2022-10-31-accounts

INTERNATIONAL LIFE GATE CHAPEL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] OCTOBER 2022

CHARITY NUMBER: 1132075

INTERNATIONAL LIFE GATE CHAPEL ST. PHILIPS CHURCH AVONDALE SQUARE LONDON SE1 5PD

INDEX Page Legal & Administrative Details 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10

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INTRNATIONAL LIFE GATE CHAPEL

LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 31[ST] OCTOBER 2022

ADDRESS FOR CORRESPONDENCE

ST PHILIPS CHURCH AVONDALE SQUARE LONDON SE1 5PD

REGISTERED CHARITY NUMBER

1132075

GOVERNING DOCUMENT

DECLARATION OF TRUST 24[TH] MAY 2009.

TRUSTEES/ DIRECTORS

Mr Anthony Justice Des-Bordes Mr Philip Kwasi Barfi Mr Charles Dickson

PRINCIPAL BANKERS

Santander Uk Plc 2 Triton Square Regent’s Place NW1 3AN

INDEPENDENT EXAMINER

FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH

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INTERNATIONAL LIFE GATE CHAPEL

TRUSTEES’ REPORT YEAR ENDED 31[ST] October 2022

The trustees are pleased to present their report for the year ended 31[st] October 2022 for the charity, International Life Gate Chapel with Charity Number 1132075.

The Trustees of the charity are: Mr Anthony Justice Des-Bordes Mr Charles Dickson Mr Philip Kwasi Barfi

The principal address of the charity is: St Philips Church Avondale Square SE1 5PD

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a trust deed that was adopted on 24[th] May 2009 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are to advance the Christian Faith [in accordance with the Statement of Beliefs] through the holding of prayer meetings, lectures, public celebration of religious festivals and by producing and/or distributing literature and recorded material to enlighten others about the Christian faith. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold regular worship services through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church has spent money on supporting mission outreaches of other charities. The organisation also spent a great amount of funds on paying the rent on building. It has also continued to hold several conferences during the financial year which have been geared towards educating the public on the principles of the Christian faith. The church continues to host regular Television and radio programs and it has also aired programmes on television during the year.

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FINANCIAL REVIEW

The income of the charity is above £82,000. The costs have been managed over this period. The church used a large amount of its income in paying the rent of the building, renovating the new premises that it moved into and in hosting church programs for its outreach. The charity had a surplus at the end of the year.

FUTURE PLANS

The church is on an ongoing concern in regard to its activities. The church plans to continue to host its regular church services and quarterly conferences as well as its television programs on Sky channel.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 28[th] August 2023 and signed on their behalf by:

---

3

Independent Examiner’s Report To the Trustees

INTERNATIONAL LIFE GATE CHAPEL

I report on the accounts of the church for the year ended 31[ST] October 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

Respective responsibilities of trustees and examiner

The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :

• Examine the accounts under section 145 of the 2011 Act.

• Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.

• 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 church 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 explanations 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 the course of my examination, no matter has come to my attention;

• (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:

• proper accounting records are kept( in accordance with section 130 of the 2011 Act

• accounts are prepared which agree with the accounting records and comply

• with the accounting requirements of the 2011 Act: or

• (2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.

CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION South Lodge avenue Mitcham Surrey CR4 1LT

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INTERNATIONAL LIFE GATE CHAPEL

Statement of Financial Activities for the year ended 31st Ocotber 2022

	Unrestricted	Unrestricted	Unrestricted	Total Funds	Total Funds
	Funds			2022	2021
Incoming ResourcesNote	£			£
from generated funds
Donations and Legacie	2	66847		66847	50626
Investment income	3	0		0	0
	_ ___ ___ _
		66847		66847	50626
Other Income
Other		16020		16020	10133
	______
Total Incoming		82867		82867	60759
Resources
	______
Resources Expended
Charitable activities in furtherance of objectives
Charitable Activities	6	61,695		61,695	72508
Other	4	17402		17402	2500
	______
Total Resources		79,097		79,097	75008
Expended	______
Net movement in funds		3,770		3,770	-14249
Reconciliation of Funds
Total Funds brought forward		-6532		-6532	7717
Total Funds carried forward		-2,762		-2,762	-6532

The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

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INTERNATIONAL LIFE GATE CHAPEL Balance Sheet as at 31st October 2022

Note 2022 Fixed Assets £ Tangible fixed assets 5 12990 _ 12990 _ Current Assets Cash at bank and 1601 in hand Debtors & prepayments 9 11533 13134 Creditors:amounts falling due within one year Creditors & accruals 8 6722 _ Net Current Assets 6412 _ Creditors:amounts falling due after one year 10 22161 Net Assets -2759 Unrestricted Funds General Fund -2759 _ TOTAL FUNDS -2759 _	2021 10796
	___ 10796
	___ 2392 11533
	13925 6722
	___ 7203
	___ 24531
	-6532 -6532 _ -6532 _

Approved by the trustees on 28th August 2023 and signed on their behalf by :

---

The notes on these accounts form part of these accounts

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INTERNATIONAL LIFEGATE CHAPEL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] OCTOBER 2022

1.1 Basis of Accounting

These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.

• 1.2 Going Concern: The accounts are prepared on a going concern basis.

1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.

• 1.4 No changes to the accounting estimates have occurred in the reporting period

• 1.5 No material prior year error have been identified in the reporting period.

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

• The charity becomes entitled to resources;

• It is more likely than not that the trustees will receive the resources;

• The monetary value can be measured with sufficient reliability.

Grants and Donations

Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)

.

Tax reclaim on donations and gifts

Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.

EXPENDITURE AND LIABILITIES

Liability Recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Grants and Support Costs

Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

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INTERNATIONAL LIFEGATE CHAPEL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[ST] OCTOBER 2022

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

ASSETS

Tangible Fixed Assets for use by the charity

They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.

.

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INTERNATIONAL LIFE GATE CHAPEL

Notes to the accounts for year ended 31st October 2022

2 Voluntary Income

Church collections Donations Total	Unrestricted Total funds Total funds Funds 2022 2021 £ £ 66847 66847 50626
	_________ 66847 66847 50626 _________

3 Investment income

**3 **	Investment income
		Unrestricted		Total funds
		Funds £		2022/£	2021/£
	Bank Interest		0	0	0
			2022/£	2021/£
**4 **	Other		Amount paid
	Speakers Expenses		6100	2200	Purpose
	Mission offerings		0	300	missions
	Charitable giving		11302	0
			______
			17402	2500
			______
**5 **	Tangible Fixed Assets		Instrument	Fix& Fittin	Equipment	Total 2022
	Cost		£	£	£	£
	At 01/11/2021		7256	7456	30872	45584
	Additions		1442	0	4000	5442
			______
	At 31/10/2022	,	8698	7456	34872	51026
	Depreciation
	At 01/11/2021		5334	5558	23896	34788
	charge for the year		673	380	2195	3248
			______
	At 31/10/2022		6007	5938	26091	38036
	Net Book Value at 31/10/2022		2691	1518	8781	12990
	Net Book Value at 01/11/2021		1922	1898	6976	10796

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		INTERNATIONAL LIFE GATE CHAPEL
	Notes to the accounts foryear ended 31st October 2022
**6 **	Cost of Activities in furtherance of Charity's Objectives
			2022/£		2021/£
	Rent of buildings		13319		29295
	Light & Heat		5827		4117
	Televisionprogrames		10031		9181
	Media costs		0		1112
	Business Rates		3095		1300
	Music services		1910		2750
	Welfare		500		9577
	Cleaning		9		0
	Radio costs		4498		0
	Repairs		2348		3245
	Wages		3235		0
	Subscriptions		173		0
	Printing		158		0
	Telephone & internet		1588		1857
	Travel		663		409
	Professional fees		0		0
	Hospitality		137		100
	Hotel		386		0
	Depreciation		3248		2698
	Bank charges		6		2
	Admin		1945		1468
	Transport costs		0		0
	Supplies		4328		1118
	Church events		3173		1000
	Storage costs		0		2285
	Web hosting		423		394
	Accountingservices		695		600
	Total		61695		72508
**7 **	Staff Costs
	The church had 1 employee duringthe financialyear. All work was
	carried out byvolunteers in the organisation.
**8 **	Creditors: amounts falling due within oneyear						2022/£	2021/£
				Independent examination			600	600
				Accruals			6122	6122
				Total			6722	6722
**9 **	Debtors and Prepayments				2022/£	2021/£
		Rent Deposit			11533	11533
**10 **	Creditors: amounts falling after oneyear					2022/£	2021/£
				Bounce back loan		22161	24531
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