Charity Registered number 1161789
Christ’s Gospel Church (World Outreach Evangelistic Ministry) Annual Accounts & Reports 31[st] March 2024
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 2024:
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 2024
Principal activities
The Charity's principal activity during the year continued to be ministering to the church members and the community in good faith.
This report has been prepared by the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime.
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 exempted 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 by section 476 of the Company Act 2006.
Therefore, trustees acknowledged their responsibility to comply with the requirements of the Companies Act 2006 regarding accounting records and the preparation of accounts.
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Objects
The objects of the charity are: -
To advance the Christian faith for the public benefit in such a way as the trustees/elders from time to time may think fit.
Organisation
Christ’s Gospel Church has been standard registered since 21 May 2015, but it had been operating for more than 10 years before that date.
The charity is organised so that the trustees meet regularly on the phone/or in person regularly to manage 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 interests, risk management, safeguarding vulnerable beneficiaries and volunteer management.
Achievement and Performance
Significant changes have been made to our church and organisation as a whole after COVID-19, including Zoom meetings-prayers and bible studies. Even after the economic reopening, some aspects of our church are not operating normally, which has hurt our income and all donations. But we are still 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 regularly.
The trustees also examined other operational risks and any that might face the charity, helping to mitigate any significant risks that may arise.
This report was approved by the Trustees on 31[st] January 2025
Signed on behalf, by:
Miss Victoria Williams
Trustee’s Chairperson
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Accountant’s Report
Accountants report to the Trustees of Christ’s Gospel Church
We have carried out our normal duties as accountants to Christ’s Gospel Church. We consider that the Charity is exempt from an audit for the year ending 31 March 2024.
Christ’s Gospel Church trustees have acknowledged, on the balance sheet, their responsibilities for complying with the requirements of the Companies Act 2006 regarding accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the charity's state of affairs at the end of the financial year and of its Income and Expenditures 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 based on 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 the 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. Date: 30[th] January 2025
Signed:
Accountants:
EBS ACCOUNTANCY CONSULTANTS
Milton Keynes MK19 6NY
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Christ’s Gospel Church Income and Expenditure Accounts for the year ended 31[st] March 2024
| Notes Income Voluntarily Donations & HMRC Expenditure General expenses Administration expenses Accountancy fees Bank Charges Honorarium Insurance Equipment expenses Rent & Service Charge Building Fund Radio Presentation Expenses Media, Marketing & Advertisement Stationary & Printing Key Board Purchased Music & Keyboardist Telephone & Broadband Donations: Seed/Offering Missions: Ghana Church Lighting & Heating Welfare & Bereavement Pastoral Expenses Surplus for the year |
1,940.00 1,184.45 2,550.00 120.50 1,450.00 504.70 750.00 6,200.00 3,000.00 3,300.00 650.00 275.95 1,500.00 3,720.00 1,655.62 2,500.00 2,100.00 1,054.70 1,705.00 1,620.00 |
2024 £ 39,843.61 (37,780.92) 2,062.69 |
2024 £ 39,843.61 (37,780.92) 2,062.69 |
|---|---|---|---|
| 2,062.69 |
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Christ’s Gospel Church
| Balance Sheet as at 31st March 2024 Non-Current Assets FA – Equipment 1,500.00 Fixture, & Fittings 300.95 Current Assets: Bank 2,264.09 Prepayment0.00 Less: Current Liabilities Creditors – Net Liabilities Charity reserves Surplus for the year-end Charity Fund |
£ 1,800.95 2,264.09 4,065.04 _ 4,065.04 2,002.35 2,062.69 4,065.04 |
|---|---|
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Christ’s Gospel Church
Notes to the Accounts for the year ended 31[st ] March 2024
1. Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and by the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Voluntarily Income and HMRC gift aid represent 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 charity's financial statement and fully accounted for.
Volunteers
The valve of help 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's unpaid volunteers.
Depreciation
Depreciation has been provided at the following rates 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 2024 £
Interest payable 0.00 3. Income & Expenditure account 2024 £ Surplus for the year 2,062.69
3. Income & Expenditure account
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Christ’s Gospel Church
Summary Statement for the year ended 31[st] March 2024 Unrestricted Fund
| 2024 | |
|---|---|
| £ | |
| Operating Income: | 39,843.61 |
| Expenditure | (37,780.92) |
Operating Profit |
2,062.69 |
| Interest & Tax payable | 0.00 |
| Net Movement of Funds for the year | 2,062.69 |
| Christ’s Gospel Church | |
| Detailed Income & Expenditure account for | the year 31st March 2024 |
| £ | |
| Income | |
| Donations – Tithes & Offerings |
23,598.41 |
| HMRC – Gift Aid | 16,245.20 |
| 39,843.61 | |
| Expenditure | |
| General expenses | 1,940.00 |
| Administration expenses | 1,184.45 |
| Accountancy fees |
2,550.00 |
| Bank Charges | 120.50 |
| Honorarium | 1,450.00 |
| Insurance | 504.70 |
| Equipment expenses | 750.00 |
| Rent & Service Charge | 6,200.00 |
| Building Fund | 3,000.00 |
| Radio Presentation Expenses | 3,300.00 |
| Media, Marketing & Advertisement | 650.00 |
| Stationary & Printing | 275.95 |
| Key Board Purchased | 1,500.00 |
| Music & Keyboardist | 3,720.00 |
| Telephone & Broadband | 1,655.62 |
| Donations: Seed/Offering |
2,500.00 |
| Missions: Ghana Church | 2,100.00 |
| Lighting & Heating | 1,054.70 |
| Welfare & Bereavement | 1,705.00 |
| Pastoral Expenses | 1,620.00 |
| (37,780.92) | |
| Surplus for the year | 2,062.69 |
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Christ’s Gospel Church
Detailed analysis of income and expenditure for the year ended 31[st] March 2024 as required by the SORP 2015 as amended to reflect a true and fair view of the accounts.
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