CharityrqKlstratlon number: 1208180 BETHLEHEMWATFORD ROMANIAN PENTECOSTALCHURCH ANNUAL REPORT AND UNAUDtfED FINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 BETHLEHEM WATFORD ROMANIAN PENTECOSTALCHURCH LEGALAND ADMINISTRATIVE INFORMATION Trustees Sllvlu Ducluc Fanel HI) Antonlu Dlonisle Pantea Petru Andreica loan 8otlz Dorin Bi2gan Clpilan CorneLLazareanu Charlty reglstratlon numbor: 1208180 Prfnclpal¥ddr•ss: Ee¢chen Grove Baptlst Church Clarendon Road Watford W017 111 Independentexamlner. SEBASTIAN AND DAUGHTERS LTD Chartered Certlfled Ac¢ountants 17 Nea15 Corner 2 8ath Road Hounslow MSddlese¥ TW3 3HJ Page Tru5teÈs reput Ind8pend8nt examlneff8 report Stal8m8nl ef fin￿￿81 actbvities 8818n£8 sheet Note¥ to Ihe flnandal s18tements 6-11 BETHLEHEM WATFORD ROMANIAN PENTECOSTAL CHUACH TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER2024 The Trustees preseni their annual reportand tlnanclalstatements lorihe period ended 31 December2024. The financlal statements have been wepared In a¢¢ordancewth the accounting pollcies selout In notè I tothe Ilnamclal staternenis and complywith the Gharlty's trusl deed daied 09 May 2024, the ChariliesAtt 2011 and'Accountlngènd Reportlng by Charltles.. Statémentol Recommended Pracllce appllcable to Gharitles preparing their accounts In accordance wlth the Flnanclal Reporttng Standard applicable In the UK and Republlc ol Ireland IFRS 1021 leffectlve I january 20191.. Oblèctlves and 4dlvltlea The Purposes OfThe Church Are:The Purpose Of The Church IsThe Advancernent OIThe Christlan Falth In Accordance WlthThe 8a5is 01 Faith Wlthln England, Prlmarlly. But Not Excluslvely, Wthln London, And The Surroundlng Nelghbourhoods, And In Such OtherParts Of United Kingdom OrThe World By:111 Eng2￿ngIn Evangellstic Outreach Initiatives Wlthln Local Communltles, Such As Oigani21ngEvents, Provldlng Pastoralcounselling, And Offerlngsupport SeNlces To Those In Need.121 Nurturing Splrllual Growth And DlsciplÉshlp Among Bellevers ThroughMbrantWor5hip Services, 81ble Studles, And Fellowshlp Opportunlties.131 Supporting Mlsslonary Efforts Both LocallyAnd Internatlonally, Through Partnerships Wlth Missionary OrganizatM)ns, Short-Term Mission Trips, AndThe Establishment 01 New Churches.141 In￿StIng InThe Next Generation ByProvldlngYouth And Chlldien's M5nistries That Oflersplrltual Educallon, Mentorship. And OpportunIt￿$ For Personal Development.151 PTomotlng ChTlstian Values And Ethics In SocietyThrough Advocacy. CommunityEngagement.And Sociallustlce Iniilatlve3.161 Equipping Belleveis With The Necessary Resources, Tralnlng, And SupwrrTo Fulfil Their CalLlngAs Ambassadors 01 Chrlst In Theli Spheres 01 Influence.171 By FulflllingThese Oblectlves. BethlehemW31fDrd Rornanlan Pentecostalchurch Seek$To Make A Posllive Impacl On Individuals. Famllles, And Communltles, DemonslratlngThe Translorniative Power Of The GospellnThe Llves Of People Voluntetrs There have been 20volunteer5durfngthe year Achlevemènts and pertormance The rnain achlevernentolthe Char1ty in theyearwas tolullill its oblectives.The Trustees conllrm thatthey have paid due regard tothe publlc benefit guldan¢e Issued by the Charlty Commlsslon.There h8ve been seNl¢es everySunday,Men's meetinBand Ladies, rneellng éveryweek, Bras5 band rehearsalon evtrywednesday. Ofchestra practlce on every Ffiday, Conducted medicalcarnp In Zambla, Provided food & houses to poorlamilies in Romanla. Tearn Inzambla teaches Engilsh and dlstrlbutesfoodto 200 chlidren from dlllerent rrlbes. Flnanclal review The Statement of FlnanclalA¢iivltles on page 3 dlsclose5the resultslortheyear. The netlncrease In the luvds ofthe chartywas £3,943 BETHLEHEM WATFORD ROMANIAN PENTECOSTALCHURCH TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 The 8alan¢$ Sheet on page 4detalls the linanci8L posltlon of the charlty and show netassets ol £155,431 Reserve pollcy The tru5Qes Iniené to malntsin suificlent reserves, havlng regard tothe expected tlming of Income and outgoings of donatlons. loans and grants. Plangfortuturo perlods There h8V8 been no sionlfi¢ant aV8nts affedlng Charfty sln¢e the year end and no rnai￿ lulw8 dewloprnants In th8 actfvili85 of th8 CharSty are anliapaled. The Charitywasformed as a Charltablé Incorporated organisatlon on 09 Nay 2024. TheTrustees admlnlsterthe Charityon a dayto day basis rnaklngwhatevei declslons theyconslder necessary to enable tt to meet Its Object￿S. The powerto appolntnewtrustees Isvested in the ex)Sllng tNstees. The TnJ8ts¢5 who seryed ￿ring lh8 up to the dale of $lgnalur8 of the fi#an¢l818ts1¢ments were.. si1￿7U Du¢lu¢ Fanél HI Antoniu Dionlsle Pantea Petru Andrelca loan Botiz Dorln Blzgan Ciprian Cornel Lazareanu TheTi￿steeS reportwas approved tythe Board ofTrustses. loan Botbz Tru51e Date.. io O¢toOer2025 8ETHLEHEFI WATFORD ROMANIAN PENTECOSTALCHUIICH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BETHLEHEM WATFORD ROMANIAN PENTECOSTAL CHURCH e charlty'strustees are responsible for the preparation of rhe accounts. The ¢hartty's trustees conslderthatan audit is notyequlred forthlsyearunder sectlon 144121 of the Charltles Aci 2011 (the 2011Actl and that an Independentexamlnation is needed. It 18 my re6POD8ibillty to.. exatnlne Ihe aCc￿￿t5 U￿er sedion 145 ol the 2011 Acl, to followthe prcredure6 lald di)wn Sn the g8n8fdl ￿'raGIl0ns given bythe Charitycommlsslon (under sectlon 14515llbl ol Ihe 2011 Act, and to 8t8te whelher parfcular n)atters have come b) my attention. My examination was carried out in ac¢ord8nce wlh general Dirèctions gpien by Ihe Charty Commission. An OXgmlnath)n includes a reviow of th8 8G¢ountlThJ recorils kept by Ihe charily 8nd a Gomparison of the aC￿unts presented wllh tho89 records. It also indude$ GonsldeTation of any unusv81 items or dlsclosur83 In the 8CGourt6, and Seeking explanatk)ns from the trustee$ concernlng ary such matters. The pr￿edureS un¢*rtaken do not provide all the evidence that would be requlred Sn an audlt. and consequenly no ok1n1￿ is given as to whether th8 accounts pr08ent a'tru8 and ￿r, ￿eW and the report is thmited to those Matters set out In the ststemenl below. In connectk)n Wth myexamlnatlon, no malter has ¢OTne to myattenllon l.ffjrtilch glves me reasonable causeto be￿eve thatin. arymaterlal respect, the requlrernen to keep a￿oUn￿n9 records in accord8NGe wilh section 130 of the 2011 Act,. gnd to PTepate accounts %thich accord ￿t￿ the accounung rerJ)rds and comptywllh Ihe accowtlng requliemenls ofthe 2011 Act ha￿ not b88n met,. or 2. towhlch, In my opinion, attention should be drawrs In orderto enable 8 proper undefstandlng of the accounts ro be reached. ebastlan M8chukattu Dev8sIB Assoct81ion of Ch8rtewd Certified Acco 17 Neals Coiner 2 Bath Road Hounslow Mlddlesex TW3 SHI Date.. Wastian and Daughters Ltd Chartered Certifjied Accountants 17 Neals Corner, 2 Bath Road Hounslow, Middlesex TEL.. 020 3490 9263 10 October2025 BEfHLEHEM WATFORD ROMANIAN PENTECOSTALCHURCH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDtruRE ACCOUNT FOR THE PERIOD ENDED 31 DECEM8ER 2024 Unresirlcted fvnds 2024 Notes Income Ir¢>m: DonaUon8 and legac￿$ 208.164 Total irtGom• 208,164 Expendiiure on.. Charitsblé activ1￿85 204.222 Totsl oxp•ndSlur• 204.222 Net In¢omll•xpendltur•} and mov•m•nt In funds 3,943 Récondliatlon olfunda: Fund balancos at 9 May 2024 151.488 Fund balanc￿ at 31 Dacernber 2024 155,431 The statemenl of flnanclaLactlvlU¢s Includes allgaln$ and losses recDgnlsad Intheyear.All Income and expendlture derNe Irom conlinulng actlvltles. B￿HLEHEN WATFORD ROMANIAN PENTECOSTALCHURCH BALANCE SHEET AS AT 31 DECEMBER2024 2024 Not•s Rxed assets Tanglble assets li 16.780 Curmfflt a88ets Cash at bank and In h￿d 142,612 142.812 dltOT8- 4m¢untts lalllng du•wlthln ono year 12 3,960 Nel current assets 138.652 Total assets les8 CuThent Llab1111106 155,431 N•tAssels 155,431 Th• funds of the ¢harlty Unf85trf¢tod funds 155,431 155,431 The Ilnanclalstatementswere approved byihe Trustses on 10 October2025 108n Boflz TNstee BETHLEHEM WATFORO ROMANIAN PENTECOSTALCHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER2024 Ac¢ountlngpollcles Charfty Inforniatlon The Charity Is an unlncorporated Trustwhlch was lorrned un(leraTNStDeed dated 09 May 2024. TheTrustees admInis￿r the Charity on a day to daybasls makingwhatever d¢clslonsthey Et>ns1dernecessaryto enable Itto meet bt5 oble¢Elves. The powerto appolnt newtrustees Isvesied In the existlngtrustees. The address olthe princlpal offlc8 Is Beechen Grave 8aptls1 Church. Clarendon Road,Wafford. WD17 IJI. A¢¢ountlng corwentlon The Ilnancla15tatements have departed fromthe Charltles IAccounts and Reponsl Regulatlons 2008 onlytothe extellt requlred to piovide atrue and lalrvlew. This departure has involved lollowlngthe Statemem of Recommended Practlcefor charltles applying FRS 102 ratherthan theverslon ofthe Statementof Recommended Practice wnlch is referred to in the Regulations butwhlch has slnce beenwllhdrawn. The Ilnanclalstatements are prepafed in sterling, ￿h￿ch Is the lunctlonal£urr¥ncyof the charity. Manetaryamounts In these flnanclal statements are foundedto the nearest The flnanclal Statements have been Prepared under the historlcal cost conventlon. The prlncipalaccountingpouclesadopted are setout below. Golng eoncorn At Ihetlme of approv¢ngthe Ilnanclal staternents. the trustees have a reasonable expectation thai the charityhas adequate iesour¢e5to supportthe curTentlevel ol expenditure and to contlnue in operatlonal e￿StenCe fortheforEseeable future. C￿rItabl8 fund# Unre5trlcied funds are avallable tor use atthe dlxreik)n oltheTrustees In furtherance olihelr charitatslé oblectives. In¢tyn• Income Is recognlsed vthen the charty Is legalty eniitted to ft after arypertormanca condltlons have been met, Ihe amounts can be measured ￿lIably. and It is pmbable that Incomewlll be received. BETHLEHEM WATFORD ROMANIAN PENTECOSTALCHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 DECEM8ER2024 Accountlnq pollcles IContinu•dl Expendlture economlc benefitte athSrd pa￿. It Is probable that a transfer oleconomic benelits wlll be requlred In settlemeniand the amount of the obiigatlon can be measured rèllabty. Supportcosts afft those costs Incurred dlreciiyln sUPPOrtolexpenditure on Ihe objects otlhe charlty. Charirable aCtI￿lIeS and Governance costs are costs iThcurred on the charity's 8ducatlonalopeiations, Includlngsupport costs and costs reiaiingto the governance of the eharftyapportlon￿ to charltsbie acti¥Jities. Grants payable are charged in the yearwhén the offer Is made except In those cases where the offer Ss condltlon31, such grants belngrectsgnlsed 8$ expendlturewhen the condltions attachin6 are fulfilled. Grants offered sublectto condltionsw*lch have not been metattheyearend are noted as a commltrnent, butnotaccrued as expendlture. Tan8lbleflxed assets Tanglble are Inlttally rneasured at costand subsequentlymeasured at costor valuatlon, net of depreciatlon and anyimpaiiment lossas. Depreclatlon is recognlsed so astowrSte off th8 Cost orwdLuatlon of sassets lessthelr sldualvalues over thelr usefulllves on the following bases.. Equlpments FuinltUFe and ￿t￿ngS Molorvehlcle 25% on cost 20% Dn cost 25% on cost The galn or iossarlslngon dlsposal of asset is detemlned as dltrerence betsveén the sale proceeds and thÈ carryingvalue olthe a5Sét. and Is recognlsed In thé statement olflnanclal actlvltles. Cash and cash oqulvalents Cash and cash equivalents Include cash in hand. dep051ts held alca1lb￿Ih banks, other short-temi Ilqul(t Inve5rm8nts ¥￿th origlnal matUTllles of three months orless. nd bankoverdrafts. Bank overdrafts are shown Wthln borrowlngs In current BETHLEHEM WATFORD ROMANIAN PENTECOSTALCHURCH NOTESTOTHE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 DECEMBÉR 2024 I AGcountlng pollcl¢s IContlDu•dl 2 Ciltlcalaccountlngestlmates andjudgements In the application olthe tharlty's accountlng polScl8S. the Trustèes are required to make judgements. estimates and assumptlons abolli the car￿ng8m0￿ntQI assets and liabllltles thatare not readllyapparentlrom Ofhersources. The est'rnates and associated assumptlons afe based on historic31 experlence and otherfactors that are consldered to be relevant. Actual results may dlffey tromthese estlmates. The eS￿rnateS and undertylngassumptlons are re￿eWed on an ongalng basis. Re￿$lanS to accountlng estlmates are recognised in the period in whlch the estimate is rèvlsed where the rwsion affects onlythat period, or inthe perlod of the revlslon and future periods ere the revlslon affects both current and future perlods. 3 Ineome from donallon¥ and18ga¢l• unrest￿tted lun415 2024 Oonallons and gtfts 208.164 DO￿8110￿$ and glfts Donolon$ 78.697 29,445 20.144 75,859 4.019 208.164 Conlrfbullons the OffsringB Sundry Income 4 Expondltura on Gharltabh adlvltl 2024 Dlr8ct costs Grant funding of aclniities (see note S) Mls$lan 8xp8n596 Evang81i5m Youth expen Chiljren choir Famlty meat Sundgy scho Chuich expenses 51.148 22.150 5.705 4,000 283 778 8.163 92.716 BETHLEHEM WATFORD ROMANIAN PENYECOSTALCHURCH NOTES TO THE FINANCIALSTATEMENTS ICONTINUEDI FOR THE PERIODENDED 31 DECEMBER 2024 4 ExpArnlltur• on charftsble aGllvStlès 92.716 Icontlnuedl Motorexpenses RelTeshments Renl & rates Travel Cleaning DepreGlatlon Insurance 5,880 9,257 62.739 12.063 S.400 5.418 4.757 198,240 Shar8 of support and governanc• C￿1¥ not8 61 Suwort 2,022 3,960 204,222 Anaty8i8 byfund Unreslrlcted lunds 204.222 S Grants payable 2024 Grant$ to Irotitutlons: ASOG Kalaharl For Life 8iserfca Penticostala Sacele 81serlca P8nll¢osiala Sfants Treime Comumitatea Regionala Penllcostaia Danell Sepcluc Zambla Charlty 1,600 2,000 3,000 6.130 3,180 15.910 35.238 $1.148 Grantsto Indlvlduals BETHLEHEM WATFORD ROMANIAN PENTecosTALCHURCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 31 DECEMBER 2024 6 support Support costs 718.32 1.216.28 87.27 Governance cost5 2024 Computer costs BaThkcharges Sundryexpenses AccountancyfeÈs 718.32 1,216.28 87.27 3,980.00 3.960.00 3.960.aO 5,981.87 2,021.87 Ana(ys8d be￿en Charltable actlvltles 2.021.87 3,960.00 5,981.87 7 Netmovement In fund5 2024 The net movernent In funds Is stated after charglnyiicredltlnki: Fees payable lorthe Independent examinatlon ol the charitysfinaneialstatements 3.960.00 8 Truste83 None ol the Trustee5 lorany persons connectedvAththeml reCe￿d any remuneratlon oi beneflts Irorn the tharltyduflngthe year. Employe•s The average TTh)nlhly numb8rof eM￿oYeeS during the year wos.. 2024 Number Total 10 Taxatlon The charltyls exemptlrom taxatlon on Rs aCti￿tIeS because all Its Income Is applled fcr charltabl8 purposes. 11 Flxed as3t8s Equlwnents Furniiure& Nttli Motorvèhlcle lotsl Cost At 9 May2024 Additions At31 December2024 1,065 1.065 2,633 2,633 18.500 18,500 22.198 22.198 DepreclatSon and Impalrment Al 9 May 2024 Depreclatlon charges In the perlod 266 266 799 527 527 2,106 4,625 4,625 13,875 5.418 5,418 16,780 At31 December2024 -io- 8EtHLEHEM WATFOflD ROMANIAN PE￿EcOSTAL CHURCH NOTES TO THE FINANCIALSTATEMENTS ICOPITINUEDI FOR THE PERIOD ENDED 31 DECEMBER2024 12 Cr•ditor*.' amounts IBllÉng dua within on• y••r 2024 Accrfjals 8NJ deferred incotne 3.960 13 Unrestrlct•d funds The Incorne fvnds of the charityln¢lude thetollowlnguniestrfcted funds. At9May Incomlng resource5 Resources expended At31 December 2024 2024 Generallutlds 151,488 208,164 204.222 155,431 14 An8ly$ls ol net a￿81$ bethen funds UnroStrlct•d funds 2024 At31 December Flxed assets Current assetsllllobilitlesl 16,780 138,652 155,431 Allthefunds of the charityrelatesto unrestrlcted lunds 16 Rttlated partytransactlons Thetotal sum donated to the chaifty bythe tnjsiees and their connected charftles was £0. -11.