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2023-03-31-accounts

FULL GOSPEL REVIVAL CENTRE

REGISTERED CHARITY NUMBER 1099321

FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2023

Solutions Accountants & Financial Services Ltd

149 Radford Road, Nottingham NG7 5EH, Tel/Fax 0115 8224993 www.solutionsaccountants.co.uk, e-mail info@solutionsaccountants.co.uk

FULL GOSPEL REVIVAL CENTRE FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2023

CONTENTS PAGE
GENERAL INFORMATION 1
TRUSTEES & INDEPENDENT EXAMINATION REPORT 2 to 6
STATEMENT OF FINANCIAL ACTIVITIES 7
BALANCE SHEET 8
NOTES FORMING PARTS OF FINANCIAL STATEMENTS 9 to12

FULL GOSPEL REVIVAL CENTRE FOR THE YEAR ENDED 31st MARCH 2023

Trustees

Rev S E Thomas Trustee Rev H Edwards Trustee J R Jeffers Trustee Monica Peddy Trustee

Charity registration Number

1099321

Registered Office

2 Collygate Road Meadows Nottingham NG2 2EE

Bankers

TSB Business Banking

Independent Examiners

Beerbal & Co Chartered Accountants & Solutions Accountants & Financial Services Ltd 149 Radford Road Nottingham NG7 5EH www.solutionsaccountants.co.uk

Page 1

Full Gospel Revival Centre Trustees’ Annual Report

1. Church Information

2. Purpose & Mission:

Our mission is to embody love, serve others, encourage transformation, and model strong, effective leadership. We aim to empower both our church congregation and the wider community by creating an environment where people can grow spiritually, experience support and compassion, and be equipped to make a positive impact in the world around them.

3. Governance:

The church is overseen by a board of four trustees:

No changes in trusteeship occurred. The church relies heavily on volunteers who serve in worship, men's, women's and children’s ministry, outreach, and administration.

4. Objectives and Activities:

The charity continued to pursue its core objective of advancing the Christian faith through worship, discipleship, outreach, and community engagement. To achieve this, the following key activities were delivered throughout the year:

2

5. Activities & Achievements of the Year

This year saw significant development across our ministries and projects. Below is a summary of the main achievements:

6. Risk Management

The trustees regularly review the major risks faced by the church, including safeguarding, financial controls and health and safety. Procedures are in place to manage and reduce these risks, including a safeguarding policy for children and vulnerable adults, DBS checks for relevant volunteers, financial oversight and annual reviews of insurance coverage. The trustees are satisfied that appropriate systems are in place to mitigate risks and ensure the church operates safely and responsibly.

7. Financial Summary:

During the year the church received a grant of £5,000 from Another Way Community Grant - Violent Reduction Partnership to support our youth ministry, including the launch of a weekly homework club. A Near Neighbours grant of £3,770 was also received to complete a youth ministry project called Sound and Social focused on improving young people’s mental health.

8. Tithes and offering income:

9. Expenses:

In this recent fiscal year, total expenses were £71,732/- The trustees are satisfied that all expenditure was necessary, appropriate and applied effectively to make a tangible difference to our beneficiaries and society as a whole.

Giving remained stable and fundraising activities were done. Major expenses included building repairs, first aid training and the purchase of a defibrillator to improve health and safety on the premises.

10. Future Plans:

3

11. Public Benefit:

The trustees confirm the church operates for the public benefit.

Approved by the trustees on:

Signed on behalf of the trustees:

Name: Howard Edwards Position: Chair of Trustees Signature: _H. Edwards

4

FULL GOSPEL REVIVAL CENTRE REGISTERED CHARITY NUMBER 1099321 FOR THE YEAR ENDED 31st MARCH 2023

Statement of Trustees' responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable incorporated organisation. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Howard Edwards Trustee

Page 5

FULL GOSPEL REVIVAL CENTRE Independent Examiner's Report FOR THE YEAR ENDED 31st MARCH 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

I report on the accounts of the charity, which are set out on page 7 & 8.

Respective responsibilities of trustees and Examiner

The trustees of Full Gospel Revival Centre are responsible for the preparation of the accounts, the trustees consider that an Audit is not required for this year under section 144(2) of the Charities Act 2011 and that an Independent examination is needed.

It is my responsibility to:

  1. Examine the accounts under section 145 of the 2011 Act

  2. Follow the procedure laid down in the general direction given by the charity commissioners under section 145(5)(b) of the 2011 Act; and

  3. State whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general directions given by the charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning and such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether matters set out in the statement below.

Our work was conducted in accordance with the statement of standards of reporting accountants, and so our procedures procedures consisted of comparing the accounts with the accounting records kept by the charity, and making such limited enquires of the officers of the charity as we considered necessary for the purpose of the reporting. These procedures provided only the assurance expressed in our opinion.

In connection with my examination, no other matters has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirement:

  2. . to keep accounting records in accordance with section 130 of the 2011 Act and

  3. . to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. of the accounts to be reached.

Qazi Naveed

---------------------------------------------------------------Qazi Naveed Arshad (FIAB, MA) For & on behalf of Beerbal & Co Chartered Accountants & Solutions Accountants & Financial Services Ltd. 149 Radford Road Nottingham NG7 5EH

Date: 29/10/2025

Page 6

FULL GOSPEL REVIVAL CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2023

Note
INCOMING RESOURCES
Incoming Resources from Generated Funds
Voluntary income
4
Investment income
4
Total Incoming Resources
RESOURCES EXPENDED
Charitable activities
Gift & Donations
4a
Other Charitable Purposes
Governance costs
Total Expenditure
Net (Expenditure)
Investment (deficits)/surpluses
Net Movement in funds before Transfers
Gross Transfers between funds
Net movement in funds
Total funds brought forward
(FY-2022)
Total funds carried forward		 Unrestricted Restricted
Total
Funds
Funds
Funds
2023
£
£
£
76,615
798
77,413
8,783
-
8,783		 Total
Funds
2022
£
62,971
10,405
85,398
798
86,196		 73,376
125
-
125
8,277
7,440
15,717
55,890
-
55,890		 60
8,435
43,225
64,292
7,440
71,732		 51,720
21,106
(6,642)
14,464		 21,656
-
-
-		 -
21,106
(6,642)
14,464		 21,656
118,874
25,833
144,707		 123,051
139,980
19,191
159,171		 144,707

The notes on page 9 to 12 form an integral part of this financial statement.

Page 7

FULL GOSPEL REVIVAL CENTRE REGISTERED CHARITY NUMBER 1099321 Balance Sheet as at 31st March 2023

Unrestricted Restricted
funds funds 2023 2022
Note £ £ £ £
Fixed Assets
Tangible Assets 7 157,828 - 157,828 162,002
Current Assets
Cash at bank and in hand 82,682 57,989 140,671 142,001
Other Debtors - - - -
82,682 57,989 140,671 142,001
Creditors: Amounts Falling due
within one year 8 (316) (56,101) (56,417) (63,974)
Net current Assets 82,366 1,888 84,254 78,027
Total Assets less current liabilities 240,194 1,888 242,082 240,029
Creditors: Amounts Falling due after (82,911) - (82,911) (95,322)
more than one year
Net Assets 159,171 144,707
FUNDS 10
Unrestricted Funds 139,980 118,874
Restricted Funds 19,191 25,833
TOTAL FUNDS 159,171 144,707

EXEMPTION STATEMENT

The trustees of FULL GOSPEL REVIVAL CENTRE are responsible for the preparation of the accounts, the trustees consider that an Audit is not required for this year under section 144(2) of the Charities Act 2011 and that an Independent examination is needed.

The Trustees acknowledge their responsibilities for:

1) complying the with the requirements of charity 2011 Act i.e. Charity keeps appropriate accounting records for preparation of Financial statements.

2) Charity has Prepared the accounts which give a true and fair view of the state of affairs of the charity end of the financial year 2023, and of its income and expenditure account, in accordance with the requirements of charity Act 2011.

These accounts have been delivered in accordance with the provision applicable to small charities, and in accordance with the financial reporting standard for smaller Entities were approved by the Management Committee.

The financial statements on page 3 to 9 were approved by the trustees, and authorised for issue on 9 to 12 ……………………. and signed on their behalf by:

TRUSTEE Rev S E Thomas

The notes on page 9 to 12 form an integral part of this financial statement.

Page 8

FULL GOSPEL REVIVAL CENTRE Notes forming part of these financial statements FOR THE YEAR ENDED 31st MARCH 2023

1ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantifled with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to the activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building 2% on Cost
Plant and lvlachinery 20% on Cost
Motor vehicles 25% on Cost

The Building at 117 Bathley Street, NG2 2EE was mortgaged in April 2007 at the value of £230,000. lt is depreciated on a straight line bases as noted in note.

Taxation

The charity is exempt from corporation tax on its charitable activities

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2INVESTMENT INCOME

Bank Interest Received
3-
NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/ (crediting):
Depreciation - owned assets		 2023
2022
£
£
306
155
2023
2022
£
£
4,609
4,500

Page 9

Notes forming part of these financial statements (continued) FOR THE YEAR ENDED 31st MARCH 2023

4
INCOMING RESOURCES
Voluntary income
Gifts, Tithes & Offering
Gift Aid Tax received
Building Fund
Community Fund
Hiring of Facilities
Men Department
Utilities Refund
Sundry Income
Investment income
Rent income
Bank Interest Received
Total incoming resources
4a
RESOURCES EXPENDED
Charitable Activities
Donations
Transportation
Programmes
Hospitality
Specific Building improvements
Governance costs
Staff costs
Advertising & Marketing
Light & Heat & Water & Rates
Telephone
Printing, postage & Stationery
Sundry Cost
Subscriptions & Registrations
lnsurance and Licence
Legal & Professional fees
General Expenses
Repairs and Maintenance
Motor vehicle Running cost
Office Equipment / lT
Depreciation
Bank Charges
Mortgage Interest
Total resource expended
Net income/(expenditure)		 2023
2022
£
£
63,394
-63,39453,704
13,178
-13,178765
-
7987981,097
-
---
-
--539
-
---
-
--6,775
43
- 43 90
76,615
798
77,413
62,971
8,477
-8,47710,250
306
-306155
8,783
-
8,783
10,405
85,398
798
86,196
73,376
125
-
125
60
2,410
-
2,410
200
2,827
-
2,827
1,470
3,040
-
3,040
660
-
7,440
7,440
6,045
8,277
7,440
15,717
8,375
6,700
-
6,700
6,154
-
-
-
-
16,315
-
16,315
9,444
2,464
-
2,464
2,494
1,186
-
1,186
765
462
-
462
1,177
-
-
-
204
5,680
-
5,680
4,034
1,671
-
1,671
1,678
3,655
-
3,655
746
4,248
-
4,248
4,111
558
-
558
769
2,133
-
2,133
860
4,609
-
4,609
4,500
955
-
955
853
5,254
-
5,254
5,435
55,890
-
55,890
43,225
64,292
7,440
71,732
51,660
21,106
(6,642)
14,464
21,716

Page 10

Notes forming part of these financial statements (continued) FOR THE YEAR ENDED 31st MARCH 2023

5 TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31st March 2023.

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 31 March 2022 nor for the year ended 31st March 2023.

6
STAFF COSTS
Wages & Salaries
7
FIXED ASSETS
£
£
COST or VALUATION
Building
Plant & Machinery
B/F
230,000
35,881
Addition
Disposal
At 31st March 2023
230,000
35,881
Depreciation
Accumulated
68,000
35,445
Charge for the year
4,500
109
On Disposals
-
-
At 31st March 2023
72,500
35,554
Net Book Value
Closing Balance
157,500
327
Opening Balance
162,000
1
8
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other Creditors
Accrued Expenses
9
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank Loan
Amounts falling due in more than five years:
Repayable by instalments:
Bank Loan		 2023
2022
£
£
6,700
6,154		 2023
2022
£
£
6,700
6,154
£
£
Building
Plant & Machinery
230,000
35,881		 £
Motor Vehicle
11,061		 £
Total
276,942
-
-
230,000
35,881		 11,061 276,942
68,000
35,445
4,500
109
-
-		 11,060
-
-		 114,505
4,609
-
72,500
35,554		 11,060 119,114
157,500
327		 1 157,828
162,000
1		 1 162,002
2023
2022
£
£
316
316
56,101
63,658
56,417.00
63,974.00
2023
2022
£
£
82,911
95,322
82,911
95,322

Page 11

Notes forming part of these financial statements (continued) FOR THE YEAR ENDED 31st MARCH 2023

10 MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS		 At 1/4/22
Net Movement
in Funds
At 31/3/23
£
£
£
118,874
21,106
139,980
25,833
(6,642)
19,191
144,707
14,464
159,171
Incoming
Resources
Resources
Expended
Movement in
Funds
£
£
£
85,398 64,292 21,106
798 7,440 (6,642)
86,196 71,732 14,464

Page 12