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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1183234 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR

PASTORS’ EXECUTIVE

SSYNERGY ACCOUNTANTS

The Old Courthouse

Orsett Road, Grays

RM17 5DD

PASTORS’ EXECUTIVE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

Page
Report of the Trustees 1
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statement 6
Report of the Accountant 7

1

REPORT OF THE TRUSTEES

Current Trustees:

Pastors(s) Nigel Brown, Success Adeshida, Chiso Nwokoro, Alan Taylor, Greg Mitchell

Financial Review:

Income for the Period 1-1-23 – 31-12-23: £600 Expenses for the Period 1-1-23 – 31-12-23: £60

Achievements & Performance:

As we reflect on the past year, we are filled with gratitude and joy as we see our churches flourishing and making progress. It has been an incredible journey, marked by significant milestones and achievements.

In the UK, we have witnessed God's favour as several churches have successfully completed the purchase of their own buildings including our fellowship churches in Wembley and Bolton. We are also excited to know that other churches are currently working towards completing their purchases in 2024.

Our annual Rotherhithe Conference in April was a powerful event, featuring guest speaker Pastor Richard Rubi as well as local UK pastors. The conference was filled with excitement and anticipation as attendees left feeling inspired and motivated. During the conference, we celebrated the launch of five new churches:

Matthew & Shannon Bishton : Liverpool, out of Digbeth, Birmingham

Mo & Nicole Mukanga : Wednesbury, out of Wolverhampton

Daniel & Saskay Campbell : Epsom, Surrey, out of Wandsworth

Olu & Lauren Aseru : Romford, out of Wandsworth

Oggs & Sheri Tia-Okwee : Bracknell, out of Reading

Wonyo & Rumbi Setufe : Dartford, out of South London

The UK Pastors seminars in May were a huge success, attracting over 90 ministerial couples and missionaries via livestream. The sermons resonated deeply with attendees, who left feeling blessed, refreshed and rejuvenated.

Ps Nigel Brown and Ps Fred Rubi continued their efforts, conducting Pastors leadership tables and local victory rallies across nine locations in the country. At these events, pastors and church members in each locale not only came together to hear uplifting and inspiring sermons but also to strengthen their relationships and brotherly bonds.

Our Harvesters Homecoming events in Croydon and Norwich were a highlight of the summer, where on-field pastors and churches of each wing gathered to celebrate God's blessings and purpose. According to reports, the atmosphere at each of the two events was electric, with attendees leaving feeling grateful and encouraged.

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The Waltham Forest Conference in October was our final major event of the year, featuring Pastors Greg Mitchell and Tom Payne. With over 1000 attendees each night, the venue was packed to capacity! We celebrated new missionaries, local church plants, and ministerial changes – an unforgettable experience!

We are excited for the riveting announcements:

We welcomed Pastoral changes:

We are also thrilled to announce new church plants in:

As we look to 2024, we are filled with gratitude for God's blessings and anticipation for the year ahead. We pray for our new churches to commence their efforts on the harvest fields with fruitfulness and favour in their area of labour.

Over the past year, our Pastor's executive website has become a valuable resource hub, providing accessible information to all our pastors. The website offers a range of useful templates and documents to facilitate smooth operations with some Pastoral responsibilities, including templates for requesting support, guidelines for caring for Impact Teams and Bands, and policies for Care of Evangelists. Additionally, downloadable resources are available to assist with setting up as a registered Charity Incorporated Organisation (CIO), as well as information on pastoral moral integrity and UK copyright laws for using third-party images. We will continue to regularly update the website with new files and information that we believe will be beneficial to our local pastors and churches.

2

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports)

Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27/08/24 and signed on its behalf by:

Pastor Nigel Brown on behalf on the Trustees

3

PASTORS’ EXECUTIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

Income from Donations
Expenditure on Raising funds
Bank Charges
Net Income		 2023
2023
2022
Unrestricted
funds
Total Funds
Total
Funds
£
£
£
600
600
450
(60)
(60)
(60)
540
540
390

Reconciliation of funds

Reconciliation of funds
Funds brought forward
Funds carried forward		 667
667
667
1207
1207
667

4

PASTORS’ EXECUTIVE BALANCE SHEET 31ST DECEMBER 2023

2023 2023 2022
Unrestricted Total
funds Total Funds Funds
£ £ £
Fixed Assets - - -
Current Assets
Bank 1207 1207 667
1207 1207 667
Amounts falling due within one year - - -
Net Current Assets 1207 1207 667
Amounts falling due over one year - - -
Net Assets 1207 1207 667
Unrestricted Funds 1207 1207 667
Total Funds 1207 1207
 667

5

NOTES TO THE FINANCIAL STATEMENT

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. 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.

6

REPORT OF THE ACCOUNTANTS TO THE TRUSTEES OF THE PASTORS’ EXECUTIVE

As described in the trustees’ report that the trustees are responsible for the preparation of the financial statements for the period ended 31[st] December 2023 set out on page 2.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sharoon Sardar FCCA

SSYNERGY ACCOUNTANTS The Old Courthouse Orsett Road, Grays RM17 5DD

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