## **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
Debtors
8
Creditors: amounts falling due within one year
Accruals
9
Analysis of net assets between funds
Cash at bank and in hand
Other net current assets/(liabilities)
Total
10
Analysis of charitable funds
Analysis of movements in funds
General fund
Total|£
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|