FOUNTAIN GATE CHAPEL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
COMPANY NUMBER . 05756205
CHARITY NUMBER . 1114211

FOUNTAIN GATE CHAPEL
TRUSTEES:
REV GRANT BULMUO
MS SABINA BINEY
MR JOSEPH BEDIAKO
CHARITY REG NO.:
1114211
BANKERS:
HSBC
46 OLD CHURCH ROAD, CHINGFORD
LONDON
ACCOUNTANTS:
ETERNAL EXCELLENCY LIMITED
(CHARTERED CERTIFIED ACCOUNTANTS )
20 ELMBOURNE DRIVE
KENT
DA17 6JF

FOUNTAIN GATE CHAPEL
TABLE OF CONTENTS
I) TRUSTEES REPORT
2) EXAMINERS REPORT
3) INCOME AND EXPENDITURE ACCOUNT
4) BALANCE SHEET
5) NOTES TO THE ACCOUNT

FOUNTAIN GATE CHAPEL
TRUSTEES, REPORT
The Trustees present their report together with the accounts for the period ended 31 March
2025. The accounts have been prepared in accordance with the Statement of Recommended
Practice and applicable law.
Ob ectives of the Chari
Princi
al Activities and Or
anisation of our work
Fountain Gate Chapel (FGC) is a company limited by guarantee and not having a share
capital. The objectives of FGC are:_
a) to advance the Christian religion for the public benefit in accordance with the doctrines of
our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism,
distributing of literature and tracts, broadcasting and such charitable means as the trustees
consider appropriate; and
b) the relief of poverty by such charitable means as the trustees consider appropriate.
The principal activities of the church are Christian worship, Christian outreach program to
increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the
development of the whole man, spiritually, mentally and physically.
We have a number of volunteers who assist in helping us achieve our objectives.
Develo
ment Activities and Achievements in the
eriod
Fountain Gate Chapel was incorporated as a company limited by guarantee on 24 of March
th
2006 and became a registered charity on the 16, of May 2006. The charity ministers to the
needs of various social groups within and outside the church. The charity provides forum for
manpower development for its members to be equipped, educationally, socially and
spiritually. It offers various counselling sessions to the needy, unemployed, and educational
and makes referral when ever the need arises.
FGC'S services are held at a leased premise in Excel House, 312 High Road, Tottenham,
London Nl 5 4BN and has continued to introduce programs geared towards the development
of the whole man.
Review of financial
osition
Please refer to the annexed account for the details of the Financial Statements for the year
ended 31" March 2025.

FOUNTAIN GATE CHAPEL
TRUSTEES, REPORT (CONTINUED)
Statement of Trustees, Res
onsibilities
The Charities Act requires the Trustees to prepare fmancial statenients foi" each financial N'ear
Vl*hiiieh (Tjl'e a true and fair view: of the state of affairs of the cliarity and of the surplus or -
deficit of the charity for that period. In preparin<J these financial statements: tlie trustees are
requested to:
Select suitable accounting policies and then apply theni consistentl}':
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of recommended practice
have been followed, subj ect to any depaitures disclosed and explaiiied in the tinancial
stateinents:
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 accountin(y records. vihich disclose Niith
reasonable accurac},- at any time tlie financial position of the charity and to enable theni to
ensure that the fmancial statements complj. with the Charities Act. The! are also responsible
for ,8ateguarding the assets of the charity ￿]d Iience for taking reasonable steps for the .
prevention and detection of fraud and othei" irreoularities.
Trustees
The niembers of the trustees during the yeai" were
Reverend Grant Bulmuo
Ms Sabina Biney and
Mr Joseph Bediako
roi'al
This report was approved by the board of trustees on the ................and signed on its behalf
by:
MR JOSEPH BEDIAKO
DATE

FOUNTAIN GATE CHAPEL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
i Oral
Funds
2025
Unrestricted Restricted
Funds
Funds
i 01a1
Funds
2024
Notes
Incoming Resources
Incoming Resources From Donors
44,549
44,549
60,121
Other Voluntary Income
70
70
1,768
Total Incoming Resources
44,619
44,619
61,889
Resources Expended
Church Administration and Ministry
34,545
34,545
50,787
Church Management
1,800
1,800
1,800
Total Resources Expended
36,345
36,345
52,587
Net Income (Outgoing) For The Year
8,275
8,275
9,302
Net Movement In Funds
Total Funds As At 1st April
27,853
27,853
18,551
Total Funds As At 31st March
36,128
36,128 27,853

FOUNTAIN GATE CHAPEL
BALANCE SHEET AS AT 31ST MARCH 2025
NOTES
2025
2024
Fixed Assets
Tanglble Assets
Current Assets
Bank
37,928
29,653
Other Debtors
Current Liabilities
Creditors & Accruals
1,800
1,800
Long Tenn Liabilities
Debt due after 1 year
Net Assets
36,128
27,853
Reserves
36,128
27,853
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477(2
of the Companies Act 2006
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The trustees acknowledge their responsibilities for:
i) ensuring the company keeps accounting records which comply with Section 386; and
ii) preparing accounts which give a true and fair view of the state of affairs of the company as
at the end of the financial year, and of its profit or loss for the financial year, in accordance
with the requirements of section 393, and which otherwise comply with the requirements of
the Companies Act relating to accounts, so far as is applicable to the company.
The financial statements were approved by the Board on
On Behalf Of Board Of Trustees
Joseph Bediako

FOUNTAIN GATE CHAPEL
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
1)
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in
accordance with applicable accounting standards, the Charities SORP (Statement of
Recommended Practice. Accounting and Reporting by Charities (revised February
2005) )and the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2 Fund Accounting
Unrestricted funds are general 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
designed for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by the donors or which have been raised by the charity for particular PiifposrJ.
1.3 Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the
church is legally entitled to the income and the amount can be quantified with
reasonable accuracy. Income is deferred only when the charity has to fulfil conditions
before becoming entitled to it or where the donor has specified that the income is to be
expended in a future period. Therefore Tithes, Offerings, Donations and similar
Incoming Resources are included in the year they are receivable, which is when the
Charity becomes entitled to the resources.
1.4 Resources Expended
All expenditure is accounted for on an accruals basis and have been included under
expense categories that aggregate all costs for allocation to activities. Where costs
annot be directly attributed to particular activities they have been allocated on a basis
consistent with the use of the resources. The Charity is not registered for VAT and
expenditure are are accordingly reflected gross of irrecoverable VAT.
Governance costs are those incurred in connection with administration of the church and
compliance with constitutional and statutory requirements. Grants payable are charged
in the year when the offer is made except in those cases where the offer is conditional,
such grants being recognised as expenditure when the conditions attaching are fulfilled.
Gi-ants offered subject to conditions which have not been met at the year end are noted
as a commitment, but not accrued as expenditure.
1.5 Tangible Fixed Assets and Depreciation
angible fixed assets are stated at cost less depreciation. Depreciation is provided at
rates calculated to write off the cost of fixed assets, less their estimated value, over their
expected useful lives on the following bases..
Church and Office equipment - 25 % straight line

FOUNTAIN GATE CHAPEL
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
2)
Income From Donors
Tithes & Offerings
Thanksgiving
44,549
60,121
44,549
60,121
3)
Other Voluntary Income
Other Income
70
1,768
70
1,768
4)
Church Administration & Ministry
Church Outreach
Transportation Expenses
Insurance
Training
Music Expenses
Donations & Welfare
Other Church Running Expenses
Rent and Rates
4,074
353
3,307
767
3,341
1,900
500
5,347
24,271
350
9,071
32,051
34,545
50,787
5)
Church Management
Professional fees
1,800
1,800
1,800
1,800
10

FOUNTAIN GATE CHAPEL
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
6)
Tangible Fixed Assets
At cost
Motor
Vehicles
Total
Gross Book Value
Additions at cost
Disposals at cost
At 1 Apr 2024
18,956
18,956
Gross Book Value
At 31 Mar 2025
18,956
18,956
Depreciation
Depreciation
At 1 Apr 2024
Depreciation Charge for the year
Depreciation on Disposal
18,956
18,956
Total Depreciaton
At 31 Mar 2025
18,956
18,956
Net Book Value
Net Book Value
Net Book Value
At 31 Mar 2025
At 31 Mar 2024
7)
Creditors & Accruals
2025
2024
Other Creditors
Accruals
1,800
1,800
1,800
1,800
8)
Long Term Liability
2025
2024
Mortgage Account
9)
Reserves
2025
2024
Balance b/f
Surplus for the year
27,853
8,275
18,551
9,302
Balance c/f
36,128
27,853