GLORY INTERNATIONAL CHRISTIAN CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees have the pleasure in submitting the Report and Accounts for the year
Objects of the charity:
The Trust seeks to demonstrate the Christian faith and charitable courses by serving as a church in UK.
Government:
The Board of Trustees was in regular contact beyond the prescribed frequency of meetings by the governing documents. Strategic decision-making was on a quorate basis. Board membership is stable, balanced and the Trustees operate to Charity Commission’s guidance and Charity Law.
Review of Activities:
The Church ‘GLORY INTERNATIONAL CHRISTIAN CENTRE’ provides avenue and platform for charitable courses:
-
We organise youth rehabilitation programme in which we gather youth around the community to ensure they maximise their potentials.
-
We help women who are in abusive relationship (domestic violence) stabilise their emotions by counselling and making them see need to talk to appropriate authorities as many suffering in silence.
-
Advance the course of poverty alleviation programme. Where we give/make donations to people in need ( based on their basic needs)
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Visit homes of old people within the community. Giving them our support by donating toiletries, and daily essentials.
-
We counsel people based on their challenges once they approach us and we treat this with utmost confidentiality.
Financial review:
The Charity’s main source of finance was from tithe, offerings and donations from members. The Charity’s financial position is stable and balanced.
Trustees’ Responsibilities:
Charity law requires us as Trustees to prepare financial statements for each accounting year which receipts and payments of the charity for the year.
We are responsible to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
This report was approved by the trustees on...14/06/2024.................. and signed on their behalf by:
Name:... Faustina Anderson................Sign...
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| GLORY INTERNATIONAL CHRISTIAN CENTRE | GLORY INTERNATIONAL CHRISTIAN CENTRE | GLORY INTERNATIONAL CHRISTIAN CENTRE | Charity No (if any) 1126828 |
Charity No (if any) 1126828 |
|
|---|---|---|---|---|---|
| Annualaccountsforthe period | |||||
| Period start date | 01/01/2023 | To | Period end date |
31/12/2023 |
Section A Statement of financial activities
| Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and Voluntary Income Tithes & Offerings S01 Charitable activities S02 Interest Incom S03 HMRC Job Retention Scheme S04 Gift Aid S05 Other Operating Income S06 S07 Resources expended (Note 6) Expenditure on: Costs of generating voluntary income S08 Charitable activities S09 Governance costs Legal & Professional S10 Other resources expended Depreciation S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 Reconciliation of funds: S21 S22 Total Net movement in funds Total funds brought forward Total funds carried forward Total Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use |
Guidance Notes | Guidance Notes | Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|---|---|
| Tithes & Offerings | S01 | 146,055 | - | - | 146,055 | 96,389 | |
| - | - | - | - | - | |||
| 973 | - | - | 973 | 85 | |||
| - | - | - | - | ||||
| 49,777 | - | - | 49,777 | 69,201 | |||
| 17,895 | - | - | 17,895 | 7,224 | |||
| 214,700 | - | - | 214,700 | 172,899 | |||
| 171,102 | - | - | 171,102 | 117,794 | |||
| 7,119 | - | - | 7,119 | 5,000 | |||
| 500 | - | - | 500 | 800 | |||
| 2,701 | - | - | 2,701 | 2,751 | |||
| 181,422 | - | - | 181,422 | 126,345 | |||
| 33,278 | - | - | 33,278 | 46,554 | |||
| - | - | - | - | - | |||
| 33,278 | - | - | 33,278 | 46,554 | |||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| 33,278 | - | - | 33,278 | 46,554 | |||
| 148,494 | - | - | 148,494 | 101,940 | |||
| 181,772 | - | - | 181,772 | 148,494 |
1
Section B Balance sheet
| Fixed assets Intangible assets (Note 15) Tangible assets (Note 14) Heritage assets (Note 16) Investments (Note 17) Total fixed assets Current assets Stocks (Note 18) Debtors (Note 19) Investments (Note 17.4) Cash at bank and in hand (Note 24) Total current assets Creditors: amounts falling due within one year (Note 20) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 20) Provisions for liabilities Total net assets or liabilities Funds of the Charity Endowment funds (Note 27) Restricted income funds (Note 27) Unrestricted funds Revaluation reserve Total funds Signed by one or two trustees on behalf of all the trustees |
Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21 |
Unrestricted funds £ F01 |
Restricted income funds £ F02 |
Endowment funds Total this year £ £ F03 F04 |
Endowment funds Total this year £ £ F03 F04 |
Total last year £ F05 |
|---|---|---|---|---|---|---|
| - | - | - | - | - | ||
| 2,756 | - | - | 2,756 | 5,457 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 2,756 | - | - | 2,756 | 5,457 | ||
| - | - | - | - | - | ||
| 99,588 | - | - | 99,588 | 60,868 | ||
| - | - | - | - | - | ||
| 79,928 | - | - | 79,928 | 85,138 | ||
| 179,516 | - | - | 179,516 | 146,006 | ||
| - | - | - | - | 2,969 | ||
| 179,516 | - | - | 179,516 | 143,037 | ||
| 182,272 | - | - | 182,272 | 148,494 | ||
| 500 | - | - | 500 | - | ||
| - | - | - | - | - | ||
| 181,772 | - | - | 181,772 | 148,494 | ||
| - 148,494 |
- | - | ||||
| - | 148,494 | 101,940 | ||||
| 33,278 | - | 33,278 | 46,554 | |||
| - | ||||||
| 181,772 | - | - | 181,772 | 148,494 | ||
| Signature | Print Name | Date of approval dd/mm/yyyy |
||||
| Faustina Anderson | 14/06/2024 | |||||
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by • and with ✓ Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by ✓ FRS 102.*
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that THE CHARITY IS ABLE TO MEET ITS PUBLIC support the conclusion that the charity is a REQUIREMENTS AS WELL AS REALISING ITS ASSETS going concern; AND DISCHARCHING ITS LIABILITIES IN THE NORMAL COURSE OF ITS OPERATIONS. IN ORDER WORDS, IT HAS NEITHER INTENTION NOR THE NEED TO LIQUIDATE OR CURTAIL MATERIALLY ITS SCALE OF OPERATION. IT HAS ENOUGH RESOURCES TO CONTINUE IN OPERATION.
Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in ~~note { }~~ Yes ✓ * -Tick as appropriate No ✓
Please disclose:
(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes ✓ * -Tick as appropriate No ✓
Please disclose:
(i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes ✓ * -Tick as appropriate No Please disclose: (i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.
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Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. Volunteer help The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. These are included in the Statement of Financial Activities (SoFA) when: • the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and • the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. |
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| 2.4 ASSETS Intangible fixed assets Heritage assets POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE Current asset investments Debtors Stocks and work in progress Investments Governance and support costs Tangible fixed assets for use by charity 2.3 EXPENDITURE AND LIAB Liability recognition Deferred income Redundancy cost Grants with performance conditions Grants payable without performance conditions Creditors Provisions for liabilities Basic financial instruments |
The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. They are valued at cost. ILITIES Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. The charity made no redundancy payments during the reporting period. No material item of deferred income has been included in the accounts. These are capitalised if they can be used for more than one year, and cost at least Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date |
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| They are valued at fair value except where they qualify as basic financial instruments. | ✓ | |||
Section C Notes to the accounts (cont)
Note 3 Analysis of income
| Note 3 Analysis of income | Analysis of income | Analysis of income | Analysis of income | Analysis of income | Analysis of income | Analysis of income |
|---|---|---|---|---|---|---|
| Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 146,055- - 146,055 96,389 GiftAid 49,777 - - 49,77769,201 Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other 17,895 - - 17,895 7,224 Total 213,727 - - 213,727 172,814 - - - - - - - - - - Other - - - - - Total - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Interestincome 973 - -973 85 Dividendincome - - - - - Rentalandleasingincome - - - - - Other - - - - - Total 973 - -973 85 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 214,700- - 214,700172,899 Other information: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Charitable activities: Analysis Donations and legacies: |
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis |
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| Donations and gifts | 146,055 | - | - | 146,055 | 96,389 | |
| GiftAid | 49,777 | - | - | 49,777 | 69,201 | |
| Legacies | - | - | - | - | - | |
| General grants provided by government/other charities |
- | - | - | - | - | |
| Membership subscriptions and sponsorships which are in substance donations |
- | - | - | - | ||
| Donatedgoods,facilities and services | - | - | - | - | - | |
| Other | 17,895 | - | - | 17,895 | 7,224 | |
| Total | 213,727 | - | - | 213,727 | 172,814 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Other | - | - | - | - | - | |
| Total | - | - | - | - | - | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Other | - | - | - | - | - | |
| Total | - | - | - | - | - | |
| Interestincome | 973 | - | - | 973 | 85 | |
| Dividendincome | - | - | - | - | - | |
| Rentalandleasingincome | - | - | - | - | - | |
| Other | - | - | - | - | - | |
| Total | 973 | - | - | 973 | 85 | |
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| Total | - | - | - | - | - | |
| Conversion of endowment funds into income | - | - | - | - | - | |
| Gain on disposal of a tangible fixed asset held forcharity's ownuse |
- | - | - | - | - | |
| Gain on disposal of a programme related investment |
- | - | - | - | - | |
| Royalties from the exploitation of intellectual propertyrights |
- | - | - | - | - | |
| Other | - | - | - | - | - | |
| Total | - | - | - | - | - | |
| 214,700 | - | - | 214,700 | 172,899 | ||
All income in the prior year was unrestricted except for: (please provide description and amounts)
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)
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Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Other Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. |
Description | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| HMRC Job Retention Scheme | - | - | |
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - | |
Please give details of other forms of government assistance from which the charity has directly benefited.
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Section C Notes to the accounts (cont) Note 6 Analysis of expenditure
| Note 6 Analysis of expenditure | Analysis of expenditure | Analysis of expenditure | |||||
|---|---|---|---|---|---|---|---|
| Fudraising agents Operatingcharityshops Analysis of expenditure on charitable activities Other information: TOTAL EXPENDITURE Total other expenditure Legal&Professional Incurred seeking grants Investment management costs: Incurred seeking donations Expenditure on charitable activities Operating a trading company undertaking non-charitable trading activity Investment administration costs Total expenditure on charitable activities Other Total expenditure on raising funds Total Depreciation Separate material item of expense Advertising, marketing, direct mail and publicity Start up costs incurred in generating new source of future income Rent collection, property repairs and maintenance charges Operating membership schemes and social lotteries Stagingfundraisingevents Database development costs Other trading activities Analysis Portfolio management costs Intellectual property licencing costs Cost of obtaining investment advice Expenditure on raising funds: Incurred seeking legacies |
Analysis | Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ |
|||||
| Incurred seeking donations | 178,221 | - | - | 178,221 | 122,794 | ||
| Incurred seeking legacies | - | - | - | - | - | ||
| Incurred seeking grants | |||||||
| Operating membership schemes and social lotteries |
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| Stagingfundraisingevents | |||||||
| Fudraising agents | |||||||
| Operatingcharityshops | |||||||
| Operating a trading company undertaking non-charitable trading activity |
|||||||
| Advertising, marketing, direct mail and publicity |
- | - | - | - | - | ||
| Start up costs incurred in generating new source of future income |
- | - | - | - | - | ||
| Database development costs | - | - | - | - | - | ||
| Other trading activities | |||||||
| Investment management costs: | - | - | - | - | |||
| Portfolio management costs | - | - | - | - | - | ||
| Cost of obtaining investment advice | - | - | - | - | - | ||
| Investment administration costs | - | - | - | - | - | ||
| Intellectual property licencing costs | - | - | - | - | - | ||
| Rent collection, property repairs and maintenance charges |
- | - | - | - | - | ||
| Total expenditure on raising funds | 178,221 | - |
- | 178,221 | 122,794 | ||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| Total expenditure on charitable activities |
- | - | - | - | - | ||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| Total | - | - | - | - | - | ||
| Depreciation | 2,701 | - | - | 2,701 | 2,751 | ||
| Legal&Professional | 500 | - | - | 500 | 800 | ||
| - | - | - | - | - | |||
| Total other expenditure | 3,201 | - | - | 3,201 | 3,551 | ||
| 181,422 | - | - | 181,422 | 126,345 | |||
| Activity or programme |
Activities undertaken directly | Grant funding of activities |
Support Costs |
Total this year |
Total prior year |
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| £ | £ | £ | £ | £ | |||
| Activity 1 Activity2 |
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| Other | |||||||
| Total | |||||||
| Prior year expenditure on charitable activities can be analysed as follows: |
| Grant | ||||||
|---|---|---|---|---|---|---|
| Activity or programme |
Activities undertaken directly | funding of |
Support Costs |
Total this year |
Total prior year |
|
| activities | ||||||
| £ | £ | £ | £ | £ | ||
| Activity 1 | ||||||
| Activity2 | ||||||
| Other | ||||||
| Total | ||||||
| Prior year expenditure on charitable activities | ||||||
| can be analysed as follows: |
Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)
CC17a (Excel)
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8
Section C Notes to the accounts
Note 10 Details of certain items of expenditure
10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
| Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees |
This year £ |
Last year £ |
|---|---|---|
| 500 | 800 | |
| 0 | 0 |
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Section C Notes to the accounts (cont)
Note 11 Paid employees Please complete this note if the charity has any employees. 11.1 Staff Costs
| Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) |
This year £ |
Last year £ |
|---|---|---|
| 31,773 | 16,016 | |
| 11,374 | 3,039 | |
| 3,000 | 3,000 | |
| - | - | |
| 46,147 | 22,055 |
Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
No employees received employee benefits (excluding employer True pension costs) for the reporting period of more than £60,000
| Band | Number of employees |
|---|---|
| £60,000 to £69,999 | |
| £70,000 to £79,999 | |
| £80,000 to £89,999 | |
| £90,000 to £99,999 | |
| £100,000 to £109,999 | |
Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity
| This year Last year Number Number Fundraising - - Charitable Activities - - Governance - - Other - - Total- - The extent of redundancy funding at the balance sheet date Please state the amount of the payment (or value of any waiver of a right to an asset) The nature of the payment (cash, asset etc.) Please complete if any redundancy or termination payment is made in the period. The parts of the charity in which the employees work Total amount of payment Please state the accounting policy for any redundancy or termination payments 11.3 Ex-gratia payments to employees and others (excluding trustees) Please explain the nature of the payment 11.2 Average head count in the year Please state the legal authority or reason for making the payment Please complete if an ex-gratia payment is made. 11.4 Redundancy payments |
This year Number |
Last year Number |
|
|---|---|---|---|
| Fundraising | - | - | |
| Charitable Activities | - | - | |
| Governance | - | - | |
| Other | - | - | |
| - | - | ||
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Section C Notes to the accounts (cont)
Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.
12.1 Please complete this note if a defined contribution pension scheme is operated.
Amount of contributions recognised in 3000 the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.
12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.
Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity
12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan
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Section C Notes to the accounts (cont)
Note 13 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.
13.1 Analysis of grants paid (included in cost of charitable activities)
| Analysis | Grants to institutions |
Grants to individuals |
Support costs | Total |
|---|---|---|---|---|
| Activityorproject 1 | 7119 | £ | £ | |
| Activityorproject 2 | - | - | ||
| Activityorproject 3 | - | - | ||
| Activityorproject 4 | - | - | ||
| Total | - | - | - | - |
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.2 Grants made to institutions
| 13.2 Grants made to institutions | ||
|---|---|---|
| My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. |
Yes | Please provide details of charity's URL. |
| No | Provide details below |
| Names of institution | Purpose | Total amount of grantspaid £ |
|---|---|---|
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| TOTAL GRANTS PAID Other unanalysed grants Total grants to institutions in reporting period |
- | |
| - | ||
| - |
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Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation
| 14.1 Cost or valuation | n | |||||
|---|---|---|---|---|---|---|
| Freehold land & buildings Computers Equipment £ £ At the beginning of the year - - Additions - - Revaluations - - Disposals - - Transfers - - At end of the year - - Basis* SL or RB SL or RB Rate At beginning of the year - - Disposals - - Depreciation - - Impairment - - Transfers - - At end of the year - - Net book value at the beginning of the year - - Net book value at the end of the year - - 14.4 Impairment 14.5 Revaluation the name of independent valuer, if applicable the carrying amount that would have been recognised had the assets been carried under the cost model. (i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. the methods applied and significant assumptions Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. If an accounting policy of revaluation is adopted, plea the effective date of the revaluation 14.3 Net book value 14.2 Depreciation and impairments 14.6 Other disclosures (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.* |
Freehold land & buildings £ |
Computers Equipment £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Total £ |
|
| - | - | 6,030 | 2,178 | 8,208 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | 6,030 | 2,178 | 8,208 | ||
| SL or RB | SL or RB | SL or RB | SL or RB | SL or RB | Straight Line ("SL") or Reducing Balance ("RB") |
|
| 33% | 25% | |||||
| - | - | 2,010 | 741 | 2,751 | ||
| - | - | - | - | - | ||
| - | - | 1,960 | 741 | 2,701 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | 3,970 | 1,482 | 5,452 | ||
| 4,020 1,437 5,457 2,060 696 2,756 seprovide: |
||||||
| - | - | 4,020 | 1,437 | 5,457 | ||
| - | - | 2,060 | 696 | 2,756 | ||
-
The "transfers" row is for movements between fixed asset categories.
-
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB =
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Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Please complete this note if the charity has any debtors or prepayments. Note 19 Debtors and prepayments |
||
|---|---|---|
| 19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total |
This year £ |
Last year £ |
| - | - | |
| - | - | |
| - | 350 | |
| - | 350 |
Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.
19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)
| Prepayments and accrued income Other debtors Total Trade debtors |
This year £ |
Last year £ |
|---|---|---|
| - | - | |
| 54,589 | 60,518 | |
| 45,000 | - | |
| - | - | |
| 99,589 | 60,518 |
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Section C Notes to the accounts (cont
Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other - Paypal Total
| This year £ |
Last year £ |
|---|---|
| - | - |
| - | - |
| 79,928 | 85,138 |
| - | - |
| 79,928 | 85,138 |
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF:
GLORY INTERNATIONAL CHRISTIAN CENTRE (Charity No: 1126828)
We have examined and reported on the accounts of GLORY INTERNATIONAL CHRISTIAN CENTRE for the year ended 31 December 2023 which are set out on pages 2 to 3.
-
Respective responsibilities of The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees and examiner 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:
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examine the accounts under section 43 of the 1993 Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and
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to state whether particular matters have come to my attention.
Basis of independent My examination was carried out in accordance with general Directions given by the Charity examiner’s statement Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's
In connection with my examination, no matter has come to my attention:
statement
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act
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have not been met ; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
==> picture [109 x 31] intentionally omitted <==
Sign: ...
............. Date:.14/06/2024..............
Name: . Charles Owusu-Ansah (FCCA)
Professional Body: Chartered Certified Accountants