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2022-03-31-accounts

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GOD'S BUILDERS FELLOWSHIP

(TRADING NAME: GBF INTERNATIONAL)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

GOD’S BUILDERS FELLOWSHIP

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED_31 MARCH 2022_
Legal and Administrative Information
Report of the trustees
Statement of financial activities
Balance Sheet
Notes to the Accounts
Independent examiner’s statement
Schedule of income and expenditure		 Page
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2-4
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6
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GOD’S BUILDERS FELLOWSHIP

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2022

CHARITY NO NUMBER:

TRUSTEES:

BUSINESS ADDRESS:

INDEPENDENT EXAMINERS:

1188151(England and Wales)

Excellent Emechebe Marcel Ofomata Chizoba Orji Jenifer Minnot

241 Fulbourne ROAD London E17 4HJ

Light Accountants Ltd 33 Postmill Road Sandwich CT13 OFU

Email:info@lightaccountants.co.uk lightcnglobalservices@gmail.com Telephone: 01304729369 Mobile: 07429137985

Web: www. lightaccountants.co.uk

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GOD’S BUILDERS FELLOWSHIP

REPORTS OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their report and accounts for the year ended 31 March 2022. The accounts have been prepared in accordance with the Constitution of a Charitable Incorporated Organization and The Charities Act 2011 and Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015). The reports take account of the requirement for Trustees to report annually on public benefit and the Trustees have had the Charity Commission’s guidance on public benefit.

Structure, governance, and management

Governing Document

GBF International is a Charitable Incorporated Organizations. The charity adopted Foundatio n ' model constitution for CIO on the 24 February 2020.

Appointment of trustees

Trustees are nominated by the chair. In appointing trustees, consideration is given to individuals who have adequate experience in running organized youth groups, training and education and community outreach.

Policies Adopted for the Induction and Training of Trustees

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the chairman on the powers and responsibilities of the Trustees.

Organisational Structure and Decision Making

The fellowship is organised so that the trustees meet every month to manage its affairs. The Chairman manages the day-to-day administration of the ministry with the assistance of volunteered members.

At the Trustee meetings, agreement is made by the Trustees on the strategy and activities of the ministry which includes charitable donations, investments, reserves and risk management policies and performance. Mrs. Excellent Emechebe birthed the vision of starting the fellowship. She is the Chairman of the fellowship’s board of trustee and the leadership team supports her in the vision of the fellowship.

Risk Management

The Trustees have assessed the major risks to which the ministry is exposed, particularly those relating to the operations and finances of the fellowship and are satisfied that effective and adequate systems and procedures are in place to mitigate our exposure to the major risks.

Reserves Policy

It is the policy of the Charity to maintain unrestricted funds, As the charity is new with limited income, the trustees will regularly review the reserves position of the fellowship in accordance with their commitments and anticipations.

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Objectives

We are a chosen family of love, motivated individuals who singled themselves out from different denominations to demonstrate agape love & pour out sacrificial service unto God. We are dedicated to encouraging and teach the full gospel of our lord Jesus Christ by providing a dynamic alternative but complementary platform to the church;

The objects of the ministry are,

  1. To advance the Christian religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals producing and/or distributing literature to enlighten others about the Christian religion.

  2. The prevention or relief of poverty by providing: grants, items, and services to individuals in need and/or charities, or other organizations working to prevent or relieve poverty.

  3. To advance in life and relieve needs of young people through:

  4. (a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.

  5. (b) Providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals.

Activities

Our motto is “THE DEFENDER OF HIS NAME” and because GOD defends us, we are willing to go extra miles for Christ. GBF is a family and a spiritual home. We are uniquely unique. The moment you step in here just have a deep breath because here is your final bus stop. God lives here and visit other places. Feel free and make yourself comfortable this is your family, we love you. This is a love centre and when one is crying all of us are crying and otherwise.

We meet every Thursday for our weekly meetings. We also have these unique outreaches and programmes we do yearly…

1) Insurance Day – At beginning of the year we insure our lives, families i.e., everything we have unto God.

2) Fruitful day of Blessing – we come with fruits that depicts our miracles

3) Evening with the king

4) Children’s day

5) Singles outreach

6) Men’s Corner

7) Men’s Rally Day

8) Summer Trip

9) Teens Day 10) Women’s day 11) September Family Day 12) Covenant day

13) General Thanksgiving (mid-year & End of year)

14)Group Thanksgiving 15) Love feast and end of year party 16) Christmas Carol

The trustees and the fellowship leaders meet every month where discussions and agreements are made by the Trustees on the strategy and activities of the charity which includes charitable donations, visitations, seminars, trainings investments, reserves and risk management policies and performance.

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The effect of the pandemics in organizing in presence activities is still on going. As a result, The charity continues to meet remotely via zoom for the weekly Thursday followship, group meetings and Saturday morning bible study whilst renting halls and community centers for special events.

For the year under review, the fellowship gave into food bank, helped members who were still suffering from the impact of covid on their livelihood. Money was also given to grieving families as well as extended financial support to the widows and other members who needed help. This year the charity started a project called green mission which aims at taken children in ruler African countries out from the street and send them to school or to learn skill Jobs. This is finance from voluntary contribution from the fellowship members. Christmas gifts were also sent to children department of Newnham hospital.

The Charity also had a memorable empowerment seminars and conferences for men, women, and youth during the year where the attendees were adequately equipped and educated on the principles and doctrines of living a happy Christian life.

The Fellowship continues to pray every morning by 5:30am Sunday to Friday and 6am on Saturdays. Also, we have members who stand in gap for us in prayers every Tuesday and Wednesday and Thursdays. GBF consistently follows up on members and some members of the public, locally and internationally, who have are in need. This had positive impact on people’s mental health and afforded them avenue to open-up if anything to discuss on issues bothering them.

Financial Review

As the ministry is relatively new and membership also was affected by the pandemic, the charity had a closing of £2,292 for the year ended 31 March 2022.

STATE OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SIGNED ON BEHALF OF BOARD BY:

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Mrs. Excellent Emechebe For the Trustees

GOD’S BUILDERS FELLOWSHIP

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

Incoming resources from generating funds:
Voluntary Income
Total incoming resources
Resources Expended
Payments in Furtherance of charitable objectives
Charitable activities
Governance costs
Total resources expended
Net incoming resources/(net outgoing resources)
before transfers between funds
Transfer between funds
Other recognise gains and losses
Net movement in funds
Total funds brought forward
Total funds carried forward for the year ended
31/03/2022		 Unrestricted
Funds
Notes
£
2
40,158

40,158

3
38,161

4
-
38,161
1,997
-
-
1,997
295
2,292		 2022
2021
Total
Total
£
£
40,158
14,867
40,158
14,867
38,161
14,572
-
-
38,161
14,572
1,997
295.0
-
-
-
-
1,997
295
295
-
2,292
295		 2021
Total

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GOD’S BUILDERS FELLOWSHIP

BALANCE SHEET

AS AT 31 MARCH 2022

GOD’S BUILDERS FELLOWSHIP
BALANCE SHEET
AS AT 31 MARCH 2022
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at Bank and Hand
Debtors
Creditors:amount falling
due within one year
Net current assets
Net assets
FUNDS OF THE CHURCH
Unrestricted income funds
TOTAL FUNDS		 Notes 2022
£
£
-
2,292
-
2,292
-
2,292
2,292
2,292
2,292
2,292
-
2,292
2,292
2,292

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GOD’S BUILDERS FELLOWSHIP

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2022

1. Accounting policies

The accounting policies have been applied consistently throughout the year and the preceding year.

a. Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' (SORP 2015) and the Charities Act 2011.

b. Incoming resources

Income resources have been clearly broken down to show the various sources of funds for the charity. The unrestricted income consists of funds the charity has discretionary control as regards to its disbursement. Please note that all incoming resources are only accounted for in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when it is receivable while donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

c. Resources expended

Resources expended shows the governance cost and money spent on charitable activities. Expenditure is recognised on accrual basis as a liability is incurred. Expenditure could be VAT inclusive if it cannot be fully recovered, and it is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

2. Voluntary income

Church Offering and Tithe
Gift Aid		 Unrestricted
2022
2021
Funds
Total
Total
£
£
£
40,158
40,158
14,867
-
-
-
40,158
40,158
14,867		 2021
Total

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3. Cost of Charitable Activities

Governance Costs
Employees
Charitable activities
Accounatncy Fee
Legal and Consultancy Fee
Bank Charges
Wages & Salaries
PAYE & NIC
Activities
Undertaken
2022
directly
Total
£
£
38,161

38,161
38,161

38,161
Unrestricted
2022
Funds
Total
£
£
-
-
-
-
-
-
-
-
2022
£
-

-		 Activities
Undertaken
2022
directly
Total
£
£
38,161

38,161
38,161

38,161
Unrestricted
2022
Funds
Total
£
£
-
-
-
-
-
-
-
-
2022
£
-

-		 Activities
Undertaken
2022
directly
Total
£
£
38,161

38,161
38,161

38,161
Unrestricted
2022
Funds
Total
£
£
-
-
-
-
-
-
-
-
2022
£
-

-		 2021
Total
£
14,572
14,572		 2021
Total
2021
Total
£
-
-
- -
2022
£
-

-		 2021
£
-
-

4. Governance Costs

5. Employees

No employee received emoluments of more than £60,000.00 during the period under review.

Number of employees = 0. The charity made used of volunteered services during this financial year.

6. Unrestricted funds

. Unrestricted funds
Unrestricted funds At At
Incoming Outgoing
2021 resources resources 2022
£ £ £ £
295 40,158 38,161 1,997

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GOD’S BUILDERS FELLOWSHIP INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF GOD’S BUILDERS FELLOWSHIP FOR THE YEAR ENDED 31 MARCH 2022

Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Independent examiner's statement

In connection with my examination, no matter has come to my attention.

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent examiner Light Accountants Ltd

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GOD’S BUILDERS FELLOWSHIP

SCHEDULE OF INCOME AND EXPENDITURE
FOR THE YEAR ENDED 31 MARCH 2022
RECEIPTS:
Incoming Resources:
Offering
Others
Total receipts
CHARITABLE ACTIVITIES:
Grants
Charitable projects
Church management and administration
Hall rental
Conference & Seminars
Softwares and Subscriptions
Printing,Postage & Stationery
Advertising and PR
Equipment Expenses
Travel and Motor Expenses
Total Expenditure
TOTAL CHARITABLE ACTIVITIES EXPENDITURE
Excess of receipts over payments
Bank current and deposit accounts at 01/04/2021
Bank current and deposit accounts at 31/03/2022		 £
18,483.94		 £
18,483.94
19,677		 £
40,158
-
40,158
8,587
6,036
474
1,838
355
2,171
215
38,160.80
1,997
295
2,292

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