GENERATIONS OF GOD CHURCH INTERNATIONAL UK Reports and Financial Statements
Legal and administrative information
Status
Registered charitable organisation since 27 April 2016.
Trustees
Pst. Bamidele Ogunyewo (Chairman) Mrs Victoria Ukpe (Secretary) Mrs Betty Oyefeso-Akerele (Treasurer) Mr Edward Ishola
Correspondence address
121 Brierley, New Addington, Croydon. CR0 9DR.
Charity's operations address
Unit 16, Meridian Centre Vulcan Way, New Addington, Croydon. CR0 9UG.
Registered charity number
1166801
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements
Trustees' Report
The trustees presents its report and the unaudited financial statements for the year ended 31 December 2023.
Activities
The church continued with its regular activities during the year, which includes hosting Christian worship services, bible studies, outreach and evangelism in the community and its environs.
The elders of the Church in conjunction with the Senior Pastor, engaged in regular visitation to members to admonish and pray with them and their families as well as comfort those with bereavement.
Responsibilities and basis of preparation of the report
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the trustees
Pastor Bamidele Ogunyewo (Senior Pastor)
Date ……………………………….
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements
Independent Examiner's report to the Trustees
Year Ended 31ST DECEMBER 2023
I report on the accounts of the Charity for the Year ended 31st December 2023 which are set out on pages 5 to 8 of this report.
Respective responsibilities of trustees and examiner :
The charity’s trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 43 of the 1993 Act; to follow the procedures laid down in the general directions given by the Charity Commission under section 43(7)b of the 1993 Act; and to state whether particular matters have come to my attention.
Basis of independent examiner’s report :
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement :
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
JSO Accountancy
65 Sundew Road Bristol BS16 7NP.
Date.....................................................
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2023
| Unrestricted Funds Notes £ Incoming resources: Voluntary Donations 111,488 Total Incoming resources 111,488 Resources Expended: Resources Expended 5 185,169 Total Resources Expended 185,169 Net Surplus / (Deficit) for the year (73,681) Opening Funds 174,927 Closing Funds 101,246 |
Total Total Funds Funds 2023 2022 £ £ 111,488 103,594 111,488 103,594 185,169 77,941 185,169 77,941 (73,681) 25,653 174,927 149,274 101,246 174,927 |
|---|---|
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements
Balance Sheet as at 31 December 2023
| Fixed assets Freehold Premises Equipment Furniture Equipment Current assets Debtors Cash at Bank and in Hand Less: Current Liabilities Net Assets Unrestricted Funds Signed on behalf of the trustees …………………………………………….. Pastor Bamidele Ogunyewo REPRESENTED BY: |
Notes 2 2 2 3 3 |
£ £ £ £ 65,000 4,441 5,551 211 264 - - 15,500 15,500 82,069 154,587 97,569 170,087 (975) (975) 96,594 169,112 101,246 174,927 101,246 174,927 101,246 174,927 ………………………………. Date 2023 2022 |
|---|---|---|
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31 December 2023
1. Accounting policies
a) The financial statements have been prepared under the Statement of Recommended Practice - Accounting and Reporting by Chariities, issued in March 2005 and follows the Charities (Accounts and Reports) Regulations 2008.
b) Voluntary income is received by the way of members commitment to religious service tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: - Equipment 20% - Furniture 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
2. Tangible Fixed Assets
| Tangible Fixed Assets | ||||
|---|---|---|---|---|
| Cost: As at 1 January 2023 Addition As at 31 December 2023 Depreciation: As at 1 January 2023 Charge As at 31 December 2023 Net Book Value: As at 31 December 2023 As at 1 January 2023 |
Equipment £ 17,531 17,531 11,980 1,110 13,090 4,441 5,551 |
Furniture £ 1,574 1,574 1,310 53 1,363 211 264 |
Buildings £ 65,000 65,000 65,000 65,000 |
Total £ 84,105 84,105 |
| 13,290 1,163 |
||||
| 14,453 | ||||
| 69,652 | ||||
| 70,815 |
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GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31 December 2023
| 3 Debtors & Prepayments Member Loans 4. Current Liabilities Trade Creditors & Accruals 5. Total Resources Expended Donations and Welfare Offerings Events & Outreach Cost Salaries & Wages Rent & Rates Electricity & Gas Insurance Travelling and Motor Expenses Telephone & Internet Multimedia Repairs & Consumables Books & Clergy Items Accountancy Fees Bank Charges & Interest Mortgage Loan Interest Depreciation Total |
2023 £ 15,500 2023 £ 975 975 2023 Total £ 9,607 5,117 24,000 48,200 7,428 1,220 4,113 3,459 10,085 4,700 975 102 - 1,163 185,169 |
2022 £ 15,500 |
|
|---|---|---|---|
| 2022 £ 975 |
|||
| 975 | |||
| 2022 Total £ 4,540 4,114 - 43,492 5,114 828 6,224 1,643 6,307 3,250 975 - - 1,454 |
|||
| 77,941 |
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Registered Charity No: 1166801
GENERATIONS OF GOD CHURCH INTERNATIONAL UK
Reports and Financial Statements Year ended: 31 December 2023
GENERATIONS OF GOD CHURCH INTERNATIONAL UK Reports and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2 | Report of the Management Committee |
| 3 | Independent Examiners Report |
| 4 | Statement of Financial Activities |
| 5 | Balance Sheet |
| 6-7 | Notes forming part of the financial statements |