767

5

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM

**2 **	Statements of Assets and Liabilities at 30th September	Statements of Assets and Liabilities at 30th September	Statements of Assets and Liabilities at 30th September	2021
	Monetary Assets
	Cash Funds	Unrestricted		Funds
		£/2021	£/2020
		£	£
	Cash at hand and in bank	5230		4767
	Total Cash Funds	5230		4767
	Assets Retained for the
	Charity's Own use
	Non-monetary Assets and Liabilities
	Musical Instruments	145		181
	Equipments	1927		1067
		2072		1248
	Liabilities
	NET ASSETS	7302		6015

These accounts were approved by the trustees and signed on their behalf by: Rev Roberto Domingues De Faria

---

6

GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30th September 2021

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Trustee Benefits

Trustee Rev Roberto Faria received remuneration under PAYE scheme of £12359 for services rendered to organisation as pastor of the church.

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20% reducing balance method.

FIXED ASSETS

Cost	Equipment	Instrument	Total
01/10/2020	2472	440		2912
Additions	1341	0		1341
30/09/2021	3813	440		4253
Depreciation
01/10/2020	1405	259		1664
Charge	481	36		517
30/09/2021	1886	295		2181
NBV
30/09/2021	1067	181		1248
30/09/2020	1927	145		2072

7