Registered Charity Number :- 1142769
EVANGELICAL PRESBYTERIAN CHURCH, GHANA a Charitable Incorporated Organisation
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
EVANGELICAL PRESBYTERIAN CHURCH, GHANA 14 BRUNEL CLOSE
LONDON
EVANGELICAL PRESBYTERIAN CHURCH, GHANA
CONTENTS
FOR THE YEAR ENDED 31 March 2024
REFERENCE AND ADMINISTRATIVE INFORMATION ........................................................................................... 3 TRUSTEES' REPORT ....................................................................................................................................................... 5 OBJECTIVES AND ACTIVITIES ................................................................................................................................... 5 ACHIEVEMENT AND PERFORMANCE ....................................................................................................................... 8 ............................................................................................................................................................................................ 8 FINANCIAL REVIEW ...................................................................................................................................................... 9 STRUCTURE, GOVERNANCE AND MANAGEMENT ............................................................................................... 9 INDEPENDENT EXAMINER'S REPORT ..................................................................................................................... 11 STATEMENT OF FINANCIAL ACTIVITIES .............................................................................................................. 13 BALANCE SHEET ......................................................................................................................................................... 14 NOTES TO THE FINANCIAL STATEMENTS ............................................................................................................ 15
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
REFERENCE AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 March 2024
Trustees MR. ANNI AYIDA
MR. ANTHONY AZANU
MR. GEORGE GATI
MR. PHILIP BUAKUMA REV. S A. TSEKPO
Charity Registered Number: 1142769
Registered Office 14 Brunel Close LONDON SE19 3AE
Independent Examiner
Abudey & Company
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EVANGELICAL PRESB YTERL4N CHURC GHANA REFERENCE AND ADMINISTIL4TIVE INFORMATION FOR THE YEAR ENDED 31 March 2024
EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
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 2024. 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
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
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
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
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
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
- 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 ininterest
bearing accounts.
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
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.
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2024
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.
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 27/01/2025 and signed on its behalf by:
REV S A TSEKPO - Trustee
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2024
Independent examiner's report to the trustees of EVANGELICAL PRESBYTERIAN CHURCH, GHANA
(UNITED KINGDOM) ('the Company')
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
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2024
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: 27/01/2025
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Investments 3 Other 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 8 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 185,393 185,393 110,254 13,089 13,089 10,200 3,612 3,612 4,834 |
|---|---|
| 202,094 202,094 125,288 |
|
| 66,153 66,153 41,685 69,195 69,195 34,419 13,820 13,820 11,363 |
|
| 149,168 149,168 87,467 |
|
| 52,926 52,926 37,821 |
|
| 52,926 52,926 37,821 37,821 37,821 - |
|
| 90,747 90,747 37,821 |
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Fixed assets Tangible assets 9 Total fixed assets Current assets Cash at bank and in hand 10 Total current assets Creditors: amounts falling due within one year 11 Net current assets/(liabilities) Total net assets or liabilities Funds of the Charity Unrestricted funds 12 Restricted income funds 12 Endowment funds 12 Revaluation reserve Total funds |
Unrestricted funds £ Total Funds 2024 £ Total Funds 2023 £ 280,479 280,479 280,706 |
|---|---|
| 280,479 280,479 280,706 |
|
| 305,405 305,405 252,998 305,405 305,405 252,998 2,336 2,336 3,081 303,069 303,069 249,917 |
|
| 583,548 583,548 530,623 |
|
| 90,747 90,747 37,821 - - - - 530,624 530,624 492,803 |
|
| 621,371 621,371 530,624 |
The financial statements were approved by the Board on 27/01/2025 and signed on its behalf by:
REV TSEKPO TRUSTEE
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2 Income from Donations and Legacies
| Analysis Annual Harvest Income Church Annual Dues Deposit account interest Sundry Income & Donations Tithes Offering &Thanksgiving |
Unrestricted funds £ 5,227 8,951 5,880 22,242 143,093 185,393 |
Total funds 2024 £ 5,227 8,951 5,880 22,242 143,093 185,393 |
Total funds 2023 £ 6,445 10,385 2,752 9,503 81,169 |
|---|---|---|---|
| 110,254 |
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
3 Income from Investments
| Analysis Unrestricted funds £ Rents received 13,089 13,089 ther Income Analysis Unrestricted funds £ Church Groups Income 3,612 3,612 |
Total funds 2024 £ 13,089 13,089 Total funds 2024 £ 3,612 3,612 |
Total funds 2023 £ 10,200 |
|---|---|---|
10,200 |
||
| Total funds 2023 £ 4,834 4,834 |
4 Other Income
5 Expenditure on Raising Funds
| Analysis 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 Awards and Appreciations Bank charges and interest |
Total funds 2024 £ 21,192 3,741 4,350 11,727 848 7,285 10,608 5,154 800 448 66,153 |
Total funds 2023 £ 11,673 2,490 2,918 3,794 106 4,352 7,537 3,600 4,950 265 |
|---|---|---|
| 41,685 |
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
6 Expenditure on Charitable Activities
| Analysis Total funds 2024 £ Welfare Support & Expenses 20,288 Donations to other societies 36,730 Presbytery 9,417 Support Costs 2,760 69,195 |
Total funds 2023 £ 20,944 3,430 7,825 2,220 |
|---|---|
| 34,419 |
7 Support Costs
| Analysis Total funds 2024 £ Governance Costs Accountancy and legal fees 2,760 2,760 ther Expenditure Analysis Unrestricted funds £ Church Group Expenses 5,901 Social Expenses 7,692 Church Equipment Depreciation 227 13,820 |
Total funds 2023 £ 2,220 |
Total funds 2023 £ 3,114 7,947 302 11,363 |
|---|---|---|
| 2,220 | ||
| Total funds 2024 £ 5,901 7,692 227 13,820 |
8 Other Expenditure
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
9 Tangible Fixed Assets
9.1 Cost or valuation
| 9.1 Cost or valuation | |||
|---|---|---|---|
| Freehold Land & Buildings | Church Equipment Cost |
||
| £ | £ | ||
| At 01 April 2023 | 279,799 | 8,555 | |
| Additions | - | - | |
| Disposals | - | - | |
| Revaluations | - | - | |
| Transfers | - | - | |
| At 31 March 2024 | 279,799 | 8,555 | |
| 9.2 Amortisation and | impairments | ||
| Freehold Land & Buildings | Church Equipment Cost | ||
| £ | £ | ||
| At 01 April 2023 | - | 7,648 | |
| Additions | - | 227 | |
| Disposals | - | - | |
| Revaluations | - | - | |
| Transfers | - | - | |
| At 31 March 2024 | - | 7,875 | |
| 9.3 Net book value | |||
| Freehold Land & Buildings | Church Equipment Cost | ||
| £ | £ | ||
| At 01 April 2023 | 279,799 | 907 | |
| At 31 March 2024 | 279,799 | 680 |
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
10 Cash at bank and in hand
| Bank Account 11383868 Bank Account 11383876 Bank Account 84025568 Bank MM 50822809 Account 81698550 Account 43778428 Account 73810992 |
Total funds 2024 £ 46,918 17,186 76,207 131,292 25,510 1,682 6,610 305,405 |
Total funds 2023 £ 38,928 3,902 84,562 125,606 - - - |
|---|---|---|
| 252,998 |
11 Creditors: Amounts falling due within one year
| Accrued expenses | Total funds 2024 £ 2,336 2,336 |
Total funds 2023 £ 3,081 |
|---|---|---|
| 3,081 |
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EVANGELICAL PRESBYTERIAN CHURCH, GHANA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
12 Charity funds
12.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names Fund balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| General Fund - |
202,093 | (149,168) | - | - | 52,925 | |
| 37,821 | - | - | - | - | 37,821 | |
| Total 37,821 |
202,093 | (149,168) | - | - | 90,746 | |
| 12.2 | Details of material funds held and movements during the | PREVIOUS reporting period | ||||
| Fund names Fund balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted funds | ||||||
| - | 125,288 | (87,467) | - | - | 37,821 | |
| Total - |
125,288 | (87,467) | - | - | 37,821 |
12.3 Transfers between funds This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - | |
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
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