2024-12-31-accounts - Christs Temple Of Resurrection Ministries Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

CHRIST'S TEMPLE OF RESURRECTION

MINISTRIES TRUST

14 SEDGEMERE ROAD

ABBEYWOOD LONDON SE2 9SW

CHARITY NUMBER 1048537

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMEBER 2024

THE ROCK - FMC LTD 10 WOOLWICH NEW ROAD WOOLWICH LONDON SE18 6AB

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST

TRUSTEES: Rev Mrs Eunice Akinrinloye Rev Yinka Akinrinloye Mrs Aseye Taylor Mr Clement Manu Ms Gloria Mbah Mr Kwasi Asare Obuor-Asimpih SECRETARY: Mrs Aseye Taylor CHARITY NUMBER: 1048537 BANKERS: 1 National Westminister Bank Plc Woolwich Branch 1-7 Powis Street London SE18 6LE 2 HSBC Bank 15 Wellington Street Woolwich Branch London SE18 6PH ACCOUNTANTS: The Rock - FMC Ltd Equitable House 10 Woolwich New Road London SE18 6AB CONTENT: 1. Trustees' Report 2. Accountant's Report 3. Statement of Financial Activities 4. Balance Sheet 5. Notes to the Accounts

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST TRUSTEES REPORT

The Trustees have pleasure in submitting their report, and accounts for the year ended 31st December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 5,and comply with the Statement of Recommended Practice and applicable law.

Constitution, objective of the charity, principal activities and organisation of our work

The charity is constituted under a trust deed dated 10th July 1995 and is a registered charity number 1048537.

The objectives of the charity as set out in the Declaration of Trust are:

(a) The advancement of the Christian faith and

(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick.

The church is involved in Christian outreach programmes designed to increase Christian awareness and spread the Gospel of our Lord Jesus Christ.

Development, Activities and Achievements in the Period

This year too, we successfully organised all our annual conferences which included: Financial Matters; Family; Destined Women; Integrity Men; Youth; Children and Praise Week. The family and single parents conference continue to bring tremendous impactation in the life of attendees. Once again, many youth were saved as they gave their lives to Jesus Christ.

The Destined Women's conference was held both virtually and in person. As usual the conference continue to inspire and reached out to women of all calibres The conference gave women vision, new careers, enterpreneurs and many more.

Also the Daily Devotional (Seed of Wisdom) continued to be distributed to members, adhering to all government guidelines, to help them grow in their faith in Christ Jesus.

Praying Mothers' is another wing of Destined Women initiated this year. It is dedicated to praying for children, youth, marriage and career. It teaches women how to stand in prayer confidently and see results. The prayer meeting is on Zoom. It embraces women and mothers from all walks of life.

The Church continued its community project during Christmas Food items were donated to the less privileged and vulnerable in the community. Many in the community were given packs of food items. The community project has become a yearly programme committed to reaching out to the less privileged and vulnerable.

Review of the financial position

The net incoming resources for the period amounted to a surplus of £446,456 (2023 year end was a surplus of £70,966) all of which was attributable to general reserves.

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST TRUSTEES REPORT

Board of Trustees

The members of the board of trustees during the year were Rev Mrs Eunice Akinrinloye Mr Clement Manu Rev Yinka Akinrinloye Ms Gloria Mbah Mrs Aseye Taylor Mr Kwasi Asare Obuor-Asimpih

This report was approved by the board of trustees and signed on its behalf by

Rev Mrs Eunice Akinrinloye

Dated

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST

I report on the Financial Statements of the charity for the period ended 31 December 2024 which are set out below.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINERS

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 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

i) examine the accounts under section 145 of the 2011 Act; ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

iii) to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the project and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the view given by the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENTS

In connection with the examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements
(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
(ii) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the account to be reached.

THE ROCK - FMC LTD Dated EQUITABLE HOUSE 10 WOOLWICH NEW ROAD LONDON SE18 6AB

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST DECEMEBER 2024

Notes Incoming Resources Incoming resources from generated funds Voluntary income 1 Gift Aid Investment Income 2 Total Incoming Resources Resources Expended Charitable Activities 4 Total resources expended Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward		2024 £ 494,190 39,202 808 534,200 87,744 87,744 446,456 387,948 834,404 Unrestricted	2024 £ 494,190 39,202 808 534,200 87,744 87,744 446,456 387,948 834,404 Unrestricted	2023 £ 101,198 50,370 662
				152,230
				81,230
				81,230
				71,001 316,947
				387,948

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities

The notes on pages 5 to 8 form part of these accounts.

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST BALANCE SHEET AS AT 31ST DECEMBER 2024

Notes FIXED ASSETS Tangible Fixed Assets 3 CURRENT ASSETS Cash in hand & Bank LESS CREDITORS: Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENTS LIABILITIES NET ASSETS MEMBERS ACCUMULATED FUNDS Unrestricted Funds 8	2024 £ 316,685 518,718 518,718 (1,000) 517,718 834,403 834,403 834,403 834,403	2023 £ 16,707 372,141	2023
		372,141 (900)
		371,241
		387,948
		387,948
		387,948
		387,948

Approved by the Board of Trustees and signed on its behalf by

Trustee Dated

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMEBER 2024

1. Accounting Policies

1.1 Basis of preparation of accounts

The accounts are prepared under the historical cost convention and include the results of the charity's operations which are described in the Trustees' Report and all of which are continuing.

The accounts have been prepared in accordance with the Statement of Recommended Practice for Charity Accounts.

The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as a small charity.

1.2 Tangible Fixed Assets for use by the Charity and Depreciation.

Tangible fixed assets for use by the Charity are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & Machinery - Motor Vehicle 25% per annum. - Equipment fixtures and fittings 25% per annum.

1.3 Income

Income from Tithes and Offerings is included in incoming resources when they are receivable.

Inland Revenue Gift Aid Repayment

IR Charity Repayment is gift aid repayment claims for the year on donations.

1.4 Value Added Tax

Value Added Tax is not recoverable by the Charity, and as such is included in the relevant costs in the Statement of Financial Activities.

2. Investment Income

Investment income consists of net interest received during the period.

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMEBER 2024

3. Tangible Fixed Assets


3.Tangible Fixed Assets Cost as at 1st January 2024 Additions during the year Prepayment - New Church Building At 31st December 2024 Depreciation as at 1st January 2024 Charge for the period At 31st December 2024 Net Book Value at 31st December 2024 Net Book Value at 31st December 2023	Property Motor Plant & Total Vehicle Equipment 2024 £ £ £ 10,194 65,575 75,769 - 1,201 1,201 - 299,896 299,896	Total
			2024
	10,194 366,672 376,866
	8,407 50,655 59,062 112 1,008 1,119
	8,519 51,663 60,181
	1,675 315,009 316,685
	1,787 14,920 16,707

4. Charitable Activities Rent & Rates Telephone & Internet Evangelism & Mission Honorarium Consultancy fees Welfare Support Travelling & Motor Expenses New Building Expenses Administrative expense Repairs & Renewals Bank Charges Insurance Accountancy fees Training & Workshops Media & Publications Depreciation	Unrestricted Total Total Funds 2024 2023 £ £ £ 17,251 17,251 17,847 2,415 2,415 1,748 16,922 16,922 16,108 3,250 3,250 3,150 0 0 3,334 5,131 5,131 8,667 5,310 5,310 8,340 18,359 18,359 0 1,635 1,635 931 830 830 1,082 240 240 180 1,086 1,086 1,107 1,000 1,000 900 13,195 13,195 12,145 0 0 121 1,119 1,119 5,569	Total	Total
			2023
	87,744 87,744 81,230

CHRIST'S TEMPLE OF RESURRECTION MINISTRIES TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMEBER 2024

5. Trustee Remuneration

No trustee has received remuneration in the year.

No trustee has had expenses reimbursed in the year.

There were no staff costs and emoluments and thus no employee whose emoluments exceeded £60,000.

6. Creditors: Amount falling due within one year Accruals	2024 £ 1,000 1,000		2023
			£ 900
			900

7. Net Movement in Funds for the Period

The net movement in funds for the period is stated after charging:

2024 £ Depreciation of tangible fixed assets - for use by the charity 1,119 Accountancy Fee 1,000	2023
	£ 5,569 900

8. Analysis of Net Assets between funds

8.Analysis of Net Assets between funds
Unrestricted Funds:	Motor Vehicle 1,675	Property Plant & Equipment	Property		Net Current Assets less Total Liabilities 2024 517,718 834,403	Total
				Plant &
							2024
		315,009