2023-12-31-accounts - Glory Of The Cross Ministry

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Glory of the Cross Ministry Trust Trustees Annual Report for the Period 1st January – 31st December 2023.

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, there are 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, from which members of the community derive both spiritual and social fulfilment.

The Friday youth club continues to grow and provides 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.

On the 25[th] March 2023 the GCM Community had its grand opening. Many important officials such as the Enfield Borough Mayor and other local authority councillors were in attendance. Also various other partnering organisations such as Age Concern, local schools etc were in support to share in the vision to build a better and safer community.

In May we began collaborating with the local schools to provide external space where the children are able to learn about the environment by growing vegetables and flowers. We also provide internal space for parent coffee mornings which are held monthly during term time. Both ventures are ongoing.

The GCM food bank started on the 21[st] October 2023. The number of users were small initially approximately 5- 8 per week, but numbers slowly increased as the community became aware of us through word of mouth, distribution of flyers and other advertising mediums. Many users are self-referred, but we also receive referrals from the Citizens Advice Bureau, Age Concern and local schools.

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 2023 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 25th October 2024 and signed on their behalf by Mrs J Burnett-Reid (Secretary)

GCM COMMUNITY 396 – 398 HERTFORD ROAD ENFIELD EN3 5QA

GLORY OF CROSS MINISTRY

Charity No (1180128)

Annual Accounts for the period 1 Jan to 31 Dec 2023

Period start date

1ST JANUARY TO 31 DECEMBER 2023

Section A Statement of financial activities

Unrestricted funds Restricted income funds £ £ F01 F02	Unrestricted funds Restricted income funds £ £ F01 F02	Endowment funds Total funds £ £ F03 F04	Endowment funds Total funds £ £ F03 F04	Prior year funds £ F05
89,546	-	-	89,546	137,437
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
89,546	-	-	89,546	137,437

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

-	-	-	-	-
108,344	-	-	108,344	94,422
-	-	-	-	16,408
-	-	-	-	-
108,344	-	-	108,344	110,830
-18,798	-	-	- 18,798	26,607
-	-	-	-	-
-18,798	-	-	- 18,798	26,607
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
-18,798	-	-	- 18,798	26,607

220,608	857,366	-	1,077,974	1,051,367
201,810	857,366	-	1,059,176	1,077,974

Section B Balance sheet

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
-	-	-	-	-
990,000	-	-	990,000	1,012,000
-	-	-	-	-
-	-	-	-	-
990,000	-	-	990,000	1,012,000

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
86,526	-	-	86,526	85,974
86,526	-	-	86,526	85,974

400	-	-	400	350

86,126	-	-	86,126	85,624

1,076,126	-	-	1,076,126	1,097,624

16,950	-	-	16,950	19,650
-	-	-	-	-

1,059,176	-	-	1,059,176	1,077,974

-		-	-	-
	857,366	-	857,366	857,366
201,810		-	201,810	220,608
			-
201,810	857,366	-	1,059,176	1,077,974

Signature		Print Name		Date of approval dd/mm/yyyy
		Patrick Adjei-Tutu		25/10/2024

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	Unrestricted funds	Restricted income funds	Endowment funds	Total funds £	Prior year £
Donations and gifts	2,134		-	2,134	32,687
Gift Aid			-	-	26,214
Legacies	-	-	-	-	-
General grants provided by government/other charities	-		-	-
Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
Donated goods, facilities and services	-	-	-	-	-
Other		-	-	-	22
Total	2,134	-	-	2,134	58,923

Members' Tithes & Offering	87,412	-	-	87,412	78,514
Special appeal	-		-	-
	-	-	-	-	-
Other		-	-	-	-
Total	87,412	-	-	87,412	78,514

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	-	-	-	-	-

	89,546	-	-	89,546	137,437.00

Section C Notes to the accounts (cont)

Note 6 Analysis Expenditure on raising funds:	Analysis of expenditure This year Unrestricte d funds Restricte d income funds Endowmen t funds	Analysis of expenditure This year Unrestricte d funds Restricte d income funds Endowmen t funds	Total funds £	Unrestr icted funds	Last year Restricte d income funds Total funds £	Last year Restricte d 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 Computer Expense Bank Charges Kitchen Equipment Professional & Legal Fees Refreshment Depreciation Website cost Sundry expenses	1,854	-	1,854		-	-
		-	-		-	-
	8,207		8,207	3,026		3,026
	47,566		47,566	24,812	-	24,812
	18,350		18,350	35,255		35,255
			-	350		350
	1,433		1,433	367		367
	2,520		2,520	820		820
	7		7	22		22
	1,596		1,596		16,408
	1,200		1,200	3,989		3,989
	1,873		1,873	2,305		2,305
	22,000		22,000	22,000		22,000
			-	359		359
	1,738	-	1,738	1,117	-	1,117
Total expenditure on charitable activities Separate material item of expense	108,344	-	108,344	94,422	16,408	94,422
			-		0	-
	-	-	-	-	-	-
Total Other	108,344	-	108,344	94,422	16,408	94,422


	-	-	-	-	-	-
	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-
	108,344	-	108,344	94,422	16,408	110,830

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 £
	400	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

14.2 Depreciation and impairments

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

88,000	-	-	-	88,000
-	-	-	-	-
22,000	-	-	-	22,000
-	-	-	-	-
-	-	-	-	-
110,000	-	-	-	110,000

1,012,000	-	-	-	1,012,000
990,000	-	-	-	990,000

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

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 £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
400	350		-
-	-	-	-
	-	16,950	19,650
400	350	16,950	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	75,774
		-
	86,526	85,974

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 2023	Charity no (if any)	1180128

	1-10

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 examiner's statement

In connection with my examination, no material matters have come to my attention (other than that disclosed below *) which 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.

Please delete the words in the brackets if they do not apply.

Signed: Name: Relevant professional qualification(s) or body (if any): Address:		28/10//2024

	Emmanuel Hackman (FCCA, MSc, B’Com)

	Association of Chartered Certified Accountants

	Suite 119 Estuary House
	196 Bollards Road Dagenham Essex
	RM9 5DU