PRESBYTERIAN CHURCH OF GHANA, MIDLAND DISTRICT - MILTON KEYNES CONGREGATION
## MILTON KEYNES CONGREGATION
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY NO
1184772
Presbyterian Church of Ghana, Midland District, Milton Keynes congregation (UK)
Contents of the Financial Statements Year ended 31 December 2024
||Page|
|---|---|
|Trustees' Report|1 - 2|
|Independent Examiner's Report|3 - 4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 - 9|
Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK) Trustees' report for the year ended 31 December 2024
The trustees present their report and unaudited financial statements of the church for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice: "Accounting and Reporting by Charities" in accordance with Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) issued in July 2014 in preparing the Annual Report and the Financial Statements of the church
## Legal Status
Presbyterian Church of Ghana, Milton Keynes Congregation (UK) is a member of Presbyterian Church of Ghana, Midlands District, a charity incorporated organisation registered on 5th August 2019 with registration number 1184772
Principal Activities
The principal activities of the church during the period were as follows:
To advance the Christian religion and the ethics, ideals and principles of the Presbyterian church for the public benefit
To provide advice, counselling and support for members training and education for the relief of poverty
The advancement of education and the provision of facilities for recreation and leisure time occupation in the interest of social welfare and with the object of improving the conditions of the members and their children
## Review of Financial Activities
the net incoming resources of the church for the year ended 31 December 2024 amounted to £21333.(2023 £21209)
It is the policy of the trustees that the reserves of the church, which are all made up of unrestricted funds, should be held as current assets in order to meet the future requirements of its activities.
t 31 December 2024 reserves of the church were £169295.(2023 £146997).
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Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK) Trustees' report for the year ended 31 December 2024(Continued)
## Trustees
The trustees who served during the period to the date of this report were:
CHAIRPERSON ADELAIDE ATU TREASURER OWUSU KYEREMATENG MEMBER JAMES EDJEKOOMHENE MEMBER REV. JOSEPH AKWASI ODURO
Statement of Trustees Responsibilities in Relation to the Financial Statements
The constitution of the church and law applicable to Charities in England and Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity during the year and of its financial position at the end of each year. In preparing the financial statements, the trustees are required to:
- 1) select suitable accounting policies and apply them consistently;
- 2) observe the methods and principles in the Charities SORP;
- 3) make judgements and estimates that are reasonable and prudent;
- 4) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that financial statements comply with the Charities Act 2011.
The trustees are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF:
Date: 1ST August 2025
Page 2
Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK) Independent Examiners Report to the trustees
We have examined the financial statements for the year ended 31 December 2024 on pages 5 to 9, which have been prepared in accordance with the accounting policies set out on page 7
Respective responsibilities of Trustees and Independent Examiner
As described on page 2, the trustees are responsible for the preparation of the financial statements of the church. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
## It is our responsibility to:
examine the financial statements under section 145 of the 2011 Act;
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to our attention.
We have been appointed under section 145 of the Charities Act 2011 and report in accordance with the regulations under that Act.
Basis of independent examiner's report
We conducted our examination in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and the seeking of explanations from the trustees concerning such matters. The procedures undertaken do not provide all of the evidence that would be required by an audit and, consequently, no opinion is given as to whether the financial statements present a 'true & fair view ' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
During the course of our examination, nothing has come to our attention which gives us reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that:
a) proper accounting records have been kept in accordance with Section 130 of the Charities Act 2011; and
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Independent Examiner's Report to the trustees (Continued)
b) the financial statements for the year ended 31 December 2024 are in accordance with
those records and comply with the accounting requirements of Charity Act 2011 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (revised 2014).
Further, during the course of our examination, nothing has come to our attention that, in our opinion, should be drawn to your attention in order to enable a proper understanding of the financial statements to be reached.
Signed:..............................................
Date: 7th August 2025
Kofi Asiamah FCCA
Chartered Certified Accountants 12 Holliday Square London SW11 2HR
Page 4
Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK) Statement of Financial Activities For the year ended 31 December 2024
|||Unrestricted|funds|
|---|---|---|---|
||Notes|2024|2023|
|Incoming resources||||
|Voluntary income|2|
112348|90607|
|Gift aid|2|12598|13610|
|Investment income|2|230|48|
|Total incoming resources||125177|104265|
|Resources expended||||
|Charitable activities|3|||
|Administrative expenses|4|103845|83056|
|Total resources expended||103845|83056|
|Net incoming resources for the year||21333|21209|
|Funds brought forward||158719|125788|
|prior year adjustment||-24714|11722|
|Total funds carried forward||155338|158719|
|The notes form part of these financial statements||||
|||Page 5||
|Presbyterian Church of Ghana, Midlands' District||- Milton Keynes congregation (UK)||
|Balance Sheet||||
|At 31 December 2024||||
|||2024|2023|
||Notes|||
|Fixed Assets||||
|Freehold Property|5|369798|369798|
|Tangible fixed asset||||
|Current Assets
Soft loan
6
other debits
Cash at bank and in hand
7
Total current assets
Current Liabilities
Creditors
8
Net Current Asset
Amount falling due more than 1year
Total Net Assets
Funds
Unrestricted funds
9
Total funds|6000
0
35,111
41111
1200
39911
254371
155338
155338
155338|10796
5861
14389
31046
1000
30046
241124|10796
5861
14389|
|---|---|---|---|
|||158719||
|||158719||
|||158719||
## APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF:
…............................................................
The notes form part of these financial statements
Page 6
Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK)
Notes to the financial statements for the year ended 31 December 2024
## 1 ACCOUNTING POLICIES
## Basis of accounting
The financial statements have been prepared in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities in accordance with with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in July 2014
## Accounting convention
The financial statements have been prepared under the historical cost convention
## Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
## estimated useful life:
Computer equipment : written off in the year of purchase Musical instrument : written off in the year of purchase.
## Cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the charity is a small undertaking
## Incoming resources
Incoming resources represent offertory, pledges, donations, tithes and self generated income
## Reserve policy
The trustees have a free reserve policy whereby the free reserves of the church will be sufficient to continue the current activities should there be a significant fall in offertory levels. This will need to be sufficient to sustain the church whilst alternate funding is sought or other arrangements are made.
2 Voluntary income
|General offering
Tithes
Harvest
Thanks Giving
Donation
Gift Aid
Rent
Coach payments/31st Night
Sundry
Reserve Account Libert Wall Unit
Bank Interest|2024
2023
25619
17594
44718
34086
17320
15291
3275
2640
5218
5368
12598
13610
14400
13200
1442
0
106
2427
250
0
230
48
125176
104265|2023|
|---|---|---|
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Presbyterian Church of Ghana, Midlands District - Milton Keynes congregation (UK)
Notes to the financial statements for the year ended 31 December 2024continued)
|3 Charitable activities
Welfare & bereavement
4 Administrative expenses
District contribution
Insurance
Ministers Allowance
Catechist's Allowance|2024
9554
6555
1630
8346
2750|2023|
|---|---|---|
|||4534
6571
2877
7238
0|
|Treasurer's Allowance|1100|0|
|---|---|---|
|Evangelism|100|0|
|Fuel|995|1100|
|Assessment|23125|20681|
|Manse|4287|4060|
|Bus Maintenance|2470|3923|
|Printing/Stationery|750|109|
|Honorarium|1700|250|
|Seminar|0|630|
|Website|70|511|
|Travel & Transport|1922|860|
|Telephone|463|692|
|Mortgage Interest|22453|21180|
|Conference expenses|1616|885|
|Harvest Expenses|1671|332|
|Rent|5982|4442|
|Communion Elements|844|64|
|Drink & Refreshment|1259|150|
|Accountancy fees|1350|1000|
|Computer Equipment Maintenance|162|960|
|Sundry|2691|8|
||103845|83056|
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||2024|2023|
|---|---|---|
|5 Tangible fixed assets|369798|369798|
|6 Debtors: Amounts falling due within one year|||
|Soft Loans|6000|5000|
|other debits|0|5796|
||6000|10796|
|7 Cash at bank and in hand|||
|Current account|4089|4318|
|Deposit reserve account|31000|10046|
|Cash in hand|21|0|
35111
14364
Presbyterian Church of Ghana, Midland District - Milton Keynes congregation (UK)
|Notes to the financial statements for the year ended 31 December 2024 (continued)
8 Creditors: Amounts falling due within one year
Sundry creditors
1200
Outstanding lodgement
Mortgage Loan account
254371
255571
01.01.24
Net movement in funds
9 Movement in funds
Unrestricted funds
b/f
158719
Surplus/Deficit
21,333
£
adjusted income(mortgage)
-24714
Total funds
155338|Notes to the financial statements for the year ended 31 December 2024 (continued)
8 Creditors: Amounts falling due within one year
Sundry creditors
1200
Outstanding lodgement
Mortgage Loan account
254371
255571
01.01.24
Net movement in funds
9 Movement in funds
Unrestricted funds
b/f
158719
Surplus/Deficit
21,333
£
adjusted income(mortgage)
-24714
Total funds
155338|1000
240124
241124
01.01.2023|1000
240124|
|---|---|---|---|
||158719
21,333
-24714
155338|125788
27070
5861
158719||
page 9