Charity number. 1176100 Presbyterlan Church of Ghana North London Dlstrlct , UK VNAUDITED ACCOUNTS FOR THE YEAR ENDED 3111212023 Prepared By: AL Accountants 70 Annalee Road South Ockendon RM15 5BZ
Presbyterian Church (rfGhana North London Distrlct , UK FINANCJAL STATEMENTS FOR THE YEAR ENDED 31112r2023 TRUSTEES Dr Yaw Ohene-Abuaknva Rev Henry Darko Rev Foster Ampofo Verissa Takyiwaa Akoto Charles Ayim SECRETARY Mrs Roselinè Mann Boye-Doe REGISTERED OFFICE 64 Lambert Road Str8atham Vale London SW16 5BJ CHARITY NUMBER 1176100 ACCOUNTANTS AL Accountants 70 Annalee Road South Ockendon RM15 5BZ page 1
Presbyterian Church of Ghana North London Dlstrlct , UK ACCOUNTS FOR THE YEAR ENDED 3111212023 CONTENTS Report of the Trustses Independent Examinevs Statement stst8ment of Financial Activities Balance Sheet Notes to the Accounts Delailed Statement of Financial Activlties Page 10 11 12to17 15 page 2
Presbyterlan Church of Ghana North London Dlstrlct . UK FOR THE YEAR ENDED 31112r2023 TRUSTEES, REPORT The trustees present their report and the independenty examined financial statement5 for th8 year ended 3111212023 The infomation wtth respect to trustees and adwsors set (iut on page 1 forms part of this report. The financial statements and trustees regort COfwFly k*ilh current stakrtory requirements, th8 PCG Constitution, applicable Accounting Standards in ttie United Kingdom. the Statement of Recommended Practrce 'Chariltes SORP {FRS 702). effecliye 1 January 2015 and the Charities Act 2011. The Presbyterian Church of Ghana North London Districl ('PCG NLD.) is a charitable incorporated organisation and registered with the Charity Commission Bs a charity on 5 Decernber 2017 (charsty regislration number 1176100)- STRUCTURE GOVERNANCE AND MANAGEMENT The charity is govemed by rts constitution. The Board of Trustees manage the affars of the chalty and are responsible for settin9 the strategic directSon and policies of the chartty. Trustees a appointed tor a lerm of four years by a resolution passed at a properly convened meefing ot the DÉstritt Council. They are eli9ible for re-eleclion for another four-year term. In selecting individuals for appointment as charity tfustees. Ihe chaTity trustees musl have regard to the skills, knowl8dge and experience needed for the effective admirsistration of the charity. Trustees meet qU8rterfy to discuss all relevant matters. When required, an emergency meebng can be called outside these scheduled meetings. The Trustees meet fonnaffy al leasl four times each year. They review and approve.. I. PCG NLD'5 financial results and ststutory retums; 2. Intemal contrDts (includino delegation uf authorilies and segregation of duties).. 3. Flsk5 associated with the PCG NLD s aclivFties and appropriale miligation measures in respect of 4. A strategic plan and annual budget Yor PCG NLD. 5. Managament accounts, varianS ftum bEEdgeL and non-financi41 perfornian indicators,. 6. Certain proposed actions that are above the remit OF PCG NLD Slanding Commiltee. The Board is supported in items 1-5 by a committee known as Tr NLD Standing Committee and NLD Finance Committee. They take responsibility on behalF ol Ihe PCG NLD Board of Trustees to ensure that th8re is a framework for accountability: for examining and reviewng syslems and molhods of control. both financial and otherbwse. including risk anatysis and risk ManMent and for ensuring that PCG NLD is complying with all aspects of the law. the PCG constituliDn, Tefevant regulalons and good practi. It reports to the Board and makes recommendats'ons as appropriate
Presbyterian ChuTch of Ghana North London Distrlct , UK FOR THE YEAR ENDED 31112r2023 TRUSTEES. REPORT OBJECTIVES AND ACTIVITIES The obJectives of the CIO are: (1) To advance the Christian faith For Ihe benefit ot the public in a(LOrdan wilh the Statemenl of Beliets in such ways and in such parts of the United Kingdom as kne trustees frcyn brne lo lime may think fit including promoting an understanding of equal treatrnent of all,. (2) Th8 relief of sickness and poverty of the general pukn1 by providing goods to indNiduals in need. which Ihey could not OtheIse afford tfyTough12¢k of means. and lo charities or olher organisations working to prevent or relieve povety-, (3) To help young people through feisure time 8c&vibes lo devBIDp their capabiltties that they may grow to fvll maknrity as individuals and members of society. (4} The tnjsteas must use th8 income and may use the capital of th8 Church in promoting the objectiV8S. The PCG NLD Standing Committee have operational management of PCG NLD and report on the performance against the stralegFc plan and budgel as approved at the PCG NLD Stsnding Committee. RISK MANAGEMENT The Board of Trustees has ndUcted a review of Ihe a30r fisks to Ihe charity is exposed. The truslees recognise that any major risks to %th(ch Ihe exposed need to be reviewed and systems put in pla to mitigate them in parttcular those tated to Ihe operations and finan of the charity. Significant extemal risks to fijnding have led the Board of Trustees lo implemenl a policy, taking into account, the level of income re[vable from various tunders. to seek each year, to match income and expendilure and to avoid accumulatino a defjcFI suth thal PCG North London Dislrict is able to continu8 its operations successfulty. Intemal risks are minimised by the implementation of procedures lor Ihe aLrthorisalion of all transactions and projects and by ensuring a consistent qualty of delFvery for all operational aspect of th8 charity. These ProdureS are periodicalty reviewed lo ensure thal they will meet the needs of the Gharity. page 4
Presbyterlan Church of Ghana North London District. UK FOR THE YEAR ENDED 3111212023 TRUSTEES. REPORT FINANCIAL REVIEW The income of Ihe charity for the period came entirety from congregatiDnal assessments and donatlons from the public. The totsl incoming resources was £ 118850{2022-£84410) and total reSoUrS expended as £106002(2022-8135T} making 3 surplus of£12848 (2022 surplus £3053) for the year. RESERVE POLICY The Board of Trustees has examined the chariws requiremenl for reserve in light of the main risk to the charity. It has established a policy whereby Unl11Ctett funds held by the charrty should be 6 months of forthcoming unavoidable operational expenditure. The reserves are needed to meet the wothin9 capital requirements of the charily in the event of signfficant drop tn tncome.. The trustees did not meet the required level, but are confident that the afK)us chlffctS under the district will meet their ¢ommittment by paying their assessmertt when due 8T Ihe reqthred will rise for the district to continue operating as a going COnM. The total funds held at 31 Dernber 2023 was £5997 {2022 £10613)) The trustees regard this as inadequate and pukl endeavour lo increase contributions to Serve from future surplus until the target is met. page 5
Pr••byt•rlan Church of Ghana Ploth LanOtsnDl¥tskt.IiK F(kR THE YEAR ENDED J1112t2021 TRUSTEES. REPORT STATEMENT OF TRUSTEES RESPONS18 The Trusle8s arg responsible ts wepathg the trustees. reFrf and tts fowthl slatements Accept8d Aco)uniing Pr8cUce). The law applkablè to charities in Engtand and Wales re4 ch8rfty trustgOS to PTgparo Ilnèndal Stalemonts for ea( year. which gfve 8 true and fatr rAtr of of th8 trrtty and lh8 Kncomlng resources and application of reswrces. the and exper#dilure. thal In preparfng thgse financi 5tstements. thg Irustees are reqthd tr. - select Sultable a¢xounting poll¢ies aTrl Ih8n apply thgffl c£fi&s. . observ8 Ihe methLMls and wrni>ples in tre applK2ble Charths sr)RP - makejudgments 8nd sco)untl( esttmts thatara B3sonth arawort - preparè the financial slatements on Iha go(rg ba5i% Urt&55 1115 knpr0Suff thal the charfty will ojntlnue In bvslness. expFain Ihe charivs transacbons and disQose th re85(rth arsAiiacyai any the tinants311Il0n of the tharity and enable them to ensure th8t the finan(xBI Dxnptywilh tha aWi(at48 law and rogulations. They are also responsiijle ts safgguarduw the 8ss8ts (rfth8 £Farty8rKI henc for t8klng reasonable steps for the prevertrlion avTrd dele¢iioTr offraud al other This repr w88 £pwoved ty Ihfr Board 0fTnte$ On 28110rJ)24 Chades Ayim Trustse cs Camscanner
Presbyterian Church of Ghana North London Dthlct. LIK FOR THE YEAR ENDED 3111212023 TRUSTEES, REPORT page 7
PresbyterAan Church of Ghana North London Dlstrlct , UK INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESBYfERIAN CHURCH OF GHANA NORTH LONDON DISTRICT. UK I report on the accounts of Ihe company for Ihe year ended 3111212023 . RESPECTIVE RESPONSIBILITES OF TRUSTEES AND EXAMINER The trustees are responsible for the preparatron ot the accounts. Th8 trustees consider that an audit is not required for this year under section 144{2) of e ChaFities Act 2011 lthe 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subiert to an audit under company law and is ellgible for independenl examination. it is my responsibilrty to: - examine the account5 under section 145 of the 2011 Ac( - follow Ihe prowjures laid down in the general lE10n5 gNen by the Charity Commission under $6Ction 145(5){b) of the 2011 Act., and - state whether particular matters have me to my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was Caled out in aCwrdar1 *ith general Dtreclions given by Ihe Charity Commission. An examination includes a review of Èhe accotEnbng reojfds kept by the tharity and 2 compartson of the accounts presented with those records. It also trudeS 03nsidera130n ot any unusual items or disclosur8S in the accounts, and seeking explanatÉorts from you as ttustees conceming any such matters. The procedures undertaken do not provide aèl the eV[den Ihat woukl be required in an audit. and consequ8ntly no opinion is given as to whether Ihe accounts present a Irue and fair VIW and the report is limited to those matters sel out in the statement below. INDEPENDENT EXAMINERS STATEMENT In connection with my exarninalion. no matter has come to my attention: (11 which gives Me reasonable cause to believe thal in aTry material respect the requirements: - to keep accounting records in accordan with seclion 386 of the Companies Act 2006: and - to prepare accounts which accord with the accounling records. compty with the accounting requirements of section 396 of the Companies Acl 2006 and with Ihe methods and principles of the Statement of Recommended Practice." Accounting and Reporting by Charities have not been met; or (21 to which,in my opinion,attention should be drawn in order to enable a proper understsnding of Ihe accounts to be reached.
Presbyterian Church of Ghana North London District, UK INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212023 AL ccounlanls 70 Annalee Road South Ockendon RM15 58Z page 9
Presbyt6rlan Church of Ghana North London DrIC1. UK Statement of Financial Activittes for the year ended 3111212023 Unrestr Restrlc ictsd ted fvnds funds 2023 2022 Total Total Income Income from generated funds Voluntary Income Total Income and endowments Expenses Costs of generating funds Expenditure on Charitable acbvities Total Expenses Net galns on investments Net Income GaIn{lOS$e$I on revaluatlon of fixed assests Net movement in funds: Nel income for tho yoar Tolal funds brought forward 12.848 Nel funds Carrled forward 7,669 12,848 3,053 ,669 5.179 This statement of finanual activiles includes all gair¢s and losses recognised in the year. All 17,246 incom8 and 8xpenditure derive from continuing activities 5,179 20.299 118.850 118,850 118.850 84,410 118.850 84,410 106.002 106,002 - 106.002 81357 106,002 81,357 12.848 12,848 3.053 page 10
BAIANCE SHEET AT 3111J2023 2023 2022 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors (amounts falling due Ythm one yEa¢ Cash al bank and in h4nd 43.971 5.997 49,966 44.790 49.682 10.613 60.295 39.996 CREDrroRS: Amounts fallitbg due wlthin 4)ne ygar NET CURRENT ASSErs TOTAL ASS5 LESS CURRENT UABILITIES Accumulated Funds Unrestricted funds Gènèral furKf Destgnaled funds 20,299 20.299 5,178 {1,273) 6,451 5.178 For the year ending 3111Z2023 Ihe cts)rtwrywas ki ex11 under 477 of the Companies Acl 2006 relating to smau c¢)mp&ues. The members havé not r8quirad the lwanY b otan an •JJit actt¥dw secknn 476 of tha Companies Act 2006. The diwiors acknciwledge their respJnbéties kycoftptyuw Ihe rewints of the Act wilh respect to ac£ounting records araj the pparat of acc¢s. These aeCA)unts have been prepared in acoydanca th thewwns Wkablg to sxvnpanres subject lo the small companies regime. Approved by the board of trustees on 2&M012024 signe eir hav by 10,102 10.797 20.299 Verissa TakYVaa Ak TreasurruStfj8 p•Je 11
Presbyterian ChuT¢h of Ghana North London Distrlct , UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31112120rJ 1. ACCOUNTING POLICIES la. 8asis Of Accountlng The accounts have been prepared under Ihe histOfEG* o)st ojnvenlion. The accounts have been prepared In accordance FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland afjd ihe Companies 2006 and the requirements of the Statement of Recommended Practice. Accounting and Rgportin9 by Charibes. 1b. Incoming Resources All incoming resources are included on the Slaternent Of Financial Auivilies when the charity is legally entitled to the irTrcome and the amount can be quantified with reasonable a¢xuracy. 10 Rosources Exponded Expenditure is accounted for on an accnjals basls and has beerj classified under headings that aggregatè all cost related to the G3tegory. Where o)sts cannot be directy attr3buled to partilar headings they have been allocated to activities on a basis c>Jnsistertt the use of resources. 1d. Allocatlon And Apportlonment Of Costs AII c051s relate to the single actmty of the chafitable Qjftpany and are recognised acwrdingly. 16. Fund Accounting Unrestricted funds can be used in acojrdance with d)aritable obiecbves at Ihe dis¢retion of the tnjstees. Restricted funds can onty be used for 4>articular restiicled pjrposes within the objects of the charity. Restrictions arise when specified by the donor orwh8n funds are raised for particular restricted purposes. Designated funds are fvnds set aside by the trustees crtrt of unrestricted general funds for the specific future purposes or projects. 1f. Depreclation Depreciation has been provided at the fotlowing to Tte off Ihe assets over their estimated useful lives. Equipment strdight line 25% page 12
Presbyterian Church of Ghana North London District. UK 2. TANGIBLE FIXED ASSETS Equipment Total Cost At 0110112023 At 3111212023 Depreciation At 0110112023 At 3111212023 Not Book Amounts At 3111212023 3.500 3.500 3,500 3.500 3.500 3,500 3,500 3. DEBTORS 2023 2022 Amounts falling due within one year. Accrued Income 43,971 43,971 49,682 49,682 ana con 8tion ion ngregation 11543.00 Mortgage Supplement 4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR ? conRe8 esur 20491 4234 2023 2022 Presbytery Accruals Revival Congregation Gtft Aid 28,012 23,218 16,778 16.778 44,790 39.996 Pres Rev. meng I dep%ndent Exa 1st Accrua ensi '219£ ',fg£ 1$ in8r 80 page 13
Presbyterian Church of Ghana North London Dlstrlct , UK 5. UNRESTRICTED FUNDS Brough IncominOutgrfmn$fers Carrlod I fonvar g resou g rasou rces General fund Designated Fund {15,227) 116,761102.809) 7.558 2.085 3,192 7,669 118.84 106,001 (1,273) 6,451 5.178 6. RELATED PARTh TRANSACTIONS There was no hospitslity expenses paid to any trustee durtng the year(2021-NII) Two Iru6te8s were paid allowan8 during rhe year Charles Ayim-£750 and Verfssa Takyiwaa Akot(>£750 7. STAFF COSTS AND NUMBERS The average numbar of employees dufing Ihe year hes If2tr22-1) No employee reIVed emoluments of more Ihan £6C4Y)O The Charity had many voluntary staff and no salaries have b88n pald to thJst88s during the y8ar. page 14
Presbyterlan Church of Ghana North London District. IIK Incoming Resources for the year ended 3111212023 2023 2022 Incomlng resources rfncomlng resources from generated funds District Minister Induction 10th Anniversary clothes order 10th Europe Anniversary Fund 9th District Session 1 Oth District Session Easter Offering Junior Youth Moderatols Club Evangelism training Teachers training Dlstrfct Offertory 900 4,120 1.309 1,810 810 4,670 190 3,140 850 1,154 19.913 Mission Support Moderator send off Bible Study and Prayer Group Sundry Income Presbytery Conference Junior Youth Men Fellowship Women Fellowship Choir Mortgage Supplement Donations 87,200 8LX) 10 900 1.925 1.475 66.804 370 9,794 400 100 341 157 5,294 1,150 410 5.676 98,936 118,849 84,410 84.410 page 15
Presbyterlan Church of Ghana Xofth London District. UK Expenses for the year ended 3111212023 2023 2022 Expenses Costs of generatlng funds Charltable Activllies Ministers Stlpend Catechist Allowan Junior Youth Europe Presbytery conference Council Tax Independent Examiner Moderator Club100 10th Anniv8rsary cloth order Laptop Msnse Repalrs and Maintenance Utility Blll Other District Expenses Presbyt8ry Mission Support Training Printing,Stationery and postage Tr8vel Telephone 10th Anniversay Europe Pr8sbyt8ry Fund Bible and Study Prayer Presbyters conf8rence Women Fellowshlp ZOOM Expense8 Singing Band Cholr Lay Rep. Treasurer Secrètary 88nk charges Global Presbytèrian Worshlp C8ntre Mortgage Supplement Other Ministerial Expenses Presbytery Conference Hosanna Congregation Mission Support written of Resurrèctlon Congregalion Mlsslon Support Itten off Young People's Guide Expenses written off Depreciation of equlpment 26,999 13,826 3.600 900 7,996 1,234 800 2,000 5.520 1.345 600 6,272 2.558 6,581 5.024 22,724 17,995 1,750 299 1,878 800 3,121 420 909 250 400 50 223 600 730 500 625 31)0 138 1.200 5,293 13,604 2,660 5,126 2.950 2,089 875 106.002 81,357 300 1,100 234 692 750 750 900 107 9.262 page 16
Presbyterlan Church of Ghana North London District. UK Expenses for the year ended 3111212023 2023 2022 106.002 81,357 page 17