CharityffjUm￿r. 11761 PTeSbYt￿an Church of Ghana North London Dith, UK UNAUDITED ACCIXINTS FOR THE YEAR ENDED 3111212022 70 Ann*e Roaj RM15 5BZ Prtsbjrterian Church of Ghana North London Distrid, UK FINANCIAL STATEIEKrs FOR THE YEAR ENDED 31112r2022 TRUSTEES Dryaw Ohene-Abuakwa Mr Emmanuel Adofo Ms Linda NsHh Mr Jonathan Peasah SECRETARY Ernrnanuel Adofo REGISTERED OFFICE 64 Lambert Road Strealham Vde London SW16 5BJ CHARifi NUMBER 11761 ACCOUNTANTS AL Acu)untants 70 Annalee Roa South O¢ker¥Jon RM15 5BZ Je1 Presbyterian Church of Ghana N(xth London District, UK ACCOUNTS FOR THE YEAR ENDED 31112r2022 CONTENTS Pa3e ReFQrt ofthe Trust*s Independent Examinerfs Statement Accountarfs Report Statement of Financral Acbyit Balance Sheet 10 Notes to the Accounts 11to16 D8tall￿1 Statement of Fin￿￿81 ACtiV￿eS 14 Pmbyterian Church of Ghana North London Distrkt, UK FOR THE YEAR ENDED 31112f2022 TRUSTEES, REPORT The twstees present thelr rewrt aThJ the iThJe￿nty e￿￿nine￿ finanoal stalements forthe yearendgj 31112rJ)22 The infonration vAth reswt to trustees and ￿1V￿orS sel on pJJè 1 fomts part of this rewrt. The fina￿la1 statements and trustees report comply with CUTrent statukny requirements, the PCG c￿sobJ1#)n,￿￿I￿ab1@ AcLMyJnting Standards li the United ngdom, the SL*ment of Rtrommerbjed Prth'chaitss SORP IFRS 1021. etsti¥e 1 2015 aTra the Charitss Act 2011. The Presbyterian Church of Ghana North Loth Distrrt fPCG is a chw[tab￿ I￿1r[￿ted ugani8alh)n ￿LStered thg Charity Commtsson as a Charity on 5 D￿em￿tr￿ll7 (chty regi%tr&on numter1176100). STRUCTURE GOVERNANCE AND MANAGEMEKr The charity is govemed by ts cfjnsbtubon. The Board of Tnjstees rnanaJe the affai￿ of the cFwrity arxf are responsibfe for setbrKJ the stralgJic dlrectk)n aThJ poI￿leS of the Gharity. Trustee5 are appointed for a lem of four years by a resOluth￿ passed at a proFerly COnve￿d rrEeb'ng of the District Council. They are eligible for ￿lee￿n for anthr four-yeartenn. In sekntsng indiv￿U8[5 for apwnthEnt as charity trustses. ts chty InJst*s n￿t reganj trj ttt sknlls, know￿jge and expenence needed for ttE effective alministratic￿ of ts charity. TnJst*s nEet quartwty to discuss all re￿v￿1 matters. When required, an emergency n￿tir￿j can be catled outsth ItEse The Trustses meet fcffm￿ty at feast fryjrtirres e&h ￿. Try revpAT ald 1. PCG NLD'S ffinanci￿ resums ststsrt￿ tebjms. 2. Intemal controis (induding dekgatrm of aNJ wJregakM ofdutEsl,' 3. Risks assctrated wfth the PCG NLD¥ &ti¥￿es aTrJ aprKcprÈ* mffDJa￿￿ nwres in r8swa ofthese. 4. A strategic plan and annul Ix•Jgel for PCG NLD,. 5. Management accounts, Varian￿ frcrfn IM￿ge[ non•fiw￿l iThJK*irs: 6. Certain prowsed &tions that we above the remit ofthe PCG NLD St¥•Jiro Ccrfnmittee. The Board is SUPFQrted in items 1.5 by a commth krTh￿ as NLD SlaKlir¥J Committee aKI NLD Flrwce Committee. Th8y take respjnsibility on behalf ofts PCG NLD Board of Tru*s to er￿￿ that there is a framework for WAJuntabilty,' for examining and reviewing systems ar¥1 methc¥Ys of ccirtrc4. b)th finawal otlkNise. induding analysis and risk management and for ensuring that PCG NLD is cOMp￿.n9 wtth JI of ￿ law, the PCG relewt wuL4tk)ns aThJ good practte. It re￿Irt9 lo th8 Board and makès rs￿Mm0nd￿$ ￿ appropiiat paJe 3 Prthiffian Church of Ghana North London Dlstrlct, UK FOR THE YEAR ENDED 31111r2022 TRUSTEES REPORT OBJECTIVES AND ACTMTIES The obiecbves of the CIO are: 111 To advance the Chrtsban faith br the teneft of the publi Hi ￿)rd￿ with the Slatemenl of B￿efS in such ways and in SLKh parts of the United Kingd￿1 as the trustees from to time may think fft irYJudir¥J prmtirKJ an understaTraing of equal trealmenl of all,. 121 The relief of S￿kr￿SS and of ts general by proiidiThJ gcojs to iTrJpiiduas in rwd, ￿tt￿h tsy coukl not othep*ise afford through l&k of means. aThJ to Char￿eS or oth8r(Ngan￿8bons to prpbent or ￿l￿ve p)verty', 131 To help young FeOF4e thrixjgh time %bvitss to de4Ekp U*ircapablites that Ily may grow to fvll maturity as individuals and members of s¢Kiety. 14} The trustees must use the irtt*me ￿ may use the captal of the Ch￿Ch prDmting th8 Otpcbves. The PCG NLD Stsnding Commiitee have operatsmal managenwt of PCG NLD aThJ report on ts perforniar￿ ajainst ttE strateg plan and budget as approved at the PCG NLD Standing Commrflee. RISK MANAGEMENT The Board of Trustees has corKI￿ted a review of the Ik8ks lo whth ttE Gharity is expjsed. The trustees recognise that any major risks to which Ihe charrty is to be revie*￿ SY*8￿8 ￿ in to nNb3ale them in patbcular those related to the OFeratio[￿ and finances ofthe charity. S[gn[￿ant extemal ri%ks to fuFyJirKJ bj the Board of Tnjstses to imFknt a pdKy, tsknrwJ into axourrt, the le￿￿1 of income eivable from various funders, to seek e￿h year, to match irKorr£ exrAxlitiTr lo avoij ￿M￿at11g a dthit gjch that PCG North London Disthct is able to C£sntinue ts operax)rts S￿cessfUlly. Intemal rBks ar8 minimised by the impkmentstK)n of prc¢edure5 for ts aJtr#ysthn of al Iransths and proFcts 8nd by ensuring a consistent qualty of delivery for all ot*th31 of the ¢lwity. These ￿c￿edUl8S ar8 [￿￿11Y r8Mved to ensure that they will meet the n￿]S of the thanty. FINANCIAL REVIEW The Ir￿Me of the chanty for the Feri(Kl can* entirety wgregab)nl assess￿ ￿ d¢y￿tI￿ frffn ts publK. The total in¢oming resourrm was £ £8441QI2021-£733761 and tr)ta yes￿rceS expeThfj&J was £81357(2021-776531 makirvJ a suwus of £3053 {2021 loss £42771 forthe yew. Presbylwian Church of Ghana North London Dl*lct, UK FOR THE YEAR ENDED 3111212022 TRUSTEES. REPORT RESERVE POLICY The Board of Truslees has e￿I￿j the ¢hariVs require1￿1 kn [esen￿ wi ligrrt of the risk to the charity.11 has established F(slicy whereby the unrestricted fvnds hehj by ttE chartty thukl te 6 n￿nthS of fcrtthmitvJ unavoidable operalionaj expenditure. The reserves a￿ needed lo nwl the worknng c4pitsl requiretTEnts of the tharity in the event of svJnrfrant drop in incom&., The tnjstees did not meet the required level, but are L)Jnfident that the chuTdps under the district will meet their committment by payirYJ their assessment when due and ￿ rEy]uired levd aThl the wll contWlU8 to OFerate as a goiNJ cOn￿M. The total funds hetd at 31 Lkwnb8r2022was £10613 {W21 £4155). The free reserve is £41612021-£46151.tskrvJ into •>J)unt desunat&J fvThJs of £10197 to the groups in ￿ distriGt .The trustees regard this as inappropriats and woukl eTh18abr￿rto Incre￿ ¢￿trit￿ to reseThE from surF4us untl the targel is meL STATEMENT OF TRUSTEES RESPOMSIBIUTIES The Trustees are responsRJle for preparirwJ ts ts7￿, report aThJ staterr￿ts wi ￿ar￿£ with appI￿ab￿ law and United Efjngdom Amnting Stsndards {United KI￿Orn Qmratty Accepted Ac0￿n￿ng Pr&I￿e). The law applicab￿ to Char￿e$ in England aThJ Wakn r8]uiTrs ts charity trustees to prepare financial staterrEnts for each year, wh￿h give a tfue af¥J fair view of the state of affairs of the tharity aThJ the lr￿crfnlng resou￿ aTrJ applKalion of resources, incI￿1ng the irKome and expenditure, forthat FerKd. In preparing th8se financi￿ stalen￿nts, ttE Intstees a￿ r￿Ul￿d tr).. . select Suitab￿ axounting pdicies and Ihen appty - obseNe the melh(MJs and princAfv in the appI￿ab￿ char￿e5 SORP" - make judgments and accountiro estirnates that are rnaSonab￿ aNJ prtht - prepare the finanual statements on the going cA￿￿ern basis unkn it is irwwopri* to pwume that Ihe charity wfil cC￿tinUe in business. The Trustees are resporBiNe for keeping aJequate &counlirrfJ I￿ordS that are gJffiaent lo slKsW and explain the charivs transactions and dksdose with reasonab￿ •xU￿Y al any time the financial pM)sition of the chanty aThJ enable to ￿SUre that the finarKial stsleménts comply vAth the aThJ Wubtio￿. Try Je abo resporsit4e fi)r safeguarditvJ the assets of the tharity and her￿ for tskiNJ T?￿nab￿ stst6 at¥J deleclkTh offraud other IrregUL4r￿es. Pre5b￿lan Churth of Ghana North London Distrkt, UK FOR THE YEAR ENDED 31112r2022 TRUSTEES, REPORT Th8 r8POrt was p￿pared in ￿COrdan￿ wilh the proviw)rs With￿ Part15 ofthe Compani8$ Act %Q6. This report was approved bythe Board of Trustees on1PJ10r2023 Emmanuel Adofo Trustee Presbyterian Chuych of Ghana North London Dlstrict, UK INDEPENDENT EXAMINEifs STATEMENT FOR THE YEAR ENDED 31112r2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESBYfERIAN CHURCH OF GHANA NORTH LONDON DISTRICT, UK I report on the 8Lcounts of the company for ts year 3111212022. RESPECTIVE RESPONSIBIUTIES OF TRUSTEES AND EXAMINER The trustees are responsbk8 for the of the ￿￿nts. Th8 C(￿MIer th* ￿ ￿d[L 15 r6y]uir&a for th18 ye under section 144121 ofthe Charthes Acl 2011 (the 2011 Act) ￿ that an iThleFeThlent exanination i8 needed. Ha￿n9 satisf￿] M￿fthat ts clwÈty is suwt *) ￿ axlit ca)mpwy aThJ is eligljle for INleper¥Jent examinatv)n, it Is my responsibilty to: . examine the &counts undw S￿t￿)n 145 oftre 2011 Irt . follow the pwocedures iaid down in the genwd Dire￿t￿S grMI by Chaty Commi8shJn untsr s￿1￿￿7 145(5llbl ofthe 2011 A¢ . state whether parbaitar matters have wme to my attentb)n. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was carried txrt in accoTdance with g￿￿ra[ DI￿1)n5 given by the Charity Cornmwon. An examinatH)n indudes VEW ofthe ￿Unting rKorfs kept by the chaiity arbj a ¢xmparig)n of ￿Thts PTesenbl Iwth tI￿e records. It also inclL¥Jes consideratbjn of any unusud items or disck)wres in ts &(x)unts. seekirKJ expL8natKJns from you as bwstees cOn￿MIng any such matters. The pr￿edureS undertaken th) not all tt* eviden¢e that woukfj te requir￿1 in an aL*Jit, and consequendy no opinion is given as to whether the •xounts present a aThJ fair the rekM)rt is limited to those matters set out in the slalement below. INDEPENDENT EXAMINERS STATEMENT In connection vhth my examination. no nth has o)m k) my attenti￿. 11) whkh gives me reasonab￿ cause to tdEve M in Ma￿71 re￿￿ ts [pquwen￿s'. . to keep accountirvj recorfs in ￿ance wtth section 386 ofthe Companies Act 2006" ar . to prepare acC(￿nts vthich ￿ with the (￿MP￿ with •z￿ntIr￿ requirements of s*bJn 396 of Companies Act 21yJ6 and with Ihe methc#Js aThJ pl1￿1￿ ofts Sta*ment of R￿nMe[vjed Pr&11￿.. A(¥J)unting and ReFrf)rtINJ by Charibes ha￿ t¥)t been ttrt or (21 to whKh,in my OFMnK￿,8ttenI]0n te dra*n in orderkn e￿ a pw uThJe￿Ia￿1ThJ of ¥counts to be reached. Presbyterian Church of Ghana North London Dlstrlct, UK INDEPENDENT EXAMIN&YS STATEMENT FOR THE YEAR ENDED 31112r2022 Akwasi Adu-Larbi ACMA, CGMA,M AL A￿Ountants 70 Annath Road South OGkeThJon RM15 5BZ Presbfvian Church of Ghana North London Dtstrlct, UK f¢x the year 3111212022 2021 Unrestrfcted Restrlcted funds funds Total Total Income Inc¢)me from generated funds Voluntary Income Total Incomlng Resources Expense6 Costs ofgenerattng funds EX￿nditure on Charitsbk activiti8S Total Expense8 Net galns on investments Net Incom8llLoss) 84.410 8£410 84,410 73376 84,410 73376 81.357 81,357 81.357 77.653 81,357 77,653 3,053 (4277) Net movement In funds: Net income forth8 ytsr Totsl funds brought fonvard 1 January 2022 Net funds Carried forward 31 DeGemlxr 2022 3,053 17246 20299 3,053 (4277) 17246 10520 6243 This statement of financiai ￿ti￿treS In￿ all gans tc6ses rwruwj in year. NJ expendrture derive from Continuing activfaes Presbyterfan Chur¢h of Ghana North London District, UK &4LANCE SHEEfAT 3111W2022 2022 2021 FIXED ASSErs Tangible assèts 875 CURRENT ASSErs Debbrs (amoltnts falling due wlthin on8 ye*} Cash al bank and in hand 49,682 10,613 60,295 39,996 30973 4155- 3512& 297 CREDITORS: Amounts falllng due wlthin one ￿r NET CURRENT ASSETS I (LIABILITIES) TOTAL ASSETS LESS CURREpif LIABIUTIES 20,299 20,299 5368 6243 Accumulated Funds Unrestricted funds Genetal fuThJ Desgnated funds 10,102 10,197 20,299 Q527J 81TO 6243 For th8 year ending 3111212022 company wag entiikd b under sthn 471 of Companie5 Act 20C6 rdating to smdl ￿mpan￿. The members have not required ts oynpany to obtain ￿ atjlit in ￿Yda￿e with 476 of ts Compan¢s Act 2006. The directors acknovAedge their resF()nsitrd'tities for C￿￿'r￿j with the rw]uireinwts of Act with resm Io ￿luntIng records and the preparation of accwnts. These accounts have Èeen wep¥wJ in tmth the to OJMpan￿ sut4e¢t to the small com￿leS regime. Approved by the board oftrustees 18110r2023 aNI sign8d thelr behalf by nda Nsiah Treasurer p￿e10 Presbyterian Church of Ghana North London Distrfct, UK NOTES TO THEACCOUNTS FOR THE YEAR ENDED 3111212022 1. ACCOUNTING POUCIES la. Basls OfA¢¢oundng Thg a¢￿Unts have teen prepared urblerthe hElorKa cc6t LYJnNEth. The accounts hav8 Eeen prepared in aCcOrdar￿ %￿th FRS102- The Fir￿al Rewxtiiu St**Jard ap￿[cable in the UK and Republic of Ireland and the Companies Acl 3J06 arKI the rg]IMTements ofthe Statem￿1 of Re￿rnended PTth, Ac￿nting aThJ RewTting by Charities. 1b. Incoming Resour￿5 All incoming resources are irKILkJed on Slatemerrt of A¢biatss wlEn the chaity is entiued to the incomè and th8 amunl can be qLt&tifi&J wtth reasonatde ￿u￿Y. la Resource8 Expended Expendrture is 8£counled for on an ￿nJalS bw and has iwn dasyfied uThJer that ajgregale all ¢05t rdated to the category. Where costs cannot te diT• attribu￿ to t￿b￿lar he&ji[￿S fv haNE al￿3*d to adiviiie5 on a ￿lS conststsnt th the use of resources. 1d. AllorAtlon And ApporUMment Ofcosts All costs relate lo the Sing￿ ofthe chaiitsble CCKnpany arnl are rettgnis&J ￿(¥)[dI￿jty. le. Fund Accounting unrestric￿ fv￿ls can be in axordw wlth the clwfth atts diKrnbon ofts trustees. Restricted funds can only be used for Pthlar restrthd within tre objth ofthè ¢hty. RestiiclKins a￿e wI￿n SFecified by the donor orwtpn fijnds are for parkuLgr restric￿ wrFose5. Destgnated fuThJs fvn(Js setas¥Je by ts trustees of 1xwesti￿ turth fubjte wrpws or projects. 1f. Deproclation DepreGialion has been pro￿d￿l at the folbMriJ rates in c¥d8rto ￿lte off tr¢ assets oYertsireslin*d useful li￿. Rad￿ EquIp￿nt strdjghl line 25% paJe11 Fhsbyterian Church of Ghana North kndon Distrlct, UK 2. TANGIBLE FIXED ASSErs Equlpment Total Cost Addilior AI 31J1212022 Depreciation At 0110112022 FOT the year At 3111212022 Net Book Amounts At 3111212022 At 3111212021 3,500 3,500 3,500 2.625 875 2.625 875 3,5 875 875 3. DEBTORS 2022 2021 Arnounts falling due within or£ year. Total debtor5 49,682 49,682 30973 30913 CREDITORS: AMouKfs FALUNG DUE wrrHIN ONE YEAR 2022 2021 T¢)tsl credit¢Jr5 Rewval CongregaboTrGrft AK 23,218 16.778 39,996 15697 22078 7682 29Tf Eurore Presbytery-MissMM Suppjrt IndeFendenl Examiner Rev J. Asumeng Presbytery Mortgage RePa￿t 4075 p&Je 12 Presbyterlan Church of Ghana North London Dlstrict, UK 5. UNRESTRICTED FUNDS Brought lTrcomlng Outgoing Transfers Carrled fon¥ard General Designated Fund 83,041 (79,326} 10,102 10859 12,030) 10,197 81,356 17246 84,409 ￿_ 20,299 6. REL4TED PARTY TRANSACTIONS There was no hospitsjity expenses paKI to any tru* duTirMJ Ye￿(￿21-N1[) Two trustees werB pad alowaw during fv year Mr Jonathan Peasa￿£5[￿1 Ms LiThJa Ns￿￿25 7. STAFF COSTS AND NUMBERS The averaje numtw of empSJyees duriTrJ ts ￿￿1(21r21-1) empbyee ￿l¥&j erTr3lurwts of more than £6C((KI The Chaiity had many voluntary staff ard no salar*s have i*1 pakl to Ij￿ d[￿Thj the ￿. pèJe 13 Presbjterlan Church of Ghana North London District, UK Inconlng Resourcos forthe Y￿ ended 31112r2022 2021 Incomlng resources Incomlng resources from gentr*ed funds Mission Support Bible Study and Prayer Group Sundry Income Presbyters Conference Men Fellovr6hip Women Fdlowship Choir 57, T70 294 2278 1980 370 9,794 400 341 157 5,294 1.1￿1 ag8 Supplerrent nations Welfare Valedid 10 7,670 1,510 644 84,410 73378 84,410 84,410 733T6 73376 paje 14 sbytsrian Church of Ghafta North London Dlstrict, UK for the year ended 31112r2022 2021 Expensès Costs of generatlng fund¥ Charltable Activities Minister5 stipend Catechist ￿loWance Visa Expenses Pension Group Expenses IndeFendenl Examiner Computer Cost Ukn'lity Bill (￿her District Expenses Presbytery Assessment Pn'nling,Ststionery and p)tsJ8 Travel Te18phone Intemet Bible arxl Study Prayer Presbyters confer8nce Women FellO￿lp ZOOM ExFenses Singing Band Choir Lay Rep. Treasurer Secretary Bank charges Global Presbfvrian W¢)rship Centrp Mortgage Suppkment Other MinisterÈal Expenses Presbytery Confer Donations Sundry exFenses Hosanna CorKJregatKin Miswn Supwt Iirtten of Resurrection CongrgJatiM Mission SupF*Jt 7Mitten off Young Peopk's Guide Expenses written off MissM)n Support Written off DepwiatKin of equipment 13,826 14,120 950 7,091 1,000 2,899 674 l. T88 2.558 5,024 17.995 15,500 3,121 420 278 250 4C 223 730 500 625 300 138 1,2C 5,293 13,604 2,660 1,6 950 2.46T 2,330 871 5,126 2.950 21,651 875 77,653 875 81,357 Presbfvlan Church of Ghana North London Distiict, UK Expenses forthe year ended 31112R022 2022 81,357 2021 77,853