2025-09-01-accounts

Ministry The Glory Of Shaddai

Annual Report and Audited Financial Statements

for the financial year ended 1 September 2025

Borasana Limited 55 Jasmine Grove London SE20 8JY GB

Charity Number: 1167114

Ministry The Glory Of Shaddai

CONTENTS

	Page
Reference and Administrative Information	3
Directors' Annual Report	4
Statement of Directors' Responsibilities	5
Independent Auditor's Report	6-8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Financial Statements	11 - 14

2

Ministry The Glory Of Shaddai REFERENCE AND ADMINISTRATIVE INFORMATION

Directors

Charity Number in England and Wales

Registered Office

Auditors

Mr David Jaramillo Galeano Ms Deyanira Puente Perea Ms Claduia Galeano

1167114

26 BRITANNIA CLOSE LONDON SW4 7NN

Borasana Limited 55 Jasmine Grove London SE20 8JY GB

3

Ministry The Glory Of Shaddai DIRECTORS' ANNUAL REPORT

for the financial year ended 1 September 2025

The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the audited financial statements for the financial year ended 1 September 2025.

The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.

In this report the directors of Ministry The Glory Of Shaddai present a summary of its purpose, governance, activities, achievements and finances for the financial year 1 September 2025.

The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.

Financial Review

The results for the financial year are set out on page 9 and additional notes are provided showing income and expenditure in greater detail.

Results and Dividends

At the end of the financial year the charity has assets of £18,637 (2024 - £18,637) and liabilities of £10,202 (2024 - £15,352). The net assets of the charity have increased by £5,150.

Directors

The directors who served throughout the financial year, except as noted, were as follows:

Mr David Jaramillo Galeano Ms Deyanira Puente Perea Ms Claduia Galeano

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Compliance with Sector-Wide Legislation and Standards

The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Ministry The Glory Of Shaddai subscribes to and is compliant with the following:

• The Companies Act 2006

• The Charities SORP (FRS 102)

The Auditors

The auditors, Borasana Limited have indicated their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.

Approved by the Board of Directors on 30/06/2026 and signed on its behalf by:

________

4

Ministry The Glory Of Shaddai STATEMENT OF DIRECTORS' RESPONSIBILITIES

for the financial year ended 1 September 2025

The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

• select suitable accounting policies and apply them consistently;

• make judgements and accounting estimates that are reasonable and prudent;

• state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the directors are aware:

• there is no relevant audit information (information needed by the charity's auditor in connection with preparing the auditor's report) of which the charity's auditor is unaware, and

• the directors have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.

Approved by the Board of Directors on 30/06/2026 and signed on its behalf by:

________

5

INDEPENDENT AUDITOR'S REPORT to the Members of Ministry The Glory Of Shaddai

Report on the audit of the financial statements

Opinion

We have audited the charity financial statements of Ministry The Glory Of Shaddai ('the charity') for the financial year ended 1 September 2025 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.

In our opinion, when reporting in accordance with a fair presentation framework the financial statements:

• give a true and fair view of the state of the charity's affairs as at 1 September 2025 and of its deficit for the financial year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from the date when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Directors' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Directors' Annual Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Annual Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of directors' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

• the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Directors' Annual Report.

6

INDEPENDENT AUDITOR'S REPORT to the Members of Ministry The Glory Of Shaddai

Responsibilities of directors for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Further information regarding the scope of our responsibilities as auditor

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by directors.

• Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the charity to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

7

INDEPENDENT AUDITOR'S REPORT to the Members of Ministry The Glory Of Shaddai

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

The purpose of our audit work and to whom we owe our responsibilities

This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

__________BORASANA LIMITED 55 Jasmine Grove London SE20 8JY GB

8

Ministry The Glory Of Shaddai STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an Income and Expenditure Account)

for the financial year ended 1 September 2025

		Unrestricted	Total	Unrestricted	Total
		Funds	Funds	Funds	Funds
		2025	2025	2024	2024
	Notes	£	£	£	£
Income
Donations and legacies	3.1	136,065	136,065	121,291	121,291
		───────	───────	───────	───────
Expenditure
Charitable activities	4.1	142,199	142,199	117,751	117,751
		───────	───────	───────	───────
Net income/(expenditure)		(6,134)	(6,134)	3,540	3,540
Transfers between funds		-	-	-	-
		───────	───────	───────	───────
Net movement in funds for the financial year		(6,134)	(6,134)	3,540	3,540
Reconciliation of funds:
Total funds beginning of the year	11	14,568	14,568	(255)	(255)
		───────	───────	───────	───────
Total funds at the end of the year		8,434	8,434	3,285	3,285
		═══════	═══════	═══════	═══════

The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.

The notes on pages 11 to 14 form part of the financial statements

9

Ministry The Glory Of Shaddai Company Number: BALANCE SHEET

as at 1 September 2025

		2025	2024
	Notes	£	£
Fixed Assets
Tangible assets		11,637	11,637
		───────	───────
Current Assets
Debtors	8	7,000	7,000
		───────	───────
Creditors: Amounts falling due within one year	9	(10,202)	(15,352)
		───────	───────
Net Current Liabilities		(3,202)	(8,352)
		───────	───────
Total Assets less Current Liabilities		8,435	3,285
		═══════	═══════
Funds
General fund (unrestricted)		8,435	3,285
		───────	───────
Total funds	11	8,435	3,285
		═══════	═══════

These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.

Approved by the Board of Directors and authorised for issue on 30/06/2026 and signed on its behalf by

________

The notes on pages 11 to 14 form part of the financial statements

10

Ministry The Glory Of Shaddai NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 1 September 2025

1. GENERAL INFORMATION

Ministry The Glory Of Shaddai is a company limited by shares incorporated in the United Kingdom. The registered office of the charity is 26 BRITANNIA CLOSE, LONDON, SW4 7NN which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.

Statement of compliance

The financial statements of the charity for the financial year ended 1 September 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.

Fund accounting

The following are the categories of funds maintained:

Restricted funds

Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.

Unrestricted funds

Unrestricted funds consist of General and Designated funds.

• General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.

• Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.

Income

Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.

Income from charitable activities

Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.

Grants from governments and other co-funders typically include one of the following types of conditions:

• Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income.

-Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within

11

continued

Ministry The Glory Of Shaddai NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 1 September 2025

the period specified in the agreement.

In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.

Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.

Expenditure

Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

15% Straight line

Debtors

Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.

Taxation and deferred taxation

No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	INCOME
3.1	DONATIONS AND LEGACIES		Unrestricted	Restricted	2025	2024
			Funds	Funds
			£	£	£	£
	Donations and legacies		136,065	-	136,065	121,291
			═══════	═══════	═══════	═══════
4.	EXPENDITURE
4.1	CHARITABLE ACTIVITIES	Direct	Other	Support	2025	2024
		Costs	Costs	Costs
		£	£	£	£	£
	Expenditure on charitable activites	140,836	-	640	141,476	110,432
	Governance Costs (Note 4.2)	565	-	57	622	7,319
		───────	───────	───────	───────	───────
		141,401	-	697	142,098	117,751
		═══════	═══════	═══════	═══════	═══════
4.2	GOVERNANCE COSTS	Direct	Other	Support	2025	2024
		Costs	Costs	Costs
		£	£	£	£	£
	Charitable activities - governance	565	-	57	622	7,319
	costs
		═══════	═══════	═══════	═══════	═══════

12

continued

Ministry The Glory Of Shaddai NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 1 September 2025

4.3	SUPPORT COSTS	**Charitable **	Governance	2025	2024
		Activities	Costs
		£	£	£	£
	Support	640	57	697	7,319
		═══════	═══════	═══════	═══════
5.	ANALYSIS OF SUPPORT COSTS
				2025	2024
				£	£
	Support			697	7,319
				═══════	═══════
6.	INTEREST PAYABLE AND SIMILAR CHARGES			2025	2024
				£	£
	On bank loans and overdrafts			-	2,200
				═══════	═══════
7.	EMPLOYEES AND REMUNERATION
	The staff costs comprise:			2025	2024
				£	£
	Wages and salaries			13,900	8,760
				═══════	═══════
8.	DEBTORS			2025	2024
				£	£
	Prepayments and accrued income			7,000	7,000
				═══════	═══════
9.	CREDITORS			2025	2024
	Amounts falling due within one year			£	£
	Bank loan			-	15,352
	User definable loan desc.			10,202	-
				───────	───────
				10,202	15,352
				═══════	═══════
10.	RESERVES
			Funds		Total
			£	£	£
	At the beginning of the year		5,397	9,172	14,569
	(Deficit)/Surplus for the financial year		(6,134)	-	(6,134)
			───────	───────	───────
	At the end of the year		(737)	9,172	8,435
			═══════	═══════	═══════
11.	FUNDS
11.1	RECONCILIATION OF MOVEMENT IN FUNDS			Unrestricted	Total
				Funds	Funds
				£	£
	At 2 September 2023			(255)	(255)
	Movement during the financial year			3,540	3,540
				───────	───────
	At 1 September 2024			14,568	14,568
	Movement during the financial year			(6,134)	(6,134)
				───────	───────
	At 1 September 2025			8,434	8,434
				═══════	═══════

13

continued

Ministry The Glory Of Shaddai NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 1 September 2025

11.2 ANALYSIS OF MOVEMENTS ON FUNDS

		Balance	**Income **	Expenditure	Transfers	Balance
		2 September			between	1 September
		2024			funds	2025
		£	£	£	£	£
	Unrestricted funds
	Unrestricted General	14,568	136,065	142,199	-	8,434
		───────	───────	───────	───────	───────
	Total funds	14,568	136,065	142,199	-	8,434
		═══════	═══════	═══════	═══════	═══════
11.3	ANALYSIS OF NET ASSETS BY FUND
			Fixed	Current	Current	Total
			assets	assets	liabilities
			- charity use
			£	£	£	£
	Unrestricted general funds		11,637	7,000	(10,202)	8,435
			───────	───────	───────	───────
			11,637	7,000	(10,202)	8,435
			═══════	═══════	═══════	═══════

12. POST-BALANCE SHEET EVENTS

There have been no significant events affecting the Charity since the financial year-end.

14