2022-12-31-accounts - Faith Temple Church Of God(pentecostal)

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Registered number 1020761

Faith Temple Church of God (Pentecostal)

Report and Financial Statements

31 December 2022

Faith Temple Church of God (Pentecostal) Report and accounts Contents

	Page
Charity Information	1
Trustees' Report	2
Independent Examiner's Report	6
Statement of Financial Activities	7
Statement of Financial Position	8
Statement of Changes in Charitable Funds	9
Statement of Cash Flows	10
Notes to the Financial Statements	11
Detailed Statement of Financial Activities	17
Detailed Income and Expenditure Account	18

Faith Temple Church of God (Pentecostal) Charity Information

Trustees

Overseer Ulric T. Thomas (Chairman) (retired October 2020) Overseer Anthony Thomas (Chairman and Secretary) Mr Rayhill Dirwayi (Deacon) Mrs Ruth Young Miss Veronica B. Bryan Miss Valerie H. Castry

Independent examiners Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

Registered office 23 Ellison Gardens Southall Middlesex UB2 4EW

Registered number 1020761

Governing document Declaration of Trust dated 20 March 1991

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2022

The trustees present their report and financial statement for the Charity for the year ended 31 December 2022.

Principal activities

The Charity's principal activity during the year continued to be providing Christian services and a place of worship at 47 Chalvey Road, Slough, Berkshire, SL1 2NY.

Objectives and activities

The main objectives and activities of the charity are:

the worship of God, the instruction and edification of Christians;
the care and Christian instruction of young people and children;
the evangelisation of non-Christians;
the relief of sickness and poverty; and
the advancement of the Christian faith generally.

Public benefit

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. We exist to serve people in our community without discrimination. We strive to promote social welfare through the provision of facilities aimed at improving the social and physical wellbeing of those in our local community.

Activities during the year

The following activities took place during the year:

worship services;
prayer and Bible study/training;
Sunday School for youth;
church social events and fun day;
ladies and Old Age Pensioners (OAP) group;
local ecumenical meetings with local groups; and
annual church conventions and leadership training (as appropriate).

Financial review

Principal sources of funding

The largest contributions to the Church are from tithes and voluntary general offerings given by the local congregation.

Financial review

The Charity achieved a surplus of £10,355 for the financial year. At 31 December 2022, the Charity held total funds of £833,845; £82,865 of which was cash at the bank and in hand. (The rest is the value of fixed assets, £750,000 less creditors of £1,800.) This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2022

Reserves policy

The trustees have a forecast of the level of free reserves, (that is, those funds not tied up in fixed assets) that the Charity will require to sustain its day-to-day obligations. Whilst our actual free reserves may prove sufficient, it is the trustees’ view that it is prudent to maintain the forecasted level ofreserves to allow for financial flexibility.

Investment policy

The trustees have adopted a strong socially responsible investment policy for the reserves of the Charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investment are promoted. A further factor is the need to have ready access to our reserves, as long-term funding cannot be guaranteed, so for the current period, we have placed surplus funds in deposit accounts.

Risk management

The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels stated above, in addition to an annual review of the controls over key financial systems carried out through an internal audit process.

Internal control risks are minimised by authorisation procedures for all financial transactions. Policies and procedures are in place to ensure compliance with health and safety regulations and this being for staff, volunteers and visitors.

Structure, governance and management

Governing document

The Faith Temple Church of God (Pentecostal) is an unincorporated charitable organisation formed on 1 December 1989 and registered as a charity on 11 May 1993. The charity is governed by a Declaration of Trust dated 20 March 1991 which is supplemented by a Book of Discipline which is used for certain day-to-day procedures and activities.

Organisational structure

The General Conference is the supreme body of the Church. It is composed of the overseer and an equal number of ministerial and lay delegates.

The General Trustee Board has the supervision, in trust, of all property of the Church. At their regular meetings, the trustees agree the broad strategy and areas of activity for the Church, including consideration of allocation of funds, investment, reserves and risk management policies and performance.

Volunteers

There was an average of 15 volunteers throughout the year who aided in the running of the Charity.

The following activities took place during the year:

facilities management (incl. cleaning);
IT;
office administration and processing membership giving and general day-to-day activities i.e. answering call, reply to queries etc.;
service planning and co-ordination;

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2022

business, planning and project meetings;
hospitality and ushering; and
transportation of members and OAPs to and from church premises and other events.

Remuneration policy

Presently there is no formal remuneration policy in place; this will be a 2023 objective/goal of the Trustees.

Recruitment and appointment of trustees

The members of the General Trustee Board, which is the primary management body, are trustees for the purposes of charity law. New trustees may be appointed by a resolution of a meeting of the trustees.

Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its place of worship.

The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.

There were no new or additional trustees recruited in the year to 31 December 2022.

Trustee induction and training

Many trustees are already familiar with the practical work of the charity being active members of the Church and from being involved in other Churches and organisations.

New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with Church rules and practices.

Trustees

The following persons served as trustees during the year:

Overseer Ulric T. Thomas (Chairman) (retired October 2020) Overseer Anthony Thomas (Chairman and Secretary) Mr Rayhill Dirwayi (Deacon) Mrs Ruth Young Miss Veronica B. Bryan Miss Valerie H. Castry

Trustees' responsibilities

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. 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.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2022

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website as well as:

a) to prepare financial statements which show a true and fair view;
b) in preparing financial statements:
(i) to select suitable accounting policies and apply them on a consistent basis; and
(ii) to make judgements and estimates that are prudent and reasonable; as well as
c) to keep proper accounting records.

Disclosure of information to independent examiners

Each person who was a trustee at the time this report was approved confirms that:

so far as he is aware, there is no relevant audit information of which the Charity's independent examiner is unaware; and
he has taken all the steps that he ought to have taken as a trustee in order to make himself aware of any relevant audit information and to establish that the Charity's independent examiner is aware of that information.

This report was approved by the board on 23 October 2023 and signed on its behalf.

Anthony Thomas

Anthony Thomas (Oct 26, 2023 10:22 GMT+1)

Overseer Anthony Thomas (Chairman and Secretary) Trustee

Faith Temple Church of God (Pentecostal) Independent Examiner's Report to the members of Faith Temple Church of God (Pentecostal)

I report to the trustees on my examination of the accounts of the above charity ('the Charity') for the year ended 31 December 2022 which are set out in pages 1 to 18.

Responsibilities and basis of report

As the Charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Mark Jackson, BA FCA (Senior Statutory Auditor)

for and on behalf of Jacksons Chartered Accountants First Floor, Albion House Albion Street Hull HU1 3TE

23 October 2023

Faith Temple Church of God (Pentecostal) Statement of Financial Activities for the year ended 31 December 2022

Notes Income from charitable activities 2 Expenditure on charitable activities Net operating income Administrative expenses Operating surplus Interest receivable Interest payable 5 Movement in funds: Net income Reconciliation of funds Net movement in funds Transferred from revaluation reserve Total funds brought forward Total funds carried forward	2022 £ 85,048 (9,970) 75,078 (62,597) 12,481 52 (2,178) 10,355 10,355 - 823,490 833,845	2021 £ 55,117 (16,604) 38,513 (23,385) 15,128 4 - 15,132 15,132 (666,014) 1,474,372 823,490

Faith Temple Church of God (Pentecostal) Statement of Financial Position as at 31 December 2022

Notes Fixed assets Tangible assets 6 Current assets Debtors 7 Cash on deposit Cash at bank Cash in hand Creditors: amounts falling due within one year 8 Net current assets Net assets Capital and reserves Other reserves 9 Unrestricted funds 10 Total equity	2022 £ 750,000 2,000 70,235 12,630 780 85,645 (1,800) 83,845 833,845 605,000 228,845 833,845	2021 £ 750,000 4,178 45,511 23,576 225 73,490 - 73,490 823,490 605,000 218,490 823,490

Anthony Thomas

Anthony Thomas (Oct 26, 2023 10:22 GMT+1)

Overseer Anthony Thomas (Chairman and Secretary) Trustee

Approved by the board on 23 October 2023

Faith Temple Church of God (Pentecostal) Statement of Changes in Charitable Funds for the year ended 31 December 2022

This schedule does not form part of the statutory accounts

At 1 January 2021 Surplus for the financial year Deficit on revaluation of land and buildings Other comprehensive income for the financial year Total comprehensive income for the financial year At 31 December 2021 At 1 January 2022 Surplus for the financial year At 31 December 2022	Other reserves £ 1,271,014 - (666,014) (666,014) (666,014) 605,000 605,000 - 605,000	Income and Expenditure account £ 203,358 15,132 - - 15,132 218,490 218,490 10,355 228,845	Total £ 1,474,372 15,132 (666,014) (666,014) (650,882) 823,490 823,490 10,355 833,845

Faith Temple Church of God (Pentecostal) Statement of Cash Flows

for the year ended 31 December 2022

Notes Operating activities Profit for the financial year Adjustments for: Interest receivable Interest payable Decrease/(increase) in debtors Increase in creditors Interest received Interest paid Cash generated by operating activities Financing activities Repayment of loans Cash used in financing activities Net cash generated Cash generated by operating activities Cash used in financing activities Net cash generated Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December Cash and cash equivalents comprise: Cash at bank	2022 £ 10,355 (52) 2,178 2,178 1,800 16,459 52 (2,178) 14,333 - - 14,333 - 14,333 69,312 83,645 83,645	2021 £ 15,132 (4) - (2,000) - 13,128 4 - 13,132 (2,178) (2,178) 13,132 (2,178) 10,954 58,358 69,312 69,312

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

1 Summary of significant accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 1 January 2019 and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land.

Depreciation is not provided on freehold buildings because the residual value of the buildings at the end of their useful life is expected to be higher than its cost or valuation.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 (ITA 2007).

Fund accounting: restricted and unrestricted funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

Going concern

The accounts have been prepared on the going concern basis, which implies that the Trustees believe the Charity will be in operational existence twelve months from the date of approval of these accounts.

There are no material uncertainties.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

Government grants

The accrual model (FRS 102 24.5C-G) was applied in producing these accounts; therefore grants were recognised as either relating to revenue (over the period in which the Charity recognises the related costs for which the grant was intended to compensate) or relating to assets (over the expected useful life of the asset).

2 Analysis of income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Discounts allowed By geographical market: UK 3 Staff costs Wages and salaries Social security costs Other pension costs	2022 £ 33,205 4,756 5,645 41,352 90 85,048 85,048 2022 £ 18,202 5,011 550 23,763	2021 £ 37,446 9,986 - 7,685 - 55,117 55,117 2021 £ 6,192 (603) (102) 5,487

No employees received emoluments (excluding employer pension costs) of more than £60,000.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

th Temple Church of God (Pentecostal) es to the Financial Statements the year ended 31 December 2022
Average number of employees during the year	Number	Number
Pastoral services	1	1

4 Role played by general volunteers

Volunteers play a vital role in the running of the Charity and their contribution helps achieve the Charity its objectives.

5 Interest payable Bank loans and overdrafts 6 Tangible fixed assets Cost or valuation At 1 January 2022 At 31 December 2022 Depreciation At 1 January 2022 At 31 December 2022 Carrying amount At 31 December 2022 At 31 December 2021	Land and buildings At cost £ 750,000 750,000 - - 750,000 750,000	2022 £ 2,178 Plant and machinery At cost £ 62,500 62,500 62,500 62,500 - -	2021 £ - Total £ 812,500 812,500 62,500 62,500 750,000 750,000

The freehold property was informally valued by Focus Commercial, estate agents in Slough, in the region of £800,000 in March 2020. In the opinion of the trustees, the valuation of the property at 31 December 2021 was £750,000. The equivalent historical cost of the freehold property is understood to be £145,000.

7 Debtors Trade debtors Other debtors	2022 £ 2,000 - 2,000	2021 £ 2,000 2,178 4,178

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

8	Creditors: amounts falling due within one year	2022	2021
		£	£
	Trade creditors	1,800	-
9	Other reserves	2022	2021
	Revaluation reserve	£	£
	At 1 January	605,000	1,271,014
	Loss on revaluation of land and buildings	-	(666,014)
	At 31 December	605,000	605,000
	The freehold property was informally valued by Focus Commercial, estate agents in Slough, in
	the region of £800,000 in March 2020. In the opinion of the trustees, the valuation of the
	property at 31 December 2021 was £750,000. The equivalent historical cost of the freehold
	property is understood to be £145,000.

10 Funds At 1 January Net income for the financial year At 31 December Reserves Restricted and unrestricted funds At 1 January Unrestricted funds Net income for the financial year Unrestricted funds At 31 December Unrestricted funds Total funds carried forward	2022 £ 218,490 10,355 228,845 2022 £ 823,490 10,355 833,845 833,845	2021 £ 203,358 15,132 218,490 2021 £ 808,358 15,132 823,490 823,490

Unrestricted funds are available for use at the discretion of the trustees, in order to further the charity's objectives.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

11 Analysis of net assets between funds

Fixed assets Current assets Current liabilities	Unrestricted funds 750,000 85,645 (1,800) 833,845	Restricted funds - - - -	2022 £ 750,000 85,645 (1,800) 833,845	2021 £ 750,000 73,490 - 823,490

12 Related party transactions

The following payments were made to trustees during the financial year.

Overseer Anthony Thomas (Chai Trustee Overseer Anthony Thomas (Chai Trustee	£ 23,763 2,150	Reimbursements Wages and salaries for pastoral services
	25,913

No other trustees claimed expenses or had their expenses met by the Charity.

The legal authority under which the above payments were made was the Charity's governing document.

13 Presentation currency

The financial statements are presented in Sterling, rounded to the nearest pound (£).

14 Legal form of entity and country of incorporation

Faith Temple Church of God (Pentecostal) is an unincorporated charity and registered with the Charity Commission for England and Wales.

15 Principal place of business

The address of the charity's registered office is:

23 Ellison Gardens Southall Middlesex UB2 4EW

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2022

The address of the charity's principal place of business is:

47 Chalvey Road Slough Berkshire SL1 2NY

Faith Temple Church of God (Pentecostal) Detailed Statement of Financial Activities

also Income and Expenditure Account

for the year ended 31 December 2022

Notes Income from charitable activities Tithes and offerings 2 Gifts, donations and pledges Gift aid Other contributions Discounts allowed Expenditure on charitable activities Church: Worship Gifts and donations Catering and hospitality Other direct costs Net operating income Support costs Governance costs Operating surplus Interest receivable Interest payable Movement in funds: Surplus	2022 £ 33,205 4,756 5,645 41,352 90 85,048 (70) (2,839) (1,011) (6,050) (9,970) 75,078 (57,562) (5,035) 12,481 52 (2,178) 10,355	2021 £ 37,446 9,986 - 7,685 - 55,117 (935) (1,386) (418) (13,865) (16,604) 38,513 (22,015) (1,370) 15,128 4 - 15,132

Faith Temple Church of God (Pentecostal) Detailed Income and Expenditure Account for the year ended 31 December 2022

Income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Discounts allowed Expenditure on charitable activities Church: Worship Gifts and donations Catering and hospitality Other direct costs Administrative expenses Support costs Employee costs: Wages and salaries Pensions Employer's NI Staff training and welfare Travel and subsistence Motor expenses Premises costs: Rates Light and heat Cleaning General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Bank charges Insurance Software Repairs and maintenance Sundry expenses Support costs Governance costs Legal and professional costs: Independent examination fees Accountancy fees Advertising and PR Governance costs Administrative expenses	2022 £ 33,205 4,756 5,645 41,352 90 85,048 70 2,839 1,011 6,050 9,970 18,202 550 5,011 1,100 335 4,052 29,250 60 8,953 30 9,043 1,887 39 3,574 692 57 2,631 530 9,115 744 19,269 57,562 3,558 1,332 145 5,035 62,597	2021 £ 37,446 9,986 - 7,685 - 55,117 935 1,386 418 13,865 16,604 6,192 (102) (603) 300 250 1,338 7,375 1,188 2,393 454 4,035 1,347 142 321 548 9 3,057 50 4,043 1,088 10,605 22,015 - 1,348 22 1,370 23,385