MISSION THE GLORY OF CHRIST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2024
CHARITY NUMBER: 1183811
MISSION THE GLORY OF CHRIST 59 LARCH AVENUE GUILDFORD GU1 1JZ
INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6
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MISSION THE GLORY OF CHRIST
TRUSTEES’ REPORT YEAR ENDED 30[TH] APRIL 2024
The trustees are pleased to present their report for the year ended 30[th] April 2024 for the charity, Mission the Glory of Christ with charity number 1183811.
The Trustees of the charity are: Geraldo da Silva Pacheco Edir Maria Da Silva Santos Fabiana Nunes
The principal address of the charity is : 59 Larch Avenue Guildford
GU1 1JZ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO – Foundation Constitution registered 10[th] June 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several events during the year in which individuals came from all around the community to attend. The pandemic meant that all meetings were suspended and were help online
.
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FINANCIAL REVIEW
The income of the charity is £21000. This is a good amount for this year of the charity the costs have been managed over this period. The organisation is still in a good position to manage its costs.
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RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 28[th] February 2025 and signed on their behalf by:
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MISSION THE GLORY OF CHRIST
ACCOUNTS FOR THE YEAR ENDED 30th April 2024
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Donations Total Receipts Direct Charitable Expenditure Rent Refreshments Professional fees Supplies Travel Repairs Church Events Telephone Storage costs Other Expenditure Equipment Instruments Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
£/ 2024 £/2023 21323 10200 |
|---|---|
| 21323 10200 |
|
| 2578 5760 38 816 180 180 12783 1403 127 1957 222 870 101 3600 |
|
| 20499 10116 0 0 0 0 |
|
| 0 20499 10116 824 84 343 259 |
|
| 1167 343 |
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MISSION THE GLORY OF CHRIST
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2 Statements of Assets and Liabilities at 30th April 2024
Monetary Assets
Cash Funds Unrestricted Funds
£/2024 £/2023
£
Cash at hand and in bank 1167 343
Total Cash Funds 1167 343
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments
Equipments
Liabilities
Professional fees 190 190
These accounts were approved by the trustees and signed on their behalf by:
Fabiana Nunes
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MISSION THE GLORY OF CHRIST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th April 2024
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.
Funds
The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.
The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO
Public Benefit
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Depreciation
Depreciation is calculated at 20% reducing balance method.
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