GOSPEL FIRE INTERNATIONAL (A company limited by guarantee)
Report and Financial Statements For the Year Ended 31 December 2024
Charity number 1190408 Registered Date: 14 July 2020
Contents
| Reference and ministrative information | 3 |
|---|---|
| Structure, Governance and Management | 5 |
| Report of the years activities | 7 |
| Financial Review | 7 |
Gospel Fire International Report and Financial Statements for the Year Ended 31 December 2024
The board of trustees presents its report and financial statements for the year ended 31 December 2024
Reference and ministrative information
Charity name: Gospel Fire International
Charity registration number:
1190408
Registered address: 15 Seabrook Avenue, Exeter, Devon, EX2 7DW
Board of trustees
Mrs Miriam Diment Chair Mr Joshua Rex Vice Chair Mr Tim Davies Treasurer Mrs Rebekka Franz Trustee
Our Aims and objectives
Purposes and Aims
Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are to:
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to advance the Christian faith;
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to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby;
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to advance education in accordance with Christian principles; and in Kenya and such other parts of the world as the trustees may from time to time think fit.
Ensuring our work delivers our aims
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We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The focus of our work
One of the main focuses of our work this year has been to continue to establish the charity and begin to raise funds so that we can carry out the work stated in our aims and objectives. While we are continuing to the raise funds and awareness of our charity, we are day to day also continuing to work along side GFI Kenya and partner with them offering hands on support to the work they are doing in Kenya.
How our activities deliver public benefit
As the charity is in its infancy we are focusing on raising funds and establishing it so that we can benefit the public.
The charities objects and funding focus the charities work to benefit the people Kenya and the surrounding areas by providing opportunities for biblical teaching and prayer it will enhance the moral and ethical framework of the communities in which it works. Many of its activities will relieve the needs of both individuals and whole communities, for example, by providing much-needed facilities and by facilitating access to health-care and / or educational opportunities for those who might not otherwise being able to access them.
The charity's activities will benefit a sufficient section of the public and provide equal access as most of the work will be open to all individuals within a given community.
When beneficiaries are selected according to need, any private benefit will be heavily outweighed by the knock-on benefits to the wider community (of a healthier and more well educated community).
Who used and benefited from our services?
In 2023, our activities were limited, and we did not actively engage in projects or utilize the funds received. However, we are committed to expanding our outreach and services in 2024, and we look forward to making a meaningful impact in the coming year.
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Structure, Governance and Management
Governing Document
The organisation is a charitable Incorporated Organisation, incorporated on 14 July 2020 and registered as a charity at the same time on 14 July 2020. The CIO was established under a Governing Document which established the objects and powers of the CIO. In the event of the company being wound up members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
Recruitment and Appointment of Management Committee
The charity trustees under the CIOs under the requirement of the Governing Document are elected to serve until they chose not to, or are unable to.
All member of the board of trustees give their time voluntarily and received no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.
Trustee Induction and Training
While no formal trustee induction or training sessions were held in 2024, most trustees are already well-acquainted with the practical work of the charity, having been encouraged to visit our projects in Kenya.
Additionally trustees are all sent
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Newsletters showcasing our latest work and projects as well as our future plans and objectives
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The main documents which set out the operational framework for the charity including the Governing Document.
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The current financial position and latest published accounts.
Organisational Structure
Gospel Fire International UK has a board of trustees, currently consisting of 4 members who meet annually and are responsible for the direction of the charity. At present the The Chair is responsible for ensuring that the charity delivers the objects specified in the charities aims and objectives. The Vice Chair has responsibility for the day to day of the charity.
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Related Parties
In so far as it is complimentary to the charity’s objects, the charity is working with ‘Gospel Fire International Kenya' who are the “hands and feet” carrying out the practical aims and objectives for Gospel Fire International.
Responsibilities of the Management Committee
The CIO’s Governing Document requires the board of trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company for the financial year.
In preparing those financial statements, the management committee should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is not appropriate to assume that the CIO will continue on that basis.
The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Management Committee
Members of the board of trustees, who served during the year and up to the date of this report are set out under the Board of trustees heading on page 3 and as a board of trustees, we certify that:
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so far as we are aware, there is no relevant audit information of which the company’s auditors are unaware; and
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as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.
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Report of the years activities
In 2024, Gospel Fire International (GFI) UK took its first steps in directly funding projects aligned with our mission. We are pleased to report that £10,000 was released toward two key initiatives:
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£5,000 was allocated to cover school fees for 27 individuals , enabling access to education and discipleship opportunities for those who might otherwise have been excluded due to financial hardship.
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£5,000 was invested into a micro-business start-up project , helping to launch a pig farm designed to support long-term sustainability for missionaries serving in Uganda. This initiative empowers local workers and encourages self-sufficiency in ministry.
These activities mark a significant milestone in GFI UK's growth, demonstrating our increasing ability to contribute directly to the vision we share with our international partners.
We remain grateful for the ongoing work of our sister organisations in Germany, Switzerland, and Kenya, who continue to carry out vital on-the-ground operations. Together, we are seeing lives transformed through holistic ministry efforts that combine practical help with the message of hope in Christ.
Financial Review
In 2024, GFI UK allocated £10,712 toward charitable activities and administration, including £10,500 for ministry-related projects. This is a notable development from the previous year, where no funds were directly spent. These initial investments reflect our growing capacity and commitment to directly impacting the communities we serve.
Principal Funding Sources
We continue to rely on one-off donations and do not yet have a consistent principal funding stream. In 2024, income was significantly lower than in 2023, totalling just £1,931 , compared to £16,986 the previous year. Despite this, we made the intentional decision to release funds toward critical needs, believing this faithful step will lay a foundation for deeper engagement and support in the years ahead.
We are actively seeking to grow our supporter base in the UK and welcome those who would consider partnering with us to bring lasting impact to communities in East Africa.
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Plans for Future Periods
In the coming year, the charity aims to build on the progress made in 2024 by increasing fundraising efforts and continuing to identify impactful, sustainable projects. We will focus on equipping local missionaries, supporting education, and strengthening long-term ministry sustainability across Kenya, Uganda, and South Sudan.
Mr Joshua Rex
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GOSPEL FIRE INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31st December 2024
| Income from Donations & Legacies 3 Bank Intrest Total incoming resources Expenditure on Charitable activities 4 Bank Charges Total expenditure Net income (expenditure) and net movement in funds for the year Transfer between funds Net movement in funds |
Unrestricte d Funds Restricted Funds Total Funds 2024 Total Funds 2023 £ £ £ £ 1,902 - 1,902 16,952 29 29 34 |
|---|---|
| 1,931 - 1,931 16,986 | |
| 10,500 10,500 15,000 212 212 85 |
|
| 10,712 - 10,712 15,085 | |
| (8,781) - (8,781) 1,901 | |
| (8,781) - (8,781) 1,901 |
9
| Reconciliation of funds Total funds brought forward Total funds carried forward |
17,819 17,819 15,918 |
|---|---|
| 9,038 - 9,038 17,819 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes on pages 3 to 6 form part of these financial statements
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BALANCE SHEET
for the year ended 31st December 2024
| Current assets Debtors 8 Cash at bank and in hand Total current assets Liabilities Creditors falling due within one year 9 Net current assets Total assets less current liabilities Creditors: falling due after more than 1 year Provisions foe liabilities Total net assets 10 The funds of the Charity Restricted income funds Unrestricted income funds 11 Revaluation reserves |
2024 £ - 9,038 9,038 - 9,038 9,038 - - 9,038 - 9,038 - |
2023 £ - 17,812 |
|---|---|---|
| 17,812 - |
||
| 17,812 | ||
| 17,812 - - |
||
| 17,812 | ||
| - | ||
| 17,812 - |
||
| 11 |
Total unrestricted funds Total charity funds
| 9,038 9,038 |
17,812 |
|---|---|
| 17,812 |
These accounts were approved by the board of trustees and authorised for issue on:….........................................
2023 and are signed on their behalf by:
…...........................................................
A Mahand - Trustee
The notes on pages 3 to 6 form part of these financial statements
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NOTES TO THE ACCOUNTS
for the year ended 31st December 2024
- 1 Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of Preparation
The Financial Statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
b)
Public Benefit Entity
Gospel Fire International meets the definition of a public benefit entity under FRS 102
c) Going Concern
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as ongoing concern.
Income Recognition d) Policies
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Items of income are recognised and included in the accounts when all of the following criteria are met:
-
.
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The charity has entitlement to the funds;
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. Any performance conditions attached to the items of income have been met or are fully within the control of the charity;
-
.
There is sufficient certainty that receipt of the income is considered probable; and
. The amount can be measured reliably.
Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.
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NOTES TO THE ACCOUNTS
for the year ended 31st December 2024
e) Fund Accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the doner has specified are to be solely used for the particular areas of the Charity's work or for specific projects being undertaken by the charity.
f)
Expenditure and Irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
g)
Debtors
Debtors are recognised at the settlement amounts due.
h)
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
i)
Creditors and Provisions
Creditors and Provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliability. Creditors and Provisions are normally recognised at their settlement amount.
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GFI
NOTES TO THE ACCOUNTS
for the year ended 31st December 2024
| 2 | Legal Status of the Charity | |||
|---|---|---|---|---|
| Gospel Fire International is a registered Charitable Incorporated | Organisation and | |||
| is governed by its constitution as dated …...................... | ||||
| 3 | Income from donations | 2024 | 2023 | |
| £ | £ | |||
| Gifts and donations | 1,902 | 16,952 | ||
| Bank Intrest | 29 | 34 | ||
| 1,931 | 16,986 | |||
| 4 | Analysis of expenditure on charitable activities | 2024 Total |
2023 Total |
|
| £ | £ | |||
| Ministry expenses | 10,500 | 15,000 | ||
| Outreach | ||||
| Bank Charges | 212 | 85 |
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| Travel Insurance Total 5 Net income (expenditure) for the year Bank Charges |
10712 2023 £ 212 |
|
|---|---|---|
| 15085 | ||
| 2023 £ 85 |
||
| 212 | 60 |
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for the year ended 31st December 2024
- 6 Corporation tax
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
| 7 Debtors 8 Creditors: amounts falling due within one year Accruals 9 Analysis of net assets between funds General Fund £ |
2024 £ - - 2024 £ - - Designat ed Funds Restricte d Funds £ £ |
2023 £ - |
|---|---|---|
| - | ||
| 2023 £ - |
||
| - | ||
Total £ |
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Cash at bank and in hand 9,038 9,038 Other net current assets/(liabilities) - - Total 9,038 - - 9,038
| 10 Analysis of charitable funds Analysis of movements in funds General fund Total |
Balance Incoming resource s Resourc es expende d Transfer s Funds 01/01/20 24 31/12/20 24 £ £ £ £ £ 17,819 1,931 (10,712) - 9,038 |
|---|---|
| 17,819 1,931 (10,712) - 9,038 |
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