## GILGAL PENTECOSTAL ASSEMBLY ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST ] MARCH 2025 CHARITY NUMBER: 1191032 **----- Start of picture text -----**
INDEX
Page
Index 2
Trustee’s Report 3-4
Independent examination report 5
Receipts and Payments Account 6
Statement of Assets and Liabilities 7
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**GILGAL PENTECOSTAL ASSEMBLY** **Charity number 1191032.** ## **TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2025** The trustees are pleased to present their report for the year ended 31[st] March 2025 for Gilgal Pentecostal Assembly The Trustees of the charity are Pastor Pradeep Kuzhivelil Antony Blesson Chacko George Thomas Jessy Sabu Jithin Varghese John John Kandathil Koshy Bithen Thankachan Thachireth Jesy Yohannan Shanti Sabu Charuvilla The principal address of the charity is: 8 Holywell Road Leicester LE2 8SG Website: http://www.gilgalpentecostalassembly.co.uk/ ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Charity governing document is a CIO – Foundation Constitution registered on 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 1. **Malayalam Worship Service:** The Malayalam Worship Service is held weekly to provide congregational worship, prayer, and biblical teaching in the Malayalam language, supporting spiritual growth and community fellowship. 2. **English Worship Service:** The English Worship Service is conducted monthly to ensure inclusivity and accessibility for English-speaking members, focusing on worship, prayer, and Bible-based teaching. 3. **Sunday School:** Sunday School is held every week to provide structured Christian education for children and young people, supporting their moral, spiritual, and biblical development. 4. **Bible Study:** Weekly Bible Study sessions are conducted online to encourage deeper understanding of Scripture, promote spiritual maturity, and facilitate group discussion and prayer. 5. **Fasting Prayer:** Fasting Prayer meetings are organised regularly to dedicate extended time for prayer, spiritual reflection, and seeking guidance for the church, families, and wider community. 6. **Cottage Meeting:** Cottage Meetings are held monthly in members’ homes to encourage fellowship, mutual support, prayer, and sharing of God’s Word in a small-group environment. 7. **Children’s Meeting:** Children’s Meetings are organised regularly to engage children through ageappropriate worship, teaching, and activities that nurture faith and spiritual growth. 8. **Brothers’ Meeting:** Brothers’ Meetings provide an opportunity for men in the church to come together for prayer, encouragement, and spiritual strengthening. 9. **Sisters’ Meeting:** Sisters’ Meetings are conducted to promote fellowship, prayer, and spiritual encouragement among women in the congregation. 10. **Outreach Ministry:** The Outreach Ministry focuses on engaging with the wider community through evangelism, prayer support, and charitable activities, promoting Christian values and public benefit. 11. **Vacation Bible School (VBS):** Vacation Bible School is conducted annually to provide focused biblical teaching, worship, and interactive activities for children during the school holiday period. 12. **Mission Sunday:** Mission Sunday is organised to raise awareness of missionary work, encourage prayer and support for missions, and promote Christian service. 13. **Convention:** The annual Convention is held to provide extended worship, teaching, and spiritual renewal, bringing together members and guest speakers. 14. **Combined Church Service:** Combined Church Services are organised on special occasions to promote unity, collective worship, and fellowship within the wider church community. 15. **Sunday School & Youth Anniversary:** The anniversary event celebrates the work of the Sunday School and Youth ministries, recognising participation, progress, and spiritual development. 16. **Talent Test:** Talent Test programmes are conducted to encourage children and young people to use their God-given abilities in worship, scripture, and creative expression. 17. **Church Day Out:** The Church Day Out is organised to strengthen fellowship and relationships among members through shared recreational and community activities. 18. **New Year Service:** The New Year Service is conducted to mark the beginning of the new year with worship, thanksgiving, prayer, and reflection. 19. **Sunday School Examination:** Sunday School Examinations are conducted to assess learning outcomes and encourage engagement with biblical education. 20. **7-Day Fasting Prayer:** The annual 7-Day Fasting Prayer programme is held to dedicate an extended period to prayer, spiritual discipline, and collective intercession. ## **FINANCIAL REVIEW** The total income for the year was £1,88,002.30, the resources expended were £89,123.18, Surplus for the year was £ 98,879.12. The organization is 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 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 19[th] December 2025 ## **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 2025 set out on page 8 & 9 ## **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 BristolBS34 7AB |||||||| |---|---|---|---|---|---|---| ||**Gilgal Pentecostal Assembly**|||||**CC16a**| |Receipts and payments accounts||||||| |||**For the period**|Period start
date||Period end
date|| ||||01/04/2024|**To**|31/03/2025|| |||||||| |**Section A Receipts and payments**||||||| |||**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowme**
**nt funds**|**Total funds**|**Last year**| |||**to the nearest £**|**to the nearest £**|**to the**
**nearest £**|**to the nearest £**|**to the nearest £**| |**A1 Receipts**||||||| |Offering||**30,499.18**|**-**|**-**|**30,499.18**|**25,907.77**| |Tithe||**68,811.20**|**-**|**-**|**68,811.20**|**58,706.00**| |Donation||**33,145.11**|**-**|**-**|**33,145.11**|**25,423.74**| |Bank Interest||**2,453.86**|**-**|**-**|**2,453.86**|**1,051.75**| |Gift Aid Income||**53,092.95**|**-**|**-**|**53,092.95**|**-**| |||||||| |**_Sub total_**_(Gross income for_
_AR)_||**188,002.30**|**-**|**-**|**188,002.30**|**111,089.26**| |**_Sub total_**||**-**|**-**|**-**|**-**|**-**| |||||||| |**_Total receipts_ **||**188,002.30**|**-**|**-**|**188,002.30**|**111,089.26**| |||||||| |**A3 Payments**||||||| |Rent||**17,639.16**|**-**|**-**|**17,639.16**|**12,105.75**| |Allowance to Church minister||**22,700.00**|**-**|**-**|**22,700.00**|**11,402.22**| |Visiting Preachers||**5,348.40**|**-**|**-**|**5,348.40**|**4,200.00**| |Printing & Stationery||**646.84**|**-**|**-**|**646.84**|**46.00**| |Electronics||**2,563.39**|**-**|**-**|**2,563.39**|**2,004.32 **| |Mission works||**15,482.55**|**-**|**-**|**15,482.55**|**17,203.13**| |Gifts||**2,262.54**|**-**|**-**|**2,262.54**|**423.63**| |Professional and legal fees||**1,599.00**|**-**|**-**|**1,599.00**|**91.00**| |Youth meets, VBS and Outreach||**7,442.28**|**-**|**-**|**7,442.28**|**12,831.28**| |Office Costs||**3,111.87**|**-**|**-**|**3,111.87**|**5,869.27**| |Bank charges||**235.66**|**-**|**-**|**235.66**|**265.16**| |Refreshments||**8,388.41**|**-**|**-**|**8,388.41**|| |Miscellaneous expenses||**1,703.08**|||**1,703.08**|**3,344.43**| |**_Sub total_ **||**89,123.18**|**-**|**-**|**89,123.18**|**69,786.19**| |||||||| |**A4 Asset and investment**
**purchases, (see table)**||**-**|||**-**|**-**| |||**-**|**-**|**-**|**-**|**-**| |**_Sub total_ **||**-**|**-**|**-**|**-**|**-**| |||||||| |**_Totalpayments_**||**89,123.18**|**-**|**-**|**89,123.18**|**69,786.19**| |||||||| |**_Net of receipts/(payments)_**||**98,879.12**|
**-**|**-**|**98,879.12**|**41,303.07**| |**A5 Transfers between funds**||**-**|**-**|**-**|**-**|**-**| |**A6 Cash funds last year end**||**102,399.81**|
**-**|**-**|**102,399.81**|**61,906.74**| |**_Cash funds thisyear end_**||**201,278.93**|
**-**|**-**|**201,278.93**|**102,399.81**| |||||||| |||||||| Unrestrict od funds to ne¥est t Restrictsd funds to nè¥est£ Endowmont funds to nearostt Cato ones Details B1 Cash funds Cashl ch69￿ in h Cash at XK),08I Total cash funds 201,279 accowllsl Unrestrict od fvnd$ to n•¥•sl t Restricted funds to n•*•st£ Endowment funds to n•ar•st£ Details B2 Other n￿netary assets Fund to vthich a5S•t 10Th95 Cost loptionall Curr•nl valu• loptionall Dotails 83 Investment assets Fund to vthich 45S•t b•kn Cost loptionall Curr•nt valu• loptionall Dotall$ 84 A8sets retained for Ihe charity's ovm use Fund to nDunt th• loptsonai Vth•n du• loptionall rnIAt•s Details 85 Llabllhks Siwed by one CK trLStees r of all the trus SpJnature Print Narr Date of roval 1911J2025 Pastor.. Pr