Charity Number: 1041640 PE INTERNATI NA INI TRIE TRUSTEES. REPORT AND FINANCIAL STATEMENTS INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
Reports and Accounts Contont$ Pag• Adminislralive Details Independenl ExornineT'S rfjport Tru8198s Report Slalemgnl ol Flnancial Acllvilb8 Balancg Sheèl Notes to the AccA)untg
ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES Board of Trustees Pastor A O Iruobe Evelyn Odiaka Princlpal office address 18 Upland Road Kent DA7 4NR Accountants Nuama & Co Ltd 102 Mitcham Lane SW166NR Bank8rs Barclays Bank plc Dartford High Street Dartford
HOPE OF GLORY INTERNATIONAL MINISTRIES Report of Trustees in•< frir thp vp_ar Andèd 30th SeDtember 2022 The tru$ter- A1 MIII Iual ThfWVlL Ul g14u nl+lTlI1¥Ill4V I- Executive Summary Th6 2021-2022 rninislry year mar1(ed a season of extraordinary growth. transfomatitin. and impact for Hope of Glory Inlgrnational Minislries. With increased church attendance and risng financial support. we expanded our outreach, deepened our community engagement, and advanced our mission to empower individuals. slrengthfjn fafflilies, and serve communities. This r8POrt outlines the key programmes, inbtiatives. and achievements that defined our year. 1. GTOVrth in Attendance and Financial Support Throughout the year, we experienced 8 steady increase in church attendance. refl¢cting renewed spiritual hunger and community connection. This grovAh directly contributed lo a rise in charitable donations. enabling us to scale our operations and doliver on our mission with 9realgr reach and effectiveness. The financial uplift Ilowed us to axpand our outreach programmès, enhanco training initiatives, and Pfovide more comprehensive suppcrt to those in ngad. 2. Empowem8nl and Fallowship Prograrnrnes W8 delivered a robust calendar of empowemienl events targ8ling t)oth men and women. Our Ila9ship Women's Empowemient Convention was Complemented by regular breakfast meetings and Tea & Coffee rnorn1ngs. which addressed vital lrte topi¢s including health and woll-being, par8nlin9. ontfepren8urship. and career development. These g8th8rings fostered holistic grovrth. spiritual encouragement, and mèxnlngful dialogue. The Annual Mothers Arise Prayor Ministry continugd to be 3 cornerston8 Qf spiritual engagement, drawing women from diverse backgrounds into ¢ollectivtr intercession. The progfamme generated numerous testimonial5. affimiing its role in spirilval renewal and personal transfomation. 3. Family and Relationship Enfichm¢nt Rgcogni5ing the importance ol strong farnily loundations. we hosted multiple hharriage Enrichment Seminars and provide¢J couples counselling sessions. These initiatives offered biblical guidance and practical tools lor relational healing, Communication, and covenanl restoration. Feedback from participants highlighted improved m8rits1 dynamics, renewed commitmet, and strengthened family bonds. 4. Youth Development and Skills Training Youth engagement remained a slralegic priority. We conducted computer literacy workshops, music training sgssions. and multimedia development programfne5 for both young people and adults. Thèso initiatives equipped participants with essential digital and creative skills. 8nhanced employ8bilily. and fostered mentorship and leadership dèvelopment. The programmes also provided safe spac8s Iof expression. léaming. and spsrrtual growth. 5. Community Outreach and Seasonal Giving Otjr outreach efforts expanded signifi¢antly. wilh targeled seasonal c8mpaigns and ongoing monthly support. During Chrislmas, we executed a door-lo-door giveaway initiative. distributing chc¢olates, biscui15, and Christmas turkeys (o families in need. Al Easter. we Conducted high street distributions ol East&r Qggs, PTomoling joy. generosity, and eomrnunily connection. In addition to these seasonal campaigns. our monthly outreach programme provid8d free food and beverages to vulnerable individuals. These acts ol cornp8ssion were met with he8rtfelt gratitude and inspiring testimonials, In response lo emerging needs. we introduced several now initialivos to dtrapen our cornmunity Impact. I he 8ack-lo-School Support Drive distributed essential school supplies lo children from low-incorne households, elping them begin the academic year with confidence and dignity. We launched M8ntal Health Awareness Seminars, addressing 8motional resilience, 51fess management, and faith-based approaches lo mental h8allh. These sessions servgd both youth and adults. offoring practical tools and spiritual encouragement.
HOPE OF GLORY INTERNATIONAL MINISTRIES Our Community Clean-up and 8eaLJtilicalion Day mobilised volunteers to restore public spaces, promote environmental stewardship, and demonslrale active love lor the neighbourhood. These initiatives reflect our commitment lo holistic transfornialion-spirilually. socially, and environmentally. Conclusion and Outlook Hope ol GIDry International Ministries has made substantial strides in fulfilling ils mission to emF)ower lives, restore farnili@s, and transform communities. The achievements of 2021-2022 reflect a deenIng of impact, a broadening of rèach. and a slrenglhaning of spiritual and so¢ial infrastructure. As we look ahead lo the coming year. we remain ¢ornmitted to innovation, inclusivity, and 8x¢ellen¢e in servicg-conlinuing to shape lives and communities through faith, compassion, and action. The Trustees hav& 8dopled the provisions of the Statement of Recommended Practice ISORPI 'A¢counling and Reporting by Charities (Revised 20051 in preparing the annual report and financial slalemenls of th8 charity. ObS•¢tlve ol th• charlty as laid down by th• Trust Deed The Core objects of the charity continue to bg.. To establish church8s, ministries and cornmunily events To organise conventions. conferences and seminars To carry out missionary 8¢1ivilies and To promote festivals, ¢eltrbralions and exhibith'ons. REVIEW OF CTIVITIES AND FUTURE DEVELOPMENTS The slalement of financial activities is sel out on page 7 of the financial statements. A snapshot of the financial results is sel out below.. Incomfr Generatlon The main source of income is from lilhes. offerings and donations from members. During the year under review the Income increased by 56.14°/0 10 £118,20912021 = £66,3671. These figures include arnounts received or due under the Gift Aid system. The incr6as8 is due to relocation of the church and also increases in members due to distance to the new church location. Investment Policy Al present the Twslees hav8 decidgd lo leave all surplus funds in the account with their princip81 bankers. Fundraising Actlvltle Th& charity relies solely on contributions from 115 members. The Charity does not employ any professional fundraising bodies. Réstrl¢ted Funds There are no restricted funds oporaled by the charity. All funds are available for use at the éiscrelion of the Trustees.
HOPE OF GLORY INTERNATIONAL NIsTRIEs ReTwe$ Pollcy The Tnjstees have decided lo as muth money as possible on furthering the core otg'eds of the tharrty thilst maintainirvj Slthuenl ftJrKls to eNsure th8 Sustainabilty of the chatity. To athve this, the Trustees hav& id8d to maintain an amount in the bank xcwnt to cov at least a minimum ofthree months of nornial expendrture in èddits'on to any known additional eXdttUre. Revlèw of eharlty activit The charity has continued to undertake aLthThes in line rylh rts ot4ectives has seen grov in gNing 10 rts %w)rk. Governan and Intsrnal Control Apwinthlents dTnthe5 ¥e done by the exisling Trustees th consultation cl the wew of the urch memtws as to Irustsw)rthirs of 8p¢h p8rson. Rbk Assossment The Trustees consider the key OFerational, finala1 and strategic risks that may have a bearir¥J the activf(ies of the charity. Suitade rnageMent informatiw Is a¥ailatAe to the Trustees on regular basss lo mMitr these nsts and 8lbw any mrtWFng xb.on to t taken to &Jdress t. Trust88s' Rgsponslbllltles Chanty requires the Trustees to prepare financsal statements for each finanoal year %thich give true and f8irwe•V ofthe slate of afft4r5 charty aThJ of its financial •vItieS fu the year In pvèparlng thos• flnanclal Statemls. th• Trust arn r•qulrn tr4: 1 select suitable accounttng pdtcies and apF4y them C581entty," 2 makejudgments and estimates that are reasonats and prudent., 3 state whether a?icable accounts'ng staThJards and statements of recommended practice have bw fdloed. sut4'e(a lo any deprtures disclosed ar ewk7ined in the financial statements.. 4 prepare the finarKia slalorrnts on the ceA baws unless rt is ttyprcpri8te lo assume that the Charity wll tinUe in ryeratK)n. The Trustees are respor6ible for keep accourrting finar1 records which disdose wlh reaScfjae XcUrY at any time the finartial pc6rtion of the ¢arrty and lo enatAe thwn to ensu that the financ1 statements com with the Charities Acts 1993. They are also reswsible safeguarding the assets ofthe ¢harty hence for taking reasonatAe steps for th8 prevention and detection ol traud or other Irwulanties. The report was apwoved by the Board on the 12 May 2023 aThJ signed on its behave by Pastor A O Iruobe Twstee Chaimian
HOPE OF GLORY INTERNATIONAL MINISTRIES Independ•nt Examiner's Report to the Trustees of th¢ Charity for the year endod 30 Soptember 2022 Independent Examlnerfs Stat•m•nt. report and opinlon Subjgct lo the limitations Upon the scope of my work as d8lail8d above in connection with my examination, I can confirm thal 11 In accordanc& with Regulation 31 of The Charities IAc¢ounls and Reports) regulations 2008 IThe R&gul8lionsl the accounts ol this incorporated charity ar8 not required to b8 audited under Part 16 01 the Companies Act 2006,. this is a report in respect of an examination Carritrd out undgr section 145 of the Act and in a¢cord8n¢e with any direclions given by the Commission under subseclionlsllbl of that section which are applicable". and that. no matter has corne lo my allenllon n connection with my examination which gives me reasonable c8U58 lo believe that in any matsiial r8spfjcI the requirements.. il lo kegp accounting records in accordanco Wth $gclion 386 of the Companies Act 2006., ill lo preparg flnancial 51a18m8nts which accorcs with the gccounling rècords and comply with the accountin9 requirements ol secllon 396 of the Companbs Act 2006 and,. illl that the financial slalements be prepared in accordance with the m8lh(xls and principles 881 out in the Stalomenl ol R8commonded pracliee - Ac¢ounling and Reporting by Charilles have not been mel.. Dr 21 to which, in my opinion, attention should be drawn in my report in order lo enablè a proper understanding of Ihg accoun15 to be reached, Yaw Nuama Nuama & Co Ltd Chartor¥tJ Certified A¢¢ounlanls 102 Milcharn Lane London SW166NR
HOPE OF RY INTERNATIONAL MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 30 SEPTEMBER 2022 UNRESTRICTED FUNDS UNRESTRICTED FUNDS 2022 2021 NOTE INCOMING RESOURCES Tithes. glft aid and 51mllar incom8 resources 118,209 66,367 TOTAL INCOMING RESOUCES RESOURCES EXPENDED Charitable activiligs Governance Costs 110,374 0,413 60,797 10,023 TOTAL RESOURCES EXPENDED 118,787 70.820 MOVEMENT IN TOTAL FUNDS FOR THE YEAR. NET INCOMEIEXPENDITUREI FOR THEYEAR 1,422 14,4531 TOTAL FUNDS AS AT 30 September 2021 8,995 13.448 TOTAL FUNDS AS AT 1 Octob•r 2022
HOPE OF GLORY IKfERNATIONAL PAINISTRIES BALANCE SHEET AS AT 30 September 2022 2022 2021 FIXED ASSErs TANGIBLE FIXED ASSETS 5,755 5.755 16,868 16,e88 CURRENT ASSErs Deposrts and Cash al 5,412 5.412 1.610 1,610 LIABILITIES Creditors. AmntS fallNig within one year 17501 13.3031 Net current assets 11.6931 TOTAL ASSETS LESS CURRENT UABIUTIES 10,417 8.995 CHARITY FUNDS Unreslncled lund8 10,417 8,995 TOTAL FUNDSIIDEFICITSI We 8ppme these aceounls which comprise the Recelpl8 & Payments. Statwnents ofAssels & Liabilrties aTrJ rolated notes. We acknowledge our reSpOnbIlItY lor the aOUnt$, including th8 appropri8leness of the ae¢ounting basi$ as sel out in rn18 1, ond for provlding all t 1nlomalis and exF48natlon$ ngces98ry lor their com Tru•t•• 115 Tru¥te• On behall of the Chartty
HOPE OF GLORY INTERNATIONAL MINISTRIES Profit And Loss Account For the year ended 30 September 2022 2022 2021 Income Gift aid JRS Grants Tith8 & offarings Total Income Expenses Charltable actlvlti08 Building Project Children's ministry Electricity Equipment expensed Hiring of H811 Honorarium Insurance Legal and professional Missions Motor expenses Muslc Rent Repairs and malnlenance SoftwaT6 Stationery and printing Telephone and fax Travel and subsislenoe Wag8s and salaries Web & inl&rnel Welfare Women's mlnlslry 39,254 917 52,377 13,990 52,377 118,209 66,367 35,613 1,848 1,115 699 3,732 13,537 1.178 673 70 3.632 1,483 85 1.175 63 1,149 500 24,556 2,125 197 829 798 239 605 30,961 4,027 1.114 464 10,010 393 3,431 1.382 18,458 927 3,518 Gov8rnanc8 costs Aecounlanls fées Bank charges 8ookke8ping Cleaning Depreciation Publicity and advert Sundry expenses 750 7X) 596 228 4.933 18 5.512 253 2894 495 Total expenditure 116,787 70,820 Surpluslldeficlll 1,422 4,453 Fund balance b Fund balance clfwd 8.995 13,448
HOPE OF GLORY INTERNATIONAL MINISTRIES Notes to Ihe financlal statements for the year ended 30 September 2022 1 TANGIBLE FIXED ASSETS Furniture, fitting Motor vehicle Total and equipment 2 COST Al 1 October 2021 Additions 63,534 16,435 79,969 As 30 September 2022 DEPRECIATION At 1 October 2021 Charge for the year 61,888 1,646 7,393 3,287 69,281 4.933 As 30 September 2022 534 NET BOOK VALUE As 30 September 2022 As 30 September 2021 1,646 9,042 10,688 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED RESOURCES EXPENDITURE FORWARD Unrestricted funds General funds 8,995 8,995 118209 118209 116787 116787
HOPE OF GLORY INTERNATIONAL MINISTRIES Notes to th• Accounts for the yèar ended 30 Sopt•mber 2022 1 ACCOUNTING POLICIES 8as18 ol J¢¢ountlrbg Thé financkql stat8m8Tlts are prèpargd in accordance with appllcabl8 accounting standards using the Historical Cost Convention. The financial statements reflecl tho qUiremen18 of the r8vlsed Slatem8nt of R6commend8d Practice 'Accouniing for Ch8ritie8' ISORPI. The Charity C4)mpli8d wrth be$l pradic& 8t the bme of preparing these accounts. Tanolbl• Flxod Ass•ts I rixed 85sel$ ar? ¢apitsli5eLI Th8 charge for iSepreci8tion io kulted to 11• off th8 cost of tho fixed 88sets over iheir useful IVe8 on the following b3se$'. Equipmgn¢ 25% on the reducing bal8nce Moior Vehicles 25% on the r8ducing balanc GENERAL These Accounts hav8 been prep8red on the receipt5 and payment$ basis and in 8ceordane8 Wth applicable Accouftiing Standards and the ChBrilable SORP. ISt•t•ment of Recommgnd•d Practice on Accounting by Chantiesl. In¢omtr 5ncome is accounted lof on accruals basis. excepl for donations. wttieh are credited whèn rerAv•d Thes¢ reprèsenls gifts, donalDn5. tithes. offerin9s. pledges. Gill Aid and bank interest given lo the 2 Ch•rltable Don•tlon• & Glfts to MIlOn5 These r8pras8nl amounts given to various indiviOu818. orgoni$atiDns and other ch8rit8blo trust$. Honofarium to vlsilirvJ speaker¥ Ond remittancei for ml8$K)nary work Expondlture All expenditure is accounted lor on an accru818 bas16. Resovrce5 expended on charilable aclivillej compdse all Ihtr resour¢e5 applied by the Charity in undertaking its work lo moèt its charitable objective5. Thesg Costs Include tho difect costs of the charitable activities wilh those support cos¢$ inCUd that anab9 thes& 8ctlvilie$ to b8 undortaken. Elnditure on govèm8nce c05tS ore the costs Incurred by Ihe charily to op¢ralO and to generate the infofmatioTr raquired for public Bccouniabillty. Fund$ The charity'$ funds are unrgSiriCt8d and are avallable for usa al the discretion ol th• Board ol TnJ$teg$. 8oafd of Try•t•88 Remun•ratlon •nd eypon8•S No rernuneraiion directly or indiwctly out of the funds was paid or payabl6 for to any of lh8 Trustee5 for Ihoir dut18$ as trns18es. 10