PRESBYTERIAN CHURCH OF GHANA, MIDLANDS DISTRICT TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NO 1196512 Presbyterian Church of Ghana, Midlands District Contents of the Financial Statements Year ended 31 December 2023 ||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 Trustees' report for the year ended 31 December 2023 The trustees present their report and unaudited financial statements of the church for the year ended 31 December 2023. 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 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, Mdlamd Distrct (UK), is a is a charity incorporated organisation registered on the 10th November 2021 Registration number1196512 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 advaqncement of education and the provision of facilities for receation 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 It is the policy of the trustees that the reserves of the District, which are all made up of unrestricted funds, should be held as current assets in order to meet the future requirements of its activities. As at 31 December 2023 reserves of the District were £3314 (2022. £1014) Page 1 Presbyterian Church of Ghana, Midlands District Trustees' report for the year ended 31 December 2023(Continued) Trustees The trustees who served during the period to the date of this report were: CHAIRPERSON JAMES EDJEKOOMHENE TREASURER OWUSU KYEREMATENG MEMBER BETTY OWARE 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 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: 8TH APRIL 2024 Page 2 Presbyterian Church of Ghana, Midlands District Independent Examiners Report to the trustees We have examined the financial statements for the year ended 31 December 2023 on page 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 Page 3 Independent Examiners Report to the trustees (Continued) - b) the financial statements for the year ended 31 December 2023 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: 15th April 2024 Kofi Asiamah FCCA Chartered Certified Accountants Unit 92 Battersea Buss Centre London SW11 5Q Page 4 Presbyterian Church of Ghana, Midlands District (UK) Statement of Financial Activities For the year ended 31 December 2023 |Statement of Financial Activities
For the year ended 31 December|2023||||| |---|---|---|---|---|---| ||||Year ended|31.12.2023|31.12.2022| ||||||Unrestricted funds| ||Notes|||2023|2022| |Incoming resources||||10,611|29456| |Assessment (Mission support)||2||109919|83034| |Gift aid||2||48231|32548| |Investment income||2||0|0| |Total incoming resources||||168761|145039| Resources expended |Charitable activities
3
Administrative expenses
4
Total resources expended
Net incoming resources for the year
Funds brought forward
Total funds carried forward|0
166462
166462
2,299
-
1014
3,313|0
147443
147443
2,404

3419
1,014| |---|---|---| The notes form part of these financial statements Page 5 Presbyterian Church of Ghana, Midlands District |Balance Sheet
At 31 December 2023
Notes
Fixed Assets
5
Tangible fixed asset|2023
0|2022| |---|---|---| |||0| |Current Assets
other debtors
6
Cash at bank and in han
7
Total current assets
Current Liabilities
Creditors
8
Net Current Asset
Total Net Assets
Funds
Unrestricted funds
9
Total funds|0
0
4686
2114
4686
2,114
1372
1100
3314
1014
3314
1014
3314
1014
3314
1014|0
2114| |---|---|---| |||1014| |||1014| |||1014| |||1014| ## APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF: …............................................................ Date: 8th April 2024 The notes form part of these financial statements Page 6 Notes to the financial statements for the year ended 31 December 2023 ## 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. The notes form part of these financial statements Page7 Details of Income for the year ended 31st December 2023 |Materials|501|1,821| |---|---|---| |Donation|150|6,722| |Youth and Student|0|451| |Children Service|391|824| |transfer sundries|0|0| |JY Week
590
Health Week
0
PCGTV
1460
Charity Registration
0
Harvest 10%
0
District Service
4070
BSPG
0
Presbytery Manse
0
£1 Local Evangelism Contribution
0
District Session Delegate Fees
1080
Europe Presbytery Session
2370
10611
Gift Aid Payment Rec.
48231
Mission Support
Milton Keynes
20681
Hope
19456
Gethsemane
14420
Prince of Peace
11176
Bethel
8813
Redemption
15622
Faith
10318
Nottingham
3605
Coventry
5768
Leicester
0
Ascension
0
109859|118
30
0
3360
213
4198
220
1640
211
8650
1000
29457|118
30
0
3360
213
4198
220
1640
211
8650
1000| |---|---|---| ||32548|| ||16196
13572
10068
7392
6656
11906
8142
2276
2276
110
4440
83034|| The notes form part of these financial statements page 8 Details of Expenditure for the year ended 2023 2022 |4 Administration Expenses
District Clerk Allowance
Contingency Fund micelleaneous
Computer and Printer
District Minister Salary
Pension
Ministers Allowance
District Item - Youth Ministry
Europe Presbytery Mission Support
car unsurance
Ministers travel
Secretarial Support (Incl. Printing & Stationery)
Mission and Evangelism
Donation
Ministers Transport / Travel
Seminar/Training
Donation
Travel and Transport Ad hoc
Hospitality Expenses
NI/Tax
Catechists Allowance
catechist s rep Allowance
Support for Directors Activities
Rent for District Meeting Rooms / Event
Audit / Accounting / Payroll Fees
Presbytery Payment
Special ministerial training
Group Account
Gift Aid Payment To Locals
District Treasurer Allowance
Stationery / Gift Aid Registration
District Lay Rep Allowance
District Session Conference
Website
Rent
Europe Presbytery Conference
Stationery / Materials|1800
6166
395
11800
1320
13530
2175
25719
2027
2188
0
0
4353
921
850
0
0
105
800
5420
800
795
726
1090
2340
5985
0
48223
1800
0
1500
270
1659
13200
8331
175
166462|1,862
3,824
514
20,061
840
10,000
1,532
17,200
-
-
360
800
-
3,483
180
10,443
1,886
1,913
300
4,150
-
485
3,395
1,100
11,412
-
257
32,535
1,850
7,003
1,550
8,509
-
-
-
-
-
147443| |---|---|---| The notes form part of these financial statements Page 9 5 Tangible fixed assets |6 Debtors: Amounts falling due within one year|6 Debtors: Amounts falling due within one year||| |---|---|---|---| |Debtors||0|0| |7 Cash at bank and in hand|||| |Current account|||| |Deposit reserve account||0|-| |Cash in hand||4686|2114| |||4686|2114| |Presbyterian Church of Ghana, Midlands District|||| |Notes to the financial statements for the year ended 31 December 2023 (continued)|||| |8 Creditors: Amounts falling due within one year|||| |Sundry creditors||1100|1100| |Other credits||272|0| |||1372|1100| |Net movement in funds||01.01.23|01.01.2022| |9 Movement in funds|||| |Unrestricted funds|b/f|1014|3,418| |Surplus/Deficit||2300|-2404| |||3314|1,014| |Total funds|||| Page 10