OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-10-31-accounts

Believers' Generations Of Believers' Foundation

Charity No. 1147951

Company No. 05902003

Trustees' Report and Unaudited Accounts

31 October 2025

Workman ISO 27001 Classification: Privileged

Believers' Generations Of Believers' Foundation Contents

Pages
Trustees' Annual Report 2 to 3
Statement of Financial Activities 5
Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash fows 8
Notes to the Accounts 9 to 14
Detailed Statement of Financial Activities 15

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 October 2025.

REFERENCE AND ADMINISTRATIVE DETAILS Company No.

05902003 Charity No. 1147951 Registered Office

Suite 7 - 9 Birch House Birch Walk Off Fraser Road Erith Kent DA8 1QX

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

C. Falana

K. Falana H. Johnson I.K. Popoola

Accountants

EBD Associates

Workman ISO 27001 Classification: Page 1 Privileged

Believers' Generations Of Believers' Foundation 5A Market Street East Ham London E6 2RH

OBJECTIVES AND ACTIVITIES Trustees Annual Report

The purpose of the charity as set out in its governing document.rounding community.We at Believers for Generation are focused in promoting the Christian faith throughout the community. We outline a plethora of programmes in our Outreach to the community including empowerment seminars and Christian worship. We are working in partnership with other charities and faith organisations to become inclusive within the context of the community. This enables us to be effective to the individuals within the immediate and surrounding community.

Food Bank: The food bank is an integral part of the Believers of Believers Foundation. The focus of this was initially to encourage health eating habits within the community due to the high ratio of obesity, high blood pressure and diabetes. This has now had to be altered somewhat due to the current socio- economic conditions. Individuals and families are now struggling financially and so we are continuing in our efforts to meet the demands for food and household items for those who are experiencing hardship. The demand for this has increased significantly and we are working to meet the demands.

Pastoral Visitors Training: This continues to be a vital component of the Foundation, and we are pleased that we are now able to meet individually to support members and those within the subsequent community. Our Day Care for the elderly continues to be in great demand and we have had to increase our input within this area of work. We are continuing to train our pastoral visitors and volunteering Staff so that we can effectively meet the demands and challenges that are currently facing the community.

Senior Citizen Luncheon Programme: This programme allows for the senior members of the church and its members within the community to meet weekly to embark on lunch twice weekly more importantly to socialise with one another. This is an extremely important area of work given that there is now less money being available from the local authority for the work with the elderly. This is now an important and necessary service that we provide

Youth Development Group-Ministry Children:

The work of the children and young people is an important aspect of our work. Children and young people are often forgotten however we see them as the future of the community. Very often the voices of children and young people are often forgotten however with our dedicated programmes in partnership with other charitable organisations our aim is to empower children and young people with both self-esteem and confidence therefore making them effective members of their immediate communities.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence

Workman ISO 27001 Classification: Page 2 Privileged

Believers' Generations Of Believers' Foundation

taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

C. Falana Trustee 31 March 2026

Independent Examiners Report Independent Examiner's Report to the trustees of Believers' Generations Of Believers' Foundation

I report to the charity trustees on my examination of the financial statements of Believers' Generations Of Believers' Foundation for the year ended 31 October 2025.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

Workman ISO 27001 Classification: Page 3 Privileged

Believers' Generations Of Believers' Foundation

with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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 financial statements to be reached.

EBD Associates 5A Market Street East Ham London

E6 2RH 31 March 2026 Statement of Financial

Activities

Workman ISO 27001 Classification: Page 4 Privileged

Believers' Generations Of Believers' Foundation

Unrestricte
d
**funds ** Total Total
funds funds
2025 2025 2024
Notes £ £ £
Income and
endowments from:
Donations and legacies 4 42,918 42,918 50,708
Total 42,918 42,918 50,708
Expenditure on:
Charitable activities 5 46,120 46,120 50,439
Total 46,120 46,120 50,439
Net gains on investments - - -
Net (3,202) (3,202) 269
(expenditure)/income
Transfers between funds - - -
Net (3,202) (3,202) 269
(expenditure)/income
before other
gains/(losses)
Other gains and losses
Net movement in (3,202) (3,202) 269
funds Reconciliation of
funds:
Total funds brought 8,854 8,854 8,584
forward
Total funds carried 5,652 5,652 8,853
forward
for the year ended 31
October 2025

Workman ISO 27001 Classification: Page 5 Privileged

Believers' Generations Of Believers' Foundation Summary Income and

Expenditure Account

Workman ISO 27001 Classification: Page 6 Privileged

Believers' Generations Of Believers' Foundation
Income
Gross income for the year
Expenditure
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year
for the year ended 31 October
2025		 2025
2024
£
£
42,918
50,70
8
42,918
50,70
8
46,120
50,43
9
46,120
50,43
9
(3,202)
269
(3,202)
269

Workman ISO 27001 Classification: Page 7 Privileged

Believers' Generations Of Believers' Foundation Balance Sheet

Company No.05902003
Notes
2025
Fixed assets
£
Tangible assets
7
1,485
Current assets
1,485
Cash at bank and in hand
7,367
7,367
Creditors:Amount falling due within one year
8
(3,200)
Net current assets
4,167
Total assets less current liabilities
5,652
at 31 October
2025
The funds of the charity
Restricted funds
9
Unrestricted funds
9
General funds
5,652
5,652
Reserves
9
Total funds
5,652
Net assets excluding pension asset or liability5,652 8,853
Total net assets
5,652 8,853		 20
24
£
1,81
1
1,81
1
9,74
2
9,74
2
(2,70
0)
7,04
2
8,85
3
8,85
4
8,85
~~4~~
8,85
4

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

Workman ISO 27001 Classification: Page 8 Privileged

Believers' Generations Of Believers' Foundation

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March

2026 And signed on its behalf by:

C. Falana
Trustee
31 March 2026
Statement of Cash fows
2025
Cash fows from operating activities
£
Net (expenditure)/income per Statement of Financial
Activities Adjustments for:
(3,202)
Depreciation of property, plant and equipment
326
Increase in trade and other payables
500
Net cash (used in)/provided by operating activities
(2,376)
for the year ended 31
October 2025
Net cash from investing activities
Net (decrease)/increase in cash and cash
equivalents
(2,376)
Cash and cash equivalents at the beginning of the
year
9,742
-
-		 20
24
£
26
9
39
7
1,50
0
2,16
6
-
2,16
-
6
7,57
6

Workman ISO 27001 Classification: Page 9 Privileged

Believers' Generations Of Believers' Foundation
Cash and cash equivalents at the end of the yea
Components of cash and cash equivalents
Cash and bank balances
Net cash from fnancing activities		 ~~r~~
7,366
9,74
2
7,367
9,74
2
7,367
9,74
2

Workman ISO 27001 Classification: Page 10 Privileged

Believers' Generations Of Believers' Foundation Notes to the Accounts

for the year ended 31 October 2025 1 Accounting policies Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted These are available for use at the discretion of the trustees in
funds furtherance of the general objects of the charity.
Designated fundsThese are unrestricted funds earmarked by the trustees for
particular purposes.
Revaluation These are unrestricted funds which include a revaluation reserve
funds representing the restatement of investment assets at their market
values.
Restricted funds These are available for use subject to restrictions imposed by the
donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA)
income when the charity becomes entitled to, and virtually certain to
receive, the income and the amount of the income can be
measured with sufcient reliability.
Income with
related
expenditure		 Where income has related expenditure the income and related
expenditure is reported gross in the SoFA.
Donations and
legacies Voluntary income received by way of grants, donations and gifts is
included in the the SoFA when receivable and only when the
Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time
donations and as the gift/donation to which it relates.
gifts
Donated These are only included in income (with an equivalent amount in
services and expenditure) where the beneft to the Charity is reasonably
facilities quantifable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the
accounts.
Investment This is included in the accounts when receivable.
income
Gains/(losses) on This includes any gain or loss resulting from revaluing investments
revaluation of to market value at the end of the year.
fxed assets

Gains/(losses) on This includes any gain or loss on the sale of investments.

Workman ISO 27001 Classification: Privileged Page 11

Believers' Generations Of Believers' Foundation Notes to the Accounts

undation Notes to the Accounts
investment
assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure
expenditure includes any VAT which cannot be fully recovered, and is reported
as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary
raising funds income, fundraising trading costs and investment management
costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of
charitable its activities and services in the furtherance of its objects,
activities including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus
an accrual for grants that have been approved by the trustees at
the end of the year but not yet paid.
Governance These include those costs associated with meeting the
costs constitutional and statutory requirements of the Charity, including
any audit/independent examination fees, costs linked to the
strategic management of the Charity, together with a share of
other administration costs.
Other These are support costs not allocated to a particular activity.
expenditure
Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Workman ISO 27001 Classification: Privileged Page 12

Believers' Generations Of Believers' Foundation Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straightline basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Workman ISO 27001 Classification: Privileged Page 13

Believers' Generations Of Believers' Foundation Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

have share capital. have share capital.
3 Statement of Financial Activities - prior year
Unrestricted funds
Total funds
2024 2024
Income and endowments from:
Donations and legacies 50,708 50,708
Total 50,708 50,708
Expenditure on:
£ £
Charitable activitiesTotal 50,43 50,43
Net income before other 269
~~9~~
50,43		 269
~~9~~
50,43
gains/(losses) ~~9~~ 26 ~~9~~
26
Other gains and losses: ~~9~~ ~~9~~
Net movement in funds 269 269
Reconciliation of funds:
Total funds brought forward 8,584 8,584
Total funds carried forward 8,853 8,853
4 Income from donations and legacies
Unrestricte Total Total
d
2025 2024
£ £ £
42,918 42,918 50,708
42,918 42,918 50,708
5 Expenditure on charitable activities
Unrestricte Total Total
d
2025 2024
£ £ £
Expenditure on charitable
activities
44,204 44,204 48,452
Governance costs

Workman ISO 27001 Classification: Privileged Page 14

Believers' Generations Of Believers' Foundation Notes to the Accounts

Bank Charges 90 90 90 90
Depreciation 326 326 397
Professional Fee 1,500 1,500 1,500
46,120 46,120 50,439
Net income
6Staf costs
No employee received emoluments in excess of £60,000.
£ £
Cost or revaluation
At 1 November 2024 7,202 7,20
2
At 31 October 2025 7,202 7,20
Depreciation and 2
impairment
At 1 November 2024 5,391 5,39
1
Depreciation charge for
the year		 326 326
At 31 October 5,717 5,71
2025Net book 7
values
At 31 October 2025 ~~1,485~~ ~~1,48~~
5
At 31 October 2024 1,811 1,81
1
8 Creditors:
amounts falling due within one year
2025 2024
£ £
Accruals 3,200 2,70
0
3,200 2,70
0
9 Movement in funds
Incomin
g
resource At 31
At 1
Novem		 s
(includin
g other
gains/loss		 Resources
expended
Octob
er
2025
ber es
2024 )

Workman ISO 27001 Classification: Privileged Page 15

Believers' Generations Of Believers' Foundation Notes to the Accounts

Believers' Generations Of Believers'
Foundation Notes to the Accounts
£ £ £
Restricted funds:
Unrestricted funds:
General funds 8,854 42,918 (46,120) 5,65
2
Total funds
Analysis of net assets between funds		 8,854 42,918 (46,120) 5,65
2
Unrestric
ted Total
funds
£ £
Fixed assets 1,485 1,48
5
Net current assets 4,167 4,16
7
5,652 5,65
2

7 Tangible fixed assets

Workman ISO 27001 Classification: Privileged Page 16

Believers' Generations Of Believers' Foundation Notes to the Accounts

11 Reconciliation of net debt

11Reconciliation of net debt
Cash and cash equivalents
Net debt
12Related party disclosures
Controlling party		 At 1
November
2024
£
9,742
9,742
9,74		 ~~Cash fow~~s
£
(2,375)
(2,375)
(2,375		 At 31
~~Otb~~
~~coer~~

~~2025~~
£
7,367
7,367
7,36
7
2
)

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Workman ISO 27001 Classification: Privileged Page 17

Believers' Generations Of Believers' Foundation

Detailed Statement of Financial

Activities

Activities
Unrestricte
d
funds Total Total
funds funds
2025 2025 2024
£ £ £
Income and endowments
from:Donations and legacies
42,918 42,918 50,708
42,918 42,918 50,708
Total income and endowments 42,918 42,918 50,708
Expenditure on:
Charitable activities
44,204 44,204 48,452
44,204 44,204 48,452
Governance costs
Bank Charges 90 90 90
Depreciation 326 326 397
Professional Fee 1,500 1,500 1,500
1,916 1,916 1,987
Total of expenditure on
charitable activities		 46,120 46,120 50,439
Total expenditure 46,120 46,120 50,439
Net gains on investments - - -
(3,202) (3,202) 269
Net (expenditure)/income
Net (expenditure)/income
before other gains/(losses) (3,202) (3,202) 269
Other Gains - - -
Net movement in funds
Reconciliation of funds:
Total funds brought forward 8,854 8,854 8,584
Total funds carried forward 5,652 5,652 8,853
for the year ended 31 October
2025

Workman ISO 27001 Classification: Privileged Page 18