GLORIOUS MINISTRIES FOR ALL NATIONS Charl No: 1143477 TRUSTEES, REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2023 PRIME & CO ACCOUNTANTS & MANAGEMENT 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 Balance Sheet Notes to the Accounts 7t09
GLORIOUS MINISTRIES FOR ALL NATIONS Charit Det ils and Tr stees Charl 1143477 Rev Augustine Nosaye Mrs G. Davis Mr Phillipe Ibe Bunmi Kuye Secreta red Offl 901 Longbridge Road Dagenham RM8 2BU. Accountants Prime & Co (Actountants & Management Consultants) 64 Willoughby Lane London N170SP Banke Barclays Bank PIC
GLORIOUS MINISTRIES FOR ALL NATIONS Trustees, Re rt for the ear ended 31 December 2023 The TN5tse$ are de1Jh¢e lo sut¥nit their report and ants tsr thear ended 31 Ccemtw2023 The Financial statements have been prered in accordance th the accounting policies tOut on page5 7 and 8 and comptywith the Slaternent of RecomrTEnded Pra¢ ISORP20051. and ariy applicab law. The TNstees named on page 1 ha% Sefftd throughouttsE>ar. Amoinbn8nt 0fTW0$ 15 gtsverned by th• Trust Deed ofthe charity. The Boa of Trustees i% authorised to appoint rAfTrusl888 toffill vacan¢x$ arising through resvJnatK)n or death of an es"rj TIusie8. Inve8tm•nt Powefs The Trustée$ have the authoty bestfftd on them by IheTn¢t DJ to make hobj investmerts using the ¢harity's fund. iJt no such investmant are wesentty h&J. ConstitLrtlon. ObJectl¥ and Proncrpal AcUvlt•tis The objective$ and prinupal actiwties lo premote Ihe Chrtslian faith Ihrough 1hP1 and "b Stud5 and oL8o lo assi8t iual$ and young people through". the prov of rECTr8tional and Bur tirne actNrts provti1ed in in the interest of Soal desvjned to impro¥8 their conditions of lrfe. pro¥de $uppJrt aThJ whh heb to develop their skills, caparth$ and capabilthsto enabk Ihern to parfxe In sooety as mature and r8spon$ib individuals te acts a5 a resour for ycung peopk to Ihe agp of 19. In London Ihe that1th aims10 provJe adwce and a551stan and organising progr8mme5 of physKal educatJn athl olheradivitEs. We aim lo restore farnity valu8s and charyt INe5 through Yekty sermrw and le1rY4 on Sunday morniThJs and Bib Study and Pr8r meetiThJs. Oevelopmrt actlvltlgs and achl•v•merts In yoor The Trustees are pleased to report that the charitywas successfvl in helping someof ouryoung peop in the year under revw. Trai5 provkling nec8S8ary trwnry in dthnlareas of usefulness to young FOP. Young peop %%P encourage to partpate in dramas. Risk ManaoBrnent The Trustees have assessed the rnar rfsksto which thecharity isexposed. particutsrlythose relatin8 to the operation and finance and are satisfied with the risk managemert 5y5tems In place to mgate any rlsk exposure. Future Dev?lopmtnts The Trustee$ aims lo Incre the arth85 olthe Charityjear in TOuL The Trustee5 seek to Èxtend these artmbes and are pursuing a numberof pro8rammesto Ènable thisto happen. The charity will continue to fcths ItsactillestO meet its setobieai¥es.
GLORI US MINISTRIES FOR AL NATION ustees, Re ort for the ear ended 31 December 202 Po14Gy is the Chwtyto mwnl&n untBslricW ata lo£J)ber managerrni and adMI$abO and 8UPKvIcc6ts. Unrtsbirtsj fwxts We ¢¢ thrh0 th?ar. Thecharrfties Act requifE5 the Trustee5to preparefinancial statsmentsforeach fiThaWialaTIvhXth gi¥e5 true and fair viewof the nate ofaffaw5ofthe charityafftl ofthe surwus or dekn atthe end ofthe year. In preparin8thefinancial Statrnty theTw5tees arÈwuired to.. Select suitab aicount1ngptslKsan0 apptyfthem ¢ofi5tenty. Makejud8mentsanO estimatesthata reasonable and prudent.. s¢ate whethÈrapplicable •¢couniin8 #andard5and ststements OfMrrenoed praaKe been followed. subject to anydepartures di5chsed3th1 exptained in thefinanoal stateffents.. Preparethefinancial 5tateffntson agoing COnM basis rLiS inappropri3teto pres rhat the chartywll contknue in I>u5U5 TreTruseS3re resn9bfof keepIngatCLn)ng records whth dithewith reasonble accur3cyat anv time thefinancial Position of the ¢harityand to enable the Chaiityto ensurethatthEflnancial 51atementscory with the CharitiesA¢t$ 1993. Thry 3rÈalso re5PDnb1e fof safarding the assetsof the tharityand hencÈtakw¥ rea5thblE 5tepsforthE preventK)n and detertn of fraud and orher lffe8uLiri. T18 repgrtwas apD¥th BLHd CrtTntst w ts1t._..¥./4$l thar beIty. Rev AuOUSline Nosaye TtU5t¢e
GLORIOUS MINISTRIES FOR ALL NATIONS Inde nd•nt Examin•rf8 Re rt to the Tr1¢08 an Gloriou$ Ministrie For All Nati We rèport on th finanrial statements of Ihe Charity for Ihe year 31 Dec8mber 2023 which are set out below. and notes to the financial 5taternents on pa8es 7 to 9. nslbil- Tru$ Exami As the Trustees, you are responsible for the preparation of the accounts.. vou consider that an audit is not required forthis year l undersection 43121 of the Charity Act 1993 (the Artl and that indewdent examination is needl. It is our responsibility to.. examirE the acrx)unt under Wbon 43(3M81 ofthe Art to follow the procedures laid down in the General Direttions given bythe Charity Cornmi5sion (under Section 43171 Ibl of the Act.. and to state whether particular matters have come to our attention. l ol Inde nt Examin R• Our examination was carried out in accordance with the General Directions 84ven by the Charity Cornrnissioner5. An examination includes review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. also includes consKl6rab"on of any unusual items ordiscknuras in the acccMJnts and, seekt'rvj explanati¢xB from you as the Trustees concernsn8 any such Matters. The procedures undertaken do not provide all the evidence that would be required in an audtt and consequentty we do not express an audit opinion on the view 8iven by the accounts. Ind nd•nt E In•f• Sts •nt In accordance with the examination. no matter has come to our attention- vthich gives us reason8bL8 cause to belwe that in any material respect th*ts r4uir8ments to keep accounts'ry records in aox)rdaE Wrth section 4101 b)e Art and to prepare accounts which agree with the accounting records and to cornpty wtth the accounting requirements of the Act have FK)t been met or to which. in our optnion. attention should be drawn in orderto enable a proper understanding of the accounts to be reached. 21 Name: Evan5 Ohonba- MAAT Si8nature...................................-................
GLORIOUS MINISTRIES FOR ALL NATIONS TATEM NTOFFI NCIAL DED3fD EMBER Notes Fty¥J 2023 FuThl 2022 Fund 2022 2023 IPICOMING RESOURCES Olfering5. tythes. dDnaty. grfts Total In¢omlng 23,386 23.486 io.( lo. 18.998 18.998 RESOURCES EXPENDED: charltrA* Eynditwe 4.752 20.499 Toial Rwouv¢•& Expend•d 22.195 4.752 20.499 Net Movement in Funds FurKts brtyJghtftsKprd Totsl Fund5Carried Forward 5.248 -1.501 -50.075 -5L576 -51.576 5.248 Statement of Financial Activities.
GLORIOUS MINISTRIES FOR ALL NATIONS LANC EET A ST DEC 2023 2023 2022 2022 NOTES FIX SE Tangible Fixed Assets 456 456 RRENT Prepayment accrued incc Bank & Cash 5.248 5,248 289 Credltoys: (Amounts f•llin9 due wlthln on•. Crediters & Ac¢yu8ls Acwals & defered incom& 750 7C¥) 750 -114 -50.271 Net ¢urFEnl AsSeWILiabilrtl LONG-TERM LOAN 411 -51,621 Total Assets Less Uabilities 5.248 -51,576 ACCUMULATED FUNO sU1s or defKit for thè year Fund5 BIF%%*1 Total Funds Carried Forward 1.191 -51.576 -50,385 5.248 -1.501 -50.075 -51.576 5.248 Approved byihe Board of Tru5t88S and sigth1 on Ihetr behamty. Rev. Augustine Nosa Trustee Me On...
GLORIOUS MINISTRIES FOR ALL NATIONS to the Fin ncial Statem countin P Ilcies Princlpal ac¢ountlng polic1•6 The financial statement have baèn prepa urKJer the historical cost tA)nvention and in accord8n ith the Ststement of R8comrnendJ practi ISORP 2LI)51, applKabk ac£ounts"r@ Stsndards and the Charitses Act 1993. Charty has taken advantsge ofthe exemption In the Finanual Reporbng SiaThJaid from the requirement to produce a ca5hflow ststement on the ground that it qualiftes as small charity. tfor ron 2023 Flxed a•ts ond d•prpciatlon Tangible fixed assets for the year by thè Cr[ty a staw at cost ths depreo8b"on. written off on a str8i9ht line bas15. DepwAab"on is provJed at rates rakJJLattd to lte off fv ¢))st orv8luabon of f1 assets". Fumiture, Frtb"ng & Equipment 20% Ineomlng R¢sour¢e These ar8 In¢ome from GTrnts. dOnaln$. gilts etc Chayltable Tr4dlng Incorn• There is no incorne gener3ted from any Charttable trading durin8 this period. 1A Taxation Th8 charty has r1ved charrt exwwtion unty Secon 505 of the and Corporation Ta•8 Act 1998. V l Add8dT Value Added Tax is not reCoVerate by the Charity and a5 such included in the rtrVant cost In Statement of Finaal Acvrts. Expondltur• ExpeThJiture i8 indudthj in the finarA81 ststwn8nt on an ac(Jual basis. Oft•ring$, tlth•s. donatlons gifts •tc. Offerings, tFthe5, donth"on5 gifts etc rl¥ab for Ihe gereral pttrpose ofthè Chanty are ¢dited to the Statèment ol Finan(ial Actrvttsas ISOFAI in th8 year they are r1ved.
GLORIOUS MINISTRIES FOR ALL NATIONS to th Financrdl S ents lor 31 r 2023 R• urcgs Ex Resources expended I[Ude those Chantab eypeThJiture whKh ara those costs IntAJrred by the charity in the deliverance of its activities and services for rts beneficiarie5. It indudes both costs that can bè allocated dira¢ to suc ath"vrbes arKI those ry)sts of an indir8Lt natyre n8CWry to s)t thwn. Aeeou Unr•strlctod Gengral Fund- comwising Funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Unfèstri Funds 23 um und Fun& 2023 Fund5 2022 Funds 2022 Fixed Assets Current Ass8ts Current liabilitvds LtsThJ-t¢rni thbilrty 456 456 289 71JO 51,621 51,576 5.248 750 50.271 50.385 5.248 Rg8trlGted Fund$. Restrictad fvnds a IuFkls can On be used for the speafic purpose as18 out by the donor. Expenditu whth meets this utrion is hlenbfi*Y to the furxl. together v fair allocation of o¥erheads cost Trre no reStrted funds during thè year. FIXED Fumrture Frtb"ngs & Equiprrent Cost: 1st January 2023 Addrtions 3111212022 7.750 7,750 DeprlatIon. At 1 January 2023 Charge for the year At 31 December 2023 7.294 N•t Book Valuo At 31 Drn•r 2023 456
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Accountancy fees Acwals & 08ferred incc¥ne 750 750
GLORIOUS MINISTRIES FOR ALL NATIONS Notss to tho Flnancial Statoments for the year ended 31 D•¢•mber 2023 ETAILED I COME AN XPENDI YEAR ENDED 1 DECEMBER 2023 RE ACC NTFORT Unrestricled Restrieted Unrestri¢ted Restricted Fund Fund Fund Fund 31.12.23 31.12.23 31.12.22 31.12.22 cofflin Offerings. tithes, donations , gffts elc Total incoming resources 23.386 23,386 10.0 10.000 18.998 18,998 ources E nded harilable Ex ndilure Rent Visiting Pastor Alowance Ansvar- Insurance Scheme Mission Youth Program Staff Admin I Project C(pordination Evangelism Cosllincl. posters & fiyer51 Materials and CleaniThJ Feeding & entertainment Petrol & Motor Expenses Printing, postage. stationery Trainers fee Heating & Lighting usician Bank Charges Repairs & Maintenan Gift & Donations lin¢l. patient costl Telephones, Fax & Intèrnet Transport & Travelling Accountancv Consuttancy fees Interest on Bank Loan Equipment Expensed Depreciation 4.888 605 229 3,549 3.155 525 187 2,804 279 4.752 3,023 2,225 1.163 283 103 340 600 309 215 297 153 2,112 1,036 110 220 125 400 227 596 218 296 255 478 539 5(MJ 955 5CKI 1.233 533 1.281 1.550 20.499 22.195 4.752 Net Incoming Resourw6 For The Year Fund Balance BIF FurKI Balance CIF 1,191 151,5761 150.3851 5,248 11,5011 150,0751 151,5761 5.248