ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED ST 31 MARCH 2025 THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A Company Limited by Guarantee) CHARITY REGISTRATION NUMBER 1109020 COMPANY REGISTRATION NUMBER 04816237
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page 3 Legal & Administrative Information Pages 4 to 5 Report of the Directors, Page 6 Statement of Financial Activlties Page 7 Balance Sheet Page8to 12 Notes to the Financial Statements
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION NATURE OF BUSINESS Rellglous Organlsatlon COMPANY REGISTRATION NUMBER 4816237 CHARITY REGISTRATION NUMBER 1109020 DATE OF INCORPORATION July 2003 START OF FINANCIAL YEAR 1ST April 2024 END OF FINANCIAL YEAR 315T March 2025 DIRECTORS AT 31ST MARCH 2022 Maria Teresa Andres Nora Vazquez Jysel Alog COMPANY SECRETARY Maria Teresa Andres GOVERNING DOCUMENT Memorandum & Articles of Assoclatlon Incorporated 1# July 2003 as Amended 3rd Aprll 2005 OBJECTS A) To advance Christianity in accordance with the methods and Standards decreed In the Holy Blble and In Accordance with the Statement of Faith in the schedule to the articles hereto in such parts of the United Klngdom, the Phlllpplneg and the World as the trustees may from time to time think fit; and To relieve financial hardship and the distress caused thereby In such parts of the Unlted Klngdom, the Philippines and the World as the trustees mayfrom time to time think fit. B) REGISTERED ADDRESS: CIO 9 Churchfield House Hall Place Estate London W2 1 LY BANKERS: CAF BANK LIMITED 25 Klngs Hlll Avenue, King Hill, West Malling, KENT ME19 4JQ
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 The mortgages for the plot of the land for the churches in General Santos and Pangasinan, Philippines have reached full paymenL For our next project, we helO raise funds for completion of the church buildings which had an estimated worth of 12.15,000,000 Philippines pesos which converts to approximately £125,000 or more (varying according to currency exchange rates) and has now been finished. Furthermore, we have pursued 3 church buildings projects in Barangobong and Digap, Pangasinan and in Conception Luna Isabela. The construction of these churches are nearing completion. We pennanently send financial help to 9 church branches acros5 Ilocos Norte, General Santos, Pangasinan in the Phlllpplnes to buy relief goods including essentials such as rice, sugar, coffee, noodles, toothpasto, soap. otc. for those In the local area who are In need. We annual visit the churches in the Philippines for leaders, conferences as well as visit some families of our UK members in order to share the gospel. We, then refer them to local full.gospel churches in the Philippines. Upon our last mission, we began considering the prospects of opening a local church branch in the Isabela province in the Philippines. Throughout the years our Church holds different monthly events according to key dates in the calendar. In February, we have family themed night, March marks the mother's day celebratlon, our Easter Celebration service takes place in April, May is our church thanksgiving anniversary celebration, Father's nlght In June, July is for Youth night, August we have oryanised several guests to speak during our services for Christian Education for the needs for the members, September we have a Women's Night, October we have Singles Night and in December we have our Christmas Celebration. The main purposes for all of our monthly activities are to reach out and welcome non-christian believers. We have been able to continuously educate the new believers by going through Basic and Deeper Christian doctrine in order to help them to become stronger and more matured in their faith. We have daily bible studies online when pandemic started to the presenL All the ministry departments were able to fulfil their activities by expressing through gifts and talents in the fonn of biblical skitslplays, intsrpretative dances and Songs to further achieve evangelism and reaching for more souls. We give financial help and donate to regular members If there is a death of an immediate member of their family. The church organised successful enjoyable outlngs durlng yearly Bank Holldays to strengthen closeness through fellowship between members but to also focus on the main priority of evangelising to those guests invited to join us during these outings.
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2025 STATEMENT OF DIRECTOR'S RESPONSIBILITIES: The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each flnancial year which give a true and for view of the state of affairs of the charity as at the end of the financial ear and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to: select suitable accounting policies and then apply them consistently; makes judgments and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; state whether appllcable accountlng standards and statements of recommended practice have been followed, subject to any material departures dlsclosed and explained in the financial statement. The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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. The Directors are also responsible for the contents of the Directorfs report, and the responsibility of the Independent examiner in relation to the Directors, report is limited to examining the report and ensuring that on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. These accounts have been prepared in accordance with the provisions applicable to companies, subject to the small companies, regime. l approve the attached statement of financial activities and balance sheet for the year ended 31st March, 2025 and confirm that I have made avallable all information necessary for its preparation. Approved by the Director on the IV 0vEo6 Signed on their behalf by Director Print Name:
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 {INCORPORATING INCOME & EXPENDITURE ACCOUNT) Unr•$tri¢ted Restricted Funds Funds TOTAL 2024125 TOTAL 2023124 Notes INCOMING RESOURCES Incoming Resources from Generated Funds Voluntary Income Interest Income TOTAL INCOMING RESOURCES 29,805 120 29,925 29,805 120 29,925 43,177 56 43,233 RESOURCES EXPENDED Cost of Generating funds Costs of Charitsble Activities 36,342 36,342 43,250 Govemance Costs TOTAL RESOURECES USED 4b 1,165 37,507 375 43,625 37,507 NET INCOMING {OUTGOING> RESOURCES (7,582) 17582) (391) Total Funds Brought Forward 70,512 70,512 70,9)3 TOTAL FUNDS CARRIED FORWARD 62,930 62,930 70,gJ3 Movements on all reserve and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing. The notes on pages 8 to 12 from part of these flnancial statemenls.
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31ST MARCH 2025 Nots Unrestrictsd Restrlctsd Funds Funds TOTAL 2024125 TOTAL 2023124 Current Assets Cash in bank and in hand 63,380 63,380 72,234 Total Current Assets 63,380 63,380 72,234 Creditors: due within one year 1,722 NET CURRENT ASSETS 62,930 62,930 70,512 NET ASSETS 62,930 62,930 70,512 Funds of the Charity General Funds Restrlcted Funds 62,930 62,930 70,512 62,930 62,930 70,512 Directors, Responsibilities: The dlrectors are satlsfied that for the year ended on 31•t March, 2025, the charilable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companles Act 2006 and that no member or members have required the company to obtaln an audlt of Its accounts for the year in question in accordance with section 476 of the ACL The dlrectors acknowledge their responsibility for complying with the requirements of the companies Act 2006 wlth respect to accountlng records and the preparation of accounts. The accounts have been prepared in accordance wlth the provlslons In Part 15 of the Companies Act 2006b applicable to companles, subject to the small companies, regime and in accordance with the Financial Reporting Standard for Smaller Entities {effectlve Aprfl 2008). The directors acknowledge their responsibility for ensuring that the company keeps proper accountlng records which comply with section 386 of the Act and for preparlng flnanclal statements whlch glve a true and fair view of the state of affairs of the company as at the end of the flnanclal year and If Its profft and loss of the financial year and if profit and lost for the financlal year In accordance wlth the requirements of sections 394 and 395 and which otheIse comply wlth the requlrements of the Companies Act 2006 relating to accounts, so far as applicable to the Company. Approved by the Directors on the 2fy NoE m e) ÈL JD? Signed on their behalf by Director Print Name IA TEKkSA J. AhlDR89
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 1. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared in accordance wlth all appllcable accountlng standard, as modlfied by the SORP. The accounts have been drawn up in accordance with the provisions of the Charities (Accounts and Reports). Regulations 2008 and the Companies Act and include the results of the charity's operations which are described in the Trnslees, Report, all of whlch are continuing. Advantage has been taken of Section 396 (5) of the Companies Act 2006 to allow the forniat of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. The company has been taken advantage of the exemption In Financial Reporting Standard No. 1 from the requirement to produce a cash flow statement. The partlcular accountlng pollcles adopted are set out below. Incomlng Resources Recognition of Incoming Resource5 These are included in the Statement of Flnanclal Actlvltles (SOFA) when: The Charity becomes entitled to the resources; The trustees are vlrtually certaln they wlll receive the resources; and The monetary value can be measured wlth sufflclent rellablllty. Incoming Resources with Related Expenditure Where incoming resources have related expendlture (as wlth fundralslng or contract income) the incoming resources and related expenditure are reported gross in the SOFA Grants and Donatlons Grants and Donations are only Included in the SOFA when the charity has unconditlonal entitlement to the resources. Tax Reclaims on Donations and Gifts Incoming Resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Gifts in nd Gifts in kind are accounted for at a reasonable estimate of their value to the charity orthe amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. Donated Services and Facllities These are only included in incomlng resources (with an equivalent amount in resources expended) where the benerts to the charity Is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer Help The value of any voluntary help recelved Is not Included in the accounts but is described in the trustee's annual report.
Invesknent In¢ome This is included in the accounts when receivable. Invesfynent Galns and Lessees This included any gain or loss on the sale of invesknents and any gain or loss resufting from revaluing investments to market value at the end of the year. Llability Recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Expenditure and Liabilities Governance Costs Include costs of the preparatlon and examination of statutory accounts. the costs of the trustees. meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with Perforniance Condition Where the charity gives a grant wlth conditlons for Its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or outpul. Grants Payable wlthout Perfomiance Condltlons These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. Support Costs Support Costs include central functions and have been allocated to the activity cost categories on a basis conslstent with the use of the resources, e.g. allocating property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage. Investments Investments quote on a recognised stock exchange are valued at market value at eh year end. Other Investment assets are included at trustee's best estimate of marf(et value. FixedAssets Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, If gifted, at the value to the charlty on receipt. Change to Accounting Policies and Methods of Valuation There has been no change to the accounting policies (valuation rules and methods of accounting) since last year. Depreciation is calculated at a rate to write off the cost of the tangible fixed assets on a reducing balance over their estimated useful lives. The rates applled per annum are as follows: Fixture and Flttlngs 25% 2. TANGIBLE FIXED ASSETS All tangible assets were depreciated and there were no new fixture and fittings for the year ended 31# March 2025. The annual commllments under non.cancelllng operatlng lessees, capltsl commltments, Contlngent Llabilities are as follows: 318t March 202S: None 31¥t March 2024: None
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 3. INCOMING RESOURCES Note Unrestricted Restricted Funds Funds TOTAL 2024125 TOTAL 2023124 Voluntary Income Members Gits & Offerlngs 29,805 29,805 29,805 29,805 43,177 43,177 4. RESOURCES EXPENDED a) Costs of Charitable Activities Equlpment Costs Telephone and Stationery Insurance C05t Mlnlster's Salary Minister's Pension Mlnlstry Actlvltles Missions & Love Gifts to Philippines Misslon Help Towards Buildings Rent & Rates Event Speakers Expenses Petty Cash Refurbishing Church members help 238 750 16,468 1,878 925 1,959 3,000 8,200 750 675 1,200 300 36,342 238 750 16,468 1,878 925 1,959 3,000 8,200 750 675 1,200 300 36,342 63 351 17,285 1,768 350 3,377 14,271 4385 400 400 43,250 b) Governance costs Professional Fees Bank Charges 534 631 1,165 534 631 1,165 350 25 375 10
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 5. STAFF COSTS AND NUMBER 31.Mar-24 31-Mar-24 Wages and Salaries Penslon 16,468 1,878 18,346 17,285 1,768 19,053 The Charity operates payroll under a PAYE scheme. Employees who were engaged in each of the following activities: 31-Mar-24 31-Mar.24 Activities in furtherance of organisation's objectives The company operates payroll under the PAYE Scheme. No employees recelved emoluments above £60,000 {2022: None). 6. DEBTORS AND PREPAYMENTS 31.mar 24 31-Mar-23 Prepayments 351 351 7. CASH AT BANK AND IN HAND 31.mar 24 31-Mar-23 Cash in Bank and in Hand 67,387 67,387 70,902 70,902 . CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Mar-25 31.Mar-24 Accruals 450 1,722 450 9. RESTRICTED FUNDS There were no restrlcted funds during this or the previous financial period.
THE GOOD SHEPHERD CHRISTIAN MINISTRIES (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 10. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES The Company is Limited by Guarantee and Is a Charlty reglstered wlth the Charity Commission number 1109020 and does not have a Share Capllal. The company has no Income whlch Is subject to corporation tax. 31-Mar.25 31-Mar.24 Profft l Deficit for the financial year other Recognised Gains (7,582) {391) ,582 391 Balance Brought Forward 70,512 70,903 Closing Funds at 31st March 2025 62,930 70,512 11. PAYMENTS TO DIRECTORS No payments were made to Diredors or any persons connected with them durlng thls flnancial period. No materfal transaction took place between the charity and a trustee or any person connected wlth them. 12, RISK ASSESSMENT The Dlrectors actively review the major rlsks whlch the ¢harlty faces on a regular basis and believe that maintaining the fee reserves stated, combined with the annual review of the controls over key flnanclal systems carrled out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined otheroperatlonal and buslness rlsks which they face and confinn thatthey have established systems to mitigate the significant risks. 13. RESERVE POLICY The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of ¢ommitments held. The Directors aim to ensure the charity will be able to continue to fulfil their charitable objectives even if there is a temporary shortfall in income. The Directors will endeavour to not'sit, on funds unnecessarily. 14. PUBLIC BENEFIT The charty acknowledges its qUirement to demonstrats clearly that it must have charitable purposes or aims, that are for the publlc benellt. Detalls of how the charity has achieved this are provided In the Trustees report. The Trustees conllnn that they have paid due regard to the Charity Commission guidance on public benefit before deciding what adlvltles the charlty should undertake. 12