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
6
**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.
1. Organising Sunday Service for religious worship and teaching
2.
Organising Community outreach events and Evangelism
3.
Provision of welfare support for members
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**EVANGELICAL PRESBYTERIAN CHURCH, GHANA**
**TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 March 2024
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 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:
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
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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|
18
**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||-|
20