# **ANOINT GOSPEL INTERNATIONAL CHURCH** 

## **FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 01[ST] MARCH 2024** 

**CHARITY NUMBER: 1195221** 



## **ANOINT GOSPEL INTERNATIONAL CHURCH** 

|**INDEX**|||
|---|---|---|
||**Page**||
|Index|1||
|Trustee’s Report|2 - 3||
|Receipts and Payments Account||4|
|Statement of Assets and Liabilities||5|
|Notes on the Financial Statements||6|
|Examiner’s Report||7|



## **ANOINT GOSPEL INTERNATIONAL CHURCH** 

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## **TRUSTEES’ REPORT** 

## **FOR THE YEAR ENDED 01[ST] MARCH 2024** 

The trustees are pleased to present their report for the year ended 01[ST] March 2024 for the charity, Anoint gospel International Church with charity number 1195221. 

The Trustees of the charity are: Gemechisa Hailu Hordofa 

Elias Aga 

## Nardos Kenbata 

The principal address of the charity is: 50 Bletchley Court Wenlock Street London N1 7NY 

## **Structure, Governance and Management** 

The Charity governing document is a CIO registered on 20 July 2021. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities, and monitor the financial position. 

## **Objectives and Activities** 

The objective of the charity is to meet spiritual and physical need of its congregation and a wider community. The charity’s main purpose is transforming the community through holistic ministry. We worship God, having a fellowship with each other and committed to serve the community. Our focus is on lonely and disadvantaged group in the community. We give advice and building trust with our church members and the community at large. We also provide our services for migrants and homeless people. 

## **Achievements and Performance** 

The organisation continues to hold Christian worship services in the community. Due to lack of suitable gathering hall this service was highly affected until we found a hall in December 2023. We will work hard to 

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bring the activity level to the pre Covid19 standard and will try to achieve even higher. We believe that our service has produced good results in reaching and helping members of the community. Our weekly meeting was through zoom meetings due to lack of suitable hall. 

## **FINANCIAL REVIEW** 

The income of the charity is less than £ 10000.00. The charity income and costs have been managed well over the financial year. The charity’s main costs are travel, charitable activities, and subsidies for pastoral activities. The charity income is highly affected due to lack of gathering place. We are trying to find a meeting hole as soon as possible. 

## **RISK MANAGEMENT** 

The charity has assessed all the major risks to which the charities is exposed to, those related to operations and finances and are satisfied that systems are in place to mitigate exposure to major risks. We have identified that the charity income form donation has been highly affected by lack of gathering place. Our income form donation, which was our main source of income, has been affected highly due to lack of permanent worship place. We are trying to find suitable place for our services. 

## **TRUSTEE RESPONSIBILITES** 

Under the charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to: 

1. Select suitable accounting policies and apply them consistently. 

2. Make judgements and estimates that are reasonable and prudent. 

3. State whether the applicable accounting standards have been followed. 

4. Prepare financial statements on an on-going basis. 

They are responsible for keeping records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011. They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or the irregularities. 

Approved by the Trustees on – 04 February 2025 and signed on the behalf by: 

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Gemehisa Hailu Hordofa (Pastor) 

## **ANOINT GOSPEL INTERNATIONAL CHURCH Receipts & Payments Account For the year Ended 01 March 2024** 

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|**Receipts**<br>Donatons<br>Gifs (CPI)<br>Bank interest<br>**Payments**<br>Travel expenses<br>Charitable actvites -<br>Accountant fee<br>Gifs and donatons<br>Telephone and internet<br>**Total Payments**<br>**Excess of receipts over payments for the year**<br>**Cash Balance at the beginning of the year**<br>**Cash Balance carried forward at 01 March 2022**<br>**Total**<br>**Receipts**|**2024**<br>**£**<br>£     1,111.20<br>£               -|
|---|---|
||£     1,111.20|
||£          84.95<br>£        225.00<br>£        250.00<br>£        220.00<br>£        155.00|
||£        934.95|
||£        176.25<br>£          43.75|
||£        220.00|



**ANOINT GOSPEL INTERNATIONAL CHURCH STATEMENT FO ASSETS AND LIABILITIES AS AT 01 MARCH 2024** 

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|**Current Assets**<br>Bank current account<br>**Assets retaind for the charity's own use**|220|
|---|---|
||220|
|||



Approved by the board on 04 February 2025 and signed on its behalf by: 

Gemechisa Hailu Hordofa (Pastor) 

## **ANOINT GOSPEL INTERNATIONAL CHURCH** 

**NOTES TO THE FINANCIAL STATMENTS FOR THE YEAR ENDED 01[ST] MARCH 2024** 

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## **ACCOUNTING POLICIES** 

## **Basis of Accounting** 

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year. 

## **Funds** 

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services. 

The CIO has no outstanding guarantees to third parties, nor any debts secured on the assets of the CIO. 

## **Public Benefits** 

The charity acknowledges its requirements to demonstrate that it must have charitable purposes or aims that are for public benefit. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. 

## **Independent Examiner’s Report to the Trustees of Anoint gospel International Church** 

I report to the trustees on my examination of the accounts of Anoint gospel International Church (“the charity”) for the period ended 01 March 2024. 

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This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charity Commission Act 2011. My independent examiner’s work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my independent examiner’s work, for this report, or for the opinion I have formed. 

Responsibilities and Basis of Report 

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145 (5)(b) of the Act. 

Independent Examiner’s Statement 

I have completed my examination; I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or 

2. The accounts do not accord with those of records. 

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 to enable a proper understanding of the accounts to be reached. 

## Yohannes A Egletu, MAAT, ACCA 

Yohannes Accountancy Services 84 Kettleby House, Barrington Rd, London, SW9 7EQ 

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