GLOBAL PRESBYfERIAN WORSHIP CENTRE - KENT TRUSTEES. REPORT & FINANCIAL STATEMENTS FOR ThE PERIOD FROM 21 NOVEMBER 2023 TO 31 DECEMBER 2024 Charity Number: 1205986
GLOBAL PRESBYTERIAN WORSHIP FINANCIAL sfATEME14TS FOR THE PERIOD ENDED 31 DECEMBER 2024 CONTEMfs Page Charity Infomiati Trustees Report ststement of ftnandal artivitles Balan sheet Note5 to the finandal Statnts Treasurerfs statement 12 Indepetht examinerfs POrt 12
GLOBAL PRESBYfERIAN WORSHIP CEKfRE - KEKr CHARrrY INFORMATION Trustees Rev DrAmpaabtrKJ Gyedu Kyeremeh Rev Dr Vidor Okce Ab Ms Joyce Asare Ebenew Kofi Topa Marfo SO Lee Christsn Centre BarThJ Road Londw SE12 0 Prlndpal Bank• M•tro Bank DA6 7JN Charlty R•ulrtrnllon 1205986 Independent Examlntr C¢ A¢oxmt*y Ser¥wAs (UK) Ltd 3> Cr& Lrma 8exleyh&alh Dfvfj 8EB
GLOBAL PRESBYfERIAN WORSHIP CENTrE- I(ENr TRUSTEES REPORT FOR THE YEAR ENDEO 310ECEMBER 2024 Thè Trustees of Ihe Church yesent they r8PJrt t&3ethw ryth the Financ Statements for th8 peril ended 31 Oecember 2024. The Twstees W adopted the prNwn6 ofthe Accounkng aThJ Reports"ng Charitses Guth and the Statement of Re¢(mmen¢Jed PfaetKe ISORPIIFR81021 In prepaiing Ihe ATrThJal R•pJrt Slotwnert olthe Churth. LEGAL 8TATUS Gk) Pr85byterian Wcrthp Centre. K•nt 15 a d• IrKorF¢yated ¢xgani5albJn wi$twJ on 21 November 223 wth regL8tr81)n nurnber 12Cth86 GOVERNANCE AND INTERNAL CONTROL Th• Truste rneet once a month. to discuss aw rev8nt Mutters. When required. an emergenLy meeting can be calkd outstyae th•a• meetings. They have conslered ether there 8re ny moior risks thBt the Church may rJJrrenty be exposed to and. thus far. are of the opinion th8t none exk%t. They consbjor tw financ4al control and rnonttn9 u Tru$lees and the entlre cuwreg8kn owve to mlW• such ri5k8. OBJECTIVES OF ThE CHARrrY The eèJaetN8s oflh¢ Chur( lo ad¥anct rdpan in Actcrfdane• th& chn.lan Foth ty rn1 l•dIan ond tra1n9, h relefofwthty and PRINCIPAL ACTMTIES To thgnc• Chrflban and th• •itlu. kl•Akn wtrKWo101th? Pre$bl#n Church lor th8 b8Mfft To pro¥klB a0, counselkng wNt wpp¢yl ts man. and •dau0n br th8 rol01 The adv8nem•nt of ethrtation and tho provffjKJn oftsdlth8 tr r•rntth knisure Ime occupalknn In Ihe Interesl ol s(tial Ylfare and Ihe oty"•ct ol ImpMn9 the c4yJthni ol the members and Iheir chikjren and the cKJmrnwty at IBrg8.
GLOBAL PRESBYTERIAM WORSHIP CEIrnIE- KE14T TRUSTEES REPORT FOR THE YEAR ENDED 31 DE¢EM8ER 2024. ¢ontlnwl FINANCtAL REVIEW The net irKoming soUrCeS ofthe Church forthe w>J end•J 31 Doeomt•r 2024 8moLinted to £86,423. It k% the 01th8 Trust88s thai th8 free r•serves ofthe Churth 8houfv bo held as ojrrent aets, in (¥der to meti ttrture requiremerrts of ts arAThiths At 31 D•twntf 2024, the re1 o1th8 L%wrch £42,e43. Oli1. fvnd. STATEMENT OF TRUSTEES RESPONSIBILITIES Tho Tty8t •r• re8pyI) fe¢ Ihe Trpjthw. Arrn Report thg ffinants 8tstements in accordance Jknf and Ihe provis& of the Staterneni of ReMMended Pftice'."AccountiryJ and Reporbrs by Chanbgs" In xc0rdal Finand¥l Repoiting Standard aFWkabkn in lh• UK and lh• of Ireland IFRS11Y21. L8W5 appluNe lo tharftlos in EngLaryl oThJ Wab¥ reqr• Ihe Twstees to Were flnandal statements for •ach flnantial ye8r. 4 trug and lairviwof the chadty and tt8 Inctsnl r•sourcg$ and applubon 01 ¥08tyJf8 ofth8 chanty ts Ihat . In preparfng theB8 fin8nriol 8taiornent8, the Truslee8 arn r•qulr•J 10.. ¥uitabk8 nts"n9 pC4K1 aThJ them Observe th• method8 aTrJ prirupk8 oflh• SORP Make judgemont5 ond e8lmatss that arn r8asM8bkn aTrJ wud¢nt stste whether aptle UK knntkng Stafyaards ha¥e been foyAEd. 8ubJect to •ny material departures disdosed and explalned In ffte fthanc818tstem•nt5 Prnpar• th• flnan¢i¥i slatem¢nts on the go¥fj c¢rn unb•$11 l• to pr•8umo Ih•t th• tharfty wll o)ntinue In otrnlkn1 Th• Tw8tee8 ore reayO tr k•eFrfn9 prcyer &>>" whh achxe Xth r08sonBt4¢ accurw at Bfby lkne th• fiTranL?al positbjn ol Ihe chonty and •n8bl8 Ihern to en8ure that Ihe fm#nciBI slatemenls compty wilh the Chanbes NLt 2022 ar1 th¢ Charty INrxounti and Repts) IFRS1021. They a also responslblo fe¢ s8fegu8rding lh• assets of the chonty. Thty ar# reSpOn$th for ron0b steps for Ihe wevenlTh 8nd dete of fraud aTha oth•r IrreguLqrl. Sned on behalloftho TnAt•ts 21 Oct 2025 Eben8zer Kofi M8rf0 TnJ8tee Dal8'.
GLOBAL PRESBYTERIAN WORSHIP cElRE. KENT srATEMEKf OF FINANCIAL ACTIvfTIES FOR THE PERIOD FROM 21 NOVEMBER 2023 to 31 DECEMBER 2024 TOTAL 2024 Vdurtary 58.643 S8.643 BulhllryJ Fd InveSts)t IrKt¥ 7.561 7,561 219 219 Tol•l Incumlng r•wuM $8A62 7,561 66A23 Cifjt of GeneTrlThJ Fur Mlnistetsl ctsts 6,585 33.297 2,120 4SO 33.297 2.120 450 42A52 42A52 16,410 7,561 23.971 Furth blfvid 21 Ilo¥nbv 2023 1&712 18,712 Totsl Funth ¢Ifv 310tt 2024 35,122 7J61 42.683
BALAN SHEEf As AT 31 DECEMBER 2024 2024 FIXEDAS5EfS Tan8ible assets CLIVIRENT ASSETS Dèbtors Clsh at Bank Tot•1 current asstts 301 35WI 7,561 7,561 38.402 43,402 flRENT UABIUTIES Credltors 4X* 450 35.391 7.561 42.952 THE WJND5 OFThE CHAAirY Funds.. UnreSttted1Unds Rostrkted lunds 35,122 35.122 7.561 7.561
5.1 7.561 6•3 210¢12025 APPROVEO by Church on................................ Ind SI8 tyjoyctA4 ITrn•surerlTrwtttl I•ture>
NOTESTOThE sfATEMENTOF FINANOAL IcnirynE5 FOR THE PERIOD FROM 21 IIOVEM8ER 2023TO 31 DECEMOER 2014 ACCOUNTING POUCIES The Financwl Statements ha¥e trken wepjred In aecwthncewith the Ststement of Recommended Pracbte.. Accountin8and Reportin8 ofChJritles ISORP 2C¥JS1 isyjed ihecharrtycommi0n. The ac£ruals ba5 ol accountln8 h•s been adopted. and PrIpaI accouThfjnR polldes out belOwareap consisttntlv. Ib FuthdAcc4lUntl•i Unrestricted fundsare avallatAe foruseatthdlscretknn ofbkchwch Infvrtherath ot4t5tharltsbtt objectlves. Restricted funds are subJ¥teOto rertrfcuonsan twewendlture Inwstd tythe (kn. orconuld In thp terms of a y•ni. Endowrnent funds bre fundsth¢upltsl ol whth must be molntskn)ed, rK+rffl•lfy onty Incoffle ar1 from Investmentof endowment may be vsed, ethr as restted or StriCte{l the Pu1dtrrn% on whlth the eththjvmbent wasex•bllshed. Ic Twlbl¢ Flx•dAss•ts l assetSW5tln4 more than £l.CW ore Ca11$e0 Depreclatlon Is provlded 0Trtan8ib fixeda5%ts èttr r•te5ukulated t•wrtte offassets o¥er thtlr estymated uselul INes'. Équ4Jment. Flxtuies& Flltln 25% str•ht Ilne lobr4 yursl Id In11 Resowr All Voluntary Givin815 FIr1 $t•teMts fortr Perhjd In whlth It15recd¥ed. Dont10Th5 un¢Jer Grft plus •5%0cLedtiX rK¢)¥ery•re ret¢8ntsed as Incomewhtn the doNtkin1s recelved. Leiacies are accounted for when thelr is cert•kn un p¥opl¥qu1iW. Ro5wrc•s Expended Resources empended ari rqcothsed In the to wltththry •relncurredand IrKlude attrtbutaNe VAT whlch cannot be re¢o¥tred. Thty •re allrKated toth¢yrtlcular èttNityto whlth thry late. Go¥ern•ncecosts represeni (¥rect expendrture on thep%rbw¢eoftheChurth Intludlnithe pr0durtn •nd Ind¢perKlent suutlny olihese fin•rlJl sr•tementk As most ol managementand actNtyofthe Churth Is carried out byvdunteefs. this Intangib cost Is not includtd in the flnancial ststrnentsa5this ¥o¢unt4ry contrtOrt rothe Ilfeof the Church is InGry1Clwe. li T•x•tl The Church is a wistered tharity withln rneankn¢of T•xe5k rdln8ty, it lspotefjtialty exempt Irom ts•tlon in respeL of income •nd ca1•1 ealns recelved iotheext*nt tl%h Income are apF41ed to txcluthety tharitable wrp0sè5. No prOn for taxatk•n h•sbeon midekn t1finaNcIal 5tsteiThents
GLO8AL PRE$8YT&gfAN RSHIPCEl1Tr& . I 140TESTOTHE TEmENT0F FINANCIAL AcnwnES FOR THE PÉRIOD 21140VE141BER 2013TOJI DECEMBER 2024 TOTAL 2024 Note VOLuNfARY INCOME Tlthes and Offerin8S General Collertbns rithes Glft Sundrfes Thanks OFfethi 12,466 44.439 12,466 44.439 1.739 1.739 8UILDING FUNDS Bulldlrrf 7.561 7,561 INVE5MENT INCOME Bank Interest Loyatty Reward 219 219 219 219 COSTS OF GENEIIATIP4G FU14DS Cost of Fundraisin8tvents H•¢bYst ExFendkure MINISTERIAL cosrs M1551on Support Other Dlstritt Costs Mlnlstersl Pieichers Expenses Catech15t Expenses Sewon Ewn 4A12 4.612 1.273 1.273
NOTESTO THE sfATEMENT OF FINANCIAL AcnvmE5 FOR THE PERIOD FR¢)M 21 NOVEMBER 2023 TO 31 DECEMBER 2014 TOTAL 1024 COSTS OF CHURCH Acn¥infS Church cDsis'. 1n5trumentsllnstrumentalists ministratbn General Wehre Hall Rental Cooferenee Éxpews Junior YoLrth Expenses Women's Mlnistry Outreach Expenses 1.760 L713 4.050 1.7 1.713 4.050 6,324 4.579 1.423 2.653 4.579 IA23 2,653 Manaiemt •rJ Posta6e & Statlonery Motor & Tra%1 Expenses ank Ch•r8es Fl¥ed Assets ynder£l.C Sundry Expenses 2.769 1.925 170 2.769 1.925 170 Other Pro¢¢arnmes Ho$tat*1Y expenses s96 Other Éxpenses Loss Iprofiil on diskwAlvf t•b •sxt Oepreciotlon knnlversary Expenses 35 35 35 35
140TESTOTHE STATEMENT OF N14ANOALAcnvThES FOR THE PERIOD FROM 11 NOVEMBER 2023 T031 OÉCEMBER 2024 TOTAL 2024 D014ATION5 (ther DonaOn$ itso 2.120 GIMRFIANCE COSTS Independent Examiner Trait)iw Costs Accountln8Servkes Leyl Fee5 450 450 450 450 io EMPIOYMENrcosrs W•8es•nd salar Employer's NIC No efflKaiyee trlMe$01rt thon É6QtrAI. Durlng the yeai, the th•rlty had many voluntsrystsff No h•%* tttn p•idio Trusteesiurfr4the r
io NOTESTO THE STATEMEiif OF FifiANaALAcTrvmES FOR THE PERIOD FROM 21 NOVEM8ER 2023TO 31 DECEMBER2024 YOTAL li DEBTORS 12 W4KAND C45H BALAXCES Barclays Metro Current Metro Deb)OSit Metro- Bulld1 Fund 3A94 1968 25.180 3,694 1.968 25.180 7,561 7,561 Cash Nènd ij CLIRRE14T UAoiimÉs creditors payable withln one ye•r South London Misjlgn Support Independent Examlner 490 450 450 450 14 AE5TAicfED FUIIDS TNI Church curreffl At#rtted Funds
li NOTESTO THESTATEMENf OF FIIIAPICIAiACTl¥lnES FOR THE PERIOD FROM 21 NOVEMBE112023 TO 11 DECÉMBER ZOZ4 15 UNRESTrICTED FUNDS AT 21-No23 AT 31-Dec-24 Geheral Fu¥ n2 14410 35,12Z 16 DESIGNATED FUN AT 21-140¥-23 OUWI AT 3l-D•c.24 Bl01n1 FuTrJs 7.561 7,561 17 REiATtD PARTY Trre Ire no h0W•htyexpenw tr+nYTrltttdUrf the KthJd 21 Nobmber 2023 to 31 Decemr 2024. Note 7. IJnderMl$frl1 COM. no Tr1151ees were 2024
GLOBAL PRESBYfERIAN WORSHIP CEIITrE . KENT 12 FINANCIAL sfATEMENTS PERIOD ENDED 31 DECEMBER 2024 TrEASURER'S sfATEMErir I have prepa1 tt flnarLial slatements p•¥5 1 to 5 fry the 31 DeMb 2024. 21 Ocl 2025 Date: ................................. INDEPENDENT EXAMINERS REPORT 31 Derntr 2024, whlth are set on pw I to 5. A5 the Ctsrtty'sTrustees are rewgb for the &YeparatK of the xayjnts and ¢jer that thè Charltvs Trustees that an ajrt is not rv]ui¥8J for thls year L44(21 of the thare5 2011 2011 that an +ra)etht e>3nlnatk Ls nealed. Haj sabsfied rnyEelf that the Ch•rty b)t to audit uThJer the o)mpany Law and Is deglbbe for e3na.r. rt Is my resr#)nS11lfv to.. l. e¥amine the acc(Jnts uThr sth 145 oftt 2011 fvLt' 2. to follow the prirethjres laKI in the ffftral C¥rths the Charlty Cmts9 under SectKJn 145(5llb} d the 2011 kt 3. to state partKular matters habt to my atten1j. BMI$ of Independent Examlrtrf Slatennt examinatlon was carrd cmrt in accordan wth tXre(YtyB ofthe ¢J)rlty Commlth, An e¥anlnatlc Includes a of the actOLX)ting rectyds kept dwrity and a comparism of the accounts esen those record& It a19) iue$ ¢Msderab"on of any unusual rtems or di9josjs In the nts, and seekirvJ eWanati(ms from as Trust&s CnIng any suth mattw5. The prlureS uThlertaken do not rrnlde all the evKkn that VlId te r8]uwgJ in an audi¢ aThJ c(wuently no onOn Is gNen as to whEther the aCcJnts preSt a'tn aTrJ fvir aTrJ the reF#Yt 6 Ilmlted trj those matters set In c(nectIon with my examination, matter has to my (11 whith 95 rea9xble rawe tp telle that in ary matukl resW the 1equirerts.' . ts keep Cntil¥ r&wd5 in [0rdarKe with sectscffi 130 ofthe 2011 Nrt,. and . ts) pre COUnts whith Koyd the accounb"rKJ records aTrJ to ¢x)m with the ac£(mjn r4uirurErts rfthe 2011 kt (lil to whith, in rrry On, atten be drnwn in to wwble a woper underndlng ofthe Slgned..................................................................... 21 Oct 2025