GILGAL PENTECOSTAL ASSEMBLY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST ] MARCH 2022
CHARITY NUMBER: 1191032
| INDEX | ||
|---|---|---|
| Page | ||
| Index | 2 | |
| Trustee’s Report | 3-4 | |
| Independent examination report | 5 | |
| Receipts and Payments Account | 6 | |
| Statement of Assets and Liabilities | 7 |
GILGAL PENTECOSTAL ASSEMBLY
Charity number 1191032.
TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2022
The trustees are pleased to present their report for the year ended 31[ST] March 2022 for Gilgal Pentecostal Assembly
The Trustees of the charity are:
Pastor Pradeep Anthony Preethi Perathu Shibu Andrew Taylor Shanti Sabu Charuvilla
The principal address of the charity is : Sheila Roper Community Centre Tenant Hall Close Beeston Nottingham NG9 2RW
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 26[th] August 2020.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organization are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organization continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. They also supported missions work in India in helping spread the gospel in those communities.
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FINANCIAL REVIEW
The total income for the year was £32,633, the resources expended were £21,491.00. Surplus for the year was £11,142.00. The organization is still in a good position to manage its costs.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied those systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 20[th] January 2022 and signed on their behalf by:
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Independent Examiner's Report to the trustees of
GILGAL PENTECOSTAL ASSEMBLY
(Charity number: 1191032)
I report on the receipt and payment accounts for the year ended 31st March 2022 set out on page 8
Respective responsibilities 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 43(2) of the Charities Act 1993(the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 43 of the 1993 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act); and
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to state whether matters have come to my attention.
Basis of the independent examiner’s report:
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items of disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required 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 statements above.
Independent examiner’s statement:
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with section 41 of the 1993 Act: and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act
have not been met or
- 2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Noble Dani George
Oasis Accountancy Solutions 41 Mayville Avenue Bristol- BS34 7AB
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| Gilgal Pentecostal Assembly | Gilgal Pentecostal Assembly | Gilgal Pentecostal Assembly | Gilgal Pentecostal Assembly | Gilgal Pentecostal Assembly | CC16a | |
|---|---|---|---|---|---|---|
| Receipts and payments accounts | ||||||
| For the period | Period |
|||||
| 01/04/2021 |
To | 31/03/2022 | ||||
| Section A Receipts and payments | ||||||
| Unrestricted funds |
Restricte d funds |
Endow ment funds |
Total funds |
Last year | ||
| to the nearest £ |
to the nearest £ |
to the nearest £ |
to the nearest £ |
to the nearest £ |
||
| A1 Receipts | ||||||
| - | - | - | - | - | ||
| Offering | 26,244.00 | - | - | 26,244.00 | 17,851.00 | |
| MoneyBoxCollection | - | - | - | |||
| Donation | 6,389.00 | - | - | 6,389.00 | - | |
| Sub total(Gross income for AR) |
32,633.00 | - | - | 32,633.00 | 17,851.00 | |
| A2 Asset and investment sales, (see table). |
||||||
| - | - | - | - | |||
| - | - | - | - | - | ||
| Sub total | - | - | - | - | - | |
| Total receipts | 32,633.00 | - | - | 32,633.00 | 17,851.00 | |
| A3 Payments | ||||||
| Rent | 2,070.00 | - | - | 2,070.00 | - | |
| CharityDonations | 4,600.00 | - | - | 4,600.00 | 330.00 | |
| Allowance to Church minister | 7,500.00 | - | - | 7,500.00 | 4,800.00 | |
| Website | - | - | - | - | 480.00 | |
| Printing& Stationery | 83.18 | - | - | 83.18 | 173.00 | |
| Electronics | 119.00 | - | - | 119.00 | 306.00 | |
| Mission works | 5,156.00 | - | - | 5,156.00 | 2,836.00 | |
| Refreshments | 50.00 | - | - | 50.00 | 20.00 | |
| Subscriptions | 143.90 | - | - | 143.90 | 1,100.00 | |
| Other office costs | **497.52 ** | 497.52 | - | |||
| Bank charges | 47.03 | - | - | 47.03 | - | |
| Sub total | 20,266.63 | - | - | 20,266.63 | 10,045.00 | |
| A4 Asset and investment purchases, (see table) |
- | - | - | |||
| - | - | - | - | |||
| Equipment | 1,224.00 | - | - | 1,224.00 | ||
| Sub total | 1,224.00 | - | - | 1,224.00 | - | |
| Total payments | 21,490.63 | - | - | 21,490.63 | 10,045.00 | |
| **Net of receipts/(payments ** | 11,142.37 | - |
- | 11,142.37 | 7,806.00 | |
A5 Transfers between fund |
- | - | - | - | - | |
| A6 Cash funds last year en~~d~~ | 13,813.00 | - |
- | 13,813.00 | 6,007.00 | |
| Cash funds this year end | 24,955.37 | - |
- | 24,955.37 | 13,813.00 | |
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Sectlon B Statement of assets and Ilabilitias Unr•sm ¢t•d funds R••trlct•d funds lundy 81 C••h n8 In hand 24.•Jfj TOtsISh funds ?4.965 Unrosirl ctod tonoar•¥t Roslrl¢t•d lonoaT•At £ End(>11 io n•ar•i £ D•t•l B2 CXh•r monètary ndto whlch ass•t [olOl) Detalls B3 knv•stmenl assets ¥Ahirh 55el De 84 Assets rnts1rt for th• charity's own usa Fund to whlch WhÉn (OP¢kmJ relates B5 Uabllrt*s SiwatUTt Date of 21