GLORIOUS MINISTRIES FOR ALL NATIONS har 1143477 TRUSTEES, REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2021 PRIME & CO ACcOUNTAs & MANAGEME CONSULTANTS 64 WILLOUGHBY LANE LONDON N17 OSP
GLORIOUS MINISTRIES FOR ALL NATIONS CONTENTS PAGE Charity details / Trustees and Advisers Trustees Report 2&3 Independent Examiner Report Statement of Financial Activities 8alance Sheet Notes to the Accounts 7t09
GLORIOUS MINISTRIES FOR ALL NATIONS Charit Details and Trijstees Cha 1143477 Trustees Rev Augustine Nosaye Mrs G. Davis Mr Phillipe Ibe Bunmi Kuye Secreta Re istered Office 22 Fleet Field House Birkenhead Street WCIH 8BP. Acc untants Prime & Co (Accountants & Management Consultants} 64 Willoughby Lane London N170SP Bank Barclays Bank PIC
GLORIOUS MINISTRIES FOR ALL NATIONS Tru tees, Re ort for the ear ended 31 December 2021 The Truste8s aro delight8d to gjbmit tw rEpyt8tKI forlhe 31 OwA)knr2U21. The Financial statements have been prepared in ac(ordarts ¥Mth the KcrwArting lICIe$set otrton pages Trust Daed d the drity. The Boartl olTriL¥eesis &JEFrI to aFwMrtrTnthesioft ¥atanciasarisiry IhrDugh revAgnab"on ordeath of an tXi5knrvJ Tr. Constrtutlon. Otye¢ts¥YJ and lindpal ACU in the IntprgSt ofstioal kn d8SKJned to ofjifè. wpwt and actmbes hdp to develop Iheir skill$. capaths and en3111 lo in 8c<tyas nWJre and r85ponsiblB Wg alm to r8slore farnltyvU0s and rr¥¥ thr(vJh t8advJ on Swthynxxr The Trustees are pleased io reportthat the charity was 5wcessful in some of ouryou Rlsk Marwg•n The Trustees have assessed the major risks to whith the Charityts EAP05ed. partiDJlathf those relatir4 to the opEratlon and finante arJ are sati5fdwith the rk in Pt0 mitqate arhv risk exposure. The Trustees seek to extend these xtl¥tbe5 and avE pursulnga numbet of pmgrarnme5 to awble thfjs to happen. The charlty will continueto fcw it5 actfvtbe5 to meet its seti)biecbb
GLORIOUS MINISTRIES FOR ALL NATIONS Trustees. R for the ar ended 31 December 2021 Ru•N• Poll¢y The CharriesAct requirE5 the Tru5teesto pWarÈfthdaStatemftrha1X]Il>hkhstsa tnje and fairview ofthe State ofaffakns the tharityand ofthe WWvsart1efKitaiendQftheYe3r. In preparirythe finanuèl ststements. theTruStresa rEquKedth.' Selettsuitable a[counti polKsand aththemttinsist•tr. Makeltsdgmentsande5Mètesth arp reasonable aThlpnthnt ¢Jl flowed. subjttoany departudChedand exp& inthefinarrfial State•. Prtyarpthe financial ststements c(vKernbn$S itf5 InapwLyiateioFfeMth thatthe charity will ¢(4nl TheTru5teesart respOnb fNketping rerord%whKh (rSe1th ra50nble ¥oJrxyat anv tifflethefinanclal W)SitK0ffthe charityand tOen6bthartYkn¢jl th&the(l 5tatem•tscomF with theCharit¥Arts 1993. prevenUonaNJ detection offvwj andother irTe8Url Trust8
GLORIOUS MINISTRIES FOR ALL NATIONS Inde endent Examlnerfs R rttotheT u$ Mlnlstrles F¢)r All Natlon5. MÈ whlch are sèt out below, and notes to the finanaal ststements on pazes 7 to 9. nslblllll•8 of T As the Trvstees. you are responstble for the preparation of the accounts: you considerthat an audit is not requtred for this year l under section 43121 of the Charity Act 1993 (the Act) and that independent examination is needed. It is our responsibility to= exarnine th8 9nt nd tt)n 4313Kal Of A¢t to follow the protedures laid down in the General Dlrections given bythe Charity Commlssion (under section 43171 Ibl of theAct,' and to state whether particular matters have come to thjrattentth. Bas1$ of Inde dent rnlrrfs R Our examination was carried out in accordan th the General DFrerth)ns gr¥en bythe Charity CommI55ioners. An examinat indude5 reviewof the actounting records kept by the Tw5tees and a comparison of the accounts presented with those records. It also indudes cDn8lderation of any untjsua ttenis or dr4)sures in the arunts èx[Aana)ns from vou as the Trustees conceming arly Suth matters. The procedures undertaken dD not prowde all the evldence that would be required in an audit and tonsequentywe do not express an audit opinlon on the view glven bythe atcounts. ndont Examlnefs S In accordance with the examination. matter has come to (yjrattention: i) whi¢h gwes u$ reaswble to tdi8ve thal in any nwIer1 resm that the rwwiiwnents to prepare accounts whith ayee wth the accounting records and to compty with the accounting req4Jirements ofthe Act have not been met or to which. in wr opinion. attention should be drawn in orderto enable a proper understanding of the accounts to be reached. Nam•: Evans Ohonba; MAAT Signature..........-...........................-...-......._.
GLORIOUS MINISTRIES FOR ALL NATIONS S FOR ThE YEAR D31 ¢X5 Fwhj Fund 2020 INCOMING RESOLIRCES offng5. tithe5. dcnabons. e 40.515 40.515 23.581 23,581 RES(KIRCE$ EXPENDED: Charitsi4è Exp8TrJits 56,745 57.418 56,745 57,41B Net Movement in Funds Funds t¥Dughtf0Thy Total Funds Carried F(wward .16230 -33A45 -50.075 .33A37 -335 5tatementof FinarKialAthiknes.
GLORIOUS MINISTRIES FOR ALL NATIONS E SHEET AS AT31ST ECEMBER 21 2021 2021 2020 2020 NOTES EO AS5 Tanwwe Flxed Assets RENT Bank & Cash 17.373 17.373 Z69 CrodlloTs.' lknrrts fawng on• T). Craditors & Alyxua Acuuals & delered irwne 3.024 3.524 Ne¢vJrrénl ASsetsllLiabAI LONG-TERM LOA -331 -51.250 13,849 Total A55ets Less knabilities -$0.075 -33.845 ACCUMULATEO FU14D SuWus or defKat lor the Fun(ts 8IFYJ Totsl Fund5 Cèrrfjed Fprward .16.230 -33.845 -50.075 -33I37 Approved bythè 208rd ofTrLOes and 5igrd on behalby. Rèv. gustine Nosas Trustse Mtrtnber
GLORIOUS MINISTRIES FOR ALL NATIONS •sto he Flnan ial Statement Accounti Poll¢ios Pdncipal ac¢ountlnq pollcbe$ 31 ih th¢ Statemwrt of Re(T PrdC ISORP 2CrfJ51. ar¢4rA& a(ziXiri staTrJards and th8 Charibes Act 1993. The Charity has 12ken thantage •xerTpkn in the ReprylirvJ Star¥j from the requlrement to produce a cashllow ststement on the ground th tt qualifie5 as small charity. 12 FIx8d aM•ts and d•cIatIon Tangib18 fixeil assets for the >par by Charity we slat•J at ¢Xt kn dew&i#tion. off on a strawjht line basLs. Furnitu. & Equipment 20% Inc•mlng R••oure• Charlt•bl• Tradln Income There is no Income generated from any Charitsble trading durin8 this period. 1A Taxation Tax8s Act 1998. Value Add#d Tax Value Added Tax 15 not recoverable by the Charity and as suth not induded in the relevant cost in the Ststsrnnt of FlnanLyal Ai*vths. EwnditurB Eynditure is in tha firwicial stat81ntrffi an act¥L1 basts. Offerfngs, tlthes. donalons. gffts OffedrrfJs. tthes, th)nations grts elc l¥able fry Ihe rAxpose ofthe Charfty aw& ¢rgdit8d to the Ststernent of FmanLyal Adiyt (SOFA) in Ihe year are recewj.
GLORIOUS MINISTRIES FOR ALL NATIONS Notes to the Finan aren b•r 2021 Resour Ex by the chaitty in the delNerance of it5 activities ènd services for its benefiaarie5. It indud8s both (¥Jsts that can ba alrKated ar¥J ttrme of Funds £eoun Unr•8trlct•d G¢n•AI Fun& comprising Funds which on be used in accordan wrth the Charitable objerts atthe discretion of theTrust Sumrn Funds Funds 2020 F(xod A8ts Current Assets Current liabilib& Long_temi Liatslity 17373 -3,024 -51,250 -50,075 -33,345 Restrtcl¢d Funds- Restricted lurKls ar8 fund8 tiic can th b8 wl forts Ss labj Cmrt ty FIXED Fumiiure Fitliros & E4LslI CosL' 1st January 2021 Additm 31112D021 7,250 At 1 January 2021 Charg8 for th& year At 31 Dernber 2021 4.294 1.450 5,744 Net Book Value At 31 0ocemb8r 2021 1,506 Croditorn and Accrual Accountancy fees ActruaL% & DeferrEd irtane
GLORIOUS MINISTRIES FOR ALL NATIONS Notss to the Financlal Ststen*nts for the yew ond•d 31 Dec•mb•r 2021 DETAILED INCO E EXPENomiRE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 UnT8stricted R8StrKAed UntriCted Re81rd FuTrJ Fund Fund Fund 31.12.21 31.1221 31.12.20 31.12.20 com Offerings. tithes, lati()s. gift5 et Totsl incoming resour 40.515 40,515 23,581 23.581 R•$ovrc•s Ex nd•d Charitable Ex r¥Jitur Renl Visitsng PastorAh)wa Anwar- Insurance Scheme Mission Staff Admin I Projg¢t Cwdint Evangelism Costlind. Materials and Cleaning Feeding & entertainr Be Wi89- Insurance Petrol, TranSrt and travd Printin& postage. stationery Trainers fee Heating & Lhti Musiaan Bank Ch Repairs & Maintenance Gift & Donatiorts {ind. patieth ¢x6t) Telephones. Fax & Internet Transport & Travelling Accountanc Consuttancy fees Interest on Bank Loan Cowd-19 Expenses Oepreclation 3.155 755 226 s,9 1.707 16.393 3,391 7.613 13.982 1.447 2.152 1,121 2.959 2,091 2.782 1.716 911 396 325 995 1579 1.015 852 296 386 652 1.215 5.175 io.& 1,250 105 1,450 56.745 1.320 57.418 Net Irbcoming Reswros Fcr The Year Fund Balanc8 B Fund Balanc8 CIF Its2301 133.8451 150,0751 133,8371 181 133,8451