Charity No 1158841
GLORIOUS LIFE GOSPEL CENTRE
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 05 APRIL 2022
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GLORIOUS LIFE GOSPEL CENTRE
For the year ended 05 April 2022
Charity Information
Trustees
Chima Erondu (Chair) Amarachi Mbaramah Uche Ifeanyi
Principal office Suite 26 Cavendish House Plumpton Road HODDESDON Hertfordshire EN11 0LB
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GLORIOUS LIFE GOSPEL CENTRE
Report of the Trustees
The trustees present their report together with the financial statements of the trust for the year ended 05 April 2022.
Principal Activity
The Principal Activity of the charity during the period was , To advance christian faith in the UK for the benefits of the public through the holding of church services, Prayer, meetings, conferences.
Development
ProvIsion of a worship Centre for the public.
Mentored and Coached Young People to come out of joblessnes. - finding jobs and career path Prayer & Music Conferences
Statement of Trustees Responsibilities
Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year (unless the charity is entitled to prepare accounts on the alternative receipts and payments basis) in preparing financial statements giving a true and fair view, the trustees should follow best practice and :
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Selecting suitable accounting policies and applying them consistently
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Make judgment and estimates that are reasonable and prudent
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Prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in business
The trustees are responsible for the keeping accounting records which disclose with reasonable accuracy at any time the financial statements comply with the trust deed. They are also responsible for safeguarding assets of the charity and hence for taking reasonable steps for the prevention of and detection of fraud and other irregularities.
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Date: 01/07/2022
Approved Trustee:
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GLORIOUS LIFE GOSPEL CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 05 APRIL 2022
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| £ | £ | |||
| INCOMING RESOURCES | ||||
| Donations | 5,250 | 100 | ||
| Misc Income | - | - | ||
| Total Incoming Resources | 5,250 | 100 | ||
| RESOURCES EXPENDED | ||||
| Charitable Expenses | 450 | 46 | ||
| Governance | - | - | ||
| Total Resources Expended | 450 | 46 | ||
| Net (Outgoing) / Incoming Resources for the period | 4,800 | 54 | ||
| Revenue account brought forward | 69 | 15 | ||
| Revenue account carried forward | 4,869 | 69 |
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GLORIOUS LIFE GOSPEL CENTRE
BALANCE SHEET AT 05 APRIL 2022
| Note | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| CURRENT ASSETS | |||||
| Cash at Bank and in hand | 4,869 | 69 | |||
| CURRENT LIABILITIES | |||||
| Creditors | - | 4,869 | (20,000)- | 69 | |
| NET ASSETS / (LIABILITIES) | 4,869 | (19,931) | |||
| FINANCED BY: | |||||
| Funds | (19,931) | ||||
| 4,869 | (19,931) |
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Date: 01/07/2022
Approved Trustee:
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GLORIOUS LIFE GOSPEL CENTRE
Statement of Financial Activities
For the year ended 05 April 2022
1. ACCOUNTING POLICIES
The basis of Preparation of Accounts
The financial statements are prepared under historical cost convention and are in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as set out in the statement of recommended Practice on accounting and reporting by charities: The charities SORP 2015.
Incoming Resources
This represents the total income receivable during the year which is recognised on the accruals basis for accounting except for:
a) All donations including sums due under gift aid and deeds of the covenant are included in the year in which they are received.
b) Membership subscriptions are credited to income in the full year they are received.
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