Charity number. 1176100 Presbyt•rlan Chureh of Ghana North London Distrlct. UK UNAUDITED AccouKrs FOR THE YEAR ENDED 31112f2024 Pr•parod By: AL ACCOUNTANTS 11 Dudley Street Coventry West Midland CV6 7EE Presbyterfan Church of Ghana North London Distrlct , UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 TRUSTEES Dr Yaw Ohene-Abuakwa Mr Chades Anim Ms Verissa Takiyiwaa Akoto Rev Henry Darko Rev Foster Ampofo Ms Roseline Mann Boye-Doe SECRETARY Mrs Roseline Mann Boye-Doe REGISTERED OFFICE 64 Lambert Road Streatham Vale London SW16 5BJ CHARITY NUMBER 1176100 ACCOUNTANTS AL ACCOUNTANTS 11 Dudley Streel Coventy West Midland CV6 TEE page 1 Presbyterfan Church of Ghana North London District. UK ACCOUNTS FOR THE YEAR ENDED 3111212024 CONTENTS Report of the Trustee8 Independent Examinerfs Ststement Statement of Financial A¢tiviti6s Balance Shagt Page Notes lo the Accounts Detailed Ststement of Flnancial Aclfvities 10t014 12 Presbyterlan Church of Ghana North London Dlstrlct, UK FOR THE YEAR ENDED 31112r2024 TRUSTEES. REPORT The trustees present their ￿pOrt and accounts for the year ended 3111212024 The information wlth respect to trustees and advisors set out on page 1 fomis part of this report. The financial statements and trustees report comply wth cJJrrent ststutory rwuirements, the PCG Conslltution, applicable Accounting Standards in the United Kingdom.the Ststement of Recommended Practi 'Charilies SORP {FRS 102), effective 1 January 2015 and the Charities Act 2011. The Presby1erian Church of Ghana North London District I'PCG NLD.) Is a charitable Incorporated organisation and registered with the Charity Commission as a charity on 5 December 2017 {chaTity rogi8lration number 1176100 STRUCTURE GOVERNANCE AND MANAGEMeNT The charity 1$ govemed by Its c￿St[lution. The Board of Trust888 manage the affalr8 of the charity and ar8 responsible for $8Wng the strateglc direction and pollaes of the charlty. TTustses are appointed for a tern) of f(wJr yearn by a resolution P8$sed at a propetly convened rn8eting of the Dislrict Council. They are ellgible ft)r rfrelectlon for another four-yeer tsrm. In selecting individuals for appointment a8 charty trustees. tho charty trustees must have reganl to th8 skSlls, knowledge and 8xperience needed for the effective admlnistration of the chaty. Tru8t888 meet quarterly to dlscuss all relevant matters. When rwulred, an emergency meoting can be caifed outshde these 8cheduled meetings. The Trustees m8et fonnally at least four tlmes each yèar. They re¥1￿* and approve". 1. PCG NLD'S finandal results arKI statutory retums: 2. Intemal controls (Induding delegation of authorities and segregation of dutles),. 3. Risks assoclated viith the PCG NLD'S activlt188 and approprtate mitlgatlon measures in res￿ of these., 4. A strategic plan and annual budget for PCG NLD.. 5. Man8goment accounts, variances from budget. aThJ non-financ481 p8rforn￿n(* indicators; Presbyterian Church of Ghana North London Distrfct. UK FOR THE YEAR ENDED 3111212024 TRUSTEES. REPORT 6. Certain proposed actions that are above the remit of the PCG NLO Standing Committee. The Board is supwrted in items 1-5 by a commrttee known as The NLD Stsnding Committee and NLD Finan￿ Committee. They take resFonsibilty on behalf of the PCG NLD Board of Tnjstees to ensure that there is a framework for a¢countability' for examining and reviewing systems and methods of contrd. both financial and otherwise, including risk analysis and risk management and for ensuring that PCG NLD is complying with all aspects of the law. the PCG constitulion. relevant ￿UlationS and good practice. It reports to the Board and makes recommendations as appropriate OBJECTMES AND ACTMTIES The objectives of the CIO are". (1) To advance the Christian faith for the benefit of the public in aC0)rdan￿ with the Statement of BelFets in 8uch ways and in such parts of the United Kingdom as the trustees from time to time may think fft including promoting an understsnding of equal treatment of all,. (2) The relief of sickness and poverty of the general public by providing to indrviduals in need. which they could not olhernvise afford through lack of means. and to charities or other organisations working to prevent or relieve poverty. (3) To help young people through leisure time activibes to develop their (apabilities that they may grow to full maturity as individuals and members of society. (4) The trustees must use the incx)me and may use the capital of the Church in pronxjting the objectives. Presbyterian Church of Ghana North London Distrlct, UK FOR ThE YEAR ENDED 31112r2024 TRUSTEES. REPORT The PCG NLD Stsnding Committee have operational management of PCG NLD and report on the performan￿ against the strategic plan and budget as approved at the PCG NLD Stsnding Committe8 RISK MANAGEMENT The Board of Trustees has conducted a revrew ofthe major risks to which the charrty 1$ exFosed. The trustees recognise that any major risks to which the thartty is exKrf)sed need to be reviewed and systems put In place to mitigate them in parbcufar those related to the operations and finan￿ of the charity. Signfficant extemal risks to funding have led the Board of Trith to implement a policy. taking into account, Ihe level of income receivable from varrous funders, to seek each year, to match income and expenditure and to avoid accumulating a defiut such that PCG North London Dtstrid is able to rJ)ntinue its operations sucwsfijlly. Intemal risks are minimised by the implementation of pr(teduros for the authorisation of all transactions and projects and by ensuring a consistent qualty of delivery for all operational aspe￿ of the chartty. These Pro￿dureS are periodically reviewed to ensure that they will meet the needs of the charity. page 5 I￿A 41 £1345181202>I06r￿ m* • £18th £1284ffj kn tho yew. ¢¢A AESEAVE P¢XIcY Pre$byterlan Church of Ghana North London Dlstrlct, UK INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRESBYfERIAN CHURCH OF GHANA NORTH LONDON DISTRICT. UK I r8FK)rt on the accounts of the company for the year ended 31112r2024 . RESPECTIVE RESPONSIBILITIES OF TRUSTEE8 AND EXAMINER The trustees (who are also the directors of the company lor th8 purposes of o)mpany law) are responsible for the preparation of the accounts. The trustses consider that an audit is not required for this year under section 144(2) of the Charitiès Act 2011 (the 2011 Act) and that an indèpendent examination 18 needed. The chartty's gross income exceeded £250,000 and l am qualffied to undertake the examination by being a qualified memb6r of. Having Satisfied myself that the charlty is not subject to an audlt undor ￿MpanY law and is eligible for independent examination, it is my responsibility to.. - examine the accounts under section 145 of the 2011 Art - follow the procedures laid down in the gen8ral Dlre(knis ￿'Ven by th8 Chanty Commisslon under section 145{5)(b) of the 2011 Act: and - stste vknether particular matters havé come to my attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examlnation was carried out in 8coxdance 98ner81 Directlons given by the Charity Commisslon. An examlnation includes a review of the accountiru records k8pI by the charity and a comparfson of the accounts presented with thosé records. It al80 includes ￿nsider￿On of any unusual items or disclosures in thè accounts, 8nd Seeking explanatbns from you as trustees cone*ming any such m8tter8. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion Is given as to whether the acxx)unts present a Irue and fair view. and the report Is limited lo those m8tter8 Set out in the ststement bolow. INDEPENDENT EXAMINERS STATEMENT In connectlon ¥￿th my examination, no matter ha8 my attention." (1) whlch glves me rea8onatr￿O L¥u8e to believe that in any material respect the r8qulrÈm8nts.' - to keep accounting records in a¢c%xdanee with section 386 of the Compani88 Act 2CM)6," and - to prepare accounts which accord with the accounting records. comply wlth th8 a{￿untIng r8qulrements of Section 396 of the Companies Ac 12006 and with the methcxls and prInC4￿8$ of the staten￿rt of Re￿Mmended Practice: Acuunting and Reportlng by Charities have not been met: or (2) to which, in my opinion, attenti¢)n should be drawn in order to 8nable a proper understanding of tho accounls to ￿ reached accounts to be reached Dale.. Akwasi Adu-Larbi ACMA, CGMA, Msc 11 Dudley Slreet Coventry CV6 7EE AL *CCOUMTA*rs yq *.nna18e Road 11111615BZ Prosbyterlan Church of Ghana North London District. UK 8tstemont of Financlal Actlvities for the year ended 3111212024 2024 2023 Unr•str Restric Total Totsl icted tod funds funds Income Income from generated fijnds Voluntary Income Total Incomo and endowments Expenses Costs of generating funds Expenditure on Charitsble athvlties Totsl Expenses Net galns on Investrnonts Net Incomo 136,484 136.484 - 136,484 118,849 - 136,484 118.849 134,684 134.684 - 134,684 106,002 - 134,684 106,002 Gainsl{lossos) on revaluatlon of fixed assests Net movement In funds: Net Income for the year Total funds brought forward Net funds carriod fo￿1￿ 1.800 12.847 1,800 3.441 1,800 12,847 3,441 7,669 1,641 This statement of financial activFties includes all gains and losses rwnised in Ihe year. All 5,178 income and expenditure derive from ¢oMinuing aclivities 43.571 S.997 50292 178 {1 iJ56J 9.717 (12731 5.178 Presbyterlan Church of Ghana North London Dlstrlct. UK NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3111W2024 1. ACCOUNTING POLICIES 18. Basis Of A¢countlng The accounts have been prepared under the historical (a)st wnvention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Stsndard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirernents of the Statement of Rec£)mmended Practice, Accounting and Reporting by Charitses. Ib. Incomlng Resourc8S All incomin9 resources are included on the Statement of Financial Actsvrbes when the tharity is legally entitled to the income and the amount can be quantifi&J with reasonab18 accuracy. 1c. Resources Expended Expenditure is accounted for on an accruals basis and has t*en classtfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to parttcular headings they have been allocated to activities on a basis ￿nsiStent ¥￿th the use of resources. 1d. Allocation And Apportionment or Costs I costs relate to the single activity of the charitable company and are recognised accordingly. le. Fund Ac¢ounting Unrestricted funds can be used in a￿)rdan￿ with the charitable obiecbves at th6 discrelkjn of the trustees. Restricted funds only be used for partirxjlar restrrcted purpc6es wrthin the objeLXs of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrict purpos6S. Designated funds are funds set aside by the trustees out of unrestrithj general funts for the speofic future purposes or projects. 1f. Depreclatlon Dep￿ciall0n has been provtd&J at the follo¥Mng ratss in ￿der to wrrte off the assets over their estimatsd useful lives. 2. TANGIBLE FIXED ASSETS Equipment Total Cost At 0110112024 At 3111 W2024 Depreclation At0110112024 At 3111212024 Net Book Amounts At 3111212024 3.500 3,500 3.500 3,500 3.500 3,500 3.500 page 10 Presbyterian Church of Ghana North London District, UK 3. DEBTORS 2024 2023 Amounts falling due WFthin one year. Accrued Income 45,688 43,971 45.688 43.971 PCG Ressurection Congregation £ 5680 PCG Hossanna Congregation £5139 PCG Calvary Congregation £21685 PCG Anointed Congregalion £6471 Mortgage Supplement £6713 4. CREDITOR8: AMOUNTS FALUNG DUE WTfHIN ONE YEAR 2024 2023 Presbytery Accruals Revival Congregation 33.514 28,012 16,778 16,778 50,292 44,790 29382 23537 1292 2475 Presbytery Mission Support Rev J Asumeng Pension Catechist Accruals Independenl Examiner 5. UNRESTRICTED FUNDS 1200 800 Brough In¢omlnOulgclrnnsfers Carried t forwar g resou g resou forward rcos rces General fund Bible and Sludy Group Singing Band YAF Women Fellowship Men Fellowship Choir ChildrenlJYIYGP (10,786) 130,02T130.597) 1,377 1.290 (515} 26 378 (170) 266 1,122 1610) 3,971 3￿ 1170) (283) 1,383 (1,745} 525 {874) 1,368 136,48 134,681 -{11.356) 2.152 234 778 4,191 (645) 1,639 1,368 1,639 3,441 6. RELATED PARTY TRANSACTIONS There was no hospitalty expenses paid to any trustee during the year(202kNil) Two trustees were paid allowances during rhe year Charles Ayim-£750 and Verissa Tatyvrda AkOt￿£750 The following two trustees were paid a salary ot. Rev Henry Dar￿£13665 as District Minister and Rev Foster Ampofo-£1021)O as Pastor. 7. STAFF COSTS AND NUMBER8 The average number of employees during the year was 2(2023_1) No employee ￿te1Ved emoluments of more than £60000 The Charity had many voluntary staff and salaries paid to Iwo trustees during the yéar as shown above.. page11 Presbyterfan Church of Ghana North London Distrlct , UK Incomlng Resources for the year ended 3111212024 2024 2023 In¢oming resources Incoming resources from generatod funds District Minister Induction 1 Oth Anniversary clothes order 10th Europe Anntversary Fund 9th District Session 10th Distrtct Session Easter Offering Junior Youth Moderatoes Club Evangèlism training Teachers Iraining District Offertory 900 4.120 1.309 1,810 810 4,670 190 3,140 960 850 1,154 4.734 130 400 3.567 8,911 19.913 Mission Support Moderator send off Bible Study and Prayer Group Sundry Income Presbytery Conference fees Junior Youth Choir Mortgage Supplernent L)onations Donation Chairperson send off & irKluthon Singing Band Men Fellowship Women Fellowship YAF ChildrenlJYIYPG 92.OCK) 87,200 10 900 1,925 1,475 410 5,676 540 624 1.750 525 5.170 1,948 3.640 378 39) 1,122 1,368 111,591 98.936 Ramseyer Training Centre Youth Camp Agenda club 100 9110111 District Sw8sion Presbyters conferen 456 10.337 420 4,350 420 15,983 136.485 136,485 118,849 page 12 Presbyterlan Church of Ghana N￿th London District, UK Expenses for the yoar ended 3111W2024 2024 2023 Exp•nses Costs of genorallng funds Charltable Activitias Insurance Water bill Churches Together England Hospit81ity Expenses Training Youth Ministy Ministers Stipend Catechist Allowance Emmus Day expenses PensionlNI Chairperson induction Youth Camp Europe Presbytery conference Council Tax Independent Examiner Moderator Club100 10th Anniversary cloth order Computer Manse Repairs and Maintenance Utility Bill-EDFIGAS Other Districl Expenses Presbytery Mission Support Training Printing,Stationery and postage Travel BSPG 10th Anniv6r&gy Europe Presbytery Fund Bible and Study Prdyer Presbytery conference fe8s Women Fellowship ZOOM Expenses Singing Band Choir Lay Rep. 307 945 1.104 685 695 500 32,324 26.999 5,055 3.600 2,146 1,032 3,650 900 2,206 800 1,234 800 2,000 5,520 1,345 600 2,679 6,272 3,492 6.581 26.554 22,724 771 1,750 1.595 2,455 100 1,030 415 8,150 170 5,200 1.000 1.878 909 1.100 234 500 692 7SO 750 170 874 Tr&asu￿r Secretary Bank charges MobilelTelephonefintemet Men fellowship Mortgage Supplement Broadbandrrv Donations 825 990 115 1.358 1,745 7.939 519 107 9,262 Sundry expenses YAF 1.757 610 134,684 106,002 page 13 Presbyterian Church of Ghana North London Dlstrict, UK Expenses for the year ended 3111212024 2024 2023 134,684 106.002 page 14