THE PENIEL CENTRE
Char•ty No. 1202323
Trustees, Report and Unaudited Accounts
31 March 2025

THE PENIEL CENTRE
Contents
Pages
Trustees, Annual Report
Statement of Financial Actiwties
3-5
Balance Sheet
Notes to the Accounts
8t013
Detailed Statement of Financial Attivities
14to15
Page I

THE PENIEL CENTRE
Independent Examlners Report
THE PENIEL CENTRE
The trustees present their report with the unaudited financial statements of the charity for the year ended
31 Marth 2025.
REFERENCE AND ADMINISTRATIVE O￿AlLs
Charlty No. 1202323
Principal Office
Unit7&8
New River Trading Estate
Fairways
Cheshunt
EN8 ONJ
Trustees
The followin8 trustees served (Juring the year..
A. Averkiou
C. Ebechldl
B. Falegan
O.A. Wo8hiren
Accountants Ilndependent Examlnadonl
8rayan and Spencer Associates Chartered Certified Accountants
156 Guildford street
Chertsey, KT16 9BE
Bankers
Barclays 8ank
20The Town
Enfield
EN2 6LS
Metro Bank
1-3 Market Chambers
Church Street
Enfield
EN26AA
Page 2

THE PENIEL CENTRE
Independent Exam5ners Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Peniel Centre is a religious charity governed by its Constitution. The charity is managed by a Board of
Trustees who are responsible for setting the charitvs strategic direction and ensuring its effective
administration and financial management.
The trustees meet regularly to review the charity's activities, finances, and compliance with legal obligations.
New trustees are appointed in accordance with the governing document, with appropriate induction and
training provided to ensure they understand their responsibilities and the charity's objectives.
Aim5 and Objective5-
The principal aim of the charity is to promote the gospel of Jesus Christ, with the overarching goal of advancing
evangelical Christian faith both locally and internationally, commencing in Cheshunt. To achieve this, the
charity is cornmitted to fulfilling the teachings of Jesus Christ, partitularly ernphasi5ing the tall to make
disciples of all nations. This mission is carried out through the systematic preaching and teaching of the 8ospel,
alongside intentional mentorship and guidance for believers, equipping them to become devoted followers of
Jesus Christ.
We pursue our objectives through the following initiatives:
Regular Sunday service5 featurin8 themes designed to facilitate spiritual growth amons church
members.
The cultivation of life.giving communities within small groups, where members are encouraged,
supported, and foster healthy personal relationships.
Discipleship and lea(Jership trainin8 courses aimed at enhancing operational capacity amongst
members.
Produrtion ènd disseminètion of gospel content on publit social media platforms.
Frequent prayer meetin8s focused on spiritual freedom. breakthroughs, and deepenin8 members,
intimacy with God.
Communlty outreach pro8rammes. Includin8 dedlcated support for vulnerable adults through our
Peniel Care department.
Provision of pastoral counselling and support services for church members.
Significant Activities..
Annlversary Celebration and Community Engagement
In July 2024, we marked our two-year anniversary with a vibrant event attended by over 400 people. Thi5
Social occasion drew many from the local community, including children and young people, who enjoyed a
variety of activities such as food and drinks, bouncy castles, face-painting, game5, and other entertainment. As
part of our continued commitment to community engagement, we distributed more than 100 hamper5 to
vulnerable individuals residing in care and residential homes. In addition, we provided further assistance to the
local food bank, extending our support to those most in need within the community-
Growth in Attendance and Service Accessibility
During the reporting period, we observed a notable Inc￿aSe in in-person attendance at our Sunday services,
even though many across the UK continue to prefer participating in church online. To accommodate the needs
of all attendees, we also commenced live streaming of our Sunday services. This initiative has provided a
flexible option for those unable to join us in person. ensuring our services remain accessible to a wider
audience.
Page 3

THE PENIEL CENTRE
Independent Examlners Report
Ongoing Activities and Community Support
Throughout the year, we consistently delivered a range of activitie5 designed to support both our church
mernbers and the wider comrnunity-
Regular Church Activities:
Sunday morning services were held at the Goffs Churchgate Academy in Cheshunt, catering for adLJIts,
youth, and children. These gatherings provided an opportunity for worship, teachin& and fellowship for all
age groups.
Weekly Small Group meetings took place on a hybrid b3sis, with some groups meeting in homes and
others joining online. This Ilexible approach enabled greater participation and fostered a sense of
community among members.
Friday prayer meetings were conducted at the Goffs Churchgate Academy in-person, with some sessions
also available online via Zoom. These meetings focused on communal prayer and spiritual support.
Leadership and volunteer training was provided to equip individuals for service and nurture the ongoing
development of the church's activitie5.
Pastoral counselling and support were offered to members, ensuring their emotional and spiritual needs
were addressed throughout the year.
Support for Members and the WiderCommunity=
We provided relief to individua15 and families facing emergencies. offering assistance with accommodation,
food, travel, and support for home-related ch3llenges.
Additional support was extended to the elderly and vulnerable residents in care and residential homes
throughout our community. ensuring they remained connected and cared for during difficult times.
These activities have dirertly contributed to achieving our charitable objertives. In implementing these
inltiatives, the Trustees have been mindful of and adhered to the Charity Commission's guidance on publlc
benefit.
Achievement and Perfom)ance
Overview of Activities:
The actlvlties outlined above have played a vital role in enabling the charity to fulfil its objectlves. Through
these initiatives, the charity has consistently delivered services that benefit the wider public, reflerting its
commitment to community support and engagement.
lrnpact on the Church and Community..
During the reporting period, our Svnday services. prayer meeting5. and evangelistic outreach efforts have
contributed significantly to the church's growth. This is demonstrated by an increase in attendance. both in-
person on Sundays and online. The commitment of our members. Particularly in maintaining their financial
contributlOn5, has ensured the charity's ongoin8 viability and allowed u5 to continue our service to the
community.
Page 4

THE PENIEL CENTRE
Independent Examlners Report
FINANCIAL REVIEW
The charity's principal funding sources are donations. Total income for the year amounted to £255,892
while total expenditure wa5 £159,879. The charity ended the financial year with net a55et5 of £256,374,
which will be used to support our ongoing and future programs.
Reserves Policy: The trustees aim to maintain reserves equivalent to three months of operational costs to
ensure stability and continuity of activities.
Statement of trustees. responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees. annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generallv
Accepted Accounting Practice).
The trustees are responsible for keeping proper accountin8 records that disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial statements
comply with the Charitie5 Act 2011. the applicable Charlties (Accounts and Reports) Regulations. and the
provlslons of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and
hence taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities.
Slgned on behalf ol the charity's trustees
C. Ebechidi
Trustee
30 january 2026
Page 5

THE PENIEL CENTRE
Statement of Financial Activlties
for the year ended 31 March 2025
Unrestricted
funds Totsl fvnds Total funds
2025
2025
2024
Notes
Income and endowments
from:
Donations
202,441
51.706
1,745
202,441
51.706
1.745
176,041
33.255
787
Gift Aid
Investment5 Ilnterest only)
Total
255.892
255.892
210.￿3
Empendlture M:
Other
159,879
159,879
115,933
Totsl
96.013
96.013
94,150
Net gains on investments
Net Income
96.013
96.013
94,150
Transfers between lunils
Net Income before other
galns11105ses1
96,013
96,013
94,150
Other 8alns and losses
Net movement Sn funds
96,013
96,013
94,150
Reconclllatlon of funds:
Total funds brought foNard
159.861
159,861
6S,711
Total funds carrled forward
255,874
255,874
159,861
Page 6

THE PENIEL CENTRE
Balance Sheet
at 31 March 2025
Charity No. 1202323
2025
2024
Fixed assets
Tangible assets
41.094
41.094
22,684
22,684
Current assets
Debtors
Cash at bank and in han
396
216,103
225,703
110,9231
141,154
141,550
143731
Credltors: Amount falling due within one year
Net current assets
214,780
137,177
Total asset5 less current Ilabllltles
256,903
159,861
Net assets ex¢ludln8 penslon asset or Ilablllty
255,874
159,861
Total net assets
255.874
159,861
The funds of the char5ty
Restrlcted funds
Unrestrlrted funds
General fund5
Designated funds
io
65.711
190.163
65,711
94,150
255,874
159,861
Reserves
io
Total funds
255,874
159,861
Approved by the trvstees on 2>9eeem
And signed on their behalf by:
C. Ebechid
Trustee
30 January 2026
Page 7

THE PENIEL CENTRE
Notes to the Accounts
for the year ended 31 Mar¢h 2025
l Accountlng pollcles
8a5is of preparation
The financial Statements have been prepared in accordance with 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 if Ireland IFRS 1021 issued on 16 July 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Act 2011.
ChanBe In basls of a¢¢ouniln8 or to prth4ous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) sin
last year and no changes have been made to accounts for previous years.
Fund a¢countln8
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objerts of the charity.
These are unrestricted funds eamiarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is inclvde(J in the Ststement of Financial Activities ISOFAI when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gr￿5 in the SOFA.
Donation5 and
legacies
Voluntary income received by way of grants. donation5 and gifts 15 included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gift5 Bift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is ￿8$onablY quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This 15 included in the accounts when receivable.
Gains/llossesl on
This includes any gain or loss resulting from revaluing investments to market value
revalLJation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 8

THE PENIEL CENTRE
Notes to the Accounts
Expenditure
Recognition of
expenditure
Expenditure 15 recognised on an accruals basis. Expenditure includes any VATwhich
cannot be fully recovered, and is reported as part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of it5 activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
Grants payable
All grant expenditure is accounted for on an actual paid basis plus an accrual for
rants that have been approved bythe trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity. including any auditlindependent examination fees,
costs linked to the strategic management of the Charity, together with a share of
oiher administration costs.
These are support costs not allocated to a particular activity.
Governance costs
Other expenditure
Taxatlon
The charity is exempt from tax on its charitable artivities.
Tanglble fixed assets and (kpreclatlon
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful lile..
Motor Van
Othei Assets
20% Straight Line
25% Strai8ht Line
Freehold Investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciate(J. All gains or losses are taken to the Statement of Financial Artivities as they
arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtor5 are Tecognised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand. demand deposits with bank5 and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial posltion, bank overdrafts are shown within borrowings or current liabilitie5.
In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Page 9

THE PENIEL CENTRE
Notes to the Accounts
Trade and other ¢reditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are nom)ally recognised at their settlement amount after
allowin8 for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Forei8n currencles
Monetary a5set5 and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters Into a lease whlch entails taking substantially all the risks and rewards of
ownership of an asset, the lease 15 treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
InceptSon of the lease or, If lower, at the present value of the mlnimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interesi on the remaining balance of ihe liability. Finance expenses are
recognised immediately. unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line ba515 over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduttion of rental
expense on a 5traight-line basis.
Penslon costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the charity pay5 fixed contributions into a separate entity. Once the
contributions have been paid the charity has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accrua15 in the balance sheet.
The assets of the plan are held separately from the charity in independently administered funds.
Recelpt of donated goods. fadlltles and servlces
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
Page 10

THE PENIEL CENTRE
Notes to the Accounts
2 In¢ome from donations and legacies
Unrestricted
Totsl
Total
2025
2024
Donations
Gift Aid
202,441
51,7
202,441
51,706
176,041
33,255
254.147
254,147
2(B,296
3 Income from Investments
Unrestricted
Total
Total
2025
2024
Interest Received only
1,745
1,745
787
1.745
1,745
787
4 Other expendlture
Unre5trlcted
Total
Total
2025
2024
Employee costs
Motor and travel costs
57.876
57,876
40,354
1,518
32,422
1,691
32,799
1,691
32,799
Premises costs
Amortisation, depretiation,
impalrment, profitlloss on
disposal of fixed assets
General administrative costs
12,290
12,290
52,313
52,313
30,059
2,1(XJ
115,933
Legal and professional costs
159,879
159,879
5 Net Income before transfers
2025
2024
This is stated after charging..
Depreciation of owned fixe(13ssets
6 Staff costs
12,290
2025
2024
Salaries and wages
Social security costs
Pension costs
46,Sll
6,377
2.627
55,515
35.354
3,376
839
39,569
No employee received emoluments in excess of £60.(￿.
Page 11

THE PENIEL CENTRE
Notes to the Accounts
7 TanBible fixed assets
Motor Van Other Assets
Total
Cost or revaluation
Additions
At 31 March 2025
13.440
13.440
49,179
49.179
62,619
62,169
Depre¢lation and
Impalrment
Depreciation charge for the
year
At 31 March 2025
6,720
14,805
21,525
6.720
14.805
21.525
Net book values
At 31 March 2025
6,720
34.374
41.094
8 Debtor&'
2025
2024
Trade debtors
3%
396
9,600
9 Credltors:
amounts falling due within one year
2025
2024
Other taxe5 and social security
Other creditors
3.974
6.949
10,923
975
3,398
4,373
Page 12

THE PENIEL CENTRE
Notes to the Accounts
10 Movement in funds
Incomlng
resources
At31
March
2025
(including
other
At l April galnsllosses
2024
Resour¢es
expended
Restrlcted funds:
Unrestrlcted funds:
General fvnds
65,711
65,711
General Funds
94,1￿)
255,892
1159,8791
1159,8791
190.163
Total
94.150
255.892
255.874
Total fvnds
Purposes and restrictions In relation to the funds:
Designated funds..
General Funds
11 Analysls of net assets between funds
Unrestrlcted
funds
Total
Fixed assets
41,094
215,280
41,094
215,280
Net current assets
12 Recon¢llla¥on of net debt
At31
Mar¢h
2025
At l Aprll
2024
Cash flows
Cash and cash equivalents
141.154
141.154
74.949
74.949
216,103
216,103
Net debt
Penslon commltments
The pension c05t charge to the chartty
2025
2024
amounted to..
839
Page 13

THE PENIEL CENTRE
Detailed Statement of Flnancial Actlvltles
for the year ended 31 March 2025
Unrestricted
fund5
2025
Totsl funds
2025
Total funds
2024
In¢ome and endowments from:
Donations and legacies
Donations GrftA(
254.147
254,147
254,147
254,147
203,296
209,296
Investments
Interest Receive
onlv
1,745
1,745
787
1,745
1,745
787
Total Income and endowments
255.892
255,892
210,083-
Empendlture on:
Employee costs
Salaries/wages
Directors, remuneration
Employer's NIC
Pension costs
19.450
29.050
4,390
2.627
2.361
57,878
19,450
29.050
4,390
2.627
2,361
57,878
18,012
17,342
3,376
839
Staff trainin8
78S
40,354
Motor and travel cost5
Vehicles- General costs
Travel and subsistence
1.420
271
1,420
271
1,691
1,418
IN)
1,691
1,518
Premises costs
Rent
29,195
29,195
30,239
928
Rates
Light, heat and power
1,255
32,422
32,799
32,799
General administrative costs.
including depreciation and
amort15ation
Advertising & PR
Depreciation of Motor Van
Depreciation of Other Assets
Pastoral & Community support
Bank charges
1.5
3,360
8,930
2,570
1.602
1.500
3,360
8,390
2,570
1,602
3,360
4,620
2,011
1,377
F111
Equipment expensed
Equipment leasing and hire charges
Hospitality & Catering
General insurances
73
73
1,083
581
3.864
2,751
1,845
3.864
2,751
1,845
4,629
2,314
1,668
Information and publications
Postage and couriers
Stationery and printing
6,641
Page 14

THE PENIEL CENTRE
Detailed Statement of Flnanaal Actlvltles
Unrestritted
funds
2025
Total funds
2025
Totsl funds
2024
Subscriptions
Sundry expenses
Telephone, fay and broadband
Repairs
726
71x1
399
10,136
1,539
21.613
64.511
10,136
1,539
21,613
64,511
7,582
1,766
39,539
Legal and professional costs
Actountanty antl bookkeermng
Independent Examination Fees
1,5(N)
1.sc
1,500
1,5(N)
2,1(X)
Total of empendlture of other costs
159,879
159,879
115,933
Total expendlture
159,879
159,879
115,933-
Net gain5 on investments
Net Income
96,513
96,513
94,150
Net Income before other
galnslllossesl
96,013
96,013
94,150
Other Gains
Net movement Sn funds
96.013
96.013
94,150
Reconclllatlon of funds:
Total funds brought forward
159.861
159.861
65,711
Total fvnds carrled forward
2SS.874
255,874
159,861
Page 15

Inde
endent Examinerfs Re
The Peniel Centre
ort to ihe Trnsiees of
Independent C￿&m]ner'S report to the tru5t¢es of The Peniel Cent
I report to the chariry trusiees on my examinaiion of the accounts of The Peniel Centre for the year ended 31 March 2025.
Responsibilities and basis of report
As the Charil}' Trustees. N'ou are responsibl¢ for the pr¢pwdtion of the ac¢ounts in accordance wid) th¢ requir¢ments of di¢
Charities Aci 20111'th¢ Aci,).
I report in respect of my examination of the Charitie5' accounts carried out under Section 145 of the Act and in caryii)g out
niy examination I have followed all applicable Direclions given by the Charity Comtnission uiider Section 145{5)Ibl ofthe
Act.
Independent examiner'5 Statement
I have conipleled mv exaniinaiion. I confirm ihal no mat¢rial matt¢r5 hav¢ ¢om¢ lo my atl¢ntion in coniie¢tion with the
examination giving me eause 10 believe ihai in any material respeci=
accounting records were noi kept in respect of the Trusi as required by Sttiion 130 ofthe Aci.. or
the aLcount5 do not aecord w ith those records: or
the acLounts do lloi Lornply wilh the applicable requirements concerning the fomi and tonient of accounts sei oul ii)
the Charities IAcLOUTit5 and Reports) Regulations ?(M)8 other ihan an). requirerneni ihai ihe aeLouiiiS ¥ive a irue and
fair view whieh is noi a maller considered &% part of an independeni examinaiion.
I have no concems and have come across no other mailers in conneciion ￿1th the examination to which aiieniion should be
drawn in this report io enable a proper understanding ofihe accounts io be reached.
PAT SHARMA
The AssoLiaiion of Chartered Certified Accountants
3010112026