GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] September 2023
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
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GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM
TRUSTEES’ REPORT YEAR ENDED 30[TH] SEPTEMBER 2023
The trustees are pleased to present their report for the year ended 30[th] September 2023 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 Fabio Gomes Romagnoli
The principal address of the charity is : 2 Hudson Grove
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.
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FINANCIAL REVIEW
The income of the charity is above £27,000. This is a lower 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 wages for staff.
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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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 12[th] August 2024 and signed on their behalf by:
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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 2023 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 :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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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;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(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
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GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM
ACCOUNTS FOR THE YEAR ENDED 30th September 2023
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 Benevolence Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
£/ 2023 £/2022 27646 28217 |
|---|---|
| 27646 28217 |
|
| 4652 4232 0 45 634 650 642 703 0 0 89 58 420 0 399 228 189 135 2769 1502 420 1591 14867 17362 828 878 1470 2854 253 244 |
|
| 27632 30482 419 287 322 269 0 11 |
|
| 741 567 28373 31049 -727 -2832 2398 5230 |
|
| 1671 2398 |
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GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDOM
| **2 ** | Statements of Assets and Liabilities at 30th September | Statements of Assets and Liabilities at 30th September | 2023 |
|---|---|---|---|
| Monetary Assets | |||
| Cash Funds | Unrestricted | Funds | |
| £/2023 £/2022 |
|||
| £ £ |
|||
| Cash at hand and in bank | 1671 | 2398 | |
| Total Cash Funds | 1671 | 2398 | |
| Assets Retained for the | |||
| Charity's Own use | |||
| Non-monetary Assets and Liabilities | |||
| Musical Instruments | 93 | 116 | |
| Equipments | 1753 | 1772 | |
| 1846 | 1888 | ||
| Liabilities | |||
| NET ASSETS | 3517 | 4286 |
These accounts were approved by the trustees and signed on their behalf by: Rev Roberto Domingues De Faria
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| GRACE OF GOD PENTECOSTAL CHURCH UNITED KINGDM | ||||||||
| NOTES TO THE FINANCIAL STATEMENTS | ||||||||
| FOR THE YEAR ENDED 30th September 2023 | ||||||||
| ACCOUNTING POLICIES | ||||||||
| Basis of Accounting | ||||||||
| These accountshave beenprepared onthereceipts and payments basiswithall | ||||||||
| revenue and expenses shownona cashbasis. Non-monetary assets are shownat | ||||||||
| estimates ofthevalue at the end ofthe year. | ||||||||
| Funds | ||||||||
| The CIOhas a generalunrestrictedfund thatreceivesvoluntary donationsfrom | ||||||||
| attendants at the services. | ||||||||
| The CIOhasno outstanding guarantees to third partiesno any debts secured onthe | ||||||||
| asstes ofthe CIO | ||||||||
| Trustee Benefits | ||||||||
| TrusteeRev RobertoFariareceivedremunerationunder PAYEscheme of£7434 | ||||||||
| forservicesrendered to organisationas pastorofthe church. | ||||||||
| Public Benefit | ||||||||
| The charity acknowledgesitsrequirement to demonstrate clearly thatitmusthave | ||||||||
| charitable purposes oraims that areforpublic benefit.Details of howthisis achieved | ||||||||
| are providedintheTrusteesreport. The trustees confirmthat theyhave paid due | ||||||||
| regard to the Charity Commissionguidance onpublic benefit before deciding | ||||||||
| what activities the charity should undertake. | ||||||||
| Depreciation | ||||||||
| Depreciation is calculated at20%reducing balancemethod. | ||||||||
| FIXED ASSETS | ||||||||
| Cost | Equipment | Instrument | Total | |||||
| 01/10/2022 | 4100 | 440 | 4540 | |||||
| Additions | 419 | 0 | 419 | |||||
| 30/09/2023 | 4519 | 440 | 4959 | |||||
| Depreciation | ||||||||
| 01/10/2022 | 2328 | 324 | 2652 | |||||
| Charge | 438 | 23 | 461 | |||||
| 30/09/2023 | 2766 | 347 | 3113 | |||||
| NBV | ||||||||
| 30/09/2022 | 1772 | 116 | 1888 | |||||
| 30/09/2023 | 1753 | 93 | 1846 | |||||
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