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Fire Of God Evangelical Outreach (FGEO)

Charity No. 1171249

Company No. 10398682

Trustees' Report and Unaudited Accounts For the year ended 30 September 2024

B M Cooper & Co. Limited Chartered Certified Accountants

88 Wood Lane

Dagenham Essex RM9 5SL

Fire Of God Evangelical Outreach (FGEO) Contents

	Pages
Trustees' Annual Report	2 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Accounts	7 to 13
Detailed Statement of Financial Activities	14 to 15

Page 1

Fire Of God Evangelical Outreach (FGEO) Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 10398682

Charity No. 1171249

Principal Office

7 Griffin Avenue Upminster Essex RM14 1NR

Registered Office

7 Griffin Avenue Upminster Essex RM14 1NR

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Bamikole Omobitan Idowu Owoyemi Iseoluwa Owoseni Margaret Adekunle Oluwaseyi Mary Olaleye Victor Kolawole

==> picture [298 x 102] intentionally omitted <==

Accountants

B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

Bankers

Barclays Bank Plc

OBJECTIVES AND ACTIVITIES

The purpose of the charity as set out in its governing document is the advancement the Christian faith by gospel evangelism and teaching throughout England and other places as the trustees may from time to time decide.

Various activities were undertaken in relation to those purposes.

Page 2

Fire Of God Evangelical Outreach (FGEO) Trustees Annual Report

FINANCIAL REVIEW

The total incoming resources for the year amounted to £51,334 (2023 - £54,107) and the total resources expended amounted to £52,098 (2023 - £52,220), leaving a net deficit for the year of -£764 (2023 surplus £1,887). The balance of funds as at 30th September 2024 was £3,370 (2023 - £4,134).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Trustees are responsible for keeping proper 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 statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

..................................................................... Oluwaseyi Mary Olaleye Trustee

14 April 2025

Page 3

Fire Of God Evangelical Outreach (FGEO) Independent Examiners Report Independent Examiner's Report to the trustees of Fire Of God Evangelical Outreach (FGEO)

I report to the charity trustees on my examination of the accounts of Fire Of God Evangelical Outreach (FGEO) for the year ended 30 September 2024 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

................................................

Mr Bolaji Kalejaiye FCCA ACCA B M Cooper & Co. Limited 88 Wood Lane Dagenham Essex RM9 5SL

14 April 2025

Page 4

Fire Of God Evangelical Outreach (FGEO) Statement of Financial Activities For the year ended 30 September 2024

Unrestricted funds 2024 £ 51,331 3	Total funds 2024 £ 51,331 3	Total funds 2023 £ 54,104 3
51,334 17,651 34,447	51,334 17,651 34,447	54,107 21,206 31,014
52,098 -	52,098 -	52,220 -
(764) -	(764) -	1,887 -
(764)	(764)	1,887
(764) 4,134	(764) 4,134	1,887 2,247
3,370	3,370	4,134

Page 5

Fire Of God Evangelical Outreach (FGEO) Balance Sheet At 30 September 2024 Company No. 10398682

Notes 2024 £ Fixed assets Tangible assets 10 623 623 Current assets Cash at bank and in hand 3,807 3,807 Creditors:Amount falling due within one year 11 (1,060) Net current assets 2,747 Total assets less current liabilities 3,370 Net assets excluding pension asset or liability 3,370 Total net assets 3,370 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 3,370 3,370 Reserves 12 Total funds 3,370	2023 £ 831
	831 4,598
	4,598 (1,295)
	3,303 4,134
	4,134
	4,134
	4,134
	4,134
	4,134

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 14 April 2025

And signed on its behalf by:

...........................................................

Oluwaseyi Mary Olaleye

Trustee

14 April 2025

Page 6

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts For the year ended 30 September 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Fire Of God Evangelical Outreach (FGEO)

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 9

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts 3 Statement of Financial Activities - prior year

3 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Investments Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Tithes and Offerings 5 Income from investments Bank interest receivable	Unrestricted £ 51,331 51,331 Unrestricted £ 3 3	Unrestricted funds 2023 £ 54,104 3 54,107 21,206 31,014 52,220 1,887 1,887 1,887 2,247 4,134 Total 2024 £ 51,331 51,331 Total 2024 £ 3 3	Total funds 2023 £ 54,104 3
			54,107 21,206 31,014
			52,220
			1,887
			1,887
			1,887 2,247
			4,134
			Total 2023 £ 54,104
			54,104
			Total 2023 £ 3
			3

Page 10

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable activities Benevolence and Love offerings Community Outreach Honoranium and gifts to missions Governance costs Accountancy Legal and professional fees 7 Other expenditure Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs 8 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs No employee received emoluments in excess of £60,000.	Unrestricted £ 2,817 5,797 1,000 780 2,131 12,525 Unrestricted £ 32,697 208 1,542 34,447 2024 £ 208	Total 2024 £ 2,817 5,797 1,000 780 2,131 12,525 Total 2024 £ 32,697 208 1,542 34,447	Total 2023 £ 2,625 6,900 4,058 780 536
			14,899
			Total 2023 £ 30,449 183 382
			31,014
			2023 £ 183

Page 11

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts 10 Tangible fixed assets

Cost or revaluation At 1 October 2023 At 30 September 2024 Depreciation and impairment At 1 October 2023 Depreciation charge for the year At 30 September 2024 Net book values At 30 September 2024 At 30 September 2023 11 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals and deferred income		2024 £ - 1,060 1,060	Fixtures, fittings and equipment £ 1,236 1,236 405 208 613 623 831	Total £ 1,236
				1,236
				405 208
				613
				623
				831
				2023 £ 515 780
				1,295

12 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds	At 1 October 2023 4,134 4,134	Incoming resources (including other gains/losses) £ 51,334 51,334	Resources expended £ (52,098) (52,098)	At 30 September 2024 £ 3,370
				3,370

Page 12

Fire Of God Evangelical Outreach (FGEO) Notes to the Accounts 13 Analysis of net assets between funds

13 Analysis of net assets between funds Notes to the Accounts
Fixed assets Net current assets 14 Reconciliation of net debt Cash and cash equivalents Bank overdrafts Net debt	At 1 October 2023 £	Unrestricted funds £ 623 2,747 3,370 Cash flows £	Total £ 623 2,747
			3,370
			At 30 September 2024 £
	4,598	(791)	3,807
	(515)	515	-
	4,083 4,083	(276) (276)	3,807
			3,807

15 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 13

Fire Of God Evangelical Outreach (FGEO) Detailed Statement of Financial Activities For the year ended 30 September 2024

Income and endowments from: Donations and legacies Tithes and Offerings Investments Bank interest receivable Total income and endowments Expenditure on: Charitable activities Benevolence and Love offerings Community Outreach Honoranium and gifts to missions Evangelism Youth Projects Donations Governance costs Accountancy Legal and professional fees Total of expenditure on charitable activities Premises costs Rent Light, heat and power Premises cleaning Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of Fixtures, fittings and equipment Bank charges General insurances	Unrestricted funds 2024 £ 51,331 51,331 3 3 51,334 2,817 5,797 1,000 2,180 2,196 750 14,740 780 2,131 2,911 17,651 25,726 4,062 723 2,186 32,697 208 32 495	Total funds 2024 £ 51,331 51,331 3 3 51,334 2,817 5,797 1,000 2,180 2,196 750 14,740 780 2,131 2,911 17,651 25,726 4,062 723 2,186 32,697 208 32 495	Total funds 2023 £ 54,104
			54,104
			3
			3
			54,107 2,625 6,900 4,058 500 5,557 250
			19,890
			780 536
			1,316
			21,206 25,943 536 618 3,352
			30,449
			183 20 205

Page 14