GOSPEL BELIEVERS ASSEMBLY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CHARITY NUMBER:1198410 (?OSPLL.BELEIVEfiS AaSEMEJLY 4 AIKIN VILLAS B4RBAULD ROAD LONDQN
TRU5fiES' REpoKr YEAR ENDED 3151 DECEMBER 2025 The tru>lèèi aft pleasèd Io Piesent their reporl Ibt the yeaf 31ql Dètember 2025 for thè tliarlty GOSPEL BELIEVERS ASSEMBLY with charity number 1198410. The Trustees of the charity are: Rev Daniel Kwaku Brock Bennet Adu Dapaah Phyllis Adarku Quaye The principal address of the charity Is: 4 Aikin Vi13s Barbauld Road London N16 ORT STRucfuRE, GOVERNANCE AND MANAGEMENT The Charity governing document is a CIO- Foundation Constitution registered 28 March 2022. The Charitv il Èovernèd by a board on which the trustees are represented. It mèets réÉuiarly to révié'w, plan activities and monitor the financial position. OBJEcfivES AND ACTIVITIES The Objects of the organization are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake. ACHIEVMENTS AND PERFORMANCE The Organization continues to hold successful worship services througli the year in which individu8ls were equipped and educated on the principles and doctrines of the Christian faith. The organization has returned to in person regular worship services during the year in which fndlvidualÈ camè ftom all around thè tommunltyto attend. Thls has produced good results In reaching and helping members ofthe community.
FINANCIAL REVIEW The Income of the charity is £22,524. Thi5 is a lair amourit for this ye3r of the charity the been well managed over this period. The or8anliation Is stlll In 3 good position to manage its co The main cost of the organ12ation was for hiring hall for warshlp seNiC have RESERVE POLICY It is the policy of the Charity to maintaln unrestrtcted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from tlme to tlme. The charity will seek to maintaln this level throughout the year. RISK MANAGEMENT The charity has assessed all the major risks which the charity is exposed to, in particular tho.se related to operations and finances of the charity and are satisfied that systems are in place to rnitate exposure to major risks. 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 chvrch. They are required to: l. Select suit3ble 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 ongoing basis. They are responsible for keeping proper 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 other irregularities. Approved by the Trustees n 1st July 2026 an igned on th half by: REV. DANIEL BROCK GOSPEL BELIEVERS ASSEMBLY 4 AIKIN VILLAS BARBAULD ROAD LONDON N16 ORT
GOSPEL BELIEVERS ASSEMBLY NOTES TO THE ACCOUNTS- 31ST DECEMBER 2025 3. RESOURCES EXPENDED 2025 2024 Total Management & Admln Tot21 234 300 200 207 6,008 3,358 226 2,136 3,746 1,010 230 165 300 538 18,659 110 165 199 172 6,375 731 231 149 1,831 2,114 171 234 300 200 207 6,008 3,358 226 2,136 3,746 1,010 230 165 300 538 18,659 Pnnting Rates Professional Fees Repairs Hall Hire Travel Software Refreshment Supplies Missions Books and Periodicals Welfare Charity Donations Depreciation 856 13,104 Other Expenditure Equipment Instruments Hire of Equipment 2,721 2,721 15,825 Total Payments 18,659 958 Net Movement in Funds 3,864 Balance Brought Forward 4,248 2,731 Transfers Balance Carrfed Forward 8,112 4,248
-"aPEL BELIEVERS ASSEMBLY 2 INCOWNG RESOURCES 2025 2C- iotsi i oral General Fun" -_he & OfferiTrJ 22,524 22.524 14,867 Ill Aid Rewts a524 22,52a 1" 22.524 21524 14867
GOSPEL BELIEVERS ASSEMBLY BALANCE SHEET AS AT 31ST DECEMEBER 2025 2025 2024 Note Non-monetary Assets and Llabllltes Musical InstnJments Equipments 155 1,998 2,153 194 2,497 2,691 Current Assets Cash at hand and in bank 6,160 1,773 6,160 1,773 Credltors: Amount falling due within 1 year 200 216 Net Current Assets 5,960 1,557 Net Assets 8,112 4,248 Funds General 8,112 4,248 8,112 4,248 Approved by the board Council on And signed on Its behalf by REV. DANIEL BROCK GOSPEL BELIEVERS ASSEMBLY 4 AIKIN VILLAS BARBAULD ROAD LONDON N16 ORT Rev Daniel Kwak Pastor i rock
GOSPEL BELIEVERS ASSEMBLY NOTES TO THE ACCOUNTS - 31ST DECEMBER 2025 4: FIXED ASSETS uslcal nstruments Total Cost Additions Disposal Balance as at 31st December 2025 2,497 194 2,691 2,497 194 2,691 DepreciationlRate As at 1st January, 2025 Charge for the year Balance as at 31 st December 2025 499 499 39 39 538 538 Net Book Value As at 1st January 2025 As at 31 st December 2025 2,497 1,998 194 155 2,691 2,153 5. Bank & Cash Balances 2025 2024 Bank 6.160 6,160 1,773 1,773
GOSPEL BELIEVERS ASSEMBLY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 ACCOUNTING POLICIES Baslc of Accountfing Th•sé arcounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a (Jsh basis. Non-monetary assets are shown at ests'mates of the value at the end of Ehe year. Funds The ao lias d gpner31 unrestricted fund that recelves voluntary donations from atlriiddnl5 at the serviLes. The Cl(J has no oulsl(JniJin8 8UiJfantees to third partr'es no debts secured on the asots of the CIO Publlc Benefft The charity acknowledge3 Its requlrement to demonstrate clearly that it must have charitable purpuses or aims Itiat arc for publlc beneflt. Details of Iiow this Is achieved are provided In the Tfusteps rvpoit. The truslees confirm that they have paid due re8ard to the Charity Commission 8uiddfiLe oil pijljlic benelit befo decldin8 wfriat activities Lhe charity should undertake Depreclatlon DepTeciJtinn Is Cdlculated at 20YD reduclng balance method