## New Testament Pentecostal Church
## Contents
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Page
Accountants’ report 1-3
Trading, profit and loss account 4
Balance sheet 5
Notes to the accounts 6-11
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## Testament Pentecostal Church
## INDEPENDENT AUDITORS’ REPORT TO MEMBERS OF THE NEW TESTAMENT PENTECOSTAL CHURCH
## Disclaimer of opinion
We were engaged to audit the financial statements of New Testament Pentecostal Church for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
We do not express an opinion on the accompanying financial statements. Because of the significance of the matter described in the Basis for Disclaimer of Opinion section of our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.
## Basis for disclaimer of opinion
As disclosed in Note 11 to the financial statements, fixed assets are stated at £2,000,000 at the year end. We were unable to obtain sufficient appropriate audit evidence to support the carrying amount of fixed assets. Supporting documentation was not available to substantiate the total amount of fixed assets held and no valuation has been carried out since the completion of the building work. Consequently, we were unable to verify the existence, accuracy, ownership, or valuation of these assets, nor assess whether depreciation has been appropriately calculated.
We were unable to determine whether any adjustments might have been necessary in respect of fixed assets, accumulated depreciation, depreciation expense, or related disclosures in the financial statements. Because of the significance of the matter described above, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion. Accordingly, we do not express an opinion on the financial statements.
We conducted our audit in accordance with International Standards on Auditing (ISAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit ofthe Financial Statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees! use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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## Testament Pentecostal Church
## Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
## Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
- e the nature of the industry and sector, control environment and business performance including the design of the remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;
- e results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- e any matters we identified having obtained and reviewed documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance;
- o detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.
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## Testament Pentecostal Church
- e the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
- e Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- e Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- e Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- e Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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## Testament Pentecostal Church
## Use of our report
This report is made solely to the charity's members, as a body, in accordance with section 65 of the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
CONOL POLAN FCAFinegan Gibson Ltd
Chartered Accountants and Statutory Auditors Causeway Tower 9 James Street South Belfast BT2 8DN
## 02\03\2026
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## Testament Pentecostal Church
Trading and profit and loss account for the year ended 31 March 2025
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Notes|£|£|£|£|
|Income|2|
|Sales|319,091|116,454|
|Fees receivable|7,454|13,371|
|Other|sales income|267,467|200,327|
|594,012|330,152|
|Expenses|3|
|Wages and|salaries|153,201|106,168|
|Staff|pension costs|769|378|
|Staff training|-|23|
|Gifts|30,191|35,547|
|Cafe Purchases|58,046|56,674|
|Rates & Water|1,547|1,185|
|Children & Youth Work|6,949|5,843|
|Insurance|5,153|3,847|
|Mission Costs|17,060|11,461|
|Light and heat|11,893|11,002|
|Repairs|-|17 Main|Street|2,231|20,009|
|Repairs|-4|Harmony Way|624|559|
|Printing,|postage and|stationery|5,554|2,801|
|Telephone and fax|1,172|1,411|
|Computer costs|1,061|856|
|Minibus expenses|11,444|11,308|
|Catering|6,744|5,199|
|Legal and professional|fees|2,194|-|
|Consultancy|fees|29,184|26,784|
|Accountancy|2,585|360|
|Bank charges|316|297|
|Kitchen/cleaning|materials|1,329|L353|
|Sundry expenses|11,728|7,034|
|Subscriptions|1,442|1,232|
|Depreciation on freehold property|44,800|40,000|
|Depreciation|on FF & Equipment|3,332|4,198|
|Depreciation on motor vehicles|28|38|
|(410,577)|(355,567)|
|Net profit/(loss)|183,435|(25,415)|
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## Testament Pentecostal Church
|||Balance sheet|Balance sheet||||
|---|---|---|---|---|---|---|
|||as at31 March 2025|||||
||||2025||2024||
||Notes|£|£|=2||£|
|Fixed assets|||||||
|Tangibleassets|11||2,057,730|||1,865,154|
|Currentassets|||||||
|Cash atbankand inhand||29,102||39,042|||
|Currentliabilities (note3)|12||||||
|Othercreditors||1,838||4,862|||
|Accruals||2,225||-|||
|||4,063||4,862|||
|Netcurrentassets|||25,039|||34,180|
|Total assets less current|||||||
|liabilities|||2,082,769|||1,899,334|
|Capitalaccount|14||||||
|Broughtforward at 1 April2024|||1,899,334|||1,924,749|
|Profit/(loss)fortheyear|||183,435|||(25,415)|
||||2,082,769|||1,899,334|
Approved by the Board ofTrustees and authorised for issue on O2|3!BWlonng signed on its behalf by
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## Testament Pentecostal Church
## iF Accounting policies
## 1.1. Accounting convention
## Basis of preparation
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102".
- 1.2. Sales
Sales represents the total invoice value, excluding value added tax, of sales made during the year.
## 1.3. Tangible fixed assets and depreciation
- Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% Straight Line Fixtures, fittings and equipment - 25% Reducing balance Motor vehicles - 25% Reducing balance
|2.|Income - Charitable Activities|Unrestricted|Unrestricted|Restricted|2025|2024|
|---|---|---|---|---|---|---|
||||Funds|Funds|||
||||£|£|£|£|
||Sales||319,091|-|319,091|116,454|
||Fees receivable||7,454|-|7,454|13,371|
||Othersales income||233,881|-|233,881|200,327|
||||560,426|-|560,426|330,152|
|36|Expenditureon Charitable|Direct|Other|Support|2025|2024|
||Activities||||||
|||Costs|Costs|Costs|||
|||£|£|£|£|£|
||Expenditure oncharitable|376,991|-|-|376,991|355,567|
||activities||||||
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## Testament Pentecostal Church
|4,|Support Costs|Charitable|2025|2024|
|---|---|---|---|---|
|||Activities|||
|||£|£|£|
||Finance costs|2,585|2,585|360|
||Consultancy fees|29,184|29,184|26,784|
||Governance costs|2,194|2,194|-|
|||33,963|33,963|27,144|
|5.|Analysis ofSupport Costs||||
||||2025|2024|
||||£|£|
||Finance costs||2,585|360|
||Consultancy fees||29,184|26,784|
||Governance costs||2,194|-|
||||33,963|27,144|
|6.|Net Income||2025|2024|
||||s|£|
||NetIncome is stated after charging/(crediting):||||
||Depreciation oftangible assets||48,160|44,236|
||Auditors remuneration:||||
||-auditservices||2,225|-|
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## Testament Pentecostal Church
## 1 Employees and Remuneration
## Number of employees
The average number of persons employed (including executive trustees) during the financial year was as follows: 3
||2025|2024|
|---|---|---|
||Number|Number|
|Parttime equivalent|3|3|
|The staffcosts comprise:|2025|2024|
||£|£|
|Wages and salaries|133,400|121,141|
|Social security costs|3,211|1,462|
|Pension costs|769|1,353|
||137,380|123,956|
## 9. Employee Benefit
No employee received employee benefits of more than £60,000 during the year (2024:Nil).
## 10. Trustee Renumeration
As a Trustee Timothy Mcllwrath is provided with a stipend for services provided to the Charity. The amount of this stipend in the current year was £29,184 (2024: £26,784)
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## Testament Pentecostal Church
|11.|Tangible assets|Land and||||
|---|---|---|---|---|---|
|||buildings||Motor||
|||freehold|Equipment|vehicles|Total|
|||£|£|£|£|
||Cost|||||
||At 1 April2024|2,000,000|33,059|3,000|2,036,059|
||Additions|240,000|736|-|240,736|
||At31 March2025|2,240,000|33,795|3,000|2,276,795|
||Depreciation|||||
||At 1 April 2024|147,550|20,467|2,888|170,905|
||Charge fortheyear|44,800|33532)|28|48,160|
||At31 March2025|192,350|23,799|2,916|219,065|
||Net bookvalues|||||
||At31 March2025|2,047,650|9,996|84|2,057,730|
||At31 March2024|1,852,450|12,592|112|1,865,154|
|12.|Creditors|||2025|2024|
||Amounts fallingduewithin oneyear|||£|“a|
||Taxationand social security costs|||1,572|4,693|
||Other creditors|||266|169|
||Accruals and deferred income|||2,225|-|
|||||4,063|4,862|
## 13. Pension Costs - Defined Contribution
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £569 (2024 - £1,353).
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## Testament Pentecostal Church
|14.|Funds|||||
|---|---|---|---|---|---|
|14.1|ReconciliationOfMovements|||Unrestricte|Total|
|||||d||
|||||Funds|Funds|
|||||£|£|
||At 1 April 2023|||1,924,749|1,924,749|
||Movementduring the financial year|||(25,415)|(25,415)|
||At 31 March 2024|||1,899,334|1,899,334|
||Movement during the financial year|||183,435|183,435|
||At 31 March 2025|||2,082,769|2,082,769|
|14.3.|Analysis OfNet AssetsByFund|||||
|||Fixed|Current|Current|Total|
|||assets|assets|_ liabilities||
|||- charity use||||
|||£|£|£|£|
||Unrestricted general funds|2,057,730|29,102|(4,063)|2,082,769|
|||2,057,730|29,102|(4,063)|2,082,769|
## 15. Post-Balance Sheet Events
There have been no significant events affecting the Charity since the financial year-end.
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