INCOME AND EXPENDITURE Prepared for GOSPEL TEMPLE , MIDLANII8 CHARIry NUMER: 1182803 FOR PERIOD 1ST JANUARY 2021 TO 31ST DECEMBER 2021
GOSPEL TEMPLE, MIDLANDS CHURCH INFORMATION Trustees Rev Emmanuel Obeng Mr. Freeman Bafur Ata Mr. Lewis Mensah Reglstered Offlce 3 Wilmington Tefr Grafton Street Northampton NN12BU Examlners Trackrecords Management Services Limite(I The Farthing Enterprise Centre Unit 10 39 Farthing Grove Netherfield Milton Keynes MK6 4JH
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 REPORTS The Trustees presents their report arKI financial ststements for the year end& 31st Dec 2021 Objects of the Charity The objects of the Church stated below have been set up to primarilty benefrt the public.. (a) to advan the Christian faith in several ways and in dtfferent parts of the United Kingdom or the worfd as the Church Board from time to time may think fft (b) to relieve sickness and finanrAal hardship and to promote and preserve good heatth by the provision of funds. goods or services of any kind including the provision of counselling and support in such parts of the Untted Kingdom or the world as the Church Board from time to time think fft. and- (c) to advance education in suth ways and in such parts of the United Kingdom or the worfd as the Church Board from time to time may think fit especially in parts of the UK where tts users are dravffl from. in particular in the advancement of education. the furtherance of health and the relief of poverty, distress and sickness among children women and others who are disadvantaged and the underprivileged. Acllvitles of the Charlty When planning the actiwtres of the church for the year. the church board tskes into account the the charrties commission guidance on public benefft and. in particular, the specific guidance on charities for the advanment of religion. In parti()Jl8r the church board tries to enable ordinary peopEe to live out their faith as part of our church through the followng activities.. Mondays Training of Teachers Bible studies at both Rugby and Northampton Tuesday5 Bible studies at Conventry Wednesdays Prayer On-Line Training of Teachers
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 Thursdays Bible Studies at Northampton Fridays Prayer meeting at Rugby and Northampton Saturdays Choir meeting at Rugby Counselling Leadership training Sundays Church Servi at Rugby and Northampton First Friday of every month Half night prayers VlslL*lons ThroughoLrt the to Hospttals aTKI homes Evangelism Spreading the Christian gospel by personal witness Achlevements and Perfomiances The organisation consists of 2 main branhces at Rugby and Northampton. The achievements and perfonanS are combined efforts of both l¢xations. However, the Church does not measure the success of ts programmes onty in numbers, including financial numbers, but also in less tangible areas like fgllowship and encouragement. The Trustees recognise that these are difficult to measure, but believe that 2018 was a posibve year in the lrfe of the church Below is a list of the Church's achievement for the year 2021: 1) Evangelism The Church embarked on an evangelism within the surroundings of Northampton, Rugby, Nottingham and its vicinities
GOSPEL TEMPLE. MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 2) Socialisatn The Church organised a trip to Leed for the national picnic day. They also organised fami meetings for rts members and non memberse of which a resource person was invited to give a talk on how everybody can live in hamonywrth each other as a church. The church also organised an end of year paty for its members. couples and youth. 3) Seminar Seminars vffjre organised of the church memtws 4) Leadership The church organised a three days leadership training for the members 5J Additonal Branch A branch was opened in Chelsford to continue the spreading of the Gospel Assemblies of God Church in UK 6) chUh Progrdms All the church programs listed above vMe all met 7) Rad Ministry The church radio ministy is ongoing. They re able to meet most ne8ds ot members and non members. 8) Donation A Donation was made in Ghana at Osu Children's home to assist in the running of th8 home 9) Membership The Trustees can report an increase in their membership.
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 Flnanclal Revlew of the Charlty The Charity's resutts for the year and its financial position at the end of the year are fully disclosed in the attached financial statements. The total income for the year amountsd to £167,143.89 We are very grateful to all church members who have generousty given financially and all help offered in the last years to keep the Church going. Tangible flxed assets for use by the charlty There is no movements in the fixed assets Commlttee of Members. re5ponsibllltles The charity law requires the committee of members to prepare financial statements for each financial year, vthich give a true view of the finanal activities of the charf(y and of its financial position at the end of that period. In preparing those financial statsments. the committee of mmbers is required: a) Select suitable accounting policies and app them consislentFy; b) Make judgements and estimates that are reasonable and prudent., c) Slate whether the policies adopted are in accordance wth applicable accounting stsndards and statements of recommended accounting practices, subject to any material departures disclosed and explained in the financial statements., d) Prepare financial statements on a going concem basis unless it is inappropriate to assume that the chanty will continue in operation. The committee of Mem[$ is responsible for keeping proper accounting records, vthich discloses with reasonable accuracy at any time, the financial posf(ion of the charity and lo enable them to ensure th* the financial statements comply with Charities Act. They are also responsible for safeguarding the assets of the charrty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 Examlners A resolution to appoint Messer Trackrecords Management Services Ltd as examiners for the ensuring year has been proposed and agreed at the annual general meeting in accordance with the Charrties Act. Approval The report was approved by the committee of members on the 1st April 2022 and swned on its behalf Rev Emmanuel Obeng
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2021 Examiners Report We have examined the financial statements in this report, vknich have been prepared following the accounting policies. set out in the report. Respectlve responsibllities of trustees and oxamlners As descri in report. the trustees of the Gospel Terne, MTrdlands are responsible for the preparation of financial statements. It is our responsibilities lo form an independent opinion, based on our examination. on the statements and to report our opinion to you. Basls of opinion We conducted our examination in accordan with standards charity accounting and independent examination. The examination is on test basis. of the evidence relevant to th8 amount of disclosures in the financial statements. It includes an assessment of the SnifiCant estimates and judgements made by the committee of the members in preparation of the financial statements and whether the accounting policies are appropriate to the charlS CiTCUrnStano, consistently applied and adequately disclosed. We planned and perfomied examination of the dUMentS to obtain all the information and explanations which we considered necessary in order to provide us with sufficient eviden to give reasonable assuran that the financial statements are free form material misstatements, vthether caused by fraud or other irregularities or 8rror. In forming our opinion, we also evaluated the overall adequacy of the presentation of the information in the statements. Opinlon In our opinion the financial statements gpie a fair wew of the state of the charities affairs at 31 December 2021 and of its surplus for the period ended and have properfy prepared in accordance with regulations of Charities Act. Date: 1st Aprll 2022 TrACKRECORDS MANAGEMEKf SERVICES LIMITED THE FARTHING ENTERPRISE CENTRE UNIT10, 39 FARTHING GROVE MILTON KEYNES MK6 4JH
GOSPEL TEMPLE, MIDLANDS FOR PERIOD 1st January 2021 to 31st DECEMBER 2021 Income & Expenditure 2021 2020 Unrestricted Funds Unrestrlcted Funds INCOME Total Offering Tithes Total Income 89.288.69 77,855.83 167.144.52 59,152.11 59,499.70 118,651.81 EXPENDITURE Pastors Wages MislIaneOUS Expenses Church Rent & Insurance Missions & Travel Expenses Christmas Bonus Welfare Support Motor & Church Bus Expenses Donation & Gifts Depreciation & Equipment Expenses Fuel Expenses Refreshments Sundry Expenses, Legal & Risk Assessment Stationery. Postage & Subscripts'ons Accountancy Fees Departmental Expenses 12.000.00 25.615.45 27,920.72 3,037.94 2,600.00 1,369.16 6,443.27 11.126.CKI 15,862.68 4.635.35 4.559.53 12.000.IJ) 15,096.18 27.465.67 3,587.50 0.00 4.334.00 1,799.57 4,304.95 17.847.48 4.779.50 636.45 3,137.17 5.794.62 1,860.00 2.710.00 128.671.89 38,472.64 5,413.26 3,168.60 1,720.00 350.00 102,503.16 16,148.65 NET PROFIT CONTINUING OPERATIONS: None ot the Churches activibes Ere acquired or disGontinued during the above financial period STATEME OFT TAL RECOGNISED GAINS AND LOSSES There were no recognised gains or losses in the above financial period other than the resutts for the period and, accordingty no ststement of total rec(KJnised gains and losses has been prepared. l approve the above accounts and ¢onfinn that I have made available all necessary in on for their preparation Rev Em
GOSPEL TEMPLE, MIDLANDS FOR PERIOD 1st January 2021 to 31st DECEMBER 2021 ACCOUNTANTS REPORT We have preparsd the al)ove accounts without canying out an audrf and from inft)m?ation from Gospel Temple. Midlands books and recon*s and explanations suppplied to us. Trackrecords Management Services Limtled The Farthing Erterprise Centre Unil 10. 39 Farthing Grove Netherfield Milton Keynes MK6 4JH
GOSPEL TEMPLE, MIDLANDS BALANCE SHEEr AS AT 31st DECEMBER 2021 2021 2020 FIXED ASSETS Tangible assets 8,263 11.017 CURRENT ASSETS Debtors Current Account 104,409 104.409 31,932 31,932 CREDITORS Amounts falling due 31,250 Net Current Assetsl {Liabilities) Total Assets Less Current Liabilities 73,159 81,422 31,932 42,949 NET ASSETS I (LIABILITIES) 81.422 42,949 CAPITAL & RESERVES Profrt and loss account Profrt and loss reserve 38,473 42.949 81,422 16,149 26,800 42,949 In approving these financial statements as the Trustee of the Charity, I hereby confirm that these accounts have been prepared in accordance ryth the provisions applicable to the Charities Act .Trustee l Obeng Rev rnanu The financial statements Vre approved by the board of Trustees .......... .2022
GOSPEL TEMPLE, MIDLANDS BALANCE SHEET AS AT 31st DECEMBER 2021 NOTES TO THE FINANCIAL STATEMENTS 1. AccouMfiNG POLICIES a) Basis of accounting The financial statements have been prepared under the historical cost convention. b) Income Income represents various financial donations r1ved to fund the operations of the church c) Depreciation Depreciation is provided on tangible assets at rates calculated to wrrte off the cost of each asset over ils expected useful Itfe. Th8 rates used on a redu¢ing balance are as followE: Equipment, Fixtures & Fittings 25% straight line 2. INCOME The income and profrt for the year is all attributed to the companvs principal activty and all services have been provided to the Uniled Kingdom market and some donations have been made to Ghana as aid. PENSIONS The Church does not operate a pension scheme. 3. OPERATING PROFIT The operating profft is ststed after charging: 2021 Depreciation of tangible fixed assets Pastors remuneration induded Paslors pension contributions 2.754 2.754 TAX ON ORDINARY AcnvmES This represents corporation tax 0% based on profft for the year on ordinary aciivitEs
GOSPEL TEMPLE, MIDLANDS BALANCE SHEET AS AT 31st DECEMBER 2021 NOTES TO THE FINANCIAL STATEMEKrs S. TANGIBLE FIXED ASSETS 11.018 31st December 2021 Additions At 31st Dernber 2021 11.018 Depreclation Charge for the year 2.754 At 31st Dember 2021 2.754 Net Book Value 31st December 2021 8.263 6. Debtors Debtors Current Account Barclays Premium Account Bardays Communty Account Busienss Current Account Bank Reconciliation 94,252.63 30.00 8.834.63 1,292.00 104,409.26 7. CREDITORS-Amounts falllng due less than 1 year Bank Loan >1 year 31,250 31,250
GOSPEL TEMPLE, MIDLANDS FOR PERIOD ENDING 31st DECEMBER 2021 Detailed Ineorne & Expenditure Unrestricted Fund8 INCOME 31 st Night Offering, 101 Fasting & Prayers Altar of God Offering Birthday Offering Children's Offering Choir Uniform Friday Offering Harvest Offering Fundraing Offering Pastols Car & Van Pledge Other, Easter, & Resurrection Offering Seed, Special & Saturday Offering Sunday School Books Sunday Offering Thanksgiving Offering Womens Fellowship Tithes Welfare Dues Gift Aid HMRC Furlough Total Income 2,909.35 680.00 100.00 1.055.33 260.00 103.46 10,382.00 690.00 14,641.26 1,313.97 1,417.02 155.00 22.944.24 8,098.98 760.00 77,855.83 2,410.00 14,155.80 7.212.28 167.144.52 EXPENDITURE Accountanys Fees AOG Membership Fees & Dues Church Bus Maintenance & Insurance Church Insurance Christmas Bonus Departmental Expenses & Bible School Fees Donations & Gifts Fuel Legal Fees & Risk Assessment Missions & Travel Motor Expenses Pastors Wages Mission Rent, Car Maintenan, Insurance. PAYE Pastors Appreciation Refreshment & Couples Night Expenses Rent Stationery, Printing & Prernises Expenses Training Sunday School Books 1,860.00 869.92 1.622.82 522.52 2,600.00 2,710.00 11,126.00 4.635.35 2.541.20 2.168.02 4,820.45 12.000.¢XI 23,565.45 2,050.00 4.559.53 27,398.20 2,399.62 3.245.00 150.00
Sundry Expenses welfa Support Depreciation & Equipment Expenses 595.97 1,369.16 15,862.68 128,671.89 NET LOSS FOR YEAR 38,472.64
ui me cha Drums x2 Bass Guitar Kerd Bass amp Laptop microphce x1 Microphone x3 Microphone x3 Mini bus Speakers x5 Pulpit x2 Curtains VaricMJ8 Assets Totsl 295.31 147.66 147.66 21.72 147.66 156.10 94.92 63.29 1.054.69 1,054.69 253.13 73.83 221.48 36.92 110.75 36.92 110.75 51.68 155.04 36.92 110.75 39.03 117.08 23.73 71.19 1582 47.47 263.67 791.02 263.67 791.02 63.28 189.85 15.82 47.47 1,833.10 5,499.29 2.754.38 8.263.13 BItvA 0.00 7,332 38 11.017.50 0.00