2024-12-31-accounts - Glory Of The Cross Ministry

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Glory of the Cross Ministry Trust Trustees Annual Report for the Period 1st January – 31st December 2024.

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 receive spiritual encouragement to promote change in their lives and actively provide for them a safe space in the community.

Following on from the previous year’s collaboration with the local schools, the children from Durant’s school next door began visiting the GCM garden to grow vegetables and flowers and play games.

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 2024 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 28th September 2025 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 2024

Section A Statement of financial activities

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total funds £ F04	Prior year funds £ F05
115,117	-	-	115,117	89,546
-	-	-	-	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
115,117	-	-	115,117	89,546

-	-	-	-	-
94,143	-	-	94,143	108,344
-	-	-	-	-
-	-	-	-	-
94,143	-	-	94,143	108,344
20,974	-	-	20,974	- 18,798
-	-	-	-	-
20,974	-	-	20,974	- 18,798
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
20,974	-	-	20,974	- 18,798

201,810	857,366	-	1,059,176	1,077,974
222,784	857,366	-	1,080,150	1,059,176

Section B Balance sheet

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
-	-	-	-	-
968,000	-	-	968,000	990,000
-	-	-	-	-
-	-	-	-	-
968,000	-	-	968,000	990,000

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
129,500	-	-	129,500	86,526
129,500	-	-	129,500	86,526

400	-	-	400	400

129,100	-	-	129,100	86,126

1,097,100	-	-	1,097,100	1,076,126

16,950	-	-	16,950	16,950
-	-	-	-	-

1,080,150	-	-	1,080,150	1,059,176

-		-	-	-
	857,366	-	857,366	857,366
222,784		-	222,784	201,810
			-
222,784	857,366	-	1,080,150	1,059,176

Signature		Print Name		Date of approval dd/mm/yyyy

Section C Notes to the accounts

Note 1 Basis of preparation

----- Start of picture text -----
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 Ü
by 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
No ü
Please disclose:
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(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

*(i) the nature of the change in accounting policy;*	*(i) the nature of the change in accounting policy;*	*(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	2,953		-	2,953	2,134
Gift Aid	12,389		-	12,389	-
Legacies	-	-	-	-	-
General grants provided by government/other charities	-		-	-
Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
Donatedgoods,facilities and services	-	-	-	-	-
Other		-	-	-	-
Total	15,342	-	-	15,342	2,134

Members' Tithes & Offering	99,669	-	-	99,669	87,412
Special appeal	-		-	-
	-	-	-	-	-
Other		-	-	-	-
Total	99,669	-	-	99,669	87,412

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	106	-	-	106	-
Total	106	-	-	106	-

	115,117	-	-	115,117	89,546

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds	This year Restricted income funds Endowment funds	Total funds £	Last year Unrestricted funds Restricted income funds	Last year Unrestricted funds Restricted 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	1,818	-	1,818	1,854	-	1,854
	3325	-	3,325		-	-
	4,810		4,810	8,207		8,207
	27,982		27,982	47,566	-	47,566
	23,174		23,174	18,350		18,350
	33		33	-		-
	92		92	1,433		1,433
	1,383		1,383	2,520		2,520
	8		8	7		7
	3,179		3,179	1,596	-	1,596
	2,254		2,254	1,200		1,200
	1,345		1,345	1,873		1,873
	22,000		22,000	22,000		22,000
	1,164		1,164	-		-
	1,576	-	1,576	1,738	-	1,738
Total expenditure on charitable activities Separate material item of expense	94,143	-	94,143	108,344	-	108,344
			-			-
	-	-	-	-	-	-
Total Other	94,143	-	94,143	108,344	-	108,344


	-	-	-	-	-	-
	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	-	-	-	-	-	-
	94,143	-	94,143	108,344	-	108,344

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 £
	400	400
	-	-
	-	-
	-	-

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%

110,000	-	-	-	110,000
-	-	-	-	-
22,000	-	-	-	22,000
-	-	-	-	-
-	-	-	-	-
132,000	-	-	-	132,000

990,000	-	-	-	990,000
968,000	-	-	-	968,000

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	400		-
-	-	-	-
	-	16,950	16,950
400	400	16,950	16,950

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

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 £
	-	-
	7,418	10,200
	122,082	76,326
		-
	129,500	86,526

HACKMAN & CO. CHARTERED CERTIFIED ACCOUNTANTS

Suite 119 Estuary House Dagenham RM10 9AB Phone: 020 3540 8996

196 Ballards Road

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 2024

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) 24th October, 2025