2024-02-29-accounts - Fountain Gate Chapel (Harlow)

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Charity number: 1160296

Fountain Gate Chapel (Harlow)

Report of the Trustees and Unaudited Financial Statements

For the year ended 28 February 2024

Fountain Gate Chapel (Harlow) Contents Page For the year ended 28 February 2024

Report of the Trustees	1
Independent Examiner's Report to the Trustees	2
Statement of Financial Activities	3
Statement of Financial Position	4
Notes to the Financial Statements	5 to 8
Detailed Statement of Financial Activities	9 to 10

Fountain Gate Chapel (Harlow) Report of the Trustees For the year ended 28 February 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 28 February 2024. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Fountain Gate Chapel (Harlow)

Charity registration number 1160296

Principal address 43 Ram Gorse Harlow Essex CM20 1PY

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr George Wangboje Mr Makafue Doe Mrs Angela Diana Bediako Independent examiners Marc Three Accountants 125 Sunnymead Avenue Gillingham Kent ME7 2EB

Approved by the Board of Trustees and signed on its behalf by

............................................................................. 28 December 2024 Mrs Angela Diana Bediako

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Fountain Gate Chapel (Harlow) Independent Examiners Report to the Trustees For the year ended 28 February 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 28 February 2024.

Responsibilities and basis of report

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

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

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

accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or
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 t

he accounts to be reached.

Marc Three Accountancy Chartered Certified Accountants Marc Three Accountants 125 Sunnymead Avenue Gillingham Kent ME7 2EB

27 December 2024

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Fountain Gate Chapel (Harlow) Statement of Financial Activities For the year ended 28 February 2024

	Notes	Unrestricted	2023
		funds
		£	£
Income and endowments from:
Donations and legacies	2	100,095	82,631
Total		100,095	82,631
Expenditure on:
Raising funds	3	(81,092)	(40,184)
Charitable activities	4/5	(13,946)	(16,561)
Total		(95,038)	(56,745)
Net income		5,057	25,886
Reconciliation of funds
Total funds brought forward		57,084	31,198
Total funds carried forward		62,141	57,084

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Fountain Gate Chapel (Harlow) Statement of Financial Position As at 28 February 2024

==> picture [545 x 224] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Notes|2024|2023| |£|£| |Fixed assets| |7,466|2,000| |Tangible assets|10|7,466|2,000| |Current assets| |Debtors|11|-|2,570| |Cash at bank and in hand|54,675|52,514| |54,675|55,084| |Net current assets Total assets less current liabilities|54,675|55,084| |62,141|57,084| |Net assets| |62,141|57,084| |The funds of the charity| |Unrestricted income funds|12| |Total funds|62,141|57,084| |62,141|57,084|

----- End of picture text -----

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mrs Angela Diana Bediako Trustee 28 December 2024

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Fountain Gate Chapel (Harlow) Notes to the Financial Statements

For the year ended 28 February 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.

Fountain Gate Chapel (Harlow) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. Income from donations and legacies

	2024	2023
	£	£
Unrestricted funds
Donations received	100,095	82,631
	100,095	82,631

3. Expenditure on generating donations and legacies

	2024	2023
	£	£
Unrestricted funds
Donations	16,000	2,500
Support costs	65,092	37,684
	81,092	40,184

4. Costs of charitable activities by fund type

	2024	2023
	£	£
Unrestricted funds
Outreach	13,120	15,248
Support costs	826	1,313
	13,946	16,561

5. Costs of charitable activities by activity type

2024 2023 £ £

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Fountain Gate Chapel (Harlow)

Activities undertaken directly

Outreach

13,946

16,561

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Fountain Gate Chapel (Harlow) Notes to the Financial Statements Continued

For the year ended 28 February 2024

6. Analysis of support costs

	2024	2023
	£	£
Voluntary Income
Management 355 3,027 Rent 15,500 15,500
Pastorial & Missionary	5,181	-
Activities
Refreshment	3,366	289
Repairs & Renewals	2,036	2,479
Utilities	3,703	1,921
Youth Department	6,488	270
Expenses
Children Ministries	26	25
IT/Office Equipments	5,649	3,588
Governance costs	23,614	11,898
	65,918	38,997

7. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
	2024	2023
	£	£
Depreciation of owned fixed assets	-	1,000
Accountancy fees	400	300
8. Particulars of employees
	2024	2023
Staff	0	0
	0	0

8. Particulars of employees

9. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

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Fountain Gate Chapel (Harlow) Notes to the Financial Statements Continued For the year ended 28 February 2024

10. Tangible fixed assets

		Fixtures and	Computer
Cost or valuation		Fittings	Equipment	Total
		£	£	£
At 01 March 2023		2,000	-	2,000
Additions		1,070	8,094	9,164
At 28 February 2024		3,070	8,094	11,164
Depreciation
Charge for year		1,000	2,698	3,698
At 28 February 2024		1,000	2,698	3,698
Net book values
At 28 February 2024		2,070	5,396	7,466
At 28 February 2023		2,000	-	2,000
11. Debtors
			2024	2023
			£	£
Amounts due within one year:
Other debtors			-	2,570
			-	2,570
12. Movement in funds
Unrestricted Funds
	Balance at	Incoming	Outgoing	Balance at
	01/03/2023	resources	resources	28/02/2024
	£	£	£	£
General
General	57,084	100,095	(95,038)	62,141
	57,084	100,095	(95,038)	62,141
Unrestricted Funds - Previous year
	Balance at	Incoming	Outgoing	Balance at
	01/03/2022	resources	resources	28/02/2023
	£	£	£	£
General
General	31,198	82,631	(56,745)	57,084
	31,198	82,631	(56,745)	57,084

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Fountain Gate Chapel (Harlow) Notes to the Financial Statements Continued For the year ended 28 February 2024

Purpose of unrestricted Funds

General

To advance the Christian faith (in accordance with the statement of beliefs) in such ways as the trustees shall think fit, including:

The provision of facilities for prayer and religious services including pastoral care and counselling;
The relief of sickness and financial hardship and the promotion and preservation of good health
The advancement of education and the promotion of a healthy and peaceful community

13. Analysis of net assets between funds

Unrestricted funds General General Previous year Unrestricted funds General General	Tangible Net current Net Assets fixed assets assets / (liabilities) £ £ £ 7,466 54,675 62,141 7,466 54,675 62,141 Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 2,000 55,084 57,084 2,000 55,084 57,084

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Fountain Gate Chapel (Harlow) Detailed Statement of Financial Activities

For the year ended 28 February 2024

	2024	2023
	£	£
INCOME AND ENDOWMENT Donations and legacies
Donations	100,095	82,631
	100,095	82,631
Total incoming resources	100,095	82,631
EXPENDITURE Raising donations and legacies
Donations	(16,000)	(2,500)
	(16,000)	(2,500)
Charitable activities
Cost of direct charitable activity	(13,120)	(15,248)
	(13,120)	(15,248)
SUPPORT COSTS Management
Management	(355)	(3,027)
	(355)	(3,027)
Rent
Rent	(15,500)	(15,500)
	(15,500)	(15,500)
Pastorial & Missionary Activities
Pastorial & Missionary Activities	(5,181)	-
	(5,181)	-
	Refreshment	Refreshment
Refreshment	(3,366)	(289)
	(3,366)	(289)
	Repairs & Renewals
Repairs & Renewals	(2,036)	(2,479)
	(2,036)	(2,479)
	Utilities
Utilities	(3,703)	(1,921)
	(3,703)	(1,921)
	Youth Department
	Expenses
Youth Department Expenses	(6,488)	(270)
	(6,488)	(270)
	Children Ministries
Children Ministries	(26)	(25)

Fountain Gate Chapel (Harlow)

	Fountain Gate Chapel (Harlow)
		(26)	(25)
IT/Office Equipments
IT/Office Equipments		(5,649)	(3,588)
		(5,649)	(3,588)
		Governance costs	Governance costs
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	This page does not form part of the statutory financial statements
	Detailed Statement of Financial Activities Continued
	For the year ended 28 February 2024
		(23,614)	(11,898)
		(95,038)	(56,745)
		5,057	25,886
Governance costs		(22,788)	(10,585)
Governance costs		(826)	(1,313)
Total resources expended

Fountain Gate Chapel (Harlow)

Net Income

This page does not form part of the statutory financial statements

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