## **DRAFT** ## **INTERNATIONAL GOSPEL COMMUNITY** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[ST] JULY 2023** **CHARITY NUMBER: 1169284** ## **INTERNATIONAL GOSPEL COMMUNITY UNIT 3, 145 -159 ELTHAM HIGH STREET LONDON SE9 1TW** **INDEX Page Index 1 Trustee’s Report 2 – 3 Independent Examiner’s Statement 4 Receipts and Payments Account 5 Statement of Assets and Liabilities 6 Notes on the financial Statements 7** **1** ## **INTERNATIONAL GOSPEL COMMUNITY** # **TRUSTEES’ REPORT YEAR ENDED 31[ST] JULY 2023** The trustees are pleased to present their report for the year ended 31[ST] July 2023 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 : Unit 3, 145 – 159 Eltham High Street London SE9 1TW ## **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** TO ADVANCE THE CHRISTIAN FAITH (IN ACCORDANCE WITH THE STATEMENT OF BELIEFS) FOR THE BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF PRAYER MEETINGS, LECTURES, PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS AND BY PRODUCING AND/OR DISTRIBUTING LITERATURE AND RECORDED MATERIAL TO ENLIGHTEN OTHERS ABOUT THE CHRISTIAN FAITH. 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 Christian worship service sin the year to promote the Christian faith in the community. . **2** ## **FINANCIAL REVIEW** The income of the charity was above £61000 and this was well managed during the financial year ## **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 4[th] March 2025 and signed on their behalf by: _____________________________________________ **3** Independent Examiner’s Report To the Trustees ## **INTERNATIONAL GOSPEL COMMUNITY** I report on the accounts of the charity for the year ended 31[st ] July 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages. ## **Respective responsibilities of trustees and examiner** The trustees of the charity are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to : - Examine the accounts under section 145 of the 2011 Act. - Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act. - 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 Commissioners. 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 I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In the course of my examination, no matter has come to my attention; - (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that: - proper accounting records are kept( in accordance with section 130 of the 2011 Act - accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or - (95) to which , in my opinion , attention should be drawn in order to enable a - proper understanding of the accounts to be reached. Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey **4** ||**INTERNATIONAL GOSPEL COMMUNITY**|**INTERNATIONAL GOSPEL COMMUNITY**|**INTERNATIONAL GOSPEL COMMUNITY**|**INTERNATIONAL GOSPEL COMMUNITY**|**INTERNATIONAL GOSPEL COMMUNITY**|**INTERNATIONAL GOSPEL COMMUNITY**|||| |---|---|---|---|---|---|---|---|---|---| ||**ACCOUNTS FOR THE YEAR ENDED 31st JULY 2023**||||||||| ||||||||||| |**1 **|**RECEIPTS AND PAYMENTS ACCOUNT(GENERAL PURPOSE FUND)**||||||||| ||||||||||| ||**Income Receipts**|||||£/2023|£/2022||| ||||||||||| ||Donations|||||61519|1818||| ||Grants|||||23271|||| ||||||||||| ||Total|||||84790|1818||| ||||||||||| ||**DIRECT CHARITABLE EXPENDITURE**||||||||| ||Labour costs|||||200|||| ||Telephone & Internet|||||216|54||| ||Travel|||||2|17||| ||Rent|||||45599|700||| ||Subscriptions|||||1592|31||| ||Refreshments|||||455|52||| ||Professional fees|||||11223|265||| ||Supplies|||||135|144||| ||Light & heat|||||2545|122||| ||Repayments|||||158|248||| ||Pension|||||500|179||| ||Repairs|||||2383|||| ||Welfare|||||375|||| ||Office costs|||||3147|||| ||Staff Training|||||282|||| ||Software|||||260|||| ||Sundry|||||267|||| ||Vehicle expenses|||||509|||| ||Advertising|||||3410|||| ||Accountancyfees|||||110|||| ||Donations|||||11|||| ||Insurance|||||424|||| ||Postage|||||4|||| ||Bank charges|||||743|||| ||Depreciaiton|||||593|||| |||||||75143|1812||| ||**Other Expenditure**||||||||| ||Equipments|||||822|||| ||||||||||| |||||||822|||| ||**Total Payments**|||||**75965**|1812||| ||**Net Receipts/(Payments) for theyear**|||||8825|6||| ||Cash Funds brought forward|||||6|0||| ||**Cash Funds at the end ofyear**|||||8831|6||| ||||||||||| **5** |||||||||| |---|---|---|---|---|---|---|---|---| ||**INTERNATIONAL GOSPEL COMMUNITY**|||||||| |||||||||| |**2**|**STATEMENT OF ASSETSS AND LIABILITIES AT 31st JULY 2023**|||||||| ||**Monetary Assets**|||||||| |||||||||| ||CASH FUNDS||||**Unrestricted Funds**|||| ||||||£/2023|£/2022||| |||||||||| ||Cash at bank||||515|||| ||Total||||515|||| |||||||||| |||||||||| ||**Assets retained for Charity's own use**|||||||| ||**Non- Monetary Assets**|||||||| ||Fixtures and Fittings||||2500|||| ||Depreciation||||-593|||| ||Net Book Value||||1907|||| |||||||||| |||||||||| ||**Liabilities**|||||||| ||Bounce back loan||||6389|||| ||Accruals||||1621|||| ||Creditors||||2698|||| ||||||10708|||| |||||||||| |||||||||| |||||||||| ||These accounts were approved bythe trustees and signed on their behalf by:|||||||| |||||||||| ||Rev Fabio Rodrigues|||||||| |||||||||| **6** **INTERNATIONAL GOSPEL COMMUNITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023 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 values at the end of the year. **FUNDS** The CIO has a general unrestricted funds that receives voluntary donations from attendants at the meetings and events. **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 guidanceon public benefit before deciding what activities the charity should undertake. **7**