Company regists3Oon number.. 13656523 Chartty reglstratlon number.. 1204040 NEW GLORY MINISTRY TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Finsbury Robinson Ltd 237 Westcombe Hill London SE3 7DW
New Glory Ministry Contents Page Twstees, Report Independent Exarniner's Report statement of Flnancial A¢tiv*t5 (including Income and Expenditure Account) ststement of nancal Posltlon Notes to the Finandal Ststements 7-10
New Glory Ministry Company No. 13656523 Trustees, Report For The Year Ended 31 October 2024 The trustees present the1r pOrt and the financial statements for the year ended 31 October 2024. Objectives and Artivities Aims and Objectlves To advance the Christian faith for the benefit of the public throughout England & W8les by providing facilities for Christian WOFship and fellowshipi prayer, religious education, Christian beliets and practice5, Outreach and pastoral care for the Cal community. The charity has èdopted the following strategies for achieving the above objectives.. Provision of Weekly Church Service5 to minister to the physical, Spiritual and material needs of th& congre9ènts. Provision of service5 to individua15, farnilie5 and community at larye. The service includes a wide range of spiritual and social cafft. Provision of spirltual. physical and emotional support. offering homelhospital vSsits to the sick as well as deanlng and clearing services to those in need 15icklelderlyl- Supporting other charities. Offering our services to anyone In need of spirltual help through free Christian counsellingi prayers and deliverance solely on the basis of our abilrty to provlde appropriate help and regardless of ra, colour, nationalityi religion. gender, age, legal Status and personal history. Ach•evements and Performance Main Arhievernents The charity's programmes/actlvltSes were properly managed, executed and revlewed for its impact on rnernbe. We carried out a serles of vlslts to the eldeY as well as clearlng out the Infested home of a mernber and offered hot meals for those in need and unable to provide for themselves. We provided transport and a5515ted with shopping dulles for those who could not, and rTTrinistered to the physical, mental and spiritual needs of our tnetnbers both existing and new. Members experlences1te5btnonls were encouraging enough as membership continues io steadlly Increase. Flnanclal Revlew Flnanclal Positlon The charity was able to raise a total income of £57.243. Due to expenditure of £61.737 this resulted in a deficrf( of £4,494 for the year. Reserves Pollcy It Is the policy of the charfty to maSntain unrestrlcted funds which a the free reserves of the charity at a level whlch equate5 to at least I month of unrestricted expenditure. This provides sufficient funds to cover managetnent and adm¢nistration costs and to respond to emergencie5 whith may arise from time to time. The trustee5 have sel this as a target and are satisfied that the church Is In a positlon to meet Its flnancial obligations, fund its activities and contintse to grow. structure. Governance and Management Governlng Doeument The Charitable company 15 Constituted as a private company limited by guarantee and also governed by a Memorandum and Articles of Association. Trustee Sele¢tson Methods Genera51y. trustee5 are appointed by Board of Trustees. Trustees are appolnted by invltation as at V4hen required and dependln9 on thelr expertlse and reqU1ments of the charity- There are no new truslees appointÈd during the year. All trustees give their time voluntarily and receNe no benefits frorn the charity. Due to the n4ture of Charity work, trustees appointed have been selected on the basis of their faith, strength of character, skills Set in the èrea of business management and groYJth and commitment to the vision of the charity. Page I
New Glory Ministry Trustees, Report (continued) For The Year Ended 31 October 2024 Reference and Admlnistratsve Details Trustees Miss F D Kolawole Mrs M E Myrie lappolnted OII01/2025) Miss S F Myrie-srnith Charlty Number 1204040 Company Number 13656523 Registered Office 12 Brldge Close Romford RM7 OAU Independent Examlner Mrs G Fogarty Fin5bury Robinson Ltd 237 We5tcombe Hill London SE3 7DW page 2
New Glory Ministry Trustees. Report {continued) For The Year Ended 31 October 2024 Small Cgmpafiy Rule5 Thls report has been prepared in accordance with the speclal provlslons relatlng to cornpanies subject to the sfflall companies regime within Part 15 of the Companies Act 2006. The trustees, report was approved by the board of trustees and signed on its behalf by.. 29 Ocl 2025 MSSS S F Myrle-smith Trustee 28th October 2025 Page 3
New Glory Ministry Independent Examlner's Report to the Trustees of New Glory Minlstry For The Year Ended 31 October 2024 I report to the charity trustees oft tny examination cf the accounts of the Company for the year ended 31 October 2024. Responsibilities and Basls ot Report As the charity trustees of the Company land also its direttots for the purposes of cornpany lèwl. you are responsible for the preparation of the accounts in accordance with the requirnents of the Companies Act 2006 fthe 2006 Act"). Havlng tIsfied myself fhat the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinabon, I pOrt in re5pert of my exatnination of your charity s accounts a5 corried out uThler section 145 of the Charltles Act 2011 I'the 2011 Act'l. In carrying out my ex8minat¥)n I have followed the Directions given by the Charity Cornmisslon under section 145151 Ibl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no tnatter5 have corne to rny attention in connection with the exarninatlon glvlng me cause to belleve.. l. accounbng records were not kept In respect of the Company as requlred by settion 386 of the 2006 Act: or 2. the accounts not accord wlth those records., or 3. the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination,. or 4. the accounts have not been prepared in accordance with the method5 and principle5 of the Ststement of Recomrnended Practice for accounting and reporting by charities applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in Connection with exarnination to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Mrs G Fogarty 28th October 2025 237 Westcombe Pllll London SE3 7DW Page 4
New Glory Ministry Statement of Financial Activities (including Income and Expenditure Account} For The Year Ended 31 October 2024 2024 2023 Unrestrlcted Unrestricted funds fund5 Note5 INCOME AND ENDOWMENTS FROM: Donations and legacies Investments 57,242 57.962 57,243 57,962 EXPENOITURE ON: Charitable activlties.. ReligSous activlties 161,737) {60,2351 NET EXPENDITURE 14,494) 12,2731 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 14.4941 12,2731 11,026 13,299 TOTAL FUNDS CARRXED FORWARD 12 6.532 11,026 The notes on pages 7 to 10 form part of these financial statements. Page 5
New Glory Ministry Statement of Financial Position A5 At 31 October 2024 2024 2023 Unresttlcted funds Total funds Notes FIXED ASSETS Tangible Assets io 6,649 9,974 6,649 9,974 CURRENT ASSETS Cash at bank and in hand 996 1.052 996 1,052 credltors: Amounts Falllng Due Wlthln One Year 11.1131 NET CURRENT ASSETS (LIABILITIES) 11171 1,052 TOTAL ASSETS LESS CURRENT LIABILITIES 6.532 11,026 NET ASSErs 6.532 11,026 FUNDS OF THE CHARrrY Unrestricted Funds 6,532 11,026 TOTAL FUNDS 12 6,532 11.026 For the year endin9 31 Ortober 2024 the charitable compèny was entitled to exempbon from audit under Section 477 of the Companie5 Act 2006 relating to small cornpanSes. The members have not required the charitable cornpony to obtsin an audit in accordantt with section 476 of the Companles Act 2006. The trustee5 acknowledge their responsibllltSes for complylng wlth the requirements of the Act with respett to accounting records and the pparatIOn of accounts. These accounts have been prepared n accordance vlith the provisions applicable to companies subje¢i to the srnall compan5 regitne. Or) behalf of the board 29 Ocl 2025 Mi55 S F Myrie-smtth Trustee 28th October 2025 The notes on pages 7 to 10 form part of these financial Statements. Page 6
New Glory Ministry Notes to the Financial Statements For The Year Ended 31 October 2024 General Informatlon New Glory Mini#ry is a company limited by guarantee, incorporated in England & Wales, gisted number 13656523 a registered charity number 1204040. The gistered office is 12 Bridge Close. Romford, RM7 OAU. Accounting Policies 8asls of Preparation of Financi•l Statements The financial 5tatement5 h4ve been prepared in accordance with the Charit$ SORP {FRS 1021 "Accounting and Reporting by Charitie5'. Ststernent of Recotntnended Practice applicable to charities ptsparing their accounts in èccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective i January 20191. Financial Reporting Standard 102 'The Financlal Reportlng Standard appllcable in the UK and Republic of Ireland and the Companies Att 2006. The charitsble company is a Public Benefit Entity a5 defined by FRS 102. 2.2. Incomlng Resources Unrestritted Funds are available for use at the discretion of the trustees in furtherance of the gener31 objertive5 Qf the charity. Restricted funds are subjected to restrictions on their expenditure imw5ed by the donor. 2.3. Tanglble FlxÈd A$$¢ts and Depreeiatlon Tangible fixed assets ore measured at cost le55 accumulated deprÈtiation and any accumulated impairment losses. Oepreciation is provided at rates calculated to write off the cost of the fixed assets. less their estimated Idual value, over their expetted useful lives on the following bases.. Plynt & Machinery Fixture5 & Fittings 25% 25% 2.4. Cash and Cash Equivalents Cash and cash equivalents are bèsic financial assets and Include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three month5 frorn the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. In¢ome Donations and Leyacie$ 2024 2023 Unrestricted Unrestrscted funds funds Donations and gifts 57.242 57.962 Investment Income 2024 2023 Vnrestricted Unrestricted funds funds Bank Inte5¢ CeIVable Net Income/{Expenditure} The net expenditu is stated after chargingllcredlting}'. 2024 2023 Depreciation of tangible fixed assets - CV4ned 3.325 3,325 Page 7
New Glory Ministry Notes to the Finaneial Statements (contlnued) For The Year Ended 31 October 2024 Analysis of Expenditure 2024 Actlvlties undertaken directly Support costs Isee note 71 Total ReligK)us activities 19,623 42,114 61,737 2023 Adivities unt1ertaken directly Support costs (see note 7 1 Total Religious activities 12,365 47,870 60,235 Support Costs 2024 Religious activities Employee costs Premises expenses General admlnSstratlon Depreclatlon 3,107 31,884 3,798 3.325 42,114 2023 Rell9Sous actlvltles Ernployee costs Prernises expenses General adrninlstratlon Depreciation 3,271 35.747 5.527 3,325 47,870 Jndependent Examlner's Remuneration 2024 2023 as restated Independent examination of the financial statements 1,080 Average Number of Employees Average number of empSoyees during the year wa5.. NIL 12023.. NIL} Page 8
New Glory Ministry Notes to the Financial Statements {contlnued) For The Year Ended 31 Ortober 2024 10. Tangible A55ets Plant & Machinery Fixtures & FlttÈng$ Total Cost As at l November 2023 3.267 10.032 13,299 As at 31 October 2024 3,267 10,032 13.299 Depreciation A5 at l November 2023 Provlded dun9 the perlod 817 817 2,508 2,508 3,325 3,325 As at 31 October 2024 1.634 5.016 6,650 Net Book VHlve As at 31 October 2024 1,633 5.016 6,649 As at l November 2023 2,450 7,524 9,974 Credltors: Amounts Falling Due W6thln One Year 2024 2023 as reststed Accrua15 and deferred iTrcorne 1,113 12. Movement In Funds Asati November 2023 Asat31 October 2024 Income Expenditure Unrestritted funds General.. General unrestricted fund 11.026 57,243 161,7371 6,532 Total funds 11,026 57,243 161,7371 6,532 Asati November 2022 Asat31 October 2023 Prior year adjustment Income Expenditure unrestricted funds General.. General Un$tritted fund 13,299 57,962 160,2351 11,026 Total funds 13,299 57,962 {60.2351 11.026 13. Transa¢tlon$ wlth Trustees None of the trustses recelved any remuneration or any other benefits frorn an ernpyrnent syith the charity or a related entity during the current or previou5 year. No trustee expense5 have been incurred. Page 9
New Glory Ministrv Notes to the Financial Statements (continued) For The Year Ended 31 October 2024 14. Related Party Dlsclosures There have been no lated party transactions in the reporting perlod that require disclosure. 15. Company Ilmlted by guarantee The ¢ompany is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company. in the evenl of a winding up. such an amount as may be required not extteding Él. Page 10