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2023-12-31-accounts

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:

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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...

Page (a)

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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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2

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)

The charity constitutes a public benefit entity as defined by ✓ FRS 102.*

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.
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
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
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
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
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
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
£ £ £ £ £
Activity 1
Activity2
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)

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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

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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.

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

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 41 of the 1993 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act

  4. have not been met ; or

  5. 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