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 $8tting the obloctlves and planning for actl￿t￿$, 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 Pen￿1 Pente¢ost81 Church London. Our $erv4ce8 wor8hip put fmlth Into
prBctlc8 through prayer and scrlpture, music and Bacr8rnont. Our Church started a 8m811 group in Hemel
Hemp8tead wh•r• we worship On￿ * week on Sunday. Thi* is good b0￿ule we havo iom¢ famili88 that
coma to PPCL and they I've in Hem81 Hempstèad.
When planning our ac¢ivrti88 f￿ the y•8r, the Trufjte￿ havv con51dered th• Charity Commi88ion guidanc
on public banofit and In particular, tho ip•cific guklanca on tharitie8 for th? adva￿ement of raligion. In
p8rbcul•r, we try to enab￿ ordinory people to Ilv• out tk*ir faith 88 Part ol our Church cornmunity.
Wor8hlp •nd prayer,. ￿arnIng 8bout the Gospel", and develcpiny their knrmledge And trust In J8suB.
ProvisiN of paltoral cJrB for people. W8 have 8pod•l 8eryice for Youth fcr th•lr n8ad8 and On SbndAyS ts¥o
8erylce5 for Sunday School and on Wedn88day we hav• 8 sparial teacher teaching the children to 8irG and
am éifferent in•lrurnonls for the Churth Orche8tra. Here the childran have the opportunity to harn about
God, hew to Sing and knarn an Instwrn•nt fcr worship.
The Church offern a rang• ef s¢Nlcas during th• week and cvtr th• cour80 of Iho year that our comrnunity
find both benef￿01 and 8PirituaNy tU￿1111ng. For 8xAmple W8dr*sday 8¥eniny pr•yern provid• for p¢opLg to
•ng898 in more outgoing wor•hip such al that provided by the youth group.
During the year, th• Church undertook &evwAI projoct8 by 6haring the maB8ag8 cf Gcd's salvation and
brfng1ng r8lief to Peopl• In dire need in Rorngnia. Th•$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 Pen￿1 P8ntec06t&l Church London is a r8gist8r8d charity, number 1199379, and consts'tuted 8S
Charit•bl• Inc0￿0¥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 respon￿bilty of the TNst•eB who ar• elected and o>opt8d under the
terrnts of the Con$titutson. Naw TNsta•s 4r• appoinied by the •xi8ting Truitees and thére must alway& be at
kiast throe Tru8te•i.Ther• were no now trust••8 appointed in the year.
The Tnot8eB set th• dlmclion and polky IT￿￿￿0rk lor the Churth. They wt ploco the praceJ¥ for
revlowin9, evalua￿'r￿a and Impkn)•nting an apprwlut• ri•k m8n8gem•nt fram0w0￿.
The hav• •$￿1ed thè major rBk8 to *thlch th8 Ch￿￿￿ is gXPOBed, In p8rtloJlgr thos• r•lal8d to
Ihe Oper8t￿n5 and finAn￿1 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 TrU￿ee5 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.
R￿ponSIbIlItI•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 ...
TI￿riU 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 unT￿triCted 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 ackn￿edge.
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.