## **Success Gate C & S Church International** **Charity No. 1208523 Trustees' Report and Unaudited Accounts 31 December 2024** **Accountants DNS Accountants Chartered Accountants 382 Kenton Road Harrow, Middlesex HA3 8DP** 1 ## **Success Gate C & S Church International Contents** ||Pages| |---|---| |Trustees' Annual Report|3| |Statement of Financial Activities|4| |Summary Income and Expenditure Account|5| |Balance Sheet|6| |Statement of Cash flows|7| |Notes to the Accounts|8 to 11| |Detailed Statement of Financial Activities|12| 2 **Success Gate C & S Church International Trustees Annual Report** Success Gate C & S Church International The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Charity No. 1208523** ## **Registered Office** 10A Selina Lane Opposite Bookers Dagenham, Essex RM8 1QH ## **Directors and Trustees** The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year: Mrs Adetutu Bernice Osinusi- Chairperson Adedayo Adedoyin Sokoya Tina Seun Opeodu ## **Accountants** DNS Accountants Chartered Accountants 382 Kenton Road Harrow, Middlesex United Kingdom HA3 8DP The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on behalf of the board Mrs Adetutu Bernice Osinusi Success Gate C & S Church International Trustees Annual Report Monday, October 27, 2025 3 ## **Success Gate C & S Church International Statement of Financial Activities for the period ended 31 December 2024** |**Income and endowments**
from:
**Notes**
Donations and legacies
2 2
Other
**Total**
Expenditure on:
Other
4
**Total**
Net gains on investments
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
Net movement in funds
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
8,327
4,950| |---|---| ||13,277
10,670| ||10,670| ||2,607| ||2,607| ||2,607
-| ||**2,607**| 41 ## **Success Gate C & S Church International Statement of Financial Activities for the period ended 31 December 2024** |Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
£
13,277| |---|---| ||**13,277**| ||10,670| ||**10,670**| ||2,607| ||**2,607**| 5[1 ] **at 31 December 2024** ## **Success Gate C & S Church International** **`BalanceSheet`** ## **Charity No. 1208523** |**Notes**
**Current assets**
Cash at bank and in hand
**Creditors:**Amount falling due within one year
5
**Net current assets**
**Total assets less current liabilities**
7
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Unrestricted funds**
General funds
7
Reserves
**Total funds**|**2024**
£
3,327| |---|---| ||3,327
(720)| ||2,607
2,607| ||2,607| ||2,607| ||2,607| ||2,607| ||2,607| These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. ## Approved by the board on 27 October 2025 **----- Start of picture text -----**
And signed on its behalf by:
Mrs Adetutu Bernice Osinusi
27 October 2025
**----- End of picture text -----**
6 2 **Success Gate C & S Church International Statement of Cash flows for the period ended 31 December 2024** |Cash flows from operating activities
Net income per Statement of Financial Activities
Net cash provided by operating activities
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
£
3,327| |---|---| ||**3,327**| ||| ||| ||| ||3,327
-| ||**3,327**| ||3,327| ||**3,327**| 7 1 **Success Gate C & S Church International Notes to the Accounts** ## **for the period ended 31 December 2024** ## **1 Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. **Fund accounting** These are available for use at the discretion of the trustees in furtherance of the general Unrestricted funds objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. **Income** Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related expenditure Where income has related expenditure the income and related expenditure is reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on donations and Income from tax reclaims is included in the SoFA at the same time as the gift/donation gifts Donated services and to which it relates. facilities These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help Investment The value of any vounteer help received is not included in the accounts. income Gains/(losses) on This is included in the accounts when receivable. revaluation of fixed assets This includes any gain or loss resulting from revaluing investments to market value at Gains/(losses) on the end of the year. Volunteer help Investment income Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets This includes any gain or loss on the sale of investments. Expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on raising funds These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs. Expenditure on charitable These comprise the costs incurred by the Charity in the delivery of its activities and activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs Other expenditure These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. 8 1 ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other 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 reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 9 2 **Success Gate C & S Church International Notes to the Accounts** ## **2 Income from donations and legacies** |Donations|**Unrestricted**
**£**
8,327
8,327|**Total**
**2024**
**£**
8,327| |---|---|---| |||8,327| |**3**
**Levy for Church Rent**
Levy for Church Rent
**4**
**Other expenditure**
Other Direct Costs
Premises costs
General administrative costs|**Unrestricted**
**£**
2,200
7,000
1,470
**10,670**||**Total**
**2024**
**£**
4,950
**4,950**
**Total**
**2024**
**£**
2,200
7,000
1,470| |---|---|---|---| ||||**10,670**| ## **Staff costs** No employee received emoluments. ## **5 Creditors:** Amounts falling due within one year |Amounts falling due within one year|| |---|---| |Trade Creditors
Accruals|**202**

36
36| ||**720**| 10[1] ## **Success Gate C & S Church International Notes to the Accounts** ## **6 Movement in funds** |**Restricted funds:**
**Total funds**
**7 Analysis of net assets between**
Net current assets
**8 Reconciliation of net**
Cash and cash equivalents
Net debt|**At 04 June 2024**
**£**
-
**-**
**At46 June**
**2024**
**£**
-|**Incoming**
**resources**
**Incoming**
**resources**
**(Including**
**other**
**£**
13,277
**13,277**
**Unrestricted**
**funds**
**£**
2,607
**2,607**
**Cash flows**
**£**
3,327
3,327
**3,327**|**Resources**
**expended**
**£**
(10670)
**(10670)**
**Total**
**£**
2,607
**2,607**
**At 31**
**December**
**2024**
**£**
3,327
3,327
**3,327**|**At 31**
**December**
**2024**
**£**
2,607| |---|---|---|---|---| |||||**2,607**| |||||| ||-|||| |||||| ||**-**|||| ## **9 Related party disp** _**Controlling party**_ The company is limited by guarantee and has no share capital; thus no single party controls the company. 11 1 ## **Success Gate C & S Church International Detailed Statement of Financial Activities** ## **for the year ended 31 December 2024** ## **Unrestricted** |**Income and endowments from:**
Donations and legacies
Charitable activities
**Total income and endowments**
**Expenditure on:**
Other expenditure
Rent
Premises repairs and
maintenance
Legal and professional costs
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
Net Income
**Net Income before other**
**gains/(losses)**
Other gains
**Net Movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**|**funds**
**2024**
**£**
8,327| |---|---| ||**8,327**| ||4,950| ||**4,950**| ||| ||13,277| ||2,200| ||**2,200**| ||7,000
750.00| ||**7,750**| ||720| ||**720**| ||| ||**10,670**| ||10,670
2,607| ||**2607**| ||-| ||2,607| ||| ||-| ||**2,607**| 1 12