Registered number: 06943370 Charity number: 1136643
GREAT COMMISSION MINISTRIES
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
Prepared By:
Swan Accounting Services Accounting & Business Consultancy 55 stphens Road London E15 3JJ
GREAT COMMISSION MINISTRIES
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
TRUSTEES
Betty KUSASIRA
REGISTERED OFFICE
102 Longbridge Road Barking Essex IG11 8SF
COMPANY NUMBER
06943370 1136643
CHARITY NUMBER
ACCOUNTANTS
Swan Accounting Services Accounting & Business Consultancy 55 stphens Road London E15 3JJ
page 1
GREAT COMMISSION MINISTRIES
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 to 11 |
| Detailed Statement of Financial Activities | 10 |
page 2
GREAT COMMISSION MINISTRIES
FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31 December 2022
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was Activities of religious organisations .
STRUCTURE GOVERNANCE AND MANAGEMENT
GREAT COMMISSION MINISTRIES is registered as a charitable company limited by guarantee and was set up by a Trust deed.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 18 October 2023
Betty KUSASIRA
Trustee
page 3
GREAT COMMISSION MINISTRIES
| Statement of Financial Activities for the year ended 31 December 2022 Income Income from generated funds Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestric ted funds £ 98,135 98,135 137,290 137,290 (39,155) (39,155) 130,019 90,864 |
Restricte d funds £ - - - - - - - - |
2022 Total £ 98,135 98,135 137,290 137,290 (39,155) (39,155) 130,019 90,864 |
2021 Total £ - |
|---|---|---|---|---|
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| - - |
||||
| - |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 4
GREAT COMMISSION MINISTRIES
BALANCE SHEET AT 31 DECEMBER 2022
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amounts falling due after more than one year 6 NET ASSETS CAPITAL AND RESERVES Unrestricted funds 8 General fund |
5,837 5,837 |
2022 £ 115,826 5,837 121,663 30,800 90,863 90,863 90,863 |
- - |
2021 £ - - |
|---|---|---|---|---|
| - - |
||||
| - | ||||
| - | ||||
| - |
For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of trustees on 18 October 2023 and signed on their behalf by
.............................
Betty KUSASIRA Trustee
page 5
GREAT COMMISSION MINISTRIES
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment
reducing balance 20%
page 6
GREAT COMMISSION MINISTRIES
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1h.
2. DIRECTORS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
| 2. DIRECTORS AND EMPLOYEES Particulars of employees (including directors) are shown below: |
||
|---|---|---|
| Employee costs during the year amounted to: 3. EMPLOYEES Average number of employees |
2022 £ 2022 No. - |
2021 £ |
| 2021 No. - |
4. TANGIBLE FIXED ASSETS
| Cost At 1 January 2022 At 31 December 2022 Depreciation For the year At 31 December 2022 Net Book Amounts At 31 December 2022 At 31 December 2021 |
Equipment £ 144,782 144,782 28,956 28,956 115,826 144,782 |
Total £ 144,782 |
|---|---|---|
| 144,782 | ||
| 28,956 | ||
| 28,956 | ||
| 115,826 | ||
| 144,782 |
page 7
GREAT COMMISSION MINISTRIES
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 |
|---|---|
| £ | £ |
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
|---|---|---|
| Bank loans and overdrafts | 2022 £ 30,800 30,800 |
2021 £ - |
| - |
Included in other creditors are:
7. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31 December 2022 there were members.
8. UNRESTRICTED FUNDS
| General fund | Brought forward £ 130,019 |
Incoming resource s £ 98,134 |
Outgoing resource s Transfers £ £ (137,290) - (137,290) - |
Outgoing resource s Transfers £ £ (137,290) - (137,290) - |
Carried forward £ 90,863 |
|---|---|---|---|---|---|
| 130,019 | 98,134 | - | 90,863 |
page 8
GREAT COMMISSION MINISTRIES
9. RESTRICTED FUNDS
| Brought | Incoming | Outgoing **Transfers ** |
Outgoing **Transfers ** |
Carried | |
|---|---|---|---|---|---|
| forward | resource | resource | forward | ||
| s | s | ||||
| £ | £ | £ | £ | £ |
page 9
GREAT COMMISSION MINISTRIES
Incoming Resources for the year ended 31 December 2022
| Incoming Resources for the year ended 31 December 2022 |
||||
|---|---|---|---|---|
| Incoming resources Incoming resources from generated funds From Charitable Activities Tithe Other Givings and Donations Seed Donation Offering |
40,295 32,952 7,554 17,334 |
2022 £ 98,135 98,135 98,135 |
- - - - |
2021 £ - |
| - | ||||
| - |
page 10
GREAT COMMISSION MINISTRIES
| Expenses for the year ended 31 December 2022 Expenses Costs of generating funds Charitable Activities Travel Event and Other Services Insurance Heat and light (gas & electric) Rent Cleaning Repairs and renewals Wages & Allownace Equipment maintenance Computer costs Accountancy fees Professional fees Printing Stationery & office supplies Telephone Interest on loans repayable within 5 years Depreciation of equipment |
2022 £ 2,147 10,593 939 4,219 57,013 1,327 6,392 14,596 2,148 500 1,250 2,500 639 1,776 1,234 1,061 28,956 137,290 137,290 |
2021 £ - - - - - - - - - - - - - - - - - |
|---|---|---|
| - | ||
| - |
page 11