## **Glory of the Cross Ministry Trust Trustees Annual Report for the Period 1st January – 31st December 2022.** ## **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** GCM continues to offer a range of online services during the week and over the course of the year. For example, midday daily prayers also early evening and midnight prayers. This provides an environment for sound sleep whilst the opportunity for deeper fellowship through interactive learning is provided by our Wednesday Bible Study Programme, which members of the community derive both spiritual and social fulfilment. The Friday youth club continues to grow and provide a hub for young people to meet, play games, socialise and also receive spiritual encouragement to promote change in their lives and actively provide for them a safe space in the community. In development from the Cap programme in 2021 we started the process to open a food bank and community café; we recognised the need for this type of assistance within the community and realise this as an opportunity to give an inclusive and all-round service to users. The church kitchen was fitted with all commercial appliances in preparation for the food bank and community café and the environment meet health and safety requirements. ## **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 2022 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 23rd September 2023 and signed on their behalf by Mrs J Burnett-Reid (Secretary) GCM COMMUNITY 396 – 398 HERTFORD ROAD ENFIELD EN3 5QA ||**GLORY OF CROSS MIN**|**GLORY OF CROSS MIN**|Charity
No||| |---|---|---|---|---|---| ||Annual accounts for the period||||| ||||||| |1ST JANUARY TO 31 DECEMBER 2022|||||| |**Section A**|**Statement of financial activities**||||| |**Recommended categories by**
**activity**|**Unrestricte**
**d funds**|**Restricted**
**income**
**funds**|**Endow**
**ment**
**funds**|**Total funds**|**Prior year**
**funds**| ||**£**|**£**|**£**|**£**|**£**| |**Incoming resources (Note 3)**|F01|F02|F03|F04|F05| |**Income and endowments**
**from:**|||||| |Donations andlegacies|106,160|31,277|-|137,437|81,609| |Charitable activities|-|-|-|-|-| |Othertrading activities|-|-|-|-|-| |Investments|-|-||-|-| |Separate material item of income|-|-|-|-|-| |Other|-|-|-|-|-| |**_Total_**|106,160|31,277|-|137,437|81,609| |**Resources expended (Note 6)**|||||| |**Expenditure on:**|||||| |Raisingfunds|-|-|-|-|-| |Charitable activities|94,422|-|-|94,422|100,755| |Separate material item of
expense|-|16,408|-|16,408|| |Other|-|-|-|-|-| |**_Total_**|94,422|16,408|-|110,830|100,755| |~~**Net income/(exenditure)**~~|||||| |~~**p**~~
**before investment**
**gains/(losses)**|11,738|14,869|-|26,607|19,146
-| |Net gains/(losses) on
investments|-|-|-|-|-| |**Net income/(expenditure)**|11,738|14,869|-|26,607|19,146
-| |**Extraordinary items**|-|-|-|-|-| |**Transfers between funds**|-|-|-|-|-| |**Other recognised**|||||| |Gains and losses on revaluation
of fixed assets for the charity’s|-|-|-|-|-| |Othergains/(losses)|-|-|-|-|-| |**_Net movement in funds_**|11,738|14,869|-|26,607|19,146
-| ||||||| |**_Reconciliation of funds:_**|||||| |Total funds brought forward|208,870|842,497|-|1,051,367|1,070,513| |**_Total funds carried forward_**|220,608|857,366|-|1,077,974|1,051,367| ## **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**
**£**
**£**
F01
F02|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
F01
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Total last year**
**£**
F05| |---|---|---|---|---|---| ||-|-|-|-|-| ||1,012,000|-|-|1,012,000|1,034,000| ||-|-|-|-|-| ||-|-|-|-|-| ||1,012,000|-|-|1,012,000|1,034,000| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||85,974|-|-|85,974|37,367| ||85,974|-|-|85,974|37,367| ||||||| ||350|-|-|350|350| ||||||| ||85,624|-|-|85,624|37,017| ||||||| ||1,097,624|-|**-**|1,097,624|1,071,017| ||||||| ||19,650|-|-|19,650|19,650| ||-|-|-|-|-| ||||||| ||1,077,974|-|-|1,077,974|1,051,367| ||||||| ||-||-|-|-| |||857,366|-|857,366|842,497| ||220,608||-|220,608|208,870| |||||-|| ||220,608|857,366|-|1,077,974|1,051,367| ||||||| ||Signature||Print Name||Date of
approval
dd/mm/yyyy| ||||||| ||||||| **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**
**Donations**
**and**
**legacies:**
Donations and gifts
Gift Aid
Legacies
General grants provided by
government/other charities
Membership subscriptions and
sponsorships which are in substance
donations
Donatedgoods,facilities and services
Other
**Total**
**Charitable**
**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**|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total**
**funds**
**£**|**Prior year**
**£**| |---|---|---|---|---|---|---| ||Donations and gifts|1,410|31,277|-|32,687|1,600| ||Gift Aid|26,214||-|26,214|| ||Legacies|-|-|-|-|-| ||General grants provided by
government/other charities|-||-|-|7,158| ||Membership subscriptions and
sponsorships which are in substance
donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other|22|-|-|22|416| ||**Total**|27,646|31,277|-|58,923|2,016| |||||||| ||Members' Tithes & Offering|78,514|-|-|78,514|77,003| ||Special appeal|-||-|-|2,590| |||-|-|-|-|-| ||Other||-|-|-|-| ||**Total**|78,514|-|
-|78,514|79,593| |||||||| ||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**|-|-|
-|-|-| |||||||| |||106,160|31,277|-|137,437|81,609.00| **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Analysis**
**Expenditure on**
**raising funds:**|**Unrestrict**
**ed funds**|**This year**
**Restricte**
**d**
**income**
**funds**
**Endo**
**wme**
**nt**
**funds**|**This year**
**Restricte**
**d**
**income**
**funds**
**Endo**
**wme**
**nt**
**funds**|**Total**
**funds**
**£**|**Last year**
**Unrestricted**
**funds**
**Res**
**trict**
**ed**
**inco**
**me**
**fun**
**ds**
**Total**
**funds**
**£**|**Last year**
**Unrestricted**
**funds**
**Res**
**trict**
**ed**
**inco**
**me**
**fun**
**ds**
**Total**
**funds**
**£**|**Last year**
**Unrestricted**
**funds**
**Res**
**trict**
**ed**
**inco**
**me**
**fun**
**ds**
**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
Computer Expense
Bank Charges
Kitchen Equipment
Professional &
Legal Fees
Refreshment
Depreciation
Website cost
Sundry expenses||-||-|1,292|-|1,292| |||-||-|531|-|531| ||3,026|||3,026|3,066||3,066| ||24,812|||24,812|51,486|-|51,486| ||35,255|||35,255|17,615||17,615| ||350|||350|84||84| ||367|||367|376||376| ||820|||820|||| ||22|||22|-||-| |||16,408||16,408|||| ||3,989|||3,989|3,621||3,621| ||2,305|||2,305|||| ||22,000|||22,000|22,000||22,000| ||359|||359|149||149| ||1,117|-||1,117|535|-|535| |**Total expenditure on**
**charitable activities**
**Separate material**
**item of expense**|94,422|16,408||110,830|100,755|-|100,755| |||||-||0|-| ||-|-||-|-|-|-| |**Total**
**Other**|94,422|16,408||110,830|100,755|-|100,755| ||||||||| ||||||||| ||-|-||-|-|-|-| ||-|-||-|-|-|-| |**Total other**
**expenditure**
**TOTAL**
**EXPENDITURE**|-|-||-|-|-|-| ||94,422|16,408||110,830|100,755|-|100,755| **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
66,000
Disposals
-
Depreciation
22,000
Impairment
-
Transfers*
-
At end of the year
88,000
**14.3 Net book value**
Net book value at the beginning
of the year
1,034,000
Net book value at the end of the
year
1,012,000|**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%||||| ||||||| ||66,000|-|-|-|66,000| ||-|-|-|-|-| ||22,000|-|-|-|22,000| ||-|-|-|-|-| ||-|-|-|-|-| ||88,000|-|-|-|88,000| ||||||| ||1,034,000|-|-|-|1,034,000| ||1,012,000|-|-|-|1,012,000| **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 within one**
**year**|**Amounts falling due**
**after more than one**
**year**|**Amounts falling due**
**after more than one**
**year**| |---|---|---|---|---| ||**This year**
**£**|**Last**
**year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||350|350||-| ||-|-|-|-| |||-|19,650|19,650| ||350|350|19,650|19,650| **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**
**£**| |---|---|---| ||-|-| ||10,200|10,200| ||75,774|27,167| |||-| ||85,974|37,367| ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** ||||| |---|---|---|---| |**Report to the trustees/**
**members of**
**On accounts for the**
**year ended**
**Set out on pages**|GLORY OF CROSS MINISTRY||| ||||| ||31stDecember 2022|**Charity no**
**(if any)**|1180128| ||||| ||1-7||| **Respective** The charity's trustees are responsible for the preparation of the accounts. The charity’s **responsibilities of** trustees consider that an audit is not required for this year under section 144 of the **trustees and examiner** Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income did not exceed £250,000 due to the COVID-19 and for consistency I am qualified to undertake the examination by being a qualified member of [Association of Chartered Certified Accountants _._ 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 statement** My 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** In connection with my examination, no material matters have come to my attention which **examiner's statement** gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**||27/10//2023| |---|---|---| |||| ||Emmanuel Hackman (FCCA, MSc, B’Com)|| |||| ||Association of Chartered Certified Accountants|| |||| ||24 Barnmead Road|| ||Dagenham Essex|| ||RM9 5DU||