GLORYLAND PENTECOSTAL MINISTRIES
ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MAY 2023.
REGISTERED CHARITY NO: 1083136
GLORYLAND PENTECOSTAL MINISTRIES
INDEX TO THE ACCOUNTS
| PAGE | |
|---|---|
| Charity Information | 2 |
| Report of the Independent Examiners | 3 & 4 |
| Statement of Income & Expenditure | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 |
GLORYLAND PENTECOSTAL MINISTRIES
LEGAL AND ADMINISTRATION INFORMATION
CHARITY REGISTRATION NO: 1083136
BOARD OF TRUSTEES
Mr Morris Johnson
Mrs Afua Apraku
Rev. Joseph Apraku
Mr Sam Osei
Mr Sam Ayetine
Registered Office
Independent Examiners
Chairman
Secretary
Vice Secretary
Treasurer
Finance Secretary
84 Lewis Road
Mitcham
Surrey
CR4 3DE
Darnel & Co.
11 Smitham Downs Road
Purley
Surrey
CR8 4NH
INDEPENDENT EXAMINER'S REPORT TO THE
TRUSTEES OF GLORYLAND PENTECOSTAL MINISTRIES
I report on the accounts of the Trust for the year ended
31 May 2023, which are set out on the foregoing pages.
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation
of the accounts. The Charity's trustees consider that an
audit is not required for this year (under Section 43 (2)
of the Charities Act 1993 (the 1993 Act) and that an
Independent Examination is needed.
It is my responsibility to:
* examine the accounts (under Section 43(3)(a) of the 1993 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 43(7)(b) of the 1993 Act); and -
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General
Directions given by the Charity Commissioners. An examination
includes a review of the accounting records kept by the Charity
and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or
disclosures in the accounts, and seeking explanations from you
as trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an
audit, and consequently I do not express an audit opinion on the
the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my
attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements -
to keep accounting records in accordance with Section 41 of the 1993 Act; and -
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
LEONARD AKANO
DARNEL & CO.
ACCOUNTANTS
11 SMITHAM DOWNS ROAD
PURLEY, SURREY
CR8 4NH.
GLORYLAND PENTECOSTAL MINISTRIES
STATEMENT OF INCOME & EXPENDITURE
FOR THE FINANCIAL YEAR ENDED
31 MAY 2023.
___________
Income (1)
£ £
25,548
Income (1) |
|
|---|---|
LESS EXPENSES: |
|
_____________ |
|
IMCGB |
212 |
Rent |
8,520 |
Postage & stationery |
2,925 |
Communication |
2,272 |
Welfare |
6,923 |
Music |
575 |
Transportation |
2,586 |
Donations |
144 |
Offering to Pastors/Churches |
1,425 |
Accountancy fees (3) |
300 |
Refreshments |
3,993 |
Miscellaneous |
651 |
_____ |
Net Surplus/(Deficit)
(30,526)
______
( 4,978)
______
______
On behalf of the Trustees
………..………..Trustee
………….…...….Trustee
21 JULY 2023.
GLORYLAND PENTECOSTAL MINISTRIES
BALANCE SHEET
AS AT
31 MAY 2023.
___________
£ £
CURRENT ASSETS:
______________
Cash at bank and in hand 50,999
______
Net Current Assets 50,999
______
50,999
______
______
FINANCED BY:
___________
Retained Surplus 55,977
Surplus/(Deficit) for the year( 4,978)
______
50,999
______
______
GLORYLAND PENTECOSTAL MINISTRIES
NOTES TO THE ACCOUNTS
_____________________
(1) INCOME:
£ |
|
|---|---|
Thanksgiving |
2,765 |
Tithes |
9,169 |
Offerings |
5,325 |
Gift Aid |
4,367 |
Other Sources |
3,922 |
______ |
|
TOTAL |
25,548 |
____________ |
(2) DEPRECIATION:
Bal b/f Addns Total Dep NBV |
|
|---|---|
________________________________ |
|
Fixtures & fitt |
0 nil 0 0 0 |
Office Equipment |
0 nil 0 0 0 |
Fixtures & fittings are depreciated at the rate of
15% per annum on cost and Computer Equipment is at the
rate of 20% per annum on cost. On this basis, all
assets now have a zero book balance.
(3) Darnel & Co. were paid a fee of £300 for
providing the services of Independent Examination.
(4) ACCOUNTING POLICIES:
a) The financial statements have been prepared in accordance
with the applicable standards and following the
recommendations in the Statement Of Recommended Practice:
Accounting by Charities (SORP) issued October 1995.
b) Income received is in the form of gifts and donations and
is given on a voluntary basis.