2020-12-31-accounts - Glory Of The Cross Ministry

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Glory of the Cross Ministry Trust

Trustees Annual Report for the Period 1[st] January – 31[st] December 2020.

Aims and Purpose

The Glory of the Cross Ministry has the responsibility of promoting the whole mission of the church, pastoral, evangelical, social and ecumenical.

Objectives and Activities

The GCM is committed to the advancement of the Christian religion in accordance with the statement of belief, to relieve persons in conditions of need, hardships or distress, or who are aged or sick particularly in the said county and at the discretion of the trustees, elsewhere in the United K or the World.

In our activities throughout the year, the GCM have considered the Commission’s guidance on public benefit, particularly in relation to charities for the advancement of religion.

In particular we try to help people develop their knowledge and belief in Christ through bible study and deployment of Christian literature, resources, and academic learning. We provide theological history through to modern day perspectives of faith, prayer and worship. We also teach comparative and major world religions such as Islam, Judaism, Christianity and Evolution theories.
Provision of pastoral care for the elderly, young people,
Death, bereavement and associated counselling
Baptism, baby blessings, newly weds
Lessons of self worth and life skills for the youths, teaching them to believe in themselves and achieve.
Provision of Citizenship and adolescent behaviour through anti-knife, guns and drugs awareness schemes in primary, secondary schools and learning communities.
Provision of support, guidance, and counselling in marriage.
Single mums, battered wives and domestic violence.
Provision for men with marital problems, single dads and children.
Social and emotional development young people and teenagers.
Child protection, and Safeguarding
Intergenerational programmes- The Dream Team
Provision for forced marriages.

Achievements and Performance

Due to the covid19 pandemic the Glory of the Cross Ministry like other organisations was greatly impacted and therefore unable to perform and achieve in the year as planned. The Glory of the Cross Ministry continues to offer a range of online services during the week and over the course of the year. For example, midnight prayers provide an environment for sound sleep whilst the opportunity for deeper fellowship through interactive learning was provided by our Wednesday Bible Study Programme, which members of the community find both spiritually and socially fulfilling.

Structure, governance and management

The method of appointment of GCM trustees is set out in the Church Constitution. At the Glory of the Cross the members of the trustees consist of the Pastor, treasurer, secretary and members appointed by other trustees.

The GCM members are responsible for making decisions on all matters of concern.

GCM members who served from 1[st] January to 31[st] December 2020 are:

Pastor Patrick Agdomar - Chair Mrs Junie Burnett-Reid - Secretary Mrs Audrey Collymore - Treasurer Mr Jake Lawrence Mr John Agdomar Mr Patrick Adjei-Tutu - Treasurer Brandon Gamester

Approved by the Glory of the Cross Ministry on 30[th] September 2021 and signed on their behalf by Mr Patrick Adjei-Tutu (GCM Treasurer)

Signature

GCM COMMUNITY 396 – 398 HERTFORD ROAD ENFIELD EN3 5QA

Section A Statement of financial activities

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total funds £ F04	Prior year funds £ F05
78,008	7,158	-	85,166	1,223,763
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
78,008	7,158	-	85,166	1,223,763

-	-	-	-	-
39,892	-	-	39,892	82,791
-	18,798	-	18,798	96,935
-	-	-	-	-
39,892	18,798	-	58,690	179,726

38,116	-11,640	-	26,476	1,044,037
-	-	-	-	-
38,116	-11,640	-	26,476	1,044,037
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
38,116	-11,640	-	26,476	1,044,037

189,900	854,137	-	1,044,037	-
228,016	842,497	-	1,070,513	1,044,037

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds Endowment funds £ £ F02 F03	Restricted income funds Endowment funds £ £ F02 F03	Total this year £ F04	Total last year £ F05
-	-	-	-	-
1,056,000	-	-	1,056,000	1,078,000
-	-	-	-	-
-	-	-	-	-
1,056,000	-	-	1,056,000	1,078,000

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
44,513	-	-	44,513	1,387
44,513	-	-	44,513	1,387

350	-	-	350	350

44,163	-	-	44,163	1,037

1,100,163	-	-	1,100,163	1,079,037

29,650	-	-	29,650	35,000
-	-	-	-	-

1,070,513	-	-	1,070,513	1,044,037

-		-	-	-
	-11,640	-	-11,640	854,137
228,016	854137	-	1,082,153	189,900
			-
228,016	842,497	-	1,070,513	1,044,037

Signature		Print Name		Date of approval dd/mm/yyyy
Patrick Adjei-TutuFCCA, MSc				30/09/2021

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities . 1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts

Note 1Basis of preparation

*This section should be completed by all charities*.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• and with*	ü	the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
• and with*	ü	the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*			ü
* -Tick as appropriate
1.2 Going concern
*If there are material uncertainties related to events or conditions that cast significant doubt on the charity's* *ability to continue as a going concern, please provide the following details or state "Not applicable", if* *appropriate:*
An explanation as to those factors that support the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the going concern assumption doubtful;
Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes*	ü	* -Tick as appropriate
No*	ü

*Please disclose:*

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes ✓ * -Tick as appropriate No Please disclose: (i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods. 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes ✓ * -Tick as appropriate No Please disclose: (i) the nature of the prior period error;

(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Analysis	Unrestricte d funds	Restricte d income funds	Endowmen t funds	Total funds £	Prior year £
Donations and gifts			-	-	911,496
Gift Aid	5,072	-	-	5,072	86,174
Legacies	-	-	-	-	-
General grants provided by government/other charities	-	7,158	-	7,158	-
Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
Donated goods, facilities and services	-	-	-	-	-
Other	-	-	-	-
Total	5,072	7,158	-	12,230	997,670

Members' Tithes & Offering	59,375	-	-	59,375	163,405
Special appeal	13,062		-	13,062	62,687
	-	-	-	-	-
Other	500	-	-	500	-
Total	72,936	-	-	72,936	226,092

Conversion of endowment funds into income	-	-	-	-	-
Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
Gain on disposal of a programme related investment	-	-	-	-	-
Royalties from the exploitation of intellectual property rights	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

	78,008	7,158	-	85,166	1,223,763

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestri cted funds	This Restricte d income funds	Total funds £	Last year Unrestricte d funds Restrict ed income funds	Last year Unrestricte d funds Restrict ed income funds	Total funds £
Total expenditure on raising funds	-	-	-	-	-	-
Expenditure on charitable activities:
Rent and rate Gun& Knife project young soldiez Insurance, Heat & light Repairs and Maintenance Evangelism and Pastorial care Travel & Subsistence Telephone Printing & Stationery Bank Charges Professional Fees Depreciation Sundry expenses		-	-	7,267	-	7,267
		-	-	4,323	-	4,323
	3,090		3,090	3,550		3,550
			-	12,773	-	12,773
	12,570		12,570	27,735		27,735
	880		880			-
	328		328			-
	40		40			-
	350		350			-
	22,000		22,000	22,000		22,000
	634	-	634	5,143	-	5,143
Total expenditure on charitable activities Separate material item of expense	39,892	-	39,892	82,791	-	82,791
		18,798	18,798
	-	-	-	-	-	-
Total Other	-	18,798	18,798	-	-	-


	-	-	-	-	-	-
	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-
	39,892	18,798	58,690	82,791	-	82,791

Section C Notes to the accounts (cont)

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

*Please provide details of the amount paid for any statutory external* *scrutiny of accounts and other services provided by your independent* *examiner. If nothing was paid please enter '0' in the appropriate* *box(es).*
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner	This year £	Last year £
	350	350
	-	-
	-	-
	-	-

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
1,100,000	-	-	-	1,100,000
	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
1,100,000	-	-	-	1,100,000

SL(Straight Line )	SL or RB	SL or RB	SL or RB	SL or RB
2%

22,000	-	-	-	22,000
-	-	-	-	-
22,000	-	-	-	22,000
-	-	-	-	-
-	-	-	-	-
44,000	-	-	-	44,000

1,078,000	-	-	-	1,078,000
1,056,000	-	-	-	1,056,000

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.1 Analysis of creditors
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors(Church members loan) Total	Amounts falling due within one year		Amounts falling due after more than one year
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	350	350		-
	-	-	-	-
		-	29,650	35,000
	350	350	29,650	35,000

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total	This year £	Last year £
	-	-
	-	-
	44,513	1,387
		-
	44,513	1,387

HACKMAN & CO. ACCOUNTANTS

24 Barnmead Road Dagenham Essex RM9 5DU Phone: 020 8517 9299

Mob: 079 5659 8277

Fax: 020 3004 1465

E-mail: ehacky@hackmanassociates.com E-mail: ehacky@yahoo.com

INDEPENDENT EXAMINERS REPORT ON THE ACCOUNTS OF GLORY OF THE CROSS MINISTRY FOR THE PERIOD ENDED 31 DECEMBER 2020

Respective Responsibilities of Trustees and Examiner s

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with 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 the 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

which gives me reasonable cause to believe that in, any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Emmanuel Hackman (FFA, FCCA, MSc) 25th October, 2021