LONDON SLAVIC PENTECOSTAL CHURCH REPORTS AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2022
REGISTERED CHARITY NUMBER 1183794
LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees here provide their report and financial statements for the London Slavic Pentecostal Church for the period ended 31 December 2022.
Reference and Administrative Details and Trustees
The London Slavic Pentecostal Church was incorporated as a UK Registered Charity on 7 June 2019 with the Registered Charity Number 1183794. The full address of the charity is 35 Sweetcroft Lane, Uxbridge, Middlesex, UB10 9LE. The Trustees of the church comprise the members of its elders. The Trustees during the year were as follows:
Mr A Mesilovs
Mr A Palastrov
Mr I V Kostyuk
Structure and Governance
The Church is an independent evangelical Slavic Pentecostal church, founded in 2008, now constituted by its Legal Constitution of 2019, based on its Statement of Faith. The elders are elected by the Church Meeting and are responsible for leadership of the church. The constitution is that of a Charitable Incorporated Organisation whose only voting members are its Charity Trustees.
The Trustees (the elders) are elected by the Church Meeting and are responsible for leadership of the church. There are no other senior managers to whom day-to-day management is delegated. No trustees are remunerated. The Legal Constitution describes decisions taken by the trustees. Staff are appointed to assist the trustees and are under their supervision. All expenditure by staff is authorised and countersigned by the trustees.
The major risks to which the Church is exposed, as identified by the Trustees, in the areas of finance, operations, safeguarding, and regulatory compliance are regularly reviewed. Procedures are in place to mitigate those risks which are considered appropriate and effective.
Trustees statement of responsibilities
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
Trustees statement of responsibilities (continued)
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP FRS 102;
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and 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/constitution. 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.
The Church’s Objectives and Activities
The objective of the Church is set out in the CIO document.
The main objective is the advancement of the Christian faith, for the benefit of the public in various ways, including, but not exclusively, through the holding or prayer meetings, lectures, public celebration of religious festivals and the promotion of racial harmony in accordance with the Church's statement of faith. To do these things, it operates various funds in respect of different branches of the work.
It also aims to prevent and relieve poverty for the public benefit by providing funds, goods and
services in such parts of the United Kingdom as the Trustees from time to time see fit. In 2023 we are looking to expand our mission to help people and churches in the countries affected by wars.
The Trustees have had due regard to the guidance issued by the Charity Commission relating to
public benefit, and the Church provides this in a number of ways:
- Providing weekly public worship services, primarily in the Russian language and
simultaneous interpretation in English.
-
Provision of Sunday School Services for ages 4-11.
-
Provision of weekly youth groups and teens groups, including Christian teaching and activities for local young people, including an annual summer camp, which can be attended by all church members.
-
By its support of pioneers and mission works in the UK and across the world.
These activities are beneficial as they encourage everyone to have confidence to take a more active role in the spiritual worship of God.
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
Achievements and Performance
In 2022 the Church grew significantly in numbers, many families moved to London from war affected Ukraine and found help, support and refuge in the Church.
Once services resumed in person, in central London, meetings were and still are streamed via Zoom to allow all participants to join. Emphasis on outreach into the community to make the comforts and strengths of worship and faith available to all.
Youth, Teens and Children's work continued to be a key component of the Church’s work, with Sunday School providing for up to 20 children under 11 within the church community, all provided by trained individual volunteers with adequate safeguarding checks performed annually. Youth groups of up to 30 young people 16+ and Teens groups of up to 10 young people between 12-15.
Stemming from the success of the previous camps, a Youth Camp was held in August 2022, with attendees from London and Manchester. These have provided biblical and moral instruction, keeping children off the streets and out of gangs, and imparting a more wholesome mindset for their future lives.
Review of Finances
As shown in the Statement of Financial Activities on page 5, there was a net inflow of resources spread across the various funds. Closing reserves were £43,396 of which £nil was generated for restricted purposes. Funds are generally used within a reasonably prompt timescale, and there is no policy to maintain significant long-term reserves. Overall, the status of financial affairs of the Church is considered to be very satisfactory.
The Church holds no property, and the only financial asset held on the balance sheet is cash at bank of £49,701.28.
ON BEHALF OF THE ELDERS
This report was approved by the trustees on 24th October 2023 and signed on its behalf.
Mr A Mesilovs Trustee
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
INDEPENDENT EXAMINATION REPORT
TO THE TRUSTEES
I report on the accounts of the charity for the year ended 31[st] December 2022, which are set out in pages 6 to 12.
Respective Responsibility of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to:
-
Examine the accounts under section 145 of the Charity Act 2011,
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To follow the procedure laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charity Act 2011 and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and 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 procedure undertaken do not provide all the evidence that would require in an audit, and consequently no opinion is given as to whether the accounts present a ‘ true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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Which gives me a reasonable cause to believe that in, any material respect, the requirements:
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the accounting records were not kept in accordance with section 130 of the Charities Act 2011; and
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the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2011 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.
I have no concern 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.
SONIA GUPTA
25[th] October 2023 ALLENBY ACCOUNTANTS Chartered Accountants
35 Sweetcroft Lane Hillingdon UB10 9LE
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
STATEMENTOF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 DECEMBER 2022
| For the 12 months ending 31 December 2022 For the 12months ending 31 December 2021 |
|
|---|---|
| Recommended categories by activity NOTE |
Unrestricted funds Restricted income funds Total funds Unrestricted funds Restricted income funds Total funds |
| £ £ £ £ £ £ |
|
| Incoming resources Income and endowments from: Donations and legacies 2 Charitable activities 3 Interest Income Total Income Resources expended Expenditure on: Charitable activities Provision of ministry and outreach 4a Support costs 4b Total Expenditure Net income/(expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
34,975 - 34,975 23,609 - 23,609 - 4,190 4,190 - 3,180 3,180 31 31 |
| 35,006 4,190 39,196 23,609 3,180 26,789 |
|
| (2,105) (4,190) (6,295) (1,362) (3,180) (4,542) (20,912) - (20,912) (14,842) - (14,842) |
|
| (23,017) (4,190) (27,207) (16,204) (3,180) (19,384) |
|
| 11,989 - 11,989 7,405 7,405 |
|
| - - |
|
| 11,989 - 11,989 7,405 - 7,405 |
|
| 31,407 - 31,407 24,002 - 24,002 43,396 - 43,396 31,407 - 31,407 |
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
BALANCE SHEETS AT 31 DECEMBER 2022
| For the 12 months ended 31 December 2022 For the 12 months ended 31 December 201 |
|
|---|---|
| NOTE | Unrestricted funds Restricted income funds Total Unrestricted funds Restricted income funds Total |
| £ £ £ £ £ £ |
|
| Current assets Cash at bank and in hand 7 Total current assets Creditors: amounts falling due within one year 7a Total assets less current liabilities Creditors: amounts falling due after one year Total net assets or liabilities Funds of the Charity Unrestricted funds 8a Restricted income funds 8b Total funds |
49,701 - 49,701 36,440 - 36,440 |
| 49,701 - 49,701 36,440 - 36,440 |
|
| (6,305) - (6,305) (5,033) - (5,033) |
|
| 43,396 - 43,396 31,407 - 31,407 |
|
| - - - - - - |
|
| 43,396 - 43,396 31,407 - 31,407 |
|
| 43,396 - 43,396 31,407 - 31,407 - - - - - - 43,396 - 43,396 31,407 - 31,407 |
Signed on behalf of all the trustees on 24[th] October2023
Mr A Mesilovs
Trustee
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
1. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
- a) Accounting convention
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting.
The address of the registered office is 35 Sweetcroft lane, Uxbridge, Middlesex, UB10 9LE.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
b) Going Concern
There are no material uncertainties about the charity's ability to continue.
- c) Income
Voluntary income including legacies is accounted for once the charity has entitlement to the income, it is probable the income will be received, and the amount of income receivable can be reliably measured.
d) Expenditure
All expenditure is included on an accruals basis. Grants made are accounted for when the commitment is made to make the payment. Charitable expenditure comprises all expenditure directly related to the objects of the charity. This includes governance costs which represent the cost of compliance with constitutional and statutory requirements.
e) Cash at bank
Cash at bank is a short term highly liquid investment with a short maturity of three months or less from the date of opening of the deposit.
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
2. Donations
| For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2021 |
For the 12 months ending 31 December 2021 |
For the 12 months ending 31 December 2021 |
||
|---|---|---|---|---|---|---|---|
| Analysis | Unrestricted funds |
Restricted income funds |
Total funds |
Unrestricted funds |
Restricted income funds |
Total funds |
|
| £ | £ | ||||||
| General donations | 35,006 | 4,190 | 39,196 |
23,609 | 3,180 | 26,789 | |
| Donations for missionaries and special appeals |
- | - | - | - | - | - 26,789 |
|
| Total | 35,006 | 4,190 | 39,196 |
23,609 | 3,180 - |
3. Income from charitable activities
| For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 7 months ending 31 December 2021 |
For the 7 months ending 31 December 2021 |
For the 7 months ending 31 December 2021 |
||
|---|---|---|---|---|---|---|---|
| Analysis | Unrestricted funds |
Restricted income funds |
Total funds |
Unrestricted funds |
Restricted income funds |
Total funds |
|
| £ | £ | ||||||
| Summer camp receipts | - | 4,190 | 4,190 | - | 3,180 | 3,180 | |
| Total | - | 4,190 | 4,190 | - | 3,180 | 3,180 |
4. Costs of other activities in furtherance of the charity’s objectives
a) Provision of ministry and outreach
| For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 7 months ending 31 December 2021 Unrestricted funds Restricted income funds Total funds £ - 0 - 0 - (3,180) (3,180) - - - - - - - - - - (3,180) (3,180)) |
For the 7 months ending 31 December 2021 Unrestricted funds Restricted income funds Total funds £ - 0 - 0 - (3,180) (3,180) - - - - - - - - - - (3,180) (3,180)) |
||
|---|---|---|---|---|---|---|
| Analysis | Unrestricted funds |
Restricted income funds |
Total funds |
Unrestricted funds |
Restricted income funds |
|
| £ | ||||||
| Visiting preachers | - | - | - | - | 0 - | |
| Summer Camp expenses | - | (4,190) | (4,190) | - | (3,180) | |
| Sunday School expenses | (708)- | - | (708)- | - | - | |
| Other | (1,397) | - | (1,397)- | - | - | |
| Payments to/for missions work |
- | - | - | - | - | |
| Total | (2,105)- | (4,190) | (6,295) | - | (3,180) |
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
b) Support costs
| For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2022 |
For the 12 months ending 31 December 2021 |
For the 12 months ending 31 December 2021 |
For the 12 months ending 31 December 2021 |
|
|---|---|---|---|---|---|---|---|---|
| December 2022 | ||||||||
| Analysis | Unrestricted funds |
Restricted income funds |
Total funds |
Unrestricted funds |
Restricted income funds |
Total funds |
||
| £ | £ | |||||||
| Church hall hire |
(16,660) | - | (16,660) | (14,842) | - | (14,842) | ||
| Other | (3,052) | - | (3,052) | (762) | - | (762) (600) (16,204) |
||
| Accountants fees |
(1,200) | - | (1,200) | (600) | ||||
| Total | (20,912) | - | (20,912) | (16,204) | - |
5. Staff costs
The were no employees during the period. None of the elders received any reimbursements or salaries or wages or other renumeration in their capacity as trustees. No contributions to a pension fund for the benefit of employees were made during the year.
6. Financial commitments
During the period, the Church made operating lease commitments of £16,660 which are recognised as an expense.
The future minimum lease payments under non-cancellable operating leases are as follows:
a) not later than one year: £nil
b) later than one year and not later than five years: £nil
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
7. Cash at bank and on hand
| 31 | December | 31 | December | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Cash at bank and on hand | 49,701 | 36,440 | ||
| Total | 49,701 | 36,440 |
7a. Creditors: amounts falling due within one year
| 31 December 2022 31 December 2021 |
31 December 2022 31 December 2021 |
|---|---|
| £ £ |
|
| Accruals 6,306 |
5,033 |
| Total 6,306 |
5,033 |
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LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2022
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
8 a) Unrestricted Funds
The analysis of the unrestricted funds during the year is shown below:
| Fund names | Fund balances brought forward |
Income |
Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| General funds | 31,407 | 35,006 |
(23,017) | (0) | 0 | 43,396 | |
| Total | 31,407 | 35,006 |
(23,017) | (0) | 0 | 43,396 |
The purposes of the unrestricted funds are as follows:
General Fund
To finance the Church’s main objectives and activities.
8 b) Restricted Funds
The analysis of the restricted funds during the year is shown below:
| Fund names | Fund balances brought forward |
Income |
Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| Youth Missions offering - UK Youth Summer | |||||||
| Camp | - | 4,190 |
(4,190) |
0 | - | - |
|
| Collections - Families in need | - | - |
(0) |
106 | - | - |
|
| Total | - | 4,190 |
(4,190) |
364 | - | - |
The purposes of the restricted funds are as follows:
UK Youth Summer Camp :-- To finance the supply of camp costs associated with the youth summer camp.
Collections – Families in need:- To assist the relief of Christian families facing financial burden. These are monies received from donors and restricted to specific support during the period.
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