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