Charity Number: 1034870 CHRIST GOSPEL CHURCH INTERNATIONAL INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHRIST GOSPEL CHURCH INTERNATIONAL Reports and Accounts Contents Page Administrative Details Independent Examiner's report Trustees Report Statement of Financial Activilies Balance Sheet Notes to the Accounts CHRIST GOSPEL CHURCH INTERNATIONAL ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES Board of Trustees Mrs Tolulope Omorere Mr Joseph Omorere Mr John Adama Principal office address 28-32 Ellingfort Road Hackney London E8 3PA Accountants Nuama & Co Chartered Certified Accountants 102 Mitcham Lane London SW16 6NR Bankers Barclays Bank plc 22 The Mall Stralford London E15 1XJ IYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST GOSPEL CHURCH INTERNATIONAL I reiiort on the accounts of GOSPEL RESTORATION CHURCH for the year ended 31 March 2025, which are sel out below.. Respéctive responsibilities of trustees and examiner 45 Ihe Lharily's Iruslees you are responsible for the preparation of the accounts, you consider that the audit requirement Df seLliun 439121 of the charities Aol 1993 Ilhe Act) does not apply. 11 is my responsibility lo slate, on the basis of procedijrps iperified of the uenei.al Direclionb given by the Charity Commissioners given under section 43(71 Ibl of the Acts, whether particular mallers have come lo my allenlion. Basis of Independent examinerfs report ly examination was carried out in accordance with the General Oireclions given by the Charity commissioners. Ali exaiminalion includes the review of accounting records kept by the charity and a comparison of the accounts presented with. h05e records. 11 also includes conoideration of any unuSLJal items or disclosures in the accoLJnls, and seeking explanations from you as Iruslees concerning any such mallers. The procpdures undertaken do not provide all the evidence Ihal will be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come lo my allenlion.. 1) Which gives me reasonable cause lo believe that in any material respect the requirements of 'To keep accounting records in accordance with section 41 of the Acts, and "To prepare accounts which accord with the accounting records and lo comply with the accounting requirements of the Act. Have not been mel.. 2) To which, in my opinion, attention should drawn in order lo enable a proper understanding of the accounts lo be reached. DATE.. P Nuama & C Chartered Certified Accounts 102 Milcham Lane London SW16 6NR *l,,I CHRIST GOSPEL CHURCH INTERNATIONAL Report of Trustees The trustees present their report and accounls for the year ended 31 March 2025 The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities (Revised 2005) in preparing the annual report and financial statements of the charity. Objective of the charity as laid down by the Trust Deed The Core objects of the charity continue lo be: To establish churches, ministries and community events To organise conventions. conferences and seminars To carry out missionary activities and To promote festivals, celebrations and exhibitions. REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS The statement of financial activities is sel out on page 7 of the financial statements. A snapshot of the financial results is set oul below.. Income Generation The main source of income is from tithes, offerings and donations from members and from the gift aid system. Investment Policy At present the Trustees have decided to leave all surplus funds in the account with their prtncipal bankers. Fundraising Activities The charity relies solely on contributions from its members and gifl aid. The charity does not employ any professional fundraising bodies. Restricted Fund5 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 Reserves Policy The Trusteos have decided to spend as much money as possible on furthering the core objects of the charity whilst mainiaining sufficient Cash funds to ensure the sustsinability of the chartty. R&vlew of charlty activltles The charity has continued to undertake actlvities in line with Ils objectives and has seen growth in 95ving to its Work. Governance and Internal Control Appointment of Trustees 8r8 done by the exlstlng Trustees with consullatlon of the vlew of Ihe church members as to trustworthiness of each p8rson. Rlsk Assessment Th& Trustees consider the key operatlonal, financial and stateglc rlsks that may have a bearing on the actlvles of Ihe charity. Sultable management information Is available lo the Trustees on a regular basls to monitor these rlsks and allow any mltigaling acllon lo be taken lo address them. Trustees, Responslbllltles Charity law requires the Trustees to prepare financial statoments for each financial year which glve true and fair view of the state of affairs of the charity and of its gfinancl81 acliviti8s for the yaer, In prepararlng those flnanclal slatements, the Trustees are requlre to: 1 select suitable a¢counlir)g pollcles and apply them consislantly; 2 make judgements and estimates that are reasonable and prudent., 3 state whether applicable accounting standards and stements of recommened practice have been followed, subjecl to any departures disclosed and explaSned in the financial stalemenls.. 4 prepare the financlal statements on the going concern basls unless it 15 inappropriate to assume that the charity will conlinue in operation. Th8 Trustees are r8ponsible for keeping accounting and financial records which disclose with reasonable accuracy at any time the financi81 position of the charlty and lo enable them to ensure that the financial statements comploy with the Charities Acts 1993. They are also responsible for safeguading the assests of the charity and hence for taking reasonable steps for the preventlon and detectlon of fruad or other irregLElarilles. The report was approved by the Board on the 30 June 2025 and signed on its b8hav8 by Mrs Tolulope Omorere Trustee Chairperson CHRIST GOSPEL CHURCH INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 31 MARCH 2025 UNRESTRICTED FUNDS UNRESTRICTED FUNDS 2025 2024 NOTE INCOMING RESOURCES Tithes, gift aid and similar income resources 145,831 159,803 TOTAL INCOMING RESOUCES 145.831 159,803 RESOURCES EXPENDED Charitable activities Governance costs 89,281 52,310 92,059 55,340 TOTAL RESOURCES EXPENDED 141,591 147,399 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOME{EXPENDITURE) FOR THE YEAR 4,240 12,404 TOTAL FUNDS AS AT 1 APRIL 2024 64.037 51,633 TOTAL FUNDS AS AT 31 MARCH 2025 68,277 64,037 CHRIST GOSPEL CHURCH INTERNATIONAL BALANCE SHEET AS AT 31 March 2025 Notes 2025 2024 FIXEO ASSETS TANGIBLE FIXED ASSETS 1,000 1,000 CURRENT ASSETS Deposits and Cash at Bank 68,277 68,277 63,037 63.037 LIABILITIES Ciedllors.. Amounts falSing due within one year Net current assets 68,277 63,037 TOTAL ASSETS LESS CURRENT LIABILITIES 68,277 64,037 CHARITY FUNDS Unrestricted funds 68,277 64,037 TOTAL FUNDSI(DEFICITS) 68,277 64,037 We approve these accounts which comprise the Recelpts & Payments, Statements of Assets & Liabilities and related notes. We acknowledge our responsibllily for the accounts, induding the appmpriat8n8ss of th8 accounting basis as 581 out in note 1, and for providing all the Information and explanation8 necessary for their compilation. ustee Dated Trustwe Dated On behalf of the Charlty CHRIST GOSPEL CHURCH INTERNATIONAL Profit And Loss Account For the year ended 31 March 2025 2025 2024 Income Gift aid Tithe & offerings Total income 44,252 101,579 29,402 130,401 145,831 159,803 Expenses Accountants fees Bookkeeping Books Depreciation Donations Honorarium Insurance Missions Motor expenses Music Rent Repairs & maintenance Stationery and printing Sundry expenses Travel and subsistence Wages and salaries Welfare Total expenditure 1,000 500 2,500 1,000 4,500 13,420 520 12,250 2,040 12,240 25,000 2,250 4,867 4,425 2,994 45,000 7,085 400 1,250 301 1,000 16,026 14,581 1,755 10,500 4,526 9,500 20,500 141 5,194 493 8,140 46.268 6,824 141,591 147,399 Surplusl(deficit) 4,240 12,404 Fund balance blfwd Fund balance clfwd 64,037 68,277 51,633 64,037 CHRIST GOSPEL CHURCH INTERNATIONAL Notes to the financial statements for the year ended 31 March 2025 1 TANGIBLE FIXED ASSETS Furnitue, fitting and equipment Total 2 COST At 1 April 2024 Additions 5.000 5,000 As 31 March 2025 5,000 5,000 DEPRECIATION At 1 April 2024 Charge for the year 5,000 5,000 As 31 March 2025 5,000 5,000 NET BOOK VALUE As 31 March 2025 As 31 March 2024 4,000 4,000 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED RESOURCES EXPENDED FORWARD Unrestricted funds General funds 64,037 64,037 4,240 68.277 145.831 145,831 141,591) (141,591) 64,037 CHRIST GOSPEL CHURCH INTERNATIONAL Notes to the Accounts for the year ended 31 March 2025 1 ACCOUNTING POLICIES Basis of accounting The financial slaletemènls are prepared in accordance with applicable accounting standards using the Historical Cost Convention. The financial slaletements reflect the requirements of the revised Statement of Recommende(J Practice "Accounting for Charities" (SORP). The Charity complied with best practice at the time of preparing these accounts. Tangible Flxed Assets All fixed assets are capilalised. The charge for depreciation is calculated lo write off the cost of the fixed assets over their useful lives on the following bases= Equipment 20Q/o on the reducing balance Motor Vehicles 25 10 on the reducing balance GENERAL These Accounts have been prepared on the receipts and payments basis and in accordance with applicable Accounting Standards and the Charitable SORP. {Slalemenl of Recommended Practice on Accounting by Chariliesl. Income Income is accoL¢nted for on accruals basis, except for donations, which are credited when received These represents gifts, donations, tithes, offerings, pledges, Gifl Aid and bank interest given lo the Charity dLJring the year. 2 Charitable Oonations & Glfts to Missions These represent amounts given to various individuals, organisations and other charitable Irusls. HDnorarium to visiting speakers and remittances for missionary work. Expenditure All expenditure is accounted for on an accruals basis. Resources expended on charitable activities comprise all the resources applied by the charity in underkaling ils work to meet ils ch8ritable objectives. These costs include the direct costs of the charitable activities with those support costs incurred that enable these activities lo be undertaken. Expenditure on govemance costs are the costs incurred by the charity lo operate and to generate the information reqLJired for public accountability. Funds The charity's funds are unrgstricted and are available for use al the discretion of the Board of Trustees. Board of Trustees Remuneration and expenses No remuneration directly or indirectly was paid or payable out of the funds to any of the Trustees for their duties as trustees. 10