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← Good Shepherd Church

2023-12-31-accounts

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C

Good Shepherd Church

Charity No. 1125607

Trustees' Report and Unaudited Accounts

31 December 2023

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 13
Detailed Statement of Financial Activities 14 to 15

Page 1

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C

Good Shepherd Church

Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1125607

Trustees

The following trustees served during the year:

Key Management Personnel

Chair

Rev Gabriel Yidana

Secretary

Dr Alex Effah

Treasurer

Edward Kwarteng

Observers and Advisers

Accountants

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL

Bankers

HSBC 33 Park Row Leeds LS1 1LD

Page 2

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The objects of the Church are for the benefit of the public:

(a) to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit;

(b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time think fit; and

(c) to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.

ACHIEVEMENTS AND PERFORMANCE

The main areas of charitable activity are the provision of counselling, advice, support and the advancement of the Christian religion.

Counselling, Advice & Support

This year’s programmes of activities were focused on the theme: "Year of Light and Glory.”

Text: “Arise, shine, for your light has come, and the glory of the Lord rises upon you. (Isaiah 60:1 NIV) The theme focused on equipping members spiritually and physically to brace the challenges of life as we live and serve our Lord Jesus, His Church, neighbours and the communities. The Prophet Isaiah in this text highlighted the need for Israel and believers to be optimistic in their faith in God at moments when it all seems dark and gloom. Jesus is our Light and Glory to show the way and give strength for effective productivity. In our evangelistic thrust, we launched a new church plant in April 2023 at the same premisses led by the Youth to facilitate outreach for intercultural fellowship alongside a monocultural service - Faith Assembly and Hope Assembly. The year also saw the launch of sports ministry to facilitate community engagement through sporty activities. Dr Akosua Konadu Addai-Mensah is in her second year of Ministerial training with AOG GB. We are in network with other churches for kingdom business and this is very encouraging for us in the city. We also continue to host intercultural mission dialogues meetings and received the ministry of visiting home and foreign ministers and missionaries within the year.

FINANCIAL REVIEW

Principal Funding Sources

The principal funding sources for the charity are currently by way of voluntary donations from the public and contributions from members. In year ended 31/12/2023 there was deficit of £5,780(31/12/2023) compared to income deficit of £932(31/12/2022). The surplus from prior years was used to fund the deficit and there is £6,017 surplus carried forward for use in the next year to achieve the charity’s objectives.

Investment Policy

As most of the charity's funds are to be spent in the short term, there are very few funds available for long term investment.

Reserves Policy

The Management Committee has examined the charity's requirements for reserves in light of the main risks to the organisation. We recognize that it would be desirable to hold unrestricted reserves. However, the charity’s current financial position does not permit this.

Page 3

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Trustees Annual Report

PLANS FOR FUTURE PERIODS

Plans for the Future

In 2024, we would continue to emphasis evangelistic outreach for church growth through intentional intercultural ministry with the communities for missional outreach.

Our purpose is to help build families & impart knowledge in any way that we can as a charity. There will be Prayer Emphasis including fasting, training, and plans to purchase the property that we are currently using on a leased rented contract.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by a constitution adopted on 13 July 2008.

The trustees of the charity are appointed by the members at the AGM.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

G. Yidana Trustee 09 September 2024

Page 4

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Independent Examiners Report

Independent Examiner's Report to the trustees of Good Shepherd Church

I report to the trustees on my examination of the financial statements of Good Shepherd Church for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and 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.

Independent examiner's statement

I have completed my examination. I can confirm 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 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.

CPAA

Solutions Accountancy & Bookkeeping Ltd 1 The Mews

Little Brunswick Street Huddersfield

HD1 5JL 09 September 2024

Page 5

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Statement of Financial Activities

for the year ended 31 December 2023

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net expenditure
8
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2023 2023 2023 2022
£ £ £ £
43,740 - 43,740 42,261
11,958 - 11,958 15,315
16,224 - 16,224 23,363
71,922 - 71,922 80,939
2,490 - 2,490 3,662
75,212 - 75,212 78,309
77,702 - 77,702 81,971
- - - -
(5,780) - (5,780) (1,032)
6,501 (6,501) - -
721 (6,501) (5,780) (1,032)
721 (6,501) (5,780) (1,032)
1,063 10,734 11,797 12,829
1,784 4,233 6,017 11,797

Page 6

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Balance Sheet

at 31 December 2023

Charity No. 1125607
Current assets
Cash at bank and in hand
Creditors:Amount falling due within one year
10
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
11
Restricted income funds
Unrestricted funds
11
General funds
Reserves
11
Total funds		 2023
£
6,017
6,017
-
6,017
6,017
6,017
6,017
4,233
4,233
1,784
1,784
6,017		 2022
£
11,798
11,798
(1)
11,797
11,797
11,797
11,797
10,734
10,734
1,063
1,063
11,797

Approved by the trustees on 09 September 2024

And signed on their behalf by:

G. Yidana Trustee 09 September 2024

Page 7

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C

Good Shepherd Church Notes to the Accounts

for the year ended 31 December 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Tax reclaims on Income from tax reclaims is included in the SoFA at the time claim is received. donations and gifts Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Page 8

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church

Notes to the Accounts

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Offerings
Tithes
Missions
Welfare
4
Income from charitable activities
Fund Raising & Thanksgiving
Mens & Youth Ministries
Building Fund
Women's Ministry		 Unrestricted
funds
2022
£
42,261
13,495
23,363
79,119
3,662
78,309
81,971
(2,852)
(2,852)
(2,852)
3,915
1,063
Unrestricted
£
10,653
27,062
4,845
1,180
43,740
Unrestricted
£
9,993
1,965
-
-
11,958		 Restricted
funds
2022
£
-
1,820
-
1,820
-
-
-
1,820
1,820
1,820
8,914
10,734
Total
2023
£
10,653
27,062
4,845
1,180
43,740
Total
2023
£
9,993
1,965
-
-
11,958		 Total funds
2022
£
42,261
15,315
23,363
80,939
3,662
78,309
81,971
(1,032)
(1,032)
(1,032)
12,829
11,797
Total
2022
£
9,485
28,001
4,044
731
42,261
Total
2022
£
9,903
1,873
1,820
1,719
15,315

Page 10

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church

Notes to the Accounts

5 Other income

Bank Interest
Gift Aid Received
Hall Hire / Grants
6
Expenditure on charitable activities
Expenditure on charitable
activities
Mens & Youth Ministries
Women's Ministry
Governance costs
7
Other expenditure
Church hall rent, vicarage
rent and council tax
Missions Support
Volunteer Costs
Employee costs
Motor and travel costs
Premises costs
General administrative costs
8
Net expenditure before transfers
This is stated after charging:
Other fees paid to the auditor or
independent examiner		 Unrestricted
£
18
13,252
2,954
16,224		 Total
2023
£
18
13,252
2,954
16,224		 Total
2022
£
17
23,346
-
23,363
Unrestricted
£
1,840
-
650
2,490
Unrestricted
£
24,123
9,216
4,467
14,258
3,662
12,846
6,640
75,212
2023
£
650		 Total
2023
£
1,840
-
650
2,490
Total
2023
£
24,123
9,216
4,467
14,258
3,662
12,846
6,640
75,212		 Total
2022
£
1,733
1,279
650
3,662
Total
2022
£
21,821
9,086
6,067
18,928
3,102
13,212
6,093
78,309
2022
£
650

Page 11

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C of £60,000. 2023
12,089
12,089
2023
£		 2022
17,598
17,598
2022
£
- 1
-
Resources
expended
£		 Gross
transfers
£
(6,501)
(6,501)
6,501
-		 1
At 31
December
2023
£
4,233
-
-
(77,702)
(77,702)
4,233
1,784
6,017
Unrestricted
funds
£
1,784
1,784		 Restricted
funds
£
4,233
4,233		 Total
£
6,017
6,017

Page 12

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church

Notes to the Accounts

13 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2023
£		 Cash flows
£		 At 31
December
2023
£
11,798 (5,781) 6,017
11,798
11,798		 (5,781)
(5,781)		 6,017
6,017

Page 13

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church Statement of Cash flows

for the year ended 31 December 2023
Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Decrease in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
(5,780)
(16,224)
(1)
(22,005)
16,224
16,224
-
(5,781)
11,798
6,017		 2022
£
(1,032)
(23,363)
(76)
(24,471)
23,363
23,363
-
(1,108)
12,905
11,797
Components of cash and cash equivalents
Cash and bank balances 6,017 11,798
6,017 11,798

Page 14

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C Good Shepherd Church

Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from:
Donations and legacies
Offerings
Tithes
Missions
Welfare
Charitable activities
Fund Raising & Thanksgiving
Mens & Youth Ministries
Building Fund
Women's Ministry
Other
Bank Interest
Gift Aid Received
Hall Hire / Grants
Total income and endowments
Expenditure on:
Charitable activities
Mens & Youth Ministries
Women's Ministry
Governance costs
Total of expenditure on charitable
activities
Other expenditure
Church hall rent, vicarage rent
and council tax
Missions Support
Volunteer Costs
Employee costs
Salaries/wages
Staff welfare		 Unrestricted
funds
2023
£
10,653
27,062
4,845
1,180
43,740
9,993
1,965
-
-
11,958
18
13,252
2,954
16,224
71,922
1,840
-
1,840
650
650
2,490
24,123
9,216
4,467
37,806
12,089
2,169
14,258		 Restricted
funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2023
£
10,653
27,062
4,845
1,180
43,740
9,993
1,965
-
-
11,958
18
13,252
2,954
16,224
71,922
1,840
-
1,840
650
650
2,490
24,123
9,216
4,467
37,806
12,089
2,169
14,258		 Total funds
2022
£
9,485
28,001
4,044
731
42,261
9,903
1,873
1,820
1,719
15,315
17
23,346
-
23,363
80,939
1,733
1,279
3,012
650
650
3,662
21,821
9,086
6,067
36,974
17,598
1,330
18,928

Page 15

Docusign Envelope ID: 4B9B808D-0593-4EDF-A2EB-274D26306E1C

Good Shepherd Church

Detailed Statement of Financial Activities

Motor and travel costs
Travel and subsistence
Premises costs
Light, heat and power
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
Equipment expensed
General insurances
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 3,662
3,662
8,730
4,116
12,846
201
4,762
1,677
6,640
75,212
77,702
-
(5,780)
6,501
721
-
721
1,063
1,784		 -
-
-
-
-
-
-
-
-
-
-
-
-
(6,501)
(6,501)
-
(6,501)
10,734
4,233		 3,662
3,662
8,730
4,116
12,846
201
4,762
1,677
6,640
75,212
77,702
-
(5,780)
-
(5,780)
-
(5,780)
11,797
6,017		 3,102
3,102
7,151
6,061
13,212
239
3,775
2,079
6,093
78,309
81,971
-
(1,032)
-
(1,032)
-
(1,032)
12,829
11,797

Page 16