LONDON SLAVIC PENTECOSTAL CHURCH REPORTS AND FINANaAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 REGISTERED CHARrrY NUMBER 1183794 LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOO ENDED31 DECEMBER 2020 TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees here provlde thelr report and financial ststements for the London Slavk Pentecostal Church forthe period ended 31 December 2020. R•f•r•no and A(knlnT5tratl¥e Detalls and TTUStees The London Slavlc Pentecostal Church was Incorporated as a UK Reglstered Charltyon 7 June 2019 wlth the Re8iStered Charity Number 1183PJ4. The full address of the charity 1$ 35 Sweetcroft Lane, uXb￿dge, Mlddlesex, UBIO 9LE. The Trustees of the church comprlse the members of its elders. The rTustee5 durlng the year were as follows: MrA me￿lov$ Mr A Palastrov Mr I V Kostyuk Strurture and G¢)v•man¢• The Churth Is an Independent evan8eli¢al Siavlc Pentecostal church, founded In 2C08, n¢)w constituted by rts Le8al Constltutlon of 2019, based on Its Statement of Falth. The elder5 are elected by the Church Meetlng and are resp¢)nslble for leadershlp of the church. The constltution Is that of a Charitable Incorporated Organisation whose onjy votin8 members are its Charity Trustees. The Trustees Ithe elders) are elected by the Church Meeting and are rtsponslble for leadershlp of the church. There are no other senlor mana8ers to whom day-to4ay mana8ement is dele8ated. N trustees are remunerated. The Legal Constitution de￿ribeS declsion5 taken ￿ the trustees. stsff are appolnted to assist the trustees ènd are under their super¥islon. All expendlture by stsff Is authorlsed and countersl8ned by the trustees. The major risks to which the Church is exposed, as identified by the Trustees, in the areas of flnance, operatlons, safeguardlng, and regulatory compliance are ￿gUla￿V revlewed. Procedures are In place to mttigate those rf5ks whlth are consldered approprlate and effectlve. Trustee5 Statement of responslbllltles The trustees are responsible for preparing the Trustees, Report and the financial statements In accordance wlth appllcawe law ?nd Unlted Kln8dom Accountln8 standards In¢ludln8 Flnanclal Reportlng Standard 102.. The Flnancial Reporting Standard appllcable In the UK and Republic of Ireland Iunited Kingdom Generalty Accepted Accounting Pr3rticel- The law appli¢3ble to charities in England & wa￿ requires the trustees to p￿pare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the Income and expendfture of the charlty for that perlod. In preparlng these finandal stateme1￿. the trustees are Trquired to.. L014DON SLAVIC PENTECOSTALCHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 Trustee5 Statement ol responslbllltles Ic*)ntlnued) select sultable accounting pollcies and then appty them consistently. obserye the methods and principles in the Charities SORP FRS 102,. make judgments and a¢¢ountin8 estimates that are reasonable and pwdent; state whether applicable a¢counting standards have been followed, subjert to gny material departures disdosed and explained in the financial statements,. and prepare the financial statements on the 8olng concern basis unless It is Inapproprlate to presume that the charity will continue in I)usIne￿. The trustees are responsible for malntalnlng proper accountin8 records whlch disclose with reasonable accuraLV at any tlme the flnanclal position of the ¢harlty and enable them to ensure that the flnanclal statements comply wlth the Charftles Act 2011, the Charity (Accounts and Reports) Regulations 2c￿8 and the provlslons of the tfust deedlconstltutl¢)n. They are also responslble for safe8uardln8 the assets of the charity and hence for taklng reasonable steps for the preventlon and detertlon of fraud and other Irregularltles. The thU￿h,1 ObJtttl¥•s and Actlvttles The objective of the thurch Is set out In the CIO document. The main objertive is the advancement of the Chrlstlan faith. for the beneflt of the publlc In varlous ways, Sncludln& but not excluslvely, throLtrgh the holdln8 or prayer meetln8s, lerture5, public celebratlon of religious festivals ond the promotion of ra¢lal harmony in accordan¢e wlth the Church's statement of falth. To do these thln8s. St operates varlous funds In respect of different brariches of the work. It also alms to prevent and relleve poverty for the public benefit by providin8 funds, 8oods and servlces In such parts of the United Kingdom as the Trustee5 from time to time see flt. The Trustees have had due regard to the guidance issued by the tharity Commlssion relatin8 to publi¢ benefft, and the Church provides this in a number of ways.. Providin8 weekty public worship seNlces. prtmari￿ in thè Russlan language and simultaneous Interpretation In both English and Polish Provislon of Sunday SclK>oI Servi￿9 for ages three to frfteen Provision of weekly youth gTOUPS, includin8 Christian teaching and aCt￿ltIeS for local youn8 people, including an annual summer camp, which can be attended by all church members By its support of pioneer and mission works In the UK and acro￿ the world These artivitles are benefiaal as they encourage e4eryone trj have confldence to take a more actlve role in the splritual worship of God. Achievemerts and P•rlormance The year has no doubt been challenging for the churth with national Government lockdowns restricting the gathering and meeting tO8ether In places of worship. The church had no other LOMDON SiAVIC PENTECOSTAi CHURCM FOR ThE PERIOD ENDED 31 DECEMBER 20al afternatlve but to cOntIn￿ services ar)d meetrry (￿11￿ via Zoom meetlngs lor a number of months whllst dosely monr(orl￿ restrictlort5 In ol agaln In KWS0n. Zoom seryices were effectlve. and many worl&wide guest speakers parbclpated and thiharen's services an¢J youth servlces still contTrnued wa Zoom, cff In open publk outdoor pfaces when alk)wed. Once servlces resumed In person, In central London. meetlngs wtrre and stlll are Streamed vla Zoom to allow all partkipants tojoin. Èmphasis on outreach Into the community to make the tomforts and str*n8ths ofwor5hip •nd f*th available to al. Youth and Child￿n,5 workcontlnued to be a key ct*nwnent of the Churth's worl wlth Sunday School provldln8 for up to 20 under-fifteens w6thin the thur¢h cornmunlty, all provl¢Jed ￿ tralned indiv¢dual volunteers with adeouate safeguarthnB checks Fertormed annvally. Yovth 8roups of w to groups of 30 were suppo,rted by weekly Zoom meetings for prnyer •nd Bible study. sadly due to Covld 19, Youth Summer camp was cancelled In Au8usL ￿Ver pjstponed untll Summer 2021. Stemmln8 from the succe55 of the carnp In 2019, a Youth Campwas stlll hekl in Marth 2020, wlth atterth from Dublin. Leeds. Manthester arKI Germary. These have provtded blbllcal and rnoral Instrurtknn. keep￿￿ thlldren off the streets and out of sarq and Impartln8 a more wholestsme mindset forthelr fvture lives. R•vlew of Flnan¢ As shown In the Statement of Flnandal Attlvltles on page S. there ￿￿$ a net Inllow of resources spread acmss the v•rkus fvrtds. aosln8 reser¥ts were £24,￿2 ofwhkh £nrl was genef•ted for restrlc*d purposes. Fund5 •re 8enernlty used wtthFn a reasonably prompt timescale, •n*J ther• is no )Ilcy to maintain slgniflcant lon8-terni reserves. C*trnll. the status of fin•nclal affairs of the Church is considered to be very ￿tISfaCtOry. The Chvrch holds no property. ar￿ theonly finandal asset held balan￿ $￿et Is cash at bank of £27,408. Thls report was approved ￿ the trustees onQl October 2021 and slgned on its be￿￿. A Palastrov Trustee A Mesilovs Trustee l Kostyuk Trustee LONDON SLAVIC PE14TECOSTAL CHURCH FOR THE PERK)D EPIDED 31 DECEMBER 2020 INDEPENDENT EXAMINATION REPORT TO ThE TRLISTEES I report on the accounts of the charity for the year ended 31" December 2020, which are set out In Pages 6 to 12. Re5p•cllv• Responslblllty of Trustees and Examlner The charity's trustees are Tesponsible for the preparation of the accoun￿ The Charitys trustses consider that an audlt Is not required for this year under section 144121 of the Charities Act 2011 and that an independent examination is ￿eded. It Is my responsibility to.. Exambne the accounts under section 145 of the CharTty Act 2011, To follow the procedure laid down in the General Dlrections given by the Charoty Commisslon under settion 14515llbl of the Charlty Art 2011 and To state whether particular matters have come to my attention. Bajls of Ind•p•ndont E¥•mln•rf$ Report My examlnatlon was carrled cNJt in accordance wlth 8eneral dlrecttons 8lven by the Charlty Commlssion. An examlnation Includes a revlew of the accountinB records kept by the Charity and comparison of the accounts presented wlth those records. It also Includes Consideration of any unusual items or dls¢losure5 In the accounts, and seeking explanatlons from you as trustees Concernlng any such matter5. The procedure undertaken do not provlde all the evidence that would requlre in an audit, and consequently no opinion 15 given as to whether the accounts present• ' true and fair, vlew and the report Is lirnlted to those matters set out In the statement below. Indep•ndent Eyamlnerfs St*em•nt In connectlon wlth my examlnatlon. no matter come to my attentlon: Whlch glves me a reasonable cause to belleve that In. any materlal respecL the requirements.. the attountlng records were not kept In accordan￿ vAth section 130 of the Charitles Art 2011- and the accounts dld not accord wlth the accounting record5: or the accounts dld not tomply with the applicable reqylrements ¢oncernirt8 the fonn and content of accounts set out in the Charrties IAccounts and Reports) Regulations 2011 other than any requirement that the accounts give a 'true and fairf view which is not a matter considèred as part of an independent examination. I have no concem and have come across no other matters In connertion with the examinatron to which attention should be drawn In thi5 report in orderto enable a proper understanding of the accounts to be ￿ached. SONIA GUPTA ALLENBY ACCOUNTANTS Chanered Accountants 35 Sweetcroft Lane HillinBtlon UBIO 9LE a&li,Jaoal LOND014 SLAVIC PEr￿EcO￿Al CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 ATEMENTOF ANANCIALAcnvmES FOR THE PERIOD ENDED 31 DKEMBER 2020 Fortr* 7monthsendk 31 DeCem￿r2D19 Uw•stthtsd Intome Totsl l￿d5 Intomearnl Donations and le8aues (harltèble athlyes IiA6S IL865 29,267 1,035 30,301 1.930 1.298 T•tsiin(orne 163 2 965 32 231 Exp•Thdltur• w: Charltable I¢￿￿*$ Provlskn ol mkntstry and outreach 16391 IL6621 12,>111 14721 4.627 13.7COI 14,1811 27 22 L662 11584 N•t 579 745 423 745 745 579 579 23.423 23,423 Totsi fvI￿$ ￿￿ht forward 23A23 24.LX)2 23,423 T*]1 A23 423 Si￿ed on behal1ofallthe1n￿ee5 ￿ 210cb)bw 2021: EDY REASU LONt)ON SLAVIC PEpifEcosfALCHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 NOTESTO THE HNANCIAL ￿ATEmENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 l. A￿oUntIng Polldes The prlnclpal accouniing pollcies adopted, Judgements and key sources of estlmatlon uncertalnty In the preparation of the flnanclal statements are as follows.. l Accountln8 convention The financlal ststements have been prepared under the Charitles Act 2011 and In accordance wlth the Charities Statement of Recommended Prartice (Charttles SOAP IFRS 10211 and Flnancial Reportln8 Standard 102 IFRS 1021. The flnanclal statements a￿ drawn up on the hlstorlcal cost basls of accounting. The address of the re8lstered office Is 35 Sweetcroft lane, Uxbrld8e, Middlesex. UBIO 9LE. The ftnancial statements a￿ prepared In sterlln& which is the fianc￿onal currency of the charlty. Monetary amounts In these financial ststements are rounded to the nea￿$t £. bl Golng Concern There are no material Un￿rtaIntleS aboLrt the charlty's ablllty to continue. cl Income Voluntary Sncome Including le8ècSes bs accounted for once the charty has entltlement to the Income, It Is probable the Income will be recelved. and the amount of Income recelvable can be rellably measured. dl ExpendlturÈ All expen¢Jlture is Included on an acuuab basis. Grants made are accounted for when the commitment is made to make the payment. Charitable expenditure comprises all expenditure dlrertly related to the objects of the charlty- This includes governan￿ costs whlch represent the cost vf compllafi￿ wlth constthitlonal and statutory requirements. el Cash at bank Cash at bank bs 8 slxjrt temi highly liquid Investment tpAth a short maturrty of three month5 or less from the date of openln8 of the deposit. LONDON SLAVIC PErifECOSTAI CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 NOTES TO THE FINANCIAL STATEMEpirs FOR THE PERIOD ENDED 310ECEMBER 2020 2. Donatlons hYthe22 F•￿the7ft￿nths tr￿ Tot•1 Trt•l fimd5 fimds General donathjns OonatKns for m15s5onaries ar¥1 5pe¢lal 11,865 IiA65 29,267 29.267 Toial 1,035 li 3. Incom• from charttabl• actl￿tIeS Forth• 12 monthi 31Dfy¢•mb•rlQ20 Forth• 7 n*xrths •ndkn¥ 31 D￿Mb•r2D19 Rethctod bljnds Tot•1 I￿15 ds Surrmercamp recelpts Toial 298 1298 1.930 930 4. Cotsof other •ctlvlt5•% In furthern￿¢ ofthech•rWs oblrKtfv•5 a) PrwlsSon of mlnlrtry and outr•ath Forthe 7mufiths Ind T(*al thmd% Totsi fun Visitirw preachers Summercamp expEnses Svnday5th001 e¥penses Other 13561 IL2(X)I 13561 11.20)) 13591 IW61 12801 1881 12,6751 12,6751 12501 13591 12501 Iw61 Payments tolfDr Mi¥￿n5 work IL0351 11.1691 Trtal 16391 1&6621 14n) 13.7181 141811 LONDON SiAVK PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 NOTES TOTHE HNANa4L STATEMENTS FOR THE PERIOD EPIDED 31 DECEMBER 2020 bl Support costs For the 7 morrths •￿In 31 December 2019 31 December 2020 Unrthrkt fvnds Tot•1 Income fund$ fvnds An•lysls hKom•lunds fvr funds Church hall hlre Qlher Accountants fees Totsl 19.1011 19.1011 13.9351 13,9351 15821 IFAQI 15821 1921 16001 1921 16001 1102831 1103831 14.6271 14.6271 5. stsff ￿$ts The were no emptoyees during the perfod. None of the elders ￿ceIved any ￿1mburSeMents or salaries or wages or other renumeration in their capadty as trustees. No contr11￿tionS to a penslon fund for the benefit of employees were made durtn8 the year. 6. Hnandal commltments DurSng the period. the Church made operatlng lease payments of £9,101 whlch are recognised as an expense. The future mir¢imum lease payments under noTh￿ncelIable oper3tin8 leases are as follows.. al not lat•r thafi on* y•ar-. Énil bl laterthan one year and not latsr than five years.. £nil io LONDON SIAVIC PEpirECO￿AL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 NOTESTOTHE H14ANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020 7. Cash at bank and on hand 31 fJ•¢•nber 31 Dwmb•r 2019 Cash at bank and on hand 27.408 27 24,023 23 Total 7& Cr•dltors: amounts f•lllng wfthln one ye¥r YI D¢¢•mb•r 2020 31 December 2019 Accruals 3,406 3,406 600 Tot•1 600 li LONDON SIAVIC PENYECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2020 NOTES TO THE FINANCIAL STATEMEP4TS FOR THE PERIOD ENDED 31 DECEMBER 2020 8 al Unrestrlrted Funds The anatysls of the unrèstrlcted fvnds during the year Is shown below: 13thaThd balantes t•rrfed General fvrKIs 23,423 IIA65 221 579 423 11 The purposes of the unrestrfcted fvnds are as follows: 579 G•n•ral Fund To finance the Church's maln oblertives and actlvFtles. 8 bl R•strkted Fund$ The analysLs of the restrtcted fijnds the year Ls shown below: 6•1rt5 •)¢ rbl¢d Yoiith Mlssknn50fferknR- UKYwth Surrmer C•rnp 556 258 Collectkns. Famlues ln r*¢d Tot•1 The purposes of the restrSrted fvnds are as follows: UK Youth Summer C•mp:_To finance the suppty of camp costs associated wlth the youth summer camp- Colle¢dons- Famllles In need:_To assist the ￿lIef of ChrfstSan famllle5 facln8 finandal burden. These are monles received from donors and ￿Stricted to specTfic support during the period. 12