## **FULL GOSPEL CHURCH** **Charity Registration Number: 1054374** **TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FULL GOSPEL CHURCH** ## **CONTENTS** |**CONTENTS**|| |---|---| |Charity Information|3| |Objectives, Policies and Activities|4 - 5| |Trustees annual report|6 - 7| |Independent Examiners Report|8| |Statement of Financial Activities|9| |Balance Sheet|10| |Notes to Accounts|11 - 12| ## **FULL GOSPEL CHURCH Charity Information** ## **Charity Name:** Full Gospel Church ## **Charity Registration No:** 1054374 ## **Trustees** Mrs. Ronke Titilope Morris Mrs. Vivienne Lorraine Melling Mrs. Clara Olapega Adegbulu (left the church and resigned as trustee in May 2023) ## **Registered Address** 32 - 39 Pier Road Northfleet Kent DA11 9NB ## **Bankers** HSBC UK 84 New Road Gravesend DA11 0AS ## **Accountants** Toda Consult 19 York Road Northfleet Kent DA11 9PU Page 3 ## **FULL GOSPEL CHURCH OBJECTIVES AND POLICIES FOR THE YEAR ENDED 31 DECEMBER 2022** The objects of the Charity are: - The advancement of the Christian faith worldwide; and - The relief of poverty ## **TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS** The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to: - a) Select suitable accounting policies and apply them consistently; - b) Make judgements and estimates that are reasonable and prudent; - c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. - d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Trustees submit their annual report and the financial statements of Full Gospel Church (the church) for the year ended 31 December 2022. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practise (SORP) "Accounting and Reporting by Charities" issued in March 2005. ## **a. CONSTITUTION** The church is constituted under a Trust deed, and has a registered charity number 1054374 ## **b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES** The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees. Page 4 ## **FULL GOSPEL CHURCH** ## **OBJECTIVES AND POLICIES FOR THE YEAR ENDED 31 DECEMBER 2022** ## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING** The church is organised so that the trustees/directors meet regularly to manage its affairs. The day-to-day administration of the church is managed by the trustees. ## **e. RELATED PARTY RELATIONSHIPS** Full Gospel Church is a member of the Assemblies of God Church which has parishes all over the world. ## **f. RISK MANAGEMENT** The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate exposure to any major risks. ## **FINANCIAL REVIEW** ## **a. PRINCIPAL FUNDING** This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects. ## **b. INVESTMENT POLICY AND PERFORMANCE** The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts. ## **c. RESERVES POLICY** The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure. Page 5 ## **Chair of Trustees Report** for ## **Full Gospel Church** ## 32-39 Pier Road, Northfleet, Kent DA 11 9NB 2022 Full Gospel Church Centre is in a multicultural well-established community. Many are struggling with day-to-day life. We aim to support our neighbours in any way that is needed. It is our commitment to provide a place of respite, aid and support financially, materially, emotionally and spiritually. The century old building is situated on the edge of a chall< pit, which is prone to erosion edge. Our weekly tithes and offerings provide the day-to-day running of the Church. The wages of the Pastor and monies are used to bless many regular charities in the locality and further afield. Our tithes and offerings which are used to provide for others are enhanced and gratefully acl**Incoming Resources**
_Incoming resources from generated funds:_
Voluntary income:donations
2
Activities in furtherance of the charity objects
Interest income|**2022**
**2021**
Unrestricted
Restricted
**Total**
Total
£
£
**£**
£
29,237
500
**29,737**
38,111
252
-
**252**
2| |---|---| |**_Total Incoming Resources_**|**29,489**
**500**
**29,989**
**38,113**| |**Resources Expended**
_Charitable activities_
3
_Governance costs:_
4|31,070
-
**31,070**
32,809
350
-
**350**
320| |**_Total Resources expended_**|**31,420**
-
**31,420**
**33,129**| |**Net Incoming/(Outgoing) Resources for the year**
**Total funds at 1 January 2022**
**Transfer between funds**|(1,931)
500
**(1,431)**
4,984
10,414
21,737
**32,151**
27,167
**-**
**-**
**-**
-| |**Total funds at at 31 December 2022**
5|**8,483**
**22,237**
**30,720**
**32,151**| All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above. Page 9 ## **FULL GOSPEL CHURCH** ## **Balance Sheet as at 31 December 2022** **----- Start of picture text -----**
2022 2021
Notes £ £ £
FIXED ASSETS
Tangible Fixed Assets 7 - -
- -
CURRENT ASSETS
Cash in Hand/ Bank 31,070 32,151
31,070 32,151
CREDITORS:
Amount falling due within a year (350) 0
NET CURRENT ASSETS 30,720 32,151
TOTAL ASSETS LESS CURRENT LIABILITIES 30,720 32,151
NET ASSETS 30,720 32,151
ACCUMULATED FUNDS
Restricted 5 22,237 21,737
Unrestricted 5.1 8,483 10,414
TOTAL FUNDS 30,720 32,151
**----- End of picture text -----**
a) For the year ending 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. c) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. Approved by the Trustees and Signed on their behalf: > Signature: **Signature: Email:** ronkyj.elyon@yahoo.co.uk Name: **MRS RONKE TITILOPE MORRIS** > Date: 7-Aug-2025 Page 10 ## **FULL GOSPEL CHURCH** ## **Notes to the financial statements for the period ended 31 December 2022** ## **ACCOUNTING POLICIES** ## **1.1 Basis of preparation of accounts** The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007).The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards. ## **1.2 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church for particular purposes. The cost of raising and administring such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts. |**1.2.1 Charity Funds**
Bank current account
Bank deposit account
Savings account
Building Fund account
Cliff account|**2022**
**2021**
Unrestricted
Restricted
**Total**
£
£
8,526
-
**8,526**
10,331
56
-
**56**
56
-
-
**-**
28
-
2,863
**2,863**
2,363
-
19,626
**19,626**
19,374
**8,582**
**22,489**
**31,071**
**32,152**| |---|---| ## **2. Incoming resources** These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted-funds. ## **2.1 Voluntary Income: Donations** |Donations - Tithes & Offering, Gift Aid
Donations - Non-Gift Aid
Donations - Building Fund|**2022**
**2021**
Unrestricted
Restricted
**Total**
£
£
£
£
25,253
-
**25,253**
32,005
3,984
-
**3,984**
5,626
-
500
**500**
480
**29,237**
**500**
**29,737**
**38,111**| |---|---| Page 11 ## **FULL GOSPEL CHURCH** ## **Notes to the financial statements for the period ended 31 December 2022** ## **3. RESOURCES EXPENDED - CHARITABLE ACTIVITIES** This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material. |Staff Costs
**Church Building**
Insurance
Electricity
Oil
Water
Repairs & maintenance
Equipment & replacement
**Other Church running costs**
Dues & Subscriptions
Phone/Broadband
Streaming Service
Miscellaneous
**Utilities and Legal**
Bank Charges
Copyright Licences
**Charitable donations**
Missionary Gifts
Mother church - AOG payments
Donations and gifts
**4. GOVERNANCE COSTS**
The net movement in funds for the year is stated after charging
Independent Examination
**5. FUNDS**
At 1 January
Surplus/(Deficit) for the year
At 31 December|**2022**
**2021**
Unrestricted
Restricted
**Total**
£
£
£
£
19,575
-
**19575**
19,962
1,157
-
**1,157**
1,046
1,207
-
**1,207**
805
961
-
**961**
425
485
-
**485**
629
-
-
**-**
300
-
-
**-**
274
**3,810**
**-**
**3,810**
**3,479**
318
-
**318**
1,441
215
-
**215**
211
-
-
**-**
158
5,851
-
**5,851**
50
**6,384**
**-**
**6,384**
**1,860**
150
-
**150**
11
-
-
**-**
292
**150**
**-**
**150**
**303**
-
-
**-**
454
1,031
-
**1,031**
-
120
-
**120**
6,751
**1,151**
**-**
**1,151**
**7,205**
**31,070**
**-**
**31,070**
**32,809**
**2022**
**2021**
£
**£**
350
320
**350**
**320**
**2022**
**2021**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**£**
10,414
21,737
**32,151**
27,167
(1,931)
500
**(1,431)**
4,984
**8,483**
**22,237**
**30,720**
**32,151**| |---|---| ## **5.1 UNRESTRICTED FUNDS** These are grants and donations received or receivable for the objects of the charity without restriction as to the purpose but are available as general funds to the charity. ## **5.2 RESTRICTED FUNDS** Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria are identified to the fund. Page 12