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2021-04-05-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION No: 1123388

COMPANY REGISTRATION No: 06459027

Page 2-4 Report of the Directors Page 5 Statement of Financial Activities Page 6 Balance Sheet Page 7 to 13 Notes to the Financial Statements Page 14 Independent Examiner's Report

Independent Examiners Ltd

2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF

1

THE GREAT COMMISSION MINISTRY (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR YEAR ENDED 5 APRIL 2021

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1123388 COMPANY REGISTRATION NUMBER 06459027 START OF FINANCIAL YEAR 6th April 2020 END OF FINANCIAL YEAR 5th April 2021 DIRECTORS AT 5 APRIL 2021 Danilo Eustaquio Alma Ibale Rev Josefina Bolor Sammy Bolor Alejandro Romano Felix Perez Marife Colis

COMPANY SECRETARY

Alma Ibale

REGISTERED ADDRESS

1 Shepherds Bush Road London Middlesex W6 7NA

DATE OF INCORPORATION

21 December 2007

GOVERNING DOCUMENT

Memorandum and Articles of Association dated 21 December 2007, as amended by special resolution dated 15 November 2007.

BANKERS

Barclays Bank plc South Kensington Branch Kensington & Chelsea Group London SW7 4SU

ACCOUNTANTS

Independent Examiners Ltd 2 The Broadbridge Business Centre Delling Lane Bosham West Sussex PO19 8NF

OBJECTS

a) To advance the Christian Faith accordance with the statement of beliefs appearing in the schedule of the Trust Deed in London and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit. b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in London and in such other part of the United Kingdom or the World as the Trustees may from time to time think fit. c) To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit.

2

THE GREAT COMMISSION MINISTRY (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 5 APRIL 2021

ORGANISATIONAL MANAGEMENT

The Governing Body meets ordinarily at least nine times a year. The work of developing policies and monitoring implementation is carried out by the following principal committees:

RISK MANAGEMENT

The Great Commission Ministry continually engages in risk assessment to ensure that it adheres to the relevant Fire Regulations, Health and Safety compliance requirements and for the overall smooth running of Sunday services and all other activities that falls outside of the regular scheduled services. When it is not able to address risk issues using internal resources, The Great Commission Ministry take advice from external experts with specialist knowledge.

Policies and procedures within the church are reviewed by the relevant committee chaired by the Pastor. Financial risks are assessed by the Finance committee. In addition Stewards and Fire wardens meet regularly to review health and safety issues. Training courses are sought to members to enhance their skills in risk related areas.

The Governing body of the church has concluded that adequate systems are in place to manage risks.

OBJECTIVES AND ACTIVITIES

The Objects of the Charity and Church are as Follows:

A) the advancement of religion, education and learning, in particular but not exclusively by:

The Great Commission Ministry’s primary objective remains consistent with its original mission of sharing the gospel to win souls for Christ, as well as train, equip and prepare them for leadership and discipleship purposes.

3

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 5 APRIL 2021

B) Church Planting for the expansion of God’s kingdom. The Church’s main activities continues to focus on expanding God’s kingdom via building several satellite churches.

C) Our nine churches in the UK are currently operating differently due to the effects of COVID19. Household mixing was banned to control the spread of virus and therefore gatherings were conducted via online video meetings or telephone conference calls. As per government advice, we are assessing and carefully considering alternative ways of congregating without putting our people’s health at risk.

Statement of Director's responsibilities:

Company law requires the directors to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the company and of the profit or loss of the company during that period. In preparing those financial statements the directors are required to:

(i) select suitable accounting policies and then apply them consistently,

(ii) make judgements and estimates that are reasonable and prudent,

(iii) prepare financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report the directors have taken advantage of special provisions of the Companies Act 2006 relating to small companies.

We approve the attached statement of financial activities and balance sheet for the year ended 5th April 2021, and confirm that we have made available all information necessary for its preparation.

Approved by the Directors on …………………………………………………………………........ and

11th December 2021 Signed on their behalf by …………………………………………………………………………, Alma Ibale, Director

4

THE GREAT COMMISSION MINISTRY (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 5 APRIL 2021

Incorporating income and expenditure account

Notes
INCOMING AND ENDOWMENTS FROM:
Donations and Legacies
3a
Investments
3b
Charitable Activities
3c
Other Income
3d
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
4a
Other Expenditure
4b
TOTAL RESOURCES EXPENDED
NET INCOMING/ (OUTGOING) RESOURCES
Revaluation of Gift Aid Recoverable
6 & 9
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 TOTAL
TOTAL
Unrestricted Restricted
Year to
Year to
Funds
Funds
5 Apr 21
5 Apr 20
£
£
£
£
300,493
0
300,493
294,777
323
0
323
1,952
12,032
1,509
13,541
9,895
19,632
0
19,632
6,414
332,480
1,509
333,989
313,038
201,903
0
201,903
305,774
0
0
0
11
201,903
0
201,903
305,785
130,577
1,509
132,086
7,253
-42,859
0
-42,859
-40,444
1,336,079
29,261
1,365,340
1,398,531
1,423,797
30,770 1,454,567 1,365,340

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 7 to 13 form part of these financial statements.

5

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 5 APRIL 2021

Note
Fixed Assets
Tangible assets
2
Current Assets
Debtors
6
Cash at bank and in hand
7
Total Current Assets
Creditors:amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors: amounts falling due in more than
9
one year
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
Total Funds		 Unrestricted Restricted
Total
Total
Funds
Funds
05-Apr-21
05-Apr-20
£
£
£
£
1,170,201
0
1,170,201
1,173,829
112,496
0
112,496
112,254
142,540
30,770
173,310
169,274
255,036
30,770
285,806
281,528
1,440
0
1,440
14,320
253,596
30,770
284,366
267,208
1,423,797
30,770 1,454,567 1,441,037
0
0
0
75,697
1,423,797
30,770 1,454,567 1,365,340
1,423,797
0
1,423,797
1,336,079
0
30,770
30,770
29,261
1,423,797
30,770 1,454,567 1,365,340

For the year ended 5th April 2021 the company was entitled to exemption from audit under section 477(2) of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

11th December 2021

Approved by the Directors on………………………………………………………………………….. and

Signed on their behalf by …………………………………………………………………………, Alma Ibale, Director

6

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 5 APRIL 2021

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the Directors are virtually certain they will receive the resources; and

Incoming Resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report.

Investment Income

This is included in the accounts when receivable.

Investment gains and losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure and liabilities

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.

7

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR YEAR ENDED 5 APRIL 2021

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Changes in Accounting policies and previous accounts

There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.

Grants payable without performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Assets

Tangible fixed assets for use by the charity:

These are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows:

Equipment 25%

Motor Vehicles 25%

No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

Basis of preparation:

The financial statements are prepared on the historical cost basis convention (as modified to include the revaluation of investments) in accordance with the Charities Act 2011, "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102.

The Charity has claimed exemptions available in Section 1a of FRS 102 not to prepare a cash flow statement since it is a small charity.

2. TANGIBLE FIXED ASSETS
Cost
Additions
Disposals
Cost at
Depreciation
Charge
Disposals
Depreciation at
Net Book Value
06-Apr-20
05-Apr-21
06-Apr-20
05-Apr-20
05-Apr-21
05-Apr-21		 Land and
General
Fixtures &
Motor
Total
Building
Equipment
Fittings
Vehicles
£
£
£
£
£
1,157,912
72,697
21,018
6,500
1,258,127
0
468
0
0
468
0
0
0
0
0
1,157,912
73,165
21,018
6,500
1,258,595
0
59,837
20,009
4,452
84,298
0
3,332
252
512
4,096
0
0
0
0
0
0
63,169
20,261
4,964
88,394
1,157,912
9,996
757
1,536
1,170,201
1,157,912
12,860
1,009
2,048
1,173,829

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 2020/2021 : Mortgage (see notes 8 and 9), 2019/20 : Mortgage (see notes 8 and 9).

8

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 5 APRIL 2021

3. INCOME AND ENDOWMENTS FROM:

Notes
a) Donations and Legacies
Gifts, Tithes & Offerings
Gift Aid Tax Recovery
b) Investments
Rent Income
Interest Received
c) Charitable Activities
Building Fund:
East London
5
Main Fund
Repair
Mission Offering
Thanksgiving Offering
d) Other Income
Refunds
Land Compensation
Miscellaneous Income		 Unrestricted Restricted
TOTAL
TOTAL
Year to
Year to
Funds
Funds
5 Apr 21
5 Apr 20
£
£
£
£
257,307
257,307
260,500
43,186
43,186
34,277
300,493
0
300,493
294,777
0
950
323
323
1,002
323
0
323
1,952
1,509
1,509
2,264
5,720
5,720
3,675
120
120
95
2,575
2,575
2,019
3,617
3,617
1,842
12,032
1,509
13,541
9,895
152
152
1,900
19,480
19,480
0
0
4,514
19,632
0
19,632
6,414

9

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 5 APRIL 2021

4. EXPENDITURE ON:
Notes
a) Charitable Activities
Building Rental
Building Repairs & Maintenance
Certification & Licensing
Church Activity Costs
Communion Costs
Depreciation Expense
Equipment Costs
Equipment Repairs
Guest Speaker Costs
Gifts & Grants
Health and Safety
Insurance (Buildings and Contents)
Memberships & Subscriptions
Ministry Allowances
Mortgage Interest and Fees
Motor Vehicle Costs
Office Costs
Overseas Mission
Printing, Postage & Stationery
Refreshment Costs
Staff Costs
10
Supplies & Materials
Telephone Costs
Training & Education Costs
Travel & Subsistence
Travel & Subsistence (Overseas)
Utilities Costs
Accounting Support
Bank Charges
Legal & Professional Fees
Independent Examiners Fees
b) Other Expenditure
Miscellaneous		 Unrestricted Restricted
TOTAL
TOTAL
Year to
Year to
Funds
Funds
5 Apr 21
5 Apr 20
£
£
£
£
4,342
4,342
63,333
90
90
5,257
13
13
446
64
64
3,649
13
13
186
4,096
4,096
5,307
218
218
1,546
0
150
150
131
1,900
1,900
900
0
6,934
6,934
6,861
1,800
1,800
528
500
500
3,197
3,296
3,296
11,780
2,979
2,979
13,925
401
401
321
70,006
70,006
74,800
691
691
1,148
275
275
1,270
89,564
89,564
89,823
840
840
1,740
4,014
4,014
4,122
648
648
3,320
34
34
2,154
15
15
1,817
4,167
4,167
4,275
720
720
1,424
1,424
2,498
1,269
1,269
1,440
1,440
1,440
201,903
0
201,903
305,774
0
11
0
0
0
11

10

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 5 APRIL 2021

5. RESTRICTED FUNDS

5. RESTRICTED FUNDS
Building Fund (East London)		 Balance
Income
Expenditure
Balance
06-Apr-20
05-Apr-21
£
£
£
£
29,261
1,509
0
30,770

Restricted funds are wholly represented by cash reserves of the Church. The purpose of the Building Fund is for the upkeep of the church in East London.

6. DEBTORS AND PREPAYMENTS

Insurance Prepayments
Gift Aid Tax Recoverable*		 Unrestricted Restricted
Total
Total
Fund
Fund
05-Apr-21
05-Apr-20
£
£
£
£
18,927
18,927
19,012
93,569
93,569
93,242
112,496
0
112,496
112,254

7. CASH AT BANK AND IN HAND

Barclays Current No 1
Barclays Current No 2
Barclays Premium
RBS Current
RBS Mortgage A/c (see note 9)
Petty Cash
Independent Examiners Fees (2018 accounts)
Independent Examiners Fees (2019 accounts)
Independent Examiners Fees (2020 accounts)
Independent Examiners Fees (2021 accounts)
Mortgage (Church)
8.
CREDITORS:
AMOUNTS
FALLING
DUE WITHIN ONE YEAR		 Unrestricted Restricted
Total
Total
Fund
Fund
05-Apr-21
05-Apr-20
£
£
£
£
25,555
25,555
4,876
-2
-2
-2
90,407
30,770
121,177
142,566
21,885
21,885
21,734
4,595
4,595
0
100
100
100
142,540
30,770
173,310
169,274
Unrestricted Restricted
Total
Total
Fund
Fund
05-Apr-21
05-Apr-20
£
£
£
£
0
1,440
0
1,440
0
1,440
1,440
1,440
0
0
10,000
1,440
0
1,440
14,320

11

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 5 APRIL 2021

9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

Church Mortgage Unrestricted Restricted
Total
Total
Fund
Fund
05-Apr-21
05-Apr-20
£
£
£
£
0
0
0
75,697

The amount owed to RBS for the church mortgage was revalued at £85,697 as of 5th April 2020 due to the amount being calculated in prior accounts from estimated figures. £10,000 is shown under note 8, Creditors: amounts falling due within one year. During this financial year however, the morgage has been paid off in full and the RSB Morgage account is shown in note 7 with excess funds.

10. STAFF COSTS AND NUMBERS
Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions		 TOTAL
TOTAL
Year to
Year to
05-Apr-21
06-Apr-20
£
£
84,962
85,208
4,602
4,615
0
0
89,564
89,823

The charitable company operates the Inland Revenue's PAYE scheme and employs two full-time pastors and a number of part-time Church workers. Employees were engaged in the following activities:

Activities in furtherance of organisation's objects 2021/20
2020/19
TOTAL
TOTAL
4.5
4.5
4.5
4.5

No employee received emoluments in excess £60,000.

Two directors were remunerated for their services over year 2020/21 - net income as follows: Alma Ibale £5,280 (£5,280 (net) - 2019/20), Josefina Bolor £28,200 (£28,200) (net) - 2019/20).

Directors are reimbursed for travel and petrol. No other payments were made to directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a director or any person connected with them.

12

THE GREAT COMMISSION MINISTRY

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR YEAR ENDED 5 APRIL 2021

11. RISK ASSESSMENT

The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

12. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charitable company's size and the level of financial commitments held. The Directors aim to ensure the charitable company will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

13. PUBLIC BENEFIT

The charitable company acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charitable company has achieved this are provided in the Directors report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charitable company should undertake.

13

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

I report on the accounts of the company The Great Commission Ministry for the year ended 5th April 2021 set out on pages 5 to 13.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a Fellow of the Association of Charity Independent Examiners.

Having satisfied myself that the charity is not sublect to audit under company law and is eligible for an independent examination, It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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 explanations 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no other matters have come to my attention:

  1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 41 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the

  4. accounting requirements of the Act; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

P B Robinson MAAT FCIE Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham W. Sussex PO18 8NF

Date: 14th December 2021

14