Charity registration number- 1158841 GLORIOUS LIFE GOSPEL CENTRE TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025
Glorious Life Gospel Centre Contents Page Trustees, Report Independent Examiner's Report statement of Financial Activities Statement of Financial Position Notes to the Financial Statements The following pages do not form part of the statutory accounts: Detailed Statement of Financial Activities
Glorious Life Gospel Centre Trustees. Report For The Year Ended 5 April 2025 The trustees present their report and the financial statements for the year ended 5 April 2025. Objectives and Activities Aims and Objectives The Principal Activity of the charity during the period wa5. to advance Christian faith in the UK for the benefits of the public through the holding of church services, Prayer, meetings. conferences. Public Benefit Provision of a worship centre for the public. Mentoring and coaching young people to overcome Joblessness by helping them find employment and explore career paths. Organising prayer and music conferences. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Reference and Administrative Details Trustees Ms Amarachi Erondu Trustee Pastor Chuks Godwin Trustee Mr Chima Erondu - Chair Charity Number 1158841 Principal Address 234 Trafalgar Road London SEIO 9ER Independent Examiner L.U. ACCA LPU Accountancy Services ACCA 20 Breezehill Wootton Northampton NN4 6AG Page I
Glorious Life Gospel Centre Trustees. Report (continued) For The Year Ended 5 April 2025 The trustees, report was approved by the board of trustees and signed on its behalf by- Mr Chima Erondu Trustee 03/02/2026 Page 2
Glorious Life Gospel Centre Independent Examiner's Report to the Trustees of Glorious Life Gospel Centre For The Year Ended 5 April 2025 report to the trustees on my examination of the accounts of Glorious Life Gospel Centre (the Trust) for the year ended 5 April 2025. Responsibilities and Basis of Report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{51(b) of the Act. Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect of the Trust as required by sertion 130 of the Act. or 2. the accounts do not accord with those records- or 3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. L.U. ACCA 0310212026 20 Breezehill Wootton Northampton NN4 6AG Page 3
Glorious Life Gospel Centre Statement of Financial Activities For The Year Ended 5 April 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 139,640 1,771 EXPENDITURE ON: Raising funds Charitable activities: Faith activities 150,627) (1,573) 150,627) (1,572) NET INCOME 89,013 199 NET MOVEMENT IN FUNDS 89.013 199 RECONCILIATION OF FUNDS: Total funds brought forward 199 TOTAL FUNDS CARRIED FORWARD 89,212 199 The notes on pages 6 to 8 form part of these financial statements. Page 4
Glorious Life Gospel Centre Statement of Financial Position As At 5 April 2025 2025 2024 Unrestricted funds Total funds Notes FIXED ASSETS Tangible Assets 83,516 83,516 CURRENT ASss Cash at bank and in hand 5,696 199 5,696 199 NET CURRENT ASSETS {LIABILITIES) 5,696 199 TOTAL ASSETS LESS CURRENT LIABILITIES 89,212 199 NET ASSETS 89,212 199 FUNDS OF THE CHARrtY Unrestricted Funds 89,212 199 TOTAL FUNDS 89,212 199 On behalf of the board Mr Chima Erondu Trustee 03/02/2026 The notes on pages 6 to 8 form part of these financial statements. Page 5
Glorious Life Gospel Centre Notes to the Financial Statements For The Year Ended 5 April 2025 l. General Information Glorious Life Gospel Centre is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1158841. The principal address is 234 Trafalgar Road, London, SEIO 9ER. 2. Accounting Policies 2. 1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective I January 2019)" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources Incoming resources are recognised on an accruals basis. when the charity is entitled to the income. receipt is probable, and the amount can be measured reliably. Donations. including 5um5 due under Gift Aid and deeds of covenant. a recognised in the period to which they relate, whether received in cash or as a receivable. Membership subscriptions are recognised over the period of membership to which they relate, rather than when received. 2.3. Resources Expended Resources expended represent the total costs incurred by the charity in the furtherance of its charitable objectives and the administration of the charity. They are analysed between- Expenditure on charitable activities - costs dirertly attributable to the charity's charitable purposes, including support costs allocated on a reasonable basis. Governance and administration costs - costs associated with the generdl running of the charity, including compliance, accounting, and trustees, responsibilities. Expenditure is recognised on an accruals basis when the liability is incurred. 2.4. Tangible Fixed Assets and Depreciation Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery IO¥o Strdight line 2.5. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-terrn highly liquid investment5 that rnature in no more than three months frotn the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. Income from Donations and Legacies 2025 2024 Unrestricted Unrestricted funds funds Donations and gifts 139,640 1.771 The following high value donations and legacies are included within the total income from donations and legacies above.. A stage set donated by a cornpany owned by a trustee to be used for faith related concerts and events. Page 6
Glorious Life Gospel Centre Notes to the Financial Statements (continued) For The Year Ended 5 April 2025 4. Net Income/(Expenditure) The net income is stated after charging/{crediting): 2025 2024 Depreciation of tangible fixed assets - owned 9,280 Analysis of Expenditure 2025 Artivities undertaken directly Support costs {see note 6) Total Faith activities 28,386 22,241 50,627 2024 Activities undertaken directly Support costs (see note 6) Totsl Raising funds Faith activities {1) 60 (i) 1.573 1.513 1,513 59 1,572 6. Support Costs 2025 Faith activities General administration 22,241 2024 Raisrng funds Faith activities Totsl General administration (i) 60 59 Average Number of Employees Activities are led and staffed by volunteers NIL {2024: NIL) Page 7
Glorious Life Gospel Centre Notes to the Financial Statements (continued) For The Year Ended 5 April 2025 8. Tangible Assets Plant & Machinery Cost As at 6 April 2024 Additions 92.796 As at 5 April 2025 92,796 Depreciation As at 6 April 2024 Provided during the period 9,280 As at 5 April 2025 9,280 Net Book Value As at 5 April 2025 83,516 As at 6 April 2024 9. Movement in Funds As at 6 April 2024 As at 5 April 2025 Income Expenditure Unrestricted funds General.. General unrestricted fund 199 139,640 (50,627) 89,212 Total funds 199 139,640 (50,627) 89,212 As at 6 April 2023 As at 5 April 2024 Income Expenditure Unrestricted funds Gener31.. General unrestricted fund 1.771 11,572) 199 Total funds 1,771 11,572) 199 10. Transactions with Trustees During the year the expenses reimbursed to the trustees or paid directly to third partie5 were as follows= 2025 2024 I l. Related Party Disclosures Page 8
Glorious Life Gospel Centre Detailed Statement of Financial Activities For The Year Ended 5 April 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Donations and legacies Donations from individuals 25,321 114,319 1,771 Donations from organisations 139,640 1,771 139,640 1,771 EXPENDITURE ON: Raising funds Sundry expenses Charitable Activities: Faith activities Subcontractor costs (18,389) {717) 19,280) (21,522) {719} (1,513) Travel and subsistence expenses Depreciation of plant and machinery Promotional costs Telecommunications {60) (50,627) (1,573) (50,627) (1,572) NET INCOME 89,013 199 Page 9