# **GOSPEL LIGHT INTERNATIONAL CHURCH**
# **REGISTERED CHARITY NO: 1019747**
**TRUSTEE’S ANNUAL REPORT AND FINANCIAL STATEMENT**
**For the Year Ended**
**31[st] DECEMBER 2020**
## **GOSPEL LIGHT INTERNATIONAL CHURCH**
## **CONTENTS**
**Page Trustees’ Report 2 - 3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes to the Financial Statements 7**
## **GOSPEL LIGHT INTERNATIONAL CHURCH**
## **TRUSTEES’ ANNUAL REPORT**
## **For the Year Ended 31[ST] December 2020**
The trustees have pleasure in presenting their report together with the financial statements and the Independent Examiner’s report for the year ended 31[st] December 2020 **.**
## **REFERENCE & ADMINISTRATIVE INFORMATION:**
## **Registered Charity Name**
Gospel Light International Church
## **Registered Charity No**
1019747
## **Registered Office**
1a Copeland Road, Walthamstow, London E17 9DB
## **Trustees**
Mrs Joyce Aboagye Mr Nathaniel Boateng Rev. Isaac Denkyirah Apostle Frank Duodu Appiah Rev. Joseph Ampiah
## **Independent Examiner**
Marc Three Ltd Chartered Certified Accountant 25 Rowallan Court
Cumberland Place
Catford
SE6 1LB
## **GOSPEL LIGHT INTERNATIONAL CHURCH**
## **STRUCTURE, GOVERNANCE & MANAGEMENT**
## **Constitution**
The charity is governed by its governing document, a deed of trust and constitution and constitutes an unincorporated charity. The charity was granted charitable status by the Charity Commission for England and Wales on 6[th] April 1993.
## **Appointment of Trustees**
Trustees are appointed by not less than three board members. Newly appointed trustees to the charity are provided with the necessary documents and training required. The trustees are responsible for the strategic direction and governance of the charity. Membership of the Charity is open to all the residents of the community and the general public.
## **Objectives**
The charity’s objectives are summarised below:
- a) The advancement of the Christian religion based on the teachings of Jesus Christ by propagating his message of hope and love to all nations
- b) The advancement of education in Christian doctrines by providing or assisting in the provision of training courses for pastors and church workers
- c) The relief of poverty and sickness
- d) The provision or assisting in the provision of facilities for recreation or other leisuretime occupation for the general public with the object of improving the conditions of life of such people
## **Risk Management**
The trustees have a duty to identify, review the risk the charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by the board and signed on its behalf by:
Rev. Isaac Denkyirah
Date: _31[st] March 2021_
## **GOSPEL LIGHT INTERNATIONAL CHURCH**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 31[st] DECEMBER 2020**
**Respective responsibilities** The charity's trustees are responsible for the preparation of the accounts. **of trustees and examiner** The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
**Basis of independent examiner’s statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's** In connection with my examination, no matter has come to my attention **statement**
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Singed Date:** 25/10/2021 Marc Three Ltd Chartered Certified Accountant 25 Rowallan Court, Cumberland Place Kent. ME7 2EB
## **GOSPEL LIGHT INTERNATIONAL CHURCH**
## **STATEMENT OF RECEIPTS AND PAYMENTS – FOR THE YEAR ENDED 31[st] DECEMBER 2020**
|**Receipts**
Voluntary Receipts
Investment Income
**Total Receipts**
**Payments**
Cost of Charitable Activities
Governance Costs
**Total Payments**
**Surplus/(Deficit) for the year**
Transfers between funds
**Surplus/(Deficit) for the year**|**Notes**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**Total**
**Funds**
**2019**
**Total**
**Funds**|
|---|---|---|
||**2**
**3**
**4**
**5**|**£**
**£**
**£**
**£**
106,637
-
**106,637**
**84,219**
895
-
**895**
**940**
-|
|||107,532
-
**107,532**
**85,159**|
|||48,543
-
**48,543**
**69,536**
950
-
**950**
**1,100**
-|
|||49,493
-
**49,493**
**70,636**|
|||58,040
-
**58,040**
**14,523**
-
**-**
**-**|
|||**58,040**
**-**
**58,040**
**14,523**|
## **STATEMENT OF BALANCES – AS AT 31[st] DECEMBER 2020**
|**Funds Reconciliation**
Cash at Bank & In Hand - 31/12/2019
Surplus/(Deficit) for year
**Cash at Bank & In Hand -**
**31/12/2020**
**Bank & Cash Balances**
Bank Deposit Account
Bank Current Account
**Other Assets**
Equipment & Instruments
(Estimated Cost)
Computers (Estimated Cost)
Furniture & Fittings (Estimated Cost)
**Liabilities**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**Total**
**Funds**
**2019**
**Total**
**Funds**
**£**
**£**
**£**
**£**|
|---|---|
||107,470
-
**107,470**
**92,947**
58,040
-
**58,040**
**14,523**|
||165,510
-
**165,510**
**107,470**|
||126,560
-
**126,560**
**102,805**
38,950
-
**38,950**
**4,665**|
||165,510
-
**165,510**
**107,470**|
||1,312
-
**1,312**
**1,458**
656
-
**656**
**729**
525
-
**525**
**583**|
||2,493
-
**2,493**
**2,770**|
|||
||-
-
-
-|
The Financial Statements were approved by the board of trustees on _31[st] March 2021_ and signed on its behalf by:
Rev. Isaac Denkyirah
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] DECEMBER 2020.**
- **1** The accounts have been prepared in accordance with the Church Accounting Regulation 2006 using the Receipts and Payments basis.
|**2**
**Voluntary Receipts:**
Tithes, Offering & Other
Donations
**3**
**Investment Income:**
Deposit Account Interest
**4**
**Cost of Charitable Activities**
Pastoral
Rent
Business Rate
General Admin
Visiting Clergy
Welfare
Building Fund*
**5**
**Governance Costs**
Consultancy Fees & Account
Admin|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**Total**
**Funds**
**2019**
**Total**
**Funds**
**£**
**£**
**£**
**£**
106,637
-
**106,637**
**84,219**
895
-
**895**
**940**
16,060
-
**16,060**
**16,610**
21,789
-
**21,789**
**23,915**
797
-
**797**
**774**
7,167
-
**7,167**
**22,981**
150
-
**150**
**5,255**
2,580
-
**2,580**
-
-
-
-
-
48,543
-
**45,963**
**69,536**
950
-
**950**
**1,100**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2020**
**Total**
**Funds**
**2019**
**Total**
**Funds**
**£**
**£**
**£**
**£**
106,637
-
**106,637**
**84,219**
895
-
**895**
**940**
16,060
-
**16,060**
**16,610**
21,789
-
**21,789**
**23,915**
797
-
**797**
**774**
7,167
-
**7,167**
**22,981**
150
-
**150**
**5,255**
2,580
-
**2,580**
-
-
-
-
-
48,543
-
**45,963**
**69,536**
950
-
**950**
**1,100**|
|---|---|---|
||||
||||
||||
||||
||||
|||48,543
-
**45,963**
**69,536**|
||||
|||950
-
**950**
**1,100**|