Charity Co Hse copy


	Mission ofFaith Christ Gospel Ministries
	(limited by guarantee)
	Trustees' report
	for the year ended 31 August 2025


	The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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 2019).

	Objectives and activities

	Objectives and aims

	Significant activities
	1. Church and Spiritual Focus 2. Pastoral Functions. 3. Christian Education 4. Samaritan and Welfare Efforts

	Public benefit
	The above are for benefit of members of the public

	Achievements and performance

	Charitable activities
	The advancement of the Christian religion for the public benefit 2. The advancement of Christian education for the public benefit 3. The relief of poverty by such means as the Trustees may from time to time think fit including by means of providing food and clothing to those in need worldwide and giving advisory services towards achieving this objective 4. The furtherance of such other purposes that are exclusively charitable under the laws of England and Wales as the Trustees decide, in particular but not exclusively for the benefit of the community in London.

	Fundraising activities
	None during the year

	Financial review

	Financial position
	The activities of the Charity resulted in a loss of £3,057 for the year (2024, a surplus of £5,006 The Trustees are committed to ensuring that Mission of faith continues to meet all its financial liabilities in full in the year ahead (2025/26) and remain strongly as a going concern

	Reserves policy
	It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level, which equates to approximately one months unrestricted expenditure. This provides sufficient funds to cover running and administration, and operational support costs. The Trustees consider that the reserve level at the end of the year of £31,486 adequate for the charity.

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	Mission ofFaith Christ Gospel Ministries
	(limited by guarantee)
	Trustees' report - continued
	for the year ended 31 August 2025

	Financial review - continued

	Going concern
	No Going concern issues facing the charity at present

	Principal risks and uncertainties
	There are no risk factors to report as the charity has little or no liability because of its current set up. Place of worship is rented and apart from salaries, no other financial commitment is envisaged at this time.

	Structure, governance and management

	Reference and administrative details

	Company registration number
	05536132

	Charity registration number
	1116403

	Trustees
	The trustees shown below have held office during the period from 1 September 2024 to the date of this report.

	Pastor Mrs S Akomolafe
	Ms D Makinyamba	(resigned 8 October 2024)
	Mr C Oyenekan	(resigned 8 October 2024)
	Mr T Akomolafe

	Registered office
	Destiny House (Buxton Club)
	112F High Street
	Walthamstow
	London
	E17 7JY

	Independent examiners
	Argon & Krypton Consulting
	Unit 6
	Town Quay Wharf
	Abbey Road
	Barking
	Essex
	IG11 7BZ
	United Kingdom

	3


	Independent examiner's report to the trustees of Mission ofFaith Christ Gospel Ministries


	I report on the accounts of Mission ofFaith Christ Gospel Ministries (the “charitable company”) for the year ended 31 August 2025.

	Responsibilities and basis of report
	As trustees of the charitable company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
	Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts carried out under section 145 of the Charities Act2011 (“the 2011 Act”) and in carrying out my examination, I have followed all applicable Directions given by the Charity Commission under 145(5)(b) of the 2011 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 charitable company as required by section 386 of the 2006 Act; or
	2. the accounts do not accord with those records; or
	3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
	4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]
	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 in order to enable a proper understanding of the accounts to be reached.

	Olusola Makinwa
	Argon & Krypton Consulting
	Unit 6
	Town Quay Wharf
	Abbey Road
	Barking
	Essex
	IG11 7BZ
	United Kingdom

	Date:	29 May 2026

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Mission ofFaith Christ Gospel Ministries
(limited by guarantee)
Balance sheet
as at 31 August 2025

		2025		2024
	Note	£	£	£	£
Current assets
Cash at bank and in hand	11	41,938		39,072
			41,938		39,072
Creditors: amounts falling due within one year	12		(10,452)		(4,528)
Net current assets			31,486		34,544
NET ASSETS			31,486		34,544

The funds of the charity:
Unrestricted funds			31,486		34,544
TOTAL FUNDS	13		31,486		34,544


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the Board of trustees and authorised for issue on 29 May 2026 and signed on its behalf by:

Pastor Mrs S Akomolafe, Trustee
29 May 2026

7


	Mission ofFaith Christ Gospel Ministries
	(limited by guarantee)
	Notes to the financial statements
	for the year ended 31 August 2025


	1	Statutory information

		Mission ofFaith Christ Gospel Ministries is a charitable company registered in England and Wales. Its company registration number is 05536132 and its charity registration number is 1116403. The charitable company is limited by guarantee. Its registered office is Destiny House (Buxton Club), 112F High Street, Walthamstow, London, E17 7JY.

	2	Accounting policies

		Basis of preparing the financial statements
		These financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', the Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.

		Going concern
		In preparing these financial statements, the trustees have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the charitable company's ability to continue as a going concern. In making this assessment, the trustees take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

		The trustees consider that the charitable company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

		Income
		All income is recognised in the Statement of financial activities once the charitable company has entitlement to the funds, it is probable that the income will be received and and the amount can be measured reliably.

		Expenditure
		Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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Mission ofFaith Christ Gospel Ministries
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025
2	Accounting policies - continued

	Fund accounting
	Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

	Restricted funds can only be used for particular restricted purposes within the objects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

	Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

3	Income from donations and legacies

		2025	2024
		Unrestricted funds	Total funds
		£	£
	Tithes	3,611	18,839
	Gift and Other Income	-	1,500
		3,611	20,339

	An analysis of grants received included as income from donations and legacies is as follows:

		2025	2024
		£	£

	Total Income received from Donation and Legacies was £3,611

4	Expenditure on charitable activities

	Analysis by type of fund
		2025	2024
		Unrestricted funds	Total funds
		£	£
	Charitable Activities	6,669	14,408

	Total Charitable expenses was £3,057

9


Mission ofFaith Christ Gospel Ministries
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025

4	Expenditure on charitable activities - continued

	Analysis by type of expenditure
				2025	2024
		Direct costs (see note 5)	Support costs (see note 6)	Total	Total
		£	£	£	£
	Charitable Activities	6,000	669	6,669	14,408
		6,000	669	-	14,408


5	Direct costs

				2025	2024
				Unrestricted funds	Total funds
				£	£
	Staff costs			6,000	12,000
	Other costs			-	2,226
	Impairment losses			-	182
				6,000	14,408


6	Support costs

	Support costs, grouped by function, are apportioned to activities as follows:
				2025	2024
				Governance costs	Total
				£	£
	Charitable Activities			669	-

	Support costs, grouped by function, are analysed as follows:
				2025	2024
				Governance costs	Total
				£	£
	Other costs			600	-
	Interest payable and similar charges			69	-
				669	-


10


Mission ofFaith Christ Gospel Ministries
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025

7	Independent examiner's remuneration

		2025	2024
		£	£
	Fees paid to the charitable company's independent examiner for:


8	Trustees' remuneration and expenses

	The trustees did not receive any remuneration or other benefits in either year.
	Trustees' expenses

	No trustee was reimbursed for expenses incurred in either year.

9	Employees

		2025	2024
		£	£
	Wages and salaries	6,000	12,000

	During the year the average number of employees was Nil (2024 - Nil).

	No employees received emoluments exceeding £60,000 in either year.

10	Comparatives for the Statement of financial activities

			Unrestricted funds
			£
	Income from:
	Donations and legacies		20,339

	Expenditure on:
	Charitable activities		(14,408)

	Net movement in funds		5,006

	Reconciliation of funds:
	Total funds brought forward		29,538

	Total funds carried forward		34,544


11


Mission ofFaith Christ Gospel Ministries
(limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025

11	Cash at bank and in hand

				2025	2024
				£	£
	Other bank accounts			32,653	29,787
	Cash in hand			9,285	9,285
				41,938	39,072


12	Creditors: amounts falling due within one year

				2025	2024
				£	£
	Trade creditors			1	-
	Accruals and deferred income			10,451	4,528
				10,452	4,528


13	Movement in funds

		At 1 September 2024	Income	Expenditure	At 31 August 2025
		£	£	£	£
	Unrestricted funds
	General fund	34,544	3,611	(6,669)	31,486

	Comparatives for movement in funds

		At 1 September 2023	Income	Expenditure	At 31 August 2024
		£	£	£	£
	Unrestricted funds
	General fund	29,538	20,339	(15,333)	34,544

		At 1 September 2023	Income	Expenditure	At 31 August 2024
		£	£	£	£
	Total funds	29,538	20,339	(15,333)	34,544


12


	Company registration number:	05536132
	Charity registration number:	1116403

	Annual report and unaudited financial statements
	for the year ended 31 August 2025
	for
	Mission ofFaith Christ Gospel Ministries
	(limited by guarantee)


	Mission ofFaith Christ Gospel Ministries
	(limited by guarantee)
	Contents page
	for the year ended 31 August 2025

		Page
	Trustees' report	2
	Independent examiner's report to the trustees of Mission ofFaith Christ Gospel Ministries	5
	Statement of financial activities	6
	Balance sheet	7
	Notes to the financial statements	8

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