LONDON SLAVIC PENTECOSTAL CHURCH REPORTS AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 REGISTERED CHARITY NUMBER 1183794 **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023** The trustees here provide their report and financial statements for the London Slavic Pentecostal Church for the period ended 31 December 2023. ## **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 Brook House 54a Cowley Mill Road, Uxbridge, England, UB8 2FX. 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: 2 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **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; - make judgments and accounting estimates that are reasonable and prudent; - 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 of 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 2024 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 several 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 teen groups, including Christian teaching and activities for local young people, including an annual summer camp, which all church members can attend. - 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 the confidence to take a more active role in the spiritual worship of God. 3 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **Achievements and Performance** In 2023 the Church grew significantly in numbers, many families moved to London from war-affected Ukraine and found help, support, and refuge in the Church. 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 2023, 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 £57,104. ON BEHALF OF THE ELDERS This report was approved by the trustees on 30[th] September 2024 and signed on its behalf. Mr A Mesilovs Trustee 4 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **INDEPENDENT EXAMINATION REPORT** ## **TO THE TRUSTEES** I report on the accounts of the charity for the year ended 31[st] December 2023, 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, - 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 - 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: - Which gives me a reasonable cause to believe that in, any material respect, the requirements: - the accounting records were not kept in accordance with section 130 of the Charities Act 2011; and - 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 01[st] October,2024 ALLENBY ACCOUNTANTS Chartered Accountants 35 Sweetcroft Lane Hillingdon UB10 9LE 5 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **STATEMENTOF FINANCIAL ACTIVITIES** ## **FOR THE PERIOD ENDED 31 DECEMBER 2023** ||**For the 12 months ending**
**31 December 2023**
**For the 12months ending**
**31 December 2022**| |---|---| |**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_**|37,546
3,065-
40,611
34,975
-
34,975
-
-
-
4,190
4,190
86
86
31
31| ||37,632
3,065-
40,697
35,006
4,190
39,196| ||(2,109)
(3,065)
(5,174)
(2,105)
(4,190)
(6,295)
(26,690)
-
(26,690)
(20,912)
-
(20,912)| ||(28,799)
(3,065)
(31,864)
(23,017)
(4,190)
(27,207)| ||| ||8,833
-
8,833
11,989
11,989| ||| ||-
-| ||| ||8,833
-
8,833
11,989
-
11,989| ||43,396
-
43,396
31,407
-
31,407| ||52,229
-
52,229
43,396
-
43,396| 6 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **BALANCE SHEETS AT 31 DECEMBER 2023** ||**For the 12 months ended**
**31 December 2023**
**For the 12 months ended**
**31 December 2022**| |---|---| |**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**|57,104
-
57,104
49,701
-
49,701| ||57,104
-
57,104
49,701
-
49,701| ||(4,875)
-
(4,875)
(6,305)
-
(6,305)| ||52,229
-
52,229
43,396
-
43,396| ||-
-
-
-
-
-| ||52,229
-
52,229
43,396
-
43,396| ||52,229
-
52,229
43,396
-
43,396
-
-
-
-
-
-| ||52,229
**-**
**52,229**
43,396
**-**
**43,396**| Signed on behalf of all the trustees on 30[th] September,2024. Mr A Mesilovs Trustee 7 **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **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 Brook House 54a Cowley Mill Road, Uxbridge, England, UB8 2FX. 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. 8 ## **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **2. Donations** ||**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**||**For the 12 months ending**
**31 December 2022**|**For the 12 months ending**
**31 December 2022**|**For the 12 months ending**
**31 December 2022**| |---|---|---|---|---|---|---|---| |**Analysis**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total**
**funds**||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total**
**funds**| ||||**£**||||**£**| |General donations|37,632|3,065|40,697||35,006|
4,190|39,196| |Donations for
missionaries and special
appeals|-|-|-||-|-|-| |**Total**|**37,632**|**3,065**|
**40,697**||**35,006**|
**4,190 -**|**39,196**| ## **3. Income from charitable activities** ||**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**||**For the 7 months ending**
**31 December 2022**|**For the 7 months ending**
**31 December 2022**|**For the 7 months ending**
**31 December 2022**| |---|---|---|---|---|---|---|---| |**Analysis**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total**
**funds**||**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Total**
**funds**| ||||**£**||||**£**| |Summer camp receipts|-|3,065|3,065-||-|4,190|4,190| |**Total**|**-**|**3,065**|**3,065**||**-**|**4,190**|**4,190**| ## **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 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**||**For the 7 months ending**
**31 December 2022**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**£**
-
0 -
0
-
(4,190)
(4,190)
(708)-
-
(708)-
(1,397) -
-
(1,397)-
-
-
-
**(2,105)-**
**(4,190)**
**(6,295)**|**For the 7 months ending**
**31 December 2022**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Total**
**funds**
**£**
-
0 -
0
-
(4,190)
(4,190)
(708)-
-
(708)-
(1,397) -
-
(1,397)-
-
-
-
**(2,105)-**
**(4,190)**
**(6,295)**| |---|---|---|---|---|---|---| |**Analysis**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Total**
**funds**||**Unrestricted**
**funds**|**Restricted**
**income**
**funds**| ||||**£**|||| |Visiting preachers|-|-|-||-|0 -| |Summer Camp expenses|-|(3,065)-|(3,065)-||-|(4,190)| |Sunday School expenses|(728)-|-|(728)-||(708)-|-| |Other|(1,381)|-|(1,381)||(1,397) -|-| |Payments to/for missions
work|-|-|-||-|-| |**Total**|(2,109)-|**(3,065)**|**(5,174)**||**(2,105)-**|**(4,190)**| 9 **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **b) Support costs** ||**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2023**|**For the 12 months ending**
**31 December 2022**|**For the 12 months ending**
**31 December 2022**|**For the 12 months ending**
**31 December 2022**| |---|---|---|---|---|---|---|---|---| |||**December 2023**||||||| |||||||||| |**Analysis**|**Unrestricted**
**funds**|**Restricted**
**income funds**|**Total**
**funds**|||**Unrestricted**
**funds**|**Restricted**
**income funds**|**Total**
**funds**| ||||**£**|||||**£**| |Church hall
hire|(21,901)|-|(21,901)|||(16,660)|-|(16,660)| |Other|(3,769)|-|(3,769)|||(3,052)|-|(3,052)| |Accountants
fees|(1,020)|-|(1,020)|||(1,200)||(1,200)| |**Total**|**(26,690)**|**-**|**(26,690)**|||**(20,912)**|**-**|**(20,912)**| ## **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 £21,901 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 10 **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **7. Cash at bank and on hand** ||**31**|**December**|**31**|**December**| |---|---|---|---|---| |||**2023**||**2022**| |||**£**||**£**| |Cash at bank and on hand||57,104||49,701| |**Total**||**57,104**||**49,701**| ## **7a. Creditors: amounts falling due within one year** |**31 December**
**2023**
**31 December**
**2022**|**31 December**
**2023**
**31 December**
**2022**| |---|---| |**£**
**£**|| |Accruals
4,877|6,306| |**Total**
**4,877**|**6,306**| 11 **LONDON SLAVIC PENTECOSTAL CHURCH FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE PERIOD ENDED 31 DECEMBER 2023** ## **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|43,396|
37,632|(28,799)|(0)||0|52,227| |**Total**|**43,396**|
**37,632**|**(28,799)**|**(0)**||**0**|**52,227**| 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|-|
3,065|
(3,065)|0||-|
-| |Collections - Families in need|-|
-|
(0)|106||-|
-| |**Total**|**-**|
**3,065**|
**(3,065)**|**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. 12