The New Testament Gospel Church Charity No 1023232 Report & Financial Statements 31st March 2025 Coker Isah & Co. Chartered Certified Accountants The New Testament Gospel Church Charity No 1023232 tNDEX Page Charity details Trustees, Reports Independent Bxawiners Report ststell￿nt of Financial Activities Balauce Sheet Notes to Financid Activities Detailed Statem4nt of Financial Activities Appendix Page 1 The New Testament Gospel Church Charity Details Charity No 1023232 MANAGEMENT COMMIThEES Trustees Paschal Oribhabor Hannah Ronke Masade Dr Mike Masade Secretary Hannah Ronke Masade Charity Nunttber 1023232 Registered Office la Liffler Plumsted London SE18 1AU Aocountant$ Coker Isah & Co. Chartered Certified Accountants 74 Church Road Crystal Palace London SE19 2EZ Place of Wq)rship 1 a Liffler Plumsted London SE18 1AU Bankers Barclays Bank PIC Clapham, Junction Branch P O Box 3847 Londopn SW111TR Page 2 The New Testament Gospel Church TRUSTEES, REPORT for the year ended 31 March 2025 The trustees pr8sent thelr report together with the financial statements of the charity for the year ended 31 Dec 2025The financial statements have been prepared In accordanc8 with the accounting policles set out on page 7 and comply with the charitys trust deed and applicable law. Trustees The trustees named on page 1 have served Ihroughout the year. Appointment of tnjstees is govemed by the Trust Deed of the charity- The Board of tNstees is aulhorised to appoint new trustees to fill vacancies arislng through reslgnatlon or death of an exlstlng trust&e. Investments powers The Trust Deed aulhorlses the trustees to make and hold investments using the general funds of the charlty. but no such Investm8nts are pres8nlly held. Constltutlon, obJoct$ and pollclas The prlnclpal activity of the organlzatlon was that of providlng advancement of Christian faith The pollcy of the charitable Trust ¢ontlnu85 to be to seek additlonal donations to contlnue to run the organisatlon The tnjstees take the day responslblllty for runnlng th8 charfty. Davélopm•nt, actlvltlos and achlevements The trusteos conslder that the p8rforniance of the charity thls year has been most satlsfactory and the average number of members has increased once again this year. Flnanclal revlew Funds available are sufficlent lo permit the Trust to conllnu8 in opemtlon In the medium term, glven the continued support of the members. Should this support not contlnue In tha longer temi, furth8r flnanclal support would need to b8 sought to r8pla¢e IL Rlsk Management The Irustees actively r8v18W the major rlsk whlch the charlty faces on a regular basls and belleve that malntalning r6s8Nes at current levels, comblned wlth an annual revlew of the controls over kgy flnanclal systems, will provide sufficient resources In the 8vent of adverse conditlons. The trustees have also examlned other operational and busin8ss risks faced by the charity and confirm that they have eslablishgd systems to mltlgate the slgnlflcant risks. Page 3 The New Testament Gospel Church Charity No 1023232 TRUSTEES, REPORT for the year ended 31 March 2025 Future Developments The charity's activities has increased during the year under review. The trustees are seeking to extend the charity's activities and are pursuing a number of activities to enable this to happan Res8rve policy It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year. statement of trustees. responslbllltles Law applicable to charities in England Wales requires the trustees to prepare financial stat8m8nts for each financial year which give a true and fair view of the charity's financial activities durlng the year and of its financial position at the end of the year. In preparing those flnanclal statements, the trustees are required to: a) Select suitable accounting policies and apply them consist8ntly' b) make judgments and estlmates that are reasonable and prudent. c) state whether applicable accounting standards and statements of recommended practlce have been followed, subject to any departures disclosed and explained in the financial statements., d) prepare the fin8nclal statements on a golng concern basis unless it is Inappropriate to presume that th8 charity WIIS continue in operation. Tha trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the flnanclal statements comply with the charitles Act 2011 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. Approval Thls project was approved by the trustees on 2010912025 and signed on their behalf signed,. Hannah Ronke Masade Trusteo Page 4 The New Testament Gospel Church Independent Examiner's Report on the Accounts (CC65)(b) (Accrual) Report the tnjstees and members of The New Testament Gospel Church Charity No 1023232 The accounts for the year ended 31 March 2025 S6t out in pages Respective responsibilities of the trustees and examiner The trustees are responslble for the preparation of Ihe accounts, you consider that an audlt Is not requlred under s8Ctlon 144 of the charities 2011 (thg act) and does not apply, and thal Independent examinatlon is n88d6d It Is my responslblllty to examln8 the accounts under section 145 of the Charft18s Act lo follow the procedure laid down in the General Dlr8ctions given by the Charity Commlsslon8rs under s8Ction 145 (5) (b) of the Act and to statè wh8ther partlcular matters have com8 to my attentlon Basis of independent 8xamin6Vs report My examlnatlon was carrled out In accordanc8 With the General Dlr8Ctlons given by the Charlty Commlssloners . An examlnatlon Includ88 8 rgvlew of the accountlng records kept by the charity and a comparison of the accounts presented wlth those records .It also Includ8s consideratlon of any unusual Items or di5closur8s In the accounts and , s88king explanation from you as trustees concemlng any such matters. The procedur8s undertaken not provlde all the evldence that would be requlred In an audlt and consequently I do not 8xpress an audit opinion on the view glven by th6 accounts. Independent examinerfs statement In connectlon wlth my 8xamlnation ,no matter has come to my attentlon (1) whlch glv6 mg reasonable cause to believe that in any malerial In respect tha requlrem8nts to k88p accounting records in accordance wth sectlon 130 of th8 Charitl8s Act and to prepare accounts accordance with the accounting r8cords and to comply with th6 accounllng requirement of the Act have not been met. (2) to whlch, In my opinion ,attentlon should be drawn in order to enable a proper understanding of the accounts to be re James Cfyke Signed MBA FCCA Relevant quallficatlons Address Coker Isah & Co. Chartered Certified Accountants 74 Church Road London SE19 2EZ Dated 20 109 12025 Page 5 The New Testament Gospel Church Statement of Financial Activities For the year ended 31 March 2025 Incoming & Expenditure Income: Unrestricted Fund Unrestricted Fund 2024 2025 Voluntary Sources- Donation Otherr Income- 62558 9733 55766 4608 TOTAL INCOME 72291 60374 Direct Charitable Expenditure: Direct Charitable Expenditure: Management & Administration Exp8nditL 59120 6356 63041 3691 TOTAL EXPENDITURE 65476 66732 Net Incomel ( Expenditure) 6815 -6358 Fund Balance BIF 26824 33182 Fund Balance CIF 33639 26824 The notes on page 6 form part of these accounts page 6 The New Testament Gospel Church Charity No 1023232 Balance Sheet 31 st March 2025 2025 2024 FIXED ASSETS 174,133 174,596 CURRENT ASSETS Debtors Bank & cash 690 690 4,690 4,690 CREDITORS Amounts falling due within one year Accrual & deferred income 111,200 111,200 122,478 122,478 Net Current Liabilities -110.510 -117,788 63,623 56,808 CREDITORS Amount falllng due after mor8 than on8 year Bank Loan 27,829 27,829 TOTAL ASSETS LESS CURRENT LIABILITIES 35,794 28,979 ACCUMULATED FUND Retained Surplus Brought FoNard 28,979 35,337 Surplus for the year 6,815 -6,358 Retained Surplus Carried FoNard 35,794 Approved on 20 109 1 2025 and singed on behalf of the Trustees By signed signed Hannah Ronke Trustee Member Pasch81 Oribhabor Trustee Member asade Page 7 The New Testament Gospel Church Notes to the Financial Statements 31st March 2025 Accounting policies 1.1 Accounting Gonvéntlon The financlal slalements are prepared under hlstorical cost conventton and In accordance wllh The Flnancial Raportlng Standard for Smaller Entitles IFRSSE) {8ffectlve Jan 200518nd slat8ment of Recommended Practl¢e {SORP 2005) ,and wlth the Charity AGts 2011 1.2 Incomlng Resourcos The Income represent the total donation and Income Tax Clalmed excludlng Value Added Tax , rgG&lvable during the year 1.3 Dèprèclatlon D8preciation Is provlded on tanglble Flxed Assets at rate calculated to wdte off the cost les8 r8sldual value of each assets over Ils expected useful Ilf8 as follows:_ Flxture fittlng and 8qulpment 25Yo reduclng balance basls 1.4 Donatlon Donation rec8lvable are credit8d to the Statement of FinanGlal Acllvltles (SOFA)) in tha y88r for the year whlch they ar8 rgcelved. 1.5 Resources Expandod Resources Expended are Included In th8 Ststement of FlnanGlal A¢tlvltle8 (SOFA) on an accrual bas18 Inclusive of VAT 1.6 UnroStrlct•d Funds Unr8StriGled Funds are donations and other Incomlng resources received or generatsd for the Charitable purpose$ 1.8 R•8trlcted Funds ReslriG18d Funds are funds received whlch can only be used for the speclfi¢ purpose a8 lald out by the donor Expendllure whlch meets thls criterion Is Identifled to the fund, together with a falr allocallon of overheads costs. Durlng th& year there are no r8slrlcted fund. Income The total Incoma of the org8nlzatlon for thg year has bean derlved from Ils prlncipal actlvlty wholly undertaken In thè UK Op¢ratlng $urplu8 Operating surplus is stat8d after charglng Depreciation of tanglble assets 2025 2024 463 618 page 8 The New Testament Gospel Church Notes to the Financial Statements Fixed Assets Freehold Land Fixture Flttlngs equipment Total Cost 01-Apr-24 172,743 12,265 185,008 Additions Dlsposal 31-Mar-25 172,743 12,265 185,008 Depreciation 01.Apr-24 10,412 10,412 Disposal Charge for the year 483 463 31-Mar-25 10,875 10,875 Net Book Valu6S 31.Mar-25 172,743 174,133 31.Mar-24 172743 1,853 174,596 Cr8ditors amaunt falllng due within one year 2,025 2,024 Bank Od Loan Inland Revenue Creditor and accrual f,000 91,565 17,485 1,150 107,289 14,239 950 111,200 122,478 Summary of 4ssets by Fund Unrastricted fwnds 35,794 26,824 Restricted Fund Total 35,794 26,824 Trustees Rerfjuneralion Only one of ttp trustee15 under PAYE System Appendlx The New Testament Gospel Church statement of Financial Activities For the year ended 31 March 2025 Incoming & Expenditure UnrestrfGled Unreslricled Fund Fund Income: 2025 2024 Voluntary Sources- Donation Gift Aid 62558 9733 55766 4608 TOTAL INCOME 72291 60374 Direct Charltable Expendituro: Wages, salaries & NIC Office Expenses Oversea development 35804 38635 303 570 376 Rates Entertainment & Conv8ntions Insurance Computer consumables Light & heat 154 3397 1519 324 2629 372 3813 1211 201 2111 R8palr & maintenance Cleanlng Printing postag8 and stationery Advertlslng 1116 170 1022 172 2428 191 868 141 Telephone Traveling & entertainment Loan interest Subcreptlon 1528 1285 9624 1896 379 9624 298 63041 59120 Management & Administration Exp8nditure Legal and professional Accountsncy Bank charges 2192 1000 873 460 800 805 General expenses Charitable donation Depreclatlon on FF and equipment 268 1560 463 158 850 618 6356 3691 TOTAL EXPENDITURE 65476 66732 Net movement in funds for the year 6815 -6358 Fund Balance BF 28979 35337 Fund balbce cf 35794 28979