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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1131031

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Heaven's Gateway Ministries

Heaven's Gateway Ministries

Contents of the Financial Statements for the Year Ended 31 December 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 10
Detailed Statement of Financial Activities 11 to 12

Heaven's Gateway Ministries

Report of the Trustees

for the Year Ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

"The objectives of Heaven's Gateway Ministries are;

of the whole man, spiritually, mentally, physically and socially . There are a number of volunteers who assists in helping to achieve the objectives.These include Elders, Ordained Ministers and other volunteers groups."

Significant activities

The principal activities of the charity are Christian worship and involvement of various ministries and ministers of Religion in propagating the Christian Tenets of faith to members (and non-members) who seek to develop an understanding of the Gospel through the various meetings provided by the Church. There is also an extension of the Christian Faith through other direct Community Outreach programmes.

Page 1

Heaven's Gateway Ministries

Report of the Trustees

for the Year Ended 31 December 2021

OBJECTIVES AND ACTIVITIES Public benefit

The Board of Trustees are pleased to report as follows:

The Advancement of Christian Faith

The Trustees of the Charity having due regard for the reporting of public benefit provided by the Charity in line with the Charities Act 2011, are pleased to report that the church has commenced involvement with community focused events and projects providing direct benefit for the public in the UK.

Places of Worship

The Charity commits to the promotion of the Christian Faith at its own building in Bexley Heath area of Kent to provide the public with the ongoing opportunity to attend Church services enabling them to grow and develop in the Christian faith, teachings and Principles.

The worship activities make provision for Christian Worship Services, teaching sessions, discipleship classes and prayer meetings throughout the week.

The Church also meets online via zoom on a weekly basis for bible study classes. This platform is open to non-members and provides an avenue to advance Christianity in the community on an informal basis.

Evangelism

Evangelism is a core value and outreach strategy of our Church to reach out to communities. We distribute Christian Tracts in the community, speak to people in parks and public places about the Christian faith, provide light refreshments in parks as we look to engage the community to drive forward the Christian faith. We also collaborate with local churches to promote picnics, BBQ outreach and summer family fun days where food and drinks are provided. The Covid restrictions during 2020 did not enable us to provide the full range of these activities during the year but we hope to resume these in the near future.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

FUTURE PLANS

The charity aims as part of fulfilling it objectives, to create more facilities and programmes that will help develop the whole man, spiritually, mentally, socially and physically. The charity through teachings and other means aims to maximising potentials and rebuilding more lives so that they can live meaningful and happy lives.

We aim to increase our relevance to the community by investing time, energy and resources into activities and programmes that will help prevent youth crime, depression in people, child abuse and such social vices that are eating deep into the fabric of our society. To enable do this more effectively, this church is aiming at creating more space for our youth and children's by securing large building.

The Charity plans to organise vocational training programmes that will benefit the youths in the community.

Page 2

Heaven's Gateway Ministries

Report of the Trustees

for the Year Ended 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1131031

The charity is constituted as an unincorporated charity, established by a written constitution. The governing document of the charity is the written constitution approved by the members and endorsed by the Charity Commission in England & Wales (CCEW) .

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

Organisational structure

The board of trustees works closely with the management team and other advisers who promote the objectives of the charity. The board of Trustees hold meetings throughout the year and direct the pastoral team to promote the policies, strategies, programmes and projects that are geared towards achieving the charity's objectives.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1131031

Principal address

19 Upland Road Bexley Heath Kent DA7 4NR

Trustees

O Nwafor Mrs O Akinyemi Mrs M Ukueku Miss C Nwafor C Nwafor

Page 3

Heaven's Gateway Ministries

Report of the Trustees for the Year Ended 31 December 2021

Approved by order of the board of trustees on 24 October 2022 and signed on its behalf by:

O Nwafor - Trustee

Page 4

Independent Examiner's Report to the Trustees of Heaven's Gateway Ministries

Independent examiner's report to the trustees of Heaven's Gateway Ministries

I report to the charity trustees on my examination of the accounts of Heaven's Gateway Ministries (the Trust) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Theo Sehindemi CIPFA; FFA

24 October 2022

Page 5

Heaven's Gateway Ministries

Statement of Financial Activities
for the Year Ended 31 December 2021
Unrestricted
fund
Notes £
INCOME AND ENDOWMENTS FROM
Donations and legacies 143,780
EXPENDITURE ON
Charitable activities
Telephone 2,387
Wages and Salary 10,344
Postage and Stationery 1,519
Social Security - HMRC 600
Training and Welfare 9,374
Repairs and Maintenance 6,275
Printing 1,054
Mission 30,199
Cleaning 100
Insurance 2,610
Equipment Expense 570
Software 1,296
Mortgage Loan Repayment 45,559
Motor Expenses 1,343
Light & Heat 1,531
Bank Charges 5
Loan Repayment 4,437
Audit Remn Non-Audit 3,255
Total 122,458
NET INCOME 21,322
TOTAL FUNDS CARRIED FORWARD 21,322

The notes form part of these financial statements

Page 6

Heaven's Gateway Ministries

Balance Sheet
31 December 2021
Notes
FIXED ASSETS
Tangible assets
3
CURRENT ASSETS
Debtors
4
Cash in hand
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
5
NET ASSETS
FUNDS
6
Unrestricted funds
TOTAL FUNDS		 Unrestricted
fund
£
643,426
9,234
3,212
12,446
12,446
655,872
(634,550)
21,322
21,322
21,322

The financial statements were approved by the Board of Trustees and authorised for issue on 24 October 2022 and were signed on its behalf by:

O Nwafor - Trustee

The notes form part of these financial statements

Page 7

Heaven's Gateway Ministries

Notes to the Financial Statements for the Year Ended 31 December 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 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.

Taxation

The charity is exempt from 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.

Page 8

continued...

Heaven's Gateway Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2021.

3. TANGIBLE FIXED ASSETS

COST
Additions
DEPRECIATION
At 1 January 2021
Charge for year
At 31 December 2021
NET BOOK VALUE
At 31 December 2021		 Freehold
property
£
647,500
6,475
6,475
12,950
634,550		 Fixtures
and
fittings
£
3,100
-
620
620
2,480		 Motor
vehicles
£
7,995
-
1,599
1,599
6,396		 Totals
£
658,595
6,475
8,694
15,169
643,426

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 9,234
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£
Other creditors 634,550

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

6. MOVEMENT IN FUNDS

Net
movement At
in funds 31.12.21
£ £
Unrestricted funds
General fund 21,322 21,322
TOTAL FUNDS 21,322 21,322

Page 9

continued...

Heaven's Gateway Ministries

Notes to the Financial Statements - continued for the Year Ended 31 December 2021

6. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
143,780
143,780		 Resources
expended
£
(122,458)
(122,458)		 Movement
in funds
£
21,322
21,322

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2021.

Page 10

Heaven's Gateway Ministries

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
Total incoming resources
EXPENDITURE
Charitable activities
Repairs and Maintenance
Printing
Postage and stationery
Training and Welfare
Mission
Support costs
Management
Wages
Social security
Insurance
Light and heat
Telephone
Cleaning
Finance
Motor Expenses
Bank charges
Mortgage Loan Repayment
Loan
Information technology
Software		 £
1
101,212
42,567
143,780
143,780
6,275
1,054
1,519
9,374
30,199
48,421
10,344
600
2,610
1,531
2,387
100
17,572
1,343
5
45,559
4,437
51,344
1,296

This page does not form part of the statutory financial statements

Page 11

Heaven's Gateway Ministries

Detailed Statement of Financial Activities
for the Year Ended 31 December 2021
Information technology
Other
Equipment Expense
Governance costs
Auditors' remuneration for non audit
work
Total resources expended
Net income		 £
570
3,255
122,458
21,322

This page does not form part of the statutory financial statements

Page 12