## 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. ```