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
1
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.
2
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;
3
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.
4
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
5
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
6
## 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|
|---|---|---|
7
## 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
8
## 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|
|---|---|---|---|
9
## 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|
|---|---|---|
10
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.
11
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.
12
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|
|---|---|---|
13
## 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.
14
## 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
15
## 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
16
## 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|
|---|---|---|
17
## 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|
|---|---|---|
18