Mercygate Gospel Church
Trustees' report and financial statements
30 June 2025
Charity Regd number 1189994
Company Regd number 11402610
Mercygate Gospel Church Trustees' report and financial statements
Contents
| Contents | |
|---|---|
| Page | |
| Legal and administrative information | 1 |
| Trustees' report | 2 |
| Independent Examiner's report | 3 |
| Income statement | 4 |
| Balance sheet | 5 |
| Notes forming part of the financial statements | 6 - 7 |
Mercygate Gospel Church Trust info
| Legal and administrative information | |
|---|---|
| for the period ended 30 June 2025 | |
| Charity Reg No | 11402610 |
| Principal Office | 18 Tithe Barn Way |
| Northholt | |
| Middlesex | |
| UB5 6NN | |
| Independent Examiner | Ola Olukotun |
| Chartered Certified Accountant | |
| 77 Thornbury Gardens | |
| Borehamwood | |
| Hertfordshire | |
| WD6 1RD | |
| Bankers | Barclays Bank plc |
| Director | Serifatu Olubunmi Adebiyi |
| Olusegun Olaifa | |
| Olalekan Akinbi | |
| Bola Aderonke Akinbi | |
| Nikky Yetunde Tiamiyu | |
| Secretary |
1
Mercygate Gospel Church Trustees' report and financial statements
The Trustees submit their annual report and the financial statements of Mercygate Gospel Church (the charity) for the year ended 30 June 2025. The Trustees confirm that the annual report and financial statements of the charity comply with current statutory requirements, the requirements of the charity's governing documents and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
Method of appointment or election of Trustees
The management of the charity is the responsibility of the trustees.
Constitution policies and objectives
The charity is a registered charity with reference 1189994. The object of Mercygate Gospel Church continues to be worship of God, and poverty/hardship/distress relief.
Membership
The organisation may admit as members any persons who are interested in the objects of the organisation and who may be specially qualified or possess unique knowledge to aid the association towards the attainment of its objectives.
Review of activities and future developments
The current membership strength of the Association consist of mixed gender (young and older adults including children) from diverse ethnic and cultural background. The thrust of our philosophies focuses on promoting the educational, moral and cultural advancement of Christian in the community. We also inculcate in our members the spirit of goodness and cordial relationship with our neighbours and community irrespective of their faith, creed, sect, or religious beliefs. We relationship with our neighbours and community irrespective of their faith, creed, sect, or religious beliefs. We also engage and participate in charitable activities for most needy' member of the community.
Trustees' responsibilities
The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also 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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
This report was approved by the Trustees on 5th February, 2026 and signed on its behalf, by:
Serifatu Olubunmi Adebiyi
2
Mercygate Gospel Church
INDEPENDENT EXAMINERS REPORT
I report on the Financial Statements for the year ended 30 June 2025 set out on pages 4 - 7.
This report is made solely to the Trustees of Mercygate Gospel Church, as a body, in accordance with regulations made under section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees matters I am required to state to them in an Independent Examiner’s report.
Respective responsibilities of Trustees and Independent Examiner
As Charity Trustees, for the purposes of charity law, are responsible for the preparation of the financial statements, the Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
Independent examiner's statement
Having satisfied myself that the Charity is not subject to an audit and is eligible for independent examination, it is my responsibility to:
a)� examine the accounts under section 145 of the 2011 Act
b)� follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and
c)� state whether particular matters have come to my attention.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Independent Examiner’s Statement
Since the Charity’s gross income does not exceed £250,000 your examiner must be a full member of the Association of Charity Independent Examiners. However, if it exceeds the £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a full member of Association Charity Independent Examiners and a member of Institute of Financial Accountants (IFA) UK, which is one of the listed bodies.
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
a)� to keep accounting records in accordance with Section 130 of the Charities Act, and,
b)� 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.
Signed:
Dated: 5th February 2026
Ola Olukotun 77 Thornbury Gardens Borehamwood Hertfordshire WD6 1RD
3
Mercygate Gospel Church Trustees' report and financial statements
Income Statement for the year ended 30 June 2025
| Notes Incoming Resources 2 Resources Expended Charitable activities 6 Net Incoming Resources Tax on income on ordinary activities Net Incoming Resources After Tax |
2025 £ 29,563 (22,084) 7,479 0 7,479 |
2024 £ 15,429 (17,385) |
|---|---|---|
| (1,956) | ||
| 0 | ||
| (1,956) |
4
Mercygate Gospel Church Trustees' report and financial statements
| Balance Sheet Notes FIXED ASSETS Tangible assets 3 Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current (liabilities)/assets Long term loan Net assets Charity funds Unrestricted Funds 5 as at 30 June 2025 |
2025 £ 0 0 10,548 10,548 (592) 9,955 0 9,955 9,958 |
2024 £ 3 0 2,968 |
|---|---|---|
| 2,968 (492) |
||
| 2,476 0 |
||
| 2,479 | ||
| 2,479 |
The financial statement were approved by the trustees on 5th February, 2026 and signed on their behalf, by: signed on its behalf, by:
Serifatu Olubunmi Adebiyi
Trustee
The notes on pages 6 to 7 form part of these financial statements.
5
Mercygate Gospel Church Trustees' report and financial statements
Notes
(forming part of the financial statements)
1 Accounting policies
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the trust's financial statements except as noted below.
Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and accounting policies set out below.
Income
Income represents the tithes, offerings, collections, donations and gifts given to the church.
| 2025 £ 2 Income Income attributable to this period 29,563 3 Fixed assets Motor Vehicle Plant & MachineryIT Cost 01/07/2024 0 10,228 0 Additions 0 0 0 Disposal 0 (10,228) 0 30/06/2025 0 0 0 Depreciation 01/07/2024 0 10,225 0 Disposal 0 (10,225) 0 Charged in the year 0 0 0 30/06/2025 0 0 0 NBV 30/06/2025 0 0 0 30/06/2024 0 3 0 4 Creditors: amounts falling due within one year Creditors 0 Corporation tax (8) Other taxes and social security costs 0 Loan 0 Other creditors 0 Accrual - Accountancy fee 600 592 5 Unrestricted funds At 1 July 2,479 For the year 7,479 At 30 June 9,958 6 |
2025 £ 29,563 Motor Vehicle Plant & MachineryIT 0 10,228 0 0 0 0 0 (10,228) 0 |
2025 £ 29,563 Motor Vehicle Plant & MachineryIT 0 10,228 0 0 0 0 0 (10,228) 0 |
2024 £ 15,429 |
|---|---|---|---|
| Total 10,228 0 (10,228) |
|||
| 0 0 |
0 | 0 | |
| 0 10,225 0 (10,225) 0 0 |
0 0 0 |
10,225 (10,225) 0 |
|
| 0 0 |
0 | 0 | |
| 0 0 |
0 | 0 | |
| 0 3 |
0 | 3 | |
| 0 (8) 0 0 0 600 592 2,479 7,479 9,958 |
0 -8 0 0 0 500 |
||
| 492 | |||
| 4,435 (1,956) |
|||
| 2,479 | |||
Mercygate Gospel Church Trustees' report and financial statements
| Income Tithes Offerings Interest Drama Favour Native Church Samuels Thanksgivings 6 Charitable activities Employee costs: Salaries Employer's NI Staff training Travel and subsistence Motor expenses Premises costs: Cleaning Rent General administrative expenses: Storage Phone Postage Stationery and printing Information and publications Evangelical Donation Carriage Church consumables Video Production Misc church equipment Bank charges Welfare Depreciation Office consumables Insurance Taxi Internet H&S Function cost Website Software Sundry expenses Legal and professional fees Accountancy fees Consultancy Other legal and professional |
2025 £ 21,174 6,850 7 30 130 3 240 140 989 |
2024 £ 15414 0 15 0 |
|---|---|---|
| 29,563 0 0 32 1,099 0 1,131 0 15482 15,482 0 0 0 185 0 3,000 0 0 943 0 0 118 0 0 0 116 0 32 0 0 0 219 108 4,721 600 0 150 |
15,429 | |
| 0 0 267 0 0 |
||
| 267 | ||
| 0 12997 |
||
| 12,997 | ||
| 0 0 0 441 0 500 0 0 213 0 0 262 0 1944 0 121 0 0 0 0 0 |
||
| 3,481 | ||
| 500 0 140 |
750 640 22,084 17,385
| Profit per profit and loss accounts Add: Non-allowable expenses Traffic penalty Depreciation Mobile phone - personal Less: Capital allowance Adjusted Profit/(loss) S393A Carryback 12 months PCTCT CT Payable |
£ 7,479 0 0 0 0 7,479 0 7,479 -- 7,467 1,419 Corporation Tax Computations for the year ended 30 June 2024 Mercygate Gospel Church |
£ 7,479 0 0 0 0 7,479 0 7,479 -- 7,467 1,419 Corporation Tax Computations for the year ended 30 June 2024 Mercygate Gospel Church |
|---|---|---|
| 7,479 0 |
||
| 7,479 -- |
||
| 7,467 | ||
| 1,419 |