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|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Report ofthe Trustees|2|to|3|
|Independent<br>Examiner's<br>Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
|Detailed Statement ofFinancial Activities|13|to|14|





|TRUSTEES|Revd. Seth Mensah|||
|---|---|---|---|
||Alex Teinor|||
||Nana Marfo Bonsu|||
||Kwabena 0Bonsu|||
||Mrs Felicia Damoah (Resigned|on 7/01/2023)||
||Ms Emelia Otuo-Acheampong|(Appointed|on 7/01/2023)|
|PRINCIPAL ADDRESS|171 Hertford Road|||
||Edmonton|||
||London|||
||N9 7EP|||
|REGISTERED CHARITY|1067726|||
|NUMBER||||
|INDEPENDENT EXAMINER|Frank Jay &Co|||
||Chartered<br>Certified Accountants|||
||89A Kingsland<br>High Street|||
||Dalston|||
||London|||
||ES2PB|||





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|||for th|e<br>ear ended 31 Decembe|r 2022||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
|||||Unrestricted|Total|
|||||funds|funds|
||||Notes|||
|INCOME|AND ENDOWMENTS FROM|||||
|Donations|and legacies|||370,468|367,421|
|Investment|income|||1,742|1,511|
|Total||||~372<br>10|368932|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Cost ofchurch activities and ministries||||246,956|193,781|
|Support costs||||2,875|5,055|
|Governance|costs|||56,236|54,498|
|Total||||306067|253,334|
|NET INCOME||||66,143|115,598|
|RECONCILIATION OF FUNDS||||||
|Total funds|brought|forward||1,741,917|1,626,319|
|TOTAL FUNDS CARRIED FORWARD||||1,808,060|1 741917|





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||Balance Sheet<br>31December 2022|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||Unrestricted|Total|
|||funds|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets||1,388,155|1,396,915|
|CURRENT ASSETS||||
|Debtors|10|15,624|63,232|
|Cash at bank and in hand||412,106|338032|
|||427,730|401,264|
|CREDITORS||||
|Amounts<br>falling due within one year||(7,825)|(6,262)|
|NET CURRENT ASSETS||419,903|396002|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||1,808,060|1,791,917|
|CREDITORS||||
|Amounts<br>falling due after more than one year|12||(50,000)|
|NET ASSETS||1 808,060|1,741917|
|FUNDS|14|||
|Unrestricted<br>funds:||||
|General fund||1 808 060|1 741 917|
|TOTAL FUNDS||1,808,060|1 741 917|





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|2.|DONATIONS|AND LEGACIES||||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
||Offerings|||12,695|13,014|
||Donations<br>and tithes|||110,155|131,372|
||Giit aid|||55,183|52,849|
||Harlow branch income|||31,585|29,120|
||Northampton|branch income||20,261|22,733|
||Luton branch|income||140,589|118333|
|||||370468|367,421|
|3.|INVESTMENT INCOME|||||
|||||31.12.22|31.12.21|
||Rents received|||1,500|1,500|
||Deposit account interest|||242|11|
|||||~1742||
|4.|CHARITABLE ACTIVITIES COSTS|||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 5)|Totals|
||Cost ofchurch|activities and ministries|246,956||246,956|
||Support costs|||2,875|2,875|
||Governance<br>costs|||56236|56236|
||||246,956|59III|306,067|
|5.|SUPPORT COSTS|||||
|||||Governance||
||||Finance|costs|Totals|
||Support costs||2,875||2,875|
||Governance<br>costs|||56,236|56,236|
||||2,875|56,236|~59 111|





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||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
|Pastoral|||||3|4|
|No employees<br>received|||emoluments|in excess off60,000.|||
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
|||||||Unrestricted|
|||||||funds|
|INCOME AND ENDOWMENTS||||FROM|||
|Donations<br>and legacies||||||367,421|
|Investment<br>income||||||1 311|
|Total||||||368932|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Costofchurch activities|||and ministries|||193,781|
|Support costs||||||5,055|
|Governance<br>costs||||||34498|
|Total||||||253,334|
|NET INCOME||||||115,598|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought|forward|||||1,626,319|
|TOTAL FUNDS CARRIED FORWARD||||||1,741 917|





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||for the<br>e|ar ended 31Decem|ber 2022|||
|---|---|---|---|---|---|
|9.|TANGIBLE FIXEDASSETS|||||
|||Freehold|Plant and|Motor||
|||property|machinery|vehicles|Totals|
||COST|||||
||At<br>1 January 2022|1,471,791|193,363|21,050|1,686,204|
||Additions||8,501||8,501|
||At 31 December 2022|1,471,791|201 864|21,050|1 694,705|
||DEPRECIATION|||||
||At 1 January 2022|101,069|167,170|21,050|289,289|
||Charge for year|8 343|8,918||17261|
||At 31 December 2022|109,412|176,088|21 050|306,550|
||NET BOOK VALUE|||||
||At 31 December 2022|1,362,379|25 776||1,388,155|
||At 31 December 2021|1,370722|26 193|-|1,396915|
|10.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.12.22|31.12.21|
||Members soft loans|||1,800|50,000|
||Accrued income|||1,500|1,500|
||Prepayments|||~12324|11,732|
|||||15,624|63,232|
|11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.12.22|31.12.21|
||Trade creditors|||6,555|5,302|
||Taxation and social security|||470|160|
||Other creditors|||800|800|
|||||~7825|6+62|





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|||||for the<br>ear ended 31Decembe|for the<br>ear ended 31Decembe|r 2022|||
|---|---|---|---|---|---|---|---|---|
|12.|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE||THAN ONE|YEAR||
||||||||31.12.22|31.12.21|
||Bank loans (see note||13)|||||50,000|
|13.|LOANS||||||||
||An analysis ofthe maturity ofloans is given below;||||||||
||||||||31.12.22|31.12.21|
||Amounts<br>falling due||in more|than|five years:||||
||Repayable<br>otherwise||than by|instalments:|||||
||Bank loans more 5 yrs non-inst|||||||50,000|
|14.|MOVEMENT<br>IN FUNDS||||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.22|in funds|31.12.22|
||Unrestricted|funds|||||||
||General<br>fund|||||1,741,917|66,143|1,808,060|
||TOTAL FUNDS|||||1 741 917|66,143|1,808,060|
||Net movement|in funds, included|||in the above are as follows:||||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||f,|||
||Unrestricted|funds|||||||
||General<br>fund|||||372,210|(306,067)|66,143|
||TOTALFUNDS|||||372,210|i306,067)|66,143|
||Comparatives|for movement||in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.21|in funds|31.12.21|
||||||||f,||
||Unrestricted|funds|||||||
||General<br>fund|||||1,626,319|115,598|1,741,917|
||TOTAL FUNDS|||||1,626,319|115598|1 741917|





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||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||368,932|(2S3,334)|115,598|
|TOTAL|FUNDS||368,932|L253 334)|115,598|



||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds<br>f|31.12.22|
|Unrestricted|funds||||
|General fund||1,626,319|181,741|1,808,060|
|TOTAL FUNDS||1,626,319|181,741|1,808,060|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||741,142|(559,401)|181,74]|
|TOTAL FUNDS||741,142|~559,401)|181,741|



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|for the<br>ear ended 31|December 2022||
|---|---|---|
||31.12.22|31.12.21|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Offerings|12,695|13,014|
|Donations<br>and tithes|110,155|131,372|
|Gift aid|55,183|52,849|
|Harlow branch income|31,585|29,120|
|Northampton<br>branch income|20,261|22,733|
|Luton branch income|140,589|118333|
||370,468|367,421|
|Investment<br>income|||
|Rents received|1,500|1,500|
|Deposit account interest|242|11|
||1,742|1 511|
|Total incoming<br>resources|372,210|368,932|
|EXPENDITURE|||
|Charitable<br>activities|||
|Security costs|480|925|
|Repairs and maintenance|6,773|1,916|
|Rates and water|2,436|1,889|
|Insurance|1,781|1,795|
|Light and heat|3323|5,114|
|Telephone|2,354|2,448|
|Postage and stationery|1,835|1,391|
|Donation<br>and welfare|21,400|19,265|
|Cleaning<br>and decoration|1,003|1,159|
|Children's<br>and Youth ministry|2,632|1,428|
|Ghana branch costs|21,399|18,363|
|Harlow branch costs|30,930|20,770|
|Luton branch costs|77,118|57,491|
|Ministry<br>and outreach|28,491|23,775|
|Northampton<br>branch costs|20,100|16,636|
|Women's<br>ministry<br>costs|1,950||
|Equipment<br>expensed|5,690|1,010|
|Depreciation oftangible fixed assets|17261|18,005|
||246,956|193,380|
|Support costs|||
|Finance|||
|Bank charges|2,875|2,489|
|Bank loan interest||2566|
||2,875|5,055|





|ational C|harismatic<br>Church<br>House of r|
|---|---|
|Detailed|Statement ofFinancial Activities|
|for the|ear ended 31December 2022|



|Finance|||
|---|---|---|
|Governance|costs||
|Wages|||
|Pensions|||
|Examiner's|fee||
|legal and professional||fee|
|Total resources expended|||
|Net income|||



|31.12.22|31.12.21|
|---|---|
|54,713|53,304|
|1,123|795|
|400|400|
||400|
|56 236|54,899|
|306,067|253,334|
|66 143|115598|