**Go Commission** 

**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** 

**CHARITY NO: 1166950** 



## **Go Commission** 

## **Financial Statements for the Year Ended 31 March 2024** 

|**Contents**|**Page**|
|---|---|
|Legal and Adminstrative Information|1|
|Report of the Trustees|2|
|Independent Examiner's Reprot|4|
|Receipt and Payment Accounts|5|
|Statement of Asset and Liabilities|6|
|Notes forming part of the financial statements|7|





**Go Commission Financial Statements for the Year Ended 31 March 2024** 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

|**Charity Name:**|**Go Commission**|
|---|---|
|**Charity Registration Number:**|1166950|
|**Registered Office and**||
|**Operational Address:**|18 Peckover Close|
||Peterborough|
||PE2 8UQ|
|**Trustees:**|John Musa|
||Mrs Olasubomi Aina|
||Ms Noeline Mulondo|
|**Independent Examiner**|TPC Consult (UK) Ltd|
||18 Peckover Close|
||Peterborough|
||PE2 8UQ|



**Page 1** 



## **Go Commission Financial Statements for the Year Ended 31 March 2024** 

## **REPORT OF THE TRUSTEES** 

The Trustees, are pleased to present the annual report, for the purpose of Charities Act 2011, together with the Accounts for the period ended 31st March 2024. The Trustees have adopted the provisions of the Statement of Recommended practice “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual reports and financial statements of the charity. 

## **STRUCTURE GOVERNANCE AND MANAGEMENT** 

Go Commission is a Charity, registered with Charity Commission on the 5th of May 2016 

It is governed by its CIO Constitution and is supervised by a board of Trustees. Decisions are determined by simple majority vote by the Trustees who set the strategic direction of the charity. 

Trustees are selected on the basis of the contribution that they will make towards the governance of the charity and the skills that they will contribute 

## **OBJECTIVES AND ACTIVITIES** 

The Charity’s objects are: 

To publicise and to advance the Christian faith worldwide 

To further other charitable purpposes for public benefit within the Laws of England and wales. as the Trustees may deem fit 

Each year our Trustees review our objectives and activities to ensure they continue to reflect our Objects and public benefits. 

## **ACHIEVEMENTS AND PERFORMANCE** 

We are  gradually getting back to full activity  after the pandemic with the help of ouir Volunteers and in collaboration with other charities with similar interest. 

We produced and distributed some evangelism materials and supported outreach work with other charities. 

## **RISK MANAGEMENT** 

The Trustees have conducted a review of the major risk which the charity is exposed. A risk register is established which identifies the major risks by type of activity, the nature of those risks, the likelihood of the risks occurring and the measure taken to manage them. 

## **STATUTORY NOTES TO THE ACCOUNTS** 

## **Particulars of Any Outstanding Guarantee Given by the CIO** 

There is no  potential liability under a guarantee given by the CIO which is outstanding at the date of the statement of assets and liabilities. 

## **Particulars of Any Outstanding Debt** 

There is no money which is owed by the CIO at the date of the statement of assets and liabilities and which is secured by an express charge on any of the assets of the CIO 

**Page 2** 



## **Go Commission Financial Statements for the Year Ended 31 March 2024** 

## **REPORT OF THE TRUSTEES** 

## **FINANCIAL REVIEW** 

In the year under review,  the total Receipts was £418 and the total Payment was £389 leaving a surplus/ (deficit) of £29. 

The Trustees consider the need for the charity to hold reserve (unrestricted fund, and not represented by by fixed asset) equivalent to three (3) month expenditure in order to ensure the ongoing delivery of its charitable objects during time of unforeseen down turn in income. The Trustees acknowledge that in the year under review the charity was not able to meet this need. 

## **PLANS FOR FUTURE PERIOD** 

The Charity continues to explore ways of furthering its charitable objects in an effective manner by ensuring there is awareness of its services. 

The Trustees are exploring new ways to carry out its purpose in view of the changing enviroment and increase shift of Ministry into the platform of the Social medias and hence virtual programmes are being considered. 

## **TRUSTEES’ RESPONSIBILITIES STATEMENT** 

The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with appropriate accounting standards. (United Kingdom Generally Accepted Accounting Practice). 

Charity law requires the Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and applications of resources for the financial year. In preparing those financial statements the trustees should follow best practice and: 

   - Select suitable accounting policies and then apply them consistently; 

   - Observe the methods and principles in the Charities SORP 

   - Make judgements and estimates that are reasonable and prudent 

- Prepare the financial statements on the ongoing basis unless it is inappropriate to presume that 

- the charity will continue on that basis. 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable  them to ensure that the financial statement comply with 2011 Charity Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Members of the Board of Trustees who served during the year and up to the date of this report, are set out on page 1. 

## **DECLARATION** 

In accordance with charity law, as trustees, we certify that: 

So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information. 

## **Approval** 

This report was approved by the board of Trustees and signed on their behalf by: 

Olasubomi Aina Position: Trustee Date: 18th January 2025 

**Page 3** 



**Go Commission Financial Statements for the Year Ended 31 March 2024** 

## **INDEPENDENT EXAMINERS REPORT** 

Independent Examiner's Report to the Trustees of Go Commission. 

I report on the accounts of the above Charity for the year ended 31 March 2024 set out on the following pages. 

## **Respective responsibilities of trustees and independent examiner** 

The 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act 

- to follow the procedures laid down in the general Direction given by the Charity commission 

- (under section 145(5)(b) of the 2011 Act, and · to state whether particular matters have come to my attention. 

## **Basis of independent examiner's statement** 

My examination was carried out in accordance with 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 the 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 130 of the 2011 Act; and 

- To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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. 

Signed : Chioma John-Musa Date: 18th January 2025 TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ 

**Page 4** 



**Go Commission** 

## **Financial Statements for the Year Ended 31 March 2024** 

## **Receipts and payments** 

|**Receipts and payments**|||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted funds**<br>**to the nearest      £**|**Restricted**<br>**funds**<br>**to the**<br>**nearest £**|**Endowment funds**<br>**to the nearest £**|**Total funds**<br>**to the nearest £**||**Last year**<br>**to the nearest £**|
|Donation|408<br>10<br> -<br> -<br> -<br> -|-|-|408||350|
|other||-|-|10||-|
|||-|-|-|||
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|**_Sub total_**_(Gross income for AR)_|**418**|**-**|**-**|**418**||**350**|
||-<br>-<br>  **-**||||||
|**Asset and investment sales**|||||||
|**Loan Repayment**||-|-|-|||
|Loan Received from external founder||-<br> **-**|-<br> **-**|-||-|
|**_Sub total_**<br>**_Total receipts_ **<br>**Payments**||||**-  **||**-**|
||||||||
||**418**|**-**|**-**|**418**||**350**|
||||||||
|Rent and Venue hires|-<br>111<br> -<br> -<br>133<br> -<br>144<br> -<br> -<br> -|-|-|-||-|
|Evangelism support||-|-|111||60|
|<br>Travel & Subsistence||-|-|-||-|
|Telephone||-|-|-||-|
|Media||-|-|133||-|
|Internet and design cost||-|-|-||-|
|<br>Printing and Stationary||-|-|144||-|
|||-|-|-||-|
|||||-||-|
|||-|-|-||-|
|**_Sub total_ **|**389**|**-**|**-**|**389**||**60**|
||||||||
|**Asset and investment purchases**|**-**<br>**-**<br> **-**||||||
|||**-**|**-**|**-**|||
|||**-**<br>**-**|**-**<br>**-**|**-**|||
|**_Sub total_ **||||**-  **||**-**|
|**_Total payments_**<br>**_Net of receipts/(payments)_**<br>**Transfers between funds**<br>**Cash funds last year end**<br>**_Cash funds this year end_**|||||||
||**389**|**-**|**-**|**389**||**60**|
||||||||
||**29**|**-**|<br>**-**|<br>**29**||**290**|
||-<br>1,031|-|-|-||-|
|||-|-|1,031||741|
||**1,060**|**-**|<br>**-**|**1,060**||**1,031**|



**Page 5** 



|**Statement of assets and liabilities**|**at 31st March 2024**|**at 31st March 2024**|**at 31st March 2024**||||**Endowment funds**<br>**to nearest £**|
|---|---|---|---|---|---|---|---|
|**Categories**<br>**Cash funds**<br>**Other monetary assets**<br>**Investment assets**<br>**Assets retained for the charity’s own use**<br>**Liabilities**<br>**Signed by one or two trustees on behalf of**|**Details**|||**Unrestricted funds**<br>**to nearest £**|**Restricted funds**<br>**to nearest £**|||
||Cash Balance in bank|||1,060<br> -<br> -|-||-|
||||||-||-|
||||||-||-|
||**_Total cash funds_**<br>(agree balances with<br>**Details**|||**1,060**|**-**||**-**|
|||||OK<br>**Unrestricted funds**<br>**to nearest £**<br>**-**<br> **-**<br> **-**<br> **-**<br> **-**<br> **-**<br>**Fund to which asset**<br>**belongs**<br>**Fund to which asset**<br>**belongs**<br>Unrestricted<br>**Fund to which**<br>**liability relates**<br>**Print Name**|||OK<br>**Endowment funds**<br>**to nearest £**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||**Details**||||||**Current value**<br>**(optional)**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||**Details**||||||**Current value**<br>**(optional)**|
||Computer||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||||||||**-**|
||**Details**||||||**When due (optional)**|
|||||||||
|||||||||
|||||||||
|||||||||
|||||||||
||**Signature**|||||||
||||||||**Date of approval**|
|||||**Olasubomi Aina**|||**18/01/2025**|
|||||||||



**Page 6** 



## **Go Commission Financial Statements for the Year Ended 31 March 2024** 

## **Notes to the Financial statements for the year ended 31 March 2024** 

## **(a)  Basis of Accounting** 

The accounts have been prepared using the receipt and payment method in accordance with Charities Act 2011. 

## **(b)  Fund Accounting** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their use as  imposed by the donor or through the terms of an appeal. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. 

## **(c) Staff** 

The Charity has no employee during the the accounting years under review. All its work has been managed by Volunteers during this financial year. 

## **(d) Public Benefit** 

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

**Page 7**