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:
1. 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
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 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
**----- 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:
1. The provision of facilities for prayer and religious services including pastoral care and counselling;
2. The relief of sickness and financial hardship and the promotion and preservation of good health
3. 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**|
||9 of 10|||
||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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