2020-12-31-accounts - Greater Works Chapel International

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GREATER WORKS CHAPEL INTERNATIONAL

26 TENNISON WAY

MAIDSTONE KENT ME15 9GE

CHARITY NUMBER 1131578

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

AJN & CO LTD CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS

2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY

GREATER WORKS CHAPEL INTERNATIONAL

TRUSTEES:	Pastor Benjamin Acheampong
	Pastor Eric Nii Ankonu Otoo
	Mr Kojo Sam-Brew
	Mrs Regina Acheampong
SECRETARY:	Miss Krystal Mclntosh
CHARITY NUMBER:	1131578
BANKERS:	Barclays Bank PLC
	1 Churchill Place
	London E14 5HP
ACCOUNTANTS:	AJN & CO LTD
	Chartered Certified Accountants & Business Advisors
	2 Silver Streak Way
	Strood
	Rochester ME2 2GY
CONTENT:	1. Trustees' Report
	2. Accountant's Report
	3. Statement of Financial Activities
	4. Balance Sheet
	5. Notes to the Accounts

GREATER WORKS CHAPEL INTERNATIONAL

TRUSTEES REPORT

The Trustees have pleasure in submitting their report, and accounts for the year ended 31st December 2020. The financial statements have been prepared in accordance with the accounting policies set out on page 5, and comply with the Statement of Recommended Practice and applicable law.

Constitution, objective of the charity, principal activities and organisation of our work

The charity is constituted under a trust deed dated 4th July 2008 and is a registered charity number 1131578.

The objectives of the charity as set out in the Declaration of Trust are:

(a) The advancement of the Christian faith and

(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.

The church was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.

Public benefits, development, activities and achievements in the year

When planning our activities in the year, the trustees considered the Charities Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We helped ordinary people in the community to live out their faith through worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus Christ.

Transition to Online Services

In March 2020 we (the leadership team) decided to move our physical services online for the health and safety of our congregation, and for visitors who attend our worship services. The transition from physical to online was a smooth process for us, as prior to COVID-19 we were using Zoom twice a week to hold our Wednesday prayer service and Friday Bible study. Therefore, the pandemic only had a direct impact on our Sunday worship service (which is an integral part of what we do).

Congregation Welfare

The welfare of our congregation is very important to us. The pandemic changed the way that we interact with our church members, and ultimately took away our ability to have face-to-face counselling and fellowship sessions. GWCI has a church WhatsApp group which was set up in 2016, this platform has been used to communicate with the congregation throughout the pandemic. We also sent messages to congregation members individually to check on them, and to remind them that the Senior Pastor is available for counselling and prayer sessions virtually.

Leadership Team Meetings

Throughout the pandemic and to date the leadership team have continued to meet to discuss matters concerning the church. These meetings have been held virtually, and notes and minutes for each meeting are taken and kept for records. Future Developments

Currently our services and activities are still being held virtually due to a change in provision with the space we hired pre-COVID-19, and we are currently exploring other venue options that meets our needs as a church.

Physical meetings are very important to us, and over the pandemic we have had new individuals join our church zoom meetings that we have never physically met. Therefore as the government relaxed COVID-19 restrictions we have planned different recreational activities that will allow our congregation to come together in-line with government guidelines. Review of the financial position

The net incoming resources for the year amounted to a surplus of £11,744 all of which was attributable to the general reserves.

Board of Trustees

The members of the board of trustees during the year were

Pastor Benjamin Acheampong Pastor Eric Nii Ankonu Otoo Mr Kojo Sam-Brew Mrs Regina Acheampong

Approval

This report was approved by the board of trustees and signed on its behalf by:

Pastor Eric Nii Ankonu Otoo

Dated

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GREATER WORKS CHAPEL INTERNATIONAL

I report on the Financial Statements of the charity for the year ended 31st December 2020 which are set out below:

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed.

It is my responsibility to :

examine the accounts under section 145 of the 2011 Act,
follow the procedures laid down in the general Directions given by the Charity Commission
[ under section 145(5)(b) ] of the 2011 Act, and
state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Trust 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 matter.

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 matter has come to my attention :-

1) which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act 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.

Isaac Addai FCCA, FFA/FIPA, MBA(Finance), BA(Hons) Dated AJN & CO LTD

CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS 2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY

GREATER WORKS CHAPEL INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

Notes Incoming Resources Incoming resources from generated funds Voluntary income 1.3 HMRC Gift Aid 2 Total Incoming Resources Resources Expended Cost of generating funds Cost of generating voluntary funds 4 Charitable Activities 5 Governance costs 6 Total resources expended Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward	2020 2019 £ £ 8,992 13,572 17,483 - 26,475 13,572 198 139 14,183 12,238 350 350 14,731 12,727 11,744 845 (9,186) (10,031) 2,559 (9,186) Unrestricted	2020 2019 £ £ 8,992 13,572 17,483 - 26,475 13,572 198 139 14,183 12,238 350 350 14,731 12,727 11,744 845 (9,186) (10,031) 2,559 (9,186) Unrestricted
		13,572
		139 12,238 350
		12,727
		845 (10,031)
		(9,186)

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.

The notes on pages 5 to 8 form part of these accounts.

Notes FIXED ASSETS Equipment 3 CURRENT ASSETS Debtors 8 Cash in hand & Bank LESS CREDITORS: Amounts falling due within one year 9 NET CURRENT ASSETS / LIABILITIES TOTAL ASSETS LESS CURRENTS LIABILITIES NET ASSETS MEMBERS ACCUMULATED FUNDS Unrestricted Funds 11 GREATER WORKS CHAPEL INTERNATIONAL BALANCE SHEET AS AT 31ST DECEMBER 2020	2020 £ 984 249 12,818 13,067 (11,493) 1,574 2,559 2,559 2,559 2,559	2019 £ 577 249 1,897
		2,146 (11,908)
		(9,763)
		(9,186)
		(9,186)
		(9,186)
		(9,186)

Approved by the Board of Trustees and signed on its behalf by

Trustee Dated

GREATER WORKS CHAPEL INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. Accounting Policies

1.1 Basis of preparation of accounts

The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.

The accounts have been prepared in accordance with the Statement of Recommended Practice forCharity Accounts.

The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.

1.2 Tangible Fixed Assets for use by the Charity and Depreciation.

Tangible fixed assets for use by the Charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assests, less their estimated residual value, over their expected useful lives on the following basis;

Equipment fixtures and fittings 25% per annum.

1.3 Incoming Resources

Income from Tithes and Offerings, Grants and Other Income are included in incoming resources when they are receivable.

1.4 Value Added Tax

Value Added Tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.

2 Tax reclaims on donations and gifts

Gift aid receivable is included in income when there is valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the as the initial donation unless the donor or the terms of the appeal have specified otherwise.

3. Investment Income

Investment income consists of net interest received during the period.

GREATER WORKS CHAPEL INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

Equipmt, Fixtures Total & Fittings 2020 £ £ 3,608 3,608 736 736 4,344 4,344 3,031 3,031 328 328 3,359 3,359 984 984 577 577 Unrestricted Total Total Fund 2020 2019 £ £ £ 198 198 139 198 198 139 2020 2019 £ £ 2,311 4,976 291 86 646 2,044 44 99 1,750 850 130 180 539 764 1,080 1,410 205 205 88 179 124 146 - 102 685 950 328 192 440 50 4,318 - 408 - 796 - - 5 14,183 12,238 Total Unrestricted Funds	Equipmt, Fixtures & Fittings	Total 2020 £ 3,608 736
	£ 3,608 736
	4,344	4,344
	3,031 328	3,031 328
	3,359	3,359
		984 577 Total 2019 £ 139
198		139

		12,238

GREATER WORKS CHAPEL INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

6. Governance Costs Accountancy	2020 £ 350 350	2019 £ 350
		350

7. Trustee Remuneration

No trustee has received remuneration in the year. No trustee has had expenses reimbursed in the year.

There were no staff costs and emoluments and thus no employee whose emoluments exceeded £60,000

8. Debtors Social Security Rent Deposit 9. Creditors: Amount falling due within one year Other Creditors Accruals 10. Net Movement in Funds for the Period The net movement in funds for the period is stated after charging: Depreciation of tangible fixed assets - for use by the charity Accountancy Fee 11.Analysis of Net Assets between funds Unrestricted Funds:	Equipment Fixtures & Fittings 984	2020 £ 49 200 249 2020 £ 11,143 350 11,493 2020 £ 328 350 Net Current Assets less Liabilities 2020 £ 1,574 2,559 Total	2019 £ 49 200
			249
			2019 £ 11,143 765
			11,908
			2019 £ 192 350 2019 £ (9,186)