2023-12-31-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 2023

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

	Page
Charity Information	1
Trustees' Report	2
Independent Examiner's Report	8
Statement of Financial Activities	9
Statement of Financial Position	10
Statement of Changes in Charitable Funds	11
Statement of Cash Flows	12
Notes to the Financial Statements	13
Detailed Statement of Financial Activities	19
Detailed Income and Expenditure Account	20

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 Mr. Emile Thomas (appointed June 2023)

Independent examiners

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

Registered office

4 Hotham Road Wimbledon London SW19 1BS

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 2023

The trustees present their report and financial statements for the Charity for the year ended 31 December 2023.

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 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

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 2NJ.

Objectives and activities

The main objectives and activities of the Charity are:

the worship of God, the instruction and edification of Christians;
the church being opened to all members of the public for personal prayer;
conducting pastoral work: visiting the sick and the bereaved;
the care and Christian instruction of young people and children;
the evangelisation of non-Christians;
the relief of sickness and poverty;
promoting the vision & mission of FT Church through activities for senior citizens; help to the homeless and those in 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 we 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.

The Charity provides a safe working environment for visitors, members, workers and volunteers and any serious incidences are reported in accordance with our safeguarding policy. There were no serious incidents during the year ended 31 December 2023.

Fundraising

The Charity raises funds from the church congregation / church members in the form of donations as "tithes" and "offerings".

The Charity does not use the services of a professional fundraiser or commercial participator in the process of raising funds. Also, the Charity (or any person acting on its behalf) is not subject to any voluntary scheme for regulating fundraising, or voluntary standard for fundraising in respect of activities on behalf of the Charity.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2023

The Charity (or any person acting on its behalf) has not received any complaints in regard to its fundraising activities.

Activities during the year

The following activities were carried out during the year:

weekly worship services;
weekly Bible Study and Sunday School sessions;
women's fellowship conferences;
youth fellowship conferences;
ministry training and leadership seminars;
regular homelessness outreach activities;
donations to church members; and
missions overseas.

A personal note from Overseer Anthony Thomas

Our vision for Faith Temple Church of God (Pentecostal) ("FT Church") continues to develop with a growing determination to model the love of Christ - bringing positive transformation in our community through our church ministry. We long for every man, woman, and child to both hear and see in action the good news message of God's great love and mercy in their personal lives.

FT Church is a thriving community of Christians. In whatever way people connect to the the church, they are made to feel welcome and engaged, and it is our continued aim to encourage one another to be wholehearted disciples of Jesus. Ministries that were unable to function fully during the COVID lockdown season are once again beginning to thrive and with fresh vision; and the involvement of new people has brought about a fresh expectation of God' s blessing upon the work of the ministry.

We do not want to forget those fathers, mothers, and pioneers that died as a result of the pandemic – they laboured hard for us to see a brighter day and future – we salute them highly! As a church, we are truly blessed with people who have and continue to give generously their time, support and finances.

Plans for the future

FT Church seeks to be an influence of good in our local community and beyond, as we live authentic lives as disciples of the Lord Jesus Christ. FT Church will continue to listen and respond to the call of God in the coming season. We recognise that it is God who builds His church as we surrender to His will both corporately and as individuals. Prayer remains central to our call and ministry along with a commitment to deepen relationships and connectedness as a body.

We will work to encourage our children and young people, to support and care for our older generation.
We will continue to focus on the three key areas of the vision as follows: to reach the lost, to restore the broken-hearted, and to refresh believers.
• We will continue to develop our worship ministry team and expressions of worship in the church.
We will explore opportunities to support local and overseas missions with a view to be more actively involvement in missions and overseas ministry.
We will equip our church congregation to become more fluent and confident to share their faith story with others and to be encouraged to reach out to those who have not yet found faith in Jesus.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2023

In conclusion, though we are blessed to own our own church building, we are challenged with various constraints - not being able to offer the variety of community programmes we would like, for example - and therefore are in need of a bigger building.

Financial review

Principal sources of funding

The largest contribution to the Charity is from voluntary donations ("tithes and general offerings") by the Church's members.

Financial review

The Charity achieved a surplus of £9,135 for the financial year. At 31 December 2023, the Charity held total funds of £842,779 – that is, £94,279 cash at the bank and in hand, £750,000 in the value of fixed assets, less creditors of £1,500. This, in all, is considered to be an appropriate level of funds to enable the Charity to pursue its objectives.

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 of reserves to allow for financial flexibility and stability in light of the Charity’s dependence on voluntary donations.

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 bank deposit and bank current accounts.

Risk management

The trustees actively review, on a regular basis, the major risks that the Charity faces in maintaining reserves at the levels detailed 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; and policies and procedures are in place to ensure compliance with health and safety regulations by, and for, staff, volunteers and visitors.

The trustees have also examined other operational and business risks which the Charity faces and confirm that they have taken steps to mitigate any significant risks.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2023

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 were 15 volunteers, excluding trustees, throughout the year who aided in the running of the Charity.

Volunteers aided in the following activities 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;
planning and project meetings;
hospitality and ushering; and
transportation of members and OAPs ("Old Age Pensioners" group) to and from church premises and other events.

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 was 1 new/additional trustee recruited in the year to 31 December 2023.

Trustee induction and training

Many trustees are already familiar with the practical work of the Charity as they are also active members of the church as well as involved in other churches and organisations.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2023

New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with the Charity's rules and practices. These cover:

the obligations of Trustee Board;
the operational framework for the Charity;
the current financial position and revenue generation; and
future plans and objectives.

Trustees

The following persons served as trustees during the year:

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.

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.

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Trustees' Report for the year ended 31 December 2023

This report was approved by the board on 14 October 2024 and signed on their behalf.

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 2023 which are set out in pages 9 to 21.

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

14 October 2024

Faith Temple Church of God (Pentecostal) Statement of Financial Activities for the year ended 31 December 2023

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 Total funds brought forward Total funds carried forward	2023 £ 68,452 (10,385) 58,067 (49,643) 8,424 711 - 9,135 9,135 833,644 842,779	2022 £ 84,847 (9,970) 74,877 (62,597) 12,280 52 (2,178) 10,154 10,154 823,490 833,644

Faith Temple Church of God (Pentecostal) Registered charity number: 1020761 Statement of Financial Position as at 31 December 2023

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	2023 £ 750,000 - 70,946 22,447 886 94,279 (1,500) 92,779 842,779 605,000 237,779 842,779	2022 £ 750,000 2,000 70,235 12,629 780 85,644 (2,000) 83,644 833,644 605,000 228,644 833,644

Overseer Anthony Thomas (Chairman and Secretary) Trustee

Approved by the board on 14 October 2024 and signed on their behalf.

Faith Temple Church of God (Pentecostal) Statement of Changes in Charitable Funds for the year ended 31 December 2023

This schedule does not form part of the statutory accounts

At 1 January 2022 Surplus for the financial year At 31 December 2022 At 1 January 2023 Surplus for the financial year At 31 December 2023	Income and Expenditure account £ 218,490 10,154 228,644 228,644 9,135 237,779	Total £ 823,490 10,154 833,644 833,644 9,135 842,779

Faith Temple Church of God (Pentecostal) Statement of Cash Flows for the year ended 31 December 2023

Notes Operating activities Profit for the financial year Adjustments for: Interest receivable Interest payable Decrease in debtors (Decrease)/increase in creditors Interest received Interest paid Cash generated by operating activities Net cash generated Cash generated by operating 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	2023 £ 9,135 (711) - 2,000 (500) 9,924 711 - 10,635 10,635 10,635 83,644 94,279 94,279	2022 £ 10,154 (52) 2,178 2,178 1,800 16,258 52 (2,178) 14,132 14,132 14,132 69,512 83,644 83,644

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2023

1 Summary of significant accounting policies

Basis of preparation

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.

Donated goods and services are recorded at their expected cost.

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation 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.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2023

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.

Going concern

The accounts have been prepared on the going concern basis, which assumes that the Charity will be in operational existence twelve months from the date of approval of these accounts. The trustees are satisfied that this basis is appropriate.

The facts that support the conclusion of going concern are:-

• on 31 December 2023, the Charity held £70,946 cash on deposit, £22,447 cash at bank, £886 cash in hand; and

• the Charity had a net income of £9,135 this year.

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 reliably.

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 Church: Worship Discounts allowed By geographical market: UK	2023 £ 38,378 9,549 6,083 8,837 5,605 - 68,452 68,452	2022 £ 33,205 4,756 5,645 41,151 - 90 84,847 84,847

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2023

3	Staff costs		2023	2022
			£	£
	Wages and salaries		21,600	23,213
	Other pension costs		461	550
			22,061	23,763
4	Average number of employees during the year Pastoral services Role played by general volunteers No employees received emoluments (excluding employer pension		2023 2022 1 1 costs) of more than £60,000.
5	Volunteers play a vital role in the running of the Charity and their Interest payable Bank loans and overdrafts		2023 £ -	2022 £ 2,178
6	Tangible fixed assets Cost or valuation At 1 January 2023	Land and buildings At cost £ 750,000	Plant and machinery At cost £ 62,500	Total £ 812,500
	At 31 December 2023	750,000	62,500	812,500
	Depreciation At 1 January 2023	-	62,500	62,500
	At 31 December 2023	-	62,500	62,500
	Carrying amount At 31 December 2023	750,000	-	750,000
	At 31 December 2022	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.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2023

7 Debtors Trade debtors 8 Creditors: amounts falling due within one year Trade creditors Other creditors 9 Other reserves Revaluation reserve At 1 January At 31 December 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	2023 £ - 2023 £ 1,500 - 1,500 2023 £ 605,000 605,000 2023 £ 228,644 9,135 237,779 2023 £ 833,644 9,135 842,779 842,779	2022 £ 2,000 2022 £ 1,800 200 2,000 2022 £ 605,000 605,000 2022 £ 218,490 10,154 228,644 2022 £ 823,490 10,154 833,644 833,644

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 2023

11 Analysis of net assets between funds

Fixed assets Current assets Current liabilities	Unrestricted funds 750,000 94,279 (1,500) 842,779	Restricted funds - - - -	2023 £ 750,000 94,279 (1,500) 842,779	2022 £ 750,000 85,644 (2,000) 833,644

12 Related party transactions

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

Overseer Anthony Thomas Trustee Overseer Anthony Thomas Trustee Overseer Anthony Thomas Trustee	£ 22,061 Wages and salaries for pastoral services 1,700 Reimbursements for Other direct costs 690 Reimbursements for Travel and subsistence 24,451

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.

Faith Temple Church of God (Pentecostal) Notes to the Financial Statements for the year ended 31 December 2023

15 Principal place of business

The address of the charity's registered office is:

4 Hotham Road Wimbledon London SW19 1BS

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 2023

Notes Income from charitable activities Tithes and offerings 2 Gifts, donations and pledges Gift aid Other contributions Church: Worship Discounts allowed Expenditure on charitable activities Church: Worship Gifts and donations Catering and hospitality Other direct costs Net operating income Administrative expenses Support costs Governance costs Operating surplus Interest receivable Interest payable Movement in funds: Surplus	2023 £ 38,378 9,549 6,083 8,837 5,605 - 68,452 - (3,539) (2,026) (4,820) (10,385) 58,067 (46,960) (2,683) 8,424 711 - 9,135	2022 £ 33,205 4,756 5,645 41,151 - 90 84,847 (70) (2,839) (1,011) (6,050) (9,970) 74,877 (57,562) (5,035) 12,280 52 (2,178) 10,154

Faith Temple Church of God (Pentecostal) Detailed Income and Expenditure Account for the year ended 31 December 2023

Income from charitable activities Tithes and offerings Gifts, donations and pledges Gift aid Other contributions Church: Worship 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 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 Bad debts Sundry expenses Support costs	2023 £ 38,378 9,549 6,083 8,837 5,605 - 68,452 - 3,539 2,026 4,820 10,385 21,600 461 - 2,808 2,648 27,517 163 5,245 110 5,518 1,253 290 217 832 16 2,710 409 2,699 2,000 3,499 13,925 46,960	2022 £ 33,205 4,756 5,645 41,151 - 90 84,847 70 2,839 1,011 6,050 9,970 23,213 550 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

Faith Temple Church of God (Pentecostal) Detailed Income and Expenditure Account for the year ended 31 December 2023

Governance costs Legal and professional costs: Independent examination fees Accountancy fees Consultancy fees Advertising and PR Governance costs Administrative expenses	2023 £ 1,500 1,154 29 - 2,683 49,643	2022 £ 3,558 1,332 - 145 5,035 62,597