GLORIOUS MINISTRIES FOR ALL NATIONS Charl 1143477 TRUSTEES, REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2024 PRIME & CO ACCOUNTANTS & ANAGEMENT CONSULTANTS 64 WILLOUGHBY LANE LONDON N17 OSP
GLORIOUS MINISTRIES FOR ALL NATIONS CONTENTS PAGE Charlty details ITru5tees and Advisers Trustees Repurt 2&3 Independent Examiner Report Statement of Financial Activities Balance Sheet Notes to the Accounts 7t09
GLORIOUS MINISTRIES FOR ALL NATIONS Charit Details and Trustee5 Cha 1143477 Trust•os Rev AUstine Nosaye Mrs G. Davks Mr Phillipe Ibe Bunmi Kuye Ist•r•d FL9122, Fle&t Fipld House Birkenhead Street Camden. London WC1H 8BP Ac¢ountants Prime & Co (Accountsnts & Management Consultants) 64 Wilk)ughby Lane London N170SP Bardays Bank Pk
GLORIOUS MINISTRIES FOR ALL NATIONS Tru5tees' Re ort for the ear ended 31 December 2024 The Financ1 Statements have been prÈparEd In xcordèntÈ wrththe aCCOuntiry polKssttOuton pays Trusts# tharity¥ fund. bJt no In¥&sbtare C¥eloprnrt and xhknm•nts In th•y TheTrnstèE5 are pleased to rÈPOrtthat the charitywa5 xKcessh¥llnhÈlpinisome ofourw>u P M•nag•nnt The Trustees havè asse55ed the major t0h thoChawityi5exp05ed. pawtyculartydw rtil01the operntion and financeand ar*satsrdtytththe rbk ¥ZeMentS•sslnPkn to rf QXPOSu¢e. Trustees 5eekto exièndthe5Eactwftles and a pur5wnz a numb¥of prty8r3rnmtO Ènab11510 happen. The charV w4lcontiwe to locus it$tr¥ ro meet its SetobJEctNe5.
GLORIOUS MINISTrIES FOR ALL NATIONS s'Re rtfor rend mber 2024 The Ch¥ities A¢t re4UKE5th¢Tn$teestoptEpaftn1n¢lsta1e1eThts1DrethflAI yearthKh liby5 trne and fawviÈwolthetste uf aflai1501the thaiityandoltho wrpkn5¢Ydefitil ltthtondof tryear. ID prep4rtntthtfi<1¥ 5totornentythernE2S¥erewWedLO." Sdect 5uitoble Kuvntingpdlae5 •ptheM{. ststtknEtherJpplot4a¢ttwTrtiryStand¥dS¥1 stltemtntsofwrnwJtd prhebe Idknwed.SybitrttDanydepartUresdfj¢bsdd exped inthtfir4ncl 5t4tornents." Prepaiethe uthsrtisvllwlttOpSurn• ÈthE 0lthethvitydtO¢fjaO1ètthItOén$Weth1tthstateentstCry withthe cwtiesA<t5 1993. They arealstsrosponsiblefors•fe4¥ththEwetsoFtrthity4nd Rtr.Auwstrffj
GLORIOUS MINISTRIES FOR ALL NATIONS gndont Éxa GlorfouB Alln 8rfs Ro ForAN Ila ortto 8 Twusto9s and Il•mber& of We report on finanaal stsments ChartyfrJriJ 31 DeLmber 2024 which are Set0 below, and notes iothe fiTr3rKial Stannts on paRes 7t09. ctlve R•s of Tru nd Ex•rnln As thÈ Trustees. you are responsible forthE preparation of thE accounts- Ju considerthat an audit 15 not required forthis year l under secbon43121 oftho Chority Act 1993 (the Act) and thai indepernlentexamination led. It15 Our responsibility to.. exarni tr)e account under seclbn 4313llal of Iheptt to folknw the proredure5 laid dovm sn the Genertl Directiws given bythE Charity Commission lunder section 43171 Ibl of the Aci., arKI tOState whetherpOrc¢fftatter5 ha¥e cometo our affenbon. of Indo nd• Inoes R• Our Èxarninètion was carried out in accordante ththe6eThera1 DirectioKen by Char6ty Commissioners. An examination inclkwJe5 re¥iewof thea£tounIi records kept by the Trustte5 and a compar)sonof accounr5 psented with those records. It also indudes nsJ8rnJon of any unusual fterns or di5d05ures in acLyJwts a1. seeknThJ eXPnatiOnS frc you as the Trust£es corKemin¢any such rnètters. The pr£ureS undertaken do not pm¥ide 11 the eTrAdente tharwould be required in an ajItarl conseqtIv do rK)texpie55an alt oplnion on the View ENen by accounts. mln• In accardance with the exominatyon, no matterha5come to ourattention.. whth gives us reasonabl2 rAu50 kn bekne Ihat any mal8rf8l respedthiitt r•4ukem8nts to kÈep 8ccounOrMJ records in acccrfdarte with Section 41 oflhe . and to prepareatcounts W1ch aRreo the accounbr4 records and to comptywrth accountin8 TeqLtirements ofthÈ have notbeen metor towhich. ITr LrOPInknn. attention VId be drawn kn derr0e3ble a propEr understsnd1of the accouThts to be reached. 21 Nim•'. E¥ansOl¥Jnba.' NWIT naEUfe.................-.-.-.....____.
GLORIOUS MINTSTRIES FOR ALL NATIONS STATEMENT FITriANCL AC E5 FOR TH Fmd Fur 28.665 28.665 23.386 23.386 10.000 10.0 13J25 3.IrK) 211y5 4.752 13.925 3.1 22.19S 4.752 Ilet 0Mn11n Fu5 4.740 45.137 40.357 L191 -5X.576 .50,385 $248 Totsl Funds Carried Farw¥d 3.ICt) StatementOfFinaktThlkn
GLORIOUS IES FOR ALL NAT ON 2024 2024 2023 2023 Tan8ible Fixed A5sety 456 CURR Bar&&C 137 137 5,148 5,248 Cr•dknrn.' IAThYwnts On). 450 -3lZ 7SO -114 -50,271 LON&TEPM LOAN Ttstal A55ets Le55 LiibS1Stles 43,497 -SO,3BS 5.148 CIMiILATED FL*4D 4.740 I3.1> S.248 2.146 1.191 -Sl.576 -50.385 Totsl Fund5 Caffkd Forwavd Trustee
GLORIOUS MINISTRIES FOR ALL NATJONS to tM Flnancii ¢our+llrk Princlpal poThc The finanoal statemoni ha beEn Prrya OrIhO histoital u)51cwsnlon aTrJ kn %CaanCe with the Sla18menl of Recomm8Thr PracbL ISORP 251. #pplrblo stand4rdx and the Charilies Ad 1993. The Chanty has taken advantsge of kne exempts.on Fancial Reporbw Slatvjatd from the requirement to PToduceara5hfiow strAtOn theywnd that itqualifies as srnall charity. Sta for tho rendod 31 D 12 Flx•d and d•pThGS Tar¥JSble fixed a55ets foll arbYtr Charty •rB sial8d at GOSt dewedabon, wrilten off on a slrahjhl thno basi5. Depreoation i provthd at ra8 cah)Aad lo wrts off thè oflfjxed assets.. Equipment 1J InGomlng R•4ouff• harkabl• Trdlng Incom• There is incoff 8ÈnÈrnted from arrycharitabtrld•n8dr1thts period. 1A TLX•t Tho Charfty has rece thArilal)leeymptiM wthrSe(kn 505 ofth8 and Corporatkjn Taxe8 Ad 199B. Addod Tax ValAdded Tax 15 not rero¥erab theChaiityanda5 not Ided in the Offvdnp. tknos. do1110. • oirerings. tithe5. donations etc receivabk for th8gral purpose ofth8 Charty arp creditèd lo tho ststsmtrnt of finanri•l Actsths ISOFA) in startry 8r8 rtEeNed.
GLORIOUS MINISTRIES FOR ALL NATIONS $ to th• Fllmnc ststemonts tor &ar•ndqd 31 9¢8mb•r Rosouros expended Indje I1 chorilable Ihos8 costs lDL7Jed by the charity in the ddi¥etsrKe of itsactNitiosand sÈNce5 for its neficiar1e$. li Indudes bolh $ts Ih•t can be diwto a¢ and thos8 Costs of 8 Accou Vnrn•trtEt•d G•n•rnl Fund.iomprisirgFLthds¥rtwchcan bÈ used 1ThcOrd3rlh the tharltablÈ obpttsai thedi%crthun olthe Trnstees. Unr•st trklod U fun Summa Fund Funds 2023 Funds 3Q23 Fixed Assets CurrEnl Assots Cutrenl kabrfioes LOWM) 456 137 14501 145.040) 143.4971 5,248 17501 {50.2711 150,3851 2.148 5,248 R8•tvkt•d Fund RestrKted fuThJs afe furKt5Yfik fAn onty be u5•J for the speofic purpose as laMI wl by the dtsnor. nI&Te whKh IT M cr}n * vJèntifi2d lo the fund. together i a falrabxatian ofoNYtheads tosLfvret6ro tho yaar. FIXED Fun? Frtbrw & EqLnt 1st January 2024 AddOn5 3111212024 7.750 1.750 D•prn¢lDllon: At 1 January 2024 Charge for th8 )ar At 31 Decembef 2024 7.294 350 N•t V• At 3108cemtser 2024 L856 Crnd Accountsncyfees Acr¥uats & C*tsrTPrt 450
GLORIOUS MINISTRIES FOR ALL NATIONS Not•s to the Flnanclal Stat¢mqnts for the year •ndBd 31 Dxembgr 2024 DAlLED INCOME ANO EXPENOITU YEAR NOED 31 DECEMBER 2024 OUNT FOR Th UtrIct R8s1ricW Unr8Strithd R8stri¢AwJ FurKI Fund Fu1 31.12.23 31.12.23 31.12.24 31.12.24 28.665 28.665 23,386 23.386 io.c(o 10,000 Total incomirvJ resour¢•s Ch Rent VisTra Paslor Ajuwar Ansvar- In5urance5cheme Mission Youth Prc#3ram Staff rnin I Propct Cwrrbnation Evangelism Costlind. poslers & IWS) Mat•ria15 znd C*anirvJ Feediry & entertainment P8tr01 & Motor Expenses printi postage. statiortery Tfainirq Eynses Heats"ThJ & LbJhtiNJ Musician Bank Charyes Repairn & Maint8narKe Grfl & Donations lind. pabent LX Telephones. Fax & Internet Transfv & Tra111v Accounta Interest on Bank Loan Equipment Eyp8nsed Depreclath)n 4.244 4.888 8,723 3.540 4,752 3,023 2,225 1.163 283 103 2.181 2.351 311 737 215 297 153 196 160 205 577 573 450 955 1.233 533 258 350 21925 3.1rMJ 22,195 4.752 Nèt Incomirg Reswrc8s For The Year FuTra 88lance BIF FuThJ Balance CIF 4.740 150.3851 145.6451 13,1Tr)1 5.248 2.148 1,191 151,5761 150,3851 5,248 5.248