Charity number: 1143895
Global Crossfire Church UK
Trustees' report and financial statements
for the year ended 31 December 2024
Global Crossfire Church UK
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees report | 2 - 3 |
| Independent examiners' report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 9 |
Global Crossfire Church UK
Legal and administrative information
| Charity number | 1143895 |
|---|---|
| Registered office | 9 Fairfield Road |
| Broadstairs | |
| CT10 2JU | |
| Trustees | Samuel Boadi Gyimah |
| Joshua Bangura | |
| Rev Simeon Yamoah-Owusu | |
| George Odoom | |
| Edward McCann | |
| Resident Pastor | Rev. Benjamin Ashong |
| Independent Examiners | Eric & Co |
| Chartered Certified Accountants & | |
| Registered Auditors | |
| 87 Tylecroft Road | |
| London | |
| SW16 4BJ | |
| Bankers | Barclays Bank PLc |
Page 1
Global Crossfire Church UK
Report of the trustees for the year ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The governing instrument of the Charity is its adopted Constitution dated 01 January 2011.
The day to day operation of the Church is controlled and managed by the Trustees.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks.
Objectives and activities
In accordance with the objects set out in the constitution, the objectives of the Charity is to advance christian religion in the UK and the world for the benefit of enlighten others about the christian religion as well as the furtherance of Charity work.
The Trustees confirm that they have paid due regard to the guidance contain in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives in setting the grant making policy for the year.
Achievements and performance
The year proved very successful in terms of donations received and ministry work. By the grace of God, most of the objectives set out in the year were achieved. The spiritual, physical and emotional needs of the member were met through church activities and programmes conducted throughout the year.
Financial review
The total unrestricted funds at the year end amounted to £104,100 as compared to £89,176 in 2023. Tithes and offerings continue to be the main sources of income.
The reserves policy is to hold a minimum of 3 months income as a general reserve to enable the charity to carry out its operations and at an adequate level to meet its objectives. The amount held are reviewed on an annual basis.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
Page 2
Global Crossfire Church UK
Report of the trustees for the year ended 31 December 2024
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf of the board
Edward McCann Trustee
Date: 21 October 2025
Page 3
Global Crossfire Church UK
Independent examiner's report to the trustees on the unaudited financial statements of Global Crossfire Church UK.
I report on the accounts of Global Crossfire Church UK for the year ended 31 December 2024 set out on pages 2 to 9.
Respective responsibilities of trustees and independent examiner
As the charity's trustees you are responsible for the preparation of the accounts, you 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, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act and to 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 charity 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 you as trustees concerning any such matters. 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:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Eric Ashong (FCCA)
for and on behalf of Eric & Co
Independent examiner
Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ
Date: 21 October 2025
Page 4
Global Crossfire Church UK
Statement of financial activities
For the year ended 31 December 2024
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 62,845 8,358 Investment income 3 1,458 - Total incoming resources 64,303 8,358 Resources expended Rent 2,625 - Repairs & maintenance 515 - Catering & refreshment 1,658 - Fellowship expenses 2,004 - Donations 2,814 - Travelling expenses 1,249 - Ministry support 12,000 - Mission expenses 5,440 - Accountancy fees 800 - Postage, printing & stationery 3,220 - Honorarium expenses 1,414 - Musical costs 12,390 - General expenses 3,250 - Total resources expended 49,379 - Net income/(expense) for the year 14,924 8,358 Total funds brought forward 89,176 20,164 Total funds carried forward 104,100 28,522 |
2024 Total £ 71,203 1,458 72,661 2,625 515 1,658 2,004 2,814 1,249 12,000 5,440 800 3,220 1,414 12,390 3,250 49,379 23,282 109,340 132,622 |
2023 Total £ 48,174 830 |
|---|---|---|
| 49,004 | ||
| 1,780 - 2,072 - 2,330 788 12,000 6,597 600 3,438 1,279 1,711 1,358 |
||
| 33,953 | ||
| 15,051 94,289 |
||
| 109,340 |
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 5
Global Crossfire Church UK
Balance sheet as at 31 December 2024
| Notes Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Funds 7 Restricted income funds Unrestricted income funds Total funds |
2024 £ £ 19,200 114,822 134,022 ) (1,400 132,622 132,622 28,522 104,100 132,622 |
2023 £ £ 14,315 96,425 110,740 ) (1,400 109,340 109,340 20,164 89,176 109,340 |
2023 £ £ 14,315 96,425 110,740 ) (1,400 109,340 109,340 20,164 89,176 109,340 |
|---|---|---|---|
| 109,340 | |||
| 20,164 89,176 |
|||
| 109,340 |
The financial statements were approved by the trustees on 21 October 2025 and signed on its behalf by
Edward McCann Trustee
Joshua Bangura Trustee
The notes on pages 7 to 9 form an integral part of these financial statements.
Page 6
Global Crossfire Church UK
Notes to financial statements for the year ended 31 December 2024
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005) and the Charities Act 2011.
1.2. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations, offerings and tithes and is included in full in the statement of financial activities when receivable.
Rental income is accounted for and included in the accounts in the year in which it is received.
1.3. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
2. Voluntary income
| Unrestricted Restricted funds funds £ £ Tithe & offering 38,502 - Other income 3,928 - Charity tax credit 16,025 - Fellowship income 4,390 - Building project - 8,358 62,845 8,358 |
2024 Total £ 38,502 3,928 16,025 4,390 8,358 71,203 |
2023 Total £ 28,423 1,467 3,726 - 14,558 |
|---|---|---|
| 48,174 |
3. Investment income
| Unrestricted funds £ Bank interest receivable 1,458 1,458 |
2024 Total £ 1,458 1,458 |
2023 Total £ 830 |
|---|---|---|
| 830 |
Page 7
Global Crossfire Church UK
Notes to financial statements for the year ended 31 December 2024
4. Employees
Employment costs
No salaries or wages have been paid to employees, including the trustees, during the year.
| 5. | Debtors | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||||||||
| £ | £ | ||||||||||||
| Other debtors | 19,200 | 14,315 | |||||||||||
| 6. | Creditors: amounts falling due | ||||||||||||
| within one year | 2024 | 2023 | |||||||||||
| £ | £ | ||||||||||||
| Other creditors | 1,400 | 1,400 | |||||||||||
| 7. | Analysis of net assets between funds | ||||||||||||
| Unrestricted | Restricted | Total | |||||||||||
| funds | funds | funds | |||||||||||
| £ | £ | £ | |||||||||||
| Fund balances at 31 December 2024 as represented by: | |||||||||||||
| Current assets | 105,500 | 28,522 | 134,022 | ||||||||||
| Current liabilities | (1,400 | ) | - | ) (1,400 |
|||||||||
| 104,100 | 28,522 | 132,622 | |||||||||||
| 8. | Unrestricted funds | At | At | ||||||||||
| 1 January | Incoming | **Outgoing ** | 31 December | ||||||||||
| 2024 | resources | resources | 2024 | ||||||||||
| £ | £ | £ | £ | ||||||||||
| General funds | 89,176 | 64,303 | ) (49,379 |
104,100 |
Purposes of unrestricted funds
The unrestricted funds of the Trust are expendable at the discretion of the Trustees in furtherance of the objectives of the charity.
Page 8
Global Crossfire Church UK
Notes to financial statements for the year ended 31 December 2024
| 9. | Restricted funds | At | At | ||||
|---|---|---|---|---|---|---|---|
| 1 | January | **Incoming ** | 31 December | ||||
| 2024 | resources | 2024 | |||||
| £ | £ | £ | |||||
| Building fund | 20,164 | 8,358 | 28,522 | ||||
| 10. | Related party transactions |
No related party transaction identified during the year.
Page 9