Registered Charity Number 01120767
Registered Company Number 05877722
## **Gatehouse Apostolic Ministries International**
Report and Accounts
For The Year Ended
31 December 2021
## **Gatehouse Apostolic Ministries International Report and accounts Contents**
||**Page**|
|---|---|
|Charity and Company information|**3**|
|Trustee's Report (including Statement of Directors'/Truestees'|**4 - 7**|
|Responsibilities)||
|Accountants' report|**8**|
|Statement of Financial Activities|**9**|
|Balance sheet|**10**|
|Notes to the accounts|**11 - 15**|
## **Gatehouse Apostolic Ministries International Company Information**
## **Directors**
Reverend Samuel Olumoyegun - Chairman Reverend Babatunde Ogedengbe Reverend Abiola Bamigbade Dr Joy Jinmi
## **Secretary**
Reverend Abiola Bamigbade
## **Accountants**
K. Amos & Co. Chartered Certified Accountants Suite 3, 80A Blackheath Road, London, SE10 8DA.
## **Bankers**
HSBC Plc
## **Registered office**
Whitehill House, 6 Union Street, Luton, LU1 3AN
**Registered company number** 05877722
**Registered charity number** 1120767
3
**Gatehouse Apostolic Ministries International**
## **The report of the trustees for the year ended 31 December 2021**
## **Introduction**
**The trustees present their annual report and accounts for the year ended** 31st December 2021. **31st December 2011. Suggested form of an introductory comment** (delete this text)
TheThe board of trustees are satisfied with the performance of the charity during the year and the position at board of trustees are satisfied with the performance of the charity during the year and the position at **31st December 2011** and consider that the charity is in a strong position to continue its activities 31st December 2021 and consider that the charity is in a strong position to continue its activities during during the coming year, and that the charity's assets are adequate to fulfil its obligations. the coming year, and that the charity's assets are adequate to fulfil its obligations.
## **Name, registered office and constitution of the charity**
The full name of the charity is **Gatehouse Apostolic Ministries International** . The charity is also known by the name **Kingdom Arena** .
_Date of incorporation_ 17th July 2006 _Company Registration Number_ 05877722 _The Registered Office is_ Whitehill House, 6 Union Street, Luton, LU1 3AN _Charity Registration Number_ 01120767 _Charity incorporation date_ 5th September 2007
## **Objectives and Activities of the Charity**
## _**A summary of the objects of the charity as set out in its governing document.**_
The charity's principal objectives are the propagation of the gospel, the advancement of christian faith and to serve the wider society by pursuing aims consistent with our christian moral and spiritual values.
Each year, the Board of Trustees reviews the objectives and activities to ensure they continue to reflect charity's aims.
## _**Public benefit that is provided by the charity**_
In the year review, the Trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplimentary public guaidance on the advancement of religion for the public benefit.
The charity exists for the public benefit and opens its services and activties to all and provided support to less priveleged and needy people through gifts in kind and where appropriate financial assistance, giving financial support to other charities that share common values and also organise training and events in
## **Achievements and Performance of the Charity**
## **Summary**
## **1. Regular programmes**
- Our usual activities resumed uninterrupted from October 2022. Sunday worship services were held on our Church site but now also incorporated with broadcasts on Facebook and YouTube regularly for motivating and inspiring members towards godliness and life fulfilment particularly to encourage Church members in the new normal and reset of the agenda of the Church life. However, our weekly Empowerment Hour still holds online on the two platforms mentioned above. We have not been able to resume the mid-week service due to the low turn out for the Church life on Sundays.
In addition to these services we have added another weekly program called Awaken The Leadership In You and airs every possible Friday aimed at empowering God’s people mentally. It focuses on Book Summaries written by business leaders and entrepreneurs.
- We could not hold our regularly Monthly Vigil/Prayer yet but we kept our monthly three days monthly Prayer and Fasting and ongoing.
- Also, in addition we kept our annual 3 batches of 7-days of partial fast and prayers that were usually observed in the months of January, July and December respectively.
- Choir practice rhythm has resumed.
- Women of Wisdom meetings which normally hold on alternate months with a focus to empower, enable and equip women to perform their roles at home particularly and society at large successfully continued
4
**Gatehouse Apostolic Ministries International**
## **The report of the trustees for the year ended 31 December 2021**
q p p p to hold howbeit online.
y
y g
y
-Empowerment Hour is our regular Wednesday teaching session that is aimed at developing a spiritually balanced person with good citizen skills through the respect for the laws of God and the State.
## **2. Community Outreach Achievements**
- Hope Arise Outreach, a Homeless feeding initiative was born in March of 2009. This Outreach focused on those who are living at the fringes of our Luton community. This comprises of the Polish homeless immigrants, the indigene rough sleepers and those with alcoholic problems. This outreach has metamorphosed into hot and cold food distribution every Saturday at the Town Centre among the rough sleepers living on the peripheries of our Town Centre.
## **3. Mental-empowerment Achievements**
We continued with our Bible and leadership training through the Abba Leadership Institute but online through Zoom. This year’s School calendar started of with the completion of the first year that resumed in October while some continued on to the second year of the online study.
## **4. Kingdom Arena, Ibadan, Nigeria**
We purchased a building (a 4-bedroom bungalow) in the city of Ibadan, with the aim of converting it to a Church premise as an extension of Kingdom Arena in the country of Nigeria in the month of July 2022. There is an ongoing plan to build an edifice on it with time that accommodates a community-focus approach to ministry.
## **Structure, Governance and Management**
## _**Nature of the Governing Document and constitution of the charity**_
The Gatehouse Apostolic Ministries International was registered as a charitable company (Registration number 05877722) with Companies House on 12 July 2006 and is limited by guarantee. The governing document is the memorandum and articles of association dated 24 April 2006.
The church was registered as a charity with registration number 1120767 by Charity Commission of England and Wales on 5 September 2007.
## _**The methods adopted for the recruitment and appointment of new trustees**_
The Board of Trustees consists of at least three and not more than seven individuals, all of whom must be members. Trustees are appointed by the Board of Trustees using basic skills and experience method. InsertDue consideration is given to what is required to make the Board as efficient and effective in its suitable text, decribing the risks to which the charity is exposed, both financial and none financial , perfomance and workings. The Trustees serves a term of three years which is renewable or extendable and the steps the trustees have taken to address those risks. at the discretion of the Board.
This section cannot be correctly completed without the trustees first having studied in detail the Charity The existing trustees are already familiar with the practical work of the charity.Commission guidance on risk management
Any new trustee are invited and encouraged to undergo induction training to familiarise them with the This may be omitted if the charity is not subject to statutory audit charity and its legal obligations, roles and responsibilities and its operational framework including
## **Financial Review**
## _**Policies on reserves**_
The position of the Board is to maintain sufficient unrestricted funds to cover operations and management running costs for a period of 6 months. In deciding the level of reserves, the trustees considered the forecasts of levels of income and expenditure for the coming year, the reliability of each source of income and the prospects of new sources of income. The trustees believes that the current level of unrestricted funds maintained by the charity is adequate for its management.
Restricted funds are reserve of money that can only be used for specific purposes. It provides reassurance to donors that their contributions will be used in a manner they have chosen.
5
**Gatehouse Apostolic Ministries International**
## **The report of the trustees for the year ended 31 December 2021**
## _**Transactions and Financial position**_
The financial statements are set out on pages 9 to 15. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). As Give the requiredstated in the introduction to this report, the trustees consider the financial performance by the charity details during the period to have been satisfactory.
The Statement of Financial Activities shows net incoming resources for the year of a revenue nature of £82,181 (including gift aid contributions) and total outgoing resources of £95,122. An exceptional income received in year 2021 by way of Covid-19 Coronavirus Job Retention Scheme (CJRS) grant of £14,685 resulting in a net overall surplus of £1,744.
Free net unrestricted liquid reserves amounted to £3,680.
## _**Specific changes in fixed assets**_
During the year under review, there was movement in fixed assets. Various church media related equipment were acquired to the sum of £2,666. The sum of £20,000 was expended during the year in buying a land property and building a church building in Ibadan City in Oyo State in Nigeria.
## _**Share Capital**_
The company is limited by guarantee and therefore has no share capital.
## **The members of the Board of Trustees of the Charity during the year ended 31st December 2020 and who approved the accounts were :-**
Reverend Samuel Olumoyegun - Chairman Reverend Babatunde Ogedengbe Reverend Abiola Bamigbade Dr Joy Jinmi
All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Acts.
## **Statement of Directors' and Trustees' Responsibilities**
The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year 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;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
- state whether applicable accounting standards and statements of recommended practice have been followed , subject to any material
The Trustees 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 trustees are also responsible for the contents of the trustees' report.
6
## **Gatehouse Apostolic Ministries International**
## **The report of the trustees for the year ended 31 December 2021**
## **Method of preparation of accounts**
These accounts have been prepared in accordance with the provisions of Charities Act and Companies House 2006 applicable to companies subject to the small companies regime.
## **Reverend Samuel Olumoyegun Director and Trustee**
7
**Gatehouse Apostolic Ministries International Independent Accountant's Report**
## **Report of the Independent Accountant to the trustees on the accounts of the Charity for the year ended 31 December 2021**
We report on the financial statements of the charity on pages 9 to 15 for the year ended 31 December 2021 which have been prepared in accordance in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE) , effective April 2008, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 revised in June 2008, (The SORP), under the historical cost convention and the accounting policies set out on page 10.
## **Respective responsibilities of directors and accountant**
As described on page 7 **,** the charity's trustees, who are also the directors of the company for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the charity is exempt from an audit under Section 477 of the Companies Act 2006.The trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us.
## **No statement of opinion**
We have not carried out any audit procedures and have relied upon information supplied to us by the trustees , and the information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
Amos Oloruntobi (FCCA) For and on behalf of: K. Amos & Co. Chartered Certified Accountants Suite 3, 80A Blackheath Road, London, SE10 8DA.
The date upon which this report was completed is :- 21 September 2022
8
**Gatehouse Apostolic Ministries International**
## **Statement of Financial Activities For the year ended 31 December 2021**
|**Notes**
**Income**
**Income from charitable activities**
Voluntary income: donations
2
Bank interest received
3
Gift Aid income
**Total income**
**Resources Expended**
Charitable activities
5
Other charitable purposes
6
Management & administration of charity
7
**Total resources expended**
**Net incoming/(outgoing) resources**
**Exceptional income - Covid-19 CJRS grant received**
**Net Movements in Funds**
**Fund balances as at 1 January 2021**
**Funds balances as at 31 December 2021**|**Notes**|**Unrestricted**
**funds**
72,460
11
9,710
**82,181**
62,820
13,333
18,969
**95,122**
**(12,941)**
**14,685**
**1,744**
**(13,023)**
**(11,279)**
**2021**|**Total**
**Funds**
**£**
72,460
11
9,710
**82,181**
62,820
13,333
18,969
-
**95,122**
**(12,941)**
**14,685**
**1,744**
**(13,023)**
**(11,279)**|**2020**
**Total**
**Funds**
**£**
86,194
-
13,289|
|---|---|---|---|---|
|||||**99,483**|
|||||77,700
10,393
17,743|
|||||**105,836**|
|||||**(6,353)**
**7,830**|
|||||**1,477**
**(14,500)**|
|||||**(13,023)**|
All incoming and expended resources derive from continuing activities.
All movements are in unrestricted funds.
The notes on pages 11 to 15 form part of these financial statements.
9
**Gatehouse Apostolic Ministries International**
## **Balance Sheet as at 31 December 2021**
|**Balance Sheet**
**as at 31 December 2021**||||
|---|---|---|---|
|**Notes**
**Fixed assets**
**Current assets**
Debtors
9
Cash at bank - Deposit account
Cash at bank - Current account
**_Total current assets_**
**Creditors:-**
amounts due within one year
10
**Net current assets**
**_Total assets less current liabilities_**
**Long term liability**
Bank loan
**Net Assets/Liabilities employed**
**_The funds of the charity :_**
**Funds**
**General funds**
**Designated property/building fund**
**Total charity funds**
Average number of employees|**2021**
**£**
26,978
-
3,690
804
4,494
(7,792)
(3,298)
23,680
(20,000)
**3,680**
11,279
-
14,959
**3,680**
**Number**
2|**2020**
**£**
5,104
4,426
11,890
1,879
18,195
(21,363)
(3,168)
1,936
-
**1,936**
13,023
-
14,959
**1,936**
**Number**
2||
|||||
||||1,936
-|
||||**1,936**|
||||13,023
-
14,959|
||||**1,936**|
||||**Number**
2|
The directors are satisfied that for the year in question the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director(s) acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
**Reverend Samuel Olumoyegun Trustee Approved by the board of trustees on 21 September 2022**
**The notes on pages 11 to 15 form an integral part of these accounts.**
10
**Gatehouse Apostolic Ministries International Notes to the Accounts for the year ended 31 December 2021**
## **1 Accounting policies**
## **a) Basis of preparation of the accounts**
The financial statements have been prepared in accordance with all applicable accounting standards, as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, effective April 2005 (revised June 2008) (The SORP). The accounts have been drawn up in accordance with the provisions of the Charities (Accounts and Reports) Regulations 2008 and the Companies Acts, and include the results of the charity's operations which are described in the Trustees' Report, all of which are continuing.
Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the company's operation and in order to comply with the requirements of the SORP.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement.
The particular accounting policies adopted are set out below.
## **b) Accounting convention**
The financial statements are prepared,on a going concern basis, under the historical cost convention.
## **c) Incoming Resources**
Incoming resources such as titles, offerings and other donations are accounted for on a receivable basis.
Investment income consists of net interest received on bank deposit account during the year and recorded as unrestricted.
## **d) Fixed assets and depreciation**
All tangible fixed assets are stated at cost less depreciation.
Items of less than £100 are not capitalised.
Depreciation has been provided at the following rates in order to write off the assets (less their estimated residual value ) over their estimated useful economic lives.
Fixtures & fittings 25% straight line Plant & Equipment 25% straight line Musical equipment 20% straight line Office furnture 20% straight line Motor vehicle 25% straight line
## **e) Taxation**
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities. No tax liability has arisen for the charity in the course of its activities.
## **f)[Resources expended]**
All expenditure is accounted for in this financial statement on an accrual basis and has been classified under headings that aggregate all costs related to the category. Resources expended includes attributable VAT which cannot be recovered and is reported as part of the expenditure to which it relates:
- Cost of generating voluntary funds comprise the costs associated with attracting voluntary income.
- Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and
11
**Gatehouse Apostolic Ministries International Notes to the Accounts for the year ended 31 December 2021**
activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include the accountants' fees and costs linked to the strategic management of the charitable company.
-
- All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of th resource. Costs relating to a particular activity are allocated directly; others apportioned on an appropriate basis.
## **g) Funds**
|At 1st January 2021
Surplus/(deficit) for the year
Designated property/building funds in the year
**At 31st December 2021**|**General**
**Designated**
**Funds**
**Build Funds**
**£**
**£**
(13,023)
14,959
1,744
-
-
**(11,279)**
**14,959**|**Total**
**2021**
**£**
1,936
1,744
-
**3,680**|**Total**
**2020**
**£**
(14,500)
1,477
-|
|---|---|---|---|
||||**(13,023)**|
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.
Restricted funds are funds that account for situations where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose. There was a brought forward balance of £14,959.00 as at 1st January 2021.
.
The designated purpose for this set of restricted is to provide adequate funding for the property maintenance to make the current site fit for purpose and sustainable, as well as provide funds to make a deposit towards
## **h) Finance and operating leases**
Assets purchased under finance leases are capitalised as fixed assets, and the obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.
Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred.
|**2**
**Voluntary income**
Donations
**3**
**Investment income**
Bank interest received
**4**
**Net incoming resources for the year**
This is stated after charging:
Depreciation
Trustees/Directors' remuneration (see note 5)
Accountants' fees|**2021**
**£**
72,460
**2021**
**£**
11
**2021**
**£**
2,015
23,496
1,200|**2020**
**£**
86,194|
|---|---|---|
|||**2020**
**£**
-|
|||**2020**
**£**
1,276
24,496
1,200|
12
**Gatehouse Apostolic Ministries International Notes to the Accounts for the year ended 31 December 2021**
|**5**
**Resources expended on charitable activities**
Welfare and training
Staff cost
Mission/Outreach meetings
Guest speakers/honorarium
Rent, rates & service charges
Advertising & promotion
Donation to other Charities
**Staff costs:**
Minister in charge
Pastoral care
Other salaries
Pension|**2021**
**£**
3,418
40,567
3,550
1,100
8,623
5,262
300
62,820
**2021**
**£**
11,496
13,190
12,000
3,881
40,567|**2020**
**£**
2,720
39,598
2,135
1,200
27,738
3,195
1,114|
|---|---|---|
|||77,700|
|||**2020**
**£**
11,496
11,116
13,000
3,986|
|||39,598|
During the year, Reverend Babatunde Ogedengbe, who is also a trustee director, earned a salary of £11,496 (2020 - £11,496). He was also paid a total pastoral care to the sum of £13,190 for his service in furthering the objectives of the charitable company.
Reverend Bola Ogedengbe, who is the spouse of Reverend B. Ogedengbe, was paid £12,000 (2020 - £13,000) in remuneration for her service in furthering the objectives of the charitable company.
The authority for the above remuneration payments was given by the charitable company's memorandum of association.
There were no fees or other remuneration paid to other trustees.
The average number of employees, analysed by function, was:
|Church
Administration
**6**
**Resources expended on other charitable activities**
**Provision of charitable services:**
Legal, consultancy & professional fees
Conferences & meetings
Repairs & maintenance
Hospitality/Entertainment
Motor vehicles running expenses
Musician/instrumentalist
Transport/traveling|**2021**
No.
1
1
2
**2021**
**£**
1,747
-
2,778
401
2,637
580
5,190
13,333|**2020**
No.
1
1|
|---|---|---|
|||2|
|||**2020**
**£**
2,574
206
2,749
30
1,317
62
3,455|
|||10,393|
13
## **Gatehouse Apostolic Ministries International Notes to the Accounts for the year ended 31 December 2021**
|**7**
**Governance costs:**
**Management and adminstration**
Telephone (internet costs)
Stationeries, printing and postage
Bank, card charges and HP interest
Insurance
Subscriptions and membership
Accounting fees
Utilities
Equipment expensed
Equipment hire
Software/Christian books and literature
General expenses
Depreciation|**2021**
**£**
3,438
372
79
3,367
1,007
1,200
4,444
1,051
1,249
734
13
2,015
18,969|**2020**
**£**
3,373
-
833
2,758
1,457
1,200
4,347
599
1,249
638
13
1,276|
|---|---|---|
|||17,743|
**8 Tangible fixed assets**
|**Asset cost:**
At 1 January 2021
Additions
Disposals
At 31 December 2021
**Accumulated depreciation:**
At 1 January 2021
Eliminated on disposals
Charge for the year
At 31 December 2021
**Net book value**
At 31 December 2021
At 31 December 2020|**Land &**
**building**
**Fixtures**
**&**
**fittings**
**Office**
**equipment**
**Plant,**
**Machinery**
**£**
**£**
**£**
**£**
-
4,478
8,233
20,844
20,000
-
3,889
-
-
-
-
-
20,000
4,478
12,122
20,844
-
4,478
7,649
20,844
885
-
-
4,478
8,534
20,844
20,000
-
3,588
-
-
-
584
-|**Musical**
**equipment**
**£**
26,558
-
-
26,558
26,558
-
26,558
-
-|**Motor**
**Vehicles**
**£**
25,184
-
-
25,184
20,664
1,130
21,794
3,390
4,520|**Total**
**£**
85,297
23,889
-|
|---|---|---|---|---|
|||||109,186|
|||||80,193
2,015|
|||||82,208|
|||||26,978|
|||||5,104|
## **9 Debtors**
|**9**
**Debtors**
Other debtors - HP interest unrealised
**10 Creditors: amounts falling due within one year**
Creditors & accruals
Accounts fees
Hire Purchase car|**2021**
**£**
-
**2021**
**£**
2,855
1,950
2,987
7,792|**2020**
**£**
4,426
**2020**
**£**
9,705
1,700
9,958|
|---|---|---|
|||21,363|
14
**Gatehouse Apostolic Ministries International Notes to the Accounts for the year ended 31 December 2021**
## **11 Ultimate controlling party**
The ultimate controlling party is considered to be the Trustees, as a body.
## **12 Related party transactions**
No payments were made to trustees or any other persons connected with them during this financial period in their capacity as trustees. No material transaction took place between the Charity and a trustee or any person connected with them.
## **13 Share Capital**
The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.
15