# **GLOBAL BETTER COVENANT MINISTRY** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31[st] December 2023** **CHARITY NUMBER: 1174578** ## **Table Of Contents** Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report …………………………………………….. 3 Receipts and Payments Accounts …………………………………………… 5 ## **GLOBAL BETTER COVENANT MINISTRY** ## **LEGAL & ADMINISTRATIVE DETAILS** ## **YEAR ENDED 31 December 2023** ## **ADDRESS FOR CORRESPONDENCE** 39 TRESHAM GREEN NORTHAMPTON NN5 7RT ## **REGISTERED CHARITY NUMBER** 1174578 ## **GOVERNING DOCUMENT** CONSTITUTION ADOPTED 08/09/2017 ## **TRUSTEES/ DIRECTORS** KWABENA KWARTENG MARK OSEI - POKU KWADWO ESSEL ## **PRINCIPAL BANKERS** BARCLAYS BANK PLC LEICESTER LE87 2BB ## **INDEPENDENT EXAMINER** DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT 1 ## **TRUSTEES’ REPORT** The trustees are pleased to present their report for the year ended **31st December 2023** for the charity Global Better Covenant Ministry with charity number. 1174578 The Trustees of the charity are: KWABENA KWARTENG MARK OSEI - POKU KWADWO ESSEL The principal address of the charity is: 39 TRESHAM GREEN NORTHAMPTON NN5 7RT ## **Structure, Governance and Management** The Charity governing document is a constitution that was approved on 08/09/2017. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s financial position. ## **Objectives and Activities** The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of residents in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake. ## **Achievements and Performance** The organisation held successful services/meetings throughout the year in which individuals were educated and equipped on the principles and doctrines of the Christian faith. Membership continues to grow due to the outreach programmes held by the organisation. ## **INDEPENDENT EXAMINER’S REPORT** **Financial Review** 2 The income of the charity was **£14,808** for the period. The charity is also well positioned to manage its costs effectively. ## **Reserve Policy** It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. The charity will seek to maintain this level throughout the year. ## **Risk Management** The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks. ## **Trustee Responsibilities** Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the charity. They are required to: 1. Select suitable accounting policies and apply them consistently. 2. Make judgements and estimates that are reasonable and prudent. 3. State whether the applicable accounting standards have been followed. 4. Prepare financial statements on an ongoing basis. They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities. This report of the charity for the year ended **31[st] December 2023** relates to the Receipts and Payment Account. ## **Respective responsibilities of Trustees and examiner** The charity’s Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 43 of the Act) 3 - follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and - state whether particular matters have come to my attention. ## **Basis of the independent examiner’s statement** My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. ## **Independent Examiner’s statement** In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that: - proper accounts records are kept in accordance with section 41 of the Act; and - accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or 2. to which in my opinion attention should be drawn in order to enable proper understanding of the accounts to be reached. ## _**DAVID AKAKPO MA (FAM), ACMA, CGMA**_ 4 ## **RECEIPTS AND PAYMENTS ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023** |**INCOME**
Tithes and Offerings
**Total Income**
**EXPENSES**
Charitable donations
Computer Costs
Legal and professional fees
Office/General Administrative Expenses
Rent or Lease of Buildings
Advertising/Promotional
Repairs and maintenance
Accounting fees
Travel and Accommodation
Net Surplus for the year
Funds in hand at 01 January
The funds in hand are represented by
Cash at bank and in hand
The receipts and payment accounts was approved on|**UNRESTRICTED**
**FUNDS**
**2023**
**2022**
**£**
**£**
**£**
14,808
14,808
16,704
**14,808**
**14,808**
**16,704**
5,600
5,600
6,807
154
154
173
144
144
165
5,308
5,308
2,999
3,600
3,600
2,400
1,244
1,244
447
-
-
129
360
360
200
-
-
199
**16,410**
**16,410**
**13,520**
(1,602)
(1,602)
3,184
3,184
3,184
178
**1,582**
**1,582**
**3,362**
**1,582**
**1,582**
**3,362**
**17/Jun/2024**| |---|---| ## **SIGNED ON BEHALF OF THE BOARD BY:** NAME: **KWABENA KWARTENG** STATUS **TRUSTEE** 5