## **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**
1
## **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 ……………………………….
2
## **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.....................................................
3
## **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|
|---|---|
4
## **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|
|---|---|---|
5
## **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|
6
## **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|
7
**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|