MINISTERY THE GLORY OF SHADDAI
Charity No. 1167114
Trustees' Report and Unaudited Accounts
01 September 2022
MINISTERY THE GLORY OF SHADDAI Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Page 1
MINISTERY THE GLORY OF SHADDAI Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 1 September 2022.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1167114
Trustees
The following trustees served during the year:
D.J. Galeano C.G. Pabon
D.P. Perea
Accountants
Borasana Limited 55 Jasmine Grove London SE20 8JY
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
C.G. Pabon Trustee 01 September 2022
Page 2
MINISTERY THE GLORY OF SHADDAI Independent Examiners Report
Independent Examiner's Report to the trustees of MINISTERY THE GLORY OF SHADDAI
I report to the trustees on my examination of the financial statements of MINISTERY THE GLORY OF SHADDAI for the year ended 1 September 2022.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can 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:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Orvil Plummer FCCA Borasana Limited 55 Jasmine Grove London
SE20 8JY 01 September 2022
Page 3
MINISTERY THE GLORY OF SHADDAI Statement of Financial Activities
for the year ended 1 September 2022
| Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 3 Other 4 Total Net gains on investments Net expenditure Transfers between funds Net expenditure before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward |
Unrestricted funds |
Total funds 2022 £ 73,455 73,455 32,344 41,366 73,710 - (255) - (255) (255) (255) |
|
|---|---|---|---|
| 2022 | |||
| £ | |||
| 73,455 | |||
| 73,455 | |||
| 32,344 | |||
| 41,366 | |||
| 73,710 | |||
| - | |||
| (255) | |||
| - | |||
| (255) | |||
| (255) | |||
| (255) | |||
Page 4
MINISTERY THE GLORY OF SHADDAI Balance Sheet
at 1 September 2022
| at 1 September 2022 | |
|---|---|
| Charity No. 1167114 Creditors:Amount falling due within one year 6 Net current liabilities Total assets less current liabilities Net liabilities excluding pension asset or liability Total net liabilities The funds of the charity Restricted funds 7 Unrestricted funds 7 General funds Reserves 7 Total funds Approved by the trustees on 01 September 2022 |
2022 £ (255) |
| (255) (255) |
|
| (255) | |
| (255) | |
| (255) | |
| (255) | |
| (255) | |
And signed on their behalf by:
C.G. Pabon Trustee 01 September 2022
Page 5
MINISTERY THE GLORY OF SHADDAI Notes to the Accounts
for the year ended 1 September 2022
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
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Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
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Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 6
MINISTERY THE GLORY OF SHADDAI Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
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Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
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Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
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Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
- 2 Income from donations and legacies
| Income from donations and legacies | ||
|---|---|---|
| Tithes and offerings | Unrestricted £ 73,455 73,455 |
Total 2022 £ 73,455 |
| 73,455 |
Page 7
MINISTERY THE GLORY OF SHADDAI
Notes to the Accounts
3 Expenditure on charitable activities
| Expenditure on charitable activities Church activities Governance costs 4 Other expenditure Employee costs Motor and travel costs Premises costs General administrative costs Legal and professional costs 5 Staff costs Salaries and wages No employee received emoluments in excess of £60,000. 6 Creditors: amounts falling due within one year Other loans Accruals |
Unrestricted £ 32,344 32,344 Unrestricted £ 10,692 3,957 24,998 785 934 41,366 2022 9,950 9,950 2022 £ (145) |
Total 2022 £ 32,344 32,344 Total 2022 £ 10,692 3,957 24,998 785 934 41,366 |
|---|---|---|
| 400 | ||
| 255 |
Page 8
MINISTERY THE GLORY OF SHADDAI
Notes to the Accounts
7 Movement in funds
| Restricted funds: Unrestricted funds: General funds Total funds 8 Analysis of net assets between funds Net current assets 9 Reconciliation of net debt Borrowings Net debt |
Incoming resources (including other gains/losses ) £ 73,455 73,455 |
Resources expended £ (73,710) (73,710) Unrestricted funds £ (255) (255) Cash flows £ |
At 1 September 2022 £ (255) |
|---|---|---|---|
| (255) | |||
| Total £ (255) |
|||
| (255) | |||
| At 1 September 2022 £ 145 |
|||
| 145 | |||
| 145 145 |
145 | ||
| 145 | |||
Page 9
MINISTERY THE GLORY OF SHADDAI Detailed Statement of Financial Activities
for the year ended 1 September 2022
| Income and endowments from: Donations and legacies Tithes and offerings Total income and endowments Expenditure on: Charitable activities Church activities Total of expenditure on charitable activities Employee costs Salaries/wages Staff training Motor and travel costs Vehicles - General costs Travel and subsistence Premises costs Rent Light, heat and power General administrative costs, including depreciation and amortisation General insurances Software, IT support and related costs Stationery and printing Subscriptions Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure |
Unrestricted funds 2022 £ 73,455 73,455 73,455 32,344 32,344 32,344 9,950 742 10,692 729 3,228 3,957 24,700 298 24,998 389 29 86 281 785 400 534 934 41,366 73,710 |
Total funds 2022 £ 73,455 |
|---|---|---|
| 73,455 | ||
| 73,455 32,344 |
||
| 32,344 | ||
| 32,344 9,950 742 |
||
| 10,692 | ||
| 729 3,228 |
||
| 3,957 | ||
| 24,700 298 |
||
| 24,998 | ||
| 389 29 86 281 |
||
| 785 | ||
| 400 534 |
||
| 934 | ||
| 41,366 | ||
| 73,710 |
Page 10
MINISTERY THE GLORY OF SHADDAI Detailed Statement of Financial Activities
| MINISTERY THE GLORY OF SHADDAI Detailed Statement of Financial Activities |
||
|---|---|---|
| Net gains on investments Net expenditure Net expenditure before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
- (255) (255) - (255) - (255) |
- |
| (255) | ||
| (255) - |
||
| (255) | ||
| - | ||
| (255) |
Page 11