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← Glory And Fire Ministries International

2025-03-31-accounts

Glory & Fire Ministries Intl. ) | a—

TRUSTEES REPORT and AUDITED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2025

CHARITY NUMBER:1171914

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GLORY AND FIRE

MINISTRIES INTERNATIONAL CONTENTS OF THE ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2025

Page
Report of the Trustees 3-8
Independent Examiner’s Report 9-11
Receipts and Payments Account 11-12
Notes to the Account 13

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GLORY AND FIRE

MINISTRIES INTERNATIONAL

REPORT OF TRUSTEES

FOR THE FINANCIAL YEAR ENDED 31[st] MARCH 2025

The Trustees present their report with the financial statements of the Charity for the year ended March 2025. The Trustees have adopted the provisions of the statement of recommended practice (FRS 102). Accounting and Reporting by the Charities Act 2011.

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

The Co-operative Bank PO Box 493

Swindon

SN4 4PL

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 2025

The Trustees present their report and financial statements of Glory and Fire Ministries International for the year ended 31st March 2025. 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 (FRS 102).

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.

Charity Objectives for Public Benefit

Glory and Fire Ministries International exists to serve the community and advance the Christian faith through the following objectives:

  1. Advancement of the Christian Faith Promoting spiritual growth through worship, prayer, regular Bible study, and training programs that equip individuals for a deeper relationship with God.

  2. Pastoral Care and Service

Providing compassionate pastoral support to our congregation, fostering a sense of belonging and spiritual well-being.

  1. Relief of Poverty

  2. Offering practical assistance to those in need—within our congregation, local community, and across the UK—through welfare initiatives and outreach programs.

  3. Mission and Evangelism

Empowering believers with confidence and capacity for evangelism, enabling them to share the Gospel and spread the Christian faith locally and globally.

THE BOARD

The Board of Trustees of Glory and Fire Ministries International is a well-equipped and highly committed team. Each trustee brings a diverse range of skills, expertise, and experience that provides strategic guidance and direction to the charity. Throughout the year, the trustees convened several meetings—both virtually and in person—to ensure effective governance and oversight of the ministry’s activities.

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Trustees are appointed in accordance with the charity’s governing document and supplemental deed January 2013. New trustees are identified by the existing Board based on skills, experience, and commitment to the charitable objects of Glory and Fire Ministries International.

Trustees are appointed for an initial term of three years and are eligible for reappointment subject to satisfactory performance and continued commitment to the charity’s aims.

Upon appointment, new trustees receive an induction which includes an overview of the charity’s governance structure, its governing documents, financial responsibilities, safeguarding policies, and Charity Commission guidance on trustee duties. Trustees are encouraged to undertake ongoing training to ensure they remain informed of legal, financial, and safeguarding responsibilities.

The Board meets regularly throughout the year, both in person and virtually, to review strategy, oversee financial performance, monitor risks, and ensure the charity operates in furtherance of its charitable purposes.

Achievements and Performance (2024/2025)

Glory and Fire Ministries International has experienced an exceptionally successful year, marked by growth, impact, and strengthened community engagement.

Key Highlights and Achievements

The Youth Ministry flourished through monthly services and dedicated programs designed to nurture spiritual growth and leadership among young people.

Multiple baptism services were held throughout the year, affirming our commitment to guiding individuals in their faith journey.

Our volunteer base grew exponentially, enabling the ministry to better fulfil its community objectives. To ensure excellence and compliance, statutory training sessions were conducted for volunteers throughout the year. We deeply appreciate the dedication and contributions of our volunteers, whose efforts remain central to the vision and mission of the ministry.

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FUTURE PLANS

Vision for 2026

As we look ahead, our vision for 2026 is to deepen spiritual impact, expand community outreach, and strengthen organizational capacity. Key priorities include:

We remain committed to serving our community and nation with excellence, guided by faith and a passion for transformation.

Public Benefit

The Trustees affirm that they have carefully considered the Charity Commission’s guidance on public benefit when reviewing the aims, objectives, and activities of Glory and Fire Ministries International. They are confident that the charity’s work continues to fully align with these principles, delivering meaningful impact to individuals and communities.

Risk Management

The Trustees have carefully reviewed the key risks facing the charity in relation to safety, operations, and financial stability. They are satisfied that robust systems and procedures are in place to identify, monitor, and mitigate these risks effectively, ensuring the continued integrity and resilience of the charity’s work.

Grant Making and Welfare Policy

Glory and Fire Ministries International actively supports charities and missionaries that share our mission of advancing the Christian faith and alleviating poverty. In addition, the church provides welfare assistance to congregation members in genuine need, following a careful and thorough assessment process to ensure fairness and accountability.

Safeguarding: The Trustees recognise that safeguarding children, young people, and vulnerable adults is a key risk area for the charity due to the nature of its ministry, youth programmes, and community outreach activities.

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The charity has safeguarding policies and procedures in place which are reviewed regularly and aligned with national safeguarding guidance. All volunteers and individuals involved in regulated activities are required to undertake safeguarding training and, where appropriate, enhanced DBS checks.

Safeguarding is a standing agenda item at trustee meetings, ensuring ongoing oversight and prompt action where risks are identified.

The Trustees are satisfied that appropriate measures are in place to minimise safeguarding risks and to respond effectively should concerns arise.

Financial Review

The charity remained financially stable during the year ended 31 March 2025. Total funds held at year end amounted to £27,692 , all of which were unrestricted funds.

The charity’s principal sources of income during the year were tithes, offerings, and voluntary donations from members and supporters. These funds enabled the charity to continue delivering its core ministry activities, community outreach programmes, and welfare support.

Expenditure during the year was primarily related to ministry operations, community outreach initiatives (including the Lynn Otti Free Food Shop), and essential administrative expenses such as the acquisition of extra space to accommodate our programmes. One salaried individual was employed during the year to support the charity’s activities. No trustee received remuneration nor benefits during the financial year.

Reserves Policy

The Trustees have established a reserves policy to ensure the charity can meet its ongoing obligations, manage identified risks, and support future strategic priorities.

The Trustees aim to maintain unrestricted reserves equivalent to between three and six months of core operating expenditure to provide financial stability and continuity of services.

In addition to this operational reserve, the Trustees have identified the potential purchase of a permanent church building within the next four years as a key strategic objective. While no funds are currently restricted for this purpose, the Trustees may designate a portion of unrestricted reserves towards a future building fund to support feasibility work, deposits, or related costs.

As of 31 March 2025, the charity held unrestricted reserves of £27,692. The Trustees consider this level appropriate considering current operational needs, the loss of premises risk, and longer-term plans to secure permanent accommodation.

The reserves policy is reviewed annually and will be adjusted as the charity’s financial position, risk profile, and strategic plans develop.

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Financial Outlook The Trustees are satisfied that the charity is of no concern and believe that Glory and Fire Ministries International is well positioned to meet its financial obligations for the foreseeable future. Plans are in place to strengthen financial sustainability through diversification of income streams, partnership development, and prudent financial management.

As part of the charity’s long-term strategy, the Trustees are exploring the feasibility of purchasing a permanent church building within the next four years. This is intended to provide stability for worship, community outreach activities, and programme delivery. Initial planning includes assessing affordability, potential funding sources, and the impact on the charity’s financial sustainability. Any decision to proceed will be subject to full trustee approval and compliance with Charity Commission requirements.

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report and financial statements in accordance with applicable laws and regulations. Charity law requires that financial statements are produced for each financial year, and the Trustees have chosen to prepare these in line with United Kingdom Generally Accepted Accounting Practice (UK Accounting Standards and applicable law). These statements must present a true and fair view of the charity’s financial position and its surplus or deficit for the year.

In fulfilling these responsibilities, the Trustees must:

The Trustees also acknowledge their duty to maintain accurate accounting records, safeguard the charity’s assets, and take reasonable steps to prevent and detect fraud or other irregularities. The attached financial statements have been prepared on an accruals basis and independently examined, with the examiner’s report included.

Approved by and signed on behalf of the Charity by:

Amina Dikedi-Ajakaiye 16 December 2025

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name GLORY AND FIRE MINISTRIES INTERNATIONAL ~~PO~~ On accounts for the year 31 MARCH 2025 Charity no 1171914 ended (if any) ~~eeeee~~ Set out on pages 10-12 ~~Po~~ I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2025.

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 examiner's statement

I have completed my examination. I confirm that no material matters have 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: 07/12/2025 ~~oo~~

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Name: ELIZABETH BESA Relevant professional ACCA qualification(s) or body (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).

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

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GLORY AND FIRE MINISTRIES INTERNATIONAL 1171914

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||||||||| |---|---|---|---|---|---|---|---| |Receipts and payments accounts|CC16a| |For the period|01/04/2024|31/03/2025| |To| |from| |ee|ee|ee|ee| |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|-|-| |services|70,327|70,327|72,248| |-|-| |GIFT AIDS|14,400|14,400|12,852| |-|-| |OTHER RECEIPTS|56,211|56,211|58,933| |-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |Sub total|(Gross income for| |-|-|140,938|144,033| |AR)|[ 140,938 ]| |A2 Asset and investment sales,| |(see table).| |-|-|-|-| |-|-|-|-|-| |Sub total|-|-|-|-|-| |Total receipts|140,938|-|-|140,938|144,033| |—————| |A3 Payments| |-|-| |COST OF CHARITABLE ACTIVITIES|140,063|140,063|137,451| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |-|-|-|-|-| |Sub total|[ 140,063 ]|-|-|140,063|137,451| |A4 Asset and investment| |purchases, (see table)| |-|-|-|-| |-|-|-|-| |Sub total|[ - ]|-|-|-|-| |—|Total payments|————|140,063|-|-|140,063|137,451| |Net of receipts/(payments)|875|-|- 875|6,582| |A5 Transfers between funds|-|- -|-|-| |A6 Cash funds last year end|21,629|- -|21,629|-| |Cash funds this year end|22,504|-|- 22,504|6,582| |SSS]|

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CCXX R1 accounts (SS)

22/12/2025

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Section B Statement of assets and liabilities at the end of the period Unrestricted Restricted Endowment Categories Details funds funds funds to nearest £ to nearest £ to nearest £ B1 Cash funds Cash at the bank as of March 2025 27,692 - - - - - - - - Total cash funds 27,692 - - ~~—~~ (agree balances with receipts and payments account(s)) Agreement Error OK OK Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest £ - - - B2 Other monetary assets - - - - - - - - - - - - - - - ~~=—===~~ Fund to which Current value Details asset belongs Cost (optional) (optional) B3 Investment assets - - - - - - - - - - ~~————~~ Fund to which Current value Details asset belongs Cost (optional) (optional) B4 Assets retained for the - - charity’s own use - - - - - - - - - - - - - - - - ~~====~~ Fund to which Amount due When due Details liability relates (optional) (optional) B5 Liabilities - - - - - Signed by one or two trustees on Date of behalf of all the trustees Signature Print Name approval Amina Dikedi-Ajakaiye 05/12/2025 ~~———~~ CCXX R2 accounts (SS) 2 22/12/2025

NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNTS FOR THE PERIOD 01-APR-2024 TO 31-MAR-2025

Note 1
Voluntary Income
Activities for generating
fund
Note 2
Cost of Charitable Activities
Governance Costs		 Analysis of Receipts (Incoming Resources)
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£		 Analysis of Receipts (Incoming Resources)
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£		 Analysis of Receipts (Incoming Resources)
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£		 Analysis of Receipts (Incoming Resources)
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£
Tithes 44,436 38,398
Other regulargivings 25,890 32,914
Other Activity Giving 5,534 5,458
Total 75,860 76,770
HMRC Charities 14,400 12,852
Total 14,400 12,852
Repayments/Refunds 54,410 54,410
Total 54,410 54,410
Analysis of Payments (Resources Expended)
Unrestricted
Funds
This Year
Unrestricted
Funds
Last Year
Analysis
£
£
Building,service charge,rates,insurances 36,052 34,479
Legal Fees/Surveys - related to
Acquisition of Extra Floor Space		 9,915 2,258
LOFFS (Formerly Bread Project) 1,200 1,470
Welfare 0 1,650
Utilities 6,080 4,789
ChurchOffice / OperatingExpenses 5,910 11,191
Other Ministry Expenses 9,780 9,546
Total 68,937 65,383
Examination/Professional Fees 787 556
Total 787 556