2023-09-01-accounts - Ministery The Glory Of Shaddai

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MINISTERY THE GLORY OF SHADDAI

Charity No. 1167114

Trustees' Report and Unaudited Accounts

01 September 2023

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 11
Detailed Statement of Financial Activities	12 to 13

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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1167114

Trustees

The following trustees served during the year:

D.J. Galeano C.G. Pabon

D.P. Perea

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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

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C.G. Pabon Trustee 01 September 2023

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 2023.

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
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.

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Orvil Plummer FCCA Borasana Limited 55 Jasmine Grove London

SE20 8JY 01 September 2023

Page 3

MINISTERY THE GLORY OF SHADDAI Statement of Financial Activities

for the year ended 1 September 2023

Unrestricted funds	Total funds	Total funds
2023	2023	2022
£	£	£

63,917	63,917	73,455
63,917	63,917	73,455

35,265	35,265	32,344
26,285	26,285	41,366
61,550	61,550	73,710
-	-	-
2,367	2,367	(255)
-	-	-
2,367	2,367	(255)

2,367	2,367	(255)

(255)	(255)	-
2,112	2,112	(255)

Page 4

MINISTERY THE GLORY OF SHADDAI Balance Sheet

at 1 September 2023

at 1 September 2023
Charity No. 1167114 Current assets Debtors 7 Cash at bank and in hand Creditors:Amount falling due within one year 8 Net current assets/(liabilities) Total assets less current liabilities Net assets/(liabilities) excluding pension asset or liability Total net assets/(liabilities) The funds of the charity Restricted funds 9 Unrestricted funds 9 General funds Reserves 9 Total funds	2023 £ 145 2,767 2,912 (800) 2,112 2,112 2,112 2,112 2,112 2,112 2,112	2022 £ 145 -
		145 (400)
		(255) (255)
		(255)
		(255)
		(255)
		(255)
		(255)

Approved by the trustees on 01 September 2023

And signed on their behalf by:

C.G. Pabon Trustee 01 September 2023

Page 5

MINISTERY THE GLORY OF SHADDAI Notes to the Accounts

for the year ended 1 September 2023

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.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
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.
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.
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.
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.
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.
Other expenditure These are support costs not allocated to a particular activity.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

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.

Page 7

MINISTERY THE GLORY OF SHADDAI

Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 3 Income from donations and legacies Tithes and offerings 4 Expenditure on charitable activities Expenditure on charitable activities Church activities Governance costs	Unrestricted £ 63,917 63,917 Unrestricted £ 35,265 35,265	Unrestricted funds 2022 £ 73,455 73,455 32,344 41,366 73,710 (255) (255) (255) (255) Total 2023 £ 63,917 63,917 Total 2023 £ 35,265 35,265	Total funds 2022 £ 73,455
			73,455 32,344 41,366
			73,710
			(255)
			(255)
			(255)
			(255)
			Total 2022 £ 73,455
			73,455
			Total 2022 £ 32,344
			32,344

Page 8

MINISTERY THE GLORY OF SHADDAI Notes to the Accounts

5 Other expenditure

of £60,000.	Unrestricted £ 8,856 718 13,800 2,511 400 26,285 2023 4,600 4,600 2023 £ 145 145 2023 £	Total 2023 £ 8,856 718 13,800 2,511 400 26,285	Total 2022 £ 10,692 3,957 24,998 785 934
			41,366
			2022 9,950
			9,950
			2022 £ 145
			145
			2022 £
	800		400
At 2 September 2022 (255) (255)	800 Incoming resources (including other gains/losses ) £ 63,917 63,917	Resources expended £ (61,550) (61,550)	400
			At 1 September 2023 £ 2,112
			2,112

Page 9

MINISTERY THE GLORY OF SHADDAI Notes to the Accounts

10 Analysis of net assets between funds

10 Analysis of net assets between funds
Net current assets 11 Reconciliation of net debt Cash and cash equivalents Net debt	Unrestricted funds £ 2,112 2,112 Cash flows £	Total £ 2,112
		2,112
		At 1 September 2023 £
	2,767	2,767
	2,767 2,767	2,767
		2,767

Page 10

MINISTERY THE GLORY OF SHADDAI Statement of Cash flows

for the year ended 1 September 2023

Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Increase in trade and other payables Net cash provided by operating activities Net cash from investing activities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2023 £ 2,367 400 2,767 - - 2,767 - 2,767	2022 £ (255) 400
		145
		-

		(145)

		-
		-
		-

Components of cash and cash equivalents
Cash and bank balances	2,767	-

	2,767	-

Page 11

MINISTERY THE GLORY OF SHADDAI Detailed Statement of Financial Activities

for the year ended 1 September 2023

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 entertainment 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 Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs	Unrestricted funds 2023 £ 63,917 63,917 63,917 35,265 35,265 35,265 4,600 173 4,083 8,856 718 - 718 13,800 - 13,800 343 - 83 419 1,638 28 2,511 400 - 400	Total funds 2023 £ 63,917 63,917 63,917 35,265 35,265 35,265 4,600 173 4,083 8,856 718 - 718 13,800 - 13,800 343 - 83 419 1,638 28 2,511 400 - 400	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

Page 12

Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward MINISTERY THE GLORY OF SHADDAI Detailed Statement of Financial Activities	26,285 61,550 - 2,367 2,367 - 2,367 (255) 2,112	26,285 61,550 - 2,367 2,367 - 2,367 (255) 2,112
			41,366
			73,710 -
			(255)
			(255) -
			(255)
			-
			(255)

Page 13