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2023-12-31-accounts

GLORIOUS FAMILY CHAPEL CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2023

The Trustees present the report for the year 2023 as below.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The activities of Glorious family Chapel are overseen by the Head Pastor and Church Executives of the Church in accordance with the provisions of The Structure of the Glorious family Chapel

The governing document of the registered charity is a statement adopted by the Church Meeting in 2019.

OBJECTIVES AND ACTIVITIES

As a local congregation of the Glorious Family Chapel, Glorious Family Chapel seeks to advance the Christian religion through its activities and the facilities offered to the community by its building, as described more specifically in its mission statement as outreach support.

The Elders’ Meeting is aware of the Charity Commission's guidance on public benefit in "The Advancement of Religion for the Public Benefit" and has regard to it in the administration of the Church.

The Elders’ Meeting believes that the Church provides benefit to the public by:

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

During the year under review, the church was able to achieve its goal of spreading the gospel through engaging the community and making available the premises for public use.

Through the church programs and activities, lives have been transformed especially through the counselling services.

FINANCIAL REVIEW

1. A summary of the state of the Church finances, significant changes in receipts and payments from the previous year, and the result a surplus for the year.

2. The church Receipts and payment for the year show a surplus for the year. The total receipts for the year ended 31st December 2023 was £8,667 and the total payment for the year ended 31st December 2023 was £2,773. this resulted in a surplus of £5,894.

3. The church has Cash at bank for the year ended 31st December 2023 was £16,059.

Trustee Chair

Rev. Dr. William Asamoah Tanor

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 2023 which are set out on pages 2 to 4

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:

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.

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 Office No.1 City View Offices 99 Long Street Manchester M24 6UN

GLORIOUS FAMILY CHAPEL

RECEITPS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
Office No.1 City View Offices
99 Long Street
Manchester
M24 6UN

1

GLORIOUS FAMILY CHAPEL RECEIPTS AND PAYMENTS ACCOUNTS

FOR THE YEAR FROM 1 JANUARY 2023 TO 31 DECEMBER 2023

CHARITY NO. 118 1427
INCOMING RESOURCES
OFFERINGS
TITHES
SPECIAL OFFERINGS
GIFT AID
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
2,890
3,181
-
2,596
-
8,667
2,003
-
-
-
-
-
375
395
2,773
5,894
10,165
16,059		 Total
Total
2023
2,022
2,890
6,227
3,181
2,035
-
900
2,596
-
-
-
-
1,495
8,667
10,657
2,003
6,180
-
-
-
-
-
-
-
-
-
-
375
463
395
350
-
660
2,773
7,653
5,894
3,004
10,165
6,811
16,059
9,815

Sign: ________

William Asamoah Tanor

(Trustee Chairman)

2

GLORIOUS FAMILY CHAPEL

STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2023

CASH FUNDS
Barclays Current Account
LIABILITIES
Independent Examiner
NET WORTH		 2023
2022
£
£
16,059
10,165
16,059
10,165
395
350
395
350
15,664
9,815

TANGIBLE FIXED ASSETS

Church Drums Keyboards Mixer Other Misc musical Equipments

3

GLORIOUS FAMILY CHAPEL

NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

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.

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

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 2023 which are set out on pages 2 to 4

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:

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.

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 Office No.1 City View Offices 99 Long Street Manchester M24 6UN