CHARITY REGISTRATION NUMBER: 1209061
PRESBYTERIAN CHURCH GRACE CONGREGATION Unaudited Financial Statements 31 December 2025
BENSIRI CONSULTANCY SERVICES LIMITED
Certified Accountants Business Incubation Centre Durham Way South Newton Aycliffe Durham DL5 6XP
PRESBYTERIAN CHURCH GRACE CONGREGATION
Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 3 |
| Statement of financial activities | 4 |
| Statement of financial position | 5 |
| Statement of cash flows | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 13 |
| Notes to the detailed statement of financial activities | 14 |
PRESBYTERIAN CHURCH GRACE CONGREGATION
Trustees' Annual Report
Year ended 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
Reference and administrative details
Registered charity name PRESBYTERIAN CHURCH GRACE CONGREGATION Charity registration number 1209061 Principal office The trustees
Rev Dr Abbey Rev Amo-Agyei Ms Aninakwah Ms Acheampongmaa Ms Apenteng Mr Bekoe
Independent examiner Kofi Amaoah Bentil - LLM, CAT, BBA(Hons) Banking & Fin. Business Incubation Centre Durham Way South Newton Aycliffe Durham DL5 6XP
Structure, governance and management
Rev Kwame Amo-Agyei is the Head Pastor; he is responsible for the daily management of the Charity, with support from the Trustee members. Rev Dr Victor Okoe Abbey - Trustee member Joanne Adwoa Aninakwah - Trustee member
Nana Akua Acheampomaa - Trustee member Evelyn Afari Apenteng - Trustee member William Asiama Bekoe - Trustee member
Objectives and activities
TO ADVANCE THE CHRISTIAN RELIGION FOR THE BENEFIT OF THE PUBLIC THROUGH THE HOLDING OF PRAYER MEETINGS, LECTURES, PUBLIC CELEBRATION OF RELIGIOUS FESTIVALS, PRODUCING AND/OR DISTRIBUTING LITERATURE ON CHRISTIAN RELIGION TO ENLIGHTEN OTHERS ABOUT THE CHRISTIAN RELIGION AND SUCH OTHER WAYS AS THE TRUSTEES MAY DETERMINE.
Achievements and performance
The Church during the reporting year continues to support the community especially the homeless and poor with food, clothing and other personal hygiene items. The Church was also honoured to have led a number people in the society to Christ as new converted believers in the word of God
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Trustees' Annual Report (continued)
Year ended 31 December 2025
Financial review
A review of the financial position at the end of the charity's first reporting period suggest that a reasonable amount of assets are yet to be acquired and the charity is getting into a position where it can start holding financial reserves.
The trustees' annual report was approved on 31 December 2025 and signed on behalf of the board of trustees by:
Rev Amo-Agyei Trustee
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Independent Examiner's Report to the Trustees of PRESBYTERIAN CHURCH GRACE CONGREGATION
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of PRESBYTERIAN CHURCH GRACE CONGREGATION ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
I report on the accounts for the year ended 31st December 2025. Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 145 (1) of the Charities Act 2011) and that an independent examination is required. The charity's gross income is above £25,000 and I am qualified to undertake the examination by being a qualified Certified Accounting Technician, supervised by HMRC Anti-Money Laundering. Having satisfied myself that the charity is not subject to audit under the charity's Act 2011 and is eligible for independent examination, it is my responsibility to: examine the accounts under Section 145(a) of the 2011 Act and to state whether particular matters have come to my attention.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 134 of the 2011 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kofi Amoah Bentil - LLM, CAT, BBA(Hons) Banking & Fin. Independent Examiner
Business Incubation Centre Durham Way South Newton Aycliffe Durham DL5 6XP
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 111,425 | – | 111,425 | – |
| -------------------------------- | -------------- | -------------------------------- | -------------- | ||
| Total income | 111,425 | – | 111,425 | – | |
| ================================ | ============== | ================================ | ============== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 5 | 85,519 | (5,000) | 80,519 | – |
| -------------------------------- | ----------------------- | -------------------------------- | -------------- | ||
| Total expenditure | 85,519 | (5,000) | 80,519 | – | |
| ================================ | ======================= | ================================ | ============== | ||
| -------------------------------- | ----------------------- | -------------------------------- | -------------- | ||
| Net income and net movement in | funds | 25,906 | 5,000 | 30,906 | – |
| ================================ | ======================= | ================================ | ============== | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 231,475 | – | 231,475 | 231,475 | |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 257,381 | 5,000 | 262,381 | 231,475 | |
| ================================ | ======================= | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Statement of Financial Position
31 December 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 9 | 83,524 | 83,524 |
| Cash at bank and in hand | 192,315 | 161,409 | |
| -------------------------------- | -------------------------------- | ||
| 275,839 | 244,933 | ||
| Creditors: amounts falling due within one year | 10 | 13,458 | 13,458 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 262,381 | 231,475 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 262,381 | 231,475 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Restricted funds | 5,000 | – | |
| Unrestricted funds | 257,381 | 231,475 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 11 | 262,381 ================================ |
231,475 ================================ |
These financial statements were approved by the board of trustees and authorised for issue on 31 December 2025, and are signed on behalf of the board by:
Rev. Kwame Amo-Agyei Trustee
The notes on pages 7 to 11 form part of these financial statements.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Statement of Cash Flows
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 30,906 | – |
| ---------------------------- | -------------- | |
| Cash generated from operations | 30,906 | – |
| ---------------------------- | -------------- | |
| Net cash from operating activities | 30,906 | – |
| ============================ | ============== | |
| Net increase in cash and cash equivalents | 30,906 | – |
| Cash and cash equivalents at beginning of year | 161,409 | 161,409 |
| -------------------------------- | -------------------------------- | |
| Cash and cash equivalents at end of year | 192,315 | 161,409 |
| ================================ | ================================ |
The notes on pages 7 to 11 form part of these financial statements.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is .
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations type 1 | 111,425 | 111,425 | – | – | |
| ================================ | ================================ | ============== | ============== | ||
| 5. | Costs of raising donations | and legacies | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies - Donations | 85,519 | (5,000) | 80,519 |
||
| ============================ | ======================= | ============================ |
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Financial Statements (continued)
Year ended 31 December 2025
5. Costs of raising donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Costs of raising donations and legacies - Donations | – | – | – | |
| ============== | ============== | ============== | ||
| 6. | Independent examination fees | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 500 | – | ||
| ============== | ============== |
7. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
8. Trustee remuneration and expenses
No Trustee received a remuneration during the period
9. Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other debtors | 83,524 | 83,524 | |
| ============================ | ============================ | ||
| 10. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other creditors | 13,458 | 13,458 | |
| ============================ | ============================ |
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Financial Statements (continued)
Year ended 31 December 2025
11. Analysis of charitable funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 January | 20 | 31 Decembe | ||||
| 25 | Income | Expenditure | r 2025 | |||
| £ | £ | £ | £ | |||
| General funds | 231,475 | 111,425 | (85,519) | 257,381 |
||
| ================================ | ================================ | ============================ | ================================ | |||
| At | At | |||||
| 1 January | 20 | 31 December | ||||
| 24 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| General funds | 231,475 | – | – | 231,475 | ||
| ================================ | ============== | ============== | ================================ | |||
| Restricted funds | ||||||
| At | At | |||||
| 1 January | 20 | 31 Decembe | ||||
| 25 | Income | Expenditure | r 2025 | |||
| £ | £ | £ | £ | |||
| Restricted Fund 1 - desc in a/cs | – | – | 5,000 | 5,000 | ||
| ============== | ============== | ======================= | ======================= | |||
| At | At | |||||
| 1 January | 20 | 31 December | ||||
| 24 | Income | Expenditure | 2024 | |||
| £ | £ | £ | £ | |||
| Restricted Fund 1 - desc in a/cs | – | – | – | – | ||
| ============== | ============== | ============== | ============== | |||
| 12. | Analysis of changes in net debt | |||||
| At | At | |||||
| 1 Jan 2025 | Cash flows | 31 Dec 2025 | ||||
| £ | £ | £ | ||||
| Cash at bank and in hand | 161,409 | 30,906 | 192,315 | |||
| ================================ | ============================ | ================================ |
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Management Information
Year ended 31 December 2025
The following pages do not form part of the financial statements.
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations type 1 | 111,425 | – |
| -------------------------------- | -------------- | |
| -------------------------------- | -------------- | |
| Total income | 111,425 | – |
| ================================ | ============== | |
| Expenditure | ||
| Costs of raising donations and legacies | ||
| Rent | (5,000) | – |
| Light and heat | 10,000 | – |
| Other motor/travel costs | 15,000 | – |
| Other office costs | 60,519 | – |
| -------------------------------- | -------------- | |
| 80,519 | – | |
| -------------------------------- | -------------- | |
| ---------------------------- | -------------- | |
| Total expenditure | 80,519 | – |
| ============================ | ============== | |
| ---------------------------- | -------------- | |
| Net income | 30,906 | – |
| ============================ | ============== |
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PRESBYTERIAN CHURCH GRACE CONGREGATION
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Costs of raising donations and legacies | |||
| Costs of raising donations and legacies - Donations | |||
| Donations - rent | (5,000) | – | |
| Donations - light & heat | 10,000 | – | |
| Donations - other motor/travel costs | 15,000 | – | |
| Donations - other office costs | 60,519 | – | |
| ---------------------------- | -------------- | ||
| 80,519 | – | ||
| ---------------------------- | -------------- | ||
| ---------------------------- | -------------- | ||
| Costs of raising donations and legacies | 80,519 | – | |
| ============================ | ============== |
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