Registered Charity Number 1052064
GLORY LIFE CHURCH Report and Accounts
31 December 2020
GLORY LIFE CHURCH Report and accounts Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees Report | 2 |
| Accountants' report | 3 |
| Income & Expenditure Account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
GLORY LIFE CHURCH Charity Information
Trustees
Mrs Edna Wilson Rev. Godwyll Wilson Rev. Henry Anning Mr Kwabena Misah Boadi
Secretary
Rev. G. Wilson
Accountants
Ephraman & Co Chartered Certified Accountants 4 South Walk West Wickham Kent BR4 9JA
Bankers
Lloyds TSB Stratford Branch London
Registered office
Suite 201-202 Estuary House 196 Ballards Road Dagenham RM10 9AB
Registered number 1052064
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GLORY LIFE CHURCH
Trustees' Report
The trustess present their accounts and report for the year ended 31 December 2020 The trustess present their accounts and report for the year ended 31 December 2010
Objectives and Activities of the Charity
The objectives of the Charity as set out in the Declaration of Trust are:
a) the advancement of the Christian Faith in the United Kingdom and abroad b) the relief of persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom or abroad.
The principal activities of the church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenets to members (and nonmembers) of the Ministry at various meetings.
To achieve these objectives, the Church was involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
Achievements and Performance of the Charity
The Church continued to preach the gospel and increase awareness of the christian faith. Many people were ministered to during the year by way of prayer and counselling, and offered help and support as appropriate. Due to restrictions from the Covid-19, church services were conducted via Zoom. It was an opportunity for people who are not usually members of the church to conveniently join in from different parts of the world.
Future Development and other related activities
The Church will continue to focus its activities to meet the objectives of the charity. There would be more emphasis on Evangelism, Worship, and Missions. The zoom meetings will continue for the foreseable future. We plan to continue to enhance the relevance of the online prayer; encourage fastings and prayer for spiritual purposes.
Approval
This report was approved by the board on 25 February 2022.
E. Wilson Trustee
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GLORY LIFE CHURCH Independent Examiner's Report
Independent Examiner's report to the members of
We GLORY LIFE CHURCH report report on the Financial Stat on the Financial Statement ment for the year ended 31 December 2020 for the year ended 31 December 2006
You As the Charity’s Trustees, you are responsible for the preparation of the accounts; This report on the accounts for the charity for the period ended 31 Decemberconsider that the charity is exempt from an audit for the year ended 31 December2020, which2010. You have you consider that the requirement of section 43 (2) of the Charities Act 1993 (the Act) are set out on pages 4 to 6, is in respect of the examination carried out.acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 1006 does not apply. It is our responsibility to state, on the basis of procedures specified with respect to accounting records and the preparation of accounts. in the General Directions given by the Charity Commissioners under 43 (7) of the Act, These responsibilities include preparing accounts that give a true and fair view of the Respective Responsibilities of Trustees and Examiner state of affairs of the charity and of its surplus or deficit for the financial period. whether particular matters have come to our attention. As trustees you are responsible for the preparation of accounts. It is my responsibility to Inissue this report on those accounts.accordance with your instructions, we have prepared the accounts which comprise the Income
& expenditure account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations Basis of Independent Examiner's Report you have given to us.
My examination was carried out in accordance with the General Acceptable Accounting We have not carried out an audit or any other review, and consequently we do not express any Guidelines.opinion on these accounts.The examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes a consideration of any unusual items or disclosures in the accounts and seeking explanations from you as 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 view given by the accounts.
As We I ndepend described have e nt Examiners Statementxamined on the balance the abbreviated sheet you accounts are responsible set out for on the pages preparation 2 to 5, of together the accounts with the for the full year accountsIn connection with my examination, no matter has come to my attention: en dd ed of 31the31 DecembercompanyMarch 2008,for2008,thesetsetyearoutoutonendedonpagespages[date]4 4topreparedto11,11,andandunderyouyouconsidersectionconsider226thatthatofthethethe companycompanyCompanies is exempt Act 1985.(1) instructions, which from gives wean audithave me undercompiled reasonable sectionthese249A(1) cause unauditedof to the believe accountsCompanies that inActorder in 1985. any to assistIn material accordanceyou respect to fulfilwith youryour the requirements statutory responsibilities, from the accounting records and information and explanations supplied to us. * to keep accounting records * to prepare accounts which accord with the accounting records have not been met; or
(2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking
Afari E. Banwell BSc(Hons) FCCA The In connection with the examination, no matter has come to our attention: Ephraman & CoChartered Certified Accountantsdir ors are responsible for preparing the abbreviated accounts in accordance with section 4 South Walk
West Wickham BR4 9JA
25 February 2022
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GLORY LIFE CHURCH Income & Expenditure Account for the year ended 31 December 2020
| Income Income Direct Charitable Expenditure Ministry Expense Rent- Place of Worship Pastorial Team Ministry Gifts Evangelism & Missions Donations & Welfare Other direct costs Management & Administration Premises costs: Rent-Church Office General administrative expenses: Telephone and fax Stationery and printing Subscriptions Repairs and maintenance Depreciation Sundry expenses Legal and professional costs: Accountancy fees Surplus/(Deficit) for the year |
2020 £ 51,781 3,736 2,500 11,817 520 6,846 3,905 - 29,324 4,450 4,450 726 178 300 - 311 322 1,837 510 510 36,121 15,660 |
2019 £ 41,946 |
|---|---|---|
| 5,688 6,330 11,806 1,508 6,985 3,825 - |
||
| 36,142 | ||
| 4,462 | ||
| 4,462 | ||
| 714 295 300 1,250 389 278 |
||
| 3,226 | ||
| - | ||
| - | ||
| 43,830 | ||
| (1,884) |
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GLORY LIFE CHURCH Balance Sheet as at 31 December 2020
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Net current assets Net assets Capital and reserves Reserve 4 Total Funds |
39,796 | 2020 2019 £ £ 1,741 2,052 4,425 38,396 4,425 22,137 6,477 22,137 6,477 22,137 6,477 |
|---|---|---|
The trustees are satisfied that the charity is entitiled to exemption from the requirement to obtain an audit; and donors or members have not required the charity to obtain an audit.
The trustees acknowledge their responsibilities to keep accounting records and prepare accounts that accord with the accounting records..
E. Wilson Trustee Approved by the board on 25 February 2022
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GLORY LIFE CHURCH Notes to the Accounts for the year ended 31 December 2020
1 Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Income
Income represents grants, donations, and gifts, all of which are recognised on receipt basis
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Church Equipment 20% straight line Motor vehicles 25% straight line
- 2 Surplus/ Deficit
| Surplus/ Deficit This is stated after charging: Depreciation of owned fixed assets |
2020 £ 311 |
2019 £ 389 |
|---|---|---|
3 Tangible fixed assets
| Cost At 1 January 2020 At 31 December 2020 Depreciation At 1 January 2020 Charge for the year At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 |
Furniture & Fittings £ 2,525 2,525 2,307 44 2,351 174 218 |
Equipment £ 5,084 5,084 3,750 267 4,017 1,067 1,334 |
Motor vehicles £ 2,500 2,500 2,000 - 2,000 500 500 |
Total £ 10,109 |
|---|---|---|---|---|
| 10,109 | ||||
| 8,057 311 |
||||
| 8,368 | ||||
| 1,741 | ||||
| 2,052 |
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GLORY LIFE CHURCH Notes to the Accounts
for the year ended 31 December 2020
| 4 Reserves At 1 January Surplus for the year At 31 December |
2020 2019 £ £ 6,477 8,361 15,660 (1,884) 22,137 6,477 |
|---|---|
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