Charity Number: 1199379 PENIEL PENTECOSTAL CHURCH LONDON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Caladine Chartered Certilied A¢counkants
PENIEL PENTECOSTAL CHURCH LONDON FOR THE YEAR ENDED 310ECEMBER 2023 ENT Trust Infmalion Tru$tee8 repryl R•port of the Independent Examlner statwnent of Recalpts and Payments St8ttm•nl of Assets and Llabillle8 Note¥ to the Flnancial Ststements
PENIEL PENTECOSTAL CHURCH LONDON FOR THE YEAR ENDED 31 DECEMBER 2023 TRUST INFORMATION 2023 Trustees Ttrjeriu Ovidiu Pop (Chairman) Costel Cristian Vicol Balasa Nlcolae Daniel ZimbTU Paula Mihaela Pop Cha 1199379 Wembly Park United Reformed Church The Br08tsWay East Lane HA9 7NN ountanl an end8nt Exa J R Caladlne FCCA CTA FCIE Caladine Limlted CharteTed Cerufied Accountsnls Chanty House 22 Upperton Road Eastbourne East Sussex BN21 1BF HSBC UK 50-52 Kilbum Hlgh Road Kilbum London NVV6 4HJ
PEN EL PENTECOSTAL CAURCH LONDON THE YEAR ENDED I DECEMBER 2023 TRUSTEES REPORT The Tru51ee5 Df Peniel Pentecostal Church London pre88nt their Annual Report and the Finanod Statements of e Trust for year ended 31 08cernbei 2023. octlves The objectives of the Church are the advancem•nt the Christian Faith in accordance with th8 Ba816 of Faith, and such othor charrtable purp056S 88 the Trustees Irom time to time dadde, incjuding. but Imited to. th¢ prevention and r•li&f of n88d, hardship and Bid(n85s', the provisun of laaut$ In the intor¢8ts 01 sorial walfar8. In $8tting the obloctlves and planning for actlt$, th8 Tru8tseB have given due conthBration to tho genoMI guidance publi5h8d by the Charrty Cornmission Telatino to public t¢n•frt. The Church is Commrtled to enabling as mony p80pla ai posslbkg to worship •t our thurch to bacome part of our parish MMunI1Y al Pen1 Pente¢ost81 Church London. Our $erv4ce8 wor8hip put fmlth Into prBctlc8 through prayer and scrlpture, music and Bacr8rnont. Our Church started a 8m811 group in Hemel Hemp8tead wh•r• we worship On * week on Sunday. Thi is good b0ule we havo iom¢ famili88 that coma to PPCL and they I've in Hem81 Hempstèad. When planning our ac¢ivrti88 f the y•8r, the Trufjte havv con51dered th• Charity Commi88ion guidanc on public banofit and In particular, tho ip•cific guklanca on tharitie8 for th? advaement of raligion. In p8rbcul•r, we try to enab ordinory people to Ilv• out tkir faith 88 Part ol our Church cornmunity. Wor8hlp •nd prayer,. arnIng 8bout the Gospel", and develcpiny their knrmledge And trust In J8suB. ProvisiN of paltoral cJrB for people. W8 have 8pod•l 8eryice for Youth fcr th•lr n8ad8 and On SbndAyS ts¥o 8erylce5 for Sunday School and on Wedn88day we hav• 8 sparial teacher teaching the children to 8irG and am éifferent in•lrurnonls for the Churth Orche8tra. Here the childran have the opportunity to harn about God, hew to Sing and knarn an Instwrn•nt fcr worship. The Church offern a rang• ef s¢Nlcas during th• week and cvtr th• cour80 of Iho year that our comrnunity find both benef01 and 8PirituaNy tU1111ng. For 8xAmple W8dr*sday 8¥eniny pr•yern provid• for p¢opLg to •ng898 in more outgoing wor•hip such al that provided by the youth group. During the year, th• Church undertook &evwAI projoct8 by 6haring the maB8ag8 cf Gcd's salvation and brfng1ng r8lief to Peopl• In dire need in Rorngnia. Th•$e induded buying food and dothes and dl$tribullon ol Bibki>. Aljo we Btarted a wn•ll thurth in H8m•l Hernp$te. Incorne for the year w4s £238,554. Total P9ndItur• w86 £170,302. Reserve5 Pc4icy. the TnJste85 81rn to bulld up the ra88rve¥ of the charty to acquire own plBce of worship and op8ration. This has begn hlentifiad as a k•y suweBs factor by the Trustee5 in orderto fully r8ali88 tha tharitsble objects of the tharity. At the year 8nd, unrektrtded r86erve$ w8r8 £371,897.
PENIEL PENTECOSTAL CHURCH LONOO TRLISTEE 'REP RT CONT'D FOR HE DECEMBER 2023 ctvre overn The Pen1 P8ntec06t&l Church London is a r8gist8r8d charity, number 1199379, and consts'tuted 8S Charit•bl• Inc00¥8t8d Organis8tion ICIOI under it8 Coryaitution Goveming Document dated 14 June 2022. The trust••s who 4er¥8d during the y•ar and up to the date of sgnaturn of the finanoal stst8mgnts w•re". T4beriu Owdiu Pop Ichalrnanl Costel Cristian Vic B&la5a Nlcda• D8nNryl Z¥rt)ru Paula Mlhaela Pcp The management of tha Charty is the responbilty of the TNst•eB who ar• elected and o>opt8d under the terrnts of the Con$titutson. Naw TNsta•s 4r• appoinied by the •xi8ting Truitees and thére must alway& be at kiast throe Tru8te•i.Ther• were no now trust••8 appointed in the year. The Tnot8eB set th• dlmclion and polky IT0rk lor the Churth. They wt ploco the praceJ¥ for revlowin9, evalua'ra and Impkn)•nting an apprwlut• ri•k m8n8gem•nt fram0w0. The hav• •$1ed thè major rBk8 to *thlch th8 Ch is gXPOBed, In p8rtloJlgr thos• r•lal8d to Ihe Oper8tn5 and finAn1 of the Ch8rty, and are lai1•fk that •yit¢mi ond pvoc•aura• •re in to mty'qgte th¢ exposure to the maj'or rigki. Aft•r making approprt8te arquiri81, tho TrUee5 have • re•8onable expedation th8t the Chartty ha• ubta re50urc•$ to continue h op8ration&l 8xi8tence for the foreseèab lutur•. For thi8 r8a4on. thty C4)nllnue to adopt the gthng conc•rn b9•11 kn pr•pAring th• finana•l •tstwnents. Th• Trurtw approved th1• report on .. Tlberlu Pop On tehalf of the Tru$teè•
PENIEL PENTECOSTAL CHURCH LONDO FOR THE YEAR ENDED 31 DECEMBER 2023 de endent E aml rfs Re ortto st88s of the Penl•l P8ntecogtal Church London I report lo the charity trustees on my examination of the accounts of the Peniel Pentecostal Church London for the year ended 31 December 2023. which are set out on pages 5 to 7. RponSIbIlItI•8 and basis of r•port As the Iruslees of the Charty you are responsible for the weparation of the accounts in accordance vith the requirements of the Charltles Act 2011 Ilhe Act'l. I report In respect of my examlnatlon of the Charty's accounts carried out undèr section 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Direction8 glvon ty the Charty Commission under section 145lSllbl of the Act. Ind•p•ndgnt •xamln•r'• •tsl•m•nt matter of conc•m identlfl•d Durir¥J the year Ihe Church ulili$ed the aervices of support 8t8ff by tre•ling the IndlMdug15 98 Belf-èmploy•d. Contrgcts of Service were not prepared and there is a subsequEnl lack of records regardin9 the status of the payinents to a number of indlwduals. The Trustees confirm these payments and Ihe persons for thg Church and proper HR procedures and contrac15 have been insligaled In 2025. l confirm that no materfal matters have come lo my attention in Gonnedon wth the examlnation glwng me cause lo believe Ih8t in any maledal re6p•ct.' (1 I accwntlng records were not kept in r•specl of the Charlty as required by Sedon 130 of the Act., or 121 the accounts do not accord wth those records. 131 Ihtt accounts do not comply vAth the applicable requirement8 concernlng Iho form and content of accounts sel out in the Charitiey (Accountg and Reports) Regul8fjons 2008 other than any requirement that the accounts give o 'lrue And fair ¥iew whlch 18 not 8 mgttet considered as part of an Independent examinallon. I have no concorns and have come across no other rnattgrs in connectlon the exawnlnalion to vthlch ottention should be drgwn in IhiB report in order to enable 8 proper understandlng of the accounts to be reached. J R Caladlne FCCA CTA FCIE Caladlne 'MIted Chartere¢J certified kcountsnts Chanty House 22 Upperton Road Ea51boume BN21 1BF Dale.. 02(
PENIEL PENTECOSTAL CHURCH LONDO FOR THE YEAR ENDED 31 DECEMBER 202 andP ents Account Total Funds 023 Reeei Donations Grn tsx recovered Olher Incoming 192,031 41,523 5,000 91.025 min 238,554 91,025 ments Services- Stsff Rent & hall hire Famllies in need from Romania Church ServSces (London Gales) Grace Romanlan Baptist Church Donatlon$ Church aet5viti.es Evangellcal Aliance- memb•r$hip Bgnk charge8 Church Insurance Legal fees 105,200 37.933 13,220 5,000 3.500 2,450 1,900 500 467 132 15,000 28,120 7,800 1.450 10.383 240 522 Re 170.302 81.515 Net receiptslpayments in the year 88,252 29.510 Cash funds brought forward 1 January 2023 Cash funds introduced 14 June 2022 303,445 273,935 Cgsh funds carrted forward 31 December 2023 371,697 303,445
PENIEL PENTECOSTAL CHURCH LONDON FOR THE YEAR ENDED 31 DECEMBER 2023 atement of sets and Ll AT3 DECEMBE 2022 neta Asse Cash at Bank- HSBC UK plc- Current Al¢ HSBC UK plcs- Saving8 AJC 71,697 300.000 303.445 371,697 303,445 R•pre$enled by General Fund 371,697 303.445 371.697 303,445 Gift Ald Clalm- Aprll to D•c 2023 41,059 22,491 22,491 TIE Accountancy Feellndependent Examination Leg81 lee8 1,200 Approved by the tru8lee8 on the ... TIriU Pop On behalf of the Trustees
PENIEL PENTECOSTAL CHURCH LONDON FOR T E YEAR ENDED 31 DECEM8ER 20 NOTES TO T E FINANCIAL STATEMENTS Accountin Poll The financial statements have been prepared as a R&ceipts and Payments in accordanee sedon 133 of the Charslies Act 2011. unds G•n•ral funds represent the trJnd5 01 the Trust that are not gubject to any restrictions regarding their use and are available for applications on the gener81 purposes of the Trust. Funds d8signaled for a path'cular purpose by the Trust are also unrestrlcted. D•slgnat•d funds represènt funds vknich have been sel aslde out of unTtriCted funds by the tru$lees for specific purpos¢$. R•Jtrfcted fund• represent monles glven for a specmc purp08e. Fund# Mov•m•nt Brought forward Incom• Carrled forward n••• Tranthf G•neral Fund 303,445 238,554 1170,3021 371,697 303,446 238,654 1170.302 371,697 3. Tru•t•• Donatlon• Apart ffom 8$ Stated below Inole 41, none 01 the Trustee¥, or any per60n8 connected lo them. recelved any remuneratlon or benefits Irom the charlty. During 2023, tho serving ITUYtee8 contrfbuted a comblned total of £20,821 In financlal givlng, vthich we gratefulty acknedge. 4. R•la lon Pastor Tiberiu Pop la Trustee) Tecelved fees of £30,00012022'. £15,000} In the year together th housing allowance of £23,20012022". £8,400) for h53 role a$ pastor of the Chufch and lo enable him to carry out his dules effectively. A payment was a180 maile lo Marco Pop Ison of Pastor Tlberfu Popl of £2,000 for services 12022.. £Nill. 5. S•ryl The staff of the Church have been tregted as self-empbyed In 2023. Th18 wll change in 2025 with a payroll system being instigated.