INCOME AND EXPENDITURE Prepared for GOSPEL TEMPLE, MIDLANOS CHARITY NUMER. I IB2803 FOR PERIOD 1ST JANUARY 2024 TO 31ST DECEMBER 2024
GOSPEL TEMPLE, MIDLANDS CHURCH INFORMATION Ch•TIty Number 1182803 Rev Emmanuel Obeng Mr. Freeman Baffouf Ala Mr. Lewis Mensah Trustèes Gospel Temple AOG Gladstor)e Road Northamptr NNS 7EG Regl•l•Md Offlce Trackr8 Managem{1 ServiC•S Limiled 7 Cochran Chjse Cro)hIll Milton Keynés MK8 OAJ Ex*mln•rn
GOSPEL TEMPLE. MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 REPORTS The Trustees presents thr report and finan1 gtments for the yeyr ended 31st Dec 2024 ObJ•ct5 of the Charlty The olects of the creh ststed behN have teen set up lo prlmarly b&nefit the wbllc.. lal to 8dvanee Ihe Chri8ttan larth in #evefal waJ8 and in different parts ol the Unrted ngdom orlhe Wor as the Church Board trom tiw lo lime may think fft Ibl to relieve skneTs and fin8nual h#n15hip aTrJ promth and pre8efft go¢>J heath by the prowsion ol funds, gwls or servKes ol any Inc1ng the yovision of counselling and SUFPOrt In such parts ol the United or th8 vthj as the Chufctt Board Iiom lime to tirne think fil.. and.. (¢1 to advonce eduCatn in such vrdys and in SUGh parts ¢f the Unlted KInj0M or Ihe worhj as the Church Board from lime to ttme may think frt ey¢ially in parts of the UK wher• its us•rs are drawn from. in partityJ18r In tne *vancemenl of education. the furtherance ol heaf(h and the ralièl of p)verty, distress and sickn895 among childr women and others are dr8athantaged aTrJ the underprivikged. A¢tb¥ltlM of th• CrIty When planning the athivm'es of the church for the year, the ¢hurGh bowd lakes into account the the tharrti86 commBsion gUKlance on benefrt ar¥J, n particulaT, the speelfic guidance on charilies for the thancement of relKJh)n. In Fortular the church board tries to enable crfdin•ry petsF4e to Ive out ththr lèrttt as part ol our churth through the folbwng a¢tNrties'. Mondays Training of Tea¢heffJ Bitrle studies at bcrth Rugty and Northamrrton Coun¥glling Tu•%da 'blè studies at Rugby an(J Coventry Wednesdays Bible Studies Northamoon
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 Thursdays Prayer Meetitrj Rugby Counselli Frldayj Prayer rneelg at Northampton SAturday8 Cmoir meetirg at RbY arKI Northamplon Counsellir Leadership training Sundays Chur¢h al Rugby and NorthamFlon Flr•t Frlday of •very month Hall n9hl prayerts La•t Sturd•y ( vlery month Altar pr8r at Northamrlon Mondw to Fflday Morning Player on Zoom Afternoon Pray¢r on Zoom VI•lOn3 ThTOL4houl the bltek to Pthpttab arKI trMxn&s Evanyllsm SpT•ing the ChrIlan Fel by pernl V•itnc¥8 Youth Sgrv5c• Northamoon youth servico every Sunday Aftem¢)on. Achiev•ments and P•rformance• The organat7n Cot8 of 2 main branthes Il Rugby Norlhompon. The achievements and Ferformwsces are wbned efforts ol both b¢*ior However, the Church does not measure tre $u¢eess of rt$ prcrfJrammes only in numbers including financial numbws. tsul a150 in tangle areas like fellowship and encouragement The Trustees rQntse Ihaithese are drfficutt to measure. tyjt believe that 224 was a KA)Srtive yèar in the litè of the church Beltsw is allst of the Church's achievemerrt for tr yegr 2024.. 1) EvglisM The Church embarked on an evangeli&m woth Ythin the surrourKlings of Northarnpt. Rugby, Coventry and rts e1nleS
GOSPEL TEMPLE. MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 2) Social"sation The Church Organis a ¢niC day in Ncrfthamptort. They ak80 organL8ed faTnily meetings for its members and rKJn members of ¥thich a resource person was invrted lo give a ialk on how everyts)dy ean "ve in harmony each other as a chur¢. The chuTch also cA9anY6ed an end of yèar F4rty for rt¥ mèmbers. couF4es and youth. 3) Seminar SeminaT5 were orgarttsed for the church memtws 4) L6adersl]ip The church organkged a IhTee dap adershiPtrainIng lor the memtef8 5) Church Prcgrams I the church progr¥m8 ILSted above re all met TJ YouTube arjd F680& Ministy These church actNrti'e8 18 orqoing. They ye atAe to meet m05t ne&ts ol memters and non members. 8) Donation A Donation wa$ made at Hcly Hll ChaFel n Accra GIrta. 9J Membership The Tiustees can report an incree in their memberehi
GOSPEL TEMPLE. MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal Rovlew of the ChaTIty The Charit¥s results for the year and its finandal position * the end of the ar are fulty disclosed in the attached fjnancial statements. The total income for the year amounted to £267.OCé 58 We are very gT8teful lo all church membersvkno have gene[CY gNen nciallY and all help offered in the 11 years to keep the church goirg. Tanglbl• I1x aswts for by th• ¢harity There are movements in the fued assets C¢)mmltt•o of Membors. resp)nbIllI1S The charity law requires the committee of m•mber to prepare financial statements for each financial year, vA)Ich give a true view of the finan¢ial a¢tivrties of the tharity and of it6 fi'nancial posftion at the end of that period. In weparirg Ihcée financial 5tatemenl$. the cornmrttee ol members B required.. al Select surtable 8cwJrfiTrJ WI109 and apF4y them QXSLSiènlly. bl Make judgements and eslimes Ihal are reasale and prudent, cl Slatè vthether the Wjli¢ adoptl are in ¥cordance wth apr4icaUe aLxounllng standards and statements ol recommended aQurrtirwJ PTartice9. subject to any material deF0rtures disclc6ed and explamed In the finanal ststements". dl prere finan¢ial slalemènts on a ccrtefn bashs ue$S tt ra inapproFfrale to assume that thé eharity wll eontinue in OFeratty)n. The committee of memterry * resFLinsible for keeng proFer xcountirg re¢ordg. vknich dcbse$ wth rea8onatle a¢¢uracy at any lThe, the linancial FQ5rtion of the charity and lo enable them to ensure that the financral 8tatements CoMY wth Charities Act. They are also respont for safeguarL*"rvJ the assets ofthe ¢hanty and here for takiro reagonatle sleF6 forthe preventK¥n and detection of fraud and other irregularitie6.
GOSPEL TEMPLE, MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 examlnHs A resolution to apwint Messer TrackCordS Management seices Ltd as examiners lor Ihe ensuring year has teen wope6ed and agreed at the annua general meeting in accordance the Charities Act. Approval The rep)rt vrds approved ty the ¢x¢mmiitee of mèmbers on the 1st April 2025 ar¥J signed on rts behalf R•v Emmanu•l Ob•ng
GOSPEL TEMPLE MIDLANDS FOR THE YEAR ENDED 31 DECEMBER 2024 Examlner$ R•port We have examined the financial Statements in this rewrt. vthi¢h have been preF4f8d follt)vfftJ the wuntiTrJ pdIc, set out In the repJrL Raspoctivo responsIlI•S of truste and examln¢f As descrbed in report. thè Ite¢S of the Gc6Fd Ternple, mlandS are re¥p)n#ie lor the Preparation of financ1 statements. It 1$ our Tesponwbilities lo Irn an Indwndenl oyNon, based on Quf examinalKsn. fm the statements and to report our opinion to you. BaBl• of oplnion W¢ ccmductod our examination in ¥cNdance with stsThJafds charty a¢¢ounling and indewndeni examlnalion. The examinabon is on test ba8fv. of the 8Vrt1en¢e rèlevant to the arnount of disclosures in the linanc4al Statements 11 includes an assessment of the snifican1 eslimales aTrJ juoJement5 made by the commrtte8 of the rnembers in preparat of the financial slalements and whether th• gceounting pott.ues are aFprOpr¢ to Ihe ch¥ty'8 c4rGumstance, ¢on615tentty applied and adequately di8cbs•J. We planned and F¢rformed examinatn of the docAJments lo obtain all Ihe infomiatiw and Xaallr %thich we con8idered ne¢essary in order to y0ve ug wth Sufficnt evidence lo give reaSonae a8suranre that the linancial statements are flee form malerial misstat¢ments. vtheiher causéd by ITaLhl or othef Irregularit or error. In lorming (yjr opinK)n. also ev*ualed Ihe tyrferall adequacy of the pre8eniation of the information in the ststemenls. Oplnk)n In our opinion the finan¢ial statements give a fair view ol the stalè ol tbe ¢harth"8s affairs at 31 December 2024 and of rts [u$ for the ended and ha¥• properly prèpared in attrdance wkh reguwions ol Charrties A(1. 1st Aprll 202S TRACKRECORDS MANAGEMENT SERVICES UMITED 7 Cochran Clos• Crownhill Milton K•yn MK8 OAJ
GOSPEL TEMPLE. MIDLANDS FOR PERIOD 1st January 2024 to 31st DECEMBER 2024 Income & Expendltur• Unrestrlctyd Funds Unr8strlctsd Funds INCOME Total Offering Tithes Total Income 170.099 62 96.906.96 274 452.04 1(6,778 13 381,230.17 EXPENDITURE Pastors Wages k8oellaneou¥ Expenses Church Rent 8 Insurance Ms1OnS & Travel Expensei Motor & Church Bus Expens Donation & Gifts Dek¥eclalion & Equiprnent Expen8es Fuel ExFense8 Sundry & Lègal Expenses Stats"onery, Postage & gutAcripti¢Jn$ Accountancy Fees Departmentsl ExpenJe8 16.500 C 16,221 59 63,254.32 20.699.96 4,648.Q2 2,480 00 20,846. 17 5,528 77 15,486.42 9.187 65 720.00 660 00 176,232.90 90.7T3.68 11,000 CM) 21,835 84 42.CQO 19 10.01S.27 3,219.26 10,76652 2,846 84 5.383.10 12,468.83 8.309 45 1,220 CA) 860 00 129,725.30 251,504.87 NET PROFIT None of the Chur¢hes ac1w¢S were acqwred or dtscorrtirwA duriry the ate financLal period There were no T¢cognisèY gains or l¢%ges In the atove finanpal peri¢Jl other than lh8 result8 lor the penod and, accordingly no Btslemenl of tal recc4nk8ed gains and kisses has been prepared. l approve the atr¢&vè 8ccounts and confirm that I have madè available ati nece86a atson for ther prepar*trt Rev Ern OL
GOSPEL TEMPLE. MIDLANDS FOR PERIOD 1 •t January 2024 to 31st OECEMBER 2024 ACCOUNTANT5 REPORT We h8ve pP8d the 8bov& 8ccounts without carying 8n audit and from infom?ation from Gosp81 TpIe. mland s btK*S reccffds and explanat8 supppliyd to us. Traekfecords Management Services Limit•J 7 Cochran Clc6e Crovmhill Milton Keyne8 MK8 OAJ
GOSPEL TEMPLE, MIDLANDS BALANCE SHEET AS AT 31$t DECEhlBER 2024 FIXED ASSETS 6.058 Tantyble assets 1,185,815 CURRENT PSSETS Debtors Current Account 457,803 457.803 66,819 66.819 CREDITORS Amounts falling due 698,0(K) Net Current sets1 lknabilit'e51 Total AM¢ts Le8s Currént Liatslities -631,181 554,635 457,803 463,861 NET hSSETS I {LIA81LITIE8) 064 CAPITAL & REsERs Proffit and108$ account Proffit and loss I¢[¥• 90,774 463.861 S6431 251,505 212,356 I6361 In approving the8e fln4n¢lal stslements as Ihe TfU$tee of the Ctharlty, I hereby Conffim ih&t th•8e a¢¢ounts have been prepared in gccordance lIh the prov1$1¢ applic8bte to the Charilf85 Act TruBtee R•v Emma •1 Ol)g 2025
GOSPEL TEMPLE, MIDLANDS BALANCE SHEET A8 AT 31st DEceMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1, ACCOUNTINO POLICIES al 8asis of accounting The finanual slatèments have been prepared under the historf¢81 coot e4)fNention. b) Income Income represents variou8 1In#nci81 donaions re¢eived to ftmd th¢ oper4tion6 of the chur¢h c) Depreciation Depre¢iation is provided on tangible a8sets al ratss ¢alculokd Io V•Tth off the cost of eath as8et over its expe(*od UBefrJl lift. The rate¥ u5•d on a re(hJdng balance are a8 follo. 25% gtraitht line Equlpment, Fixtures & Frtdngg 2. INCOMÉ The Inme and yofft for the year18 all althuted lo the conwnls principal aGtP4rty and all $ervices have been yovided to the Uniieé Kingdom morkel and Some donats'ong hav¢ been made to Ghana a8 aid. PENSIONS The Church doe6 not operate a pension herne. 3. OPERATINO PROFIT The operating proffit 15 Stated after charging: 2024 DepferAation of tangble fixed 885ets Pasto remuneraDon Included Pa8torn pension contributions 20.Q01 16.500 413 36.914 4. TAX ON ORDINARY ACTIVITIES This r•pr•sénts corporation tax based profit the y¢ar on orthary aellvities
GOSPEL TEMPLE, MIDLANDS BALANce SHEET AS AT 31$t DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 6. TANOI8Le FIXED AS8Ef8 6,058 3181 Decen*er 2024 Addittons At 31st December 2024 1,199,758 1.205,816 Depr•dation Charge for Ihe year 20.001 At 31st December 2024 N•t Book Va• @ 31st D•c•mbDr 2024 1.185.815 8. D•btors Debtor$ Curr•ntAe¢ount Th6 Cowop•rath'v• Bank Barclay8 Pr•rrium Account Bar¢leys Gospel Temple Petty Lxsh 61,132.79 4,039.32 697.2 950.00 66119.31 7. CREDITORS4mounts falling due loss Bank Loan >1 81 Mortgage 698.000 698,000
GOSPEL TEMPLE, MIDLANDS FOR PERIOD ENDING 31st DECEMBER 2024 Dotai19d Income & Ex[MlluTe Unr•strl¢tad Funds INCOME Offerir@ Tf(hes Grfl Pledge Seed & Spttial Offerin9 Other Income Interest Income Total Inccrfi 1C6.325.71 96,906.96 30.466.65 7,315.00 6,161.21 15,033 76 4,797.29 267.006.58 EXPENDITURE Accountant's Feeg Church 8us Maintenance & Insurance Church In8urance Advertl8ing & Mar1¢ettna BItAe School Fees Donati.0, Gifts 8 Ordinatlon Fuel Legal Fees & Rlsk h£seBsment Mls$ions & Travel P4$tors Wages MwsKn Ront, Car Maintenaneè. In8ur#nee, PAYE Rent Stationery, Printing & Premises Experwes Sutyjry Expenses 8ank Charges Depfeclation & Equipment Expenteb 720 4.648.U2 4,403. 1.844 79 J.00 2.480 5.528 77 8.)0.c 20,699.96 16.SCQ.C#J 14.212 59 58,85108 9.187.65 7,486 42 164.21 84S 08 156.231.81 NET PROFIT FOR YEAR 11
Detff•uatiOn 5•ts Ost Building Church Equ4oment Computer Equipment Fumiture 1.125.812.06 1.125,812.C6 44,854.57 SO.912.57 10,ofh).00 io.coo.00 19.091.80 19.OS1.80 1,125,812.OS 38,184.43 7,500.00 14,318.85 6,058.00 12.728.14 2.500.C 4,772.95 os 0 001.09 1 185 Bl Tot81
INCOME Trth•s Tithe5 AhtaT of od, 0. Nigh¢ EX[th"on seed. Euro Gmverwgn. First Fnjl Friday, HaThesL Inwguratiori, B•nk Inter•sL Fellowship. Mis5U)$. oth¢r r8v•nue. So.¢48Y & SLmd8y. Sèed & Speaal seed, Thanksgiwng, Weffar• & Womens F¢llowship. Tot Off•rin EXPENDITURE Pastors Vva 0$ es Pastor5 Caf Insurw¢¢ & Mainten•)c•, Renl PAYE, A recigthon Over51ade. Doddrid AOG membership, Missions, Travel & Vigin Pastar Churctt Bus expen59s. church bus Insura8, & Red Krto cnatsons. & Grft reciab'on & E Fuel General Expens•s. Le991 & Risk As$essmenl Ststh"onery & nts'ng. Telephone.Subs¢nptsrybS, Premist6 •nse$ Accoun Children'$. Men's & W¢)men s FellOlP miellDeOUS Ex Church Rent 8 Insur•nce enses Mi$$iona & Travel Ex ¢nses Motor & Church BUJ Ex Dtsnion & Gifts De reciation & g Fu•1 Ex enses ¢n609 tnt EM •rtses uipment E ense Sund & Le l Ex Stali¢n¥ Accountan Posts e & SubKri F•eg bon$ Jrtm8nl•l E enseF