God's Glory International Prayer Group (GGIPG) how kKwJd and how pleas1 h LI tsr TRUSTEE REPORT & FINANCIAL sfATEMENTS FOR THE FINACIAL YEAR ENOED 31 MARCH 2024 Charlty Rrflstratlon No: SC047598 Pa8elof7
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifi, ITS TRUSTEES AND ADVISERS Board of Trustees: Charlty Re8lstratlon No: SC047598 Pa8e2of7
TRUSTEES, REPORT STRucfuRE, GOVERNANCE AND MANAGEMENT Method of Appolntment or Election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Policies Adopted for the Induction and Training of Trustees New trustees are issued with an orientation pack that details their legal obligations under charity law, the charities decision making processes and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Charities Commission bulletins / updates are also forwarded to Trustee5 a5 and when issued. Objectives and Aims The primary purpose of God's Glory International Prayer Group IGGIPGI is the advancement Christian Religion and its value5 Wlthin the Scottish communitie5 a5 well as other parts of the world through prayer. We also aim to relief of poverty in communities within Scotland and other parts of the world and advantement of education, promotion of community development and the relief of those in need by reason of youth, age, ill.health, disability, financial hardship or other disadvantage. Page3of7
Principal fundlng sources Our main principal funding sources are from donations from members. Flnanclal Revlew The main source of income for the charity thi5 past financial year has been donations. Such donations totalled c Plans for the Future Periods For the coming year, the board plans to continue Its usual activities. We plan on intensifying our efforts with fundraisinB to increase our Income through this means. Trustees Responslblllty Statement For the Year ended 31" March 2024, the trustees are responsible for preparin8 the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards Iunited Kingdom Generally Accepted Accounting Practice) and the Charities & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2CKJ6 las amended). The provisions of the trust deed require the trustees to prepare financial statements for each financial year which give a true and fair vlew of the state of affair5 of the charity and of the incomin8 resources and application of resources including the income and expenditure of the charity for that perlod. In preparln8 those financial statements, the trustees are required to select suitable accounting policies and then apply them con515tently,' observe the methods and principles in the Charity SORP and OSCR, make judgements and estimates that are reasonable and prudent and prepare the fSnancial statements on the 80ing concern basis unle55 it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keepin8 proper accountin8 records which disclose wlth reasonable accuracy at any time the financial p051tion of the charity and to enable them to ensure that the financial statements comply with the Charities Acl 2011, the Charity IAccounts and Report51 Re8ulatior15 2CQ8, Charities & Trustee Investment Iscotlandl Act 2CQ5 and the Charities Accounts (Scotlandl Regulation$ 2C4J6 las amendedl. They are also responsible for safeguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ON BEHALF OFTHE BOARD.. God's Glory Internatlonal Prayer Group IGGIPGI Page4of7
INDEPENDENT INSPEcfoR REPORT FOR THE YEAR ENDED 31" March 2024 We have inspected and prepared the financial statements of God's Glory International Prayer Group IGGIPGI for the year ended 31st March 2024. The statement comprises of Income and Expenditure Accounts and Statement of Affairs and the related notes. This report 15 made solely to the charity'5 trustees, as a body, in accordance with Section 144 of the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, Charities & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl Regulations 2(K)6 las amended). Our work has been undertaken so that we mi8ht state to the charity's trustees those matters we are required to state to by law. Resp¢¢tl¥e respons5bllltles of trustees and audltofs As explalned more fully in the Trustees Responslbility Statement, the trustee5 are responsible ft>r the preparation of the financial statements which give a true and fair view. Oplnlon on flnanclal statements In our opinion, the financial statement5 give a true and fair view of the state of the charlty's affairs as at 31st March 2024 and of its incoming resource5 and application of resources for the year then ended. D.H.S.l.M, Glas80W. Independent Accounts verlfler Page5of7
INCOME AND EXPENDITURE Cash Bank 382.44 Total 382.44 Opening Balance from previous year Unrestricted Funds Restritted Funds Total Receipts Grants Fundraising Tolal Receipts Payments 470.51 470.51 470.51 470.51 326.63 326.63 Funds Reconclliation Opening Balance Icash & 8ankl from previou5 year Cash at Bank- 311312024 Surplus/lDeficitl for the year Unrestricted Fund 382.44 Restricted Fund Total to 311312024 382.44 709.07 709.07 326.63 326.63 7Q3.07 709.07 Page6of7
NOTES TO THE ACCOUNTS l. Basls of accountlng These accounts have been prepared on the Receipts & Payments basis in accordance with the Charities & Trustee Investment Iscotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amended). 2. Nature and purpose of funds Unrestricted funds are those that may be used at the discretion of the trustees in furtherance of the objectives of the charity. As in previous year, these funds came through donations from members. Cash donations for the financial year ended March 31 2024 came to a total of £470.51. This included donations from members totalling 470.51. These donation5 are unrestricted fund given for the running of the Charity as It deems fit. Related Party Transartlons No remuneration was paid to the trustee5 or to any connected persons durin8 the year. 3. Donatlons Unrestricted Funds £470.51 Restricted Funds Total 311312024 £470.51 Total Donatlons £470.51 £470.51 4. Payments made Unrestricted Funds Restricted Funds Total 311312024 Total Payments £143.88 annual payment for Zoom conference call. £143.88 5. Governance Costs Total 311312024 Accountants Fee Total 6. Depre¢latlon Policy No depreciation policy in place at the moment. Page7of7