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← Good Shepherd Church

2024-12-31-accounts

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B

Good Shepherd Church

Charity No. 1125607

Trustees' Report and Unaudited Accounts

31 December 2024

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B 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: FD086EF5-BE88-4D8A-AB2E-09088368F68B

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 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1125607

Trustees

The following trustees served during the year:

A. Effah

E. Kwarteng

G. Yidana

Key Management Personnel

Chair Secretary Treasurer

Revd Dr Gabriel Yidana Dr Alex Effah 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: FD086EF5-BE88-4D8A-AB2E-09088368F68B 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: "Send the Light.” Text: “You are the light of the world. A town built on a hill cannot be hidden. 15 Neither do people light a lamp and put it under a bowl. Instead, they put it on its stand, and it gives light to everyone in the house.” (Matthew 5:14-15. NIV) The theme focused on teaching members to let their identity as Christians be positive influencers in private and public life as we live and serve our Lord Jesus, His Church, neighbours and the communities. Matthew’s account of the Gospel of Jesus Christ in the above text highlighted the need for Christians to project the image of Christ’s transforming work in the believer’s life to be visible at all times and in all circumstances. Jesus is our Light and we are to proclaim his message of salvation to all people. In our evangelistic thrust, we launched a new church plant – ‘The Mount’ in September 2024. This new church is led by Pastor Ebenezer Aryee and some leaders were released to help grow the church which has since been registered with Assemblies of God Great Britain. The year also saw Dr Akosua Konadu Addai-Mensah relocate to Birmingham where she would continue her Ministerial training with AOG GB under Sureway Ministry with our support. 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 31/12/2024 there was surplus of £28 (31/12/2024) compared to income deficit of £5,779(31/12/2023).

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: FD086EF5-BE88-4D8A-AB2E-09088368F68B

Good Shepherd Church

Trustees Annual Report

PLANS FOR FUTURE PERIODS

In 2025, 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 of emerging leaders for generational impact whilst looking for a property as church building in the near future.

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 02 September 2025

Page 4

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B 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 2024.

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 02 September 2025

Page 5

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B Good Shepherd Church Statement of Financial Activities

for the year ended 31 December 2024

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 income/(expenditure)
8
Transfers between funds
Net income/(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
2024 2024 2024 2023
£ £ £ £
50,377 - 50,377 43,740
19,667 2,000 21,667 11,958
18,291 - 18,291 16,224
88,335 2,000 90,335 71,922
2,950 - 2,950 2,490
87,357 - 87,357 75,212
90,307 - 90,307 77,702
- - - -
(1,972) 2,000 28 (5,780)
1,000 (1,000) - -
(972) 1,000 28 (5,780)
(972) 1,000 28 (5,780)
1,783 4,234 6,017 11,797
811 5,234 6,045 6,017

Page 6

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B Good Shepherd Church Balance Sheet

at 31 December 2024

at 31 December 2024
Charity No. 1125607 2024 2023
£ £
Current assets
Cash at bank and in hand 6,045 6,017
6,045 6,017
Net current assets 6,045 6,017
Total assets less current liabilities 6,045 6,017
Net assets excluding pension asset or liability 6,045 6,017
Total net assets 6,045 6,017
The funds of the charity
Restricted funds 10
Restricted income funds 5,234 4,234
5,234 4,234
Unrestricted funds 10
General funds 811 1,783
811 1,783
Reserves 10
Total funds 6,045 6,017
Approved by the trustees on 02 September 2025

And signed on their behalf by:

[CabrelSignedB4B7C473553743A...by: Yidona G. Yidana

Trustee 02 September 2025

Page 7

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B

Good Shepherd Church Notes to the Accounts

for the year ended 31 December 2024

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 same time the claim is donations and gifts received. 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: FD086EF5-BE88-4D8A-AB2E-09088368F68B 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: FD086EF5-BE88-4D8A-AB2E-09088368F68B Good Shepherd Church

Notes to the Accounts

2 Statement of Financial Activities - prior year
Unrestricted Restricted
funds funds Total funds
2023 2023 2023
£ £ £
Income and endowments from:
Donations and legacies 43,740 - 43,740
Charitable activities 11,958 - 11,958
Other 16,224 - 16,224
Total 71,922 - 71,922
Expenditure on:
Charitable activities 2,490 - 2,490
Other 75,212 - 75,212
Total 77,702 - 77,702
Net income (5,780) - (5,780)
Transfers between funds 6,501 (6,501) -
Net income before other
gains/(losses)		 721 (6,501) (5,780)
Other gains and losses:
Net movement in funds 721 (6,501) (5,780)
Reconciliation of funds:
Total funds brought forward 1,063 10,734 11,797
Total funds carried forward 1,784 4,233 6,017
3 Income from donations and legacies
Unrestricted Total Total
2024 2023
£ £ £
Offerings 12,196 12,196 10,653
Tithes 32,204 32,204 27,062
Missions 3,256 3,256 4,845
Welfare 2,721 2,721 1,180
50,377 50,377 43,740
4 Income from charitable activities
Unrestricted Restricted Total Total
2024 2023
£ £ £ £
Fund Raising & Thanksgiving 16,935 - 16,935 9,993
Mens & Youth Ministries 2,732 - 2,732 1,965
Building Fund - 2,000 2,000 -
19,667 2,000 21,667 11,958

Page 10

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B 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
Fund Raising & Thanksgiving
Mens & Youth Ministries
Governance costs
Independent Examiner's Fees
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 income/(expenditure) before transfers
This is stated after charging:
Other fees paid to the auditor or
independent examiner		 Unrestricted
£
43
18,158
90
18,291		 Total
2024
£
43
18,158
90
18,291		 Total
2023
£
18
13,252
2,954
16,224
Unrestricted
£
300
2,000
650
2,950
Unrestricted
£
22,932
11,097
3,528
21,125
6,443
11,516
10,716
87,357
2024
£
650		 Total
2024
£
300
2,000
650
2,950
Total
2024
£
22,932
11,097
3,528
21,125
6,443
11,516
10,716
87,357		 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
2023
£
650

Page 11

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B

9
Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.
10 Movement in funds
At 1 January
2024
Incoming
resources
(including
other
gains/losses)
£
Restricted funds:
Restricted income funds:
Building Fund
4,234
2,000
Total
4,234
2,000
Unrestricted funds:
General funds
1,783
88,335
Total funds
6,017
90,335
Purposes and restrictions in relation to the funds:
Restricted funds:
Building Fund
Building the Church
11 Analysis of net assets between funds
Good Shepherd Church
Notes to the Accounts		 2024
17,465
17,465
Resources
expended
£		 Gross
transfers
£
(1,000)
(1,000)
1,000
-		 2023
12,089
12,089
At 31
December
2024
£
5,234
-
-
(90,307)
(90,307)
5,234
811
6,045
Net current assets
12 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
811
811
At 1 January
2024
£		 Restricted
funds
£
5,234
5,234
Cash flows
£		 Total
£
6,045
6,045
At 31
December
2024
£
6,017 28 6,045
6,017
6,017		 28
28		 6,045
6,045

Page 12

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B Good Shepherd Church Statement of Cash flows

for the year ended 31 December 2024

Cash flows from operating activities
Net income/(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 increase/(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		 2024
£
28
(18,291)
-
(18,263)
18,291
18,291
-
28
6,017
6,045		 2023
£
(5,780)
(16,224)
(1)
(22,005)
16,224
16,224
-
(5,781)
11,798
6,017
Components of cash and cash equivalents
Cash and bank balances 6,045 6,017
6,045 6,017

Page 13

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B Good Shepherd Church

Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from:
Donations and legacies
Offerings
Tithes
Missions
Welfare
Charitable activities
Fund Raising & Thanksgiving
Mens & Youth Ministries
Building Fund
Other
Bank Interest
Gift Aid Received
Hall Hire / Grants
Total income and endowments
Expenditure on:
Charitable activities
Fund Raising & Thanksgiving
Mens & Youth Ministries
Governance costs
Independent Examiner's Fees
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
Motor and travel costs		 Unrestricted
funds
2024
£
12,196
32,204
3,256
2,721
50,377
16,935
2,732
-
19,667
43
18,158
90
18,291
88,335
300
2,000
2,300
650
650
2,950
22,932
11,097
3,528
37,557
17,465
3,660
21,125		 Restricted
funds
2024
£
-
-
-
-
-
-
-
2,000
2,000
-
-
-
-
2,000
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
12,196
32,204
3,256
2,721
50,377
16,935
2,732
2,000
21,667
43
18,158
90
18,291
90,335
300
2,000
2,300
650
650
2,950
22,932
11,097
3,528
37,557
17,465
3,660
21,125		 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

Page 14

Docusign Envelope ID: FD086EF5-BE88-4D8A-AB2E-09088368F68B

Good Shepherd Church

Detailed Statement of Financial Activities

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 income/(expenditure)
Transfers between funds
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 6,443
6,443
7,554
3,962
11,516
183
7,582
2,951
10,716
87,357
90,307
-
(1,972)
1,000
(972)
-
(972)
1,783
811		 -
-
-
-
-
-
-
-
-
-
-
-
2,000
(1,000)
1,000
-
1,000
4,234
5,234		 6,443
6,443
7,554
3,962
11,516
183
7,582
2,951
10,716
87,357
90,307
-
28
-
28
-
28
6,017
6,045		 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

Page 15