## **HEBRON PENTECOSTAL ASSEMBLY** 

## **FINANCIAL STATEMENTS** 

## **FOR THE YEAR  ENDED  31[ST] DECEMBER 2023** 

**CHARITY NUMBER: 1199467** 



## **HEBRON PENTECOSTAL ASSEMBLY 1 WINCHESTER AVENUE DONCASTER DN2 4JE** 

**INDEX Page Index                                                                                                          1 Trustee’s Report                                                                                       2 – 3 Receipts and Payments Account                                                              4 Statement of Assets and Liabilities                                                          5 Notes on the financial Statements                                                            6** 

**1** 



## **HEBRON PENTECOSTAL ASSEMBLY** 

## **TRUSTEES’ REPORT YEAR ENDED 31[ST] DECEMBER 2023** 

The trustees are pleased to present their report for the year ended 31[st] December 2023 for the charity, Hebron Pentecostal Assembly with charity number 1199467. 

The Trustees of the charity are: Joel Mathew Panicker Valsamma Sebastain Rev James Chacko Dr Shoba James 

The principal address of the charity is :  1 Winchester Avenue Doncaster DN2 4JE 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Charity governing document is a CIO – Foundation Constitution registered 28[TH] June 2022.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 organisation 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 Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continues to hold outreach meetings during the year in which individuals had the opportunity to hear the message of the Christian faith. This has produced good results in reaching and helping members of the community. 

**2** 



## **FINANCIAL REVIEW** 

The income of the charity is above £33,000. This is a higher amount for this year of the charity and the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the equipment it uses for its meetings. 

## **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 expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year. 

## **RISK MANAGEMENT** 

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that 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 25[th] April 2024 and signed on their behalf by: 

_____________________________________________ 

**3** 



## **HEBRON PENTECOSTAL ASSEMBLY** 

## **ACCOUNTS FOR THE YEAR ENDED 31st December 2023** 

|**1 **|**Receipts & Payments Account (General**|**Purpose Fund)**|**Purpose Fund)**|
|---|---|---|---|
||**Income  Receipts**|£/ 2023|£/2022|
||Donations|36552|5323|
||Interest|0|0|
||**Total Receipts**|**36552**|5323|
||**Direct Charitable Expenditure**|||
||Hall Hire|1460|180|
||Refreshments|201|1488|
||Pastoral expenses|100|1260|
||Church Events|14859||
||Charity Donations|2120||
||Professional fees|580||
||Welfare|12016||
||Church Supplies|1165||
||Media services|212||
|||32713|2928|
||**Other Expenditure**|||
||Equipment|2905|0|
||Instruments|||
|||2905|0|
||**Total Payments**|**35618**|2928|
||**Net Receipts/(Payments) for the year**|934|2395|
||**Cash Funds brought forward**|**2395**|0|
||**Cash Funds at the end of the year**|**3329**|2395|



**4** 



## **HEBRON PENTECOSTAL ASSEMBLY** 

|**2 **|**Statements of Assets and Liabilities at 31st December 2023**|**Statements of Assets and Liabilities at 31st December 2023**|**Statements of Assets and Liabilities at 31st December 2023**|
|---|---|---|---|
||**Monetary Assets**|||
||**Cash Funds**|**Unrestricted Funds**||
|||**£/2023**|**£/2022**|
|||**£**|**£**|
||Cash at hand and in bank|3329|2395|
||**Total Cash Funds**|3329|2395|
||**Assets Retained for the**|||
||**Charity's Own use**|||
||**Non-monetary Assets and Liabilities**|||
||Musical Instruments|80|100|
||Equipments|2444|150|
||Fixtures & Fittings|||
|||2524|250|
||**Liabilities**|||
||Bookkeeping|299|200|



These accounts were approved by the trustees and signed on their behalf by: Rev James Chacko 

________________________________________________ 

**5** 



## **HEBRON PENTECOSTAL ASSEMBLY** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31st December 2023** 

## **ACCOUNTING POLICIES** 

## **Basis of Accounting** 

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year. 

## **Funds** 

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services. 

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO 

## **Public Benefit** 

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

**6**