**Charity Registered number 1161789**
Christ’s Gospel Church (World Outreach Evangelistic Ministry) **Annual Accounts & Reports 31[st] March 2023**
**Christ’s Gospel Church**
|**Christ’s Gospel Church**||
|---|---|
|**Annual Accounts and Reports Contents**||
||**Page**|
|**Trustee's report**|**1, 2**|
|**Accountants' report**|**3**|
|**Income & Expenditure Accounts**|**4**|
|**Balance sheet**|**5**|
|**Notes to the accounts**|**6**|
|**Summary Statement**|**7**|
|**Detailed Income Expenditure**|**8**|
## **Christ’s Gospel Church Charity Registered number: 1161789**
## **Charity Information**
## **Trustees, structure, governance and management**
The following persons served as trustees during the year ended 31[st] March 2023:
**Miss Victoria Williams Mrs Ijeoma Amakachukwu Nwike Mrs Mercy Boateng**
## **Registered Office**
40 Lakeview Road London SE27 0QJ
## **Bankers**
**Barclays Bank**
## **Trustee's Report**
The Trustees present their report and annual accounts for the year ended 31[st] March 2023
## **Principal activities**
The Charity principal activity during the year continued to be ministering to the church members and the community as a whole with good faith.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
And also statutory requirements of the governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 20105
The Trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 415A of the Companies Act 2006. The members and elders team have not required the charity to obtain an audit in accordance with section 476 of the Company Act 2006.
Therefore, trustees acknowledged their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
**1**
## **Objects**
The objects of the charity are:-
To advance the Christian faith for the public benefit in such a ways as the trustees/elders from time to time may think fit.
## **Organisation**
Christ’s Gospel Church has been standard registered since 21[st] May 2015, but had its operations more than 10years prior to that date.
The charity is organised so that the trustees meet regularly on phone/or in person regularly to managed its affairs. Trustees are initially appointed by Pastors and Elders of the church and must fulfil the requirements set out in the church constitution.
Our policy covers complaints handling, conflicting interest, risk management, safeguarding vulnerable beneficiaries and volunteer management.
## **Achievement and Performance**
There have been significant changes to our style of church and organisation as whole after COVID -19, which includes zoom meetings and also finding new premises for our Sunday services. Even after reopen of the economic – still some aspect of our church is not operating normal, which has had negative impact on our income and all donations. But still we are doing our best possible.
We are believing God for our premises as the cost of renting is a lot to pay monthly.
The trustees actively review their risks, which may affect its continuality or the smooth running of the church on a regular basis.
The trustees also examined other operational and any risks that might face the charity and helps to mitigate any significant risks which may arise.
This report was approved by the Trustees on 19th December 2023 and signed on behalf, by:
Miss Victoria Williams
## **Trustee’s Chairperson**
**2**
## **Accountant’s Report**
## **Accountants' report to the Trustees Christ’s Gospel Church**
We have carried our normal duties to Christ’s Gospel Church as Accountants to the charity. We consider that the Charity is exempt from an audit for the year ended 31[st] March 2023.
Christ’s Gospel Church trustees have acknowledged, on the balance sheet, their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Charity at the end of the financial year and of its Income and Expenditure for the financial year.
In accordance with their instructions, we have prepared the accounts which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the accounting records of the charity and on the basis of information and explanations given to us.
The church is doing well and activities are moving on very smoothly. And also the leaders are performing good work. I cannot say or mention that I see any mismanagement of funds. Things are done in right way accordingly
None of the trustees has any beneficial interest in the charity. The trustees have assessed the major risk to which the charity is exposed, and are satisfied that internal control systems are in place to mitigate exposure to any major risks.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accountants:
## **EBS ACCOUNTANCY CONSULTANTS**
Milton Keynes MK19 6NY
**3**
## **Christ’s Gospel Church Income and Expenditure Accounts for the year ended 31[st] March 2023**
|**Notes**
**Income**
Voluntarily Donations & HMRC
**Expenditure**
General expenses
Accountancy fees
Bank Charges
Welfare
Honorarium
Training
Equipment expenses
Rent
Media, Marketing & Advertisement
Telephone & Broadband
Charity Donations
Ghana Church Support
Light & Heating
Bereavement Support
Insurance
Wages and Salaries
Surplus for the year|
933.91
1,450.00
191.97
1,050.00
300.00
291.97
767.48
8,480.00
2,300.00
769.95
1,700.00
2,500.00
883.94
500.00
967.64
1,600.00|**2023**
**£**
30,725.57
(24,686.86)
**6,038.71**|**2023**
**£**
30,725.57
(24,686.86)
**6,038.71**|
|---|---|---|---|
||
|||
||||**6,038.71**|
**4**
## **Christ’s Gospel Church**
## **Balance Sheet as at 31 December 2023**
|**Non-Current Assets**
FA–Equipment
Fixture, & fittings
Current Assets:
Bank
Prepayment
Less: Current Liabilities
Creditors – Loans to the church
Margaret Williams
**Net Liabilities**
Charity reserves
Surplus for the year end
Charity Fund|767.48
300.95
8,710.09
0.00
(3,000.00)
|**£**
1,068.43
8,710.09
9,778.52
(3,000.00)
**6,778.52**
739.81
6,038.71
**6,778.52**|
|---|---|---|
**5**
## **Christ’s Gospel Church**
## **Notes to the Accounts for the year ended 31[st ] March 2023**
## **1. Accounting policies**
## **Basis of preparation**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
## **Turnover**
Voluntarily Income and HMRC gift aid represents the value, net of value added tax and discounts, of goods provided to the church and work carried out in respect of services provided to church members and the community.
## **Gift Aid**
Gift aid – HMRC (government donations 25% of taxable income giving) has been included in the financial statement of the charity and has been fully accounted for.
## **Volunteers**
The valve of helps or services provided by volunteers has not been included and/or accounted for in monetary value. However, the trustees and church leaders appreciated the significant contribution made to the activities of the charity unpaid volunteers.
## **Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
**2. Interest/ Tax payable 2023 £**
Interest payable 0.00 **3. Profit and loss account 2023 £** Surplus for the year 6,038.71
## **3. Profit and loss account**
**6**
**Christ’s Gospel Church**
## **Summary Statement for the year ended 31[st] March 2023**
||**Unrestricted Fund**|
|---|---|
||**2022**|
||£|
|Operating Income:||
|Income||
||30,725.57|
|Expenditure||
||(24,686.86)|
|
Operating Profit|
6,038.71|
|Interest & Tax payable|0.00|
|Net Movement of Funds for the year|**6,038.71**|
**7**
## **Christ’s Gospel Church**
|**Christ’s Gospel Church**|**Christ’s Gospel Church**|
|---|---|
|**Detailed Income & Expenditure account for the year 31st March 2023**||
||**£**|
|**Income**||
|Donations–Tithes & Offerings
|19,691.50|
|HMRC–Gift Aid|11,034.07|
|**Expenditure**
General expenses
Accountancy fees
Bank Charges
Welfare
Honorarium
Training
Equipment expenses
Rent
Media, Marketing & Advertisement
Telephone & Broadband
Charity Donations
Ghana Church Support
Light & Heating
Bereavement Support
Insurance
Wages and Salaries
Surplus for the year|933.91
1,450.00
191.97
1,050.00
300.00
291.97
767.48
8,480.00
2,300.00
769.95
1,700.00
2,500.00
883.94
500.00
967.64
1,600.00|
|(24,686.86)|
|---|---|---|---|
||
|||
||||**6,038.71**|
**8**