## **GREATER WORKS CHAPEL INTERNATIONAL**
**26 TENNISON WAY MAIDSTONE KENT ME15 9GE**
## **CHARITY NUMBER 1131578**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
**AJN & CO LTD CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS**
**2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY**
## **GREATER WORKS CHAPEL INTERNATIONAL**
|**REFERENCE AND**|**ADMINISTRATIVE DETAILS OF THE CHURCH, ITS TRUSTEES AND ADVISORS**|
|---|---|
||**FOR THE YEAR ENDED 31 DECEMBER 2024**|
|**TRUSTEES:**|Pastor Benjamin Acheampong|
||Mr Kojo Sam-Brew|
||Mrs Regina Acheampong|
|**SECRETARY:**|Miss Krystal Mclntosh|
|**CHARITY NUMBER:**|1131578|
|**BANKERS:**|Barclays Bank PLC|
||1 Churchill Place|
||London E14 5HP|
|**ACCOUNTANTS:**|AJN & CO LTD|
||Chartered Certified Accountants & Business Advisors|
||2 Silver Streak Way|
||Strood|
||Rochester ME2 2GY|
|**CONTENT:**|1. Trustees' Report|
||2. Accountant's Report|
||3. Statement of Financial Activities|
||4. Balance Sheet|
||5. Notes to the Accounts|
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **TRUSTEES REPORT**
The Trustees have pleasure in submitting their report, and accounts for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 5, and comply with the Statement of Recommended Practice and applicable law.
## **Constitution, objective of the charity, principal activities and organisation of our work**
The charity is constituted under a trust deed dated 4th July 2008 and is a registered charity number 1131578.
The objectives of the charity as set out in the Declaration of Trust are:
(a) The advancement of the Christian faith and
(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.
(c) Such other exclusively charitable purposes as the trustees may see fit.
The church was involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.
## **Public benefits, development, activities and achievements in the year**
When planning our activities in the year, the trustees considered the Charities Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We helped ordinary people in the community to live out their faith through worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus Christ.
Our church activities are back to normal due to the lifting of Covid-19 restrictions. The Men's, Women's and Youth's Ministries Summits were held live in church and it was very successful as many people gave their lives to Jesus Christ. We were also able to organise our yearly International and Family Celebration Day, Our 3 days Empower to Dominate, Christmas Black Tie Dinner for the community. We also had our CrossOver Night, Pastors and Leaders Summit, Training Day for Church Leaders, Church Retreat and Church members visitations during the year.
## **Review of the financial position**
The net incoming resources for the year amounted to a surplus of £8,436 all of which was attributable to the general reserves.
## **Board of Trustees**
The members of the board of trustees during the year were Pastor Benjamin Acheampong Mr Kojo Sam-Brew Mrs Regina Acheampong
## **Approval**
This report was approved by the board of trustees and signed on its behalf by:
Pastor Eric Nii Ankonu Otoo
Dated
1
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREATER WORKS CHAPEL INTERNATIONAL**
I report on the Financial Statements of the charity for the year ended 31st December 2024 which are set out below:
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed.
It is my responsibility to :
- examine the accounts under section 145 of the 2011 Act,
- follow the procedures laid down in the general Directions given by the Charity Commission
- [ under section 145(5)(b) ] of the 2011 Act, and
- state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Trust and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matter.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention :-
- 1) which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply accounting requirements of the 2011 Act have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Isaac Addai FCCA, FFA/FIPA, MBA(Finance), BA(Hons)** Dated **AJN & CO LTD**
**CHARTERED CERTIFIED ACCOUNTANTS & BUSINESS ADVISORS 2 SILVER STREAK WAY STROOD ROCHESTER ME2 2GY**
**2**
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**Notes**
**Incoming Resources**
**Incoming resources from generated funds**
Voluntary income
1.3
HMRC Gift Aid
2
Bank Interest Received
**Total Incoming Resources**
**Resources Expended**
_Cost of generating funds_
Cost of generating voluntary funds
**4**
Charitable Activities
**5**
Governance costs
**6**
**Total resources expended**
**Net movement in funds**
**Reconciliation of funds**
**Total funds brought forward**
**Total funds carried forward**|**2024**
**2023**
**£**
**£**
28,518
19,574
10,166
3,151
-
31
38,684
22,756
180
82
29,618
18,111
450
450
30,248
18,643
8,436
4,114
12,109
7,996
**20,545**
**12,109**
**Unrestricted**|**2024**
**2023**
**£**
**£**
28,518
19,574
10,166
3,151
-
31
38,684
22,756
180
82
29,618
18,111
450
450
30,248
18,643
8,436
4,114
12,109
7,996
**20,545**
**12,109**
**Unrestricted**|
|---|---|---|
|||22,756|
|||82
18,111
450|
|||18,643|
|||4,114
7,996|
|||**12,109**|
There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.
The notes on pages 5 to 8 form part of these accounts.
3
## **GREATER WORKS CHAPEL INTERNATIONAL**
|**BALANCE SHEET AS AT 31ST DECEMBER 2024**|**BALANCE SHEET AS AT 31ST DECEMBER 2024**|||
|---|---|---|---|
|**FIXED ASSETS**
Equipment
**CURRENT ASSETS**
Debtors
Cash in hand & Bank
**LESS CREDITORS:**
**Amounts falling due within one year**
**NET CURRENT ASSETS / LIABILITIES**
**TOTAL ASSETS LESS CURRENTS LIABILITIES**
**NET ASSETS**
**MEMBERS ACCUMULATED FUNDS**
Unrestricted Funds
Approved by the Board of Trustees and signed on its behalf by|**Notes**
**3**
**8**
**9**
**11**|**2024**
**£**
2,503
2,249
27,387
29,636
(11,593)
18,043
20,545
**20,545**
20,545
**20,545**|**2023**
**£**
853
249
22,601|
||||22,850
(11,593)|
||||11,257|
||||12,109|
||||**12,109**|
||||12,109|
||||**12,109**|
|||||
Trustee Dated
**4**
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## 1. **Accounting Policies**
## 1.1 **Basis of preparation of accounts**
The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice forCharity Accounts.
The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.
## **1.2 Tangible Fixed Assets for use by the Charity and Depreciation.**
Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assests, less their estimated residual value, over their expected useful lives on the following basis;
Equipment fixtures and fittings 25% per annum.
## **1.3 Incoming Resources**
Income from Tithes and Offerings, Grants and Other Income are included in incoming resources when they are receivable.
## **1.4 Value Added Tax**
Value Added Tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.
## **2 Tax reclaims on donations and gifts**
Gift aid receivable is included in income when there is valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the as the initial donation unless the donor or the terms of the appeal have specified otherwise.
## **3. Investment Income**
Investment income consists of net interest received during the period.
5
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**3.Tangible Fixed Assets**
**Cost as at 1st January 2024**
Additions during the year
At 31st December 2024
**Depreciation as at 1st January 2024**
Charge for the year
At 31st December 2024
**Net Book Value at 31st December 2024**
**Net Book Value at 31st December 2023**
**4. Cost of Generating Voluntary Income**
Adverts & Publicity
**5. Charitable Activities**
Rent & Rates
Telephone & Internet
Evangelism & Mission
Honorarium
Donation to Charities
Welfare and Love Gifts
Travelling & Motor Expenses
Printing, Postage and Stationery
Repairs & Renewals
Software
Pastoral Allowance
Volunteers Expenses
Depreciation
Subscription & Licence
Professional fees
Meeting cost (Zoom)
Website cost
Insurance
Training|**Equipmt,**
**Fixtures**
**Total**
**& Fittings**
**2024**
£
£
5,029
5,029
2,484
2,484
7,513
7,513
4,176
4,176
834
834
5,010
5,010
**2,503**
**2,503**
**853**
**853**
**Unrestricted**
**Total**
**Total**
**Fund**
**2024**
**2023**
**£**
**£**
**£**
180
180
82
**180**
**180**
**82**
**2024**
**2023**
**£**
**£**
5,430
2,411
360
360
8,913
3,905
1,548
1,560
225
150
1,280
950
583
1,229
783
841
615
210
132
132
1,670
1,463
1,160
1,300
834
284
150
150
2,671
385
1,022
2,087
1,280
548
378
145
584
-
29,618
18,111
**Total**
**Unrestricted Funds**||**Equipmt,**
**Fixtures**
**& Fittings**|**Total**
**2024**
£
5,029
2,484|
|---|---|---|---|---|
||||
£
5,029
2,484||
||||7,513|7,513|
||||4,176
834|4,176
834|
||||5,010|5,010|
|||||**2,503**
**853**
**Total**
**2023**
**£**
82|
||**180**|||**82**|
||||||
|||||18,111|
6
## **GREATER WORKS CHAPEL INTERNATIONAL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
|**6. Governance Costs**
Accountancy|**2024**
£
450
450|**2023**
**£**
450|
|---|---|---|
|||450|
## **7. Trustee Remuneration**
No trustee has received remuneration in the year. No trustee has had expenses reimbursed in the year. There were no staff costs and emoluments and thus no employee whose emoluments exceeded £60,000
|**8. Debtors**
Social Security
Rent Deposit
Other debtors
**9.** **Creditors: Amount falling due within one year**
Other Creditors
Accruals|**2024**
£
49
200
2,000
2,249
**2024**
£
11,143
450
11,593|**2023**
**£**
49
200
-|
|---|---|---|
|||249|
|||**2023**
**£**
11,143
450|
|||11,593|
## **10. Net Movement in Funds for the Period**
|The net movement in funds for the period is stated after charging:
Depreciation of tangible fixed assets - for use by the charity
Accountancy Fee
**11.Analysis of Net Assets between funds**
Unrestricted Funds:|**Equipment**
**Fixtures**
**& Fittings**
**2,503**|**2024**
**2023**
£
£
834
284
450
450
**Net Current**
**Assets less**
**Liabilities**
**2024**
**2023**
£
£
**18,043**
**20,545**
**12,109**
**Total**|
|---|---|---|
||||
**7**