THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements for the year ended 31ST MARCH 2024
Legal and administrative information
Status
Registered as Charitable Incorporated Organisation with Charity Commission and Companies House on 3rd March 2022.
Trustees and Management committee
Deacon William Brown – Chair, appointed 15[th] August 2023. Deacon Francis Adutwum – Vice Chair, appointed 28[th] February 2022. Todorka Petrova – Secretary, appointed, 28[th] February 2022. Dr Charles Limula – appointed 28[th] February 2022. Olivia Joy Cave – appointed 20[th] April 2022.
Registered charity number 1198121 Registered office 6 Glaisdale Road, Fishponds, Bristol, BS16 2HZ Charity Operations Address The Old Library, Fishponds Road, Bristol, BS16 3UH Registered email address thenewrestoredpentecostalchurch@yahoo.com Bankers Barclays Bank PLC Accountants AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
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THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements for the year ended 31ST MARCH 2024
Trustees report
The Trustees' present their report and financial statements for the above period.
The year 2023 started off on a sad note for the church as we had one of our very dedicated members, Mrs Peacock who was diagnosed with cancer in March and she passed away in May whilst she was in the care of St Peter's Hospice. In honour of our dedicated member, we donated £200 to St Peter's Hospice Bristol who did a wonderful job of caring for our very loved member in her last days. St Peter's Hospice is a Charity that supports cancer patients by providing hospital beds for them in their homes and supports them till their last day.
The death of our member left us feeling deflated, but we managed to pick ourselves up later in the year and looked into what we could do in the community and city we live in. We got in touch with St. Mungo's which is a Charity that provides night shelter to the homeless in Bristol to find out how we could support the great work they are doing. St Mungo's offers beds to individuals experiencing homelessness for a short period and they do not charge for their services. They take people who are referred to them by other charities and we can make referrals to them as well. At the point of writing this report, plans are underway to take donations of items that St Mungo's highlighted that they need, and we will donate to them. We will be collecting bedding stuff, toiletries and towels as these are things they need most.
Our church membership is made up of people from different backgrounds in the community including single parents. We managed to offer help and support to single mothers in providing food, gas and electricity during the very cold winter months. We continue to work with single parents and signposting them to organisations that can assist in areas we are not able to assist them; for example, helping them to apply to be on the Council Housing register and supporting them through the bidding process.
We also managed to gather up children in the church during the summer holiday for a day out to Ninja Warrior and this proved to be very popular as they had a great time. We still had to put the football games during the school holidays on hold due to challenges of transportation as the children live in different locations so bringing them together would require a minibus.
The church has continued to grow as we welcomed Pastor Polite and Pastor Talia Mashiri who have volunteered to join us along with their two children this year. Their coming in has lifted off a lot of pressure from the senior leaders of the church as they continue with the main purpose of the church which is to spread the gospel of Jesus Christ which brings salvation to mankind through outreach work and helping those in need.
Apart from engaging in the activities in the community, we also focused on setting up policies and dealing with the day-to-day administration of the church. Overall, we can say the year was a great success.
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THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements for the year ended 31ST MARCH 2024 Trustees report continued..
Responsibilities and basis of preparation of the report
The trustees of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
……………………………….
Date ……………………………….
William Brown (Chair)
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THE NEW RESTORED PENTECOSTAL CHURCH
Reports and Financial Statements
for the year ended 31ST MARCH 2024
Independent Examiner's report to the Trustees
I report to the trustees on my examination of the accounts of the above charity for the above period.
Responsibilities and basis of report:
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement:
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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 2008 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 concerns 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.
Alhassan Bangura FCCA AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
Date.....................................................
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THE NEW RESTORED PENTECOSTAL CHURCH
Reports and Financial Statements
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST MARCH 2024
| Unrestricted Funds Notes £ Incoming Resources: Voluntary Donations 14,040 Total Incoming resources 14,040 Resources Expended: Resources Expended 3 13,632 Total Resources Expended 13,632 Net Surplus / (Deficit) for the year 408 Opening Funds 6,351 Closing Funds 6,759 No restricted funds at the end of the year |
Total Funds 2024 £ 14,040 14,040 13,632 13,632 408 6,351 6,759 |
Total Funds 2023 £ 17,427 |
|---|---|---|
| 17,427 | ||
| 14,369 | ||
| 14,369 | ||
| 3,058 3,293 |
||
| 6,351 | ||
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THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements
Balance Sheet as at 31ST MARCH 2024
| Fixed assets Equipment and Furniture Current assets Cash at Bank and in Hand Less: Current Liabilities Net Assets REPRESENTED BY: Unrestricted Funds |
Notes 2 |
£ £ 2,310 4,839 (390) 4,449 6,759 6,759 6,759 2024 |
2023 £ 1,820 4,951 (420) 4,531 6,351 6,351 6,351 |
2023 |
|---|---|---|---|---|
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
……………………………….
Date ……………………………….
William Brown (Chair)
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THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31ST MARCH 2024
1. Accounting policies
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
- Equipment & Furniture 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
2. Tangible Fixed Assets
| Tangible Fixed Assets Cost: As at 1 April 2023 Addition As at 31ST MARCH 2024 Depreciation: As at 1 April 2023 Charge As at 31ST MARCH 2024 Net Book Value: As at 31ST MARCH 2024 As at 1 April 2023 |
Equipment & Furniture £ 2,275 1,067 3,342 455 577 1,032 2,310 1,820 |
Total £ 2,275 1,067 |
|---|---|---|
| 3,342 | ||
| 455 577 |
||
| 1,032 | ||
| 2,310 | ||
| 1,820 |
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THE NEW RESTORED PENTECOSTAL CHURCH Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31ST MARCH 2024
| Notes forming part of the financial statements for the year ended 31ST MARCH 2024 |
||
|---|---|---|
| 3. Total Resources Expended Events Cost, Outreach & Publicity Rent & Rates Printing Postage & Stationery Repairs and Maintenance Insurance & Licences Legal & Professional Fees Accountancy Fees Depreciation Total |
2024 Total £ 3,280 7,684 502 386 513 300 390 577 13,632 |
2023 Total £ 3,576 6,525 1,957 642 70 724 420 455 |
| 14,369 |
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Registered Charity No: 1198121 Company number CE028494
THE NEW RESTORED PENTECOSTAL CHURCH
Reports and Financial Statements Year ended: 31ST MARCH 2024
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
THE NEW RESTORED PENTECOSTAL CHURCH
Reports and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2-3 | Trustees report |
| 4 | Independent examiners report |
| 5 | Statement of Financial Activities |
| 6 | Balance Sheet |
| 7-8 | Notes forming part of the financial statements |