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← Glory And Fire Ministries International

2024-03-31-accounts

TRUSTEES REPORT and AUDITED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2024

CHARITY NUMBER:1171914

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GLORY AND FIRE

MINISTRIES INTERNATIONAL CONTENTS OF THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2024

Page
Report of the Trustees 3-7
Independent Examiner’s Report 8-9
Receipts and Payments Account 10-11
Notes to the Account 12

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GLORY AND FIRE

MINISTRIES INTERNATIONAL

REPORT OF TRUSTEES

FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2024

The Trustees present their report with the financial statements of the Charity for the year ended March 2024. 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

2-8 Cauldwell St, Bedford MK42 9AD

NAMES OF CHARITY TRUSTEES

Amina Dikedi-Ajakaiye Marsha Mungo-Okolie

BANKERS

Lloyds Bank

PO Box 1000

Andover BX1 1LT

INDEPENDENT EXAMINER

Elizabeth Besa FCCA

Flat 6 Wakelin House

Brockley Park

SE231PU

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GLORY AND FIRE

MINISTRIES INTERNATIONAL

REPORT OF TRUSTEES

FOR THE FINANCIAL YEAR ENDING 31[st] MARCH 2024

The Trustees present their report and financial statements of Glory and Fire Ministries International for the year ended 31st March 2024. 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

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Charity. Trustees held several board meetings during the year virtually and in person.

Key Achievements of the Church

The financial year 2023/2024 marked significant achievements in fulfilling the church’s public benefit goals.

The Lynn Otti’s Free Food Shop (LOFFS) extended its reach, with a notable increase in the number of families served. The successful awareness drive and the dedication of volunteers were instrumental in this accomplishment.

Additionally, leadership and volunteer training sessions strengthened the church’s operational effectiveness, while the commitment of volunteers and the broader church family ensured the success of all initiatives.

Summary

The church’s activities during this period promoted spiritual growth, family development, and community engagement, with significant positive impact.

Future Plans

Looking ahead, the church aims to implement several initiatives to enhance its impact.

For the youth, Mentorship programs will be developed to foster spiritual growth, instil moral values, and provide career guidance.

The church also plans to expand its community engagement efforts through the Lynn Otti Free Food pantry and health awareness drives. Collaborations with local organizations will address pressing community needs and deepen the church’s outreach.

Training programs for church ministers will focus on enhancing preaching, counselling, and leadership skills through workshops and seminars. These programs will ensure that church leaders are well-equipped to guide the congregation.

For the congregation’s spiritual development through regular Bible study, prayer, and counselling session. Church will be introducing programs such as financial literacy,

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parenting classes, and time management workshops.

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.

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

Statement of Trustees’ Responsibilities

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The Trustees are responsible for preparing both the Annual Report and the financial statements in compliance with relevant laws and regulations. Charity law mandates that the Trustees prepare financial statements for each financial year. In accordance with this, the Trustees have chosen to prepare the financial statements in line with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). By law, these financial statements must provide a true and fair view of the Church's financial position and the surplus or deficit for the period in question.

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

The Trustees acknowledge their responsibility to maintain accurate accounting records that reflect the financial position of the Charity with reasonable precision at any given time. This allows them to ensure compliance with the Charity Act 2011. They are also accountable for protecting the charity’s assets and for taking appropriate measures to prevent and detect fraud and other irregularities. The attached financial statements have been prepared on an accruals basis and have been reviewed by an independent examiner, whose report is also included.

Approved by and signed on behalf of the Charity by:

Amina Dikedi-Ajakaiye 28 January 2025

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees GLORY AND FIRE MINISTRIES INTERNATIONAL On accounts for the year Charity no ended 31 MARCH 2024 (if any) 1171914 Set out on pages 10-12

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03/ 2024 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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 accounts to be reached.

Signed: Date: 25/01/2025 Name: ELIZABETH BESA Relevant professional qualification(s) or body ACCA

Oct 2018

IER

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(if any):

Address: FLAT 6 WAKELIN HOUSE BROCKLEY PARK SE23 1PU

Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the N/A examiner wishes to disclose .

Oct 2018

IER

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----- Start of picture text -----
GLORY AND FIRE MINISTRIES INTERNATIONAL 1171914
Receipts and payments accounts CC16a
For the period 01/04/2023 31/03/2024
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
VOLUNTARY RECEIPTS - collections at 72,248 - - 72,248 45,383
services
GIFT AIDS 12,852 - - 12,852 9,902
OTHER RECEIPTS 58,933 - - 58,933 57,826
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
144,033 - - 144,033 113,111
AR)
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 144,033 - - 144,033 113,111
A3 Payments
COST OF CHARITABLE ACTIVITIES 137,451 - - 137,451 96,283
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 137,451 ] - - 137,451 96,283
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 137,451 - - 137,451 96,283
Net of receipts/(payments) 6,582 - - 6,582 16,828
A5 Transfers between funds - - - - -
A6 Cash funds last year end 21,629 - - 21,629 12,517
Cash funds this year end 28,211 - - 28,211 29,345
----- End of picture text -----

28/01/2025

CCXX R1 accounts (SS)

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Section B Statement of assets and liabilities at Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Cash at the bank as of March 2024
Details
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
28,211
-
-
-
-
-
28,211
-
OK
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		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
13/01/2025

28/01/2025

CCXX R2 accounts (SS)

11

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD 01-APR-2023 TO 31-MAR-2024

Note 1
Voluntary Income
Activities for generating
fund
Note 2
Cost of Charitable Activities
Governance Costs		 Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£
Tithes
38,398
20,328
Other regular givings
32,914
25,055
Other Activity Giving
5,458
46330
Total
76,770
91,713
HMRC Charities
12,852
9,902
Total
12,852
9,902
Repayments/Refunds
54,410
11,498
Total
54,410
11,498
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£
Building, service charge, rates, insurances
34,479
54,924
Legal Fees
2,258
2921
LOFFS (Formerly Bread Project)
1,470
470
Welfare
1,650
3,501
Utilities
4,789
1,839
Church Office / Operating Expenses
11,191
13,956
Other Ministry Expenses
9,546
9,781
Total
65,383
87,392
Examination/Professional Fees
556
678
Total
556
678
Analysis of Receipts (Incoming Resources)
Analysis of Payments (Resources Expended)

12