GLORY AND POWER PENTECOSTAL CHURCH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[st] March 2024
CHARITY NUMBER: 1204439
Table of Contents
Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report ……………………………………………… 3 Financial statements………………………………………………………………. 5 Statement of assets and Liabilities...………………………………………… 6
GLORY AND POWER PENTECOSTAL CHURCH
LEGAL & ADMINISTRATIVE DETAILS
YEAR ENDED 31 March 2024
ADDRESS FOR CORRESPONDENCE
Globa harvest ministries 100-114 Loampit Vale LONDON SE13 7SN
REGISTERED CHARITY NUMBER
1204439
GOVERNING DOCUMENT
CONSTITUTION ADOPTED 01/01/2020
TRUSTEES/ DIRECTORS
CHARLES OWUSU ANSAH DUGBAH MANOR NANA AMA KYEAFI JULIANA TETTEH
PRINCIPAL BANKERS
INDEPENDENT EXAMINER
DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT
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TRUSTEES’ REPORT
The trustees are pleased to present their report for the year ended 31st March 2024 for the charity Glory and Power Pentecostal Church with charity number. 1204439
The Trustees of the charity are:
CHARLES OWUSU ANSAH DUGBAH MANOR NANA AMA KYEAFI JULIANA TETTEH
The principal address of the charity is:
Globa harvest ministries 100-114 Loampit Vale LONDON SE13 7SN
Structure, Governance and Management
The Charity governing document is a constitution that was approved on 01/01/2020. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s 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 of residents 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.
Achievements and Performance
The main activity of the charity is holding of prayer meetings and lectures which are meant to advance the Christian religion. The charity also provided assistance to members who are in various kinds of needs and to the community at large.
The Charity have celebrated Christian religious festivals throughout the year and also produced and distributed Christian literature to enlighten the public about the religion. As a church, charitable deeds are the core of our operations and so the charity involves itself in charitable deeds whenever the need arises.
The Church also provided financial aid to members who were financially challenged. In the year coming, the charity wants to reach more vulnerable youth in London to offer them support to be able to transform them and raise them up to be responsible leaders in the society and the world at large.
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INDEPENDENT EXAMINER’S REPORT
Financial Review
The income of the charity was £5,428 for the period. The charity is also well positioned to manage its costs effectively.
Reserve Policy
It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. They will seek to maintain this level throughout the year.
Risk Management
The charity has 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.
This report of the charity for the year ended 31[st] March 2024 relates to the Receipts and Payment Account.
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Respective responsibilities of Trustees and examiner
The charity’s Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts (under section 43 of the Act)
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and
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state whether particular matters have come to my attention.
Basis of the independent examiner’s statement
My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner’s statement
In the course of my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:
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proper accounts records are kept in accordance with section 41 of the Act; and
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accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or
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to which in my opinion attention should be drawn in order to enable proper understanding of the accounts to be reached.
DAVID AKAKPO MA (FAM), ACMA, CGMA
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GLORY AND POWER PENTECOSTAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| UNRESTRICTIED | UNRESTRICTIED | 2024 | 2023 |
|---|---|---|---|
| INCOME | FUNDS | £ | £ |
| Tithes and offering | 5,428 | 5,428 | |
| Gift Aid | - | ||
| Grants | - | - | 0 |
| Total Income | 5,428 | 5,428 | 0 |
| EXPENSES | |||
| Charitable activities | 705 | 705 | |
| Insurance | - | - | |
| Legal and professional fees | 50 | 50 | |
| Office expenses, repairs & maintenance | 1,093 | 1,093 | |
| Rent | 2,980 | 2,980 | |
| Bank charges | - | - | |
| Computer running costs | - | - | |
| Repairs and maintenance | - | - | |
| software | - | - | |
| Subscriptions | - | - | |
| Advertising | - | - | |
| Bank interest - paid | - | - | |
| Entertaining | - | - | |
| Honorarium | - | - | |
| Motor running expenses | - | - | |
| Printing, postage and stationery | - | - | |
| Refreshments | - | - | |
| Telephone | - | - | |
| Travelling expenses | 180 | 180 | |
| 5,008 | 5,008 | - | |
| Net Surplus for the year | 420 | 420 | 1590 |
| Surplus as at 1 April | 1,590 | 1,590 | |
| Surplus as at 31 March | £2,010 | £2,010 | £1,590 |
| The receipts and payment accounts was approved on | 29/Jan/2025 | ||
| SIGNED ON BEHALF OF THE BOARD BY: | |||
| NAME: | CHARLES OWUSU ANSAH | ||
| STATUS | TRUSTEE |
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