## **REGISTERED CHARITY NUMBER: 1051722**
**GILBERT DEYA MINISTRIES**
**REPORT OF THE TRUSTEES**
**AND**
**FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31ST DECEMBER 2024**
## **GILBERT DEYA MINISTRIES**
**REPORT OF THE TRUSTEES**
## **AND**
**FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED**
**31ST DECEMBER 2024**
**Gilbert deya Ministries**
## **Content of the Financial Statements For the year ended 31st December 2024**
||Page|
|---|---|
|Legal and Administrative Information|1|
|Report of the Trustees|2 - 5|
|Auditor's Report|6|
|Statement of Financial activities|7|
|Statement of Financial Position|8|
|Notes to the accounts|9 - 13|
|Detailed Statement of Financial Activities|14|
## **Gilbert Deya Ministries**
## **Legal and Administrative Information**
## **Board of Trustees:**
Vera Imarhiagbe Ms Hannah Ogunjinmi Karen Oyanda
## **Registered Charity Number**
1051722
**Registered Office:** 1A Throwley Way Sutton Surrey SM1 4AF
**Auditors** A D Williams & Co Accountants Chartered Accountants & Statutory Auditors 102 Green Lane Morden SM4 6SS
Page 1
**Gilbert Deya Ministries Report of the Trustees For the Year Ended 31 December 2024**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The charity is constituted under a trust deed dated 3rd January 1996 and is a registered charity number 1051722
## **Recruitment and appointment of new trustees**
The legal responsibility for the election of new trustees to Gilbert Deya Ministries Board lies with the Annual General Meeting (AGM).
The Board recognises that it has only limited control over the election of trustees at the AGM. It is accepted that Gilbert Deya Ministries members should be able to elect people to the board who they believe will best represent their interests. However the existing board members also have a responsibility to try to ensure that the needs of the organisation in terms of governance are met by those people elected. The Board seek to do this by adopting a system of recommending Trustee appointments to the membership using the steps detailed below. The membership will then be able to choose to elect a recommended candidate or to appoint another person to the board.
Trustees can delegate some aspects of recruitment of Trustees to Management, but they must ensure that they retain overall responsibility and control of the recruitment, selection and induction processes.
In recruiting new trustees, the existing trustees and management act in the best interests of Gilbert Deya Ministries and in accordance with the Charity Commission directives as laid out in CC30.
## **Induction and training of new trustees**
All trustees are expected to attend:
- Volunteer induction training
- Trustee induction session
- Any other update training of relevance to board members
As part of the induction process all trustees receive copies of the following:
- Outline of current boards skills and experience
- A copy of the previous year's annual report and financial report
- A copy of the memorandum and articles of association (governing document)
- A copy of the previous board meeting minutes (once agreement for appointment has been made by the Trustees)
- Charity Commission CC3 - The essential trustee: What you need to know
- Charity Commission CC60 - The Hall marks of an Effective Charity
- Copies of the trustee handbook with all current up to date policies
Page 2
**Gilbert Deya Ministries Report of the Trustees For the Year Ended 31 December 2024**
## **Training**
Continuous training is provided to trustees, pastors, staff and volunteers in various professional fields. Training is provided in the following areas: Pastoral services, Youth leadership, Eldership, Women leadership, Deliverance ministry and Evangelism
## **Review of Trustee's Performance**
Each trustee will meet with the Chair on a one to one basis at least annually. This will be an opportunity for the Chair to give encouragement, support and feedback on performance. It is also an opportunity for each trustee to give feedback about the process and practice of being a trustee. Any issues of poor performance or misconduct to be addressed outside of this process and in a timely manner.
## **Risk management**
The Trustees have conducted a review of the major risks which the Charity is exposed, in particular those relating to operations and finances of the Charity. The Trustees review the risks regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks. Appropriate Disclosure and Baring Service (DBS) checks, supported by relevant trainings and regularly-reviewed policies are made for all voluntary workers and members who work with children or other vulnerable groups with the Charity. Where appropriate, systems have been established to mitigate the risks the Charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
## **Objectives and Aims**
To seek the advancement of the Christian religion in accordance with the teachings of the word of God according to the bible and to educate people in the word of God. To teach the knowledge of Jesus Christ all over our area of operation and beyond.
In addition, to help in the relief of poverty in our areas of operation and beyond: directly to our immediate members, their families, members of the local, national and international community as occasion would demand in cash and in kind.
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims and objectives. In carrying out this review, the trustees have considered public benefit application as below.
## **Public benefit**
The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided by
- Providing sacred space for personal prayer and contemplation
- Conducting pastoral work including visiting the sick and the bereaved
- Teaching Christianity through sermons, courses and small groups
- Supporting members on low income on rents, school fees and meals etc.
Page 3
**Gilbert Deya Ministries Report of the Trustees For the Year Ended 31 December 2024**
## **Volunteers**
The charity continue to use the services of volunteers through the reporting year to the services of God and Mankind
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
## **Bible Study:**
We held meetings at our worship centre that involve bible study, deliverance service, and prayer sessions for members and other people in the community in and around our operational environment and beyond through TV ministry
## **Ministration and Community Outreach:**
We continue to offer ministration and outreach services to many people in the community free by our pastors and ministers. We continued to see the positive impact on our ministration activities in the lives of the members of our community, marriages are being saved and restored, and hope is given back to many who have lost hope; people are being help through very difficult financial crisis; members of families are being reunited and the spiritual lives of many people have been boosted through their attendance at our meetings and special gatherings; life-changing and soul- lifting messages are being shared with spiritlifting worship sessions.
## **TV Ministry:**
The charity broadcast it services through television station which is aired out through different television stations in different countries.
## **Fundraising activities**
The church raises funds through it members by the giving of tithes and offerings as donations to the services of the ministry.
Page 4
## **Gilbert Deya Ministries Report of the Trustees For the Year Ended 31 December 2024**
## **FINANCIAL REVIEW**
## **Reserves**
It is the objective of the charity to ensure restricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an ongoing basis. Based on the charity's size, the context of future plans, the level of our financial commitments and contractual obligations held, it's our policy to maintain restricted reserves of not less than equivalent of three months recurrent expenditure.
## **GOING CONCERN**
After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue its objectives and activities for the public benefit for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and financial statements.
Further details regarding the adoption of the going concern basis are in note 1 ‘Accounting Policies’ in the financial statements.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- **�** select suitable accounting policies and then apply them consistently;
- **�** observe the methods and principles in the Charity SORP;
- **�** make judgements and estimates that are reasonable and prudent;
- **�** prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting 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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website.
Approved by order of the board of trustees on ......................................................................... and signed on its behalf by:
Chair, Trustees
Page 5
## **Gilbert Deya Ministries Auditors Report to the Trustees For the Year ended 31 December 2024**
We have audited the financial statements of Gilbert Deya Ministries for the year ended 31st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective January 2015) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
This report is made solely to the charity's trustees, as a body, in accordance with Section 144 of the Charities Act 2011 and regulations made under Section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## **Respective responsibilities of trustees and auditors**
As explained more fully in the Statement of Trustees Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view.
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with regulations made under Section 154 of that Act.
Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
## **Scope of the audit of the financial statements**
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the charity's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Report of the Trustees to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
## **Opinion on financial statements**
In our opinion the financial statements:
- **�** give a true and fair view of the state of the charity's affairs as at 31 December 2024 and of its incoming resources and application of resources for the year then ended;
- **�** have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and
- **�** have been prepared in accordance with the requirements of the Charities Act 2011.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: - **�** the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements ; or
- **�** sufficient accounting records have not been kept; or
- **�** the financial statements are not in agreement with the accounting records and returns; or
- **�** we have not received all the information and explanations we require for our audit.
Date:
Page 6
## **Gilbert Deya Ministries**
## **Report of the interim managers as an addendum to the Report of the Trustees for the year ended 31 December 2024**
## **Aims and Objectives**
Gilbert Deya Ministries (“GDM”, the “Charity”, or the “Church”) is a registered charity with objectives to seek the advancement of the Christian religion and to provide assistance for persons in condition of need, hardship or distress.
It was founded in 1995 by Gilbert Deya, and hosted congregations from premises in Sutton, London, and previously also in Manchester.
## **Statutory inquiry**
In July 2016, the Charity Commission (“CC”) initiated an inquiry into the Charity to address concerns regarding the charity’s policies and practices.
In December 2020, the Church’s premises in Manchester were sold for £450k, with Trustees’ authorisation, but without apparently following best practice procedures. After making certain payments from the proceeds, the CC blocked the use of the remaining net proceeds of £404k to allow for further enquiries to be made.
In March 2021, the CC appointed FRP as Interim Managers to review and assess the Charity’s current financial and asset position and to make recommendations on the Charity’s viability and solvency.
In July 2021, the CC extended the Interim Managers scope to consider implementing new governance. This was to be achieved by either electing a new board of Trustees, a merger/collaboration with another Charity or the transfer of operations to a new charity that meets the Commissions requirements. Failing which, to examine the potential wind down of the Charity and distribution of its funds and/or property per the Charity’s Articles.
The main purpose of the Interim Managers’ appointment is to:
- consider the viability of merger or collaboration opportunities for the Charity or the transfer of operations to a new charity that meets the Commissions requirements. ›
- examine the potential wind down of the Charity and distribution of its funds or property per the Charity’s Articles, if collaboration opportunities are not feasible.
- implement and monitor controls for the effective management of funds (including collections, costs deducted at source, new costs entered into, confirming validity of direct debits) during the period of investigation (expected to be no more than thirteen weeks).
-
- control the use of bank accounts or set up new accounts and PDQ facilities; and
- make recommendations for next steps.
The Interim Managers are appointed with all the powers and duties of trustees and act to the exclusion of the current trustees (in respect of the charity’s administration and control of the charity’s finances) whilst continuing to enable the trustees to continue to hold religious services and conduct solely religious activities and manage the collection of donations.
The Charity’s trustees are all members of the Church and are clearly passionate and committed to their objectives. However, in the face of strong opinions from trustees with loyalties split between the Founder and his son, the board of trustees is dysfunctional and unable to reach agreement on even straightforward matters. This is made worse by the lack of trustees who are independent of the Church or hold professional qualifications.
## **Accounts**
Whilst the Interim Managers were in office for the entirety of this accounting period, we are unable to verify the accuracy or completeness of the accounts for the year ended 31 December 2024, as some of the accounting safeguards that we introduced around the collection of cash have not been adhered to by the congregation. Furthermore, there is some suspicion that donations may have been diverted.
The Interim Managers’ investigations are ongoing and as such, the Interim Managers can only sign these accounts based on the information that has been provided to them and are unable to validate such information contained within the accounts.
It is currently not known how long the Interim Managers’ appointment is anticipated to last and what the outcome of their investigations are likely to be, or what effect these will have on the Charity’s future activities or viability.
## **Small company provisions**
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
On behalf of the board
**Phil Reynolds Interim Manager**
## **Gilbert Deya Ministries Statement of Financial Activities For the Year Ended 31 December 2024**
|**Unrestricted**
**Funds**
**Notes**
**£**
**INCOMING RESOURCES**
**Incoming Resources from**
**generated funds**
Donations
2
15,340
**Other Income**
Other incoming resources
3
12,713
**Total Incoming Resources**
**28,052**
**RESOURCES EXPENDED**
**Resources expended on Charitable**
**Activities:**
Charitable activities costs
4
7,762
Cost of generating voluntary income
5
6,445
**Resources Expended**
**14,207**
**Other Resources Expended**
Governance costs
6
460,221
Other support costs
7
284,674
**744,894**
**Total Resources Expended**
**759,102**
**Net incoming resources for the year**
**(731,050)**
**RECONCILIATION OF FUNDS**
**Net movement in funds**
**(731,050)**
**(731,050)**
Fund balances brought forward
1,272,131
Prior year adjustments
(4,355)
Fund balances carried forward
**536,727**|**Unrestricted**
**Funds**
**Notes**
**£**
**INCOMING RESOURCES**
**Incoming Resources from**
**generated funds**
Donations
2
15,340
**Other Income**
Other incoming resources
3
12,713
**Total Incoming Resources**
**28,052**
**RESOURCES EXPENDED**
**Resources expended on Charitable**
**Activities:**
Charitable activities costs
4
7,762
Cost of generating voluntary income
5
6,445
**Resources Expended**
**14,207**
**Other Resources Expended**
Governance costs
6
460,221
Other support costs
7
284,674
**744,894**
**Total Resources Expended**
**759,102**
**Net incoming resources for the year**
**(731,050)**
**RECONCILIATION OF FUNDS**
**Net movement in funds**
**(731,050)**
**(731,050)**
Fund balances brought forward
1,272,131
Prior year adjustments
(4,355)
Fund balances carried forward
**536,727**|**Restricted**
**Funds**
**£**
-
-|**Total**
**Funds**
**2024**
**£**
15,340
12,713
**28,052**
7,762
6,445
**14,207**
460,221
284,674
**744,894**
**759,102**
**(731,050)**
**(731,050)**
**(731,050)**
1,272,131
(4,355)|Total
**Funds**
**2023**
**£**
83,416
186|
|---|---|---|---|---|
||**28,052**|**-**||**83,602**|
||7,762
6,445|-
-||44,924
6,672|
||**14,207**|**-**||**51,596**|
||460,221
284,674|-
-||55,058
17,236|
||**744,894**|**-**||**72,294**|
||||||
||**759,102**|**-**||**123,890**|
||||||
||**(731,050)**|**-**||**(40,288)**|
||**(731,050)**|**-**||**(40,288)**|
||**(731,050)**
1,272,131
(4,355)|**-**
-
-||**(40,288)**
1,586,328
(273,909)|
||**536,727**|**-**|**536,727**|**1,272,131**|
Page 7
## **Gilbert Deya Ministries Balance Sheet At 31 December 2024**
|**Notes**
**Fixed Assets**
Tangible fixed assets
11
**Current Assets**
Debtors
12
Cash at bank and in hand
**Creditors: Amounts falling due**
**within one year**
13
**Net Current Assets**
**Creditors: Amounts falling due**
**after more than one year**
13a
**Net Assets**
**Funds**
14
Unrestricted Funds
Restricted Funds|**Unrestricted**
**£**
-
**-**
124,538
562,280
**686,818**
(89,043)
**597,776**
(61,049)
**597,776**
**Funds**|**Restricted**
**Funds**
**£**
-
**-**
**-**
-|**Total**
**2024**
**£**
-
**-**
124,538
562,280
**686,818**
(89,043)
**597,776**
(61,049)
**536,727**
536,727
-
**536,727**
**Funds**|**Total**
**Funds**
**2023**
**£**
1,280,000|
|---|---|---|---|---|
|||||**1,280,000**|
|||||124,538
16,051|
|||||**140,589**
(87,409)|
|||**-**||**53,180**|
|||**-**
**-**||(61,049)|
|||||**1,272,131**|
|||||1,272,131
-|
|||||**1,272,131**|
The financial statements were approved by the Board of Trustees on …......................... and were signed on its behalf
Chair of Board of Trustees
Page 8
## **Gilbert Deya Ministries Notes to the Financial Statements For the Year Ended 31 December 2024**
## **1 Accounting Policies**
## **Accounting Convention**
The accounts have been prepared in accordance with all applicable accounting standards, the Statement of Recommended Practise (SORP), “Accounting and Reporting by Charities” revised 2015, except for the alternative headings that have been used in the Statement of Financial Activities, as the Trustees feel that the revised headings make the accounts easier to read for a non-financial audience. The principal accounting policies adopted in the preparation of the accounts are set out below.
The charity constitutes a public benefit entity as defined by FRS102.
## **Exemption from preparing a cash flow statement**
Exemption has been taken from preparing a cash flow statement on the grounds that the charitable company qualifies as a small charitable company.
## **Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Grants and Donations**
Income from grants and donations is included in incoming resources when these are receivable.
## **Resources Expended**
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.
## **Cost of generating funds**
Cost of generating funds are those costs relating to the generation of income and includes cost related to the management of the charities activities.
## **Allocation and apportionment of costs**
Support cost are those cost related to shared activities of the organisation and are apportioned on a basis considered appropriate to the underlying activities.
## **Governance costs**
Governance costs are the costs associated with the strategic direction of the charity and with meeting regulatory responsibilities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee. Restricted funds can only be used for particular restricted purposes within the objects of the charity Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Fixed Assets and Depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold property||
|---|---|
|Motor vehicle|20%|
|Plant and machinery|20%|
Page 9
## **Gilbert Deya Ministries Notes to the Financial Statements For the Year Ended 31 December 2024**
|**2**
**Voluntary Income**
Tithes, Offerings and Donations
Rental Income
Other income
**3**
**Other Incoming Resources**
Bank Interest received
**Resources Expended**
**4**
**Charitable activities cost**
Volunteer Expenses
Travel and subsistence - Charitable
PI claim settlement
Charity donation
Cleaning
Motor Vehicle expenses
**5**
**Cost of generating voluntary income**
Rent and Rates
Fundraising expenses
Light and heat
Building repairs and maintenance
Musicians and sound-setup
**6**
**Governance costs**
Accountancy fees
Bank charges
Credit card charges
Legal fees
Other professional and legal costs|**31.12.2024**
**£**
15,340
-
-
15,340
**31.12.2024**
**£**
12,713
12,713
**31.12.2024**
**£**
671
-
5,000
-
2,091
-
7,762
**31.12.2024**
**£**
1,400
160
-
-
4,885
6,445
**31.12.2024**
**£**
8,000
220
-
89,430
362,571
460,221|**31.12.2023**
**£**
81,906
1,500
10|
|---|---|---|
|||83,416|
|||**31.12.2023**
**£**
186|
|||186|
|||**31.12.2023**
**£**
36,477
2,809
-
3,466
2,172
-|
|||44,924|
|||**31.12.2023**
**£**
3,218
-
1,800
1,654
-|
|||6,672|
|||**31.12.2023**
**£**
8,000
196
1,461
4,450
40,951|
|||55,058|
Page 10
## **Gilbert Deya Ministries Notes to the Financial Statements For the Year Ended 31 December 2024**
|**7**
**Other support costs**
Telephone and internet
Printing postage and stationery
Sundry expenses
Other property expenses
Equipment and furniture expenses
Loss on disposal of building
Insurance
Utilities
Software
VAT Irrecoverable
Security cost
**8**
**NET INCOMING/(OUTGOING) RESOURCES**
Net resources are stated after charging/(crediting):
Auditors' Remuneration
Depreciation - owned assets
Other accountancy fees|**31.12.2024**
**£**
301
-
830
8,588
-
180,000
6,577
1,847
-
82,931
3,600
284,674
**31.12.2024**
**£**
-
-
8,000
8,000|**31.12.2023**
**£**
1,929
711
1,675
-
556
-
7,933
-
592
3,840
-|
|---|---|---|
|||17,236|
|||**31.12.2023**
**£**
-
-
8,000|
|||8,000|
## **9 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
There were no trustees' expenses paid neither for the year ended 31 December 2024 nor for the year ended 31 December 2023.
|**10 STAFF COSTS**
Wages and salaries
Social security costs
Management and administration
The average monthly number of employees during the year was as follows:|**31.12.2024**
**£**
-
-
-
**31.12.2024**
-
-|**31.12.2023**
**£**
-
-|
|---|---|---|
|||-|
|||**31.12.2023**
-
-|
No employees received emoluments in excess of £60,000.
Page 11
**Gilbert Deya Ministries Notes to the Financial Statements For the Year Ended 31 December 2024**
## **11 Tangible Fixed Assets**
All assets relate to the Charity and are used for charitable purposes.
|**Cost**
At 1st January 2024
Improvements
Additions
Disposal
At 31st December 2024
**Depreciation**
At 1st January 2024
Charge for the year
At 31st December 2024
**Net Book Value**
At 31st December 2024
At 31st December 2023
**12**
**Debtors**
Legal claim suspense
Other debtors - VAT recoverable
**13**
**Creditors: Amounts falling due**
**within one year**
Accrued expenses - Accountancy fee
Accrued expenses - N. Kamara Services LTD
Other creditors
BDB Pitmans - Client Account
Legal claims payable - short term
**13a**
**Creditors: Amounts falling due**
**More than one year**
Legal claims payable - Long term|**Land &**
**Buildings**
**£**
1,280,000
-
-
(1,280,000)
-
-
-
-
**-**
1,280,000|**31.12.2024**
£
85,049
39,489
124,538
**31.12.2024**
£
8,000
-
53,839
3,204
24,000
89,043
**31.12.2024**
£
61,049
61,049|**Total**
**£**
**1,280,000**
**-**
**-**
(1,280,000)|
|---|---|---|---|
||||**-**|
||||**-**
**-**|
||||**-**|
||||**-**|
||||1,280,000|
||||**31.12.2023**
£
85,049
39,489|
||||124,538|
||||**31.12.2023**
£
8,000
1,570
53,839
-
24,000|
||||87,409|
||||**31.12.2023**
£
61,049|
||||61,049|
Page 12
## **Gilbert Deya Ministries Notes to the Financial Statements For the Year Ended 31 December 2024**
## **14 MOVEMENTS IN FUNDS**
|Unrestricted fund
Restricted funds|**At**
**1st Jan**
**2024**
_£_
1,272,131
-
**1,272,131**|**At**
**Movements**
**Prior year**
**31st Dec.**
**in funds**
**Adj.**
**2024**
£
£
£
(731,050)
(4,355)
536,727
-
-
-|
|---|---|---|
|||**(731,050)**
**(4,355)**
**536,727**|
## **14 SUMMARY MOVEMENT IN FUNDS FOR THE YEAR**
|Unrestricted funds
Restricted funds|Incoming
resources
_£_
28,052
-
**28,052**|Resources
expended
£
(759,102)
-
**759,102**|Movement
in funds
£
(731,050)
-|
|---|---|---|---|
||||**(731,050)**|
Page 13
## Gilbert Deya Ministries Notes to the financial statements
## For the Year ended 31 December 2024
|**INCOMING RESOURCES**
Tithes, Offerings and Donations
Other income
Rental Income
Bank Interest received
**Total income resources**
**RESOURCES EXPENDED**
**Other Charitable activities cost**
Volunteer Expenses
Travel and subsistence - Charitable
PI claim settlement
Charity donation
Cleaning
**Cost of generating voluntary income**
Rent and Rates
Fundraising expenses
Light and heat
Muscian and sound set-up
Building repairs and maintenance
**Governance costs**
Accountancy fees
Bank charges
Credit card charges
Legal fees
Other professional and legal costs
**Support Costs**
Telephone and internet
Printing postage and stationery
Sundry expenses
Other property expenses
Equipment and furniture expenses
Loss on disposal of building
Insurace
Utilities
Software
VAT Recoverable - floating
Security cost
**Total Resources Expended**
**Net Expenditure**|31.12.24
£
15,340
-
0
12,713
**28,052**
671
-
5,000
-
2,091
**7,762**
1,400
160
-
4,885
-
**6,445**
8,000
220
-
89,430
362,571
**460,221**
301
-
830
8,588
-
180,000
6,577
1,847
-
82,931
3,600
**284,674**
**759,102**
**(731,050)**|31.12.23
£
81,906
10
1,500
186|
|---|---|---|
|||**83,602**|
|||36,477
2,809
-
3,466
2,172|
|||**44,924**
3,218
1,800
-
1,654|
|||**6,672**
8,000
196
1,461
4,450
40,951|
|||**55,058**
1,929
711
1,675
-
556
-
7,933
-
592
3,840
-|
|||**17,236**|
|||**123,890**|
||||
|||**(40,288)**|
Page 14