2025-12-31-accounts - Gospel Fire International

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GOSPEL FIRE INTERNATIONAL

(A company limited by guarantee)

Report and Financial Statements

For the Year Ended 31 December 2025

Charity number 1190408

Registered Date: 14 July 2020

GOSPEL FIRE INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2025

Income from Donations & Legacies 3 Bank Intrest Total incoming resources Expenditure on Charitable activities 4 Bank Charges Total expenditure Transfer between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Net income (expenditure) and net movement in funds for the	£ £ £ £ 2,820 - 2,820 1,902 13 13 29 Unrestricted Funds Restricted Funds Total Funds 2025 Total Funds 2024
	2,833 - 2,833 1,931
	4,264 4,264 10,500 85 85 212
	4,349 - 4,349 10,712
	(1,515) - (1,515) (8,781)
	(1,515) - (1,515) (8,781) 9,038 9,038 17,819
	7,523 - 7,523 9,038

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 __ to __ form paart of these financial statements

GOSPEL FIRE INTERNATIONAL

BALANCE SHEET

for the year ended 31st December 2025

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 Total unrestricted funds Total charity funds	2025 £ - 7,523 7,523 - 7,523 7,523 - - 7,523 - 7,523 - 7,523 7,523	2024 £ - 9,038
		9,038 -
		9,038
		9,038 - -
		9,038
		-
		9,038 -
		9,038
		9,038

These accounts were approved by the board of trustees and autherised for issue on:…......................................... 2023 and are signed on their behalf by:

…........................................................... A Mahand - Trustee

The notes on pages __ to __ form paart of these financial statements

GOSPEL FIRE INTERNATIONAL

NOTES TO THE ACCOUNTS

for the year ended 31st December 2025

1 Accounting Polocies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preperation of the financial statements are as

a) Basis of Preperation

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 Irland (FRS 102) and the Charities

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting

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 agoing concern.

d) Income Recognition Policies Items of income are recognised and included in the accounts when all of the following criteria are met:

. The charity has entitlement to the funds;
. Any performance conditions attached to the items of income have been met or are fully within the control of the charity;
. There is suffcient certanty 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.

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

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

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 reliabily. Creditors and

GOSPEL FIRE INTERNATIONAL

NOTES TO THE ACCOUNTS

for the year ended 31st December 2025

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 Gifts and donations Bank Intrest 4 Analysis of expenditure on charitable activities Ministry expenses Outreach Bank Charges Travel Insurance Total 5 Net income (expenditure) for the year Bank Charges	2025 £ 2,820 13 2,833 2025 Total £ 4,264 85 4349 2025 £ 85	2024 £ 1,902 29
		1,931
		2024 Total £ 10,500 212
		10712
		2024 £ 212
	85	212

GOSPEL FIRE INTERNATIONAL

NOTES TO THE ACCOUNTS

for the year ended 31st December 2025

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.

£ 7,523 - 7,523 Balance 01/01/2025 £ £ 9,038 2,833 Incoming resources General Fund	£ 7,523 - General Fund	2025 £ - - 2025 £ - - £ £ Designated Funds Restricted Funds	2024 £ -
			-
			2024 £ -
			-
			£ 7,523 - Total
	7,523	- -	7,523
		£ £ (4,349) - Resources expended Transfers	Funds 31/12/2025 £ 7,523
9,038 2,833		(4,349) -	7,523