## **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:_ - _-examine the accounts (under section 145 of the Charities Act);_ - _-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._ - _1 which gives us 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 accords with the accounting records and comply_ - _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_| 1 ## _**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_**
_-_| |||**_7,333_**
_7,656_| |||_(561)_
_534_
**_2,633_**
_2,099_| |||**_2,072_**
**_2,633_**| _**Sign: ____________________________________________**_ ## _**William Asamoah Tanor**_ _(Trustee Chairman)_ 2 ## _**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._ _3_ ## _**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_**
**_-_**| _4_ ## _**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._ _5_ ## _**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._ 6