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BVCCTrustees Annual Report March 2025
BENEFICIAL VERACIOUS CHRIST CHURCH
Registered CharityNo 7204021
"Go Ye and spread Ihe 9ospel In Ihe
p(v**r ol ih• Hoty Spifir
16..15, Acts 1..8
ANNUAL REPORT AND FINANCIAL STATEMENTS
31 March 2025
Registered Charity No 1204021

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BVCCTrustees Annual Report March 2025
Contents
Reference and administrative details ofthe charity,
ils trustees and advisers
Trustees, report
Independent Examiner's Report
Statement of financial activities
Balance sheet
10
Notes to the financialstatements
Registered Charity No 1204021

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BVCCTrustees Annual Report March 2025
REFERENCE AND ADMINISTRATIVE DETAILS OFTHE CHARITY, ITSTRUSTEESAND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Samuel Okonne, Chair
Dorothy Boakye-Boateng, Trustee
Rev Regina Osei-Gyamfi, Trustee
Charity registered number
1204021
Registered office
3 Peak Hill Avenue, Sydenham, London, SE26 4LG
Bankers
National Westminster Bank PLC
POBox4115
Hornchurch
Essex
RM125DA
Barclays Bank PLC
Piaistow 2
Leicestershire
LE87 2BB
Registered Charity No 1204021

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BVCCTrustees Annual Report March 2025
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annu81 report together with the financial statements of the charity for
the year from 1 April 2024 to 31 March 2025. The Trustees confirm that the Annual Report and
financial statements of the CIO comply with the current statutory requirements, the
requirements of the charity's governing document and the provisions of the Statement of
Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
(effective 1 January 20151 as amended by Update Bulletin 1 (effective 1 January 20151.
Since the charity incorporated organisation qualifies as small under section 383, the strategic
report required of medium and large companies under The Companies Act 2006 (Strategic
Report and Director's Report) Regulations 2013 is not required.
tiv
A tiviti
a. Policies and objectives
Our principal objective is to grow the spirituality of the members by encouraging participation in
discipling activities, bible study and in spiritual programmes as planned in the church's
calendar of events and programmes.
Our go81 remains to raise practical Christians who live by the Word of God, with their lives
demonstrating the power and effectiveness of God's Word and ultimately, reflecting as
disciples, the char8eter of our Lord jesus Christ in 811 their ways so they may constructively and
positively participate in building the communities in which they live. We seek to realise these
goals and objectives by pursuing a programme of sustained growth and expansion through
intensifying our evangelism and outreach activities and establishing more branches across
England and further afield in UK.
Financial review
a. Going concern
After making appropriate enquiries, the trustees have 8 reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. For this
reason. they continue to adopt the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the
Accounting Policies.
Registered Charity No 1204021

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BVCCTrustees Annual Report March 2025
b. Reserves policy
The Trustees have an agreed policy for the use of reserves. Reserves 8re pl8nned to be held to
fund one-off or non-recurring expenditure should there be suff icient funds to cover three
months routine expenditure.
c. Assets
The Charity Transitioned from a Trust Deed Registration to a CIO registration and all assets have
been duly transferred and registered in the new Charity no 1204021.
The financial position of the Church is set out in these financial staternents which have been
prepared on a going concern basis, as in the opinion of the Trustees, there are no material
uncertainties about the ability of the Church to continue its 8Ctivities in the foreseeable future.
Structure. governan¢e and management
a. Constitution
The charity is registered as a charity incorporeted organisation ICIOI and was set up by a
constitution on 2010212023 and is a registered charity number 1204021.
b. Method of appointment or election ofTrustees
The management of the charity is the responsibility of the Trustees who are elected and co-
opted under the terms of the Constitution.
Plans for futur8 periods
a. Future developments
The charity is on course with its 5 years development plan. Our annual programmes are all
geared tOW8rds ensuring that our objectives at each stage of our plan are re81ised. We intend to
expand our reach to other communities here in the United Kingdom and Ghana (mission field)
through enhanced medi2 broadcast. This would be a cost-effective expansion option and thus
reduce our overheads.
We acknowledge that a strong financial position is key to achieving our growth and expansion
plans. Considering this, the Church would embark on a fundraising programme to boost our
financial resources so we could deliver our ambitions.
We will continue to use our Discipleship programme and other educational and training events
to drive the spiritU81 growth and development of our members.
Youth mobilis8tion and development will continue to assume centre stage in our strategy. We
are developing plans to introduce reforms that would help mobilise the youth, galvanise their
passion for and Commitment to the course of the gospel.
Members, liability
The members of the charity guarantee to contribute an amount not exceeding £1 to the assets
of the charity in the event of winding up.
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BVCCTrustees Annual Report March 2025
Trustees. responsibilities statement
The Trustees 8re responsible for preparing the Trustees, report and the fin8nci81 statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year.
Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the situation of the charity and of the incoming
resources and application of resources, including the income and expenditure, of the charity for
that period. In preparing these fin8ncial statements, the Trustees are required to-
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP-
make judgments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is in8ppropri8te to
presume that the charity will continue in operation.
The Trustees 8re responsible for keeping 8dequate 8ccounting records that are sufficient to
show and explain the charity's transactions and disclose with reasonable accuracy at any time
the financial position of the charity and enable them to ensure that the financial statements
comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charity's website. Legislation in the United Kingdom governing the
preparation and di88emination of financial statements may differ from legislation in other
jurisdictions.
This report was approved by the Trustees, on .
10-05-26
.and signed on their behalf by:
Docu8b3Mdty'.
llnLUd PbPWE
Sa
é1'uie61￿,￿hair
Registered Charity No 1204021

Independent Examiner's Report to the Trustees (hereinafter "trustees" of
of Beneficial Veracious Christ Church Charity Registration Number: 1204021
This report on the financial statements of the charity for the year ended 31 March 2025,
which are set out on pages 9 to 15, is in respect of an examination carried out in
accordance with section 145 of the Charities Act 2011 {'the Act,).
Respective responsibilities of the trustees and examiner
As trustees of the charity, you are responsible for the preparation of the accounts. You
consider that the audit requirements of section 145 of the Charities Act 2011 (the Act)
do not apply and that an independent examination is needed.
It is my responsibility to issue this report on those accounts in accordance with the
terms of the Regulations and to..
examine the accounts under section 145 of the Act.,
follow the procedures laid down in the general Directions given by the Charity
Commission under section 145(5)(b) of theAct;
State whether particular matters have come to my attention.
Basis of independent examiners report
My examination was carried out in accordan￿ 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 accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as members concerning any such matters. 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 accounts present a "true and fair
view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention..
which gives me reasonable cause to believe that, in any material respect, the
requirements..
to keep accounting records in accordance with section 130 of the Act., and
to prepare accounts which accord with the accounting records and comply
with the accounting requirements of the Act and the Regulations have not
been met., or

2 To which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Date.. 1010512026
Mr. J S Gweme MBA, FCCA
1A Sussex Drive
Chatham,
Kent
ME5 ONJ

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BVCCTrustees Annual Report March 2025
STATEMENT OF FINANCIALACTIVITIES
INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH
2025
Note.
Income
Unrestricted Funds 2025
Total Funds 2025
Donations and legacies
15,268
15,268
Other Income
5,729
5,729
Total income
20,997
20,997
Expenditure
Unrestricted Funds 2025
Total Funds 2025
Charitable activities
98,189
98,189
Total expenditure
Net movement in funds
177,1921
177,1921
Reconciliation of funds
Unrestricted Funds 2025
Total Funds 2025
Total funds brought fonNard 750.558
750.558
Net movement in funds
177.1921
177.1921
Total funds carried forward
673,366
673,366
The Statement of financial activities includes all gains 8nd losses re¢ogni$ed in the ye8r.
The notes to the accounts form part of these financial statements.
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BVCCTrustees Annual Report March 2025
BALANCE SHEET AS AT 31 MARCH 2025
Fixed assets 4.
Tangible assets
Unrestricted Funds 2025
Total Funds 2025
681.669
681.669
Current assets
Unrestricted Funds 2025
Total FunL1s 2025
Debtors
6,789
6,789
Cash at bank and in hand
24,681
24,681
Creditors..
139,7741
139,7741
Non interest Bearing Loan
Net current assets
18,3041
18,3041
Total assets less current
Total net assets
673,386
673,366
Charityfunds
Unrestricted Funds 2025
Total Funds 2025
Restricted funds
Unrestricted funds
673,366
673,366
Total funds
673,366
673,366
The financial statements were approved and authorised for issue by the Trustees and signed on
their behalf by:
Docu8b3Mdty'.
Elder S Okonne (Chair Board of Tru
10-05-26
C382fAG2 .
Rev Regina Osei-Gyamfi ITrusteel .
10-05-26
396CCE37D11C4
The notes to the accounts form part of these financial statements.
Registered Charity No 1204021
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BVCCTrustees Annual Report March 2025
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1. Aecountlng pollcles
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 (effective 1 January 20151- (Charities SORP IFRS 10211, the
Financi81 Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 and the
CompaniesAet 2006.
Beneficial Veracious Christ Church meets the definition of a public benefit entity under FRS
102.
Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy.
1.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware
that probate has been granted, the estate has been finalised, and notification has been made by
the executorlsl to the Trust that a distribution will be made, or when a distribution is received
from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the
amount can be measured reliably and the charity has been notified of the executor's intention
to make a distribution.
Where legacies have been notified to the charity, or the charity is aware of the granting of
probate, and the criteria for income recognition have not been met, then the legacy is treated as
a contingent asset and disclosed if material.
Donated services or facilities are recognised when the ch8rity has control over the item, any
conditions associated with the donated item have been met. the receipt of economic benefit
from the use of the charity of the item is probable and that economic benef it can be measured
reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer time of the
Friends is not recognised and refer to the Trustees, repolt for more information about their
contribution.
On receipt, donated professional services and donated facilities are recognised based on the
value of the gift to the charity which is the amount the charity would have been willing to pay to
obtain services or facilities of equivalent economic benefit on the open m8rket- a corresponding
amount is then recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
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BVCCTrustees Annual Report March 2025
Income tax recoverable in relation to investment income is recognised 8t the time the
investment income is receivable.
1.3 Expenditure
Expenditure is recognised once there is a legal or Constructive obligation to transfer economic
benef it to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified
by activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each 8Ctivity. Direct costs attributable to a
single activity is alloc8ted directly to that activity. Shared costs which contribute to more than
one activity and support Costs which 8re not attributable to a single activity are apportioned
between those activities on a basis consistent with the use of resources. Central staff costs are
allocated based on time spent, and depreciation charges allocated on the portion of the asset's
use.
Charitable activities and Governance costs are costs incurred on the charity's operations,
including support costs and costs relating to the governance of the charity 8PPOrtioned to
charitable activities.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets are carried at cost. net of depreciation and any provision for impairment.
Depreciation is provided at rates calcul8ted to write off the cost of fixed assets, less their
estimated residual value. over their expected useful lives on the following bases=
Freehold property- 40/0 Straight line
Off ice equipment- 2596 straight line
Computer equipment- 25Vo Straight line
1.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be rneasured
reliably by the charity., this is normally upon notification of the interest paid or payable by the
Bank.
1.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount
offered.
Prepayments are valued at the amount piepaid net of any trade discounts due.
1.7 Cash at Bankand in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
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1.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date because of a
past event, it 18 probable that a transfer of economic benefit will be required in settlement, and
the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount
that the charity anticipates it will pay to settle the debt or the amount it has received as
advanced payments for the goods or services, it must provide. Provisions are measured at the
best estimate of the amounts required to settle the obligation. Where the effect of the time
value of money is materi81, the provision is based on the present value of those amounts,
discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised within interest payable and similar charges.
1.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that quality as basi
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value apart from bank loans which are
subsequently measured at 8mortised cost using the effective interest method.
1.10 Penslons
The charity operates a defined contribution pension scheme, and the pension charge
represents the amounts payable by the charity to the fund in respect of the year.
1.11 Fund a¢¢ounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
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BVCCTrustees Annual Report March 2025
2.Income from donations and Legacies
Unrestricted Funds 2025
15,268
4.660
1,069
Total Funds 2025
15,268
4.660
1,069
Donations & Legacies
GiftAid
Other Income
3.Charitable activities costs
Unrestricted Funds 2025
98.189
Total Funds 2025
98.189
Charitable activities
CharitabLe Expenditure
Amount
32,624
300
1.890
12,593
928
597
180
824
556
Depreciation
Ghana Mission
Musicians & Musical Accessories
Premises Expenses
Subscriptions
Surveillance & Security cost
Office Expenses
Telephone & Web Costs
Printing. Postage & Stationery
Travel costs
Legal & Professional Fees
Wages and salaries
Governance costs
3,894
150
42,602
1,050
The average number of people employed in 2025=
No.
Church staff
No employee received remuneration amounting to more than £60,000120251: Nill.
Registered Charity No 1204021
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BVCCTrustees Annual Report March 2025
4.TangibLe fixed assets
Freehold property, Fixtures and fittings, Office equipment, Computer equipment
Cost or valuation
Freehold
property
762.750
Fixtures &
fittings
35,507
Off ice
equipment
7.392
Computer
equipment
1.067
Total
At 1 April
2024
Additions
At 31 March
2025
Depreciation
806,716
8,121
770,871
8,121
814,837
35,507
7,392
1,067
Freehold
property
60,774
Fixtures &
fittings
35,503
Office
equipment
3,696
Computer
equipment
571
Total
At 1 April
2024
Charge for
the year
At 31 March
2025
Net book value
100,544
30,510
1,848
266
32,624
91,284
35,503
5,544
837
133,168
Freehold
property
679,587
Fixtures &
fittings
Office
equipment
1,848
Computer
equipment
230
Total
At 31 March
2025
At 31 March
2024
681,669
701,976
3,696
496
706,172
5.Debtors
Unrestricted Funds 2025
6,789
Total Funds 2025
6,789
Other debtors
6.Creditors: Amounts falLing due within one year
Unrestricted Funds 2025
Total Funds 2025
37,733
37,733
591
591
1,450
1,450
Other loans
Other creditors
Accruals and deferred
income
Total
139,7741
139,7741
Registered Charity No 1204021
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