## **Trustees’ Annual Report for the period** **From 1[st] January 2021 To 31[st] December 2021** ## **Charity name: CENTRAL TRUST** ## **Charity registration number: 1103327** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|THE ADVANCEMENT OF THE CHRISTIAN FAITH IN
PARTICULAR BUT NOT EXCLUSIVELY THROUGH
THE PROVISION OF A LOCAL CHURCH TO
ADVANCE OR PROMOTE THE CHRISTIAN FAITH
IN ACCORDANCE WITH PRINCIPLES OR
DOCTRINES OF BELIEF| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|IN-DOOR CRUSADES
LEADERSHIP TRAINING PROGRAMMES
DISCIPLESHIP TRAINING PROGRAMMES
PICNICS
YOUTH CAMPS| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|THE TRUST CONFIRMS THE TRUSTEES
HAVE HAD REGARDS TO THE GUIDANCE
ISSUED BY THE CHARITY COMMISSION
ON PUBLIC BENEFIT| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity does involve the community to
create meaningful relationships between the
church and the local community. Also
engaging the communities, its branches
created a sense of belonging, enhancing
physical and emotional health and wellbeing.
In this direction we are happy to forge local
community partnerships providing young and
elder people with places to go and activities
to do and community activities that bring
people together. The church's youth
department has an annual love indeed
project, where they create care packages
and present them to street homeless people
during the cold winter months. We also
have the annual careers fair, where experts
in their industry meet with our young people
to help guide them in their career choices.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|THE CHARITY’S POLICY IS TO RESERVE SURPLUS
FUNDS TO ENABLE IT TO ACQUIRE A FREEHOLD
BUILDING WHICH WILL BE USED FOR ITS
NORMAL CHURCH ACTIVITIES AND SUPPORTING
ITS BRANCHES| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|TRUST DEED| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|TRUST| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|APPOINTMENT| **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|CENTRAL TRUST| |---|---| |Other name the charity uses|KINGS TEMPLE, KHARIS FAMILY TEMPLE, YESHUA’S
TEMPLE, FAITH TEMPLE, WISDOM LIFE TEMPLE, ROYAL
LIFE TEMPLE, GREATER GRACE TEMPLE, THE
REVELATION TEMPLE, SALVATION TEMPLE, POTTER’S
TEMPLE.| |Registered charity number|1103327| Charity’s principal address SUITE 7&8 CLARENDEM HOUSE 117 GEORGE LANE SOUTH WOOFORD LONDON E18 1AN ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||REV EDWIN
OBENG-DONKOR|||| ||REV SAMUEL
OHENE-APRAKU|||| ||THEO ODAMTTEN|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||REV EDWIN OBENG-DONKOR|THEO ODAMTTEN| ||
TRUSTEE|TRUSTEE| ||28 OCTOBER 2022|| ||28 OCTOBER 2022|| Charlty R•gl•tratlon No. 1103327 CENTRAL TRUST ANNUALACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 CENTRAL TRUST LEGAL AND ADMINISTRATIVE INFORMATION Charlty numbgr 1103327 Trusts0• S Ohen&Apraku T Odamtten E Obeng-Donkor Prfnclpal addro 117 George Lana London E18 1AN Indepondont oxamlngr JF Fr8nd8 Ltd Franas Hous8 2 Park Road Bamet Hertfordshire EN5 5RN CENTRAL TRUST CONTENTS Pag• Statement of financial activibes Ststsmont offinanti81 posiu Notgs to th8 flnanclal statamonts CENTRAL TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Unre8trlctsd Unrn8trl¢tod fund• fund8 2021 2020 Not Incomé and ondowmènts from: Donations 8nd legacles Investmgnts Other income 488.738 53 4.333 619,949 541 Total In¢orn• 493,124 620.49) dltur• on. Ralslng fund8 18,009 16.937 Charitsble actlvities 392.449 391.661 Total expondltur• 410.4S8 408.598 Nèt Income lor tho yearl Ngt movamant In fund• 82.666 211,892 Fund balances at 1 January 2021 1.013.195 801.304 Fund balanc0• at 31 D•c•mbor 2021 1.095.861 1,013,196 The statement of flnanclal acUv￿a9 Includes 811 goln$ and tOSSgs rgcognlsed In th8 yaar. All Incom8 arKI 8xpendtiure d8th from o)nWnulng actlvlU8s. CENTRAL TRUST STATEMENT OF FINANCIAL POSITION AS AT31 DECEMBER 2021 2021 2020 Flx•d a4$0t• Tangiblg assets 93.881 50.930 Curront assats Debtors Cash at bank and In hand 167.950 859.231 195.890 781,346 1.027.181 977,236 Crodltorn: amounts falllng dug wlthln on• y•ar 125.201) 114.970) Nel current as39ts 1.￿1.980 962.266 Total a88•ts l•J8 ¢urr•nt Ilablllt 1.095.861 1,013,196 InMm• funds Unrostrided fiJndB 1,095,861 1,013,196 1,095.861 1.013,196 The financial statements wer8 approved by Ihe on ......................... E Ob•ng4>onkor Tru•to0 T Od•mtl•n Trust CENTRAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 A¢¢ountlng pollcl•8 1.1 A￿OUntIng conventlon The finandal ststgmgnts hav8 b8on prepared in aC￿rdanCe with the 's Igoverning documenll. thg Charities Act 2011. FRS 102 Yhe Finanrial Reporbng Standard applicable in the UK and RepubliG of Ireland" {'FRS 102.1 and th9 Charitios SORP "Accounting and RePo￿n9 by Charitiès.. Ststem8nl of Rècomm9nd9d Practlc applicable lo charities preparing their accounts in accordance thg Finanaal Roptsrting Standard 8pplic8b19 In the UK and Republic of Ireland IFRS 102)" leffectsve 1 January 20191. Th8 is a Public 8gnefit Entity as defined by FRS 102. Th8 has taken advantage of the provisions in tho SORP for charities not to prepare a Statement of Ca8h Flows. The finand81 statam8nts hav8 d8P8rted from the Charities (Accounts and Rep￿ts} Regu18tion5 2008 only lo the extent required lo provide a true and fair viow. This departure has involved following the Staloment of Recommended PrAetiee for charities applying FRS 102 rather than the version of the Ststement of Recomm8nded Pr8Gti¢e whiL* is referred to In the Regulations bul whith has sinGe ljeen wlthdr8wn. The finan￿al stslgmgnts are prepared in slerting, which 1$ the fvnction81 currency of . Monelary 8mounts In these finar￿181 stslements 8re rounded to the nearest £. The financi81 ststements have been prepared under the historical cost convontion. Im¢xlified lo indude the revaluation of froghold proparties and to indude investment properknes and rartain finanryal instwments ot lalr valuel. The printsp81 accounting poliues adopted are set out below. 1.2 Golng concem Al the time of appro￿n9 the flnandal slatements. the have 8 reasonable expectauon that the has adequote resourcgs lo continue in operational 8￿$1¢n¢• for thè for8seeabla futyra. Thus th8 Con￿nUe to adopt the golng concam b8818 of ac£ountIng In pr8parfng the finandal stslemants. 1.3 Charltabltr fund• Unrgstrict8d lunds aro available for use at tho disc¥etion of the in fiJrther8nce of their charitable objeciives. Restricted fijnds are subject to specific eondiiions by donors 8S to how they may be used. The purp0888 and LFS8S of the restrtctsd fiJnds ara set out In the notes to the flnandal ststemonts. Endowmgnt fiJnd$ afe 8ubl8ct to speufiG ¢￿ditionS by donors that the capitsl musl be maintalnod by the . 1A In¢om• In￿me is rery)gnlsgd when the is legally eritiued to il aftèr any ￿rfornianC8 condltions have bèen met, the amounts can b8 m8a5ur8d rell8bly, and It Is probable that Income YAII ba recefved. Cash donaUon8 are recognlséd on re(*lpt. Other don9￿￿n$ are recc*3nised once th& has been notsfied of the donatlon, unless performance conditions require deferral of the amounL Income tax recoverable in relation to donetlons received under GWtAd or dèeds of rJ)venant is rec¥)gnlsed ot the time of the donation. Leg8cteS are rec>)gnlsed on roc8ipt or othemse rf thg ha¥ b8èn notrfied of an impending dlstributlon, tho •mount18 kmwn, and r8calpt is expgrtgd. If tha amount 18 not known, tho 1fjga￿ Is tr88t8d a5 a COn￿ngent asset. CENTRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 1.5 Exp•ndltur• Expenditure Is recognised once thero is a legal or constructive obligation lo transfer ecJ)nomic benefit to a thlrd party, il is probablg that a transfer of ewnomic benofits wll be rgqulrod in setUgmonL and th& amount of the obligation can measured Teliabty. Expenditure 15 dassified by actsvity. Th8 (yjsts of each aCtI￿ty are made up of thg total of dirgct costs and shared costs, induding $upport Costs involved in Underta￿n9 each activity. Direct costs attributablg lo a singlo activity are allorated diredy lo that activty. Shared ￿sts which contributè lo more than one activity and support costs which 8r6 not attributable to a single actiwty are apportioned b8tween those activitios on a basis conslslent wlth the use of resources. Central staff costs are allocated on the basls of time spent. and depreciabon ch8rggS org allo¢aigd on the portion of the asset's use. Expendlture Lq recognS$6d on #n 8ccnJal b8SIS 8S 8 Ilability is In¢)Jrred. Exp6nOltrJre Indudas any VAT whlch cannot bg fvlty rècovèT8d, and Is r8POrted as part of tho expendlture lo whlch It relatss: Costs of generating funds rx)mprise the c*>8ts assooated wrth attracting voluntary In(>Jme and the Ly)st8 of tradlng for fundr8151ng purp*J56S. Charitablg expgnditure comprises those o)sts incaJrreLI by the charity in the dglivery of its actNities and 98rwc8s for its ben8fldar588. 11 indudes both cx)sts Ihat Gan be altocated direw to suth actsvities and those ¢xJsts of an Indirect nature necess8ry to support them. GovemanGg o)sts indude those c06ts 8SSOQ8ted wlth meeting tho 0)nstltylonal and ststutory requirements of the challty and Include the audit fees and o)sts linked lo the strategic management of the charity. Al costs are allocated between the e4)ènditure categories of the SOFA on a basis deslgned to reflect the usa of the rgsource. Costs rdating to a p8rt1cular ac*vity are alkxated dlrecty. others arg appordonad on an appropriate basls. 1.6 T•nglbl8 flx•d as80ts T8ngible fixed 8ss8ts are Initl81ty measurad 8t u)st and subsequenty measured at c%)sl or valuation. net of depreclalon and any Impainnent1058e8. Depredation Is recognlsed so 8s lo write off the cxjst or v8lu8tion of assets thelr resldual values over their ugefijl lives on thg following b88es: Fi¥iure¥ and fittlngs Computers Motor vehicles 3 years straight line 25% redudng balance 25% redu¢2ng balance Th8 galn or loss artslng on the dlsFosg1 of an asset Is delarmlned 86 the dlffar8nc6 b8tsY88n tha $818 proceads and the carrySng valug of tha ass8L and is recognlsed in the statement of finandal activi￿es. 1.7 Impalment of flxed as•ots At each r8POrting end d818, the rwews the (xnwng amounts of Fts tanglble assets to delernilne whether ther¢ is any indic£tlon th81 those assets have suffered an imp8imenl loss. If any such in¢Jic8tion 8xSsts, tho coverable amount of the asset is estimated in order to determine the extent of the impairnent loss Irf any). 1.8 Catyh and calh oqutvalonts Cash and cash equivalents indud8 cash In hand. deposlts hold at call wlth banks, other short-18mi Ilquld Investments with origin81 maturib8s of Ihr99 months or les5, and bank overdr8fts. B8nk overdrafts aro shown wlthSn borrowlngs in current liabllthe5. CENTRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 1.9 Flnanclal Sn•trum•nts The has electod to apply tha prowsions of Section 11 '885ic FinancAal Instruments. and Sectton 12 '0ther Financial Instrumgnts Issu88' of FRS 102 to all of its financ4al instruments. Flnanc181 In8truments are recognls•J In Iho * balanGg $hggt when th6 becom￿ paty to thg (x)ntractual provlslons of the inslrumenl. FlnancAal assets arKI liabiliknes are offseL with the nel amounts presented In the final￿81 statements, when ther8 is 8 legalty enforceable right to set off th8 recognised amounts and thorn is afi Intgntlon to settlg on a net basls or to 1galis8 the asso1 and sewe Ihe liability simuhaneou51y. Baslc flnan¢lal ass•ts Basic financi81 888ets, whlch indude debtor5 and ¢2sh and bank b818nces. are init181ty measured at transaction price Sncluding tran￿CtiOn eosts and are subsequenuy carried at amorbsed cog1 usino th8 effectNe inter931 meth¢xt unless the 8rrangemenl constttutes a finanong transaction. %thgrg thg transactlon Is measured al the present value of the fvture receipts discounted at a market rale of interest. Financial assets da55ified as recelvable wthln ong year are not amottsed. 8a31¢ fln•ncl•l IIJbllltl•s Basic fin8ncial Ilabil￿es. Induding creditors and bank loans ar8 inibalty r8coJnised at trydnsaction pdce unless the 8rr8ngernent cx)nslllul0$ 8 1Sn8ndng tr8nsacUM. whera the debt Instrum8nt Is measured at tho present value of the fvturg paymgnts discountsd at a markel rate of intgresL Finanrial liabilities dassffiod as payable wlthln one y98r ar8 r￿t 8mortJsed. Debt Instrtsm6nts are subsequgnuy wrfed at aM0￿86d co8L uslng the affe¢Uve Inlerosl rate method. Trade credllors aro obllgauons lo pay for goods or s8rvlc8s that hav8 been a¢4ulred In tha ordlnary ￿ul58 of operations from suppliets. Amounts payable are dassrfied a5 current Ihqbilits88 If payment18 due ¥￿thIn one year or less. If not, they are presentsd as nO￿•￿rrent liabilities. Trdd8 credltors aro re￿gniSed Inllially at tr8nsaction prtL* and subsoquenuy measured at aM￿￿j t>)st uslng the effective interest mgthLbJ. Derwnftlon of Ilnancl•l Il•bllhl88 Financial liabilitlas are dare0￿nIsed when tha 's contracbjal obllgation8 exgire or are discharggd or cancellgd. 1.10 Employee beneflts The cost of any unused holldey entiuemtsnl is fwnlsed in the period In whlch thg employee's s8rvlces ar8 recelved. Termination benefits arn rgcognised immediately as an expense when the Is dem￿strablY c<>mmitted to 18minale th8 employ￿nI of an employ88 or to Pro￿de terniinatlw bengfits. 1.11 Retlrgm•nt b•n•fits Payments to d6fin¢d ¢on1dbul￿)n retlrement b8nèfit schem8S 8re tharged as an oxpgnso a5 thgy fall dug. CENTRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Crftlcal accountlng •8tlm•te• and ludgomonts In the 8ppIic8tton of the 's accounllng ￿)lica&s, th8 arn r8quir6d to makg judgemonts, estimat8s and assumpuons atoul th8 carylng amounl of assets and Ilablllues that are not roadlly appargnt from other Sources. The esllmales and assoaated assumptions are based on historic*1 experience and other factorn that are consldared to ba r818vant. Aclual r88ulls may dMf8rfrom thase e$lmat8s. Tho esumatgs and Underf￿ng a5sumplons are ravlBw8d on an ongolng basls. Ra￿SlOn8 to 8ccounllng gstirnates are recognised in the period in which the estimate is revi$ed where th8 rgvi5i0n affects only that riod. or In the pèriod of the r6wsion and fubjre pèriods where th8 rewsion affects both currgnl and fvlure p8rlods. There are no ￿gnIfiCantludgornonts or estimates invofved in preparation of the finanaal statements. InvoJtmonts unMtrlCt￿ Unre$triGted fund• funds 2021 2020 Interest re¢eiv8ble 53 541 Tanglbh fixed Mlets FlxlurnB•nd C<>mpul•rnMotor v•hlcl•• ffttlng¥ Total G￿t At 1 January2021 AddltEons 189.611 19.754 38,756 8,677 228.367 65,828 39,397 Al 31 Dgcembor 2021 45.433 39.397 294,195 D0pr•¢latlon and Impalrm•nt At 1 Janu8ry 2021 D8preclallon charged in tho year 142.581 16,545 38.756 597 181.337 18,977 1.835 At 31 December 2021 159,126 39,353 1,835 200,314 Carrylng amount At 31 Do¢omber 2021 50.239 8,080 37.562 93.881 At 31 De¢amb8r 2020 47,030 3.900 50.930 CENTRAL TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 D•btor• 2021 2020 Amounts falllng du• wlthln on& y•ar. Other debtors Prepayments and aC￿lad Incom8 165.968 1.982 191,346 167.950 195.890 Credftorn: amounts falllng du• wlthln on• y•ar 2021 2020 other taxatton and soc4al So￿￿ty Trade cr6dito A£cruals and deferred income 11.724 5.377 8,100 6,782 2.878 5.310 25,201 14.970 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlnerfs Report RÈport to the trusteesl members of CENTRAL TRUST On accounts for the year ended 31 DECEMBER 2021 Charity no lif any) 1103327 Set out on pages 1-50 I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 3111212021. Responslbllltles and basis of report As the charity's trustees, you are responsible for the preparation of the accounls in accordance with Ihe requirements of the Charities Act 2011 (Yhe Acr) I report in resped of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under sedion 145{5}{b) of Ihe Act. Independent IThe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert name of applicable listed bodyll Delete I l rfnot applicablè. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below") which gives me cause to believe that in. any malerial resped.. the accounting records were not kept in accordan￿ with section 130 of the CharfLies Act.. or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fair, view which is not a matter considered as part of an independent examinalion. I have no concems 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 accounts to be reached. Ple se delete the words in the brackets rfthey do not apply. Signed: Date: 28 OCTOBER 2022 Name: FRANK YIALLOURIS FCCA Relevant professional qualification(s) or body CHARTERED ASSOCIATION FO CERTIFIED ACCOUNTANTS IER Oct 2018 (If any): Address: FRANCIS HOUSE 2 PARK ROAD BARNET, HERTS. EN5 5RN Section B Disclosure Only complete if the examiner needs to highlight malefial matters of concern (see CC32, Independent examination of charity accounts." directions and guidance for examiners). Give here brief details of any items that the examiner wishes lo disclose. IER Oct 2018