Charity Number: 1034870 CHRIST GOSPEL CHURCH INTERNATIONAL INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CHRIST GOSPEL CHURCH INTERNATIONAL Reports and Accounts Contents Page Adminislralive De18i15 Independent Examinerfs reF)Ort Trustees Report Slalemenl of Financial Activities Balance Sheet Notes lo the Accounts
CHRIST GOSPEL CHURCH INTERNATIONAL ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES Board of Trustees Mrs Tolulope Omorere Emmanuel Obigba Vida Anyanwu James Obi Pamela Omorere Principal office address 28-32 Ellingfort Road Hackney London E8 3PA Accountants Nuama & Co Chartered Certified Accountants 102 Milcham Lane London SW16 6NR Bankers Barclays Bank pl¢ 22 The Mall Slratford London E151XJ
INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST GOSPEL CHURCH INTERNATIONAL I report on the 8ccounts Df GOSPEL RESTORATION CHURCH for the year ended 31 hllarch 2023, which are set out below.. Rèsp¢¢tive responslbilitles of trustees and oxamlnor As thè eharitls trustees you arè responsible for the prepafstion of the accounts, you considèr that the aL¢dit requirem8nt of section 439121 of thè charities Act 1993 Ith8 Act) does not apply. 11 is my responsibility lo state, on tha basis of procedur&s specrfied of the General Directions given by the Charity Cornmissioners given undèr 58Ction 43171 Ibl C>f thè Acts, whethor particular matters have come to my attention. Basi$ of Independent examInots report My axamination was carried out in 8c¢ord8nce with the General Dlrecb'(>ns given by the Charity commi8SK)ners. An examination includes the review ol awounling records kept by the charity and a eomparison Df the accounts presented with h05e records. It also indudes consideralion ol any unusual Itgms or disclosures in the accounts, and seeking explanations from you as trustees ¢on¢erning any such matters. The procedures undertaken do not provide all the eMdenc8 that will be required In an audit, and consequentty I do not express an audit opinion on the view givgn by the accounts. Independent examineVs statèment In connection with my examination, no matter has come to my attention.. 11 Whh 9ives me feasonable cause lo b¢ligve that in any material respect the ruIrementS of 'To keep accounting records in accordance wth section 41 of the Acts, and 'To prepare accounts which accord with the accountsng records and tts comply wth the accountin9 qUITe[entS ol the Act. Have not been met.. 21 To which, in my opinion, atttrnlion should drawn in order to enable a prtsper understanding rlf the accounts lo be reached. DATE. Ibl I |* >a- Nuama & Co Chartered Certrfied Accounts 102 Mitcham Lane London SW166NR
CHRIST GOSPEL CHURCH INTERNATIONAL Report of Trustees The trustees present their report and accounts for the year ended 31 March 2023 The Trustees have adopted the provisions of the Slalemenl of Recommended Practi ISORPI Accounting and Reporting by Charitie5 (Revised 20051 in pieparing the annual report and financial statements of the ¢harily. Objective ol the charity as laid down by th8 Trust Deed The Core objects of the chaiity continue lo be.. To establish churches, minisliies and community events To organise conventions, conferences and seminars To carry out missionary activrtie5 2nd To promote festiva15, celebrations and exhibitions. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS The slalement of financial activities is sel out on page 7 of the financial slalemenls. A snapshot of the financial results is set out below.. Income Generation The main Sour of income is from tithes, offerings and donations from members and from the gift aid system. Investment Policy Al present the Trusl*s have decided lo leave 811 surplus funds in the account with their principal bankers. Fundraising Activitie$ The charity relies solely on contribulions from f(s members and gift aid. The charty does not employ any professional fundraising bod$. Restricted Funds There are no restricted funds operated by the Charity. All funds are available for use at the discretion of the Trustees.
CHRIST GOSPEL CHURCH INTERNATIONAL Reseryes Policy The Trustees have decided to spend as much money as poBsible on furthering the core objects of the charity whilst maintaining suffiGient cash funds to ensure the sustainability of the charity. Review of charity activities The charity has continued lo undertake activities in line with rts objectives and has seen growth in giving lo its work. Governance and Internal Control Appoinlmenl of Trustees are done by the existing Trustees with consullalion of the view of the chLsreh members as lo Irustworthine5s of each person. Risk Assessment The Trustees consider the key operational, financial and 51ategic risks Ihal may have a bearino on the a¢livies of the Charity. Suitable management information is available lo the Trustees on a regular basis lo monitor these risks and allow any mrtigating adion lo be taken to address them. Trustèes, Responslbllities Charity law requires the Trustees to prepare financial statements for each financial year which give true and fair view of the slate of affairs of the charity and o* rts gfinancial activities for the yaer. In prepararing thoso financial statements, the Trustees are require to: 1 select surtable accounting policies and apply them consistanlly, 2 make judgements and estimates that are reasonable and prudent,. 3 slate whether applicable accounting standards and slemenls ol recommened praclie have been followed, subject to any departures disclosed and explained in the financial slalemenls.. 4 prepare the financial slalemenls on the going concern basis unless il is inappropriate to assume that thè ¢harily will continue in operation. The Trustees are reponsible for keeping accounting and financial records which disclose with reasonable accuracy al any lime the financial position of the charity and lo enable them lo ensure that the financial statements comploy with the Charities Acts 1993. They are also responsible for safeguading the assesls of the charity and hence for taking reasonable steps for the prevention and detection of fruad or other irregularities. The report was approved by the Board on the 30 June 2022 and signed on ils behave by MTS Tolulope Omorere Trustee Chairperson
CHRIST GOSPEL CHURCH INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES {INCOME AND EXPENDITURE ACCOUNTSI FOR THE YEAR ENDED 31 MARCH 2023 UNRESTRICTED FUNDS UNRESTRICTED FUNDS 2023 2022 NOTE INCOMING RESOURCES Tithes. gift aid and similar income resources 138.154 89,924 TOTAL INCOMING RESOUCES 138,1 $4 89,924 RESOURCES EXPENDED Charrtable activities Governance costs 90,167 41,855 65,556 11.346 TOTAL RESOURCES EXPENDED 132,022 76,902 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOMEIEXPENDITUREI FOR THE YEAR 6,132 13,022 TOTAL FUNDSAS AT 1 APRIL 2022 45,501 32.479 TOTAL FUNDS AS AT 31 MARCH 2023 51.633 45,501
CHRIST GOSPEL CHURCH INTERNATIONAL BALANCE SHEET AS AT 31 March 2023 Notes 2023 2022 FIXED ASSETS TANGIBLE FIXED ASSETS 2,000 3,000 3,000 CURRENT ASSETS Deposits and Cash 81 Bank 50,033 50,033 42,901 42,901 LIABILITIES Creditors.. Amounts lalling due within one year 4001 14001 Net current assets 49,633 42,501 TOTAL ASSETS LESS CURRENT LIABILITIES 51,633 45,501 CHARITY FUNDS Unreslricled fLJnds 51,633 45.501 TOTAL FUNDSIIDEFICITSI 51,633 45,501 We approvo these accounts which comprise the Receipts & Pay7nents, Statements of Assèts & Liabilities and related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis as set oul in note 1, and for providing 811 the information and explanations necessary lor their compilalK)n. Trustee Dated Trustea Dated On behalf of the Charity
CHRIST GOSPEL CHURCH INTERNATIONAL Profit And Loss Account For the year ended 31 March 2023 2023 2022 Income Gift aid Tithe & offerin9S Total income 19,402 118,752 18,959 70.965 138.154 89,924 Expenses Accountants fees Bookkeeping Books Depreciation Donations Honorarium Insuran Missions Motor expenses Music Rent Repairs & maintenance Slalionery and printing Sundry expenses Travel and subsistence Wages and salaries Welfare Total expenditure 400 200 2,505 1,000 15,100 7,057 400 200 1,850 1,000 6,588 6,105 1,144 8,845 336 5,442 14,644 97 5,388 4,358 4,882 10,456 5,167 9,099 12.000 20.500 4.450 5,126 7,105 40,25S 7.225 132,022 76,902 Surplusl{deficit) 6,132 13.022 Fund balance blfwd Fund balance clfwd 45,501 51,633 32,479 45,501
CHRIST GOSPEL CHURCH INTERNATIONAL Notes to the financial statements for the year ended 31 March 2023 1 TANGIBLE FIXED ASSETS Furnitue. fitting and equipment Total 2 COST At 1 April 2022 Additions 5,000 5,000 As 31 March 2023 5,000 5.000 DEPRECIATION Al 1 April 2022 Charge for the year 2,000 1,000 2,000 1.000 As 31 March 2023 3,000 3,000 NET BOOK VALUE As 31 March 2023 2,000 2,000 As 31 March 2022 4,000 4,000 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED RESOURCES EXPENDED FORWARD Unrestricted funds General funds 45,501 45,501 6,132 51,633 138,154 138,154 (132,022) 132,0221 45,501
CHRIST GOSPEL CHURCH INTERNATIONAL Notes to the Accounts forthe yearended 31 Mah 2023 1 ACCOUNTING POLICIES Basis of accounting The Iinancial slatetemenls arè prepare(J in accordOn with appluble accounb'ng standards using the Historical Cost Convention. The financial 5t8teternents refiect the requirements of the reviseu Statement of Recornmended Praclice"Aceounting for Charities. ISORPI. The Charity complied with best practice at the time of preparing these accounts. Tan9lble Fixed A55ets All fixed as58t$ are capilalised. The charge for depreciation is calculated to wriie off thè cost ol the fixed assets over th•r useful lives on the following bases". Equipment 20% on the reduong balan Motor Vehides 25V¢ on the reducing balance GENERAL These Accounts have been prepad on the reiptS and payments basis and in aecordance with appIablE Accounting Standards and the Charitable SORP Istatemenl of Recomrnended Pracbce on A¢counting by Chariliesl. Incom• Income is accounted lor on accru8ls basis, exc8Pt for donations, which a credited when Ce1ved These represents gifts. donats"ons, tithes. Offeng5. pledges, Gift Aid and bank interest given to the Charity (Juring the year. 2 Charitable Donations & Gfjfts to Missions These represent amount5 given lo various individuals, organisats'ons arKJ other charitablè trusts. Honorarium to wsiting speakers and r8rnittans foi missionary work Exp6ndllure All expenditure is accounted for on an 8ccruals basis. Resour$ expended on chari13ble activities comprise all the resour¢e$ applied by the ¢harity in underkating its work to tneel ils charitable objectives. These costs includè the direct costs of the charitable activities with those 5UPPOrt costs incurred that enable these activitie5 to be undertaken. Eypend5ture on govemance costs are the costs incurt8d by the charity to operate and to generate the infomiation r8quirÈd for public accountability Funds The charivs funds are unrestricted and a available lor use al the discretion of the Board ol Trustees. Board of Trustees Remuneration and expenses No remuneration directly or Indirectty was paid or payable out of the fund5 to any of the Trustees for their duties as trustees. 10