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||Page|Page|Page||
|---|---|---|---|---|
|Reference and administrative
details|||||
|Report ofthe trustees|2|to|13||
|Report ofthe independent
auditors|14|to||17|
|Statement offinancial activities|18||to|19|
|Statement offinancial position|20||to 21||
|Statement ofcash flows
and notes|22||to 25||
|Notes to the flinancial statements|26|to|42||
|Detailed statement offinancial activities|43|to|44||
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|The aggregate
amo|unt paid to key man|agement
personn|el
during the|year is|detailed below;||
|---|---|---|---|---|---|---|
|Name|Position|~Sala|~Eh|P|2022|2021|
|Rev EDonkor
Rev0Afriyie|National
Head
National
Head|645,030
f35,109|f,5,190
64,710||f50,220
839,819|f32,778
f51,591|
|Rev J Sam
Rev G Korankye|Area Head
Area Head|f25,777
f44,302|f9,386
f5,466||f35,163
f49,768|f41,266
847,421|
|Rev EDanso
Rev K F- Boadu
Rev EYAppiah
Rev M Tedeku|District Pastor
National Sec
Area Head
Area Head|638,380
&l2,502
$35,902
f39,652|85,190
84,286
f5,286
f5,466||f43,570
f46,788
f41,188
f45,118|f41,119
f38,046
f38,946
f42,021|
|Rev A Arthur|Area Head'|440 380|g5 190||f45 570|&10819|
|||8347034|850 170||X~397 20'|6~3740 7|
|Name|Position||2022|2021|
|---|---|---|---|---|
|Rev0Airiyie|National|Head|f604|f5,660|
|Rev K F- Boadu|National|Sec|f165||
|Rev EYAppiah|Area Head||E!35||
|Rev EDanso|District|Pastor||665|
|Rev EDonkor|BCC Principal|||f54|
|Rev JSam|Area Head|||6100|
|Elder JAdomako|National|Deacon|K1 405||
||||K2 309|f5 879|
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2a|7,504,418|832,288|8,336,706|6,619,843|
|Charitable|activities|||||||
|Church|||4a|59,334||59,334|70,167|
|BCC|||4a|375,813||375,813|287,835|
|Investment|income||3|4122||4 122|229|
|Total||||7,943 687|832 2II8|8,773 973|6,978,674|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Church||||6,757,103|17,000|6,774, 103|4,676,706|
|Support cost||||191,964||191,964|144,725|
|Governance||||72,180||72,180|90,298|
|BCC||||661,789||661,789|394,186|
|Total||||7,683,036|17,000|7,700,036|5,305,915|
|NET INCOME||||260,651|815,288|1,075,939|1,672,159|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||15,174,872|2,508,602|17,683,474|16,011,315|
|TOTAL FUNDS CARRIED FORWARD||||15,435,523|3,323,890|18,759,413|17,683,474|
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes||8|||
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2c|7,501,252|682,288|8,183,540|6,620,368|
|Charitable|activities||4|||||
|Church|||4b|59,334||59,334|70,167|
|Investment|income||3|4,122||4,122|229|
|Total||||7364708|682288|8246996|6690764|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Church||||7,347,336|17,000|7,364,336|4,954,899|
|Support Cost||||289,915||289,915|193,508|
|Governance||||72,180||72,180|90,298|
|Total||||7,709,431|17,000|7,726,431|5,238,705|
|NET INCOME||||(144,723)|665,288|520,565|1,452,059|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||14,572,943|1,643,973|16,216,916|14,764,857|
|TOTAL FUNDS CARRIED FORWARD||||14428220|2 309 261|16737481|16216916|
|CON|L||ATE|F||CIAL|ON||
|---|---|---|---|---|---|---|---|---|
|||P~gggMtut|||2(g2||||
||||||||2022|2021|
||||Notes||||8|8|
|FIXEDASSETS|||||||||
|Tangible assets|||1la||||18,767,036|17,140,526|
|CURRENT ASSETS|||||||||
|Debtors|||12a||||994,294|606,595|
|Cash at bask|||||||~344
305|~3699470|
||||||||4,442,599|4,306,065|
|CREDITORS|||||||||
|Amounts
falling due within one year|||13||||(684,508)|(576,703)|
|NET CURRENT ASSETS|||||||3758091|~3729362|
|TOTAL ASSETSLESSCURRENT|||||||||
|I IABILITIES|||||||22,525,127|20,869,888|
|CREDITORS|||||||||
|Amounts
falliog due after more than one||year|15||||(3,765,714)|(3,186,414)|
|NET ASSETS|||||||~18 759413|~17 683,474|
|FUNDS|||17||||||
|Unrestricted
funds|||||||15,435,523|15,174,872|
|Restricted funds|||||||~3323890|~2508 602|
|TOTAL FUNDS|||||||~tg 759413|~17683 474|
##
|||Notes|2022
f|2021
f|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tang tl&le assets||11(b)|16,796,556|15,760,$23|
|CURRENT ASSETS|||||
|Debtors||12(b)|894,866|518,739|
|Cash at bank|||~343
109|~3668 102|
||||4,326,975|4,186,841|
|CREDITORS|||||
|Amounts
falling due within|one year|13(b)|(620,336)|(544,334)|
|NET CURRENT ASSETS|||3706639|~3642 507|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||20,503,195|19,403,330|
|CREDITORS|||||
|Amounts
falling due ager more than one year||14|(3,765,714)|(3,186,414)|
|NET ASSETS|||16737481|~16216916|
|FUNDS||17|||
|Unrestricted
funds:|||||
|General fund|||14,428,220|14,572943|
|Restricted funds:|||||
|Charitable
activities|||~209261|~1643.973|
|TOTAL FUNDS|||~16737481|~16 16916|
##
|||FORTHE|YEAR ENDED 3|1STDECEMBER 2022||
|---|---|---|---|---|---|
|||||2022|2021|
||||Notes|8|8|
|Cash tlows from operating||activities||||
|Cash generated
from operations|||I|1,677,750|2,161,463|
|Interest paid||||~167,199|~112,795|
|Net cash provided
by operating
activities||||1,510,551|2,048,758|
|Cash flows from investing||activities||||
|Purchase oftangible
fixed|assets|||(2,383,783)|(1,476,122)|
|Sale oftangible fixed assets|||||4,502|
|Interest received|||||229|
|Net cash used in investing|activities|||~279,6617|I 471391|
|Cash flows from financing||activities||||
|New loans in year||||1,083,615||
|Loan repayments
in year
Capital element ofHP rental||||452,734
~12.936|(608,689)
~12116|
|Net cash (used in)/provided||by financing|activities|617945|620 05|
|Change
in cash and cash|equivalents||in|||
|the reporting
period||||(251,165)|(43,438)|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||3 69947D|3,742,908|
|Cash and cash equivalents||at the end|of|||
|the reporting
period||||3,448,305|3,699,470|
##
##
|RECONCILIATIO
ACTIVITIES|N
OF NE|T INCOME TO NKT CASH FLOW|FROM OPERATIN|G|
|---|---|---|---|---|
||||2022|2021|
|||||f.|
|Net income for the|reporting|period (as per the Statement of|||
|financial activities)|||1,075,939|1,672,159|
|Adjustments
for:|||||
|Profit on disposal offixed assets||||(11,248)|
|Depreciation
charges|||835,868|794,450|
|Interest received|||(4,122)|(229)|
|Interest paid|||167,199|112,705|
|Increase in debtors
Increase/(decrease)|in creditors||(387,699)
~9,435|(420,865)
14,491|
|Net sash provided|by operations||1,677,750|2,161,463|
##
##
|ANALYSIS OF CHAN|GES IN NET (DEBT)/FUN|DS|||
|---|---|---|---|---|
|||At 1.1.22|Net change|At31.12.22|
|Net cash|||||
|Cash at bank and in hand||3699470|~257J65|34483D5|
|||3 69947D|~251165|3 448 3D5|
|Debt|||||
|Debts falling due within
Debts falling due after 1|1 year
year|(331,001)
~3186,434|(117,240)
~579 3DD|(448/41)
~3765 71~|
|||~3,577,415|~696,540|~413,955|
|Total||102D55|~947 7D|~765 65D|
|Net change in debt is made|up of:||||
|Net cash inflows from financing|||617,945||
|Non-cash changes New Hire Purchase Contracts|||78 595||
||||696540||
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|f|f|
|Cash flows from operating||activities|||||
|Cash generated
from operations
Interest paid|||(lb)||1,074,578
~)67,)99|1,941,590
~))2,705|
|Net cash provided by operating
activities|||||907,379|1,828,885|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(1,739,581)|(1,280,654)|
|Sale oftangible fixed assets
Interest received|||||~4122|4,502
229|
|Net cash used in investing|activities||||~1735,459)|~l75 923)|
|Cash flows from financing||activities|||||
|New loans in year|||||1,083,615||
|Loan repayments
in year
Capital element ofHP rental|||||(478,592)
~)2,935|(582,831)
~)2,))6|
|Net cash (used in)/provided||by financing||activities|592 087|~594947)|
|Change
in cash and cash|equivalents||in||||
|the reporting
period|||||(235,993)|(41,985)|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||3,668,102|3,710,087|
|Cash nnd cash equivalents||at the end of|||||
|the reporting
period|||||3,432,109|3 668,102|
##
##
|Ib|RECONCILIATIO
ACTIVITIES|N
OF NK|T INCOME TO NET CASH FLOW|FROM OPERATIN|G|
|---|---|---|---|---|---|
|||||2022|2021|
||Net income for the|reporting|period (as per the Statement of|||
||financial
activities)|||520,565|1,452,059|
||Adjustments
for:|||||
||Depreciation
charges|||782,443|755,666|
||Profit on disposal offixed assets||||(11,248)|
||Interest received|||4,122)|(229)|
||Interest paid|||167,199|112,705|
||Increase in debtors
(Decrease)/increase|in creditors||(376,127)
~55,380|(341,505)
~25 830|
||Net cash provided|by operations||1,074 578|1 041 590|
|2b.|ANALYSIS OFCHANGES IN NET (DEBT)/FUNDS|||||
|||||At 1.1.22|Net change|At 31.12.22|
|---|---|---|---|---|---|---|
|Net cash|||||||
|Cash at bank and in|hand|||3 660102|~235,993|3 432 109|
|||||3,668,102|~235,993|3432,1D9|
|Debt|||||||
|Debts falling due within
Debts falling due after 1||1 year
year||(356,859)
~3186414|(91,382)
~579300|(448,241)
~3,765,744|
|||||~3543273|~670602|~4213955|
|Total||||124,829|(906,675)|(781.846)|
|Change in net debt is made up ofthe|||following:||||
|Net cash flows from financing|||||592,087||
|Non cash changes-New|Hire Purchase||Contracts||78 595||
||||||670682||
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|GROUP DONATION|S
AND LEGACIES|||
|---|---|---|---|
|||2022|2021|
|||8|8|
|Tithes and offerings||6,771,605|5,927,236|
|Joint services offering||31,185|58,653|
|Gift aid receivable||400,000|300,000|
|Blankson Foundation|donations|16,529|7,093|
|Youth conference||263,132|296|
|Joint Ministries
offering||35,329|49,780|
|Pension offering||16,293|15,118|
|Building
Fund ofFering||627,089|246,493|
|BCC Offerings||22,377|14,994|
|Donations
received by|BCC|153,167|180|
|||8,336,706|6,619,843|
##
##
|GROUP CLASSIFIC|ATION OF D|ONATIONS
AND L|EGACIES|||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||||8|||
|Tithes and offerings||6,771,605||6,771,605|5,927,236|
|Joint services offering||31,185||31,185|58,653|
|Gilt aid receivable||400,000||400,000|300,000|
|Blankson Foundation|donations||16,529|16,529|7,093|
|Youth conference||263,132||263,132||
|Joint Ministries
offering||35,329||35,329|50,076|
|BCC offerings|||22 377|22,377||
|Donations received by|BCC|3,167|150,000|153,167|15,174|
|Pension offering|||16,293|16,293|15,118|
|Building Fund offering|||~627 089|627,089|~246 493|
|||7,504,418|832,288|8,336,706|6,619,843|
##
##
|2b.
PARENT C|HARITY DONA|TIONS
AND LEGA|CIES|||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|fuads|
||||8|||
|Tithes and offerings||6,771,606||6,771,606|5,927,941|
|Joint services offering||31,185||31,185|58,653|
|Gift aid receivable||400,000||400,000|300,000|
|Blankson Foundation|donations||16,529|16,529|7,093|
|Youth conference offerings||263,132||263,132|296|
|Joint Ministries
offering||35,329||35,329|49,780|
|BCC offerings|||22,377|22,377|14,994|
|Pension offering|||16,293|16,293|15,118|
|Building
Fund offering|||627,089|627,089|246,493|
|||7,501,252|682,288|8,183,540|6,620,368|
##
|INVES|TMENT|INCOME|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||||8|||
|Deposit|account|interest|4,122||4,122|229|
##
|GROUP INCOME F|ROM CHARITABLE ACTIVIT|IES||
|---|---|---|---|
|||2022|2021|
||Activity|8|8|
|Other income|Church|9,588|9,855|
|Rental income|Church|48,647|60,312|
|Other income|BCC|3,680|5,005|
|Rental income|BCC|192,038|95,296|
|Academic income|BCC|181,194|187,534|
|||435 147|~358 002|
##
|PARENT CHARITY INCOME FROM CHA|RITABLE ACTIVITIES||
|---|---|---|
||2022|2021|
|||8|
|Other income|9,588|6,758|
|Rent received|48,647|60,312|
|Audio visual income|1,099|3,097|
||59,334|70,167|
##
##
||||||||Direct|Support &||
|---|---|---|---|---|---|---|---|---|---|
||||||||Costs (see|governance||
||||||||Note 6)|costs (see|Totals|
|||||||||note 7)||
||Church||||||6,774,103||6,774,103|
||Support cost|||||||175,601|175,601|
||Governance|||||||72,180|72,180|
||BCC||||||661,789|16,363|678,152|
||||||||7426 662|264 144|7,700,036|
|6.|GROUP DIRECT COSTSOFCHARITABLE||||||ACTIVITIES|||
|||||||||2022|2021|
|||||||||8|8|
||Staffcosts|||||||1,770,439|1,539,954|
||Church plant &evangelism|||||||278,112|175,563|
||Joint ministries
expenses|||||||45,066|38,354|
||Gifts, welfare &donations|||||||109,664|166,462|
||Premises expenses|||||||675,445|586,598|
||Rent - churches &menses|||||||1,423,765|934,294|
||Motor, travel, subsistence||and accom|||modation||506,185|353,852|
||Volunteer
expenses|||||||24,462|36,516|
||Equipment
maintenance|||||||89,349|72,445|
||Insurance|||||||88,042|77,406|
||Bank charges|||||||32,346|18,924|
||Youth conference|||||||964,849||
||Audio visual expenses|||||||9,419|17,778|
||Souvenirs &calendars|expenses||||||22,494|10,749|
||Blankson Foundation|expenses||||||17,000|10,400|
||General charitable
expenses|||||||5,021|202|
||Gain/(loss)
on disposal||||||||(11,248)|
||Communication
cost|||||||41,064|23,551|
||Freelance consultants|||||||12,347|18,575|
||Validation &accreditation|||fee||||58,119|22,765|
||Subscription
and licences|||||||4,398||
||Bad debts|||||||42,257||
||Library expenses||||||||8,593|
||Advertising
and marketing|||||||(1,006)|9,232|
||Student bursaries,
accommodation||||an|d graduation||59,224|3,500|
||Catering and refreshments|||||||154,764|31,282|
||Depreciation|||||||835,868|794,450|
||Interest payable and similar|||charges||||167,199|112,705|
|||||||||7435892|505 903|
##
##
||||Governance||
|---|---|---|---|---|
|||Other|costs|Totals|
||||8|8|
|Support|cost|175,601||175,601|
|Church|||72,180|72,180|
|BCC||12,263|~4100|16,363|
|||187864|76280|264 144|
|Support|an|d governance
cost|s, included
in t|he above, are as f|ollows:|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||||BCC|Total|Total|
||||Support|Governance|College|activities|activities|
||||8|||||
|Training|expenses||48,483||677|49,160|16,069|
|General|admin expenses||||||2,925|
|Travel and||subsistence|3,181|||3,181|2,253|
|Printing,|postage k|||||||
|telephone|||54,541||10,506|65,047|32,857|
|Telephone||and internet|35,652||35,652|35,652|37,154|
|Soibvare|and website||33,744||33,744|33,744|63,572|
|Audit fees||||33,122|4100|37,222|37,000|
|Trustees|meeting|||2,386||2,386|6,316|
|expenses||||||||
|Compliance||expenses||1,098||1,098|843|
|Legal and professional||||35,574|1 080|36,654|54,023|
||||175,601|72,180|16,363|264,144|253,012|
|PARENT CHARITY'S CHARITA|BLE ACTIVITIES COSTS|||
|---|---|---|---|
||Direct|Support||
||Costs|88 governance||
||(see note 6)|costs||
|||(see note 7)|Totals|
|Church|7,364,336||7,364,336|
|Support Cost||289,915|289,915|
|Governance||72 788|72 788|
||7364336|362095|7726431|
##
##
|ANALYSIS OF PAR||ENT|CHARITY'S DIRECT COSTS OF CHARIT|ABLE ACTIV|ITIES|
|---|---|---|---|---|---|
|||||2022|2021|
|||||8|8|
|Staffcosts||||1,609,958|1,454,273|
|Church planting &evangelism||||278,112|175,563|
|Joint ministries
expenses||||45,066|38,354|
|Catering,
refreshments||and seminars||151,375|31,282|
|Gitts, welfare and charitable|||donations|109,664|166,462|
|Premises expenses||||473,937|436,082|
|Rent for churches &menses||||1,423,765|934,294|
|Motor, travel, accommodation|||&subsistence|498,440|353,852|
|Presiding
Elders expenses|||||11,433|
|Volunteer
expenses||||24,462|25,083|
|Equipment
maintenance||||89,349|72,445|
|Birmingham
College|donation|||590,232|277,489|
|Congregational
insurance||||70,364|63,168|
|Bank charges||||31,186|18,163|
|Youth conference||||964,849||
|Audio visual expenses||||9,419|17,778|
|Souvenirs &calendars||expenses||22,494|10,749|
|Blankson Foundation||expense||17,000|10,400|
|General charitable
expenses||||5,022|200|
|Gain on disposal|||||(11,248)|
|Depreciation||||782,443|756,372|
|Interest payable
and similar charges||||~167199|112,705|
|||||7364336|4 954 899|
|Sb.PARENT CHARITY'S|||SUPPORT AND GOVERNANCE COSTS|||
|||||Governance||
||||Other|costs|Totals|
||||||8|
|Support Cost|||289,915||289,915|
|Governance||||72,180|72,180|
||||289,915|72,180|362,095|
|Support costs, included||in the|above, are as follows:|||
|OTHER||||||
|||||2022|2021|
|||||Support|Total|
|||||Cost|activities|
|Training expenses||||162,797|62,594|
|General administration||expenses|||1,573|
|Travel and subsistence||expenses||3,181|1,199|
|Printing,
postage &,stationery|||expenses|54,541|28,133|
|Telephone &internet|expenses|||35,652|37,154|
|Software and website||expenses||33,744|62,855|
|||||289,915|193,508|
##
##
||||2022|2021|
|---|---|---|---|---|
|||||Total|
||||Governance|activities|
|||||8|
|Audit fees|||33,122|31,500|
|Trustees meeting expenses|||2,386|6,316|
|Compliance|expenses||1,098|843|
|Legal and professional||fees|35,574|51,639|
||||72,180|90,298|
##
||2022|2021|
|---|---|---|
||8|8|
|Depreciation
- owned assets|816,220|786,441|
|Depreciation —assets held under HP|19,648|8,009|
|STAFFCOSTS|||
||2022|2021|
|||f.|
|Wages and salaries|1,517,574|1,337,744|
|Social security costs|26,367|18,569|
|Other pension costs|226,498|183641|
||1779439|1539954|
||2022|2021|
|---|---|---|
|Pastors|40|38|
|Finance|2|4|
|Administrative|17|16|
|Academic|3|3|
||62|61|
##
##
##
|11.|GROUP TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Freehold|Long|Plant and|
|||property|leasehold|machinery|
|||g|||
||COST||||
||At 1stJanuaty 2022|16,651,289|3,245,908|1,380,916|
||Additions|1,244,048|644,202|1D9 962|
||At 31stDecember 2022|17,895,337|3,890,110|1 490 878|
||DEPRECIATION||||
||At 1stJanuary 2022|2,823,912|506,673|1,169,366|
||Charge for year|307 791|82,359|146,459|
||At 31stDecember 2022|3,131,703|589032|1 315,825|
||NET BOOK VALUE||||
||At 31stDecember 2022|14763 634|3 301 D78|175053|
||At 31stDecember 2021|13.827377|2.739.235|211,550|
|11.|TANGIBLE FIXEDASSETS - continued||||
|||Fixtures|||
|||and|Motor||
|||fittings|vehicles|Totals|
|||g||g|
||COST||||
||At 1stJanuary 2022|865,715|631,949|22,775,777|
||Additions|316781|147385|2462378|
||At 31stDecember 2022|1,182,496|779,334|25,238,155|
||DEPRECIATION||||
||At 1stJanuary 2022|666,490|468,810|5,635,251|
||Charge for year|186,464|112,795|835,868|
||At 31stDecember 2022|852,954|581,605|6,471,119|
||NET BOOK VALUE||||
||At 31stDecember 2022|329 542|197,729|18.767.036|
||At 31stDecember 2021|199,225|163,139|17,140,526|
##
##
|PARENT CHARITY TANGIBLE FIXE|DASSETS|||
|---|---|---|---|
||Freehold|Long|Plant and|
||property
g|leasehold
f|machinery|
|COST||||
|At 1stJanuary 2022|16,651,289|1,873,217|1,343,864|
|Additions|1,244 0411||109962|
|At 31stDecember 2022|17,895,337|1,873,217|1,453,826|
|DEPRECIATION||||
|At 1st January 2022|2,823,912|476,419|1,160,836|
|Charge for year|307,791|37.464|137929|
|At 31stDecember 2022|31317113|513883|1298765|
|NET BOOK VALUE||||
|At 31stDecember 2022|14,763,634|1,359,334|155,061|
|At 31stDecember 2021|13,827,377|1,396,798|183,028|
##
|PARENT CHARITY TANGIBLE FIXE|DASSETS - continued|||
|---|---|---|---|
||Fixtures|||
||and|Motor||
||fittings|vehicles|Totals|
||8|8||
|COST||||
|At 1stJanuary 2022|856,970|631,950|21,357,290|
|Additions|316,781|147,385|1,818,176|
|At 31stDecember 2022|1 173,751|779 335|23,175,466|
|DEPRECIATION||||
|At 1stJanuary 2022|666,490|468,810|5,596,467|
|Charge foryear|186,464|112,795|782,443|
|At 31stDecember 2022|852,954|501605|6,378,910|
|NET BOOK VALUE||||
|At 31stDecember 2022|320 797|197,730|16,796,556|
|At 31stDecember 2021|190,480|163,140|15,760,823|
##
##
##
|12a.|GROUP DEB|TORS:A|MOUNTS FALLING DUE W|ITHIN ONE YEAR||
|---|---|---|---|---|---|
|||||2022|2021|
||Gift aid|||716,947|361,705|
||Staffloan|||21,036|18,161|
||Debtors and prepayments|||256,311|226,729|
|||||994,294|606,595|
|12b|PARENT CHARITY DEBTORS:AMOUNTS FALLING DUK WITHIN ONE YEAR|||||
|||||2022|2021|
|||||8||
||Gift aid|||716,947|361,705|
||Staff loan|||21,036|18,161|
||Debtors
Ze prepayments|||156,883|138,873|
||||||~518 39|
|13.|GROUP CREDITORS:||AMOUNTS FALLING DUE|WITHIN ONE YEAR||
|||||2022|2021|
||||||f|
||Bank loans and overdrafts||(see note 15)|437,130|327,883|
||Hire purchase (see note 16a)|||11,111|3,118|
||Social security|and other|taxes|29,170||
||Other creditors|||125,891|206,252|
||Accruals and deferred income|||81,206|39,450|
|||||684,508|576,703|
|14|PARENT CH|ARITY CR|EDITORS: AMOUNTS FALLIN|G DUK WITHIN ONK|YEAR||
|---|---|---|---|---|---|---|
|||||2022||2021|
|||||8||8|
||Bank loans and overdrafts||(see note 15)|437,130|353,741||
||Hire purchase|(see note 16a)||11,111||3,118|
||Social security|and other taxes||25,272|||
||Other creditors|||80,707||156,571|
||Amount
owed|to subsidiary|(BCC)|34,615|||
||Accruals|||31,501||30,904|
|||||||44
4|
|15.|GROUP CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE||||YEAR||
|||||2021||2021|
||Bank loans|||3,690,883|3,169,249||
||Hire purchase|||74 831||17 165|
|||||3,765,714|3,186,414||
##
##
##
|||2022|2021|
|---|---|---|---|
|||8||
|Amounts|falling due within one year on demand:|||
|Bank loans||437,130|327,883|
|Amounts|falling due between two and five years:|||
|Bank loans - 2-5 years||||
##
|||2022|2021|
|---|---|---|---|
|||8||
|Net obligations|repayable:|||
|Within one year||11,111|3,118|
|Within one and|five years|74 831|17 165|
|||85 942|20283|
##
||||2022|2021|
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||fund|fund|funds|funds|
|Fixed assets|17,902,407|1,014,629|18,767,036|17,140,526|
|Current assets|1,983,338|2,309,261|4,442,599|4,306,065|
|Current liabilities
Long term liabilities|(684,508)
~3765714)||(684,508)
~3,765,7)4)|(576,703)
~3,)86,4)4|
||15,435,523|3,328,896|18,759,413|17683 474|
##
##
##
|GROUP MO|VEMENT IN FUNDS||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1.1.22|in funds|31.12.22|
|||||8|
|Unrestricted|funds||||
|General fund||15,174,872|260,651|15,435,523|
|Restricted funds|||||
|Restricted Fund||2,508,602|815,288|3,323,890|
|TOTAL FUNDS||17,683.474|1,075,939|18,759,413|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||6,978,074|(5,305,915)|1,672,159|
|TOTAL FUNDS|||6978074|~5305975|1,672159|
|Comparatives|for movement|in funds||||
|||||Net||
|||||movement|At|
||||At 1.1.21|in funds|31.12.21|
|Unrestricted|funds|||||
|General fund|||13,776,011|1,672, 159|15,448,170|
|Restricted funds||||||
|Restricted Fund|||2,235,304||2,235,304|
|TOTAL FUNDS|||16011315|1672159|17683474|
##
##
|ANALYSIS OF PARENT CH|ARITY NKT ASSETSBE|TWEEN FUN|DS||
|---|---|---|---|---|
||||2022|2021|
||Unrestricted|Restricted|Total|Total|
||funds|fund|funds|funds|
||f.|8|||
|Fixed assets|16,796,556||16,796,556|15,760,823|
|Current assets|2,664,541|1,662,434|4,326,975|4,186,841|
|Current liabilities|(730,050)|109,714|(620,336)|(544,334)|
|Long term liabilities|~4,392.827)|537, 113|~3765,754)|~3,136414)|
||14,428,220|2,309,261|16,737,481|14,764,857|
##
|PARENT C|HARITY MOV|EM|KNT IN FU|NDS|||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.22|in funds|31.12.22|
||||||8|8|
|Unrestricted|funds||||||
|General fund||||14,572,943|(144,723)|14,428,220|
|Restricted
funds|||||||
|Charitable
activities||||1,643,973|665,288|2,309,261|
|TOTAL FUNDS|||||||
|Net movement|in funds, included||in the above|are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||||8|
|Unrestricted|funds||||||
|General fund||||7,564,708|(7,709,431)|(144,723)|
|Restricted funds|||||||
|Charitable
activities||||682,288|(17,000)|665,288|
|TOTAL FUNDS||||~86996|~7,726 43))|528,365|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|||||||8|
|Unrestricted|funds||||||
|General fund||||13,394,182|1,178,761|14,572,943|
|Restricted
funds|||||||
|Charitable
activities||||1,370,675|273,298|1,643,973|
|TOTAL FUNDS||||14764 857|1 452059|16216916|
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General fund|||6,407,066|(5,228,305)|1,178,761|
|Restricted|funds|||||
|Charitable|activities||283,698|(10,400)|273,298|
##
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.1.21|in funds|31.12.22|
|Unrestricted
funds||||
|General fund|13,394,182|1,034,038|14,428,220|
|Restricted funds||||
|Charitable
activities|1,370,675|938,586|2,309,261|
|TOTAL FUNDS|14,764,857|1,972,624|16,737,481|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|13,971,068|(12,937,030)|1,034,038|
|Restricted funds||||
|Charitable
activities|965,986|(27,400)|938,586|
|TOTAL FUNDS|14937994|~129644 9|1972624|
##
##
|Fund|As at 1.1.21|Incoming|Expenditure|As|at 31.12.2022|
|---|---|---|---|---|---|
||g||8|||
|BCC|14,994|150,000|||164,994|
|BCCoffering||22,377|||22,377|
|Retirement|155,820|16,293|||172,113|
|Motor van|11,380||||11,380|
|Building|2,252,246|627,089|||2,879,335|
|Blankson Foundation|74 162|16329|17000||73 691|
||2366662|832288|17000||3 3232121|
##
|totall|ing 653,324|(2021 - f32,100).The breakdown
is as|follows:||
|---|---|---|---|---|
||||2022|2021|
|||||8|
|Mrs|A Ssm||4,800|7,200|
|Mrs|EAfriyie||4,800|7,200|
|Mrs|CAppiah||8,400|8,400|
|Mrs|A Frempong|Boadu|10,800|9,300|
|Mrs|Joyce Donkor||24,524|5,850|
##
||2022|2021|
|---|---|---|
|Within one year|9,157|9,157|
|In one to two years|9,157|9,157|
|In two to five years|6,361|6361|
||~67||
##
##
|||
FOR THK YEAR ENDED 31STD|
ECEMBER 2022||
|---|---|---|---|---|
||||2022|2021|
||||8||
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Tithes and offerings|||6,771605|5,927,942|
|Joint services offering|||31,185|58,653|
|Gift aid receivable|||400,000|300,000|
|Btankson Foundation|donations||16,529|7,093|
|Youth conference|||263,132||
|Joint Ministries
offering|||35,329|50,076|
|BCCoffering|||22,377||
|Pension offering|||16,293|15,118|
|Building Fund offering|||627,089|246,493|
|Donations
received by|BCC||133 167|13 174|
||||8,336,706|6,620,549|
|Investment
income|||||
|Deposit account interest|||4,122|229|
|Charitable
activities|||||
|Other income|||13,268|14,860|
|Rental income|||240,685|155,608|
|Academic
income|||181,194|187,534|
||||435,147|358,002|
|Total incoming
resources|||8,775,975|6,978,780|
|EXPENDITURE|||||
|Charitable
activities|||||
|Wages|||1,517,574|1,337,744|
|Social security|||26,367|18,569|
|Pensions|||226,498|183,641|
|Church plant Jk evangelism|||278,112|175,563|
|Joint ministries
expenses|||45,066|38,354|
|Retreats and conferences||||31,282|
|Gifts, welfare dt donations|||109,664|166,462|
|Premises expenses|||675,445|586,598|
|Rent - churches
4tt manses|||1,423,765|934,294|
|Motor, travel, subsistence||and accommodation|506,185|353,852|
|Presiding
Elders expenses||||11,433|
|Volunteer
expenses|||24,462|25,083|
|Equipment
maintenance|||89,349|72,445|
|Insurance|||88,042|77,406|
|Carried forward|||5,010,529|4,012,726|
##
||||FOR|THK YEAR ENDED 31STDE|CEMBER 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||8|
|Charitable
activities|||||||
|Brought forward|||||5,010,529|4,012,726|
|Bank charges|||||32,346|18,924|
|Youth conference|||||964,849||
|Audio visual expenses|||||9,419|17,778|
|Souvenirs &calendars|expenses||||22,494|10,749|
|Blankson Foundation
expenses|||||17,000|10,400|
|General charitable
expenses|||||5,021|202|
|Gain/(loss)
on disposal||||||(11,248)|
|Communication
cost|||||41,064|23,551|
|Freelance consultants|||||12,347|18,575|
|Validation &accreditation|||fee||58,119|22,765|
|Subscription
and licences|||||4,398||
|Bad debts|||||42,257||
|Library expenses||||||8,593|
|Advertising
and inarketing|||||(1,006)|9,232|
|Student bursaries,
accommodation||||and graduation|59,224|3,500|
|Catering
and refreshments|||||154,764||
|Depreciation-Freehold|property||||307,791|284,492|
|Depreciation-Long
leasehold|||||82,359|67,718|
|Depreciation-Plant
and|machinery||||146,459|170,780|
|Depreciation-Fixtures|and fittings||||186,464|179,483|
|Depreciation-Motor
vehicles|||||112,795|92,684|
|Interest payable|||||167,199|112,705|
||||||7,435,892|5,052,903|
|Support costs|||||||
|Other|||||||
|Training
expenses|||||49,160|16,069|
|General administration||expense||||2,925|
|Travel and subsistence|||||3,181|2,253|
|Printing,
postage &telephone|||||65,047|32,857|
|Telephone
and internet|||||35,652|37,154|
|Software and website|||||33,744|63,572|
||||||186,784|154,830|
|Governance
costs|||||||
|Audit fees|||||37,222|37,000|
|Trustees meeting expenses|||||2,386|6,316|
|Compliance
expenses|||||1,098|843|
|Legal and professional||fees|||36,654|54,023|
||||||77,360|98,182|
|Total resources expended|||||7,700,036|5,306,621|
|Net income before gains||and losses|||1 075 939|1 672 159|
|Realised recognised
gains|||and losses||||
|Carried forward|||||1,075,939|1,672,159|