## GILGAL PENTECOSTAL ASSEMBLY ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST ] MARCH 2024 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 2024** The trustees are pleased to present their report for the year ended 31[ST] March 2024 for Gilgal Pentecostal Assembly The Trustees of the charity are: Pastor Pradeep Anthony Jesy Yohannan Harshal George Philipose Shanti Sabu Charuvilla The principal address of the charity is : 8 Holywell Road Leicester LE2 8SG ## **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. ## **ACTIVITIES IN DETAILS** The Churches made up the plan for a whole year at the end of the previous year. The activities in detail _**Leicester church:**_ Sunday school: 3:00pm – 3:30pm, Worship Service: 3:30pm – 5:30pm Youth Meeting: 3rd Sunday of every month 5:00- 5:30pm Bible Study: Every Friday 7:00pm – 8:30 pm (Online) Sisters’ Meeting & Intercession Prayer: 3rd Wednesdays of every month Street Prayer and Family Enrichment Program: 1st Wednesdays of every month6:30 pm - 8:30 pm (Street Prayer: 6:30 pm – 7:30 pm) House visiting – 3 rd Wednesday 6pm -7:30 pm Fasting Prayer & Tarry Meeting: 2nd Saturday of every month 10:30 am - 1:00 pm **3** Gospel Outreach & Youth – Kids Fellowship: 4th Saturday of every month 11am - 3:00 pm (Gospel Outreach 11 am - 12:30 pm) ## _**Nottingham Church:**_ Activities in Nottingham church are as follows: Bible study, Fasting prayer, Cottage meeting, Children’s meeting, Brother’s meeting, Sister’s meeting, Youth meeting, Outreach ministry, Sunday school, English Worship and Malayalam Worship. ## **FINANCIAL REVIEW** The total income for the year was £1,11,089.26 , the resources expended were £69,786.19 , Surplus for the year was £ 41,303.07. 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 expenditure 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: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. 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] December 2024 **4** ## **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 2024 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:** - examine the accounts under section 43 of the 1993 Act - 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 - 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 - to keep accounting records in accordance with section 41 of the 1993 Act: and - 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 **5** Gil al Pentecostal Assen*)I Receipts and payments accounts CC16a For the period 01-04-2023 To 31-03-2024 Section A Receipts and payments Unrestrlcted funds Restrlcted funds Endowme nt funds to thè nèarest £ Total funds Last year to tha n$ar8St to tho naarost£ to tho Narost £ to thè nsarèst £ A1 Recei ts OfferlrrfJ Titr 25,LYJ7.77 S8,70&00 25,907.77 58,706.00 15,078.53 31,104.92 Dcnats"c 25,42&74 1,051.75 25,423.74 1,lJ51.75 13.341.99 787.66 Bank Int¥est Sub total(Gross income for AR) Sub total 1,11,t*&26 1,11,089.26 60.313.10 Total recelpis 1,11,089.26 1,11,089.26 60,313.10 A3Pa Rent ments 12,10&75 11,40222 4,200.00 4&00 12,105.75 11,402.22 4,200.00 46.00 3.111.00 7,(X)O.00 Althvartè to ChJrch mlnLst fjsitirs Preach¥s Prlntlng & Stat1￿ E￿CtrorICS 2,(K)432 17,YJ3.13 42&63 91.00 2,rA)432 17,203.13 423.63 91.00 worKs 10,191.93 Gfft5 ProfeSs￿r01 and I￿￿j fees Youth m$èts.VBS Othrexh Ofte Costs 12,831.28 5,869.27 3,3￿43 20&16 12.831.28 5,869.27 3,344.43 265.16 2,376.16 180.57 Bank charge5 Sub total ,n&19 69.786.19 24.171.73 A4 Asset and investment purchasg5,15ee tabl81 Sub total Total payments 69 786.19 69 786.19 24 171.73 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last ear end Cash funds this year end 41303.07 41303.07 36 141.37 61 tVJ6.74 61 096.74 24 955.37 102,399.81 1,02 399.81 61096.74 |**Categories**|**Details**|**Details**|**Unrestric**
**ted funds**|
**Restricted**
**funds**|**Endowment**
**funds**| |---|---|---|---|---|---| ||||**to nearest £**|**to nearest £**|**to nearest £**| |**B1 Cash funds**|Cash/ Cheques in hand||**698**|**-**|**-**| ||Cash at bank||**101,702**|**-**|**-**| ||||**-**|**-**|**-**| ||~~(ag ee ba aces~~
~~t~~
~~ece ptsad pay~~
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**_Total cash funds_**||**102,400**
|**-**|**-**| ||



account(s))||OK|OK|OK| ||||**Unrestric**
**ted funds**|
**Restricted**
**funds**|**Endowment**
**funds**| ||**Details**||**to nearest £**|**to nearest £**|**to nearest £**| |**B2 Other monetary**
**assets**|||**-**||**-**| |||||**-**|**-**| ||||**-**|**-**|**-**| ||||||| ||**Details**||**Fund to**
**which asset**
**belongs**|
**Cost (optional)**|**Current value**
**(optional)**| |**B3 Investment assets**||||**-**|**-**| |||||**-**|**-**| ||||||| ||**Details**||**Fund to**
**which asset**
**belongs**|
**Cost (optional)**|**Current value**
**(optional)**| |**B4 Assets retained for**
**the charity’s own use**|||||**-**| |||||**-**|**-**| |||||**-**|**-**| ||||||| ||**Details**||**Fund to**
**which**
**liability**
**relates**|**Amount due**
**(optional)**|**When due**
**(optional)**| |**B5 Liabilities**||||**-**|| |||||**-**|| ||||||| |Signed by one or two trustees
on behalf of all the trustees|Signature||Print Name||Date of
approval| ||||Pastor: PradeepAntony||03/01/2025| ||||||| **7**