2022-07-31-accounts

INTERNATIONAL GOSPEL COMMUNITY

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] JULY 2022

CHARITY NUMBER: 1169284

INTERNATIONAL GOSPEL COMMUNITY 3A DUNSTER GARDENS LONDON NW6 7NG

INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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INTERNATIONAL GOSPEL COMMUNITY

TRUSTEES’ REPORT YEAR ENDED 31[ST] JULY 2022

The trustees are pleased to present their report for the year ended 31[ST] July 2022 for the charity, International Gospel Community with charity number 1169284.

The Trustees of the charity are: Mr Silas Bernardes Ferreira Rev Fabio Rodrigues Mr Sergio Dutra

The principal address of the charity is : 3A Dunster Gardens London

NW6 7NG

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 20[TH] September 2016.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are to relieve poverty, distress and hardship among children particularly those abandoned, orphaned, impoverished or who are otherwise in need, which improves the quality of and may even save lives. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The organisation held regular Christian services to promote the Christian faith in the community.

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FINANCIAL REVIEW

The income over the year was over £1800 which was well managed by the trustees without any debt.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 8[th] September 2023 and signed on their behalf by:

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	INTERNATIONAL GOSPEL COMMUNITY
	ACCOUNTS FOR THE YEAR ENDED 31st July 2022
**1 **	Receipts & Payments Account (General Purpose Fund)
	Income Receipts				£/2022	£/2021
	Donations				1818	0
	Total Receipts				1818	0
	Direct Charitable Expenditure
	Internet				54
	Travel				17
	Rent				700
	Subscription				31
	Refreshment				52
	Professional fees				265
	Supplies				144
	Utilties				122
	Loan repayment				248
	Pension				179
					1812	0
	Other Expenditure
	Equipment
	Instruments
					0	0
	Total Payments				1812	0
	Net Receipts/(Payments) for the year				6	0
	Cash Funds brought forward				0	0
	Cash Funds at the end of the year				6	0

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	INTERNATIONAL GOSPEL COMMUNITY
**2 **	Statements of Assets and Liabilities at 31st July 2022
	Monetary Assets
	Cash Funds				Unrestricted Funds
					£/2022	£/2021
					£
	Cashathand andinbank				6	0
	Total Cash Funds				6	0
	Assets Retained for the
	Charity's Ownuse
	Non-monetary Assets and Liabilities
	Equipments
					0	0
	Liabilities
	Bookkeeping
	These accountswere approved by the trustees and signed ontheirbehalfby:
	Rev FabioRodrigues
	____________

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NATIONAL GOSPEL COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st July 2022 ACCOUNTING POLICIES Basis of Accounting These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year. Funds The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services. The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO 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.

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