R8gister&J nurnr.. 05639578 Charity number.. 1129937 PRESBYTERIAN CHURCH OF GHANA. CALVARY CONGREGATION. LONDON UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3011112023 Preparèd By.. Kojo & Co Chartered CertEfied Aoxunlanls
PRESBYfERIAN CHURCH OF GHANA. CALVARY CONGREGATION. LONt)ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 3011112023 TRUSTEES Kwame Appiah-Peprah Verissa Takyiwaa Akoto Kofi Ofosu Amanirrfj Danso Ruth Yasmine Wobil REGISTERED OFFICE 118-120 LONDON fioAD MITCHAM SURREY CR4 2JQ COMPANY NUMBER 05639578 CHARITY NUMBER 1129937 ACCOUNTANTS Kojo & Co Chartered Certth&d Accountsnts P8g8 1
PRESBYTERIAN CHURCH OF GHANA. CALVARY CONGREGATION, LONDON ACCOUNTS FOR THE YEAR ENDED 3011112023 CONTENTS Pag8 Rep(wt of the Trust688 Independent Exarninerfs Stalerr*ni ststement of FinatKial Activities BaL2n Sheer Notes to the A¢¢ounts gto 13 Oetailed Stalerrtsnt of Financial Activit5 12 paoe 2
PRESBYTERIAN CHURCH OF GHANA, CALVARY CONGREGATION. LONDON FOR THE YEAR ENDED 30M112023 TRUSTEES. REPORT The trustees presont their report and aco)unt$ for year ended 3011112023 PRINCIPAL ACTIVITIES The prinupal activty of the charity in the year undèr revvaw wa$ teachlng and preaching of God's Word and the sharing of the Sacrament. STRUCTURE GOVERNANCE AND MANAGEMENT The Truste88 are elected frorn the tgrEgatiOn by th• ontire membgrship of the church through a sef*el voting, they serve for a period of four years. they mansge and CA)ntrol the day-to-d8y aclivlties of th8 ¢hurch. ernergency meeting ran bè call&1 wlside Ih88e $¢heduled Me811rS. Th8 Trustees mggt onc8 a month, to di8uJss all rnattws ¢on¢erning the chijrch The IN5tees who served during the year are A95 Evelyn Opp)ng Kori Ofosu-Arnanlng Owusu Danso Ruth yasmi wo1 Kwame Appiah-Pepra Verl$8 Takywaa Akoto All Breny8 I the directors and trustees ar8 mèmbers of tho companyand guarantee to contribute a surn rK)l ex¢eeding £1.00 lo the assets of tho company in th8 event of it b8ing wound up At 30 November 2023. there w8r8 8 members ACHIEVEMENTS AND FUTURE DEVELOPMENTS The year 2023 w88 a successful one $in¢e we m8nag8d lo deliver on SOMÈ of our planned adivitK9S. As É Christian ch8rty rTh)sl of our [gramme5 were centr8d on Chrislianty and promoting cotntnunily coh8slon. These included Evanq81ism in 3nd around Balh3tn and IIK>ting areas, H&allh walks and deaning of community parks every quarter. We were also able lo supply non-p8rishable foods every month through our food bank lo assist the homeless and the needy within the Wandsworth and Merton boroughs. In addition lo thE we also managed to broaden our Ecumeniol latIonS Within our community through barbeques and gatne days with other churche5 in the 8r8a. The ch8rity was mainly run on vdun&ry donation$ reGeived during our galheriros on Sundays as wo11 as Gift aid receipts. pag8 3
PRESBYTERIAN CHURCH OF GHANA, CALVARY CONGREGATION. LONDON FOR THE YEAR ENDED 3011112023 TRUSTEES, REPORT Activities for 2024. We have planned lo give out n-p&shao1e foods, we intend lo also proVe hot rrtsals once a month through r food bank beginnino this surnrw. Thk8 k5 to serve 95 an extra support to the homeless. Th8 raport was prepared in aLYordanee with the specKg1 provisions within Part 15 of the Companvè5 Act 2006. Thi5 report W88 approved by the Btsard of Truste88 on 1210812024 Owtssu Danso Trust88 page 4
PRESBYfERIAN CHURCH OF GHANA, CALVARY CONGREGATION, LONDON INDEPENDENT EXAMINEFVS STATÈMENT FOR THE YEAR ENDED 3011112023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESBERIAN CHURCH OF GHANA. CALVARY CONGREGATION, LONDON I rgpDrt on the accounts of the cornpany forth¥ yearended 3011112023 . RESPECTIVE RESPOIISIBIUTIES OF TRUSTEES AND EXAMINER The trustees (who a also the directors of lh& company for the purposes of company lawl 2re r88ponsible for ihe preparation of I aco)unls. The Iruslees (onsider that an audit is not required for Ihis year und8r Sect 144121 of the Charities Ad 2011 (the 2011 Actl and thai an indendent examination is needed. The charity's gross income exceeded £250,000 and l am qualified lo undertake th8 eX8rninalion by bwng a qUalifd rnember of . Having satisfied mysdf that the chanly Is not $ubje¢i 10 an audit un(Ser company law 8nd is duible for independent examination. il is my responsibilty to.. - axamine the xeounls under $8cth)n 145 of the 2011 Act., - follow the FKoCedUr8s18 down in gèneral DirectK)ns given by the Charily Cornmission under Sectnn 14515llbl of th& 2011 Act., and - stale whether partiojlar matter5 hav8 come to rny attention. 8ASIS OF INDEPENDENT EXAMINERS STATEMÈNT My exaTnin3tion was tsrried out in attord8nc8 with general Directions given by the Charity Commission An exsminalion includes a revi of the accounting r8cor¢ls k8pI by the charity and a comparison of th8 accounts presenied with those racords. It also indud8s wnsidetalion of any unusual items or disclosures in the accounts, seeking ?xplanatK>ns from you as trustees concerning any such matt8rs. The proc8dur8s und&rtakon do not provide all the evidence thgt be required in an 8udit. and consequently no opinion is gNen as to whether the accounts prn1 a "true and fair view" and the report is litllited to Ihose matters set out in the Statement beli)w. page S
pRES8ERIAN CHURCH OF GHANA. CALVARY CONGREGATION, LONDON INOEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 30M112023 INDEPENDENT EXAMINERS STATEMENT In ¢u)nectK)n With my exatnin4tion, no mattor has com to rny attention.. 111 which gnies me reasonabl& cAuse lo beIv that in any maierigl respect the requ1r8rrnts". - lo keÈp accounting records in accordanc9 wilh seclK)n 386 of the Compan5 Act 2006., end lo prepare accounts whKh accord wth th8 acwunting reoyds, cornply wlh the aGcounlirKJ requiretnents of section 396 of the Comp8nie$ A¢t 2006 and wllh the methods and prinCipS of the Sts18rnent of Recommended Pr•cticè'. Actrnunling and RÈporting by Charit$ havo not b88n rnet.. ¢y 121 lo whrh. in my opinn. attention should drawn in order to enable a proper UnderStalft9 of the a(tourrts lo te ached Dale.. 1210W2024 Kojo & Co Chartered Cerbfied Accountants page 6
PRESBYtERIAN CHURCH OF GHANA. ¢ALVARY CONGREGATION, LONDON Statsment of FinanGial Activltles for the yearended 3011112023 2023 2022 Unwtrictod Restrf¢tod funds fvnd5 Total Toial Income Incom8 trom generated funds Income trom Inve$irTbenls Income from ¢hariiable actiwties Total Income and ondowments E¥pons05 Costs of g8n8rating fijnds Expenditure on Charitable activitKgS Total Expenses Net galns on inv•stmaht$ Net Incom 224 75,794 76.018 224 1.476 77.270 31,963 1,476 77.494 31,972 53.549 53,549 626 54,175 52,678 626 54,175 52,678 850 J.319 120,706) Tr8nsf8rs between fvnds Gain81111)55esl on revalu8tlon of fixed assests Net movement In funds.. Not Income for the year Total funds brought forwar Net funds carrled forward 114,0351 14,035 146.3481 (46.3481 8,434 67,080 75,514 14.885 123,0291 (67,0541 12,306 125,734 146.439 27.191 102,705 79,565 This statam8nt of financial ath¥it includes all gain$ and losses recogni8ed in the year. All income 2nd expenditure derive from wntinuiro tivit$ pago 7
PRESBYTERIAN CHURCH OF GHANA, CALVARY CONGREGATION, LONDON BALANCE SHEÈT AT 3011112023 2023 2022 Not•5 FIXED ASSETS T8ngibl8 88$ets 507 1,018 CURRENT ASSETS Cash ai bank and in hand 122.274 122.2T4 20.076 709,293 109,293 30,926 CREDITORS: Amounts falllng due withln one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 102.198 102,705 78,367 79,385 CAPITAL AND RESERVES Unrnstri¢t8d fvnd$ General fund R•strlctod fvnds 75.514 27,191 102,705 59,009 20,376 Tg,385 ' For the year endiw 3011112023 the cornpany was entitled to exemption under se¢rion 4Th of the Comp8nK?$ Ath 2006 r81atire srnall companies. The member5 have not required the cornpany 10 obtsin an 8udil in aOrdanCe With seclion 476 of the Companies A¢t 2006. The directors a¢knoedge their resFonsibilitRs for complying with th8 requir8monts of the Act with SpeCt to accounting r8c(ds and the prep8ralion of aLuunls. These accounts have b88n prepared in accordan¢e with the wowons applicable to GOrnP8nies &ubig¢t to the $mdl cornpanies regirne. Approvod by the Ix>ard of trnstets on 1210812024 arKI slgned on thtlr bohalf by Verissa Takynv8a Akoio Trusl8e page 8
PRES8YTERIAN CHURCH OF GHANA, CALVARY CONGREGATION. LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3011112023 1. ACCOUNTING POLICIES la. Baal8 Of Accotsn¢ing The aceounls have been prepared under the historical cost convention. acwunls have b88n prepared in acrnrdancè with FRS102- The Finan¢i#l Reporting St2ndard applica& in th8 UK and Rewbli¢ Df Irdand and the Comp8ni8s Ad 2006 and the requi[Ont8 of the Staiernent of Recomrnended Practi¢0. Acwunling and Reporting by Charities. 1b. Incominy Re80ur¢e8 All incotning resources are induded on the Ststement of Financial Activitigs wh8n the charity is legally enlilled lo the Incom8 and the amount Can be quanlified with reasonable a¢¢uracy. Ic. R6sourc•s Exnd•d ExndIture is a¢wunt8d for on an accruals basis and h8$ b88n classified Urer adingS Itt aggrat8 all cost related Its the aleqory. Wher8 $1s cannot diretuy aitribuied lo particular headings they have been allocated 10 activities on a basis consistent with th& us8 of resource5. 1d. Allocatlon And Apportionm•ni Of Costs AII c08ts reLgto to the singlè a¢tivity of the charrtae MpanY and are reeognised arxordingly. le. Fund Accounting Unre%lridÈd funds can bo US8d In gcwrdanc8 with the charitable obl8CtNe8 at the discretion of the trustees R88tri¢ied fvnd8 cfjn only be usad for particular restrictèd purposes within the obj8¢ts of th¥ charity. Reslrithons are when $pecffjd by the dontr orwhen funds a raised for particular r8slricied purlse9. vJnated funds are fund5 set aside by the trustee$ out of UnStriCted general fund5 for the $pecffj¢ fubjrè purposès or prol8¢ts. If. DepTeciatlon DepreciaiK)n has been provided at the fdlowing rates in order lo 118 off the assets overtheir estimated useful lives. Equipment raducing balanr 25% paoe 9
PRESBYfERIAN CHURCH OF GHANA, CALVARY CONGREGATION, LONDON 19. Turnover Turnover repr05ent& tho invoiced valu8 of gcods and swwces suppliod by the wrnpany, ng1 of value add8d tax trade di8counts. 2. TANG18LE FIXED ASSETS Flxtures an Flttln9S Equlpment Total Cost AI 0111212022 AI 3011112023 D8prèclatlon AI 0111212022 For the y8ar At 3011112023 N6t 8tsok Amounts AI 3011112023 AI 3011 Ir2022 1,000 1,000 9,396 9,396 10.396 10.396 1,OiJO 8,378 511 8.889 9,378 511 9,889 1.000 507 507 1,018 1,018 3. CREDITOR$-. AIIOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Bank loans and ovèrdrafts Oth8r cr8ditors 10,000 20,926 50,926 20.076 20.076 4. LIMITED BY GUARANTEE Th8 company is limited by guarantee and dowd not h8V6 a share capital. Each r[nber gives a guarantee lo o)ntribJte a gJrn not exGeeding ££1.CQ, to the ¢ornpany shcyJld it be Wnd up. Al 3011112Q23 there w8r8 8 mernb8r8. pagè10
PRESBYfERIAN CHURCH OF GHANA. CALVARY CONGREGATION. LONDON S. UNRESTRICYED FUNDS Brought Incomln9 Outgoing ffoard resources re80urces Transfers Carrled forward General fund 67.080 67.080 76.018 76,018 153,5491 114.0351 7S.614 153.5491 _I14:035j 75.514 6. RESTRICTED FUNDS Brought IAcomlng Outgolng forward roSou•S r•$oure•• Transfors Carriod fward Men'$ Fdlowsip Singing Band Choir YAAF Welfare Wotnen's Fellowship 2.685 1.885 1,251 520 5,493 522 Iso) 12.306 350 60 3.035 1,595 975 1.247 14.0 5.489 1501 27,191 13501 12761 461 9,407 4.167 800 BSPG 1,476 1626 14.035 M•n's F611owslp Funds raised by th8 men for 8Ctivitres innDecl10n with the men Singing Band Funds raised bythe Singing Band for the nefits of the sl01n9 band Chotr Funds rais by the Choir forthe a¢livilies in conn8Ction with the Ch(xr YAAF Funds raised by tt)e Youth in CneI0 with thg 8Ctivilie$ of the youth Welfirg Fun45 raised ftr the rel1 of poverty in the church 8nd in tho ¢omrnunity Wom8n's Fellowship Funds raised by Ihe women fcr th& octivites lated to Ihe women BSPG Funds raised ft)r tho acaivilies in ¢onnection ¥wth the Bible siudh Building Fund Funds raised toard8 the purchase of worship c8nlre page11
PRESBYTERIAN CHURCH OF GHANA, CALVARY CONGREGATION. LONDON InGomlng R680urco8 for the yoar ond8d 3011112023 2023 2022 Incomlng resources Incomin9 re50urcg5 from generated fvnds S¢Jndry don¢ion$ General offering Harw88t Tithos Thank$giviNJ Womens Felowship incom8 Men's Fellowship YAAF Singing band Choir Gift Aid Mod$rato¢$ Club 14.462 14.615 25,334 3,197 800 349 266 60 70,081 2,945 12.272 4.100 106 555 120 1,656 14,187 490 73.780 31,963 77.270 77.494 31,972 page 12
PRESBYfERL4N CHURCH OF GHANA, CALVARY CONGREGATION, LONDON E¥p6nse$ for thè year endèd 3011112023 2023 2022 Exponses Costs of g8n6rating fvnds Cha¥lt8bl• Activities PROMOTION OF RELIGION Women'$ Fellowship Welfare District è888ssmenl Pr8aching fees RefTr.5hrnensl & X'mas party Band exp&nses Youth Camp experws Don8th)n Church expense8 R8nt Calachist exponses Repairs £nd renewals Gift Aid aggnvs ¢ornmk8sion Travelling & rnotor expenses PrOfe8nal fee5 Stationery & offica supples Telephon8 Bank ¢harges Depreciation of band and othor 8quipn*nt 5,815 11,000 2,050 2.992 5,760 3.714 2.0 1,778 7.820 2,750 3.348 30,226 700 7,433 6.805 3,6S) 963 6,600 3,500 3.693 2,503 2.999 475 215 775 511 511 52,678 54,175 54.175 52,678 page 13