`
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
1
2-4
5
6
7-8
9
10|
|---|---|
## 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**
**1**
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.
**2**
## **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:
- (a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.
- (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.
**3**
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:
- select suitable accounting policies and then apply them consistently. - observe the methods and principles in the Charities SORP. - make judgements and estimates that are reasonable and prudent.
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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:**
**4**
**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**|
|---|---|---|---|
**5**
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**|
**6**
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**|
|---|---|---|---|
|||||
**7**
## **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|
8
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:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether matters have come to my attention.
## **Independent examiner's statement**
- My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. 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**
**9**
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|
**10**