Registered Chant%. lunjber :_ 1148614 THE GLORY OF GOD MINISTRY INTERNATIONAL TRUSTEES. REPORT FINANCIAL STATEMENTS FOR THE YEAR END 30 November ?023 38 Portsea Road rbllry
ERNATIONAL TRLSTEES'REPORT......................... INDEPENT)ENT EXAMtNTR'S REPORT............................................................................................................ STATEMENT OF FtNANCIAL ACTh7s...................................................................................................... BALNCE SHEET................................................................................................................................................ NOTES TO THE FIXJLNCIAL STATENs.....
ERNATIONAL Report of the Trustees The trustees wesent their report iiith the financial statements of the chariTh" the l.ear end set out in th report Principal address 38 Portsea Road Tilbun- Essex 18 SJLY Trustees During the 1.ear under relie Rei". E M AntThi: Rei" Pangani Mcnight ThipL. Dr Boniface Chimpango: Parricia Shengena and Daniel Semii'enda At the time of accounts signing: R". E M Annii: R. Pangam Mcnight Thipa: Dr Boniface Chunpango: Patricia Shengena and Dawel SemTh"enda Independent examiner - Martin MorTiSt)n & Co Ltd Lnit 43 The Coach House 66 70 Bourne Road Bexle!" Kent DA) ILU STRI CTLryiE, GOI"EILN.&NCE .INT) .}NAGE_IENT Goi"erniDg document .' The chan"ti" is c¢)ntrolled bi" its goi"erning document. a deed of trust. and constitytes an unincorporated clwitN'. Risk management: The trustees hal-e a duti" to identifi- and rei-ieTr" the n5ks to Th4ll"ch the chariti- Is exposed and to ensure appropriate controls are th place to proiide reasonable assurance aoauLSt fraud and error. Re5en-e PolicJ-: It is the poh., of the board: taknng account of the lei.el of Erants receii.able from i7rious nders: to seek each l.ear io maich thcome and expendifufe and to ai'oid accumulating a deficit: such that The GloTh, Of God "$trI. International is able to continue suCcessll1. its ii"orL ApproN"ed bN' Ord of the board of trustees and signed on its behalf . R. Pangani Mcnight Thipa Tnjstee
ERNATIONAL Independent EiamiDer'5 Report to the Trustees of The Glon- Of God IIinistn- International I report on the accounts for the N"ear end set OUT in report. Respeclii"e responsibilities of trustees and examiner . The chan"Th- s trusrees are responsible the preparation of the accounts. The chatiti" s m15tees considLY thar an audit 15 not requed for tEll"S l.ear (under Section144(-) of the Charities Act 7011 (the )01 l Act)) and tbat an ULdepelldellt exanllnats¢)n is iequwed. It is MN" iesponsibth"ti- to" - examine the accounts under Section 14) of the ?01 l Act - to folloii" the procedures laid doitn in the General DectionS gii.en b)" the CharifN" Con)mission (under Section 14i(i)(b) of the -)011 Act):. and - to state ii-hether particular n]atters hai-e come to m!" attentiorL Basis of the independent examiner's report . M!" Lxamination 117s carried oui in accordance i1.ith the Genual Directions gii.en bi" the Charitt. Conunission. An e.Yamination includes a rei"ieii' of the accounting records kept b!" the chatin- and a comparison of the accounts presented ii-ith those recoids. It also mcludes consideration of ani" unusual iten)s or dClOSure9 in the accouats and seeknng explanations from N"ou tStee$ concernjng an!" such matters. The procedures undertaken do not proTh-Ide all the ei"Idence tbat ii-ould be requed in an autht: and consequentl!" no opts]ion is gii.en as io ii"hether the accounts present a'true and fair ieii" and the ieport is lllrllted to those matters set out the 5taten]ents beloTh-. Independent e12miner's statement: In connection ii.ith mi" e_LnTIo0 no matter has come to mi" attention" lllll.ch gil-es me ieasonable cause to beh"ei"e that: an!- matenal respect: the reqUementS to keep accountmg records accordance iiith Section 130 of the 2011 Act: and to prepare accounls ii'lu"ch accord iiith the accounting recd$ aad to complN' iiith the accounting requementS of the 7011 Act hai"e not been met" or to i1""c MN" opm10 attention should be draiin m order to enable a proper underStandE of the accounts io be reached. Martin mols1)n & Co Ltd Unit 43 The Coach House. 66-70 Bourne Road BexI. Kent DA) ILL .
ERNATIONAL Recommended calegories bi" actiiih" I nrestricted funds Total Funds 2023 Total Funds 2022 Income and endowments from: Donations and legacies 25.929.(M) 2i.929.C 39.131.00 Chan"table actii-lties (joo_oo) tni"estments 46.00 46.00 Tot21 2?.97i.00 2S,975 00 38.931.00 Expenditure on: RSg funds 11.4i6.(Ki 11_4i6_00 13_i5i_50 CFLan"table actii-lties 16_609_00 16,609.00 20.187_50 liO_OO liO.I)O Tot21 2Sali.00 2S ?1* 00 33.", 43.00 Net lncomej(eenditllre) (2240.00) (2240.00) 5,188.00 Net moi-emeDt ID funds (2240.00) (2240.00) 5,188.00 Reconciliation of fund5: Total funds brought forTh7rd 18_790_00 18_?90.00 13_102_00 Tot21 funds carried forn.ard 16,050.00 16,040.00 18290.00
ERNATIONAL Recommended calegories bi" actiiih" I nrestricted funds Total Funds 2023 Total Funds 2022 Fixed assets Tangible assets 4il_OO 4il.00 2.00 Tot21 fixed assets 4il.00 4$1.00 Current assets Debtors io 2i_031_00 2i_031.00 25_031_00 Cash at bank and m hand li 10_039_00 10_039.00 12_97i_OO Total current assets 3$ 070.00 35,070.1)0 38,006.00 Creditors". amounts falling due ii-ithLn one i.ear 12 4.187.00 4.187.(M) 3.407.00 Net current aSset'abl1lltie5) 30,883.00 30,883.00 34 $99.00 Total assets less current habilitie5 31J34.00 31 J34.00 34,601.00 Creditors". amounts falljng due after one l.ear 13 lj_784_00 li_284.00 16_311_00 Tot21 net asset5 or labilities 16,0£0.00 16,OSO.I)O 18290.00 Funds of the Charih- Unrestricted funds 14 16_OiO_OO 16_OiO.00 18_290_00 Restricted income fimds 14 Endoiiinent fijnds 14 Total fund5 16,OSO.00 16,OqO.00 18290.00 The financial statements ii.ere approi.ed bN" the Board on )7-SqF_ ?024 and signed on its behalf bv: Rei" Pangani Mctught Thipa- Trustee
ERNATIONAL
ERNATIONAL l Accounting Policies 1.1 .4ccounting Policies The WC1paI aCcoUntg p0cLeS adopted bs" the CharitN". I14ll"ch ts a pubh"c benefit entiti": the preparation of the accounts are as folloiiB. Incoming resource5 All Colng resources are llLcluded on the Statement of Fllknincial Actilities ii.hen the charitv legall!, entitled to the income and the amount can be quantified Mith reasonable accura.. Resources expended Expenditure is accounted for on an accrua15 bas and ha5 been classified Ulld headE9 that aEgregate all cost related to the categoTr". 111]ere cosis cannot be drectl!" atrributed to particular headg$. the!" hai"e been allocated to actiTh-Itie5 on a basis con5tent Trith the use of resource5. Tangible red asset5 Depreciation s proTh-llled at the folloThinE aTmual rates m older to IlTlte off each asset Oi-LY it5 estllnated use1 life. Taxatio The chariti. is exempt fr(Im tsx on its clwitable actii"ities. Fund accounting Unrestricted fimds call be used in accordance the clwitabie obJ'ectii"es at the discretson of the trustees. Restncted funds can onlN" be used for particular restricted puSe5 Th"1th the objects of the chatiti". Restrtctions arise iillen specified b!" the donor or iil)en fid$ are Taed f particular restricted purposes. Furrher explanation of the nature and purpose of each fijnd is included in the notes to the fU]CIal statements. 1.2 Basls of preparation These accounts hai"e been prepared under the htorIcaL cost coni"eatioo as modthed bN" the inclusion of cILantable properties and fLxed asset ini"estrnents and ini"estsnent prope$ at 171uation. These accounts hai"e been prepared m accordance Thith ""AccoUnt and Report bN" Chan"ties" Statement of Recon)mended Practice applicable to chanttes prepanng their accounts accordance iiith the Financial RepOrtg Standard apphcable the and Repubhc of Ireland (FRS 10?):" (effectii"e l Januars. 7019) - (Clwities SORP (FRS 10))): tbe FInancL Reportmg Standard apphcable the and Repubhc of tfeland (FRS Ioj) and the Charitses Act 101 I These accounts are presented in pounds sterljng and rounded to the nearest pound.
ERNATIONAL 1.3 Going concern The Trustees hai"e prepared financthl ptojethon5: taktho t0 consideratton the cutrent econonllc conditions and hai"e. at the tune of approi.iog these account5: a Teasonable expectation thar the charirn" has adequate resources to COntUe operational eustence for the foreseeable tuture. Thus theN" contmue to adopt the gomg concern basis of accounting th preparing the accounts. 1.4 Income from donatlons or grants Income from donations and allt$ is recognised iithen the chariTh" is entttled to the fijnds: the receipt is probable and the amount can be measured reh"abh.. For donations: 15 usuallN" on rece4)t. For rnts: thi.s is Usualli. ii.hen a fonnal o er LS made m iiTlting. If a donation or grant contains terms and condilions outside of the clwity" s control iitu.ch must be meT before the chafits" is entiTled to the fid$. or rfthe donor specifies that the funds must be used future tllne periods: then the Come is defeffed.
ERNATIONAL 2 Income from Donations and Legacies I nrestricted Restricted funds income funds Endolent Total funds nds 2023 Total funds 2022 -&Dah]S Buildmg Fund liO_OO lio. 440.00 Donatton and gifts 2.500.00 General grants proi.lded bN" Goi.e[nellt other charities 9.990.00 Offenng 1.22S.00 1,228.IXI 2.439.00 Other loluntars" Income 17.331.0 17.331.0 11.084.00 Seed i0.00 iO.IXI loo.00 Support for the Needl" 2.00 Thanksgii"ing 40.00 40.(KI 50.00 Tithes 7.130_00 7.130.IKI 1? 5?6.00 lj_9?9_0 ? j.9?9_0 39.131.00 io
ERNATIONAL 3 Income from Charitable Actii-ities I nrestricted Restricted funds income funds Endolent Total funds nds 2023 Total funds 2022 -&Dah]S Pratse and 11 orslll"P (200_00) (200_00) 4 Income from Ini-estments l-nrestricted Restricted fllnds income funds EDdoiFment Total funds funds 2023 Total hnds 2022 .nahIS Interesi income 46.00 46.(Ki 46.00 46.(Ki li
ERNATIONAL S Expenditure on Raising Funds Total funds 2023 Total funds 2022 -In3hIS Staging ffiJndraisg ei"enTS 163.00 281.00 Adi"ertising. Market. dect maa and publiciTh" 22).00 1.299.00 Rent collectio propem." repairs and rnatenance charges 9.562.00 10.056.00 Entertallllnent & Music 500.00 Support Costs l_i06_00 1_419.io 11.4i6.00 13.5i5.iO 6 Expenditure on Charitable Actijities Total funds 2023 Total fund5 2022 Anah"sis Interest paN-able i.00 iOO_OO Bank charges 1.crf) 72.00 Honorarium 12.i41.00 HOIN" COMMUOn Costs 72.(Kl Project Costs 2.000.00 Church Actii"the5 2.i99.00 olunteer Costs i76_00 Membersknp 70.00 Support Costs 3.396.00 14.370.50 16_609.00 'O_IS? io 12
ERNATIONAL 7 Support Costs Total funds 2023 Total funds 2022 Anah-sis so17re and Ilebsite Costs 1.3i?.(Ki 623.00 Insurances 4i2.(Ki 415.00 Trai"el and Accomtnodation 9i8.(Ki i.ioo.00 Education & Training Costs 2iO. 474.00 SundT)' 20.(M) 109.00 Postage and stationeTr 118.00 Goj-ernance Costs Accountants fees l.iSO.LK) 780.00 11 elfare and refreshmellts costs 310. 1? 171.00 4902.00 14,790.00 8 Other Expenditure l-nrestricted fullds Restricted income funds Endoiyment Tot21 fund5 funds 2023 Total funds 2022 -In3hIS Deprecianon Charge for the Year- Computtt Equipment liO.IXI liO_OO l iO.IY) liO_OO 13
ERNATIONAL 9 Tangible Fixed Assets 9.1 Cost or I"aluation Fixtures & Fittings Computer Equipment At 01 December 2022 400. 600.00 Additions 599.00 Disposals Rei-aluattons TraSfer5 At 30 01"ember 20?3 400.00 1.199_00 9.2.4morti52tion and impairments FIe5 & FittiD85 Computer Equipmellt At 01 December 2022 399.(M) 599.00 Additions liO.00 Disposals Rei-aluattons Transf$ At 30 Noi"ember 2023 399. 749.00 9.3 let book i.alue Fixthres & Fittings Computer Equipment At 01 December 2022 i_oo At JO Noi-ember 2023 4iO.00 10 Debtors: Amounts falling due within one year Total funds 2023 Total funds 2022 Other debtors 2i.031.(H) 25.031.00 ?i.OJ l.(Ki 2i_031.00 14
ERNATIONAL 11 Cash at bank and in hand Total funds 2023 Total funds 2022 Cash ar bank and on hand 10.039.(h) 12.975.00 17_97i 00 12 Creditors: Amounts falling due iyithin one year Total funds 2023 Total fund5 2022 Accruals and defuTed income 780.(K) Other credit5 3.407.(M) 3.407.00 4.187.(Ki 3.407.00 13 Creditors: Amounts falling due after one year Total funds 2023 Total fund5 2022 Bank loans and OTh"erdrafts lj.?84.IKI 16_311_00 784 00 16.311.00 15
ERNATIONAL 14 Charity funds 14.1 Details of material funds held and moi-ements during the CLIulE reporting period Fund Fund balances balances brought carried forn.ard forn.ard Income Expenditllr Transfers Gains and losses Fund names I nrestrict ed funds IS.:90_00 9" .00 (?S_:li.00} 16_OiO.00 Total IS.?90.00 ?j_97i.00 ?8_?li.00) 16_OiO.00 14.2 Details of material funds held and moi'ements durino the PREI"IOLS reporting period Fund Fund balance5 balances brought carried lornard forn.ard EendItUr Gain5 2nd losses Fund names Income Transfers l Drestric¢ ed fuDd5 13.10?.00 i8:931.00 (33.743.(M)) 18.?90.00 Total iS:9i 1.00 (i): 14 j.00} 18. 790.00 14.3 Transfers behyeen funds This lear Amount Betti"een unrestricted and restricted thds Betti"een endoiiThent and restricted fijnds Betti"een endoiiThent and unreskncted fimds Last lear -4mount Betti"een unrestricted and iestricted funds Betti"een endoiiinent and restricted fimds Betti"een erldoiiinent and unrestricted fimds 16
ERNATIONAL 17