GLORIOUS FAMILY CHAPEL
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
Charity Number: 118 1427
I present the Report for the Charity for the period to 31 December 2020
COVID-19
2020 Was a very challenging year for the Church due to the impact of the pandemic. Besides the negative financial impact, lack of face-to-face meetings due to the lockdown affected most of our members in a negative way.
Notwithstanding, due to the online service, the church was able to reach out to people outside the community. People were able to join from different parts of the country and beyond
COMMUNITY PROJECTS
During the year, the Church did a lot of prayer support for the community, especially those who were affected by the pandemic
LOOKING FORWARD
We are constantly praying for life to come back to normalcy so we can fulfil out commitments to the local community
JESUS IS LORD
William Asamoah Tanor
(Chairman)
INDEPENDENT EXAMINER'S REPORT TO GLORIOUS FAMILY CHAPEL
CHARITY REG. NO. 118 1427
I report on the accounts of the trust for the year ended 31 December 2020 which are set out on pages 1 and 2
Respective responsibilities of Trustees and examiner
As the Charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 144 of the Charities 2011 act (the Act) does not apply.
It is my responsibility to:
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-examine the accounts (under section 145 of the Charities Act);
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-follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act); and -state whether particular matters have come to our attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 a 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 we do not express an audit opinion on the accounts.
Independent examiner's statement
In connection my examination, no matter has come to my attention.
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1 which gives us reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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-to prepare accounts which accords with the accounting records and comply
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with the accounting requirements of the Act have not been met;
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Geoffrey K Donkor ( Bcom., FCCA) ROKNOD Accountants Chartered Certified Accountants Pod 3 The Hive Plant Hill Road Manchester M9 6NP
GLORIOUS FAMILY CHAPEL
RECEITPS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
Charity Registration Number 118 1427
GLORIOUS FAMILY CHAPEL
REFERENCE AND ADMINISTRATIVE DETAILS
| CHARITY REGISTRATION NO.: | 118 1427 |
|---|---|
| PRINCIPAL ADDRESS: | 8 SUMAC STREET |
| MANCHESTER | |
| M11 4QB | |
| GOVERNING DOCUMENT: | CONSTITUTION |
| BANK: | BARCLAYS BANK |
| LEICESTER | |
| LE87 2BB | |
| TRUSTEES: | THE CHURCH BOARD |
| INDEPENDENT EXAMINERS: | Geoffrey K Donkor ( Bcom.,FCCA) |
| ROKNOD Accountants | |
| Chartered Certified Accountants | |
| Pod 3 The Hive | |
| Plant Hill Road | |
| Manchester | |
| M9 6NP |
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GLORIOUS FAMILY CHAPEL RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR FROM 1 JANUARY 2020 TO 31 DECEMBER 2020
| CHARITY NO. 118 1427 INCOMING RESOURCES OFFERINGS TITHES SPECIAL OFFERINGS SUNDAY SCHOOL BOOKS CHILDREN'S SERVICE OTHER MISCELLANEOUS INCOMES TOTAL INCOMING RESOURCES RESOURCES EXPENDED Rent Musical Equipment Purchase Sunday School Books CCTV Cameras Installation Cleaning & Sanitation Office Expenses Charitable Donations Acountancy & Independent Examiner Costs Miscellaneous Ministry costs TOTAL RESOURCES EXPENDED NET RECEIPTS CASH FUNDS Brought forward Cash Funds Carried Forward |
Unrestricted Funds 1,693 3,420 409 - - 1,250 6,772 6,520 - - - 38 - 241 150 384 7,333 (561) 2,633 2,072 |
Total Total 2020 2,019 1,693 3,254 3,420 2,429 409 1,750 - 120 - 65 1,250 572 |
|---|---|---|
| 6,772 8,190 |
||
| 6,520 6,360 - 222 - 90 - 200 38 9 - 322 241 454 150 384 - |
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| 7,333 7,656 |
||
| (561) 534 2,633 2,099 |
||
| 2,072 2,633 |
Sign: ________
William Asamoah Tanor
(Trustee Chairman)
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GLORIOUS FAMILY CHAPEL
NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 BASIS OF ACCOUNTING
These accounts have been prepared on a receipts and payments basis in accordance with the charities Act 2011 and Charities SORP 2005
2 CHANGE IN BASIS OF ACCOUNTING
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year
3 PAYMENTS TO TRUSTEES
The Trustees received no remuneration, direct or indirect benefits from the charity
Out of pocket expenses in respect of Church expenses are refunded to Trustees and members
4 FUNDS
The Charity has no Restricted Funds
5 GOING CONCERN
The financial statements have been prepared on a going concern basis.
The Charity's ongoing activities are dependent upon the continued support of the Trustees and the Members who have undertaken to provide such support for the forseeable future.
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GLORIOUS FAMILY CHAPEL
STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2020
| CASH FUNDS Barclays Current Account |
2020 2019 £ £ 2072 2633 |
|---|---|
| 2,072 2,633 |
TANGIBLE FIXED ASSETS
Church Drums Keyboards Mixer Other Misc musical Equipments
LIABILITIES
| Independent Examiner | 150 - |
|---|---|
| 150 - |
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GLORIOUS FAMILY CHAPEL
Note 2 ACCOUNTING POLICIES
This standard list of accounting policies has been applied by the charity.
INCOMING RESOURCES
Recognition of incoming resources
These are included in the Statement of Financial Activities (SOFA) when:
the Charity becomes entitled to the resources;
the trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income)
the incoming resources and related expenditure are reported as gross in the SOFA
Grants and donations
Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.
Tax reclaims on donations and gifts
Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual income and performance related grants
This is only included in the sofa once the related goods or services have been delivered
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.
Donated services and facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or facility received
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report
Investment income
This is included in the accounts when receivable
Investment gains and losses
This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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GLORIOUS FAMILY CHAPEL
EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised as soon as there is a legal construstive obligation committing the charity to pay out resources
Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. They also include Premises costs, made up of Rent Lighting and Heating, Administrative costs including Telephone and internet, postage and stationery, as well as Travel and other Volunteers expenses
Grant with performance conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the receipient of the grant has provided the specific service or output.
Grants payable without performance condition
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg alocating property costs by floor areas, or per capita,staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use by the Charity
These are capitalised if they can be used for more than one year, and cost at least £500.They are valued at cost or a reasonable value on receipt.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at trustees' best estimate or market value.
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