Registered number 1193488
Gracemass Church Planting Ministries
Report and Financial Statements
31 December 2021
Gracemass Church Planting Ministries Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees Report | 2 to 6 |
| Independent Examiners Report | 7 to 8 |
| Income & Expenditure statement | 9 |
| Balance Sheet | 10 |
| Notes to the financial statements | 11 to 12 |
Gracemass Church Planting Ministries Charity Information
Trustees
Revd Edmund Alwyn James Cargill Thompson MA Oxon MA (Chair) Mr Jason Spyridon Plessas
Miss Hannah Leigh Payne (known as Hannah Trueman) (until 17th August ) Mrs Victoria Jane Thomas (until 23 March 2021)
Mrs Veronika Vankova (until 18 October 2021)
Mr Jason (known as Jay) Pelp (from 4 December 2021)
Independent Examiner
Sue Monkton Rickett FCCA
21 School Lane, Lawford Manningtree, Essex. CO11 2HZ.
Bankers
Lloyds Bank plc 25 Gresham Street,
London
EC2V 7HN
Registered office
The Vicarage, Raglan Way, Northolt, London UB5 4SX
Registered number 1193488
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Gracemass Church Planting Ministries Registered number: 1193488 Trustees' Report
The trustees present their report and financial statements for the period ended 31 December 2021.
Name and Registered Office
The name of the charity is Gracemass Church Planting Ministries CIO
Registered Address: The Vicarage, Raglan Way, Northolt. UB5 4SX
Gracemass Church Planting Ministries became a registered Charity on 10 February 2021 (no:1193488)
Gracemass Church Planting Ministries is a Charitable Incorporated Organisation (CIO) with a constitution dated 25 January 2021.
OBJECTS
To advance the Christian faith in accordance with the Statement of Faith, in London and throughout England & Wales, for the benefit of the public mainly but not exclusively through the provision of sacraments, the holding of prayer meetings, religious study and education, public celebration of religious festivals and to provide outreach and pastoral care for the community.
TRUSTEES
Revd Edmund Alwyn James Cargill Thompson MA Oxon MA (Chair)
Mr Jason Spyridon Plessas
Miss Hannah Leigh Payne (known as Hannah Trueman) (until 17th August )
Mrs Victoria Jane Thomas (until 23 March 2021)
Mrs Veronika Vankova (until 18 October 2021)
Mr Jason (known as Jay) Pelp (from 4 December 2021)
The governing document provides for the appointment of trustees. There must be at least three trustees. There are appointed trustees and ex offico trustees. There must always be more appointed trustees than ex-officio trustees.
In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity. Apart from the first trustees, every appointed trustee must be appointed for a term of three years by a resolution of the trustees passed at a special meeting. Any eligible trustee may be re-appointed, subject to them still having skills, knowledge and experience needed for the effective administration of the charity.
Any clergy person licensed to "Gracemass Church" shall be an ex-officio trustee for as long as they hold that office.
Trustee training is undertaken on a regular basis.
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Gracemass Church Planting Ministries Registered number: 1193488 Trustees' Report
STATEMENT OF FAITH
We are a Christian organisation in the Catholic Charismatic Tradition
We are Christian in that we adhere to the Nicene Creed-
We believe in one God, the Father, the Almighty, maker of heaven and earth, of all that is, seen and unseen. We believe in one Lord, Jesus Christ, the only Son of God, eternally begotten of the Father, God from God, Light from Light, true God from true God, begotten, not made, of one Being with the Father. Through him all things were made. For us and for our salvation he came down from heaven: by the power of the Holy Spirit he became incarnate from the Virgin Mary, and was made man. For our sake he was crucified under Pontius Pilate; he suffered death and was buried. On the third day he rose again in accordance with the Scriptures; he ascended into heaven and is seated at the right hand of the Father. He will come again in glory to judge the living and the dead, and his kingdom will have no end. We believe in the Holy Spirit, the Lord, the giver of life, who proceeds from the Father and the Son. With the Father and the Son he is worshiped and glorified. He has spoken through the Prophets. We believe in one holy catholic and apostolic Church. We acknowledge one baptism for the forgiveness of sins. We look for the resurrection of the dead, and the life of the world to come.
We are "Catholic"- by which we mean holding a set of beliefs held by many within the Anglican, Roman Catholic, Orthodox, Lutheran, and certain denominations, which include but are not limited to:
(i) That the risen Lord Jesus Christ is really present in the bread and wine of Communion.
(ii) That baptism is not primarily an act by the operson being baptised in which they express their faith in God but primarily a sacrament in which God acts within the person being baptised.
(iii) That there are other tites or ceremonies sometimes called sacraments in which through an outward and visible sign God ministers as inward and Spriritual grace.
(iv) That God was at work in the lives of the saints, that we can learn from both their teaching and example, and that they continue surround us as a great cloud of witnesses praying for us before the throne of God in heaven.
We are "Charismatic" meaning holding to a set of beliefs including but not limited to
(i) That the Holy Spirit did not cease to be active at the close of the bible but contiunue to be active today.
(ii) That people can have an experiential encounter with the Holy Spirit (sometimes referred to as "being filled with the Holy Spirit".
(iii) That the Holy Spirit gives differing gifts to believers including for example the gift of tongues.
PUBLIC BENEFIT
In accordance with their statutory duty, the trustees have had regard to the guidance issued by the Charity Commission on public benefit. As the church(es) planted by Gracemass Church Planting Ministries grow the scope of the benefit to the public will increase and some of the vision we have outlined in our constitution. At the moment our public benefit consists of
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Gracemass Church Planting Ministries Registered number: 1193488 Trustees' Report
Religious Activities - At the heart of the charity’s work are the religious services provided by the first church we have planted, Gracemass Church. We advance the Christian religion sharing our faith with a variety of people across London. We provide pastoral care to those within the church; those within the wider family connected to the church; and those we encounter, particularly for example through our presence in the George Pub.
Community Development- Gracemass has gathered a community around itself consisting both of the worshippers at the church and a wider group gathered around them including several immigrants new to this country and young adukts new to London including people of all faiths and none. This has helped those new either to England or London to integrate more fully within the wider community, as well as giving them opportunities to practise their English. Members of the community have been able to provide peer support with mental issues, job searches, and personal development.
ACHIEVEMENTS AND PERFORMANCE
Summary of the main achievements of the charity during the period (10 February 2021- 31 December 2021)
Gracemass Church Planting Ministries has established one church so far- Gracemass Church which is fully operated and run by Gracemass Church Planting Ministries. Gracemass church began meeting via Zoom during the pandemic. Gracemass Church began meeting in 2020 before the Charity was formally incorporated. In October 2021 the Church began meeting physically for mass, meeting fortnightly at 4pm. Its initial venue was the upstairs room at the George pub in Soho. Unfortunately, the George Pub stopped opening on Sundays in November and we had to find a number of temporary venues for the remainder of the year (a more permanent venue was found in January 2022). There are 20 -30 people within the wider Gracemass community. An average of around 8 people attended each mass in 2021.
Gracemass Church uses a number of Social Media, in particular a thriving WhatsApp group as a way of holding the community together midweek. This group is used for people to share prayer requests, provide mutual pastoral care when going difficult situations, and to give people an opportunity to get to know one another better. Various social meetups have also been organised. These have included not just the active memebers of the church but a wider social community including those new to England and to London. Our Church members have helped them to integrate more fully into wider society.
During 2020 (before charity registration) and 2021 Gracemass Church ran three Alpha Courses using Zoom. This was a major part of our evangelistic outreach. We have also used a variety of social media and personal contact to reach out.
Priestly ministrations have been provided for Gracemass Church by Fr 'Mund@ Cargill Thomson. He has been in a position to provide these fortnightly (and through the provision of vicarage) through another post he holds within the Diocese of London. It is the intention of the trustees that we shall as soon as possible meet weekly and for this and our subsequent growth we believe we will eventually need a priest fully dedicated to us. "A Labourer is worthy of his hire" (Luke 10;7 and 1 Timothy 5:18). Thus as trustees we are committed, once we can afford it, reimbursing our priest(s) as a rate equivalent to the Church of England, including stipend, reimbursement of expenses, and the equivalents of housing and other benefits that a Church of England vicar receives. However we recognise that financial limitations mean that initially at least, the level of financial support we will be able to offer any priest will be considerably lower than that.
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Gracemass Church Planting Ministries Registered number: 1193488 Trustees' Report
Music at our masses has been provided by Yu Hng Ng. Yu Hng is a classically trained composer, pianist and professional musician who also has a wide experience of contemporary worship music. Yu Hng composed for our us our own Gloria which was used regularly at our physical masses in 2021.
Gracemass Church worships as a Church of England congregation under the provisions of Canon C8 whereby an incumbent may invite a clergy person in good standing to conduct services within his parish. We are extremely grateful to Fr Simon Buckley, Vicar of St Anne’s Soho for giving our priest, Fr ‘Mund Cargill Thompson permission to conduct Gracemass’s services within the bounds of his parish. We are in conversation with London Diocese about a more formal structural arrangement for Gracemass Church.
Gracemass faced a significant challenge throughout 2021 in terms of a lack of bank account. In February 2021 Gracemass began opening a bank account with Lloyds Bank. Due to errors which they have admitted (and compensated Gracemass for) it took them until October 2021 to open the bank account and it was not fully operational until December. The lack of a bank account during the period prevented us from being able to fund raise properly leading to lost income. It also severely curtailed the level of activity we were able to engage in in 2021 due to a lack of access to money.
During 2021, particularly as a result of the banking issues above, members directly covered the financial needs of Gracemass Church, including paying our musician and the costs of venue hire when we were unable to obtain them for free. The Charity Gracemass Church Planting Ministries took over the funding of the musician for Gracemass church after the period end. The Trustees have also been actively accumulating funds for our goal of funding a priest to minister to us.
POLICIES
Gracemass Church Planting Ministries has the following policies in place: -
a.Risk assessment
b.Conflict of Interest Policy
c.Safeguarding
d.Complaints Procedure
e.Fund Raising Policy
All other necessary policies are in the process of being written.
CHARITY GOVERNANCE CODE
Gracemass Church Planting Ministries aspires to following the Charity Governance Code. On a regular basis, as part of Gracemass Church Planting Ministries trustee training, the different principles of the Code are discussed at trustee meetings, and in particular their application to the prevailing and developing circumstances of Gracemass Church Planting Ministries.
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Gracemass Church Planting Ministries Registered number: 1193488 Trustees' Report
DECLARATION
Gracemass Church Planting Ministries Trustees declare that they approved the Trustees’ Report above at the meeting of the Trustees held on 31/08/22
Signed on behalf of the Gracemass Church Planting Ministries Trustees
Full name: Revd Edmund Alwyn James Cargill Thomson
Chair of Trustees
Date: 31st August 2022
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Report of the Independent Examiner to the Trustees on Gracemass Church Planting Ministries CIO for the period ended 31st December 2021
I report to the Trustees on my examination on the financial statements of the charity on pages 9 to 12 for the year ended 31st December 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and the Financial Reporting Standard 102(effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS102 SORP (Statement of Recommended Practive for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (SORP), puiblished by the Charity Commission in England & Wales (CCEW), and under the historical cost convention under the historical cost convention and the accounting policies set out on pages 11 to 12.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Respective resposibilities of the Trustees and the Independent Eaximiner and the basis of the report
As described on page , you, the charity's trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice and for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and there is no requirement in the Governing Documenmt for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to
a) an independent examination the financial statements of the charity under section 145 of the act b) follow the applicable procedures in the Directions given by the Charity Commission under section 145 of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial staements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act setting out the duties of an independent examination. An independent examination includes a review of the accounting records kept by the charity presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you, as Trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and discklosures made, the financial statements comply with SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an
Consequently, I do not express an audit opinion on the view given by the financial statements and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
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Report of the Independent Examiner to the Trustees on Gracemass Church Planting Ministries CIO for the period ended 31st December 2021
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination and can confirm that:-
This is a report in respect of an examination carried out under section 145 of the Act and in accordance with Directions given by the Charity Commission unser 145(5)(b)of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
i. accounting records were not kept in respect of the charity as required by with Section 130 of the Charities Act 2011;
ii. The financial statements do not accord with those records; or
iii. The financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
I have no concerns and 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 financial statements to be reached.
Signed Sue Monkton Rickett
FCCA 21 School Lane, Lawford Manningtree, Essex. CO11 2HZ.
This report was signed on 28th October 2022
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Gracemass Church Planting Ministries Registered Charity Number 1193488 Income & Expenditure Statement for the period from 25 January 2021 to 31 December 2021
| Unrestricted Notes Funds £ Donations Eligible for Gift Aid 310 Not Eligible for Gift Aid 100 410 Other Income Lloyds Bank compensation 2 350 TOTAL INCOME 760 TOTAL EXPENDITURE - SURPLUS OF INCOME OVER EXPENDITURE 760 |
Restricted Funds £ - - - - - - |
2021 £ 310 100 410 350 760 - 760 |
|---|---|---|
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Gracemass Church Planting Ministries Registered Charity Number 1193488 Balance Sheet as at 31 December 2021
| Current assets Cash at bank and in hand Creditors: amounts falling due within one year NET ASSETS Capital and reserves Income & Expenditure Account |
2021 Unrestricted Restricted Total £ £ £ 760 - 760 760 - 760 - - - 760 - 760 760 - 760 |
|---|---|
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respectto accounting records and the preparation of accounts.
Revd Edmund Alwyn James Cargill Thompson MA Oxon MA (Chair) Trustee
Approved on the 31st August 2022
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Gracemass Church Planting Ministries Notes to the Accounts for the period from 25 January 2021 to 31 December 2021
1 Summary of significant accounting policies
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102 (effective 1st January 2016) and FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities)2015,(as amended by the Bulletin issued in February 2016). (The SORP), published by the Charity Commission in England & Wales (CCAEW), effective January 2016, and in accordance with all applicable law in the charity's juristiction of registeration, except that the charity has prepared the financial statements in accordance with the FRS102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Risks and future assumptions
The charity is a public benefit entity.
There are no material judgements, apart from those involving estimations, that management has made in the process of applying the entity's accounting policies that have any significant effect on the amounts recognised in the accounts except those related to the chosen rates of fixed asset depreciation.
There are no key assumptions, other than the going concern basis, concerning the future, and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
Policies relating to categories of income and income recognition.
Nature of income
Income from a non-exchamge transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions is recognised in the statement of financial activities(SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
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Gracemass Church Planting Ministries Notes to the Accounts for the period from 25 January 2021 to 31 December 2021
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Volunteers
In accordance with the SORP. And in recognition of the difficulties in placing of a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
2 Exceptional Item
2021 was the first year of operation for the charity. Problems at Lloyds Bank (which they have acknowledged) delaying the opening of our bank account for six months. Further problems with Lloyds engaging in GDPR and security breach led to us having to ask for our account to be frozen until LLoyds had resolved the issue. This occurred only a month after it had been opened. This significantly limited our ability to fund raise.
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