## **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.
(c) Such other exclusively charitable purposes as the trustees may see fit.
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.
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## **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
2
## **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**
**3**
## **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.
**4**
## **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
**5**
## **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.
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## **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|||
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## **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**||||||
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