## **Gospel Assembly Church**
Charity Commision 1107259 Company House Reg No 3309680
## Report & Financial Statements
## **31-Dec-24**
Coker Isah & Co. Chartered Certified Accountants
## Gospel Assembly Church
## INDEX
||Page|
|---|---|
|Charity details|1|
|Trustees' Reports|2 - 3|
|Independent Examiners Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to Financial Activities|7- 8|
|Detail Statement of Financial Activities|9|
Page 1 Gospel Assembly Church
## Charity Details
## MANAGEMENT COMMITTEES
|Trustees|Eliah Gore|
|---|---|
||Aled Wyn Roderick|
||Arthur Wanyanga|
|Secretary|Joyce Inyang Kalu|
|Charity Commision|1107259|
|Company House Reg No|3309680|
|Registered Office|21B Wstow Hill|
|& Place of Worship|London|
||SE19 1TQ|
|Independent Examiner|James Coker MBA FCCA|
||Coker Isah & Co.|
||Chartered Certified Accountants|
||74 Church Road|
||Crystal Palace|
||London SE19 2EZ|
|Bankers|Barclays Bank|
||Leicester|
||LE87 2BB|
## Page 2 Gospel Assembly Church
Trustees' report for the year ended 31 December 2024
The trustees present their report together with the financial statements of the charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
## _**Trustees**_
The trustees named on page 1 have served throughout the year. Appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
## _**Investments powers**_
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
## _**Constitution, objects and policies**_
The principal activity of the organization was that of providing advancement of Christian faith
The policy of the charitable Trust continues to be to seek additional donations to continue to run the organisation
The trustees take the day responsibility for running the charity.
## _**Development, activities and achievements**_
The trustees consider that the performance of the charity this year has been most satisfactory and the average number of members has increased once again this year.
## _**Financial review**_
Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the members. Should this support not continue in the longer term, further financial support would need to be sought to replace it.
## _**Risk Management**_
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Page 3 Gospel Assembly Church
Trustees' report for the year ended 31 December 2024
## **Future Developments**
The charity's activities has increased during the year under review .
The trustees are seeking to extend the charity's activities and are pursuing a number of activities to enable this to happen
## **Reserve policy**
It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
## **Statement of trustees' responsibilities**
Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) make judgments 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 a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which 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 1993. They 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.
## Approval
This project was approved by the trustees on 19/09/2025 and signed on their behalf
Signed
Arthur Wanyanga Trustee
Page 4 **Gospel Assembly Church**
## **Independent Examiner's Report on the Accounts**
Report the trustees and members of Gospel Assembly Church
The accounts for the year ended 31 December 2024 Set out in pages 5-8
## **Respective responsibilities of the trustees and examiner**
As the trustees you are responsible for the preparation of the accounts, you consider that an audit
is not required under section 144 of the Charities Act 2011 and does not apply, and that
independent examination is needed
## **It is my responsibility to**
- examine the accounts under section 145 of the Charities Act
* to follow the procedure paid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act and
- to 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 Commissioners .
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 explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would 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 to my attention
- (1) which give me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting of requirement of the Act
have not been met.
(2) to which, in my opinion ,attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Signed
## Signed
James Coker mba fcca Dated 19/09/2025 Coker Isah & Co.
Chartered Certified Accountants 74 Church Road London SE19 2EZ
## Page 5 **Gospel Assembly Church** Statement of Financial Activities
For the year ended 31 December 2024
|8|**Incoming resources**|nrestricted|Unrestricted|
|---|---|---|---|
|||Fund|Fund|
|||2024|2023|
|||£|£|
||Voluntary Sources- Donation|53469|51588|
||Gift Aids|8869|9687|
||Banlk interest|2067|1477|
||Total incoming resources|64405|62752|
||**Resources Expended**|||
|9|**Direct Charitable Expenditure:**|29482|25814|
|10|**Management Administration**|7430|1279|
||Total Resources Expended|36912|27093|
||**Net Income resources for the year**|27493|35659|
||Fund brought forward 31 Dec 2024|220922|185263|
||Fund carried forward 31st Dec 2023|**248415**|**220922**|
There were no recognised gains or loss for the 2024 & 2023 oth included in the statement of Financial activities
|Page 6
Gospel Assembly Church
Balance Sheet
31-Dec-24
**FIXED ASSETS**
**4**
**CURRENT ASSETS**
Debtors and prepayments
Bank & cash
**CREDITORS**
Amounts falling due within one year
Accrual & deferred income
5
Net Current Assets
**CREDITORS (Long term)**
Amount due after more than one year
Loan
**ACCUMULATED FUND**
Retained Surplus Brought Forward
6
Surplus for the year
Retained surplus CF|£
47,432
10,680|2020
£
523,730
22,162
545,892
297,477
248,415
220,922
27,493
248,415|220,074|2019
£
1,648
219,274|
|---|---|---|---|---|
||58,112||220,074||
||35,950||800||
||35,950||||
||||||
|||||220,922
0|
|||||220,922|
|||||185,263
35,659|
|||||220,922|
Approved on 19/09/2025 and signed on behalf of the Trustees Signed by
Signed Arthur Wanyanga Trustee
Page 7 **Gospel Assembly Church**
Notes to the Financial Statements For the year ended 31 December 2024
- 1 **Accounting policies**
- 1.1 **Accounting convention** The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective Jan 2005) and statement of Recommended Practice (SORP 2005) ,and with the Charity Acts 1993
- 1.2 **Incoming Resources**
The Income represent the total donation and Income Tax Clamed excluding Value Added Tax , receivable during the year
- 1.3 **Depreciation** Depreciation is provided on tangible Fixed Assets at rate calculated to write off the cost less residual value of each assets over its expected useful life as follows:-
Fixture fitting and equipment 25% straight line
- 1.4 **Donation**
- Donation receivable are credited to the Statement of Financial Activities (SOFA)) in the year for the year which they are received.
- 1.5 **Resources Expended** Resources Expended are included in the Statement of Financial Activities (SOFA) on an accrual basis inclusive of VAT
- 1.6 **Unrestricted Funds**
Unrestricted Funds are donations and other incoming resources received or generated for the charitable purposes
- 1.8 **Restricted Funds** Restricted Funds are funds received which can only be used for the specific purpose as laid out by the donor Expenditure which meets this criterion is identified to the fund, together with a fair allocation of overheads costs. During the year there are no restricted fund.
- 2 **Income**
The total income of the organization for the year has been derived from its principal activity wholly undertaken in the UK
3 **Operating surplus** 2024 2023 Operating surplus is stated after charging £ £ Depreciation of tangible assets 412 550
Page 8 Gospel Assembly Church
## Notes to the Financial Statements
For the year ended 31 December 2024
- 4 **Fixed Assets**
|4
**Fixed Assets**
Fixture
Fittings
Freehold
equipment
Cost
£
01-Jan-24
2,945
Additions
522,494
31-Dec-24
2,945
522,494
Depreciation
01-Jan-24
1,297
0
Charge for the year
412
0
31-Dec-24
1,709
0
Net Book Values
31-Dec-24
1,236
522,494
31-Dec-23
1,709
0
5
**Creditors amount falling due with one yea**2,024
£
Creditor and accrual
950
Loan
35,000
35,950
6
**Summary of Assets by Fund**
2024
Unrestricted funds
Surplus bf
220,922
Surplus for the year
27493
248,415
5
**Creditors amount falling due with one yea**2,024
£
Loan Acc
10,232
Retention amount
37,200
47,432|Total
2,945
522,494|
|---|---|
||525,439|
||1,297
412|
||1,709|
||523,730|
||1,648|
||2,023
£
0
800|
||800|
||2023
185,263
35659|
||220,922|
||2,023
£
0
0|
||0|
7 Trustees Remuneration Some trustees were paid under PAYE Schemes
## Page 8
## Gospel Assembly Church Notes to the Financial Statements
## For the year needed 31 December 2024
|8
Total incoming resources
Unrestricted
Fund
2024
**£**
Voluntary Sources- Donation
53469
Gift Aids
8869
Banlk interest
2067
Total incoming resources
**64405**
9
**Direct Charitable Expenditure:**
Pastor House Exp
1200
Adminstration,confrence& Social
7205
Donation
4750
Rent -Hall Hire
10971
Inosurance
2781
Light and heat
134
Repairs & maintenace
1666
Travelling
775
Direct Charitable Expenditure:
**29482**
10
**Management & administration Expenditure**
Legal & professional
5740
Accountancy
800
Bank charges
371
Miscellaneeous
107
Depreciation
412
**Management & administration**
7430
**Total resources expended**
**36912**
Net movement in funds for the year
27493
FUND BALANCES B/F
220922
**FUND BALANCES C\F**
248415|Unrestricted
Fund
2023
**£**
51588
9687
1477
**62752**
3000
6233
2610
12728
345
0
365
533
**25814**
0
650
66
13
550
1279
**27093**
35659
185263
220922|
|---|---|