Charity Number: 1041640 TRUSTEES. REPORT AND FINANCIAL STATEMENTS INCOME AND EXPENDITURE STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
GL RC TE ATI TR Reports and Accounts Contents Page Administrative Details Independent Examineff s report Trustees Report Statement of Financial Activities Balance Sheet Notes to the Accounts
LO CH CHI TERN ION CH Tl ADMINISTRATIVE DETAILS OF THE CHARITY AND ITS TRUSTEES Board of Trustees PastorA O Iruobe Evelyn Odiaka Pastor Victor Iruobe Principal office address 18 Upland Road Kent DA7 4NR Accountants Nuama & Co Ltd 102 Mitcham Lane Streatham London SW166NR Bankers Barclays Bank plc Dartford High Street Dartford
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE Report of Trustees The trustees present their report and accounts for the year ended 30th September 2024 Hope of Glory International Ministries Annual Report of Activities and Achievements (2023-2024) Executive Summary The 2023-2024 ministry year marked a season of significant growth, transformation, and impact for Hope of Glory International Ministries. With increased church attendance and rising financial support, we expanded our outreach, deepened our community engagement, and advanced our mission to empower individuals, strengthen families, and serve communities. This report outlines the key programmes, initiatives, and achievements that defined our year. 1. Growth in Attendance and Financial Support Throughout the year, we experienced a steady increase in church attendance, reflecting renewed spiritual hunger and community connection. This growth directly contributed to a rise in charitable donations, enabling us to scale our operations and deliver on our mission with greater reach and effectiveness. The financial uplift allowed us to expand our outreach programmes, enhance training initiatives, and provide more comprehensive support to those in need. 2. Empowerment and Fellowship Programmes We delivered a robust calendar of empowerment events targeting both men and women. Our flagship Women's Empowerment Convention was complemented by regular breakfast meetings and Tea & Coffee mornings, which addressed vital life topics including health and well-being, parenting, entrepreneurship, and career development. These gatherings fostered holistic growth, spiritua5 encouragement, and meaningful dialogue. The Annual Mothers Arise Prayer Ministry continued to be a cornerstone of spiritual engagement, drawing women from diverse backgrounds into collective intercession. The programme generated numerous testimonials, affirming its role in spiritual renewal and personal transformation. 3. Family and Relationship Enrichment Recognising the importance of strong family foundations, we hosted multiple Marriage Enrichment Seminars and provided couples counselling sessions. These initiatives offered biblical guidance and practical tools for relational healing, communication, and covenant restoration. Feedback from participants highlighted improved marital dynamics, renewed commitment, and strengthened family bonds. 4. Youth Development and Skills Training Youth engagement remained a strategic priority. We conducted computer literacy workshops, music training sessions, and multimedia development programmes for both young people and adults. These initiatives equipped participants with essential digital and creative skills, enhanced employability, and fostered mentorship and leadership development. The programmes also provided safe spaces for expression, learning, and spiritual growth. 5. Community Outreach and Seasonal Giving Our outreach efforts expanded significantly, with targeted seasonal campaigns and on-going monthly support. During Christmas, we executed a door-to-door giveaway initiative, distributing chocolates, biscuits, and Christmas turkeys to families in need. At Easter, we conducted high street distributions of Easter eggs, promoting joy, generosity, and community connection. In addition to these seasonal campaigns, our monthly outreach programme provided free food and beverages to vulnerable individuals. These acts of compassion were met with heartfelt gratitude and inspiring testimonials, reinforcing the ministry's role as a beacon of hope and practical support. 6. Expanded Community Initiatives and New Programmes In response to emerging needs, we introduced several new initiatives to deepen our community impact_ The Back- to-school Support Drive distributed essential school supplies to children from low-income households, helping them begin the academic year with confidence and dignity. We launched Mental Health Awareness Seminars, addressing emotional resilience, stress management, and faith- based approaches to mental health. These sessions served both youth and adults, offering practical tools and spiritual encouragement. Our Community Clean-up and Beautification Day mobilised volunteers to restore public spaces, promote environmental stewardship, and demonstrate active love for the neighbourhood. These initiatives reflect our
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE commitment to holistic transformation spiritually, socially, and environmentally. Conclusion and Outlook Hope of Glory International Ministries has made substantial strides in fulfilling its mission to empower lives, restore families, and transform communities. The achievements of 2023-2024 reflect a deepening of impact, a broadening of reach, and a strengthening of spiritual and social infrastructure. As we look ahead to the coming year, we remain committed to innovation, inclusivity, and excellence in service-continuing to shape lives and communities through faith, compassion, and action. Objective of the charity as laid down by the Trust Deed The Core objects of the charity continue to be.. To establish churches, ministries and community events To organise conventions, conferences and seminars To carry out missionary activities and To promote festivals, celebrations and exhibitions. REVIEW OF CTIVITIES AND FUTURE DEVELOPMENTS The statement of financial activities is set out on page 7 of the financial statements. A snapshot of the financial results is set out below.. Income Generation The main source of income is from tithes, offerings and donations from members. During the year under review the income decreased by 20.23% to £93,645 (2023 = £117,388}. These figures include amounts received or due under the Gift Aid system. The decrease is due to relocation of the church and also decreases in members due to distance to the new church location. Investment Policy At present the Trustees have decided to leave all surplus funds in the account with their principal bankers. Fundraising Activities The charity relies solely on contributions from its members. The charity does not employ any professional fundraising bodies. Restricted Funds There are no restricted funds operated by the charity. All funds are available for use at the discretion of the Trustees.
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE Reserves Policy The Trustees have decided to spend as much money as possible on furthering the core objects of the charity whilst maintaining sufficient cash funds to ensure the sustainability of the charity. To achieve this, the Trustees have decided to maintain an amount in the bank account to cover at least a minimum of three months of normal expenditure in addition to any known additional expenditure. Review of charity activities The charity has continued to undertake activities in line with its objectives and has seen growth in giving to its work. Governance and Internal Control Appointments ofTrustees are done by the existing Trustees with consultation of the view of the church members as to trusOrthlness of each person. Risk Assessment The Trustees consider the key operational, financial and strategic risks that may have a bearing on the activities of the charity. Suitable management information is available to the Trustees on a regular basis to monitor these risks and allow any mitigating action to be taken to address them. Trustees. Responsibilities Charity law requires the Trustees to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charity and of its financial activities for the year. In preparing those financial statements, the Trustees are require to: 1 select suitable accounting policies and apply them consistently., 2 make judgments and estimates that are reasonable and prudent. 3 state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.. 4 prepare the financial statements on the going-concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping accounting and financial records which 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 Charities Acts 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities. The report was approved by the Board on the 12 May 2024 and signed on it's behave by Pastor A O Iruobe 1rn06e Trustee Chairman
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE Independent Examiner's Report to the Trustees of the Charity for the year ended 30 September 2024 Independent Examiner's Statement, report and opinion Subject to the limitations upon the scope of my work as detailed above in connection with my examination, I can confirm that 1) In accordance with Regulation 31 of The Charities (Accounts and Reports) regulations 2008 {The Regulations) the accounts of this incorporated charity are not required to be audited under Part 16 of the Companies Act 2006,. this is a report in respect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsectionl5){b} of that section which are applicable., and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements.. i) to keep accounting records in accordance with section 386 of the Companies Act 2006., ii) to prepare financial ststements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and., iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended practice - Accounting and Reporting by Charities have not been met., or 21 to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached. Yaw Nuama Nuama & Co Ltd Chartered Certified Accountants 102 Mitcham Lane London SW16 6NR
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNTS) FOR THE YEAR ENDED 30 SEPTEMBER 2024 UNRESTRICTED FUNDS UNRESTRICTED FUNDS 2024 2023 INCOMING RESOURCES Tithes, gift aid and similar income resources 110,589 192,411 TOTAL INCOMING RESOUCES 110589 117,388 RESOURCES EXPENDED Charitable activities Governance costs 100,877 4,931 175,563 6,668 TOTAL RESOURCES EXPENDED 110,328 115,443 MOVEMENT IN TOTAL FUNDS FOR THE YEAR- NET INCOME(EXPENDITURE) FOR THE YEAR 261 10,180 TOTAL FUNDS AS AT 30 September 2023 20,597 10,417 TOTAL FUNDS AS AT 1 October 2024 20,898 20,597
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE BALANCE SHEET AS AT 30 September 2024 Notes 2024 2023 FIXED ASSETS TANGIBLE FIXED ASSETS 10,200 12,668 12,668 CURRENT ASSETS Deposits and Cash at Bank 11,408 11,404 8,679 8,679 LIABILITIES Creditors.. Amounts falling due within one year (750) (750) Net current assets 20,858 7,929 TOTAL ASSETS LESS CURRENT LIABILITIES 20,858 20,597 CHARITY FUNDS Unrestricted funds 20,858 20,597 TOTAL FUNDSI{DEFICITS) 20,858 20,597 We approve these accounts which comprise the Receipts & Payments, Statements of Assets & Liabilities and related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1, and for providing all the information and explanations necessary for their compilation. ..AIruo6e........................ Trustee .1010412026............... Dated VItvo6e .1510412026............. Trustee Dated On behalf of the Charity
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE Profit And Loss Account For the year ended 30 September 2024 2024 2023 Income Gift aid Tithe & offerings Total income Expenses Charitable activities Building Project Children's ministry Electricity Equipment expensed Hiring of Hall Honorarium Communion Legal and professional Missions Motor expenses Music Rent Repairs and maintenance SOare Stationery and printing Telephone and fax Travel and subsistence Wages and salaries Web & internet Welfare Women's ministry 14,367 96,222 41,458 150,7953 110,589 192,411 32,054 350 1,715 1,617 9,200 2,850 193 902 36,640 3,150 1,429 12,731 B 5,430 15,940 650 2,902 379 2,055 23,896 3,376 9,274 28,800 17,322 3,854 315 189 12,820 1,235 3,826 4,855 1,998 345 1,580 22,536 842 8,541 4,792 105,681 175,563 Governance costs Accountants fees Bank charges Cleaning Depreciation Publicity and advert Sundry expenses 750 47 182 2,468 1,750 58 1,399 3,287 1,200 174 4,647 6,668 Total expenditure 110,328 182,131 Surplusl{deficit) 261 10,180 Fund balance bld Fund balance clfvid 20,597 20,858 10,417 20,597
THE GLORIOUS CHURCH INTERNATIONAL CHRISTIAN CENTRE Notes to the financial statements for the year ended 30 September 2024 1 TANGIBLE FIXED ASSETS Furniture, fitting and equipment Motor vehicle Total 2 COST At 1 October 2023 Additions 73,734 16,435 90,169 As 30 September 2024 DEPRECIATION At 1 October 2023 Charge for the year 63,534 13,967 2,468 77,501 2,468 As 30 September 2024 NET BOOKVALUE As 30 September 2024 As 30 September 2023 10,200 2,468 12,668 STATEMENT OF FUNDS BROUGHT FORWARD INCOMING RESOURCES CARRIED RESOURCES EXPENDITURE FORWARD Unrestricted funds General funds 20,597 29,597 261 110589 110589 110328 110328
THE GLORIOUS CHURCH INTERNATIONALCHRISTIAN CENTRE Notes to the Accounts for the year ended 30 September 2024 1 ACCOUNTING POLICIES Basis of accounting The financial statements are prepared in accordance with applicable accounting standards using the Historical Cost Convention. The financial statements reflect the requirements of the revised Statement of Recommended Practice "Accounting for Charities" ISORP). The Charity complied with best practice at the time of preparing these accounts. Tangible Fixed Assets All fixed assets are capitalised. The charge for depreciation is calculated to write off the cost of the fixed assets over their useful lives on the following bases: Equipment 25 % on the reducing balance Motor Vehicles 25 % on the reducing balance GENERAL These Accounts have been prepared on the receipts and payments basis and in accordance with applicable Accounting Standards and the Charitable SORP. (Statement of Recommended Practice on Accounting by Charities}. Income Income is accounted for on accruals basis, except for donations, which are credited when received These represents gifts, donations, tithes, offerings, pledges, Gift Aid and bank interest given to the 2 Charitable Donations & Gifts to Missions These represent amounts given to various individuals, organisations and other charitable trusts. Honorarium to visiting speakers and remittances for missionary work Expenditure All expenditure is accounted for on an accruals basis. Resources expended on charitable activities comprise all the resources applied by the charity in undertaking its work to meet its charitable objectives. These costs include the direct costs of the charitable activities with those support costs incurred that enable these activities to be undertaken. Expenditure on governance costs are the costs incurred by the charity to operate and to generate the information required for public accountability. Funds The charity's funds are unrestricted and are available for use at the discretion of the Board of Trustees. Board of Trustees Remuneration and expenses 10
No remuneration directly or indirectly out of the funds was paid or payable for to any of the Trustees for their duties as trustees. 10