Registered companvs number 06513689 England and Wales Financial Statements for the year ending 28 February 2025 Fov GLORIOUS PEOPLES, CHAPEL Charity Commission - 1140897
GLORIOUS PEOPLES, CHAPEL Contents of the Financial Statements For tho year gnd•d 28 F•bruary 2025 Page Company Inform8Uon Directo. report Stslemenl of directors, Tesponsibilities Accountant5. report statement of Financial Activities Statement of Financial Position Notes to the Statement of FinancAal Activities
GLORIOUS PEOPLES. CHAPEL Company Infornialion Dlre¢tor5 Dr. Ademola Moses OLAIYA Dr. Joyce OLAIYA Madalena Ngongola Janeve Nesbeth Accountants High Gbry Associates Suite 1, Londc*7 House Thames Road Slade Green Oartford DA14SL Reglstered offlce GLORIOUS PEOPLES. CHAPEL 42 Trinity Road Aston Blrmlngham 86 6AL Roglst¢red number 06513689 Charity Commission - 1140897
GLORIOUS PEOPLES. CHAPEL The Report of the Trustees For the year ended 28 Febrnary 2025 The trustees who are also directors of the charity for the pUoSe of the Companies Acts 2006. present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees havtr adopted the provisions of the stat8ment of Recommended Practi ISORPI Accounting and Reporting by Charitie5', the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 effective 1 January 2015. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by 115 governing document, deed of trust, a1 Conste5 a limited Gompany, limited by guarantee. as defin8d by the Companies Acts 2006. Dlr¢¢tors The followng persons served as directors durlng the year.. Dr. Ademola Mos•$ OLAIYA Dr. Joyce OL41YA Madalena Ngongola Janeve Nesbeth Rlsk managèment The trustees have a duty to identify and rewew the risks lo which the charity is exposed and to ensure approprole controls are in place to provide reasonable assurance against fruad and error. The Itustees have idenlffied tho major strategic risk to which the charity is exposed to and hav8 estsblised control action lo mitigate them. Each year. risk assessment is carried out and are subj-gct to continual review and appropriate monitoring. Olrg¢tors' re$pon$lblllllgs The directors are respCS1ble for preparing the report and accounts in accordance with applicable law and regulations. Company law rèquirès th8 dirèctors to prèparè accounts for each financial year. Under that law the director5 have elected lo prepare the accounts in accordance wf(h Unite(l Kingdom Generally ACpted Accountsng Practice {United Kingdom Accounting Standards and applicab lawl. Under company18W the directors musl not approve the accounts unless they are satisfied that they give a true and fair view of the stsle of affairs of the company and of the profit or loss of the cornpany for thal period. In praparing th8s8 accounts, th8 directors ar8 required to.. select suttable accounting pc4icie5 and then apply them consistently; make judgements and estimates that are reasOnae and prudent- prepare the accoijnts on the going cCern basis unless it is inappropriate lo presum8 that the company will continLbe in business. The directors are responsible for keeping adequate accounting records that are sufficient lo show and explain the companls transadions and dIscse with reasonab accuracy at any time the financial posib.on of the company and enable them to ensure that the accourts comply wth the Companies Act 2006. They are also responsible lor safeguarding the assets of the company and hence for taking reasonable steps for the prevention and deteclk)n of fraud and other irregularities.
GLORIOUS PEOPLES. CHAPEL The Report of the Trustees For th• yèar èndod 28 Fobruary 2025 Dlsclosure of Informatlon to audltors Each person who was a director at the time ihis report was approved confimis that.. so far as he is aware, thèra is no mlèvant sudit infomi8kn.on of which the companrfs auditor is unawaré,. and he has taken all the steps that he oughl lo have taken as 8 director in order lo make hlmself aware of any relevant audit Irrformalion and to establish that the CoMpanS auditor is aware of that inforynalion. The Trustees tske all appropriate steps to moderate and manage the inevitable operational risks to which members. volunteers staff and assets of the Charity are exposed. Competence basèd training for volunteers, and monitoring of new legislative requirements are example of steps taken. Procedures for children 8nd vulnerable adults protection and for health and safely risks are in place. Furthemiore a rlsk register is to be established and updated annualty. This report was approved by the bo8rd on 18 August 2025 and signed by its order. Dr. Jo cè OLAIYA Tru$tso
GLORIOUS PEOPLES. CHAPEL Statement of Directors, Responsibilities The directors are responsible for preparing Ihe report and accounts in accordanc8 Wth applicabl8 law and regulations. Company law requirès the dirtsclors to prepare accoun15 for each financial year. Under that law the directors have elected lo prepare the accounts in accordan with United Kingdom Generally Accepted A¢¢ounling Practice (United Kingdom Accounting Stsndards and ap1¢able lawl. Under company law the directors musl not approve the accounts unless they are satisfied that they give a true and fair view of the state of affBirs of the company and of the profit or loss of the company for that period. In prèparing thèse accounts, the dir8cl¢)rs are required lo.. select surtable accounting policies and then apply them consislenlly, make judgements and estirrates that are reasonable and prudent: prepare the accounts on the going concem basis unless it is inappropriate to presume that the company wll continue in business. The directors are responsible for keeping adequate aOUntIng records that are sufficient to show and explain the ¢ompanls tranSalOnS and disclose with reasonable ac¢uracy at any time the financial position of the company and enable them lo ensure that the acc¢)unts comply wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the company and henc& for laking reasonable steps for the Prevention and detection of fraud and olher irregularities.
GLORIOUS PEOPLES. CHAPEL AGGountants' Report Report to the trustees on th• Ind•p•nd•nt •xamlnatlon of Glorlous Peoples Chapel Limited financial statem•nts for the ar •nd•d 28 Fèbrnary 2025. R•$P?1Ve responsibilities of trustees and examlner Th8 tmstees (Who are a150 the directors for the purposes of company Lawl arè responsibl8 for the preparation of the accounts. It is your duty to ènsure that GIDriOUS Peoples, Chapel has kept adequat8 accounting recoTds and prepare statutory accounts that give a true and fair view of the ass815, liabilities, and financial position of Glorious Peoples, Chapel. The charitls twstoes Consider that an audit is not required for ihis year lundor Section 144121 of the Charitles Acts 2011 and that an independent examination is requlred. Having satisfied mysew that the charity is not subject to audit under the Company law and is eligible for independent examination, it is my responslbillty lo x8mine the accounts under Section 145 of the 2011 Acts to follow the procedures laid down in the General Direction given by the Charity Commission (under Section 14515llbl of the 2011 Acts,. and - lo stat8 whether p8rticular matters have come to my attention. Basis of th• IndoAdènt examinater's report We have not been instructed to carry out an audit but a rèvièw of thè secounls of Glorious PeoFAes Chapel. Our examination was c8rrièd (xjt in accordanc8 Wth the General Directions given by the Charily Commission. An eK8min81ion includes a review of the accounting records kepl by the charity and a comparison of the accounts presented with thosè rècords. It also includes consideration of any unusual iterns or disclosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The proGedures undertaken do not provide all the evidence that would be required in an audit. and Consequent no opinion 15 given as to whether the accounts present a true and fair *iew' and the report is limited to those rnatters set out in the statements below. Ind•p•nd•nt èx8mlnerfs statement In connection with our examination. no matter hos cune to our att&ntion: 11 vthich givè rèasonable cause to believe that. in lo keep accounling rgcords in accordance with s8ctton 386 and 387 of the Ccfftpanies Act 2006 and lo prepare accoun15 which accord with the accounting rewrds, comply with the accounting requirements of Section 394 and 395 gf the Gompani&s Act 2006 and with the methods and principles of the Statement of Recc>mmended Practice.. Accounting and Reporting by Charitie5 have nol been mel.. or 2) to vthich, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts lo be reached. High. Accountan Suite 1, London House Thames Road Slade Green Dartford DA14SL ociates
GLORIOUS PEOPLES. CHAPEL Statement of Flnanclal Acllvttlas For the year ended 28 February 2025 Notes 2025 2024 Incomlng Resources Incoming resources from g8n8ratsd funds 47,036 35.225 Activibes Govèrn8nce costs {14,4951 {21.8171 13,707 16.041 Total r•soure•s •xp•nd•d 136,3121 29.748 Net incominglloutgoing) R•sourc•s 10.724 5,477 R•¢oncilialion of funds Nel irwmirylloulgoingl Resources 10,724 5.477 Nat fund ught fward 11,340 5.863 Totsl funds Caled forward 22,(ffj4 11,340
GLORIOUS PEOPLES. CHAPEL STATEMENT OF FINANCIAL POSITION As At 28 February 2025 Notes 202S 2024 Flx8d assgts Tangible assets Current assets Cash at bank and in hand 22,514 22,514 11.773.00 11,773.00 Cr*dltors'. amounts falllng du¢ wlthln y•ar 14501 433.00 Net current ass•ts 22,064 11,340.00 Total asset5 less current liabilities 22.064 11,340.00 Net assets 22.064 11.340.00 Funds Unrgstri¢tsd funds 22.064 11,340.00 Net fund5 22.064 11.340.00 The Trustees or directors are satisfied that the charty is entitled to Bxomption from the requirement to obtain an audit und8r section 477 of thè Companiès Act 2006. The members have not required the charitable company to obtain an audit in accordance with section 476 of the A¢t. The trustees aCkno¥edge their responsibilities for complying with the requirements of the Companies Act 2006 vAth respect to accounting records and the preparation of 8ccounts. And preparing the financial ststem8nts whiGh give a tru& and fair view of th¢ state of affairs of the charilabie company a5 al the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of seclion$ 394 and 395 and which otherwise comply with the requirement of the Companies Act 2006 relating lo financial slalemenls. so far as applicable lo the charity. The accounts have been prepared in accordance with the provisions in Part 15 of the Ccfflpanies A The nanCIal statements were approved by the Board of Trustees (ffl 18 August 2025 and w signed on its behalf by.. & OLAIYA Director Approved by the board M 18 August 2025
GLORIOUS PEOPLES, CHAPEL Statement of Finan¢lal Actlvltles For the year ended 28 February 2025 1 A¢countlng polldo$ 8asls of preparatlon The accounts have been prepared under the historical c05t convention and in accordance with Ihe Financial Reporting Standard lor Smaller Entities leffeth've January 20151. Depre¢latlon Depreciation has been prowded at the following r8tes in order to write off the assets over their egtimated useful liv8$. Plant and machinery Motor vehicles 20% straight line 25Vo Straight line 2 Taxation The charity is exempt from corporation tax on its charitable activiti&s. Restricted funds can only be used for Ihe particular restricted purposes Wlth the objects of th8 charity. Restrictions arise an specified by the donor or when funds is included in the notes to the financial slalements 3 Net Incomlnglloutgolngl Resources 2025 2024 This is sts18d after ¢h8rging'. Depreciation of owned fixed assets Trustèès. r•mun•ratlon and bènèflts There were no trusle8s' ramunoralM)n or financial bgnefits during the year ended 28 February 2025 and 28 F8biuary 2024. Trustees. expenses. There were no trustees, expenses pald for during tha year ended 28 Fèbruary 2025 and 28 February 2024. 4 Tanglble flxed a830ts Land and bulldlngs rnachinery etc Motor v•hlelès Total Cost At 1 Mar 2024 Additions At 28 February 2025 908 6,095 7.003 908 6,095 7,003 Dapreciatian Al 1 Mar 2024 Charye for the year At 28 February 2025 {907) 16.094) 17,001) 907 7.001 Net book value Al 28 February 2025 At 28 February 2024
GLORIOUS PEOPLES. CHAPEL Statement of Financial Activities For th• year endod 28 February 2025 6 Credltors: amounts falllng du• wlthln on• y•ar 2025 2024 Olher crediiors 450 450 433 433 7 Movement in funds Asat Nel 0110312024 Movement in Asat 2810212025 Unrestricted fund Gen&r81 fund 11,340 10.724 22.064 Net movement in funds, induded In the 8ts)ve ar8 as follows.. Incoming resources Resource5 expended Movgment In fund Unrestricted fvnd General fun 47,036 136,3121 10,724 Total funds 47,036 136,312} 10.724
GLORIOUS PEOPLES. CHAPEL Statement of Financial Activities For th& ygar endod 28 Fobruary 2025 2025 2024 Incomln9 Rosourcos Donations - Unrestricted fund 47,036 47,036 35,225.00 35,225.00 Re8ource8 expend Charitsble activities Volunteer Hire of hall Welfare 6.632 2.855 4,136 872 10.165.00 2.231.00 1.311.00 13.707 14,495 Govemanc• costs Travèls and Subsistènc8 Motor expenses Light and heat Telephone Stationery and printing Charity given Bank charges Insurance Equipmenl expenses R8pairs and maint•nanc• Depreciabon Sundry expenses Accountancy fees 1.682 5.184 28 1.309 95 4,173 2.802.00 3.518.00 361.00 1.051.00 26.DO 3.697.00 25.00 437.00 615.00 881.00 600.00 1,578.00 450.00 16.041.00 1.556 2,396 4,500 443 450 21.817.00 10