GLORIOUS MINISTRIES FOR ALL NATIONS Charit No: 1143477 TRUSTEES, REPORT AND FINANCIAL STATEMENTS 31 DECEMBER 2025 PRIMF. & CO AnCOUNTANTS & MANAiiEMENT CONSULTAN"rs 64 WILLOUGHBY LANF LONDON N17 0,8P
GLORIOUS MINISTRIES FOR ALL NATIONS CONTENTS PAGE Charity details l Trustees and Advisers Trustees Report 2&3 Independent Examiner Report Statement of Financial ACtirtieS Balance Sheet Notes to the Accounts 7t09
GLORIOUS MINISTRIES FOR ALL NATIONS Charit Details and Trustees Charl 1143477 Trustees Rev Augustine Nosaye Mrs G. Davis Mr Phillipe Ibe Rev. Kevin Ogbonna Edeh Secreta Re istered Office Flat 22 Fleetheld House Birken Head Street VIC1H 8BP Accountant¥ Prime & Co (Accountants & Management Consultants} 64 Willoughby Lane London N170SP Bankers Barclays Bank PIC
GLORIOUS MINISTRIES FOR ALL NATIONS Trustees, Re rt for the ear ended 31 Dember 2025 The Trustees are delighlgd lo subrnrt their report and a(xounts forthe or ende(131 Dermber2025 Thè Financial siaiements have been prepared in accordance with the accounting policies Set out on pages 7 and 8 alld compty With the Slaiemenl of Recomrnended PractLse ISORP20051, and any applicable la. Trustees The Trustees named on page I have seryed throwheul It year. Atwinknent of Trustees LS governed by the Trusi Deed of the charrty The 8oard ofTtuslees is aulhorised to apwinl nt Twstees lo fiN vacantie5 arising through re51gnalion tr death of an existing Trusiee. Investment Powers The Trustee5 have the aulhonty b8slowJ on thern by the Trust Deed to make and hohl inve5trneni$ using the charrty's funtl, bul no such inve51rneni are presentty hebj. Constitution, Obj'ective5 and Princip81 ActNit5 Th& objectives and prillopal actwities are to promote the Chnslian faith through worshipping and Bible $ludws and a150 10 3551st Individuals and young peop through Ihe prOvn of recreatKJnal and lsUre time activrties provKled in in the Inieresi of 50aal weware designed lo Improve their condition5 of life. provde Support actMlie5 which help to develop their skills. capaolies and capabilrttsto enab them lo pattiopate In society as mature and responsible indiwiduaLs lo aa5 a5 8 SOUrce foi young people lo Ihe age of 19 In LoThJon the charitres aims to provide advice and a551slanTr and organising prLpJf8mme5 of physical education and other actwities. We aim lo rÈ51ore family valws and change lives Ihrough weekty serrnofis arkd te8thing on Sunday mornmg$ and weekty Bible Study and Prayer meetings De¥trlopm8llt, a¢bvltle5 and a¢h1ments in thÈ year The Trustees are pleased to report thar the charity was successful Iii helpinÈ 50rne of our young people In the yeai under review Trainers piovidin9 necessary training In different areas of usefulne551o young peopk. Young people were encourage lo partpate In drama$ Rlsk Management The Trustees have assessed the Tnajor risk5 towhich the Charity is exposed. parti£ularfythose relating to the operation and finance and a satisfied with the risk management Systems in place to mitigate anyiisk exposure. Future Developmfynts The frusiee5 aims lo Increase the activit$ of th? Charity year In year out. The Trustees sepk to extend these artivilie5 and are pu¥suin¥ a numberof proyamme5 toenable this to happen. The charity Will continue io fixus its acti¥Aties to meetsts set objecrives.
GLORIOUS MINISTRIES FOR ALL NATIONS Trustees, Re ort for the ear ended 31 December 2025 ReseTho Policy 111$ Ihe Oi¢y ollhe Charity to m¥ifjlain unrestrcted at a leyd Ewovpdes suffiuer4 ffiJnds to ¢y)ver management and administrau suprtst Costs. UeStn¢tJ1 knd5 expecbj to te m•ntanal al a Ihroughwi Ihtr year. tem The charItSA(1 requiresthe Trusiees tD prepare finantial statements foreath financialyearwhichgNesa true and fairviewof the state otaffaiT5 01 the char3d of the surplusordÈficit at theend olthe Year. In preparin8 thefinancial statements, the TrustEes are reqviredto-. 5electsuitable atcouniing p$and apptyihem consisiehtty.. Makejudgments and estimalesthat are reasonab and prudefjt-. Statewhether applicab accouniing Standards and st•iernenis ol10MMended pr3rtefvave bn followed. subieci to any departures disck)5ed andexplaineo in the financial statemeDts-. Prepare the finanti31 siatemenis on 3 8thng concern basis unless It inawoproto presume that the charitywill continue in tsynes5. The Trustee5 are TespDnsible lor keeping 3tt0untin8 recordswhhIscknÈ with ieasonble Jccvrxy at •nv lime the financial pOsitTr of the charityand to enabletthechatttyto ensure thaithe finanaal SEatementscompty with the CharitiesActs 1993. They are 315D responsible forsafe8vardin8 thEa55etso1 Ihecharityand hence1anE reasonable 5tepsfor the prevention and deiection ol fraud and OlheT irre8ukrrtie rhis reportWES 8Pkwoved by the Brwd ofTrustees lhe... .. xI on th•r haNb. Rev Awu$ii Tru51e6
GLORIOUS MINISTRIES FOR ALL NATIONS Inde endent Examiner'$ Re ort to the Trust Glorious Ministries For All NatlOll5. es and Member5 of We report on the financial staternents of the Charty for the year en(Jed 31 December 2025 which are sei out below, and note5 to the financial staietnents on pa8es 7 to 9. Res 8-tive Re$ onsibili $ of Trustees and Examlner As rhe Trustees. you are responsible for Ihe preparation ol rhe accounts-, vou consider that an audit is not required for thi5 year l under section 43121 of the Charity Act 1993 Ithe Act) and that independent examination is needed. examine the account dnder sectson 4313Mal of the Art to follow the procedure513id down in the General Directions 8iver. by the Charity Commission (under section 43171 Ibl of the Act.. and to state whether particular matter5 have come to our atEention. Ba818 Qf Inde end nt Examine$ Re ort Our examination was carried out in 8ccordance with the Gerieral Directions given by the Charity Commissioners. An examination includes review of rhe èccouniing record5 kepi by the Trustees and a iomparison ol tho accounts pre5enied with those records. It also includes consideration of any unusual Items or disdosures In Ihe accounts aYKI. seeknng explanations from you as the Trustees concerniftg any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and conseouently we 00 not express an audit opinion on the view given by the accounts. Inde ndent Exarninees Stat•rnent In accordance with the examination, no matter has come to our attention.. which gives us reasonab cause to beIVe that in any rnaterial respect that the r4uirernents to koep accountsng records In accordan with section 41 of the Act". and to prepare acr.ounrs which agree with the accounting record5 and to comply with the accounting reouiiements of the Act have not been met or to which, in our opinion. attention Should be drawn in order to enable a proper under5tandinE of the accounts to be reached. Name.. Evbns Ohonba,. MAAT Signature...................
GLORIOUS MINISTRIES FOR ALL NATIONS STATEMENT F FINANCIAL ACTIWTIES FOR THE YEAR ÉNDED 31 DECEMBER 2025 stn tthied UnTt5trithL£Ègd Fund Fund Fund Z024 Z024 Note5 Fund 2025 INCOMING RESOURCES Offerings. Iiknes. donations, gifts etc Total Incomln9 Re¥0¥ 29.740 29.740 28.665 28.665 RESOURCES EXPENDED= Chantsble Exrendilure 26.579 23.925 3.1Tr) Totsl Rp$our¢•8 Exknd•d 26.579 23.92S 3.1 Net Movemeni in Funds Funds brought fcwatd Total Fvnds Carried Forwaid 3.161 -45.645 -42.484 4.740 -50.385 45.64S -3.1 5.248 2.148 2,14B 1,648 There were no recognised gains u knsses fOrthe olherthan IhrEe inc&Jded in
GLORIOUS MINISTRIES FOR ALL NATIONS Unrestrict 202S restrtcted Restricted 2024 2024 BALANCE SHEET AT T DECEMBER 2025 2Q25 NOTES FIXED ASSET Tangible Fixed A55ets 1,929 1,856 RENT ASSETS Prepayment and accrued income Bank & Cash 137 137 Cr8dltors.' IAmounts lalling due within ore yearl.. Creditors & Ac¢fual$ Awua15 & defered Income 5LKI 450 5LJJ 406 42,359 450 -312 45,040 Nel CUTrenl A55etsllLiabililiesl LONG-TERM LOAN Totsl Assets Le55 &bIlItIeS 40,836 43.497 ACCUMULATED FUND Surply$ ordeficitforlhe year Funds Bffiwd Tot31 FJnd5 Carried Forward 3.161 -45.645 42.484 15fMII 2.148 1.648 4,740 -50.385 45.645 13.1001 5,248 2.148 Approved by the Board of frustees and suned on their behalf by Rev Augus Ine ND3a Trustee Ivlefflb
GLORIOUS MINISTRIES FOR ALL NATIONS Notes to the Financial Statemen Accountin Policies Principal accounty"n9 poll¢l•s The financial ststement have been prepared iindei the historical cost convention and in accordan with the Statement ol Recommended Practice ISORP 20051. applicable accounting stsndards and the Charities Act 1993. The Chanty h8s taken advantage of the exemption in the Finanaal Reporb'ng Stsndard from the requirernent to produce a cashflow statement Gn the ground that it Qualifies as small charity. nd•d 31 December 2025 Fixed a899ts and 4eprclaifjon Tangible fixed assels foi the year by the Charty are skted at cost less depreaalon. 1ftell off on a straight line basis. Depreryaiion Is provided at rates calculated to te off the rx)sl or valuatK)n of fixed assets". Furniture. Fitting & Equipment Incoming Resources These are IrKome from Grants, donations. gifts aid et Charitable Tradin9 Income Thefe is no income generated from any Charitable trading during this period. Taxation The chanty has receivad charitable exempb'on under on 505 of the Ine and Corporation Taxes Act 1998 Value Added Tax VAT Volue Added Tax Is not recoverable by the Chaiity and a5 such noi included in the levanl c05t In the Statement of Finanryal Activits. Expendlture Eypenditure Is included in the financial statement on an accrual basis. Offering$. tithes, donationsb gifts etc. Offerings, tsthe5. donatsons gifts etc reC&Vab for the gerra1 purpose of the Charity are ¢dited to the St8temenl of Finanrial ActivitEs ISOFAI in the )Ear they are received
GLORIOUS MINISTRIES FOR ALL NATIONS Notes to the Flnanclal Ststemon18 for tho èar ended 31 De¢èmb¢r 2025 Resources Ex nded Resour5 expended Include those charrtable expenditure which are those costs incurred by rhe charily ift rhe deliverance of its activities ènd servile5 lor its beneficiaries. It Indudes both costs that G3n be albcAted diredty to su¢h a¢b"vites and those cost5 of an indirect natu necessary to support thern. Funds Accountfjn Unrestrlcted General Fund- comprising Fund5 which can be used in accordance with the charitable objecrs at the dixreiion of the TrustÈe5. unstrIct•d Restricted Unrestricter R¢$tri¢te Funds Funds Funds Fund5 2025 2025 2024 20Z4 umma of Assets b Fund Fixed Assets Cuent Assets CUntIl?lIIt1es Long-tem Liablity J.929 94 15001 142 3591 140,8361 1.856 137 14501 145.0401 143,4971 2.148 1.648 2,148 Restricted Funds. Re51ricted funds are fund5 which can only be used foi the specific Purpose as laKI out by the donor Expenditu which tneets th15 crrtenon Is Identified lo fund. together with a fair allocatson of ovetheads cost. There were no restncied fund5 dunng the year FIXED ASSETS Fumitur8 Fitbngs & Equipment Cost-. 1st January 2025 Additions 3V1212025 9,5 2.466 11,966 D¢pre¢iation- At l January 2025 Charge for the year At 31 Derer 2025 2,393 10.037 Net Book Value At 31 December 2025 1.929 Creditorn and Accru Accountancy fees Accruals & Defefred inci*ne s¢J) 5(Kl
GLORIOUS MINISTRIES FOR ALL NATIONS Notes to the Financial Stslements for thè year ended 31 December 2025 DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrèslricted Fund 31.12.25 Restricted Fund 31.12.25 Unrestricted Restricted Fund Fund 31.1224 31 12.24 Inc min 50urcè Offerings. tithes, donations . gifts etc Total incoming resourTrs 29.740 29,740 28,665 28,665 Resources Ex ended Charitable Ex enditure Rent Visiting Pastor Alowan¢e An5var- Insurance Scheme Mission Youth Program Staff Adfflin / Project CIFordination Evangelism Costlin¢l. posters & flyers) Malenals and Cleaning Feeding & entertainment Petrol & Motor Expenses Printing, postège, 5tat6onerv Training Expenses Healing & Lighting Musician Bank Charges Repairs & Maintenance Gift & Donations lincl. patient cost) Telephone5, Fax & Internet Transport & Travelling Accountancy Interest on Bank Loan Equipment Expensed Depreciation 3,505 4.244 255 402 6.723 665 10.522 500 3,100 1.634 1,026 20 2,181 636 23 2,351 1,150 311 737 196 160 205 577 573 450 1,099 258 350 23,925 1,231 663 2,124 395 947 893 74 500 1.033 2.393 26,579 500 Net Incorning Resources For The Year Fund Balance BIF Fund 8alance CIF 3.161 145.6451 142.4841 15001 2.148 1,648 4,740 150.3851 145.6451 13,1001 5,248 2,148