(Registered Charity No- 11814681 Greater Faith Ministries Trustees, Report and Accounts For the Year Ended 01 July 2023
Greater Faith Ministries Trustees, Rq)ort and Accounts cONfE8 PAGE Legal and Administrdtive Delails Trustees, Report Independent Examiners. Report Statement of Financial Activities Balance Sheet Notes to the Accounts Detailed Statcment of Financial Activities io IIPage
Greater Faith Ministries TTUStees' Report and Accounts REFERENCE AND AD3IINJSTRATIVE DETAIIS OF TIIE cHATy. ITS TRUSTEES AND ADVISERS FOR TIIE YEAR ENDED I JULY 2011 Trustt Morfenc Lorraine Miller 2. Bishop Lctmox Hamilton {Chair) 3. Gladys F.lainc McNcil 4. Shirlcy HamiltOD Cknrlty regls¢ered Numb¢r 1181468 DJt¢ofcb•rfjt#ble vrylstrilon January 2019 Prlntlpl offl¢¢ *ddTtS• Sedgehill Communiiy CeNire 69-84 S¢dg¢hill Road SE6 3QN St¢rrthry Independeot ¢Mmthen NF Financial Solutions Ltd- Clo GoodioGive BAukt Barcjays Bank PLC 21 PaLJe
Greater Faith Ministries Trnstees, Report and Accounts TRUSI"EES' REPORT FOR TKE YEAR ENDED I JULY 21)23 The Board of Tnee& who are th¢ trustres for ¢1]ty law purpw submit theirannual TeEK>n a1 the rillEnciat Swiemcllts 0[Gter Faith Ministhes for the yvarended l July 2023. The Board of Trust¢ confllms Ihat Ihe annual r¢pon and financial sthlem¢nts of ihe Charity eotnply with currcni statutory rwutfements. the requirements of the Chariws governing dUment and the provisions of the Statemeni of Re¢ommended Praclice (SORP)'A¢¢oun¢ing and Reportin8 by Charities (tevi5d 2005),. Struetur4 EoYern8nce gnd m#nagtment The 4 Trustees #re: l. Marlene Lorrdine Miller 2. Bishop LeThnox Hamilton (Chair) 3. Gladys Elaine McNeil 4. Shirley Halllilion The Trustecs play a primary mle in eL8utiDg gMI governance and functioning of thr fOU18t10[L Th¢ Board's role. funclions and responsibiliiie5 3fE quitc clearly defiDuL The Charity currently h&$ addic81 team of Advisory iN)ard membas iti thc UK who have beltd to s¢¢ure financial support and to the fiJDJre plaDning of the 0110. Governlng rfoeumeni: Greater Faiih Minisiri¢s is a Charitsble locotporateJ orynilI0ll ICIOI 2nd Tegiskred as a Cbatiiy 8 January 2019. The charÉty is governed by its co]1u1]On dated l July 2018. Re¢ruitmeut and appolmtment oftrust The mmbeTS of the Generdl TTUSt¢e Board ar¢ In¢$ forthe PUF ofcharity law. New trustees may be appointcd by resolulion of a metting ofthe tsisiecs. Much of the charsty's wotk focuses upon th¢promlOn ofthe Cbristian religion 2nd the nmning and maintcnancc of its places of worship. The Getterdl TtLLStee Board seek5 to eTwre that the need% olthis gmup aTe appn)priately reflec1 through the diveT5ity of thc trustec body. To enharKe the w>lelltial px>l oltrustre4 the charity h&s, through selcctivc advertising aTHI nctworking with voluntary OTwdnizatioThs actsve in the %¢tor, Soug to idcniify those who would be ws11in8 to become rneTllbeTS of the charity aDd thcir own perieN to assi the charity. Risk MaDagernen¢: We are committed to a policy of idenlifying. rnoniioring and managiD8 the Tisks that rnigbt adv¢ts¢ly afEe¢t th¢ aclivities in whictrL we ore involved. la this contexi risk is d¢re as the pTrtential to fail to aehieve charity objcctivcs and for lo&s. fanCIal aDd t¢pUlOaL ID the enviroDTneDi iu wbi¢h we oper in the nature of the transactions undenaken. The principal risk of th¢ ¢harity hs b¢eD its thp¢ndetv on volunlary income. TnL5WS hav¢ tnitiad various processe5 to mitigate sucll risL 50 ihat the charity h&$ su1CleI reseTYe in the eyellt of adverse condilion(s). The have also examinrAJ otherwi0 atsdbusiness Tisks wbi¢h they face and thal they have takcn stq>s to mitigate the Si1fiL7I risk Publlc Btneltt". The Tnjstees have complied with the duty in Srttion 4 of the Chariiie5 Act 26 and have paid due regard to public bler7¢ when pirpariDg ihis The benefii piovided to the public is CO81$ttl with tbe aims of the chariiy in UL
Greater Faith Ministries Trustees, Report and Accounts TRUSTEES. REPORT FOR THE YEAR ENDED I JULY 2023 Objetlives Xctiwities: To adv2nce the Christian faith for the benefit of the public in accordance with the ststements ofbelief appearing in tbe schedule. To promote fvr th¢ benefit of the iobabirattts ofLoodon aod th¢ SUfToundÈng area the pwvision or racililies for recreation 01 othcr leisutE lime (cupaiioll ofindividuaEs who hav¢ oecd ofsucb faciliiies by reason oftheir youth, age. fftnfimiity oribsablemeftL financial hardship or s(Kial ond CnOMiC ircumstanc or for the public at looe tn the int¢nSLS of social wclfare and with the Obil of improving th¢ condition of life of the said inhabitsni Tv as a rcsource for youThg people by woviding advice and assists and urganising Pro8[1]¥t> ofphysical. cducalional and other activiiies a mcans of: advancing in lifc aTMI hclpin8 youn¥ people by dev¢knping ttr ski115. Capaciti and pabililics to ellable them to participate in 9)cicty as independeni, mathrc and rcspon5ibl¢ individuals- advancing cducation Fln•ncll rtvlew: The lorgest eontribulion to th¢ charity for the year came from Sen1 offuin8& The charity Iw b¢gun i charithble octivities from its inwtion. The Charity currenily to designa th¢ totsl fund r¢c¢iv¢d l¢ss ¢xpew lor thc nuin objective of th choriiy. Pl4Trs for future perlods: The Chariiy plans to develop various fundraising strategy to include mass maTk¢iing. Besid&% m&s5 markeling an¢J cvenis, Ihe Lharity 1$ aiming to achicvc its thr8cts through sccuring donaiions from willing individuals. A d¢vLlopmcni board muy bc crLolcd to hclp incllbdc othcr avcnucs offundraising 10 be in ihc ycarly pro8rarnm¢. Siaiement of Board of Trnstees. ruposlbllltles The Board of TnJses are responsible for pveparin8 the Annual W 8Th1 th¢ financial sthmcnts in occordan¢¢ with applicable law and Uniied Kin8thm Gencrnlly Acccwcd AccoyntinB Prxti¢e. Charity law applicable to charitics in Englandal¢S r¢quirfs the Bwd of Tntte$ io pr¢pare fthatlcial siaicm¢nts for cach financial ycar which gives a Irue and fair view of th¢ ofulTair5 of th¢ Charity and of ihe surplus or dcficil of Ihe Charity for thal perio In preparing those financial stsiements the Board ofTrusie¢s have: S¢1¢¢t suitable accounting policics and applicd them consistenily. Made judgments and e$iimaLes ihai ar¢ reasonable and prudcnt, Stat¢d whiihL'ropplic8ble Jccountiog sthndards havc bccn followC wbj¢ct to any material dcparturLS di5closcd and explained in the fina11 Stan¢n and Prcparcd the financial stst¢m¢nts on a going corKern basis (unless il is inappropriale lo presume thal the Charity will continue in operation). The Board of TTU5ttts has overa]I [pOnSIbl]I1Y for ensuring ibe Chariiy h&% an wrt>pri&te sy51em of controls. fthuneial and otherwise. They arc also ¥nSible for keeping proper aceounting records which discloq¢ with re&sonable accuracy at any time ihe finathciAI $7110n of the Charity and enable Ihem lo cthwre that ihe fLnancial Sthi¢ments comply with the Charitie5 Act 1993. They are also r¢spoThsible for safeguarding the 41Page
Greater Faith Mknistries Trustees, Report and Accounts TRUSTEES. REPORT FOR THE YEAR ENDED I JULY 2•U d&sets' ofthe Charity and hence fortsking re&4Mble SIq for thedetection and pr¢v¢ntis)D of fraud and othcr irreglllariLii The Board olTrustetS 15 respon1¢ for the maintenance znd inlegrity ofthc CO)rate and rtnancial infotion. Legislation io th¢ Untt¢d Ktngdom governing the pparatIOn 2nd dis¥cminatson orrukwcial stat¢rnenLS may differ from legislaiioTr in other jurisdiction Strment ofdisclosure of infornution to independent examincr We. as ihe Tnkstres of the Charity who held offe at the ofapprovaj of these financial sratements as sei (wt on page 2 e2eh collfirnL so forls we are awate. thaL' There is no relevant infornl10n ofwhich the CharlS independent examiner 8reunaware' and we have iakcn all ihe ep$ ihat we ought io have taken &8 Tnwe¢s in ordcr to makc OUT5clve5 aware of any relcvattt infotnJaiioA knd io tstablish tbai the charitys indcpendcttt ¢xamin¢r 15 awwr of ihat infortnatioD. Indep¢ndent Ex4mlner. The Charitys tndependent eKamincr. NF Financial Solutions Ltd &MxI to Give IAd, has indicatcd their willingn¢5s lo offcr thcmsclvcs for appointmthi. was approve41 by th¢ T$1¢¢$ on and sign¢d oll theirbebalf by: Date: 20 Zt-P- SIPage
Greater Faith Ministries Trustees, Report and Accounts INDEPENDENf EXAMINER'S REPORT FOR THE YEAR ENDED I JULY 2011 I report on the financial 5tstements of the charity for the year ended l July 2023 which comprise the Ststement of Financi81 Activities and Balan¢¢ Sh¢rt with a5sociatc notes. This report is made solely to the Chari5 Tn]S¢s. as a l%Mty. in accordanc¢ with se¢iion 145 of the Cljarities Act 20112nd rryulations made under section 154 of thai Act My work h&s been underthken so that l rnight state to ihe charity's Trustees those matters I am rcquired io ststc to thern in an 1ndqent cxamin¢rfs rctrf)rt and lor no other purpose. To the fullesL extent nn1td by law. I do Dot accept orawjme rcspongibility lo anyonc other than the charity and the chority's Truste as a body. ftsr my em1&110 worL RESPECTtVE RESPONSIBILfTILS OF TRUSTEFSAhT• EXAML)TR The charitys TrUe£S arc rEsponsible for the preparation of tbc finan¢tal sthierncnts. and they considcr that an audit is not required for this year]llJd¢r section 144(2) of thc Ch#ritiL% Act 2011 (thc Act) and th an independent eumlljation is n¢edeiL It is my responsibility to: Examine the accounts {wthrSedion 145 ofthe Ctartlits Act)" To follow the procedures laid dovrn Rn the General Directio given by the Charity Comtntssioners (under Sertion 145(5)(b) ofthe Charili¢s Art)- and To 51atc whether particular matters have corn¢ io my attentisML Basis of Independent ExamlTher's report My exarnination was catri¢d out In with the General DirECtions given by the CTharity Commis5ioThers. An examination includes a review of the accountln8 records kepi by the GmuCharIty and a eomparison of the accounts Prnd with thosc records. It also includes consider21ioth of arjy unllsual items or disclosures in the aCU and sceking cxplanaiioos from you as inS concerning any such matters. Th¢ procedures undertaken do noi Provide all the evideoce ihat would be requircd in an audii and consequcntly no ¢)pinitsn is given tsp whether the acwunts pwe5ent a'tru¢ atvj fair. view and the reprt is IiTllited fo those lterS set oul ID th¢ sTrment below. Independent Ex4m1ntS st*temtnl In conn¢¢tÉon with my examinatio no matter IMS ¢otDe to my aoentson: l) which gives me reasonable to btlieve that in any Tnatcrial respeti the trqyiremcnls.. to keep accounting rLYords in accordance with wiion 130 of the Act. and lo prcparc financial ststtmeixts which accord with the accouuting rrcords and comply with the accounting tequirements of the Act have nol been met" or to whL¢h. in my opinio[4 attention should be dtawD ID order to el&1¢ aprop ullderstaDding of thc finaneial statements to be rea¢hed. Signed: Dated: 26.04.2024 Basthlyan IL L C & Rodrigo ( BscAccotsnt3ncy. MBL ACASU FFAIFIPA) On behalf ofNF Financlal Solutions Ltd 61PaEe
Greater Faith Ministries Trust¢es' Report and Accounts STATEi¥IENf OF FINthCIAL AcfivTrIES FOR THE YEAR Ehl>ED I JULY 2023 Totsi F*ttds Toul Funds 2023 2023 2022 IDComlDertuT¢r Gerthl offering 6& 41.993 Gift aid 4J61 Invesinxnl incomB Toial Ineomlffil 6&7 46.55K Re50Krctt tiptThd¢d Direct chari¢ableeApcndthwe 46261 38J47 Gorne¢0¥ts I.oKo TolAI Rewurceg rApefjded 47Jll 47J¢l J9.427 Moyttncni its forthe yCU- Ncl incofflr Fortho yellt 7.130 Oth¢rfyirt• l¢bBl T¥d 21883 47 47159 28.613 71Page
Greater Faith Ministries Trustees, Report and Accounts BALANCE SHE AS AT I JULY 2023 2023 2022 Note FIXED ASSETS Building CURRENfASSE15 tkbioys 81 1.029 27584 Cash at bank 48.059 139 2&613 CREDITOILS: anKJuTht$ falling due within Me year 1,080 L Er CURRENT A&SEts 47IIS9 28.613 NET AssErs 47 28.613 CIIARTfY FUNDS Uurfstiided fuDd5 47.059 28,613 RtstrictLxI fvryl$ TOTAL FDs 47,059 613 The fman¢ial #atements were approv by the Tr5¢$ on atKI signed QD their W£ by: Date: The notes on page 9 fomi part of these financial sfaments
Greater Faith Ministries Trustees, Report and Accounts NOTES TO TIIE FIPIAf4CIAI. STATLMENT FOR THE YEAR ENDV.D I JULY 2022 AccouiYfiNG POLICIES Basis of prepar%*ion of fiDanci41 statements The financial stat¢mcnts hav¢ been prepared under thc hÉstoriul cost con110 with the cxccplion of investments which arc inclydcd at mttTket valuc. and in accordancc wilh th¢ Financial Reporting Stsndard for Sm211er Entities {effwtive April 2008). The ftnan¢ial statrmellt5 have bcen prepared in accordance with ihe Su¢ement of Rrconlluellded Pra¢ti¢e ISORP), 'Accounling and Reporting by Chariiies, published ID March 21K>5 and applicable accounting stslndanl ia Fund aecountlng Generdl funds are unrestricted funds which are available for use at the distIOn ofthe Trustecs in further8ce of the gcneral objectives of thc charity and which havc noi bccn Il¢signaied for othcrpurposes. R¢3tTi¢ted funds are funds which are io be used in accordance with specific Testriciions imposed by donors or which have been rdised by the charity for particular o$C$. The costs of raising and admtnistering such funds are ¢harg¢d against the specific fund. The aim and use of cach re5trict¢d fund ar¢ sel out in the notes to ibe fiHan¢ial stat¢ments. Incoming resources All iticoming tesources a included in the Statement of flnancial activities when the charity hds entitlement to the funds. certainty ofreceipt and the amount canbe me&sured with sufficient lIability. l)onated servic¢5 or factlitie& whicb comprise donat¢d seTVi¢E4 atE illrluded in income at a valuation which is an ¢stimate of the fITnCIal cost bornc by ihc donor where such a cost is quantifiablc and mc&surabl¢. No income is ognised where therc is no fancIal co$t bom¢ by a third party. Income t&x rccovcrdble in rclation to donation$ receivuj under Gift Aid or dccd5 of ¢ov¢nant is rwogn15cd at tho lime of the donation. Resources eypendcd Expendittjre is accounted for on an a¢cTuals bysis and has been included under expense ¢ategJories that a8grcgate all costs for &llocation to activiti¢s. whe costs cannot be dilrctiy attribu(ed to particular 8etiviiie& they have been ¥llocated on a b&sis wnsisient with the use of th¢ resources. Fundrnising costs are those incllrred ttj seeking voluthtsry contributions and do not in¢lllde th¢ costs of disseminating infoTmation LTE SUPPOrt of the charitabl¢ tIvIties. Support costs 1c Ih05e costs incurrcd dtrcdly in support ofcxpcnditllrc on ihe objects ofthe charity and includc projeet managemcnt Cried out at Ilcadquartcr& Governan costs arc those in¢u¢d in ¢onnrftioll with odminisir4)titsD of the ch4rity tsnd cojnpliancc wilh constLtlltional and $thtutory requirem¢nts. Tn1¢¢ Eiy¢M$e$ During the year Trustee ¢XP¢D5e5 totall £16,80012022.. £16.800}.
Greater Faith Ministries Trustees. Report and Accounts DETAILED $rATEIENT OF FINANCIAL AcrivtnLS FOR THE YEAR EIYDED I JULY 2023 Unreslrfdtd Restricted Tot*1 Funds Total FndS 2023 2023 2011 2022 IttcomiDg T¢WUT¢es General offeriTrgs 65.788 6&788 41.993 Gill wd 4,564 Total ltseoming 6S788 46,558 Ruour¢cs exp¢od¢d Advcnising 8(K) 81 266 Insurancc 1530 1.530 1,5117 Pri¢5t 16.8(W) 16.¥ 16.800 Zoom cosi 267 267 221 G¢n¢rlll ¢x[S 122(Y) 112(Kl 3.136 Musician 1.433 ,433 6S5 R¢nl 16.81 16.800 13,621 Gift & donaiiotts 1.450 1.450 81K) Coach Hire & Equipmenl 8.8119 8,889 1.620 Gov¢mwKe cost5 1.080 1.080 TotAI Re50urfes eipended 47J41 47J41 39.427 Net I¢¢ l (expenditure) 18,446 18.446 7,130 IOIPage