Charity Nuinber: 1185224 ASSEIllBLY OF COD SOIVERS OF COOD INIEIVS NI1,NISTRIES TRUSTFES. REPORT AND FINANCIAL STATE,%IENI TS FOR TIIE YEAR E,NDED 3110712025
ASSE.IIIJLI' OF GOD.SOII'ERS or GOOD liFII'.S ,1IIIN'ISTRIF.S Coiitcnts Leoal and adniinistrativc inforniation Tru4itLLS rcport IndcpcndLnl E-.iaiiiinLr's IILpc)rt StatemLnt ot. financial aclii'ilics BalancL Shcct Notes to the financial statLnicnts
ASSEMBLY OF GOO SOWERS OF GOOD NEWS MINISTRIES CHARITY INFORMATION FOR THE YEAR ENDED 311071?111£ TRUSTEES: Mcirta Ghezzi Silrnar Ghezzi Bnjno Santos SIlvK) Ramos REGISTERED OFFICE CIO Braemar Avenue Baptisl Church Braemar Avenue Wood Green London N22 78Y CHARITY NUMBER: 1185224 ACCOUNTANTS: Kletodo Consultancy 13 St. Swilhin's Lane. R(x)m 2 London EC4N 8AL
Trustees. report for the year ended 31•1 July 2025 The Irustoes presenl their annual report and financial stsilemonts for the year ended 31 July 2025. The trustees have adopted tho provisions of Ihe Stalemonl Practico Accounting and Roporting by Charities ISSLJed in March 2005 In Preparing the annual report and financial slatement ol the charity. The objects of the charlty are: 1. To advance the Christian faith for the publK benefit In such ways and In such parts ol the United Kingdom as the Irusloos Irom time lo time may think fit. 2.To relieve sickness and financial hardship and to promote and preserve gOj health by the Provision of lunds. gocxjs or services of any kind. including through the provision of counselling and support In such parts of Ihe United Kingdom as the trustees from time lo lime think fit. and 3. To advance educalion for the public benefit In such ways and In such parts ol Ihe United Kingdom as the trustees from time to lime may think fit. The trustees meet regularly to manage the charity affairs. The chanty has many volunteers during Ihe year. Transactlons and flnanclal posltlon The statement of financial acljvities shows a net profit of £0. Flxed Assets There were no fixed assets in the year ended 3111 July 2025 Fund avallable The present level of lunding is adequate to support the continuation ol the charity pnncipal activlties now in operatson lor the medium term, and Ihe trustees consider Ihe financial posilK)n ol the charity lo be salfactOry. Rlsk Management The trustees actively review the major risks which the chanty faces on a regular basis and believe thal maintaining reserves at current levels. combined with an annual review of the controls over key financial syslems, will provide sufficient resources in the event of adverse conditions. The truslees have also examined other operational and business nsks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Trustees. report for the year ended 31" July 2025 Chanty law requires the trustees to prepare the financial statements for each financial year with give a true and fair view of the state of affairs of the charity at Ihe year end and its Incoming resources and resources expended during that year. In preparing those financial statements, the trustees are required to, Select suitable accounting policies and Ihen apply them consistenlly; Make judgements and estimates thal are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have beon followed subject to any departures disclosed and explained In the financial statemenls, and Prepare the financial statements on the going concern basis unless It Is appropriate to presume that the charity will contsnue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial positson of the charity and enable them to ensure Ihat the financial statements comply with the Charities Act 2006. They are also responsible for safeguarding the assets of the charily and hence taking reasonable steps for the preventson and detection of fraud and olher irregularities. Independent Examination A resolutson proposing that Paulo Veronese be reappointed as Independent examiner will be put to the Annual General Meetsng. This report was approved by the trustees on 2410612026 and signed on its behalf by Marta Ghezzi Trustee 2410612026 Silmar Ghezzi Trustee 2410612026 Bruno Santos Trustee 2410612026
Independent Examlner's Report To the trustees Assembly of God Sowers of Good News Mlnlstrles I report on the accounts of the church for the year ended 31 sl July 2025 set out on the following pages which have been prepared based on the accounting policies shown in the corresponding pages. Respective responsibilities of trustees and examiner The trustees of the church are responsible for the preparation of accounts; they consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act), does not apply. It is my responsibility to: Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners made under secb'on 43(7)(b) of the Act 1993 Act. State whether partscular 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 Ihe accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of the unusual items or disclosuS in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence thal 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 Based on my examination, no matters has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with section 41 of the 1993 Act, or that the accounts presented do not accord with those records, or comply with the accounts'ng requirement of the 1993 Act. No matter has come to my attention in connection with my examination to which, in my opinion. attention should be drawn to enable a proper understating of the accounts to be reached. Paulo Veronese CPAA 2410612026
Statement of Financial Activities for the year ended 3110712025 Stalom•nt of Flnanclal kllviti•s lor the s•ar •nded 31107r2025 Unrostrlclod Funds 2025 2024 los Inc¢thng resourcos Inconlng resourcés from gen•ralod funds tswts ICY IWKIS M%lmont iK(yne Inclrring fOurc•S from charttabl• xtfvill•J Othor IncM4ng rnwurces Totsl Incomlng R•sourc•s •xponded Costs of G•n•rating Funds Cctsls o19erwatw¥J K4untary ncune stm&it manwenl costs Chafitablo adlvltles Gov•manc• costs SUPP cost Nel Incomlnty(oufgolng1 resou65 belore translvrs Gn>5s transl•rs b•t••n funds gn{lOs$•s) Othar rncognls•d galns1(lo•Msl G¥B kxsse5 rovakwtx)n cl fa(xl assets ILY tho chwtys (pxn use wxj tsse5 cn rnstynenl assets Net movwnent In fvnds Total lunds t*oughl forward T¢)lal funds carrled fontrafd
Ilalunce Sheet as at 3 lJuly 2025 Unreslrlcted funds Jles 2025 2024 FIx8d assets Tanglble assets Total fixed assets Current assets Debtors Cash at bank and In hand Total current assels Croditors: anx>unts falling due vAthln one yEar 10 Net CUrrt asSet(lIabIllu0sj Total assets less current Ilabllltles Credltors: arnunts falllng due after one ar 11 Net assets Funds of the Charlty Unrestrlcted fvnds Restrlcted Incorrn funds 12 Endown*nt funds Total funds F(K the year 3110712025 the company was entslled to eXptson under sectK)n 477 of the 12006 relabTrJ to small companEs. ) members have required company to obla"n an audrt of its accounts f£ the ar in in accordance with section 475 of the CpanIeS kl 2(( The directors acknowledge their responsibibty for complwrvJ with requirements of the kt wrth respect to acc¢)unting records and for Ihe preparatKMI of accLnts. Sned by 0 two trustees on behaff of all the trustees 8rurK) Santos . 2f2026
ASSEMBLY OF GOD SOWERS OF GOOD NEWS MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31•1 July 2025 1. Accountlng Conventlon The financial statements are prepared under Ihe historical cost convention and follow the recommendations In Accounting and Reportsng by Charities: Statement of Recommended Pracb"ce issued in March 2005 (SORP 2005) and the Chanties Act 2006. The charity has taken advantage of Ihe exemption in FRS01 from the requirement to produce a cash flow statement because It Is a small charity. 2. Accountlng pollcles Recognition of incoming resources These are included in the Statement of Financial Activities (Sofa) when.. The charity becomes entitled to the resources: The trustees are virtualty certain they will receive the resources: and The monetary value can be measured with sufficient reliability. Incoming resources with related expenditure Where incoming resources have relaled expenditure (as with fundraising or contract income) the Incoming resources and related expenditure are reported gross in the Sofa. Grants and donatlons Grants and donabons are only included in the Sofa when the charity has unconditional entitlement to the resources. Tax reclalms on donatlons and glfts Incoming resources from tax reclaims are included in the Sofa at the same time as the gift to which they relate. Gifts In klnd Gifts in kind are accounted for at a reasonable estimate of their value to the chanty or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the chanty. Gifts in kind for use by the charity are included in the Sofa as incoming resources when receivable. Investrnent Income This is included in the accounts when receivable. Llablllty recognltlon Liabilities are recognised as soon as there Is a legal or constructive obligation committing the charity to pay out resources. Governance costs Costs of the preparalion and examination of ststutory accounts. the costs of trustee meetings and cost of any legal advice to trustees on governance or constslutsonal matters.
ASSEMBLY OF GOD SOWERS OF GOOD NEWS MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111 July 2025 Grants wlth performance conditlons Where the chanty gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in Ihe Sofa once the recipient of the grant has provided the specified service or output. Grants payable without performance condltions These are only recognised in the accounts when a commitment has been made and there are no conditions lo be met relating to the grant which remain In the control of the charity. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e g. allocating property costs by floor areas, or per capita. staff costs by the time spent and other costs by Iheir usage. Investments Investrnents quoted on a recognised stock exchange are valued at market value at the year end. Other investment assels are included at trustees. best estimate of market value. 3. Analysls of Incomlng resources There were no incoming resources in the year ended 3151 July 2025 2025 2024 al18 Voluntary Incoff• ChLffch DonatKJns Total Investn*nt Incof Bank knlerest Total 10
ASSEMBLY OF GOD SOWERS OF GOOD NEWS MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31Jl July 2025 9. Debtors There were no debtors in the year ended 31 sl July 2025 10-11. Credltors There were no creditors in the year ended 31 St July 2025 12. Movement of funds There were no movement of fundos in the year ended 31 st July 2025 13. Employees There were no employees in the year ended 31 St July 2025 14. Trustees Expenses There were no trustees, expenses in the year ended 31sI July 2025 15. Fees for examlnatlon or audit the accounts There were no fees for examination or audit the accounts in Ihe year ended 3151 July 2025 16. Granting There was no granting in the year ended 31s1 July 2025
Dear Slrs, We conflrni the following Inforniatlon In connectlon wlth the financlal statements for the year 31 July 202515. to be best of our knowledge and bellef. true and falr, bearlng In mlnd the roqulrements of the Charltles Act 1993. 1. General To the best our acknowledge and belied all transactions undertaken have been property recorded In the accounting records and these financial statements and all relevanl records have been given to you. 2. Accounting Policies The Accountings policies used and detailed in the financial stalernents and are consistent with those adopted in the previous financial statements. Statement of Flnanclal Actlvltles - Except as dlsclosed In the financial statements. the results for the year were not materlally affected by: transactions of a sort not usually undertaken by the charity circumstances of an exceptional or non-recurrent nature charges or credits relatsng to prior periods or Any change In the basis of accounting. 11. Iv. Any expenditure included In the financial statements (where receipts or voucher5 were not available) was property made In connection with the carrying on ol the charity's business, unless specifically notified to you as being of a pnvate nature. 4. Flxed Assets (£0) There were no fixed assets in the year ended 3151 July 2025 S. Debtors (£O,00) The were no deblors In the year ended 3111 July 2025 6. Other Current Assets (£0) There were no other current assets in the year ended 3131 July 2025. 7. Llabllltles (£0 There were no liabilities in the year ended 3151 July 2025. 8. Capltal Commltments There were no capital commitsnents In the year ended 31 Sl July 2025 9. Contlngent Llabllltles There were no contingenl liabiliti6s in the year ended 3111 July 2025. 10. Post Balanco Sheot events No events have occurred between 3191 July 2025and the date of this letter which could materially affect the financial statements. 11. Transactlons wlth Trustees There were no transactions with trustees In the year ended 31 sl July 2025. 12. Othor Related Party Transactlons There were no other related paty transactions In the year ended 31 sl July 2025. 13. Golng concern There is no going concem after year ended 31 JI July 2025.
- Law and Regulations We confirm that the company has complied with all law and regulations relevant of the activities of the charity during the year ended under extemal examination and that we have made available all such relevant information necessary for extemal examination purposes. Yours faithfully Bruno Santos Trustee 2410612026 13