2020-12-31-accounts - Great Commission Ministries

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Page
Charity information				1
Trustees' Annual Report			2-7
Statement ofdirectors'	responsibilities		8-9
Independent Accountant's		Report	10-11
Funds Sfafsments:-
Statement of Financial	Activities			12
Statement of Financial	Activities - Prior Year statement			12
Statement oftotal recognised gains and losses				13
Movements in funds				14
Income and Expenditure		account		15
Balance sheet				16
Notes to the accounts			17-	25

The financial	position	ofthe charity at 31 December 2020	and comparatives	for the prior period,
as more fully	detailed	in the accounts, can be summarised	as follows:-
			2020	2019
			6	f
Net income			(2,553,643)	(150,193)
Unrestricted Revenue Funds available for the general purposes ofthe charity			215,529	2,769,170
Total Funds			215,529	2,769,170

			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	TctsiFunds	ToisiFunds
			Funds	Funds
			2020	2020	2020	2019
			0	8	0	8
Income &Endowments		from:
Donations &	Legacies		198,633		198,633	47,788
Investments			5		5	5
Total income			198,838		198,638	47,793
Expenditure	on:
Charitable activities			94,850		94,850	197,986
Other			2,657,431		2,657,431
Total expenditure			2,752,281		2,752,281	197,986
Net income	for the year		(2,553,643)		(2,553,643)	(150,193)
Netincome	aftertransfers		(2,553,643)		(2,553,643)	(150,193)
Net movemsnt in funds			(2,553,643)		(2,553,643)	(150,193)
Reconciliation offunds:-
Total funds	brought forward		2,769,170		2,769,170	2,919,363
Total funds	carried forward		215,527		215,527	2,769,170

							2020	2019
							5	6
Surplus for the year i-
Net excess ofincoree over	expenditure	frore operations		before	lax		103,788	(150,193)
Realised gains/(losses) on	the disposal	oftangible	fixed	assets			(2,657,431)
Realised gains on disposals ofsocial investments			which are programme			related
Income from operations	before taxin	the Statement		ofFinancial Activitea			(2,553,643)	(150,193)
Net Movement in funds before taxation							(2,553,643)	(150,193)
Funds generated in the year as shown		on Statement ofFinancial Activities					(2,553,643)	(150,193)
The notes attached on	pages 17to	25form	an integral		part of	these accounts.
GREAT COMMISSION	MINISTRIES - Resources applied					in the year ended	31 December	2020
towards fixed assets	for Charity	use:-
							2020	2019
							6	6
Funds generated in the year as detailed in the SOFA							(2,553,643)	(150,193)
Resources applied on functional fixed assets								(8,188)
Other applications offunds
Net resources available	to fund charitable activities

			Unrestricted	Rsstricled	Total	Last year
			Funds	Funds	Funds	Total Funds
			2020	2020	2020	2019
			6	0	0	8
Accumulated	funds brought forward		2,769,170		2,769,170	2,010,363
Recognised transfers	gains and	losses before	(2,553,643)		(2,553,643)	(150,193)
			215,527		215,527	2,769,170
Closing revenue funds			215,527		215p527	2,760,170
Summary	of funds		Unrestricted	Restricted	Total	Last Year
			and	Funds	Funds	ToislFunds
			Designated funds
			2020	2020	2020	2010
			0	0	0	6
Revenue accumulated		funds	215,527		215,527	2,769,170

Income and Companies	Expenditure Acc Act 2000	ount fo	r t	he year ended 31 Dec	ember 2020as required by	the
					2020	2010
					8	6
Income
Income from	operations				198,633	47,788
Investment income
Interest receivable
Gross Income	in the year before exceptional		items		108,638	47,793
Gross income	In the year including	exceptional		items	198,638	47,703

Expenditure
Charitable expenditure, excluding depreciation			and	amortisation		37,955	49,019
Depreciation and amortisation						54,220	145,467
Governance costs						2,675	3,500
Realised losses on	disposals ofsocial	investments		which are programme	related
Realised losses on	disposals oftangible fixed		assets held for the charitjjs		own use	2,657,431
Total expenditure	in the year					2,752,281	197,966
Net Income before	tax in the financial year					(2,553,643)	(150,193)
Tax on surplus on ordinary activities
Net Income after tax In the financial		year				(2,553,643)	(150,193)
Retained surplus	for the financial	year				2,553,643	150,193
All activities derive	from continuing	operations

Current Year	Land and Buildings	Plant 8 Machinery	Motor Vehicles	Total
	E	E
Cost
At 1 January 2020	2,560,180	663,026	123,499	3,346,705
Disposals	(2,560,180)	(325,122)	(123,499)	(3,008,801)
At 31 December 2020		337,904		337,904
Depreciation
At 1 January 2020		390,108	63,967	454,075
Charge for the year		48,045	6,175	54,220
On disposals		(287,403)	(63,967)	(351,370)
At 31December 2020		150,750	6,175	156,925
Net book value
At 31 December 2020		187,154	~(6,( 5	180,979
At 31December 2019	2,560,180	272,918	59,532	2,892,830
Prior Year	Land and Buildings	Plant 5 Machinery	Motor Vehicles	Total
	E		E	E
Cost	2,560,180	663,026	123,499	3,346,705
01January 2020	2,560,180	663,026	123,499	3,346,705
Depreciation
01 January 2019		390,108	63,967	454,075
01January2020		390,108	83,987	454,075
Net book value
01January 2020	2,560,180	272,918	59,532	2,892,630
01January2019		~398708	~65967	~(454075
Debtors
			2020	2019
			E	E
Prepayments and accrued income				15,252
Other debtors				44,500
				59,752

No	tes to the Accounts	for the year ended 31December 2020	for the year ended 31December 2020
10	Creditors: amounts	falling due within one year		2020f	2019f
	Trade creditors				53,417
	Accruals			600	22,728
	PAVE, NIC VAT and other taxes				19,808
	Other creditors				43,443
				600	139,396
11	Creditors: amounts	falling due atter one year		2020 f	2019 f
	Bank loans and cvsrdrsfts			50,000
	Finance lease snd HP contracts				45,199
				50,000	45,199
12	income and Expenditure		account summary	2020f	2O19
	At 1January 2020			2,769,170	2,919,363
	Surplus after tsx for the	year		(2,553,643)	(150,193)
	At 31 December 2020			215,527	2,769,170

At 31 December 2020	At 31 December 2020	Unrestricted	Designated	Restricted	Total
		funds	funds	funds	Funds
		f			f
Tangible	Fixed Assets	180,979			180,979
Current	Assets	85,150			85,150
Current	Liabilities	(600)			(600)
Long Term l.iabilitiss		(50,000)			(50,000)
		215,529			215,529
At 1 January 2020		Unrestricted	Designated	Restricted	Total
		funds	funds	funds	Funds
Tangible	Fixed Assets	2,892,630			2,892,630
Current	Assets	61,135			61,135
Current	Liabilities	(139,396)			(139,396)
Long Term Liabilities		(45,199)			(45,199)
		2,789,170			2,769,170

									Funds brought	Funds brought	Slovamant in	Transfers	Funds carried
									forward from		funds in 2020	between	forward to
										2019		funds in 2020	2020
											sea Note 10 f
	Vnrestricted		and designated				funds:-
	Unrestricted	Revenue			Funds				2,769,170		(2,553,643)		215,527
	Total unrestricted			and designated				funds	2,769,170		(2,553,643)		215,527
	Total charity		funds						2,769,170		(2,553,643)		215,527
16	Analysis of		movements			in	funds over the year as shown			in Note	15
												Other
									Income		Expenditure	Gains &	Movement
												Losses	in funds
										2020	2020	2020	2020
										6	E	6	f
	Unrestricted		and designated				funds:-
	Unrestdcted	Revenue			Funds					198,638	(2,752,281)		(2,553,643)
										198,638	(2,752,281)		2,553,643

19	Donation	s,		Grant	s and Legacies
						Current year	Current year	Current year	Prior Year
						Unrestricted	Restricted	TulalFunda	Total Funds
						Funds	Funds
						2020	2020	2020	2019
	Offerings	and		Tithe
	Offeringa and		Tithe			198,633		198,633	47,786
	Total Offarings and				Tithe	198,633		198,633	47,788
	Total Donations,				Grants and Legacies
	Total Donations, Legacies				Grants and	198,633		198,633	47,788
20	Investment		income
						Current year	Current year	Current year	Prior Year
						Unrestricted	Reaaictad	TctalFunda	Total Funds
						Funds	Funds
						2020	2020	2020	2010
						0	0		2

Bank	Interest Receivable
Total	invastmant Income

Expend	iture on charitable activities	- Direct spending
		Current year	Current year	Current year	Prior Year
		Unrestricted	Raairlclad	TatalFunda	TctalFunda
Current	Year	Funds	Funds
		2020	2020	2020	2019
		6
Events	costs	3,791		3,791	752
Gihs		9,515		9,515
Local projects		7.240		7,240	4,536
Elderly	support	1,360		1,360
Total direct spending		21,906		21,906	5,288

Support costs for charitab	le activities
		Current year	Current year	Current year	prior Year
		Unrestricted	Restricted	Total Funds	Total Funds
Current Year		Funds	Funds
		2020	2020	2020	2019
		8	8	8	8
Employee costs not included in direct costs
Salaries - Administrative staff		2,161		2,161	1,100
Training and welfare - staff		490		490
Travel and subsistence - staff		2,228		2,228
Volunteer costs
Volunteers' expenses		9,879		9,879
Premises Expenses
Rent payable		86,470		86,470	29,260
Rates and water charges		324		324
Room Hire		750		750
Light heat and power		4,440		4,440
Cleaning snd waste management		1,817		1,817
Other Premises Costs		694		694	2,043
Administrative overheads
Admin, Telephone, fax and	internet	1,139		1,139	659
Postage		9		9
Stationery and printing		4,260		4,260
Software licences and expenses		1,962		1,962
Media and publicity		98		98	1,422
Liabilty and contents insurance		911		911
Equipment, repairs, expenses and maintenance		4,811		4,811
Write offs/(backs)		(113,447)		(113,447I
Professional fees paid to	advisors other than the auditor orexaminer
Legalfees		115		115
Other legal and professional					300
Financial costs
Bank charges		6,938		5,938	5,498
Depreciation &Amortisation	in total for	54,220		54,220	145,467
Support costs before reallocation		70,269		70,269	189,198
Total support costs - Current Year		70,269		70,269	189,198

			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	TctaiFundc	Total Funds
Current	Year		Funds	Funds
			2020	2020	2020	2019
			9	2		0
Independent		Examiner's fees	2,675		2,675	3,500
Total Governance costs			2,675		2,675	3,500

Total Charitable	Total Charitable	expenditure
			Current year	Current year	Current year	Prior Year
			Unrestricted	Restricted	TctaiFunds	Total Funds
Current Year			Funds	Funds
			2020	2020	2020	2019
			8	8	8	0
Total direct spending			21,906		21,906	5,288
Total support	costs		70,269		70,260	189,108
Total Governance		costs	2,675		2,675	3,500
Total charitable	expenditure		94,850		04,850	107,986

Ail the	expenditu	re in the prior year was unre	stricted.
			Pncr Year	Prier Year	Prior Year
			Unrestricted	Restricted	Total Funds
Prior	Year		Funds	Funds
			2019
Total	direct spending		5,288		5,288
Total	support	costs	189,196		180,108
Total	Governance costs		3,500		3,500
Total	charitable	expenditure	107,986		107,986

	Realised losses on disposals of	tangible
	fixed assets held for the charity's	own uss	2,657,431			2,657,431
	Total losses		2,657,431			2,657,431
26	Total ofother expenditure
			Current year	Current	year	Current year	Prior Year
	Current Year		Unrestricted Funds	Restricted Funds		Tctaipunds	Total Funds
			2020	2020		2020	2019
			8	6		9	8
	Total other expenses and costs		2,657,431			2,657,431
	Total other expenditure		2,657,431			2,657,431

END OF REPORT 26