## 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|