## **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**
|**Recommended categories by**
**activity**
**Incoming resources (Note 3)**
**Income and endowments**
**from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of
income
Other
**_Total_**
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
Charitable activities
Separate material item of
expense
Other
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
Net gains/(losses) on
investments
**Net income/(expenditure)**
**Extraordinary items**
**Transfers between funds**
**Other recognised**
**gains/(losses):**
Gains and losses on revaluation of
fixed assets for the charity’s own
use
Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward
**_Total funds carried forward_**|**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**
|**Fixed assets**
**Intangible assets**
**(Note 15)**
**Tangible assets**
**(Note 14)**
**Heritage assets**
**(Note 16)**
**Investments**
**(Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks**
**(Note 18)**
**Debtors**
**(Note 19)**
**Investments**
**(Note 17.4)**
**Cash at bank and in**
**hand (Note 24)**
**_Total current assets_**
**Creditors: amounts**
**falling due within one**
**year (Note 20)**
**_Net current_**
**_assets/(liabilities)_**
**_Total assets less current_**
**_liabilities_**
**Creditors: amounts**
**falling due after one year**
**(Note 20)**
**Provisions for liabilities**
**_Total net assets or_**
**_liabilities_**
**Funds of the Charity**
**Endowment funds (Note**
**27)**
**Restricted income funds**
**(Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two
trustees on behalf of all the
trustees|**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-Tutu**_FCCA, 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**|**Section C Notes to the accounts**|**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.||||||
|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**
**Donation**
**s and**
**legacies:**
Donations and gifts
Gift Aid
Legacies
General grants provided by
government/other charities
Membership subscriptions and
sponsorships which are in substance
donations
Donated goods, facilities and
services
Other
**Total**
**Charitabl**
**e**
**activities:**
Members' Tithes & Offering
Special appeal
Other
**Total**
**Other:**
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**
**TOTAL 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**|**year**
**Endowme**
**nt 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**
**£**
At the beginning of the year
1,100,000
Additions
Revaluations
-
Disposals
-
Transfers *
-
At end of the year
1,100,000
**14.2 Depreciation and impairments**
****Basis**
**SL**(Straight
Line )
**** Rate**
2%
At beginning of the year
22,000
Disposals
-
Depreciation
22,000
Impairment
-
Transfers*
-
At end of the year
44,000
**14.3 Net book value**
Net book value at the
beginning of the year
1,078,000
Net book value at the end of
the year
1,056,000|**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
1. 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
2. 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