INTERNATIONAL CENTRAL GOSPEL CHURCH TRUST
.INTERNATIONAL CENTRAL"
GOSPEL CHURCH
Empowerkng KIMJdom atlzeN... In1h￿￿1Thj 5ocSeiy
Financial Accounts
And Trustees Report
31st July 2024
Charity No. 1054082

INTEILNATIONALCENTRAL CYOSPEL CHURCH TRii.ST
FIN.4Tr*CIAL ST.41'Tr.MENT% AND TRUSTEEti' REPORT
'EAR ENDED
Contents
Page
Legal and Administrative Infomiation
Report ol the Trustees
Independenl Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
8- 11

INTF.RNATIONAL CENTRAL CIOSPEI. CHURCH TRUST
FIP4,*INCIAI. STATTr-MF.NTS AND TRUSTEES. IiEPORT
I'EIIR E%DF.D
I JUI.1' 2024
LEGAL AND ADMINISTRATIVE INFORMATION
Status
The organization is a Charity registered on the 21h March 1996.
The Charity is govemed by a Declaration of Trust made on the 21st ol February 1996.
Trustees
The Trustees serving during the year and since the year end were as follows..
Rev Gracious Selassie Awoye- Pastor and Minister-In-Charge
Sam Owusu.Maniey
Richard Quartey
Registered Ollice and Operation Address
Unit C118 Trident Business Centre 89 Bickersteth Road, Tooling London SW17 9SH
Bankers
Lloyds TSB
HSBC
Accountants
Garth Francis FAIA, FIFA, MAAT,BA (Accounting & Finance)
Tax Diagnostics & Co
Trident Business Center
89 Bickerslelh Road
SW17 9SH

INTFRNATIONAL CENTRAL C.()SPEI. CHURCH TRUST
FINANCIAI. s'fATEME%TS AND TRUSTEES, REPORI.
YTr.AR Tr-NDkD JI JUI.1 2
TRUSTEES REPORT
Status and Administration
The Charty is constituted and registered with the Charity Commission under charity number 1054082.
Objects ol the Charity
To advance the Christian larth in accordance with the statement ol beliels in London and in such other parts of the United
Kingdom or the world as the Trustees may from lime10 lime think fit. To relieve persons who are in condrtions of need or
ardship or who are aged or sick and10 relieve the disliess caused thereby in London and in such other parts of the UK or the
world as the trustees may from time-to-time think ht
To advance education in accordance wth Christian principles including by means of establishing and operating any
educational esiablishmeni or esiablishments in London and in such other parts of the UK or the world as the Irusiees may from
time to time think fit
To promote and fulfill such Other charitable purposes beneficial lo Ihe communrty in London and in such Other parts of Ihe UK
or the world as the Trustees may from time to lime think frt
Governance and Internal Control
Trustees serve lor a year period and may be re.elected. The Irusiees meet regularfy within the year to review the strategy and
perfomiance and to set the operating plans and budgets.
Financial Activities and Results
The net incoming resources Iof the year amounted lo £9,31812023 is £6,508> leading lo total free funds carried forward of
£339,064 as at 31 Sl July 2024.
Investment Powers, Policy and Pertormance
The memorandum and articles of association, which states clear guidelines on inv8Stments policy, governs the trustees,
investments powers.
Reserves
The Irusiees have forecast the level ol free reserves {Ihai is those funds not lied up in tixed assets and designated as reslricled
funds) that the charity will require lo sustain ils operations over the period when il is anticipated thai some of the income
generating activities will be further funded lo garner more income. The level ol free reserve as at 31 st July 2023 was £ 329,746.

INTERYATIONAI.CENTRALC.OSPELC.HURCH TRUST
Flh'AP¥CIAI. STATF,￿IF.liT5 AND TRU5TF.ES' REPORT
YEAREliDED31 JUI.Y2024
Volunteers
The Charity is grateful lor the unsiiniing effort of its volunleefs who are involved in service provision. Members are given free %MII,
Ihout any lomi of coercion, to determine their torm and level of suppjrt, manually or financially, to the charity,
Grant Making Policy
The Charty did not award any grants.
Risk Management
The trustees examine ltte major risks thai the ministry laces in each financial year when Pfeparing and updating the strategic plan.
The Charity has developed systems 10 monitor and control these risks to mrtigate any impact that they may have on the
organisation in the future. Including..
An annual review of the risk which the charity may lace
The eslablishmeni ol systems and procedures10 mitigate those risks identrfied in the plan
The implementation ol procedures designed to minimise any potential impact on the charrty
should any ol those risks materialise.
Accouniing and Reporting Responsibilities
The Chanties Act 2011 requires the Iiusiees of the charity to prepare financial siaiem8nls lor each financial year which give
true and lair wew ol the charrty's financial activities dursng the year and ol ils financial posrtion al the year end.
In preparing the financial statements, the trustees should follow best practice and select suitable accounting policies and
apply them consistently;
Make judgements and estimates thai are reasonable and piudenl.
Follow applicable accounting standards and the charities SORP, disclosing and explaining any departures in the financial
statement; and
Prepare the financial statements on the going concem basis unless it is inappropriate 10 assume thai the charity will
continue in operation.
The Trusties are responsible for keeping accounting records, which are such as to disclose, with reasonable accuracy, the
financial position of the charity ai any time, and lo enable them as trustees lo ensure thal the financial statement comply
with charity law. The Trustees are also responsible lor safeguarding the chanty's assets, and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Rev
racious Selassie Awoye
Dale.. 1710712025

INTERNATIOI4AL CEN"fRAL GOSPEI,CHURCH TRUST
FlTr¥.4NCIAI. STATEMF.YfFi AND TRUSTF.F.S' REPORT
.IR ENDED JI JULI. 2024
ACCOUNTANTS, AND INDEPENDENT EXAMINER'S FIEPORT
I rewrt on the accounts ol the charity loi the period ended 31 JUSY 2024 as are sei out on pages 610 10.
Flesponsibilities and basis of report
As the charity's trustees, you are responsible for the preparation ol the accounts in accordance with the requirements ol the
Charities Act 2011 {Ihe Act.). I report in respect ol my examination ol the Trust's accounts carried out under section 145 01 the
2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charrty Commission
under section 145{5llbl of the Act
Independent examiner's Slalement
l am qualified lo undertake the examination by being a qualified member of The Association ol International Accountants (FAIA}.
I have completed my examination, I confirm Ihal no material matters have come to my attention in connection vith the
examination lolher than that disclosed below'l which gives me cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130 01 the Charities Act,. or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content ol accounts sel out in the
Chanlies IAccounis and Reports) Regulations 2008 other than any requirement thai the accounts give a 'true and lairf view
which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be
drawn in Ihis report in order to enable a proper understanding of the accounts to be reached.
Gart
rancis FAIA, FIFA
Tax Diagnostics & Co
Dale., 1710712025

INTERIYATIONALCF'NTRALC.OSPF.L CHURCH TRUST
FlliilliCI,*L sTATE￿IENTs AND TRUSTELS. RF.PORT
YF.AR F.1% Dk-D 31 JLI.1' 2024
STATEMENT OF FINANCIAL ACTIVITIES
2024
2024
2024
2023
NOTE RESTRICTED
UNRESTRICTED
TOTAL
TOTAL
INCOMING RESOURCES
Incoming resources from generated funds;
140,514
140,514
175,397
TOTAL INCOMING RESOURCES
140,514
140,514
175,397
RESOURCES EXPENDED
Cost ol generating funds
Charitable Activrties
131,196
131,196
168,889
Govemance Costs
TOTAL RESOURCES EXPENDED
131,196
131,196
168,889
NET INCOMEIEXPENDITURE FOR THE
YEAR BEFORE TRANSFER
9,318
9,318
6,508
Gains on revaluation ol assets
Nel Movements in lunds
9,318
9,318
6,508
Total Funds Brought Forward
Total Funds Carried Forward
185,238
329,746 329,746
329,746
185,238
339,064
339,064
514,984
Restricted
185,238
185,0&8
185,238
185,238
Unrestricted
339,064
339,746
329,746
There were no recognized gains or losses for the period Other Ihan those included in the Slalement of Financial Actimties.

INTERNATIONAL CENTRAL GOSPF.I, CHURCH TRUST
INANCIAI. f¥TATE￿IEy1TS TRlsSTF.ES' REPORT
YEAR EYDED 3
L Tr. 2024
BALANCE SHEET
Note
2024
2023
Fixed Assets
Tangible Assets
Investments
157,000
158,816
403 036
560,036
561,852
Currents Assets
Cash & Bank
1,619
6,979
2,206
Debtors
Credilois,. falling due within one year
(750.}-
Net Current Assets
169
Total Assets
564,566
564,058
Credrtors.. falling due after one year
NET ASSETS
INCOME FUNDS
Restrided
185,238
185,238
Unrestricted
TOTAL FUNDS
All incoming resources and resources expended derive from continuing activities.
.. N.rA..... and signed on ils behalf ty..
Trustees

INTERNATIONALCENTRALGOSPEI.CHURCH TRUST
blNANCI.4L ST..II'F.11 F.f*l'S ,*ND TRUSTF.ES' REPORT
'E,*R F'NDTr;D 31 JUI.1' 2024
Notes lo the Financial Statements lor the year ended 31 st July 2￿24
ACCOUNTING POLICIES
IA)
Accounti n
Convention & Com
liance
These accounts have been drawn up on the basis ol a going concem and the financial statements prepared under the historical
cost convention with items recognized ai cosi or transaction value unless olhewse staled in the relevant note (s} to these
accounts.
The accounts have been prepared in accordance with the Statement ol Recommended Practice..
Accounting and Reporting by Charities prepanng their accounts in accordance with the Financial Reporting Slandaid applicable
in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and wth the Charities Act 2011.
IBI
Reco
nilion ol Income and Ex enditure
Voluntary income is received by way ol donations and gifts and is included in full in the Statement of Financial Activities in the
year in which they are receivable.
The value of services provided by volunteers has not teen included.
Resources expended are recognized in the perioo in which they are incurred. Resources expended include attributable VAT
which cannot be recovered.
General Funds
Revenue grants and other income and expendiluie associated with the general operations ol the charity and ils international
projects are dealt with in the General Funds.
Restricted Funds
These comprise donations, legacies or Oiher income, the use of which has been specified by the donor. Funds received this
year were for the procurement of a place of worship, funds for
Church retreats and Outreach and fell0￿hlp. A reconciliation ol these funds is shown in Note 15
Endowment Funds
There is currently no endowment fund.

INTERf4ATIONALCEf*l'RAL GOSPEL CHURCH TRLIST
INANCIAI. STI1TF.￿lE￿Ts AND TRU5TEES' REPORT
YEARENDED31
LY2
{ci
De
reciation
All fixed assets are capitalized. The charge lor depreciation is calculated lo write off the cost ol the fixed assets over their uselul
lives on the following bases..
MLJsical Equipment
Motor Vehicles
Furniture & fittings
Officelcomputer Equipment
Freehold Office
25.10 on the reducing balance
25Q/¢ on the reducing balance
25 % on the reducing balarKe
25PA on the reducing balance
10/0 on the Straighl-Line Method
Assets are depreciated from the lime at which they are brought into use.
Investments
Fixed assets investments in quoted shares, traded bonds and similar inveslmenis are valued initially at cost and subsequently at
lair value Ilheir market valuel al the year end.
The same tfeaimenl is applied10 unlisted investment unless fair value cannot be measured reliably in which case il is measured
at COSI less impairment.
Investments held for resale or pending their sale and cash and cash equivalents wlh a maturity dale of less than 1 year are
treated as current asset investment.

Ir4TTr:RNATIONAI.CkNTRALGOSPELCHURCH TRUST
FI￿ANc￿AI. STAT￿:￿7 Tr:NVi AND TRUSTkES' REPORT
YEAR ENDED
024
2. DONATIONS AND SIMILAR INCOMING RESOURCES
RESTRICTED
UNRESTRICTED
2024
2024
Total
2023
Ttthes & offering
Gift Aid Repayment
130,016
130,016
165,469
140,514
140,514
175,397
3. CHARITABLE ACTIVITIES
2024
2024
2023
Rent.Office & Church
20,995
20,995
23,815
Media
3,586
21,323
Salaries
46,732
46,732
36,402
Mission
12,709
12,709
Honorarium
20,522
20,522
16,035
Pension
1,872
1,872
6,140
Motor Vehicle Expenses
General Aclminislraiion Cost
5,405
5,405
4,687
14,614
14,614
28,787
Equipment
Bank Charges
Music Ministry
1,165
1,165
2,152
297
297
239
1,188
1,188
928
Prolesslonal Fees
750
750
7,176
HMRC - PAYE
10,739
Depreciation
1,360
457
131 196
168 889
10

INTLRNATIOWALCENTRALC.OSPELCFIURCHTRUST
FINANCIAL STA TE￿lF.￿lT5 AND TRUS'I'F.F.S' REP()RT
'EAR EiYDED31 JULI'2024
4. TANGIBLE FIXED ASSETS
Freehold
Property
Computer
Equipment
Musicd
Equipment
Motor Vehicle Furniture &
Fixture
Total
COST
At 31 July 2022
157,000
16,289
83,305
15,595
2,852
275,041
Addilions
Al 31 July 2024
157,000
16,289
83,305
15,595
2,852
275,041
DEPRECIATION
Al 31 July 2￿3
Charge in period
At 31 July 2024
15,946
82,191
1,114
15,507
2,695
157
116,225
1,360
16,289
83,305
15,595
2,852
117,586
NET BOOK VALUE
Al 31 July 2Q24
Al 31 July 2023
157,000
0.00
00.00
00.00
158,361
157,000
1,114
88
157
158,816
5, CREDITORS- due after one year
2024
2023
Loan - Mortgage