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REGISTERED COMPANY NUMBER: CE008008 (England and Wales)
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
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Mieres & Co
Chartered Certified Accountants
35 Fir Tree Walk
Reigate
Surrey
RH2 ORT
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025
Page
Report of the trustees 1 to 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6 to 7
Notes to the financial statements 8 to 13
Detailed statement of financial activities 14 to 15
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS_ 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective and principal activity of the charity is to promote the advancement of the Christian religion through
churches established in the United Kingdom and elsewhere, in accordance with the Articles of Faith contained in the
Charity's constitution.
Significant activities
Faith Chapel Ministries experienced a year of significant progress, marked by strategic organisational development and
impactful ministry initiatives. The establishment of a new Executive Board and Finance Committee, alongside the
election of a new Board of Trustees and the creation of new departments, has enhanced governance and strengthened
the pursuit of the charity's three core objectives.
The upgrade carried out in the Media team has improved community outreach by enhancing livestreaming capabilities,
crucial for events like funerals and baby blessings. This initiative also provides valuable digital skills and work
experience for young members involved in weekly broadcasts.
Our Men's, Women's, and Youth departments saw increased engagement through impactful conferences and
well-attended monthly meetings. Notably, the youth department's new second Sunday service has attracted growing
numbers, with several recent conversions and memberships.
Quarterly 'Family and Friends' services significantly boosted attendance from non-members, and extended after-service
fellowship has fostered a stronger sense of community. This contributed to record growth this year, evidenced by the
highest number of baptisms in recent years:14. The Events Planning Department demonstrated creative evangelism,
exemplified by a Movie Night that led to a new membership. Fortnightly discipleship classes are now in place to
integrate new members into the church community. We are confident that these activities achieved the charity's first
core objective.
Addressing its second core objective, the Education and Training department focused on equipping leaders through
training and development workshops, enabling them to better support members, engage the community, and attract
younger generations who bring vital energy to the church. Speakers’ training has enhanced the delivery of the gospel
message, drawing repeat visitors. Additionally, essential IT skills training was provided to senior members, educating
them to ensure they are not left behind in this age of advanced digital technology. The department also facilitated a
health campaign, presented by the Multi-Cultural Marketing Consultancy (MMC) and the NHS South London Cancer
Alliance, who addressed the congregants about breast and prostate health issues.
The Community Outreach team actively shared the gospel through acts of service, including partnerships with Wrap Up
London to provide over 50 coats to those in need and the Robes Homeless Project for Christmas shoeboxes filled with
toiletries, vitamins and winter warmers for homeless individuals over that season. We also supplied food and clothing
to the Southwark Day Centre for Asylum Seekers (SDCAS). We are satisfied that this is in alignment with the charity's
third core objective.
The Evangelism Outreach team continued community outreach through street witnessing, evangelism workshops, and a
well-received summer BBQ. The recent acquisition of a church minibus now enables members to connect with other
churches, further promoting the gospel and will facilitate the transportation of local children to services.
Despite increased expenditure due to major purchases and the provision of refreshments at various initiatives, the year
has yielded a notable uplift in membership and attendance across weekly services and monthly meetings. A palpable
sense of excitement now permeates the congregation, leading to increased personal invitations to church.
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
REPORT OF THE TRUSTEES
for the Year Ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Public benefit
The trustees are of the opinion that they have complied with the duty in Section 4 of the Charities Act 2011 with regard
to public benefit guidance published by the Charity Commission.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its foundation constitution as a Charitable Incorporated Organisation (CIO), as defined by
the Charitable Incorporated Organisations (General) Regulations 2012 of The Charities Act 2011.The charity is not
registered with Companies House.
Organisational structure
Faith Chapel Ministries of the Pentecostal Assemblies of the World was registered as a Charitable Incorporated
Organisation, (CIO), with the Charities Commission on 4th October 2016. This CIO was formed to take over the
operations, assets and liabilities of the unincorporated Charitable Trust, Faith Chapel Pentecostal Assemblies of the
World (Apostolic UK).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE008008 (England and Wales)
Registered Charity number
1169477
Registered office
198 Bellenden Road
Peckham
London
SE15 4BW
Trustees
Rev. L G Thomas
Rev. A Y Asamoah (resigned 14.4.24)
L Chambers (resigned 14.4.24)
J Pitt
Ms M Oteng (resigned 14.4.24)
Mrs C Morgan (resigned 14.4.24)
Mrs M Pinnock (resigned 14.4.24)
M Haughton (appointed 14.4.24)
Mrs M Pinnock (appointed 14.4.24)
F Wheatle (appointed 14.4.24)
Mrs M St Fort (appointed 14.4.24)
Mrs B Anderson (appointed 14.4.24)
Mrs V John (appointed 14.4.24)
Independent Examiner
W M Mieres FCCA
Mieres & Co
Chartered Certified Accountants
35 Fir Tree Walk
Reigate
Surrey
RH2 ORT
Approved by order of the board of trustees on 10 June 2025 and signed on its behalf by:
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PENfECOSTAL ASSEMBLIES OF ThE WORLD REPORT OF THE TRUSTEES for tbe Year End¢d 31 21Y25 Rev. L G Thomas. Tn Pag¢ 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAITH CHAPEL MINISTRIES OF THE PENTECOSTAL ASSEMBLIES OF THE WORLD
Independent examiner's report to the trustees of Faith Chapel Ministries of the Pentecostal Assemblies of the World ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as_ carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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ws
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W M Mieres FCCA
Mieres & Co Chartered Certified Accountants 35 Fir Tree Walk Reigate Surrey RH2 ORT
10 June 2025
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FAITH CHAPEL MINISTRIES OF THE PENTECOSTAL ASSEMBLIES OF THE WORLD STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025 2025 2024 Unrestricted Total fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 109,700 104,561 Other trading activities 2 2,463 3,500 Investment income 3 42,157 35,279 Total 154,320 143,340 EXPENDITURE ON Raising funds 4 139,460 125,957 Charitable activities Cost of generating voluntary income 19,359 8,227 Total 158,819 134,184 NET INCOME/(EXPENDITURE) (4,499) 9,156 RECONCILIATION OF FUNDS Total funds brought forward 972,310 963,154 TOTAL FUNDS CARRIED FORWARD 967,811 972,310
The notes form part of these financial statements
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FAITH CHAPEL MINISTRIES OF THE PENTECOSTAL ASSEMBLIES OF THE WORLD
BALANCE SHEET 31 March 2025
2025 2024 Unrestricted Total fund funds Notes £ £ FIXED ASSETS Tangible assets 8 312,310 256,951 CURRENT ASSETS Debtors 9 3,367 365 Investments 10 81,925 81,306 Prepayments and accrued income 8,249 - Cash at bank and in hand 567,180 636,938 660,721 718,609 CREDITORS Amounts falling due within one year 11 (5,220) (3,250) NET CURRENT ASSETS 655,501 715,359 TOTAL ASSETS LESS CURRENT LIABILITIES 967,811 972,310 NET ASSETS 967,811 972,310 FUNDS 12 Unrestricted funds 967,811 972,310 TOTAL FUNDS 967,811 972,310 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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PENfECOSTAL A&sEMBl OF THE WORLD BALANCE SHEET- contlnued 31 March 2025 These fina181 statements have been prepared in accordance with the proviston5 applicable to charitsble companies Subject to the )&1] cornpanics regime. The financial statements w¢r¢ approvcd by the Board of Tnjstees and authorised for issu¢ on 10 June 2025 and were Signed on its behalf by: L G Thotnas. Tn LOh6wQ M Haughton - Trustee The notss form part of these fu181 statements Page 7
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025
1. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)',
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but
not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property - not provided
Multimedia and music equipment - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 March 2025
2. Other trading activities
2025 2024
£ £
Other income 2,463 3,500
3. Investment income
2025 2024
£ £
Rents received 41,538 33,966
Credit Union deposit interest 619 1,313
42,157 35,279
4. Raising funds
Raising donations and legacies
2025 2024
£ £
Support costs 141,459 125,957
5. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Depreciation - owned assets 6,198 1,989
Surplus on disposal of fixed assets (1,999) -
6. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustees' expenses
There were no trustees! expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
7. Comparatives for the statement of financial activities
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 104,561
Other trading activities 3,500
Investment income 35,279
Total 143,340
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EXPENDITURE ON Raising funds
125,957
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025
Comparatives for the statement of financial activities - continued
Charitable activities Cost of generating voluntary income
Total
Unrestricted fund £ 8,227 134,184
NET INCOME
9,156
RECONCILIATION OF FUNDS Total funds brought forward
963,154
TOTAL FUNDS CARRIED FORWARD
972,310
- Tangible fixed assets
Fixtures, Multimedia fittings Freehold and music and property equipment equipment £ £ £ COST At 1 April 2024 236,654 21,213 8,675 Additions - 5,829 1,200 Disposals - - - At 31 March 2025 236,654 27,042 9,875 DEPRECIATION At 1 April 2024 - 7,786 3,878 Charge for year - 3,357 1,199 At 31 March 2025 - 11,143 5,077 NET BOOK VALUE At 31 March 2025 236,654 15,899 4,798 At 31 March 2024 236,654 13,427 4,797
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025
- Tangible fixed assets - continued
Motor Computer vehicles equipment Totals £ £ £ COST At 1 April 2024 1 6,426 272,969 Additions 53,974 555 61,558 Disposals (1) - (1) At 31 March 2025 53,974 6,981 334,526 DEPRECIATION At 1 April 2024 - 4,354 16,018 Charge for year 1,124 518 6,198 At 31 March 2025 1,124 4,872 22,216 NET BOOK VALUE At 31 March 2025 52,850 2,109 312,310 At 31 March 2024 1 2,072 256,951 Debtors: amounts falling due within one year 2025 2024 £ £ Other debtors 2,664 365 Prepayments 703 - 3,367 365 Current asset investments 2025 2024 £ £ Pentecostal Credit Union deposits 81,925 81,306
-
Debtors: amounts falling due within one year Other debtors Prepayments
-
Current asset investments
-
Creditors: amounts falling due within one year
Accrued expenses
2025 2024 £ £ 5,220 3,250
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025
- Movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| 972,310 | (4,499) | 967,811 |
| 972,310 | (4,499) | 967,811 |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| 154,320 | (158,819) | (4,499) |
| 154,320 | (158,819) | (4,499) |
| Net | ||
| movement | At | |
| At 1.4.23 | in funds | 31.3.24 |
| £ | £ | £ |
| 963,154 | 9,156 | 972,310 |
| 963,154 | 9,156 | 972,310 |
| follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| 143,340 | (134,184) | 9,156 |
| 143,340 | (134,184) | 9,156 |
Unrestricted funds General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds General fund TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds General fund
TOTAL FUNDS
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FAITH CHAPEL MINISTRIES OF THE PENTECOSTAL ASSEMBLIES OF THE WORLD
NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2025
- Movement in funds - continued A current year 12 months and prior year 12 months combined position is as follows: Net movement At At 1.4.23 in funds 31.3.25 £ £ £ Unrestricted funds General fund 963,154 4,657 967,811 TOTAL FUNDS 963,154 4,657 967,811 A current year 12 months and prior year 12 months combined net movement in funds, included in the above as follows: Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 297,660 (293,003) 4,657 TOTAL FUNDS 297,660 (293,003) 4,657
Unrestricted funds General fund 963,154 4,657 967,811 TOTAL FUNDS 963,154 4,657 967,811 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
- —_ Related party disclosures There were no related party transactions for the year ended 31 March 2025.
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 March 2025
INCOME AND ENDOWMENTS
Donations and legacies
Offerings and tithes
Grants
Other trading activities
Other income
Investment income
Rents received
Credit Union deposit interest
Total incoming resources
EXPENDITURE
Charitable activities
Functions and events
Grants to institutions
Grants to individuals
Support costs
Management
Rates and water
Insurance
Light and heat
Telephone and internet
Postage and stationery
Advertising
Computer expenses
Building repairs and maintenance
Decorations
Equipment maintenance
Cleaning
Travel and accommodation
Security
Motor vehicle expenses
Coach hire
Subscriptions and licences
Books and periodicals
Ministerial and media services
Carried forward
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2025 2024 £ £ 109,700 104,323 - 238 109,700 104,561 2,463 3,500 41,538 33,966 619 1,313 42,157 35,279 154,320 143,340 13,388 5,023 570 - 5,401 3,204 19,359 8,227 598 617 4,578 4,512 10,302 11,611 1,713 1,378 2,410 2,901 807 295 1,270 1,250 20,493 25,895 1,116 819 12,176 5,082 3,422 3,330 2,059 - 936 868 1,328 706 2,585 1,225 3,735 2,770 1,158 495 3,160 4,950 73,846 68,704
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FAITH CHAPEL MINISTRIES OF THE
PENTECOSTAL ASSEMBLIES OF THE WORLD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 March 2025
2025 2024 £ £ Management Brought forward 73,846 68,704 Seminars and conferences 3,828 1,341 Bookkeeping services 1,700 1,200 Filing fees 250 250 Youth activities 1,145 1,686 Sundry expenses 102 25 Education and training 4,381 950 Reverend's stipend 39,306 39,240 Organist's fees 7,000 6,000 Gardening and landscaping 700 2,700 Property management 1,101 - 133,359 122,096 Finance Bank charges 35 - Card charges 67 71 102 71 Other Depreciation of multimedia and music equipment 3,357 712 Depreciation of fixtures, fittings and equipment 1,199 587 Motor vehicles 1,124 - Depreciation of computer equipment 518 691 Profit on sale of motor van (1,999) - 4,199 1,990 Governance costs Accountancy 1,800 1,800 resources expended 158,819 134,184 (expenditure)/income (4,499) 9,156
Governance costs Accountancy Total resources expended
Net (expenditure)/income
This page does not form part of the statutory financial statements
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