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← Great Commission Ministries

2023-12-31-accounts

Registered number: 06943370 Charity number: 1136643

GREAT COMMISSION MINISTRIES

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Prepared By:

Swan Accounting Services Accounting & Business Consultancy FFOF25A CEME Innovation Centre Rainham RM13 8EU

GREAT COMMISSION MINISTRIES

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

TRUSTEES

B KUSASIRA Angela NABANKEMA Vicent NKWANGA

REGISTERED OFFICE

102 Longbridge Road Barking Essex IG11 8SF

COMPANY NUMBER

06943370 CHARITY NUMBER 1136643

ACCOUNTANTS

Swan Accounting Services Accounting & Business Consultancy FFOF25A CEME Innovation Centre Rainham RM13 8EU

page 1

GREAT COMMISSION MINISTRIES

ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

CONTENTS

Page
Report of the Trustees 3
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 12
Detailed Statement of Financial Activities 11

page 2

GREAT COMMISSION MINISTRIES

FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31 December 2023

PRINCIPAL ACTIVITIES

The principal activity of the charity in the year under review was Activities of religious organisations .

OBJECTS AND ACTIVITIES OF THE CHARITY

The Trustees are determined to fulfil the objectives of the Charity.

To expand and develop the ministry of Great Commission through Sunday worship services, ministries, youth and young adult ministries, prayer and ministry training, bible studies and small group meetings.

To train and send out ministers and evangelists to establish churches all over the world.

To establish social programmes to provide food, clothes and shelter for the needy and care for the sick.

The main activities undertaken in relation to those purposes during the year.

Our Ministry work

GCM provided the following services to the community at large:

THE MAIN ACTIVITIES UNDERTAKEN DURING THE YEAR TO FURTHER THE CHARITYS PURPOSE FOR THE PUBLIC BENEFIT

Outreach Ministry Review

The church's activities are available to Christians and non-Christians, members and non-members alike; there is no restriction to attendance. The community have been attracted to and enjoyed our services including, weekly Sunday worship services at two London locations, Easter Conventions, Christmas and New Year's Eve watch night services. •

page 3

GREAT COMMISSION MINISTRIES

FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES' REPORT

As further evidence of our Public Benefit, the Charity was involved in Christian outreach programmes and Christian Ministry designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ

Other activities undertaken in support of the above were:

Women's and men's meetings/events

Teenager's meetings/events

Young adults' meetings/events

Singles meetings/events

Sunday services

Sunday school

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

THE CONTRIBUTION OF VOLUNTEERS DURING THE YEAR

Members of the charity who are professionals in their various field of work and study volunteered in different capacities during the year under review and their work has not been quantified. Incoming volunteers attend a full day induction programme.

THE MAIN ACHIEVEMENTS AND PERFORMANCE OF THE CHARITY DURING THE YEAR

The charity provided worship services virtually, and live stream most events and programs online and on radio.

Outreach services was conducted to support the members in the difficult times.

Youth outings and creative events aimed at developing interpersonal, and social skills.

Prayers were all the times made for the members and the community at large to keep their spiritual life strong in the most challenging times

PUBLIC BENEFIT MINISTRY OUTREACH AND BENEFITS

The church's activities are available to Christians and non-Christians, members and non-members alike; there is no restriction to attendance. The community have been attracted to and enjoyed our services including, weekly Sunday worship services at two London locations, Easter Conventions, Christmas and New Year's Eve watch night services.

We add to the local economy

We are a local employer and use many local auxiliary services

page 4

GREAT COMMISSION MINISTRIES

FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES' REPORT

We run a number of conventions and exhibitions that generate income for local businesses hotels, restaurants and shops

We develop productive local partnerships

We have partnered with the police and organisations working to reduce youth crime in local communities.

We provide volunteering opportunities to local people to enhance their skills and gain experiences

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 2 October 2024

B KUSASIRA

Trustee

page 5

GREAT COMMISSION MINISTRIES

Statement of Financial Activities
for the year ended 31 December 2023
Income
Income from generated funds
Other trading activities
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
£
373
107,846
108,219
114,185
114,185
(5,966)
(5,966)
90,864
84,898		 Restricte
d funds
£
-
-
-
-
-
-
-
-
-		 2023
Total
£
373
107,846
108,219
114,185
114,185
(5,966)
(5,966)
90,864
84,898		 2022
Total
£
-
98,135
98,135
137,290
137,290
(39,155)
(39,155)
130,019
90,864

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 6

GREAT COMMISSION MINISTRIES

BALANCE SHEET AT 31 DECEMBER 2023

BALANCE SHEET AT 31 DECEMBER 2023
Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
5
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		 26,990
26,990
7,954		 2023
£
92,661
19,036
111,697
26,800
84,897
84,897
84,897		 5,837
5,837
-		 2022
£
115,826
5,837
121,663
30,800
90,863
90,863
90,863

For the year ending 31 December 2023 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 2 October 2024 and signed on their behalf by

.............................

B KUSASIRA Trustee

.............................

Angela NABANKEMA Trustee

.............................

Vicent NKWANGA Trustee

page 7

GREAT COMMISSION MINISTRIES

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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 income 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 8

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. MEMBERS AND EMPLOYEES

Particulars of employees (including directors) are shown below:

2. MEMBERS AND EMPLOYEES
Particulars of employees (including directors) are shown below:
Employee costs during the year amounted to:
3. EMPLOYEES
Average number of employees		 2023
£
2023
No.
-		 2022
£
2022
No.
-

4. TANGIBLE FIXED ASSETS

Cost
At 1 January 2023
At 31 December 2023
Depreciation
At 1 January 2023
For the year
At 31 December 2023
Net Book Amounts
At 31 December 2023
At 31 December 2022		 Equipment
£
144,782
144,782
28,956
23,165
52,121
92,661
115,826		 Total
£
144,782
144,782
28,956
23,165
52,121
92,661
115,826

page 9

GREAT COMMISSION MINISTRIES

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans and overdrafts		 2023
£
7,954
7,954
2023
£
26,800
26,800		 2022
£
-
-
2022
£
30,800
30,800

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 2023 there were members.

8. UNRESTRICTED FUNDS

General fund

9. RESTRICTED FUNDS

Brought
forward
£
90,864
90,864
Brought
forward
£		 Income
£
108,219		 Outgoing
resource
s
Transfers
£
£
(114,186)
-
(114,186)
-
Outgoing
resource
s
Transfers
£
£		 Outgoing
resource
s
Transfers
£
£
(114,186)
-
(114,186)
-
Outgoing
resource
s
Transfers
£
£		 Carried
forward
£
84,897
108,219 - 84,897
Income
£		 Carried
forward
£

page 10

GREAT COMMISSION MINISTRIES

Incoming Resources
for the year ended 31 December 2023
Income
Income from generated funds
Other
Bank interest
From Charitable Activities
Tithe
Other Givings and Donations
Seed Donation
Offering		 373
40,674
30,828
10,527
25,817		 2023
£
373
373
107,846
107,846
108,219		 -
40,295
32,952
7,554
17,334		 2022
£
-
-
98,135
98,135
98,135

page 11

GREAT COMMISSION MINISTRIES

Expenses for the year ended 31 December 2023

Expenses
for the year ended 31 December 2023
Expenses
Costs of generating funds
Charitable Activities
Streaming, Radio and TV cost
Travel
Event and Other Services
Insurance
Heat and light (gas & electric)
Rent
Cleaning & Waste Collection
Repairs and renewals
Wages & Allownace
Equipment maintenance
Computer, software and website costs
Accountancy fees
Professional fees
Printing
Stationery & office supplies
Telephone, internet and broadband
Security costs
Bank charges
Bank interest
Interest on loans repayable within 5 years
Depreciation of equipment		 2023
£
2,048
1,575
6,090
797
2,344
51,051
315
7,442
8,143
2,482
283
1,250
139
30
1,685
422
3,269
1,291
19
345
23,165
114,185
114,185		 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

page 12