2021-12-31-accounts

Glory of the Cross Ministry Trust Trustees Annual Report for the Period 1st January – 31st December 2021.

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.

• 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 elderly programme was one endeavour which had to be cancelled because of the vulnerability of the expected service users. However, the GCM continues to offer a range of online services during the week and over the course of the year. For example, early evening and 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.

Notwithstanding the many environmental issues and the impact from covid, the Glory of the Cross Ministry was able to open the GCM Youth Club which meets weekly on Fridays. It provides a hub for young people to meet, play games, socialise and also receive spiritual encouragement to transform their lives and actively provide for them a safe space in the community.

Another achievement was to become a debt counselling organisation by joining CAP(Christians Against Poverty). Service users are given free counselling to enable them to escape the bondage of debt, poverty, hopelessness and opportunities for self-improvement.

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 1st January to 31st December 2021 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 30th September 2022 and signed on their behalf by Mrs J Burnett-Reid (Secretary)

GCM COMMUNITY 396 – 398 HERTFORD ROAD ENFIELD EN3 5QA

Section A Statement of financial activities

		Restricted
Recommended categories by	Unrestricted	income	Endowment		Prior year
activity	funds	funds	funds	Total funds	funds
	£	£	£	£	£
Incoming resources (Note 3)	F01	F02	F03	F04	F05
Income and endowments
from:
Donations and legacies	81,609	-	-	81,609	85,166
Charitable activities	-	-	-	-	-
Other trading activities	-	-	-	-	-
Investments	-	-		-	-
Separate material item of
income	-	-	-	-	-
Other	-	-	-	-	-
Total	81,609	-	-	81,609	85,166

Resources expended (Note
6)
Expenditure on:
Raising funds		-	-	-	-	-
Charitable activities	100,755		-	-	100,755	39,892
Separate material item of expense		-	-	-	-	18,798
Other		-	-	-	-	-
Total	100,755		-	-	100,755	58,690
Net income/(expenditure) before investment gains/(losses)	-19,146		-	-	- 19,146	26,476
Net gains/(losses) on investments		-	-	-	-	-
Net income/(expenditure)	-19,146		-	-	- 19,146	26,476
Extraordinary items	-		-	-	-	-
Transfers between funds	-		-	-	-	-

Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses):

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- - - - -
- - - - -
-
- - -
19,146 19,146 26,476
228,016 842,497 - 1,070,513 1,044,037
208,870 842,497 - 1,051,367 1,070,513
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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

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 Restricted income funds Endowment funds Total this year £ £ £ £ F01 F02 F03 F04	Total last year £ F05
	- - - -	-
	1,034,000 - - 1,034,000	1,056,000
	- - - -	-
	- - - -	-
	1,034,000 - - 1,034,000	1,056,000
	- - - -	-
	- - - -	-
	- - - -	-
	37,367 - - 37,367	44,513
	37,367 - - 37,367	44,513
	350 - - 350	350
	37,017 - - 37,017	44,163
	1,071,017 - - 1,071,017	1,100,163
	19,650 - - 19,650	29,650
	- - - -	-
	1,051,367 - - 1,051,367	1,070,513
	- - -	-
	842,497 - 842,497	842,497
	208,870 - 208,870	228,016
	-
	208,870 842,497 - 1,051,367	1,070,513
	Signature Print Name	Date of approval

Section C Notes to the accounts

Note 1 Basis of preparation

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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 ü
FRS 102.
-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
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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:
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(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

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Restricted Endowm
Unrestricted income ent Prior
funds funds funds Total funds year
Analysis £ £
Donations Donations and gifts
and 1,600 - 1,600
legacies: Gift Aid
- - -
5,072
Legacies
- - - - -
General grants provided by
government/other charities - - - 7,158
Membership subscriptions and
sponsorships which are in
substance donations - - - -
Donated goods, facilities and
services - - - - -
Other
416 - - 416
-
Total 2,016 - 2,016 12,230
Charitable Members' Tithes & Offering
activities: 77,003 - - 77,003 59,375
Special appeal
-
2,590 2,590 13,062
- - - - -
Other
- - - 500
-
Total 79,593 - 79,593 72,936
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 81,609 - 81,609 85,166
-
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Section C Notes to the accounts (cont)

Note 6 Analysis	of expenditure
	This year			Last year
Analysis	Unrestricte d funds	Restricted income funds	Total funds	Unrestri cted funds	Restrict ed income	Total funds
Expenditure on charitable activities:
Rent and rate	1,292	-	1,292		-	-
Gun& Knife project young soldiez	531	-	531		-	-
Insurance, Heat & light	3,066		3,066	3,090		3,090
Repairs and Maintenance	51,486		51,486		-	-
Evangelism and Pastorial care	17,615		17,615	12,570		12,570
Travel & Subsistence	84		84	880		880
Telephone Printing & Stationery	376		376	328		328
Bank Charges			-	40		40
Professional & Legal Fees	3,621		3,621	350		350
Depreciation	22,000		22,000	22,000		22,000
Website cost	149		149
Sundry expenses	535	-	535	634	-	634
Total expenditure on charitable activities	100,755	-	100,755	39,892	-	39,892
Separate material item of expense			-		18798	18,798
	-	-	-	-	-	-
Total	100,755	-	100,755	39,892	18,798	58,690
Other
	-	-	-	-	-	-
	-	-	-	-	-	-
Total other expenditure	-	-	-	-	-	-
TOTAL EXPENDITURE	100,755	-	100,755	39,892	18,798	58,690

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).

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).
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 44,000 Disposals - Depreciation 22,000 Impairment - Transfers - At end of the year 66,000 14.3 Net book value* Net book value at the beginning of the year 1,056,000 Net book value at the end of the year 1,034,000	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%
	44,000	-	-	-	44,000
	-	-	-	-	-
	22,000	-	-	-	22,000
	-	-	-	-	-
	-	-	-	-	-
	66,000	-	-	-	66,000
	1,056,000	-	-	-	1,056,000
	1,034,000	-	-	-	1,034,000

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

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals Expenses 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	Amounts falling due within one year Amounts falling due after more than one year	Amounts falling due within one year Amounts falling due after more than one year	Amounts falling due within one year Amounts falling due after more than one year
	This year Last year This year Last year
	£ £ £ £
	- - - -
	- - - -
	- - - -
	- - - -
	350 350 -
	- - - -
	- 19,650 29,650
	350	350	19,650	29,650

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	This year Last year
	£ £
	- -
	10,200 -
	27,167 44,513
	-
	37,367	44,513

HACKMAN & CO. ACCOUNTANTS

24 Barnmead Road Dagenham Essex RM9 5DU Phone: [phone]

Mob: [phone]

Fax: [phone]

E-mail: [e-mail] E-mail: [e-mail]

INDEPENDENT EXAMINERS REPORT

ON THE ACCOUNTS OF GLORY OF THE CROSS MINISTRY FOR THE PERIOD ENDED 31 DECEMBER 2021

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:

2. to keep accounting records in accordance with section 130 of the Charities Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

4. have not been met; or

5. 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) 26th October, 2022