Charlty re8lstratlon number 1183354 (England and Wales) IPSWICH PENTECOSTAL CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 IPSWICH PENTECOSTAL CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Finny George Tinu Johri Joel Rajan Punoose Kurian Saju Varghese Saji George Momino Chacko Charity number IEn8land and Wales} 1183354 Prlncipal addre$5 51 Roundwood Road Ipswich Suffolk IP4 4LT Independent examiner Staines and Co 235 Foxhall Road Ipswich Suffolk IP3 8LF IPSWICH PENTECOSTAL CHURCH CONTENTS Page Trustees, report Independent examiner's report statement of financial activities Balance sheet Notes to the financial statements 6-10 IPSWICH PENTECOSTAL CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE2025 The trustees present their annual report and financial statements for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 The Financial Reponing Stand3rd applicable in the UK and Republic of Ireland. and the Charities SORP "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 IFRS 1021" Objectives and artivities To advance the Christian religion in England for the benefit of the public and in particular but not exclusively through the holding of prayer meeting5, pastoral ￿re. lectures, producing and distributing literature on Christianity to enlighten others about the Christian religion. To prevent or relieve poverty by providing.. 8ranrs, items anil services to individua15 in need andlor charities, or other organisations working to prevent or relieve poverty Public benefit The trustees have paid due regard tts guidance issued by the Charity Commission in deciding what attivities the charity should undertake. Fbnan¢ial review Reserves poINty It 15 the policy of the charity that unrestricted fund5 which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditu￿. The trustees consider that reserves at this level will ensure that, in the event ol a 5iÈnificanr drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds rnay be raised. This level of reserves has been maintained throughout the year. Structure, 8overnance and managefflent The charity is constituted a5 unincorporated charity and is registered with the Charity Commission in the United Kingdom. The trustee5 who served during the year and up to the date of signature of the financia15tatements were.. Finny George Tinu John Joel Rajan Punoose Kurian Saju Varghese 5aji George Momino Chacko Recruitment ond oppointment of trustees None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute Él in the event of a winding up. IPSWICH PENTECOSTAL CHURCH TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 30JUNE 2025 The trustees. report was approved by the Board of Trustees. Finny George Trustee 10 February 2026 IPSWICH PENTECOSTAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF IPSWICH PENTECOSTAL CHURCH I report to the trustees on my examination of the finaricial statements of Ipswich Pentecostal Church (the charity) for the year ended 30 June 2025. Respon5ibilltle5 and basls of report A5 the trustees of the charity you are ￿SPOnSible for the preparation of the financial statements in accordance with the requirement5 of the Charities Act 2011. I report in respect of my examination of the charity's financial statement5 carried out under section 145 of the Charities Art 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examlner's statement Yokjr attention is drawn to the facr that the tharity has prepared the financial statements in accordance with the relevant version of the Statement of RecorHmended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 200S which is referred to in the extant regulations but has now been withdrawn, 1 understand that this ha5 been done in order for the financial statements to provide true and fair view in accordance with UK Generally Ac£epted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in coff nection with the examination giving me cause to believe that in any material respect.. accountin8 records were not kept in respect of the charity as required by section 130 of the Charities Act 2011. the financial statements do not a£cord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regu13tion5 2008 other than any requirerNent that the financial sratement5 give a true and lair view. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which attention should be drawn in this report in tsrder to enable a proper understanding of the financial 5taternents to be reached. Stalne5 and Co 235 Foxhall Road Ipswich Sullolk IP3 8LF 11 February 2026 IPSWICH PENTECOSTAL CHURCH srATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025 Unrestrlcted funds 2025 Unrestricted funds 2024 Notes Income from- Dtsnations and legacies Investments 52.083 2.168 49,394 144 Total Income 54,251 49,538 Expenditure on: Raising fund5 33,631 26,588 Total expendlture 33.631 26,588 Net income and rnovement in funds 20,620 22,950 Reconciliation of funds: Fund balances at l July 2024 62.965 40,015 Fund balances at 30 June 2025 83,585 62.965 The statement of financial activitie5 includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. IPSWICH PENTECOSTAL CHURCH BALANCE SHEET AS AT 30 JUNE 2025 2025 2024 Note5 Current asset5 Cash at bank and in hand 83.945 63,325 Creditors: amounts fallFng due wlthln one year io 13601 13601 Net current assets 83.585 62,965 The funds of the charity Unresrricted funds li 83.585 62,965 83,585 62,965 The financial statement5 were approved by the trustees on 10 February 2026 Finny George Trustee IPSWICH PENTECOSTAL CHURCH NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 JUNE 2025 Accountin¥ policies Charity Infomi•tlo Ipswich Pentecostal Church is a unincorporated charity and is registered with the Chariry Commission in the United Kingdom. 1.1 Basls of preparatlon The financial statements have been prepared in accordance with the charity's 8overning document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ire￿and, and the Charities SORP "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 IFRS 1021" The charity is a Public Benefit Entity a5 defined by FRS 102. The £harity has taken advantage of the provisions in the SORP for charities not to prepare a starement of cash flows. The financial statements have departed frorn the Charities (Account5 and Reports) Regulations 2008 only to the extent required to provide a true and lair view. This deparrure ha5 involved following the Statement of Recommended Practice for chariries applying FRS 102 rather than the version of rhe Statement of Recommended Practice which 15 referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterllng, which is the functlonal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. Imodilied to include the revaluation of freehold properties and to include inve5trnent properties and certain financial instruments at fair valuel. The principal actounting pollcies adopted are set otjt below. 1.2 Golng concern At the time ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foresee3ble future. Thus the trustees continue to adopt the going concern basis ol accounting in preparing the financial statements. 1.3 Charitable fvnd5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objective5. Restricted funds are subject to specific conditions by donor5 or grantors as to how they may be used. The purpose5 and uses of rhe restricted funds are set out in the nores to the financial Statements. Endowrnent funds are subjeit to Specific conditions by donors that the capital must be maintained by the charitv. 1.4 Income In£ome is recognised when the charity is legally entitled to it after any performance condltions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity ha5 been notified of the donation, unless performance Conditions require deferral of the amount. Income tax recoverable in relation to donatlOll5 received under Gift Aid or deeds of covenant 15 re£ogni5ed at rhe time of the donation. LeEacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution. the amount is known. and receipt 15 expected. If the amount is not known. the legacy is treated as a contingent asset. IPSWICH PENTECOSTAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Ac¢ountlng ptsli¢le5 (Continued) 1.5 Empendlture Expenditure 15 recognised once there is a legal or constructive obli8ation to transfer economic benefit to a third party, it is probable that a rransfer of economic benefits will be required in settlement, and the amount of the obligation can be meèsured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct Costs and shared costs, including support costs involved In undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one attivity and support costs which are not attributable to a single activity 3re apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and ¢ash equivalents Cash and tash eouivalents include cash in hand. deposits held at call with banks, other shorr-term liquid investment5 with original maturities of three months or less, and bank overdrafts. 8ank overdraft5 are shown within borrowings in Bosicflnoncial ussets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrarigement constitutes a financing transaction, where the transaction is measured at the present value of the future receipt5 discounted at a market rate of interest. Financial assets classified as ￿Ceivable within one year are not arnortised. 8usi¢Alnonciol liabilities Basic firiancial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitute5 a financing transaction, where the debt instrumenr is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are Subsequently carried at arnortlsed cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operation5 from supplier5. Amounts payable are classified as current liabilities if payrnent is due within one year or les5. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amort15ed cost using the effective interest method. Derecognition olfinoncitsl liobllitie5 Financial liabilities are derecognised when the charit¢s contractual obligations expire or are discharged or cancelled. 1.7 Employee benefits The cost of any unused holiday entitlernent is recognised in the period in which the employee's services are received. Termination benefits are recognised Immediate￿ as an expense when the charity is demonstrably committed to terminète the employment of an employee or to PTovide termination benefit5. IPSWICH PENTECOSTAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Critical accounting estimates and judgements In the application of rhe charity's accounting policies, the trustees are required to rnake judgements. estimate5 and assumption5 about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimate5 and associated a5SUlllPtions are b3sed on historical experience and other factors that are considered to be relevant. Actual result5 may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogni5ed in the period in which the estimate is revised where the revision affecrs only that period, or in the period of the rev15ion and future periods where the revi510n affect5 both current and future periods. Donation5 and legacles Unrestrlcted Unrestrl¢ted funds fvnds 20ZS 20Z4 Donations and gift5 Gift Aid Reclaimed 42,594 9.489 41,115 8,279 52,083 49,394 Income from investment5 Unrestricted lunds 2025 Unrestricted fund5 2024 Interest receivable 2,168 144 Expendlture on rzlslng funds Unrestrlded fund5 Z025 Unrestrlcted funds 20Z4 Fyndralslng and publl¢lty Staff costs Support costs 8,400 25,231 8,400 18,188 33.631 26.588 IPSWICH PENTECOSTAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE 2025 Net movement In funds 1025 20Z4 The net movement in funds is stated after chargingllcreditln81.. Fees payable lorthe independent examination of the charity's financial staternents Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. Employee5 The average rnonthly number of employees during the year was-. 202S Number 2024 Number Employment costs 2025 2024 Wages and salaries 8.400 8.400 There were no employees whose annual remuneration was more than £60.OIX). Remuneration of key management personnel The remuneration of key management personnel was as follows: Taxation The charity is exempt from taxation on its activities because all its income is applied for charitsble purpose5. 10 Creditors: amounts falling due within one year 2025 2024 Accrua15 and deferred incorne 360 360 IPSWICH PENTECOSTAL CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30JUNE 2025 li Unrestrlrted funds The L5nrestricted funds of the charity comprise the unexpended balances of donatlOll5 and grants which are not subject to specific conditions by donor5 and grantors as to how they may be used. These include designated funds which have been set aside out ol unrestricted funds by rhe trustees for specific purposes. At l July ZOZ4 Incomin8 iesource5 Resources At 30 June 2025 expended General funds 62.965 54,251 133,6311 83.585 Previou5 year: At l July 2013 Incornin8 re50Ufces Resource5 At 30June 2024 expended General funds 40,015 49.538 126.5881 62,965 IZ Related party transa¢tlons There were no disclosable related party transactions durlng the year12024- none). 10- Ipswich Pentecostal Church Year Endlng 30.06.25 Income and Expenditure Summary Z025 2024 Income Donations Gift Aid Interest 42,593.96 9,488.78 2,168.25 41,115.32 8.278.50 144.32 54,250.99 49,538.14 Expenditure Wages Pension Pastor5 Hall Hire Light and Heat Rate5 Phone Repairs Cleaning Insurance Travel pps Accountancy Computer Donations Event5 Advertlsing Training Suridry Bank Charges Depreciation 8,400.00 8,400.00 2,200.00 10,306.00 950.00 10,000.50 795.98 179.20 122.92 566.27 360.00 192.00 2,689.99 2,454.52 360.00 604.92 2,496.70 7,486.57 227.36 1,426.04 33,630.51 26,588.46 Other income/expenses Surplus/Deficlt 20,620.48 22,949.68