## **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
## **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 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.
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**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
**Total**
**Expenditure on:**
Charitable activities
4
Other
5
**Total**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
**Net income/(expenditure)**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**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**
|Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
6
**Staff costs**
Salaries and wages
No employee received emoluments in excess
7
**Debtors**
Other debtors
8
**Creditors:**
amounts falling due within one year
Accruals
9
**Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**|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