Charlty Number: 1195872 EVANGEL PENTECOSTAL CHURCH REPORT & INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
EVANGEL PENTECOSTAL CHURCH Reports and Accounts Cont•nts Page Administrative Details Independent Examingrfs report Trustees Report ststem8nl of Financial Activitlgs Balance Sheet Not9$ to Ihe A¢¢ounts
EVAN PENtECOSTAL CHURCH ADMINISTFIATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES CHARITY NUMBER: 1195872 Board of Trustees Paul Toun Zipere Comfort Toun Iheanyi Ejiogu Nwabuludike Anthony Omezie Chris Oshiorenua Adams Adebanio Ganiyu Toluwalawi Eilare Otrofanowei Principal office address Suite 11 George Street Croydon CR01PE
EVANGEL PENtECOSTAL CHURCH Roport of Trustees The trustees present their report and accounts for the year ended 30 June 2025 The Trustees have adopted th? provisions of the Slalemenl of Recommènded Practice ISORPI "Accounting and Reporting by Charities (Revised 20051 in preparing the annual report and financial ststements of the charity. Objectlve of tho charfty as lald down by thè Trust Deed The Core objects of the charity continue lo be.. To establish ¢hiJrches, ministries and community even15 To organise convention5, conferences and seminars To carry out missionary 8clivities and To promote festivals, celebrations and exhibitions. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS THE FINANCIAL STATEMENTS The statement ol financial activities is s8t out Dn page 6 01 the financial statements. In¢om• G¢neratbon The maln source of income is frorn lilh8s, offerings and donations Irom members. Invgstmènt Policy At present the Trustees have decided lo leave all surplus lunds in the account with their principal bankers. Fundralsing Activities The tharity lieS so18ly on contributions from its members. The charity does not employ any professional fundraising bodies. Restrlcted Funds There are restricted funds operated by the charity. The reslrictgd funds are solgly lor Ihe purchase ol church own building All olhef funds are available for use al the discretion of the TrLtstees
Rèserves Policy The Tfuslees have decided to spend as much money as possiblg on furthering the corfj objects trl Ihg charity whi1s1 m#inlaining sufficient cash funds to 8nsure the sustainability ol the charity. To 3chi8ve this. th8 Trustees have decided lo maintain an amount in the bank account lo covei at least a minimum ol three months of norrnal expenditure in 8dditson to any known addition81 8xpenth'ture. Review of charlty a¢tivities The chority has continued lo undertake activities in Ilne wlh ils objectivos and has seen growth in giving to 115 work. Governance and Internal Control Appointrnenl ol Trusteès are done by the existing Trustees wth con$uttatson ol the view ol th• church memr$ as lo trLJsfv4orthiness ol each person Rl$k Assessment The Trustees consider the key OFeralional. financial and strategic risks Ihat may have a bearing on th¢ actsvilies ol the Gh8rity. Suitable management informats.on is avai5able lo the Trustees on a regular basis lo monitor these risks and allow 8rny mitigating acton to be taken to address them. Trustees, Re$ponsibilitios Charity law requires the Trustees lo prepare financial slalements for ea¢h financial yo8r whlch give true and fair view ol the slate o18ffairs ol the chanty and ol Ils financial aclivibes lor the year. In preparing those flnanclal statements, the Trustees are r8quir•d to: 1 select suitable accounting policies and aPY them consistently,. 2 make judgemonls and estimales that are reasonable and prudent,. 3 state whether applicBble accounting standards and statements of recomménded Praclce have been followed. subject lo any departures disclosed and explained in tho financial slalemenls". 4 prepare the financial stalemgnts on the going concern basis unless il 18 inappropfiale lo assume that the charity wll not ¢onlinue in operation. The Trusl&es are responsible lor keeping 8¢counting 8nd finoncial f&cord5 which dlsclose TrNilh ieason8ble accuracy al any lirne Ihg financial position of the charity and lo enable Ihtrm to ensure th81 the financial statements compty with the Charities Acts 1993. They are abo responsible for sal&9uaiding the assets of the charity and hence for taking reasonable 5t8 for the prevention and detection of fraud or other irregu18riti0$. The report was approv8 by the Board on the 28 Akvtl 2026 and signed on its b&half by Ebilare Otrofanowei Trustee
EVANGEL PEKtECOSTAL C41URCH STATEMENT OF FINANCIAL ACTIVITIES {INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 30 June 2025 UNRESTRICTED FUNDS 2025 2024 NOTE INCOMING RESOURCES Tithes, offerings and simi18r income resoufces Investment income 13.577 14,577 TOTAL INCOMING RESOURCES 13,577 14.577 RESOURCES EXPENDED Charitable activities Gov9rnance costs 4,923 11,408 1,000 9,848 TOTAL RESOURCES EXPENDED 16,331 10.846 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOMEIEXPENDITUREI FOR THE YEAR 12.7S41 3,731 TOTAL FUNDS AS AT 30 Jung 2024 9,909 6178 TOTAL FUNDS AS AT 30 Jun• 2025 9.909
EVANGEL PEKtECIISTAL CHURCII BALANCE SHEET AS AT 30 June 2025 Notss 2025 2024 FIXED ASSETS TANGIBLE FIXED ASSETS CURRENT ASSETS Deposits and Cash at Bank 7,655 10,909 LIABILITIES Credilors.. Amounts falling due within one year 150L)I Not Curront assots 7,155 9,909 TOTAL ASSEfs LESS CURRENT LIABILITIES 7,155 9,909 Credilors.. amounts falling due after more than one year CHARITY FUNDS Unrestricted funds 7,155 9.909 TOTAL FUNDSIIDEFICITSI 7,155 9,909 We approve these accounts which comprise the Recèipts & Payments, Stalements of Assets & Liabilities and related notes. We acknowledge our responsibility for the accounts, induding the appropriateness of the accounting basis as set out in not8 1, and lor providing all the infom81ion and explanations necessary for their compilation. /g/J Datod 3K-Os'_ a Datad On behalf ol tho Charity
EVANGEL PENtECA18TAL CHURCH Profit And Loss Arxounl For the year ended 30 June 2025 2025 2024 Income Tithe & offerings Total Income 13,577 13,577 14.577 14,577 Dirod Charitable Expenditure Donations Licensing fees (Applications) Ministry expenses Music ministry Welfare 750 3,325 1,000 300 548 4,923 1,000 Other Expenditure Expenses Bank charges Bookkeeping fees Sign Board Insurance Legal and professional Rent Stationery & printing Travel and subsistence 500 198 500 146 2,000 7.200 52 7,200 208 3,250 11,408 16,331 9,846 10.846 Total expenditure Surpluslldeficit} fund (2,754) 3,731 Fund balanco carrlèd forward 2,754 3,731
Notes to the financial statements for the year ended 30 June 2025 1 TANGIBLE FIXED ASSETS Furniture, fitting and equipment Total 2 COST At 1 July 2024 Additions As 30 June 2025 DEPRECIATION At 1 July 2024 Charge for the year As 30 June 2025 NET BOOK VALUE As 30 June 2025 As 30 June 2024 STATEMENT OF FUNDS BROUGHT INCOMING RESOURCES RESOURCES CARRIED EXPENDITURED FORWARD FORWARD Unrestricted funds Reslricled funds General funds 9.909 9,909 13,577 13,577 16,331) 16,331 2,754 7,155 9.909
EVANGEL IIENIECOSTAL CIIURCH Not¢s to thè Accounts for tho ygar ended 30 Jun• 2025 1 ACCOUNTING POLICIES Baslj of •¢¢oun¢lng The financial 8181ernenis are prepared in aCrdanCe with applicabl8 accounting standards using tho Historlcal Cost Convention. The financial slalernents refl8cl the r6quir8menls ol th• r•visod Slatament of Recommalld¥d Practica 'Accounling for Chartiie8" ISORPI. The Charity complied with b8si pr8CtIC8 ai the time of prgpafing these accounts. Tanglbl• Flx•d A•uts All fixed assets gre c8pitsli58d. Thg chArg• for d•pf•clation Is ealculat•d to wdle off th¥ ctssl ol the fixed assets over Ih81r u5•1ul lives on the following ba808'. Equipm•nt 20% on the r8dueing balane8 GENERAL These Accounts havè been prepared on the recoipls and payments basis and in bccordanee wllh applicable Accounting Stand8rds and the Charitablè SORP. Istslemonl of Rgcommandod Practlee on A¢unI1o by ChaIti1. Incom• Incorn0 1$ 9¢Unt•d lor on accwals bo$Ii. axcept for donaii¢n$, which are credlted lthen received These rgpr888nts grfts. donaUon6, tilh•8, oH•ring8, pledge$ and bonk inl•ro$1 glven to the Charity during th8 year. 2 Ch•rlt4bl• Don•tlon• & Glft• to Ml••lgn¥ These repsent arnounls given lo various indlviduals. organisalions and oth•r charitab18 trusls. Honor8rlum to visiling speakers and remilt8nces lor rnissionary work. e¥p•ndllur• l expenditure 8re accountèd lor on an accruals bas1B. Resourcos expended on charitable activilles cofflprisè all tho r6sources applied by the charity in unde8fkating ils WOTk lo rne8t Its charitable objtselives. These eosts Include th8 diroct cnsls ol the charitable 8clivi1165 Yllth those support costs Incurred Ihat 8Dable these activili6s lo be undertaken. Exp8nditure on gov8mance costs ar8 th8 Costs incurred by the charity to operale and to 98nerate the Inlomiation requlred for public accountabillty. Fund• The chadtys funds arè unrasiActed Ond are 8¥8iIAblfr lor us8 at the discrètion ol th• 808rd ol Trustees. Board ol Trust•o0 R•mun•r•llon arbd •xp•ns•¥ No rernuneration directly or ndirectlY out of thg funds was paid or payable to any ol the Trusieos for thelr duties as ITus18es. 10