TRUSTEES REPORT and AUDITED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2022
CHARITY NUMBER:1171914
## **GLORY AND FIRE MINISTRIES INTERNATIONAL CONTENTS OF THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2022**
||Page||
|---|---|---|
|Report of the Trustees||3|
|Independent Examiner’s Report||9|
|Receipts and Payments Account||11-12|
|Notes to the Account||13|
2
**GLORY AND FIRE**
**MINISTRIES INTERNATIONAL REPORT OF TRUSTEES**
**FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2022**
The Trustees present their report with the financial statements of the Charity for the year ended March 2022. The Trustees have adopted the provisions of the statement of recommended practice (SORP) Accounting and Reporting by charities issued in 2005.
## **REGISTERED CHARITY NUMBER** 1171914
**CHARITY’S PRINCIPAL ADDRESS** 2-6 Cauldwell St, Bedford MK42 9AD
## **NAMES OF CHARITY TRUSTEES**
Amina Dikedi-Ajakaiye Marsha Mungo-Okolie
## **BANKERS**
Barclays Bank PLC 28 St Georges Street Luton, LU1 2AE
INDEPENDENT EXAMINER STUGESS & CO LTD The Manor House 9a Station Road Felsted CM6 3EZ
3
## **GLORY AND FIRE**
## **MINISTRIES INTERNATIONAL**
## **REPORT OF TRUSTEES**
## **FOR THE FINANCIAL YEAR ENDING 31[st] MARCH 2022**
The Trustees present their report and financial statements of Glory and Fire Ministries International for the year ended 31st March 2022. The trustees confirm that the Trustees' report and financial statements of the charity comply with the statutory requirements of the Charities Act 2011, the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by charities issued in 2005.
## **Structure, Governance and Management:**
The management of the Charity is vested in the Church leadership supported by the Board of Trustees. No changes were made to the Board of Trustees structure. No changes were made to Glory and Fire Ministries Intl’s supplemental deed dated January 2013. There were no changes to the object of the Charity.
## **OBJECTIVES AND ACTIVITIES**
The Charity’s objectives are for the public benefit:
1. The advancement of the Christian religion through worship, prayer, regular bible study and training.
2. Service - provision of pastoral care to the congregation;
3. Relief of poverty among its members, the community, and the UK
4. Missionary activities - developing confidence in evangelism and in capacity to spread the Word of God and faith to all
## **THE BOARD**
The board of trustees is well resourced. The trustees bring to Glory and Fire Ministries International a broad range of skills and experience that gives the needed direction to the Charity. Trustees held several board meetings during the year virtually and in person.
4
## **KEY ACHIEVEMENTS**
The financial year 2021/2022 was affected by the impact of COVID-19 lockdown. The charity continued to deliver on its public benefit goals. These included church services, counselling, and training.
The charity resumed physical meetings at its church premises. It’s flagship programme, the Lynn Otti’s Free Food Shop saw an uptake in its services as we transitioned to full online shopping and home delivery service.
The charity successfully relocated following the expiration of lease.
We hosted several guest ministers.
A number of training sessions were held for volunteers. The commitment and tenacity of volunteers and the wider church family ensured that the charity had a successful year, fulfilling its objectives.
## **FUTURE PLANS**
The trustees have the following plan:
- To acquire a permanent accommodation for church services and its activities.
- To extend the mandate and coverage of the LYNN OTTI’S FREE FOOD SHOP ( **LOFFS)**
- To extend current Church Workers Training to the wider Christian community in Bedfordshire and the UK.
Foster inter-denominational corporation through international Christian conferences.
## **PUBLIC BENEFIT**
The Trustees confirm that they have referred to the Charities Commission's guidance on public benefit when reviewing the charity's aims, objectives and activities and are satisfied that they fully meet it.
## **Risk Management**
The Trustees have assessed the major risks to which the charity is exposed regarding safety, the operations, and finances of the charity, and are satisfied that there are systems in place to mitigate our exposures to these risks.
5
## **Grant Making /Welfare Policy**
The Church supports other charities and missionaries that share its
objectives in the advancement of the Christian faith and relief of poverty. The Church gives welfare grants to congregation members who are in need, after a careful and thorough assessment.
## **Financial Review**
• Reserves policy. At the end of the financial year, the charity holds a total Cash at Bank of £11,335 which is unrestricted funds.
• Principal funding sources. The charity’s main source of fund this year has been through tithes, offerings and voluntary donations from its members.
• Salaries and wages - The charity engages the services of volunteers. One person’s salary has been paid during this financial year. No trustee was remunerated during this financial year.
## **Statement of Trustee's Responsibilities**
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements fore ach financial year. Under that law the
Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the Church and of the surplus or deficit of the Church for that period.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Church will continue in operation.
The Trustees recognize their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them toensure that the financial
6
statements comply with the Charity Act 2011. They 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. The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
## **Approved by and signed on behalf of the Charity by:**
Amina Dikedi-Ajakaiye 27 January 2023
7
Receipts and Payments Accounts FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2022
8
## **INDEPENDENT EXAMINER'S REPORT**
## **FOR THE FINANCIAL YEAR PERIOD ENDED 31ST MARCH 2022**
I report on the accounts of the charity for the year ended 31st March 2022; which is set out on Pages 11 to 13
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
- It is my responsibility to: examine the accounts under section 145 of the 2011 Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Name & address of independent examlner:
1 5
nature..
sturgess and Co Ltd
Accountants
Th6 Manor House
ststbon Road. Felst•d CM6 3EZ
01371532451
(HARIIY (OMMISSKII
FOR ENGLAJID AND WALE5
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|**GLORY AND FIRE MINISTRIES INTERNATIONAL**|**CE010488**|||
|---|---|---|---|
||**1171914**|||
|**Receipts andpayments accounts**|||**CC16a**|
|**For the period**
**from**
01/04/2021
**To**|31/03/2022|||
## **Section A Receipts and payments**
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**57,350**
**17,502**
**11,133**
**-**
**-**
**-**
**-**
**-**|**Unrestricted**
**funds**
**to the nearest**
**£**
**57,350**
**17,502**
**11,133**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**57,350**
**17,502**
**11,133**
**-**
**-**
**-**
**-**
**-**|**Last year**
**to the nearest £**|
|---|---|---|---|---|---|---|
|VOLUNTARY RECEIPTS - collections at
services|**57,350**|||||**51,634**
**9,537**
**3,358**
**-**
**-**
**-**
**-**
**-**|
|GIFT AIDS|**17,502**||||||
|OTHER RECEIPTS|**11,133**||||||
||**-**||||||
||**-**||||||
||**-**||||||
||**-**||||||
||**-**||||||
|**_Sub total_**_(Gross income for_
_AR)_|**85,985**||**-**|**-**|**85,985**|**64,529**|
||**-**
**-**||**-**
**-**|**-**
**-**|**-**
**-**||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**|||||**-**|
||**-**||||||
|**_Sub total_**|**-**||**-**|**-**|**-**|**-**|
|**_Total receipts_**
**A3 Payments**|**85,985**|||**-**|**85,985**
**94,869**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**64,529**|
||||**-**||||
||||||||
|COST OF CHARITABLE ACTIVITIES|**94,869**||**-**|**-**||**42,823**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
||**-**||**-**|**-**|||
|**_Sub total_**|**94,869**||**-**|**-**|**94,869**|**42,823**|
|**_Sub total_**|**-**
**-**
**-**
**-**
**94,869**||**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**94,869**|**-**
**-**
**-**
**-**
**42,823**|
|---|---|---|---|---|---|---|
|**A4 Asset and investment**
**purchases, (see table)**|||**-**
**-**|**-**
**-**|**-**
**-**||
||**-**||||||
||**-**||||||
|**_Sub total_**|**-**||**-**|**-**|**-**|**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|**94,869**
**- 8,884**
**-**
**11,335**|||**-**|**94,869**|**42,823**|
||||**-**||||
||||||||
||**- 8,884**||**-**|
**-**|**- 8,884**
**-**
**11,335**|**21,706**|
||**-**||**-**|**-**||**-**
**6,970**|
||**11,335**||**-**|**-**|||
||**2,451**||**-**|**-**|**2,451**|**28,676**|
CCXX R1 accounts (SS)
11
28/01/2023
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
Signed by one or two trustees on
behalf of all the trustees|**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
**Details**
**Details**
**Details**
**Details**
Signature
Cash at the bank as of March 2022|**Unrestricted**
**funds**
**to nearest £**
**11,335**
**-**
**-**|**Unrestricted**
**funds**
**to nearest £**
**11,335**
**-**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**|**Restricted**
**funds**
**to nearest £**
**-**
**-**
**-**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|---|---|
|||**11,335**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**11,335**||**-**||**-**|
|||Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**Fund to which**
**asset belongs**
**Cost (optional)**
**Fund to which**
**asset belongs**
**Cost (optional)**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Print Name
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
AMINA DIKEDI-AJAKAIYE||||OK|
|||||||**Endowment**
**funds**
**to nearest £**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**Current value**
**(optional)**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**Current value**
**(optional)**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**-**|
|||||||**When due**
**(optional)**|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
|||||||Date of
approval|
|||AMINA DIKEDI-AJAKAIYE||||21/01/2023|
||||||||
Signed by one or two trustees on behalf of all the trustees
CCXX R2 accounts (SS)
28/01/2023
12
## **NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD 01-APR-2021 TO 31-MAR-2022**
|**Note 1**
**Voluntary Income**
**Activities for generating**
**funds**|**Analysis of Receipts (Incoming Resources)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|**Analysis of Receipts (Incoming Resources)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|**Analysis of Receipts (Incoming Resources)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|
|---|---|---|---|
||Tit
he
s|28
,
027|26
,
85
7
24
,
77
8|
||O
t
he
r
r
e
g
u
l
a
r
g
i
v
i
n
gs|29
,
323||
||
Ministrydona! ons|||
|||||
||**Total**|**57,350**|**51,634**|
|||||
|||||
||HMRC Charities|17,503|9,537|
||**Total**|**17,503**|**9,537**|
|||||
||Repa
y
m
en
t
s
/
Re
f
und
s|13
,
424|2
,
11
1|
||**Total**|||
|||**13,424**|**2,111**|
|**Note 2**
**Cost of Charitable**
**Activities**
Governance Costs|**Analysis of Payments (Resources Expended)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|**Analysis of Payments (Resources Expended)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|**Analysis of Payments (Resources Expended)**
**Unrestricted**
**Funds**
**This Year**
**Analysis**
**£**
**Unrestricted**
**Funds**
**Last Year**
**£**|
|---|---|---|---|
||Building,service charge,rate,insurances|51,981|26,488|
||Legal Fees|-|-|
||Bread Project|1,552|679|
||Welfare|6,478|3,147|
||U
tiliti
e
s|3
,
163|2
,
42
4
1
33
3
,
61
3
53
7|
||W
a
s
t
e
F
a
c
iliti
e
s|-||
||Chu
rc
h
O
ffi
c
e
/
Ope
r
a
ti
ng
Ex
pen
s
e
s|4
,
521||
||O
t
he
r
M
i
n
i
s
t
r
y
Ex
pen
s
e
s|3
,
082||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
||**Total**|**70**
**,**
**777**|**37**
**,**
**02**
**0**|
||Examination/Professional Fees
**Total**|1,224 606||
|||**1,224**|**606**|
13