2023-03-31-accounts - Evangelical Presbyterian Church, Ghana (United Kingdom)

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REGISTERED COMPANY NUMBER: 07597348 (England and Wales) REGISTERED CHARITY NUMBER: 1142769

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

		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
Detailed Statement of Financial Activities	13	to	14

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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.

Organising Sunday Service for religious worship and teaching
Organising Community outreach events and Evangelism
Provision of welfare support for members
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)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 A AYIDA P S BUAKUMA A AZANU

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)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 21 January 2024 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 2023.

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:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
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
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

Abudey & Company First Floor 14-16 Powis Street Woolwich London SE18 6LF

Date: .............................................

Page 4

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 112,336 Investment income 3 12,952 Total 125,288 EXPENDITURE ON Raising funds 4 36,470 Charitable activities 5 Charitable Activities 34,419 Other 16,578 Total 87,467 NET INCOME 37,821 RECONCILIATION OF FUNDS Total funds brought forward 492,803 TOTAL FUNDS CARRIED FORWARD 530,624	2022 Total funds £ 119,516 10,708
	130,224
	24,390 19,889 9,080
	53,359
	76,865 415,938
	492,803

The notes form part of these financial statements

Page 5

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

BALANCE SHEET 31 MARCH 2023

2023 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 280,706 CURRENT ASSETS Cash at bank 252,998 CREDITORS Amounts falling due within one year 11 (3,080) NET CURRENT ASSETS 249,918 TOTAL ASSETS LESS CURRENT LIABILITIES 530,624 NET ASSETS 530,624 FUNDS 12 Unrestricted funds: EP Church 530,624 TOTAL FUNDS 530,624	2022 Total funds £ 281,008 214,887 (3,092) 211,795 492,803 492,803 492,803 492,803

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 21 January 2024 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 2023

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	2023 £ 10,385 - 81,169 9,503 6,445 4,834 112,336	2022 £ 6,745 34,937 72,570 4,099 150 1,015
		119,516

continued...

Page 7

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Rent & Other Expenses
Stipends and Allowance
Visiting Ministers 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

2023
2022
£
£
10,200
10,697
2,752
11
12,952
10,708
2023
2022
£
£
11,673
7,550
2,490
1,300
2,918
1,800
3,794
3,829
106
184
4,352
1,383
7,537
4,744
3,600
3,600
36,470
24,390
Support
Direct
costs (see
Costs
note 6)
Totals
£
£
£
32,199
2,220
34,419
Governance
costs
£
2,220
2023
2022
£
£
302
403

continued...

Page 8

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	funds
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	119,516
Investment income	10,708
Total	130,224
EXPENDITURE ON
Raising funds	24,390
Charitable activities
Charitable Activities	19,889
Other	9,080
Total	53,359
NET INCOME	76,865
RECONCILIATION OF FUNDS
Total funds brought forward	415,938
TOTAL FUNDS CARRIED FORWARD	492,803

continued...

Page 9

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10. TANGIBLE FIXED ASSETS

Fixtures Freehold and property fittings £ £ COST At 1 April 2022 and 31 March 2023 279,799 3,193 DEPRECIATION At 1 April 2022 - 3,193 Charge for year - - At 31 March 2023 - 3,193 NET BOOK VALUE At 31 March 2023 279,799 - At 31 March 2022 279,799 - 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 12. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds EP Church 492,803 TOTAL FUNDS 492,803 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds EP Church 125,288 TOTAL FUNDS 125,288	Church equipment Totals £ £ 8,555 291,547 7,346 10,539 302 302 7,648 10,841 907 280,706 1,209 281,008 2023 2022 £ £ 3,080 3,092 Net movement At in funds 31.3.23 £ £ 37,821 530,624 37,821 530,624 Resources Movement expended in funds £ £ (87,467) 37,821 (87,467) 37,821	Totals £ 291,547	Totals £ 291,547
		10,539 302
		10,841
		280,706
		281,008
		2022 £ 3,092 At 31.3.23 £ 530,624	2022 £ 3,092
		530,624
		37,821

continued...

Page 10

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds EP Church TOTAL FUNDS	At 1.4.21 £ 415,938 415,938	Net movement in funds £ 76,865 76,865	At 31.3.22 £ 492,803
			492,803

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds EP Church TOTAL FUNDS	Incoming resources £ 130,224 130,224	Resources Movement expended in funds £ £ (53,359) 76,865 (53,359) 76,865	Resources Movement expended in funds £ £ (53,359) 76,865 (53,359) 76,865
			76,865

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds EP Church TOTAL FUNDS	At 1.4.21 £ 415,938 415,938	Net movement in funds £ 114,686 114,686	At 31.3.23 £ 530,624
			530,624

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 £ 255,512 255,512	Resources Movement expended in funds £ £ (140,826) 114,686 (140,826) 114,686	Resources Movement expended in funds £ £ (140,826) 114,686 (140,826) 114,686
			114,686

continued...

Page 11

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 12

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS Donations and legacies Church Annual Dues HMRC Charities Gift aid Tithes, Offering &Thanksgiving Sundry Income & Donations Annual Harvest Income Church Groups Income Investment income Rents received Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Rent & Other Expenses Stipends and Allowance Visiting Ministers Expenses General Church Expenses Printing, Post & Reproduction Website Hosting & IT Services Flight and Travel for Clergy Accommodation & Catering Clergy Charitable activities Welfare Support & Expenses Donations to other societies Presbytery EPC University College Fund Other Church Group Expenses Social Expenses Awards and Appreciations Bank charges and interest Depn of church equipment	2023 £ 10,385 - 81,169 9,503 6,445 4,834 112,336 10,200 2,752 12,952 125,288 11,673 2,490 2,918 3,794 106 4,352 7,537 3,600 36,470 20,944 3,430 7,825 - 32,199 3,114 7,947 4,950 265 302 16,578	2022 £ 6,745 34,937 72,570 4,099 150 1,015
		119,516 10,697 11
		10,708
		130,224 7,550 1,300 1,800 3,829 184 1,383 4,744 3,600
		24,390 8,675 100 7,694 1,200
		17,669 495 3,502 4,280 400 403
		9,080

This page does not form part of the statutory financial statements

Page 13

EVANGELICAL PRESBYTERIAN CHURCH, GHANA (UNITED KINGDOM)

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
Support costs Governance costs Accountancy and legal fees Total resources expended Net income	2023 £ 2,220 87,467 37,821	2022 £ 2,220
		53,359
		76,865

This page does not form part of the statutory financial statements

Page 14