Charity numbér: 1022567 God's Church of Peace Trustees, Report & Financial Statements 31 December 2022 API Partnership Ltd TIA Chandler & Georges Chartered Accountants & Registered Audltors 75 Weslow Hill Crystal Palace LorKlon SE19 1TX Tel.. 020 87612213 Fax: 020 8670 9148 .co.uk
God's Church of Peace for the year ended 31 December 2022 Contents Page Charity Infomiation Trustees, Report Independenl Examiners, Report Profft and loss aeeount 10 Balance sheet 11 Notes to thE accounts 12-15
God's Church of Peace for the year ended 31 December 2022 Charity Informatlon Tru8tee8 Mrs M Owusu Yaw Mr E K Abba-Fynn Mr V K Anlng Capt. C D I Daramonu Ms Mlrlam Quansah Mr S Oppong Prlnclpal address 2-8 Manor Grove Peckham London SE15 1SX Bankers Lloyds fsB Willesden Green HSBC 184 High stet Bromley Kent BR1 1HE Reportlng accountants API Partnershlp Lld TIA Chandler & Georges Chartered Accounlan18 75 Westow Hill Crystal Palace London SE19 1TX ca.co. Charlty numbèr 1022567 Date of reglstratlon 17 April 1992 HM Revenue & Custorns r•fvrgnce XT18273
God's Church of Peace for the year endèd 31 Decèmber 2022 Trustees, Report contd. The Iruslees present their report with Ihe finan¢ial $taknents of the charty for the year ended 31 Decernber 2022. PRINCIPAL ACTIVITY The win¢lpal aclfvity remains the athiarKemont of Chri5tsanty and the Pentecostal Church. Aims ind Purpo8+8 11 is the responsibility of the Board ol Trustees in LorKlon18TLI lo help pcophetess Theresa. The Leader nd Founder. in promoting the pastoral. evaThJelisI, soual and ecumen1 work of the Church. The BTL Olso malnlèlns Ihe church building and rectory ai Christ the King Chap¢l, 2 - 8 Manor Grove, London SE15 ISX. ObJ•¢tl¥•8 and A¢tlvitl•• The prime objective of the BTL Is lo get as many people as po8sknl8 to worship al the Church. 8TL 8180 seeks lo gel many peoF4e lo become members of God's Church of Pe Inlernational. To this end we advise the Clergy ¢)n ways lo improve their perlomian¢e and also liaise Nmth various groups in the Chur¢h 10 m8ke contribulions lov•ard5 the Church's impr¢)¥emenl. For instance. the 8TL mak83 syrg Ihal the Church 8and has Ihe eqvipmenl and pefsonnd lo prov*Je gC music during ¢hufch servlces.. In working towarrJ$ our objectives, the 8TL is guided by the Chanty COMMI10n.8 guld8nc8 on wblic benelll. and more specifically. the guidance on Chari1¥ lor the advancement ol rellgron. All our 8clivilie5 are geared towards helping the ordinary man or woman to pul hi8 or hef Christian 18ith inio practice. EFFECT OF THE COVID PANOEMIC Church Servlces and Pr&y•r meetlngs The church servSces and prayer meetings are no rnore affected by the COVID pandemic. The rnembefs of the cOng98110n have resumed attending church services. and prayer meetings, in the church building. Harv•st We a back lo having Iwo harvesls 4 year. The first haTresl wa5 held in May 2022 and the maln harvest wa5 in November 2022. One main a¢lv8ntsge ol the Z¢J(wnlYouTube meetings i8 that members have now mastered the art ol paying online for the harvest sales, and even their dues and lilhes, the harvest yielding lolal of £21,469. Dues Ind Offerfng The congregation wère encouraged to make ContributnS online. Due$, dona$. and oflering were pald dlreclly by the congregation lo Ihe church's bank aeLounts.
God's Church of Peace for the year ?nded 31 December 2022 Trustees, Report ¢ontd. Mortgage We continue lo be mortgag&free. We are rthv in Ihe prw of registering our new stslus vAlh the Land Regi51ry. The financial burden on the church has been reduced. The thurch wll be able to organlse trips and other sighiseeing activrties for its members. We will be able to attencl to various repairs and relurbishments in the church's house. Achlevements and p8rfonnance The Youth Minislry.. The London Youth MTnislry has been rejuvenated after the pandemio Thèy hold their meetings oftline and in the chureh building. Through hard work and Sheer ingenuity. they ivere able lo achieve their primary purpose of the L%)mbattiThJ the inc#J8nls of knife and gun uimes in London. Parucipants activities of the youth mini51ry have four to be very rewardiig. Children and leenagers invofved have built friendships and tovnd supKM)rt through youth rninislry. They have developed ideas lor the youth in the church by fc¢LL8ing on a combination of bible sludy. 5eNice, funlsocial activitie& TThe leadership of the chufch. once again. commended the youlh of the LcM)don brnnch for helping to raise the avrdreness of the destructive effecis of knrfe and gun crimes. Bible Study: A e part of the youth ministry is bible study. Pwenbng relig¥)us lessons in a way that is interesting and appealing lo youth i8 a main focyjs for thurch leaders. When choosing a topic for a bible study SesOn. the clergy thinks of ways to apply the lesson to situakns the children are currenuy dealing with- parents. friends, peer pressure, knife and gun crimes. Derling on the age of the group, lopics like relationships, or substarbce abuse are also appropriale. They ckrgy utilrLes bible passages and lessons as well as crafts or creative aclNiUes to support the teaching and conversati. Retreats: Day or overnight lrea15 have been organised to Provide Op[rtunItieS for strengthening the youth ministry group. The relreals prov#Jed opwrtunilies for bible sludy. servTr. and social inieraclion. For the lime-being retreats have been confined lo the church yemBes. There are many retreat cenlres across the country that host groups and can tailor xtmlies for service or team building. Some Mjeès lor fvlure retreats would induding skiing. wsiling the beaeh ty a lourisl attradion. or cafflpin9. Have the members of the group Wofk together lo complete tasks Id(e cooking and thaning lo foster a strong group dynamic.
God's Church of Peace forthe year ended 31 December 2022 Trustees, Report contd. Community Service.. There are many ways that youth ministy groups can provide service lo the community. One way is through projects supporting the church such as simple gardening, cleaning or painting. Another option is aclNilies geared towards supporting the church congregation. including projeels lo recognize birthday celebrations or assisting elderly members with household lask5. Another type of service project that Is approprtale for youth ministry groups is supporting o)mmunity organizations like the food bank. soup kitchen. of parks and recreation department. Fundraising: The youth ministry wéll host fundraising aclivllies lo support the church or charitable causes. The fundraisu)g activities woukl involve the families and oldef members ol the church. Some ideas include bake sales. church dinners or selling homemade ¢rafts. They also plan lo organize plays and musical events. Women's Fellowshi Mini$l The Women's Ministry of GCOP is a vibrant ministry for women ol all ages and stages of life. The aim Is lo meet the needs of women bolh spiritually and naturally through solid fellowship, discipleship, as well as encouragement and biblical leaching. The ultlmale vision of this ministry is lo bring women lo a place of excellen and maturity in Christ. To encourage them lo make a positive difference in 811 that they do while always embodying the attribules of God. This ministry has been established to strengthen women's. lo stir up Lhe gift5 and help them understand their calling so that they will fulfil their destiny in Christ, so that the will of God can be accomplished in the church.
God's Church ol Peace for the year ended 31 December 2022 Trustees, Report contd. h Service and Pra er Meetin Our main church semce is held on Sundays beknn 11.00 am and 14.30 pm. The Sunday service involves prayers. Bible le8ching, gospel music, bapli5rn. and sacrament. Qunng the Bible teaching session the clergy help members lo learn about the Bible and to develop their knowledge and tru51 In Jesus ChrisL Thi5 15 follDwed by Adoration and prayer session in which people ale encouraged lo extol God and worship Him. There is also a period in which people give teStirrnies, telling others about how God has helped them Ihiough their trials. troubles, sickness elo Thi5 helps lo encourage olhers to sland firm in the Lord Jesus Chri51. We also provide Evening Semce every Tuesday and Friday from 20.00 10 2130. These seNlces provide for effective prayers lor membor$. They also give members quiet, inlimale, and relle¢live environment for p3rishioners. )Ne 81so organi5e Al-Nighl Prayer services on the last Friday ol every month, New members lind these 5&ssions very attracllve as they provide avenues for them lo make fervent prayers to God. We also hold other activities lo enable our parishioners ID ce18brale and thank God for important even15 in their lives. We hold Dedication Service for newly-bom children to thank God for the oift of children, which is His heriiage. Bap115m services are held lo enable people to commit themselves lo the service and worship of God. Marriage services offer people Ihe opportunity lo lie the knot before fellow believers. Harvest services are held 3 limes a year lo enable parishioner5 to bring their harvest offerings lo God. Last bul nollhe le8sI we hold Thanksgiving services lo enab bereave(I family and friends lo grief and thank God for the lives of lost ones and lo commend the departed sou15 into God's safe keeping. Hierarch The adminlstralion of the church in LorOn is headed by Prophetess Theresa. She is as51sled by a leam of 2 pastors, and S Elders ol Ihe Church. The Clergy is made UF 012 pastors. an Overseer and 1 Worker, who tske turns to conduct the varfous services organisad by the ChuTCh.
God's Church of Peacg for the year ended 31 December 2022 Trustees. Report contd. The rectory is officlally the residence ol the past(Y. 11 conssts of 1 en-wile apartment and S double syzed bedroom.s. a kitchen and I large INing ro)m. The place has been rented out in Ihe pasl in order lo help in relieving us ol our linancial commitments. From September 2019 the propety has been rented to single family. The rent received is rellected in our Financial StslemenL Church Hall Apart If¢)m the maln chLtrrch hall. whth is on the first floor of the chuich complex. there are 3 olher ha115 oh the ground ftoor. Plans are in the pipe-line lo devebp these halls lo meet the slring?nl heallh and safety requirements which will enablg US to hire them out lo the put4K. ab rk In Gha The Church undertakes various ¢harilable responsibilitlès In Gh8n8. The Church has 4 brnnche8 in Ghana, namely, KLirna$i, Cape Coast, Accfa, and Team. The Kumasi bfanch has a Senior Secondary School, which hos been In exislence for more Ihan 20 years. There is also a Junior School and Health Centre in Accra. Apart from these the Church has adopted wards in the Ic41owing hosplals in Ghana.. Korle-8u Teathing Hospital. Accrn, Rtdg• Hospital Accra. Mental Hospital. Accra. Menlal Hospital. Ankaful. and Okomfo Anokye Teaching Hospital, Kumasi. W• send items Ilke 14ankels, clothing. and pTovi$ions lo the varlous wards we have adopted every monih. In Ghana. God's Chuith of Peace 1$ a member of the Chrislian CourKil of Ghana. We also hav• good working ielalionship the Church of England. Behbten 1984 and 1992 we used lo share the Maynower Church 1h the Church of Engnd. We moved to our presenl premises In 1992. However. we have malnlained cordial working relatN)nships wlh the Church of Éngland. We toamed up with them lo form the League of Chrislian Missn¥ in 1988. This projecl has helped various organisations and in81ilulions in Ghana.
God's Church of Peace for the yearended 31 December 2022 Trustees, Report contd. Financlal Review Unrestricted funds r8isad during the year was £52,247. Other Income.. Rental income- £33.000 Investmenl income- £5 £90,837 was spent from unre5tricled funds to mainlaln the ehuroh, hovse the clergy and mak8 mission donations. The church's laigesl expenses afe premises cos19 and staff salaries. The nel result for the year w88 8 deficit of £5.585. Stru¢tur• and Management The Trustees durfng the peiiod under review and al the date of this report were.. Mr V K Aning Mr E K Abba-Fynn Ms M Quansah Mrs M Owusu Yaw Capt. C D l Daramanu Mr S Oppong Trustee I Secretary Trustee Tnjslee Trustee I (Ag. chaiMnI Trustee Trustee Capt. C D l Daramanu, a former member of TBL, passod away in 14 October 2023. The 8TL member5 are regponsible for making decisions on all malters of general concern and importance lo the Church. They also decide on how the funds ol (he Church are Spent.
God's Church of Peace for.the year ended 31 Oecember 2022 Trustees. Report contd. STATEMENT OF TRUSTEES, RESPONSIBILrriES Chaiity Law require3 the trustees lo prepare finanaal ststements for each fmanual year which give Ifue and lair v¢ew ol the slate of affairs of the Charity and of Ihe surplus or deficit of Ihe Charity for that period. In pparIng those financial 51alements. the tnleeS are requifed to - select"suitsble accounlkn9 poliG'es and then ap5 them consistenty. make judgements and eslima1é5 that a reasonable and piudent.. prepare the financial 5tstemenls on the going con¢ern basis unless it is iupwopriate to Presume thal the charity will continue in operation. consider Ihal the audit requiremenl ol seC1K 144 {21 of the Charities Acl 2011 does not apply. The trustees are responsible lor keeplng proper aecounliry record5 whieh discI)se with reasanable accuracy al any lime the financial position of the ¢harity and to enable Ihem lo ensure Ihal the financial slatemènls comply Vilh Ihe Ch8rilies Ad 2011. fhey are a150 responsible for S31eguar(ling Ihe assets ol the charity and hence for taking reasorsable sieps for the preventK)n and detection ol fraud and other irregularilies. ACCOUNTANTS The Accounlanls, API Partnership Ltd TIA Chandler & Georges. wrfl be proposed for reappoinlment. ON BEHALF OF THE 80ARD OF TRUSTEES: Truste• V,. cThi hdlhlG Daled.. f-t) f-aL.Ik4 Trust• lkj+iiiillpl éN &KJkniSLI-yoiVJ Truste• Dale¢J.' Trustse cb1vt 16 L3[% - t-YLJiI
God's Church of Peace for the year ended 31 Dec8mber 2022 5ndependent Examiners, Report to the Trustees I report to the trustees on my examination of the a¢counts of the God's Chuich of Peace for the year ended 31 December 2022, which are sel out on pages 10 10 15. Responslbllltles and bas1$ of Teport As the charity Iruslees you are responsible for the preparation of the account$ in accordance wllh the r8quiremgnts of the Charities Act 20111'lhe Acri. l Teport in respect of my examinalDn of the Charity accounts carried out under section 14S ol the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by ¢hg Charity Commission undgr s8ckn.on 14515llb) of the 2011 Act. Independent Examlngrfs Statement I have completed my examination. I confirm that no maleiial mallers have come to my attenllon in connection with the examination giving me ¢ause to believe that in any material respect: l accounting records were not kept in respect of the charity as required by section 130 of the Acl-, 2 the accounts do not ?Ord with those records.. or 3 the aceounls (lo nor comply with the applicable requirements concerning the form and'conlenl of the accounts set out in the Charities {AGcounls and Reports) Regulations 2008 other than any requirements Ihal the accounts give a 'lrue and fair. view which is nol a matter conde¥ed as part ol an I have no ¢on¢erns and have come across no other matters in connects'on with the examination lo which attention should be drawn in thi5 report in order to enable a proper undefslanding of the accounts lo be reached. Achllle s Sotiriou CFCA API Partnership Limlted TIA Chandler & Georyes 75 Westow Hill London SE19 1TX Dale..
God's Church of Pea¢e Profit and Logs Account for the year ended 31 December 2022 2022 2021 Note8 Income from Offerings. H31vesls and Oonallons 52,247 44.590 Other income 33,005 48,321 Total Income 85.252 92,911 Expens05 Mi55i0n Donalions Employee costs Premises Gosls Genefal adminlslralive expenses Trovel and subsistence Adverti8Sng. promolion and enlertainment Legal and prolesslcn81 ¢0315 Interest Finance charge¥ Depreciation and108s1lprofill ors $8le Total expended 11,470 25,ISg 25,284 6,983 1,402 575 11,907 8,220 25,113 18,620 4.257 2,442 13.35g 360 21 8.254 80.646 177 7.877 90,837 N•t Id•llcltll8urplu8 10
¢104 Ch¥h of Pu¢• 8alanca She•l Js at 31 OEcernbeT 2021 2022 21 2q21 PSx•&AI••I• 193.444 7tr).00¢ 301.521 70D.Oty) )01.)2? 700. 1.001,322 v•s¥n•ni DebioriandpNp4w 4.lQ5 .105 IOJ.U•l ).•71¥ 20.955 24.1$3 2ty.995 MI.$ 915 Curi•ni¥•blW .715 31716 51.ylo J.iJz 11$ 7.992 •t 1.07%Vi by 1.01•.991 (74.7Ua) N•1 130.4MI 24.153 15.51$) 31.47J 12.2•9 24. 1.07$271 J•.i?J APPRO0)11 F OF THeotsAftDOV TRLIITEU..
God's Church of Peace Notes to the A¢¢ounts for the year ended 31 Docember 2022 1 Accounting pollcles The financial statements lave been prepared in accordance under Ihe Charilies Act 2011 and in accordar¢e wlh the church Accounling Regulalions 2006 and with the Financial Reporting Standard applicable in the United lQngdom and Republ of Ireland IFRS 102). The financial slalemenls indude all transactions. assets and liabiliiies for which the God's Church of Peace is responsible in law. They do rTrol include the account5 01 church groups that owe Iheii affiliation to another bW, nor ihose that are inforrnal gatherings of church membars. Funds Unreslricled funds are general funds whh can be used for Gcrfl's Churth of Peace ordinary purposes. Reslrthd funds are to be used solely lo redemptKin of mort9age. Incoming Resources Planne(1 giving. collections and donalions are recognised when retsived. Interest is accrued and all other income is reeognised gross when it i% receivable. Gift aKI tax refurtds are recogni5ed when the incoming resour to Wh W relate is received and claims are appropriately approved by HM Revenue and Customs. Resources expended Oonalions are accounted for i¥hen paNI over. All other expendilure is generalty recognked when il Is incurred and is accounted for gross. All administration costs are deemed to support church aclivilie5. Depreelation Oeprecialion has been provided al the folky*bng rates in order to vrrite off the assets over their estimated useful lives. Plant and machin Motor vehicles Freehold property 25% Reducing balan 25% Reducing balance 2% SlfaNJht line 2 Staff Costs 2022 2021 Wages and salaries Employee costs- Staff training and welfare Empbyee Costs- Pensions 24.981 65 113 25.159 25.000 113 25.113 12
God's Church of Peace Notes to the A¢counts lor the year ended 31 December 2022 3 Tanglblt flxed a$gets Plant and rna¢hlnery Motor vohlcl Freehold Property Totsl Cost At 1 January 2022 Al 31 December 2w22 29.470 29.470 28.721 28.721 337.265 337,265 395,456 395.456 Depr•clatlon Al 1 January 2022 Charge lor the year Al 31 Dgcember 2022 26.192 820 27,470 313 27.783 40.472 6.745 47,217 94.134 7,878 102,012 N•t book value At 310ecember 2022 At 31 Dec8mber 2021 2.458 3.278 938 1.251 29D.048 296.793 293.444 301,322 The lieehold propety relates to the Church 12 . 6 Manor Grv4e, London. SE15 ISXI. 2022 4 Debtors 2021 Qihei 08blors 4.268 4,268 4.105 4,105 S Llabilitlos: Amounts falllng du• wlthln on• y••r 2022 2021 Tradg creditors & accwals Other liabilities 19 194 32.7L16 17.166 3.932 51,980 21,098 13
God's ChurGh of Peace Notes to the Accounts for the year ended 31 December 2022 6 Other fixed assets 2022 2021 Investment property Fair value movement on inve51menl propety- Bd 182.685 517.315 182,685 517,315 7t.000 700.000 The freehold property relates to 8 Manor Grove, London, SE15 1SX. 7 Loans due after more than 1 year 2022 2021 Mrs M Owusu Yaw Mr V K Aning Mr S Oppong 2,293 2,370 2,625 7.288 2,563 2.370 2.625 7,S58 14
God's Church of Peace Notes to the Accounts for the year ended 31 December 2022 8 Profit and 105s account anplyEis 2022 2021 Ineome unres1cttrd Oflerings, Hwvesls ¥rKI Oonalitins Ea81 years gill aid 52.247 44,49B 92 44,590 52,247 Otr incomelprofits Intere51 receIvae Other income Rentsl income 13.958 34.361 33,th)0 33.IJ05 Employee Costs Wage5 and salaries Pensions Staff tra¢nin9 and welfare 24.981 113 65 25.159 2S.000 113 25.133 Premis95 cosIS Rates Light and heal Repairs & Maintenance Insurance Cleaning and wettafe 467 6,692 14.304 3,821 745 5,217 8.531 3,422 705 18,620 25.284 General adminis¢rative expenses Telephone and fax Slalionery. printing and posiage Subscrfpllons Canteen expenses Harvest organi5ation ¢asl 1.010 100 785 1.140 3,948 1.455 1,362 1,440 Trav¥1 and subslstence Travel and subsistence 1.402 2.442 Advertising, promotion and èntertalnm•nt Advertin9 and PR 575 L¢gal and profèsslonal ¢osts Accourilanls fees Other legal and professional Management lees 4.440 1.527 S,940 4,620 2.662 6.077 13.359 Intèrest Mortgage Inte$1 360 Other finance charges 8wik ¢118rges 177 21 O•pr•eiation and lossllprofitl on sale Depreciation 7.677 8,2541 15