FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
COMPANY NO: 10398682
CHARITY NO. 1171249
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Ally Boatman Collins & Co.
(Accountants)
62 Beechwood Road
London
E8 3DY
02079239756
4407
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
CONTENTS PAGE Company information 1 Trustees Report 2-3 Reporting Accountants’ Report 4 Income & expenditure account 5 Balance Sheet 6 Notes to the Accounts 7 Detailed profit & loss account 8
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
COMPANY INFORMATION
Trustees: Rev Stella Adekunle
Mr Bamikole Omobitan Mrs Oluwaseyi Olaleye Rev. Idowu Owoyemi Mr Iseoluwa Owoseni Mr Victor Kolawole
Registered Office: 7 Griffin Avenue
Upminster Essex RM14 1NR
Company no. 10398682 Charity No. 1171249
Reporting Accountants: Ally Boatman Collins (Accountants) 62 Beechwood Road London E8 3DY
1
FIRE OF GOD EVANGELICAL OUTREACH (FGEO) TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees present their report and the financial statements for the financial statements for the year ended 30 September 2020.
The report of the directors has been prepared in accordance with the provisions applicable to Companies subject to small companies’ regime and comply with the charity’s Articles and Memorandum of Association
Principal activities of the Company
The company’s principal activities are to advance the Christian faith by gospel evangelism and teaching throughout England and other places as the trustees may from time to time decide, and there was no change in these activities during the year.
Statement of directors’ responsibilities
Company law requires the trustees to prepare financial statements for the year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 28 September 2016 and registered as a charity on 23 January 2017
2
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Acts 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
Trustees and directors
The trustees who are also directors for the purpose of company law, and served during the year were:
Rev Stella Adekunle
Mr Bamikole Omobitan
Mrs Oluwaseyi Olaleye Rev. Idowu Owoyemi Mr Iseoluwa Owoseni Mr Victor Kolawole
Reporting Accountants
A resolution to reappoint Messrs. Ally Boatman Collins (Accountants) as accountants will be proposed at the Annual General meetings.
3
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
REPORTING ACCOUNTANTS’ REPORT ON FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
Accountants’ report the directors on the financial statements of Fire of God Evangelical Outreach (FEEO).
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2020 set out on pages 4 to 8 and you consider that the company is exempt from an audit under section 477(2) of the Companies Act 2006.
In accordance with your instructions, we have completed the examination of these unaudited financial statements in order to fulfil your statutory responsibilities, from the accounting records of the company and from information and explanations supplied to us.
Ally Boatman Collins (Accountants & Chartered Secretaries) 62, Beechwood Road London E8 3DY
Date:
4
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Income received Investment income Less: Administrative expenses Income deficit for the year Taxation Retained income (deficit) for the year Reserves brought forward Fund balances at 30 September 2019 |
2020 £ 39,334 39,334 -42,016 -2,682 - -2,682 10,938 8,256 |
2019 33,972 |
||
|---|---|---|---|---|
| 33,972 -42,016 |
||||
| - | -8,044 | |||
| -8,044 10938 |
||||
| 2,894 |
5
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
BALANCE SHEET AS AT 30 SEPTEMBER 2020
| Fixed Assets Current assets Debtors & prepayments Cash in hand and bank Current liabilities Creditors due within 1 Yr Net current assets (liabilities) Creditors due after one year: Total net assets/(liabilities) Income funds Unrestricted funds b/f Income (deficit) for the year |
6,250 9,267 15,517 -250 |
6,250 9,267 15,517 -250 |
2020 £ 1,838 15,267 17,105 -16,893 212 2,894 -2,682 212 |
6,250 9,267 15,517 -250 |
6,250 9,267 15,517 -250 |
2019 1,838 15,267 |
|---|---|---|---|---|---|---|
| 17,105 -14,211 |
||||||
| 2,894 | ||||||
| 10,938 -8,044 |
||||||
| 2,894 |
For the year ended 30 September 2020 the company was entitled to exemption under Section 477(2) of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for ensuring the company keep accounting records which comply with Section 386 and preparing accounts which give a true and fair view off the state of affairs of the company as at the end of the financial period, and of its profit or loss for the financial period, in accordance with the requirements of Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
These accounts have been prepared in accordance with provisions applicable to Companies subject to the small companies regime.
Approved by the board on
……………………………..
(Director) Victor Kolawole
6
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
Notes to the financial statements
for the year ended 30 September 2020
1 Accounting Policies
- 1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with the financial reporting standard for smaller entities.
| 2020 2 Taxation No provision was made for corporation tax in the accounts 3 Debtors Prepayment and accrued income 6,250 4 Donations and legacies 39,334 5 Investment interest - 6 Creditors due after one year: Accruals 250 7 Charity status |
2019 6,250 33,972 8 - |
|---|---|
Fire Of God Evangelical Outreach (FGEO) is a private company limited by guarantee incorporated in England and Wales and registered as a charity with the Charity Commission.
7
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
7. Detail trading, profit & loss account for the year ended 30 September 2020
| Income from donations and legacies Interest received Less: Administrative Expenses Honorarium Benevolence & love offering Evangelism and welfare Light and heating Rent and rates Insurance Repairs and renewals Postage, printing etc. Legal and professional Accountancy Sundry expenses Depreciation Net (deficit) for the period |
300 300 1,243 1,464 24,157 419 6,310 300 1,000 250 6,090 182 42,016 |
2020 £ 39,334 - 39,334 -42,016 -2,682 |
- 300 300 1,243 1,464 24,157 419 6,310 300 1,000 250 6,090 182 42,016 |
2019 £ 33,972 |
|
|---|---|---|---|---|---|
| 33,972 -42,016 |
|||||
| -8,044 |
8
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
7. Detail trading, profit & loss account for the year ended 30 September 2020
SCHEDULE OF FIXED ASSETS
| NBV AT 1 October 2018 Addition during the year Depreciation year charge NBV c/f as at 30 September 2019 NBV B/F AS AT 1 Oct 2019 Depreciation year charge Net NBV at 30 Sept 2020 |
Furniture & fittings 800 210 |
|
|---|---|---|
| 1,010 -182 |
||
| 1,838 | ||
| 1,838 -331 |
||
| 1,507 |
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
ANALYSIS OF INCOME FOR THE YEAR ENDED 30 SEPTEMBER 2020
| 2019 OCTOBER NOVEMBER DECEMBER 2020 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER ounce Back Loan |
3501.67 6555.11 4997.06 2296.00 5277.35 5777.68 2773.00 4006.10 2650.00 1,440.00 60 |
|---|---|
| 39333.97 | |
| 25000.00 |
ANALYSIS OF BANK PAYMENTS
| 2019 OCTOBER NOVEMBER DECEMBER 2020 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER |
ADVERT 100.7 800 |
INSURANCE 34.41 34.41 34.31 34.41 34.41 34.53 34.89 34.89 34.89 |
LIGHT & HEATING 288.28 161.31 166.14 152.06 158.8 137.89 130 135.23 134.76 |
TRANS REPAIRS PORT 12 12 6 6 6 6 248 192.6 8 6 |
TRANS REPAIRS PORT 12 12 6 6 6 6 248 192.6 8 6 |
CASH 1000.00 500 350 240 2000 2000 |
ASSETS 209.94 |
|
|---|---|---|---|---|---|---|---|---|
| 900.7 | 311.15 | 1464.47 | 310 | 192.6 | 6090 | 209.94 | ||
| X | X | x | x | x | X |
| COUNCIL WELFARE TAX 942.23 471 472 472 241.2 242 150 242 242 |
HONOUR 300 |
ACCOUNTS 600 |
RENT PPS 0.00 4166.6 4166.6 4166.6 4166.6 300 4166.6 |
OFFERING 0.00 300 |
LEGAL 0.00 1000 |
|
|---|---|---|---|---|---|---|
| 150 3324.43 |
300 | 600 | 20833 300 |
300 | 1000 | |
| x x |
x | x x |
X | x |
TOTAL
1000.00 6044.22 384.41 0.00 678.62 4839.15 664.47 4572.60 5152.49 1280.53 5572.09 3680.06 2417.65 36286.29
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
COMPANY NO: 10398682
CHARITY NO. 1171249
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Ally Boatman Collins & Co.
(Accountants)
62 Beechwood Road
London
E8 3DY
02079239756
4407
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
CONTENTS PAGE Company information 1 Trustees Report 2-3 Reporting Accountants’ Report 4 Income & expenditure account 5 Balance Sheet 6 Notes to the Accounts 7 Detailed profit & loss account 8
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
COMPANY INFORMATION
Trustees: Rev Stella Adekunle
Mr Bamikole Omobitan Mrs Oluwaseyi Olaleye Rev. Idowu Owoyemi Mr Iseoluwa Owoseni Mr Victor Kolawole
Registered Office: 7 Griffin Avenue
Upminster Essex RM14 1NR
Company no. 10398682 Charity No. 1171249
Reporting Accountants: Ally Boatman Collins (Accountants) 62 Beechwood Road London E8 3DY
1
FIRE OF GOD EVANGELICAL OUTREACH (FGEO) TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees present their report and the financial statements for the financial statements for the year ended 30 September 2020.
The report of the directors has been prepared in accordance with the provisions applicable to Companies subject to small companies’ regime and comply with the charity’s Articles and Memorandum of Association
Principal activities of the Company
The company’s principal activities are to advance the Christian faith by gospel evangelism and teaching throughout England and other places as the trustees may from time to time decide, and there was no change in these activities during the year.
Statement of directors’ responsibilities
Company law requires the trustees to prepare financial statements for the year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
-
Select suitable accounting policies and then apply them consistently.
-
Make judgments and estimates that are reasonable and prudent.
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Structure, governance and management
The organisation is a charitable company limited by guarantee, incorporated on 28 September 2016 and registered as a charity on 23 January 2017
2
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Acts 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
Trustees and directors
The trustees who are also directors for the purpose of company law, and served during the year were:
Rev Stella Adekunle
Mr Bamikole Omobitan
Mrs Oluwaseyi Olaleye Rev. Idowu Owoyemi Mr Iseoluwa Owoseni Mr Victor Kolawole
Reporting Accountants
A resolution to reappoint Messrs. Ally Boatman Collins (Accountants) as accountants will be proposed at the Annual General meetings.
3
FIRE OF GOD EVANGELICAL OUTREACH (FGEO)
REPORTING ACCOUNTANTS’ REPORT ON FINANCIAL STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020
Accountants’ report the directors on the financial statements of Fire of God Evangelical Outreach (FEEO).
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2020 set out on pages 4 to 8 and you consider that the company is exempt from an audit under section 477(2) of the Companies Act 2006.
In accordance with your instructions, we have completed the examination of these unaudited financial statements in order to fulfil your statutory responsibilities, from the accounting records of the company and from information and explanations supplied to us.
Ally Boatman Collins (Accountants & Chartered Secretaries) 62, Beechwood Road London E8 3DY
Date:
4