Registered number. 1145139 Ch3rity number 1145139 Pmbytorian Chw¢h of Ghana Anointsd Congrngatlon UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31IIW2021 AL Aco)unlants 70 Annala• Road RM1568Z
Presbyterian Church of Ghana An05nt C(ryrègation FINANCIAL STATEMEKrs FOR THE YEAR ENDED 3111212021 TRUSTEES Chail8s Ayim Marl Apea Boateng Phyllis An8ng Dr y.aw Ohene-Abuakwa Ma" OwusLE Heleia KonadLt R¢)SE Mann Boye- Doe REG STEREO OFFICE 64 L< mbert Road Lond)n SW1115BJ COM?ANY NUMBER 1145,139 CHAItITY NUMBER 1145139 ACC()UNTANTS AL Accountants 70 Annalee Road SoLrth Od(endon Essex RM15 58Z pag8 1
Pr*t•riaTr chUh of Ghana Anolnted Congr8gatlon ACCOUNTS FOR THE YEAR ENDED 3111J2021 COI4TENTS Report of the Trustees Page Independent Examinerfs Statement AcUntantS Report stati.rwl of Finanryal Alt$ Bala1 Sheet 10 Note> to the Accounts 12to17 Deta led StateTrenl of FinarK4d AthilEs 15
Pre8bytsriaTr Church of Ghan• Anolnted cregatiOn OPERATING AND FINANCIAL REVIEW FOR THE YEAR ENDED 3111212021
Presbyterian Clrch of Ghana Anolnt•d C¢xwro98tion FOR THE YEAR ENDED 31112r2021 TrUSTEES' REPORT TRUSTEE8 ANNUAL REPORT YEAR ENDED 31 DECEMBER 2021 The Trustoe8 present ther nUal rnport aThJ the exwnined finCId 8t•temants for the yo4r end 31 Decamber 2021 The Inancial statemènts c4)mpty with ¢mnt ststuw fv]uirnnwnts. th• PCG Crtlts. apFIK¥blg Acajuntlng Standa9 in the Unit¢xl Kingdom, tho Slatem8nl of R•¢omm8nd6d Pr8¢1ice'Ctiarrtw SORP FRS 102). efhcl¥• 1 January 2015 the Chaiitie8 AGt 2011. STA:"US AND ADMINISTTIoN Gharamma wa$ i•gi8tered the Ch8ty ComnMs¥ion # a dwty on 19 Dec)•r 2011 l¢hty rtratIl number (11451391. The iame was changad to Prosbytthlan Chwch c Ghan8 Antsintwj CLywregakn on 201h S•pttrnb•r 2021 at tho Charty Cominl8Blon's website, PRINCIPAL ACTMTY OBJE CTIVES The n1ain oblectfvo ofth• Chur¢h 1$ lo advance th• Chmtvin rdiw). 8lNo Kl•als arKI n[pIeS of ttKI Prn8bytsdan Church. To pn)rnole and enhanc8 Ihe quahty of the spiritual Irfe of nwmb8r8 of tho cl1 thmugh bible 8iudi•s, leathlngB and dl8>J88lon8. The InJsle8s refer to th• Ch8ritbs Comml¥8lon'8 gUIdCe on wo¥i8w of rlIC as btssl guld8 and Pract1 lo follow. Tho advancement of rellgion is a rn¢gni8ed ¢th8rit8blg STRLCTURE GOVERNANCE AND PA4NAGEMEMY The tharfty 1$ govgm•d by it$ c¥)n8thrf1on Adowed on 24 ALY4u 1995 Th• Eoard of Truste mnage affdr8 of x#J arn resp8>19 for 8dYng th• 8trat•9k ithroc¥c and i>)11rA of th• charity,. The TruSlees are elect from th ¢ThYdryti by th• •ntiro m•mbw•l ofth& Church Itvwh a 8e(¥8t balbt. Thoy ¥erve for a rArlod offour yw •r• •kglbb for rMtion for •nothar folr.year lerm. The Twstse8 and manage the day4W 0MI•S ofthe Cmrch. In seliJ(Xing Indlvk1u818 for aFvoInin as th¥ity tru8tag8. the dwrlty tru8 must h•¥e rngwd to tho 8kllt•. knowledge and expertance n8ed&J for th• effec¥ adfflini81raiion ofts 18rlty. Tru8t•M meet Or a to dle<xws al matteT8. en r•qLlr8d. an emo19.ncy meetiThJ
Pre8bytsrian Church of Ghana Anolntod Congregatlon FOR THE YEAR ENDED 31112ra021 TRUSTEES. REpoirr can b¢ called outside the68 sthoduled mething& RISK MANAGEMENT The 13oard of Trustees h88 condLKl•d a revi cl the major ri¥k8 to tho dwlty exp)sed. The tnte&S r•o)gnise that arry majo. rfsks to whid) the charty 1$ PCl>ed n¢ed to bo rev1 and sy#ten ptrt to mitigate In ttme rdal•J to the op8r81k)n8 and finances of the d)arity. Slgnricant extem81 ri$k8 lo funding ha led th• Bowd ol Trust to impl•mgrt a pomry. tsking h)to •ccount, th• l•vel of kncome recepiable from ariouS 80ure•s, 10 888k •ath year. to matc incThM arKI exre a1 to avold •(y)Jmulallng 8 d8fidt 8uth IW Anolnted Pre•tFyterian Churth of Ghana b •ble to InU• tt8 op?ration$ su¢ces8fiJlly. Inlerral rf$ks are minlml8ed by th• Impmentskn of pror4dwM fly th• olall tran8wJlon# project• and by en$urOng con$l¥tent qualty of delivEry for all operalonal aspect ofthe charity. The8a prmlure8 are wlrdcaty r•vivApd to •nsure that they will meot tho M•d8 of the charfty. The t•port waB Par0d In a(thanc• 7•Alh IIK Ththin Part 15 ofth• Ccffipanlos Act 20CO. This rnport was apwov&J by tho Bowd ofTnMts8B 3C¥11Y2022 Chads Anlm Tru$l¢e ACHII.VEMENTS AND PERFORIMNCE Due lo Covld-19 and gov•mment guk4•lln¢8. w• ww• unabl• to •rtMo¥e th• WAI8 In ts year under reth.. i. To Id•nlify wJltoNo wor8hlp pr•nlse8 tr* F¥Jr¢hue. ii. To fijlly inwlement thè Congregational strurth. lil. To k)creaso Churth 1b81$haP thrrjjgh vark)us forms ofovaroeh'sm.
Prnslrytsrian Church of Ghana Anointod Congregation FOR THE YEAR ENDED 3111212021 TRUSTEES. REPORT . T• review all the lundiortal growJ$ of th8 Churth, iry#TrJ rw talents. sourcd from m8mber8. FUTURE PLANS Our ILrture plans for the ChLwth 4re.' l. To Ident 8uitable knr$Ip premises to Ncha8e. 11. Incr&a$o In Chuith Jnember8hip through varrou$ formB of ev8ngekn. ill. Revitalyie the Young P&9,$ Gulld IYPG) of th& thigrogakn. iv. To build a vibrant Church aNJ 81rong ffin•nc4al reswr(x8 19 onl6 u8 wcvshlp and pro¥idti communlty 4thit1o8. FINANCIAL REVIEW The tharty ha8 no malertal Inve$b Wbth th• exc¥b ofts used as 4 Th• rnaln wJrc88 offvndb for ts ChLwth ar• dues. tlthe& thk8 Offertn and annual hatv•¥ts from m•mbern durfng Sunday 88rvlces. RESERVE POLICY Th• &)•rd ofTru8t•w has eXned the ctharW8 for re8eM In rw Of mth tsk to Iho charity. 11 hal eblabll8h8d a pollcy whereby tho urwe8tri¢tsd funds herd by tho •htsJhJ b? 8 nM)th$ of foitluning ur4voldabl• opemlonal oxpendNur•. The r•8•N•8 ar• nO9d to meot the of tho th•rfty th• IN8tw aro nfidn1 that al this l•v•l tr)ey would bg 8ble lo clIn thè ent thits•s ofth• 011 in th• e¥ent of 8 nlft(wt drop kn irK))mo. Th¥ Tru8le8, havnig 888•88èd th? glluatKm thal thè Chwth has •Jequate Te8tyJrw for h Kwfp088 and are of th8 op1n1c that it will cthtinue In bu$irrt88 88 a kJlng ccffKeffl. Tly hab• lJer8d there ore any major rl8ks lo vthlth the Churth may t* GurMlly exposed and arn ofthe OFInn th•t rthtr exisL
Pr•¥byterlan Church of Ghana Anolnt•d Congregation
FOR TME YEAR ENDED 31112r2021
TRUSTEES. REPORT
8TA'fE OF TRUSTEES RESPONSIBILlEs
The Trustoes are responsible for prgpariThJ the trust. reF
Presbyt¢ri•n Churrh of Ghana Anolntéd cl99#tiOn INDEPENDENf EXAMINEifs STATEMENT ygar 31 October 2021 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PRESBYfERIAN CHURCH OF GHANA ANOINTED ONGREGATION I rew)rt on the 8fxxJunts Oft carity frjr the year ended 31 Odcts 2021 RESI>ECTIVE RESPONSIBIUTIES OF TRUSTEES AIID EXAMtNER Thé t"ustees who are responsible the prepalDn of Ihe affj)unts. The trust consKler that an dit 1$ not required for this year undei. sedi¢Jn 144121 ofthe Charities Ad 2011 (the 2011 Acl) aThJ that an ryjdepenm eXaMina}n is needed. . Havirg satisfièd mysew that the chaiity is not •Jbpct to an autht (yjnpany L¥ digIb for Independent OX8mination. # 18 my responsibility to.. - exaininè the accounts under secaion 145 ofthe 2011 - follow the procedures laid ¢ts•m in Ihe general Dir8diM$ &4ven by thè Chartty comm10n undw 8odiJn 1451•(b) of the 2011 Ad., and . statL& whethèr particular matters have come lo my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My e)amination was carrted OLrt in #Ix(Kd wrth given by the CrIty CornrTMssion. An examinalk)n inchjdes a revie¥1 of the accounting records kept by the charity 8nd a ofthe prewited wilh thcw reta)rd& 11 also IndUd consideration of any unusual i1S or disdosures li the unts, seekng exF4analion$ from yj a$ trnstees CL)ncaming 8ny suth matter8. The pro(8(Jures undertsken do provhJe all th• Widen that would be wurreil in an and ty)nseqUt1Y rK) opinK)n is gtven as to wPther the aThJ fvthr and the report is limited to th08e matters set (xrt in the *tefflert tjebxf. INDEIIENDeNT EXAMINERS STATEMENT {11 whid) gives me reasonatAe cause lo believe Ihat in Materi respgxthe requirerwts: - lo ke¥ a¢Untrng r8cords in aC0)rd8n wilh SeebL 386 ofthe Ccrywites Ad 2CKB.' aThJ - to pièpare aewunts which actord with the ac¥ouniitvJ rerds, with the aco)unting fequirements of se(aion 396 of the Compiinies Ad 20C£ and th th? methods arKI prinaptes of the stat of Recomrnended Pracb"ce.' Acuuthng and ReportiThJ by Charifjes
Presbyt•rian Church of Ghana Anointed C(ryrpgatlon INDEPENDENT EXAIWNEFfs STATEMENT y••r •nd•d 31 Ott4Jbw 2021 . lo prepa acojunts whith af£ord with the aminliw reccts. C£ffip 7Afjlh the c4wnling reqLMrenn18 018ecti¢)n 398 of the CoThp8nle8 Ac 2C(8 and wilh ts meth(>ts and pr¥i(yples oftho Statsmtt of R)mmnOrt PTactKe.' A(unting and Reporfng by Chwttie8 . to prepare acuunts which attord with the arn{Irj T8oyd8, compty wilh th8 K£)unting [woMentS of sec¢on 398 of tho Cornpanl&$ 20Cfj and wilh rnettKs aThJ wkndpl68 ofthe statem of RJmM•rthd PTth.' Atsxjunllng arKI Report(ng by Chaiitis - to )repar& 8¢¢wnts whi¢ attord wrth th8 accounting rd8, compty wilh thtt accourrfing reqwrem¥nls of sethon 3S6 of tho ComL)anies A¢t 20Ce and with molhods and princ4plès of the Staternt of RenMen¢I Prt.. Arxounting and Repotling by Ch#ritles - to )r•pare 8¢¢wnts whl¢h actord with thg acgxunttng r&J)rd8. comply wilh the accounilng wuiremerts of 8ecion 39S of the Comjanles Act 20C6 and th Ihts methods and prinopl88 of the Stslemenl of ReLwimended Practice.. Acc£Junting and ReportSng by Charities h9 not btsn met., or Oatg 31110r2022 121 t¢ which. in my oplnion. attenth thwld dravm In fxd•r to ebI? a prop•r under51anthng of the a(Unts lo be reached 121 ta vthlch, In my oplnkn, attfjnlon ShoLd be dr¥4vn In tydor to enable 8 proF4r und•r8tanding ofthè accounts to bo roa¢h•d AL A.Ax)untants 70 Aiinal¥• Road Soulli O¢kendon Efjsec RM141 SBZ 078&1312298 Je9
Pr•¥bytsrian Clwrch of Ghana Anoinl•d c1xr•U#£lon for th• yearended 31M2M121 2021 2020 funds funds Total Total Inctsne Incorio from generated fijnds Don-.tions and legaryes Othe- trading athvities Incorie from Invesbnents Totsl Incom• and endowments Expens Cost:. of genen9 funds Expeidilurè on Charitabl• a¢tNTbe8 Total EXnSeS Not galn8 on inv•8tnwnts Net Iiieome 120209 5.933 S03 126.645 94,785 61,577 5,933 39, 127 925 1th).952 107,629 63.5 70,967 90,684 70.967 90.684 63.089 29.986 10.945 Gair#:Illossesl on revaluatlon of llxod as*ests Net niov•ment in funds: N•t Iiicome for th• year Total luftd8 brought forward Nètfvnds carried forward 29.985 763.157 793,142 This Itatement of financ¢al athities ind4Kks 1 gains and k6s88 r1$¢4 the y•ar. Al itxome and eyndtture derive from conb.ning a¢tivitses tO,945 70,945) 63,089 10
Prnslylterian c1wh of Ghana Anolnt•d CongY•gation BALANCE SHEEfAT 31112r2021 2021 2020 FIXED ASSETS Ta&ble a&8ets 448.2 456,351 CUR5iENT ASSErs Debt,)rs {8mounts falllng due wlthln one year) Cash al bank and in hand 30.815 ,513 S91.328 1.2 815 567,S36 568.359 2.250 CREfJiTORS.. Amounts falllng duo Yhthln on• ymr NET =URRENT ASSETS TOTAL ASSETS LESS CURRENT UA8ILITIES SW,128 1,038.408 568, 1 1.022.451 CREDITORS: Amount• falllng mor• an• ymr NET.488eTS 245,288 259,294 793.142 763,157 CAPITAL AND RESERVES Unrnitrl¢tsd fund• G•ne-al fund D•81 n8led fund8 82,413 675 63,088 Dlffèrnnc• on accounts 730,0 763. 157 For ltre y&Ar •nding 31112r2021 Ihe MPanY end11 to eXwnp1M und•r •edhJn 471 of tho Comwn5&8 Act rglatlng to small wmpani88. The Th emb¢Ys hve t wuir&J th& company to obt&n an aL#Jfjt In with 8ectMM 476 of th8 Ccrfnpanies Act 2LK6. The d rectors acknovAedg8 ththi re8powtsltbe8 for wlth tho roqkn oftho Ad wllh rn•poct to acclnting r•oxds and th8 pr,)p8r¥llon of account8. The pccounts Mv• b8en wyrod In Kad8nc wlth t w1$1¢4 apF4ic4bl8 to cirfnpanth 8Lrt>J•c to th• wnall oJmp8nl68 Approved by the bo•rd oftru•t•M on 31MI)M122 and alyd on th•lr b•haW by Man (M8u Trust08 e11
Pre¥byterfan Chur¢h of Ghana Anointed Cmgregatlon NOTES TO THE ACCOUIffi8 FOR THE YEAR ENDED 31M212021 1. ACCOUNTING POUCIES 1. 8••l• 01 Accountlng The i.ccounts have been pr8par•Y und8rthè hi$toricd o)8t eorNenlk)n. Thè E.ccount8 have been prepared in accordance with FRS102 . The FI[1 R•wtirvJ stanrt appl0 in the UK and Republlc of Ir?8nd and th• Compan1•$ Act 2C#X and thts requir8rwtt8 ofthe stat of Rgc4nJ))8ThJed Prth, AuntIng and RepNUng by Cliarflle$. 1b. Incomlw RMour¢ All inijjming rgsources ar• Induded on th• Ststemert of Finonoal AL#l¥th# 7hthon thgrlty h logalty •nbtled lo th• Income and tho amount can be quandfied th r¥oonabk araw. t¢. Rwour¢M EXPthd Expeildltu 18 accounted for on an ac(¥ua18 bagls and 18 daM6fi•d wbY•r headwwi tho14ggTe98te 1 coll rel•tsd to the caleo)ry. 18 8t8 nn01 bo attrlbLrt•d to pathtsr ho8diThJs th8y havo b• alo(ted lo athltkn on a basls C81$¢•nI wth tlie usè of re8ourcs. 1d. Alloc•tlon And Apportlonm•nt OICo•l• Al colts rel81& to th• 8inglo othmy oftho charltablè oxnFwy and are rwn18ed 4cwdlry. 1•. Fi nd A¢¢ourrtlng Un..ted funds ¢an b• u8•d In aarKe wkn tho tharfbble Jt thè dJ•llon ofthg trust8•4. Re8trlXed fund8 can onty be used for parti¢lar rgstr1rt6d PLwpose8 Withkn ot4&X8 of ts tharity. R•strlctbn8 ar1 Wh Bp8clfi•d by the d¢nor or when funds are Y8i8ed fry particJJLgr rnstrit#ed wrpo88s. Do8Sgiiated fiJnd$ ar• fiJrKI8 aot ask by th• truste of unr•*rMknJ funds fortm 8peGlficluture purrm8 or projects. 11. Wr•¢latlon Dow&SaUon ha8 been provid•d at ts fltrn9 r8108 In thder to 888ets olr •81imated u8•fiJl fives. Land And Bulldlngs Motor Cars 8tr81ghl line 15% redwing balavv 25% ge12
Pvesbyt•rian ¢11¢h of Ghan• Anolntèd Congregation 2. EMPLOYEES 2021 No. 2020 Ave18ge numbw OfeM0Y 3. TANGIBLE FIXED ASSETS La And 3ulldingB Equlpmont Cars Totsl Cosl At 0110112021 Addilions AI 3111212021 Deprwiatlon Al 01101r2021 Trani.fers For Ilie year Al 31'12r2021 Net £.1k Amounts At 31.'1212021 Al 31.'1212020 ,018 25.0 Sf9,1C6 4,093 523.199 4.IYJ3 4.093 J4.016 25,01 13,957 62.755 614 11,550 74.919 614 1,670 15,627 58.678 614 435,338 3.479 9,483 11.133 448.280 445218 456,35f DE8TORS 2021 2020 Amounts falling due wilhin one year. Trade debtor¥ 30.815 30,815 815 815 pagè 13
Pre8byt•ri•n Church of Ghana Anointed c9T•9•t10n J. CREDITORS: Amoupifs FALUNG DUE ONE YEAR 2021 2020 Ban£ loans and ov8r(Irafts 1.200 2.250 2,2SO e. cItEDrroRS: AMOUNTS FALUNG DUE AFTER IAORE THAN ONE YEAR 2021 2020 B8nk loans and overdrafts 245,286 245.266 259.294 259,294 7. UPIRESTRICTED FUNDS Incoming IgOIng Tran•fers Carrled fr*rward G8neral fund 125, I63.) 62,413 675 63.088 675 126,644 I63,6} RE'STRICTED FUNDS Brought Incoming Outgoing fo¥1 rè8ourc•s resources Trdnthr8 Carrl•d forward t)age 14
In¢omlng Resources y••r end•d 3111021 2021 20 In¢( mlng rosources Inccming r•sourc•s from gon¢raW fvnds Grairtfj Offelorie$ Titho.'s Chil(Iren's off•rt Thaiiks Offering Sunilry Incomè Gift Jiid Doniilions Men1elk)wship WorTen Fell81p Singing Band Yourg Adult Fellowship Yotsrg Peopl•'s Guhl8 Bible Studi68&Pray8r Group Presljyters ConfererrKe 15.931 42,SJ8 779 7.528 TT8 8.536 707 810 1740) 61 {9)1 1401 94,785 61.577 94,785 Fundg ral$lng Ents Harvt'st 1£ Pr)ject Income Rents I Income Grouijs Funds 61,577 4,711 77,534 1.230 19.20Q 1, 163 5.933 39.127 5,933 InSCMent Inmme Bank nterest 6uildiiig Fund 39. 127 925 120 925 925 100,952 101,629 g915
Presbytsrlan Church of Ghana Anolnted Congregation forthe yr ond•d 3111212021 2021 2020 Exr•n¥es Colts of genoratin9 fund¥ Ch4rttable Actlvlvgs Support Ministers 's Supend Othi)r Ministerial Expanses Catorhist Expenses Chuth Band expen8es Hez and light Hall aFFd Church HirirvJ Cleanlng Repiiirs and rgnewal$ Miss on House Expense$ Hosi,it81ty exFenses Organist expenses Covi1119 food distrbulion Zooni expenses Lapt(,p Moto. expenses Mortiiage seIn9 IndeKendent Ex3nunef8 fees Insuriince Postcge,wnling & slalionery Rent Chur( h visits and Welfare CouThil Tax Telepion& •xpenses Intem& Sky Subscriptions Donal ons Welfag Water rate Televi >ion ¢harge$ ChrisbnasAppr6ction 83nk ( h8rges Trav&1 expènses SuTrdo' expenses Depr8¢4ation OffU assets 7.162 8.3 23,233 3,447 4.200 1,270 1.267 1,700 110 2.290 133 2.250 341 809 2.611 8,068 1,200 1. 197 9,185 430 168 1,045 7.810 T. 199 1.767 361 214 75 597 3.420 425 157 2,690 458 514 1,881 12.184 70.967 900 11,845 90.684 page 16