**REGISTERED COMPANY NUMBER: 07597348 (England and Wales) REGISTERED CHARITY NUMBER: 1142769**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **FOR**
**EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
**EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|12|
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM) (REGISTERED NUMBER: 07597348)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
a) Policies and Objectives
The objects of the Charity to be carried out for Public Benefit are:-
1) The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in Schedule
2) the relief of poverty
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on Public Benefit in particular its supplementary public guidance on the advancement of religion for public benefit.
b) Strategies for achieving objectives
The church has adopted the following strategies for achieving the above objectives:
Organisation of seminars in the church with proven speakers and ministers of faith to guide members in various aspects of the Christian faith
Support for other charities Christian events
Setting up different internal departments to minister to the members and outsiders in various outreaches and family park events and youth activities to affect our community positively
## **Significant activities**
Sunday Service Community outreach events Provision of welfare support for members Opening of new branches
## **Public benefit**
The charity has continued to provide benefits to the public in the manner describe below.
1. Organising Sunday Service for religious worship and teaching
2. Organising Community outreach events and Evangelism
3. Provision of welfare support for members
4. Opening of new branches for spreading the good news of Jesus Christ
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
General charitable purposes The prevention or relief of poverty Overseas aid Religious activities
## **Investment performance**
The trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangement should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
Page 1
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM) (REGISTERED NUMBER: 07597348)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
## **FINANCIAL REVIEW**
## **Reserves policy**
The Commission requires charities to determine and explain their policy for reserves. The trustees have reviewed its free reserve policy and have turned its entire free unrestricted fund into an emergency fund to enable E P Church to meet its obligations in event of a shortfall in income or sudden upturn in expenditure.
Furthermore the trustees meet quarterly to review their reserve level. If the value of the reserves falls below a level unacceptable to the trustees, then appropriate action will be taken immediately to rectify the situation.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
Trustees' are appointed by a resolution of existing trustees and co-opted under the terms of the Trust Deed. Each trustee is required to assent to the doctrinal basis of the trust.
## **Organisational structure**
The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.
## **Wider network**
The charity is a member of the E P Church which has its headquarters in Ho, Volta Region in Ghana.The Charity's relationship with headquarters is governed by an "Agreement for Common Purposes". Under the Common Purposes Agreement, the charity has agreed to make an annual contribution to Ho. headquarters.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
07597348 (England and Wales)
## **Registered Charity number**
1142769
## **Registered office**
14 BRUNEL CLOSE LONDON SE19 3AE
## **Trustees**
G S GATI MS A Y A MENKA REV S A TSEKPO Chairperson
## **Company Secretary**
MS A Y A MENKA
## **Independent Examiner**
Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF
Page 2
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM) (REGISTERED NUMBER: 07597348)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 27 December 2021 and signed on its behalf by:
REV S A TSEKPO - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **Independent examiner's report to the trustees of EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM) ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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 accounts to be reached.
MR SYMON ABUDEY FAIA Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF
27 December 2021
Page 4
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021**
|2021
Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
118,862
Investment income
3
8,891
**Total**
127,753
**EXPENDITURE ON**
Raising funds
4
11,007
**Charitable activities**
5
Charitable Activities
10,659
Other
17,068
**Total**
38,734
**NET INCOME**
89,019
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
326,919
**TOTAL FUNDS CARRIED FORWARD**
415,938|2020
Total
funds
£
114,697
2,124|
|---|---|
||116,821
26,582
10,970
15,764|
||53,316|
||63,505
263,414|
||326,919|
The notes form part of these financial statements
Page 5
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM) (REGISTERED NUMBER: 07597348)**
## **BALANCE SHEET**
## **31 MARCH 2021**
|2021
Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
10
280,309
**CURRENT ASSETS**
Cash at bank
137,849
**CREDITORS**
Amounts falling due within one year
11
(2,220)
**NET CURRENT ASSETS**
135,629
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
415,938
**NET ASSETS**
415,938
**FUNDS**
12
Unrestricted funds:
EP Church
415,938
**TOTAL FUNDS**
415,938|2020
Total
funds
£
280,479
65,360
(18,920)
46,440
326,919
326,919
326,919
326,919|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 December 2021 and were signed on its behalf by:
S A TSEKPO - Trustee
The notes form part of these financial statements
Page 6
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Fixtures and fittings|- 15% on reducing balance|
|---|---|
|Church equipment|- 25% on reducing balance|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|Church Annual Dues
HMRC Charities Gift aid
Tithes, Offering &Thanksgiving
Sundry Income & Donations
Annual Harvest Income
Church Groups Income|2021
£
9,259
-
102,763
4,115
1,300
1,425
118,862|2020
£
13,412
30,096
42,440
10,074
12,544
6,131|
|---|---|---|
|||114,697|
continued...
Page 7
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
|**3.**
**INVESTMENT INCOME**
Rents received
Deposit account interest
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Rent & Other Expenses
Insurance
Visiting Ministers Expenses
Annual Harvest Expenses
General Church Expenses
Printing, Post & Reproduction
Website Hosting & IT Services
Flight and Travel for Clergy
Accommodation & Catering Clergy
**5.**
**CHARITABLE ACTIVITIES COSTS**
Charitable Activities
**6.**
**SUPPORT COSTS**
Charitable Activities
**7.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|2021
2020
£
£
8,875
-
16
2,124
8,891
2,124
2021
2020
£
£
1,853
12,627
185
-
-
1,540
-
828
-
2,106
225
40
144
113
5,000
5,728
3,600
3,600
11,007
26,582
Support
Direct
costs (see
Costs
note 6)
Totals
£
£
£
8,439
2,220
10,659
Governance
costs
£
2,220
2021
2020
£
£
170
227|
|---|---|
continued...
Page 8
**EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||funds|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|114,697|
|Investment income|2,124|
|**Total**|116,821|
|**EXPENDITURE ON**||
|Raising funds|26,582|
|**Charitable activities**||
|Charitable Activities|10,970|
|Other|15,764|
|**Total**|53,316|
|**NET INCOME**|63,505|
|**RECONCILIATION OF FUNDS**||
|**Total funds brought forward**|263,414|
|**TOTAL FUNDS CARRIED FORWARD**|326,919|
continued...
Page 9
## **EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **10. TANGIBLE FIXED ASSETS**
|Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2020 and 31 March 2021
279,799
3,193
**DEPRECIATION**
At 1 April 2020
-
3,193
Charge for year
-
-
At 31 March 2021
-
3,193
**NET BOOK VALUE**
At 31 March 2021
279,799
-
At 31 March 2020
279,799
-
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
At 1.4.20
£
**Unrestricted funds**
EP Church
326,919
**TOTAL FUNDS**
326,919
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
EP Church
127,753
**TOTAL FUNDS**
127,753|Church
equipment
Totals
£
£
7,453
290,445
6,773
9,966
170
170
6,943
10,136
510
280,309
680
280,479
2021
2020
£
£
-
17,600
2,220
1,320
2,220
18,920
Net
movement
At
in funds
31.3.21
£
£
89,019
415,938
89,019
415,938
Resources
Movement
expended
in funds
£
£
(38,734)
89,019
(38,734)
89,019|Totals
£
290,445|Totals
£
290,445|
|---|---|---|---|
|||9,966
170||
|||10,136||
|||280,309||
|||280,479||
|||2020
£
17,600
1,320
18,920
At
31.3.21
£
415,938|2020
£
17,600
1,320|
||||18,920|
|||415,938||
|||89,019||
continued...
Page 10
**EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1.4.19
£
**Unrestricted funds**
EP Church
263,414
**TOTAL FUNDS**
263,414
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
EP Church
116,821
**TOTAL FUNDS**
116,821|Net
movement
At
in funds
31.3.20
£
£
63,505
326,919
63,505
326,919
Resources
Movement
expended
in funds
£
£
(53,316)
63,505
(53,316)
63,505|At
31.3.20
£
326,919|
|---|---|---|
|||326,919|
|||63,505|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
EP Church
**TOTAL FUNDS**|At 1.4.19
£
263,414
263,414|Net
movement
in funds
£
152,524
152,524|At
31.3.21
£
415,938|
|---|---|---|---|
||||415,938|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
EP Church
**TOTAL FUNDS**|Incoming
resources
£
244,574
244,574|Resources
Movement
expended
in funds
£
£
(92,050)
152,524
(92,050)
152,524|Resources
Movement
expended
in funds
£
£
(92,050)
152,524
(92,050)
152,524|
|---|---|---|---|
||||152,524|
continued...
Page 11
**EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2021.
Page 12