GOSPEL LIGHT INTERNATIONAL CHURCH
REGISTERED CHARITY NO: 1019747
TRUSTEE’S ANNUAL REPORT AND FINANCIAL STATEMENT
For the Year Ended
31[st] DECEMBER 2022
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 2022
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 2022 .
REFERENCE & ADMINISTRATIVE INFORMATION:
Registered Charity Name
Gospel Light International Church
Registered Charity No
1019747
Registered Office
1a Copeland Road, Walthamstow, London E17 9DB
Trustees
Apostle Frank Duodu Appiah Rev. Isaac Denkyirah Rev. Joseph Ampiah Elder Mrs Joyce Aboagye Pastor Daniel Dapaah
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:
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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
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b) The advancement of education in Christian doctrines by providing or assisting in the provision of training courses for pastors and church workers
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c) The relief of poverty and sickness
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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.
Reserve Policy
The trustees have instituted a Reserve Policy for the charity which specifies the holding of funds in Deposit Account equivalent to a minimum of 6 months’ expenditure/ running cost.
Approved by the board and signed on its behalf by:
Rev. Isaac Denkyirah
Date: 31[st] March 2023
GOSPEL LIGHT INTERNATIONAL CHURCH
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31[st] DECEMBER 2022
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:
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examine the accounts under section 145 of the Charities Act,
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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
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
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.
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Singed Date: 25/10/2023 Marc Three Ltd Chartered Certified Accountant 125 Sunnymead Avenue, Gillingham Kent. ME7 2EB
GOSPEL LIGHT INTERNATIONAL CHURCH
STATEMENT OF RECEIPTS AND PAYMENTS – FOR THE YEAR ENDED 31[st] DECEMBER 2022
| 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 2022 Total Funds 2021 Total Funds |
|---|---|---|
| 2 3 4 5 |
£ £ £ £ 112,105 - 112,105 106,440 188 - 188 215 - |
|
| 112,293 - 112,293 106,655 |
||
| 105,461 - 105,461 253,397 570 - 570 8,620 - |
||
| 106,031 - 106,031 262,017 |
||
| 6,262 - 6,262 155,362 - - - - |
||
| 6,262 - 6,262 155,362 |
STATEMENT OF BALANCES – AS AT 31[st] DECEMBER 2022
| Funds Reconciliation Cash at Bank & In Hand - 31/12/2021 Surplus/(Deficit) for year Cash at Bank & In Hand - 31/12/2022 Bank & Cash Balances Bank Deposit Account Bank Current Account Other Assets Church Building Equipment & Instruments (Estimated Cost) Computers (Estimated Cost) Furniture & Fittings (Estimated Cost) Liabilities Kingdom Bank - Mortgage |
Unrestricted Funds Restricted Funds 2022 Total Funds 2021 Total Funds £ £ £ £ |
|---|---|
| 10,148 - 10,148 165,510 6,262 - 6,262 155,362 |
|
| 16,410 - 16,410 10,148 |
|
| 11,224 - 11,224 3,404 5,186 - 5,186 6,745 |
|
| 16,410 - 16,410 10,148 |
|
| 541,902 - 541,902 541,902.00 16,046 - 16,046 5,051 1,931 - 1,931 590 425 - 425 472 |
|
| 560,305 - 560,305 548,016 |
|
| 348,491 - 348,491 360,137 |
The Financial Statements were approved by the board of trustees on 31[st] March 2022 and signed on its behalf by:
Rev. Isaac Denkyirah
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] DECEMBER 2022
- 1 The accounts have been prepared in accordance with the Church Accounting Regulation 2006 using the Receipts and Payments basis.
| NOTES 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 Property Valuation Mortgage Repayment Architect/ Structural Engineers Deposit - Building Purchase 5 Governance Costs Consultancy Fees & Account Admin |
Unrestricted Funds Restricted Funds 2022 Total Funds 2021 Total Funds £ £ £ £ 112,105 - 112,105 106,440 188 - 188 215 18,160 -18,160 16,818 - -- 3,500 - -- 159 47,288 -47,288 19,968 4,100 -4,100 - 2,200 -2,200 2,985 - - 28,203 26,509 26,509 14,863 7,204 - - 166,902 105,461 - 98,257 253,397 570 - 570 8,620 |
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