GOSPEL LIGHT INTERNATIONAL CHURCH REGISTERED CHARITY NO: 1019747 TRUSTEE:S ANNUAL REPORT AND FINANCIAL sfATEMENT For the Year Ended 31" DECEMBER 2023 GOSPEL LIGFtr INT.ERNATIONAL CHURCH CONTENTS Page Trustee< Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the.financial Statements GOSPEL LIGTrtr INTERNATIONAL CHURCH TRUSTEES. ANNUAL REPORT For the Year Ended 31 December 2023 The trustees have pleasure in presenting their report together with the financial statements and the Independent Examinerfs report for the year ended 31 D.ecember 2023. REFERENCE & ADMINisfRATIVE INFORMATION: Registered Charity Name Gospel Light International Church Registered Charity No 1019747 Registered Office la Copeland Road. Waltharnstow, London E17 9DB Trustees Bishop Frank Duodu Appiah Apostlelsaac Denkyirah Ap05tle Joseph Ampiah Elder Mrs joy￿. Aboagye Pastor Daniel Dapaah Independent Examiner Marc Three Ltd Chartered Certified Accountant 25 Rowallan Court Cumberland Place Catford SE6 ILB 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 chartty was granted charitsble status by the th Charity Commission for England and Wales on 6 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 gover.nance of the charity. Membership of the Charity is open to all the residents of the communityand the general public. Objectives The chariws objectives aresummarised 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 doctr.ines by providing or assisting in the provision.of training courses for pastors and churc-h workers c) The relief. of poverty and sickness d) The provision or assisting in the provision of facilities f.or recr.eation or other leisure- time occupation forthe general public wtth the object of improving the conditions of life of such.people Risk Management The trustees have a duty to identify, review the riskthe charity is exposed to and to ensure appropriate controls are in place to provide reasonable assurance 3gainst fraud and error. Reserve Policy The trustees have instituted a Reserve Policy for the charity which specifies the holding of funds in DeposttAccount equivalent to a minimum of 6 month< expenditure/ running cost. Approved by the board and signed on its behalf by: Apostle15aac Denkyirah Date: 31" March 2024 GOSPEL LIGHT INTERNATIONAL CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31" DECEMBER 2023 Respective responsibilities The.charity's trustees are responsible for the preparation of the accounts. of trustees and examiner The chariWs trustees consider thatan audit is not required for this year ndersection 144 of the Charitie5 Act 2011 (the Chartties Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities ACL to follow the procedure>laid down in the general Directions given by the Charity Commission (under sertion 145(5)(b) of thecharities Act, and to state whether particular matters havecometo m.y attention. Basis of independent examinerfs statement My examination wa5 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 compari50n of the accounts presented with those records. It also includes consideration of any unusual i ems or disclosures in the accounts andseeking 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 asto whetherthe accounts present a 'true and fairf view and the report is limited to those matters set.out in the statement below. Independent examiner's statement IN connection with my examination, no matter has come to my attention l. which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordan￿ with section 130 of the Charities ACL; and to.prepare accounts which accor.d 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 Marc Three Ltd Chartered Certified Accountant 25 Rowallan Court, CL(mber.land Pla Kent. ME7 2EB Date: GOSPEL UGHT INTERNATIONAL CHURCH STATEMENT OF RECEIPTS AND PAYMEKfs- FOR THE YEAR ENDED 31st DECEMBER 2023 2023 Fund5 Total Funds 2022 Total Funds Funds Receipts Voluntary R￿ipts 143,317 143317 112,105 Investment Inconie 367 367 Total Recew)ts 143,684 112,293 Pawnents C05t of charitableActs¥ities 101554 105,461 Governan￿ Costs 3.325 3.325 570 105059 106,031 SurplusllDefidt)forthe year Transfers betweenfund5. 37￿25 37￿25 6,26Z SUrp1￿(Defic￿I fortheTear 37￿25 37AZ5 6.262 sTATEmE￿r OF BALANCES-AS AT 315t DECEMBER 2023 Unrestricted 2022 Total Funds Funds Totsl Funds Funds Reconaktion Cash at Bank"& In HarKI- 3V1212022 SurptusllDeficitl foryear 16,410 16AIO 37,815 6,26Z Cash atBank & In Hand- 3y1212023 54,235 54235 16,410 Bank & Cash Batance5 Bank DepositAccount Bank CurrentAc(.ount. 50,412 5V 11,224 3,823 3￿3 5,186 16,410 ChurdT Bullding Equlpment & In5trtsments (Eslimated Costl Computers IE5timated Cost) Furnitu￿ &.Fittings (Wtmated Costl 541,902 20,311 541,902 16,046 3,138 1,931 1383 425 560,305 LEabllities Kinsdom Bank"" Mortgage 360,137 The Financial Statements were approved by the board of trustees on 31-Morch 2024 and signed on its behalf by.. Apostle Isaac Denkyirah NOTES TO THE FINANCIALSTATEMENrs FOR THE YEAR ENDED 31" DECEMBER 2023 l The accounts have been prepared in accordance with the Church Accounting Re&ulation 2006 using the Re￿Ipts and Payrnents basis and in line with the Statement of Recommended Practice (SORP) applicable to charities. 202a F4M%ls Total Fund5 2022 Totsl Funds Funds 2 VO￿ntary Receipts.. rrthes. Offerfng&.Other Donatior 143.317. 143317 106,440 3 Irn*e5b￿rt Income: Deposit A¢tt)unt Interest 188 Pastoral 21.254 18,160 Mission5 Z.260 IZ60 maintenan￿ &.Repairs General.Adtnin 47,288 Energy..Water & Instsran In House aergy &:Sundry Expense Isilngcler Welfare 7.185 2.357 4,100 13(K) 2,200 Past(Y5'ApprecÉation 2,1(h) 46566 26,509 Ordinat-ton 2335 ioz 98,257 Con5ultanLry Fees & AccouDtAdwdn 570