THE GOSPEL FAITH MISSION (DIVINE SOLUTION CENTRE) LIVERPOOL
## Report and Accounts
Year ended 30 April 2024
**3 Worcester Avenue, Old Swan, LIVERPOOL L13 9AZ t: 01513647913 e: aamatthew@aol.com**
|**Contents**|**Page**|
|---|---|
|Company Information|**1**|
|Trustees' Annual Report|**2-5**|
|Statement of Financial Activities|**6**|
|Balance Sheet|**7**|
|Cash Flow Statement|**8**|
|Notes to the Accounts|**9-13**|
|**The following page does not form part of the Statutory Accounts**||
|Detailed Statement of Financial Activities with Comparatives|**14**|
**The Gospel Faith Mission (Divine Solution Centre) Liverpool Trustees' Annual Report for the Year Ended 30 April 2024**
## **Company Information**
**Charity Name:** THE GOSPEL FAITH MISSION (DIVINE SOLUTION CENTRE) LIVERPOOL **Secretary:** Deaconess Ebun Olanike Arogundade **Directors/Trustees:** Pastor Emmanuel Olatunji Arogundade Deaconess Ebun Olanike Arogundade Pastor Edward Adedayo Ajayi **Key Staff:** Deaconess Ebun Olanike Arogundade **Governing Document:** CIO - FOUNDATION Registered 02 Oct 2023 **Charity Commission No:** 1205018 **CIO Registration No** CE033767 **Registered Office and** 24 Sprucewood Close **Operational Address:** LIVERPOOL L6 5LP **Accountants:** AA Matthew & Co Newspring House 3, Worcester Avenue Old Swan Liverpool L13 9AZ **Bankers:**
**Page 1**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Trustees' Annual Report for the Year Ended 30 April 2024**
## **Objects of the charity**
Our Charity's purposes as set out in the objects contained in the company's memorandum of association are :
To advance the Christian faith for the benefit of the public in accordance with the statements of belief appearing in the schedule.
The aims of our charity are to promote christian values, education and training, preserve and protect good health by providing facilities in the interest of social welfare for recreation and other leisure time occupation with the object of improving the condition of life for the inhabitants within the county of London with an operational focus in the Borough of Bexley. Our aims fully reflect the purposes that the charity was set up to further.
## **Ensuring Our Work Delivers Our Aims**
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 aims, 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 aims 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**
Our main objectives for the year continued to be the advancement of the Christian religion and the relief of poverty and sickness. The strategies we used to meet these objectives included:
1. Provision of Weekly Church Services on Sunday to minister to the physical, spiritual and material needs of the congregants.
2. Provision of Special Events and Meetings to meet the specific needs of target groups in the Church such as Men, Women, Youth and Children.
3. Focusing on the Material needs of certain members undergoing difficult financial situations.
4. Working with other Christian agencies and Churches in London to advance the preaching of the Gospel.
5. Provision of Pastoral Care for Congregants and other members of the community
6. Missionary and Outreach Work
## **How Our Activities Deliver Public Benefit**
Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness.
## **Who used and benefited from our Services?**
Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the whole man in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity. We have also helped relieve poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment and lack of financial resources.
## **Financial Review**
The trustees approve an annual budget and give regular attention to financial results, variance from budgets and cash flow. Income was principally derived from the generous gifts and voluntary support of members of the church.
For the year, the charity's income (including recoveries of gift aid) was £0 (2023: £0) and its expenditure was £250 (2023: £0), which resulted in a deficit of £250 (2023: Deficit of £0).
The trustees have considered the church’s current financial position and projections for the coming 12 months. The trustees are satisfied that the church is and will remain solvent through that period.
**Page 2**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Trustees' Annual Report for the Year Ended 30 April 2024**
## **Principal Funding Sources**
The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services and direct bank tranfers.
## **Reserves Policy**
The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.
The expenditure for Year ended 30th April, 2024 is £250 and therefore the targeted reserves should be between £62 and £125 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. This general reserve policy has not been met this year as in previous years.
## **Plans for Future Periods**
The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.
Plans are also being developed to become more active within the Bexley community.
## **Structure, Governance and Management**
## **Governing Document**
The Organisation is a charitable company limited by guarantee, incorporated on 20 June 2008. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company wound up members are required to contribute an amount not exceeding £10.
## **Recruitment and Appointment of Trustees**
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
Due to the nature of Church work, trustees appointed have been selected on the basis of their faith, strength of character, skills set in the area of business management and growth and commitment to the vision of the charity.
## **Trustees Induction and Training**
Most trustees are already familiar with the practical work of the charity. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive or Senior Pastor of the Charity and cover:
The Obligations of Trustees
o The Main documents which set out the operational framework for the charity including the
Memorandum and Articles.
Resourcing and the current financial position as set out in the latest published accounts Future plans and objectives
A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.
**Page 3**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Trustees' Annual Report for the Year Ended 30 April 2024**
## **Risk Statement**
The trustees recognise the importance of assessing and managing risk associated with the charity's objectives. The process of identifying risk is on-going and is an essential part of the work of the trustees and management Team. The charity has a set of comprehensive policy and procedure documents in place to ensure on-going identification and management of foreseeable risks.
Financial risk is mitigated through the adoption of comprehensive budgeting and reporting processes. Policy documents relating to risk and compliance issues are reviewed and updated annually. Current policies include:
1. Safeguarding children and vulnerable adults
2. Health and safety
3. Equal opportunities
4. Purchasing
5. Fire safety and evacuation
6. Employment including complaints and disciplinary issues
7. Privacy and data protection
8. Complaints
9. Finance Processes
10. Conflict of Interest
The trustees and staff have been aware of their responsibilities with regard to the new GDPR regulations and action has been taken to ensure compliance.
## **Organisation**
The Gospel Faith Mission (Divine Solution Centre ) Liverpool is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The Board of Trustees are assisted by the Department leaders. There are two trustees on the Board of Leaders.
The Board of Trustees meet quarterly and are responsible for the strategic direction and policy of the Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Senior Pastor who is also the Chief Executive. He is ably assisted by an adminstration staff who implement day to day operations. The adminstrative team continue to develop their skills and working practices in line with good practice.
**Page 4**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Trustees' Annual Report for the Year Ended 30 April 2024**
## **Responsibilities of the Trustees**
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent
- Prepare the financial statements on the on going basis unless it is in appropriate
- to presume that the charity will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Charity Acts of 2006 and 2011. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Members of the Board of Trustees**
Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law and up to the date of this report are set out on page 1.
In accordance with company law, as the company's directors, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
This report has been prepared by the Order of Trustees:
## **Pastor Emmanuel Arogundade Director/Trustee**
## **20th March 2025**
**Page 5**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 30 April 2024**
|**Notes**
**Incoming resources**
Incoming resources from generated funds:
_Voluntary Income:_
Donations and Offerings
3
**Total incoming resources**
**Resources expended**
**_Cost of generating funds_**
Costs of generating voluntary income
4
**Charity activities**
5
**Governance Costs**
6
**Total resources expended**
**Net Incoming resources before other**
**recognised gains**
**Net movement in funds**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**|**2024**
**2024**
2023
Unrestricted
Restricted
**Total**
Total
Funds
Funds
**Funds**
Funds
**£**
**£**
**£**
£
0
-
0
0|
|---|---|
||0
-
**0**
0|
||-
-
-
-
-
-
-
-
250
-
250
-|
||250
-
**250**
-|
||(250)
-
(250)
-|
||(250)
-
(250)
-
-
-
-
-|
||**(250)**
**(250)**
**-**|
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.
All Income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Charities Act 2011.
The notes on Pages 10 to 14 form part of these accounts.
**Page 6**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Balance Sheet as at 30 April 2024**
|**Balance Sheet as at 30 April 2024**|||
|---|---|---|
|**Notes**
**Currents assets**
Cash at bank and in hand
10
**Currents liabilities**
Creditors: amounts falling due
within one year
9
**Net Assets**
**Unrestricted funds**
General Funds
12
**Total Funds**|**2024**
**£**
250
250
-
**250**
250
**250**|2023
**£**
-|
|||-
-|
||||
|||**-**|
|||0|
|||**0**|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024
Responsibilities of Directors/trustees:
- a. The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006. However, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner whose report forms part of this document.
- b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the companies Act with respect to accounting records and the preparation of accounts.
The Financial Statements were approved by the board on 20th March 2025 and were signed on it's behalf by:
## **Pastor Emmanuel Arogundade Director/Trustee**
The notes on pages 10 to 14 form part of these financial statements.
**Page 7**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Cash Flow Statement**
**for the Year Ended 30 April 2024**
|**Note**
**2024**
**£**
Cashflows from operating activities:
**Net cash provided by (use in) operating activities**
**A**
250
Cashflows from investing activities:
**Net cash provided by (use in) investing activities**
**B**
Cashflows from financing activities:
**Net cash provided by (use in) financing activities**
**Change in cash and equivalents in the reporting period**
250
**Cash and equivalents at the beginning of the year**
**C**
-
**Cash and equivalents at the end of the year**
**C**
250
**NOTES TO THE CASH FLOW STATEMENT**
**Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities:**
**2024**
**£**
**Net income/(expenditure) for the reporting period (as per the statement of financial activitie**
(250)
**Adjustments for:**
Depreciation Charges and provisions for impairment
-
(Increase)/Decrease in debtors
-
Increase/(Decrease) in creditors
-
**Net cash provided by (used in) operating activities**
(250)
**Note B: Reconciliation of net cash flow from Investing activities:**
**2024**
**£**
(Purchase)/Sale of assets
-
**Net cash provided by (used in) operating activities**
-
**Note C: Analysis of cash and cash equivalents**
**2024**
**£**
Cash at bank with immediate access
250
**Total Cash and Cash equivalents**
**250**|2023
£
0|
|---|---|
|||
|||
|||
||0
-|
||-|
||2023
£
-
-
-
-|
||-|
||2023
£
-|
||-|
||2023
£
-|
||-|
**Page 8**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Notes forming part of the financial statements for the year ended 30 April 2024**
## **1. Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The Company's registered number and registered office address can be found on the Company Information page.
## **2. Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## **a). Going concern**
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements.
In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **b). Income**
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
i). Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.
ii). Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
iii). Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items).
The charity relies on volunteers to carry out many of its activities, particularly the work with the Church. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods are distributed an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.
**Page 9**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Notes forming part of the financial statements for the year ended 30 April 2024**
## **c). Expenditure**
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with Constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## **d). Fund Accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## **e). Tangible Fixed assets**
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.
Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.
## **f). Stocks**
Stocks of donated items held for distribution to beneficiaries are measured at fair value.
## **g). Pension Scheme arrangements**
The charity does not operate any pension scheme for its employees.
## **h). Taxation**
As a charity, Occupy World Outreach Missions is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## **i). Critical accounting estimates and areas of judgement**
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period
**Page 10**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Notes forming part of the financial statements for the year ended 30 April 2024**
|**3. Donations**
Donations -Tithes and Offering
**4. Costs of Generating Voluntary**
**_Basis of Allocation_**
Bank Charges
Direct
Administration
Direct
Professional Fees
Direct
Support Costs
Direct
Premises
Direct
**5. Charitable Activities**
Ministry
Direct
**6. Governance Cost**
Professional Fees
Direct
**Total Resources**
**Expended**|**Unrestricted**
**Restricted**
**2024**
2023
**Total**
Total
**£**
**£**
**£**
£
-
-
-
-
**-**
-
**-**
-
**Income**
**_Church WorkSupport Cost_**
**_Governance_**
**2024**
2023
**£**
**£**
**£**
**£**
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**-**
**-**
**-**
**-**
-|
||-
-
-|
||**-**
-
-
**-**
-|
||250
250
-|
||-
-
**250**
**250**
-|
|||
||**-**
**-**
**250**
**250**
-|
|||
**Page 11**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Notes forming part of the financial statements for the year ended 30 April 2024**
## **7. Net Incoming Resources for the Year**
|This is stated after charging:
Accountant's Remuneration|**2024**
**£**
250
**250**|2023
£
-|
|---|---|---|
|||-|
## **8. Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses**
|**and expenses**|||
|---|---|---|
|Gross wages and salaries & benefits in kind
Social Security
Pension Costs|**2024**
**£**
-
-
-
**-**|2023
£
-
-
-|
|||-|
The Charity has no full time employed staff. Its activities are generally carried out by volunteers. No member of staff received salaries at a rate of more than £60,000 per annum.
No remuneration was paid to any trustee during the year nor to any person connected to them.
## **9. Creditors: Amounts falling due within one year**
|Accruals & Deferred Income|**2024**
**£**
250
**250**|2023
£
0|
|---|---|---|
|||0|
**Page 12**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Notes forming part of the financial statements for the year ended 30 April 2024**
|**10. Cash In Hand and at Bank**|||**2024**||2023|
|---|---|---|---|---|---|
||||**£**||£|
|Bank|||-||-|
||||**-**||-|
|**11. Analysis of Net Assets Between**|**Funds**|||||
|||**General**|**Designated**|**Restricted**|**Total**|
|||**Funds**|**Funds**|**Funds**|**Funds**|
|||**£**|**£**|**£**|**£**|
|Current Assets||-|-|-|-|
|Current Liabilities||-|-|-|-|
|**Net Assets at 30th April 2024**||**-**|**-**|**-**|**-**|
|**12. Movements in Funds**|**At 1 Ma **|**Incoming**|**Outgoing**|**Transfers**|**At 30 April**|
||**2023 **|**Resources**|**Resources**||**2024**|
|||**[Inc Gains]**||||
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted Funds:**||||||
|General Funds|**-**|-|250|-|250|
|Total Funds|**0**|**-**|**250**|**-**|**250**|
## **13. Transactions with related parties**
During the previous and current year under review, the charity had no related parties transaction(s)
**Page 13**
## **The Gospel Faith Mission (Divine Solution Centre) Liverpool Income and Expenditure Account for the Year Ended 30 April 2024**
|Income
**LESS OVERHEADS**
**Bank Charges**
Bank Charges
**Administration**
Subscription
Printing, Postage & Stationary
Telephone
**Ministry**
Pastor's Salary
Missions
Events & Conferences
Web design & Charges
Books
Love Gifts, Donations & Support
Media, Print & Design
**Professional Fees**
Professional Fees
Audit & Accountancy Fees
**Support Costs**
Travel & Motor Expenses
Sundries
**Total Expenses**
**Surplus/(Deficit) for the year**
**Surplus Brought Forward**
**Surplus Carried Forward**|**2024**
**£**
-
-
**-**
-
-
-
**-**
-
-
-
-
-
-
-
**-**
-
250
**250**
-
-
**-**
250
(250)
-
**(250)**|**2023**
**£**
-
-|
|---|---|---|
|||**-**
-
-
-|
|||**-**
-
-
-
-
-
-
-|
|||**-**
-
-|
|||**-**
-
-|
|||**-**
-|
|||-
-|
|||**-**|
This page does not form part of the statutory accounts.
**Page 14**