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Presbyterian Church of Ghana - Victory Congregation (UK)

Registered charity 1200872 · accounts filings on the Charity Commission register · also known as PRESBYTERIAN CHURCH OF GHANA, SOUTH LONDON DISTRICT - VICTORY CONGREGATION

The church promotes the practice of the Christian faith by preaching the Gospel of Jesus Christ to people to repent from their sins and accept Jesus Christ as their Lord and personal saviour and follow the teachings, tenets, doctrines and observances associated with of the Christian faith.

Causes: Religious Activities · Get email alerts

Latest income
£105k
Latest spending
£53k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves were £259,042 at year-end, held as current assets to meet future requirements. The charity reported a net incoming resource of £51,186 for the year, indicating positive financial performance. No material uncertainties or risks to going concern were disclosed.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient to continue the current activities should there be a significant fall in offertory levels (held: £259k)
“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.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Seth Koranteng was paid £2,507 for professional and accountancy services.
“During the period, Seth Koranteng who is a trustee was paid £2,507 (2023 -£2,658 for professional and accountancy services rendered to the church.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee remuneration/payment
“During the period, Seth Koranteng who is a trustee was paid £2,507 (2023 -£2,658 for professional and accountancy services rendered to the church.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£105k£53k
31/12/2023£86k£49k

Common questions

Is Presbyterian Church of Ghana - Victory Congregation (UK) financially healthy?

Per its FY2024 accounts: The accounts state that free reserves were £259,042 at year-end, held as current assets to meet future requirements. The charity reported a net incoming resource of £51,186 for the year, indicating positive financial performance. No material uncertainties or risks to going concern were disclosed. Its FY2024 accounts were independently examined.