GODS KINGDOM SOCIETY (GKS) Church (The Church of The Living God) Charity Registration Number 1056941 Trustees Annual Report Including Financial Statement For the year ending 31ST DECEMBER 2024 "Towards Gods Perfect Govemment"
GODS KINGDOM SOCIETY(GKS) CHURCH Report of The Twstees for Year Ended 31 December 2024 Contents Page Referen and Administrative Details Report of Trustees Trustees Responsibility Statement Independent Examinerfs Report 10 Statement of Financial Activities 11 Balance Sheet 12 Notes to the Financial Statements 13
GODS KINGDOM SOCIEfY (GKS) CHURCH Report of The Trustees for Year Ended 31 December 2024 Reference and Admlnistrative Details The God's Kingdom Society is a purely Christian Organisation founded by the Almighty God through the instrumentality of St. Gideon Meriodere Urhobo, of the blessed memory. Gods Kingdom Society (GKS) Church is a UK charity registered with the Charity Comrnission of England & Wales. The organisation is managed by the administrative committee and a board of trustees. Trustees are selected or) the basis of the contribution that they will make to the governan of the organisation and the skn.lls they can contn'bute. Trustees are provided with copies of the charity commission's guidance to trustees as well as other relevant information. Trustees Mr l. Ogbighele Mr G. Obafemi Mr C. Duru MrT. Agbanoma Financlal Secretsry Mr N. Ojeh Independent Examlner Mrs S.0 George-obuenwe Charlty Registration NUfflr 1056941 Bankers Barclays Bank PIC
GODS KINGDOM SOCIETY (GKSJ CHURCH Report of The Trustees for Year Ended 31 December 2024 Report of Trustees Aim and Pu oses To declare God's Kingdom of righteousness and peace on earth and to express this doctrine in every con1vable way and fonn, within the bounds of law. order and human decency and to do so at any time or pla, to the best of our knowledge and understanding of Bible interptationS and symbolism. To vindicate. admonish. preach and impart to mankind irrespective of colour. creed or race the wholesome idea of service, fear. adoration and reveren to God Almighty, the Maker of man, the Author of Lrfe, and the Great Ruler and Architect of the Universe. To excite the interest of Africans and all people of the earth to study the Holy Bible, the Christian ethics and theology and to promote all means and measures conducive to the propagation of this knowledge for the eventual peace and realisation of hannony and tranquillty among all people of the human race in accordance with scriptural ideology. Ob'ectives and Activrties The principal activty of Ihe chaiity is to propagate the saving gospel of Jesus Christ all over the world and to educate young people in acclxdance with Christian princiths. The trustees have given regard to the charities commission guidance on public benefrt and in particular, the guidance on charities for the advancement of religion. The GKS is committed to enabling as many people as possible to join us for worship at our church and to become members and part of our Christian communty. In doing so she provides a benefft to the public by.. Providing a facilty for public worship. pastoral care. spiritual, moral and intellectual development for members and anyone who wishes to benefft from what the church offers Promoting Christian values and service by members of the church, to one another as well as in and to their communities for the benefft of individuals and society as a whole. To enable members and well-wishers to put their faith into practice, the chaiity is involved in numerous day-t(aY church activities and other activrties, which are advertised and made available freely to members of the public and the communty. Activities include but not limited to: Sunday Church Services Sunday school Weddings Bible Study Youth Work Various Workshops and Seminars Pastoral rAre ft)r people in the communty Providing outreach work.
GODS KINGDOM SOCIEfY(GKSJ CHURCH Report of The Trustees for Year Ended 31 December 2024 Achievements and Perfomian Throughout 2024 the church witnessed fvrther growth and development of GKS regional units. The GKS unit in Newcastle organised regular Servi meeting. providing the opportunty for members and guests in and arourKI the North East of England to worship in-person at least I a month. In October, GKS Manchester unit, organised and hosted a regional Freedom Day lebratIon. The event proved to be an overwhelming success to the glory of God, attracting participants from wide ranging places, as far as London to Nottingham and numerous towns and cities in between. Youth Activities The Gods Kingdom Society's Youth Assembly was held from Friday 23 August 2024 to Sunday 25th August 2024 at the church premises in London. The theme for the 2024 youth assembly was "Only True Clean and Sincere Worship God Accepts" As usual. the aim of the conference is to transform, inspire and educate students and youths on becoming a good asset to the communty through posrtive Christian attitude and behaviour as well as to showcase the praises of God Almighty. This year we were extremely honoured and privileged to be joined Brother O.D Akinwale, Executive Board member and Treasurer of the Church. Youths from all over the country and further afield, converged at the church premises in London for a wtde-ranging programme of activities, including musical perfonnances, bible quiz, drama. talks. seminars and much more. The President's keynote address and message for the youths this year was entiued: °Only True Clean and Sincere Worship God Accepts.. The 2024 Youth Assembly was once again highly inspiring, informative and ended successfully on Sunday 251h August 2024 to the glory of God and Jesus Christ. Freedom Da Celebration The Gods Kingdom Society's Freedom Day celebrats'on in London was held on the 20th October 2024. For this event. the decision was made to retum to the extemal venue in Croydon, previously used for 2023 Freedom Day celebration. This year we were extremely honoured and privileged to welcome the Vice President of the Church, Brother T.M Ekisowei, who led and presided over the Freedom Day celebrations in the UK.
GODS KINGDOM SOCIETY (GKSJ CHURCH Report of The Trustees for Year Ended 31 December 2024 The President's main message for the Freedom Day lebratIonS was entitled: °Let Him That Thinketh He Standeth Take Heed Lest He Fall.. Following the President's message. there were performances from various choral groups, before an elder in the Church, Brother L. Edemhanria was called on to take the semon entrtled: "Was Christ bom on Christmas Day.. In his sennon, the church elder was able to successfully prove from the bible chronology that Jesus Christ could not have been born in December. but rather the evidence from the bible establishes his birth in October. The 2024 Freedom Day celebration. with over 400 people in attendance ended well to the to the glory of God and his beloved son Jesus ChrisL Charitsble Givin & Donations The church continues to provide financial support and donations, nationally and intemationally as helping those in need is a practical demonstration of our faith Support and donated funds are used for, but not limited to: Building and repair of places of worship, provision of Bible-based literature, study material and sermons, capacity building and other means to facilitate the worship of God. Financial support and contributions were made to the following: For the development and maintenance of St Urhobo Square in Salem Cty Warri For assistance towards various Branches, including Liberia A clinic and charty sch¢)ol in Warri Nigeria Members of the welfare committee, sisters committee and other volunteers continued to support members of the church as well as other vulnerable individuals in cash and goods. This financial support and donations provided locally. nationally and intemats'onally were of immense benefft to both individual recipients as well as receiving organizations. The trustees and the administrative committee gNe our thanks. gratitude and sincere appreciation to God Almighty and his beloved son Jesus Christ, for their continuing goodness and abundant provision during 2024. We are also extremely grateful to all members, friends and well-wishers for the level of support we have reIved frorn them throughout the year.
GODS KINGDOM SOCIETY(GKS) CHURCH Report of The Trustees for Year Ended 31 December 2024 Financial Review Income:_ The principal funding source for the church is from members, contributions in the fonn of tithes. free-will offerings, and other donations. The church does not raise funds from the general public and neither does it engage any third parties to do this on behalf of the church. Total reIPtS of fvnds for the year dropped to £225,147 (£231,639; 2023), preSenting 2.80A decrease from the previous year. The administrative committee arKI the trustees are once again very grateful to Jehovah, The Almighty God, and all those who have donated in one way or the other for their continued support of the church and the dispensation of the saving gospel of Jesus Christ. Resources Expended:. Total expended for the year was £152,173 (£219,530. 2023), which represents a decrease of 300h from the previous year. Of this, £125,535 was spent on charitable activities and £21,499 on general overhead expenses. Charitable activrties included £63,756 spent in ongoing support for the Ministry. Assistan was also provided for repairs and maintenance of church buildings and service halls. Funds were also spent on Home Office sponsorship and visa applications, facilitating the organisation of travel arrangements arKI the upkeep of visiting ministers. £1,570 was spent on health-related expenses and insurance and £10,000 was spent on support and assistance to intemational branches of the church. £21,522 was spent on evangelism and gospel propagation and £12,350 was spent on charitable donations. A total of £11,203 was spent on welfare related expenses and assistan to members. This included funds that were provided to support the elderly, beaved, sick, mothers with new bom babies and others that required assistance. Miscellaneous expenses for the year were £5,139. of which £1,171 was related to choir expenses and purchase of music equipment. Balance Sheet:. The balance sheet has increased during the year by £63.201. Key movement in the year include an increase in cash of £68,026 from (2023), a slight decrease in debtors of £1,915 from (2023) The net result for the year was a net surplus of £72,974 and an overall inaSe to the value of the balance sheet by £63.201.
GODS KINGDOM SOCIETY(GKS) CHURCH Report of The Twstees for Year Ended 31 December 2024 Risk Mana ement The trustees have assessed the major risks to which the church is exposed to and are satisfied that sufficiently robust systems are in pla to manage these risks. The principal risk identffied by the trustees which the church is exposed to, is her continued dependence on voluntary income. Our primary and most utilised mode of revenue collection had been collection of tithes, offerings at our weekly Sunday Servi and via special events popularly referred to as 'Launchings' where members and well-wishers would present their financial gifts. The church finances are kept under review and trustees will continue to monitor the yearly budgets and to adjust them as necessary in light of prevailing situats.on and condrtions. Appropriate insurance cover and procedures are also in place to ensure Complian with the health and safety of members and visitors. Future Develo ments The trustees aim to continue with a regular programme of maintenance works and repairs, to preserve and enhance the church property and facilities. In addition to this, the trustees will also continue to explore different ways and options of furthering our charitable objectives in and out of the communty effectively and to engage in creating positive change in the moral and spiritual climate which refleds our Christian ethos arKI beliets.
GODS KD01 SOCIETY{GKS) CHURCH Report of The TrusteAs for Year Ended 31 Decemiw 2024 Trustees Responsibdity Statement Jnder tt£ CharitÈes Act 2011. the trustees are f4uired to prepare financial ststonents f each financial year which gves a true and fair vew of the ste of tr churth. In prepa these financ4al sLements, the trneeS a required to: Select suitable accountry FX)liaes arKI apply lIrn fX)nsEterty. Make judgements and estimates that are reasonable and Prud that the charity VAI continue in operation. accuracy the anCeS of the chLCh at ary t5me aKI to ensu thal SLth acccxjnts comtly the Charities Ad 2011. They also have a respslIty lo safeguard ts assets crf the church and to take reasonable steps to detect fratml or ottw irreg(1118s. l ap0ve the fKwMial slatements a1 ac(xxJnts arKI (xxthrm that I have m availatAe ai financial ststements give a true and fe4r vew of acaivil* of the Approved by the Trustees ¢)n 29 October 2024 3r#J signe(J behaf by. Mr G. Obafemi- Chairm.
GODS KINGDOM SOCIETY (GKS) CHURCH Report of The for Year Ended 31 December 2024 Independent Examiner's Report for the year ended 3 1st December 2024 to th¢ Trust¢¢s Gods Kingdom Society (GKS) Church I report to the trustees on tny exan}iti0ll of the accounts of the above charity for the year ended 3111212024. Responsibilities and basis of report This report is made solely to the charitable company's Trust¢¢s, as a body, in accordance with the requir¢m¢nts of the Charities Act 2011 under StiOn 145 and regulations made under section 145(5)b of that Act. The work has been undertaken so that I might stat¢ to th¢ ¢haritabl¢ company's members thos¢ matters l am required to stat¢ to them as an independent examiner of the rew)rt and for no otheT purpose. To the fullest extent pemiitted by law, I do not accept or assume rwonsibility to anyone other than the charitable company and the chaTitsble company's membern &$ a body, for the examination work. Indqxndent examinees statement I have Completed my ¢xamination. I confiTrn that there are no Materi matteTS which have come to my attention which gives me reasonable cause to believe thaL in any merial aspect the tnLSttts have not m¢t the requirements to ensure that accounting records were kept in accordan¢¢ with section 130 of the 2011 Act or the accounts do not accord with the accounting rcquirements 2. 1 have no concerns on othcr matters in conllcction with the examination to which attention should be drdwn in order to fflable a proper understanding of the accounts to bc T¢acb¢d. Signcd: Da: Mrs Sb¢fiat O Georg¢)bu¢nWe (FCCA. Mso Professional Accounting)
GODS KINGDOM SOCIETY(GKS) CHURCH Report of The Tmstees for Year Ended 31 December 2024 GODS KINGDOM SOCIETY (GKS) CHURCH) Financial Statements For Year Ended 31 December 2024 Recei tsandPa ments Account Note Unrestricted Funds Restricted Funds ToLI1 2024 Total 2023 Income: Tithes & Offerings Donations & Appeals Other Voluntary Receipts Other Income 165,236 165,236 27,530 11,178 21.202 162,852 37,834 12,758 18,195 27,530 10.978 20.202 200 1,000 58.710 166,436 225,147 231,639 Total Income Expendlturn: Charitable Acb'vities General Overhead Expenses Miscellaneous 45,075 80.460 21,499 772 125,535 21,499 5,139 188,319 24,502 6,709 4,367 Total Expenses 49A42 102.731 152,173 219.530 Net SurplusllLoss 11
GODS KINGDOM SOCIEfY(GKSJ CHURCH Report of The Tmstees for Year Ended 31 0mber 2024 Balance Sheet as of 31 December 2024 2024 2023 Fixed assets Freehold Building Additions 560.000 560.000 560,000 560,000 Current Assets Debtors Cash at bank 16,595 326,371 342,966 18,510 258,345 276,855 Creditors: Amounts falling due within one year {2.477) 434 Creditors: Amounts falllng due after one year Net current assetsl(liabilitie8) 340,489 277,289 Total assets less Current liabilities 837,289 Represented by Unrestricted Fund Restricted Fund Reserve 7,167 63,705 829,617 61,761 775,527 12
GODS KINGDOM SOCIETY (GKS) CHURCH Report of The Tmstees for Year Ended 31 December 2024 Notes to the Financial SLments 1 . The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payment basis. 2. Fixed assets retained for church use is the building at 1 B Park Avenue at cost 3. Unrestricted funds of total of £7,167 is made up of surplus from past and current year. Receipts: 3a. Tithes & Offerlngs Total 2024 Total 2023 Kingdom Fund Genernl Offerings Special Thanks Offeiings 112.391 29.968 112,116 28,976 21,760 162,852 3b. Donations & Apwls Total 2024 Total 2023 LaunGhing8 Feast Vote VisitpJ/AppealS/?nati 20,170 7,060 31,567 6,267 27,530 37,834 3c. Other Voluntary Receipts Total 2024 Total 2023 Ministys Conth"bulion Local Fund chh H811 Fund Vows - (Lords Ministry) Vows - {Brnnch & Loc81 Community) 4.668 5,110 200 4,383 5.400 675 2.300 11,178 13
GODS KINGDOM SOCIEfY(GKSJ CHURCH Report of The Tmstees for Year Ended 31 December 2024 3e. Other IAisc Income Total 2024 Total 2023 Charities fmst Mtsc . (Branch & L(al Community) Misc- (Lo$ Ministy) Grft Aid Reclaim8d 180 916 1,000 19,107 240 1.981 210 15,764 21,202 18.195 14
GODS KINGDOM SOCIETY (GKS) CHURCH Report of The Twstees for Year Ended 31 December 2024 Expenditure= 4a. Charitable Activities Total 2024 Total 2023 4a. (l) Evangelism Evengelism- Gospel AdvanGement Feast of Tabemacles Freedom Day Youth Aclivty & Youth Assembly 4a. (2J Support Forministy Salem City Wani Lonls Ministry Expenses other Ministry Expenses Visiting Ministers Expenses | Financial Assistances to Branches 4a. (3J Members Iyeffare Well8 Expenses Branch Visits Financial Assistance to Member 4a. (4) Charit•bla Donatk)n$ Donali(x 3.012 2,315 5,980 7.220 5,310 4,390 8,970 22,478 46.705 17.051 1.570 5.135 10.OIX) 51,040 47,385 11,888 6,719 5,921 4,133 470 6.600 8,031 150 5,570 12.350 13,461 125.535 188,318 4b. General Overhead Expen8e8 Totsl 2024 Total 02 Building Insurance utilit8 Repai & Maintenance 1,912 13.339 6,248 1,750 18,333 4,419 24,502 5. Debtors Total 2024 Total 2023 Gift Aid R6claim8d 16,595 . 18.510 16,595 18,510 15